NEWS
UBA to Begin Cross-Border Transactions with PAPSS in Q4

United Bank for Africa Plc (UBA) says it will commence cross-border transactions with the new Pan-African Payment and Settlement System (PAPSS) in the fourth quarter of 2022.
Mr Kayode Olubiyi, Group Head, Digital Banking, UBA, said on Tuesday at a UBA webinar that the reason UBA was selected as the first bank to pilot the payment was because of its Pan-African presence in five of the six-countries selected for the first phase.
The six countries selected for the first phase of documentation and pilots are- Nigeria, Ghana, Sierra Leone, Guinea, Liberia and Gambia.
Newsmen report that the webinar discussed “ Facilitating Cross-border Payments with PAPSS’’, a platform that enables traders make real-time transfers of funds from one African country to another.
“UBA is present in five of these locations, this is one of the reasons why we have been selected because of our pan African presence
“UBA in collaboration with Afrexim Bank will be among the first commercial banks not just in Nigeria, but across Africa to implement PAPSS system.
“UBA is present in 20 African countries and with this initiative, expanding to more countries. We will be able to facilitate seamless cross-border transfers across not just the countries where we are, but across all the 54 countries in Africa,’’ he said.
Olubiyi said that the ability to trade between countries directly in Africa and to make cross-border payments would be opened up in these first set of countries and subsequently would be expanded to the other countries across Africa.
He said PAPSS, a centralised payment infrastructure, put together by Afrexim would facilitate and improve intra-African trade and commerce payments as making payments across border could sometimes be a challenge.
He urged SMEs and business start-ups to leverage PAPSS as it would impact infrastructure and provide a good alternative to payments across Africa and reduced cost in terms of sending money from one country to another.
“These are the things that PAPPSS is coming to address and take out of the way. It will facilitate economic activities among African countries to simple low cost risk control payments, clearing and settlement system,’’ he said.
Monica Oraro , Head, Product and Business Development , PAPSS said that the process for the final integrations was ongoing and the target was to have Nigeria and Ghana running in the fourth quarter of 2022.
“We are just in the process of doing the final integrations, I believe UBA will be one of the first bank to start off transactions; but our target is to have Nigeria and Ghana running in Q4.
“So between next month and December, and then in Q1, we will be focusing on the other four countries- Liberia, Sierra Leone, Gambia and Kenya.
“So, today we are focusing on Africa because of our role in being able to support the coming to light of the African continental free trade agreements; but we also recognise that there is a lot happening between Africa and the rest of the world.
“So in the future, we will look into facilitating payments going maybe out of Africa or coming in, but today, our focus is on all payments that are moving within Africa,’’ she said.
She added that PAPSS was commencing with the banks today and in the future would work with FinTechs so that people could have the ability to not just send money to an account, but also to a mobile number as well.(NAN)
NEWS
Breaking: George Akume remains SGF – Presidency

The presidency says there has been no change in the status of Senator George Akume, as Secretary to the Government of the Federation.
This is according to a statement by Special Adviser to the President on Information and Strategy, Bayo Onanuga.
Mr Onanuga says President Bola Tinubu, currently in Saint Lucia, has not made any new appointments.
He described the information circulating about Akume’s replacement as untrue, adding that agents of mischief fabricated it.
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NEWS
Diri Campaigns Against Drug Abuse, Trafficking

From Mike Tayese, Yenagoa
Bayelsa State Governor, Sen. Douye Diri yesterday, led a campaign against drug abuse and illicit trafficking as part of activities commemorating the International Day Against Drug Abuse and Illicit Trafficking.
Diri advised people of the state, particularly the youths, to shun hard drugs and trafficking of illicit substances, saying they were harmful to their health and to the society.
The Bayelsa governor, who spoke shortly after the weekly Prosperity Walk exercise at the Samson Siasia Sports Complex in Yenagoa, also urged youths to develop themselves by acquiring a skill and work towards actualising their God-given potential.
“We just completed a nine to 10km walk, which is a test of our fitness. As it is said, health is wealth.
“Today is the International Day Against Drug Abuse and Illicit Trafficking. We are not only observing the global campaign, we are also leading it here in Bayelsa.
“No one in his right senses goes to commit crime and violent acts except that individuals are under the influence of hard drugs. My advice to youths is to be self-confident, have the fear of God and develop your innate potential for you to become a star.”
He implored youths to emulate the shining example of a Bayelsa-born United States-based athlete, Victory Godah, who was discovered through the state’s sports programmes.
He commended her gesture of donating sporting equipment as a way of giving back to the state.
“Victory Godah from Ekeremor local government area was discovered here and because of her skill, she is now at the University of Minnesota, United States. She has given back to the state through sports equipment so that more of us can have that access.”
In his remarks, the Commissioner for Health, Prof. Seiyefa Brisibe, emphasised the importance of the weekly walk, stating that participants above 40 years would have their blood pressure controlled after taking about 5,000 steps.
Also, state chairman of the Drug Abuse, Addiction, Prevention and Rehabilitation Committee, Dr Peter Owonaro, said the committee’s outreach in the state had been a huge success, noting that a recent research indicated that the drug abuse prevalence rate in Bayelsa dropped by five per cent from 21.4 per cent.
Also, the state commander of the National Drug Law Enforcement Agency (NDLEA), Kanu Sunny, lauded the state government for its unprecedented support in the fight against drug abuse and trafficking.
He said the campaign was taken to secondary schools as well as tertiary institutions and encouraged all to join in the war against the menace.
Foreign News
Ally of Cameroon President, 92, Quits ‘Broken’ Government to Challenge Him

Issa Tchiroma Bakary – a prominent minister and long-time ally of President Paul Biya – has quit Cameroon’s government, in the hope of ending 92-year-old Biya’s four-decade grip on power in upcoming elections.
Just four months before the central African nation went to the polls, Tchiroma said the Biya administration he belonged to had “broken” public trust and he was switching to a rival party.
“A country cannot exist in the service of one man,” he said on Wednesday.
While he was communications minister, Tchiroma notably came under fire for denying – then backtracking on his denial – that Cameroonian soldiers had killed women and children in a viral video.
His other roles during almost two decades in government include being a spokesman for the Biya government, and, until his resignation on Tuesday, he was employment minister.
Paul Biya – the world’s oldest head of state – has yet to confirm if he will attempt an eighth term as president. Last year, the country banned reports on the president’s health following rumours he had died.
As this election approaches, high unemployment and soaring living costs are of concern to many Cameroonians, as are corruption and security. A separatist insurgency in the English-speaking provinces as well as jihadists operating in the northernmost region have forced many thousands of Cameroonians from their homes in the past decade.
Cracks in Tchiroma’s relationship with President Biya were blown open earlier this month, when he told crowds in his home city of Garoua that Biya’s time in power had not benefited them in any way.
Tchiroma, widely reported to be 75, continued this criticism in a 24-page manifesto released a day after his resignation – promising to dismantle “the old system” so that Cameroon could move beyond “abuse, contempt, and the confiscation of power”.
One of his proposed solutions is federalism – he is offering to hold a referendum on devolving more power to Cameroon’s 10 provinces. This has long been mooted by many as a solution to the country’s so-called Anglophone crisis.
Specifically addressing English-speaking Cameroonians, who have long complained of marginalisation and discrimination in Francophone-dominated public institutions, he said “you do not need people to speak for you – you need to be listened to” and that “centralisation has failed”.
Tchiroma also used his manifesto to say Cameroon “has been ruled for decades by the same vision, the same system. This model, long presented as a safeguard of stability, has gradually stifled progress, paralysed our institutions, and broken the bond of trust between the state and its citizens”.
As the October presidential election approaches, rights groups have condemned the government’s crackdown on dissent.
Shortly after Tchiroma announced his plans to run for the presidency, the government reportedly announced a ban on all political activities by his Cameroon National Salvation Front (CNSF) party in a sub-district of the Far North region – a part of the country where he is said to be an influential power-broker.
Weeks earlier, fellow presidential hopeful Maurice Kamto had his movements curtailed during a two-day police stakeout in Douala, after promising supporters at a rally in Paris that he would protect Biya and his family if he wins in October.
Parliamentary elections that were also supposed to take place earlier this year have been delayed until 2026.
Reaction to Tchiroma’s presidential bid has been mixed – some think he is canny.
“By positioning himself as the elder statesman who ‘saw the fire coming’, Tchiroma is hedging that his break with Biya will be seen as bold – not opportunistic,” Cameroonian analyst and broadcaster Jules Domshe said.
“From economic fallout to youth unemployment, insecurity, and growing unrest in the North-West, South-West, and Far North [regions], Cameroon is ripe for change.”
Opposition voices are divided – some want Tchiroma to support Kamto, who was the runner-up in 2018 with 14% of votes. But others say he is tainted by his long association with Biya.
“He cannot embody change… He was part of the system for too long. The youth do not trust him,” says Abdoulaye Harissou, a legal notary and prominent critic once detained by the government.
Another member of the opposition – Jean Michel Nintcheu of the APC coalition – simply said: “We don’t see Tchiroma as a potential winner.”
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