SGF, NIA Suspension: Analyst Asks Nigerians To Give FG Benefit Of The Do...

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Automatic Teller Machines: A Revolution and its Pains

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On March 15, 2010, Consumer Protection Council (CPC) held a Consumer Interactive Forum in Abuja. At the forum, Mr. Chris Chukwu, the Deputy Director, Financial Policy and Regulation Department of the Central Bank of Nigeria who stood in for the CBN Governor said Automatic Teller Machine fraud is among the leading complaints coming to the apex bank. The Director-General, CPC, Mrs. Ify Umenyi also observed that complaints received in CPC on financial services for 2008 and 2009 put ATM complaints second behind non-issuance of share certificate. Really, the soaring incidences of ATM fraud should worry any bank customer. This piece looks at the pros and cons of the ATM revolution in Nigeria. According to an internet source, “the very first ATM in Nigeria was installed by National Cash Registers (NCR) for the defunct Societe Generale Bank Nigeria (SGBN) in 1989”. ATMs are operated via debit and credit cards. There are three variants of these in Nigeria. They are the Standard Card, Verve Ca...
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Nigerians, you’re on your own!

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  Compatriots, I don’t mean to scare you. I just thought we should do some cross-fertilisation of ideas and intellectual cobwebbing. What do you think can solve this rising cost of living crisis? Can you rely on the government for your daily survival? Do you believe things will get better with time? Are you hopeful of improved service delivery by government ministries, departments and agencies? Don’t you think it’s time to take responsibility? I mean, shouldn’t you and I take our destinies in our hands? Last Thursday was June 12, our Democracy Day, and we commemorated 26 unbroken years of civil rule in this Fourth Republic, which started in 1999. The President addressed the nation at the joint session of the National Assembly. He gave an update on his achievements in two years in office, particularly in the economy and used the occasion to recognise the heroes and heroines of democracy, dead and alive, as he gave them national honours. In about three months from now, it will be O...
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Can INEC deliver credible 2027 General Elections?

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  Introduction The Independent National Electoral Commission (INEC) is one of the 14 Federal Executive Bodies listed in Section 153 of the 1999 Constitution of the Federal Republic of Nigeria, as altered. It is tasked to among other things organise elections into various political offices in the country. The Commission is made up of a Chairman, and 12 National Commissioners.   The functions of INEC as contained in Section 15, Part 1 of the Third Schedule of the 1999 Constitution (As Amended) and Section 2 of the Electoral Act 2010 (As Amended) include the following: Organise, undertake and supervise all elections to the offices of the President and Vice-President, the Governor and Deputy Governor of a State, and to the membership of the Senate, the House of Representatives and the House of Assembly of each state of the federation; Register political parties in accordance with the provisions of the constitution and Act of the National Assembly; Monitor the organisation and ...
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