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Banks to demand for BVN before basic customer services
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Banks to demand for BVN before basic customer services

Iyene Etim

Banks will demand for the Bank Verification Numbers from their customers before providing basic banking services from Monday.
Following Saturday’s expiration of the October 31, 2015 deadline set by the Central Bank of Nigeria for all bank customers to obtain their BVN, Managing Director of The Nigeria Interbank Settlement System Plc, NIBSS, Mr. Ayo Shonubi whose organisation is in charge of the BVN project, said 20.8 million customers had so far registered and obtained their BVN. A number that forecast that about 24.2 million bank accounts have yet to be registered.

CBN insists however that that number may not be as much as stated due to the fact that an average Nigerian owns about two to three bank accounts.