" ITREALMS: Central Bank
Showing posts with label Central Bank. Show all posts
Showing posts with label Central Bank. Show all posts

Monday, June 15, 2026

CBN Governor, Olayemi Cardoso, receives prestigious 'Central Bank of the Year' award in London - ITREALMS

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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has officially received the "Central Bank of the Year" award at the 2026 Central Banking Awards held in London on Wednesday, June 10, 2026, reports ITREALMS.
CBN Governor, Olayemi Cardoso, receives prestigious 'Central Bank of the Year' award in London - ITREALMS
In a gesture of institutional solidarity, Governor Cardoso dedicated the prestigious honor to the board, management, and the entire workforce of the apex bank, citing their collective commitment to institutional reform and economic stabilization.

Friday, October 13, 2023

Unbanned! 43 items banned in June 2015 by CBN - ITREALMS

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43 items banned in June 2015 by Central Bank of Nigeria (CBN) but unbanned in October 12, 2023.

43 items banned in June 2015 by Central Bank of Nigeria (CBN) - ITREALMS

Saturday, December 12, 2015

Buhari directs CBN to disclose names of looters, refunders



ITRealms:
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to in due course disclose the names of those refunding alleged looted funds into the purse of the federal government, reports ITRealms.

Speaking Friday in a keynote address at the Osigwe Anyiam-Osigwe Foundation lecture series 2015 held at International Conference Centre, Abuja on “Incorruptibility; A spiritual premise for material wellbeing,”
President Buhari gave this direction, but called for patience on the side of Nigerians.

"We must kill corruption before corruption kills us. Investigations are ongoing on public officers who served, or are still serving, and those whose conduct were questionable will be compelled to accept the path of honour and surrender their loots," he said.

President Buhari also noted, a good number of people who abused their positions are voluntarily returning the illicit funds

“I have heard it said that we should disclose the names of the people, and the amount returned. Yes, in due course, the Central Bank of Nigeria will make information available to the public on the surrendered funds, but I must remark that it is yet early days, and any disclosure now may jeopardize the possibility of bigger recoveries. But we owe Nigerians adequate information, and it shall come in due course. It is part of the collective effort to change our land from the bastion of corruption it currently is, to a place of probity and transparency," he said.

Buhari equally said that the anti-corruption war is not strictly about him as a person, “it is about building a country where our children, and the forthcoming generations, can live in peace and prosperity. When you see dilapidated infrastructure round the country, it is often the consequence of corruption. Poor healthcare, collapsed education, lack of public utilities, decayed social services, are all products of corruption, as those entrusted with public resources put them in their private pockets. That must stop, if we want a new Nigeria.”

He insisted that corrupt acts will always be punished, and there will be no friend, no foe. Just as Buhari promised his leadership would strive to do what is fair and just at all times, but people who refuse to embrace probity should have every cause to fear.

He invited Nigerians to look at the corruption problem in the country, and tell him how they feel as a Nigerians.

“Our commonwealth is entrusted to leaders at different levels of governance, and instead of using the God given resources to better the lot of the citizens, they divert them to private use. They then amass wealth in billions and trillions of naira, and other major currencies of the world, ill-gotten wealth which they cannot finish spending in several lifetimes over. This is abuse of trust, pure and simple. When you hold public office, you do it in trust for the people. When you, therefore, use it to serve self, you have betrayed the people who entrusted that office to you,” he said.
 

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Wednesday, August 12, 2015

CBN ready to support e-governance project in Nigeria

ITRealms

The Central Bank of Nigeria said it will not take back bench in the e-governance project in Nigeria as a way of deepening payment system in the country as well as help enthrone transparency and accountability, ITRealms reports.

The CBN Governor, Mr. Godwin Emefiele said, “the CBN is ready to support the e-governance project in Nigeria as a way of deepening payment system in the country as well as help enthrone transparency and accountability. It is in this light that the CBN has been supportive of the FSS2020 project as a way of establishing an international financial centre in Abuja with all the benefits accruable from the establishment like the Dubai model.”

In the report by The Nation, Emefiele called on President Muhammadu Buhari to urgently give presidential assent to three bills passed by the National Assembly concerning Financial Sector Strategy 2020 (FSS 2020).

The CBN boss, ITRealms learnt, made the appeal during the e-Government Summit 2015 in Abuja even as he frowned that the bills had over-stayed on the floor of the National Assembly, adding, the CBN  ”pleads with Mr. President to take time out and look at the bills and give them his assent because they will help to move this country forward.”

Represented by the apex bank’s Deputy Governor (Operations), Alhaji Suleiman Barau  on the occasion, he said the bills had for seven years been at the National Assembly, saying that the president’s assent to the bills will “pave the way for the establishment of the Nigerian International Financial Centre and other ancillary requirements in line with international best practices”.

The CBN is particularly worried that the bills may be given less attention than they deserve because they were passed during the last days of the 7th National Assembly, ITRealms reports.

Cyriacus Nnaji/ED,OPs
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Pix:The CBN Governor, Mr. Godwin Emefiele

Wednesday, July 01, 2015

MasterCard’s e-ID wins the Best Financial Inclusion Product Award



The MasterCard’s Nigerian National Electronic Identity (e-ID) card has been declared winner at this year’s Central Bank of Nigeria’s (CBN)  Card, ATM and Mobile Expo Awards held in Lagos, reports ITRealms.

Powered by Nigeria Inter-Bank Settlement System and CBN, the award recognizes the payment product that has successfully expanded financial inclusion and developed Nigeria’s cashless policy.

The National e-ID card with MasterCard’s prepaid payments functionality, ITRealms learnt, is currently being issued by the Nigerian Identity Management Commission (NIMC) to 13 million Nigerians as part of a pilot programme launched in 2014. 

The Director General and CEO,NIMC, Barr. Chris E. Onyemenam stated after the award, “We are extremely honoured to receive this prestigious award, which recognises the strides we are making in providing a convenient, safe, and cost effective electronic payments product to Nigerians- 64 per cent of whom do not have a bank account,”
 
He went further to say “Combining an identity card MasterCard’s prepaid payment capability creates a game changer as it breaks down the most significant barrier to financial inclusion – proof of identity - while simultaneously enabling Nigerians to access state-of-the-art financial services,” ITRealms gathered.

It is envisaged that on completion of the pilot programme, NIMC plans to introduce more than 100 million cards to Nigeria’s 170 million citizens, making this the largest rollout of an electronic payment solution in the country and the broadest financial inclusion program in Africa. The e-ID as a payment tool, ITRealms reports, enables cardholders to deposit funds, save, withdraw cash at ATMs, and pay for goods and services at any of the millions of MasterCard acceptance locations globally or via online shopping portals.

Cyriacus Nnaji/ GEE

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Pix:
(From left to right) Oladipo Ogunsulire, MasterCard, Kenny Teller, MasterCard, Mrs Onadeko, NIMC, Mrs Ejiofor, NIMC and Taiwo Adebayo MasterCard at the CBN Card Expo 2015 Awards ceremony, where the Nigerian National e-ID Card (NeID) won the award for Best Financial Inclusion Product.