BVN wahala

Dear readers, We all know the craze for bank verification number has being hyped by everyone especially as the dead line being 30th June 2015 draws closer. Well, yours sincerely got her BVN since January but didn't know I had to visit my other banks where I also have accounts and only got to know when my bank sent me a mail to update my BVN.

Well I decided to take my number to one of my banks only to be greeted by a mamout crowd. I was wowed by the number of people I saw scrambling to get theirs and I wonder why they had to wait this long before doing theirs. Well naija last minute rush mentality I guess.

People where cursing themselves and tempers were rising . One of the persons in the crowd almost cursed me out when I by passed the crowd to meet the bank staff to submit my number. I quickly ran out ooo after filling the form she gave me. Yes ooo I had to rush out before they poured their frustration on me hahahahahaha.

Well for the benefit of those who don't know what BVN is, bank verification number is a step taken  by the central bank of Nigeria to strengthen the security of banking transactions and to ensure that fraudulent transactions are minimized.

It uses biometric technology to register customers in the financial system. The biometric is very helpful to people who cannot read or write as pictures and finger prints would serve the same purpose as signatures. The BVN will help the banking system reduce situations where loan defaulters  patronize more than one bank to obtain loan and their history would be easily known. Culled from vanguard.

Benefits of bank verification number
1. It gives a unique identity that can be verified across banks
2. Customers bank accounts are protected from unauthorized access
3. It would reduce exposure to fraud
4. It would enhance the chances to fish out black listed customers
5. It would reduce queue in banking halls.
Culled BVN.com

So my people if you have not done yours please do before it is too late and for those in diaspora, don't be scared about being cut off from your accounts , liaise with your banks and they would guide you on how to go about yours.  "Yawning , good night "