The Central Bank of Nigeria in collaboration with stakeholders in the banking industry has unveiled guidelines for the enrolment of Nigerian bank customers in diaspora.
The locations are London, Leicester, New York, Atlanta, Washington DC, Houston, Johannesburg, Beijing, Shanghai, Guangzhou, Dubai and New Delhi.
CBN emphasised that remote locations with lower concentration of Nigerians would be accommodated through scheduled sessions over defined periods.
In a circular signed by the Director, Banking and Payment System, CBN, Mr. Dipo Fatokun, CBN stated that “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 the customers. Thereafter, the customers are expected to forward the assigned BVN to their banks, for linkage with 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 the Nigerian Interbank Settlement System (NIBSS) to all those enrolled abroad.”
The second option is the use of a company, known as the Online Integrated Solution (OIS).
CBN said “The customer may approach OIS for BVN, where the communication from NIBSS is not received within 48 hours after the enrolment. Thereafter, Nigerian bank customers in the diaspora are expected to forward their BVN to their banks for linkage with their accounts as in option one above.”