Nigerians; See 3 Implications of Not Participating in BVN Registration Exercise

According to Ibrahim Muazu who is the director, corporate communications department, CentralBank of Nigeria, yesterday said the Bank Verification Number exercise, scheduled to end today, will not be extended. 

According to him, without BVN one will still have access to his cash, he said. 

He also listed the implications of not enrolling for the exercise.

1. Services/facilities (internet/mobile banking, loans etc) will have some restrictions
2. Transactions valued at N100,000,000.00 (One hundred million Naira) and above will only be allowed for customers with BVN 
3. Loan applications will be rejected