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Dr Aina Tasks FinTechs on Corporate Governance

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Dr Segun Aina, founding President of the Africa Fintech Network (AFN), and Board Chairman, FintechNGR has urged financial technology service providers in the country to embrace and pay a lot of attention to good and well-established corporate governance practices as they expand to new markets beyond the country and continent.

Speaking to journalists on the sidelines of the 42nd Annual General Meeting of Odu’a Investment Company Limited held in Lagos recently, he said: “We have issues about lack of acceptable corporate governance in startup businesses who are largely small businesses without the desired structures when starting, but over time they will grow and require sound corporate governance practices to scale.

“This is why stakeholders in the industry including the organizations I belong to are now focusing and putting a lot of emphasis on corporate governance.

“The first set of Fintechs are now becoming big institutions. As they move into new markets the demand and need for acceptable, compliant and tested governance structures and practices becomes very imperative.

“That is desirable for the next stage of growth in the Fintech space, and with that in place, Nigeria Fintechs can operate without regulatory hiccups and compete anywhere in the world”.

Dr Aina who is the immediate past chairman of Odu’a Investment Co Ltd who together with other Board members and management rejuvenated the company of companies and set it on the path of sustainable growth and profitability urged regulators and the government to formulate policies that are friendly towards advancing innovation in the country.

“Innovation related to creating non-existing solutions, these are things that were not in existence before and there is no way the government or regulators would have regulated what does not exist. Therefore, when it comes to existence, they will have to come up with how to regulate those innovative outcomes in a way to ensure in most cases the public interest.

“This may create encumbrances for some startup founders and entrepreneurs who were not in breach of any rules on commencement but now have to follow new guidelines and policies put in place to regulate their activities and operations.

“What is important is that policies have to be business friendly and must recognize that there is a need to innovate and the process ought to carry along all the stakeholders.  Regulatory policies should not stifle innovation but be seen as supportive of and advancing creativity. The good news is that things are changing now for the better with the financial services regulators, especially in the fintech space, he added.

Dr Aina expressed his belief in bequeathing Nigerian youths with digital skills to solve unemployment and create many new businesses that provide solutions to societal challenges.

This is why he founded Opolo Global Innovation Ltd, an organization that has with the support of BoI established Innovation Hubs in ten University campuses in the six geopolitical zones of Nigeria as one of the platforms to emplace skilling, innovation and enterprise among students and researchers. Also during his tenure as Odua Investment Board Chairman, the company created the South-West Innovation and Technology Company Ltd (SWIT).

He said, “Today, the emphasis is on technology, as we have a large youth population in Nigeria, many of them with University degrees but without the needed skills to enter today’s workplace, hence most of the graduates in the past few years remain unemployed.

“So, we have to provide them with those skills, create the system that encourages them to become entrepreneurs and job creators, provide them with the seed capital, the funding needed to enable them to set up their own business so that a lot of them that are involved in other negative things will be able to focus on positive things that develop the society. Nigerian youths are very, very intelligent, they just need to be supported.

“It is against this backdrop that Odua Investment Co Ltd set up South West Innovation and Technology Co Ltd (SWIT), as a new subsidiary to be the driver of the changes that we want in the innovation and digital space, in solving problems, in doing new things and improving on the ways existing things are done.

“If things go the way it is envisioned, I’m sure in the next five years that company will have produced a lot of new enterprises who will be challenging global players, creating exciting solutions and products. That’s why we added the word innovation-doing new things that will solve the way we are going in our strategy”.

 


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Tech Executives Double Down on AI, Talent and Adaptive Strategies to Lead in the Intelligence Age

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KPMG’s Global Tech Report 2026 reveals that organisations worldwide are moving beyond pilots and seeking to embed AI into core workflows and offerings, striving to scale investments. The new report identifies that while expectations are high and adoption is rapid; scaling can introduce additional complexity and returns vary widely.

  • 68 percent of organisations surveyed aim to reach the highest level of AI maturity by the end of 2026, yet only 24 percent are there today.
  • 88 percent are investing in building agentic AI into their systems.
  • 74 percent say their AI use cases are delivering business value, but only 24 percent achieve ROI across multiple use cases.
  • 90 percent plan to grow partnerships and tech ecosystems over the next year, yet 53 percent still lack the talent needed to bring their digital transformation plans to life.
  • 78 percent agree they must take more risks on emerging technologies to stay relevant.

The report asks: Can ambition match reality, and can organisations keep one eye on the next wave of innovation while delivering on today’s agenda?

“The future belongs to leaders who turn intelligence into advantage. Our research shows organisations are pushing past the early phase of ‘AI roulette’, placing scattered bets on multiple technologies, and are now increasingly focused on delivering value. When ambition meets disciplined execution, value compounds.

“Our 2026 Global Tech Report provides a synopsis of the critical things that high performers are doing better than most; a checklist for tech leaders looking to improve their organisational performance, emulate the high performers, and deliver higher ROI”. – Guy Holland, Global Leader, CIO Center of Excellence, KPMG International

”As Africa enters the Intelligence Age, the differentiator is no longer access to technology, but the ability to build the skills, governance, and operating models required to scale it responsibly. While organisations are accelerating AI adoption to drive productivity and growth, the real determinant of value lies in workforce readiness, executive alignment, and disciplined execution.

Those that invest early in digital skills, human-AI collaboration, and adaptive leadership will be best positioned to translate innovation into sustainable commercial and economic impact.” – Marshal Luusa, Partner: Technology & Innovation Lead, KPMG One Africa

 Key findings from the report

Tech maturity accelerates: Leaders set their sights on the top

Half (50 percent) of global tech leaders surveyed expect to reach the highest level of technology maturity in 2026, compared to only 11 percent today. This surge in optimism is fuelled by a move from isolated experiments to integrating AI and advanced technologies into core systems and scaling their impact.

High performers, those organisations leading in technology maturity, process maturity and value, are already reaping the rewards, reporting an average ROI of 4.5x, more than double the industry average of 2x. These leading organisations have progressed beyond pilot programs, prioritising the scaling of innovation and continually adapting to maintain a competitive edge in a fast-evolving environment.

Other organisations reporting higher ROI include smaller firms (3.6x), those with fewer cost pressures (2.6x), and transformation‑focused organisations (3.2x). The ROI pattern is equally nuanced: rather than a single investment ‘sweet spot’, clear ROI ‘zones’ emerge, from early quick wins to accelerating, enterprise‑wide value as maturity increases.

The age of agentic: AI adoption surges but innovation drives real business value

AI is now seen as a strategic necessity, not just industry hype. Sixty-eight percent of respondents are aiming for the highest level of AI maturity in their organisations. Eighty-eight percent of companies are already investing in agentic AI – autonomous digital agents transforming operations and decision-making. Seventy-four percent of respondents report that their AI initiatives are creating measurable business value, such as improved efficiency and reduced risk.

However, only 24 percent say they are scaling AI and achieving ROI across multiple use cases. This highlights the need for organisations to evolve KPIs beyond traditional financial and productivity metrics and build enterprise-wide alignment to fully realise AI’s potential.

The shift from AI experimentation to large-scale deployment is underway, with leaders working to embed AI into products, services, and value delivery.

Talent and agility power success: Human potential remains central

Human expertise remains central to digital transformation initiatives. Organisations are making significant investments in upskilling their workforce, building adaptive teams, and fostering cultures that embrace change.

Despite the rapid adoption of agentic AI, organisations still expect 42 percent of their tech workforce to remain permanent human staff by 2027 – only a five‑point drop from 2025.

High-performing companies plan to retain even more permanent human talent, with 50 percent remaining in place by 2027, revealing the continued importance of human expertise alongside AI. Despite these efforts, 53 percent of organisations report they still lack the talent needed to realise their digital transformation strategies.

Ninety-two percent of organisations surveyed anticipate that managing AI agents will become a critical skill within five years. The most successful organisations prioritise both technological advancements and people, empowering employees to innovate and adapt.

Strategic partnerships fuel growth: Ecosystems expand for the future

To overcome challenges and accelerate learning, 90 percent of organisations plan to grow partnerships and tech ecosystems over the next year. Strategic alliances are enabling access to specialised expertise, rapid innovation, and shared best practices.

As agentic AI and other advanced technologies become mainstream, organisations recognise the importance of building robust ecosystems that foster co-creation and continuous improvement. Nearly one-third of tech executives are planning to increase investment in centers of excellence, supporting cross-functional teams and controlled experimentation.

Preparing for tomorrow’s breakthroughs: Leaders embrace bold risks

The future is arriving fast, with quantum computing and Artificial Superintelligence (ASI) on the horizon. Leaders are already preparing for these breakthroughs, with 78 percent of organisations agreeing they must take more risks on emerging technologies to stay relevant.

The report urges organisations to maintain strategic foresight, invest in ethical frameworks, and build resilient, future-ready workforces. By balancing ambition with rational thinking and disciplined execution, tech executives are positioning their organisations to turn disruption into durable, compounding value.


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LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts, Others

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Lagos Internal Revenue Service (LIRS) pursuant to Section 60 of the Nigeria Tax Administration Act (NTAA), plans to ask Nigerian banks to debit bank accounts of employers who failed to remit tax liability.

LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts

This was disclosed in a recent notice on Sunday.

LIRS stressed that the move was in line with the implementation of the country’s NTAA and other new tax laws, which took effect on January 1, 2026.

“Where a taxpayer fails, neglects, or refuses to settle any established outstanding tax liability when due, LIRS may exercise its power under Section 60 to direct any of the following persons to pay the amount owed by the taxpayer:

“Banks and other financial institutions; Employers; tenants, debtors, or customers of the taxpayer; Agents, business partners, and any person holding money on behalf of the taxpayer; Any person owing money to the taxpayer, whether presently due or accruing. Once a substitution notice is issued, the person served is statutorily required to remit to LIRS the amount. Specified in the notice from funds belonging to, or payable to, the defaulting taxpayer,” the LIRS notice partly read.

Meanwhile, Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, weeks ago ruled out claims that the government would debit personal accounts over tax remittances.


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Anambra Cuts Monday Pay to Kill Sit-at-Home

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Anambra State will implement pro-rata salary payments for civil servants starting February 2026, targeting chronic Monday absenteeism from the long-running sit-at-home order, Information Commissioner Dr. Law Mefor announced Saturday.

Anambra Cuts Monday Pay to Kill Sit-at-Home

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Speaking at an Awka briefing after the Executive Council’s end-of-tenure retreat, Mefor said improved security and transport have eliminated excuses for the four-year disruption, which cost the state trillions in lost revenue. “Workers enjoyed full pay despite staying away; now, no work means no pay for that day, calculated over 24 working days,” he stated.

Compliance measures include mandatory Monday clock-in forms, with markets urged to reopen fully amid bolstered security. This builds on a January 22 executive order docking 20% pay from teachers absent on Mondays.

Mefor warned that lost Mondays cripple revenue collection and productivity, rejecting alternatives like Saturday shifts as capitulation to agitators.


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