CBN Extends BVN Registration for Nigerian Banks Customers in Diaspora to 30th of June.

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The Central Bank of Nigeria CBN has extended the BVN enrollment for Nigerian Banks customers in diaspora to 30th of June 2016.
According to the circular issued by the Apex bank and signed by the director of Banking and Payments system, Dipo Fatokun, the extension was necessary to give Nigerians in diaspora the opportunity to have access to more registration centres.

It will be recalled that as part of the bank’s efforts to ensure full implementation of the BVN project earlier on, the deadline for the registration and linkage of BVN to accounts of Nigeria Banks’ customers in diaspora was extended to 31st of January 2016.

The bank said that it has observed through recent survey the low percentage of registration of Nigerian Banks’ customers in diaspora, which may be attributed to lack of accessibility to registration centres and unavailability of registration centres in some cities where Nigerian population is high.

The circular also requested all the Deposit Money Banks (DMBs) to note that BVN enrollment for Nigerian Banks customers in diaspora has been extended to 30th of June 2016 to enable such customers complete the enrollment and link the BVM to their bank accounts adding that plans are on to deploy more registration centres for locations with high Nigerian Population and therefore enjoined all Nigeria Banks customers in diaspora to seize the opportunity of this new extension to register and link their BVN to their bank accounts.


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