No Extension To BVN Registration, CBN Insists

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The Central Bank of Nigeria (CBN) says Oct. 31 remains the deadline for bank customers to obtain their Bank Verification Numbers (BVN).

According to Mr Dipo Fatokun, Director, Banking and Payment System Department (BPSD) who spoke to journalists on Wednesday in Abuja, bank customers that had not enrolled for BVN at the deadline 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,” Fatokun said.

The BVN is a unique identity number that can be verified across the Nigerian banking industry.

1 COMMENT

  1. To whom it may concern…
    I am a citen of Nigeria, and from Delta state,but right now i live in Moscow, Russia, and i have an account with U.B.A, and due to latest development happening in the banking sector of the BVN deadline…please we will like the administrative body be aware that most of us in diaspara don’t have the opportunity to come and the BVN on the deadline given…please we are pleading for a rethink or any other provision of we outside the country, because loosing out HARD AIM MONEY JUST LIKE THAT WOULD BE LIKE SUCIDE….so please we need a re think from the government….and i definately hope this CHANGE would not be SUCIDE….

    PLEASE WE NEED ANY OTHER PROVISION OR A RE THINK

    Regards
    Frank.

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