Nigeria: Govt Extends BVN to Microfinance Banks As 'Ghost Workers' Migrate There

The Federal Government has urged the Central Bank of Nigeria to enforce the use of Bank Verification Number, BVN, in Microfinance Banks, amid suspicions that fraudulent government employees have set up "ghost workers" accounts in MFBs to avoid detection.

The Minister of Finance, Kemi Adeosun, in a correspondence to the governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, said the introduction of the BVN has immensely improved the integrity of the Federal Government payroll, from which more than 50,000 ghost workers had been detected.

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