Banks To Identify Customers By Fingerprints In 2014! Embarks On $50m Deal With German Firm

The Central Bank of Nigeria and the Bankers Committee
yesterday 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 CBN Governor, 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 be identified through their fingerprints by
14th of February, 2014 when it would become operational.
The cost of the project is above $50m and the banks are
going to be sharing the cost of the project while customers
wont be charged.
Sent from my BlackBerry wireless device from MTN