NEWS
Polaris Bank Commits to Customers’ Fit Products, Services
Polaris Bank Limited says it is committed to creating products and services that fits the needs of its customers across the country.
Mr Osazuwa Igbinoba, the Bank’s Divisional Head, Abuja, said this in an interview on the sidelines of a tree planting event in Gwagwalada on Monday.
Igbinoba said the bank throng solely on strong customers’ relationship.
”You can produce all the beautiful products, have a wonderful platform but if there is no relationship between you and the customers, then you will have issues.
”This is why over time, in spite of the issues we have transited through as a bank, we still maintain our customers.
”We have even grown our market share and with resilience, we are still standing.
”We want to make sure that we provide that digital platform where our customers are able to carry out seamless transactions without any problems,” he said.
Igbinoba said the bank had engaged in various initiatives as part of its Corporate Social Responsibility (CSR) including educating the girl-child to empower them hygienically and to go to school.
He said the bank had also empowered MSMEs to encourage small businesses to access quick finances, loans to reduce bottlenecks in accessing them.
”’It is not just doing CSR, it is making sure that there are results.”
He assured customers that the bank would continue to evolve seamless digital platforms to enable them perform transactions without hassles. (NAN)
NEWS
Wike, 27 Rivers Lawmakers not APC – APC Chairman
Dr Tony Okocha, Chairman of the All Progressive Congress(APC), in Rivers, has said that FCT minister Nyesom Wike is not a member of the APC.
He told newsmen on Thursday in Abuja that the 27 Rivers lawmakers currently in a bitter political struggle with Gov. Siminalayi Fubara were also not members of the APC.
“People say Wike has decamped to the APC.
They also say that the 27 lawmakers currently fighting with Fubara have defected to the APC.“I need to make this clear to everyone. Much as I wish to have them in my fold, none of them has agreed to join us.
“I am the one that should know if they did. But, clearly, they have not.
“What the lawmakers did was a political gimmick.
“I tried to woo them, but they kept vacillating and did not.
“To defect, they must go to their wards, register and get their membership cards. None of them has done that,” he said.
Okocha was particularly categorical in declaring that Wike would not leave the PDP.
“Wike will never leave the PDP.
“He has always said that PDP made him what he is. He has always said that he would remain there.
“He is an ardent believer in PDP. He is not likely to leave that group,” Okocha said.
He, however, said that Wike is a member of the Renewed Hope Agenda.
“In Rivers, I am 001 in APC, but in the Renewed Hope Agenda, I am 002. Wike is 001,” he explained.
He also spoke on Wike’s influence on Rivers’ politics
“Wike has done so much for Rivers, so he is strong.
“In the next 10 years, Wike will continue to influence the political direction in Rivers.
“It will be difficult to uproot him.
“Aside from his many projects scattered throughout the state, he has touched people’s lives directly. Such people will always be behind him,” he said.
He described Wike as a politician that could identify with every good cause irrespective of political party.
“Once the cause is good and will give him a platform to serve his people, Wike will be part of it,” Okocha said.(NAN)
NEWS
FG Targets $1trn Economy by 2030 Via Financial Inclusion
The Federal Government says it is putting sustainable mechanisms in place to build a $1 trillion economy by 2030 through financial inclusion.
Sen. Ibrahim Hadejia, Deputy Chief of Staff to the President, Office of the Vice President disclosed this on Thursday in Benin.
Hadejia spoke at the 8th Annual National Conference of The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN).
Hadejia said that the mechanisms were expected to bridge the gap between the rich and the poor.
He was represented by the Technical Advisor to the President on Economic and Financial Inclusion, Abubakar Zauro.
Hadejia assured that the government was committed to pursuing economic and financial inclusion with all sector players to achieve its goals.
“As we seek to achieve this milestone, financial inclusion is at the heart of our economic agenda.
“This is ensuring that all Nigerians, regardless of location, gender, or socioeconomic status are not only included but also empowered in our financial system.
“This has been made evident in the administration’s effort to boost access to credit for micro, small, medium, and nano enterprises (MSMSNE), and various other programmes.
“These programmes are targeted at enhancing inclusive growth through economic and financial inclusion,” he said.
Hadejia disclosed that a review of key financial inclusion data revealed that substantial progress had been made, with around 26 per cent of the adult population, primarily women, rural dwellers, and small business owners.
“As we work toward our 2030 economic goal, it is critical that we focus on narrowing these gaps.
“This is where Neighborhood Financial Inclusion Centers (NFIC) play a pivotal role at providing a one-stop shop for financial services in excluded communities.
“Through proactive partnerships with government and financial institutions, these centres will address both the physical and digital barriers that prevent millions of Nigerians from accessing essential financial services especially amongst the economically poor to improve their resilience against economic shocks,” he said.
He called for a collaborative approach by all key players to presents a better chance to improve the adoption of innovative products and services to serve the people.
In his goodwill message, Edo Governor, Godwin Obaseki, noted that AMMBAN played vital role in promoting financial inclusion, as it bridged the gap in financial accessibility, and drive economic growth in Nigeria.
Obaseki, represented by the Permanent Secretary, Ministry of Finance, Mr Bernard Aigbe, commended the association for providing efficient and innovative financial services to underserved communities.
The governor disclosed that his administration had created an environment conducive for businesses to thrive, promoting economic growth, and improving the lives of citizens.
Also speaking, Philip Ikeazor, Deputy Governor, Central Bank of Nigeria (CBN), described financial inclusion as more than a policy goal, but a pathway to economic empowerment, poverty reduction, and sustainable development.
He noted, however, that in spite of the progress in urban areas, rural regions continued to lag behind in financial inclusion.
“As we move forward, we must ensure that no one is left behind.
“Together, we can create a future where every Nigerian has access to the financial tools and services they need to thrive,” he said.
Earlier in his welcome address, National President of the association, Sarafadeen Fasasi, noted that the conference was unique as it was meant to match data on access to financial inclusion with actions.
Fasasi added that the conference also provided opportunity for all participants to know what actions were being taken by all financial inclusion stakeholders.
“As at the last EFinA report in 2023, financial inclusion was at 64 per cent but on the ground, over 300 local government areas in Nigeria are without bank branches (AMMBAN Survey, 2024).”
“AMMBAN introduced a one-stop shop for financial services, offering NIN, BVN, account opening, card issuance, Sim registration, savings, credit insurance etc, across the excluded local government areas,” he said.
According to him, data showed that Nigerian banks lost N42.68 billion to fraud in in the second quarter of 2024, and most were traced to agent locations through the use of stolen cards or phones, fake alerts, ransom cashout.
To combat that, he said his association introduced an automated verifiable identity card for agents and launched a joint Task Force (JTF) in conjunction with the office of the Inspector-General of Police and other security agencies.(NAN)
NEWS
3 Reportedly Injured as CNG Vehicle Explodes in Benin
Three persons have been reportedly injured on Thursday in Benin when a Compressed Natural Gas (CNG) powered vehicle exploded at a filling station in Benin.
It was gathered that the incident happened at the filling station’s gas station located in Aduwawa, on the Benin-Auchi road.
Sources told the said that the explosion was as a result of substandard conversion kits, including cylinders used in the installation and conversion of the engine of the vehicle.
The sources said the driver, who was the technician that allegedly installed the CNG kits, had driven to the filling station to test the efficacy of the installation when the explosion occurred.
The three casualties were said to be a station cleaner, pump attendant and one other.
“The injured were rushed to a hospital,” a source said. (NAN)