Featured post

Bird Feathers, Blood Found In Both Engines Of Crashed South Korean Jeju Air Plane That Killed 179

-
Image
The airplane, on the way from Bangkok to Muan Province, tummy arrived at the provincial air terminal, overshooting the runway prior to blasting into flares after crashing into a bank. Examiners have found bird plumes and blood in the two motors of the Jeju Air Boeing 737-800 that crashed in South Korea last month, killing 179 individuals, a source acquainted with the examination revealed on Friday. The airplane, on the way from Bangkok to Muan Province, gut arrived at the territorial air terminal, overshooting the runway prior to blasting into flares after crashing into a bank. Notwithstanding, just two group individuals situated at the back of the airplane made due. Four minutes preceding the accident, one of the pilots revealed a bird strike and pronounced a crisis, South Korean flying specialists affirmed. The pilot endeavored a circumvent move and meant to arrive on the far edge of the runway however unfortunately fizzled. In the mean time, two minutes before the pilot's Mayday...
Post a Comment

Cash Swap: CBN Bars Abuja, Lagos POS Operators

-

 


The Apex Monetary Authourity also known as the Central Bank of Nigeria, (CBN)  has excluded mobile money/Point of Sales agents in Abuja and Lagos from its newly launched cash swap programme.

In a document released to selected agents on Monday January 23, the CBN provided some guidelines for the cash swap programme.

The development came as the January 31 deadline for the phasing out of the old N1,000, N500 and N200 notes approaches.

According to the document, only five banks have been approved to engage in the programme.

They include Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, First Bank of Nigeria Limited, and First City Monument Bank.

It read in part, “Not all agents can participate. This is open to only selected agents profiled by the super agent/MMO/bank and submitted to the Central Bank of Nigeria and participating banks (Access, Zenith, UBA, First, FCMB).”

On the number of states selected for the programme, it read, “Selected agents in all the 36 states (except Lagos state and FCT, Abuja). Lagos and Abuja agents are excluded from this.”

According to The PUNCH, the agents are restricted from using the new notes for their regular transactions, only for the programme.

On where the agents can get the new notes, the document added, “from one of these designated banks (Zenith, First Bank, Access, UBA, FCMB). However, you must have a bank account with that bank and your operators (super agent/MMO/bank) will have pre-registered you with the bank where you have an account.”

It added, “you must go to the bank you have informed operator (super agent/MMO/bank) of. That is where your agent details will be submitted to for verification when you get there to collect the new notes.”

Also, each agent’s name, BVN number, and operator’s name are required before the new notes will be released.

The document added that the bank would also verify the agent’s picture and finger print.

The document also noted that an agent is expected to have a record of the customer’s Know-Your-Customer information, which includes name, phone number, bank, account number and amount.

It was also noted that why there is no restriction on how much a customer can deposit, only N10,000 can be released per customer under the cash swap programme.

The CBN also urged the agents to open a bank account or wallet for customers with bank accounts.

 An agent can only get up to N500,000 new notes weekly for the programme.

Also, each agent is expected to record all transactions performed with the new notes and submit the record to the operator (super agent/MMO/bank).



Comments

Post a Comment

Popular posts from this blog

BREAKING: Lawyer asks Appeal Court to stop Tinubu’s inauguration

-
Image
  A fresh motion on notice seeking to stop Asiwaju Bola Ahmed Tinubu from being inaugurated as Nigeria’s new President on May 29, 2023, has been instituted at the Court of Appeal in Abuja. The fresh suit marked CA/CV/259/2023 is instituted by a Presidential candidate in the 2019 Presidential election and constitutional lawyer, Chief Ambrose Albert Owuru and his political party, Hope Democratic Party (HDP). Owuru, who was called to the Nigerian Bar in 1982, is praying the Court of Appeal in Abuja to prohibit President Muhammadu Buhari, Attorney General of the Federation (AGF) and the Independent National Electoral Commission (INEC) from inaugurating the 2023 President-elect on May 29. The politician, who participated in the 2019 presidential poll on the platform of Hope Democratic Party (HDP) wants Buhari, the AGF and the INEC stopped from taking any further steps on the 2023 presidential election that produced Tinubu as winner. Owuru, who claimed to be adjudged constitutional winne...
Read more

Female Student Who Attempted Suicide Is Alive And Responding To Treatment — YABATECH

-
Image
  The Deputy Registrar, Yaba College of Technology, YABATECH, Joe Ejiofor, says that the ND1 Marketing student of the institution who attempted   suicide is alive and responding well to treatment. It was gathered that the 18-year-old student identified as Destiny, was allegedly caught for examination malpractice on Wednesday February 8, during the institution's ongoing second-semester examination.  The student, who was also said to have just been dumped by her boyfriend, allegedly slipped into depression, went to her hostel and drank the insecticide suspected to be sniper.  One of her roommates who saw her drinking the substance ran out and raised the alarm. Mr. Ejiofor, also Head of Public Relations of YABATECH, told the News Agency of Nigeria on Friday, February 10, that the college management led by Ag Rector, Uduak Inyang-Udoh, Dean of Students and Tunji Balogun visited and confirmed her state. Mr. Ejiofor said that although the young girl drank some chemical sub...
Read more

Benin Republic, Niger enjoy smuggled fuel as Nigerians keep vigil at petrol stations

-
Image
While numerous Nigerians are keeping vigil at filling stations to fuel their vehicles, drivers in the adjoining nations of Benin Republic and Niger are getting a charge out of fuel snuck from Nigeria, a Saturday PUNCH examination has shown. Our journalists, who visited the two nations found that the snuck petroleum was being sold by dark advertisers, whose rates were less expensive than those working in filling stations. Discoveries show that drivers frequently belittle the dark advertisers on the grounds that their rates are less expensive than the people who purchase from the filling stations. Saturday PUNCH accumulated the higher worth of cefas (CFA) to naira made the Nigerian snuck fuel alluring to residents of the two nations. Nigeria is seeing the fifth significant fuel emergency since President Bola Tinubu accepted office on May 29, 2023, following his expulsion of the fuel appropriation. The evacuation prompted a sharp ascent in fuel costs, causing alarm purchasing, far and wid...
Read more