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CBN Extends BVN Registration


BEVERLY HILLS, June 30 (THEWILL) – The Central Bank of Nigeria (CBN) has extended the Bank Registration Verification (BVN) deadline to Oct. 31, to accommodate customers who had thronged the banks to beat this week's deadline.

The extension was announced Tuesday in a circular by Mr. Dipo Fatokun, Director, Banking and Payment System Department, CBN.

“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 enrolment is hereby extended from June 30 to Oct. 31,'' it stated.

According to the statement, the extension is expected to facilitate a smooth completion of the registration exercise.

It further stated that the extension would give Nigerian bank customers in the Diaspora, ample time to enroll into the programme.

The statement, however, stated that the guideline for the enrolment of the Diaspora account holders was being finalised and would be released soon.