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MTN Nigeria Kicks off MoMo Agent Service in Major Nigerian Cities

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L-R: Innocent Entonu, General Manager, Southeast, MTN Nigeria; Tajudeen Omokide, Senior Manager, Y’ello Digital Financial Services; Chief Nnamdi Ogbogbo, MTN Nigeria Partner; Usoro Usoro, Director, Y’ello Digital Financial Services; and Shehu Abubakar, Senior Manager, Trade and Development, South South, MTN Nigeria, at the regional launch and sensitisation event introducing the MoMo Agent Network on Friday, September 27, 2019 in Port Harcourt, Rivers State.
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MTN Nigeria’s Y’ello Digital Financial Services (YDFS) officials over the weekend stormed various market locations across the country including Igando, Ikotun and Iyana Ipaja markets in Lagos as well as the popular Mile One Market in Port Harcourt, Rivers State, for the regional launch and sensitisation event following the introduction of the MoMo Agent Network financial service.

 

It would be recalled, that MTN MoMo Agent service was officially launched in Abuja on August 29, 2019, which aims to support the Central Bank of Nigeria’s drive for financial inclusion, by providing safe and accessible money transfer to the millions of Nigeria’s underbanked and unbanked.

 

The first phase of the regional launch which took place in Lagos and Port Harcourt between September 26 and 28, 2019, will continue in the coming weeks in Kano, Ibadan and Owerri.

 

Speaking at a live demo session on how the MoMo Agent works at the Igando market, Cyril Ilok, chief risk and compliance officer, MTN Nigeria, while recounting the difficulty it took people in the not too distant past to deliver money to their loved ones via interstate transport, said the key advantage of the MoMo Agent is to prevent revenue leakage.

 

“You no longer need to spend time that is supposed to be for your business chasing financial transactions because the MoMo Agent is quick and instant regardless of the city in Nigeria where the recipient is located,” Cyril enthused.

 

There was a surprise appearance by Nollywood sensation, Sanyeri Afonja, at the Igando market, which left the crowd ecstatic; and music performances at the Ikotun and Iyana Ipaja markets to spice up the launch.

 

Also, customers carried out on-the-spot transactions and were rewarded with gifts such as home appliances, branded stationery, among others.

 

In Port Harcourt, at the Mile One market, Usoro Usoro, director, YDFS, said the MoMo Agent Network opens up a host of opportunities, one that creates employment and facilitates business in rural and urban areas across Nigeria.

 

According to him, the idea is to leverage MTN’s extensive distribution network and capabilities to provide financial services to the unbanked Nigerians living in communities spread across the country.

 

“The people we are very passionate about are those who don’t have a bank account, and we are saying that with MoMo Agent, you can send money to any part of the country. This is why we chose to visit the Mile One Market to demonstrate our service,” Usoro said.

 

At the launch, interested traders in Mile One market were signed up as MoMo Agents; one such person being Ms. Obilor Ogechi, a trader in kitchen utensils.

 

Asked why she was signing up, Ms. Ogechi said that she was excited with the offering from the YDFS, saying that being a very busy businesswoman, she was certain it would make life easier for her.

 

“Ideally, my bank is very far from the market, and so it’s usually difficult for me leaving my shop to go send money to someone.

 

“Also, look at right now, it is raining and would have been extra difficult if I wanted to go to the bank to send money,” Ogechi said.

 

The idea behind the regional launch and sensitisation event is part of the YDFS’s mission to put financial services within easy reach of every bankable Nigerian.

 

With the MoMo Agent service complementing existing banking services via extending access to simple money transfer services and other financial services nationwide, the subsidiary plans on rolling out about 500,000 Agents across Nigeria, as well as the Federal Capital Territory.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Abia Set to Regulate Right of Way for Telecom Cables

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Abia State Government said it was set to regulate the right of way for laying of telecommunications cables around the state. This is as the state government said it will re-base and update the 30 – year development plan of the state to bring it in line with present realities.

The Commissioner for Information, Prince Okey Kanu disclosed these in Government House Umuahia, while briefing journalists on the outcome of the first State Executive Council meeting of the year.

Kanu explained that re-basing has become imperative given the economic headwinds prevalent in the country and as typified by the headline

inflation being experienced in the country today.

The Commissioner noted that there was need to carry out the exercise to reflect the real position of the state’s economy.

He informed that the state economic team charged with the assignment was already at work to ensure the success of the exercise.

“The final document for the right of way regulation for laying of telecom cables around the state has been produced and this will come into effect very soon.

“That is meant to regulate how telecommunications cables are laid across the state,” Kanu said.

Kanu disclosed that Government has concluded plans to rejig the enforcement of the existing traffic rules in the state as a way of restoring sanity in the transport system of the state

He said EXCO observed with dismay that driving against traffic in the state has become a menace and stated the Alex Otti administration was committed to enforcing the traffic rules.

“Going forward, it will be a serious offence to drive against traffic no matter the distance. You see a lot of people within the town drive against the traffic for one reason or the other.

“It is now a very serious offence and the harmonized taskforce has been rejigged to ensure full compliance to that policy.”

Kanu informed that the state government has commenced the payment of monthly stipends that range between N250,000 to N450,000 to traditional rulers in the state.

 


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MTN Nigeria Achieves Historic CMS Certification

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MTN Nigeria has achieved a major milestone by becoming the first Nigerian organisation, the first company in the telecommunications industry, and the first within MTN Group to earn the Compliance Management System (CMS) certification from the International Accreditation Service (IAS).

This globally recognised certification affirms MTN Nigeria’s commitment to maintaining world-class compliance standards across its diverse operations.

It covers all management activities related to telecommunications, digital services, mobile voice and data, innovative digital platforms, wholesale distribution, fixed and mobile broadband connectivity, and advanced technology solutions for corporate and institutional clients across the nation.

Commenting on the achievement, MTN Nigeria’s Chief Risk & Compliance Officer, Obiageli Ugboma, said, “Achieving this feat is a testament to our robust compliance framework and proactive approach to managing risks in an ever-changing digital landscape.

“It reinforces our promise to connect Nigerians with secure, reliable, and innovative solutions.”

The International Accreditation Service (IAS) is a globally recognised accreditation body. It accredits a wide range of organisations, including governmental entities, commercial businesses, and professional associations, based on recognised national and international standards.

This ensures that IAS accreditations are both domestically and globally accepted, highlighting their credibility and relevance.

The ISO 37301:2021 Compliance Management System (CMS) standard is the benchmark for effective compliance management.

The certification solidifies stakeholder trust and provides organisations with a framework for establishing, implementing, evaluating, and continually improving a compliance management system that ensures adherence to laws, regulations, and ethical standards.

By achieving this certification, MTN Nigeria demonstrates its commitment to fostering a culture of integrity, mitigating risks, and enhancing corporate governance and operational efficiency.

This achievement positions MTN Nigeria as a leader in compliance management and sets a benchmark for excellence within the telecommunications industry and beyond.


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Sub-Saharan Africa Lost $1.56Bn to Internet Shutdown in 2024 – Report

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Sub-Saharan African countries lost $1.56 billion to government-induced shutdowns in 2024, according to a new report by Top10vpn, an international VPN review website.

Sub-Saharan Africa Lost $1.56Bn to Internet Shutdown in 2024 – Report

This is 19 per cent of the total $7.69 billion that was lost to Internet shutdowns worldwide and a 10 per cent decline from $1.74 billion reported in 2023.

According to the report, there were a total of 28 Internet shutdowns across 28 countries. Thirteen of these were African countries — Sudan, Ethiopia, Kenya, Algeria, Guinea, Mauritania, Senegal, Mozambique, Chad, Mauritius, Tanzania, Papua New Guinea, and Equatorial Guinea.

It revealed that Nigeria stood out as one of the few sub-Saharan African countries to avoid internet shutdowns in 2024.

Experts said the absence of an internet shutdown suggests that people in that country have continuous and unrestricted access to the internet, allowing them to communicate, access information, and participate in online activities without disruption imposed by the government.

Sudan is the African country that lost the most — $1.12 billion — to Internet shutdowns. Total Internet shutdowns in the country lasted for more than 12,707 hours or over 529 days.

The Internet shutdown in Sudan is mainly due to a prolonged conflict in the country, which has claimed 13,000 and displaced more than 10 million people.

Other African countries like Kenya and Ethiopia shut down the Internet because of protests.

 

Both countries lost $75 million and $211 million to Internet shutdowns, respectively.

Major platforms such as X, TikTok, Signal, Facebook, Instagram, and WhatsApp were restricted, affecting approximately 111.2 million internet users in the country.

“In late February 2024, authorities in Myanmar once again started blocking access to X. As this was a new restriction. This is also the second year we have included blocks of newer social media platforms, such as TikTok and Telegram,” it said.

Globally, Asia led in terms of internet shutdowns in 2024, losing $4.64 billion over 48,807 hours of disruptions affecting 331.3 million people. Sub-Saharan Africa followed with $1.5 billion in losses spread over 32,938 hours and impacting 111.2 million internet users.

While the global economic impact of internet shutdowns decreased by 16 percent compared to 2024, the duration of shutdowns increased by 12 per cent in the same period.

The report emphasised the damaging effects of internet shutdowns, both in terms of economic and human costs, and highlighted concerns about citizens resorting to unsafe VPNs to circumvent imposed restrictions.

 

 

 

 

 


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