General News
GMB Says He’ll be Ruthless against Corruption, B/Haram
Muhammadu Buhari, Nigeria’s president-elect, did not smile while making his acceptance speech on Wednesday — understandably, as terrorism and corruption were his main talking points.
A day after piling up substantial vote totals against the incumbent president, Mr. Buhari, a former general who once rose to power in a military coup, further consolidated something extraordinary for Nigeria: the peaceful passing of power from one political party to another through the ballot box, according to New York Times.
The country is now a democratic nation like others, Mr. Buhari suggested Wednesday, both in his words and in the fact that the democratic process had worked well enough that he could give the speech at all.
But in his remarks in the Nigerian capital, Abuja, Mr. Buhari also bluntly enumerated two scourges in this giant democracy: the ruthless onslaught of the Boko Haram militant group and the “evil of corruption,” as he put it.
In pairing them so prominently, he appeared to be setting his agenda for the coming months. And in lieu of a detailed policy platform from Mr. Buhari, who was short on specifics during his campaign, his vow to defeat Boko Haram amounts to a national security strategy, while fighting corruption has become an economic one.
President-elect Muhammadu Buhari, a former military leader, vowed to fight the scourges of corruption and Boko Haram militants.
On Wednesday, he focused more on the challenges posed by corruption than on the dangers of Boko Haram, perhaps indicating a veteran soldier’s disdain for the group as a true military threat.
Though Boko Haram has killed thousands of civilians and stormed across big stretches of territory, Mr. Buhari was bluntly dismissive of the insurgents in a January interview on the campaign trail, characterizing their fighting abilities in disparaging terms.
“Boko Haram will soon know the strength of our collective will,” he said Wednesday. “We shall spare no effort until we defeat terrorism.”
As a practical matter, Boko Haram, despite having pledged allegiance to the Islamic State terrorist group, is now less of a menace on the ground in Nigeria than it was in January.
A coalition of foreign and domestic troops has substantially reduced Boko Haram’s footprint in the northeastern territory it had been holding for much of the past few years. Troops from Chad have taken the handful of border towns once held by the militants, and the Nigerians, backed by South African mercenaries, have taken others.
It is impossible to verify the Nigerian military’s claim that nearly all the previously Islamist-occupied towns in the northeast — “local government areas,” as they are called in Nigeria — have now been reclaimed from Boko Haram. But many have been, and the latest, Gwoza, had been a Boko Haram stronghold for months.
More challenging for Mr. Buhari will be the rot in the army that led to Boko Haram’s ascendance in the first place: corruption at high levels, poor morale, and troops underequipped because much of the $6 billion military budget has apparently been diverted.
“What they have is such an institutional problem, it’s going to take a long time to fix it,” said a diplomat in Abuja, who was not authorized to speak publicly. The hiring of mercenaries to defeat Boko Haram is a “short- to mid-term solution until they can address the other thing,” the diplomat said.
In interviews, Mr. Buhari has spoken of his anger at seeing foreign troops play a leading role in solving Nigeria’s Boko Haram problem. But he may not have much choice for now.
Most difficult for him will be how to handle the command deficiencies that put frightened, lightly armed soldiers in the field against Boko Haram, leading to many losses and retreats in Nigeria’s nearly six-year battle with the militants.
Human rights abuses against civilians by the Nigerian military have also been disturbingly common, with soldiers killing and detaining residents en masse.
“What has been consistently lacking is the required leadership in our battle against insurgency,” Mr. Buhari said in a speech at the London think tank Chatham House in late February.
Here, he will tread gingerly, Mr. Buhari has suggested, seeking to determine responsibilities before proceeding to, say, firing the top chiefs whom many blame for Nigeria’s military failures.
Boko Haram led Mr. Buhari on Wednesday to segue immediately into Nigeria’s corruption problem, which “attacks our national character” and “distorts the economy,” he said.
He made it clear that, falling oil prices aside, he sees this as the country’s top economic problem, telling the audience at Abuja’s International Conference Center that “such an illegal yet powerful force soon comes to undermine democracy.” He promised to “end this threat to our economic development and democratic survival.”
At Chatham House, Mr. Buhari suggested that what he called a “war waged on corruption” would be the first step in tackling the country’s pressing economic problems.
The price of oil, on which the government depends for over 70 percent of its revenue, has tumbled. Nigeria’s currency has fallen some 20 percent against the dollar over six months. Foreign currency reserves are dwindling, and an oil-revenue rainy day fund has been ransacked.
“In the face of dwindling revenues, a good place to start the repositioning of Nigeria’s economy is to swiftly tackle two ills that have ballooned under the present administration: waste and corruption,” Mr. Buhari said at Chatham House.
Several Nigerian economists suggested that Mr. Buhari’s strategy was plausible as a first step.
“The first thing to do is to recognize that there is so much waste in government,” said a leading Lagos economist, Pat Utomi.
“If you cut the graft, you can do things,” he said. “We have a new presidential jet in this budget. Most airlines in Nigeria don’t have as many jets as the presidential fleet.”
Another economist also suggested that Mr. Buhari’s anticorruption stance was critical in a country with, as a recent World Bank paper put it, a “deeply embedded culture of corruption.”
With the new president’s emphasis on “accountability, integrity and transparency,” one economist, Bismarck Rewane, said the “missing piece in the Nigerian economy” would be filled in.
Of course, other Nigerian politicians have promised to end corruption, only to fail or even steal with abandon afterward. But there is some reason to think Mr. Buhari may hew more closely to his promises. As military ruler in 1984 and 1985, he did not enrich himself. And he ruthlessly pursued those whom he accused of corruption.
“Corruption will not be tolerated by this administration, and it shall no longer be allowed to stand as if it is a respected monument in this nation,” he said Wednesday.
General News
Fiona Ahimie Launches LEADHER Mentorship Session to Inspire the Next Generation of Female Leaders
As part of activities leading up to her investiture as the 14th President of the Chartered Institute of Stockbrokers (CIS) and the first female President in the Institute’s history, Dr. Fiona Ahmed Ahimie, Managing Director of First Securities Brokers Limited, hosted the inaugural LeadHER Mentorship Session last week.
The session, themed “Leading with Purpose, Breaking Barriers, Building Legacy,” brought together emerging female professionals and aspiring leaders from across various industries for an engaging afternoon of mentorship, learning, and empowerment.
The LeadHER Mentorship Session was designed to provide participants with practical insights into leadership, career advancement, personal development, and navigating challenges in the traditionally male-dominated sectors.
Through candid conversations and shared experiences, attendees gained valuable perspectives on building successful careers while creating lasting impact within their organizations and communities.
Speaking at the event, Dr. Ahimie noted that leadership is not merely about achieving personal success but about creating pathways for others to thrive.
“Throughout my professional journey, I have benefited from the guidance, support, and encouragement of remarkable mentors. The LeadHER Mentorship Session is an opportunity to pay that forward by equipping and inspiring the next generation of women to pursue excellence, embrace leadership opportunities, and break barriers with confidence,” she said.
The mentorship session forms part of a broader commitment to advancing female participation and leadership within Nigeria’s financial services industry and the wider corporate ecosystem. It also reflects Dr. Ahimie’s longstanding dedication to talent development, professional excellence, and inclusive leadership.
The event provided a platform for meaningful dialogue, networking, and knowledge sharing.
Dr. Ahimie’s investiture as President of the Chartered Institute of Stockbrokers marks a historic milestone for the Institute and the Nigerian capital market, underscoring the growing role of women in shaping the future of the financial services industry.
Ventures Platform and the Yemisi Shyllon Museum of Art (YSMA), Pan-Atlantic University, are pleased to announce Haneefah Adam as the winner of the inaugural Ventures Platform–YSMA Futures Art Award, a pioneering public art commission established to support artistic innovation and future-focused cultural expression in Nigeria.
L-R: Kola Aina, Founding Partner, Ventures Platform; Dotun Olowoporokun, Managing Partner, Ventures Platform; Haneefah Adam, Artist and winner of the Futures Art Award; and Jess Castellote, Director, Yemisi Shyllon Museum of Art, Pan-Atlantic University during the Presentation of the Ventures Platform-YSMA Futures Art Award at Ventures Platform’s 10th Anniversary Dinner in Lagos on June 19, 2026.
The announcement was made during the 10th Anniversary Dinner of Ventures Platform in Lagos, where Haneefah was formally recognized following a competitive national selection process that attracted submissions from artists and art collectives across Nigeria.
As the winner of the Award, Haneefah will be commissioned to create a 12-foot public sculpture titled Bloom in Unexpected Places, which will be permanently installed within the YSMA and Pan-Atlantic University environment.
Selected through a rigorous jury process involving leading artists, curators, scholars, and cultural professionals, the proposal distinguished itself through its originality, conceptual strength, artistic ambition, and thoughtful engagement with the Award’s central theme: Reimagine the future and build into form through art.
The work explores themes of growth, resilience, innovation, and possibility, inviting audiences to reflect on how creativity and human ingenuity can flourish in unexpected circumstances and environments. Through its scale and public presence, the installation is intended to spark conversations about the future while enriching the cultural landscape of the University and the wider community.
The Award represents a landmark moment in Haneefah Adam’s artistic journey. While she has earned recognition for her innovative and socially engaged practice, this commission marks her first institutional award, her first major public art commission, and the largest public artwork of her career to date.
Speaking on behalf of YSMA, Museum Director, Jess Castellote described the Award as an important investment in both artists and public culture.
“At YSMA, we believe museums have a responsibility not only to preserve cultural heritage but also to support the creation of new cultural futures. Haneefah’s proposal impressed the Jury with its clarity, imagination, and relevance to contemporary conversations about innovation and possibility.
“We are delighted to support the realization of this ambitious work and to welcome it into the Museum’s growing public art programme.
“The Ventures Platform–YSMA Futures Art Award demonstrates what is possible when cultural institutions and private-sector partners work together to invest in creativity and public engagement.”
For Ventures Platform, the Award forms part of its broader vision of supporting the systems, ideas, and people shaping Africa’s future.
According to Kola Aina, Founder and General Partner of Ventures Platform: “As we celebrate ten years of backing visionary founders across Africa, we wanted to create something that reflects our belief that innovation is not confined to technology or business alone.
“The future is also imagined through culture, creativity, and the stories we tell about ourselves. This Award represents an investment in imagination itself.
“Haneefah’s proposal captures that spirit beautifully, and we are excited to see it come to life as a public artwork that inspires curiosity, reflection, and optimism.”
The Award is one component of a broader three-year collaboration between Ventures Platform and YSMA, which also includes entrepreneurship-focused masterclasses, guest lectures, and student engagement initiatives within the Pan-Atlantic University ecosystem.
Supporting the long-term legacy of the programme is Atsur Technologies Ltd, the exclusive Provenance Infrastructure and Physical-Digital Documentation Partner for the Ventures Platform–YSMA Futures Art Award. Through this partnership, every commissioned artwork produced under the Award will be professionally digitized, authenticated, and recorded using Artsur’s provenance and collection management technology, ensuring robust documentation of the artist’s creative process, the artwork’s history, and its enduring place within Nigeria’s cultural record. This partnership reflects a shared commitment to strengthening transparency, documentation standards, and the long-term preservation of contemporary African artistic production using innovative technologies.
Commenting on her selection, Haneefah Adam expressed gratitude for the opportunity and excitement about the journey ahead.
“I am deeply honoured to be the inaugural recipient of the Ventures Platform–YSMA Futures Art Award. To have my work selected from among so many strong submissions is both humbling and encouraging. Bloom in Unexpected Places is rooted in the belief that creativity, hope, and transformation can emerge even in the most unlikely circumstances. I look forward to working with YSMA and Ventures Platform to bring this vision into the public realm and create a work that invites people to think differently about the future.”
Beyond the commissioning of a single artwork, the Ventures Platform–YSMA Futures Art Award seeks to establish a new model for collaboration between the cultural and innovation sectors. By positioning artists as active participants in conversations about technology, entrepreneurship, and societal transformation, the Award expands the ways in which the future can be imagined, questioned, and made visible.
As work begins on Bloom in Unexpected Places, the project signals a bold commitment by both Ventures Platform and YSMA to nurturing creative talent, supporting public art, and fostering interdisciplinary approaches to shaping the future.
Association of Licensed Telecommunications Operators of Nigeria (ALTON), official industry body and advocacy group for major telecommunications providers in Nigeria, has backed the Central Bank of Nigeria’s (CBN) directive requiring banks and fintechs to host payment transaction data locally.
Gbenga Adebayo, chairman, ALTON
Gbenga Adebayo, chairman, ALTON, said this in an interview with the News Agency of Nigeria (NAN) in Lagosat the weekend.
His position follows a recent CBN directive mandating that banks, fintechs, and other payment service providers store payment transaction data generated in Nigeria on local servers from January 1, 2027.
The directive forms part of measures aimed at strengthening oversight of the country’s rapidly growing digital payments ecosystem.
Adebayo said data sovereignty required countries to take responsibility for their entire data value chain.
According to him, this covers data collection, management, storage, and integrity assurance.
“We cannot continue to outsource that to other jurisdictions.
“The more we host our data locally, the better for us,” he said.
Adebayo said local hosting would enable Nigeria to manage data end-to-end and guarantee the integrity of critical information.
He noted that hosting payment data outside the country increased communication requirements, latency, and retrieval costs.
“For every transaction involving data hosted outside our shores, communication has to take place from your location to the host and back.
“It increases latency and also increases the cost of data retrieval,” he said.
The ALTON chairman described the directive as an important first step toward achieving national data sovereignty.
He also dismissed concerns about infrastructure readiness, saying Nigeria already had significant data center capacity.
According to him, several Nigerian-owned facilities currently host data for organisations operating from other jurisdictions.
“I’m happy to say that we have a lot of data centres owned and managed by Nigerians that are hosting data from other jurisdictions.
“If people overseas can host their data here, why can’t we host our own data here?” he queried.
Adebayo argued that local hosting would reduce dependence on foreign infrastructure while improving national control over data security.
He said concerns about security and reliability should not justify continued reliance on foreign hosting providers.
“No one can protect your house better than yourself.
“You have more at stake in terms of security and safety than somebody else hosting your data,” he said.
The telecom industry leader also highlighted the cost implications of local hosting.
He said organisations that host data locally would pay in local currency rather than foreign currency.
According to him, this would help reduce exposure to exchange rate pressures and lower long-term operating costs.
Adebayo said Nigeria currently had about six Tier III data centres, with additional facilities under development.
He, however, stressed that capacity was more important than the number of facilities.
“It’s not just about the numbers; it’s about the capacity of what they can host.
“So far, we can,” he said.
He urged stakeholders to accelerate efforts toward domestic data hosting and management.
“The earlier we begin to domesticate our data hosting and data management, the better for us,” Adebayo added.
CredibleVoteNG Opens Free Access to all Polling Units in Nigeria after INEC Demanded N1.Bn for Register
NESREA Defends Plastic Waste Rules, Says Policy Targets Pollution
FG Engages Banks on RevOp, New Digital Platform for Revenue Generation
Kaspersky Discovered a Malware Campaign Targeting Steam Users Through Infected Wallpaper
Fiona Ahimie Launches LEADHER Mentorship Session to Inspire the Next Generation of Female Leaders
CBN Extends PoS Geo-Fencing Enforcement Deadline to August 2026
London Strengthens Global Investment Ties with Africa @ First Ever London-Africa Business Summit
FG Targets Alleged N3tn Capital Flight, Opens Airtime Credit Market to Nigerian Fintechs
Japan, UNESCO Boost Digital Learning in 15 CoEs with Donation of ICT Equipment
African Electric Vehicle Platform Raises $215m to Scale Electric Mobility in Nigeria, Others
Telecom1 day agoMTN Nigeria Commits to Ethical Conduct with IFRS S1, S2 Compliance
News1 day agoBoI’s EIB-Backed Financing Accelerates Fidson’s Pharmaceutical Manufacturing Growth
General News1 day agoALTON Backs CBN on Local Data Hosting Rule for Banks, Fintechs
E-Financial1 day agoFG Moves to End Double Taxation
E-Business1 day agoNDPC to Review Data Law to Address AI, Privacy Concerns
E-Business1 day agoGalaxy Backbone @ 20, Unveils New Identity
General News1 day agoNwanegbo Bags Africa Digital Award in Applied Artificial Intelligence and Data Science
Telecom1 day agoNCC, CAC Move to Block Unapproved Ownership Changes in Telecom Sector