Impact Of Bvn On Financial Security In Nigeria Banks

CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY The rate at which frudulent activities is going on in the country these days is becoming unbearable; the federal government of Nigeria and the CBN have being on their toes to resolve the issue of frauds and to boost financial security in most of the Nigerian banking industry; because all these issues the central bank of Nigeria on february, 2014 made it compulsory that all account holders should have a bank verification number so as to enable the account holder to have a single identity in all the banks in Nigeria; all he or she need to do i…