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CBN's biometric project concludes in 2015

11 December 2013, 20:00

Abuja - The Central Bank of Nigeria (CBN) announced the ongoing biometric project will be concluded in 2015.

The second phase of the exercise would be launched early next year.

The governor of the CBN, Mallam Lamido Sanusi, who disclosed this at the CBN and World Economic Forum meeting, said the second phase would ensure full capture of biometric details of all banks customers nationwide in less than a year.

“We will officially launch the second phase of the biometric database on February 14, 2014 with all head offices of banks and a branch of the banks. By 2015 we would have certainly concluded the project,” said Sanusi at the forum.

The project, according to him, is expected to provide a centralised platform through which banks might enroll and uniquely verify the identity of each customer, perform credit checks, verify customer integrity and authenticate customers from a point of transaction device.

Sanusi said the project represented a major landmark in the Bankers Committee’s efforts at promoting financial inclusion drive, expanding banking services, access to credit and more importantly, dealing with money laundering and other financial industry problems.

He explained that the CBN and the banks decided to embark on the project as a proactive strategy to enhance the integrity of banking services delivery by building a reliable customer identification system which would help in complementing the other projects being embarked upon by various government agencies.

– CAJ News


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