FOLLOWING the extension of the deadline for the registration for Bank Verification Number (BVN), the Nigeria Inter-Bank Settlement System, NIBSS, has clarified issues bordering on BVN for Diasporas, saying the 30 pounce levy was the cost of service for the exercise by Online Integrated Solution, OIS.
This is coming on the heels of dissatisfaction expressed by Nigerians living in the UK over the compulsory charge which amounts to N10,000.
“OIS is the one taking the charge and not paying us one kobo. There is nothing that comes to us in any shape, form or manner. We only said they should recover the cost. They have also agreed to go to countries where there is no Nigerian bank like China, India, two or three locations in the US with huge population of Nigerians,” Ade Shonubi, Managing Director, NIBSS, said at a conference in Lagos.
NIBBS also explained that the choice of OIS to drive the Diasporans registration was in consideration of its global reach and previous transactions with Nigeria’s External Affairs Ministry.
“The first thing we considered was legally what can be done and by whom. We did some research to find out who supports the Nigerian embassy in gathering data for visa applications and passport renewal application because by law they are covered and allowed to gather that data and under that premise we can then get them to also help us with the BVN and that is how OIS came into being,” he said.
OIS is currently situated in eight locations; London, Leicester, Dubai, Beijing, Shanghai, New Delhi, Washington and Guangzhou, according to information on its website.
Concerned about the misinformation over the Diasporas’ registration, he said NIBSS would be proactive in information management.
Shonubi disclosed that two deposit money banks including Ecobank and Diamond bank have indicated interest to register their Diaspora customers in response to the clearance by the Central Bank of Nigeria, without breaking the laws of the country.
Consequently, Ecobank would be focusing on the West African region where OIS may not reach on time, while Diamond Bank is targeting its affiliate countries.
He, however, appreciated the development as it presents another opportunity for Nigerians that are living in those areas to register on time, as the banks said the exercise would not attract charges to customers.
The deadline for the BVN registration had been moved to October 31 by the CBN to allow Nigerians in the Diaspora register. However, Shonubi said the NIBSS contract with OSI services extends till the end of the year.

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