FRIDAY 25TH DECEMBER 2020

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CBN Revokes Licences of Eight Payment Service Providers Obinna Chima The Central Bank of Nigeria (CBN) has revoked the operating licences of seven payment service providers and one payment switching firm. The affected firms are

Easifuel Limited, Transaction Processing System (TPS), Grand Towers Limited, Paymaster Limited, E-Revenue Gateway Limited, Eartholeum Network Limited and Globasure Limited. Also, the payment switch licence of 3Line Card

Management Limited was revoked. The CBN, in an official gazette signed by its Governor, Mr. Godwin Emefiele, a copy of which was posted on its website yesterday, said the decision was taken because the seven firms ceased to carry on,

in Nigeria, the type of business for which their licences were issued, for a continuous period of six months. In addition, they were said to have breached the conditions for their licensing. They were also said to have failed to comply with

the obligations imposed upon them by the central bank in accordance with the provisions of Banks and Other Financial Institutions Act (BOFIA) Cap B3, Laws of the Federations of Nigeria, 2004. “Now, therefore, I, Godwin Ifeanyi Emefiele, Governor of

the Central Bank of Nigeria, in exercise of the powers conferred on the Central Bank of Nigeria under Section 60 and 62 of BOFIA, Cap B3, Laws of the Federation of Nigeria, 2004, hereby revoke the licences of the payment Continued on page 9

COVID-19, High Goods' Prices, Fail to Dampen Urge for Christmas Celebration... Page 5 Friday/Saturday 25-26 December, 2020 Vol 25. No 9391/9392. Price: N250

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FG Allays Concerns over New COVID-19 Strain Imposes fresh requirements on UK, S'Africa travellers

Onyebuchi Ezigbo, Olawale Ajimotokan in Abuja, Eromosele Abiodun and Nume Ekeghe in Lagos The federal government yesterday allayed fears over

the discovery of a new variant of COVID-19 virus in Nigeria. A senior official of the Federal Ministry Health told THISDAY that the new COVID-19 variant has not yet become a major threat.

Also, the National Coordinator of the Presidential Task Force (PTF) on COVID-19, Dr. Sani Aliyu, has said that the PTF is in touch with Professor Christian Happi, who alongside Ify Aniebo

Africa CDC: Nigeria’s variant different from UK, S'Africa's led a group to carry out a study, where they found that the United Kingdom’s ‘lineage B.1.1.7,’ a mutant variant of the virus, has been existing in Nigeria for months. However, the Director

General of the Nigeria Centre for Disease Control (NCDC), Dr. Chikwe Ihekweazu, has said the federal government will commence the first tranche of COVID-19 vaccinations nationwide in the first quarter

of 2021. He also said it has not been confirmed if the strain discovered in the United Kingdom and other countries Continued on page 41

At Christmas, Buhari Commits to Providing Security for All Laments security crisis, schoolchildren's abduction Cancels homage by govt officials, others Jonathan, Atiku, Lawan, Gbajabiamila, preach love, tolerance, sacrifice Omololu Ogunmade, Chuks Okocha, Adedayo Akinwale, Udora Orizu in Abuja President Muhammadu Buhari yesterday sought to appease Nigerians worried by his perceived poor handling of security crisis plaguing the country, saying he could not in good conscience shirk his responsibility to secure lives. The president, in his Christmas message to Nigerians in commemoration of the birth of Jesus Christ, said the provision of security for all remains his article of faith, describing it "as a vital segment of this administration's three-point agenda right from inception, and we must follow through with it." Buhari’s predecessor, Dr. Continued on page 9

THE RETURN OF SANWO-OLU... L-R: Lagos State Deputy Governor, Dr. Obafemi Hamzat; Commissioner for Finance, Dr. Rabiu Olowo; the Governor, Mr. Babajide Sanwo-Olu; Commissioner for Information and Strategy, Mr Gbenga Omotoso and Head of Service, Mr Hakeem Muri-Okunola, during a news conference by SanwoOlu after recovering from COVID-19 infection, in Lagos...yesterday nan

To our readers: In keeping with our tradition of observing Christmas Day, THISDAY, your favourite newspaper of record, will not be on the newsstands on Saturday, December 26, 2020, but will be back on Sunday, December 27, 2020. We wish our readers a very Merry Christmas. – Editor


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