Photograph of the customer who proposes to open the account and his address need to be certified by the introducer. Recently, clarification had also been issued to facilitate account opening by close relatives, e.g. wife, son, daughter and parents etc.
But unfortunately an even larger part of the boom was not only unsustainable but wholly illusory and resulted in wasted resources as we see in half-finished and half-empty housing estates and office blocks all over the country.