News
Meta to Land 2 Submarine Cables in Nigeria

Meta is set to deploy two submarine cables, with landings scheduled in Lagos and Akwa Ibom by the end of November, according to Kashifu Inuwa Abdullahi, director-general, National Information Technology Development Agency (NITDA).
The development which is expected to enhance Nigeria’s digital landscape, was announced by Kashifu, during the Global Tech Africa conference on Friday.
Kashifu emphasised that the initiative is part of the Nigerian government’s strategy to bolster digital infrastructure and foster increased broadband penetration in the country.
He said the move aligns with efforts to propel Nigeria into the forefront of the digital era.
However, this announcement comes after a delegation from Meta Platform was welcomed at the National Assembly Complex by Benjamin Kalu, deputy speaker of the House of Representatives, on Tuesday.
During the meeting, Kalu expressed optimism about the anticipated benefits that Meta’s investment in submarine cables would bring to the country.
Kojo Boakye, vice president of Public Policy for Africa, Meta and Adaora Ikenze, director for West Africa, Meta, were present during the meeting, highlighting the importance of the collaboration between the tech giant and the Nigerian government in advancing digital connectivity and technological development.
The cable, supported by Meta, made its entrance shortly after the 12,000km Google-backed Equiano undersea cable landed in April 2022.
In a statement, Kalu expressed appreciation for Meta’s contributions to Nigeria’s digital economy, specifically highlighting investments in fiber optic cables, mobile partnerships, and business support for entrepreneurs and small to medium-scale enterprises.
Kalu stated, “The news of the 45,000km subsea cable landing is particularly exciting and commendable, given its potential socio-economic impact on the country.”
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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