BANK VERIFICATION NUMBER BVN AND THE QUEUE IN NGERIAN BANKS - THE BEST INFORMATION BLOG (T.B.I.B)

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Tuesday, June 30, 2015

BANK VERIFICATION NUMBER BVN AND THE QUEUE IN NGERIAN BANKS

BANK VERIFICATION NUMBER BVN AND THE STATE OF THE NIGERIAN BANKS.


Ever since the announcement of the deadline for the bank verification number of individual and business outifit account registration in Nigerian banks by the Central bank of Nigeria, it has been a ratrace and a reason for sleepless night for every Nigerian who has a bank account with the various banks in Nigeria
BVN
Customers at UBA abuja campus, Uniport queuing up for the BVN registration
 





I took the time and liberty to go to the various banks around my place and was really shocked at the way people queue up infront or inside the bank environment to register for this exercise. The good side of it is that it has been announced for over 6 months now with its severity coming to the LIGHT with each passing day.
bank verification number
Bank Verification Number



The bad part of it is that soo many Nigerians did not adhere to these instructions as they felt less concerned and went about their duty. The statistics provided by Central bank shows that over 14.6million accounts could go dormant after the deadline which is Today 30 june, 2015.

bvn accessbankpls
Student of the University of portharcourt queuing for their bvn@ accessbank Abuja Campus

I took pictures of the various banks i went to and the queue that was formed in each of them. I even spent time talking to some of the bank account owners. 
Some were scared that their money in the account will become dormant while others were confident that nothing would happen even after the deadline. Some feel This bank Verification Number issue is the same with the MTN sim registration which left most Nigerians running around for registration and even ripped of their money for the registration. Some have even emptied their account because of this pending threat of dormancy but still queue up for registration with the thought that they are safe no matter what happens.lol.



I appeal to the Federal Government and the Central bank of Nigeria to extended the deadline for the bank verification number registrations to enable many Nigerians register their accounts as so many have been queuing in banks for 2days now to no avail because the number of people keep increasing every day and the labor force of some banks will not be able to attend to them before the bank closing hour even if it gets extended.

WHY YOU NEED TO REGISTER FOR THE BANK VERIFICATION NUMBER AT YOUR BANK

So many Nigerians do not see the reasons for the Bank Verification Number probably because they have not been enlightened on the need for it or they just blatantly dont want to understand. 
1. Your bank Verification number is your personal account verification number as a registration to the central bank
2. Your bank verification number is the number that allows you to carry out any transaction ranging from withdrawal, transfers of funds, balance acquisition online transactions and so on. 
3. Incase of fraud or cyber crime, your verification number holds your account details and prevents people from accessing your account, thus toughening the security of your account
bank verification number in uniport
entrance to uba abuja branch, uniport 

4.The BVN is an initiative of the Central Bank of Nigeria (CBN)
5.It was launched in February 2014
6. It is a unique number that enables one person to have a single identity in the banking system 
7.It is aimed at protecting bank customers from identity theft. 
8.It wills serve the purpose of strengthening the Nigerian banking system
9.A customer is only expected to register at one bank, irrespective of the number of accounts he has. 

Customers will still be able to pay in after the BVN deadline ends but online transactions and withdrawals will be restricted.


I believe this should be enough for  Nigerians to register their account. Please pass this information around on facebook and any other social media by copying the link using #1 on your opera browser or simply using the share button below. 

Just so you all know, before i left the bank, i got the information that the deadline for BVN registration has been extended so there is no excuse whatsoever for you not to register now

==========MORE PICTURES OF THE BANK VERIFICATION NUMBER BVN QUEUE=========== 

culled form pulse.ng
 
queue @uba abuja campus

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