CBN Begins BVN Registration For Nigerians Abroad

As part of its efforts towards the full implementation of the BVN project, the central Bank of Nigeria, CBN, in collaboration with key stakeholders in the Nigerian banking industry has finalized the guidelines for the enrollment of Nigerian banks’ customers in Diaspora.

The plan is to roll out this operation in 12 locations in the first phase. These locations are Leicester, New York, Atlanta, Washington DC, Houston, Johannesburg, Beijing, Shangai, Ghuanghzou, Dubai and New Deihi. The second phase will include locations with lower concentrations of Nigerians which will be accommodated through schedule sessions for defied periods.

This was contained in a circular obtained from the CBN website yesterday signed by its director of Banking and Payments System Department, Dipo Fatokun, with Ref: BPS/DIR/GEN/05/009 addressed to all deposit money banks and the general public.

The circular, which provided the framework for the enrollment of Nigerian banks’ customers in Diaspora for bank verification number issuance, stated that Nigerian banks customers in Diaspora could present themselves for enrollment for the BVN without travelling to Nigeria.

The CBN advised customers of Nigerian banks to present themselves to the offshore branches/subsidiaries of any Nigerian deposit money bank, where such facilities have been made available for the enrollment for the BVN.

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