The measures include Bank Verification Number (BVN), know-your-customer (KYC) protocols, and GPS-based farm mapping.
They said awareness campaigns and customer engagement are ongoing to ensure compliance.
Mr Aleniosu urged customers to tread carefully in handling and releasing their financial information.
“The payroll cleansing will enhance transparency and efficiency in salary administration,” Mr Sani added.
Mr Abdullahi said the scheme will reduce the rate at which Nigerians patronise unregistered loan applications.
Banks have mandated customers to link their BVN-NIN to their accounts, giving March 1 as the deadline for the linkage.
The Plateau Inland Revenue Service (PSIRS) has introduced an “intelligent” revenue billing system for ease of taxation.
Mr Okpa said the defendant collected the money under the pretence of investing it in a housing estate for six months with a profit of N1 million.
In Nigeria, a steep dearth of identification has been a major reason millions of people lack access to financial services.
The minister stated that the loan shall be administered at a single-digit interest rate of nine per cent per annum.
