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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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Criminal charges: Lawyers ready to defend Natasha with ‘factual evidence ‘

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The legal team of suspended Kogi Central Senator, Natasha Akpoti-Uduaghan, say they are ready with factil evidence to defend her in court.

The team received a formal summons in the case filed against her by the Federal Government at the Federal Capital Territory High Court last week.

On Friday, May 16, 2025, the Federal Government filed the suit, marked CR/297/25, over alleged defamatory remarks made during a live appearance on Channels Television’s Politics Today on April 3, 2025.

The government accused the senator of “making imputation knowing or having reason to believe that such imputation will harm the reputation of a person”, citing Section 391 of the Penal Code, cap 89, Laws of the Federation, 1990.

Among the witnesses listed to testify during the trial were Senate President, Godswill Akpabio, and a former governor of Kogi State, Yahaya Bello.

Others include Asuquo Ekpenyong, a senator; Sandra Duru; Maya Iliya, investigating police officers; and Abdulhafiz Garba, investigating police officers.

However, in a statement issued Friday night by Dr. Ehiogie West-Idahosa (SAN) on behalf of the legal team, Akpoti-Uduaghan’s lawyers confirmed receipt of the formal summons and pledged to prepare all “factual and statutory defences” available to the lawmaker during trial.

“At about 2:30pm on Friday, May 23, 2025, within the premises of the Federal Capital Territory High Court, Abuja, we received the information filed by the Director of Public Prosecutions, containing three counts alleging that our client, Senator Natasha Akpoti-Uduaghan of Kogi Central, made imputations she had reason to believe would harm the reputation of Senator Godswill Akpabio, President of the 10th Senate,” the statement read.

“We received the said information on her behalf through a letter of authority duly issued and filed in the court’s registry.

“The legal team will fully prepare and present all factual and statutory defences available to our client during the trial.”

 

 

 

 

 

 

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FCTA begins take over of PDP hqtrs, 4,793 other properties over unpaid ground rent

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The Federal Capital Territory Administration (FCTA) will on Tuesday next week begin the take over of 4,794 properties in Abuja, including the Peoples Democratic Party (PDP) headquarters, due to unpaid ground rent.

The PDP headquarters, currently under construction in Abuja’s Central Business District, is among the affected properties, having been revoked in March for several years of unpaid ground rent. The FCTA disclosed that 4,794 titles had been revoked for failure to pay ground rent, with some defaults dating back 43 years.

The affected properties are located in various districts, including Central Area, Garki I and II, Wuse I and II, Asokoro, Maitama, and Guzape.

The defaulters owe over N6.96 billion in ground rent. The FCTA had given a 21-day grace period for owners with debts under 10 years, which has now expired.

The FCTA officials announced that the takeover would begin on Monday, May 26, 2025, with the sealing off and restriction of access to the affected properties.

The Director of Land Administration, Chijioke Nwankwoeze emphasized that the revocations were carried out under Section 28(5)(a)(b) of the Land Use Act, which empowers the government to reclaim land when the terms of occupancy are violated.

 

 

 

 

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Plane crash-lands, two injured

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Two people sustained serious injuries when a training aircraft crash-landed at the Ilorin International Airport on Friday.

Director of Public Affairs and Family Assistance, NSIB, Mrs Bimbo Oladeji, who disclosed this in a statement, said the incident occurred at 17:28 local time on May 23, 2025, during a simulated instrument approach on Runway 05 at Ilorin International Airport.

Oladeji said the aircraft veered off the runway and came to a stop on the grass verge, leaving the two occupants on board injured.

She stated: “Both sustained serious injuries and were swiftly evacuated to a medical facility, coordinated by the Nigerian Airspace Management Agency, NAMA.

“In response, the NSIB Go-Team is currently preparing to depart from Abuja to Ilorin to conduct on-site investigations. The team will secure the site, collect physical evidence, interview witnesses, and retrieve operational data to establish the cause and contributing factors of the incident.”

Quoting the Director General of the NSIB, Captain Alex Badeh Jr., she said “Our thoughts are with the injured, and we commend the swift medical and emergency response. Now, our focus is on understanding exactly what went wrong. Every investigation is an opportunity to improve safety. We are deploying our team to Ilorin to ensure that no detail is overlooked.”

 

 

 

 

 

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