Connect with us

News

Access Bank ED, Ade Bajomo Becomes President of FinTechNGR .

Published

on

Access Bank ED, Ade Bajomo appointed President of the FinTech Association of Nigeria (FintechNGR).

Access Bank’s Executive Director of Technology and Operations, Mr Ade Bajomo, has been appointed the new President of the FinTech Association of Nigeria (FintechNGR).

This was first announced during FinTechNGR’s virtual Annual General Meeting held recently.

Prior to his appointment as President, FinTech Association of Nigeria (FintechNGR), Ade Bajomo served as the Vice President of FinTechNGR for the last two years.

Speaking after his inauguration, Bajomo thanked the outgoing president, Dr Segun Aina and the Governing Committee, “for the remarkable accomplishments during the last two years. This appointment is a responsibility that I take very seriously and I am humbled by your vote of confidence. With your help, I believe we can position Nigeria as a leading market for global FinTech Innovation and Investment.”

“In my capacity as the president, I will ensure FinTech Association of Nigeria works collaboratively as a team to position Nigeria and ultimately, Africa, as a force to be reckoned with in the global community. Nigeria has all the human resources it needs to be competitive in the global marketplace and this administration will strive to accelerate the growth of the industry and help create job opportunities and wealth,” Bajomo said.

In an interview on Arise TV’s ‘Arise Xchange’, he acknowledged that FinTech offerings will be one of the key performance drivers for the Nigerian banking sector post-COVID-19.
He also affirmed that “The possibilities are endless for a sector that has been responsible for over N700 trillion worth of transactions over the last 12 months. This trend is expected to continue even in a post-COVID-19 world.”

He further mentioned that an appreciable number of innovative solutions will be introduced in the payment sector. The key drivers of these innovative solutions will include – contactless payments, biometric solutions for financial inclusion and the acceptance of Blockchain technology as a viable payment option.

Mr Bajomo hinted that the CBN, through an inter-agency committee and the FinTech Association of Nigeria is already exploring Blockchain adoption for the financial sector.

In his capacity at Access Bank, Bajomo has led Access Bank’s digital transformation, overseeing the Bank’s use of advanced analytics, cloud computing, artificial intelligence, machine learning and robotics process automation to sustain banking and improve customer experience.

As Africa’s ‘Gateway to the World’, Access Bank continues to invest in digital innovation to drive trade and accessibility to finance. For its dedication to leading technological disruption in Africa, the Bank was recently recognised by Asian Banker as the ‘Best Digital Bank in Africa’.

News

Eid-el- Fitr: Obasa congratulates Muslims, calls for more patriotism

Published

on

By

– Speaker says Nigeria’s current challenges should further unite the citizens

– Advises President Buhari to act on requests by Southern governors

– Expresses belief in a better Nigeria and calls for prayers for the country

Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr.) Mudashiru Obasa, has appealed to Nigerians to see the country’s current challenges as an opportunity to further unite them saying this is a sure way to national progress.

Speaker Obasa made the appeal in a statement on Wednesday to commemorate this year’s Eid-el-Fitr celebrated by Muslims across the world.

Obasa expressed belief that the security and economic challenges Nigeria is faced with at the moment are a face from which the country would come out stronger.

He also advised President Muhammadu Buhari to urgently act on the requests recently made by the Southern Governors Forum as a way to curb rising insecurity in the country.

According to the former chairman of the Conference of Speakers of State Legislatures in Nigeria, “President Buhari should not only give a thought to the requests made by the governors, he should also implement them for the country to move forward.

Appealing to the citizens of the country not to lose faith and hope, the Speaker said: “This year’s Ramadan afforded many of us the opportunity to pray for the country. It is obvious that the country has some challenges.

“However, the challenges should not be left to the government alone. Every citizen of Nigeria is important and must play that positive role that would ultimately move the country from where it is now to where we want it to be.

“We are a religious set of people and the religions practised in the country teach us to live in love and peace with one another as well as be our neighbours’ brothers and sisters.

“More than ever, we have the responsibility to make the country habitable, devoid of criminal elements, and we must be resolute on this.”

The Speaker congratulated Muslims in Nigeria for witnessing the end of the Ramadan.

“Beyond the celebration, let us all endlessly practise the virtues of love, obey the commandments of Allah, ensure a peaceful, progressive and prosperous Nigeria and continue to pray to God for more grace,” Obasa urged.

Eromosele Ebhomele,
Chief Press Secretary to the Speaker,
Lagos State House of Assembly.

Continue Reading

News

Transport Ministry Defends Amaechi Against Hadiaza Bala Usman’s Claim Over N1.5B Fraud Allegations

Published

on

By

The Federal Ministry of Transportation says its minister, Rotimi Amaechi never asked the suspended Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman to award $1.5 billion channel management to two Chinese companies.

A national daily had on Tuesday claimed Amaechi requested that the two companies be selected to manage Bonny and Warri Channels, a request the NPA rejected because it violated due process.

Magdalene Ajani, permanent secretary of the ministry in a statement described the report as false.

“This is due to the fact that it is apparent that the intention of the story is to attempt to pre-empt the outcome of the panel’s work, unduly seek to personalise a serious national issue bordering on transparency and accountability in the handling of public finances and attempt to drag the HMT into the arena of brick-bats and mud-slinging in order to force a distraction from the assignment now being undertaken by the panel.

“It is however necessary to quickly clear the air on the weighty allegation contained in the article.

“It is to the above specific malicious and unfounded comments that this rebuttal strictly responds, as it borders on a deliberate attempt by the newspaper to drag the reputation and integrity of the HMT in the mud by an unfounded and malicious allegation, which is designed to hoodwink the Nigerian public, call into serious question the processes and standard operating protocols of the Federal Ministry of Transportation, and denigrate the person and standing of the Honourable Minister in the process.

“It is necessary to place on record that while ‘Channel Management’ contracts have been routinely awarded over the years by the Nigerian Ports Authority at a cost of between 50 and 60 billion naira on an annual basis, the Honourable Minister has adopted a firm position that the NPA should undertake the job of channel management on an in-house basis through the acquisition of the necessary machinery and professional capacity given the humongous annual sums paid out to dredging contractors by the authority.

“Indeed, following the expiration of the Channel Management contracts for the Lagos, Bonny and Port Harcourt Channels in 2020 and the initiation of the contractual process for the renewal of the said contracts early in 2021, the HMT on 22nd January, 2021, while responding to a request for the NPA to provide requisite details related to the proposed transactions directed in the following words:

“Para. 10 approved. There is the need for NPA to know that they should purchase their own equipment and not award any contract.

​“In light of the above, it is indeed difficult to reconcile the newspaper’s wild, malicious and unsupportable claim that the Honourable Minister insisted on the contracts being awarded to ‘two Chinese companies’ with the documented evidence of his position that the NPA was engaged in obvious profligacy and wastage of public funds to be spending over fifty billion naira (N50 billion) on an annual basis on contracts for which it could purchase machinery and build in-house capacity for greater long-term benefits. It is a mark of unprofessionalism and manifest unfairness, in our opinion, that in publishing this obviously sensational and targeted story, the newspaper did not consider it necessary to contact this Ministry for its side of the story before rushing to press to satisfy its sponsors.”

 

Continue Reading

News

Police Suspend Escorts For South East, Rivers Governors, Senators, VIPs (Photo)

Published

on

By

The Nigeria Police Force has ordered immediate withdrawal of personnel attached to governors, senators, public office holders and high profile persons in the South East.

This was decision reached following the incessant attacks on police formations and officers and in the region.

The directive was contained in a police wireless message shared by The Whistler.

The signal containing the information was dated “101054/05/2021” and with reference number 0900/DTS/DOPS/VOL47/812 and issued by the Commissioner of Police (DOPS), Asaba, Delta State.

It said, “Sequel to the incessant attacks on policemen/ snatching of arms and ammunition by the proscribed IPOB/ESN elements in the eastern states of Abia, Anambra, Ebonyi, Enugu and Imo States and Rivers State, COMPOL DOPS directs you warn personnel that escorts of their principals to the six (6) eastern states is suspended forthwith until security situation improves. Ensure strict compliance please.”

According to the publication, the acting spokesperson of the Delta State Police Command, DSP Edafe Bright, confirmed validity of the wireless message, but noted that it was not meant for the press.

“Firstly, the message that was sent out is not for press, so I don’t know how it got to you. Secondly, it is for policemen attached to VIPS not to escort their men to any part of the eastern state. That is the directive,” said Bright.

The South east and some parts of the South South regions have recently witnessed series of attacks on police stations, prison facilities and killing of police and other security personnel.

Last weekend, a total of 10 police officers were killed in Rivers and Akwa Ibom States while vehicles and police buildings were burnt.

The police are insisting that members of the Indigenous People of Biafra, IPOB, and their security unit, the Eastern Security Network, ESN, are responsible for the attacks even though the secessionist group led by Nnamdi Kanu, are persistent in their denial.

Continue Reading

Trending

%d bloggers like this: