Senate yesterday directed the Central Bank of Nigeria and other banks to carry out rigorous awareness campaign in the rural areas to ensure that the October 31 Bank Verification Number registration deadline would be achieved.
Senate yesterday directed the Central Bank of Nigeria (CBN) and other banks to carry out rigorous awareness campaign in the rural areas to ensure that the October 31 Bank Verification Number (BVN) registration deadline would be achieved. Also yesterday, the Upper Chamber referred the request of President Muhammadu Buhari for the approval of $75 million World Bank loan for Edo State to the newly created Ad hoc Committee on Local and Foreign Debt.
The directive by the Red Chamber was sequel to a motion entitled: Danger Posed to Rural Bank Customers by the Bank Verification Exercise.
According to the Deputy Minority Whip, Senator Biodun Olujimi, who sponsored the motion, the BVN exercise may deny rural bank customers access to banking activities, if sensitisation is not intensified.
Olujimi, who commended attempts by the CBN to provide a central database for the country’s bank customers, however, expressed concern that most rural bank customers are still not aware of the exercise. “We appreciate the fact that the BVN will help the banking system to track transactions across banks in Nigeria.
There is, however, the concern that the people in the rural areas are not carried along due to (their) inability to access print and electronic media,” she said. Speaking in support of the motion, Senate Philip Gyunka said that the CBN ought to make provisions to accommodate the rural dwellers, who are involved in strenuous jobs like farming.
He said that farmers in his community have complained that their finger prints could not be captured in the exercise. “CBN should provide alternative means of capturing those in the rural areas so as not to contravene Section 42(1) of the Nigerian Constitution. Going against this constitutional provision is trying to deprive them of their rights,” he said.
On his part, Senator Enyinaya Abaribe, who called for a unification of data from agencies saddled with the responsibility of collating data, lamented that Nigerians are often made to go through the rigour of registration for difference purposes when their information could be centralised.
-Teddy Nwanunobi, Abuja