Friday, 23 October 2015

BVN: CBN won’t extend October 31 deadline


The Central Bank of Nigeria (CBN) yesterday ruled out any extension of the October 31 deadline for customers to register for their Bank Verification Number (BVN). It urged those yet to be captured to do so before the deadline expires in six days.


The BVN which had been on for over six months initially ended on July 30 but was extended by additional three months following calls from many customers who could not register within the period

Appealing to those not yet captured under the scheme to ensure they don’t miss out on the re-scheduled deadline, the apex bank said there is no need for people to wait until the last day before going for the registration

Deputy Director, Consumer Protection Department at the CBN, Hajia Khadija Kasim,  addressing stakeholders at a one-day sensitisation fair in Ibadan said the BVN, with the cashless policy, will go a long way to help the apex bank and other banks in the country to tackle the issue of money laundering in the countrY.