Central Bank of Nigeria is considering introducing biometric cards to combat automated teller machine fraud.
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Bank Gov. Mallam Sanusi Lamido announced this possibility Thursday during the institution's monetary policy committee meeting.
The bank's operations department is conducting feasibility studies and plans to submit a report to the bank's Committee of Governors.
But it is too early to say when such an initiative might occur and what might be required, a spokesman for the bank said.
Nigerian banks have refunded more than $12.8 million to cardholders affected by ATM fraud, he said.
