The Company NIBSS Plc
                                                                                          2
    NIBSS Critical Stakeholder
                                              
                                              
                                              
                                              
                                              
                                              
                                               
                                              
     NIBSS is owned by all the Banks in Nigeria and the Central bank of Nigeria.
                                              
                                                                                          3
    NIBSS Mandate 
          1                 Provides a shared service/infrastructure for  the 
                            Nigeria financial system
                            A payments processing Company for payments 
          2                 schemes (local  & international) in Nigeria, and act as 
                            a settlement Company for both inter-bank and inter-
                            scheme payments
           3                Initiates and develops an integrated nationwide 
                            network for the electronic or paperless funds transfer 
                            and settlement of  transactions.
            4               Provides framework for elevating the level of 
                            efficiency in funds transfer services generally
             5        NIBSS commenced operation in June 1994.
                                                                                          4
     NIBSS Value Proposition
     NIBSS is the central utility for Nigeria Payments System 
                                             SHARED 
                                             SERVICE 
                            OPERATOR      INFRASTRUCT
                             OF THE            URE 
                             NIGERIA                     OPERATOR OF 
                           AUTOMATED                      THE NIGERIA 
                            CLEARING                       CENTRAL 
                             SYSTEM                      SWITCH(NCS)
                             (NACS)         NIBSS’S
                                             VALUE 
                              INTER-      PROPOSITION     E-PAYMENT 
                              BANK                        AND 
                            PAYMENTS                      ANCILLARY   
                               AND                        PRODUCTS & 
                           SETLEMENT                      SERVICES
                            SERVICES       PAYMENTS 
                                           TERMINAL 
                                           SERVICES 
                                          AGGREGATOR
     NIBSS is a major driver of the Cash-Less Nigeria project and an enabler of e-payments. 
                             NIBSS has an established Training Institute.
                                                                                                    5
             The Nigeria Central Switch and Mobile 
                         Payment Interoperability
                                                                                          6