‘Basic infrastructure crucial to financial inclusion’s growth’
Experts, including the Managing Director of Inlaks, Femi Adeoti, have reiterated this, adding that provision of basic infrastructure will also speed up the processes of bringing more Nigerians into the formal financial system.
‘Why forfeiture of deposits over BVN shouldn’t be allowed’
The Incorporated Trustees of Total Support for Rule of Law and Justice Initiative has faulted moves by the Federal Government to obtain a court order for the permanent forfeiture of all deposits in all of the nation’s 19 commercial banks without Bank Verification Number (BVN).
Dabiri-Erewa appeals for more for Nigerians abroad to register for BVN
Senior Special Assistant to the President on Foreign Affairs and Diaspora has appealed to both the Central Bank of Nigeria (CBN) and Attorney-General of the Federation (AGF), Abike Dabiri-Erewa....
CBN to hold banks accountable for BVN-related fraud
The Central Bank of Nigeria (CBN) has said it will hold commercial banks responsible for any fraud arising from failure to enlist individual customers into the Bank Verification Number (BVN) scheme.
FG urges NIMC to stop duplication of bio-data
Acting Secretary to the Government of the Federation (SGF), Habiba Lawal, said in spite of the commission’s success at data capture of registered persons in the country, there was still much more to be done.
Reserves back to $31b, CBN gives OFIs new BVN deadline
Central Bank of Nigeria (CBN) has extended the deadline for registration into the Bank Verification Number (BVN) project for Other Financial Institutions (OFIs) to December 31, 2017.
The tragic failure of pensions system
There is a big hole in the Pension Fund, and now the government has relaxed rules for the use of Pension Funds. Should BVN not be sufficient? Many pensioners have committed suicide; even so, pensioners still do not receive their money.
N5,000 monthly Stipend: Identity challenge, difficult terrain hampering programme
The Federal Government in January announced the commencement of the payment of N5, 000 monthly stipend to the poor and vulnerable in the country, through the CCT, an aspect of its Social Investment Programmes (SIP).