Good People, this is a note from MTN Nigeria Mobile Money. I am sharing it as I posted here when the news broke. The good news is that the banks are reversing the transactions. No customer money was ever lost and everything is fine.
To the CEO of MoMo, Usoro Anthony Usoro, I want to commend you for co-building one of the fastest growing financial products in the history of Africa. MTN’s Q1 2020 showed the giant at a consolidated level processed $60 billion through its financial technology platforms; a big chunk of that is from Nigeria.
Usoro, you have done really well. By 2025, you may be running the largest financial service business that does not have a bank license in Nigeria! Keep winning for MTN, Nigeria and Africa.
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(Disclosure: Usoro used to be my “boy” [he is a really big man now, lol] – we rode together in a car for two years in Diamond Bank ITGroup. He remains one of the finest strategists and visionaries in the Nigerian corporate world. I gave him the nickname “OCP” because he understood everything like an Oracle database. Give him an assignment, go home and sleep; brilliant.)
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