Demystifying Nigerian ATM Experience

The ATM in Nigeria has gone from a mysterious machine of very high distrust to a basic essential. Understandably, being at the perceived epicentre of online fraud and Internet scams has made Nigerians exceedingly weary of this machine which spits cash at the punch of just four digits. My personal take though, is that there…

Email Spoofing

I run a startup web hosting reseller company with a sizeable number of premium and free accounts. Running a web hosting business can be challenging but interesting too. You get to hear varied complaints. About 3 weeks ago, a client called me up, complaining about mails that were being sent from addresses purportedly from his…

The Rape of Union Bank Plc

By the time Sanusi Lamido Sanusi was appointed Governor of the Central Bank of Nigeria in August 2009, Union Bank of Nigeria Plc was a very financially sound institution. Its only problem had to do with in-fighting in the executive management team over the succession of the MD/CEO, Bartholomew Ebong whose tenure had been extended…

Regulatory Alert – NIGERIA: CBN upends 2005 Soludo-era banking reforms

I seek your indulgence to deviate from our regular I.T. beats to share a write-up i saw on PROSHARENG.COM website about Nigeria's Central Bank Governor, Lamido Sanusi's Banking reforms. Reactions welcomed. Nigerian Central Bank Governor Lamido Sanusi has true to form and our longstanding expectations finally upended the fundamental structure of the Nigerian Banking sector. In…