LeviTodaY: CBN Governor
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Showing posts with label CBN Governor. Show all posts
Showing posts with label CBN Governor. Show all posts

CBN To Extend BVN Registration To Microfinance Banks, Others


The Central Bank of Nigeria (CBN) plans to extend the Bank Verification Number (BVN) registration project to customers of other Financial Institutions (OFIs), its Director, Banking and Payment Systems Department, Dipo Fatokun, has said.

The OFIs are Microfinance Banks, Primary Mortgage Institutions and others.
Mr. Fatokun made the disclosure at a bi-monthly forum organised by Finance Correspondents Association of Nigeria (FICAN) in Lagos on Sunday.

The forum had its theme as “Recent Developments in the Electronic Payments System and Implications for Consumers of Electronic Payment Services”.
Mr. Fatokun said the operators of the institutions were already working toward having their customers included in the BVN project. He said the CBN would have OFIs customers enroll through deposit money banks because of the high cost of procuring the machines.

“We are considering using commercial banks as registration points for the OFIs customers.
“We also expect that many of the OFIs customers, who already have their BVNs, will supply the data to their banks, while those without BVN will register afresh,” he said.

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You Are Responsible For Nigeria’s Economic Woes, Shehu Sani To Soludo


Barely a day after advising President Muhammadu Buhari on what his administration needed to do to salvage Nigeria’s economy, Charles Soludo, a former Central Bank governor, has come under fierce criticism from a Nigerian senator, Shehu Sani.

Mr. Soludo can’t proffer solutions to Nigeria’s economic woes when it was his policies, as head of the apex bank, that brought the country to its terrible state, Mr. Sani said.

Mr. Soludo, who spoke on Thursday at the 4th lecture series of the Progressives Governors’ Forum in Kaduna, advised that, “The APC should go back to its manifesto and instigate framework that will engender the atmosphere for growth as Nigeria cannot develop with the current structure where institutions are created only to share from the federation account.”

He said it was better Mr. Buhari’s administration started thinking outside the box, rather than continue to blame the past government for the nation’s economic problems.

But Mr. Sani, the All Progressives Congress senator, representing Kaduna Central, responded to Mr. Soludo’s advice, by saying that it would be too early to forget that his (Soludo’s) stewardship at the CBN was the foundation of the current economic crisis in Nigeria.

The senator, in an email sent to Premium Times, Friday, said Mr. Soludo was entitled to his opinion, but that it was good to remind him of the role he played in bringing down the country’s economy.

“If Soludo and his Government had actually implemented such lofty ideas of reforms, we couldn’t have found ourselves where we are today,” Mr. Sani said. “It’s too early to forget the legacy of cronyism, elitism and vindictiveness that occasioned the past administrations.

“Soludo was lucky to serve under a Government that was powered by $140 per barrel and without the headache, heartache and bloodshed that has become of Niger Delta and the north east.

“Soludo need to be reminded that most of those today on trial for stealing our public funds were the same people rooted in the Government he served before GEJ. Yes PMB is tackling the ‘symptoms of corruption,’ but the symptoms were there for 16 years.

“If Soludo and others have combated the symptoms, PMB could have now focused on the ailment. It’s not in contention that blame game by the PMB administration against GEJ must end but under PDP three Governments for 16 years, hardly a day passed without the same blame game on late Abacha.”

He also attacked APC governors for inviting Sanusi to speak at the lecture series.

“Those who invited Soludo did that to rubbish PMB’s economic policies that they don’t have the balls to do.

“What is the reason and the logic behind APC chieftains inviting a PDP economist to lecture them on the economy? The very party they consistently deride for ruining this country for ‘16 years’?”

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CBN Governor Emerges President Of African Central Banks

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has been elected as the President of the Association of African Central Banks (AACB). Emefiele, who was elected at the 39th Ordinary meeting of the Assembly of Governors of the AACB, will be president of the association for the year 2016 to 2017.

This is contained in a communiqué issued in Abuja yesterday, adding that he would succeed Lucas Nchama, Governor of the Banque des tats de l’Afrique Centrale (BEAC).

To work with Emefiele are the governor of the Bank of Ghana as chairman of the West African sub-region; governor of the Central Bank of Mauritania, chairman of the North African sub-region; and the governor of the Bank of Central African States, chairman of the central African sub-region.

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