E-Tranzact appoints Niyi Toluwalope as MD

Benoit Bazin

Payment processing company, E-Tranzact Plc said it has appointed Mr. Niyi Toluwalope as its Managing Director.

The company said Mr. Valentine Obi will be stepping down from the position.

It would be recalled that the Central Bank of Nigeria, CBN, had ordered that Mr. Valentine Obi steps down from the position following an alleged N11 billion perpetrated by a customer of the company using its platform.