CBN says no more extension of BVN registration

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CBN says no more extension of BVN registration

The Central Bank of Nigeria  (CBN) has said it will not be extending the October 31 deadline for registration of Bank Verification Number (BVN) even as the current deadline expires this Saturday.

The bank is now calling on bank customers in Ibadan and nationwide to ensure they use the remaining days to register.

When the initial extension of the deadline lapsed at the end of July, hundreds of thousands customers thronged various banks to get registered but it was later extended by another three months.

Speaking through its Deputy Director, Consumer Protection Department, Hajia Khadija Kasim, at a one-day CBN sensitisation fair at an event centre in Ibadan, yesterday, the apex bank said, “The initial deadline was June 30 before we extended it to end of October.”

“By now we expect all Nigerians to go before the expiration date and get their Bank Verification Number.”

Please Nigerians, come out and ensure that within the few days left for the registration, you are registered for the exercise.

“You will see some inter-relationship between our cashless policy and the need for us to have our bio-metrics. When you are now registered as a bank customer and your details are there, it will be very difficult for somebody to use that account for any fraudulent activities. So, if any fraudulent activity takes place there, we will be able to trace the owner of the account. The situation where we have faceless people carrying out money laundering or fraudulent transactions will be reduced to the barest minimum.

“We started the cashless policy in areas that have large volume of money transaction but now it has been extended all over the country and our people are now getting better enlightened by the day” she said.

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