Skip to main content

CBN: The Whole Truth About BVN

                       picture credit: Barr. Odirachukwumma Stanley Emejulu ... you can follow him up on his facebook page (LEGAL Aide) for all the legal questions you want to ask

The deadline for BVN registration has been extended. check the new date here

(WHAT CBN SAID

Contrary to the claims by Deposit Money Banks (DMB) that there would be total restriction on accounts without Bank Verification Number (BVN), after the deadline today, the Central Bank of Nigeria (CBN) has clarified that account holders can still have access to cash transactions while the e-banking transactions would be restricted.

Therefore, the essence of the BVN registration is to protect all e-banking transactions from fraudulent attacks. There had been claims that 62 million bank accounts may face restriction for failure to register. Reacting to this, Ibrahim Muazu, director, corporate communications department, CBN, said this was an exaggeration. “A person requires only one BVN linked to all his accounts in any number of banks”, he said in chat with BusinessDay.
“Without BVN, you still have access to your cash but services/facilities (internet/mobile banking, loans etc) will have some restrictions”, Muazu said further.

Check out the healthiest ways to boost your sexual performance

- credit: BUSINESSDAY

Labels:

Comments

Post a Comment

Popular posts from this blog

How to use 'many a' and 'a great deal of' in a sentence. How to pronounce 'impasse'

Good morning KIB  earthlings. Lets get down to brass tacks. Let's look at the use of verbs. Yesterday someone brought a statement to me and enquired if it were correct. 'many a fellow knows the truth' Many a driver ploughs this road daily' 'Many a teacher doesn't know how to  English'. All these sentences are correct. According to Oxford dictionary, Many a: ( formal: always used with a singular noun and a singular verb) means a large number of something. E.g many a young person has experimented with drugs.   So,  don't pluralise anything in the sentence because there is an 'A' already. 'Many a teachers like to flog their students ' is wrong. 'A great deal' How do you use 'a great deal'? A great deal takes a singular verb. E.g A great deal of bananas is planted in the north. 'A great deal' takes a singular verb.  Finally,  the pronunciation of impasse is /'ampa:s/ Not (impas) It's not Enem...
11 comments
Read more

Is it 'off head', 'off hand' 'off pat' or 'by heart'?

I love all the new students in my class. You guys are awesome by the way. 😀😀 Today. I want to give you a better expression for saying that 'you know something very well'. #Offhead? There is nothing like offhead. 'I know it off head' is wrong. #Offhand? What does offhand mean? It mean without previous thought or consideration. Just like saying 'on the spur of moment' , 'immediately', 'spontaneously'. So, do you just know something offhand? No...not at all. You can say something offhand, do anything offhand but then it seems weird to say ' I know the answer offhand'. It is normal 'to say the answer offhand'. Do you get my drift? People don't know anything spontaneously, rather, they  say what they already know, spontaneously. Now to the final expression #HaveSomethingOffPat? It means to know something or be able to do something perfectly; be perfect master of something . So rather tha...
6 comments
Read more