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Apex bank approves two new super agents for distribution of banking services

folarin okunola

April 11, 2016 12:03 PM

This was announced at the 326th Bankers Committee meeting on Thursday, April 7, 2016, in Lagos

Central Bank Governor Godwin Emefiele speaks at the monthly MPC meeting in Abuja, Nigeria, September 22, 2015. REUTERS/Afolabi Sotunde

Mrs. Tokunbo Martins, director, Banking Supervision at the Central Bank of Nigeria (CBN), has announced that the bank has approved two super agents to distribute banking services at cheaper prices.

Martins made the disclosure at the 326th Bankers Committee Meeting on Thursday, April 7, 2016, in Lagos, stating that the approval was part of CBN’s agency banking policy.

READ: Newly-formed mobile money agents association aims to register 10m accounts

She said the super agents who would recruit other agents were expected to carry banking services to the nooks and crannies of the country at affordable prices to the general populace.

Martins also revealed that a youth entrepreneurship development programme was launched in March, targeted at 10,000 youths with focus on various sectors such as agriculture, manufacturing, ICT and cottage industries.

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