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Paga Surpasses Paypal, First Bank as Nigeria’s Mobile King

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Paga hits 5 million users

Nigeria’s largest mobile money service, Paga, reached a new milestone on Wednesday when its users hit 5 million. The highest among any of the 21 Nigeria mobile money services.

The mobile money service provider is the single largest network of financial access points in Nigeria with over 10,000 agents and reportedly processed US$1 billion between January 2012 and June 2015.

In the last 12 months, Paga has processed over US$800 million by doing mainly money transfers, unlike early days when bill payments form the bulk of its primary transaction set.

Last month, the mobile giant reached 900,000 active users and estimated to hit 1 million active users by the end of the fourth quarter of 2016.

“There are not many financial institutions in Nigeria who have 1 million active users,” said Tayo Oviosu, the Chief Executive Officer and Founder of Paga.

This includes First Bank’s First Monie that has about two million subscribers and eTranzact’s Pocket Moni.

In July, PayPal lauded Nigeria as its third largest mobile shopper worldwide and estimated that about $819 million will be processed this year, more than $610 million recorded last year.

This, PayPal attributed to Nigerian growing online shoppers and the realization of how easy it is to shop across the globe via mobile devices.

According to Tayo Oviosu, this is key to Paga’s future growth.

“The ability to send money P2P and to pay businesses (online and offline) will be the major driver of our growth in this phase of our history,” Oviosu wrote in a Medium post.

Presently, Paga is the fastest growing mobile money service in Africa and one of the fastest in the world. While M-Pesa remains the largest mobile money service in Africa, the size of Nigerian market (180 million population) gave Paga the edge going forward.

One of the reasons, the company has gained over 2 million users in the last 14 months and projected by Investors King Ltd to reach 10 million user base by the end of 2018, if it successfully partner local banks by helping them bring their services to the mass market using its over 10,000 agents and simultaneously reaching wider audience through this one-stop concept.

“Our goal, as a full service payments business, is to solve the payment needs for all sizes of merchants (without competing with them), and making it easy for consumers to send money to other people or pay for goods and services,” Oviosu said.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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2022 Access Bank Lagos City Marathon Registration To Start Nov 1

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Organisers of the 2022 Access Bank Lagos City Marathon have set the official registration date to the 1st of November, 2021.

The Head of Communication and Media for the Access Bank Lagos City Marathon, Mr. Olukayode Thomas, affirmed that the registration process and date for the 2022 race have been confirmed.

“Any interested participants in the Feb. 12, 2022 race will have the chance to register online or by picking hard copy forms at the Marathon Office inside the Teslim Balogun Stadium.

“The forms for the 2022 race will also be made available in selected Access Bank branches.

“Unlike the last edition which was restricted to only elite runners, the 2022 race will be open to all, including fun runners in the 10-km category,” he said.

Mr. Thomas explained that across the world, road races had since returned to full capacity after the initial reduction in the number of participants and outright cancellations occasioned by the coronavirus pandemic.

“We are back to full capacity just like the other top races across the world.

“With the return of the 10-km fun run, we should be having between 80,000 and 100,000 participants at the seventh edition of our yearly race.

“Already seen as the biggest one-day event on the continent, the Access Bank Lagos City Marathon is set to become the first marathon in Nigeria to organize the 7th edition.

“Access Bank Lagos City Marathon is also the first race to win a World Athletics Bronze Label in Africa after two editions and the first in the world to win the prestigious Silver Label after four editions,” he said.

Thomas stated that the race ranks among the top 10 in the world and in terms of the number of participants, the Lagos race is proudly among the top five in the world.

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Kanu Appears in Court, Pleads Not Guilty to Seven Count Charges

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Nnamdi Kanu

Nnamdi Kanu, the leader of the Indigenous People of Biafra, IPOB, earlier today pleaded not guilty to the seven-count amended charge the Federal Government preferred against him.

Kanu, who was docked before trial Justice Binta Nyako, said he was innocent of all the allegations FG levelled against him after the charge was read to him in the open court.

His re-arraignment came on day the Department of State Services, DSS, blatantly refused to allow even a single journalist inside the courtroom.

Though this reporter and six other journalists were initially cleared at the main gate of the court to enter the premises, upon his arrival at the door leading to the courtroom, arm-wielding operatives of the secret service denied him entry.

The operatives insisted their action was based on “order from above”.

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Francis Megwa, an Inexperience Nigerian Doctor, Faces Panel in Ireland for Poor Professional Performance

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Francis Megwa, an inexperienced Nigerian doctor, described as ‘knowing next to nothing’ by doctors at University Maternity Hospital Limerick (UMHL) is facing the Irish medical panel for poor professional performance.

Dr. Megwa, who was fired by University Maternity Hospital Limerick (UMHL) for lacking basic medical knowledge claims he had always made the hospital authorities aware of his lack of experience.

Dr Francis Megwa told a medical inquiry that the panel who interviewed him for the job of senior house officer (SHO) at UMHL in April 2018 knew about his limitations but he still believed he was expected to improve “in days rather than months”.

A hearing of the Irish Medical Council’s fitness to practise (FTP) committee was informed that Dr Megwa had never worked in a paid role in a hospital since qualifying as a doctor in Romania in 2015.

“This was the level of experience I had before taking up the job which they knew,” Dr Megwa said.

A consultant gynaecologist and obstetrician who interviewed Dr Megwa for his post at UMHL in April 2018, Mendinaro Imcha, admitted the recruitment process could have been better but stated it had improved since the hospital had hired him.

The Nigerian-born doctor, who was placed on call on his first day in the job, is facing two charges of poor professional performance over his time working at UMHL between July 9, 2018, and August 14, 2018.

The IMC claims he failed to demonstrate basic competency in taking a patient’s clinical history, in diagnosing symptoms, inserting cannulas, and in prescribing common medication.

He is also charged with being unable to give a clear history about a pregnant woman who had presented at UMHL with vaginal bleeding or estimate her level of blood loss as well as failing to recommend appropriate treatment for her.

The inquiry heard earlier evidence from witnesses that Dr Megwa knew “near nothing”, was unable to take blood samples, and had to ask what an obstetrician was.

He was accused of incorrectly diagnosing the woman who was 35 weeks pregnant with a condition associated with the first weeks of pregnancy when she was actually suffering from a potential emergency complication.

The inquiry heard Dr Megwa had described working as a SHO with the Royal Infirmary of Edinburgh Scotland because he felt it was the “most appropriate term”.

Dr Imcha said his CV stated he had previous work experience as an SHO and had completed an internship at his medical school in Romania.

He was also registered with the Irish Medical Council (IMC) and had an EU medical qualification.

The FTP committee heard Dr Megwa had been ranked fourth out of five candidates on a panel to fill vacant SHO posts at UMHL.

He had been scored 55 out of 100 for his medical and diagnostic skills, 60 out of 100 for decision-making and initiative, and 70 out of 100 for communication and personal skills.

The interview panel had noted Dr Megwa was “short of experience but eager to work and learn”.

A member of the FTP committee, Veronica Larkin, said there appeared to be “a big mismatch” between the marks scored by Dr Megwa and his subsequent work performance.

Dr Imcha admitted she was “surprised and worried” when she was alerted within a few days of Dr Megwa taking up his post about problems with his performance, although she still wanted to give him a chance.

However, Dr Imcha said a decision was taken to assess the SHO’s competence after she was notified that his performance had not improved and other staff remained concerned about his treatment of patients.

Dr Imcha recalled how Dr Megwa, who had already been given an oral warning, struggled to answer questions based on what a final-year medical student should know, while she was also concerned that he was unable to specify the speciality he had done during his internship.

The consultant said she had made a complaint to the IMC about Dr Megwa as he lacked the basic knowledge expected of someone who had been to medical school for five or six years and completed an internship.

“We felt it may not be safe for him to continue,” she recalled.

Dr Imcha said she was unaware that Dr Megwa complained that he was shaking and panting with nerves during his assessment meeting.

Dr Megwa said he had learnt to take blood and fit cannulas after just a few days working at the hospital but claimed the only people who really helped him at UMHL were his fellow SHOs.

The hearing was adjourned until a future date.

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