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70m Active Mobile Line Owners Have No Bank Accounts – eTranzact

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The Chief Executive Officer of eTranzact International Plc., Mr Niyi Toluwalope, has said that about 70 million active mobile line owners in Nigeria do not have bank accounts.

Toluwalope made the disclosure at the Capital Market Correspondents Association of Nigerian (CAMCAN) 2021 Annual Workshop held on Saturday in Lagos.

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The eTranzact boss said that 150 million of Nigeria’s 200 million population owned mobile phone lines, 110 million owned 150 million mobile phone lines but only about 40 million had active bank verification numbers.

Toluwalope said that there was the need to close the gap, especially as regards small and medium enterprises.

READ ALSO: FG Approves COVID-19 Vaccines Booster For Nigerians

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He spoke on: “Technology as a Tool for Financial Inclusion in Nigeria: A Fintech Approach”

He said that financial inclusion was important to the capital market industry.

According to Toluwalope, financial inclusion is an important component for enabling group.

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He said: “Financial inclusion holds the answers to how we increase the participation of retail investors, how we encourage more homegrown businesses, leverage the capital market for growth and the informal sector participation in the capital market.

“The role of technology cannot be overemphasised.

“Over the past few years, technology has allowed more people to gain access to financial services, and that has increased by default, the customer base of capital market operators.

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“Essentially, the rise of digital financial services means growth for the capital market.”

Toluwalope said that utilisation of technology would democratise capital market access and participation.

“We can directly expand the current digital savings and investments offerings to leverage the capital market for increased returns,” he said.

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He added that for financial inclusion to thrive, the sector would need collaboration of players in the private and public sectors.

He noted that the Central Bank of Nigeria as well the Securites and Exchange Commission (SEC) had taken a number of steps to drive financial inclusion.

The News Agency of Nigeria (NAN) reports that the workshop had a panel session during which representatives of the Nigerian Exchange (NGX) Ltd., FMDQ Exchange, SEC and stockbrokers pledged to continue to fashion out ways to tackle ponzi scheme activities.

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READ ALSO: BREAKING: Riot In Osogbo Over Alleged Killing Of Truck Driver By Police

The workshop was sponsored by Flour Mills of Nigeria, United Bank for Africa, Access Bank, Zenith Bank, NGX, FMDQ and SEC, among other organisations.

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India Issues Health Alert After Spike In ‘brain-eating’ Amoeba Deaths

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India has issued a health alert after infections and deaths caused by a rare water-borne “brain-eating” amoeba doubled compared to last year in the southern state of Kerala.

Numbers are still tiny but Altaf Ali, a doctor who is part of a government task force to arrest the spread, told AFP that officials were “conducting tests on a large scale across the state to detect and treat cases”.

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Officials reported 19 deaths and 72 infections of the Naegleria fowleri amoeba this year, including nine deaths and 24 cases in September alone.

READ ALSO:India Test-fires Ballistic Missile, Capable Of Reaching All Of China

Last year, the amoeba killed nine people out of 36 reported cases.

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The US Centres for Disease Control and Prevention says it is often called a “brain-eating amoeba” because it can “infect the brain and destroy brain tissue”.

If the amoeba reaches the brain, it can cause an infection that kills over 95 per cent of those affected.

Infections are “very rare but nearly always fatal”, the CDC notes.

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READ ALSO:Indian Man Gets Death Sentence For Burning Wife Alive Over Skin Colour

The amoeba lives in warm lakes and rivers and is contracted by contaminated water entering the nose. It does not spread from person to person.

The World Health Organisation says that symptoms include headache, fever and vomiting, which rapidly progresses to “seizures, altered mental status, hallucinations, and coma”.

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“It’s worrying that new cases this year have emerged from across the state, as opposed to specific pockets in the past,” Ali said.

Since 1962, nearly 500 cases have been reported worldwide, mostly in the United States, India, Pakistan, and Australia.

AFP

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Gunmen On Motorbikes Kill 22 At Baptism Ceremony In Niger

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Gunmen on motorbikes shot dead 22 villagers in western Niger, most attending a baptism ceremony, local media and other sources said Tuesday.

The shootings happened on Monday in the Tillaberi region, near Burkina Faso and Mali, where jihadist groups linked to Al-Qaeda and the Islamic State group (IS) are active.

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A resident of the area told AFP that 15 people were killed first at a baptism ceremony in Takoubatt village.

The attackers then went to the outskirts of Takoubatt where they killed seven other people,” said the resident, who requested anonymity for security reasons.

READ ALSO:Two Nigerians Face Jail Terms In Liberia’s Piracy Trial

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Local media outlet Elmaestro TV reported a “gruesome death toll of 22 innocent people cowardly killed without reason or justification”.

“Once again, the Tillaberi region has been struck by barbarism, plunging innocent families into mourning and despair,” Nigerien human rights campaigner Maikoul Zodi said on social media.

Niger’s military leaders, who came to power two years ago in a coup, have struggled to contain jihadist groups in Tillaberi, despite maintaining a large army presence there.

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Around 20 soldiers were killed in the region last week.

READ ALSO:Nigerian Jailed In US Over $6m Inheritance Fraud

Human Rights Watch has urged Niger authorities to “do more to protect” civilians against deadly attacks.

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The rights monitoring group estimates that the Islamic State group has “summarily executed” more than 127 villagers and Muslim worshippers in Tillaberi in five attacks since March.

Meanwhile, the NGO ACLED, which tracks conflict victims worldwide, says around 1,800 people have been killed in attacks in Niger since October 2024 — three-quarters of them in Tillaberi.

Niger and its neighbours, Burkina Faso and Mali, also ruled by military coup leaders who claim to pursue a sovereignist policy, have expelled the French and American armies that were fighting alongside them against jihadism.

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Serbia Indicts Ex-minister, 12 Others Over Train Station Tragedy

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Serbian prosecutors filed an updated indictment on Tuesday against 13 people, including a former minister, over a fatal railway station roof collapse that has triggered a wave of anti-government protests.

The prosecution said all those indicted, among them former construction minister Goran Vesic, face charges of “serious crimes against public safety” over the tragedy that killed 16 people last November.

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“The indictment proposes that the Higher Court in Novi Sad order custody for all the defendants,” the prosecutor’s office said in a statement.

The roof collapse at the newly renovated station in Serbia’s second-largest city, Novi Sad, became a symbol of entrenched corruption and sparked almost daily protests.

READ ALSO:FG Panel Indicts AFN In Ofili’s Paris Olympics Omission

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Protesters first demanded a transparent investigation, but their calls soon escalated into demands for early elections.

The Higher Public Prosecutor’s Office in Novi Sad initially filed an indictment at the end of December, but judges returned it in April, requesting more information.

The accused were released or placed under house arrest following the decision.

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The prosecutor’s office said it had complied with the judge’s request and had now completed the supplementary investigation.

READ ALSO:NDLEA Arrests Indian Businessman, 3 Others Over Alleged Trafficking Of N3.9bn Tramadol

The prosecutor specialising in organised crime and corruption in Belgrade is leading a separate, independent investigation into the tragedy.

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That investigation is focused on 13 people, including Vesic and another former minister, Tomislav Momirovic, who headed the Construction Ministry before him.

In March, the European Public Prosecutor’s Office (EPPO) launched a third, separate investigation into the possible misuse of EU funds for the station’s reconstruction.

AFP

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