CBN Launches Biometric for Bank Customers

As part of efforts to prevent fraud as well as to revolutionise the payment system, the Central Bank of Nigeria (CBN) Friday unveiled the Bank Verification Number (BVN) for bank customers.

The biometric authentication of bank customers is also to address complaints of personal identification numbers theft in the industry.

Speaking in Lagos at the launch of the new system, CBN Governor, Mallam Sanusi Lamido Sanusi said banks are expected to capture biometric details of all customers nationwide in the next 18 months.