Banks Set To Deactivate Unregistered Accounts as BVN Registration Expires Today

Banks in Nigeria are set to deactivate unregistered accounts as BVN registration expires today.

The Central Bank of Nigeria has ruled out possibility of extending the deadline for Bank customers that are unable to obtain their bank verification numbers (BVNs) before the close of business today, Friday. These customer would not be able to operate such accounts again.

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 dateline 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.

Nigeria Bulletin

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