Written by Sarah NEGEDU

CBN extends BVN registration for Diaspora Nigerians

The Central Bank of Nigeria, CBN, has announced an additional six months extension on its Bank Verification Number, BVN exercise for bank customers abroad.

The extension which came four days after the elapse of the initial January 31, deadline, the CBN says will allow for more participation and also tackle the challenges of access that had frustrated the earlier date.

A statement signed by the director of banking supervision, ‘Dipo Fatokun, stated that the deadline for the registration and linkage of accounts has been extended from January 31, 2016, to June 30, 2016.

This, the CBN said, was because it had “observed through a recent survey, the low percentage of the registration of Nigerian banks’ customers in the Diaspora which may be attributed to lack of accessibility and unavailability of registration centers in some cities where the Nigerian community population is high.

“Consequently, all the DMBs are hereby requested to note that BVN enrolment for Nigerian Banks’ Customers in Diaspora is hereby extended to 30th June, 2016. This is to enable such customers complete the enrolment and link the BVN to their bank accounts.”

The apex bank listed 30 centers where they can register for their BVNs, adding that plans are on to deploy more centers in locations with high population. It, therefore enjoined Nigerian banks’ customers who are yet to comply to do so before the end of the new deadline.

Six centers were cited in the United States of American cities of Washington DC, Atlanta, Houston, Los Angeles, New York, and San Francisco.

In the United Kingdom, two centers were cited in London as well as Leicester and Manchester. There are also centers in Dubai, the United Arab Emirates, Brazil, India, Italy, France, Australia, as well as Johannesburg and Cape Town in South Africa.

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