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CBN Directs Banks To Accept Cheques In Savings Account

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The Central Bank of Nigeria has directed banks operating in the country to accept deposit of cheques into savings account.

The CBN also told the banks to commence the embedding of Bank Verification Number on payment cards.

These were contained in a circular by the apex bank on Tuesday.

The circular, signed by the Director, Banking and Payments System Department, Dipo Fatokun, and dated July 28, 2016, was sent to all banks and financial institutions.

It read: “The CBN in furtherance of its efforts at strengthening the Nigerian payments system hereby issues the following directives:

“The removal of fixed interest rate on credit cards; Discontinuation of actual address verification in account opening for customers with customers with the BVN; Banks should begin to embed BVN biometric data in payment cards issued henceforth, to facilitate offline BVN verification and biometric based customer authentication on such payment devices as Automated Teller Machines, ATMs, Point of Sales Terminals, POS, Kiosks, etc.

“Approval of BVN Watch-listing modalities and release by CBN of necessary Credit Risk Management System (CRMS) data, to facilitate its use for enriching the BVN watch-list; savings account customers with BVN should be allowed to deposit cheques worth not more than N2,000,000.00 (Two million naira) into their accounts, per customer, per day.”

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Security Lion Tranquilized, Moved From Victoria Island Home Of Indian National [PHOTO]

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The Lagos State Government has tranquilized and moved the lion found in a house of an Indian national, located at Victoria Island.

The Head of the Lagos State Environmental Sanitation and Special Offences (Enforcement) Unit, Mr. Yinka Egbeyemi, confirmed the development.

“The lion was removed around 1.30pm on Monday

“The Indian owner is yet to honour the invitation of the government.

“Instead, what he did was to send three Nigerians who claimed to be his workers.

“But we are working with them to know where we can find him.

“Our primary concern now is to remove the lion from the house, which we have done,” he said.

Credit: Punch

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BREAKING: INEC Declares Yahaya Bello Winner Of Kogi Governorship Election

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Yahaya Bello, the candidate of the All Progressives Congress (APC), has been reelected as the governor of Kogi state.

Bello polled 406,222 votes to defeat Musa Wada of the Peoples Democratic Party (PDP) who polled 189,704, and Natasha Akpoti of the Social Democratic Party (SDP), who got 9,482.

The governor won in 12 local government areas out of the 21 in the state.

More to follow…

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INCEST: My Father Is A Pastor But He Demands Sex Before Paying My School Fees, 20-year-old Girl Tells Police, Says She’s Aborted Thrice For Him

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A 20-year-old girl, Fortune, has narrated to policemen how her father started having sex with her when she was 13 years old, and that he would demand sex before paying her school fees.

Her father, the Presiding Pastor of Mount Zion Light House Full Gospel Church, Obio Imo Lane, Uyo, Apostle Williams Okon Bassey, has been arrested by operatives of the Akwa Ibom State Police Command.

The state Police Public Relations Officer, Mr. Odiko MacDon, who revealed that six others, including another pastor, were arrested for alleged incest and defilement, told newsmen that Fortune said she got pregnant thrice.

He added: “The victim stated that her father started having sexual intercourse with her at the age of 13. The continuous sexual assault led her to become pregnant on three different occasions and the pregnancies were aborted by her mother.

“She further revealed that the first time her father defiled her was in the church vestry. He threatened to place a curse on her if she dares tell anyone about his escapades. He also demands sex before paying her school fees or catering for her needs.”

The Police Command’s Spokesperson added that “on October 31, one Anwanga Essien Udo of 7, Itiam Street, Uyo, aged 33, a Pastor with Restoration Bible Church, was arrested for having unlawful carnal knowledge of his 10-year-old step-daughter(name withheld).

“When she was left alone with him, rather than be a father to her, he opted to turn her to a sex-machine.”

The police spokesman warned perpetrators of such act to desist forthwith or be willing to contend with the full wrath of the law.

He, therefore, urged parents to also make haste in reporting every form of sexual harassment when noticed to the police or other Security Agencies in the state timely, as concealment of these crimes has only led to an increase in violations.

He commended the partnership of FEYREP, the pet project of the wife of the state governor as well as the good people of the state for their continued trust, encouragement and timely information.

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