BVN registration continues- CBN, NIBSS

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 Managing Director of the Nigerian Inter-Bank Settlement System (NIBSS) Mr Ade Shonubi  told Daily Trust 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.

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.

Daily Trust

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