Minister O fFinance Adeosun Says Microfinance Banks Are Now Being Used As Conduit For Corruption.

The federal government has observed some suspicious transactions by fraudsters and some civil servants to siphon money using the micro finance banks in the country. In a letter addressed to the Governor, Central Bank of Nigeria, Godwin Emefiele, the Minister of Finance Mrs Kemi Adeosun strongly solicited the cooperation of the CBN, in extending the requirement for Bank Verification Number via IFTTT