CBN Unveils Quick Response Code Framework to Facilitate e-Payments Issues safeguards for innovative products James Emejo in Abuja The Central Bank of Nigeria (CBN) yesterday unveiled a framework for Quick Response (QR) code payments,
directing all issuers, acquirers, switches, processors and other participants in the country to ensure full interoperability of the schemes. The CBN stated that the
guidelines were in furtherance of its mandate to ensure the safety and stability of the Nigerian financial system, promote the use and adoption of electronic payments and
foster innovation in the payments system. The QR codes are a kind of matrix barcode representing information presented as square grids, made up of black
squares against a contrasting background that can be scanned by imaging device, processed and transmitted by appropriate technology. According to the apex bank,
the codes can be used to present, capture and transmit payments information across payments infrastructure Continued on page 8
NNPC Turns to Condensates to Offset Losses from OPEC Cuts... Page 6 Thursday 14 January, 2021 Vol 25. No 9412. Price: N250
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In Historic Move, US House Impeaches Trump Again... Page 20
Presidency Cautions Muslim Group to Leave Kukah Alone Says forum's apologise-or-leave-Sokoto conditionality unconstitutional Northern elders warn against inflammatory religious comments Deji Elumoye and Adedayo Akinwale in Abuja The presidency yesterday waded into the raging controversy over the Christmas homily of the Catholic Bishop of Sokoto Diocese, Bishop Hassan Kukah, with a caution to an Islamic group that demanded that he should apologise or quit Sokoto State,
to back off. It said in a statement by a presidential spokesman, Malam Garba Shehu, that it was wrong for the group based in Sokoto, Muslim Solidarity Forum, to give conditionality to Kukah, over the homily in which he accused President Muhammadu Buhari Continued on page 9
Billionaire Businessman, Akin-Olugbade, Dies of COVID-19
Babalola, others disagree on closure of universities Alex Enumah in Abuja and Victor Ogunje in Ado Ekiti The COVID-19 pandemic continued its rage yesterday, claiming billionaire businessman and legal icon, Chief Bolu Akin-Olugbade. According to family sources, he died in Lagos at a private hospital accredited to manage the killer virus. He was 61.
Known for his love for Rolls Royce, its largest collector, he was the Aare Onakakanfo of Owu Kingdom and had a massive business interest, spanning property development, construction, manufacturing, logistics, distribution, maritime and offshore services and Continued on page 8
RAGE OF COVID-19... Business and legal icon, Chief Bolu Akin-Olugbade, dies of COVID-19 in Lagos…yesterday
Buhari, Tinubu, Gbajabiamila, Sanwo-Olu, Others Mourn Kanu... Page 5