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OPay, Kuda React To CBN’s New Customer Onboarding Clearance
OPay, Kuda React To CBN’s New Customer Onboarding Clearance....KINDLY READ THE FULL STORY HERE▶
Top fintech players OPay and Kuda Microfinance Bank have announced the resumption of new customer onboarding following the Central Bank of Nigeria’s (CBN) clearance, which had previously mandated a temporary halt to new customer enrollments…..CONTINUE READING
The CBN’s directive, issued on April 29, paused the registration of new customers by fintech firms as part of broader federal government efforts to curb illicit foreign exchange transactions and unregulated operations of cryptocurrency exchanges like Binance.
This directive followed an April 24 ruling by a Federal High Court in Abuja, granting an interim order to the Economic and Financial Crimes Commission (EFCC) to freeze at least 1,146 bank accounts linked to unauthorized foreign exchange dealings, with 90 percent held by commercial banks and the remaining 10 percent by fintech.
In statements released on Monday, both OPay and Kuda Microfinance Bank welcomed the CBN’s decision, highlighting their commitment to strictly adhering to approved Know Your Customer (KYC) verification procedures.
OPay specifically urged its customers to complete the verification process for all accounts and comply with regulatory requirements, emphasizing their dedication to maintaining security and preventing illicit activities.
Similarly, Kuda Bank announced its intention to resume registering new customers this week after collaborating with the CBN to meet recent regulatory requirements by enhancing account controls.
To open a tier 3 account, Kuda customers must provide their national identification number (NIN), bank verification number (BVN), and proof of address, followed by address verification.
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INEC Under Pressure As PDP Demands Immediate Publication Of Adebutu’s Name.
The Peoples Democratic Party (PDP) has issued a 24-hour ultimatum to the Independent National Electoral Commission (INEC), demanding the immediate publication of Ladi Adebutu’s name as its governorship candidate for Ogun State.....KINDLY READ THE FULL STORY HERE▶
The demand follows a court judgment in favour of the party and Adebutu over his exclusion from INEC’s final list of candidates for the February 6, 2027 governorship election.
Justice Peter Lifu of the Federal High Court in Abuja had, on Friday, ruled in favour of the PDP and Adebutu in the suit challenging the commission’s decision to omit the former House of Representatives member from its final list.
Following the judgment, the plaintiffs’ lawyer, Ahmed Raji (SAN), wrote to the INEC chairman, formally notifying the commission of the court’s decision and attaching the enrolled order.
Raji explained that the court granted all the reliefs sought by the plaintiffs, including an order directing INEC to publish Adebutu’s name within 24 hours.
In the letter, he stated, “We have no doubt that the Commission, being a law-abiding institution, will accord the Enrolled Order of the Honourable Court the requisite respect and give effect to its directives without delay.”
The suit, filed on October 16, 2026, challenged Adebutu’s exclusion from the list published by INEC on October 10.
During proceedings, the electoral commission had maintained that Adebutu’s name was absent from the PDP membership register submitted to it. However, the party disputed the claim.
The judgment has cleared the way for Adebutu to contest the Ogun State governorship election, subject to INEC’s compliance with the court order or any appeal against the decision.
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Security Scare As Tinubu’s Convoy Is Stoned In Abuja.
Some angry residents of Abuja on Friday pelted the convoy of President Bola Tinubu with stones during his visit to the nation’s capital.....KINDLY READ THE FULL STORY HERE▶
The incident occurred as the President arrived at the Shehu Shagari Central Mosque in Area One, Garki, Abuja, to observe the Jumat prayers.
Videos of the incident circulating on social media showed some residents chanting “Ba mayi,” a Hausa expression that translates to “We don’t want” in English.
Security operatives attached to the President’s convoy made efforts to prevent the situation from escalating as the vehicles moved away from the area.
The incident comes amid growing political activities ahead of the 2027 general elections.
In a related development, Oyo State Governor and presidential candidate of the Allied Peoples Movement (APM), Seyi Makinde, has disclosed that opposition leaders are holding active discussions on forming an alliance to challenge President Tinubu and the All Progressives Congress (APC) in the 2027 elections.
Makinde said he was willing to work with any opposition candidate whose participation in an alliance would provide the strongest opportunity to defeat the ruling party.
The governor expressed confidence that there was still sufficient time for opposition leaders to reach an agreement, adding that discussions were ongoing to achieve their common objective.
He also confirmed that he remained open to working with either former Vice President Atiku Abubakar or the presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, if such an arrangement offered the best chance of defeating the APC.
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Nigeria Beat Tanzania In AFCON Qualifier As Arokodare Delivers Double Strike.
The Super Eagles of Nigeria began their 2027 Africa Cup of Nations (AFCON) qualifying campaign with a convincing 3-1 victory over Tanzania at the Godswill Akpabio International Stadium in Uyo on Friday.....KINDLY READ THE FULL STORY HERE▶
Alhassan Yusuf gave Nigeria an early lead in the second minute after connecting with a pass from Ademola Lookman in the Group L encounter.
However, Tanzania drew level in the 32nd minute through Alphonce Mabula Msanga, who converted an assist from Novatus Miroshi.
Nigeria suffered a setback shortly before the break when Lookman picked up an injury and was replaced by Moses Simon in the 45th minute.
Head coach Eric Chelle made two changes at the beginning of the second half, bringing on Tolu Arokodare and Moses Usor, who both contributed significantly to the victory.
Arokodare restored Nigeria’s lead in the 52nd minute with a header from Wilfred Ndidi’s cross before extending the advantage eight minutes later.
The striker completed his brace in the 60th minute, calmly converting a pass from fellow substitute Usor to put the Super Eagles firmly in control.
Nigeria held on to their two-goal advantage until the final whistle, securing all three points.
The victory moves the Super Eagles to second place in Group L with six points from three matches, one point behind leaders Guinea-Bissau, who have seven.
Madagascar sit third with two points, while Tanzania remain at the bottom of the group with one Point.
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