CBN says BVN enrolment to continue

The Central Bank of Nigeria (CBN) has said that the Bank Verification Number (BVN) enrolment exercise will  a continuous process following complaints by some bank customers that their banks had prevented them from enrolment after the expiration of October 31, 2015 deadline to do so.

The apex bank’s Director, Corporate Communications, Alhaji Ibrahim Mu’azu said in Abuja that though the time frame given for the enrolment had lapsed, customers who are yet to register could still do so in order to remove the restrictions on their accounts.

He therefore advised the customers to insist on being registered by their banks stressing that “the deadline of October 31, 2015 does not in any way suggest an end to the registration.”

Mu’azu also observed that many customers focused on BVN enrolment alone, forgetting that there were two stages to the BVN process- that the first stage was to enrol for the BVN, after which customers are expected to link their BVN to all their bank accounts.

The CBN spokesman also disclosed that an individual could enrol for a BVN without necessarily having an existing bank account. He explained that such individuals could then submit the acquired BVN at the point of opening bank account(s) in any bank of their choice.