News
Nigeria’s e-Payment Body Changes Name to E-PPAN
The Stakeholders Association for E-Payment and Self Service (SAFE-PASS), the association responsible for catering for the stakeholders in the e-payment business in Nigeria has changed its name. It is now known as E-Payment Providers Association of Nigeria (E-PPAN). This name change has become necessary as the association takes steps to formalize and institutionalize the body.
In the past few years, e-payment has experienced phenomenal growth in Nigeria, with increasing use of payment technologies and the expansion of ecommerce across sectors. In terms of volume and value, e-payment transactions in 2008 increased by 306.8 and 65.5 percent to 21,860,193 and N365.9 billion, respectively, over the figures in the corresponding period of 2007.
The industry is fragmented howbeit with a few dominant players, largely unstructured, and characterized by a high degree of fraud. It, however, remains attractive to new entrants offering both niche and broad based solutions, considering the size and potentials of the Nigerian economy.
Hence the need for a collaborative forum to establish a modus operandi for players in the industry in alignment with global best practices, promote the interest of all stakeholders, drive the growth of the industry and its contribution to the nation’s economic growth and development.
Currently the association operates from its secretariat at 33A, Bishop Abayode Cole Street, Victoria Island, Lagos. Its mission is to ensure a growth in the e-payment industry and act as one stop shop for all stakeholders in the industry.
Membership is opened to stakeholders including, PoS/ATM deployers, processors, card manufacturers, personalization companies, switching companies, financial institutions (including microfinance institutions), and providers of related services, government, e-payment consultants and regulatory authorities.
The association offers a lot of services to the e-payment industry. Some of its services include breakfast sessions, high powered meetings, interactive sessions, expert analysis sessions, conferences, sponsored or co-sponsored conferences, symposia, and workshops and unprecedented levels of opportunities to network with colleagues.
Members are also entitled to enjoy the customized services such as user-group meetings, training courses, strategy review service, business matching services, discounts to third party conferences, E-PPAN email newsletter, business intelligence mails, papers, reports, journals and presentation materials.
News
NCDC Activates Emergency Response as Lassa Fever Kills 190
Nigeria has launched an emergency response centre after recording 190 deaths from Lassa fever, a viral hemorrhagic illness, according to Nigerian Center for Disease Control (NCDC).
The disease, mainly transmitted to humans via contact with food or household items contaminated with rodent urine or excrement, has infected 1,154 people in six Nigerian states.
Jide Idris, head, Nigerian Center for Disease Control, said the agency’s risk assessment has categorized it as high, prompting the activation of the emergency Operations Centre to manage the outbreak.
“While the disease occurs throughout the year, peak transmission typically happens between October and May, coinciding with the dry season when human exposure to rodents increases,” he said at a press briefing in Abuja.
The centre will ensure seamless coordination of the control and management of the outbreak.
Symptoms of the virus – which can also be passed between people through bodily fluids of those infected – include fever, headaches and, in the most severe cases, death.
The World Health Organization classifies Lassa fever as a priority disease due to its epidemic potential and lack of approved vaccines.
News
2025 Budget: FG Earmarks N1.5Bn for Airports’ Internet, Others
Federal government has proposed to spend N1.5bn for internet services for passengers at five international airports in the country.
The project, “Provision/Upgrade of WiFi Services for Passengers in Five International Airports and some Domestic Airports” was listed as a new project in the 2025 appropriation.
In some parts of the world, access to the internet via Wi-Fi at airports is regarded to be a basic human right.
Such amenities are lacking in Nigeria.
But the 2025 budget presented to the National Assembly last week by President Bola Tinubu saw the sum of N105.953,496,365 being allocated to the Ministry of Aviation.
Apart from internet access at the airports, some other capital allocations were reinstated for the Nigerian Airspace Management Agency (NAMA).
In previous budgets, three agencies of the ministry including the apex regulatory agency, the Nigeria Civil Aviation Authority (NCAA); the Federal Airports Authority of Nigeria (FAAN) and NAMA were exempted from the annual budgetary allocation.
In addition, the federal government deducts 50 per cent of the Internally Generated Revenue (IGR), which is against the standard and recommended practices of the International Civil Aviation Organisation (ICAO), which recommends that the funds generated by the agencies should be reinvested into improving infrastructure and boosting aviation safety.
News
Egueke, Former Bank Manager Jailed for $46,900 Fraud
Fidelis Egueke, former bank manager, , has been convicted and sentenced to six months in prison by an Asaba, Delta State Chief Magistrate’s Court for defrauding a victim of $46,900.
Chief Magistrate Callistus Isioma Moeteke found Egueke guilty of a single charge brought against him by the police under case number CMA/295c/2024.
Raphael Eze, prosecutor, of the State Criminal Investigation Department (SCID), Asaba, said Egueke, a former Asaba branch manager of a tier-one bank, fraudulently obtained $46,900 by using two Certificates of Occupancy (CofOs) as collateral.
One of the land titles, however, was not his, and the other was fake.
After receiving the money, Egueke used it for personal expenses and failed to repay the victim as promised.
The prosecution argued that Egueke’s actions violated Section 419 of the Criminal Code Law, Cap C21, Vol.1 Laws of Delta State, Nigeria, 2006.
Despite denying the offence, Egueke failed to present evidence of repayment during the trial.
Chief Magistrate Moeteke determined that the prosecution had proven its case beyond a reasonable doubt.
Egueke was convicted and sentenced to six months imprisonment.
However, the court also gave him the option to pay a fine of N350,000 in lieu of serving the prison term.
The court ordered Egueke to pay N30 million in restitution to the victim within six months of his conviction.
The charge against Egueke stated that, in 2016, he fraudulently obtained a credit facility worth $46,900 (approximately N60 million) from Chief Jude Ndudi by presenting false documents, including land titles that did not belong to him, in violation of Section 419 of the Criminal Code Law.
Egueke is also facing trial before a Lagos Federal High Court on charges related to a separate fraud case involving N179.498 million.
He is being prosecuted by the Force Criminal Investigation Department (ForceCID), Annex Alagbon-Ikoyi, Lagos.
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