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EMV: ValuCard boss urges CBN to ensure compliance by all players

THE managing director of ValuCard Nigeria Plc, Mr. Kyari Bukar, has called on the
Central Bank of Nigeria to enforce strict compliance by all players in card payments industry with the EMV specification and also ensure that all ATM acquirers have no special relationship with any card scheme (card agnostic) if the country’s payments system must meet global best practices.

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Before we crucify the bank MDs

“Our society is now based on consumption .. 70 per cent of the GDP. This is more than we produce. So to pay our bills, we use funny money invented in 1913 with the creation of the Federal Reserve and the fiat dollar based on credit (debt).. the fractional reserve system. In 1930’s you bought what you could afford.

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MTN sponsores Udiroko Festival

This year’s Udiroko Festival kicked off at the palace of the Ewi of Ado-Ekiti, Oba (Dr) Rufus Adejugbe Adeyemo, on Friday, August 28, 2009. The festival, which is being sponsored by MTN for the second year running, is an annual celebration that brings together sons and daughters of the community.