Banks to identify customers by fingerprints in 2014

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.