Home » Headline » CBN releases BVN guidelines for Diasporeans, insists on £30 payment
CBN releases BVN guidelines for Diasporeans, insists on £30 payment
CBN Governor, Godwin Emefiele

CBN releases BVN guidelines for Diasporeans, insists on £30 payment

As part of its efforts towards the full implementation of the BVN Project, CBN, in collaboration with key stakeholder in the Nigeria banking industry, has finalised the guideline for the enrolment of the Nigerian bank’s customers in diaspora.
According to Dipo Fatokun, Director, Banking and Payment Systems Directorate of CBN, Nigerian banks ‘customers in diaspora could present themselves for enrolment for the BVN, without travelling to Nigeria, through the following ways:

  1. Use of Foreign Based Nigerian Banks

The first option is for the customers of Nigerian banks to present themselves to the offshore branches/subsidiaries of any Nigerian Deposit Money Bank (where such facilities have been made available) for the enrolment for the BVN.  The deployment of scanners and other devices to these locations have started in earnest.
Nigerian banks abroad are expected to capture necessary data , generate a BVN and communicate same to customers. Thereafter, the customers are expected to forward the assigned BVN to their banks for linkage to their accounts. A web portal to achieve this linkage to bank accounts has been developed and deployed, while the process of such linkage will be made available by NIBSS to all those enrolled abroad.
All Deposit Money Banks (DMBs)with branches/subsidiaries abroad, are by this Circular enjoyed to work with NIBSS to ensure a seamless implementation of this option.

  1. Use of Consultant-Online Integrated Solution(OIS)

The above mentioned company has been engaged to establish stations for data capture and generation of BVN at a fee of GBP 30(thirty pounds or its equivalent)per transaction, payable by the customer.
The company is expected to capture necessary data for online transmission to NIBSS who would thereafter generate the BVN and communicate same to the customer.
The customer may approach OIS for the BVN, where the communication from NIBSS is not received within 48 hours after the enrolment.
Thereafter, Nigerian Banks Customers in Diasporas are expected to forward their BVN to their banks for linkage with their accounts as in option 1 above.

The plan is to rollout this operation in the twelve (12) locations in the first phase. These locationsare; London, Leicester, NewYork, Atlanta, WashingtonDC, Houston, Johannesburg, Beijing, Shanghai, Guangzhou, Dubaiand New Delhi.
The second phase will include locations with a high demand for services, based on online feedback, while remote locations with lower concentrations of
Nigerian will be accommodated through scheduled sessions for defined periods.
The address of the enrolment centres for phase 1 and possible Go-Live dates are as stated below:

For updates on the go-lives dates, please visit the following websites: www.nibss-plc.com.ng or www.bvn.com.ng.
Please note that information on other enrolment centres not listed above will be communicated soon.
All customers intending to register through Online Integrated Solutions (OIS) must first book and confirm an appointment at www.oisservices.com in order for them to be attended to at the OIS offices.

 

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