BANKS TO IDENTIFY CUSTOMERS BY FINGERPRINTS IN 2014

The Central Bank of Nigeria and the Bankers Committee yesterday sealed
a biometric solution pact with a German Firm, Dermalog, for the
development of a payment system that would be driven by fingerprints.
The move, according to the CBN Governor, Mr. Lamido Sanusi, will help
to revolutionise the country's payment system.
For instance, unlike the current practice where different instruments
are used as means of identification, bank customers will be identified
through their fingerprints by 14thof February, 2014 when it would
become operational. The cost of the project is above $50m and the
banks are going to be sharing the cost of the project while customers
wont be charged.