The Bank Verification Number commonly called BVN is a biometric identification system implemented by the Central Bank of Nigeria to curb or reduce illegal banking transactions in Nigeria. It is a modern security measure in line with the Central Bank of Nigeria Decree to reduce fraud in the Nigerian banking system.

The Central Bank of Nigeria, CBN has named twelve approved centres across Europe, North America, Asia, Middle East and Africa to facilitate the Bank Verification Number, BVN registration exercise for Nigerian banks’ customers in the Diaspora. The approved centres include the ones in Washington DC, Atlanta, New York and Houston, United States of America; Johannesburg, South Africa; Beijing, Guangzhou and Shanghai, China; New Delhi, India; London and Leicester, United Kingdom; and Dubai, United Arab Emirates.

CBN also disclosed that, “Online Integrated Solutions OIS has been engaged to establish stations for data capture and generation of BVN at a fee of GBP30 per transaction, payable by the customer. The company is expected to capture necessary data for online transmission to the Nigeria Interbank Settlement System, NIBSS who would therefore generate the BVN and communicate same to the customer.

The customer may approach OIS for the BVN, where the communication from NIBSS is not received within 48 hours after the enrolment. Thereafter, Nigerian banks’ customers in Diaspora are expected to forward their BVN to their banks for linkage with their accounts.”

Besides Leicester and London where enrolment had already started, enrolment at all the approved centres is expected to kick off from August 24, 2015 for Washington DC, and August 19 for Dubai, UAE while September 7, 2015 has been slated for the possible go-live date for the registration in Johannesburg, Beijing, Shanghai, Guangzhou and New Delhi.

September 14 has been slated for possible go-live date for the exercise in Atlanta, United States of America while possible go-live dates for New York and Houston Centres have yet to be determined. The circular added that information on other enrolment centres not listed above will be communicated soon and that customers should visit the NIBSS website for updates on the go-live dates.

The apex bank also directed customers intending to register through OIS to make a booking first and confirm an appointment through the organisation’s website before they could be attended to. In the circular entitled: “Circular on the framework for the enrolment of Nigerian Banks’ customers in Diaspora for bank verification exercise issuance’ CBN presented two options for the Diaspora customers to participate in the BVN registration exercise.

It said: “Nigerian banks’ customers in the Diaspora could present themselves for enrolment for the BVN without travelling to Nigeria. The first option is for the customers of Nigerian banks to present themselves to the offshore branches/subsidiaries of any Nigerian money deposit bank, where such facilities have been made available, for the enrolment for the BVN. The deployment of scanners and other devices to these locations have started in earnest.

Very thoughtful of them...

That's best for business

This does not make much sense.
Are these 6 countries the only ones Nigerians reside?
No centres for Nigerians in the whole of Euro area, the Scandinavia, and Russia!
1. (Washington DC, Atlanta, New York and Houston) United States of America;
2. (Johannesburg) South Africa;
3. (Beijing, Guangzhou and Shanghai) China;
4. (New Delhi) India;
5. (London and Leicester) United Kingdom; and
6. (Dubai) United Arab Emirates.

Doesnt make sense at all... Nigerians are in more cities in those countries represented.

Take for example, London and Leicester in the United Kingdom. What about people in Scotland for example? What happens to Nigerians in other European countries?

In the US, Washington DC, Atlanta, New York and Houston. So if you live in let's say Los Angeles CA or Portland OR, you will need to fly to Houston to complete this BVN. In addition to the flight ticket or cost of getting to these centres, you will have to pay another £30 (cost of BVN) instead of ₦0 which Nigerians in Nigeria paid! What a mess Nigeria is?

OFFICIAL NOTICE:

NIGERIAN PASSPORT AND VISA SORTING CENTRE AT JOHANNESBURG commencing on the 14th September 2015. Please visit www.oisservices.com for more information.

BVN ENROLLMENT FACILITY AT OIS SERVICES JOHANNESBURG commencing on the 7th September 2015.


THIS IS TO NOTIFY THE PUBLIC THAT OIS SERVICES, IN PARTNERSHIP WITH THE CENTRAL BANK OF NIGERIA, WILL BE PROVIDING SERVICES FOR BVN REGISTRATION AND ENROLLMENT. THIS SERVICE WILL BE AVAILABLE FROM MONDAY 7TH SEPTEMBER. NIGERIAN PASSPORT AND VISA APPLICATION SORTING CENTRE WOULD COMMENCE ON THE 14TH.



WHAT IS BANK VERIFICATION NUMBER (BVN)?
BVN is a scheme introduced by the Central Bank of Nigeria (CBN) to protect customers’ transactions and enhance confidence in the Nigerian banking sector. It involves identifying an individual based on physiological or behavioral attributes, such as fingerprint, signature and others. The customers unique BVN is accepted as a means of identification across the banking system.



IMPORTANT
The CBN has ordered that with effect from 31ST OCTOBER 2015 customers WHO HAVEN’T COMPLETED THEIR BVN REGISTRATION would not be able to transact in any Nigerian bank, restrictions would be placed on their ATM use and Internet Banking access.



REQUIREMENTS FOR ENROLLMENT:
• Completed enrolment form (available at the Centre or on our website)
• Valid photo ID (Driver’s License or International Passport)
• One recent passport photograph
Appointment Only
• ZAR 615 enrolment fee
Payment options
POSTAL ORDER: Please purchase a postal order (from the post office) to the amount of R615, made payable to OIS SERVICES PTY LTD.
CARD PAYMENTS: 14th Sept 2015, POS card payments would be available. All cards accepted.

ENROLLMENT CENTER
OIS Services
No.6 Bolton Road
Parkwood,Rosebank
2193. Johannesburg, SA
Tel:+27112682376; +27112682470


Opening Times
Monday- Friday (9am - 5pm) Appointments Only please visit our website

For more information, please visit www.oisservices.com or call us at +27112682376; +27112682470

If you need more information about how it affects you, please visit www.bvn.com.ng.

other articles http://leadership.ng/business/449764/why-diaspora-customers-pay-for-bvn-registration