The Central Bank of Nigeria and the
Bankers Committee on Tuesday 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 Governor, CBN, 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 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.
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