Nigerians in Diaspora that have Nigerian bank accounts and are
yet to do their Bank Verification Numbers BVN registration can
now do so without leaving their resident country as the Central
Bank of Nigeria has made two options available for them to
conveniently do the registrations.

According to circular dated August 18th and signed by the
CBN's Director of Banking and Payment System, Dipo Fatokun,
Nigerian bank customers in the diaspora can do their
registration via option one; present themselves to the offshore
branches/subsidiaries of any Nigerian bank (where such
facilities have been made available), for the BVN enrollment.

“The deployment of scanners and other devices to these
locations have started in earnest. Nigerian banks abroad are
expected to capture necessary data, generate a BVN and
communicate same to the customers. Thereafter, the customers
are expected to forward the assigned BVN to their banks, for
linkage with their accounts.

A web portal to achieve this linkage to bank accounts has been
developed and deployed, while the process of such linkage will
be made available by the Nigerian Interbank Settlement System
(NIBSS) to all those enrolled abroad,” the circular stated The
second option is through the use of an company known as the
Online Integrated Solution (OIS).

The company will establish stations for data capture and
generation of BVN at the cost of £30 per transaction which is to
be paid by the customer. The company is expected to capture
necessary data for online transmission to the NIBSS, who would
thereafter, generate the BVN and communicate same to the
customer.

“The customer may approach OIS for BVN, where the
communication from NIBSS is not received within 48 hours after
the enrolment. Thereafter, Nigerian bank customers in the
diaspora are expected to forward their BVN to their banks for
linkage with their accounts as in option one above,” it
explained.

The Bank Verification Number registration exercise in Nigeria
has been extended to October 31st.