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 beenregistered, a development that may have caused discomfort inthe banking industry.Central Bank of Nigeria, CBN, had said no extension would bemade while non-registered bank customers would be barredfrom accessing their money or any transaction in their accountafter tomorrow.About 26 million bank customers would be affected by the shut-out. An official of the apex bank told Vanguard yesterday that theregistration window would still be opened after tomorrow, butunregistered 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, howeverlamented that 'less than half of total bank customers have beencaptured as at Monday this week.'Field reports show that there has been increased surge in thenumber of registrations per day since last week, but it is clearthat we may not exceed 50 percent by the deadline.'Managing Director, Ecobank Nigeria Plc, Jibril Aku, had said lastmonth that bank customers who fail to meet the October 31deadline 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 newdeadline set by CBN for customers to obtain their BVN.http://www.vanguardngr.com/2015/10/bvn-deadline-26m-bank-accounts-to-be-frozen/
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