Tuesday, 3 November 2015

BVN: Drama Ensues In OAU Banks Over Account Suspension

By David Adetula

Customers caused a sort drama yesterday at some banks visited by our correspondents in Obafemi Awolowo University over their supposed account suspension on Bank Verification Number (BVN) issues.

The Central Bank of Nigeria (CBN) had earlier directed the freezing of all accounts that has its BVN not done. Bank customers with this directive will not be able to transact using their account if suspended.

At First Bank Plc and Guarantee Trust Bank (GTB) branches in OAU, they were exceptionally crowded with customers who have issues with their accounts. Many customers including staff and students of the institution expressed frustration with the development and blamed the CBN for not properly educating the public on the need for them to link their BVN to all their accounts.

“I was not told I will need to link the BVN to all my bank accounts. I already did it for my account not until I got to know I need to link one to all my accounts. This is very bad!” A customer quipped.

The bank officials who obviously had a busy day containing the unusual huge inflow of customers persuaded the customers not to be infuriated by the development as the BVN registration has been on for a while. Some customers who had to squeeze out time out of their busy schedule could not remain patient as they expressed their anger at intervals to the bank officials.

Just this morning, the Central Bank of Nigeria (CBN) has however announced an extension of the deadline for the BVN registration for those that are yet to do so.

Previous Post
Next Post