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.