BREAKING NEWS: BVN registration deadline extended to October 31

Firstclass newsline gathered that the Central Bank of Nigeria on
Tuesday extended the deadline for the Bank Verification Number
registration by four months from June 30 to October 31, 2015.
The apex bank disclosed this in a circular issued to all Deposit Money
Banks operating in the country.
The circular dated Tuesday, June 30 with reference number
BPS/DIR/GEN/CIR/02/008 was signed by the Director, Banking and Payment
Systems Department, CBN, Mr Dipo Fatokun.
The bank in the circular said the extension became imperative in order
to give customers of DMBs more time to participate in the enrollment
exercise.
It said since the registration exercise had in recent time elicited a
lot of interests from customers of DMBs who have crowded the banks in
the last few days, there is need to extend the deadline to ensure a
smooth completion of the registration process.
The circular further stated that in view of the fact that a lot of
Nigerians in the diaspora may not be able to take advantage of the
current registration process, a new guideline for their enrollment
would soon be issued by the CBN.
The circular reads in part, "It has come to our notice that the BVN
registration has elicited tremendous interest from the Nigerian banks
customers who crowded the banking halls in order to beat the deadline.
"Furthermore, there is the need to give Nigerian banks customers in
the diaspora ample time to enroll on the program. The guideline for
their enrollment is being finalised and will be released soon.
"In view of the foregoing, it has become imperative for the bank to
extend the timeline for all bank customers to have the BVN.
"The deadline for enrollment is hereby extended from June 30th, 2015
to October 31, 2015.
"This extension is expected to facilitate a smooth completion of the
registration exercise."
The circular stated that any bank customer without the BVN attached to
his account would go have inadequate requirement with respect to the
Know Your Customer guidelines.
Firstclassnewsline.net