Connect with us

Business

News Flash! Ecobank Wins CBN/NIBSS Award For Data Integrity

Published

on

Ecobank Nigeria over the weekend carted away the “Electronic Data Rendition Compliance and Integrity” Award at the 2019 edition of the Central Bank of Nigeria (CBN) Electronic Payment Incentive Scheme (EPIS) Efficiency Awards.  The CBN EPIS Efficiency Awards is organized to celebrate financial institutions, merchants and other stakeholders at the forefront of driving electronic payment in Nigeria. Now in its fourth edition, the awards are based on objective analysis of all E-payments data collated by the Nigeria Inter-Bank Settlement System (NIBSS) over a full calendar year. 

According to the NIBSS, the annual award puts into consideration electronic payment transactions data rendered to CBN by Banks and other licensed payments service providers as well as public voting and surveys administered to industry stakeholders for transactions within the year under review.

Commenting on the award, Managing Director, Ecobank Nigeria, Patrick Akinwuntan stated that the award lends credence to the accuracy and integrity to “our electronic data and the proper rendition and compliance to the regulator’s standard. This also attests to Ecobank’s digital contributions and innovation in the Nigerian financial sector. We are using our digital strength to push financial inclusion in Nigeria. Our array of electronic products include the EcobankPay, Rapidtransfer, Omni-Lite”.

Further he reiterated that Ecobank is “excited to receive the NIBSS award for outstanding performance in Electronic Data Rendition, Compliance and Integrity. We are at the forefront of financial inclusion in Nigeria. Our digital offerings have simplified financial transaction processes and are safe, fast and reliable. There are testimonies on the efficiency of our products and we are happy that the regulators recognise our efforts”.  

Nigeria Inter-Bank Settlement System Plc (NIBSS) is owned by all licensed banks including the Central Bank of Nigeria (CBN).  It possesses modern world-class infrastructures for handling inter-bank payments to remove potential bottlenecks associated with inter-bank funds transfer and settlement. The company also operates the Nigeria Automated Clearing System (NACS) which facilitates the electronic clearing of cheques and other paper based instruments, electronic funds transfer, Automated Direct Credits and Automated Direct Debits.

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

AHMADU FIDI AHMADU: A DISTINGUISHED LEADER IN MARITIME MANAGEMENT AND CORPORATE GOVERNANCE

Published

on

AHMADU FIDI AHMADU: A DISTINGUISHED LEADER IN MARITIME MANAGEMENT AND CORPORATE GOVERNANCE

BY
CHINEDU NSOFOR

Ahmadu Fidi Ahmadu is far from an ordinary man. With a career spanning over two decades, he stands as a quintessential example of excellence in leadership, strategic resource management, and maritime consultancy. As the Director and CEO of Waarith Consulting Limited, he has demonstrated an unwavering commitment to operational efficiency, environmental sustainability, and corporate governance.

A Proven CEO with 22+ Years of Expertise

Ahmadu’s professional journey is marked by over 22 years of rich, cognitive experience in managing both human and material resources across industries. Currently serving as the Chief Executive Officer of Waarith Consulting Limited, a marine cargo handling company, he leads a firm that provides critical stevedoring and terminal operations to major players in the maritime and oil sectors.

Waarith Consulting Limited is actively involved in high-impact projects including:

Dangote Refinery, Lekki, Lagos (650,000 barrels per day capacity)

ENI’s Brass Export Terminal, Bayelsa State

Lagos Deep Offshore Logistics Base (LADOL), Apapa, Lagos

These partnerships underscore the company’s central role in supporting international oil companies (IOCs) and Nigeria’s economic infrastructure.

An Academic Portfolio That Reflects Global Leadership

Ahmadu is not only accomplished professionally but also academically. He holds a degree in Business Administration from the prestigious Ahmadu Bello University (ABU), Zaria and has continued to sharpen his strategic insight at world-renowned institutions. His qualifications include:

Certificate in Global Management – INSEAD Business School

Advanced Diploma in Port and Terminal Management – Lloyd’s Maritime Institute

INSEAD Certified Director (IDP-C) with Advanced Certificates in Corporate Governance and Negotiation

Board Director Diploma – International Institute for Management Development (IMD)

Diploma in Environmental, Social, and Governance (ESG) with Distinction – Corporate Governance Institute

This academic repertoire gives Ahmadu a rare blend of business, governance, and maritime expertise.

A Fellow and Member of Leading Professional Bodies

His pursuit of excellence is mirrored in his affiliations with several reputable institutions both in Nigeria and internationally. Ahmadu is:

Fellow, Nigerian Institute of Management (Chartered)

Fellow, Chartered Institute of Logistics and Transport (CILT)

Fellow, Chartered Institute of Transport Administration of Nigeria (CIOTA)

Fellow, Institute of Management Consultants Nigeria (IMCN)

Fellow, Institute of Safety Professionals of Nigeria

Fellow, Centre for Public Service Productivity and Development Nigeria (CPSP)

Fellow, Institute of Professional Entrepreneurs and Strategic Administrators of Nigeria

In addition, he is a:

Member, Institute of Directors Nigeria (IOD)

Member, Corporate Governance Institute

Member, Society for Corporate Governance Nigeria (SCGN)

Member, International Association of Marine and Shipping Professionals (IAMSP)

Member, Chartered Institute of Personnel Management (CIPM)

Senior Associate, Risk Management Association of Nigeria (RMAN)

Leadership in Environmental and Sports Development

Ahmadu’s influence extends beyond boardrooms. He is a two-time board member of the Nigerian Rowing, Canoe and Sailing Federation, representing the North-Eastern zone (2017–2021 and 2021–2025). He also serves as a trustee of the Monguno and Bridgewater Green Foundation, an NGO focused on climate change and combating desert encroachment.

Legacy Projects and National Impact

One of the most impactful milestones in his career was his time as Chief Operating Officer (COO) at African Circle Pollution Management Limited, a firm operating under a Build, Operate, and Transfer (BOT) contract with the Federal Government of Nigeria. Under his leadership, marine pollution control facilities were successfully installed in:

Lagos Port

Port Harcourt Port

Calabar Port

Warri Port

These facilities aligned with International Maritime Organisation (IMO) conventions, ensuring Nigeria remained in compliance with global environmental standards. The execution of this two-decade-long project was bolstered by the technical partnership with DV Howells of Milford Haven Pembrokeshire, United Kingdom.

A Man of Depth and Passion

Despite his extensive responsibilities, Ahmadu remains grounded. He attributes his success to two personal traits: humility and passion. These have guided his leadership style, earning him trust and respect across public and private sectors.

Outside the professional arena, Ahmadu finds relaxation in strategic board games like chess and watching war documentaries, a reflection of his analytical mind and appreciation for strategy and history.

Conclusion

Ahmadu Fidi Ahmadu is a remarkable figure in Nigeria’s maritime and corporate space—his blend of technical expertise, academic excellence, international exposure, and social responsibility paints the portrait of a visionary leader. As he continues to steer the ship at Waarith Consulting Limited, his legacy of service, integrity, and innovation sets a benchmark for current and future industry leaders.

Continue Reading

Business

One Picture, One Dream: How Barth Nwibe Rose from Anambra Soil to Global Oil Success”

Published

on

One Picture, One Dream: How Barth Nwibe Rose from Anambra Soil to Global Oil Success”

“From Village Dust to Oil Dollars: How One Photo Turned Barth Nwibe Into Nigeria’s Oilfield Giant”


A single image in an old magazine changed everything.

That’s the incredible testimony of engineer and oil mogul Barth Nwibe, who rose from a modest childhood in rural Anambra to become the founder of SEGOFS Energy, Nigeria’s foremost independent oilfield servicing firm. Now preparing to unveil a ₦3 billion AI-powered diagnostic centre in Awka, Nwibe says his transformation began not in a boardroom—but with a picture.

“I saw a Black man in a hard hat, working at MIT. That moment, I knew engineering was my path,” he told journalists in a riveting interview. “I turned away from medicine and pursued what truly spoke to me.”

From Ifite Primary School in Igbo-Ukwu to Christ the King College, Onitsha, and eventually UNN, Nwibe’s life reads like a masterclass in grit, vision, and divine alignment. His story—marked by stints at Halliburton, Schlumberger, Shell, and Baker Hughes—culminated in 2006 with the launch of SEGOFS, now a Nigerian powerhouse delivering cutting-edge upstream oil services once monopolized by global giants.

“We’re the only indigenous firm doing this independently in Nigeria,” he stated. “We’ve matched and in some cases surpassed international standards.”

But Nwibe’s vision transcends oil. After losing his mother to a stroke that wasn’t diagnosed early enough, he was inspired to build a world-class AI diagnostic facility in Anambra to combat healthcare inadequacies. “If we had diagnosed her earlier, she might still be alive,” he said emotionally.

Construction of the center, equipped to rival Indian and U.S. facilities, is already at roofing stage. “From Awka, we’ll deliver tests once exclusive to foreign hospitals. We’re training staff, we’re ordering machines, we’re doing this for our people.”

The Ugo-Igboukwu Foundation, his philanthropic arm, continues to fund education for hundreds of underprivileged children, while his political ambition—though temporarily stalled—is very much alive. “When the people are ready for real leadership, I’ll be ready,” he stated.

A recipient of the Anambra Man of the Year Award 2025, Nwibe remains sharply critical of Nigeria’s political and economic dysfunction. “Until the elite step into politics with a clear vision, we’ll keep going in circles. Anambra can power its economy with gas—real, sustainable gas—and transform lives overnight.”

With a foot in business, philanthropy, and public service, Barth Nwibe is building more than companies—he’s building a legacy.

“There’s no shortcut to success. No rituals. No magic. Just hard work, vision, and staying ready when the picture of your destiny shows up.”

Continue Reading

Bank

Union Bank Rewards Customers with Motorcycles, Cash Prizes in 3rd Save and Win Palli Promo 4 Monthly Draw

Published

on

Union Bank Rewards Customers with Motorcycles, Cash Prizes in 3rd Save and Win Palli Promo 4 Monthly Draw

Lagos, Nigeria— Union Bank of Nigeria has rewarded another set of customers in the ongoing Save and Win Palli Promo 4 campaign. Six lucky customers each won a brand-new motorcycle, and 120 additional winners won cash prizes.
The third monthly hybrid live draws were transparently conducted at the Bank’s Sabo, Yaba Branch in Lagos under the supervision of relevant regulatory institutions. For integrity purposes, some of the winners were contacted to congratulate and remind them that the Bank will never call to request or confirm their confidential banking details such as BVN, date of birth, pins, or passwords.

 

Save & Win Palli Promo 4 is a nationwide campaign designed to reward both new and existing customers with cash prizes and other exciting gifts worth N131,000,000. This initiative aims to support them in achieving their savings goals while getting rewarded at the same time.

 

To stand a chance to win, customers can continue to top up their savings in multiples of N10,000 or more and perform a minimum of five transactions a month to increase their chances of winning in the draws. This promo is open to new and existing savings and current account holders.

Prospective customers can download the UnionMobile app on their smartphones to open accounts or walk into any Union Bank branch. Returning customers can call the 24-hour Contact Centre on 07007007000 or visit any Union Bank branch nationwide to reactivate dormant accounts.

Continue Reading

Cover Of The Week

Trending