Glo, 9Mobile Intensify Efforts to Commence Operations as PSBs Emma Okonji Two months to the end of the six months’ deadline given by the Central Bank of Nigeria (CBN) for telecom operators to put the infrastructure in place to enable them to obtain full licence to operate as Payment
Service Banks (PSBs), the telcos have intensified efforts to meet up with the demand of the apex bank, THISDAY has learnt. The telcos granted Approval-in-Principle (AIP) by the Central Bank of Nigeria (CBN) include: Hope PSB,
Money Master PSB and 9PSB. While Money Master PSB is owned by Globacom, 9mobile owns 9PSB. THISDAY gathered that there were some requirements listed by CBN, which the telcos must meet not later than six months after obtaining the AIP
so as to get the full commercial licence to operate PSB. The requirements sighted by THISDAY in a CBN document include: “An application that must be accompanied with a non-refundable licensing fee of N2 million only in bank draft payable to the Central
Bank of Nigeria; Certified True Copy (CTC) of Certificate of Incorporation of the bank; Evidence of location of Head Office (rented or owned) for the take-off of the business; Schedule of changes, if any, composition of the Board and shareholding after the
grant of AIP; Evidence of ability to meet technical requirements and modern infrastructural facilities such as office equipment, computers, telecommunications, to perform the bank’s operations Continued on page 9
Ihedioha Asks S’Court to Reconsider Verdict on Imo Gov Election... Page 6 Thursday 6 February, 2020 Vol 25. No 9068. Price: N250
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TODAY'S WEATHER
ABUJA 25°C-33°C
MAIDUGURI 31°C-31°C
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ENUGU 25°C-28°C
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KANO 27°C-33°C
LAGOS 24C-27°C
PORT HARCOURT 20°C-30°C
Supreme Islamic Council Urges Buhari to Declare Emergency on Insecurity Presidency hits CAN, says ransom payment allegation divisive ACF, Afenifere, Atiku fault president’s claim on ratio of Boko Haram victims Deji Elumoye, Omololu Ogunmade, Chuks Okocha, Olawale Ajimotokan, Onyebuchi Ezigbo in Abuja, Segun James in Lagos and John Shiklam in Kaduna Concerns about worsening insecurity in the country remained on the front burner yesterday as the
Nigerian Supreme Council for Islamic Affairs (NSCIA) urged President Muhammadu Buhari to declare state of emergency on insecurity and accused Christian Association of Nigeria (CAN) of playing politics with the security challenges confronting the Continued on page 9
House Pledges Assistance to Service Chiefs to End Insurgency IG briefs Senate on concept of community policing Chuks Okocha, Deji Elumoye, Adedayo Akinwale and Udora Orizu in Abuja Less than one week after the House of Representatives urged President Muhammed Buhari to remove service chiefs for worsening insecurity, the lawmakers yesterday promised to work with the military
helmsmen to end the war against Boko Haram insurgents and other criminal elements in the country. This is coming as the Inspector General of Police, Mr. Mohammed Adamu, yesterday briefed the Senate on the concept of community Continued on page 9
WORKING FOR THE YOUTH... L-R: Proprietress, Children's International School, Mrs. Joke Chukwumah; Prince Anthony Edward, Earl of Wessex; and Board Chairman, International Award for Young People Nigeria, Mr. Olawale Edun, at IAYPN Youth Concert and Exhibition in Lagos...yesterday kunle ogunfuyi
US Senate Acquits Trump on Both Articles of Impeachment... Page 8