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CBN Grants PPSP Approval to Cellulant Nigeria

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The Central Bank of Nigeria (CBN) has issued an approval in principle to Cellulant Nigeria Limited to operate as a Payment Solution Service Provider in Nigeria having satisfied the stringent requirements of the CBN.

This approval makes Cellulant one of the Payment Solution Service Providers (PSSP) in Nigeria. PSSPs are the companies that make up the underlying e-Payment infrastructure in Nigeria.

Banks, Online Merchants, payment processors, merchants, state-governments and consumers connect to PSSPs to meet their electronic payment needs.

Cellulant is the provider of the Tingg Payment Service & AgriKore Customer Relationship Management (CRM) service that is used by Governments, private sector companies, farmers, merchants in Nigeria & the rest of Africa, Asia to ensure end to end electronic payments in Agriculture and other consumer facing value chains. Cellulant’s payment solution is underpinned by highest global security standards.

The solution is ISO/IEC 27001& PCIDSS certified and all records are backed up on a blockchain ledger which ensures that accounts cannot be hacked, and records cannot be changed.

The co-founder and Chief Executive Officer of Cellulant Nigeria, Mr. Bolaji Akinboro, stated that this approval will enable the company to extend its payment solutions across all spectrum of Nigeria’s payment system ecosystem.

According to him, ‘‘Cellulant is a critical component of Nigeria Payments system and a key actor in delivering the payments systems vision 2020 especially as it pertains to digitising payments within Agriculture and adjacent payment verticals such as transport & logistics; We want to assure CBN and all Nigerians that we will not disappoint them’’.

Akinboro further stated that ‘‘this approval sets Cellulant into a select group of less than 7 companies that operate as PSSPs in Nigeria and will help add millions of economically active but financially excluded Nigerians into the digital payment ecosystem’’.

Cellulant is a financial technology company that provides the e-payment solution known “Tingg” and the developer of the world acclaimed e-wallet system that has transformed Agriculture in Nigeria and the rest of Africa. The Cellulant Tingg payment service solution connects everyone to everything, every day. Businesses, Banks and government agencies leverage on the Tingg solution to perform the last mile payment for farmers and the unbanked in the rural.

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King Charles Reportedly “Really Unwell” And Funeral Plans Are Currently Being Reviewed

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King Charles III’s health is causing concern for friends and the palace as he continues to battle cancer.

“Speaking to friends of the king in recent weeks about his health, the most common response is … ‘It’s not good,’” Tom Sykes of the Daily Beast reported Thursday, April 25.

A friend of the monarch claimed Charles “is determined to beat it and they are throwing everything at it,” adding, “Everyone is staying optimistic, but he is really very unwell. More than they are letting on.”

Royal writer Tina Brown also hinted at the monarch’s health struggles, writing recently that Charles’ cancer has put Prince William and Kate Middleton “in frightening proximity to ascending the throne just when they had hoped for a span of years to parent their children out of the public eye.”

“The prospect of it, I am told, is causing them intense anxiety.”

Sykes also reported that the king’s funeral plans, codenamed “Operation Menai Bridge”, are currently being reviewed.

A separate document that states what went well at Queen Elizabeth’s September 2022 funeral and what could be done better the next time a monarch dies is also circulating, according to the Daily Beast.

All the sources emphasized that royal funeral plans are constantly in review. However, one former staffer in particular conceded that Charles’ health woes have given his plans a different urgency.

“The plans have been dusted off and are actively being kept up to date,” the former staffer explained.

“It’s no more than what you would expect given the king has been diagnosed with cancer. But the circulation of them has certainly focused minds.”

Buckingham Palace announced in February that after undergoing surgery for a benign prostate enlargement, it was discovered that the king has cancer.

We hope the king gets well soon.

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EFCC: New Documents Extracted Shows Yahaya Bello Allegedly Paid School Fees To The Tune Of $845,852,84 For His Family Members

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Still on the EFCC trailing on Ex Governor of Kogi State, Yahaya Bello, Documents serving as exhibits have shown how he allegedly paid school fees in advance for his family members already in the school and even those to be enrolled in future with hundreds of thousands of dollars withdrawn from the state coffers.

A letter from the American International School of Abuja to the Economic and Financial Crimes Commission (EFCC) has shown the school admitting that Bello, the former governor of Kogi State, paid $845,852,84 into their bank account since September 2021 as advance school fees for 4 family members from the present class until they graduate.

Payment was also made for any future student to be enrolled by the family.

The document alleges that the payment was made by Mr. Ali Bello, alleged to be the eldest son of Yahaya Bello.

In the document, the school stated that they have deducted the fees for the educational service already rendered to the Bello children in the institution and what is left is $760, 910, which would be refunded to an account provided by the EFCC as the commission continues investigation into alleged money laundering levelled against Yahaya Bello.

the school fees documented payment

The school also added that from the Bello family kids, “no further additional fees are expected in respect of tuition until they graduate from ASIA.”

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Niger State Prisoners Run From Facility After Rainstorm Brings Down Part Of Fencing

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Many prisoners serving time at the Suleja Correctional Centre, located in Suleja Local Government of Niger state, fled the facility after a rainstorm brought down a part of the inner fencing.

This incident happened as a result of the heavy rainfall which fell on Wednesday night. This led to a cell being torn down, providing incarcerated individuals with a chance at freedom.

Reporters gathered that security forces fired many shots in the air, attempting to scare the inmates out of hiding.

While the State Comptroller of Prisons declined to speak to the press, it has been noted that security has been beefed up on the Minna-Suleja and Suleja-Kaduna roads, including the Madalla axis to Abuja road, which is a likely escape route out of the state for the inmates.

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