BVN Deadline: 26m Bank Accounts To Be Frozen


The Central Bank of Nigeria, has declared that no extension would be granted to customers after the deadline expires and defaulters will have no access to their money or any transaction in their account.

According to CBN, that the registration window will still be open after tomorrow, but unregistered customers will not be granted access to their accounts.

Vanguard reports, a source from CBN claimed that they are working on producing the exact figure of registered bank customers, but it would not be ready until next week.

He said:

“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 said:

“There will be no extension of the October 31deadline. All efforts have been made by the committee, CBN and Nigeria Interbank Settlement System for bank customers to obtain their BVN.

“The customers, who fail to meet the deadline will not be able to operate their accounts until they comply.”

This news leaves less than 1 day to the deadline for Bank Verification Number, BVN, and about 26 million account holders still haven’t  registered to protect their money.

About The Author

A graduate of UNN, from the dept of Foreign languages and literary studies. Chioma is passionate about ensuring that you get the latest information on events going on in the world, as they occur, uncut.

Related posts

%d bloggers like this: