32 Million Bank Customers Yet To Register For BVN | WakaWaka Reporters

32 Million Bank Customers Yet To Register For BVN

About 32 million of bank customers are yet to register and obtain their Bank Verification Numbers (BVN), less than five weeks to the October 31 deadline.

According to the latest data from the Central Bank of Nigeria (CBN) and the Nigerian Inter-Bank Settlement System (NIBSS) on Sunday, out of about 52 million active accounts owned by adults and children in various banks, the total enrollment for the BVN stood at about 20 million.

According to the statistics, out of the 20 million registered bank customers, only about 14 million accounts have been linked to the BVN as of September 2015.

The BVN scheme was introduced by the Apex bank in collaboration with the bankers’ committee on February 14, 2014.

This is aimed at ensuring a unique identity for every bank customer and other users of financial services in the country, through the use of customers’ bio-metrics as a means of identification.