The former Vice-Chancellor, Covenant
University, Ota in Ogun state, Prof. Charles Ayo has advised the Central Bank
of Nigeria (CBN), to use fingerprint scanner to check Automated Teller Machines
(ATM) fraud.
The Prof. gave the advice during a lecture entitled:
“Deconstructing the National Development Agenda; The Role of Information and
Communications Technologies (ICTs)” at the seventh inaugural lecture organized
by the institution to mark its 14th Founder’s Day on Saturday in Ota
The policy do not require any special design as
the current system could accommodate the proposed features at minimal cost. He said.
“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.
He 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.
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