Is there a New Deadline For Obtaining BVN? - SEEPMUZiK BLOG


Thursday, 8 October 2015

Is there a New Deadline For Obtaining BVN?

Nigeria's apex bank, the Central Bank of Nigeria, insists Oct.

31 remains the deadline for bank customers to obtain their Bank Verification Numbers (BVN) in a recent statement.

CBN's Director of Banking and Payment System Department (BPSD), Mr Dipo Fatokun while addressing newsmen in Abuja yesterday 7th October, 2015 said that once the deadline passes bank customers that had not enrolled forBVN would not have access to their accounts.

"Last week Friday the bankers communicated that there is no extension on theBVN.

"If you have not registered go and register and of course submit your BVN to your bank, no extension onthe deadline of October 31.

"By November 1 if you don't have a BVN you won't be able to operate your account, but that does not mean that your money will be confiscated as some people have said.

"No, what it means is that you should go and do your BVN, once you do yourBVN and you link it to your account, you continue to operate your account.'' Mr Dapo further said.

In a report filed by the News Agency of Nigeria (NAN), the Bank Verification Number (BVN), is a unique identity number that is verifiable across the Nigerian banking industry.

This is not the first time a deadline date will be set for bank customers to obtain their BVN but it appears to be the last.