|Dr Lekan Are|
The Chairman of Kakanfo Inn and Conference Centre, Ibadan, Dr. Lekan Are, has said the October 31, 2015 deadline for bank customers to obtain the Bank Verification Number is not feasible.
He said only about 40 per cent of bank customers in Nigeria had so far been captured in the BVN registration, less than a month to the expiration of the deadline.
According to him, if the Central Bank of Nigeria must enforce the BVN, it should be a.....continuous or an open-ended registration.
He said the BVN was an unnecessary burden on individuals, firms and other entities operating bank accounts, and warned that it could create liquidity problems for the financial institutions.
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