Lagos Residents Express Delight As CBN Extends BVN Registration

Posted by African Examiner Featured, Latest Headlines, News Tuesday, June 30th, 2015

By Niyi Adeyi – The Central Bank of Nigeria (CBN) has announced postponement of Bank Verification Number (BVN) registration till October 31, 2015.

The apex Bank made the announcement Tuesday, the same day it had earlier announced as deadline for the exercise.

Bank customers since Monday in various parts of Lagos metropolis besieged their branches in a desperate and last minute moves to obtain their BVN pins.

On spot visit by AFRICAN EXAMINER Correspondent to some commercial Bank branches in Ogba, Ojodu, Ojokoro under Ifako Ijaiye, Agege and Ikeja local Council areas of the State, indicated that despite the fact that some customers have processed and collected their BVN pins, yet, teeming population of them are either yet to start the registration or conclude it.

Some customers who spoke with our Correspondent shortly after the announcement expressed delight on the development. An entrepreneur in Ojodu, Mr. Peter Emmanuel told AFRICAN EXAMINER that he was relieved by the postponement, as it was very clear that so many customers could not meet up with the process today (Tuesday).

Our Correspondent gathered that at a point Tuesday, around 1.00pm, a new generation Bank opposite WAEC office in Ogba closed its doors to customers, attributing the action to over congestion in the Banking hall.

Another Bank Customer, Mrs Jibola Ajuwon indicated that she has been frustrated since yesterday as she was not able to get through the process. She pointed out that she was glad about the news as she would now have enough time to do the registration.

Mrs Ajuwon was hopeful that she would finish the registration process before the week runs out, adding that she would encourage others in her shoes to do the same.

BVN registration process has been on for over a year. The technology is among other benefits is to aid easy Bank transactions and check fraudulent transactions in the account of owners. The process involved taking down the account bio-metric data of the account owners.