Tuesday, June 30, 2015

SAD!: Nigeria CBN rules out #BVN deadline extension without Considering Nigerians in diaspora

Image result for Nigeria CBN rules out BVN deadline extension without Considering The citizens diasporaImage result for Nigeria CBN rules out BVN deadline extension without Considering The citizens diaspora

Customers on Monday besieged various banking halls in Lagos, Abuja and other cities for their biometric registration in order to get their unique Bank Verification Numbers 48 hours to the deadline for them to do so.
As of Monday afternoon, long queues of customers seeking to obtain their BVN were still seen in several bank branches across the state.
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About 14.6 million bank customers will be denied access to......
certain banking services beginning from Wednesday if the Central Bank of Nigeria goes ahead to end the registration exercise today (Tuesday).
As of last week, only 14 million bank customers had registered for the exercise.
Going by the current statistics from the Enhancing Financial Innovation and Access, an organisation committed to deepening financial inclusion in Nigeria, only about 28.6 million adults in the country have bank accounts
However, the CBN said on Monday that it would not extend the June 30 deadline set for the completion of the registration of bank customers.
The Director, Corporate Communications, CBN, Mr. Ibrahim Mu’azu, told our correspondent in a telephone interview that the bank would not extend the deadline because enough time had been given to members of the public to get registered.
As a result, he said effective Wednesday (tomorrow), banks would begin to deny some specific banking services to customers who lacked the BVN.

Mu’azu said, For customers who fail to register before the deadline on June 30 (today), they will not be able to enjoy some banking services, including access to loans and Internet banking services until they are able to get registered.

The CBN spokesperson reiterated that although unregistered customers would still have access to their bank accounts, they would be denied other services.
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However, the most ridiculous and unfortunate thing is that the CBN has not come out to explain to the general public how this process will accommodate other Nigerians Living abroad, the Sick bed-ridden or handicap persons that cannot be able to register at this moment beats ones imagination. The BVN exercise is a welcome development but the way it's been handle by the CBN without recourse and respect to other bank customers/legitimate citizens who for some reasons are not available to participate in this exercise is Such a shame!

Share you thoughts....thanks!

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