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ABIOLA AND THE ANCIENT JOURNEY OF JUNE 12 – By Dare Babarinsa, CON Otunba Bimbo Ashiru, Group Chairman of Oodua Investment Company Limited, speaks at the Think Yoruba First 4th Global Conference. A proud moment for Yoruba land as he addresses the gathering on regional unity and progress. Representative from the DAWN Commission speaks at the Think Yoruba First 4th Global Conference, addressing the gathering on regional integration, collaboration with Think Yoruba First, and the future of Yoruba land in a multipolar world. The event was held in partnership with the DAWN Commission. Otunba Deji Osibogun, Convener of Yoruba Koya Leadership and Training Foundation, speaks at the Think Yoruba First 4th Global Conference. He addressed the gathering on leadership development, grassroots mobilisation, and the urgent need to build the next generation of Yoruba leaders. Oba Francis Olusola Alao, the Olugbon of Orile-Igbon Kingdom, speaks at the Think Yoruba First 4th Global Conference. The royal father spoke on the critical role of traditional institutions in securing the nation and praised Think Yoruba First for their tireless work in advancing the cause of Yoruba land, declaring that the movement is the future of Yoruba progress and unity. “No One Is More Qualified Than Me” – Senator Dickson Declares Obi Not Doing NDC Any Favour Caribbean Nation Opens Doors: Grenada Grants Nigerians Visa-Free Access, Seeks Direct Flights and Investment Economic Invasion, Physical and Psychological Warfare on Yoruba Land Oba Francis Olusola Alao, the Olugbon of Orile-Igbon Kingdom, speaks at the Think Yoruba First 4th Global Conference. The royal father spoke on the critical role of traditional institutions in securing the nation and praised Think Yoruba First for their tireless work in advancing the cause of Yoruba land, declaring that the movement is the future of Yoruba progress and unity.

BUSINESS

Update Your BVN, NIN or Lose Your Account, PalmPay Tells Users

January 26, 2024 • 2 min read

Following the Central Bank of Nigeria (CBN) directive on strengthening Know Your Customer (KYC) procedures for Tier 1 accounts, fintech company, PalmPay, has instructed its users who have yet to comply with the directive to do so promptly.

Since the directive’s introduction last December, PalmPay has launched a new onboarding flow on the app that requires all Tier 1 users to validate their NIN or BVN.

It emphasizes that failure to do so will prevent users from completing their registration on the wallet.

All existing users have been advised to validate their BVN or NIN, while users who have previously validated their NIN or BVN must revalidate their KYC information by January 31, 2024.

Existing users who have not yet validated their NIN or BVN must do so by March 31, 2024.

Outstanding NIMC debts threaten national identity card project
Defaulting wallets will be frozen on January 31 and March 31, 2024, respectively.

According to the Managing Director of PalmPay Nigeria, Chika Nwosu, “We are committed to doing our part to foster a secure financial ecosystem. We urge all PalmPay users to update their KYC information on the app as soon as possible to ensure the smooth continuation of service for their wallets.”

Meanwhile, in a bid to encourage users, the company has introduced an incentive payment of up to N500 for users who get ahead of the deadline and validate their information.

Additionally, support operations have been strengthened to assist customers through the process.