The Central Bank of Nigeria has announced an extension of the Bank Verification Number registration for Nigerians abroad.
Apex bank extends BVN registration abroad
The registration of local customers ended last October, and the CBN has instructed banks not to allow transaction for customers who haven’t done their registration
Central Bank of Nigeria
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![Zimbabweans have 21 days to exchange old banknotes for new ones (image used for illustration) [Reuters]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Zimbabweans have 21 days to exchange old banknotes for new ones (image used for illustration) [Reuters]")
The extension is to last from January 31 to June 30, 2016 to allow Nigerian bank customers in the Diaspora to obtain their BVN and link it with their respective bank accounts.
A circular, signed by the Director, Banking and Payments System, CBN, Mr. Dipo Fatokun, stated that the CBN had also increased the number of BVN registration centres overseas to allow more bank customers to register.
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“The CBN has observed, through a recent survey, the low percentage of registration of Nigerian bank customers in the Diaspora, which may be attributed to lack of accessibility to registration centres and unavailability of registration centres in some cities where Nigerian population is high.
“Consequently, all the Deposit Money Banks are hereby requested to note that the BVN enrolment for Nigerian bank customers in the Diaspora is hereby extended to June 30, 2016. This is to enable such customers to complete the enrolment and link the BVN with their bank accounts.”
The registration of local customers ended last October, and the CBN has instructed banks not to allow transaction for customers who haven’t done their registration.
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