Share this

Charles Ayo, the immediate past Vice-Chancellor, Covenant University,
Ota in Ogun, has advised the Central Bank of Nigeria (CBN), to use
fingerprint scanner to check Automatic Teller Machines (ATM) frauds.

Daily trust reported that Ayo
gave the advice at the seventh inaugural lecture organised the
institution to mark its 14th Founder’s Day on Saturday in Ota.
lecture is entitled: “Deconstructing the National Development Agenda;
The Role of Information and Communications Technologies (ICTs)’’.
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.
introduction of fingerprint scanner will further boost the apex bank’s
policy in addressing frauds in the country,’’ he said.
attributed frauds and other related social vices like cultism,
insurgency and militancy to negligence and under funding of the nation’s
educational system.
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.
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.

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
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. 
Source: Daily Trust

Leave a Reply

Your email address will not be published. Required fields are marked *