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Kayi KMC Launches Micro Finance Headquarters in Kano, Aims for Global Reach

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Emir of Bichi,Kano and Saadina Dantata during the launch

Kano, Nigeria – The launch of the Kayi KMC Micro Finance application in Kano has marked a significant milestone in the financial technology sector. The innovative technology, designed to safeguard people’s deposits, is gaining momentum both locally and globally.

Speaking at the launch event, Saadina Dantata, the driving force behind Kayi KMC Micro Finance, emphasized the application’s core mission of protecting individuals’ savings. The wallet boasts robust security features, functioning as a second layer of protection. It seamlessly integrates with financial institutions worldwide, ensuring users’ financial security.

Dantata highlighted the versatility of the application, enabling users to purchase items such as recharge cards, data plans, and pay electricity bills. Additionally, it provides a platform for trading in various financial assets, including silver and commodities. Notably, Kayi KMC has acquired a significant stake, owning 50 percent of the company.

The impact of the Kayi KMC Micro Finance application extends far beyond Nigeria, with users worldwide numbering a staggering 33 million and counting. The global community’s interest reflects the growing demand for secure and efficient financial technology solutions.

Emir of Bichi, Nasiru Ado Bayero, spoke at the launch, expressing his belief that Kayi KMC would contribute to reducing crime rates. He recognized the necessity of such financial innovations, particularly in the context of current economic challenges.

Meanwhile, Emir of Kano, Aminu Ado Bayero, acknowledged the application’s potential to counteract financial decline and highlighted the remarkable successes achieved by the global economy. He emphasized the urgency of introducing such innovations in Kano and its surrounding regions, underscoring the significance of Kayi KMC’s efforts.

Abdulganiyu Rufai Yakubu, the product lead for Kayi KMC, shared insights into the application’s capabilities. He stated that Kayi KMC transcends conventional internet services, offering a broader spectrum of services, including insurance and healthcare. Furthermore, the application’s adaptability enables its operation in remote and underserved communities. The company’s ambitious goal is to extend its reach across the entire African continent, starting from Kano and expanding to four Northern states. Their vision includes making financial inclusion accessible to all Nigerians.

The launch of Kayi KMC Micro Finance has set a course for financial empowerment, security, and accessibility, not only for Kano but also for the broader Nigerian and African population.

 

A New Era in Financial Innovation Begins”
KMC-KAYI Bank stands as a trailblazing financial institution headquartered in Kano, Nigeria,
with a resolute mission to reshape the financial landscape through innovative and secure digital
banking solutions. This visionary digital bank is deeply committed to augmenting financial
accessibility, fortifying security, and embracing a customer-centric ethos.
During his inaugural address, the Managing Director of KMC-KAYI Bank articulated that the
bank signifies more than just a financial entity; it embodies a catalyst for change, a gateway to
empowerment, and an emblem of security, agility, and customer contentment.
Addressing the unique features of KMC-KAYI Bank, Abdulganiyu Rufai, the Product Lead,
expounded, “At KMC-KAYI Bank, we harness the formidable potentials of web3 technologies to
fashion a seamlessly secure financial ecosystem. Our integration with top-tier cybersecurity
solutions guarantees the safeguarding of financial transactions against potential threats.”
“In the contemporary world, characterized by relentless swiftness, speed is of paramount
importance. Our cutting-edge ML server architecture empowers us to facilitate lightning-fast
transactions, enabling you to send and receive money with unmatched speed and unwavering
reliability,” emphasized Dr. Rufai.
Furthermore, Alhaji Saadina Dantata, Chairman of KMC-KAYI Bank, elaborated, “KMC-KAYI
Bank is poised to redefine modern banking by offering a comprehensive array of services.
Ranging from stock investments and insurance to loan facilities and a savings structure with an
exceptional return on investment, we cater to all your financial requisites under one roof.”
Dantata further expounded, “Our journey commences with inclusivity, targeting the unbanked
and underbanked segments of society, thereby ensuring access to financial services that were
hitherto out of reach. We also extend our services to the diaspora community, proffering cuttingedge cross-border payment solutions and supplying contemporary banking solutions for urban
professionals.”
The official opening of KMC-KAYI Bank was graced by the presence of esteemed dignitaries,
including His Royal Highness, The Emir of Kano, Alhaji Aminu Bayero, OFR, SP, who delivered
a heartfelt address said that He wished KMC KAYI well and assurred them of his full support
and that of the Emirate .
His Royal Highness also said “I am very optimists it will contribute immensely to the economic
and social well being of our people” before officially inaugurating KMC-KAYI Bank.
Also in attendance was His Royal Highness Mai Martaba Sarkin Bichi, Alhaji Nasiru Ado Bayero,
and he showed his excitement about the KMC-KAYI Bank , he explained that this platform will
help the people in terms of running their business, receiving payments and also an avenue for
creating job opportunities to the Kano population.
Kano State Elder Statesman and legendary Businessman, Maigirma Alhaji Aminu Alhassan
Dantata who was represented by Alhaji Tajudeen Dantata mentioned that “This a great.development for the people of kano and Nigeria at large, he called on his fellow business ment o accept KMC KAYI”

Recall that last week in Abuja, the Minister of Communications, Innovation and Digital Economy,
Dr. Bosun Tijani unveiled the Kayi App, promoted by KMC-KAYI Bank, which envisions a future where finance is not just accessible but also transformational.
The Kayi App is committed to enhancing financial inclusion through a customer-centric approach. Local agents are onboarding customers, promoting transactions, and boosting financial literacy. Next up: the launch of our efficient web app, followed by the mobile app release for an enhanced customer experience.

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Group distributes cash, agro-inputs to indigents in Nangere

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From Ibraheem Abdu

A group under the auspices Rural Health Mission Nigerian, has distributed cash assistance to and agro-inputs to over 130 indigents in Nangere local government of Yobe state as part of the group’s citizens development initiative move to encourage self-reliance among communities.

Speaking during the venet, team lead of the group Muhammad Ahmad Saddiq stated that the group with head office in Gombe State is in Yobe state to render assistance and also to encourage people to self reliant.

He added that those that benefited from the support included 50 pregnant women that were given N40,000 each and maternity delivery kits were also given to them free adding that 15 people with special needs had received N50,000 each.

He further revealed that 15 elderly people were also given N50,000 each as part of the group’s assistance..

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Similarly, the royal father of the day during the event that took place at Sabon Garin Nangere., His Royal Highness, the Emir of Tikau, Alhaji Abubakar Muhammad Ibn Grema while presiding over the distribution of the farm input to 35 farmer surged all beneficiaries to make good use of what they have received. He also commended the group for finding it worthy to assist the indigents in the area. The inputs distributed include fertilizer, spraying machines, liquid fertilizer, millet seeds, sorghum, and pest control among others.

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EU Delegation Pays Courtesy Visit to Sultan of Sokoto, Expresses Commitment to Humanitarian Initiatives

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A delegation of European Union (EU) representatives, led by the EU Ambassador to Nigeria, His Excellency Gautier Mignot, paid a courtesy visit to His Eminence, Sultan Sa’ad Abubakar at his palace in Sokoto. The visit was aimed at fostering diplomatic ties and introducing the EU team to one of Nigeria’s most revered traditional institutions.

Speaking during the visit, Ambassador Mignot emphasized the importance of engaging with esteemed leaders and institutions in Nigeria, stating, *”We are here to introduce ourselves to one of the most respected traditional institutions in the country.”* He expressed the EU’s commitment to strengthening collaboration with local communities through humanitarian and developmental programs.

One of the key highlights of the visit was the delegation’s announcement of a new EU-backed initiative targeted at supporting vulnerable children and disadvantaged individuals in Nigeria. Ambassador Mignot elaborated on the program’s focus, saying, “Our mission here includes the launch of a program specifically designed to provide aid to children and the less privileged, with a particular focus on Sokoto, the seat of the caliphate.”* The initiative aims to enhance welfare services and promote social development in the region.

The EU ambassador also reassured the Sultan of the delegation’s dedication to ensuring the success of its mission, pledging unwavering support and cooperation. “We are committed to working closely with relevant stakeholders to make this program a success,” he stated.

In his response, Sultan Sa’ad Abubakar warmly welcomed the EU team, acknowledging the significance of their visit. He expressed his willingness to support their humanitarian objectives, stating, *”We fully appreciate this gesture and assure you of our unflinching support in realizing these noble goals.”* The Sultan further emphasized the need for collaboration among all societal groups to achieve maximum success, regardless of religious or ethnic backgrounds.

The visit also saw the presence of several esteemed council members accompanying the Sultan, including Wazirin Sokoto, Professor Sambo Wali Junaidu; Magajin Rafi, Barrister Rilwanu Bello; Galadiman Gari, Alhaji Aliyu Attahiru Galadanci; and Sa’in Kilgori, District Head of Kilgori, Alhaji Muhammad Jabbi Kilgori. Also in attendance were the Council Secretary, Damburan Alhaji Sa’idu Maccido, and the Director of Personnel Management of the Council, Wambai Ahmed Abdulkadir, among others.

The meeting underscored the significance of international partnerships in driving humanitarian efforts and fostering development within Nigeria. The EU delegation, alongside local authorities, expressed optimism that the newly launched initiative would yield substantial benefits for vulnerable communities in Sokoto and beyond.

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Reps Minority Caucus condemns unlawful detention of VDM, demands his immediate release

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The Minority Caucus of the House of Representatives has condemned in the strongest terms the arrest and continued detention of social campaigner and activist, Martins Otse, popularly known as Very Dark Man (VDM), by the Economic and Financial Crimes Commission (EFCC).

In a statement jointly signed by the HoR caucus leaders, Rep Kingsley Chinda, Leader, Rt. Hon. Dr. Ali. Isa J.C Minority Whip, Rt. Hon. Aliyu Madaki., Deputy Minority Leader,,Rt. Hon. George Ozodinobi
Deputy Minority Whip, the opposition leaders declared that:

“The disturbing trend of security and law enforcement agencies deploying their powers arbitrarily against citizens exercising their rights to free expression poses grave threats to our democracy.

“We must state clearly that such acts, cloaked in the guise of enforcement, erode public confidence in the rule of law and undermine the principles of accountability and transparency.

The caucus insisted that: “The arrest of Mr. Otse which reportedly took place without the issuance of a warrant is a direct violation of the 1999 Constitution of the Federal Republic of Nigeria (as amended) that guarantees the liberty of the citizen except in accordance with the due process of law. Sections 35(1) and 35(3) of the Constitution stipulate the conditions under which a person may be deprived of their liberty and require that any person arrested must be informed promptly of the reasons for their arrest and any charges against them.

“The EFCC, like every other agency of government, is bound by these constitutional provisions and must not act outside their bounds.

“Moreover, the continued detention of Mr. Otse beyond the constitutionally permissible period of 24 to 48 hours without being charged to court is not only an abuse of power, it is also a blatant affront to the principles of natural justice and fair hearing.

“The Constitution, under Section 35(4), provides that a person who is arrested or detained must be brought before a court of law within a reasonable time, which, in the case of an arrest without a warrant, shall not exceed two days.

“Any deviation from this is a breach of the citizen’s fundamental rights and a descent into lawlessness.

“As the voice of the opposition in the National Assembly, the Minority Caucus calls on the EFCC to immediately release Mr. Otse or charge him to court in accordance with the law.

“Arbitrary arrests and prolonged detentions of citizens for expressing dissenting or unpopular views must have no place in a democratic society.

“The preservation of liberty, due process, and respect for constitutional rights remain the bedrock of our republic. We will not stand idly by while state agencies abuse their powers to suppress voices that challenge the status quo in line with the laws.

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