The BVN is a unique number that identifies each bank’s customer for “Know Your Customer” (KYC) purposes. The use of BVNs, rather than physical appearance of workers for biometric capture at the initial stage of verification, has significantly simplified and accelerated the progress of the payroll audit process and reduced the cost of implementation.
Sunday 28 February 2016
Gists: 23, 846 Ghost Workers Removed From Government Payroll, Saves FG N2.293bn
The BVN is a unique number that identifies each bank’s customer for “Know Your Customer” (KYC) purposes. The use of BVNs, rather than physical appearance of workers for biometric capture at the initial stage of verification, has significantly simplified and accelerated the progress of the payroll audit process and reduced the cost of implementation.
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