A university Don, Prof. Charles Ayo, has called on the Central Bank of Nigeria (CBN) to implore the use of fingerprint scanner in banking sector to check Automatic Teller Machines (ATM) fraud ravaging the country.
Ayo, the immediate past Vice-Chancellor, Covenant University, Ota, stated this during the seventh Inaugural Lecture organised by the institute to mark its 14th Founder’s Day ceremony on Saturday in Ota, Ogun, with the theme “ Deconstructing the National Development Agenda; The Role of Information and Communications Technologies (ICTs)’’.
Ayo noted that the policy do not require any special design as the present system could accommodate the proposed features at minimal cost.
He noted; “The fingerprint authentication will be a cheaper alternative than to relocate all ATMs in the country to safer premises and the inclusion of security camera at each location. The introduction of fingerprint scanner would further boost the apex bank policy in addressing frauds in the country.’’
The Prof. however attributed frauds and others related social vices like Cultism, Boko Haram, Avengers to negligence and underfunding of the nation’s educational system.
He noted that no country can develop in an atmosphere that is devoid of peace, probity, accountability, transparency and adherence to the rule of law.
Ayo , called on the Federal Government to invest massively on education and deployment of ICTs in all operations and services as antidote to poverty, ignorance, as well as key to unlocking national development.
Speaking at the occasion, Dr David Oyedepo, the Chancellor of the university, noted that universities in Nigeria and others African countries should respond to issues and problems facing them through huge investment in education.
Oyedepo added that the Nigeria and African countries should look at education as core requirement in solving their problems and restoring their glory without waiting for foreign assistance, adding that there have been persisted problems in Africa caused by the inability of governments to utilise human resources in addressing those problems.