BREAKING NEWS

Metro

World

Spiritual

5 Aug 2017

No More Withdrawals From Jan 1, CBN Declares

The Central Bank of Nigeria says from January 1, customers of microfinance banks and other financial institutions (OFIs) without the bank verification number (BVN) will be unable to make withdrawals from their accounts.
In a statement on Friday, the apex bank announced an extension in the deadline for the verification, which was initially set for July 31.

“As you are aware, the deadline expired on July 31, 2017, and consequently several OFIs are in breach of this regulatory directive,” the statement read.

According to the statement signed by Tokunbo Martins, director, other financial institutions supervision department, the apex bank extended the deadline after appeals from various bodies.

In March, Kemi Adeosun, minister of finance had written to Godwin Emefiele, CBN governor, requesting that the BVN registration exercise be extended to microfinance banks.

“We have already commenced a review of such cases to identify and investigate cases of fraud,” she had said.

“We know that extending the requirement for BVN to microfinance banks may put a huge financial strain on the smaller microfinance banks; but some such as National Police Force microfinance (NPF), have over 27,000 salary accounts.

“Our inability to perform checks on such a large number of salary earners is a key risk.

“This will support the federal government’s efforts at reducing leakages to create headroom for the capital projects that will support the growth of the economy.”

PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

How I Made Me =N=2.5 MILLION In 7 Days from 2 Common Product I Imported and how you can do the same. Click HERE FOR FREE Details right now

Warning To Men: This 3 Foods Is Killing Your Erection. Click Here To Know Them

REVEALED!! Reduce Your Blood Sugar Level And Reverse Diabetics Within A Short Period Of Time. Click Here To See How

Warning: Got Arthritis? 3 Simple Ways To Get Cured And Be Permanently Free From Joint Pains. Click Here To See Them

Secret Fruits that increased my Manhood and makes me last 55 minutes+ all time - Click here to get it

MIDNIGHT,Pressed Mr Kilanko Suddenly Couldn't Urinate. Shrink your Enlarged Prostrate Here! Click Here Now

Loading...

SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO

RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU

CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE

CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE

CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE

FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE

RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF

Post a Comment

 
Copyright © 2015 247 Nigeria News Update
Website by Tech Guardian