Tunji Wusu –
For a consultant to oversee the bank’s execution of the recommendations from the Payments System Vision 2025 (PSV 2025), the Central Bank of Nigeria (CBN) has requested sealed proposals from interested parties.
In an effort to address emerging advances in the financial landscape, the CBN is extending this Request for Proposal (RFP) to qualified consultants.
The bank claimed that in order to realize its goal of being the best in class among central banks worldwide, the new agenda for the payments system was required, along with the expanding market for payments solutions in Nigeria.
The Central Bank of Nigeria (CBN) stated in a circular titled, Request for Proposal for the Engagement of a Consultant for the Implementation of Payments System Vision 2025 (psv2025) that the consultant is expected to collaborate with the team of the apex bank in support of implementation efforts while offering professional advice.
The circular states that the scope of work includes facilitating PSV 2025 implementation, creating and implementing PSV 2025’s implementation roadmap, benchmarking the Nigerian payment system against international standards, identifying key areas that need improvement and prioritizing those areas, and identifying key trends and innovation opportunities in order to prepare for future products and innovations.
The Standard Bidding Document (SBD) can be obtained by interested companies once proof of payment of a non-refundable charge of N10,000 (a bank draft made out to the Central Bank of Nigeria) is provided.
“For verification, interested and qualified service providers must submit the following documents: Proof of the Corporate Affairs Commission’s (CAC) Form CAC2 and CAC7, as well as the Certificate of Incorporation and Registration; Memorandum and Articles of Association certified as authentic copies; proof of Company Tax Clearance Certificate for the last three years (2019, 2020, and 2021) paid as and when due.
The value of the projects that the company has done over the last three years should be reflected in such proof, according to the circular.
A current pension clearance certificate from PENCOM, proof of registration with the Financial Reporting Council of Nigeria (FRCN), proof of compliance with Section 6(1)(3) of the amended Industrial Training Fund (ITF) Act No.19 of 2011, and a sworn affidavit stating that the company is not in receivership, insolvent, or bankrupt are also required of service providers.
It will also state, among other things, whether or not any officer of the relevant committee of the Central Bank of Nigeria or the Bureau of Public Procurement (BPP) is a former or present director, shareholder, or has any financial interest in the bidder. The company will also state that none of its directors have ever been found guilty in any court in Nigeria or any other nation of a crime related to fraud or financial impropriety.
