sambas: 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.
The move followed the
recommendation of a
sub-committee chaired
by the Group
Managing Director,
Zenith Bank Plc, Mr.
Godwin Emefiele.
The committee, made
up of the Group
Managing Directors of
Access Bank Plc, First
Bank of Nigeria
Limited, United Bank
for Africa Plc, Union
Bank of Nigeria Plc and
Skye Bank Plc, had
shortlisted Dermalog as
the company to
develop a database for
the banking sector.
Emefiele said, “The
company that was
awarded the contract
has been given a very
ambitious deadline,
and before the contract
was awarded, it agreed
that it would deliver in
90 days.
“The first phase of the
project will connect
the central data to the
banks as well as the
central bank and the
Nigeria Interbank
Settlement System. We
believe that the
company will do so,
and by February 14,
2014, we are all very
optimistic and looking
forward for a gift from
the banking industry.
“The cost of the project
is above $50m and the
banks, in their wisdom
and in line with their
collaborative efforts,
are going to be sharing
the cost of the project,
and no customer is
going to be charged
for this project.”
Explaining the reason
for the project, Sanusi
said it would help to
provide a single
biometric database that
would serve the
purpose of
authentication as well
as address the issues of
money laundering,
fraud, credit extension
and financial inclusion.
He said, “The vision is
that this will go beyond
the banks and it is a
very tight deadline that
I have set for the
committee and the
committee has
discussed with
Dermalog; and in three
months, we can
officially say that every
single Nigerian bank is
connected to the
system; and hopefully
in the coming months,
we will expect every
customer of every
branch of every bank
in Nigeria to have
complied to this, but it
goes beyond the
banking system.
“We have about a
thousand microfinance
banks; we have
customers of pension
fund administrators; we
have customers of
insurance companies;
we have people who
deal with the stock
market, and the vision
for this is that everyone
that deals with the
financial system should
have his biometric data
captured, and this will
be used for
identification,
verification and
authentication.”
Sanusi said the project
would not have any
negative impact on the
national identity card
project, adding that the
biometric database of
the banking sector
would help to
complement the
Federal Government’s
identity management
project.
He said, “For a long
time, we have been
waiting for the national
identity card system
and progress is being
made, and I will like to
use this opportunity to
let everybody
understand that the
banking industry
project is not in any
way incompatible with
the national identity
process.”
source http://
www.punchng.com/
news/banks-to-identify-
customers-by-
fingerprints-next-year/

Tolexander: This is going to be a disaster o.
Amputee go plenty cos instead of stealing the ATM, na hand dem go chop to go use the finger to withdraw!

That means i will need to give someone my thumb to help me to withdraw!

sambas: 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.
The move followed the
recommendation of a
sub-committee chaired
by the Group
Managing Director,
Zenith Bank Plc, Mr.
Godwin Emefiele.
The committee, made
up of the Group
Managing Directors of
Access Bank Plc, First
Bank of Nigeria
Limited, United Bank
for Africa Plc, Union
Bank of Nigeria Plc and
Skye Bank Plc, had
shortlisted Dermalog as
the company to
develop a database for
the banking sector.
Emefiele said, “The
company that was
awarded the contract
has been given a very
ambitious deadline,
and before the contract
was awarded, it agreed
that it would deliver in
90 days.
“The first phase of the
project will connect
the central data to the
banks as well as the
central bank and the
Nigeria Interbank
Settlement System. We
believe that the
company will do so,
and by February 14,
2014, we are all very
optimistic and looking
forward for a gift from
the banking industry.
“The cost of the project
is above $50m and the
banks, in their wisdom
and in line with their
collaborative efforts,
are going to be sharing
the cost of the project,
and no customer is
going to be charged
for this project.”
Explaining the reason
for the project, Sanusi
said it would help to
provide a single
biometric database that
would serve the
purpose of
authentication as well
as address the issues of
money laundering,
fraud, credit extension
and financial inclusion.
He said, “The vision is
that this will go beyond
the banks and it is a
very tight deadline that
I have set for the
committee and the
committee has
discussed with
Dermalog; and in three
months, we can
officially say that every
single Nigerian bank is
connected to the
system; and hopefully
in the coming months,
we will expect every
customer of every
branch of every bank
in Nigeria to have
complied to this, but it
goes beyond the
banking system.
“We have about a
thousand microfinance
banks; we have
customers of pension
fund administrators; we
have customers of
insurance companies;
we have people who
deal with the stock
market, and the vision
for this is that everyone
that deals with the
financial system should
have his biometric data
captured, and this will
be used for
identification,
verification and
authentication.”
Sanusi said the project
would not have any
negative impact on the
national identity card
project, adding that the
biometric database of
the banking sector
would help to
complement the
Federal Government’s
identity management
project.
He said, “For a long
time, we have been
waiting for the national
identity card system
and progress is being
made, and I will like to
use this opportunity to
let everybody
understand that the
banking industry
project is not in any
way incompatible with
the national identity
process.”
source http://
www.punchng.com/
news/banks-to-identify-
customers-by-
fingerprints-next-year/

mekaboy: Well its bound to happen. All this is in preparation to usher in the man of lawlessness(anti-christ). It will be the same worldwide. Eventually there will be one world currency and govt. Since ur bank details, is linked to ur finger print. You will not have access to ur funds unless u have the mark of the beast.

Its happening before our eyes.

eripecs: This is nothing less than the fulfilment of the scriptures. The Bible is true and Jesus is the way. While pursuing our daily bread, lets remember that everything will soon come to an end. Enter the ark(Jesus) before flood(judgement) begins. Remember the days of Noah. Our varied beliefs cannot change God's divine program. REPENT NOW

herbscure02: African Christianity with their ideology palavar, you people have been shouting ENDTIME b4 computer was introduced till now nothing like ENDTIME again, now another technology will be introduced for identification, you people now shouting ENDTIME, have u ever seen any WHITE MAN who brought christianity to AFRICAN shouting END TIME when any technologies was introduced to them. Very Soon now your leader will be the first people who will accept the system.

If you believe that it is END TIME THING, why you still be living on EARTH, why not commit suicide and go meet your LORD for BETTERMENT of the Heaven and leave us in this world to continue using our technologies

Daffydoc:

The above says it would be used for IDENTIFICATION, VERIFICATION and AUTHENTICATION. It didn't say anything about replacing ATM cards. It's just an extra security measure for ATM and over-the-counter withdrawals. Please do not mislead people OP.

sambas: Just saw it on ait news, Banks in Nigeria to replace atm card with finger print. I don't know if i'm the only one against this development, with the current security pros.Is it not better to loose an atm card to robbers than a finger in every attack?

Danhumprey: I have the same thought just like you. The mark of the beast or your liberty would be greatly limited.

Oghos1: How a typical naira land front page thread progresses.

1st page- hardly any meaningful post. Full off jokes(funny n dry), bullshiis n ignorant remarks etc etc

2nd page- some of d bullshiiz spill over into this n towards d end, sensible people begin to post sense.

3rd page n beyond - all d mofos posting trash would av eloped looking for anoda FP thread 2 comment on d 2st page n common sense largely prevails onwards.

Iniotong: How safe would my fingers be??

IYA NGBALI: What happens to aboki whose two hands have been cut off by sharia?how would he withdraw his money?na sanusi lamido people go suffer am,na dem no dey get hand.

kelvin1191: As if the way we are reporting stolen ATM and PIN by robbers is not enough, they want us to start reporting "missing fingers". It will be better to keep the money @ home and give it to the "real owners" when they come knocking than protecting/saving it in a bank then, loose fingers and the money.

mekaboy: Well its bound to happen. All this is in preparation to usher in the man of lawlessness(anti-christ). It will be the same worldwide. Eventually there will be one world currency and govt. Since ur bank details, is linked to ur finger print. You will not have access to ur funds unless u have the mark of the beast.

Its happening before our eyes.

mekaboy: Well its bound to happen. All this is in preparation to usher in the man of lawlessness(anti-christ). It will be the same worldwide. Eventually there will be one world currency and govt. Since ur bank details, is linked to ur finger print. You will not have access to ur funds unless u have the mark of the beast.

Its happening before our eyes.

Usbeel: Sooo many disadvantages! But d mst is wat if u wan send som1 2 d atm?