The Central Bank of Nigeria (CBN) has disclosed that with the Bank Verification Number (BVN) in place, biometrics will soon be used for transactions on the Automated Teller Machine (ATM) instead of the existing pin code.Officials said the introduction of biometrics‎ into banking system is part of the effort of the CBN to ensure successful fight against electronic fraud in banking sector.”What we are canvassing is that in a time soon to come, with the BVN in place, biometrics will be used for transactions on ATM”, said Electronic Fraud Forum (NeFF) chairman Dipo Fatokun.”That means if you want to transact with your ATM, you will need to use your biometrics. There is no way you can give your finger to a third party. If that is enabling, it will make our system to be more secure and make all our transactions to be validated”.”But biometric electronic devises are very expensive because of the technologies involved but I am sure, we shall get there soon.”Also this week, senior officials said over 90,000 military pensioners in Nigeria are to be identified as part of a national biometric verification exercise.Acting Chairman of Military Pensions Board, Brig. General Adekunle Adesope confirmed the scheme on Monday, saying it would help cut costs.The 2017 verification exercise is scheduled to take place from Monday 27 November to Saturday 9 December 2017 in the Federal Capital Territory (FCT) Abuja and all the 36 states of the federation.

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