Jun 242014
 
 June 24, 2014  Business, Non-U.S.

Melissa Melton writes:

You think the big brother surveillance state is getting creepy here in America, check out what central banks are doing in other countries.

Via  All Africa

In line with the ongoing initiative of the Central Bank of Nigeria (CBN) and the Bankers’ Committee (comprising Chief Executives of the nation’s deposit money banks), banks across the country are to begin capturing of customer biometric data as part of Bank Verification Numbers (BVN).

The rollout of the BVN solution for the identification and verification of bank customers is expected to begin in 1,000 selected bank branches across Lagos, as a prelude to a nationwide rollout.

This is in alignment with the phased approach adopted in executing the three-tiered Know-Your-Customer (KYC) and cashless policy of the CBN.

Read more on Activist Post.

Thanks to Joe Cadillic for this link.

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