The Central
Bank of Nigeria and the Bankers Committee sealed a biometric solution pact with
a German Firm , Dermalog on Tuesday ,the pact is said to be meant for the
development of a payment system that would be driven by fingerprints.
What this means is unlike the current practice where different instruments are used as means of identification e.g ATM Cards, bank customers will from 2014 be identified through their fingerprints.
Sanusi, while speaking at the signing of the agreement, which was held at the central bank’s headquarters in Abuja, noted that the system would become operational on February 14, 2014.
This move followed the recommendation of a sub-committee chaired by the Group Managing Director, Zenith Bank Plc, Mr. Godwin Emefiele.
What this means is unlike the current practice where different instruments are used as means of identification e.g ATM Cards, bank customers will from 2014 be identified through their fingerprints.
Sanusi, while speaking at the signing of the agreement, which was held at the central bank’s headquarters in Abuja, noted that the system would become operational on February 14, 2014.
This move followed the recommendation of a sub-committee chaired by the Group Managing Director, Zenith Bank Plc, Mr. Godwin Emefiele.
The cost of the project is above $50m and the
banks, in their wisdom and in line with their collaborative efforts, are going
to be sharing the cost of the project, and no customer is going to be charged
for this project.
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