News
2011: ICT4D Plan Missing as Politicians Chase Shadows

Election fever is sweeping across the country but presidential aspirants are not talking about how to use information and communications technology (ICT) to underpin Nigeria’s regeneration, proffering instead to focus on the same political gimmicks that now sound like broken records, Nigeria CommunicationsWeek can now reveal.
Worried ICT professionals described the situation as scary, urging greater focus by the aspirants on ICT to hasten the rebuilding of the country’s economy hobbled by years of mismanagement and neglect.
But politicians seemingly unconcerned have continued to marshal out their governance agenda and leadership qualities and occasionally slinging mud at rivals.
Though all the aspirants anchored their campaigns so far on promises to fight corruption, job creation, improvement on security of lives and properties and the overall improvement in standard of living, none however has said how these would be achieved.
Titi Omo-Ettu, president, Association of Telecommunications Companies of Nigeria (Atcon) said that the body will task all presidential aspirants for the 2011 general elections on their plans and agenda for Information Communication Technology in Nigeria.
Omo-Ottu noted that the ICT sector can not be ignored because it offers huge businesses, waiting for Nigerian IT professionals to leverage on. He said that his body will invite the presidential candidates of all political parties for the 2011 elections to address its members on plans they have for ICT.
Welcoming the development, Benson Akuche, ICT and investment expert based in the United States of America said “the aspirants have all got off on the wrong foot. At this stage, there is no mention of specific issues. They should be talking in clear terms how they intend to deliver good governance”.
Nigeria CommunicationsWeek gathered that lack of attention on details can wreck some of the aspirants’ political campaigns particularly now that Nigerians are tired of their oratory and undelivered promises in the past.
Frank Durumba, a direct marketing consultant said that most of the aspirants have launched high tech campaign strategies to woo voters and sell their candidatures but have not said a word about how to tackle the menace of internet scams that have earned the country notoriety as a fraud haven.
“From day one, the aspirants should have been talking cyber policing, fighting online crime and child protection online and so on,” Durumba said.
Also the issue of the licensing process of 2.3 GHz spectrum band that was expected to boost the telecommunications sector has remained unresolved since 2009 and so far, the aspirants have not talked about it.
“I expect to be hearing how an aspirant intends to make broadband internet, the life wire of development. Broadband is already a basic right in some country but has remained largely under developed in Nigeria, because of the unseriousness of successive governments,” Akuche added.
Elsewhere, taxation on ICT is hurting fresh investment in the only thriving sector and no aspirant has said anything about how to address the indiscriminate quest for internally generated revenue from the telecoms industry by all tiers of government.
Gbenga Adebayo, chairman, Association of Licensed Telecommunication of Nigeria, (Alton) said even as revenue sources are critical for the development of Nigeria, telecom companies are constantly harassed, their base stations and offices locked indiscriminately by governments.
“With respect, our major challenge stem from the activities of States and Local Governments. Members have brought documents evidencing requests for taxes and levies that are, in our view, outside of what is prescribed by law,” he added.
Nigeria CommunicationsWeek also gathered that redesigning the educational curriculum, creation of ICT parks/innovation hubs to create new ICT entrepreneurs capable of leap-frogging the country’s growth should have formed part of the agenda of the aspirants.
According to Deji Kadiri, managing director of ZeeSoft Nigeria Limited, ICT presents Nigeria the rare chance to join the league of the fastest developing countries of the world.
“If the aspirants are not talking about ICT, it is scary in my opinion because this is one area that Nigeria can quickly leverage on to join the league of industrialised nations like South Korea and Singapore. The investment here is minimal compared to setting up a motor manufacturing plant,” Kadiri said.
News
SEC Probes Ponzi Scheme Linked to FF Tiffany

The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens.
A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira.
The SEC said it viewed the activity as a threat to investor confidence and the overall integrity of the financial system.
The commission assured the public that it was working closely with law enforcement agencies and other relevant bodies to bring everyone involved in the unlawful operation to justice.
According to SEC, those found culpable will be prosecuted in accordance with the Investment and Securities Act and regulatory provisions.
SEC reiterated its earlier warnings to the general public to desist from engaging in Ponzi or unregistered investment schemes that promised guaranteed or exaggerated returns.
“These schemes are not registered with the SEC and do not offer investor protection under the law.
“The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation,” the SEC said.
The commission encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the commission directly through official channels.
SEC said it remained committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.
News
US Launches ‘Window on America’ @ Ogun Tech Hub

The Ogun Tech Hub in Abeokuta, Nigeria received a significant step towards increasing digital access and empowering young people as US Embassy in Nigeria launched the ‘Window on America’ facility.
The newly opened centre will offer free high-speed internet, computer access, and targeted programs to help young Nigerians build essential skills in technology, entrepreneurship, and leadership.
In a post on X (previously Twitter), the US Embassy described the hub as a modern ICT and resource centre meant to promote digital inclusion and provide youths with skills.
“Hello Abeokuta! We’re thrilled to announce the opening of the Ogun Tech Hub Window on America. This dynamic space offers free high-speed internet, computers, and programs to help young people gain tech, leadership, and entrepreneurial skills,” the Embassy wrote.
The facility was established in collaboration with the Ogun State and GFA Technologies, a software solutions provider for startups and SMEs.
The Embassy said the facility is part of its wider network of 29 American hubs across Nigeria, designed to empower youth and broaden access to global knowledge and opportunities.
Speaking during the launch, Ogun State governor Dapo Abiodun urged young people to use the ICT industry for self-sufficiency and competitiveness globally.
He lauded the program as a public-private cooperation that connects Nigerian youngsters with global innovations.
The governor said: “The Ogun Tech Hub serves as a collaborative space for technologists, startups, and social entrepreneurs to develop tech-driven solutions for societal challenges. The partnership is aimed at positioning Ogun State as a leading tech hub in Africa, supporting creative problem-solving and commercial innovation.”
With the ‘Window on America’ program fully operational, Ogun State is well-positioned to boost youth empowerment and digital literacy.
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