Day 1
Keynote Address
Payments System Transformation in Nigeria: Strategic Framework, Implementation, Achievements
& Challenges.
Public Presentation/Launching of the revised PSV2020 Strategy Document
Lead Speaker: Mallam Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria
This session gives the background of the Nigerian payments system; where we are coming from; where we are; where we want to be by year 2020. It will also highlight achievements, challenges and expectations from the Conference.
Plenary I:
Global Developments in the Payments System.
Session Chairman: Alh Suleiman Barau,
Deputy Governor (Corporate Services)/Coordinator, FSS2020 Central Bank of Nigeria 10 Minutes
Speaker:
 Global Review 30 minutes
Ceu Pereira, World Bank
The past decades has seen tremendous changes in the global payments landscape with CPSS-IOSCO setting the standards while operators bring new product, services and innovations into the industry. This session is expected to cover amongst others, the CPSS general guidance on payments system development, overview of new and emerging payment products and services, risk and regulatory issues arising from the new products, capitalizing on new opportunities, what has worked and what hasn’t worked?, market outlook: where is the payments industry headed?
Panelists:
 Government Perspective
Ade Ayeyemi, Head, Citi Africa Treasury and Trade Solutions, CitiBank 10 minutes
The panelist is expected to cover, amongst others, the developments in respect of new and emerging payment products and services rendered to government for inflows and outflows, risk issues and mitigants, impact of government payments on the payments industry, what is the global trend in government payments?
Mitchell Elegbe, Managing Director, Interswitch
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10 minutes

The panelist is expected to speak on the developments in respect of new and emerging payment products and services rendered by EFT Switches and Payments Service Providers to all their customers, risk issues and mitigants, market outlook: where is the payments industry headed?, and other areas
 Corporate Perspective
Wilco Dado, MD, treasury Services, EMEA Head of Cash Management, JPMorgan 10 Minutes
The panelist is expected to cover amongst others, the overview of new and emerging payment products and services rendered to corporate organizations for inflows and outflows, risk issues and mitigants, impact of corporate payments on the payments industry, what is the global trend in corporate payments?
Godwin Emefiele, MD, Zenith Bank 10 minutes
The panelist is expected to speak on the overview of new and emerging payment products and services rendered by Nigerian banks to all their customers, risk issues and mitigants, market outlook: where is the payments industry headed?, and other areas.
 Consumer Perspective
Daniel Monehin, Division President, Sub-Saharan Africa, MasterCard 10 minutes
The speaker is expected to cover amongst others, the overview of new and emerging payment products and services rendered to retail customers for inflows and outflows, risk issues and mitigants, impact of retail customer payments on the payments industry, what is the global trend in corporate payments?
Ade Ashaye, Country Director, Sub-Saharan Africa, Visa Incorporated 10 minutes
The speaker is expected to cover amongst others, developments in respect of new and emerging payment products and services rendered to retail customers for inflows and outflows, risk issues and mitigants, impact of retail customer payments on the payments industry, what is the global trend in corporate payments?
Breakout Sessions
 Mobile Money and Telcos Regulation
M.I. Jimoh, Central Bank of Nigeria
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This session is expected to discuss, amongst others, best practices and strategies for encouraging wide spread adoption of mobile payments, incorporating other value-added services into mobile wallets, how the telecoms are impacting the mobile payments landscape, near field communication (NFC) implementation issues
 Nigerian Payments System: Investment Opportunities
Agada Apochi, MD/CEO, Unified Payments Services Limited
This session is expected to discuss, amongst others, various investment opportunities in the Nigerian payment industry, incentives for new entrants into the payments space, connectivity to all banks through
Nigerian Central Switch, assessment of regulatory requirements and ease of entry into the industry, etc.
 Compliance Services on financial crime: SWIFT’s offering
Onizuka Michimaru, SWIFT, Brussels, Belgium
This session is expected to discuss, amongst others, SWIFT’s current involvement in the financial community in the area of compliance with a focus on financial crime. It would consider SWIFT current offers of three financial crime compliance services: Sanctions screening, Sanctions testing and
Relationship Management Application (RMA) and how SWIFT will support the ongoing Nigerian
Payments System transformation.
 Effective Governance in Financial Market Infrastructures (FMIs)
Bola Onadele, MD/CEO, FDHL Group
During the last review of Nigerian Financial Infrastructure against the core principles for FMIS, compliance with the governance principle was very low. Therefore, this session is expected to discuss, amongst others, key considerations for effective governance, strategy for ensuring compliance with the BIS core principle on governance.
 e-Payment Infrastructure & Cash-less Nigeria
Deremi Atanda, ED, SystemSpecs
This session is expected to discuss, amongst others, infrastructural issues hindering the success of cashless Nigeria, such as power, epileptic network, internet bandwidth, etc and recommend a strategy for addressing all the issues.
 Public Sectors Partnership in e-Payment System
Niyi Otunla, Accountant General of the Federation
This session is expected to discuss, amongst others, how the partnership between public sector and private sector will work effectively in driving the adoption of e-payment by conviction rather by compulsion. This should include current issues in government payments (e-payment, e-collections and payroll) and ways of resolving them. The AGF is expected to lead discussion on this, through a 10-15mins
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PowerPoint presentation to set the tune for the discussion. There is a maximum of 1hr for this breakout session. In the end, the position of the group would be summarized and presented to the general House in 5 minutes.
Plenary II:
Payments System Lessons From Other Countries:
Session Chairman: Dr. Sarah Alade,
Deputy Governor (Economic Policy), Central Bank of Nigeria 10 minutes
Speakers:
 SEPA –
Wilco Dado, MD, Treasury Services, EMEA Head of Cash Management, JPMorgan 15 minutes
 Portugal
Pedro Hipolito, General Manager, SIBS International, Portugal 15 minutes
 China/Hong Kong
Ken So, ED, Industrial and Commercial Bank of China, Hong Kong 15 minutes
Many countries have witnessed successful transformation programme in their Payments System through introduction of new initiatives, policies, and infrastructural developments, amongst others. This session therefore is expected to cover learning points and strategy used to increase the efficiency, safety, and reliability of their payments system.
Panelists:
 Peter Green (CEO, Transaction Banking, UK) 10 minutes
The Panelist is expected to speak on the learning points and strategy adopted by United Kingdom and assesses the implications of their adoption in the Nigerian Payments Industry.
 Paul Whitmore (Quality Assurance Expert, RTGS) 10 minutes
The Panelist is expected to speak on the learning points in respect of large value payments system adopted by the selected countries and assesses the implications of their adoption in the Nigerian
Payments Industry.
 Segun Agbaje (M.D., GTBank) 10 minutes
The Panelist is expected to speak on the learning points and strategy adopted by Portugal, and assesses the implications of their adoption in the Nigerian Payments Industry.
 Bola Adesola (MD, Standard Chartered Bank) 10 minutes
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The Panelist is expected to speak on the learning points and strategy adopted by selected countries with efficient payment system and assesses the implications of their adoption in the Nigerian Payments
Industry.
Conference Day 2
Registration
Plenary III:
Legal and Regulatory Framework in e-Payments Environment
Session Chairman:
 Dr. Kingsley C. Moghalu,
Deputy Governor, Financial Systems Stability (FSS), CBN
Speaker:
 Dr. Kanyinsola Ajayi (SAN) 20 minutes
10 minutes
This session is expected to discuss, amongst others, analysis of existing laws as they relate to emerging payment systems, efficacy of existing regulations, many of which were written without emerging payment systems in mind, consumer protection concerns raised by emerging e-payment systems, how federal and state laws will ensure that consumers are adequately protected, the need for payments system Act, what will the legal and regulatory landscape for emerging payment systems look like in the near future,
Panelists:
 Senator Isa Mohammed Galaudu 10 minutes
Vice Chairman, Senate Committee, (Banking, Insurance and other Financial Institutions)
The Panelist is expected to speak on the need for Payments System Act and the processes for facilitating its enactment.
 Hon. Chukwudi Jones Onyereri, 10 minutes
Chairman, House Committee (Banking and Currency)
The Panelist is expected to speak on what will the legal and regulatory landscape for emerging payment systems look like in the near future, from the Nigeria point of view.
 S. M. Onekutu, 10 minutes
Director Legal Services, Central Bank of Nigeria
The Panelist is expected to speak on the efficacy of existing regulations, many of which were written without emerging payment systems in mind,
 Hairat Balogun, 10 minutes
CEO, Liberal Law Office, Lagos
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The Panelist is expected to speak on the consumer protection concerns raised by emerging e-payment systems, how federal and state laws will ensure that consumers are adequately protected,
Break-out Sessions – The Impact of e-Payment on:
 Agriculture
Walter Ahrey, CBN
This session is expected to discuss, amongst others, strategy for encouraging the use of e-payment channels in Agric sector, issues and challenges that will militate against the adoption of e-payments in
Agric sector and recommend possible ways of addressing them.
 Smart Cities (Eko Atlantic)
Chioma Nkechika, Zenith Bank
This session is expected to discuss, amongst others, strategy for encouraging the use of e-payment channels in Smart cities, issues and challenges that will militate against the adoption of e-payments in
Smart cities and recommend possible ways of addressing them.
 Hotels and Entertainment
Demola Igbalajobi, SystemSpecs
This session is expected to discuss, amongst others, strategy for encouraging the use of e-payment channels in Hotels and Entertainment sector, issues and challenges that could militate against the adoption of e-payments in Hotels and Entertainment sector and recommend possible ways of addressing them.
 Transport
Niyi Ajao, ED, Nigeria Inter-Bank Settlement System (NIBSS)
This session is expected to discuss, amongst others, strategy for encouraging the use of e-payment channels in Transport sector, issues and challenges that could militate against the adoption of epayments in Transport sector and recommend possible ways of addressing them.
 Health and Education
Ade Shonubi, MD Nigeria Inter-Bank Settlement System (NIBSS)
Edafe Omojughare, Diamond Bank
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This session is expected to discuss, amongst others, strategy for encouraging the use of e-payment channels in Health and Education sector, issues and challenges that could militate against the adoption of e-payments in Health and Education sector and recommend possible ways of addressing them.
 Bill Presentment
Emmanuel Umukoro, CitiBank
This session is expected to discuss, amongst others, strategy for encouraging the use of electronic bills payment, issues and challenges that could militate against the adoption of direct debits and recommend possible ways of addressing them.
Plenary IV: i.
Delivering Financial Inclusion through e-Payments in Nigeria ii.
Strategies for Managing Frauds in an Emerging Payments Market in Nigeria iii.
Enhancing the Payments System through FSS2020
Session Chairman:
Mr Tunde Lemo,
Deputy Governor (Operations), Central Bank of Nigeria.
Speakers:
10 minutes i.
Modupe Ladipo, CEO, Enhancing Financial Innovations and Access (EFInA) 15 minutes
In the past few years, a lot of efforts were geared towards delivering financial inclusion in the global payments landscape. This session is expected to cover amongst others, the overview of new and emerging e-payment products and services used in encouraging financial inclusion, issues arising from the new products, incentive schemes for the unbanked, what has worked and what hasn’t worked?, market outlook: where is the payments industry headed with respect to financial inclusion
The speaker is expected to cover amongst others, the overview of new and emerging e-payment products and services used in Nigeria to encourage financial inclusion, issues arising from the new products, new strategy for delivering financial inclusion in Nigeria, what has worked and what hasn’t worked?, market outlook: where is the payments industry headed with respect to financial inclusion in Nigeria? ii.
Christabel Onyejekwe, ED, Nigeria Inter-Bank Settlement System 15 minutes
With Nigeria’s steady migration towards e-payments, e-Fraud attempts have significantly increased and are expected to continually do so. As e-Fraud cannot be eliminated and has no ‘one-time’ solution, efforts must be put in place to continuously and proactively manage frauds. Consequently, the speaker will describe the incidences of frauds in the Nigerian payments space, with emphasis on e-frauds. In addition, mitigation strategies as well as tools in place in the industry will also be discussed.
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iii.
Muibat Ijaiya, Director, BSC Strategy, UK 15 minutes
The Financial System Strategy, developed as a part of Nigeria’s Vision 20:2020, is aimed at strengthening and deepening the domestic financial market, integrating the domestic financial market with the external financial market and engineering the evolution of IFC. A key component of achieving this Vision, is the
Payments Strand of the FSS2020 – the Payments System Vision 2020, which aims to create a Payments
System that is ‘Nationally Utilised and internationally Recognised.” This speaker will talk about the ways in which the FSS2020 programme and its successful implementation, would bring about the betterment of the Nigerian payments space, thereby leading to the achievement of the country’s larger economic growth objectives.
Panelists:
Ceu Pereira (World Bank) 10 minutes
The speaker is expected to cover amongst others, general guidance on delivering financial inclusion in emerging economies.
Jay Alabraba (Co-founder Pagatech) 10 minutes
The speaker is expected to cover amongst others, issues, challenges and way forward on the use of mobile money as a channel for achieving financial inclusion.
Paul Eluhaiwe (Director DFD,CBN), 10 minutes
The speaker is expected to cover amongst others, policies and regulatory incentives towards achieving financial inclusion as well as strategies for ‘banking the unbanked.’
Aigboje Aig-Imoukhuede (MD, Access Bank) 10 minutes
The speaker is expected to cover amongst others, the strategies adopted by the financial services industry in mitigating e-frauds.
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