BVN CBN extends registration deadline for Nigerians in diaspora

In a circular posted on the CBN website on Thursday, the apex bank revealed that the decision to extend the deadline, originally set at January 31, was as a result of low number of responses from the affected banks’ customers.

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Central Bank Governor Godwin Emefiele speaks at the monthly MPC meeting in Abuja, Nigeria, September 22, 2015. REUTERS/Afolabi Sotunde play Central Bank Governor Godwin Emefiele speaks at the monthly MPC meeting in Abuja, Nigeria, September 22, 2015. REUTERS/Afolabi Sotunde
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New reports reveal that the Central bank of Nigeria (CBN) has extended the Bank Verification Number (BVN) registration exercise for Nigerian banks’ customers in the diaspora to June 30, 2016.

In a circular posted on the CBN website on Thursday, the apex bank revealed that the decision to extend the deadline, originally set at January 31, was as a result of low number of responses from the affected banks’ customers.

CBN Building play

CBN Building

(Daily Independent)

 

READ: Commercial banks commend customers' compliance

The apex bank said, in the circular, that it discovered from a survey it conducted, that the low responses could be as a result of inadequate information and lack of accessibility to registration centres in some countries with large Nigerian populations.

It has therefore decided to publish detailed addresses of the BVN registration centres in their countries of residence to make it easier for them to comply with the BVN regulations.

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