Currently, there are panics everywhere of what will become of the fate of Nigerian bank account owners that fails to register for the compulsory BVN after today's deadline date.

One of Nigerian cultures over the years have always been to approach issues like this in fire-brigade manner; people only start coming out to register at the eleventh hour when there is rush and when everywhere is heated up.

Recent and similar occurrences were seen in the registration of the New National Identity Cards and in the registration and collection of Permanent Voters Card (PVC) where people only troop out at the die moment to get involved.

And today again here come the Bank Verification Number on ground and on the verge of registration closure.

But the big questions again remains: What will happen to the accounts of those that fails to register for the BVN, will there accounts be shot down and many more similar questions.

Now listen up!

Yes, not registering for the BVN has implications and the implications hovers mostly around 3 areas of carrying out transactions with your banks and which you will be limited to, and those areas are;

1. You will no longer be able to have access to Credit facilities at your bank

2. You will be ineligible to carry out foreign exchange transactions with your banks.

3. Internet banking facilities will automatically be shot out at you and there is still on-going debate that you might also lose out on carrying out transactions with your ATM.

Source: http://highteknology..com/2015/06/will-i-lose-my-bank-account-if-i-fail.html

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Freemanan:

but why?

only? what my money?

Geoffrey120:
only? what my money?

Your money is intact but you can now only do your withdrawal/deposit transactions inside the banking hall.

I will sue the bank and claim damages

But its not as if u can't do the bvn in a later time na? Abi u mean say registration for bvn go close today? Inobeliefam

lekkie073:
But its not as if u can't do the bvn in a later time na? Abi u mean say registration for bvn go close today? Inobeliefam

registration for bvn will close today and the only way u can then do it is by opening a new bank account and it will be done at the process