BVN Deadline: Banks Witness Low Turnout In PH


Even as the Nigerian Inter-bank settlement System Plc (NIBSS) has revealed that about 32 million accounts holders in the country are yet to be captured in the on-going Bank Verification Number (BVN) registration, there is still low turnout of people wishing to register their accounts?
This is compared to the 52 million active accounts of adults in the nation as revealed by the Central bank of Nigeria (CBN) through NIBSS few weeks to the October 31st, 2015 deadline to BVN registration exercise that started February 14th 2015.
CBN has however insisted that there would not be further extension of this registration, as defaulters would be meant to face the consequences of their negligence.
The Apex bank due to the plea of account holders and the crowd witnessed at the different banks during the first deadline in June 30th, 2015, extended the period of registration to October 31st 2015.
The Tide’s visit to the banks last week revealed that customers are either waiting for another rush how or do not want to comply with the BVN directive of CBN.