Government Technology

DIGITAL COMPLIANCE SERVES YOU BETTER AS GOV. UZODIMMA PAYS ALL CIVIL SERVANTS BANKING UNDER NWANNEGADI MICROFINANCE BANK

Following the onboarding of the Nwannegadi microfinance bank to digital banking, the Imo state Government led by Senator Hope Uzodimma has paid all Civil servants banking with the Nwannegadi Microfinance bank.

The Government had advised Microfinance banks to approach the central bank of Nigeria to become digitally compliant to recieve online transfers to their customers.


Governor Uzodimma promised that compliance by the Microfinance banks will ensure an immediate payment of all Civil servants that are customers of such banks.


In less than 48 hours compliance by the Nwannegadi Microfinance bank, all Civil servants banking with them have been fully paid.

This action has put to bay concerns by Microfinance banks that the enterprise payroll system will plunge their banks into bad debts as they can now recover their loans seamlessly from their customers.

Also all former customers of the bank who had migrated to commercial banks has been returning to the Nwannegadi platform in the case they are owing the bank.


This move by Governor Hope Uzodimma is in line with keeping to his promise that any Microfinance bank that migrates to a digital platform will be paid immediately.

This move will also strengthen Microfinance banks in the State and as institutions of banking will help them recover their loans and further stimulate the local economy.


The Governor made it clear that he will not be blackmailed, pressured or cajoled into doing the wrong thing. He insisted that digital signature and digital payment footprint has come to stay in Imo State.

Gov. Uzodimma maintained that their salaries where never missing or diverted but as a Government he is firm in his resolve that this is the future of Governance and the elimination of fraud in the Civil service payroll system.

The Governor therefore advised other Microfinance banks in the state to follow suite, as that will not only ensure that they keep their customers but as well don’t run into bad debts and they will become stronger financial institutions.

It is instructive to note that the Government is mindful of the loss that could be incured by Microfinance banks if all their customers migrate to commercial banks and the effect of this on the local economy. To this end, the government will begin to share Advisory to banks that have Civil servants indebted on the payment status of those Civil servants monthly to ensure that they go after their debtors easily.

Had the banks and all concerned taken the Government serious since April when it asked them to submit their necessary digital footprints and data, the enterpise system would have been done and dusted.

That not withstanding the Government of shared prosperity led by Senator Hope Uzodimma is committed to puttkng in plcae a better civil service structure in the state. One that has respect for the rule of law and good governance.

HopeNewAndElectronicMediaCenter

Leave a Comment

Your email address will not be published.

You may also like

Business Fashion

FENTY BEAUTY & FENTY SKIN CELEBRATE LAUNCH IN NIGERIA

post-image

Fenty Beauty and Fenty Skin will stage the biggest synchronized beauty launch across 8 countries on the African continent, with Nigeria being one of them, on Friday May 27th, 2022.

To commemorate this momentous occasion, the brand hosted the official launch party for celebrities, influencers, retail partners and media alike, dubbed “Fenty Club” at WBar in Lagos where over 200 attendees discovered the Fenty Beauty and Fenty Skin product offering and were treated to a special performance by Lojay and danced to the sounds of DJ Neptune. Of the notable attendees were Annie Idibia, Iyabo Ojo, Mariam Timmer, Adunni Ade, Linda Ejiofor, Zainab Balogun-Nwachukwu, Dimma Umeh, Mercy Eke, Cynthia Nwadiora, Tania Omotayo, Gbemi Olateru Olagbegi, Erica Nlewedim, Toyosi Etim Effiong amongst other notable figures.

Rihanna created both Fenty Beauty and Fenty Skin with a global vision in mind to…

Read More
Business Technology Trends

Bringing Efficiency to Credit Risk Management process using FinTrak Credit 360 Software

post-image

Fintrak Software Limited, Nigeria’s foremost indigenous financial technology (Fintech) solution provider with physical presence in some African countries recently brought the banking and financial industry stakeholders together to update them on their robust Credit Risk Management solution known as FinTrak Credit Risk 360. The industry experts applauded the software as a robust indigenous solution for banks in Africa.

Speaking during the presentation, the Group Managing Director, Bimbo Abioye stated that “FinTrak software delivers customized state of the art business transformation solutions that can intelligently combine efficiency with critical information needed for management decision-making process. FinTrak Credit 360 software has been able to improve user banks overall operational efficiency by over forty percent through automated strategic and digitized policy controls”

In order to limit human error to the barest minimum, Credit 360 solution comes with artificial…

Read More
Business

Oyo Diocese Gets Microfinance Bank Approval

post-image

The joy of the people of the Catholic Diocese of Oyo (https://CatholicDioceseOyo.org), especially those of Iwajowa Local Government and the entire Oke Ogun area, which population is roughly 1.5 Million knew no bounds with the recent news of approval of the license in principle for the Ave Maria Microfinance Bank (Proposed), being promoted by the diocese. The approval, coming coincidentally during the pastoral visit of the bishop Most Reverend Emmanuel Adetoyese Badejo to the Oke Ogun area is directly from the Central Bank of Nigeria. 

The effort of the diocese, which is situated in the Yoruba South West, marshalled by the diocesan coordinator of the Justice, Development and Peace Movement, (JDPM) Rev Fr. Gabriel Adeleke, is to address the peoples need for financial inclusion which is today widely considered a right of all citizens to social inclusion, to better quality…

Read More
Business

STATEMENT ON THE CALL BY “NORTHERN ELDERS FORUM” ASKING A SECTION OF THE COUNTRY TO LEAVE THE FEDERATION

post-image

We are aware of the latest statement from the so-called “Northern Elders Forum”.
We wish to reassure Nigerians that it remains their democratically elected leadership which takes the decisions that steer our nation – and no one else.


No self-appointed and unelected group can take this right from Nigerians – no matter how much coverage they might enjoy in the media. Nigerians listen to elected leaders, not opinionated tin-gods who have no traction with any responsible group.

It is a delusional arrogance that would lead such a group to publicly state terms and conditions for the existence of our nation.

Who gave them the right to ask for the exclusion, or expulsion of any one, group or section of the country from the Federal Republic of Nigeria?

The Nigerian government does not…

Read More
Business

SEARCHING FOR PEACE: SOLUDO’S VISIT TO NNAMDI KANU CEMENTS HIS LEADERSHIP ROLE IN IGBO LAND

post-image

Anambra State and the South Eastern part of the country has lately been immersed in some level of insecurity. It has been alleged that it is the Unknown GunMen , a group that people have said that are allegedly agitating for a state of Biafra, but the only recognised group at it is  known today is the Independent People of Biafra (IPOB) has come out to distance themselves from the group causing troubles and killing in the Eastern part of the country. 

On this note, the newly sworn in Governor of Anambra state, Charles Soludo recently visited the leader of IPOB in the detention in Abuja where he is awaiting trials on several count charges ranging from treason to others. Soludo’s visit has shown that he is giving an olive branch and also implies that he has nothing against the…

Read More
Business Health

Duchess Hospital introduces Affordable World-class Healthcare for Families.

post-image

In line with its mission to provide Nigerians with the fastest, most convenient and affordable access to the best medical expertise available anywhere in the world, The Duchess International Hospital, Ikeja GRA, Lagos has launched an Access to Affordable World-class Healthcare programmme. With as little as N5000 registration to get family card and seeing renowned consultants starting from N5000, the management of Duchess Hospital is making a bold statement that the purpose-built, state-of-the art 100-bed hospital is not only for the elites.

Chief Executive Officer (CEO) of the hospital, Dr. Adetokunbo Shitta-Bey, said the Access to Affordable World-class Healthcare programme was designed to “provide access to the hospital’s extensive range of high-quality services in emergency medicine and critical care, women’s health and paediatric care services, cardiovascular medicine, kidney dialysis, endoscopy, medical and surgical treatment interventions, dental treatments, eye care services and a wide variety…

Read More
Business News Technology Technology Trends

XClub Appoints Iddy Brown as Country Team Manager for Nigeria

post-image

XClub Nigeria has promoted and Appointed Iddy Brown to the position of Country Team Manager for Nigeria, effective from 26th April, 2022.

Iddy, who joined the company in April 2021, held the position of Business Development Manager (KOL Management), before his announcement as the new Country Team Manager for XClub App in Nigeria.

In his previous role, he led the onboarding and Management of Micro and Mid-tier Tech Influencers and Content Creators who majors on Creating Content reviews around Smartphones and tech innovations on the App.

He also spearheaded XTech Talk Show, an in-app tech show on XClub where the XClub tech influencers converge to dissect the latest innovations in the smartphone/tech industry, and other activities that have contributed immensely in retention of daily and monthly active users on the App.

Business Government

CHAD BASIN: IT’S TIME TO REINVIGORATE AND STRENGTHEN REGIONAL COOPERATION – ENGR. ADAMU

post-image

The Honourable Minister of Water Resources and the Chairman, Council of Ministers, Lake Chad Basin Commission (LCBC), Engr. Suleiman Adamu FNSE, FAEng. has stated that the time to reinvigorate and strengthen regional cooperation among Countries in the Lake Chad Basin for sustained peace, stability, and prosperity is now.

Engr. Adamu made this known at the First Annual International Forum on the development of Lake Chad region with the theme “Lake Chad Basin: Climate Change, Security, Resilience and Development Recovery” held on Monday, 11th April 2022 in Abuja.

He stressed that multiple threats facing Lake Chad region’s common heritage such as climate change impacts, volatile insecurity, endemic poverty, health pandemics, are not country-specific but are transboundary in nature.

The Chariman, LCBC, stated that the theme of the Meeting was apt as it focused on the…

Read More