18 Months Deadline For All Commercial Banks To Capture Biometric Details of Customers Nationwide
Bank Customers have been given 18 months deadline to complete their biometric registration as they may not be able to make bank transaction without their fingerprints after the deadline.
The Governor, CBN, Mr. Lamido Sanusi, who launched the biometric registration exercise at the CBN head office in Lagos on behalf of the Bankers’ Committee, said the aim was to eliminate all forms of frauds and other negative practices from Nigerian banks.
He added that the scheme will improve and strengthen the ‘Know Your Customer’ process of the banking industry.
At the launch, the CBN Governor, said that all commercial banks were expected to have captured biometric details of their customers nationwide in the next 18 months.
He noted that the CBN would start to issue circulars to banks to inform their customers to come in and register for the biometric authentication within one week as it would allow banks to enrol and verify the identity of each customer from any point of transaction device.
The CBN Governor also assured Nigerians that the new system, which was also expected to address the issue of customers forgetting their Personal Identity Number, would attract no charges to the customers.
Two banks have been selected to run the pilot of this project which will start from February 17 to March 31.
Sources: ChannelsTv, Daily Post
The Governor, CBN, Mr. Lamido Sanusi, who launched the biometric registration exercise at the CBN head office in Lagos on behalf of the Bankers’ Committee, said the aim was to eliminate all forms of frauds and other negative practices from Nigerian banks.
He added that the scheme will improve and strengthen the ‘Know Your Customer’ process of the banking industry.
At the launch, the CBN Governor, said that all commercial banks were expected to have captured biometric details of their customers nationwide in the next 18 months.
He noted that the CBN would start to issue circulars to banks to inform their customers to come in and register for the biometric authentication within one week as it would allow banks to enrol and verify the identity of each customer from any point of transaction device.
The CBN Governor also assured Nigerians that the new system, which was also expected to address the issue of customers forgetting their Personal Identity Number, would attract no charges to the customers.
Two banks have been selected to run the pilot of this project which will start from February 17 to March 31.
Sources: ChannelsTv, Daily Post
18 Months Deadline For All Commercial Banks To Capture Biometric Details of Customers Nationwide
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Reviewed by Msl
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