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SBI Media gets green light to launch 9PSB into Nigeria’s $8 billion payment service banking industry

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Nigeria’s next-generation marketing communications group, SBI Media Limited is now poised to launch 9PSB, a pioneer player of payment service banking.

The imminent launch of 9PSB was given the green-light after the Central Bank of Nigeria announced the approval of an operational license to provide immersive financial services to Africa’s most populous market and more importantly, the continent’s largest economy.

The announcement of 9PSB into the financial services sector is coming at a pivotal point in the history of mankind with the new-normal brought by COVID-19 as well as the opportunities it presents innovative brands to design, iterate products and services by leveraging digital technologies and big data to better meet the changing needs of customers.

Despite the peculiar challenges facing the drive toward financial inclusion, the switch to leverage financial technology and digital media has increased the growth of transactions exponentially, making the Nigerian financial services sector, the largest and one of the fastest-growing in the world.

According to statistics from the Nigerian Inter-Bank Settlement System (NIBSS), the value of point of sale (POS) transactions amounted to ₦3.2 trillion ($8.854 billion) in 2019 as the total volume of the transactions hit 438 million within the same period.

9PSB will not only drive financial inclusion across the country, targeting cross segments of savvy and budding customers, but the brand will also pioneer ground-breaking financial products and services that will be part of the lives of Nigerians.

According to the Chief Executive Officer of 9mobile, Alan Stanfield, “ 9PSB, being a member of the 9Mobile family and the first payment service bank to kick-off operations was already positioned to “open up a digital world of possibilities to improve everyday lives,” he added that, “this new development will further improve the country and the people going forward.”

In his remarks, 9Mobile’s Chief Financial Officer, Phillips Oki, noted that “the financial inclusion that 9PSB will provide will be an enabler to achieving unparalleled benefit in everyday transactions.”

Oki reiterated that with a wide network of agents located in urban and rural communities across the country, 9PSB would make it seamless and more convenient for Nigerians to send and receive money. “9PSB is also available on mobile App and internet banking for ease and simplicity,” Oki noted that, over the coming weeks, 9PSB will unveil its products and services to Nigerians.”

Since the conception of the 9PSB brand and the subsequent journey to execute a landmark launch in the market, SBI Media Group has been a formidable partner in the journey. From the strategic approach of the brand’s go-to-market marshal plan, the group is poised to work symbiotically with the brand leadership to deliver beyond expectations.

Commenting on the milestone development, the Managing Director of SBI Media Limited, Rotimi Bankole, said “The announcement of 9PSB as a pioneer player in the payment service banking segment is a remarkable moment in the history of SBI Media Group. It is a confirmation that the agency has made its mark in the marketing communications industry given our humble beginning. It is, however, a call-to-service to deliver top-notch and quality services to our partners at 9PSB and our coterie of clients across the various sector of the Nigerian and global economy.”

In the last seven years, SBI Media Group has grown from being the favourite of tech startups to courting the win-win partnership of bluechip brands in the telecoms, mobile, financial services, technology, aviation, fast-moving consumer goods (FMCGs) as well as the public sector.

Earlier this year, SBI Media was announced as the preferred agency to manage the multi-billion naira 9mobile business as the brand seeks to further push the boundaries of innovation in the telecoms sector. The group also leverages its partnership with the largest smartphone maker in Africa, Transsion Holdings to further prove its mettle in the Nigerian marketing communications industry.

It is worthy of note that SBI Media Group is the West African strategic hub of Masscom Global (MCG), a global network of 30 agencies in emerging markets and the Asia Pacific reaching over 120 countries worldwide. With the support of its partners and the MCG Network, the agency is committed to delivering beyond client’s expectations with the unique DNA of speed, innovation-driven business leadership and the quest for excellence.

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YAHAYA BELLO: PAYMENT OF SCHOOL FEES: SETTING THE RECORDS STRAIGHT 

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NO AMOUNT OF BLACKMAIL WILL MAKE HE YAHAYA BELLO ‘COME THROUGH THE BACKDOOR’

 

 

On Tuesday, 23rd April 2024, Mr. Olanipekun Olukoyede, in a conduct which we view as unbecoming of a Legal Practitioner, organised a press conference where he alleged (amongst other outrightly defamatory statements) that His Excellency, Alhaji Yahaya Bello, withdrew cash from the Kogi State Government Account, sent same to Bureau De Change Operators and then used same to pay the school fees of his children in advance.

 

According to Olukoyede, the payment was made just about the time the former Governor was to leave office.

 

Since the said press conference, receipts of payments of the said fees bearing the names of His Excellency’s Children and those of other family members, who separately paid their fees, have been flying all over the internet.

 

While we reserve our rights to seek redress against the said defamatory statements, permit us to briefly state the following for the purpose of setting the records straight:

 

1. His Excellency, Yahaya Bello’s children have attended the American International School, Abuja well before he became Governor and he has paid fees for his children as and when due and without fail.

 

2. His Excellency, Alhaji Yahaya Bello did not pay the sum of USD720,000 as alleged by the EFCC Chairman or USD840,000 as is being bandied about on the internet.

 

3. The payment of the fees was not effected at about the time his Excellency was to leave office as claimed by Mr. Olukoyede but same commenced in 2021.

 

3. Alhaji Yahaya Bello DID NOT pay the fees of his Children with monies from the Coffers of the Kogi State Government.

 

4. When the EFCC approached the American International School Abuja (AISA) to illegally recover funds legitimately paid by Alhaji Yahaya Bello and other family members, a member of the family challenged the EFCC’s unlawful acts to recover funds legitimately paid. The FCT High Court, in Suit No. FCT/HC/2574/2023 between: Mr. Ali Bello v. The Incorporated Trustees of American International School, Abuja, held that AISA could not lawfully and unilaterally refund to a third party, including the EFCC, fees paid by the parties to the suit.

 

The Court subsequently mandated AISA to continue to provide the services it had been paid with respect to the fees.

 

From the foregoing, it is clear that no money belonging to Alhaji Yahaya Bello or his family members with regard to school fees has been recovered by the EFCC.

 

5. Now, let it be known that, contrary to misleading narratives by the EFCC, all the documents published online i.e. receipts and letters, that the EFCC has released online, in furtherance of its unrelenting persecution of the former Governor, are documents filed by lawyers in the suit instituted on behalf of Alhaji Yahaya Bello and others who paid fees for their wards under the Advance Fee Payment Agreement with AISA.

Those documents, having been filed by his lawyers, are thus public documents, which shows that his Excellency, Yahaya Bello, has nothing to hide with regard to the payment of advance fees for his children. This unending harassment and persecution, even while in office, were among key reasons he sought to enforce his fundamental human rights.

 

6. We state that the payment of these fees and the legitimacy thereof is the subject matter of Charge No. FHC/CR/573/2022, filed by the EFCC since 15th December 2022 at the Federal High Court, Abuja. The Charge is pending and the Court has yet to make any finding or convicted anyone in respect of the said sum.

 

7. It is imperative to remind Mr. Olukoyede, who is a Lawyer, that once parties have submitted a dispute to the Court, they are to shun all actions and statements that may prejudice the hearing of the matter or the mind of the Court.

 

8. Since the matter is sub judice, we say no more, we await the EFCC’s proof of the allegations in Court, which is the only venue where the proof of these allegations matter.

 

9. We thank Nigerians who have recognised the obvious desperation of the EFCC boss to convict the former Governor by all means in the Court of public opinion rather than in the law court, as personal vendetta, with the connivance of like minds, and not a fight against corruption.

 

10.We implore others who might have been misled by their shenanigans not to be fooled by mischievous narratives but to

follow the case through until justice is served.

 

11. Finally, our Principal, Yahaya Bello, doesn’t visit law enforcement agencies “through the backdoor”. He has insisted on following due process in line with the rule of law. No amount of blackmail will intimidate him.

 

Thank you.

 

Signed

Ohiare Michael

MEDIA OFFICE,

HE YAHAYA BELLO

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Commissioner for Justice, Zacchaeus Adangor Resigns After Being Redeployed By Governor Fubara.

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Commissioner for Justice and Attorney-General of Rivers State, Zacchaeus Adangor has rejected his redeployment as Commissioner for Special Duties.

Zacchaeus also tendered his resignation from the state executive council.

Zacchaeus had, on 14 December, resigned his position as the Attorney-General of the state following the face-off between Governor Sim Fubara and the Minister of the Federal Capital Territory, FCT, Nyesom Wike.

Zacchaeus and other commissioners who resigned due to the political crisis in the state, however, returned to the government after being reconfirmed by the state House of Assembly.

Fubara, earlier in the week, reshuffled his cabinet and redeployed Zacchaeus as the commissioner for Special Duties (Governor’s Office).

In a letter sighted by DAILY POST and addressed to the Secretary to the Rivers State government, Zacchaeus rejected his new office.

Zacchaeus, a strong ally of Wike, in his resignation letter, accused Governor Fubara of interfering with the performance of his duties as Attorney General of the state.

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Just in: Senator Ayogu Eze Dies At 65

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Famous former lawmaker, Senator Ayogu Eze, is dead. He died at the age of 65.

Ayogu represented Enugu North in the Senate during which time he played key role of the image maker of the Senate.

He died in an Abuja hospital after a protracted illness.

Sources squealed that Ayogu had been down, a situation that made him unable to attend his child’s wedding ceremony held earlier in the year in Lagos State.

He was a founding member of the Peoples Democratic Party, PDP, before he defected to the All Progressives Congress, APC, where he ran for Enugu State governorship election.

In the Senate, he was appointed chairman of the senate committee on Information and Media, making him the official spokesperson of the senate in 2007.

After his reelection to the senate in 2011, he was appointed chairman of the committee on works.

Eze also served as a member of committees on Police Affairs, National Planning, Marine Transport and Federal Character & Inter-Government Affairs.

In May last year, the Senate confirmed the appointment of Eze and five others as Federal Commissioners for Revenue Mobilisation Allocation and Fiscal Commission, RMAFC.

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