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Reps urge CBN to Address Delay in e-Money Transfers by Financial Institutions

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The House of Representatives has urged the Central Bank of Nigeria (CBN) to address delays arising from instant (Inter-Bank) Electronic Funds Transfer Services in Nigeria.

The call was sequel to a unanimous adoption of a motion by Rep. Mohammed Bello (APC-Kano) at plenary on Wednesday.

Moving the motion, Bello said that pursuant to Sections 2(d), 33(I)b) and 47(2) of the CBN Act, 2007, the apex bank is saddled with the duty and responsibility of promoting a sound financial system in Nigeria.

According to him, the CBN via a circular dated Sept. 13, 2018 issued a regulation on instant (Inter-Bank) Electronic Funds Transfer Services targeted at various payment platforms that seek to provide the service in Nigeria.

“The circular was directed at all Deposit Money Banks, Micro Finance Banks, Other Financial Institutions, Mobile Money Operators, Development Financial Institutions, Payment Service Providers and other stakeholders within the financial institutions.

“The said circular was initiated to curb issues regarding delayed or failed transfer of funds, and the regulation also stipulated sanctions against banks and other financial institutions in the event of a failed or delayed E-Funds transfer.

“Concerned that the regulations are not being complied with by banks and other financial institutions as issues regarding failed and delayed transfers are still very pronounced in Nigeria.

“Also concerned that the delays occasioned by sending and receiving entities with respect to E-Funds Transfer Services have resulted in untold misery to bank customers who depend on it for emergencies,” he said.

The rep said that customers of financial institutions across the country have no adequate means of filing complaints and getting immediate resolutions on failed E-Funds transactions that occur on weekends and public holidays.

The house also urged the CBN the to make regulations with respect to the procedure channelling complaints by aggrieved customers.

In his ruling, Deputy Speaker Ahmed Wase, mandated the house Committee on Banking and Currency to ensure compliance. (NAN)

POLITICS

2027: APC Governors Endorse Tinubu

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The Progressive Governors Forum on Thursday at the All Progressives Congress (APC) National Summit held in Abuja endorsed President Bola Tinubu as sole candidate for the 2027 presidential election.

The endorsement, which was moved by Gov. Hope Uzodimma of Imo and Chairman of the forum Chairman, was seconded by Gov.

Uba Sani of Kaduna State.

Uzodimma, who spoke on behalf of the forum, emphasised commitment to mobilising resources and ensuring victory for Tinubu in their respective states.

The governors expressed confidence in Tinubu’s leadership and reforms, promising to deliver their states in the upcoming elections.

This endorsement follows similar moves by other APC regional leaders, including the North Central governors who recently passed a vote of confidence in Tinubu’s administration, praising his developmental strides and inclusive governance approach.

(NAN)

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POLITICS

Senate Passes Bill Establishing FMC Adikpo into Law

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By Eze Okechukwu, Abuja

The Senate yesterday passed into law a bill for the establishment of a Federal Medical Center, Adikpo in Benue state.

The bill which was sponsored by Senator Emmanuel Udende (APC, Benue North East) was read for the third and final time during plenary with an unanimous approval by the legislatures when it was committed to the Committee of the whole.

The bill, according to Udende, seeks to establish a federal medical center in Adikpo which will not only cater for the health needs of the people of Benue North East senatorial zone but Benue state and Nigeria in general and beyond.

“The bill awaiting presidential assent seeks to bring medical care closer to the people, especially in times of emergency.

The distance between Adikpo , a Nigerian boarder town and Makurdi, Benue State capital where a Federal Medical Center exists is over 300 kilometers, so patients who need medical care within the Adikpo axis are on a danger line, hence my resolve to use the instrumentality of the parliament to address the troubling health challenge”, senator Udende said.

He explained that the people of Kwande who share boundaries with the Republic of Cameroon most often are required to seek medical attention outside their country and in most cases are frustrated or cannot afford the cost.

According to senator Udende, the strategic location of the health facility will provide potential economic benefits of trade and cultural exchange, giving its proximity to the Republic of Cameroon.

He stressed that the Federal Medical Centre will also trigger infrastructure development, healthcare and open up the locality in terms of education while expressing concerns that the absence of such institutions on the side of the Nigerian border town has grossly caused underdevelopment.

The senator however commended the senate Committee on Health and Tertiary Institutions for conducting a public hearing which gave rise to the final parliamentary journey of the bill.

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NEWS

NASC: Senate Confirms Nnanna Uzor Kalu as Commissioner For S/east

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The Senate on Tuesday confirmed the appointment of Dr Nnanna Uzor Kalu as a commissioner in the National Assembly Service Commission (NASC) to represent the South-East geopolitical zone.

The confirmation followed the presentation and adoption of the report of the Senate Committee on Establishment and Public Service, chaired by Sen.

Cyril Fasuyi, during plenary.

Kalu’s confirmation was previously stepped down in March due to a petition filed against him.

At the time, the senate had confirmed 12 out of 13 nominees for the NASC, withholding only the nomination from the South-East pending resolution of the matter.

Presenting the report, Fasuyi explained that the petition had been thoroughly investigated and dismissed by the Senate Committee on Ethics, Code of Conduct and Public Petitions.

The committee found no grounds to disqualify the nominee.

“In line with the findings and recommendations of the relevant committees, the Senate Committee on Establishment and Public Service recommends the confirmation of Dr Nnanna Uzor Kalu,” Fasuyi said.

In his remarks, Senate President Godswill Akpabio thanked both committees for handling the issue with diligence and fairness.

He congratulated Kalu on his confirmation and urged him to serve with integrity.

“I urge the newly confirmed commissioner to uphold equity, fairness, and constitutional values while representing the South-East in the commission,” Akpabio said.(NAN)

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