General News
Nigeria’s CardForté Turns Five, Showcasing Impact on Domestic Payment Infrastructure

For Nigeria’s rapidly expanding financial sector, the true bottleneck to scaling has rarely been user acquisition; it has been the physical infrastructure of payments.

On April 24, 2026, at the Lagos Polo Club in Ikoyi, CardForté Limited marked its 5th anniversary by gathering the titans of the Nigerian payments industry to address this reality. The event underscored a critical shift in the ecosystem: local card manufacturing is no longer just a patriotic alternative. It is the strategic backbone of Nigeria’s digital economy.
The exclusive Leadership Breakfast, hosted by Gbenga Aborowa, convened executives from tier-1 banks, leading fintechs, domestic and regional card schemes. The gathering moved beyond celebratory remarks to tackle the hard questions facing the industry through three high-impact panel sessions, a football tournament among industry teams, and an evening anniversary dinner.
The morning opened with the “Local vs. Global: The Battle for the Nigerian Wallet” panel, moderated by Unyime Tommy, Managing Partner at Assurdly.
The discussion tackled the tension between domestic schemes and international giants. Grace Adeniyi, Divisional Head of Governance and Regional Operations at Verve International, and Ugo Obasi, E.D/Chief Commercial Officer of AfriGOPay, articulated the strategic necessity of local schemes in mitigating foreign exchange exposure for issuing banks.
They were joined by Celestina Appeal, Head of Card Business and Solutions at Zenith Bank, who provided the issuer’s perspective on balancing the national mandate for domestic cards with the consumer demand for global acceptance. A key consensus emerged: with over 95 percent of transactions occurring domestically, the economic argument for local card issuance is undeniable.
The conversation then pivoted to the last mile of financial access in the “Financial Inclusion and Agency Banking” session, moderated by Dr. Stanley Jacob, CEO of Zest Payments and Chairman of FinTechNGR. Femi Davies, Senior Vice President of Cards at Moniepoint and Bode Oyegoke, General Manager of Payments and Ecosystems at MTN Group, debated the unit economics of agency banking and the evolution of the agent network from basic cash-in/cash-out services to comprehensive financial touchpoints.
Temitope AkinFadeyi joined the discussion, and the panelists explored how agency banking has brought millions of Nigerians into the financial system, while acknowledging the challenges of fraud prevention, agent liquidity, and consumer protection that come with rapid scale.
The final panel, “Beyond the Card,” moderated by Jimmy Banjoko, Head of Acquiring and Channels Management at GTBank, explored the future form factors of payments. Nnamdi Azodo, Group Head of Card Business at Sterling Bank, Lanre Ogundare, Head of Card Business and Solutions at Providus Bank, and Wale Sogeyinbo, Head of Payment Processing and Acquiring at Wema Bank, dissected the slow adoption of tokenization and TapToPay in Nigeria. The panelists acknowledged that while digital and contactless payments are the future, the physical card remains an absolute imperative for the present, primarily driven by issuer costs and infrastructure readiness.
The celebration extended well beyond the panel sessions. Teams from Sterling Bank, Providus Bank, Verve International, PalmPay, and Card Centre Nigeria Limited (CCNL) participated in a competitive football tournament. PalmPay took home the trophy, reinforcing the spirit of partnership and camaraderie that has defined CardForté’s relationships across the industry.
Beyond the high-level discourse, the event highlighted CardForté’s quiet but massive impact on the sector. Tunde Aka-Bashorun, Executive Director at CardForté, revealed that since its inception in April 2021, the company has manufactured over 27 million cards for more than 150 clients, serving as the critical launch partner for numerous fintechs and first-time issuers.
“Our graduate trainee programme has seen us absorb approximately 45 percent of our personnel from the NYSC level to full staff. CardForté maintains 100 percent local staff. Rather than hire foreign talent, we send our people to acquire knowledge, return, and transmit it internally,” Aka-Bashorun stated.
Seun Lawal, Co-Founder and Chief Executive Officer of CardForté, closed the event by framing the company’s mission within the broader context of national sovereignty. “One of the biggest values we have created is local capability,” Lawal noted. “For a long time, there was a mindset that if something is high-value, technical, or security-sensitive, it must come from outside Nigeria.
“We have challenged that thinking by showing that local manufacturing, when done to the right standard, can deliver quality, reliability, and innovation. It means shorter turnaround times, less dependence on imports, and greater data sovereignty because critical parts of the card ecosystem are handled locally.”
The evening anniversary dinner brought together CardForté’s shareholders, including Deji Onyinlola, Olumide Soyombo (Co-Founder of Bluechip Technologies and Founder of Voltron Capital), and Gbenga Ajayi (Partner and Head of Africa and Middle East at QED Investors), alongside board members, staff and their families.
Industry partners also joined the celebration, including representatives from Providus Bank, Moniepoint, Fidelity Bank, Taj Bank, Payaza, Watchdata, Kalabash, ECP (Aegis Cards), Stanbic IBTC, Zojatech, Winich Farms, and Greychapel Legal. The breadth of attendance was a testament not only to CardForte’s relationships across banking, technology, agriculture, and professional services, but also to the strength of the family that has been built within the company over five years.
As Nigeria’s payment landscape continues to mature, CardForte’s five-year trajectory offers a powerful blueprint: sustainable scale requires indigenous infrastructure. By replacing imported plastic with locally manufactured smart cards, CardForte is not just supplying the fintech boom. It is securing it.
General News
Indwelt Studios Seeks Increased Awareness @ World Sickle Cell Day

Every June 19th, the world pauses to recognize something that, for millions of families, never pauses at all. World Sickle Cell Day is observed across the globe to bring sickle cell disease out of the shadows; to name it, to understand it, and to stand with the people who live with it every single day.

This year, the world marks the day under the theme “Closing the Survival Gap: Equity in Sickle Cell Disease.” It’s a phrase that asks a hard, necessary question: why should where you’re born, or what your family can afford, decide whether you live well, or live at all?
For us at Indwelt, that question isn’t abstract. It has names and faces we know.
Why this day means something to us;
Here in Nigeria, sickle cell isn’t a distant statistic. Our country carries the heaviest burden of the disease anywhere in the world; roughly 150,000 babies are born with it here each year, and millions of Nigerians live with it into adulthood. Behind those numbers are real people: managing pain that often goes unseen, navigating crises that arrive without warning, and carrying on with a quiet courage that most of us will never fully understand.
Some of those people are our colleagues.
Since our inception, we’ve had and still have team members who live with sickle cell. They show up, they create, they pour themselves into the work we’re proud to put our name on; and they do it while carrying something most of us never have to think about.
Our team member with sickle cell, put it to us simply:
“People see the work I deliver, but they don’t see the days I show up after a night I didn’t think I’d get through. Sickle cell is part of my story, but it isn’t the whole of me; and being a part of an organization that understands that, supports me and let’s me do work I’m proud of continues to make a difference for me. I don’t want sympathy. I want a world that takes this seriously enough to change the odds for the next person.”
Supporting them, through medical interventions and through simply being a workplace that sees them fully, has never felt like a policy or a perk. It’s felt like family looking after family.
That’s where our commitment began. Not in a boardroom, but in the everyday reality of caring for our own.
If you’ve ever asked; this is the reason we’ve chosen to anchor our Corporate Social responsibility around sickle cell, supporting initiatives that improve care, and backing the research working toward a future where this disease no longer steals so many years from so many lives.
We believe the survival gap can close. We’ve seen what changes when someone living with sickle cell is met with the right care, the right understanding, and the right support; they don’t just survive, they thrive. They build, they lead, they make beautiful things. We know this because we work alongside them.
So, our promise is simple: to put our resources, our voice, and our craft behind the people and the science fighting for better outcomes. To keep learning. To keep listening to those who live this reality. And to use whatever reach we have to make sure that, in this country with the world’s heaviest burden, no one feels they’re carrying it alone.
For someone living with sickle cell, care that comes to you and care you can actually afford aren’t luxuries; they’re often the difference between a crisis managed and a crisis survived. We’re proud to walk alongside teams doing that quiet, necessary work.
To anyone living with sickle cell, today and every day; we see your strength; including the kind that doesn’t look like strength, the kind that’s just getting through a hard day and showing up for the next one. You are not your diagnosis. You are not a burden. You are someone we’re honoured to stand beside.
And to everyone reading: you don’t need a CSR budget to make a difference today. Learn what sickle cell really is. Know your genotype. Have the conversation. Give blood if you can. Be gentle with the people around you who may be carrying more than they let on.
Awareness is where compassion begins; and compassion, multiplied, is how survival gaps close.
This World Sickle Cell Day, we’re thinking of our own. And we’re committed to doing our part, not just today, but in all the days that follow.
To our clients, we owe a particular thank you. Every brief you trust us with, every project we build together, every time you choose Indwelt; you are doing more than growing your business. You are helping fund the care, the awareness, and the research behind this cause. The work we do for you is quietly working for someone living with sickle cell, too. That partnership means more to us than you may realise, and we’re deeply grateful for it.
Awareness is where compassion begins; and compassion, multiplied, is how survival gaps close. This World Sickle Cell Day, we’re thinking of our own. And we’re committed to doing our part, not just today, but in all the days that follow.
General News
Police Uncovers N7.7Bn Telecom Data Fraud Syndicate, Recovers Assets Worth Millions

Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has uncovered a major telecommunications fraud syndicate accused of compromising a telecom company’s billing infrastructure and fraudulently generating data valued at more than N7.7 billion.

The breakthrough led to the arrest of several suspects and the recovery of assets believed to be proceeds of the crime, including nearly N90 million in cash, two residential houses, a mini-plaza, and a Toyota RAV4 vehicle.
In a statement issued on Thursday, June 18, 2026, DSP Unwana Imah, Police Public Liaison Officer of the NPF-NCCC, disclosed that investigations revealed the involvement of both insider collaborators and external accomplices in the large-scale cyber fraud operation.
According to the statement, the investigation was launched following a petition by a leading telecommunications service provider, which reported the unauthorized use of staff login credentials and a breach of its network billing system.
Preliminary findings showed that between October 1 and November 28, 2024, the suspects unlawfully accessed the company’s billing infrastructure and generated fraudulent airtime.
The airtime was subsequently converted into data bundles and distributed through a network of vendors operating across the country.
The criminal operation reportedly caused losses running into billions of naira before it was detected by the telecom provider, which promptly alerted security agencies.
“The Nigeria Police Force through the Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has recorded significant progress in the investigation of a case involving Computer Related Fraud, Unauthorized Access to Computer Systems, and Theft of Telecom Services,” the statement said.
During the course of the investigation, operatives arrested several suspects and recovered more than 400 laptops, 1,000 mobile phones, Point of Sale (POS) machines, cash exhibits, and other evidential materials.
The telecommunications company was also able to reverse approximately 2,931.79 terabytes of fraudulently obtained data, valued at about N3.8 billion.
Further investigations uncovered the participation of insiders working alongside external collaborators to execute the scheme.
In a second phase of operations carried out in May 2026, NPF-NCCC operatives acted on intelligence and conducted coordinated raids across Kano, Katsina, and Zamfara states, leading to the arrest of key suspects identified as Musa Muhammed Kwandi, Nura Sadauki, and Aminu Muhammed.
Other suspects arrested include IT specialist Musa Hassan Mohammed, Samson Alisigwe, and Yusuf Shehu, all of whom are believed to have benefited from the proceeds of the fraud.
Through extensive financial investigations and asset tracing efforts, police recovered almost N90 million and seized properties linked to the alleged criminal enterprise.
The NPF-NCCC said investigations are ongoing to identify additional accomplices, trace more proceeds of the crime, and ensure that all individuals found culpable are prosecuted.
Olatunji Rilwan Disu, Inspector-General of Police (IGP) reaffirmed the Nigeria Police Force’s commitment to safeguarding the nation’s critical digital infrastructure and intensifying efforts to combat cybercrime across the country.
General News
AfreximBank Urges Nigeria, Others to Strengthen Continental Trade

The African Export-Import Bank (Afreximbank) has urged Nigeria and the rest of Africa to strengthen intra-African trade and resilience to protect against geopolitical shocks.

In a recently released Trade and Development Finance Brief, titled: ‘Africa’s Trade and Investment Landscape’, which examines the structural challenges shaping Africa’s trade performance and investment outlook in an increasingly uncertain global environment, it pointed out that Africa’s trade landscape remained heavily dominated by the export of raw materials, including agricultural products, oil, gas and minerals.
The report, however, regretted that imports continued to be heavily skewed towards manufactured goods and machinery.
The report noted that the existing export-import configuration leaves many African economies overly exposed to unfavourable terms of trade shock on account of external headwinds, including commodity price volatility, geopolitical tensions and associated global supply chain disruptions.
According to the report, the African Continental Free Trade Area (AfCFTA) remained central to efforts aimed at diversifying the continent’s trade base, strengthening regional value chains and increasing intra-African trade.
It further expressed that alongside the African Union’s Agenda 2063, the AfCFTA provides a practical framework for integrating fragmented markets, expanding industrial production and boosting productivity, with intra-African exports projected to increase by more than 20 per cent within a decade as implementation advances.
Also, the report further highlighted the importance of scaling investment in trade-enabling infrastructure, including energy, transport, communications networks, ports and logistics systems, to reduce the cost of doing business and improve cross-border trade flows.
It expressed that targeted infrastructure investment could support industrialisation, strengthen regional specialisation and improve Africa’s competitiveness as an investment destination.
It also pointed to a wider set of priorities for strengthening the continent’s trade and investment ecosystem, including regulatory coherence, institutional strengthening, economic diversification, improved access to finance for small and medium-sized enterprises and greater use of digital financial technologies.
Besides, the report stated that domestic and foreign investment were increasing across many African economies, notwithstanding the observed dominance of foreign investment.
It further mentioned that the direction of investment flows was uneven across sub-regions, with Eastern and Southern Africa receiving a larger share of foreign direct investment compared to Western and Central Africa.
Afreximbank said the findings reinforced the need for coordinated action to expand trade finance, improve trade-enabling infrastructure, deepen regional integration and accelerate value addition across the continent.
Managing Director, Research for AfreximBank, Dr Yemi Kale, said regional development finance institutions, including AfreximBank, were playing an increasing role in supporting intra-African trade through trade finance and related initiatives.
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