CBN, Banks Introduce New Measure to Boost Financial Inclusion Repair work at National Theatre gulps N25bn, to commence January Obinna Chima As part of efforts to enhance financial inclusion in the country, the Central Bank of Nigeria (CBN) and
banks, under the aegis of the Bankers’ Committee, have concluded plans to simplify the requirements for the Bank Verification Number (BVN) for certain types of transactions.
CBN Governor, Mr. Godwin Emefiele, disclosed this yesterday, while briefing journalists at the end of a two-day annual Bankers’ Committee retreat at Ogere,
Ogun State. The retreat had the theme, “Delivering Inclusive Growth: Leveraging Digital Finance”. A BVN is a biometric identification system
implemented by the CBN to curb illegal banking transactions in Nigeria. It is a security measure aimed at reducing fraud in the banking system.
The new move would result in the creation of what the CBN Governor described as “BVN Lite,” which would Continued on page 5
Aid Workers’ Killing: Buhari Vows to Defeat Evil in the Land... Page 8 Sunday 15 December, 2019 Vol 24. No 9015
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EFCC Marks Kalu’s Properties, Serves Sun Newspaper Notice of Sealing Sun Management kicks, says no legal basis for action Tobi Soniyi in Lagos and Kingsley Nwezeh in Abuja The Economic and Financial Crimes Commission (EFCC),
yesterday, marked properties belonging to a former governor of Abia State, Orji Uzor Kalu, including The Sun Newspaper, which it partially sealed
off, serving notice to the management of impending and complete sealing of the premises. A statement by the
commission’s Head of Media and Publicity, Mr. Wilson Uwujaren, stated that the marking was to ensure that “the properties were not
dissipated, following the December 5, 2019 order of Justice Muhammed Idris sitting at the Federal High Court in Ikoyi, Lagos that
Kalu’s company, Slok Nigeria Limited, be wound up and all assets forfeited to the Federal Continued on page 5
Obaseki, Oshiomhole Feud Tears Ruling Party Apart 2023 presidential ambitions fueling dispute Edo governor commends Buhari’s visa on arrival policy Adibe Emenyonu The seemingly intractable feud between the Edo State Governor, Godwin Obaseki and his estranged predecessor and National Chairman of the All Progressives Congress (APC), Adams Oshiomhole is raging and fast tearing apart the ruling party as members loyal to both gladiators have extended the tenor of the warfare through their hardline posturing. Many believe the war has been taken over by 2023 presidential politics as gladiators seek to capture party's national structure ahead of the titanic battle. Although attempts to remove Oshiomhole as APC chairman failed during the last
National Executive Council (NEC) meeting, when the “Any Other Business” on the agenda was shelved on the orders of the president, Muhammadu Buhari, there are strong indications that opponents of the chairman, backed by Obaseki and his supporters, are angling for an emergency NEC meeting to be held before the end of the year to finally effect Oshiomhole's removal. But there is a slim chance of this happening, since the chairman and his National Working Committee (NWC) have to call such a meeting which is unlikely in the current circumstance. But in spite of his intense political battle, Obaseki has commended the commitment Continued on page 5
IN HONOUR OF YUSUFU BALA-USMAN... L-R: Managing Director, Nigerian Ports Authority, Ms. Hadiza Bala-Usman, receives a post-humous honourary doctorate degree award by Federal University of Kashere, Gombe, to her father, late Prof. Yusufu Bala-Usman, from Vice Chancellor of the university, Prof. Alhassan Mohammed Gani...recently
16th December 2019 11a.m. Oando Filling Station, New Benin Market, Benin City
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