CBN extends BVN registration for Nigerians abroad

The Central Bank of Nigeria has extended the Bank
Verification Number registration exercise for Nigerians
abroad from January 31 to June 30, 2016.
The CBN, in a circular on Thursday, said the extension
would allow Nigerian bank customers in the Diaspora
to obtain their BVN and link it with their respective
bank accounts.
The circular, signed by the Director, Banking and
Payments System, CBN, Mr. Dipo Fatokun, stated that
the CBN had also increased the number of BVN
registration centres overseas to allow more bank
customers to register.
The circular read, “The CBN has observed, through a
recent survey, the low percentage of registration of
Nigerian bank customers in the Diaspora, which may
be attributed to lack of accessibility to registration
centres and unavailability of registration centres in
some cities where Nigerian population is high.
“Consequently, all the Deposit Money Banks are
hereby requested to note that the BVN enrolment for
Nigerian bank customers in the Diaspora is hereby
extended to June 30, 2016. This is to enable such
customers to complete the enrolment and link the BVN
with their bank accounts.”
The CBN further said plans were on to deploy more
BVN registration centres in locations with high Nigerian
population.
The central bank had in October last year closed the
BVN registration process within the country and
directed banks to stop customers without the numbers
from carrying out transactions on their accounts.
It said only customers who obtained and registered
their BVNs should be granted access to their
accounts.
onshore installation with minor injuries.
The firm said it had also established a dedicated
telephone hotline for family members of those on
board the flight.