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New 7411 National Directory Number Tackles Terrorism

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Ms. Denise Cann, chief operating officer, 411ng.com, the company that developed 7411-national directory services has said that the service is open and can be used as counter terrorism number into which the entire nation may dial into at the hour of need. 

She said that such distress calls or emergency will be forwarded to police or the joint task force as the case may be for rapid intervention.

“We work with major companies like Google GPS, NigComSat, CBN, Glo1 and Main one to achieve these noble feat”

7411 national directory services went live thanks to the efforts of the Nigeria Communication Commission (NCC) and is multi-lingual services of highly interactive voice responses offered in English, Yoruba, Hausa, Igbo, French, Spanish and German over the phone.

Commenting further, Mr. Matt Howard, head technical and integration, said that the service is “capable of connecting to all emergency units, and such would not deprive the citizens of Nigeria the right to instant help at critical time of need.”

411ng.com is an online presence where all important and critical information can be downloaded from.

A man/woman can actually stay on the website for 24hours every day learning new things and without getting bored, as the website is as interesting as the entire lofty programme, from dating, to health news, to finding your friends and loved ones, also co-locating job openings & vacancies, 411ng.com is the place to be he asserted.

“Coded and designed by advanced team from Nigeria, U.S.A, India and Canada, the web portal and telephone services will excite Nigerians for years to come” added Howard.

The services is aimed at helping Nigerians home and abroad make instant decisions and have access to much needed life saving tips.

Several businesses, schools, governmental bodies, ministries, banks, security agencies and the entire country will be opened to seek daily tele-guidance and co-ordinated information from this 7411 information bureau.

To have easy access into these information and life saving tips just dial 7411 on any phone in Nigeria and +2347411 from outside Nigeria.

Engr. Dr. B.M Sani, director, licensing at NCC said that federal government agencies and health establishments to find and be found in Nigeria cannot be overlooked or push to the back in the development process of any serious country wishing to make proper development.

He said that gone are the days when life changing information and tips are prized above money, we must not forget the role of information accessibilities in human per capita development.

“We at the Nigeria Communication Commission are committed to building information rich Nigeria” he added.

He enjoined the entire country to embrace the use of the services to aid information knowledge level, business development and contribute to progressing the Nigeria we all desire.

The centre presently receive in – bound enquiry calls from over 3,000 Nigerians at a time for now, and about 27 million enquiries can be processed every day.

When fully operational, the service can handle 670,000 callers at a time.

This is made possible by advanced simulative telecommunication technology, similar to that presently deployed in Israel, United States, Britain and Dubai.

As at today, the directory has over 3,000 Nigerians, majorly trained statistics and data dissemination experts, multi lingual distress experts; anti-terrorist negotiators, doctors, first-aid nurses, pilots, call centre agents, career development advisors, weather experts, IT and Technical experts and so on.


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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

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Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Tuesday, March 3, 2026, arraigned two bank officials, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over an alleged $306,667.81 and €50,250 fraud before Justice Ismaila Ijelu of the Lagos State High Court sitting in Ikeja.
EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

EFCC

The defendants, who are both top officials of FSDH Merchant Bank Limited, were arraigned on a 10-count charge bordering on alleged stealing and retention of stolen property to the tune of $306,667.81 and €50,250.
The petitioner, FSDH Merchant Bank Limited, alleged that an internal audit uncovered unauthorized debits totaling $306,667.81 and €50,250, equivalent to N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), from its Letters of Credit (LC) payable accounts.
Investigations revealed that the defendants processed fraudulent transfers through the SWIFT platform to third parties.
One of the counts reads:
“That you, BAKARE OLADIMEJI SURAJUDEEN and JAMES OLUKAYODE IMOKWEDE, sometime in 2021 in Lagos within the jurisdiction of this Honourable Court, dishonestly took the sum of N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), property of FSDH Merchant Bank Limited.”
Another count reads:
“That you BAKARE OLADIMEJI SURAJUDEEN AND JAMES Olukayode Imokwede sometime in 2021 in Lagos within the jurisdiction of this Honourable Court dishonestly took sum of $306,667. 81 (Three Hundred and Six Thousand, Six Hundred and Sixty Seven dollars, Eighty one cents) property of FSDH Merchant Bank Limited”.
The defendants pleaded “not guilty” to all the charges preferred against them.
Following their pleas, prosecution counsel, H. U. Kofarnaisa, asked the court for a trial date and also prayed that the defendants be remanded in a Correctional facility pending trial.
Counsel to the first and second defendants, Oluwaseun Akintunde and Olajide S. Onasanya, informed the court that bail applications had been filed on behalf of the defendants and also urged the court to grant them bail on liberal terms.
They also prayed that the defendants be remanded in the EFCC custody pending the perfection of their bail conditions.
The prosecution counsel, however, opposed the prayers of the defence seeking the remand of the defendants in the EFCC custody, saying that “the EFCC detention facilities are overstretched.”
After listening to both parties, Justice Ijelu granted the defendants bail in the sum of N2 million each, with two sureties in like sum.
The court ordered that one of the sureties must be a relative, who is gainfully employed.
The sureties must provide evidence of tax payment in the last three years and must show proof of livelihood, with their residences verified.
The defendants were ordered to deposit their international passports with the court, and must not travel outside the country without the leave of the court.
The judge subsequently remanded the defendants in a Correctional facility pending the perfection of their bail conditions.
Justice Ijelu adjourned the matter till March 25, 2026, for the commencement of trial.

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AfDB Supports Francophone Africa Start-ups with €6.5M

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The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.

This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.

Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.

The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.

The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.

In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.


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Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

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Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.

Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.

The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.

SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.

The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.

Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.

Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.


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