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Funds for Youths Empowerment Trapped in Banks over BVN/NIN Issues

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Kassim Muhammed Kassim, youth leader and former state legislator, has claimed that billions of naira intended for 1000 youths per local government area across the country under the Special Public Works Empowerment Programme (SPWEP) of former President Muhammadu Buhari have remained trapped in banks and unclaimed.

Funds for Youths Empowerment Trapped in Banks over BVN/NIN Issues

Dr. Muhammad who made this disclosure in an open letter to President Bola Tinubu, made available to journalists yesterday, said the funds, meant to uplift Nigerian youths, became trapped because of BVN and NIN discrepancies, leaving many beneficiaries unable to access the much-needed support.

Kassim expressed deep concern over this and faulted the execution and monitoring of federal government programmes, particularly those aimed at empowering Nigerian youths.

While highlighting the challenges faced by beneficiaries SPWEP Kassim, who served as the state coordinator of the programme in Nasarawa State, recounted his unsuccessful attempts to resolve these issues, noting that the situation is not unique to Nasarawa, but a nationwide problem.

Kassim emphasized the need for a dedicated Monitoring and Implementation Unit to ensure the proper utilization of funds allocated to various empowerment initiatives.

“A Project Monitoring and Implementation Unit within the Presidency could recover these funds and ensure they reach the intended beneficiaries,” he suggested, adding, “Despite the significant financial resources your administration has allocated to alleviate the hardships faced by Nigerians, there seems to be no effective mechanism in place to monitor and oversee the implementation of these programmes.”

Reflecting on his involvement in post-EndSARS protests, Dr. Kassim expressed his belief that the frustrations of Nigerian youths are partly due to the unresponsiveness of government officials. “It’s unfortunate that the two Ministers of Youth are inaccessible, with their phone numbers on ‘do not disturb’ mode.

This has further alienated the youth, who are already disillusioned by the lack of communication and support.”

To address these pressing concerns, Dr. Kassim proposed several measures, including creating economic environments conducive to youth entrepreneurship, ensuring accountability in state and local governments, and revisiting the allocation of recovered looted funds.

“Rather than redistributing these funds, they should be directed towards transparent, impactful projects that directly benefit the communities from which they were stolen.”

 

 


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E-Financial

Kekere-Ekun, CJN Blames Reliance on Telecom Services for Online Banking Glitches

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Kudirat Kekere-Ekun, chief Justice of Nigeria and chairman of the Board of Governors, National Judicial Institute Justice has blamed telecommunications companies for the glitches experienced in the country’s banking sector.

Kekere-Ekun, CJN Blames Reliance on Telecom Services for Online Banking Glitches

Kudirat Kekere-Ekun, chief Justice of Nigeria

Kekere-Ekun said this in her keynote address at the 2024 National Workshop for Justice and Judges on Legal Issues in Telecommunications with the theme, ‘The Role of the Judiciary in Accelerating Digital Transformation in Nigeria.’

The blame on telcos comes in the wake of multiple glitches in online services. On August 14, 2024, customers reported that the Guaranty Trust Bank (GTBank) website was down, leading to speculation that it had been cloned and customer data intercepted.

The CJN said, “I will like to quickly bring our attention to two issues which I consider to be pivotal and which revolve around cyber security and the attendant challenges of exploring the digital space.

“The first is the increased risk of the personal data of consumers being misused or compromised by unscrupulous persons, thus necessitating the need for improved strategies and innovation for consumer protection in the telecommunications sector.

“Also, worth noting are deficiencies in the Banking Sector and which are attributable to reliance on digital services provided by the Telecommunications Sector. There is for instance the major challenge posed by electronically backed transactions which is commonplace in the Banking Sector.”

The CJN said these glitches have led to several issues including hacking of online banking platforms as well as banks being compromised.

“Concerns in this regard include the spate of customers whose online banking platforms have been hacked, as well as banks being compromised due to technological glitches not factored into their day-to-day operations. Consequently, these and several other challenges have resulted in a number of disputes which frequently require adjudication,” she said.

Kekere-Ekun said the deployment of technology in telecommunications plays a pivotal role in the advancement economic system of any country.

She, however, said there is a need to proffer solutions to legal issues arising from digital services provided by the telecommunications sector.

“It is also my expectation that the forum will equip Judicial Officers with the technical skills required for adjudicating disputes arising from the sector and keep them abreast with global standards and best practices,” she added.


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Ecobank Serves Customers Notice of Planned Service Disruption

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Ecobank Nigeria has alerted its customers to an upcoming brief service disruption due to scheduled system maintenance on its card services.

Ecobank Serves Customers Notice of Planned Service Disruption

The maintenance is set to occur from 11:00 p.m. on Thursday, November 7, 2024, until 1:00 a.m. on Friday, November 8, 2024.

In a notification to customers, the bank explained that during the maintenance window, cardholders might experience intermittent issues when using Ecobank cards on other banks’ channels.

However, the bank said all its specific channels, including ATMs and POS terminals, will remain operational.

Additionally, other digital platforms—such as the Ecobank Mobile App, USSD *326#, Ecobank Online, Omni Lite, and Omni Plus—will be fully accessible throughout the maintenance period.

The bank expressed apologies for any inconvenience, reaffirming its commitment to providing seamless banking experiences across Africa.

 

 

 

 

 

 

 


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Zenith Bank Commends Customers After Successfully Unveiling Upgraded Enhanced Tech infrastructure

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Zenith Bank Plc has announced that it now boasts the best technology infrastructure in the banking industry, positioning itself to provide an exceptional customer experience and superior service delivery moving forward. This upgrade follows a recent comprehensive technology enhancement.

The bank expressed its heartfelt gratitude to customers for their support and patience throughout the upgrade process, while also extending apologies for any inconveniences experienced during this time.

This announcement was made in a social media post on Wednesday, signed by Dame Dr. Adaora Umeoji, OON, the Group Managing Director/CEO.

In her message, the GMD/CEO emphasized the bank’s commitment to delivering an unparalleled service experience, stating, “We undertook this upgrade to ensure we can offer our customers the best possible service.”

Umeoji pledged that Zenith Bank will continue to innovate, ensuring that customer needs are met swiftly, safely, and conveniently.

The post read in part: “On behalf of the Board, Management, and Staff of Zenith Bank PLC, I would like to thank you for your patience and support during our IT infrastructure migration to a new and more robust operating system.

“We are truly grateful for the trust and confidence you have placed in us. The primary reason for undertaking this extensive endeavor was to better position Zenith Bank PLC for improved service delivery to all our valued customers and to create memorable banking experiences at all our touchpoints.

“While I regret the inconveniences and challenges you faced during and immediately after our migration, I am pleased to inform you that Zenith Bank PLC now has the best technology infrastructure in the industry. We are committed to ensuring you experience superior service delivery going forward.

“Rest assured, you remain our top priority, and Zenith Bank will continue to innovate and offer value-added products and services to meet all your banking needs quickly, safely, and conveniently.”


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