The National Identity Management Commission (NIMC) has announced that the new National Identification Number (NIN) card will serve as a multi-purpose tool for identification and financial transactions.
This development was disclosed during a recent interview on Channels TV with Kayode Adegoke, Head of Corporate Communications, and Peter Iwegbu, Director of Card Management Services at NIMC.
Iwegbu elaborated on the card’s financial functionality, highlighting that it enables users to conduct transactions such as ATM withdrawals, online payments, and money transfers.
“The card serves as a payment card, apart from being an identification card,” he said. He explained that its chip integrates seamlessly with Nigeria’s banking system, allowing users to withdraw money or transfer funds regardless of their bank.
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