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FCMB Empowers Media Practitioners with Social Media Monetization Masterclass
First City Monument Bank (FCMB), has trained media practitioners on how to leverage social media platforms to generate sustainable income.
Mr Diran Olojo, Divisional Head, Corporate Affairs at FCMB
The training, a one-day masterclass titled “The Monetised Content: A Media Masterclass,” with the theme “Elevate & Earn: The Media Entrepreneurship Masterclass,” was held on Monday at FCMB’s office in Victoria Island, Lagos.
Speaking at the event, Mr Diran Olojo, Divisional Head, Corporate Affairs at FCMB, urged journalists and content creators to rethink the traditional practice of media as solely a public service, encouraging them to see it also as a viable business.
Olojo noted that the media landscape is rapidly evolving due to digital technology, creating new opportunities for professionals to build platforms that are both impactful and financially rewarding.
He explained that beyond informing the public, content creators can now monetise their skills through various digital channels, including advertising, sponsorships, and audience subscriptions.
According to him, strategic communication has become a powerful tool globally, citing how countries deploy digital media to shape narratives and influence public opinion.
Also speaking, Chris Ihidero, a filmmaker and former journalist, encouraged participants to embrace the shift from traditional media models to digital-first platforms.
He described the transition as moving from “media that is paid” — where journalists depend on salaries — to “media that pays,” where creators earn directly from their content.
Ihidero highlighted platforms such as YouTube and TikTok as key avenues where creators can build audiences and generate income through views, engagement, and partnerships.
He stressed the importance of building a strong personal brand, noting that credibility and trust are valuable assets in the digital age.
“Focus on a niche, create quality content consistently, and diversify your presence across platforms,” he advised.
He also emphasised that despite the shift to digital platforms, core journalistic principles such as research, accuracy, and fact-checking remain essential.
In his remarks, Fisayo Soyombo, Editor-in-Chief of the Foundation for Investigative Journalism (FIJ), highlighted the need for strong institutional values in media organisations.
Soyombo said that credibility, ethical practices, and staff welfare are critical to building sustainable media outfits and retaining talent.
He added that media organisations must prioritise transparency and accountability to maintain public trust and contribute meaningfully to society.
The initiative, organisers said, is part of ongoing efforts to equip media professionals with the skills needed to adapt to the changing media environment and tap into emerging economic opportunities.
Nigeria CommunicationsWeek reports that the growing influence of social media has transformed how information is produced, distributed, and consumed, creating new pathways for journalists and content creators to earn income while reaching wider audiences.
Southeast Asia cybercrime networks are expanding operations into Africa as crackdowns intensify in the subregion, according to a recent report from the United Nations Office on Drugs and Crime (UNODC).
The massive, unintended geographic shift triggered by intense pressure from international task forces in Myanmar and Cambodia,have seen highly sophisticated criminal networks now establishing footholds in major tech hubs across Kenya and Nigeria, transforming local technical talent into accomplices for industrial-scale digital theft as reported by https://streamlinefeed.co.ke/
This strategic migration represents a critical evolution in the $17 billion crypto scam economy.
Transnational scam syndicates are organized criminal networks that run industrial-scale online fraud using trapped or trafficked labor.
The UNODC has documented this diversification, noting that African nations are increasingly targeted as operational bases due to robust internet infrastructure and a surplus of unemployed tech workers.
In response, local authorities are engaged in a frantic game of catch-up against well-funded foreign cartels.
Recall that in 2025, UNODC, described the shift as part of a broader trend in which crime “spreads like a cancer,” into regions with weaker enforcement and limited digital safeguards.
The report pointed to the rapid proliferation of online fraud operations, including cryptocurrency scams and phishing schemes, moving from countries like Myanmar and Cambodia into new footholds in Africa—particularly Nigeria.
A recent case publicized June 12, 2025 by the WeChat public account West Africa Chinese Voice illustrates the trend: Nigeria’s Economic and Financial Crimes Commission (EFCC) arrested 177 Chinese nationals in Lagos and Abuja between December 2024 and January 2025.
The suspects were allegedly running scam centers under the guise of corporate offices, where local Nigerians were trained to carry out online investment frauds—many following the “pig-butchering” model, which builds trust with victims before luring them into fraudulent crypto investments.
Authorities seized hundreds of SIM cards, high-performance computers, and prewritten scam scripts during the raids
Ugochukwu Eze, a 47 year-old man, was on Thursday arraigned before a Federal High Court in Lagos for allegedly hacking into the server of SunTrust Bank to steal a total of N800m.
Ugochukwu also known as Amazon, was arraigned before the court by the operatives of the Department of State Security (DSS).
DSS accused Ugochukwu of fraudulently hacking into the server of SunTrust Bank to remove and divert the sum of N800 million into several accounts in other financial institutions.
M. Bajela,prosecuting counsel, DSS, in the charges filed before the court alleged that the defendant and others now at large, between 2023 and 2026, conspired among themselves and unlawfully and seriously hindered the function of Suntrust Bank Plc’s computer system server and in the process fraudulently diverted over N800 million belonging to the bank.
Ugochukwu was also accused of concealing and transferring various sums of money traced to the unlawful cyber-attacks to some account in some financial institutions.
The offences alleged to have been committed by the defendant according to the prosecutor contravened sections 5; 6(1) and 8 of Cybercrimes (Prohibition, Prevention etc) Act, 2024. And Sections 10, 20 and 18(2)(D) of the Money Laundering (Prevention and Prohibition) Act, 2022.
The defendant pleaded not guilty to the allegations.
Based on his plea of not guilty, the prosecutor asked the court for a trial date, and prayed the court to remand the defendant in the facility of the correctional services pending the time trial will commence.
However, E. Afrogha, defendant’s lawyer, told the court that she has filed her client’s bail application. adding that her client has been in the DSS custody for over a month.
But the prosecution counsel told the court that he has not been served with the bail application, not withstanding that his witnesses are available.
Based on the counsels’ submissions, Justice Friday Ogazi, presiding judge, adjourned the matter to August 24,2026 for hearing of the bail application.
The judge also ordered that the defendant be remanded in the custody of the Nigerian Correctional Services (NCS) pending the hearing of the bail application.
One of the counts against the defendant reads: “That you UGOCHUKWU EZE (AKA AMAZON) (M) (47 YEARS) sometime between 2023 and 2026 in Lagos, and other places within the jurisdiction of this honourable court, unlawfully seriously hindered the function of SunTrust Bank Plc’s computer system, and in the process fraudulently diverted over N800, 000,000.00 (Eight Hundred Million Naira) belonging to the said SunTrust Bank thereby committed an offence contrary to and punishable under Section 8 of the cybercrime (prohibition, prevention etc.) Act, 2024.”
Liquid Intelligent Technologies is using light-beam technology developed by Google spinout Taara to supply data centres and large enterprise networks in Lagos, addressing the high costs and delays of laying underground fibre in dense urban corridors.
The deployment includes nearly 12 live optical links serving banks, hotels, and utilities across commercial districts, proving optical technology can supplement traditional physical infrastructure where trenching cables is impractical.
High-capacity bandwidth is being distributed directly from points of presence at Africa Data Centres and other Lagos facilities to enterprises beyond the reach of fibre cables.
This reduces network downtime in areas where physical cable cuts take days to repair. The rollout follows a two-year deployment by Liquid to strengthen network resilience for local internet service providers.
Nigeria remains one of the largest economies on the continent, with Lagos acting as its primary commercial hub. Expanding network infrastructure across dense urban environments requires operators to blend multiple technologies.
Using focused beams of light transmitted through the air, the technology allows operators to establish links within days rather than weeks, complementing existing physical networks.
Liquid is now assessing expansion into Abuja, Ibadan, and Kano.
“For Liquid, deployment speed has been one of the most significant advantages,” said Eugene Uka, acting chief executive officer of Liquid Intelligent Technologies Nigeria.
He added: “Traditional fibre deployments are not always a possibility, especially across difficult terrains. Taara links can often be installed and activated within hours, allowing Liquid to fulfil its mission to create a digitally connected future that leaves no African behind.”
Bhavesh Mistry, regional lead for Taara in Africa, commented: “As demand for connectivity continues to grow, operators need more flexibility in how they expand and reinforce their networks.
“Fibre remains an essential part of modern communications infrastructure, and will for some time, but there are many situations where deploying fibre quickly or cost-effectively can be difficult. Wireless optical communication gives operators another tool to extend capacity, reach customers faster, and build more resilient networks without compromising performance.”
The Taara Lightbridge system delivers up to 20 gigabits per second of capacity across distances up to 20 kilometres using invisible light beams.
The platform avoids trenching, spectrum licensing, or extensive civil engineering work. Taara claims its system is active in more than 20 countries with telecommunications operators, including T-Mobile, Airtel, Digicel, Liquid, and SoftBank.
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