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Reps Summon CBN and Banks Over Unverified POS Operators

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The House of Representatives summons the CBN and banks over concerns about unverified POS operators across Nigeria.

The Nigerian House of Representatives has decided to summon Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), along with the Chief Executive Officers of commercial banks, to discuss the inadequate documentation of Point of Sale (POS) users nationwide.

This resolution emerged from a motion introduced by John Okafor, the representative for Ehime/Mbano/Uboma/Obowo Federal Constituency in Imo State, during a plenary session on Wednesday.

Okafor pointed out the escalating issues linked to the undocumented identities of POS users, which create significant obstacles for security and financial regulations.

He urged his fellow lawmakers to endorse the motion, stressing the necessity for a unified approach to address the issue.

He noted that there have been instances of fraudulent activities associated with POS users, asserting the urgent need to combat such illegal practices to protect the integrity of financial transactions in Nigeria.

He remarked that the House recognizes that undocumented POS transactions present a vulnerability to fraud, including identity theft and money laundering.

By mandating the documentation of users’ identities, the prevalence of fraud could be substantially diminished, thereby enhancing the security of financial transactions in the country.

Furthermore, he emphasized that proper documentation would promote accountability among operators and users, facilitating the tracing of transactions back to individuals and holding them responsible for any illicit activities.

In a critical remark directed at the apex bank, the All Progressives Congress lawmaker highlighted what he termed regulatory bias and enforcement challenges faced by relevant authorities.

He called for immediate action to prevent this troubling situation and to protect Nigerians from criminal exploitation through the POS system.

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FEDERAL HIGH COURT STOPS INEC FROM RESTRICTING DEFECTION TO ANOTHER PARTY AFTER CONTESTING PRIMARY

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Here is the judgement from the Federal High Court, Abuja today

1. INEC can only monitor 2027 primaries but cannot fix timetable for when a political party should conduct its primaries for this election

2. INEC cannot give a shorter timeframe or abridge the period in which a political party can provide information of their candidates for 2027 election

3. INEC cannot give a shorter timeframe to political parties as regards withdrawal or replacement of candidates (Placeholders)

4. INEC cannot publish any final list of candidates for 2027 elections before 60 days to election.

5. INEC cannot fix 2027 campaigns to end 2 days to elections.

6. This is AN ORDER nullifying and setting aside the timeframes imposed by INEC for 2027 General Election for:

– the conduct of primary elections by political parties for the 2027 general elections

– the submission of personal particulars of candidates by their political parties for the 2027 general elections

– the withdrawal and replacement of candidates by political parties

– the publication of the final list of candidates for the 2027 general elections and campaigning.

Is this a trap or a game changer for some aspirants???

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Fubara To Contest Rivers Governorship Seat Under NDC

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A Rivers State politician, Blessing Fubara, has declared his intention to contest the 2027 governorship election in Rivers State under the platform of the Nigeria Democratic Congress.

The politician has already obtained both the nomination and expression of interest forms needed to participate in the governorship race ahead of the 2027 election.

Blessing Fubara shares the same surname and local government area with the current Rivers State Governor, Siminalayi Fubara.

Both men are from Opobo/Nkoro Local Government Area. However, there has been no confirmation that they are family members.

The Chairman of the NDC in Rivers State, Success Jack, confirmed that Blessing Fubara is among those seeking the party’s governorship ticket.

He also stated that he could not confirm whether the governorship aspirant is related to Governor Siminalayi Fubara.

According to him, the party is preparing seriously for the 2027 general elections and hopes to win not only the governorship seat but other elective positions in Rivers State.

The development comes weeks after Blessing Fubara left the All Progressives Congress and joined the NDC.

Following his defection in Abuja, he was received by former Bayelsa State Governor, Seriake Dickson, alongside other leaders and members of the party.

After joining the NDC, Blessing Fubara said his decision was taken for the interest of Rivers people.

He also stated that the future of the state must be protected ahead of the next general election, expressing confidence that the state would experience positive changes after the 2027 polls.

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Desmond Elliot Withdraws from APC Lagos Assembly Primaries, Cites Intimidation

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Surulere I lawmaker Desmond Elliot has withdrawn from the All Progressives Congress Lagos House of Assembly primaries, citing intimidation across multiple zones.

In a viral video posted online, the lawmaker said he was stepping out of the race despite seeking re-election under the APC. He alleged that his supporters faced intimidation during the process in several parts of the constituency.

Elliot’s decision came as the primaries held across Lagos on Tuesday. Chief of Staff to the President Femi Gbajabiamila, who represents Surulere Federal Constituency, praised the conduct of the exercise in Surulere, describing it as peaceful.

The withdrawal narrows the contest for the APC ticket in Surulere I ahead of the 2027 general election. Party officials in Lagos have not yet responded to Elliot’s claims, and the APC state chapter has not announced whether the primary in the constituency will proceed with other aspirants.

Elliot has represented Surulere I in the Lagos State House of Assembly since 2015.

 

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