CENTRAL AARC ORNICERA Shinfweteewe Way aera sane Eas, OTHER FINANCIAL INSTITUTIONS SUPERVISION DEPARTMENT REF: OFISD/DIR/CIR/GEN/018/217 Janvory 2, 2018 LETTER TO OTHER FINANCIAL INSTITUTIONS (OF) VERIFICATION NUMBER (BVN) ENROLLMENT FOR OFls' CUSTOMERS ~ IVETO 4 DEBIT Following the expiration of the extended deadiine of 31: December, 2017 for your customers to enroll and/or submit their BVN details to your insftutions, you ore required 10 place all accounts without BYN on a ‘post no debit’ status. However, credit lodgmenis inclusive of deposits and inward transfers, may be received into such accounts. You ore required 10 continue to enroll customers of such accoun!s and only remove the ‘pos! no debit restriction when a valid BVN has been obtained and submitted by the customer or the customer has been duly enrolled by your institution Our earlier directive on the conspicuous dispay of notices sensiizing customers (on BN in the banking hall and the submission of o monthly progress report on BYN enrollment should sill io be adhered to. Please note thot this directive takes effect immediately and the Central Bank of Nigeria will continue lo monitor compliance. Non- compliance wil be met with ‘appropriate sanctions. EDEL I. FOR: DIRECT VE ‘OTHER FINANCIAL INSTITUTIONS SUPERVISION DEPARTMENT