CBN Launches Biometric Registration For Bank Customers

CBN Launches Biometric Registration For Bank Customers

By Ekemini Ekwere | News Reporter on February 14, 2014

The Central Bank of Nigeria (CBN) on Friday February 14th 2014 unveiled the Bank Verification Number (BVN) for bank customers nationwide.

The biometric authentication of bank customers is introduced to address complaints of personal identification numbers theft in the industry and also part of efforts to prevent fraud as well as to revolutionise the payment system.

Speaking in Lagos at the launch of the new system, CBN Governor, Mallam Sanusi Lamido Sanusi said banks are expected to capture biometric details of all customers nationwide in the next 18 months.

NO COMMENTS

Leave a Comment

To leave a comment anonymously, simple write your thoughts in the comments box below and click the ‘post comment’ button.