Expert Says BVN Could End ATM Frauds

A financial expert, Prince Oyeyinka Oyekola, has commended the Central Bank of Nigeria for the introduction of the Biometric Verification of Number (BVN) by account holders in all commercial banks in the country.
Speaking against the background of suffering by bank account holders who have not completed the BVN process, Oyekola said the exercise is a worthwhile in the long run.
Millions of bank account holders who could not meet the October 2015 ending deadline for BVN have been running into problems. Accounts were blocked by commercial banks leading to long queue at ATM centres and banking halls.

A financial expert, Prince Oyeyinka Oyekola, has commended the Central Bank of Nigeria for the introduction of the Biometric Verification of Number (BVN) by account holders in all commercial banks in the country.
Speaking against the background of suffering by bank account holders who have not completed the BVN process, Oyekola said the exercise is a worthwhile in the long run.
Millions of bank account holders who could not meet the October 2015 ending deadline for BVN have been running into problems. Accounts were blocked by commercial banks leading to long queue at ATM centres and banking halls.

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