Customers expecting the Central Bank of Nigeria (CBN) to extend the deadline for the Bank Verification Number (BVN) exercise may be disappointed as CBN has ruled out the possibility.
Ibrahim Mu’azu, director,corporate communications, CBN, confirmed that the deadline for registration is tomorrow, Tuesday, June 30, 2015.
He explained further that bank customers were given adequate time and that the bank expected they should have taken advantage of the period scheduled for the exercise to register.
Contrary to the speculation that customers who do not have BVN will be prevented from making transactions, such as payments and withdrawals, Mu’azu said only customers using remote access services: internet banking,Automated Teller Machines (ATMs) and other on-line services would not be able to transact.
He also confirmed that over 14 million bank customers have already registered.
For Nigerians in diaspora to participate in the exercise, CBN has also directed banks to provide online platforms for those who have local accounts to register.