BVN: Customers Relax Over Extension Of Exercise In Warri

THE mammoth crowd that besieged banks in Warri in the last few days over Bank Verification Number (BVN) registration has reduced.
NAN correspondents, who visited some banks in Warri metropolis observed a drastic reduction in the number of customers waiting to be registered.
This new twist might not be unconnected with the extension of the exercise by the Central Bank of Nigeria (CBN).
The CBN had on Tuesday, announced the extension of the BVN registration till October 31, 2015 to accommodate all bank users.
A customer in one of the ECO Bank branches, Miss Ufuoma Peter, decried low publicity on the BVN policy.
She said she got to know of the exercise last week from her father.
“The information was not spread enough, I was not aware of the exercise until last week when my father asked of my BVN.
“I have been coming since Friday for the exercise but the crowd is too much.
“However, I commend the CBN for the extension, it will enable me to get registered’’, she said.
Mr. Henry Nnebuo, a customer with the First Bank, said network fluctuation slow down the exercise sometimes.
“I have been coming since Monday to register but I could not because of network challenges and the crowd.
“The BVN registration extension is good because it will enable people to register at their pace.
“However, it would have been better if CBN had extended it till December to enable workers to register’’, he said.
Similarly, Mr. James Amiandamen, customer with the Diamond Bank said he had lost many man-hours for the registration since last week.
He added that he was not aware of the exercise until recently.
“I have been at the gate of the bank since 6 a.m. and I met some people too with the BVN forms’’, he said.
Chairman, Capacity Building and Certification, Chartered Institute of Bankers of Nigeria (CIBN), Mr. Deji Olanrewaju, urged banks to do more advocacy on BVN within the period of extension.
Olanrewaju, member of the Governing Council of CIBN, told NAN that awareness on the BVN policy was low; adding that it made the level of participation unimpressive.
“Banks should have done more public awareness before now; the level of information was low.
“If you look at history, poor advocacy has always been the trend in the country. We don’t educate people on the benefits of policies.
“With this extension, more awareness should be put in place, the BVN registration is good because it will help to reduce crime rates in the financial sector’’, he said.