As the June, 2015 deadline for bank customers to get their Bank Verification Number (BVN) draws closer, customers are in the last minutes rush to enrol on the exercise.
The BVN was launched last year February by the apex bank, the Central Bank of Nigeria as part of its cashless policy to capture customers’ data and check fraud in the banking system.
The BVN launched by the former CBN governor, Mallam Sanusi Lamido Sanusi is targeted at creating a stronger Know Your Customer (KYC) for banks, to strengthen the various security platforms and also facilitate increased lending to customers.
It would be recalled that the BVN enrolment was commissioned by the Bankers Committee as part of its financial inclusion strategies.
Accordingly, the BVN gives each bank customer unique identity across the Nigerian banking industry that can be used for.....
easy identification and verification at point of banking operation.
The exercise includes getting bank customers biometrics, with the use of fingerprints, and facial image, after which each customer will be given a bank verification number.‘
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