Over 15 million accounts unlinked to BVN:

Two days after the deadline for compliance with the Bank Verification Number (BVN), customers of the financial institutions remain unsettled, as about 15 million remained unlinked to their respective accounts.

According to the Nigeria Interbank Settlement System (NIBSS), about 14.4 million accounts have only been linked among over 50 million active accounts in the industry.

Meanwhile, there were indications that some highly placed individuals from the political and civil service arena have evaded the BVN scheme, which was promoted to uniquely identify account holders by biometrics and facial marks.

The abandonment was aimed at avoiding probable investigations into their sources of wealth, which at present is enormous within the banking system, even as access to the fund now has become a risky venture.

But yesterday marked another day of lamentations, with some banks’ customers baring fangs over the lack of connectivity after they had long gone through the process of completing the BVN registration.

The Guardian investigation around Oshodi area of Lagos State yesterday also showed that many customers were stuck in banking halls, with long queues to rectify the issues, while others are just filling their forms to link their accounts.

One of the customers told The Guardian that he linked the account two weeks ago, wandering why he still could not access his account up till now.

A statement from CBN, signed by the Director Communications, Alhaji Ibrahim Mu’azu read: “While it can be said that some substantial efforts have been made in terms of enrollment and successes recorded, what is left therefore, is for the remaining account holders to get their accounts linked to BVN.

“The point needs to be stressed here that it is not enough to just enroll for BVN. The process is duly concluded only when all accounts owned by bank customers are linked to their respective BVNs.”


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