NIBSS operates within a framework of transparency and accountability. This is not only essential for the integrity of Nigeria’s financial system but also for the confidence of international investors and partners. The time has come for the NIBSS to be accountable to the Nigerian public since CBN has a stake in the enterprise.

NIBSS operates within a framework of transparency and accountability. This is not only essential for the integrity of Nigeria’s financial system but also for the confidence of international investors and partners. The time has come for the NIBSS to be accountable to the Nigerian public since CBN has a stake in the enterprise.

It’s charges and operations must be carefully evaluated to support the growth and sustainability of small businesses, which are essential to the nation’s economic prosperity.

NASS should consider revising the policies that govern financial transactions to reduce the burden on small businesses. CBN needs to revert to its crucial role of maintaining financial stability, rather than be horse drawn by the harsh drive for  galloping profit by its NIBSS majority.

To start off the reviews, the relevant Senate committee should urgently summon and engage in a fact finding conversation with all the uneasy stakeholders in the settlement system .

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