Nigerians In UK Pay N10, 000 To Enroll for BVN

Though the BVN registration in Nigeria is free but Nigerians living in London have had to part with N10, 000 to enrol on the exercise. Nigerians in London, United Kingdom, have expressed frustration on Friday over the compulsory payment of £30 (about N10, 000) for the registration of the Bank Verification Number, as directed by the Central Bank of Nigeria. Apparently sad over their plight, some of them during the week stormed the Nigeria High Commission in London to protest against
the directive of the apex bank. Others took to the social media to vent their anger, The CBN had recently extended the deadline for the BVN registration from June 30 to October 31, 2015 as disclosed in a circular issued to all deposit money banks operating in the country. The Director, Banking and Payment Systems Department of the CBN, Mr. Dipo Fatokun, said the extension became imperative in order to give bank customers more time to participate in the enrolment exercise. The circular had read in part, “It has come to our notice that the BVN registration has elicited tremendous interest from the Nigerian banks’ customers who crowded the banking halls in order to beat the deadline. “Furthermore, there is the need to give Nigerian banks’ customers in the Diaspora ample time to enrol on the programme. The guideline for their enrolment is being finalised and will be released soon.
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