New BVN Date– New Date has been announced for the closure of the Bank Verification Number. The Central Bank of Nigeria has extended the deadline for the registration of the the Bank Verification Number to October 31th 2015.
This was contained in a circular issued by the apex bank and signed by Mr Dipo Fatokun, Director, Banking and Payment System Department, in Abuja on Tuesday.
“It has come to our notice that the BVN registration has elicited tremendous interest from the Nigerian bank customers who crowded the banking halls in order to beat the deadline.
“In view of the foregoing, it has become imperative for the banks to extend the timeline for all customers to have the BVN.
The deadline for the enrollment is hereby extended from June 30 to October 31.”
A customer is only expected to register at one bank, irrespective of the number of accounts he has. Also it basically ensures that a customer’s identity is not stolen. Customers who failed to register might not enjoy credit facilities, foreign exchange services and internet banking, among others.
This Bank Verification Number, was initiated and was launched in February 2014, by the Central Bank of Nigeria is being supported by the bankers’ committee. It is aimed at protecting bank customers and further strengthening the Nigerian banking system.