Now Reading:

CBN Directs Banks to Render Daily Returns on Shared Agency Network Expansion Fund Initiative

Regulators	3206 VIEWS
Regulators
3206 VIEWS

Thursday, July 05, 2018 6:35PM /CBN

Pursuant to the decision of the Bankers‘Committee to adopt and implement the Shared Agency Network Expansion Fund initiative by the Banking Industry, aimed at accelerating the Bank’s financial inclusion program, the Bank hereby issues this regulatory requirement for data rendition for effective monitoring and evaluation purposes.

All banks (including Microfinance Banks and Primary Mortgage Institutions) that appoint/have agents, Mobile Money Operators and Licensed Super Agents are hereby directed to render daily returns, through the Nigeria Inter-Bank Settlement System (NIBSS) Plc, to the Central Bank of Nigeria, in the mode and template prescribed by NIBSS. The transaction data is required daily, so as to plot the growth and type of services being offered across the country.

The information, as indicated in the attached template shall be made available to NIBSS on a daily basis with effect from July 10, 2018. For further information on the reporting requirements and the mode of submission, please contact conyeiekwe@nibss-plc.com.ng and/or bodude@nibss-pic.com.ng.

Please note that failure to comply with this directive may lead to the revocation of your operating licence.

Proshare Nigeria Pvt. Ltd.

Agent Manager Data Template

Agent Manager Name		Registered Name for Agent Manager
Agent Manager ID		Unique ID To be assigned by NIBSS
Agent Manager e-mail Address		Contact Email Address for Agent Manager
Agent Manager BVN		BVN for Principal official representing Agent Manager
Agent Manager Phone Number		Contact Phone Number for Agent Manage
Agent Manager	Street Number	Information on Agent Managers Operational address
Contact	City	Information on Agent Managers Operational
Address	LGA	Information on Agent Managers Operational address
	State	Information on Agent Managers Operational address
Agent Manager Bank Code
Additional Info 1		Bank Code for agent Manager
Additional Info 2

Agent Data Collection Template

Fields	Description

Agent ID	Agents Unique Identification number on Agent
Managers records

AGENT NAME	Name / Business Name for Agent
BVN	Agent BVN
STATE	Information on Agents Operational address
LGA	Information on Agents Operational address
WARD	Information on Agents Operational address
AGENT ADDRESS	Agents Full Operational Address
AGENT E-MAIL ADDRESS	Contact Email Address for Agent
AGENT PHONE NUMBER	Contact Phone number for Agent
GPS Lat	GPS coordinates for Agents Operational Address
GPS Long	GPS coordinates for Agents Operational Address