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Pomp, Ceremony @ 5-Star Presentation of TD Mobile
Glamour and glitz were out in force at the weekend as the crème of the Nigerian society and elsewhere line lined up the red carpet for official unveiling of TD Mobile, the revolutionary scion of Technology Distributions (TD) Ltd, sub Saharan Africa’s’ largest ICT Distributions company.
The five-star event held at the prestigious Expo Centre of the prestigious Eko Hotels in Victoria Island, Lagos drew who is who in Nigeria; top celebrities; and musical acts.
The guest included: CEOs of top banks in Nigeria like: Phillips Oduoza of UBA Plc; Nnamdi Okonkwo of Fidelity Bank; and Herbert Wigwe of Access Bank.
A-list musical acts like Naeto C, JMartins, Inyanya, Teckno Emma Nyra and a host of others also headlined the event.
Mrs Gozy Ijogun, business manager of TD-Mobile, in her welcome address, cited the desire to win and to further expand the frontiers of internet access as driving motivation behind the launch of TDMobile.
Her words: “We are well aware that despite the increasing growth rate in the ICT industry, over sixty percent of Nigerians still have limited access to the internet.
“TDMobile is the window to the world of access. Our aim is to bridge the divides between the rich and the poor, between the young and the old, between East and West and between North and South through the distribution of a range of smart devices such as Phones, Phablets, Tablets, Laptops, Mobile Printers and devices. We are focused on distribution of genuine Mobile devices through our hundreds of Partners that will radically change the way we live and do business.” She added
She paid glowing tributes to partner organizations such as HP, Nokia, Toshiba, Dell, Lenovo, IBM, among others and to the TD Mobile team for the support and hard work which went into making the launch a reality.
Ime Umoh, managing director of HP Computers, hailed the launch of TD Mobile as a timely response to the dynamic and changing face of the industry and end-user requirements.
According to him, we are living in a technology-mediated world; one in which the customers demand more and more innovative solutions not only in the area of pervasive devices but in other modes as well. In his view, the successful launch of TDMobile is testimony to the vision of the Management of Zinox Group especially that of its Chairman Leo Stan Ekeh, who has continued to drive changes in the ICT industry.
In his Keynote address, Mr. Mattew Wilshire, chief executive officer of Etisalat Nigeria, saw a congruence between the indefatigable Nigerian spirit and the launch of TDMobile. In his words:
“I have been in this country for only about 18 months but I have been impressed about a number of things with this country. The most striking is the people. Nigerians are a resilient, vibrant people who love to take on new challenges and this is crystallized in the launch of new companies as the one we are witnessing today.
“It’s not an easy task but it is a similar story to ours at Etisalat as we are just six years old but we are proud to be associated with TDMobile as major partners. I am optimistic that the launch of TDMobile signifies the beginning of a new dawn in the area of access to technology for Nigerians and we are glad to be a part of that.”
Mr. Stan Ekeh, chairman/chief executive officer of the Zinox Group, in a landmark speech, traced the history of the organization and also offered an insight into the future with the launch of TDMobile.
“ We are keen to expand the market and move from being the biggest ICT distributor in Sub-Saharan Africa to the number one position in Africa and this we intend to achieve in the next 18months”. Mr.Ekeh said from October 2nd, Technology Distributions Ltd will split into three arms: TD-Mobile, TD- Mainstream and TD Solutions and Services distributions .He also announced that the group has raised N18B for expansion and our financiers insist we invest a percentage to expand TDGroup while a reasonable percentage is meant for Research and Development and local capacity building in support of the new local content policy of the federal government in the ICT sector. He appreciated the fund syndicators for the trust and assured of prudent use of the fund. He also said part of the money raised will be for the establishment in Abuja of the single largest ICT Service and Support Center and Products Showroom in Africa. These will be commissioned before end of November this year and subsequently in other regions in Nigeria. “We are fulfilling these commitments this year” Mr.Ekeh said. He also announced the selection of TD Champions this year and assured that partners shall be selected based on their total achievement and winners shall in addition to other perks, will enjoy the benefit of direct mentorship by him.
Mr Ekeh also talked about a 24hour intelligent Hub that will go live in the month of November to support end users of ICT products from credible brands.
This and the authentication system will help reduce the abuse of the Nigerian ICT market with fake products.
He also assured friends, the Press and Partners of the Group, that the Group is tinkering listing in the stock Market but that is after achieving number One position in the whole of Africa. He advised all stakeholders in the industry to expect major global positive disruptions in the ICT sector and should be prepare to take advantage of these.
The event ended with a worldclass movie like multimedia presentation by TD-Mobile.
DataPro Rating Agency has upgraded the long-term credit rating of Dangote Cement Plc to AA+ from AA, citing the company’s strong financial performance, market leadership and ability to meet its financial obligations despite Nigeria’s challenging economic environment.
In its latest rating report, the technology-driven credit rating agency also affirmed Dangote Cement’s short-term rating at A1, with a Stable Outlook. The ratings are valid until June 16, 2027.
DataPro said the upgrade reflects the cement maker’s sustained financial strength, resilient operating performance and dominant position in Nigeria and across Africa.
According to the agency, the assessment followed a comprehensive review of the company’s capital base, earnings, liquidity, corporate governance, regulatory compliance and the sustainability of its financial performance over the medium to long term.
It noted that Dangote Cement’s strong brand, leading market share, solid earnings, robust asset base and experienced management continue to strengthen its ability to meet financial commitments on time.
The agency also highlighted the company’s outstanding financial performance in 2025.
According to the report, Dangote Cement posted N4.31 trillion in revenue during the year, representing a 20 per cent increase from the previous year. Profit before tax more than doubled, rising 109 per cent to N1.53 trillion, driven by higher sales, improved operating efficiency, lower finance costs and a stronger capital structure.
DataPro said the AA+ long-term rating indicates low credit risk and reflects excellent financial strength, business profile and operating performance relative to its rating benchmarks.
It added that the A1 short-term rating signifies good credit quality and shows that the company has a strong capacity to meet its short-term financial obligations as they fall due.
The rating agency, however, noted that the credit rating has a maximum shelf life of 12 calendar months in line with international best practice and should be used only as a reference, not as an offer to trade in securities or as a substitute for investors’ independent judgement.
Xora Finance has announced it will no longer consider job applicants from Nigeria.
Xora Finance is a digital bank founded by Joren Lundgren, in February 2026 and allows users to deposit and earn interest on their XRP cryptocurrency.
Lundgren, founder, in an announcement on X (formerly Twitter), cited an ongoing pattern of misconduct, such as dishonesty and theft, from previous Nigerian hires as the reason for the decision.
This sudden blanket ban came just days after the company’s official career page was aggressively recruiting remote workers for marketing and content roles.
The announcement generated heavy backlash online, with many people upset that a blanket rule punishes honest job seekers.
Some lawyers have said that victims of Ponzi schemes have legal remedies, although recovering lost funds and prosecuting perpetrators remain major challenges.
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new participants rather than from actual profits.
Operators lure victims by promising high returns with little to no risk.
The scheme inevitably collapses when the flow of new investors slows down.
Some lawyers who spoke to News Agency of Nigeria (NAN) separate interviews with on Sunday, said that victims could pursue civil actions to recover their money.
Mr Chibuikem Opara, a lawyer at Justification Chambers, Ikeja,said many Nigerians continued to fall victim to Ponzi schemes in spite of repeated warnings.
Opara said it was wrong to attribute participation in Ponzi schemes to a lack of investment opportunities, noting that promoters often exploit investors’ greed through promises of unrealistic returns.
“What you cannot take away is the fact that many Nigerians have fallen and continue to fall victim to these schemes every time,” he said.
According to him, victims may individually or collectively institute civil actions against the beneficiary company for breach of contract or refund arising from failure of consideration.
Opara said victims could also unite to seek an order from the Federal High Court to wind up the beneficiary company.
He, however, noted that such efforts might yield little benefit if perpetrators had already siphoned the funds and left behind an empty shell.
The lawyer said available remedies largely depended on the actions of relevant authorities, adding that recipient accounts could be frozen to facilitate fund recovery and support winding-up proceedings.
Opara said regulators and law enforcement agencies often became aware of Ponzi schemes only after substantial losses had occurred.
According to him, victims frequently failed to report suspicious schemes early enough to enable timely intervention.
He added that funds are sometimes moved outside the country before authorities become aware of the fraud.
Opara also cited inadequate information and the deceptive nature of the schemes as major obstacles to investigation and prosecution.
“Most times, everything about the schemes is made to appear elusive, just like the profits promised to victims,” he said.
Also speaking, Mr Vincent Aminu of A.F. Aminu and Co. advised that victims of investment scams should report such cases to appropriate law enforcement agencies on time.
Aminu said victims could petition the Economic and Financial Crimes Commission (EFCC) or file reports with the police.
He said that after investigation, prosecutors could bring charges against suspects under relevant fraud-related laws, including provisions of the Criminal Code and the Advance Fee Fraud and Other Fraud Related Offences Act.
Beyond criminal prosecution, Aminu said .victims could pursue civil actions to recover their money
According to him, such actions may be based on breach of contract, unjust enrichment, or fraudulent misrepresentation, depending on the circumstances.
He added that victims could petition the Securities and Exchange Commission (SEC), which could investigate illegal operators, shut down unauthorised platforms, and freeze assets.
He identified the anonymity of online fraudsters as one of the biggest challenges confronting investigators.
According to him, many operators concealed their identities through fake digital profiles and technologies that made tracking them difficult.
Aminu also noted that victims who delayed taking legal action risked losing opportunities for redress.
He added that prolonged court proceedings often delayed justice for victims.
“Many fraud-related cases take years before the court reaches a verdict, thereby delaying justice for victims,” he said.
Also, Mr Chris Ayiyi of Ayiyi Chambers, Apapa, described Ponzi schemes as a gamble that benefited early participants at the expense of later investors.
Ayiyi said some early entrants received returns on their investments, thereby encouraging others to join the schemes.
He said the schemes eventually collapsed, leaving late investors to bear the losses
The lawyer called for a complete ban on Ponzi schemes or sustained public enlightenment campaigns against them.
He urged the National Assembly to enact laws that would strengthen regulation and provide greater protection for investors.
According to him, stronger legal safeguards are necessary in a country operating a capital-based economy.
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