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CBN Introduces Finger-Prints In ATM

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12 years ago

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Representative of Minister of Petroleum Resources, Engr. Ernest Nwakpa (left), receiving an award from Vice Chancellor of the University of Port Harcourt, Prof. Joseph Ajienka, during an induction /anniversary ceremony organised by Institute of Petroleum Studies of the university, in Port Harcourt, recently Photo: Obinna Prince Dele

Representative of Minister of Petroleum Resources, Engr. Ernest Nwakpa (left), receiving an award from Vice Chancellor of the University of Port Harcourt, Prof. Joseph Ajienka, during an induction /anniversary ceremony organised by Institute of Petroleum Studies of the university, in Port Harcourt, recently Photo: Obinna Prince Dele

The Central Bank of Nigeria (CBN) plans to introduce ATM system that would operate with finger prints instead of card as from next year.

The Head of Information and Client Services, CBN, Port Harcourt branch, Mr. Okeke Ikechukwu Stephen disclosed this last Saturday at the Port Harcourt Bankers Committee End of year Party 2013 held in Port Harcourt.

Stephen who delivered a lecture titled “CBN’s New Initiatives”, at the event disclosed that the cashless system introduced in Rivers State had put a stop to the challenge of armed robbery attacks on banks in the state.

He urged Nigerians to embrace the cashless system and enjoy the numerous merits derivable from it.

Highlight of the lecture was the practical demonstration of the use of the Point of Sale (POS) machine.

Meanwhile, Zenith Bank was named the best bank in terms of volume of transaction, deposit and withdrawal in the Port Harcourt clearing House, Guarantee Trust Bank clinched first position in the category of banks that were most responsive to directive of CBN while First Bank came first amongst banks in terms of service to the development of Rivers State.

The Controller of CBN, Port Harcourt branch, Mr. Ken Effa expressed gratitude to those that partnered with CBN, Port Harcourt branch in discharging the core functions of the bank to Rivers people and urged them to continue in their fruitful collaboration.

He noted that the branch had remained second to Lagos in terms of impressive performance irrespective of a lot of anxieties and expectations from the sector.

Effa remarked that the quantitative easing earlier introduced by the Bank of England and Bank of Japan and most Central Banks in US and Europe in 2013 had resulted in the stability of monetary conditions and expressed hope that the stability would be sustained.

According to the CBN boss who was also the chairman of the event, the CBN had capacity through its policies to stabilise the exchange rate of Naira as it had contained inflation within the single digit.

He said as a responsive and pro-active institution, CBN had not rested as evidenced in the bank’s economic blueprint for the banking sector reform and the various policy pronouncements.

He mentioned the introduction of revised Guide To Bank Charges in April 2013, introduction of Customers forum, launching of N220 billion Micro, Small and Medium Enterprises Development fund in August, extension of the cashless policy to six states, introduction of Agent Banking Model as well as continued implementation of the 3-tiered Know-Your Customers Guildelines amongst achievements recorded by CBN within the 2013 fiscal year.

 

Chris Oluoh

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NPA Assures On Staff Welfare 

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2 weeks ago

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June 27, 2025

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The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said the management will continue to accompany its port infrastructure  and equipment  modernization drive  with the development of the welfare of its personnel.
Dantsoho made the disclosure recently while responding to the commendation by the Maritime Workers Union (MWUN) and the senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC) on the  clearing  of the age-long problem of employee stagnation, when the union paid him a courtesy visit at the Authority’s headquarters in Lagos.
A Statement by NPA’s General Manager Corporate & Strategic Communications, Mr. Ikechukwu Onyemekara, quoted Dantsoho as saying,  “our Port infrastructure and equipment modernization drive will go hand-in-hand with continuous staff welfare improvement”.
The NPA MD disclosed that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch, adding that “talent development constitutes a critical success factor for the actualization of the big hairy audacious goals we have set for ourselves especially in the area of Port competitiveness.
“The only way we can meet and indeed exceed stakeholders’ expectations is to deepen the competencies of our human resources assets and boosting their morale.”
Speaking further, Dantsoho commended the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for approving the strategic proposal of the Dantsoho-led Management team that solved the over a decade-long problem of lack of promotion that had fuelled industrial disharmony.
“I must specially appreciate our amiable Minister for graciously approving the multi-pronged stratagem we deployed that cleared all outstanding cases of employee stagnation by conducting examinations in one fell swoop and instituted timelines to forestall a recurrence of such anomaly”, he sad.
Speaking on behalf of the joint maritime labour unions, the President  of Senior Staff Association of Statutory Corporations & Government-Owned Companies (SSASCGOC), Comrade Bodunde stated, “In addition to clearance of the backlog of stagnated promotions, we also wish to express our appreciation for the increase in productivity bonuses, provision of end-of-year welfare packages for staff, and the revision of the Financial Guide to the Condition of Service, which now addresses our members’ concerns about inflationary pressures.”
Nkpemenyie Mcdominic, Lagos
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ANLCA Chieftain Emerges FELCBA’s VP

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2 weeks ago

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June 27, 2025

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National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Elder Olumide Fakanlu, has been elected Vice President of the Federation of ECOWAS Licensed Customs Brokers Association (FELCBA).
The election took place during the FELCBA Congress, held from Tuesday, June 17th to Thursday, June 19th, 2025, in Freetown, Sierra Leone.
Fakanlu’s emergence as Vice President marks a significant achievement for Nigeria within the regional customs brokerage community.
Apart from Fakanlu, Secretary of the Seme Chapter of ANLCA, Austin Nwosu, was also elected, securing the role of Secretary of Relations with Institutions.
The Nigerian delegation played an active role in the congress, with Michael Ebeatu nominated as a member of the electoral officer team, ensuring a fair and transparent election process.
The three-day congress concluded with delegates undertaking a visit to the Sierra Leone Port, offering insights into the host nation’s maritime operations, followed by a recreational trip to the Tokeh Beach.
The newly elected executives are expected to lead FELCBA in its efforts to harmonize customs brokerage practices, promote trade facilitation, and advocate for the interests of licensed customs brokers across the ECOWAS sub-region.
Nkpemenyie Mcdominic, Lagos
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NSC, Police Boost Partnership On Port Enforcement 

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2 weeks ago

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June 27, 2025

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In a bid to enhance more enforcement in the nation’s Port, the Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to stronger inter-agency collaboration with the Nigeria Police Force (NPF).
The Council said the collaboration is aimed at enhancing stronger enforcement, compliance and improve operational efficiency across Nigeria’s ports.
Executive Secretary/Chief Executive Officer of  NSC, Dr. Pius Akutah, made this known during a visit to the  Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, at the Force Headquarters, Abuja.
The visit, which he said, focused on strengthening institutional synergy, comes in the wake of growing responsibilities for the NSC under the newly created Ministry of Marine and Blue Economy.
Akutah emphasized the critical role of security agencies in supporting port operations and ensuring regulatory compliance.
He called for the posting of police officers to assist the Council’s monitoring and enforcement teams at key port locations including Lagos, Warri, Onne, Port Harcourt, and Calabar.
“The posting will complement the activities of our revived task teams and enhance our ability to enforce standards across the maritime logistics chain”, he said.
Earlier, the Inspector-General of Police, Dr. Egbetokun, assured the Council of the Force’s readiness to continue supporting the growth of the maritime sector.
The IGP acknowledged that compliance enforcement is essential to the successful implementation of Nigeria’s Blue Economy objectives.
“The NSC and NPF are expected to deepen collaboration in the months ahead, with a shared focus on building a secure, efficient, and competitive port environment”, to the IGP emphasized.
Chinedu Wosu
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