The Bankers’ Committee on Tuesday rose
from its 315th meeting and announced that the biometric registration of
bank customers would commence on Friday.
As a result, all Deposit Money Banks
will on that day commence the registration of their customers’ details,
including their fingerprints.
Continue reading after the cut...
The Group Managing Director, Access Bank
Plc, Mr. Herbert Wigwe, briefed journalists at the end of the
bi-monthly meeting held in Lagos.
He said the biometric identification
system would help the fight against fraud and money laundering, and also
enhance the protection of bank customers.
The Director, Corporate Communications
Department, CBN, Mr. Ugochukwu Okoroafor, said the biometric system,
when fully operational, would help to improve credit in the economy and
boost the nation’s macro-economy.
Okoroafor said, “Nigeria runs on cash;
there is no identity. We don’t know who is who. We are now going into
identity confirmation. We can now create a credit system that will power
our economy.
The Head, Shares Services, CBN, Mr. Chidi Umeano, said the development would help to modernise the nation’s payment system. He said, “Statistics show that there has been a shift from the
traditional cash-carrying system to electronic form of payment. For
instance, there is the Nigerian Electronic Fund Transfer, Nigerian
Instant Payment, Point of Sale terminal and Mobile Money.
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