Jumping, Jumping For Not Miss Out

BVN Deadline: 26 Million Bank Accounts To Be Frozen 

Barely 24 hours to the deadline for Bank Verification Number,
BVN, less than half of the 52 million bank customers have been
registered, a development that may have caused discomfort in
the banking industry.
Central Bank of Nigeria, CBN, had said no extension would be
made while non-registered bank customers would be barred
from accessing their money or any transaction in their account
after tomorrow.

About 26 million bank customers would be affected by the shut-
out. An official of the apex bank told Vanguard yesterday that the
registration window would still be opened after tomorrow, but
unregistered customers would not be allowed access to their accounts. The official, who claimed that the exact figures of registered bank customers would not be ready until next week, however
lamented that “less than half of total bank customers have been
captured as at Monday this week.
“Field reports show that there has been increased surge in the
number of registrations per day since last week, but it is clear
that we may not exceed 50 percent by the deadline.”

Managing Director, Ecobank Nigeria Plc, Jibril Aku, had said last
month that bank customers who fail to meet the October 31
deadline to enroll on the BVN network will have their accounts frozen.
Aku, who spoke at the end of the 324th meeting of the bankers’
committee in Lagos, said there was no going back on the new
deadline set by CBN for customers to obtain their BVN.