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Polaris bank enrols in PAPSS for customers seamless trade and payments across Africa

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Polaris Bank, Nigeria’s leading digital retail Bank, has enrolled in the Pan-African Payment and Settlement System (PAPSS). The cross-border financial infrastructure empowers the Bank’s existing and potential customers to execute trade and payments across Africa seamlessly.

The inter-African trade payment gateway is a solution designed to empower those who trade international within African continent, with streamlined, efficient, and secure payment processes.

Speaking on the digital payment gateway, Polaris Bank’s Group Head, Global Trade Business, Ayo Adesanya, said the launch of PAPPS underscores the Bank’s commitment to leveraging innovative solutions to simplify processes for customers.

The Banker added that PAPPS is embedded with several unique key features and delivers immense benefits for the Bank’s current customers and prospects. These features include seamless transaction management; meaning merchants and those involved in regional trade can now initiate and track cross-border payments within a single, user-friendly platform.

“The payment gateway offers a centralized hub for managing transactions, and hitherto multiple currency exchange systems. This feature reduces currency exchange risks and associated costs, ultimately benefiting our customers’ bottom lines.” she further disclosed.

PAPPS also bolsters compliance and security as the payment gateway incorporates robust security measures to safeguard sensitive financial information, ensuring that transactions are executed securely and in compliance with international regulations.

“Polaris Bank signing up to PAPPS, developed by AfreximBank, is poised to ease international trade by simplifying payment processes, reducing risks, and enhancing efficiency. It empowers businesses to seize new opportunities in the continent and regional marketplace,” the Group Head stated.

Polaris Bank was adjudged Digital Bank of the Year in 2021 and 2022, 2023 by Business Day’s Banks and Other Financial Institutions (BAFI) Awards. It also emerged as the Best MSME Bank of the Year in 2022 and 2023 because of its ability to use technology to enable bottom-up support to the MSME sector.

 

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Obi can never come back to Labour Party- Arabami

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The National Vice Chairman (South-West) of the Labour Party, Abayomi Arabambi, has said the party’s doors habeen permanently shut against former presidential candidate, Peter Obi, adding that he will never return to the organization.

Arabambi made the remarks during an interview on News Central on Thursday, dismissing moves by some party stakeholders to bring Obi back into the fold.

“Nenadi will try, but Obi can never come back to Labour Party,” he said, adding that party leaders had already reached an understanding on their political direction.

According to him, the decision followed the party’s internal crisis and consultations among key figures, including Abure-led leadership and Abia State Governor, Alex Otti.

“Because of the intractable crisis… we have all settled that we will support the second term and ambition of Mr President Bola Ahmed Tinubu,” Arabambi stated.

He alleged that former Minister Nenadi Usman was pushing for Obi’s return, insisting such a move would not succeed.

“She should perish that thought… that Peter Obi will come back into the Labour Party,” he said, claiming she was closely aligned with Obi’s political interests.

Arabambi also criticised Obi’s past role in the party, blaming him and his supporters for internal challenges during the 2023 election.

“They were the ones that messed up that election… It wasn’t Tinubu that made us lose 4.7 million votes from 53,000 polling units where they failed to feed the agents,” he said.

He further ruled out any future presidential bid by Obi on the party’s platform, adding that current efforts to reposition the party are focused elsewhere.

“We will not be beating the second time, once beaten twice shy,” Arabambi said.

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Northern Group shoves Atiku over attack on Goodluck Jonathan 

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By Bonaventure Phillips Melah

Arewa Mandate for Unity and National Rebirth (AMUNR), has criticized former vice president, Atiku Abubakar for his recent attack on former President Goodluck Jonathan.

Atiku, the presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general election, had on Wednesday described Jonathan’s presidency as a ‘product of inexperience, among other unsavoury remarks.

But reacting to the development on Thursday, AMUNR, through a statement signed by Danladi Luka Ishiaku and Basiru Usman Wakili, National Coordinator and National Secretary respectively, urged Atiku to pursue his presidential ambition without looking for who to blame for his years of political misfortune.

AMUNR said contrary to Atiku’s wrong narrative, Dr. Goodluck Jonathan served Nigeria for 16 uninterrupted years from deputy governor to governor, vice president to acting president and president of the country for five years, adding that he was much more prepared to serve Nigeria at the highest level, with achievements that are yet to be equalled by any Nigerian leader in history.

The group said Atiku has failed to achieve his presidential ambition, partly due to what it described as desperation and impatience which it said was responsible for his movement from PDP to three different parties and back to PDP and now to ADC, saying Atiku would have served as president under the PDP of he had allowed Jonathan to complete his terms without disrupting the system.

It therefore advised the former vice president to blame himself and not Jonathan for his political woes.

AMUNR said- “Our attention has been drawn to the now familiar comments by former Vice-President Atiku Abubakar, who has chosen to substitute revisionism for reality by branding Dr. Goodluck Jonathan’s presidency as a product of “inexperience.” This claim is not just wrong; it is mischievous.

“Dr. Jonathan rose through every constitutional rung of leadership—Deputy Governor, Governor, Vice-President, and Acting President during the national uncertainty that followed the illness of Umaru Musa Yar’Adua. To dismiss that trajectory as “inexperience” is either a willful distortion of facts or a troubling misunderstanding of governance itself.

“But perhaps the more pressing question is this: from what vantage point is this judgment being made?

“Here is a man who has spent decades in perpetual pursuit of the presidency contesting, recalibrating, and returning, yet has never once borne the full weight of that office. It is, therefore, remarkable that someone whose “experience” is defined largely by ambition now seeks to diminish the record of someone whose experience was tested in office, under pressure, and in history’s full glare.

“Under Dr. Jonathan, Nigeria did not drift, it advanced. The economy was rebased, emerging as Africa’s largest. The power sector was unbundled after years of entrenched dysfunction. Agricultural corruption networks were dismantled. Rail and road infrastructure, long abandoned, were revived. These are not opinions; they are verifiable milestones.

“And then came the defining moment: when faced with the choice between personal power and national peace, Dr. Jonathan chose Nigeria. His peaceful concession in 2015 remains one of the most consequential acts of democratic leadership on the continent, an act that secured stability and earned global respect.

“That is what real leadership looks like.

“To now hear that legacy casually reduced to “inexperience” is not merely ironic, it is an attempt to gaslight a nation that lived through, and benefited from, those years.

“Nigerians remember. They remember results. They remember restraint. And they certainly remember who governed, and who merely aspired to.

“If experience is the argument, then the distinction is clear: one man has a record that can be scrutinized; the other has a résumé of repeated attempts.

“Dr. Jonathan’s legacy is not up for casual dismissal. It is written in policy, in progress, and in the democratic stability Nigeria still enjoys today.

“No amount of political revisionism can undo that record,” AMUNR concluded.

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FG re-arrests Malami, son on arms possession, drops terrorism charge

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The Federal Government, on Wednesday, withdrew the terrorism financing charge it filed against the immediate past Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, and his son, Abdulaziz.

The FG, through its team of lawyers led by Mr. Akinlolu Kehinde, SAN, applied to substitute the charge with an amended one concerning the defendants’ alleged illegal possession of arms and ammunition.

It told the court that the arms and live cartridges were found in Malami’s residence in Birnin Kebbi.

Following the development, Malami — who served as Justice Minister from November 11, 2015, to May 29, 2023, under former President Muhammadu Buhari’s administration — and his son took fresh pleas of not guilty to the five-count amended charge.

The defence lawyer, Mr. Shuaibu Arua, SAN, who did not oppose the withdrawal and substitution of the initial charge, persuaded the court, however, to allow the defendants to retain the bail that was initially granted to them.

The application for the defendant’s bail was not challenged by prosecution counsel.

Consequently, trial Justice Joyce Abdulmalik held that the bail the court granted the defendants on February 27, as well as all the conditions already fulfilled, would subsist.

The court subsequently fixed May 26 and June 15 for trial.

 

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