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Masari Orders Closure Of Phone Charging Centres

Masari Orders Closure Of Phone Charging Centres

Masari Orders Closure Of Phone Charging Centres

Masari orders closure of Katsina phone charging centres over insecurity

The Katsina State Governor, Aminu Bello Masari, on Monday ordered the closure of commercial mobile phone charging centres across the state in order to check the activities of bandits.

The governor gave the directive during the inauguration of a 13-man member monitoring and enforcement committee on the recent measures to check the growing insecurity in the state.

He promised that the government would come up with more measures to foster peace in the state.

The governor said: “I don’t need to re-emphasise that today, our priority in Katsina State is to restore normalcy in the state for our people. Security is our number one concern.

“The terms of reference also include certain issues and situations you may come across, to help in bringing about normalcy to the state.

“The latest instruction that we gave out is the closure of all commercial mobile charging centres in all affected local government areas because it is believed they aid bandits to acquire means of communicating.

“We will continue to bring in new measures that will help in bringing about peace and there will be further regularities regarding the use of mobile phones.

“We will also take further measures with the Federal Ministry of Communications with the aim of restoring normalcy in the communities.

“We have to be decisive and firm as this is a test we must not fail.

“The locals must understand that we are taking these measures in their best interest.

“It will hurt some of them economically but it has become necessary to take these measures now to forestall worse situations if these bandits and their collaborators are allowed free access to communications and other means of livelihood.

“It is important that we realise that our number one enemies are the informants and we must tackle them and deal with them in accordance with the law.”

The state’s Commissioner of Police, Sunusi Buba urged the residents to ensure total compliance with the order.

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Business

New Naira Notes Ready For Issuance- CBN

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the newly redesigned Naira notes are already in banks and ready for issuance.

In a statement on its official twitter handle, the CBN quoted Emefiele to have made the disclosure in Daura, Katsina State, while on a visit to brief the president on the Naira redesign and the recently reintroduced cashless policy.

“The newly redesigned N200, N500, and N1,000 banknotes are now in banks and ready for issuance to members of the public,” the statement said.

The CBN governor clarified that the currency redesign and reintroduced cashless policies were not targeted at anybody but were for the good and development of the Nigerian economy, and urged Nigerians to embrace the various electronic channels available for banking and financial service transactions in Nigeria.

Emefiele further said the CBN deferred the cashless policy severally to prepare and deepen Nigeria’s payments system infrastructure.

He, therefore, advised Nigerians to take their old N200, N500, and N1,000 banknotes to the banks before the January 31, 2023 deadline.

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Business

NIBSS Says e-Payment Transactions Hit N38.9trn In November

The Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that transactions worth N38.9 trillion were performed electronically in November through the NIBSS Instant Payment platform (NIP).

This is the highest monthly transaction record on the platform.

Compared with the N34.5 trillion recorded in the preceding month, the November figure also shows a 12.7 per cent increase.

The latest data also shows that the November figure brought the total value of NIP deals in the last 11 months to N345 trillion.

Year on year, the e-payment value increased by 50 per cent compared with the N25.9 trillion recorded in November last year.

The value of the e-payment recorded was a reflection of the increase in the volume of deals within the month. The NIP volume rose to 492.2 million in November, showing a 53.8 per cent increase over the N319.9 million recorded in the same period last year.

The NIP is an account-number-based, online-real-time Inter-Bank payment solution developed in the year 2011 by NIBSS. It is the Nigerian financial industry’s preferred funds transfer platform that guarantees instant value to the beneficiary.

According to NIBSS, over the years, Nigerian banks have exposed NIP through their various channels, that is, internet banking, bank branch, Kiosks, mobile apps, Unstructured Supplementary Service Data (USSD), POS, ATMs, etc. to their customers.

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Business

CBN Insists It Won’t Reverse New Withdrawal Policy

Godwin Emefiele, Governor of the Central Bank, says there would be no reversal on the new cash withdrawal policy adding that the limitations was not intended to hurt anyone.

He disclosed this on Thursday following his visit to President Muhammadu Buhari in Daura, Katsina State.

The National Assembly had earlier faulted the CBN’s unveiling of revised cash withdrawal limits with a maximum of N100,000 for individuals and N500,000 for companies, claiming that it might worsen the current economic situation.

But while reacting to the objections from the National Assembly and the public outcry over the cash withdrawal policy, Emefiele said;

“And we think Nigeria, as the biggest economy in Africa, needs to leapfrog into the cashless economy.

“We cannot continue to allow a situation where over 85 per cent of the cash that is in circulation is outside the bank.

“More and more countries that are embracing digitisation have gone cashless,” he said.

He added that there would be no rigidity on the policy and no reversal, appealing to Nigerians to embrace the new policy.

According to the Governor of the CBN, the new naira notes have already been disbursed to the various commercial banks and expects that the banks would begin distribution to the public.

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