Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Ecobank suspends migration

12 July 2012, 17:38

Lagos -  Ecobank Plc on Thursday suspended, indefinitely, migration of former Oceanic Bank accounts from finacle to flexcube software.

The suspension was due to the inability of customers to access their funds.

Investigation revealed that the suspension was as a result of various threats from customers across the country, especially in the North.

The bank had resorted to Pasys, an application device, developed for posting in both Ecobank and the defunct Oceanic Bank database.

But customers of the defunct Oceanic Bank could not access their funds since the migration to the flexcube.

While the Oceanic Bank was using finacle software, Ecobank is using flexcube.

According to a source, Ecobank began the migration to ensure uniformity in its banking application process.

Meanwhile, a competent source in the bank told NAN that the bank had completed the migration process, but reverted to the old application because of slow service.

 ``There is need to avoid further complaint by customers.

``The normal backup system is what the bank is currently using,’’ the source, who pleaded anonymity, said.

The source explained that all the branches of the bank would be on flexcube when the service becomes active.


Tags ecobank

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...