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Akwa Ibom hails e-commerce

18 November 2013, 07:35Augustine Osayande

Abuja - Akwa Ibom State welcomed the introduction of e-banking in the region by the Central Bank of Nigeria (CBN).

State Governor Godswill Akpabio said that service would enhance the growth of local businesses and boost a cashless society.

“E-banking will provide an opportunity for growth and provide the way forward for a cashless society,” he said.

Akpabio said the use of cash was one of the challenges being faced in politics and hoped one day money would be eliminated to reduce inducement.

The governor noted that when the e-banking was fully implemented, it would enable politicians vote according to their conscience.

CBN recently declared that it would introduce biometric authentication of bank customers in 2015 using Point of Sale (POS) and Automated Teller Machines (ATMs).

The CBN governor, Mallam Sanusi disclosed this at the stakeholders’ sensitisation on the cashless Nigeria programme in Abuja.

He said the introduction of biometric authentication was to address the safety of customers' funds and avoid losses through compromise of Personal Identification Numbers (PIN).

“Biometric authentication for POS and ATMs to address safety of customers' funds and avoid losses through compromise of PIN is being considered and to be implemented by 2015,” he said.

– CAJ News


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