Saturday, October 31, 2015

Nigeria crackdown on fake bank account

Nigeria crackdown on fake bank account

Image caption There was a last-minute rush to register in June before the deadline was extended
Nigeria has launched a major crackdown on fake bank-account holders in a bid to reduce fraud in the banking sector.
People were asked to enrol at their local banks to have their fingerprints taken, along with a photograph of their face by the end of Friday.
Nigeria's central bank said non-registered customers would lose electronic access to their accounts.
Huge sums are allegedly stolen from Nigerian banks as a result of forgery and illegal withdrawals.
Customers who register are issued with a unique Bank Verification Number, which is used in combination with the biometric information to confirm their identity whenever a transaction is made.
Central bank spokesman Ibrahim Mu'azu on Friday told the BBC Hausa service that the exercise had been on going for more than two years but less than half of the 52 million account holders had registered.
He said the exercise would "safeguard depositors from fraud" and allow banks to monitor their customers and serve them effectively.
It is not clear how many people have missed the deadline but millions could be affected.
As the banks are not open on Saturday and Sunday, Friday is effectively the last day people can get the number.
There was a last-minute rush in June as people tried to register, before the deadline was extended to 31 October.
However, the situation appeared to be calmer on Friday.
The bank has also set up centres in Europe and America to allow Nigerians in the diaspora to register.

Around the BBC

'No survivors' in Sinai airline crash

Full article 'No survivors' in Sinai airline crash

Sport South Africa dominate Argentina

Full article South Africa dominate Argentina
 
More Videos from the BBC
  • US police officer's unusual tactic to disperse teenagers
  • Why Phil Collins is returning from 'miserable' retirement
  • Danger warning over rail station photos
  • Checking into a hotel staffed by robots

    • Waiting for life

    Is a generation of young people unable to grow up?

    Racing again

    Formula 1 goes back to the future in Mexico

    Pumpkin mania

    The pumpkin spice craze sweeping America

    Soviet throwback

    Does China still need five-year plans?
    Video 1:51

    'More than cute'

    Father's campaign for superhero Halloween costumes for his daughters

    Growing up alone

    Being a child and a parent under China’s one-child rule

    10 things

    Dancing to Gangnam Style raises pain thresholds, and more news nuggets

    Difficult neighbour

    Afghan conflict sparks fear and instability in Tajikistan
    Digital Disruptors
    The two Estonians taking on the banks at currency exchange
     
    From Around the Web
  • 20 Worst U.S. Presidents Of All Time LOLWOT LISTS
  • Negotiating a Debt Collection Settlement - For Dummies Dummies.com
  • What sort of e-shopper are you? Are you more New York or Paris… PayPal
  • The Future of User-Generated Live Streaming for… BRG Communications
  • 5 Best Free Team Management Tools Webiot
    • A
    Posted by at

    No comments:

    Post a Comment

    "Nowadays people know the price of
    everything and the value of
    nothing. Oscar Wilde "

    Subscribe to: Post Comments (Atom)