Wednesday, July 25, 2018

75 Nigerian football fans vanish in Russia after 2018 World Cup

The Ministry of Foreign Affairs said 75 out of 230 stranded Nigerian Football fans vanished in Russia after the 2018 FIFA World Cup .

The ministry’s spokesperson, Dr Tope Elias-Fatile, told the News Agency of Nigeria (NAN) on Wednesday in Abuja that the fans absconded in spite of government’s efforts to repatriate them.

Fatile said that 230 stranded Nigerian football fans were profiled to board chartered Ethiopian Airline to Abuja but at the last minute, only 155 boarded the flight.

“As at the last count, over 230 stranded Nigerians had been cleared to board an Ethiopian Airline flight to Abuja, however, only 155 boarded the flight that arrived Friday night July 22,” he said.

He said that the ministry officials had to contribute to feed some of the stranded Nigerians in Moscow as many of them were left with nothing.

He said that though they had the rights not to come back, it would be better for them to return because of the unfavourable weather in that country.

He said that the mission had done a lot to facilitate their coming back, but they did not appreciate it.

”Do you know that the officials at the mission had to sacrifice their earning by contributing money to feed the stranded fans?,” he said.

He said that if, however, they repented and decided to come back, the ministry was ever ready to assist them.

Fatile said that Federal Government was ever willing to assist Nigerians at anytime, anywhere in the world

The spokesperson said that the Minister of Foreign Affairs, Mr Geoffrey Onyeama, had also made some contacts with relevant agencies to commence investigation into suspected human trafficking in the case.

The News Agency of Nigeria (NAN) reports that the stranded football fans including a nursing mother in her mid-thirties arrived Nnamdi Azikwe International Airport Abuja at about 9.12 p.m. on July 20.

The Minister of Foreign Affairs, Mr Geoffrey Onyeama, who was at the airport to monitor their arrival, had said that the Federal Government was going to probe the case.

Onyeama said that the plan to probe the issue surrounding the incident was underway.

He said after a discussion with the Director-General of National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Ms Julie Okah–Donli, it was clear that there were possible cases of human trafficking among the returnees.

“I have spoken to the D-G of NAPTIP and she had also indicated that they had sounded the alarm bells for these young children not to leave the country, that it had all the hallmarks of trafficking and irregular migration,” he said.

The minister insisted that some of them, among whom was a nursing mother, were quite too young to have travelled to Russia by themselves solely for the purpose of the World Cup tournament.

He added that an investigation would also be launched into an allegation that some travel agents cancelled the return tickets of the football fans without informing them, leaving them stranded in the European country.


Thursday, July 19, 2018

Video - Nigeria makes progress towards reaching consensus on CFTA deal



Nigeria is moving closer to signing the pan-African free-trade deal. 44 other countries have already signed on. The agreement scraps barriers to intra-African trade. President Muhammadu Buhari says he's made significant progress in reaching consensus to sign the deal.

Video - At least 44 people dead, thousands stranded after heavy rains in Nigeria



At least 44 people are dead and scores still missing after severe flooding in Nigeria. Torrential rains have swept across northern parts of the country this week, leaving thousands of people homeless.

Video - Nigerian football league suspended after leadership row



Leadership wrangles in Nigeria's football managing body have taken another twist. The League Management Company has suspended all Premier League matches indefinitely.

Nigerians are burying cash in backyards due to stumble in mobile cash

Every few days, Tasiu Abdurrahman takes the money he makes from selling spices in Nigeria’s biggest northern city and buries it in his yard.

The 55-year-old closed his bank account eight years ago after growing disillusioned with standing in long lines for hours to deposit or withdraw cash. Abdurrahman is one of about 50 million of the unbanked in Nigeria, which despite having Africa’s largest mobile-phone market, is only just opening up to the technology to bring banking to its estimated 200 million people.

“My business partners need cash,” said Abdurrahman as he juggled two mobile phones at his ginger and tamarind stand, one of many dotting the streets in Kano. “If they all opened bank accounts, I would be happy to.”

Financial inclusion in Nigeria -- which vies with South Africa as the continent’s biggest economy -- has gone backward as the regulator blocked network operators from applying for mobile-money licenses that would allow cash transfers without the need for a bank account. Between 2014 and 2017, the percentage of banked adults dropped nearly 4 percentage points to 39 percent, while the sub-Saharan African average increased more than 8 percentage points to 43 percent.

The Central Bank of Nigeria this month announced it is not on track to reach its target of increasing financial inclusion to 80 percent by 2020. It is now reviewing the path it took in 2012 with a “refreshed strategy” and has also signed a cooperation agreement with the Nigerian Communications Commission to improve the penetration of financial services using mobile phones.

 
Baby Steps

Less than 6 percent of Nigerians use their handsets to transact using mobile money, compared with 73 percent of Kenyans, where more than two-thirds of adults have a bank account, according to the World Bank. That’s even though there are more than two phones for every bank account in the West African nation.

 
Mobile First

Nigerians own twice as many mobile-phone lines as they do bank accounts

“We’re taking baby steps when we should be running,” Yomi Ibosiola, an associate director at Deloitte Nigeria’s data analytics practice, said in an interview in Lagos, the commercial hub.

Cellular phone operators would invest more if they were allowed to lead the way, said Emeka Oparah, a spokesman for Bharti Airtel Ltd.’s Nigerian unit, which has 40 million subscribers.

“Right now, we’re only providing a platform for some people to use, if it becomes our business, we will invest in it,” Oparah said. The government should adjust its policies “if it wants to move very quickly.”
 
 
Verification Details

Fidelity Bank Plc allows people to open an account using a mobile phone, said Chief Operations and Information Officer Gbolahan Joshua. It is also using agents to offer banking services, such as small payments and deposits, through informal branches, he said, adding the lender has 3.9 million customers.

“When you open an account on your mobile, you can receive money but you cannot make payments,” Joshua said. “You need a Bank Verification Number to make transactions on that account you opened on mobile. Since the targets for financial inclusion are people that don’t have BVN already, some infrastructure needs to be deployed, like mobile BVN.”

There are efforts being made to remove those obstacles. One includes issuing identity numbers to 70 million people by the end of next year and pulling together the government’s various identity verification systems into a centralized database, which will make it easier for people to plug into financial services.
 
 
India Inspiration

The central bank has said it’s taking inspiration from India, where a government-biometric database known as Aadhaar helped grow financial inclusion from 53 percent to 80 between 2014 and 2017, by cutting the cost for banks of identifying a customer.

Regulators in Nigeria also announced an initiative in March that will help to increase banking agents to 500,000 within two years, from 100,000, according to estimates by Enhancing Financial Innovation & Access, or EFInA, a research organization.

“One of the major issues for banks has been the cost of going to those unprofitable areas,” said Henry Chukwu, who focuses on broadening agent networks at EFInA.

Most of the biggest lenders are focused on business banking. Zenith Bank Plc, the country’s largest lender with the equivalent of $15.4 billion in assets, makes about 6 percent of its revenue from retail banking and about 58 percent from corporates.
 
 
Push-Pull

There are not enough incentives for people to open bank accounts, especially among the poor, said Ameya Upadhyay, a principal in the investment team of Omidyar Network Fund Inc., which has invested in Pagatech, one of Nigeria’s first mobile-money providers, and another company that gives loans to small- and medium-sized businesses. About 87 million Nigerians live on less than $1.90 a day, according to Vienna-based World Data Lab’s World Poverty Clock.

“You have to create a ‘pull’ to these accounts and that happens when those accounts are meaningful to people’s every day lives,” he said, such as increasing the number of merchants with pay points or offering more insurance, savings or lending products. “People don’t eat accounts.”

Abdurrahman, the Kano spice merchant, agrees and remains unconvinced about using his phone to transact.

“I may decide to go for mobile money if more of my suppliers have it,” he said. “But for now I am very comfortable keeping cash at the shop to pay for supplies and keeping the rest at home.”