The Central Bank of Nigeria
says it has finalised the guidelines for Nigerians in the Diaspora to enroll
for the Bank Verification Number. The Director, Banking and
Payment System Department, CBN, Mr. Dipo Fatokun, said this in a statement made
available to newsmen on Wednesday in Abuja.
The central bank said it
provided the guidelines to enable Nigerian bank customers living outside the
country to register for the BVN without having to travel back home, the News
Agency of Nigeria reported.
It said the measure was part
of the efforts by the CBN to fully implement the BVN project. It stated the registration
pattern included the use of foreign-based Nigerian banks and a consultant
called Online Integrated Solution.
On the use of foreign-based
Nigerian banks, it required the customers to go to the bank where their bio
data would be taken, the BVN generated and communicated to their various banks. On the second option,
involving the use of a consultant, the CBN said it would require the customer
to pay an equivalent of 30 pounds to the OIS.
The statement read, “`The
company is expected to capture necessary data for online transmission to the
Nigeria Inter-Bank Settlement System, which would thereafter generate the BVN
and communicate same to the customer. “The customer may approach
OIS for the BVN, where the communication from the NIBSS is not received within
48 hours after the enrollment.
“Thereafter, Nigerian banks’
customers in the Diaspora are expected to forward their BVN to their banks for
linkage with their accounts.” The statement explained that
the plan for the use of a consultant would roll out in 12 locations in the
first phase. It named the locations to
include London, Leicester, New York, Atlanta, Washington DC, Houston,
Johannesburg, Beijing, Shanghai, Guangzhou, Dubai and New Delhi.
It said the second phase
would include locations with a high demand for service based on line feedback.
source: businessnews
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