CBN extends BVN enrolment for MfBs, others to Dec 31

The Central Bank of Nigeria, CBN, has extended the Bank Verification Number enrolment for Other Financial Institutions customers which includes MfBs to December 31, 2017. Also, the apex bank said that with effect from January 1, 2018, all customers without BVN linked to their account should no longer be entitled to debit operations. Director, Other Financial Institutions Supervision Department, Mrs. Tokunbo Martins, announced the extension in a statement issued last week, saying the apex bank extended the deadline after appeals from various bodies.