BVN registration continues- CBN

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Central Bank of Nigeria has said Biometric Verification Number (BVN)
of Deposit Money Banks (DBMs) is a continuous process following
customers’ complaints of denied access to their accounts.

In a circular signed by Director, Corporate Communications, Ibrahim
Mu’azu, the apex banking regulatory body explained that, “the time
frame given for the initial enrolment had lapsed, customers who are
yet to register are required to do so in order to avoid restrictions
on their accounts.”

According to him, “All banks have been directed to ensure
uninterrupted enrolment of customers on the BVN platform. Account
holders who are yet to obtain their BVN are enjoined to visit their
banks and do the registration.

“There are two steps to the BVN process. The first step is to obtain a
BVN, while the second step requires the account holder to link the BVN
with his or her bank account(s).

“An individual can enroll for a BVN without necessarily having an
existing bank account. Such individual can then submit the acquired
BVN at any bank he/she wishes to open an account.

“Linking BVN to bank accounts is now a one-stop-shop which enables
account holders to register and link their BVN to their accounts in
one location irrespective of the banks in which they have their
accounts. All these are aimed at making the process as seamless as
possible.

He added that, “The BVN is neither a payment instrument nor an account
number and therefore cannot be used to access any account by
unauthorized users.”

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