NEWS
Expert Advocates IT, BVN Deployment to Fast-track Offer Verification
An economist, Mr Johnson Chukwu, has urged the Central Bank of Nigeria (CBN) to leverage existing infrastructure and Bank Verification Numbers (BVN) to address delays in verifying bank transactions.
Chukwu, the Chief Executive Officer of Cowry Asset Management Ltd.
, raised the concern at the annual workshop of the Capital Market Correspondents Association of Nigeria (CAMAN) in Lagos.The theme of the workshop is: “Banks’ Recapitalisation: Bridging the Gap Between Investors and Issuers in the Nigerian Capital Market”.
He noted that leverage existing infrastructure and BVN was to ensure speedy conclusion of the verification process.
According to him, the delay in the apex bank’s verification process, four months after the closure of some offers, has continued to raise concerns among investors.
Chukwu said the deployment of high level of IT available at the CBN and the use of the BVN would fastrack the process of accepting or rejecting the offers.
He added that this would enable investors get their allotment or deploy their funds in other profitable economic activities.
He noted that while the apex bank’s role in verifying the source of the capital invested was important, the longer period for completion of the verification process was dampening investor confidence.
Chukwu said that this was particularly worrisome for investors whose funds may be returned where the offers may be oversubscribed, as they would miss reinvestment opportunities.
He also stated that the current CBN requirements for investors investing in banks shares were seen by many as overly stringent and creating barriers for both issuers and investors.
Chukwu cited the provision of three-year audited financial statements, board resolution authoring the investment and tax clearance certificates for the past three years for corporate investors.
He noted that these requirements were disincentive to investment in the capital market.
According to him, while regulation is necessary for maintaining the stability and integrity of the financial system in ensuring that unqualified capital is not invested in the banks.
He added that there was need to leverage on existing customer information in the banking system to avoid imposing onerous conditions on investors.
Chukwu described banks’ recapitalisation as a key strategy for strengthening the Nigerian banking sector and fostering economic growth.
He, however, argued that the success of these efforts would hinges on effectively bridging the gap between investors and issuers in the capital market.
Chukwu said banks capital raise through successful IPOs, rights issues and bonds strengthens investor confidence and sends a positive signal to the broader financial market on the role of the capital market.
He said: “A well-capitalised bank is perceived as financially stable, reducing risk for investors and enhancing market confidence.
” This encourages further investment in the banking sector, which is essential for the sustainable growth of the industry.
He, however, called for concerted efforts from both banks and investors, supported by regulators in ensuring that the Nigerian banking sector remains resilient, competitive, and capable of driving the country’s economic growth for the future.
Chukwu also urged the CBN and other regulatory bodies to work together in creating a more predictable regulatory environment for banks and investors.
“The frequency of regulatory policy changes need to be moderated to allow for better planning for both banks and the investing public, as well as reduce the regulatory and operational risks associated with these frequent changes.
“Banks must commit to improving their transparency and disclosure standards. This includes the publication of detailed and accurate financial statements, risk disclosures, and forward-looking guidance,” he said.(NAN)
NEWS
West Africa: How WAHO Successfully Harmonized Procedure Manuals for Health Disciplines and Professions
By David Torough
After three days of serious brain-storming sessions in Abuja, the West African Health Organization (WAHO), has successfully developed harmonised procedure manuals for all Health Disciplines and Profession in the ECOWAS region.
The manuals, described by an official of the heath body as one of the most technical documents ever produced by WAHO , provide clear, standardised guidance on Professional conduct and ethics — the values that must govern our practice; Clinical and operational procedures — how we deliver safe, evidence-based care and; Licensing, registration, and discipline — how we assure competence and accountability.
Other areas covered by the manuals include continuing professional development — how we keep our workforce current and relevant and; Cross-border practice and mutual recognition — how we enable our professionals to serve where they are most needed, without compromising standards.
Speaking at the closing of the workshop on Saturday, Nigeria’s Coordinating Minister of Health and Social Welfare, Professor Muhammad Ali Pate, described the development of the manuals as a landmark achievement that has now moved the ECOWAS Region from aspiration to action.
“Over the past days, you have worked tirelessly to address a long-standing challenge in our sub-region: the fragmentation of standards, procedures, and expectations that guide our health professionals,” the minister told the participants, made up of representatives of Professional Regulatory Bodies, Heads of Health Training Institutions, Development Partners and other resource persons.
The minister, who was represented by the WAHO Liaison Officer for Nigeria, Dr. Dakum Longji Benji, further said, “When a nurse trained in Ghana, a doctor trained in Senegal, a pharmacist trained in Nigeria, or a laboratory scientist trained in Sierra Leone steps into a facility anywhere in our region, our people can now be assured of the same quality, the same safety, and the same professionalism.”
Recalling the words of Nelson Mandela: “Health cannot be a question of income; it is a fundamental human right,” the minister declared: “Today, I can say with pride that you have given practical meaning to those words.
He noted that the strength of any health system lies not in its buildings or equipment, but in its people — in the competence, professionalism, and integrity of its health workforce, adding that the manuals developed during the workshop complement the great strides WAHO has already made in harmonising training curricula across the region.
“You have now translated those curricula into daily practice — from the classroom to the clinic, from the laboratory to the community,” he stated.
He charged the participants to first, return to their respective countries as champions of these manuals, and work with their regulatory councils, training institutions, and ministries of health to domesticate, adopt, and enforce them.
“Second, let us ensure these manuals are living documents — regularly reviewed, updated with new evidence, and responsive to emerging health threats and technologies.
“Third, let us hold ourselves accountable. The true test of this workshop will not be in this hall, but in our hospitals, health centres, and communities, where a mother, a child, or an elderly patient encounters a health professional they can trust,” he said.
He commended WAHO under the leadership of the Director-General for its vision and leadership, just as he thanked all the experts, rapporteurs, facilitators, and development partners who contributed their knowledge, time, and resources to this success.
In his remarks, the Representative of the Deans of Faculties, Professor Vodouhe Ulrich, said WAHO should ensure the wide dissemination of the harmonised procedure manuals developed during the workshop, making them accessible to health training institutions and professionals throughout the ECOWAS region.
On his part, the representative of the West African Colleges, Professor Yao Tettey, recalled that at the opening ceremony, he had described the document that were about to be finalised as the foundation of all our professional documents, noting that following the three-day deliberations, “I am even more convinced of its importance.
“Over the past three days, we have engaged in extensive discussions, exchanged ideas, expressed differing opinions and ultimately reached a consensus on important technical issues. Together, we have produced a document of considerable technical and practical value. It is not simply another procedural manual. It is a comprehensive reference that reflects our collective professional experience and addresses practical needs that are not adequately covered in conventional textbooks.”
He therefore appeal to everyone responsible for the remaining stages of the process to ensure that the document is properly finalised, thoroughly reviewed and submitted to the West African Health Organisation. He also appealed to WAHO to ensure that the finalised manuals are widely disseminated and made accessible to health professionals, training institutions and students across the region.
“These manuals should serve not only as procedural references but also as practical training resources for current and future generations of health professionals. Their value will ultimately depend on how effectively they are used to strengthen professional practice and improve the quality of healthcare delivery in our Member States,” he said.
Professor Awa Seck, who spoke on behalf of the ECOWAS Chairmanship, commended WAHO for its leadership in bringing us together and providing the institutional framework necessary to advance this important regional initiative.
“The quality of our deliberations demonstrates that we are moving in the right direction towards more consistent and harmonised professional practices across the ECOWAS region. I also extend our sincere appreciation to the Government of the Federal Republic of Nigeria for its hospitality and the excellent arrangements made for this workshop,” she remarked.
According to Prof Seck, the principal objective of this meeting was to finalise harmonised procedure manuals for health professionals, thereby providing our countries with practical tools to improve the quality of healthcare delivered to our populations
“The progress achieved represents an important milestone in the development of common professional standards and harmonised procedures across the region,” she noted.
The President of the Regional Council, Professor Koffi Balogou, thanked everyone participant for the dedication demonstrated throughout the workshop, as he expressed confidence that the remaining tasks would be completed and that the final documents would be of considerable value to health professionals across our region.
In his closing remarks, the Director-General of WAHO, Professor Palokinam T. PITCHE, noted that the documents developed during the three-day workshop “represent some of the most technically demanding work undertaken within our regional efforts to harmonise health professional training and practice,” stressing that at WAHO, “we place considerable importance on technical rigour, professional competence, transparency and the quality of our work.”
Prof PITCE, who was represented by Professor Joseph OLORUNDA, explained that it was in furtherance of this commitment that WAHO brought together experienced professionals and recognised experts who understand the realities of health training, regulation and service delivery in the ECOWAS Member States.
According to him, “the development of these manuals builds on the substantial work already undertaken to harmonise health professional training curricula across the ECOWAS region. Those harmonised curricula have attracted interest beyond West Africa, demonstrating the technical value of the region’s collective efforts.”
He said: “Our objective is not simply to produce documents, but to establish comprehensive and practical reference materials that can guide professional training and practice. The expertise assembled here has enabled us to develop resources that reflect the particular needs of our region while remaining relevant to wider professional standards. The significance of this work extends beyond the documents themselves. We are laying the foundations for greater professional mobility, mutual recognition of qualifications and improved consistency in healthcare delivery across ECOWAS Member States.
“Our ambition is to create an environment in which appropriately qualified health professionals can practise across national borders within a harmonised framework of professional standards. A health professional trained in one Member State should be able to contribute effectively to healthcare delivery in another, subject to the applicable regulatory requirements. This is an essential dimension of regional integration
“The work being undertaken today will also benefit future generations of health professionals, who will inherit clearer professional guidance and more consistent standards.”
The Director-General further reminded participants that the work was not yet complete, pointing out that the documents must be carefully reviewed, edited and finalised to ensure that they meet the required technical and professional standards.
“Once finalised, WAHO intends to facilitate access to these materials through its institutional platforms, including its website. The aim is to make the manuals available to health professionals, training institutions, regulatory authorities and other relevant stakeholders. Their use and reproduction will be subject to the applicable copyright and intellectual property arrangements. Where necessary, WAHO will also facilitate technical support to institutions seeking guidance on the practical application of the manuals. The ultimate objective is to ensure that these documents are not merely published but effectively used to strengthen healthcare delivery,” he said.
NEWS
2027: CAN Seeks Return of Sacked Traditional Rulers in Kaduna
From Shabanyan Kantiok, Kaduna
The Christian Association of Nigeria in Chikun Local Government Area of Kaduna State has urged Christian leaders and residents to support the 2027 Kaduna Central Senatorial candidate of the All Progressives Congress, Senator Shehu Sani, while appealing for the reinstatement of traditional rulers removed during the administration of former Governor Nasir El-Rufai.
The CAN chairman in Chikun made the appeal recently when Sani met with 48 zonal leaders of the association in Sabo Tasha, headquarters of the local government area, to seek their prayers and support ahead of the 2027 general elections.
The chairman urged the former senator to leverage his relationship with Governor Uba Sani to facilitate the return of the affected traditional rulers, saying such a move would promote reconciliation and strengthen relations between the government and the affected communities.
He expressed optimism that reinstating the monarchs would generate massive electoral support for the APC-led administration in Kaduna State during the 2027 elections.
The CAN chairman also appealed to Governor Uba Sani to upgrade the Sa Gbagyi traditional stool to first-class status, arguing that Chikun, which hosts the Kaduna State capital, deserved such recognition.
He said the elevation would reflect the importance of the Gbagyi traditional institution and the strategic position of Chikun in the state, urging the governor to consider the request in the interest of the people.
The CAN leadership also appealed for more political appointments for Chikun indigenes, lamenting that the local government currently had no commissioner in the Kaduna State cabinet.
Welcoming Sani, the chairman described the visit as significant, noting that the former senator was the first politician to approach the Christian community for such an engagement.
He said the meeting provided an opportunity for the community to communicate its concerns and expectations to political leaders.
The CAN chairman also cautioned against portraying the APC as a party belonging to a particular religious group, insisting that it should accommodate Nigerians irrespective of their religious affiliations.
“The APC is for everybody. It should not be seen as a party belonging to one religion,” he said.
He further lamented what he described as the inadequate representation of Chikun in the distribution of political appointments, arguing that the local government had qualified professionals capable of contributing meaningfully to governance.
“We are appealing that in the next dispensation, Chikun should be considered for key political appointments. We have qualified people who can serve,” he said.
Speaking during the engagement, Sani urged pastors to rise above religious and ethnic sentiments when making political choices, arguing that Nigeria needed leaders capable of uniting people across different divides.
He cautioned against what he described as selective empathy in responding to killings and insecurity, insisting that the lives of victims should matter irrespective of their religious or ethnic identities.
The former senator maintained that the condemnation of violence should not depend on whether victims belonged to a particular religious or ethnic group, stressing that every Nigerian deserved protection.
He also questioned the silence of some political and religious actors over security challenges during previous administrations, urging Nigerians to apply the same standards of accountability to leaders across political divides.
Sani further argued that opposition to President Bola Tinubu’s administration should not be driven solely by ethnic or religious considerations but should be based on an objective assessment of government policies and performance.
He challenged opposition politicians to account for their records in public office and explain their contributions to improving the lives of Nigerians rather than concentrating solely on criticising the current administration.
The APC senatorial candidate also encouraged pastors and Christian leaders to participate actively in politics, saying religious leaders should not completely abandon the political space to politicians.
He said his visit was aimed at building bridges across religious communities, seeking the prayers of the pastors and securing their support ahead of the 2027 Kaduna Central senatorial election.
NEWS
OPay Opens New Kano Office, Strengthens Commitment to Nigeria’s Financial Inclusion
OPay, Nigeria’s leading digital bank, has opened a new office in Kano State, strengthening its presence in Nigeria and bringing its financial services and customer support closer to individuals, businesses and communities across the state.
The new office, located on Hadeja Road by Yankaba Market, is part of OPay’s continued investment in Nigeria and its commitment to making financial services more accessible, affordable, convenient, safe, and reliable for Nigerians.
It will serve as a support hub for customers, merchants and business partners, providing a closer point of contact for assistance, business engagement and service-related needs.
With Kano serving as an important centre for trade, commerce and businesses in Northern Nigeria, the new office will help OPay better understand and respond to the needs of people and businesses in the region.
It will also strengthen engagement with local merchants and business owners, helping them access the digital payment solutions they need to serve their customers and manage their daily transactions more easily.
Speaking at the opening, Ifeoma Mba, Chief People Officer, OPay, said:
“Our commitment is to be closer to the people and communities we serve.
Opening this office in Kano means more customers and businesses can access the support they need, while giving us a better opportunity to understand their needs. We are proud to continue investing in Nigeria and supporting more people and businesses through accessible digital financial services.”
Since commencing operations in Nigeria in 2018, OPay has continued to provide digital financial services that help individuals and businesses make payments, transfer money, pay bills, save and manage their everyday financial needs.
The opening of the Kano office further reaffirms OPay’s long-term commitment to Nigeria and its role in supporting the country’s financial inclusion goals.
By bringing its people, services and support closer to local communities, OPay is helping more Nigerians participate in the digital economy and giving businesses more opportunities to serve their customers.
OPay’s business operations across Nigeria continue as usual, with its services available to customers and merchants.
As OPay continues to deepen its physical presence across the country, its focus remains on making financial services more inclusive through technology.
About OPay
OPay was established in 2018 as a leading digital bank in Nigeria with the mission to make financial services more inclusive through technology.
The company offers a wide range of payment services, including money transfers, bill payments, card services, airtime and data purchases, and merchant payments, among others.
Renowned for its fast and reliable network and strong security features that protect customers’ funds, OPay is licensed by the CBN and insured by the NDIC with the same insurance coverage as commercial banks.


