THEIR SEAUBA and Keystone cores still book the naira. NIBSS still clears. We do not replace either. Nationwide means every branch of that Nigerian host — not a 20-country file.

OUR GEOMETRYEach desk is its own glass. Path A after their post. ≤ 12.3 ms. Flush ≤ 120 s. N desks do not share a warehouse. That is why we do not choke.

THE REVIEWDay 30: attest_ms, dialect 0.000, ghost refuse, empty glass. Then quarterly. We review the stamp. We do not publish their failure rate.

A thousand branches = a thousand glasses · never one Lagos queue of pending stamps

WHAT SCALESIndependent Path A after T2. bind8 · tip_hash · amount · event. Residual MAY be tip_hash. No identity warehouse to congest.

WHAT DOES NOTIf their switch is dark, no T2, no stamp. We do not carry national settlement weight. 8454 is not allocated. Nationwide desks ≠ nationwide numbering.

Citizen ₦0. Stamp ₦12-class OPEX on the bank. Letters remain DRAFT FOR CHAIRMAN SEAL · NOT SENT.

SYSTEMSPECS · MULTIPLIER NOT COST CENTRE

MDA pays premium→ They keep majority→ We stamp ₦12

Queue clears→ More completed T2→ More of THEIR gateway fee

White-label. They set the MDA price. Never a percent of Remita or TSA. Cost centre is “pay us to fix the pipe.” Multiplier is they sell completeness; paper was leaving T2 unfinished at the window.