AbaCityBlog
Thursday, June 19, 2025
  • Login
  • HOME
  • Student Guides
  • Scholarships
  • Travel
  • Tech
  • Business
  • Make Money Online
  • Gadgets
  • DIY
No Result
View All Result
  • HOME
  • Student Guides
  • Scholarships
  • Travel
  • Tech
  • Business
  • Make Money Online
  • Gadgets
  • DIY
No Result
View All Result
AbaCityBlog
No Result
View All Result
Home Uncategorized

CBN Revokes Operating Licences of 8 Payment Service Providers (See List)

December 24, 2020
in Uncategorized
40
SHARES
175
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Central Bank of Nigeria, CBN, has revoked the Operating Licences of eight Payment Service Providers.

Their licenses were revoked over non-performance, inability to meet capital requirements and failure to fulfil or comply with the conditions subject to which their licences were granted.

In a press statement signed by the CBN governor, Godwin Emefiele, noted that the seven (7) payment service providers listed in the schedule I, henceforth, ceased to carry on the type of business in Nigeria for which their license were issued for a continuous period of 6 months.

LIST OF PAYMENT SERVICE PROVIDERS WHOSE LICENSES WERE REVOKED (SCHEDULE I)

  1. Easifuel Limited.
  2. Transaction processing System (TPS).
  3. Grand Towers Limited.
  4. Paymaster Limited.
  5. E-Revenue Gateway Limited.
  6. Eartholeum Network Limited.
  7. Globasure Limited.

CBN Revokes Operating Licences of 8 Payment Service Providers (See List)

Also, the statement said, the payment service provider listed in the schedule II, henceforth ceased to carry on their business in Nigeria, being a switch company for which its license was issued for a continuous period of 6 months.

LIST OF PAYMENT SERVICE PROVIDERS WHOSE LICENSES WERE REVOKED (SCHEDULE II)

  1. 3Line Card Management Limited.

CBN Revokes Operating Licences of 8 Payment Service Providers (See List)

According to the statement, the revocation of their licenses was following their failure to fulfil or comply with conditions subject to which their licenses were granted and also, failure to comply with the obligations imposed upon them by the Central Bank of Nigeria in accordance with the provision of banks and other financial institutions Act (BOFIA) Cap B3, Laws of the Federation of Nigeria, 2004.

Parts of the statement reads;

“I, Godwin Ifeanyi Emefiele, CON, Governor of central bank of Nigeria, in exercise of powers confered on the central bank of Nigeria under sections 60 and 62 of BOFIA, CAP B3, Laws of the Laws of the Federation of Nigeria, 2004 hereby, revoke the licenses of the payment Services Providers listed in Schedule I and the switch license of Payment Services Providers listed in Schedule II attached hereto.

CBN Revokes Operating Licences of 8 Payment Service Providers (See List)

 

 

Tags: CBNGodwin Emefiele
Share16Tweet10Send

Related Posts

Top 10 Fruits for Energy boosting And Body Hydration 

by Jessica S
September 18, 2023
0

Introduction  The importance of fruits in our pursuit for a healthy and active lifestyle cannot be stressed.  They are not...

Fire Alarm Sprinkler System Installation 

by Jessica S
September 18, 2023
0

Introduction:  In the present quick moving world, guaranteeing the security of lives and property has become central. One of the...

Agent of Maxlogic and Mavigard Fire Alarm System

by Jessica S
September 18, 2023
0

Introduction:    In a world that is beset with so many uncertainties, fire security is a central worry for both...

ACIU Aba Branch Election: COBGAN President writes Abiriba leaders

ACIU Aba Branch Election: COBGAN President writes Abiriba leaders

by Ngozi Blessed
June 27, 2024
0

Dr Amb. Darlington Onuoha Kalu, the president of the Coalition of Business Groups and Associations of Nigeria (COBGAN), an apex-recognized...

Governor Otti set to Migrate Abia To Treasury Single Account, throw more light on digital Tax Payment

Governor Otti set to Migrate Abia To Treasury Single Account, throw more light on digital Tax Payment

by Ngozi Blessed
July 6, 2023
0

Abia State Governor, Dr. Alex Otti, has set a September 1, 2023 target to migrate the state into a Treasury...

Next Post
South East Religious and Traditional Leaders Insist on Igbo President in 2023

'Ndigbo, It's time to sit up' - Uche Okwukwu pens down Goodwill Christmass message to Igbos

Enfranchisement of Nigerians in the Diaspora: “House of Rep. to commence Second reading After Recess” - Akande-Sadipe

Reps Member, Hon Tolulope Akande - Sadipe Tests positive for COVID-19

RECOMMENDED

$150,000 U.S. Visa Sponsorship Opportunities in 2024/2025 – Apply Now

December 15, 2024

H-1B Visa Sponsorship for Elite Caregiving Jobs In America

December 12, 2024

$14,999 U.S.A Visa Sponsorship Opportunities in 2024/2025

December 12, 2024

December 12, 2024
17 Universities That Accept International Students With Low GPA

17 Universities That Accept International Students With Low GPA

June 29, 2024
  • About us
  • Advertise
  • Contact us
  • Privacy Policy
Call us: +2347038111972

© 2023 Abacity Blog Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Contact us
  • Advertise
  • Aba News
  • #OffBeat

© 2023 Abacity Blog Media