The Central Bank of Nigeria (CBN) has once again extended the registration and linkage of BVN of Nigerian bank customers living abroad.
Last year, the CBN extended the exercise to 31 January 2016 but in a circular by the apex bank, it noted that it had observed through a survey, the low percentage of registration of Nigerian Banks’ customers in diaspora which may be attributed to lack of accessibility to registration Centres and unavailability of registration Centres in some cities with large Nigerian populations.
As a result of this development, the CBN has directed all Deposit Money Banks (DMBs) that BVN enrollment of Nigerian banks’ customers in diaspora, has been extended to 30th June 2016, to enable such customers complete the enrollment and link the BVN to their bank accounts.
The circular, signed by Dipo Fatokun, Director Banking and Payments Systems Department said “plans are on to deploy more registration Centres for locations with high Nigerian population. Nigerian Banks’ customers are enjoined to seize the opportunity of this extension to register and link their BVN to their bank accounts.”