As from today July 1, restrictions wil be placed on the accounts of bank customers who haven’t registered for the BVN.
The deadline for theBank Verification Number (BVN)registration in Nigeria ended yesterday,June 30,2015.
As from today July 1, restrictions wil be placed on the accounts of bank customers who haven’t registered for theBVN.
Here are 7 things you should know about the BVN:
1. The BVN is an initiative of the Central Bank of Nigeria (CBN).
2. It was launched in February 2014.
3. It is a unique number that enables one person to av a single identity in the banking system
4. It is aimed at protecting bank customers from identity theft.
5. It wil serve the purpose of strengthening the Nigerian banking system.
6. A customer is only expected to register at one bank, irrespective of the number of accounts he has.
7. Customers wil stil be able to access cash after the BVN deadline ends but online transactions wil be restricted
The deadline for theBank Verification Number (BVN)registration in Nigeria ended yesterday,June 30,2015.
As from today July 1, restrictions wil be placed on the accounts of bank customers who haven’t registered for theBVN.
Here are 7 things you should know about the BVN:
1. The BVN is an initiative of the Central Bank of Nigeria (CBN).
2. It was launched in February 2014.
3. It is a unique number that enables one person to av a single identity in the banking system
4. It is aimed at protecting bank customers from identity theft.
5. It wil serve the purpose of strengthening the Nigerian banking system.
6. A customer is only expected to register at one bank, irrespective of the number of accounts he has.
7. Customers wil stil be able to access cash after the BVN deadline ends but online transactions wil be restricted
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