The Bank Verification Number (BVN) registration will still go on despite the expiration of the deadline on Saturday, October, 31, the Central Bank of Nigeria and the Nigerian Inter-bank Settlement System (NIBSS) have said.
The spokesman of the CBN, Ibrahim Muazu said yesterday that the process will still go-on and the deadline means that any customer that fails to do the registration will have some restriction to operate his accounts.
Mu’azu who spoke to our reporter on phone yesterday said from today Monday, November 2, 2015, regarded the exercise as successful, saying that majority of the banks have captured the BVN of their active accounts except for those customers that choose not to participate in the process.
He said: “Deadline was successful because the awareness has been created to millions of customers and the banking hall were empty unlike the June deadline where there were chaos everywhere in the banking halls”
The Managing Director of the Nigerian Inter-Bank Settlement System (NIBSS) Mr Ade Shonubi told our reporter also that the BVN is a continuous process and that it is the minimum requirement for Know Your Customer (KYC) as provided by the Central Bank of Nigeria (CBN) and Bankers’ Committee.
He said: “What the deadline implies is that a customer who has not complied would not have access to his account until he or she complies”
The last time we approached the deadline of the Bank Verification Number (BVN) registration exercise (June 30th) set by the Central Bank, there were pandemonium as the premises of the commercial banks were overwhelmed with customers falling over themselves in a bid to beat the deadline.
The new development helped salvage the situation as customers were not seen besieging the banking hall seeking to comply with the Central Bank Directive before the deadline of October 31.
Meanwhile, some customers were not able to link their various accounts with BVN before the end of the deadline last Saturday, but the CBN said those customers still have chance to do so for them to operate the accounts properly.
Daily Trust investigations revealed that some commercial banks have adopted innovative approach for customers to update their Bank Verification Numbers if such customers have already registered with one of the commercial bank.
Finding by Daily Trust revealed that most of the commercial banks have deployed their online banking platform or a short messaging service platform to get their customers to simply text their BVN numbers for onward registration.

Cc: lalasticlala

source http://www.dailytrust.com.ng/news/business/bvn-registration-continues-cbn-nibss/117435.html

o Nigeria my country.

Ok

tendercharles:
o Nigeria my country.

lol ... na one naija

Nigerians with mis information, one news says accounts will be freezed the other says its a continous process, all i know is that if i need BVN i will walk into a bank, open a fresh account and BVN would be done instantly even after the deadline.

Noted

Sigh! Maybe they should even start by telling us the benefits of having this BVN.
Cos some bankers sef don't know, why would a cashier ask for my BVN when I want to deposit money into an account that is not mine.

with the way it's going, perhaps this process will continue for a very long time.

Okay...

Just rushing to do mine now

OK

check physics tutorial blog you will be surprised

Lol


I first knw say na so e go always be dat dos not mean I dint do my own almost 6monts b4 deadline..
As far na Nigeria we dey heads for roll

when accessbank debited my account from 15,000 to -35,000?? nonsense.. i told them via writing ,if they dont correct the anomaly i'll ditch the account..
Atleast i have proof that it was their error.

Ehe ehe..!

Front page...NO 8 to comment..! I am getting there!

Anyway, back to d matter...! BVN or no BVN.....please does that change the price of fufu

Chanchit:
Sigh! Maybe they should even start by telling us the benefits of having this BVN.
Cos some bankers sef don't know, why would a cashier ask for my BVN when I want to deposit money into an account that is not mine.

A cashier asking for ur bvn? U should have shouted and alerted people at the banking hall to be wary of that cashier to avoid an ignorant falling victim cos the cashier is a scammer in disguise or what does he/she needs ur bvn for a transaction that's glaring doesnt needs bvn?

I tot my account will be freeze ni....I for Sue CBN.

Not surprised at all, NCC threatened pass but we know the situation now.. God bless my Country

Lols. funny country... so bad am one of the stubborn Nigerians who is yet to link his BVN with one of his account....

I tire noh be say I lazy

If i tell u dat evry tin abt ds administration is title CONFUCION.

Imagine say na 2015 election them dey postpone like this,

nice one...

We know bfor

[b] Was one of the early individuals who registered for BVN way back but as at yesterday 1st Nov. I couldn’t carry out any online or ATM transaction. Got to FBN this morning and was told my account has been frozen cos of BVN. I presented my BVN immediately after dialing the code *565*0# and with some form of disappointment on his face, the Customer Care dude in the bank politely apologized cos he had initially accused me of negligence and failing to beat the deadline. I had to fill out another form for the error to be rectified which he also admitted of not being sure of the duration before the rectification would be implemented.

I am financially handicap right now for no fault of mine cos I pay all necessary bills (Internet, PHCN, MTN Top-Up etc) including my daily meal online at the beginning of every month. This is an absolute sign of the end time...!!!


If CBN or the Banks wants to implement a computerized Verification scheme shouldn’t it be done in a computerized manner without me losing man-hour just to physically present my BVN again for authentication?

[/b]

That is the most annoying aspect of the whole thing! This also means that a layman who has no bank account cannot send money across to his exposed relatives!

Chanchit:
Sigh! Maybe they should even start by telling us the benefits of having this BVN.
Cos some bankers sef don't know, why would a cashier ask for my BVN when I want to deposit money into an account that is not mine.

j

Nigerians, law, orderliness...Worst of enemies


Meanwhile for those people who have no jobs, are tired of switching jobs or have no skill at all and want to develop skills that can fetch them money today, here is my Nairaland thread (Brought to you by brilliantlightsmedia) where you can come in to learn how to join fiverr and offfer Hot, In-demand Services as well as developing the skills needed not only to make money monthly working online on fiverr but offline as a workplace skill you can start a business with or use to boost your resume and job chances. Ain't that cool?

The thread is a well explained step by step guide along with images to help you grasp what you need to do. to help you get started today

There are very easy ways of making it through the internet, you just have to find the safest and surest way, and this one beckons. follow me now...

The Nairaland Fiverr Free Training Thread

ok, I've known this before now sef.

These are the same bunch of nitwits that called GEJ clueless.

6months into APC tenure and their only achievement is criticism of GEJ. No policy directions, now cabinet, no achievements whatsoever.

Baba Go Slow and APC is a scam...

Nice move and thinking

I tire for this people