Diaspora Banks’ Customers To Pay £30 For BVN Registration | Independent Newspapers Limited
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Diaspora Banks’ Customers To Pay £30 For BVN Registration

Posted: Jul 27, 2015 at 12:00 am   /   by   /   comments (0)

By Bamidele Ogunwusi,  Lagos

Following the extension of the deadline for the registration for Bank Verification Number (BVN), customers of Nigerian banks living outside the country that are yet to get the BVN will have to spend up to £30 to register between now and the end of the year.

This was made known by the managing director and chief executive of the Nigeria Inter Bank Settlement System (NIBSS) Mr. Ade Shonubi during an interactive session with journalists at the weekend.

Shonubi reveals that this amount which translates to N11,000 will be the cost of service being paid to OSI Services, a consulting company to the Nigerian Ministry of External Affairs that is collating data for BVN on behalf of NIBSS and Nigerian  banks.

He explained that due to the laws in some countries such as the United Kingdom which bars taking of data of its citizens outside the country, it had engaged OSI which currently takes data for the Nigerian government for the purpose of passport renewal.

Although the deadline for the BVN registration had been moved to October 31, 2015 by the CBN to allow Nigerians in diaspora register, Shonubi said NIBSS contract with OSI Services extends till the end of the year.

He, however, noted that Nigerian banks’ customers who wish to register with OSI will have to book an appointment with OSI to be able to register.

He noted that this had become necessary after the London Metropolitan Police had intervened after long queues at the OIS office disrupted traffic.