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NIMC, ALTON Discuss January 2019 NIN Deadline

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Ahead of the January 1, 2019 deadline given by the Federal Government for the mandatory use of the National Identification Number (NIN), Director-General of the National Identity Management Commission (NIMC), Engr. Aliyu Aziz has held wide ranging consultations with the leadership of mobile network operators in the country under the aegis of Association of Licensed Telecom Operators of Nigeria (ALTON) led by its Chairman, Engr. Gbenga Adebayo.

Engr. Aliyu Aziz said he considered the meeting with ALTON to be central in the implementation of the recently launched Digital Identity Ecosystem spearheaded by NIMC given the Association’s members’ customers – the mobile subscribers – who currently run into nearly 150 million.

ALTON is the umbrella body of all mobile operators in Nigeria, such as MTN Nigeria, Glo Mobile, Airtel, 9mobile and Ntel. As of September 2018, the telecom regulator, the Nigerian Communications Commission (NCC), stated that there were 143 million mobile phone subscriptions or active connected lines in Nigeria.

Against this background, Engr. Aziz explained: “The Digital Identity Ecosystem is a sustainable scheme where any of the data collecting Government agencies or licensed private agency can enrol and capture data from citizens and legal residents and send to the NIMC backend.”

Speaking further on the meeting with ALTON, he said the MNOs in Nigeria “are already undertaking data capture subscribers’ information including biometrics for any SIM to be active. This information is sent to a central database managed by NCC.

“The NCC being a stakeholder in the identity ecosystem is required by the NIMC Act and Regulation, to ensure the use of the NIN for access to services including SIM utilisation. Of course, NCC is a key partner in the Identity Harmonisation process, and was one of the earliest government agencies to handover to NIMC data available to it from SM registration for warehousing by NIMC in the National Identity Database,” Engr. Aziz affirmed.

Therefore, the meeting with ALTON was not only much desired and important; it was a natural way to also prepare the mobile operators, who are critical stakeholders, towards the January 1, 2019 deadline for the mandatory use of the NIN, Engr. Aziz stated.

The NIMC D-G also used the opportunity to explain the effect and implication of the ‘mandatory use of NIN’ in the Federal Government’s directive.

“Some people have the wrong impression that by January 1, 2019, by mandatory use of the NIN means everyone in Nigeria must have the NIN. This is not correct. Rather, what it means is that to access any services as specified under Section 27 (1) of the NIMC Act 2007, a person must have the NIN; where one does not have it, any government agency or private sector operator to be licensed by NIMC offering such services that fall under the mandatory use of the NIN, must immediately enrol the person and generate the NIN under the Digital Identity Ecosystem I explained earlier,” he stated.

Section 27 – (1) of the NIMC Act 2007 states: “As from the date specified in that regard in regulation made by the Commission, the National Identity Number issued to a registered individual must be presented for the following transactions, that is:

  1. a) application for, and issuance of a passport
  2. b) opening of individual and/or personal bank accounts
  3. c) purchase of insurance policies
  4. d) subject to the provisions of the Land Use Act, the purchase, transfer and registration of land by any individual or any transaction connected therewith
  5. e) such transactions pertaining to individuals as may be prescribed and regulated by the Pension Reform Act, 2004
  6. f) such transactions specified under the Contributory Health Insurance Scheme
  7. g) such transactions that have social security implications
  8. h) all consumer credit transactions
  9. i) Registration of voters
  10. j) Payment of taxes;

And, Section 27 (2) of the Act states: “Any authority or organisation to which a person applies to carry out any transaction listed under sub section (1) of this section shall request such person to produce his Multipurpose Identity Card or National Identification Number.”

ALTON Chairman, Engr. Adebayo had earlier chronicled the fears of the Association and its members against the backdrop of inadequate enrolment centres across the country pursuant to the issuance of NIN.

However, he pointed out the importance of the national identity system when he stated: “A credible national identity database enables effective planning, increases financial inclusion by easing access to financial services, enhances the electoral process and helps improve national security.”

He pointed out however, that “the absence of a harmonised, credible and pervasive national identity system in Nigeria has resulted in a plethora of identity databases such as the drivers register maintained by the Federal Road Safety Commission (FRSC), the voters register (managed by INEC), and the SIM by NCC.”

Stressing ALTON’s concerns, Engr. Adebayo requested concession for its members, saying: “ALTON thus recommends that telecommunications being a social overhead capital that enables every other economic activity in Nigeria, be granted a concessionary waiver of the implementation of the mandatory use of NIN until agreed NIN and enrolment centre availability milestones are reached.”

But Engr. Aziz explained that with the Ecosystem approach, the fields of enrolment now encompass just NIMC alone.

“All the implementing partners in the Ecosystem, that is all data collecting agencies of government as well as private sector operators to be registered, will undertake enrolment and send the information to NIMC backend for generation of NIN as well as keeping of the data in the national database by NIMC,” he clarified.

Engr. Aziz listed some of the Federal Government agencies under the identity harmonisation implementation scheme to include the National Population Commission, the NCC, the Nigeria Immigration Service, the Nigeria Police Force, the Federal Inland Revenue Service, Galaxy Backbone, Central Bank of Nigeria, Economic and Financial Crimes Commission, Corporate Affairs Commission, Joint Admissions & Matriculations Board, National Health Insurance Scheme and National Pension Commission, among others.


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NIA Questions Legality of Reps’ Financial Probe

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The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.

In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.

It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.

The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.

In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.

“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.

“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.

“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”

Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.

“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.

17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.


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Horn of Africa Leaders Seek Enhanced Digital Integration for Increased Regional Growth

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Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th Ministerial Meeting of the Horn of Africa Initiative (HoAI).

Held in Nairobi, on July 14, the meeting was co-chaired by the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo and Somalia’s Minister of Finance, Bihi Iman Egeh. Discussions underscored the critical role of digital integration in reducing trade barriers, boosting government service delivery and creating employment — particularly for the region’s youth.

“Digital technologies are shaping today’s economy and tomorrow’s industries. By embedding these technologies into our programs, we can not only improve inclusion but also leapfrog outdated development models,” said Nwabufo.

She called for digital integration a “central enabler” in each of the Horn of Africa Initiative’s pillars – trade, infrastructure, resilience, and human capital,

Learning through experience

Drawing from global and regional success stories, speakers highlighted the transformative potential of technology-led development. The ministers pointed to the Philippines as a strong example, where ICT has generated millions of jobs in business process outsourcing. Similarly, Kenya’s fintech innovation—especially the success of M-PESA—was cited as a model for scaling digital financial services across the region.

Participants urged governments to proactively foster digital ecosystems by capitalizing on the demographic dividend, identifying infrastructure upgrades, tighter regulatory reforms, and digital skills trainings as priorities to enable broader participation in the digital economy.

Minister Egeh reiterated the need for more coordinated regional efforts to create the enabling environment required for accelerated digital integration and expansion. He referenced the HoAI Digital Policy Matrix, adopted in 2023 which provides a blueprint on how to address key obstacles to achieving effective digital integration across the region.

Barack Makokha, Kenya’s Cabinet Secretary for National Treasury, underscored the importance of regionally-aligned public private partnerships and advocated for blended financing to reduce investment risk and expand digital access in underserved areas.

World Bank Vice President for Eastern and Southern Africa, Ndiame Diop, called for a comprehensive multi-pronged approach, combining cross-border coordination, large-scale financing, robust policy support, and digital infrastructure investments. He pointed out that such measures could transform digital integration into, “a powerful engine of economic transformation” for the Horn of Africa—ensuring no one is left behind in the digital era.

The meeting concluded with a shared recognition that sustained political will and the determination to implement a multifaceted approach are essential to unlocking the region’s economic potential and driving long-term growth.

The event also welcomed observers from the East African Community, Agence française de développement, and Shelter Afrique, reflecting strong regional and international backing for the HoAI in the development community.


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CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency

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Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.

Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.

The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.

It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.

Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.

He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.

According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.

“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.

“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”

The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.

He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.

Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.

“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.

“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.

“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.

The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.

All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.


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