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Thursday 2 July 2015

Bank Verification: CBN extends registration until October 31

 
 
Following the apprehension and out cry of customers, the Central Bank of Nigeria (CBN) has extended the Bank Registration Verification (BVN) exercise deadline to October 31, to accommodate those who had thronged the banks to beat an earlier closing date.
This was contained in a circular issued by the apex bank and signed by the Director, Banking and Payment System Department, Dipo Fatokun, on Tuesday.
The reason, according to CBN, “It has come to our notice that the BVN registration has elicited tremendous interest from the Nigerian bank customers who crowded the banking halls in order to beat the deadline.
“In view of the foregoing, it has become imperative for the banks to extend the timeline for all customers to have the BVN. The deadline for the enrolment is hereby extended from June 30 to October 31.”
According to the statement, the extension is expected to facilitate a smooth completion of the registration exercise.
It further stated that the extension would give Nigerian bank customers in the Diaspora, ample time to enrol into the programme.
The statement, however, stated that the guideline for the enrolment of the Diaspora account holders was being finalised and would be released soon.
Daily Sun checks in some banks in Lagos showed that customers had a hectic day trying to register their account numbers due to poor network and insufficient bank officials to attend to them, as chaotic situations were recorded in most banks’ premises.
Some customers trooped to the banks as early as 4a.m to ensure they register their account numbers. Sadly, the entire process seemed to be epileptic as only a few of them were able to have their account numbers verified, forcing them to spend over several hours waiting to be verified.
As at 5p.m banks were attending to customers, while some of them that have more than one bank account were also seen with pieces of white papers at the banks where they had registered wrote their unique BVN numbers to take to other banks to key in.
Reacting to the initial development, most of the customers who called for the extension of the deadline to enable them register their numbers complained of poor awareness.
A customer, Ola Oladeju who spoke to Daily Sun in a banking premise commended CBN for the extension of the exercise.
According to him, this is a good development, as this will facilitate the accommodation of millions of customers who would have been left out of the BVN exercise.
Another customer, who thanked CBN for the extension, requested that the apex bank should come up with a robust strategy to assist those of us living in diaspora.
He advised those in the country, to do the needful before the deadline rather than wait till the last minute.
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