The Central Bank of Nigeria (CBN) has made it clear that
there would not be further extension when the October 31, 2015 deadline for the
bank verification number (BVN) exercise elapses.
This, according to the banking sector regulator means that
customers without the BVN-linked accounts may risk being restricted from normal
operations of their accounts or free access to their bank account balances by
the end of next month.
It revealed that statistical trend of the BVN registration
exercise showed with about 52 million active bank accounts in various banks,
total enrolment stood at about 20 million, out of which about 14 million
accounts have been linked to the BVN as at September, 2015.
It emphasised in a statement at the weekend that BVN is now
mandatory requirement for opening new bank accounts, adding that those to be
affected by the restrictions are customers whose accounts were opened prior to
the commencement of the BVN scheme.
No comments