The Bank Verification Number commonly called BVN is a biometric identification system
Introduced and implemented in Nigeria in order to reduce the rate of the growing fraud and cyber crimes in the country. The system works by recording fingerprints and a facial photograph of a client
It is a modern security measure in line with the Central Bank of Nigeria Act 1958 to reduce fraud in the banking system.
Issues arose where fraudsters attempted to use the launch of the system to get customers' banking details.

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