Thus, during the first decade of its establishment, the Bank concentrated on the task of promoting and transformation of the rudimentary financial structure of the economy. These included the issuance of money and capital market securities such as the Nigerian Treasury Bills and Federal Government Development Stocks.
In this sense, the system itself is also a fundamental expression of implementing scientific approach to development and building a socialist harmonious society. II. The operation of the online verification system  The online verification system is an important joint measure of the PBC and the MPS to implement the use of real names for bank accounts, which welcomed by commercial banks.