NIPOST part­ners Key­stone, LAPO Mi­cro­fi­nance banks on agent bank­ing

Daily Trust - - BUSINESS - From Us­man A. Bello, Benin

The Benin Zone of the Nige­ria Postal Ser­vice (NIPOST), said it is part­ner­ing with Key­stone Bank and LAPO Mi­cro­fi­nance Bank on agent bank­ing as part of ef­fort to en­sure fi­nan­cial in­clu­sion in its area of op­er­a­tion.

NIPOST Benin Zonal Man­ager, Abubakar Dan­lami, dis­closed this while speak­ing with jour­nal­ists shortly after pre­sent­ing award to four of its cus­tomers for ex­cep­tional pa­tron­age as part of ac­tiv­i­ties mark­ing the World Postal Day.

“We have gone into agent bank­ing be­cause of the cen­tral Bank of Nige­ria (CBN) pol­icy of fi­nan­cial in­clu­sion. More than 55 per­cent of Nige­ria can­not ac­cess bank­ing ser­vices in the coun­try, so with NIOST spread all over the coun­try we can re­duce that,”.

“In Benin zone, we have been able to col­lab­o­rate with Key­stone Bank to in­stall two ATM ma­chines at Sabogida-Ora, so that peo­ple can ac­cess bank­ing ser­vice and that is the fi­nan­cial in­clu­sion that we are talk­ing about,” he said.

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