The CBN can approve the emergence of so many micro finance banks in Nigeria like license would soon be given to ELARHPOINT MICROFINANCE BANK
This kind of banks encourage opening of accounts through ussd programming and other facilities like websites and applications that can credit accounts with money in millions or billions dependent on collaterals like documentation of BVN and other details to showcase that CofO's are bonds of agreement to prove that accounts can get credit alerts of the requiste value.
Vote Yes to the CBN everytime a microfinance bank is about to be opened.
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