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Friday, 30 October 2015

BVN--26m 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.

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