Bvn enrolment continues indefinitely cbn
It seems like you're referring to the BVN (Bank Verification Number) enrolment process in Nigeria. BVN is a mandatory requirement for all bank customers in Nigeria, and it's a unique 11-digit number that links all your bank accounts to your identity.
The BVN enrolment process involves visiting a designated bank branch, providing required identification documents, and biometric data (fingerprints and facial recognition). Once enrolled, the BVN number is linked to your bank accounts, and it's used for various purposes, such as:
- Identity verification: BVN helps to verify your identity when conducting transactions or accessing bank services.
- Account linking: BVN links all your bank accounts to your identity, making it easier to manage your finances.
- Anti-money laundering (AML) and combating the financing of terrorism (CFT) efforts: BVN helps to detect and prevent financial crimes.
Regarding the "continues indefinitely" part, it's true that the BVN enrolment process is ongoing, and it's not limited to a specific timeframe. The Central Bank of Nigeria (CBN) has mandated all banks to enroll their customers in the BVN system, and the process is expected to continue until all eligible customers have been enrolled.
In fact, the CBN has set a deadline for the completion of the BVN enrolment process, which is December 31, 2023. However, it's likely that the process will continue beyond this deadline, as new customers may still need to be enrolled, and existing customers may need to update their biometric data.
If you're a Nigerian resident and haven't enrolled for BVN yet, I recommend visiting your bank branch or contacting your bank's customer service to schedule an appointment.