NIPOST Plans To Offer Banking Services

nipostThe Nigeria Postal Services, (NIPOST) may start offering banking services if the proposal of the Communications Minister, Mr Adebayo Shittu to President Muhammadu Buhari is approved.

The Minister has revealed that the President’s approval is being sought to establish a NIPOST bank, positioned to serve millions of Nigerians in the rural areas.

If President Buhari agrees, the new NIPOST bank may become Nigeria’s largest bank by branch network with 1,500 postal agencies across the country serving as financial services outposts.

The Minister said that President Buhari has asked the Attorney-General to look into the proposal to set up NIPOST bank, similar to the Japan’s Postbank, offering people-based financial services like bureau de change alongside postal services.

Ghana’s President Bans First Class Travel For Public Officials

GhanaGhana’s President, John Mahama, has banned public officials from first class air travel in a renewed effort to cut wasteful spending as the West African nation implements an IMF aid deal to revive state finances, the government said on Tuesday.

Ghana is preparing to hold presidential and parliamentary elections in 2016 and, with the opposition accusing government ministers of inflating contract sums, inappropriate spending will likely be a top campaign issue.

The presidency issued the directive this week asking all ministers and other top officials to avoid “unwarranted” foreign trips on the public purse, Communications Minister Edward Omane Boamah told Reuters.

Ghana, a major producer of cocoa, gold and oil, began a three-year program with the International Monetary Fund in April to fix its economy, which has been dogged by high deficits, a widening public debt and unstable local currency.

Finance Minister, Seth Terkper, told Reuters on Tuesday that the cabinet is also discussing a financial accountability bill which would impose penalties such as dismissal or jail time for public officials who are found to violate it.

“It is expected to be clear enough to enable the general public to see malfeasance if there is (any) and hold the agency involved accountable,” he added.

Chad Says Boko Haram Responsible For Bombs That Killed 27

Boko HaramAbout 27 people, including four suspected Boko Haram members have been killed and 100 others injured in two attacks in Chad’s capital, N’Djamena.

The attacks, which included at least one suicide bomb, are the first of their kind in Chad, an oil-producing nation and a major western ally which has spearheaded offensives on al Qaeda-linked groups in Mali and on Boko Haram in neighbouring Nigeria.

Chad’s Communications Minister, Mr. Hassan Bakari, in a state television broadcast said that Boko Haram is making a mistake by targeting Chad and will be chased out and neutralised wherever they are.

Mr. Bakari did not give further details but Interior Minister, Abderahim Bireme Hamid, said earlier that there had been at least one suicide attack at police headquarters.

Chad has lost dozens of soldiers fighting in northern Mali and in northern Nigeria.

The first known attack by Boko Haram on Chadian soil took place in February on the shores of Lake Chad and has been followed by a handful of other isolated incidents.