News from South Africa says Nigerians in South Africa can now get their the Bank Verification Number (BVN) exercise done in the country.
Nigeria’s Consul General in South Africa, Ambassador Uche Ajulu-Okeke, said on Sunday that the Central Bank of Nigeria has approved a centre to conduct the exercise. The centre is said to be in Johannesburg and it shares the same building with the new passport and visa processing centre in South Africa for Nigerians.
She said the bank approved that the centre, should carry out the exercise to enable Nigerians in South Africa with Nigerian Bank accounts be captured for the BVN.
The Nigeria Immigration Service has also just set up the new passport and visa processing centre and has engaged a company, OIS Services, to process passport and visa. This is to eradicate the difficulties faced by Nigerians who do not have credit cards and who cannot pay for passport and visa services and to avoid being fleeced by ‘agents’. The NIS has set up similar passport centres in London, Beijing, New Delhi, Dubai, New York.
The BVN gives each Bank customer a unique identity across the Nigerian Banking industry that can be used for easy identification and verification at Point of Banking operations.
This exercise was introduced to address existing challenges with identity management and protect accounts from unauthorized access by capturing essential Biometrics of each customer.