General News
Nasuba Express Targets Billions of Naira Transfer to Nigeria-Meyer
Jean-Claude Meyer is the executive director of LC2 Group, promoters of Nasuba Express. LC2 has footprints in broadcasting, telecommunications and interconnection sectors. Mr Meyer has lived in Nigeria for over fifteen years and has used his contacts in the country to drive the company’s new product in Nigeria. He spoke to emeka okafor on the new product.
Nasuba Express
Nasuba Express which is promoted by LC2 group is originally a telephone card company enabling people to reach home at cheaper rate. As we evolved, we started to work on how people can also get news back from home. Then we rapidly created a television channel which is also available live on the internet and of course across Western Africa. Then we evolved the idea thinking how the teeming population can now send money back home without using the traditional money transfer offices which are usually very problematic in the fact that you need to follow up during working hours and you have to physically go there.
It is also dependent on fund availability at the receiving end and of course the time delay also considered. Sometimes it can take you days and if it is a weekend, how do you do to address the immediate need or problem? We then created the Nasuba Express Card. It was originally targeted at the Diaspora to be able to have a Visa card that can be accepted anywhere around the world. Rapidly we actually saw the possibility in the card being a tremendous tool to bank the unbanked because it does not require bank account. Any bank partnering with us can freely dream of an increasing 15million card holders. Not only that we have an ingenuous card loading system, which amongst other ways uses the scratch card.
Scratch card is a possibility which means just like people have been using scratch card to recharge their phones, you will be able to load your money onto your card on Nasuba Express directly using your scratch card. There’s no need to go to the bank to deposit your money, no need to have a banking relationship in the first place, you just walk a minute away from where you are. Scratch cards will be distributed just like the telephone scratch cards. You get it and you scratch and in a minute your money is loaded on your card.
Partnership with Visa Card & MasterCard
We are fully licensed by Visa and they have helped us to develop this product as a matter of fact. All our call centres, monitoring platforms are fully approved and licensed by Visa International and Vocalcom. Our approval and license is worldwide. Every single continent that has Visa will be working with our card. We are in full partnership with Visa and Master Card.
Loss of Card: This is very simple. You have to call us usually within 24 hours telling us that you have lost your card or it’s been stolen or damaged. At this point we cancel it and we simply ask you to get another card. Since these cards are not nominated you can naturally pick them up from retail approved point or from the base itself. Once you have done that, just call us again and tell us your new card number and we will reload all the money you had on that very card that was lost, damaged or stolen. So your money is safe. Handling cash invites the risk of losing the cash or have the risk of getting robbed and this has direct implication on your health obviously and on your finances. With this card, you don’t need to spend more that a minute with cash in your pocket. Right away as you get your salary or get paid for whatever it is, you get a scratch card and load the money onto your card and you can be withdrawing from it with a lot of securities behind it like secret question, and PIN. If you are confronted by armed robbers let them have the card and afterward give us a call and we cancel the card and issue you another one with all your money intact.
Security Features: First of all, like every debit or credit card that exists, the security features are minimally the same. Like I said before we are fully Visa approved which means that they also considered our security procedures and ensured that what we have in place is valid against transfers and any form of attack. But we have implemented extra security features simply because we don’t want to suffer from any kind of bad reputation. These security features that normal banks don’t normally always have are first of all security questions that only you will testify to us indirectly to our call centre. You will be the one telling us what you want the question to be and the answer. If you fail to supply the correct answer, no matter you are the real owner of the card you won’t be able to access the money online unless we go into ID verification. Any other card, what you need is to find the PIN, if you are chip and PIN enabled, which we have to commend the CBN for their new regulation about enforcing the EMV compliance in Nigeria. It’s not like this all over the world but it is a very good thing that Nigeria, being the leading economy in Africa is enforcing it. We will completely enforce this on all our cards not only in Nigeria but across the world. On top of that we offer some extra security steps.
Nasuba Express and International Regulations
Like I said, all our products will be chip and PIN. Not only that all the international security regulations and all the legal aspects have been fully abided to with the card. In each of the country where we are launching Central Bank regulations will be followed. There is no case our card will constitute itself to money laundering or to any other activity that is deemed illegal by the Central Banks of each country’s operations.
Competition with Other E-Payment Solutions
First of all, let me say one thing, there’s no other single product in the world that does what Nasuba Express Card does. Some e-Payment companies or products will let you transfer money from card to card but that is done with bankable bank account to obtain the card. Ours doesn’t require bank account. We are also viable solution to bank the unbanked like telephone. Because our card does not require a bank account, it is easily acceptable unlike other e-payment solutions that claim they bank the unbanked with bank account. In this case people have to go to the bank to load their account and go through other processes. Our solution is the scratch card which will be easily available. As soon as you have the cash, you just have to walk a minute away from where you are, get the scratch card and give the money to the person that has the ticket or the PoS in the approved retail and load the money directly into your card.
Targeting the Unbanked
Our target is not the unbanked, not the Diaspora. Our target is to ensure that the one trillion naira that goes into the cash business yearly is secure. Our target is hundreds of billion being transferred from one place to the other either locally or internationally transferred inward into Nigeria. Those are our target. All those monies in the hands of the unbanked, the Diaspora, we want to convince all of them to use our product so that we carry their funds safely in a very reliable fast and cheap manner because we are very cheap.
Accessing the Rural Area
As our card does not need a bank account, as you would know you don’t have many bank branches in the rural areas, so that first of all gives us a step. With us, you don’t need a bank account, you don’t need to go to the bank neither do you need bank relationship. Our card is easily deliverable in the rural areas since it is not nominated and there are many ways of marketing it and getting it across the rural areas. We could very well think of a marketing way like a truck with a couple of marketing people on board and internet connection such as 3G that MTN, Glo and other telecom companies provide, and they go to the rural area in different regions explaining to the people what we provide. In the rural areas you can find the scratch cards. 63 million Nigerians have telephone that means the number does not exclude people in the rural areas. It also means that people in the rural area have access to scratch card and that is all you need once you have access to your card so it is very easy for us to implement in the rural area.
How We Make Our Profit
I was having a meeting the other day with bank representatives and I actually told them that our product would become very cheap. Ours is usually so cheap that it is cheaper than known money transfer alternatives for example. The banks will ensure that the rate is cheap on the local market because they are an active part of fixing the rate, but on the international market we will ensure that it is cheap. Our brand colour is red; black and white which are also the colours of Santa Claus. We don’t value the amount for transfer, we value volume. We are in other countries all around the planet, we have volume advantage. Our card is not an exclusive product and will be available to all banks in Nigeria, therefore the market is complete and we are ensuring volumes. Our card also is marketed in the same way in other countries of the world.
Actual Launch of Product in Nigeria
In Nigeria, we are actually working on that. We are in very good terms with many different banks, not all of them by any mean. The feedback we get from the banks is really encouraging. Provided that we finalize with the banks soon enough we don’t need a couple of months, let’s say four months maximum to be on every street in Nigeria. As soon as every aspect legal, financial, marketing, and partnering is finalized to the level we would consider sufficient and deem acceptable to present to the Nigeria population, then we would launch. We have Nigerian partners that are working with us to achieving that goal. We are working hand in hand with many different Nigerian companies and individuals to make sure that Nigeria hits the market in a very hasty manner.
Telecoms Companies
For sure, they are very important to our business. We will be mutually beneficial. Of course everybody that is calling for our card is doing that through a telecom company. Also we are talking with telephone companies thinking how we can try and save cost for them by issuing Nasuba scratch card which people can use to reload their phones.
General News
AfCFTA, AGRA Collaborate to Reduce Non-tariff Barriers to Intra-African Food Trade

The African Continental Free Trade Area (AfCFTA) secretariat signed a Memorandum of Understanding with nonprofit organisation Alliance for a Green Revolution in Africa (AGRA), towards improving agricultural trade in the continent.

On the margins of the 39th African Union Summit over the weekend when the MoU was signed, Wamkele Mene, secretary-general of the African Continental Free Trade Area (AfCFTA) Secretariat, said the three-year ‘Agriculture Trade Action Plan’, was created to ensure better distribution of food products and solve enduring food insecurity for producers, processors and consumers across the continent.
“The continent of Africa in the last few years has been undergoing a food crisis. Africa has the grains but we continue to be a net food importer.” The Secretariat would leverage on the “technical skills,” and “the expertise of AGRA combined with trade tools to enable movement of agric products across the African continent.”
“The main objective is to reduce the cost of food import bill in Africa,” he added.
On its website, AGRA says it is an African-led institution focused on scaling agricultural innovations that help smallholder farmers to increase incomes, live better, and improve food security.
Mene said the Secretariat had spent the last three years working on the plan that is expected to “reduce the cost of food and help to develop agro processing industries. Ministers of trade will adopt it and take it to heads of state for adoption,” he said.
Alice Ruhweza, president of AGRA said the partnership was about “virtual water.”
“When we trade maize, citrus and processed dairy across borders, we’re also trading the water we use to produce them,” she said “And by integrating our markets, water-abundant regions can nourish water-scarce regions,” she said.
AGRA and the AfCFTA said they will commit to protecting food systems from drought and floods, by linking food corridors and food baskets into agro-processing zones that utilise sustainable water management
“We will empower smallholder farmers to ensure the free trade prosperity reaches farmers and youth who farm our land and protect our streams,” they promised, with the end goal being that “ no child goes to bed hungry.” “Let this partnership prove that when Africa trades with itself, it feeds itself,” Ruhweza said.
General News
NDPC Orders Probe into Temu over Alleged Data Privacy Breaches

Nigeria Data Protection Commission (NDPC) has launched an immediate investigation into the data processing activities of popular e-commerce platform Temu, amid allegations of violating key provisions of the Nigeria Data Protection (NDP) Act.

Dr Vincent Olatunji, National Commissioner/CEO of NDPC, personally directed the probe following mounting concerns over Temu’s handling of personal data, including issues of online surveillance, accountability deficits, failure to uphold data minimisation principles, lack of transparency, inadequate duty of care, and questionable cross-border data transfers.
Preliminary inquiries by the commission reveal that Temu, a fast-growing global online marketplace, processes personal information belonging to approximately 12.7 million data subjects within Nigeria alone, while boasting 70 million daily active users worldwide. These figures underscore the platform’s massive reach and the potential scale of any non-compliance with local data laws.
In a stern public advisory, Dr Olatunji warned data processors engaging in activities on behalf of controllers to rigorously verify their partners’ adherence to the NDP Act, stressing that failure to do so could expose them to direct liability under the legislation.
The investigation was formally announced by Babatunde Bamigboye Esq., CDPRP, NDPC’s Head of Legal, Enforcement and Regulations, who emphasised the commission’s commitment to safeguarding Nigerians’ privacy rights in the digital age.
This action fits into NDPC’s broader enforcement drive against data mishandling in Nigeria’s booming tech sector. Just last year, the commission probed over 1,369 firms for similar infractions and launched sector-wide audits targeting fintechs and other high-risk processors. Earlier cases included investigations into the National Identity Management Commission (NIMC) over alleged privacy lapses and Optasia for data rights violations.
Experts view the Temu probe as a signal of heightened regulatory vigilance, particularly for foreign platforms tapping into Nigeria’s vast consumer base without full alignment to local laws. “Cross-border transfers without safeguards pose real risks to data sovereignty,” noted one digital rights advocate, speaking anonymously.
For millions of Nigerian shoppers drawn to Temu’s bargain deals, the development raises urgent questions about the security of their personal details, from payment information to browsing habits. NDPC urged affected users to monitor official channels for updates and report suspicious activities.
As the investigation unfolds, processors across the e-commerce ecosystem are bracing for potential audits, with non-compliant entities facing fines, operational curbs, or forced data localisation under the NDP Act.
NDPC reaffirmed its mandate to enforce compliance, promising swift action to protect citizens in an era of pervasive data-driven commerce.
General News
Leo Stan Ekeh Foundation, Zinox Group To Invest 10B on 1000 University Tech Scholarships for Indigent Nigeria Wiz-kids

By Eunice Omokaro
Africa’s foremost tech icon and Chairman of Zinox Group, Leo Stan Ekeh, who turns 70 on February 22, this year, has explained why he is not celebrating his 70th birthday with a mega party, preferring to offer University scholarships to additional 1000 Nigerian indigent wiz-kids to study Computer Science in Federal Universities so that the country’s private and public sectors could have a new generation of tech wiz-kids to support the growth of the economy.

Leo Stan Ekeh
He anticipates that these students who will not be bonded, shall disrupt global wealth equation in favour of Nigeria and defend our tech independence. Selection shall be based on a minimum Intelligent Quotient and age nationwide, and they shall be schooled and exposed beyond tech to become global Tech Citizens.
Speaking on phone, Ekeh said “Each shall have a tech mentor from year one, as I plan a partnership with Computer Society of Nigeria and every vocation they shall be engaged resourcefully. Beneficiaries shall be from poor homes and those with parents who earn below Government Level 10 and its equivalent in the private sector. The first batch starts this September, and I expect each to earn first class degree. This is my Group of companies’ and my little way of appreciating my country, individuals and corporates that gave us the opportunities in the last 40 years and still patronizing our Tech Group – Task Systems, TD Africa, Zinox Technologies, Konga etc. If we are successful with this spiritual mandate, I can then celebrate my 100 years on earth with a bang. With God and AI, I am aiming to make 120 years,” he said.
Ekeh, a largely humble and private person not known for celebrating birthday milestones, explained that rather than throwing a lavish birthday party befitting his newly attained septuagenarian age, he has chosen with his Group’s Management to provide world-class tech human capital to support growth of the nation’s economy.
“We need quality and tech-savvy wiz-kids who can drive the future of government and e-governance and those who will become change-makers in the private sector.
“I have been blessed and bruised in this country and I thank God. Frankly, I don’t see enough Nigerian tech wiz-kids who can defend the massive development anticipated in the next 5 – 10 years in the oil and gas, banking, agriculture, manufacturing, mining, entertainment, etcetera, and public sectors. We are becoming slaves in our own country in a knowledge century which is unfortunate. We are all arrogantly living just for today, forgetting that only four God-anointed tech wiz-kids can alter the GDP of this country in five years. The man who controls your tech resources decides your profit level and how far your country and corporations can grow in this second quarter of the 21st Century and in future,” he said.
Ekeh, who was once decorated by President Olusegun Obasanjo as ‘Icon of Hope’ on Nigerian Independence Day in 2003, for his tech-driven transformative impact on Nigerian economy and the youths, said Nigeria must begin to plan for the disruptions coming.
“The future is here but very fragile and disruptive, it’s either you are something or nothing at all. No middle ground. We need to alter the digital trajectories of our people. Technology is realistically the only profession in the world today that can alter the destiny of brilliant and humble kids from poor families and position them as huge wealth creators and sustainers. Though I am not really from a very poor family, but I am a testimony and shall tell the whole story in my book that shall be published last quarter of 2027. It shall be most revealing.
“This is my additional contribution amongst others to appreciate Nigerians, the Federal Government, sub- nationals and corporations that have been supporting my tech commitments and innovations on this side of the Atlantic,“ the soon-to-be septuagenarian said.
When asked how much it will cost to undertake such gigantic project, he said: “It is a spirit-driven project to thank those who supported and are still supporting companies within the Zinox Group. It has an annual cost that shall run into billions of Naira and my group is committed to it amongst other social responsibility projects like TD Africa Project to produce 10,000 female tech experts out of which 400 have graduated and are fully employed in different corporates in Nigeria. This is a 10-year project with other perks. The full package shall be revealed online on April 22, 2026,” he said.
However, beyond his birthday and the scholarship initiative, Ekeh in the last 40 years has been a worthy role model for philanthropy and a living exemplar of what it means to live for public good. He has been decorated with a lot of local and international awards. His group has trained and retrained over 3000 Nigerians and donated tech centres to over 25 institutions nationwide just to mention a few.
Ekeh was a former mass servant and chorister in his local community Catholic Church at Ubomiri, a sprawling community on the fringes of Owerri, Imo State.
One of his favourite pastimes is to seek out the poor and help them come up the ladder of life. He is an entrepreneur who draws a distinct line between capitalism and welfarism? He believes that capitalism must wear a human face; that profit must not take the place of empathy as no one came with and shall leave this earth with cash.
His philanthropy is not limited by geography. From south to the north, his imprints of charity dot many educational institutions. A couple of years ago, he built a church complete with rectory in his Ubomiri community, the same church where he was once a mass servant.
At the dedication of the church, he recalled in an emotion-laden voice: “My grandfather produced a Reverend Father who was ordained same day with Rev Canon Tansi. My father as a past time was a soloist in this church, and he served God with all his might; I was a mass servant and a member of this choir (pointing to the horde of choristers robed in red outfit). I have never tasted alcohol or smoked since I was born and I don’t know why. It was something that never appealed to me or fascinated me. I believe our good God decided to save me from birth.
“I come from a lineage of people who served God dedicatedly. I think I am a miracle child and was clear who I wanted to be from the day I launched out as a tech entrepreneur. I saw myself as an only Child even though I have siblings and, as an orphan even though my parents were alive and a bit civilized because no person around me even though educated, had tech knowledge to advise me, so I decided to take the pain before pleasure alone.
“I love God and will never hesitate to do anything in the service of God and humanity. I built this church as a mark of God’s special love and mercy towards me. I have the best wife any man would wish to have. She is a super star. She is intelligent, beautiful and unlike some women, she is not expensive and more importantly, we operate on the same tech wavelength. If for any reason I get stuck, she is the one to figure out the solution for me. God blessed me with brilliant and responsible children too. I am grateful to God because He has seen me through the valleys and mountains of life. As a mark of God’s mercy to me, I pay corporate tithes for all my companies. I didn’t read it in the Bible but I do it”, he told the audience.
“God is the architect of my success. As an entrepreneur, I have strategised, stayed up late, made projections but if there was no mercy of God and His grace to help me implement these, there will be no success. God has done me well; even for me to be alive, to come from the family I come from, the village, town, region and country I come from. Most importantly, God has managed me because He gave me a proactive personality, removing all the holes in my life. The temptations are there, you can imagine them. Maybe if I was taking alcohol, I would have been a mental guy. I work an average of 20 hours a day and near zero holidays and I have no health challenges,” he once told some journalists.
For Ekeh, the Forbes Best of Africa Leading Tech Icon, the scholarship for 1,000 Nigerian students remains a tiny drop in the ocean of multitude of philanthropies he has extended to persons and institutions across the continent quietly. Through his Leo Stan Ekeh Foundation (LSEF), his family’s non-profit, and the various companies under the Zinox Group, he has impacted humanity and institutions both in cash and kind, especially human-capital development, upskilling the hitherto unskilled in tech-techniques, institutionalising entrepreneurship in select universities and awarded countless local and overseas scholarships to Nigerians of all tribes and tongues to advance their quest for knowledge.
In the last two years alone, the Foundation launched three entrepreneurship centres at St. Augustine University in Epe, Lagos, Federal University, Birnin Kebbi, Kebbi State, Imo State University (IMSU) etc. The centres had been upskilling young men and women turning them to wealth and job creators, rather than job-seekers. At the IMSU centre, it was a moment of joy for about 200 young Nigerians who were the first set of beneficiaries of a 3-month entrepreneurship boost programme.
They were taught the fundamentals of entrepreneurship by the best coaches and experts drawn from Nigeria, United States and United Kingdom. Not only were they tutored by the best whizzes in diverse fields of human endeavour, they were also kept on a stipend throughout the duration of the programme to augment their weekly commute to the centre. In addition, each trainee was gifted a brand-new Z-pad tablet to aid their learning and upskilling process. Some also received interest free loans to launch their businesses.
What’s unique about Ekeh and his philanthropy is that he does them behind the scene. No cameras flashing. No media buzz. Just humane acts of a man fated for greatness and encased in God’s grace.
General News1 day agoNigeria’s Banks Race to Meet CBN Recapitalisation Deadline Amid Verification Push
General News1 day agoJumia Targets Break-even in 2026 After Strong Q4 Surge
General News1 day agoBOI, MTN Foundation Unveil N1Bn Fund for Women Entrepreneurs
General News21 hours agoUBA Unveils Diaspora Platform to Connect Global Africans with Investment, Wealth Opportunities
E-Financial1 day agoNo VAT on Land, Buildings and Rent Under New Tax Law — Oyedele
E-Financial1 day agoCBN Slams Up to N10m Fine on Banks and Cheque Printers for Security Breaches
E-Financial1 day agoIs Nigeria Borrowing to Survive or to Build?
General News14 hours agoLeo Stan Ekeh Foundation, Zinox Group To Invest 10B on 1000 University Tech Scholarships for Indigent Nigeria Wiz-kids












