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BVN Deadline: 26m bank accounts to be frozen

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With less than 1 day to the deadline for Bank Verification
Number, BVN, about 26 million account holders
still haven't  registered to protect their money.

The Central Bank of Nigeria, CBN, has said no
extension would be granted after the deadline expires
and customers who still haven't registered will have no
access to their money or any transaction in their account.
According to CBN, the registration window will still be
open after tomorrow, but unregistered customers will not
be granted access to their accounts.

According to Vanguard, a CBN Official, who claimed
that the exact figures of registered bank customers would
not be ready until next week said that “less than half of
total bank customers have been captured as at Monday this
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 31
deadline. 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.”

Source:LIB

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