The Central Bank of Nigeria has extended the Bank Verification Number registration exercise for Nigerians abroad from January 31 to June 30, 2016. The CBN said the extension would allow Nigerian bank customers in the Diaspora to obtain their BVN and link it with their respective bank accounts.
The CBN had also increased the number of BVN registration centres overseas to allow more bank customers to register, as a recent CBN survey showed that the low percentage of registration of Nigerian bank customers in the 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. Consequently, all the Deposit Money Banks are requested to note that the BVN enrolment for Nigerian bank customers in the Diaspora has been extended to enable such customers to complete the enrolment and link the BVN with their bank accounts. The CBN further said plans were on to deploy more BVN registration centres in locations with high Nigerian population. The central bank had in October last year closed the BVN registration process within the country and directed banks to stop customers without the numbers from carrying out transactions on their accounts.
 

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