6 Ways to Thrive In Recession

Recessions are always dreaded because of the cost implications and spill over effect it has on the economy, businesses and individuals, which alters their behaviours. It is a time of increased level of unemployment; decrease in real GDP, Increase in prices (inflation), depreciation of currency etc.  Although it is a tough situation, there are still people who thrive in recessions and there are opportunities for building and creating wealth. This post will share 6 ways to act differently during a…

When the history of mobile payments is written- Fortis Mobile Money Nigeria

When the history of mobile payments is written,it is worth recognizing the efforts of a small team at Fortis Mobile Money,working against a near-impossible deadline with an incredibly challenging set of requirements. In years to come, as our children pay with the latest computing device without a second thought, it is likely this group will have played an important part..…

ANTI – MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM (AML/CFT)

PART 2: INTRODUCTION Placement (placement, moving the funds from direct association with the crime) is the first stage in money laundering where the cash proceeds of criminal activity enter into the financial system. This is most critical stage for any money launderer as the criminal can effectively mask his ‘dirty’ funds by commingling ( The term commingling is most often applied to funds or assets. Where funds are mixed or blended) his ‘clean’ funds and create an aura of legitimacy. Examples…

What is money laundering?

 What is Money Laundering? INTRODUCTION : PART ONE The Three Stages in Money Laundering Money Laundering is the process of taking ‘dirty’ funds and converting it into ‘clean’ funds. ‘Dirty funds’ are criminally-derived proceeds which are then converted into other assets so that they can be reintroduced into legitimate commerce in order to conceal their true origin or ownership – ‘clean funds’ Money laundering can’t happen without banks being involved somewhere within the three stages. Since they are our first…

Mobile Money: 10 Things You Need to Know about mobile money in nigera

Mobile Money is a fast-moving space, and a lot happened in 2016. For those of you looking to catch up, here is our list of 10 things you need to know about mobile money in nigeria. 1. It’s not only about Kenya: With 93% of the adult population registered for M-Pesa and 60% actively using the service (more than 11.6 million people), M-Pesa continues to impress (and deserves much of the attention it gets). However, developments in other markets prove…

Forbes Greatest Quote of Money – Fortis Mobile Money Nigeria.

Great quotes encapsulate big ideas in few words. They inspire, motivate, and encourage in a memorable way. On my podcast, I cover all aspects of building wealth, including interviewing authors, investors, and business owners who have achieved great success. In that spirit, I’ve assembled the top 100 quotes about money. Too many people spend money they earned..to buy things they don’t want..to impress people that they don’t like. –Will Rogers A wise person should have money in their head, but…

The Rise And Reign Of Mobile Money

The Rise And Reign Of Mobile Money Mobile Money transactions are not just rising but now reigning in Nigeria after a very slow start due to inability to fully comprehend the scheme, lack of technology by those licensed to operate it and low level of the awareness by the public. There are now well over 20 licensed mobile payment services providers in Nigeria, comprising banks and companies established for this purpose under the 2009 Regulatory Framework for Mobile Money transactions…

Fortis Mobile Money rewards over 100 best agents Read more at http://www.dailytrust.com.ng/news/city-news/fortis-mobile-money-rewards-over-100-best-agents/121991.html#bLwzOv1zQbxp8wja.99

Over 100 outstanding agents of the Fortis Mobile Money were yesterday in Abuja rewarded with different awards. The event, which was attended by the directors of the bank, also had in attendance relatives of the lucky agents, while outstanding staff of the bank were also honoured. Speaking at the award ceremony, Mr. Jero Omare-Ogah, the Managing Director of Fortis Mobile Money, said the agents were recognized for their exceptional performances within the period under review, adding that such gesture would…