A leading expert has advocated for the use of fingerprint scanner to checkmate Automatic Teller Machines fraud.
Prof. Charles Ayo, the former Vice-Chancellor, Covenant
University, Ota in Ogun state, has advised the Central Bank of Nigeria
(CBN), to use fingerprint scanner to check Automatic Teller Machines
(ATM) fraud.
Ayo gave the advice at the seventh inaugural lecture organised by
the institution to mark its 14th Founder’s Day on Saturday in Ota.
The lecture is entitled: “Deconstructing the National Development Agenda; The Role of Information and Communications Technologies (ICTs)”
The former vice-chancellor said that the policy do not require any
special design as the current system could accommodate the proposed
features at minimal cost.
“The fingerprint authentication will be a cheaper alternative than to relocate all ATMs to safer premises.
“The introduction of fingerprint scanner will further boost the apex bank’s policy in addressing frauds in the country,’’ he said.
Ayo attributed frauds and other related social vices like cultism,
insurgency and militancy to negligence and under funding of the nation’s
educational system.
The former vice-chancellor said that no nation could develop in an
atmosphere devoid of peace, probity, accountability, transparency and
adherence to the rule of law.
He, however, urged the Federal Government to invest massively in
the education and deployment of ICTs in all operations and services as
antidote to poverty, ignorance, and to unlock national development.
In his remarks, Dr David Oyedepo, the chancellor of the
institution, said that universities in Nigeria and others African
countries should respond to issues and problems facing them through huge
investment in education.
Oyedepo urged them to look at education as a core requirement in
solving their problems and restore their glories without waiting for any
foreign assistance.
NAN
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