CBN Extends BVN Enrolment for Nigerian Bank Customers in Diaspora

The Central Bank of Nigeria (CBN) has lengthened the bank verification number (BVN) registration for Nigerian bank customers in the Diaspora to June 30, 2016.

The need to extend the BVN enrolment was  as a result of low percentage of registration of Nigeria bank customers in the diaspora. This resulted in the lack of easy accessibility of the registration centres in some cities where Nigerian population is high.

 “You will recall that as part of efforts towards ensuring full implementation of the BVN project, the CBN issued a circular extending the deadline for the registration  and linkage of BVN to accounts of Nigerian banks’ customers in diaspora to January 31, 2016.

“The CBN has observed, through a recent survey, the low percentage of registeration of Nigerian banks’ customers in diaspora, which may be attributed to lack of accessibility to registeration centres and unavailability of registration centres centres in some cities where Nigerian population is high.

“Consequently, all deposit money banks are hereby requested to note that BVN enrollment for Nigerian banks’ in diaspora is hereby extended to 30th June, 2016. This is to enable such customers complete the enrollment and link the BVN to their bank accounts.” it explained.