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Tara Fela-Durotoye, Others to Mentor Winners of Microsoft Mobile’s “From Passion to Empire” initiative

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Tara Fela-Durotoye,t op Nigerian beauty entrepreneur
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Microsoft Mobile Devices and Services has announced that it will be working with three highly successful indigenous entrepreneurs to mentor eventual winners of the ongoing ‘From Passion to Empire’ campaign to ensure full attainment of the goals of the initiative. 

The selected mentors include, top Nigerian beauty entrepreneur, Tara Fela-Durotoye, entertainment mogul and founder of the Chocolate City Group, Audu Maikori and founding partner of leading careers and jobs website, Jobberman, Opeyemi Awoyemi.

They are throwing their weights behind the ongoing Microsoft Lumia 535 Dual SIM activation ‘From Passion to Empire” and would be screening entries made to ensure that only worthy business ideas are picked for the next phase.

According to the organisers, entries for the competition remains open till March 31, 2015. ‘From Passion to Empire’ initiative is aimed at testing the viability of young entrepreneurs’ ideas, sharpening their skills and expanding their frontiers through intensive business coaching aimed at helping them transform their business ideas to empires.

Tara Fela-Durotoye is a trained lawyer who pursued her dream of becoming a successful make-up artist is the CEO of House of Tara International and designer of the Tara “Orekelewa” Beauty range, Inspired Perfume and the H.I.P Beauty range. She emphasizes the role of passion in attaining success in these words: “When you want to succeed as much as you want to breathe, that’s when you will be successful.”

Multi-talented Nigerian entrepreneur, Audu Maikori, is famous for his globally acclaimed record label, Chocolate City, which represents a number of international artistes.

Also a trained lawyer, Maikori is an entrepreneur, social activist and poet. An example of one that has transformed his passion to a business empire. One of his abiding aspirations is to build the biggest entertainment empire in Africa.

Awoyemi is the co-founder of Nigeria’s leading job search-engine, Jobberman. The groundbreaking job search site began as the dream of young Awoyemi and a couple of friends.

Dream turned to reality for him during the 2009 industrial action of the Academic Staff Union of Universities (ASUU). An eloquent testimony to the empire Awoyemi has made of his passion is that the Forbes Magazine has listed Jobberman as one of the Top 20 Tech Startups in Africa.

According to  Olumide Balogun, Senior Marketing Manager, Microsoft Devices and Services “Lumia is for inspired people who do not recognize boundaries in the quest to reaching for their goals. We know that such people abound in Nigeria and we are happy to work with established entrepreneurs and the Enterprise Development Centre (EDC) of the Pan Atlantic University to offer them the opportunity to soar through the ‘From Passion to Empire’ initiative.”

Lumia smartphones and tablets, including the Microsoft Lumia 535 Dual SIM, specifically, provide business tools every entrepreneur needs to achieve the extraordinary.

The Lumia 535 Dual SIM offers five great integrated Microsoft experiences, a wide-angle 5 megapixel front facing camera, and a spacious 5 inch display protected with Gorilla Glass 3, unique selling propositions that make it a perfect device for entrepreneurs who want to do more on the go.

At the end of Passion to Empire, five people with the most brilliant business ideas would be awarded the sum of N3.5m each, in addition to being mentored by these successful entrepreneurs.

They will also undergo three days of training at the Enterprise Development Centre (EDC) of the Pan Atlantic University.


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E-Business

NDPC, 60 DPAs Collaborate on Enforcing Privacy Rights in the Use of Al

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Nigeria Data Protection Commission (NDPC) has joined sixty (60) other Data Protection Authorities (DPAs) in endorsing the “Joint Statement on Al-Generated Imagery and the Protection of Privacy.”

NDPC, 60 DPAs Collaborate on Enforcing Privacy Rights in the Use of Al

NDPC

The Joint Statement was coordinated by the International Enforcement Cooperation Working Group (IEWG) of the Global Privacy Assembly.

This underscores the growing concerns regarding the privacy risks posed by Artificial Intelligence tools capable of generating realistic images and videos of identifiable individuals.

The Joint Statement highlights concerns over the misuse of Al-powered tools to create non-consensual imagery, defamatory content, and other harmful materials, particularly affecting children and vulnerable groups.

It calls on organisations to implement strong safeguards, ensure transparency, provide effective content removal mechanisms, and comply fully with applicable data protection laws.

The current effort forms part of a continuum of steps being taken by Nigeria to ensure the responsible use of Al. It will be recalled that the Honourable Minister of Communications, Innovation and Digital Economy, Dr ‘Bosun Tijani, led the initiative for the development of the National Al Strategy.

The NDPC also issued the General Application and Implementation Directive (GAID), which, amongst others, mandates privacy by design and privacy by default in the development and deployment of Al tools.

The National Commissioner/CEO of the NDPC, Dr Vincent Olatunji, has directed that the Nigeria Data Protection Act (NDP Act) Compliance Audit Returns (CAR) by data controllers and processors of major importance will serve as a yardstick for monitoring and evaluating responsible use of Al for data processing in Nigeria.


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Jumia Tech Week 2026 Begins with Tech Deals on Smartphones, Electronics, and Everyday Technology

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Jumia Nigeria has announced the launch of Jumia Tech Week 2026, a two-week campaign offering customers access to discounted technology products across key categories, including smartphones, computing, home entertainment, and wearable devices.

Starting from March 2 to March 15, Jumia Nigeria’s Tech Week 2026 is themed ‘Tech Products for Less’ – a deliberate commitment by the e-commerce giant to drive down the cost of technology products for Nigerian consumers. The campaign offers significant price reductions across key product categories, enabling more Nigerians to access the devices they need at prices that reflect the company’s dedication to affordability and consumer value.

Jumia Tech Week will feature deals across a wide range of product categories, including mobile phones, computer systems and accessories, televisions and audio equipment, gaming products, home appliances, portable power solutions, health technology,, and wearable devices.

Customers will also have access to curated recommendations, including top smartphone deals, must-have accessories, gaming essentials, and home technology upgrades.

According to Temidayo Ojo, CEO of Jumia Nigeria, the campaign reflects Jumia’s broader commitment to making everyday technology more accessible to Nigerians.

“Technology has become an essential part of everyday life, and access to the right devices enables more people to participate fully in the digital economy,” said Ojo. “At Jumia, we remain focused on expanding access and improving the shopping experience as we continue to build Nigeria’s everyday retail destination.”

The campaign will include a range of customer engagement initiatives such as flash sales, brand days, anchor deals and interactive activities designed to enhance the online shopping experience.

Special highlight periods, described as Explosion Days, will take place on March 6 and March 13, featuring limited-time offers across selected technology categories. Customers will also be able to participate in interactive activities, including product-based games, treasure hunts,, and live shopping sessions during the campaign period.

The campaign will feature participation from leading brands including Oraimo, Silver Crest, Samsung, Ecoflow, Nivea and Aeon, offering customers a wide selection of technology, household and lifestyle products. Early access promotions already begun during the teaser period from February 16 to March 1, allowing customers to preview selected deals ahead of the official launch.

Jumia Tech Week forms part of the company’s broader strategy to expand e-commerce adoption by improving access to essential products and enhancing the customer experience across its platform. As Nigeria’s e-commerce market continues to grow, Jumia remains focused on strengthening its product assortment, logistics capabilities, and digital experience to serve customers better nationwide.

Customers can participate in the campaign by using the Jumia mobile app or visiting the Jumia website and following the conversation online using #JumiaTechWeek.

 


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House Queries NDIC: ₦5m Max Payout for Failed Bank Depositors

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Nigeria Deposit Insurance Corporation (NDIC) pays between ₦2 million and ₦5 million as deposit insurance to customers of liquidated banks, Managing Director Thompson Oludare Sunday told the House Committee on Insurance and Actuarial Matters during 2026 budget defence.

House Queries NDIC: ₦5m Max Payout for Failed Bank Depositors

NDIC

House Spokesperson Akin Rotimi Jr sought details on depositor entitlements, citing Heritage Bank’s June 2024 collapse and public concerns over financial confidence.

Sunday explained NDIC’s mandate: banks pay risk-based premiums (now under 1%, down from 15/16 of 1%) to guarantee deposits. Coverage is ₦5 million for deposit money banks, primary mortgage banks (PMBs), and microfinance banks (MMOs); ₦2 million for other financial institutions.

Using BVN, NDIC auto-pays guaranteed sums without visits for amounts up to the limit. For Heritage, post-revocation, NDIC liquidated assets—selling buildings, recovering loans, realizing investments—and paid a second ₦24.63 billion dividend on January 6.

“Anything above ₦5 million or ₦2 million depends on recoveries,” Sunday said, noting ongoing asset sales and debt chases.

Committee Chairman Ahmed Jaha Babawo commended the clarity, noting the limit rose from ₦500,000 to ₦5 million recently. Over 90% of Heritage depositors got insured sums in under four days, meeting International Resolution Deposit (IRD) standards.

Babawo added liquidation dividends would be discussed in executive session.


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