The Central Bank of Nigeria (CBN) says Oct. 31 remains the
deadline for bank customers to obtain their Bank Verification Numbers (BVN).
Mr Dipo Fatokun, Director, Banking and Payment System Department
(BPSD) of CBN re-affirmed this while speaking to journalists on Wednesday in
Abuja.
Fatokun said that at the deadline, bank customers that had not
enrolled for BVN would not be able to access their accounts.
``Last week Friday the bankers communicated that there is no extension
on the BVN.
``If you have not registered go and register and of course
submit your BVN to your bank, no extension on the deadline of October 31.
``By November 1 if you don’t have a BVN you won’t be able to
operate your account, but that does not mean that your money will be
confiscated as some people have said.
``No, what it means is that you should go and do your BVN, once
you do your BVN and you link it to your account, you continue to operate your
account.’’
The News Agency of Nigeria (NAN) reports that BVN is a unique
identity number that can be verified across the Nigerian banking industry.
It was inaugurated in February 2014 with the aim of protecting
customers’ accounts from unauthorised access to reduce the incidence of theft
and exposure to fraud. (NAN)
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