Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


CBN provides guidelines for Nigerians in the Diaspora to enroll for BVN

20 August 2015, 15:15

Abuja - The Central Bank of Nigeria (CBN) said it had finalised the guidelines for Nigerians in the Diaspora to enroll for the Bank Verification Number (BVN).

This is contained in a statement by Dipo Fatokun, the Director, Banking and Payment System Department of CBN, made available to newsmen on Wednesday in Abuja.

It stated that CBN provided the guidelines to enable Nigerian bank customers living outside the country to register the BVN without having to travel back home.

It said the measure was part of the efforts by the apex bank to fully implement the BVN project.

It stated the registration pattern included the use of foreign based Nigerian banks and an Online Integrated Solution consultant (OIS).

On the use of foreign based Nigerian banks, it required the customers to go to the bank where their bio data would be taken, 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 consultant in the OIS.

Also read: CBN extends BVN registration

"The company is expected to capture necessary data for online transmission to Nigeria Inter-Bank Settlement System (NIBSS), which would thereafter generate the BVN and communicate same to the customer.

"The customer may approach OIS for the BVN, where the communication from 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,’’ it said.

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.

It added that remote locations with lower concentrations of Nigerians would be accommodated through scheduled sessions for defined periods.


Tags cbn nigeria

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...