CBN Adds INEC Voter Card To List Of Identification Options in the country

Introduces Uniform Account Opening Forms For Money Deposit Banks

BANK customers can now tender their Independent National Electoral Commission (INEC) voter cards as part of identification requirements while seeking approvals for highly sensitive transactions, including cheque withdrawals and account opening.

The Central Bank of Nigeria (CBN), which has also introduced uniform account opening forms for all money deposit banks in the country, said the move is in line with its vision of financial inclusion in the country. It, therefore, directed banks to, henceforth, accept INEC voter cards as means of identification from customers who may not have any means of identification.

The adoption of a uniform accounts opening forms, according to the apex bank, is to simplify the process and encourage the teeming number of unbanked to embrace new financial culture.

The CBN explained the new measures in separate circulars issued to all money deposit banks and other financial institutions.

The inclusion of the INEC voter card as means of identification, it said, followed an earlier circular on Anti- Money Laundry regulation of 2009 on acceptable means of identification.


Source :Guardian