2015-01-20 10:05
Enugu - The Central Bank of Nigeria (CBN) has said that its
cashless policy had contributed to a reduction in the spate of
kidnapping in the country.
The bank’s Branch Controller in Enugu,
Patrick Okonkwor, said at the weekend that the policy had made it
impossible for people to raise the large ransoms demanded by kidnappers.
Okonkwor,
who was speaking at an awards night organised by the Enugu Bankers’
Committee, said the policy had also shown that technology could be used
to check unwholesome activities.
He said the current Bank
Verification Number (BVN) was also aimed at further checking the
increasing incidents of compromise on conventional security systems.
The controller said the situation had
culminated in a high demand for greater security for access to sensitive
or personal information in the banking system.
He called on banks
in the area to ensure that their customers were captured in the scheme
which he said would provide uniform identity for customers operating
more than one account.
In the awards, First Bank Plc won the award
for the highest cash deposits and withdrawals bank for 2014 while
Zenith Bank Plc won that of the most effective and efficient cash
processing and handling bank.
Union Bank Plc also won the award
for the best participating bank in agricultural credit guarantee scheme
fund instituted by the apex bank.
For individual awards, Okonkwor
was rewarded for being the most valuable branch controller of 2014 while
Osagie Agbonghoria was rewarded as the banker of the year.
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