Saturday, July 20Nigeria's Authoritative Maritime News Magazine

Ndiomu approves payment for 775 Ex Agitators

There is Jubilation in the Niger Delta Region as the Maj. Gen. Barry Tariye Ndiomu (rtd), the Interim Administrator of the Presidential Amnesty Programme (PAP), has approved payment to beneficiaries not less than seven hundred and seventy-five (775) whose Bank Verification Number (BVN) issues has been resolved.

In a statement released on Monday by SA Media to the Interim Administrator, Freston Akpor, it was revealed that those who were cleared to receive payment are delegates whose accounts were recently put on hold.

According to the SA Media, a new portal has also being created to address issues of delegates with multiple accounts linked to their BVNs.

The statement revealed Maj. Gen. Ndiomu (rtd) expressing “serious concern over the BVN issue and had earlier assured that the BVN anomaly which has been there before his assumption of office will be tackled once and for all” and called on those affected to exercise patients as the verification committee works in accordance with the Central Bank of Nigeria’s provisions.

“Those affected delegates are urged to remain calm as the verification committee has already cleared a minimum of 775 cases who are already receiving payments following an approval by the Interim Administrator.

“It is important to note that the verification committee is working in accordance with the provisions of the regulatory framework put in place by the Central Bank of Nigeria which in collaboration with the Bankers’ Committee, had earlier deployed a centralised Bank Verification Number (BVN) System in February 2014 as part of an overall strategy of ensuring effectiveness of “Know Your Customer” (KYC) principle to promote safe, reliable and efficient payments system” the statement read.

It also said the BVN system is aimed at addressing fraud in the system and to give everyone a unique identification.

“The BVN system is to address increasing incidence of frauds and to enhance public confidence in the banking industry.

“The process is aimed at using BVN to deter, prevent, detect and mitigate the risks of fraud in the banking industry and every customer is meant to have a personal BVN number linked to his or her bank account giving each customer in the Nigerian banking industry, a unique identifier number,” the statement added.