Nigeria’s E-payment transactions hit N56.85trn
Reports from the Nigerian Interbank Settlement System (NIBSS), have indicated that Nigeria’s electronic payment (e-payment) services, recorded transactions worth N56.85 trillion from January to September, 2018.
The report, obtained by the News Agency of Nigeria (NAN) on Sunday, showed an increase of N16.4 trillion when compared to the N40.45 trillion that was recorded in the corresponding period of 2017.
The report showed that most of the electronic transactions were done through the NIBSS Instant Payment (NIP), Point of Sale (PoS), Automated Transfer Machines (ATMs), Mobile Money, Electronic Bills Payment (E-Bills) and Web payments.
A breakdown of the report showed that ATMs transactions grew from N4.61 trillion in 2017 to N4.76 trillion at the end of the third quarter of 2018.

Also, the volume of transactions on ATMs under the period in review grew from 560.86 million in 2017, to 650.06 million in 2018.
The report showed a rise of about N635 billion in the use of POS machines to carry out payments by Nigerians.
Under the review period, 98.73 million transactions worth N975 billion were carried out using POS in 2017, while in 2018, the volume grew to 196.83 million, valued at N1.61 trillion.
Similarly, the volume of transactions carried out by Nigerians, using mobile money rose from N795.18 billion in 2017, to N1.22 trillion as at Sept, 2018.
Also, using the web payment channel, the total value of transactions under the review period rose from N129.24 billion in 2017, to N183.07 billion in 2018.
However, the value of such transactions on e-bill payments, which allowed customers to pay utility bills such as power, cable and so on online, declined from N420.73 billion in 2017 to N370 billion in 2018.
Meanwhile a Financial analyst, Dr Patricia Auta, has said that the NIBSS report showed an increased awareness and use of technology by individuals and businesses in the country.
Auta urged the Central Bank of Nigeria (CBN), to intensify efforts on cashless economy, especially in states, to further grow the electronic payment space.
She also advised banks to stay competitive and drive growth by providing innovative alternate payment channels to customers.
CLARIFICATION ON INVITATION OF MEDIA TRUST STAFF BY THE SECURITY AGENCIES
The Nigerian Army wishes to clarify on alleged invasion of Media Trust Headquarters in Abuja and regional office in Maiduguri. We would like to state that soldiers of the Nigerian Army along with elements of Nigeria Police Force and other Security Agencies were indeed at Abuja and Maiduguri offices of the publishing company to invite the staff of the company over its lead story on Sunday Trust publication, which divulged classified military information, thus undermining national security.
In it, the newspaper made disclosed details of planned military operations against the Boko Haram terrorists. The disclosure of classified security information amounts to a breach of national security and run contrary to Sections 1 and 2 of the Official Secrets Act. It afforded the Boko Haram terrorists prior notice of our plans and giving them early warning to prepare against the Nigerian military, thus sabotaging the planned operations and putting the lives of troops in imminent and clear danger.
We would like to state that the invitation of those responsible for divulging military plans was done with the best of intention in order to make them realise the import of such acts to our national security.
We therefore advice all, particularly journalists, not to worry but engage in their responsive reportage and to be professional as the Nigerian Army has no intention of muzzling the press or jeopardising press freedom. We however, wish to enjoin further that they should eschew jeopardizing national security in their reportage. We would not tolerate situation where a publication would consistently side with terrorists and undermine our National institutions.
We wish to appeal to all, especially the media, to join hands with the Nigerian military and security forces to end terrorism and insurgency in Nigeria. We would like to further assure that the invitation is for further investigation and if need be, all those culpable of jeopardising operations security will be prosecuted by the relevant law enforcement agency.
You are please requested to disseminate this information to the public through your medium.
Thank you for your kind cooperation.
SANI KUKASHEKA USMAN
Brigadier General
Director Army Public Relations
Terrorism: Time for Introspection in the Media
By Philip Agbese
Where terrorism and the war against it is concerned, the mainstream media in Nigeria are competing on at least four fronts. These contests, while they may be seen as typifying a robust media that is unencumbered by censorship, are growing to become a serious threat to the country.
Media orgnizations are in a race among themselves to see who will dish out the goriest details, divulge the most military operational details, give the highest casualty figure, and of course be the first with the news – breaking news! The mainstream media have placed themselves neck to neck with bloggers, social and new media accounts in the race to see who delivers the most salacious occurrence about the cat and mouse between the military and Boko Haram terrorists not minding that they do not have the same legal challenges as their new found competition.
The international media are equally a competition for the local media that now try to outdo their foreign counterpart in reproducing anti-Nigerian Forces rhetoric. Add to that the more recent and certainly bizarre context between the media in Nigeria and international non-governmental organization that they want to outstrip in activism forgetting that with this practice goes their fairness, balance and objectivity, since they must necessarily take sides to do activism.
This unhealthy contest has manifested in media organizations dropping the ball in too many instances. Recent weeks has seen major newspapers reporting about plans by the military to carry out operations in Baga. A newspaper reported how the military was preparing a massive operation to retake Baga and other towns. The argument of whether Baga and the other towns are under Boko Haram control is subject to debate since the Army had clarified that these towns were not under terrorists’ control, but that is not so much the issue.
The concern here is whether it is appropriate to report in a manner that alerts the terrorists that the military will soon launch an attack on them. It is even more worrisome that the reports in question went on to give details of what battalions are mobilizing, where they were located and what areas they will likely carry out their operations in addition to, for the trained mind, hints about the military inventory being deployed.
It is logical to argue that Boko Haram terrorists would have, through their own intelligence gathering and fifth columnists in the military, learn about the deployment. This would imply that the reports announcing the impending military operations would not necessarily contain what the terrorists do not already know. But if this is the case one would question why these newspapers are not regaling their readers with news about Boko Haram’s planned attacks. The same crack investigative journalism skills that allowed the reporters and editors to quote unnamed “military sources” should naturally place them in position to quote unnamed Boko Haram sources.
News organizations have to ask themselves about the extent to which their reports form part of intelligence gathering for Boko Haram terrorists. It is amazing how media outlets rush to report the acquisition of new hardware with specifications that practically tell the terrorists how to counter the newly acquired capabilities. Again, the same organization do not report on delivery of new weapons to Boko Haram terrorists and by who.
Another worrisome development is the choice of words, expressions, terminologies and context. Because a more and more contents are being taken from foreign news wires and also from social media accounts, sometimes of persons with affiliation with terrorists, the copies that get published end up sounding like something edited by Abu Qaqa, or whoever is the current official spokesperson of Boko Haram. In other climes, groups that are attacking a country are properly designated to reflect their anti-state profile unlike the growing trend where even respectable media houses are beginning to accord Boko Haram the status of a sovereign nation going by the expressions used for reporting them. For instance, there is a sense of glee beneath the way many newspapers have reported the concept of terrorists levying residents of communities in the Lake Chad region. Conversely, the same outfits presents the Nigerian military as the occupation force.
An expected reaction to this piece, or anyone that questions this failure to respect the time honoured requirement not to report in a manner that compromises the nation’s military, is for some reactionaries to bring up about the freedoms guaranteed by democracy. A befitting answer to this is to draw attention to a piece by Judy Silverstein Gray in Poynter which stated that “While freedom of speech remains an inalienable right, issues of homeland security sometimes pose a challenge in war coverage. Military public affairs specialists often have to juggle getting the word out with homeland security threats.”
Peter Y. Sussman in an article, “Resolving Ethical Conflicts in Wartime” published by the Society of Professional Journalists, identified areas in which journalists should be asking questions before publishing a story in a war situation. These questions are tailored to “Assessing Our Motivation in Publishing or Suppressing Information or Graphics, Assessing the Government’s Motivation in Seeking Suppression, Assessing the Reliability of the Information, Balancing the Importance and Harm of Publication, and Considering Alternatives.” It is arguable if media organizations, local or international, bother about interrogating these issues anymore where Nigeria’s war on Boko Haram is concerned.
But given the potential for harm, it is time for a deep introspection in the media in Nigeria. Practitioners should begin to question why they have unwittingly, wittingly for some, become propaganda staff of Boko Haram in the way they do their jobs. It should take more than a desire to beat the competition, measure up to foreign news organizations, or be seen as outshining bloggers to reduce oneself into a full blown terrorist by conduct.
The prescribed introspection required that the media arrived at the understanding that rules of engagement are needed when reporting the war on terrorism. The rules must not just be framed and adopted, the media must adhere to whatever is agreed as their rules of engagement. The military does. The judiciary does. Even thieves and bandits do too. But hardly do one see journalists making the efforts to observe such even when the security of the country is at stake.
The media and its practitioners must realize that assuming the terrorists successfully destroy the Nigerian state, the media will be the next because a liberal media is an antithesis to the extreme beliefs held by Boko Haram terrorists. So the media will be saving more than Nigeria, it will be saving itself, if it presses a reset button that places the reporting the war on terrorism in proper perspective today