Another look at new CBN’s Global Standing Instruction policy
By Innocent Orok The Central Bank of Nigeria (CBN) earlier in the week, released a new policy called Global Standing Instruction (GSI). The policy is a very welcome policy. Below, I tried to summarize the major points of the policy….
BVN has not been able to address issues around identity mgt—Heritage Bank
Managing Director and chief executive of Heritage Bank, Mr Ifie Sekibo , has opened up saying even though the Central Bank of Nigeria (CBN) introduced Bank Verification Number (BVN), in reality, has been able to create a form of identification…
Multiple ID system hindering effective credit delivery –Ghanaian expert
At a time the Director General of National Identity Management Commission (NIMC), Engineer Aliyu Aziz had been crusading the need for all Nigerian to go and register for his or her National Identity Number (NIN); a lead to national ID…
Disquiet continues over BVN Court order as criminals fret customers with fake sms
As some consortium of banks gear up to challenge the court ruling ordering the forfeiture of money in accounts without verifiable Bank Verification Number (BVN), online fraudsters’ are now ambushing customers yet to comply with fake sms. Already, an unconfirmed…
CBN sets money laundering radar on MFBs, OFIs, may revoke licences if…
Relying on recent revelation by the Minister of Finance, Mrs. Kemi Adeosun that looters of the treasury may have moved their illicit trade to Micro Finance Banks (MFBs) and other financial institutions (OFIs), due to the water tight blockage placed…
