CBN invites bids for automation of intervention funds process

The Central Bank of Nigeria on Sunday solicited Request for Proposal (RFP) from qualified entities for the development, implementation, and automation of its intervention funds process.

According to the apex bank the proposal ibeing extended to a set of eligible and competent vendors is open to single vendors or multiple vendors working together as a team and that the ideal vendor(s) will have certified knowledge and verifiable capacity and experience in the software industry.

Stating that experience in the public or banking sector is preferred, but not mandatory, the CBN indicated that to qualify for the selection process such vendors are required to meet some high level requirements.

It listed some of the mandatory requirements as including, Evidence of Certificate of Incorporation and Registration with the Corporate Affairs Commission (CAC) including Form CAC2 and CAC7; Certified true copy of Memorandum and Article of Association; and Evidence of Company Tax Clearance Certificate for the last three (3) years (2015, 2016 and 2017) as at when due(such evidence should reflect the value of the projects undertaken by the company in the last three (3) years.

Others are, Evidence of Compliance Certificate with the provisions of Section 6(1)(3) of the amended Industrial Training Fund (ITF) Act No.19 of 2011; presentation of Current Pension Clearance Certificate from PENCOM; Evidence of registration with Financial Reporting Council of Nigeria (FRCN); Sworn affidavit disclosing whether or not any officer of the Central Bank of Nigeria or Bureau is a former or present director, shareholder or has any pecuniary interest in the bidder and confirm that all information presented in its bid are true and correct in all particulars.

It stated further that submission should be in two separate envopes and that all submission must be received not later than 30th October, 2019.

In addition, it hinted that the opening of the Technical Proposal would commence immediately, after close of submission of the bid on 30th October, 2019.