In Enugu, First Bank, the defending champions, and Dolphins have enjoyed an unbeaten run and certain to make the finals but the last round of games will produce the last qualifier.
Only on Wednesday, newcomers, Mountain Of Fire Women team lost 55-50 to Dolphins in one of the games decided in Enugu.
From Abuja, Nigeria Customs and Plateau Rocks have also enjoyed a splendid run so far in the race for the final phase.
The Final Six teams will compete at the Sports Hall of the National Stadium, Lagos between November 3rd and 7th.
Winner and 1st runners-up will represent Nigeria at the FIBA Zone 3 Women Champions qualifiers in Cotonou between November 12th and 15th.
The Group Managing Director of Zenith Bank, Peter Amangbo, has promised that the final phase will be more glamorous than the previous editions despite the abridged format of the current league.
Sterling Bank Plc has announced its full support for iCreateAfrica Skill Fest, Africa’s biggest vocational skills event to host the premier youth empowerment festival as part of its effort to deepen the process of skills acquisition and economic inclusion of young Africans across the continent.
The skills festival which is scheduled to hold this month aims to create an environment that encourages the phenomenal display of talents and skills by bringing the excitement and energy of a young emerging workforce alongside proactive organisations who understand that engaging the youth is the best strategy for addressing labour challenges on the continent.
Speaking on empowerment skills festival, Yemi Odubiyi, executive director, Corporate and Investment Banking at Sterling Bank, said, “Unlike any other vocational-based event, the iCreateAfrica Skills Fest will include a conference, exhibition and skills competition.
The skills competition would see the most talented technicians, artisans and innovators from more than 50 universities, polytechnics and vocational training centres in the country, showcasing their skills and competing for funding opportunities as well as exclusive internship programmes.
“In addition, there will be thought-provoking panel discussions on the current state and future of skills development across the continent by industry experts and top public service officials, while participating youths would be expected to demonstrate their skills in various fields, including bricklaying, plumbing, carpentry, hairdressing, garment making, robotics, web and graphic design, software development, among others.”
According to the organisers, the iCreateAfrica exhibition would bring top manufacturers, employers, sponsors and clients face to face with the very best vocational experts, innovators and a pool of young creative minds doing phenomenal things on the continent.
The event is open and free to the public but only youths between the ages of 18 and 30 are eligible to enter the skills competition, while small and medium enterprises (SMEs), multinationals and indigenous companies are expected to exhibit the quality and diversity of their products at the exhibition.
Other partners and sponsors of the event are Abuja Chambers of Commerce and Industry, Nigeria Employers Consultative Association (NECA), Oxfam, GIZ, Nigerian Television Authority (NTA), Bon Hotel, Sound City, Trace T.v, Cachez, Creandolo and Federal Government of Nigeria Industrial Training Fund (ITF).
iCreateAfrica Skills Fest 2018, would expose young Nigerians and other participants from across Africa to the value and promise which the vocational sector holds as well as shed light on the indispensable role of vocational skills in the growth and evolution of the African economy.
With a focus on the youths and the upcoming generation, the visionary event will pioneer a new generation of credible, innovative and excellent vocational experts who would positively impact Nigeria and other African economies.
Heritage Bank Plc has stressed the need for sustained collaboration between banks and financial technology companies (fintechs). This will support Central Bank of Nigeria’s (CBN) drive for financial inclusion and promote economic growth.
Managing Director of Heritage Bank, Mr. Ifie Sekibo, said this while delivering a goodwill message at the 2018 Annual National Conference of the Finance Correspondents Association of Nigeria (FICAN) held in Lagos, recently.
Sekibo, was represented at the event by the bank’s Divisional Head, Corporate Compliance, Mr. Wumi Adeniyi.
Sekibo, pointed out that over the years, Heritage Bank has developed solutions to promote financial inclusion.
He said Heritage Bank had taken bold steps to boost the CBN’s initiative of reducing the numbers of unbanked Nigerians the country, by offering financial services to the nooks and crannies of Nigeria thus providing access to the under-served markets.
“We all agree that our target is to achieve acceleration of financial inclusion. Those who are financially excluded are majorly technologically excluded.
“That means that we cannot push financial inclusion if we do not also push technology inclusion. We believe that by partnering fintechs, the financial services industry will push for inclusion and improve the economy. “That is because the financially excluded persons actually constitute a gap in the financial system and there is no way we can create a perfect economy except we bring all these people on board.
“Another issue is that the older generation is averse to technology because they have not been exposed to it and the fear of fraud. The CBN and the banks will continue to improve on our technology space.
“We might still have issues, but with the creation of the Consumer Protection Department of the CBN, the customers are sure of protection.”
The Central Bank of Nigeria has withdrawn the operating license of Skye Bank. Umaru Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (NDIC), made this known to journalists on Friday, September 21, 2018.
Umaru said the NDIC in collaboration with the Central Bank of Nigeria (CBN) has approved that a bridge bank will be established.
Addressing journalists, Godwin Emefiele, CBN governor, said the bridge bank, Polaris Bank, will take on the assets and liabilities of Skye Bank.
“Consequently, Polaris Bank Limited has been issued operating license by the CBN and shall commence banking business from today, Friday, 21st September,” Umaru said.
“The operating license of Skye Bank has been revoked by the governor of the Central Bank and the NDIC has commenced its liquidation.
The capitalization of Polaris Bank Limited is being done by the Assets Management Corporation of Nigeria through the injection of about N786 billion to return the bank to soundness and profitability so as to enable its subsequent sale to credible and financially sound third-party acquirers.”
Emefiele said that although the bank’s performance improved after July 2016 when the Assets Management Corporation of Nigeria and the CBN stepped in.
“The result of our examinations and forensic audit of the bank revealed that the Skye Bank requires urgent recapitalization as it can no longer continue to live on borrowed times with indefinite liquidity support from the CBN.
“We wish to assure all depositors that under this arrangement, their deposits shall remain safe and that normal banking services shall continue in the new bank on Monday, 24th September 2018, to ensure customers to transact their businesses seamlessly.”
The shares of Skye Bank will be temporarily suspended on the Nigerian Stock Exchange and Polaris Bank will begin operations on Monday in all Skye Bank offices.
Dare devil robbers, Thursday evening reportedly invaded Igarra, headquarters of Akoko-Edo local government area of Edo state and attempted to rob the two banks in the town; Unity Bank and keystone Bank and in the process, not less than 12 persons including a policeman were feared killed.
Also among those reportedly killed in the police station were two detainees who were said to have been arrested yesterday morning for minor offences; one of them was reportedly arrested for incomplete vehicle particulars.
As at the time of this report, the Police Public Relations Officer, Chidi Nwabuzor said information about the attack was still sketchy and would release more details later.
COLOSSUS GISTS gathered that the armed men had first attacked the police station which is about 1.2 kilometre from the banks apparently to demobilise the only means of neutralising their act where they burnt the official vehicle of the newly posted Area Commander and killed a policeman.
Three other persons near the police station were also reportedly killed. At least four other persons were reportedly killed within the premises of the two banks apparently in anger as it was gathered that the armed men could not get access to the vault of the banks.
One of the youths in the community Ofei Obende said they tried to resist the robbers but were overpowered by their firepower but said that the police in the banks had an exchange of gunfire which he said was responsible for the death of the three unidentifiable bodies. He said another unknown person was caught in the crossfire and could help police in their investigation.
The Palace Secretary to the paramount ruler of the community, Otaru of Igarra, Elder Folorunsho Dania who confirmed the incident and added that
“This is a serious case, armed robbers have besieged Igarra so many lives killed, ten dead persons have been counted. The police station set ablaze, the Area Commander’s new car set ablaze because we have an area commander now, then close to the police station, three people were killed and in the banks too; Keystone and Unity Banks many persons were killed and the banks raided, it is a calamity.
“In all, ten lives have gone. They could not access the strong room of the banks. The people that were killed in bank were outside the bank premises.
Four persons killed within the bank premises, a policeman killed in the police station then a stone throw from the police station, three persons were killed, the car of the new area commander was set ablaze.
Igarra is in a war scene, I am right at the police station. It would be recalled that six persons were killed in a similar manner in November 2015 when armed robbers invaded the community.
The spread of mobile phones and cellular networks are facilitating easier access to financial services in hard-to-reach population and small businesses at low cost and risk in developing countries.
Managing Director and Chief Executive Officer of Sterling Bank Plc, Mr. Suleiman Abubakar, said this while delivering a paper as guest speaker at a breakfast roundtable organized by the Financial Services Group of the Lagos Chamber of Commerce and Industry (LCCI) on deepening financial inclusion through data analytics and financial technology in Lagos recently.
Abubakar, who was represented by Sterling Bank’s Chief Information Technology Officer, Mr. Olayinka Oni, noted that in the context of financial inclusion, “Fintechs hold tremendous potential, challenging old business models with greater speed, accountability and efficiency at a cheaper cost.”
He said access to financial products and services were becoming more attainable than ever for consumers that live in rural locations or regions without the equipment and infrastructure of a modern economy due to the prevalence of mobile phones and cellular networks.
Abubakar said financial institutions and fintechs could objectively use data analytics to extend credit to consumers who previously had to contend with sometimes exploitative informal credit because they had no formal credit history.
He said it was essential for a country to have strong political commitment and coordination across relevant stakeholder groups in both the public and private sectors of the economy to achieve financial inclusion.
In addition, the country must put in place wide-reaching policies that promote responsible financial access, financial capability, innovative products and delivery mechanisms, the guest speaker said.
He stressed the impact of data on financial inclusion, saying as customer transactions around the world become increasingly digitized, data analytics can shed light on patterns such as how frequently and for what purposes customers use their accounts to provide some benefits for financially excluded customers.
“Benefits that can be obtained from this approach include insights on financing, accelerating customer product adoption, improved marketing effectiveness, and agent network optimization,” he said.
Alhaji Lai Mohammed at The 61st Meeting of UNWTO CAF Held at The Congress Hall of The Transcorp Hilton Hotel, Abuja
Minister of Information and Culture, Alhaji Lai Mohammed has challenged the Central Bank of Nigeria, CBN, to spur more actions in the electronic payment system to fully exploit the potentials of the sector in economic growth and development.
The minister who was guest at the Electronic Payment Providers Association of Nigeria, (E-PAAN) media workshop in Lagos recently, however, commended the CBN for taking several measures which have seen a tremendous improvement in the overall Nigerian e-commerce sector.
The CBN was a major partner of EPPAN in the organisation of the media workshop which aimed at designing a more robust, recognized and nationally utilized electronic payment system in Nigeria.
The electronic payment system which includes online mobile transactions, ATM withdrawal, Point of sales POS, and others is currently on the fast rise all over the world showing a strong move towards digital and e-payments.
Developments in the sector prompted the coming together of stakeholders to deliberate on issues with a view to harnessing good suggestions that will improve payment system in the country. The deliberations are also expected to strengthen consumers’ confidence in the safety, security, and reliability of payment systems.
In a paper he delivered at a media workshop in Lagos, titled: “The Nigerian Payment System: The journey so far”, Director, Banking and Payments System Department of Central Bank of Nigeria, Mr. Dipo Fatokun said: “This National Media Workshop is aimed at getting stakeholders in the payment system closer to the media team for a better understanding of information about the sector and enhancing our collective knowledge on how issues are reported in order to ensure a stable and sound financial system.
Fatokun noted that so far, the CBN in collaboration with other stakeholders have improved the country’s Payment System through Nigerian payment system Vision 2020.
Part of the initiative he said the CBN has used to improve the sector, included the implementation of Nigeria Uniform Bank Account Number (NUBAN) which has significantly reduced electronic card frauds and helped to put more confidence in the utilization of cards as a means of payment;
Cash-less initiative which has reduced the cost of cash management; Establishment of Nigerian Electronic Fraud Forum (NEFF) to provide a centralized information sharing platform on fraud;
licensing 25 Mobile Money Operators to develop products and financial services that would be accessible to the banked and unbanked population;
Agent Banking as a delivery channel for electronic payments channels in Nigeria where merchants, consumers and salespersons are rewarded either on points or cash basis among others.
licensing 25 Mobile Money Operators to develop products and financial services that would be accessible to the banked and unbanked population;
Agent Banking as a delivery channel for electronic payments channels in Nigeria where merchants, consumers and salespersons are rewarded either on points or cash basis among others.
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Being predictable is not something most people aspire to. Unless you’re a central banker.
Mark Carney, the governor of the Bank of England, and his eight colleagues on the Monetary Policy Committee, are striving to become more predictable in signaling when Britain’s interest rates will rise again. They had for weeks hinted that a hike was due Thursday and investors were prepared.
Then all those assumptions were dashed by weak economic figures.
As recently as a couple of weeks ago, financial markets were factoring in a 90 percent probability that the central bank would increase in May its base interest rate by a quarter point to 0.75 percent. Now it’s just 10 percent or so.
That has roiled markets, first driving the pound to its highest since the June 2016 Brexit vote and then down sharply again.
“It has been a wild ride,” said Stefan Koopman, an economist at Rabobank. “Market expectations of a rate hike in May, which nearly looked like a done deal, have almost completely vanished.”
What happened? Two things mainly.
First, official figures showed that the British economy barely grew in the first three months of the year. The 0.1 percent quarterly growth was partly due to some snowy weather — the so-called “Beast from the East.” But it wasn’t just that. The data suggested that uncertainty over Brexit is affecting businesses and consumers.
The muted growth further cemented Britain’s place in the slow lane of major economies. Before the country voted to leave the European Union in 2016, it was one of the fastest-growing Group of Seven economies, now it’s one of the slowest, with Brexit uncertainty one of the reasons why. Britain is due to leave the EU in March 2019 but it’s still unclear how it will do so and that’s weighed on business sentiment in particular. Consumer spending has also been hobbled by the Brexit vote, in that it prompted a sharp fall in the value of the pound, which raised the cost of imported goods and pushed inflation way above the bank’s target of 2 percent.
The second reason why the Bank is set to keep rates on hold now is that inflation has come down faster than it was predicting in May. At last count, consumer price inflation had fallen to 2.5 percent. By contrast, the bank in February was forecasting it would be nearer the 3 percent mark, suggesting it would have to raise interest rates to bring inflation back down.
And with no clear signal of what future relationship the government of Prime Minister Theresa May will negotiate with the EU, financial markets have concluded there’s very little reason for the bank to raise its interest rates now.
Carney and his peers may suggest that the possibility of a rate hike has only been delayed, say to August, by which time there should be evidence that the economy gained momentum in the second quarter. By then, the British economy should finally be benefiting from the fact that wages are running higher than inflation for the first time in over a year, a development that should buoy consumers.
That may be the central bankers’ plan, but as the last three months have shown, nothing is that predictable.
Copyright © 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
ISO 27001 is the current international benchmark for Information Security Management
Heritage Bank Plc, Nigeria’s most innovative banking service provider, has achieved the Information Security Management Certification from International Standards Organisation (ISO).
This certification also known as the ISO 27001: 2013 is part of the ISO 27000 family of standards which helps organisations keep information assets secure.
The certification was achieved on the heels of the bank’s drive to revolutionalise the banking sector digital experience with Octopus, by putting in place a systematic approach to managing sensitive organisational information, ensuring it remains seamless, secure and available.
The Octopus platform owes numerous benefits to the users, thereby enable small businesses key into electronic payment system easily, efficient collections, social integration, retention strategy, bills payment, mobile virtual top-up, funds transfer, balance inquiry, movie show time, news.
With the introduction of Octopus, the ISO 27001: 2013 Information Security Management Certification is proof of the Bank’s demonstrated ability to consistently provide products and services that gives service consumers and customers an easily recognizable security hallmark.
Speaking on the award received, The MD/CEO of Heritage Bank Plc, Ifie Sekibo reiterated the bank’s commitment for secured services, whilst assuring customers that their information is appropriately protected and, as such, reduces the need to undertake time consuming and costly onsite security audits reducing time and cost for both parties.
According to him, the certification demonstrates credibility and trust, which reduces customer and supply chain audit and ISO 27001 certification reduces third party scrutiny of your Information Security Management by customers and the wider supply chain.
“The achievement of ISO 27001 will differentiate two competing organisations in the market place, providing a valuable competitive advantage. Increased legislative and regulatory compliance ISO 27001 supports compliance with relevant laws such as the Data Protection Act 1998 and software copyright legislation. This in turn reduces the risk of facing prosecution and fines. An organisation’s liability in security incidents may be reduced if it is certified ISO 27001 compliant,”
He further explained that it reduces customer and supply chain audit, stating that ISO 27001 certification reduces third party scrutiny of your Information Security Management by customers and the wider supply chain.
As ISO 27001 is the current international benchmark for Information Security Management, it is increasingly recognised that compliance with the standard is supportive evidence of adequate security. Considerations and outcomes To achieve ISO 27001 certification, an organisation must produce documentation that demonstrates that it has developed an Information Security Management System that complies with the standard. Organisations should consider producing most of this documentation even if they are not going for certification as it provides a best practice approach for compliance as well.
There are three key issues to note about the standard: Its generic requirements mean that it is applicable to all organisations, regardless of size, type or nature.
However, you tailor it to the exact needs of your organisation through the information security controls that you select to implement within your Information Security Management System. It takes a flexible, risk-driven approach.
It is dynamic – it focuses on continual improvement and helps the organisation keep ahead of changes both within and outside the organisation.
The Beauty Souk fair was conceived last year to give female entrepreneurs access to new markets. Cosmetologists, makeup artistes, beauticians, beauty bloggers & buyers were recently hosted in Lagos to the biggest beauty products and services fair.
Titled The Beauty Souk, the event was powered by Nigeria’s leading supporter of small businesses, Diamond Bank Plc and organized by leading event’s organizer- Eventful Nigeria.
Guests and celebrities in attendance enjoyed numerous activities & freebies ranging from masterclasses from leading experts in the beauty sector to makeup tutorials, cash prizes, beauty makeovers and also heavily discounted products.
According to Diamond Bank, the Beauty Souk fair was conceived last year to give female entrepreneurs access to new markets and is a further demonstration of the Bank’s #bankonher campaign.
Below are photos from the well-attended event:
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The Beauty Souk 2018 showcased products and services ranging from spas, facial lashes and brows, massages and treatment, makeup artistes’ products and services, nail services and products, hair weaves, wigs and extensions, hair products, stylists, skin products and services, aesthetics and cosmetic medicine, beauty bloggers and Online Lifestyle reporters.
One of the highlights of the two-day event was an onsite studio for beauty shots by Kelechi Amadi-Obi and master classes for make-up artists that was taken by renowned international and Nigerian beauticians.
The Bank also had a list of top celebrities at the Souk. Beauty enthusiasts all had the opportunity to interact and take memorable shots with them at the onsite studio.
Heritage Bank Plc, Nigeria’s most innovative banking service provider has taken a bold step to revolutionalise the banking sector with the introduction of an advanced intelligent digital experience known as Octopus.
The solution which is full-fledged digital bank, has been described by financial technology experts as a game-changing innovation that is poised to connect all your bank accounts with your Debit Card details or account holder information.
Octopus by Heritage Bank represents an omni-channel multi-platform experience squarely targeted at the customers of tomorrow; young, smart, professional, tech savvy pioneers of the new digital economy. Bank agnostic, Octopus will provide all customers of any Nigerian Bank the opportunity to access a platform that consolidates and connects all their Bank accounts delivering convenience and ease of access on an innovative platform and digital community
It is designed to deliver omni-channel user experience across multiple devices; where most of customer’s daily city activities (banking, cinemas, stock markets, social interactions, churches, universities, meetings, restaurants, utility [e.g. DSTV, PHCN], fans clubs, associations and any other communities) have been digitized and consolidated.
It serves as a single window into several players of the same industry and it is embedded in the same social media platforms where people are such as Facebook and Telegram.
Announcing the launch of Octopus, the Managing Director of Heritage Bank, Ifie Sekibo described this initiative
“as a truly intelligent adventure that does everything differently. According to him, Octopus is an intelligent digital experience that combines digital transactions and a community lifestyle that empowers customers with the power to build their world and perform digital transactions how they want.”
He further added that Octopus would be available across all major platforms, including the revolutionary Octopus Bot on the Telegram platform, Facebook as well as Octopus Apps on the Google Play store (for Android) and Apple store (for iOS), which could be used by non-Heritage Bank’s customers.
All the information customers would need to begin to enjoy the Octopus service is available on www.octopus.ng
The platform owes numerous benefits to the users, thereby enable small businesses key into electronic payment system easily, efficient collections, social integration, retention strategy, bills payment, mobile virtual top-up, funds transfer, balance inquiry, movie show time, news.
Other benefits involve, engage customers, send messages, aadvertise, auto reminders for due payments, sell products, visible to millions, automatic product recommendation, create any kind of community and engage them freely.
Some of the transaction types including both domestic and Intra-Africa, the transaction channels are mobile devices, tablets and desktops, whilst the acquiring platforms are Mobile App, mobile USSD-based App and internet banking.
The organizers of the Access Bank Lagos City Marathon has officially confirmed introduction a 10km race during next year’s edition of the event. Two cars donated by GAC Motors have also been confirmed as the top prizes up for grabs by the winners of the Men’s and Women’s 10km races.
These latest cheering developments were announced on Tuesday by Bukola Olopade the Project Consultant for the Access Bank Lagos City Marathon. Olopade explained that the introduction of the 10km races was geared at bringing more participants on board and further make the Lagos Marathon one of the top events on the athletics calendar across the world.
According to him, the 10km race is opened to any individual resided in Nigeria regardless of their nationality.
“We have approved the 10km race for next year marathon, this will bring more excitement to the Access Bank Lagos City Marathon,” he said.
“We are very grateful to GAC Motors for the two cars they have donated for the winners of the men and women’s 10km races.
“Whether you are Chinese, American, British or even Japanese, once you are resident in Nigeria you are qualified to take part.”
It is understood that athletes outside Nigeria cannot take part in the 10km race but can give a shot at the Marathon.
With the confirmation of the car prizes, it is expected that more people will step up their preparations in order to win big at the Access Bank Lagos City Marathon.
A survey from different parts of the country shows that thousands of Nigerians, from professional runners to fun runners, are interested in the 10km event.
Organizers of the marathon will have to work hard on logistics as there could be over 100,000 participants in the 10km race alone.
The first two editions of the marathon, limited to just the 42km elite race, had over 50,000 participants in 2016 and over 70,000 participants in 2017 during the second edition.
Are you a fashion entrepreneur? Do you make or sell quality clothes and accessories? Do you want to showcase your products at the upcoming GTBank Fashion Weekend? If yes, then this is for you.
The GTBank Fashion Weekend, which is aimed at promoting enterprise is calling for fashion entrepreneurs who would like to make massive sales during the event to register for a retail space.
The first edition of the GTBank Fashion Weekend attracted over 30,000 guests over the 2-day period and more than 90 Small Businesses grabbed the opportunity to exhibit, sell and connect with consumers, as well as discover new markets. According to the testimonials of some vendors from last year, sales were made in millions in just two days, an amount that some would have made in months.
This year’s Fashion Weekend promises to be bigger and is scheduled to hold on 11th and 12th of November, 2107, at Landmark Event Centre, Victoria Island, Lagos. So, why sell small when the world is buying big? To register to apply for a Retail Space at the GTBank Fashion Weekend, kindly hit the link below.
Note that registration does not guarantee a slot, however, the process is FREE!
Pan-African financial services group, United Bank for Africa (UBA) Plc, has once again added to its growing list of laurels by emerging best institution in two esteemed categories at the prestigious Interswitch Awards and Gala.
UBA , beat other nominees in its category, taking away the prize for the Fastest Growing Bank Partner given to the bank with the most impressive performance in Verve card issuance and the Payment Innovation Driver for Trade Finance.
Both awards further lend credence to the banks dominance in the digital banking space.
The award which is a recognition of innovative products and services introduced by the bank in recent times, targeted towards meeting customer needs, comes on the heels of recent awards hauled by UBA, including Finnacle Client Innovation Awards, and Best Bank Awards won by its five subsidiaries across Africa by The Bankers Magazine.
Receiving the award at a colorful and well attended event, the Group Head, Consumer and Digital Banking, United Bank for Africa, Dr. Yinka Adedeji, appreciated the organizer’s for the recognition noting that UBA’s dedication to hard work and particular emphasis on quality to customer needs are been acknowledged. According to him, the award affirms the Bank’s strong management and un-matched commitment to service excellence.
“This only goes to show that our resolve in continuing to deploy innovative solutions that puts customer first by using cutting edge technology for consumer satisfaction and excellent banking experience is important to us. This recognition will further spur us to do more in meeting the needs of our customers with unequalled service hard to find elsewhere”. said Adedeji.
UBA is one of Africa’s leading banks with operations in 19 African countries including having presence in global financial centers; New York, London and Paris. Adjudged to be at the forefront of innovation and convenience banking, UBA is one of the first financial services institutions on the continent to deploy Finacle 10x, a new information technology platform to boost its services and electronic banking channels. Today, UBA provides banking services to some 11 million customers globally, through diverse channels and several thousand touch points
The Nigerian Communications Commission, (NCC) on Thursday said it was partnering with the Central Bank of Nigeria (CBN) to sensitise customers on mobile money banking fraudsters.
Prof. Umar Danbatta, the Executive Vice Chairman of NCC made this known at the Consumer Conversation Forum held in Minna.
The forum was the fifth Consumer Conversation Forum organised by the commission within the North Central geopolitical zone.
Danbatta, who was represented by the Zonal Operations of NCC, Ms Helen Obi said it was important for the bank to talk to other banks to sensitise their customers on the issue.
According to the NCC boss, the sensitization is not to allow customers fall prey to fraudulent banking activities, especially as it regards to the disclosure of their Bank Verification Number (BVN).
“We entered a Memorandum of Understanding with the CBN to try and sort out the challenge customers are having with mobile money banking, especially with BVN.
“The reason for the MOU is to enlighten them to ignore deceitful or fraudulent message if sent to their mobile phones,’’ he said.
Danbatta said that the Consumer Conversation Forum was aimed at protecting, educating and empowering telecom consumers to know their rights as they played a strategic role in ensuring sustainable growth and development in the telecom sector.
He said that the commission was not leaving any stone unturned in ensuring that consumers got satisfaction from the services rendered by their telecom operators.
He debunked insinuations that the telecom masts transmit hazardous radiation as widely believed, saying `it is wrong’’.
“The antenna is positioned far away from human reach, therefore doesn’t pose any risk to human life.
“The commission has put in place guidelines that regulate the installation of telecom masts as well as consideration of environmental factors.
“Empowering the consumer is one of the commission’s driving forces for the year having declared it as the Year of the Telecom Consumer,” he said
He urged consumers to take advantage of sending “STOP” to the 2442 code to stop all unsolicited text messages, or “HELP” to the same code to be availed with options of interest.
He called on consumers to make their complaints to the commission via its toll-free line -622 if they were not satisfied with services from their telecom operators.
One of the participants, Mr Abdulahi Musa, the Desk Officer, Abdulsalami Youth Centre, Minna said that the forum was an opportunity for consumers to discuss the problems they encountered in their networks.
Musa said that the forum was a welcome development, adding that NCC should ensure that it was taken to every zone in the country.
Another participant, Mr Ahmed Bello said that NCC should ensure that all problems discussed in the forum were given adequate attention.
Get your mind off it! This is no scam… lol! Nobody is trying to corrupt you here and I’m definitely not trying to teach you how to hack into an ATM machine. This post is entirely about something legit – withdrawing your money from an ATM even if you forgot your ATM card at home or can’t find it at that moment.
If you’re like me, you probably leave things behind a lot – especially ATM card. Or maybe you just assume that you have them with you only to find out you didn’t when you need them. That’s why some of us take some “vex money” with us to avoid embarrassment,
By now, you’re probably asking: “so after all the rant, what’s the way out?” Simple. The answer is Paycode1!
Yes, you read that right: You can withdraw cash from the ATM without your ATM card.
It sounds a bit crazy, but I’ll break it down. It’s ‘kuku’ why I’m here.
So this is how it works:
Let’s say you’re a GTBank customer and want to withdraw at the ATM, just dial *737*13* on your phone, type the amount you want to withdraw, press # then send.
A code and a cash-out PIN will be generated for you. You’ll use the cash-out PIN you chose while generating the Paycode to withdraw your money at the ATM.
To use the Paycode at the ATM, press any key or Enter on the ATM, select Paycode cashout and follow the prompt to withdraw your cash.
It’s that simple!
Here is a list of all the Banks that are currently on the USSD Paycode platform.
Paycode
If your bank is currently not on the list, not to worry, I hear more banks will be added soon.
Ehen, lest I forget, besides using your bank’s USSD, you can also generate a Paycode using your bank’s internet banking platform, their mobile app, Verve World website and Verve World mobile app too.
So there you have it. An easy and legit way to pay for stuff and withdraw money without your ATM card. ☺
No more unnecessary embarrassment, no more getting stranded every time, no more losing your ATM card and rushing to the bank to block it. Now you can just keep it at home, resting under your pillow. All you need to carry out your transaction is your phone.
If you’d love to know about Paycode, just click here.
Paycode Quote of the day:
“’Vex money’ might not be enough, wallet and ATM card might be nowhere in sight, you may start feeling like you’re stranded, but blessed are you if you have your Paycode.”☺
Herbert Wigwe, Group CEO of Access Bank Plc has been voted the Most Reputable Nigerian Bank CEO in the latest ranking poll of Reputation Management Agency, Reputation Poll with leading PR and Rating Agency, Avance Media and the Institute of Leadership and Management after beating competition off from other 19 CEOs of commercial banks in Nigeria in a public poll.
The 50 years old CEO, since assuming office in January 2014, Mr. Herbert through very challenges have been able to keep the head of the bank high in the industry.
Herbert who is also an Alumnus of the Harvard Business School Executive Management Program served as the Chairman of Access Bank Ghana Limited and is the current Chairman of Access Bank (UK) Limited.
The poll which is been undertaken across various countries, recently had his Ghanaian counterpart, Dolapo Ogundimu, CEO of Access Bank Ghana also been voted the 2017 Most Reputable Ghanaian Bank CEO.
Forbes ranked entrepreneur and founder of Reputation Poll, Barr. Rex Idaminabo in a short statement admonished the leadership of Mr. Herbert Wigwe in the Nigerian Banking Industry as endorsed by the participants of the public poll and asked he and other CEOs create very easily accessible platforms where they can mentor young Nigerians to become very diligent in business.
More information from the poll can be accessed on www.reputationpoll.com/
Reputation poll is a South African research-based, global performance-management consulting company.
Source
Prince Akpah
Dolapo Ogundimu, CEO of Access Bank Ghana, has been
voted the Most Reputable Ghanaian Bank CEO in a ranking poll led by
South African based Reputation Management Agency, Reputation Poll and
leading PR and Rating Agency, Avance Media.
The ranking poll which featured all 34 distinguished
leaders of Class 1 Banks in Ghana, had Mr. Dolapo Ogundimu emerging
the Most Reputable Bank CEO with by 17% of votes from the over 3000
voters who participated in the polling exercise.
Mr. Dolapo Ogundimu, who has schooled at both Harvard
and Columbian Business School was also formerly MD of Access Bank Plc
Nigeria and Guaranty Trust Bank Ghana before taking up his current position
in 2012.
Emerging 2nd in the poll was Ms. Patience Akyianu,
MD of Barclays Bank Ghana who also earned the leading spot among the
only 4 female bank CEOs in Ghana alongside Marufatu Abiola Bawuah of
UBA Ghana who took the overall 7th position.
Forbes ranked entrepreneur and founder of Reputation
Poll, Barr. Rex Tonye Idaminabo admonished all the Bank CEOs in Ghana
and urged them to use their experiences to mentor young people to become
better business leaders across the continent.
Below is the full list of Reputationpoll.com’s 10
Most Reputable Ghanaian Bank CEOs
- Dolapo Ogundimu -- Access Bank Ghana Limited
- Patience Akyianu -- Barclays Bank of Ghana Limited
- Philip Oti-Mensah -- OmniBank
- Stephen Antwi-Assimeng -- UT Bank Ghana Limited
- Henry Oroh -- Zenith Bank Ghana Limited
- Frank Adu Jnr. -- CAL Bank Ghana Limited
- Marufatu Abiola Bawuah -- United Bank for Africa Ghana Limited
- Jim Baiden -- Fidelity Bank Ghana Limited
- Sionle Yeo -- SG-Ghana Limited
- Daniel Asiedu -- Agricultural Development Bank
More detailed information (number of votes, full ranking,
total voters) on the ranking are also available on www.reputationpoll.com/
Source
Prince Akpah
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