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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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Francis Okafor Stuns China, Emerges Second-Place Winner @ Tencent OpenClaw Hackathon

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In a striking moment of global recognition for African talent in artificial intelligence, Shenzhen-based Nigerian technologist, Francis Okafor has emerged as the second-place winner at the 2026 Tencent OpenClaw Hackathon, a fiercely contested competition hosted by Chinese tech giant Tencent.

The achievement places the Nigerian engineer among the top innovators in one of the world’s most competitive technology hubs, Shenzhen, often described as China’s Silicon Valley.

Okafor’s journey to the podium was anything but scripted. Walking into Tencent’s facility on the day of the contest, he found a room already buzzing with elite programmers deep in preparation.

“Laptops open. Heads down. Some people setting up their system before the challenges even dropped,” he recalled, contrasting the scene with his own uncertainty at that moment. “And then there is me — a Nigerian looking around like, okay Francis, what exactly are you doing here?”

Rather than confidence, his first reaction was raw nerves. “I won’t lie, I had goose bumps. Not the inspirational kind,” he admitted, describing a quiet internal debate about whether he had wandered into territory far beyond his league. Yet that hesitation quickly gave way to experimentation, a hallmark of the hackathon spirit.

Earlier that same week, Tencent had rolled out OpenClaw integration into WeChat (known domestically as Weixin), exposing its massive user base to AI agent capabilities.

Okafor, a senior technology lead, artificial intelligence advocate, and global community organiser, had already been stress-testing the system and decided, on the spot, to build his entry around it. “I had been pushing it hard all week just to see what it could do… so when the challenges dropped I thought, you know what, let me use this thing as my weapon.”

That decision proved decisive. Competing against some of the most accomplished engineers in China’s hyper-competitive tech ecosystem, Okafor’s solution stood out for both ingenuity and execution. “It went far enough apparently,” he said with understated pride after securing second place.

Remarkably, he had entered without a grand plan. “I didn’t go in with a strategy. I went in for the thrill of it… Honestly I thought I would learn a few things and go home with a good story.” Instead, he left with a trophy, and a narrative that has resonated far beyond the competition hall.

Beyond personal triumph, Okafor emphasized the broader technological significance of the moment. Tencent released the WeChat OpenClaw plugin on the very morning of the event, effectively putting advanced AI agent tools into the hands of an estimated 1.4 billion users.

In his view, this signals a profound shift in how artificial intelligence will reach the public. The company, he observed, is “not just making AI accessible to developers… they are bridging it to everyone,” while using hackathons to identify innovators capable of pushing the technology forward, regardless of origin.

Okafor was acutely aware of his uniqueness in the room. “I was definitely the only African there and for sure stood out,” he noted. Yet what mattered was not nationality but capability. “Nobody cared about where I was from. They cared about what I built.”

His message to aspiring technologists, particularly those from underrepresented regions, is both simple and powerful: show up. “Enter things you think you have no business entering,” he urged. “The worst case is you learn something. The best case is you shock yourself.”

In an industry often defined by geography, capital, and institutional advantage, Okafor’s victory offers a compelling counter-narrative. Talent, preparation, and courage can still disrupt expectations, even in rooms that seem designed for someone else.

As he concluded in a line that has since captured widespread attention: Black excellence, he said, “doesn’t need a geography.”


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CBN Pledges Deeper Synergy with EFCC in Enugu Operations

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Economic and Financial Crimes Commission (EFCC) has urged the Central Bank of Nigeria (CBN) to deepen collaboration and provide faster operational support in Enugu State.

EFCC Seeks Stronger Ties with CBN in Enugu for Anti-Graft War

Zonal Director of the EFCC Enugu Zonal Directorate, Commander Daniel Isei, made the call during a courtesy visit to the CBN Branch Controller in Enugu, Mr Otutubuike Justice Agbaeze, on Tuesday.

The engagement forms part of ongoing efforts to boost inter-agency ties, enhance financial sector accountability, and fortify anti-money laundering initiatives nationwide.

Isei described the CBN as “our most critical partner in the fight against economic and financial crimes,” highlighting years of joint operations and the bank’s role in securing recovered assets.

“The CBN naturally stands out as one of our most critical partners… it serves as a secure repository for valuables recovered by the EFCC and it has greatly enhanced our operations,” he stated.

While commending past cooperation, Isei appealed for quicker responses to the EFCC’s frequent investigative requests from its Enugu office.

“We understand that these requests may be demanding, but timely responses are crucial, as time is of the essence in financial investigations. We therefore seek your continued indulgence in ensuring that our letters receive expeditious attention,” he added.

In response, Agbaeze reaffirmed CBN’s dedication to the partnership, pledging expert support and improved synergy “in the interest of financial system stability and national development.”


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Firm Shares Tips for Updating Your Digital Habits for an AI-driven World

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As smart devices with artificial intelligence (AI) tools, and always-on services become part of everyday life, the cybersecurity habits many people formed a few years ago may no longer be enough.

From AI-powered scams to social media trends that encourage users to upload personal details, the way people interact online is changing quickly. Ensuring that you stay secure now requires small, deliberate actions in your daily digital behaviour. Experts from Kaspersky, a global cybersecurity and digital privacy company, share the below advice to stay safe online.

  1. Be cautious with verification requests. Many scams now mimic legitimate verification processes, asking users to confirm accounts, update payment details, or approve login attempts. Because people are used to frequent security prompts, it is easy to respond automatically. Pause before sharing verification codes or personal information and independently verify requests through official websites or by contacting service providers directly.
  2. Cultivate healthy AI usage habits. AI agents, chatbots and multimedia-generating apps can be convenient and entertaining, but uploading high-resolution photos or personal information carries privacy implications. Facial images can function as biometric identifiers, and once shared with an online service, be it AI or a social network, control over how that data is stored or reused may be limited. Before using AI tools, review privacy policies, minimise the personal information they provide, and avoid uploading sensitive documents or confidential content.
  3. Do your homework on AI. For parents, the rise of AI assistants introduces another dimension. While AI tools can help in making education interactive and gamified, children may turn to AI tools for homework support or entertainment without fully understanding how their data is used or how to evaluate responses critically.

Open conversations about responsible AI use, privacy awareness, and the importance of not oversharing personal information can help children build safe digital habits from an early age.

  1. Audit your online subscriptions. Reducing digital exposure is another simple but often overlooked step. Over time, unused subscriptions, dormant accounts, and forgotten apps accumulate personal data and payment details. Regularly reviewing subscriptions, deleting unused accounts, and checking which apps have access to personal information can significantly reduce risks of this data being leaked.
  1. Secure your devices and home. Device longevity and smart home security also play an important role. Older devices that no longer receive security updates may contain unpatched vulnerabilities.

Ensure that smartphones, laptops, routers, and smart home devices are running the latest firmware and are protected with strong passwords and multi-factor authentication. Changing default passwords on connected devices and securing home Wi-Fi networks are essential steps in protecting both personal data and physical spaces.

As technology and AI becomes more integrated into daily life, security is less about dramatic measures and more about consistent, informed habits.

“Technology evolves quickly, and our online behaviour should keep pace,” says Brandon Muller, Technical Expert for the Middle East and Africa region at Kaspersky. “Take time to review privacy settings, app permissions, and connected third-party services, removing anything that is no longer needed. By being more deliberate about what we share, how we verify requests, and how we manage our devices, we can significantly reduce exposure to modern cyber risks while enjoying all the benefits of new technologies.”


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