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Bank Verification Number: 14.6 million Nigerians to loose their bank accounts after June 30

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Nigerians and last minute rush.
Customers besiege banks throughout Nigeria to have their accounts verified ahead of the June 30 deadline.

Following a no no to any extension of the exercise by the Bankers’ Committee of the Central Bank of Nigeria, 14.6 million bank customers will cease to gain access to their accounts from Wednesday, July 1st having failed to obtain their Bank Verification Number BVN.

As at June 11, the Bankers’ Committee,  gave a report that only 14 million customers had been registered under the BVN project out of 28.6 million adult account holders.

Any extensions?

The Managing Director, United Bank for Africa Plc, Mr. Phillips Oduoza, while speaking after the Bankers’ Committee meeting in Abuja said that customers who failed to participate in the Bank Verification exercise will not be able to enjoy banking services after the deadline.
Oduoza said;

We also discussed the electronic banking space. In the area of BVN, we have done 12.5 million customers and this is a substantial mileage.
“There is still a need to close the gap before the deadline of June 30 and any customer that hasn’t done so will not enjoy banking services.
“So, we are urging customers to enrol so that they will continue to enjoy unhindered banking services.”

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