SEC, CBN, Pencom, NDIC Preach Financial Inclusion At Abuja Suburb

Photo Caption: Mrs Obiageli Okosi of the Micro Finance Department, National Pensions Commission (PenCom); Mrs Caroline Dokpesi, Senior Manager Market Development Department, Securities and Exchange Commission (SEC); Francis Okafor, Representative of the SEC Director-General , Ms. Mary Uduk; and Surajo Musa of PenCom’s Micro Finance Department, during the SEC Financial Inclusion outreach in Abuja on Thursday, June 21, 2018.




In line with their determination to achieve 80% financial inclusion rate by 2020, the Securities and Exchange Commission (SEC) on Thursday led officials of other financial services regulatory agencies in the country on a campaign to Kwali Area Council of Abuja.

The team enlightened people the residents who thronged the Council’s multipurpose hall, on the meaning and why they need to become integrated into the nation’s financial system.

The Acting Director-General of the commission, Ms. Mary Uduk, in her opening remarks, said the initiative would access to various products and services at affordable costs.

“I ‘d like to invite all of you who are yet to enroll for e-dividend (electronic dividend) to hurriedly approach your bankers/registrars to enable your dividends be electronically sent (transferred) to your account,” Uduk who was represented by Mr Frank Okafor an Assistant director in the commission added.

In a goodwill message on behalf of the Central Bank of Nigeria (CBN), Hilary Ewubor of the Strategy Coordination Office in its financial inclusion secretariat, assured participants that financial inclusion has direct link with economic growth and rural development.

He recalled how the CBN has been able to penetrate a larger number of the unbanked community through different intervention programmes as part of its financial inclusion drive.

Ewubor encouraged people at the grassroots to form cooperative societies to access the myriad of intervention funds available, including the Accelerated Agricultural Development Programme – an advanced Anchor Borrowers’ scheme, targeted at the youth.

He said as part of efforts to make the campaign an all-inclusive one, the CBN is opening banking halls, using NIPOST as agents in its bid to bring banking operations to rural dwellers.

Representative of the Nigeria Deposit Insurance Corporation (NDIC), Dr (Mrs) Hyeladzira Ochonogor, assured the people of security of their bank deposits and investments as they corporation provides deposits insurance as part of its core mandates.

She encouraged them to open bank accounts to take advantage of the products and services offered in today’s financial markets.

“Your money in the bank helps to grow the economy,” she added.