The Managing Director of the bank, Mr Ayodeji Sotinrin, made the disclosure in a statement issued in Abuja on Friday.
Sotinrin said the measures included Bank Verification Number (BVN), Know Your Customer (KYC) protocols, and GPS farm-mapping.
The managing director also said the digital safeguards would guarantee that public funds and farm inputs reached genuine, actively practicing farmers and cooperatives.
Sotinrin said the bank had also upgraded its digital verification platform for transparent deployment of farm inputs to genuine farmers to curb systemic resources diversion by portfolio farmers and middlemen.
According to him, the move is aimed at modernising the institution’s operations, expanding grassroots financial inclusion, and driving Nigeria’s agricultural transformation.
The managing director reiterated the bank’s commitment toward the Federal Government’s national food security agenda.
He said the upgrade was designed to optimise the delivery of agricultural intervention programmes and empower smallholder farmers across the country.
”For the BOA, ensuring transparency and accountability in the disbursement process is paramount
”The BOA is aggressively modernising its nationwide footprint and driving financial inclusion in the hinterlands.
”Alongside the ongoing deployment of solar energy across its 110 branch networks to ensure uninterrupted service, the BOA is introducing digital farmer systems and strategic agency banking models.
”This bridges the geographic gap, allowing the bank to bring financial and extension services directly to the farm gate, moving beyond traditional brick-and-mortar limitations,” he said.
Sotinrin said the bank would welcome continuous engagement with genuine commodity association, verified grassroots cooperative societies stakeholders. (NAN)
