Nigeria: Mainstreet Bank to Kick-Start Agent Banking

17 February 2013

As stakeholders in the banking sector begin the mobilisation for the take-off of agent banking in various parts of the country, following the release of the guidelines for new regime of banking by the Central Bank of Nigeria (CBN), the management of Mainstreet Bank Limited said at the weekend it is set to commence Agent Banking to deepen its alignment with CBN's financial inclusion strategy and to enhance the penetration of its banking services to the un-banked public in a cost effective manner.

In a statement issued by the bank, the Executive Director, Operations & IT, Anogwi Anyanwu, said that the bank has put in place a roadmap and commenced the process of engaging potential partner agents as well as capable service providers.

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