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ALL YOU NEED TO KNOW ABOUT THE 2016 CARD EXPO AFRICA

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CBN CardExpo Africa 2016 seeks to connect buyers and suppliers of Retail payments’ and eCommerce technology and services through our platform which is Nigeria’s largest vendor marketplace for card and mobile payment in Africa.

The CardExpo Africa 2016 is in top gear to deliver beyond expectations. We have signed on board major eCommerce companies and are poised to expose them to a collection of complementary service providers in Logistics, Payments switches and wholesales for broader stock options.

Ecommerce is driving massive economic growth across Africa. Currently, retail payment claimed a larger volume in mobile and web payment in 2014.

Investors interested in Africa can look forward to unique openings and possibilities in this segment.
An array of expert analysts, thought leaders and decision makers are lined up to discuss, interact and postulate the future of eCommerce in Africa with Nigeria as the springboard. They include:

The prospective Keynote Speakers Mr Godwin Emefiele, Governor CBN (Special Guest of Honor), Mr. Suleiman Barau Deputy Governor Operations CBN (Special Guest of Honor), Mr. Chidi Umeano Director Shared Services CBN (Guest Speaker), Mr.Gunther Mull CEO Dermalog Germany (Guest Speaker), Mr. Eyo Bassey Francis MD/CEO Payporte.com (Guest Speaker), Mr. Herbert Wigwe MD/CEO Access Bank (Guest Speaker), Mr. Ifie Sekibo MD Heritage Bank (Guest Speaker), Mr. Timothy Oguntayo Manging Director Skye Bank (Keynote Speaker), Mr. Peter Amangbo Managing Director Zenith Bank (Keynote Speaker).

The Conference Speakers Mrs. Omokehinde Ojomuyide Vice President & Area Business Head MasterCard Worldwide, Mr. Marek Zmyslowski MD HotelOga, Kushal Dutta’s Managing Director Jovago.com, Mr. Ade Ashaye Country Manager Visa West Africa, Mr. Sefik Bagdadioglu Managing Director Kaymu Nigeria, Juliet Ehimuan, Country Manager, Google Nigeria, Mr.Barry Coetzee, CEO iVeri Payment Technology, South Africa, Mr. Obinna Ekezie MD Wakanow.com, Mr. Valentine Obi Chief Executive Office eTranzact International Plc, Mr. Shola Adekoya, MD Konga Nigeria, Akua Nyame-Mensah Managing Director Larmudi.com

The conference will commence from June 14th to June 16th at Eko Hotel, Victoria Island Lagos.The culmination of the conference on June 16th is an Awards and Dinner Ceremony which would play host to top executives’ of the Retail Payment and ecommerce industries.

It will take place on Thursday 16th June, 2016 at Eko-Hotel & Suite, Victoria Island Lagos. The CBN CardExpo Africa Dinner and Awards will be hosted by Multi-Award winning international Broadcaster, Wofai Samuel.

This spectacular evening presents an opportunity to celebrate industry egg-heads among the cheers and admirations of peers.

Alongside the industry awards and recognition,
members of the audience will win up to One Million naira in shopping vouchers courtesy of Konga.com.
Visit www.cardandatmmobilexpo.com for more information.

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Controversial Sterling Bank caught in the act! CBN sanctions, parades officials for hoarding new naira notes [VIDEO]

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Officials of the Central Bank of Nigeria (CBN) have discovered N6 million of the new naira notes hoarded in Sterling Bank Plc, Ado Ekiti branch on Bank Road, Ado Ekiti in Ekiti State, having received the funds for over two weeks, THE WITNESS reports.

 

In a trending video on social media, seen by THE WITNESS, a man who identified himself as Oluwole Owoeye, a deputy director of CBN, while monitoring the distribution of the new naira notes in the state, was seen questioning the bank officials as to why they have not uploaded the funds into their Automated Teller Machines, (ATMs), despite having six of the machines in place.

 

The CBN director also announced a fine of N1 million for each day the fund was in the bank’s custody.

 

The CBN official said, “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. They have N6 million, which they collected from the bank for almost two weeks, they have not disbursed any. They said they are yet to configure their ATMs, I do not know why that and I have brought attention to the penalty clause of N1 million per day, because they have five ATMs here, they have no reason for keeping this money.

 

“The zonal service manager, Tunde Onipede promised that by 10:00am latest tomorrow (Monday), because I told him by latest 10:00 am I’ll be here and I want to see the machine dispensing this money.

 

“What is the name again? Olumide Owolabi (Service Manager, Ado) & Motunrayo Babayele. My name is Oluwole Owoeye and I am a deputy director of CBN.”

 

WATCH VIDEO HERE:

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FCMB Manager Arrested For Hoarding New Naira Notes

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A manager of the First City Monument Bank (FCMB) branch in Osogbo, Osun State capital, has been arrested for allegedly preventing Automated Teller Machines (ATMs) loaded with cash from dispensing money to customers.

The spokesperson of the Independent Corrupt Practices and other related offenses Commission (ICPC), Azuka Ogugua, in a statement on Friday said the cash bundles were loaded into the ATMs while still wrapped, and as such, could not be dispensed through the machines

“The ICPC Compliance Team in Osogbo has busted an FCMB in Osogbo, Osun State, where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed.

“The Team, therefore, directed that the wrappers be removed, and the cash loaded properly’.

Similarly, seven Point of Sale (POS) operators as well as a security guard were arrested during the ongoing exercise in Osun State for charging exorbitant commissions for cash.

Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

The arrested persons are helping the Commission with information to assist investigations and bust any syndicates involved in the hoarding or sales of the redesigned notes.

 

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New naira: ICPC arrests Stanbic IBTC Bank manager over sabotage

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The Independent Corrupt Practices and other related offences Commission (ICPC), has arrested an official of Stanbic IBTC Bank in Abuja for alleged sabotage.

The ICPC spokesperson, Azuka Ogugua, said the development was in continuation of ICPC’s clampdown on elements frustrating efforts in making the redesigned Naira notes available to members of the public.

The bank official, who is the branch service head of Stanbic IBTC Bank, Deidei Branch in Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATMs) even when the cash was available and people were queuing at the ATM points.

The statement reads: “When the ICPC monitoring team stormed the bank at about 1:30pm on Friday to ensure compliance, and demanded explanation as to why all the ATMs were not dispensing cash, the team was informed by the branch’s head of operations that the bank just got delivery of the cash.

“However, facts available to the ICPC operatives indicated that the branch took delivery of the cash earlier around 11:58am and either willfully or maliciously refused to feed the ATMs with the cash.

“Against this backdrop, the ICPC team compelled the bank to load the ATMs with the redesigned Naira notes and ensured that they were all dispensing before arresting the culprit.

“The ICPC said investigations were still ongoing and the Commission will take appropriate actions as soon they are concluded.

“Similarly, seven Point of Sale (PoS) operators as well as a security guard were arrested during an ongoing exercise in Osun State for charging exorbitant commissions for cash.

“Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

“The arrested persons were helping the anti-graft commission with information to assist investigations and bust other syndicates involved in the hoarding and sales of the redesigned Naira notes,” the anti-graft agency said.

 

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