Ghost Workers: CBN To Extend BVN To Micro-Finance Banks

[caption id="attachment_17551" align="alignnone" width="750"]Mrs. Kemi Adeosun, Nigeria’s Minister of Finance[/caption]

Minister of Finance, Mrs. Kemi Adeosun, has appealed to the Central Bank of Nigeria (CBN) to extend the Bank Verification Number (BVN) to account holders in Microfinance Banks (MFBs) across the country.

This, Adeosun said, would help in efforts made by the Federal Government to track down bank accounts being possibly used by ghost workers on the government’s payroll.

In a statement by the Director of Information in the Ministry of Finance, Salisu Na’inna Dambatta, Adeosun argued that non-validation of accounts in Microfinance Banks may have created a loophole in the government’s efforts to detect the ghost workers.

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Adeosun made the appeal in a communiqué addressed to the CBN Governor, Godwin Emefiele, on Monday.

“Our ongoing efforts to verify the integrity of Federal Government  personnel costs and purge the system of fraud and error has made extensive use of the Bank Verification Number as a means of identifying recipients of multiple salaries, and salaries paid into accounts  with names that differ to those held on our payroll records. The success of this effort has to date yielded the removal of over 50,000 payroll entries,” said Adeosun.

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