E-Business
PFS Decorated @ IBSQ Awards

Aspire West Africa in collaboration with the Entrepreneurship and Leadership Initiative for Development at its annual international business conference in Ghana has conferred International Business Star Quality [IBSQ] Award on Precise Financial Systems [PFS] as best software company in Africa.
The annual honours in various categories, recognizes organisations that have excelled in their services and continued to push the limits of quality with fresh innovations.
Aspire West Africa, a US-based sub-regional magazine, said in a statement that PFS earned the award for working in a dynamic economic sector where access to trusted and quality software products and solutions are extremely challenging for business.
“PFS have kept faith with Nigerians without diminishing its standards in service delivery and brand quality”. Its commitment in the design of electronic payment software services have moved it to innovate around service quality.
“This has enabled it to stand out in its sector and used as a reference point in Africa”, the award organizers said.
While commenting on the IBSQ award, Theophilius Enyali, executive secretary of Aspire West Africa, said the award takes a comprehensive look at the hard work that business leaders put into their companies, adding that Aspire recognised the efforts of exceptional employees, and so “provides motivation for continuous progress. We desire that this award will spur PFS to greater height in quality service delivery”.
PFS’ innovative software solutions are running thousands of computers, serving numerous clients in Nigeria and 27 other countries in Africa.
The company’s cutting edge environmentally-friendly software technologies include an integrated account reconciliation solution, cheque and e-payment processing, security and remittance solution as well as send-to-end outward and inward cheque clearing solutions.
Recently, PFS worked with the Nigeria InterBank Settlement Systems (NIBSS) to shorten the settlement cycle of a cheque to one day. PFS has implemented the cheque truncation lifecycle for the Central Bank of Nigeria [CBN].
This project ensured that all cheques presented for settlement are resolved within stipulated date across the country.
With the activation of the cheque truncation regime through PFS’ iTELLER platform in Nigeria, important challenge the system has addressed is the ability of the CBN to meet the deadline for cheque truncation nationwide.
Aside, the platform has also assisted the CBN to reduce cost, time and the stress level involved in its cheque clearing operations. The system “removes all logistics costs” associated with clearing.
Enyali said the IBSQ award recipients are nominated and ratified by an international award board comprising leading business experts, employing a rigorous and transparent selection process.
The board received input from influential business and media executives before ratifying the nominations.
He added that recipients are selected based on their commitment and contributions to excellence, innovation and technology leadership within their various sectors of operation.
“Brand quality and business results are also considered”, he said.
Over the years, PFS has worked with many agencies and partners to deliver financial software services to its clients.
These partners include Microsoft Corporation, Ernst Reiner Gmbh & Co. KG, Germany, Arit of Africa, and International Marketing Partners. PFS is also a member of the Presidential Initiative for development of the software industry in Nigeria and a member of the CBN working group on Automated Clearing House and Cheque Truncation.
Others are cheque MICRisation and personalisation solution, banking and finance solution, bonds and financial derivatives trading and monitoring solution, bureau de change solution; cooperative societies solution, stock brokering solution; billing and revenue collection solution. Card issuance and monitoring systems, self-service cheque, cash and card deposit with withdrawal solution, pension remittance monitoring solution, project appraisal and monitoring solution.
Through these ingenious solutions, PFS has successfully positioned itself as a foremost force in the financial software development space of the nation.
E-Business
FG to E-Visa System in May 1 to Boost Border Security, Streamline Travel

Federal government has announced plans to roll out an electronic visa (e-visa) system by May 1, 2025, in a major step towards modernising Nigeria’s immigration processes.
The initiative, a collaborative effort between the Ministry of Aviation and Aerospace Development and the Ministry of Interior, is designed to tighten border security while simplifying travel procedures for visitors.
Speaking at a press conference in Abuja on the implementation of immigration protocols under the Migration Visa Policy (MVP) 2025, Olubunmi Tunji-Ojo, minister of Interior, outlined the far-reaching benefits of the new system.
He explained that the e-visa platform, alongside the automation of landing and exit card processes, would strengthen background checks and deter unauthorised entry into the country.
“With the e-visa, applications will be processed online, and a centralised visa approval centre is already operational at the Immigration headquarters,” Tunji-Ojo revealed.
“Officers have been trained and equipped with integrated solutions connected to global criminal databases such as Interpol, enabling thorough background checks for all incoming travellers.”
The new procedure mandates that passengers must complete an online landing and exit card before boarding their flight.
This information will be cross-verified by airlines in collaboration with the Nigerian Civil Aviation Authority (NCAA).
According to the minister, this integration ensures that anyone attempting to enter or exit Nigeria without proper clearance will be flagged immediately.
“The responsibility of coordinating and verifying this process rests with the NCAA. They are fully committed, as we all are, to safeguarding our nation’s borders and upholding our sovereignty,” he added.
The collaboration between the ministries has already yielded tangible results through initiatives like the EPIC Solution, an advanced passenger information system that has led to the interception of individuals flagged by Interpol at Nigerian borders.
Furthermore, e-gates have been installed at key terminals in Lagos and Abuja airports to support automated, efficient, and secure passenger clearance.
Tunji-Ojo announced that in the coming weeks, the NCAA and the Nigeria Immigration Service (NIS) will jointly establish a dedicated team to finalise the implementation framework, regulatory guidelines, and protocols for airlines.
“This is not a task for one agency alone. It is an inter-ministerial effort requiring seamless cooperation,” he emphasised.
Mr. Festus Keyamo, SAN, minister of Aviation, described the partnership as a model of effective governmental collaboration. He highlighted that both the e-visa and the automated landing and exit card systems will be free of charge, ensuring accessibility while reinforcing security.
Keyamo provided further details on the operational flow of the new system, explaining that travellers will be required to complete an entry card online before their arrival.
The digital system will store their details, including visa type, entry date, and permitted duration of stay. Upon departure, passengers must present their exit cards at the airline’s check-in desk, where the NCAA’s protocol will be applied.
“As you prepare to leave Nigeria, the first checkpoint will be the airline’s boarding desk,” Keyamo explained.
“If you’re a foreign traveller, they will ask for your exit card. Without it, you won’t be issued a boarding pass.”
The process is designed to trigger automatic verification: once the traveller enters their passport number, the system retrieves their entry data and duration of stay.
Should any irregularities arise—such as overstaying a visa – the airline, following NCAA protocol, will refuse to board the passenger and refer them to immigration authorities.
“When you approach immigration, officers will have complete visibility of your travel history and status. Depending on the nature of the violation, they may issue fines, cancel visas, or impose travel bans of up to 10 years,” Keyamo stated.
Both ministers underscored that the overarching goal is to enhance Nigeria’s national security, curb illegal immigration, and create a seamless, digital travel experience.
With this modernised approach, the country aims to align with global best practices while maintaining its sovereignty.
As preparations advance toward the official launch date, authorities are optimistic that the e-visa system will not only improve efficiency but also bolster Nigeria’s reputation as a secure and welcoming destination for legitimate travellers.
E-Business
Security Operatives Arrest Suspects behind Illegal NIN Collection in Exchange for Money

National Identity Management Commission (NIMC), has announced that operatives of the Department of State Security and Nigeria Police Force have arrested suspects involved in the illegal collection of National Identity Numbers (NIN), in Anambra State.
This comes as the commission also warned Nigerians against sharing their National Identity Number with unauthorised persons in exchange for money.
Dr. Kayode Adegoke, spokesman for NIMC issuedthis warning in a statement on Wednesday.
This follows reports of some Anambra residents submitting their NIN to unauthorised individuals in exchange for money.
Reacting, NIMC said the activities contravene NIMC Act No. 23, 2007, the Data Protection Act, and the Cyber Crime Act.
The commission said individuals involved in the act have been arrested by operatives of the Department of State Security and the Nigeria Police Force.
“Upon receiving the information on the activities of the unscrupulous individuals, NIMC, in conjunction with the Department of State Services (DSS) and the Nigeria Police Force (NPF), swiftly arrested the culprits behind the illegal collection of the NIN.
“They are currently being interrogated and will be made to face the full wrath of the law. The commission, therefore, advises Anambra State residents and Nigerians to avoid submitting their NINs to unauthorised individuals, organisations, or platforms, as the Federal Government and NIMC have not authorised this. Anyone caught will be sanctioned appropriately.
“At no time should NIN holders give out their NINs for monetary compensation. This is against the laws of the Federation. Anyone caught will be dealt with appropriately.
“The Commission had earlier issued a statement warning Nigerians against sharing their NIN or data with anyone or on any fictitious sites. The NIN can only be used by the holders to access government or private sector services, and it must be verified.
“The Commission has taken necessary measures to kerb the activities of these unscrupulous individuals,” NIMC stated.
E-Business
FG to Make Citizen Registration Mandatory under any Circumstance

Nigeria is in the process of making registration for national digital ID compulsory for every citizen under any circumstance.

Engr. Abisoye Coker-Odusote, DG, NIMC
This aspect is contained in a draft text which is currently in the National Assembly for examination.
Only recently, the bill passed second reading in the senate, meaning it has to now be also vetted by the House of Representatives before it can be assented to by the President if he has no objections.
Already, the bill has passed second reading in the Senate after a report submitted by the Committee on National Identity Card and Population was reviewed and adopted.
Senator Victor Umeh, chairman of the committee, said that the bill is a repeal and re-enactment of the National Identity Management Commission (NIMC) Act.
The objective of the draft text, the lawmaker said, is to streamline digital ID registration in Nigeria by putting in place a harmonized system that is cost-effective and meets global standards for digital ID management.
There have been talks by the Nigerian government, including a recommendation of the Senate Committee on ICT and Cyber Crimes, for all government databases to be harmonized as a way of revolutionizing identity verification.
According to the bill, as reported, a centralized identity repository will be created, as well as a new commission that will have the specific responsibility to enroll citizens and issue national digital ID cards.
It is not totally clear if this commission will fully take the ID issuance responsibility currently under the NIMC.
These proposed changes envisaging compulsory ID enrollment in Nigeria align with broader efforts of the government to strengthen the country’s digital ID legal framework, a process that started sometime last year and announced by NIMC, and is part of conditions to unlock funds for the World Bank-sponsored digital ID program ongoing in the country.
Last year, a proposed amendment to the NIMC Act 2007 also called for compulsory digital ID for foreign nationals living in Nigeria.
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