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Discussion in 'Money Talk' started by No Smoking, May 24, 2015.
Abeg when are they getting to Iqaluit....
Sighs, we are not in the first phase o, and i dont see us in the second...you might have to leg it to Washington DC or NYC.
They claim to be serving the areas where there's a large number of Nigerians..... and it's just two of you in Iqaluit
So maybe by 2016
Three of my contacts have confirmed successfully completing the OIS process via the London outlet. All have received their BVNs now.
Some other contacts found reasons to disagree with the process. E.g., they ask: why pay GBP30.00 for something that is done for free in Nigeria?
There is no way to satisfy some folks with their false sense of economics..
I did mine last December, they told me I need to come collect it in June. I could not designate anyone to collect on my behalf.
Let's say there are three stages.
Stage 1: Visit a BVN registration facility for the Form filling and Biometrics to be completed. You leave the facility with a Reference Number.
Stage 2: You get the BVN. This may be via a Txt from CBN, or by visiting or calling your Bank and giving them the Reference Number to enable them trace your BVN.
Stage 3. You get a paper Original of your BVN.
So, at Stage 2, all you need to do is to contact your Bank's Customer Service Department [Phone, e-mail] with the Reference Number, for them to advise you the BVN.
Once you get the BVN from the Bank where the Registration was handled, you can then contact other Banks where you may have other accounts to advise them your BVN for them to update your accounts.
Some new generation Banks have been known to apply the BVN directly to clients account as soon as they (Banks) got the BVN notified by CBN.
I don't know if anyone is rushing for Stage 3, in this digital age.
Collect on your behalf ke...... have you given someone POA or have signed indemnity form?
Anyway....my money is still inside ape, koko(local pot)....pot for now...ehen
Thank you guys - Interesting thread, I have to re-read to fully understand what is going on here as I too have quite a few dormant accounts that I can't even remember in Nigeria. And I'm hoping to visit maybe next year - who knows?
One of the many things Nigeria really got wrong is this clamor for DFI thing. There are probably enough Nigerians in "Diaspora" who would willingly invest millions in the country if the right environment was there. Safety, security, rule of law e.t.c
Many years ago, a friend took out a LOC from his bank here running into hundreds of thousands to buy shares/invest in the Nigerian stock market. Don't want to be negative, but the outcome wasn't good then. Maybe he should have just put the money into fixed deposit in Nigeria, at least that would have been more secure.
Recently a friend mentioned that some Nigerian first generation banks (First Bank specifically ) offer up to 10% interest for domiciliary accounts. I don't know if this is true or not. Does anybody know if this is true?
Also I'm wondering how safe investments in Nigerian banks is for especially for some people who doesn't visit Nigeria regularly.
I did visit the FirstBank website once or twice to see if I could resucitate old accounts of mine without having to go to Nigeria and started the process online but didn't finish it. Now the number of 419 emails I get to "activate my account", especially from people falsely claiming they are from "FirstBank" is unbelievable. That raises a lot of questions in my mind about privacy and security on that website. So I'm wondering what sense it would make to go and fix deposits in Nigeria even though the rates may be purportedly 5 or 6 times what you will get in Canada or the U.S
They insist that the BVN registration will end on October 31, 2015. At this quarter-to-go, they have decided to increase the outlets.
Vanguard Newspaper: Friday October 30, 2015
BVN Deadline: 26m bank accounts to be frozen
Full Report: http://www.vanguardngr.com/2015/10/bvn-deadline-26m-bank-accounts-to-be-frozen/