DIASPORA BANK CUSTOMERS' BVN REOPENED.

The Central Bank of Nigeria has reopened the registration of bank customers in the diaspora for bank verification number (BVN).

According to public notice signed by Dipo Fajokun, Director, Banking and payment department, such customers can now continue to be registered up to December 31, this year.

The registration process for them had been closed by June this year.

The guidelines for their registration had been released in August last year with deadline then fixed for January 31, 2016.

This was later extended to June because only a few successfully registered. In fact, in view of logistical challenges, a new consultant was signed on to bring the number involved to three.

But, unfortunately, says the CBN, even though registration picked up at last, so many still remained unregistered by last June.
"Consequently" CBN said, "to ensure that all Nigerian bank customers in diaspora are enrolled...the enrollment... (is) hereby reopened for the next five months..."

In other words, it explained, " all Nigerian bank customers in diaspora should have the BVN attached to their accounts" by January 1, 2017 and  "..any without the BVN will be deemed to have inadequate kyc (know your customer) and such account will be operated as a no customer initiated debit until the account holder obtains and attaches a BVN to the account".

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