General News
MTN Nigeria Foundation Supports Education with Donation of School Supplies to 1000+ Students
MTN Nigeria Foundation recently embarked on an initiative to donate support materials to nominated schools in seven states across the six geopolitical zones, including Edo, Oyo, Katsina, Nasarawa, Bauchi, Anambra and Enugu.
Odunayo Sanya, Executive Secretary, MTN Foundation
The donations form part of the foundation’s Learning Support Materials Initiative (LSMI) aimed at improving learning experiences for students nationwide.
The MTNF Learning Support Material Initiative (LSMI) is a program created to empower students with essential academic tools, enabling them to reach their highest academic capabilities. Over 1000 students received vital resources such as school bags and exercise books, with the schools also receiving additional equipment like umbrellas and Wi-Fi routers to aid the implementation of technology in learning.
The initiative forms part of MTN Foundation’s broader commitment to youth empowerment and educational development in Nigeria. Over the years, the foundation has invested in education through several initiatives. These include the MTN Scholarship Scheme for science and technology students and blind scholars at the undergraduate level. Additionally, MTN Foundation’s Science and Technology Lab Project (STLP) has resulted in the refurbishment of 102 science laboratories in public secondary schools across the country.
Speaking on the Learning Support Material Initiative (LSMI) and the Foundation’s dedication to national development through education, Executive Director, MTN Foundation, Odunayo Sanya said “At MTN Nigeria Foundation, we believe that education is the cornerstone of growth and development, and all students deserve access to the resources necessary to unlock their full potential.
“This initiative emphasizes our commitment to fostering an enabling environment for learning and supporting access to quality education.”
The impact of these donations was evident and appreciated by students who expressed that the learning materials would aid their learning process and educators who affirmed that they would be put to good use.
This initiative demonstrates how corporate entities can play pivotal roles in supporting societal needs while promoting sustainable development within the communities they serve.
The Learning Support Materials Initiative by MTN Foundation highlights its unwavering dedication towards empowering young minds across Nigeria. Through strategic educational support programs, the foundation contributes to bridging resource gaps faced by several public institutions and shaping brighter futures nationwide.
Economic and Financial Crimes Commission (EFCC), has detained Tunde Ayeni, former chairman of defunct Skye Bank Plc, for alleged fraud involving N36.5 billion and $30 million.
Tunde Ayeni, former chairman of defunct Skye Bank Plc,
This follows the probe of alleged diversion of N36.5 billion and $30 million secured as loans from Polaris Bank Plc through companies linked to Ayeni.
He was arrested by EFCC operatives in Abuja on April 23, 2026, and is still been held in custody as at the time of filling the report.
Dele Oyewale, spokesperson, EFCC, confirmed the arrest on Friday but declined to provide further details.
Ayeni is under investigation for diverting funds obtained for marine security, electricity distribution, and real estate projects into other unknown projects.
Investigators allege the loans were instead channelled into telecom investments tied to NITEL/MTEL assets via a NATCOM account.
About 12 firms believed to be connected to Ayeni are also under investigation for their role in securing the loans.
The EFCC is expected to file charges once the investigation is concluded.
Summit Household Solutions Limited has opened its ultra-modern manufacturing facility in Ota, Ogun State, as part of its efforts to scale production of home and personal care products in Nigeria.
The plant, which started operations in April 2025, produces items such as dishwashing liquids, handwash, sanitisers and multipurpose liquid soaps, with an annual capacity estimated at 7,000 tonnes.
Commissioning the facility on behalf of Governor Dapo Abiodun, the Permanent Secretary, Ministry of Commerce, Trade and Investment, Mr Kehinde Akintomide, said the investment reflects growing confidence in Ogun State’s business environment.
He noted that the state hosts over 6,000 manufacturing firms and described the development as consistent with ongoing efforts to promote industrialisation, attract investment and reduce reliance on imports under the Federal Government’s Renewed Hope initiative.
Akintomide disclosed that the factory has already employed more than 50 Nigerians, with projections to exceed 250 jobs as operations expand.
In his remarks, the General Manager of the company, Mr Sadiq Ali, said the facility represents a major step in Summit’s growth plans, adding that its flagship brand, 2Sure, currently leads production at the plant.
He also revealed that the company is preparing to introduce new home and personal care products later this year.
Summit Household Solutions manufactures the 2Sure brand and has expanded into the personal care segment with Lewar, a premium beauty soap line positioned for quality and affordability.
Among dignitaries present were the Onikotun of Otun, Ota, Oba Abdulakeem Odunaro, representing the Olota of Ota, Prof. Adeyemi Abdulkabir Obalanlege; the Agba Akin of Ota, Chief Dada Olusola; Director of Investment, Ms Yemisi Folarin; Director of Industrial Promotion, Mr Femi Adeboye; former Managing Director of 7Up Bottling Company, Mr Ziad Maalouf; and the Chief Executive Officer of OmniRetail, Mr Deepanker Rustagi.
Speaking at the event, Maalouf, who conceived the 2Sure brand during his time at 7Up Bottling Company, expressed satisfaction with its growth and commended Summit Solutions Limited for advancing the brand.
The special guests were conducted around the facility, and the programme was concluded with a luncheon.
The administration of Donald Trump has frozen $344 million in cryptocurrency allegedly linked to Iran, marking a sharp escalation in financial pressure on Tehran.
The move comes amid stalled diplomatic efforts and a fragile ceasefire in the region.
U.S. Treasury Secretary Scott Bessent confirmed that authorities are sanctioning multiple crypto wallets tied to Iran. “We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he said.
Tether, which facilitated the transactions, said it worked with U.S. authorities to freeze the funds across two wallet addresses after receiving intelligence linked to unlawful activity.
A U.S. official said blockchain analysis revealed “material links” to the Iranian regime, including transactions routed through intermediary addresses connected to wallets associated with the Central Bank of Iran.
Responding to the development, Tether CEO Paolo Ardoino said the company does not tolerate illicit use of its stablecoin. “USD₮ is not a safe haven for illegal activity. When there is credible linkage to sanctioned entities or criminal networks, we act immediately,” he stated.
The crackdown underscores the growing reliance of sanctioned states on digital assets to bypass traditional banking restrictions. Data from Chainalysis shows Iran’s cryptocurrency holdings reached $7.8 billion in 2025, with the Islamic Revolutionary Guard Corps reportedly controlling about half.
Analysts say while the freeze is significant, Iran has historically adapted to sanctions. Daniel Tannebaum of the Atlantic Council noted that targeting third-party actors enabling such transactions may be key to increasing pressure.
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