News
NIN Registration Suspended as NIMC Staff Commence Strike
The current registration of national identity numbers has been suspended owing to the indefinite strike embarked upon by the National Identity Management Commission (NIMC) unit of the Association of Senior Civil Servants of Nigeria (ASCSN).
In a communique released at the end of a congress and signed by Micheal Asekokhai, ASCSN NIMC unit and Victor Odia, the union’s secretary, said the industrial action was over poor welfare package, lack of tools and risk of exposure to coronavirus.
“The meeting was convened to discuss the state of the exposure of staff members to COVID-19, and the salary structure and its representation in the annual appropriation, and the irregularities in the conduct of promotions, and the personal protection and safety in light of the covid-19 pandemic,” the communique read.
Some of their demands are a review of the “lopsided and irregular” promotion done in 2017 and 2020, implementation of the approved salary structure and its appropriation in the 2021 annual budget and adequate provision of work tools for civic data enrollment.
They also demanded the provision of adequate monthly operational stipends, work tools necessary for the process of enrolment of civic data: these tools are not limited to; power and connectivity (airtime and data connectivity), enrolment systems and peripherals, stationeries and consumables (NIN slips, enrolment forms, A4 paper).
“It was agreed that all enrolment activities should be suspended with immediate effect pending when the aforementioned demands are met,” the union said.
“Consequent upon the just concluded congress of the above-mentioned association that took place on January 6, 2020, the unit executive directs all members of grade level 12 and below in the head office and state offices to report to their respective duty posts tomorrow January 7, 2020, and do nothing.
“All members at the local government offices and special centres are advised to stay away from their various centres as task force and implementation committees would be on parade to ensure total compliance with the directive.”
The National Insurance Commission, (NAICOM), on Wednesday, sacked the board of African Alliance Insurance Plc with effect from October 30, 2024.
The Commissioner for Insurance, Mr. Segun Omosehin, disclosed this during a press conference in its Lagos office, that an interim board and management have be appointed.
The new interim board are: Dr Haruna Mustafar, a former director at Central Bank of Nigeria; Anthony Achebe – Non-Executive and Haj. Halimatu M. Khabeeb – Non-Executive Director.
The management team is led by former Managing Director of International Energy Insurance and Cornerstone Insurance Plc, Jacob Erabor, as Managing Director/ CEO; Wasiu Amao – Executive Director, Technical and Ms. Oremeyi Longe – Executive Director, Finance.
He noted that the interim management has up to one year to turn around the company.
He said the decision follows an extensive monitoring and review of the company’s financial condition, governance, and operational practices, which revealed significant concerns regarding its ability to continue operating in a safe and sound manner which has for some time now generated a lot of uncertainty over claims settlement and payment to annuitants under the company.
The Interim Management Board, according to him will oversee the company’s operations, ensure compliance with regulatory requirements, and implement necessary reforms.
While noting that the Commission will work closely with all stakeholders, including annuitants, policyholders, employees, and investors, to minimise disruption and ensure continuity.
”The objective of this takeover is to protect the interests of African Alliance Insurance Plc’s annuitants, policyholders, other stakeholders, and the broader insurance industry while ensuring the company’s return to stability and compliance.
“The Commission is committed to maintaining the stability and integrity of the Nigerian insurance industry. Our actions today demonstrate our resolve to address concerns and protect the annuitants, policyholders and public interest.”
Economic and Financial Crimes Commission (EFCC) has arrested four suspected bank hackers in Abuja for alleged conspiracy, unauthorized access to banks’ computer systems and fraudulent withdrawal of depositors’ funds.
The suspects are Chima Anthony Nwigwe, suspected leader of the hacking syndicate alongside three others: Effiong Victor Emmanuel, Mohammed Bello Mahmud, the managing director, Downstone Ultimate Limited, and Daminan Ali.
Dele Oyewale, spokesperson, EFCC, said in a statement on Tuesday, that the suspects were arrested in a sting operation in Abuja following actionable intelligence about their suspected involvement in hacking, compromising databases of commercial banks, thereby causing fraudulent transfers and withdrawals through different digital platforms.
He also noted that the suspects would be charged to court upon conclusion of investigations.
PalmPay, Nigeria’s fintech platform, was awarded the Most Outstanding Fintech Driving Financial Inclusion at the prestigious BrandCom Awards 2024, held on October 26th.
The award, presented by Brand Communicator, celebrates Palmpay’s remarkable contribution to expanding financial inclusion across Nigeria.
The recognition from Brand Communicator reflects PalmPay’s commitment to bridging financial gaps and expanding access to reliable financial services for millions of Nigerians.. Since its launch in 2019, PalmPay has prioritized empowering underserved communities with innovative tools that enable seamless transactions.
“At PalmPay, we believe financial inclusion is the foundation for economic empowerment, and we’re dedicated to ensuring that every Nigerian has access to secure, user-friendly, and reliable financial services,” said Hanson Femi, Head of Marketing and Communications at PalmPay.
“This award highlights the collective efforts of our team and partners who work tirelessly to make financial services more accessible to underserved communities across the country.”
PalmPay’s broad suite of digital offerings, includes instant transfers, bill payments, and its newly launched USSD feature, which is designed to make banking easily accessible to all.
Today, PalmPay’s app serves over 35 million users and connects 1.2 million businesses through its network of mobile money agents and merchants, cementing its role as a leader in the Nigerian fintech ecosystem.
With operations in Nigeria, Ghana, Tanzania, Kenya, and key international hubs like London, Hong Kong, Hangzhou, and Shenzhen, PalmPay is continually expanding its reach and impact.
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