Following controversies trailing the conclusion of the Bank Verification Number (BVN) exercise and challenges some bank customers are having linking their bank accounts, the Central Bank of Nigeria (CBN) yesterday declared the exercise should now be operated on a continuous basis to accommodate prospective customers and any others who may have been left at the end of the October 31, 2015 deadline.
In a statement signed by the CBN Director of Corporate Communications, Alhaji Ibrahim Mu’azu, the bank said the BVN enrolment is a continuous process.
given for the initial enrolment had lapsed, customers who are yet to register are required to do so in order to avoid restrictions on their accounts.
It added that all banks have been directed to ensure uninterrupted enrolment of customers on the BVN platform.
CBN said “Account holders who are yet to obtain their BVN are enjoined to visit their banks and do the registration.
There are two steps to the BVN process.
The first step is to obtain a BVN, while the second step requires the account holder to link the BVN with his or her bank accounts”.
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