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e-Banking Will Transform Nigeria—CeBIH


By Modupe Gbadeyanka

The importance of electronic banking has been highlighted by the Committee of Electronic Banking Industry Heads (CeBIH).

At its 2016 annual retreat held from December 1 to 2, 2016 at the Transcorp Hilton Hotel in Abuja, the body noted that Nigerians have advanced in technology; hence, the need for the banking sector to tally along with them.

At the event themed ‘Disruptive Technology and the Future of Payment’ stakeholders called for total electronic banking system in the country.

At the retreat, industry players examined the impact of various technological innovations and advancements in the field of payments are having on how payments and banking are done today and in terms of what is to be expected in the future.

It was agreed that e-banking will help solve many of the problems faced by bank customers including theft arising from unauthorised access to bank accounts.

Some of the speakers at the occasion were Mrs Ibukun Awosika, Chairman of First Bank Nigeria Limited; Mr  Risto Savolainen, Managing Director, iAxept United Kingdom Limited; Mr Ade Shonubi, Managing Director, Nigeria Inter-Bank Settlement System Plc; Mr Mitchell Elegbe, Group Managing Director, Interswitch Nigeria Limited; Mr Agada Apochi, Managing Director, Unified Payments Services Limited; Mr Valentine Obi, Managing Director, eTranzact International Plc; and Mr John Obaro, Managing Director, SystemSpecs Limited amongst others.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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