BVN Registration deadline expires today

  If you are unable to register for your BVN at the end of today,your bank account becomes inactive.( I didn't say that,CBN did).

The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee had introduced the BVN on February 14, 2014. The initiative was aimed at ensuring unique identity for all bank customers and other users of financial services in the country by the use of the customers’ biometrics as means of identification.

At the expiration of the initial estimated 18 months after the launch, a good number of bank customers were reluctant in registering, which led to commotion and stampede in banking halls across the country towards the end of the previous deadline. That confusion necessitated the call for the extension of the registration deadline by four months to October 31.

Data from the Nigeria Interbank Settlement System Plc (NIBSS), showed that 20,833,635 bank customers had enrolled as at October 25, 2015.The Deputy Director, Consumer Protection Department at the CBN, Mrs. Khadija Kasim, also urged those yet to be captured to do so before the deadline expires.