News
Starcomms Chairman Promotes African Investment in Columbia
Chief Maan Lababidi (OON), chairman of Starcomms Nigeria Plc., has demonstrated his support for the inflow of foreign direct investment to Africa as a whole and Nigeria in particular by sponsoring the recently concluded 7th Annual African Economic Forum.
The forum was organized by the SIPA-Pan African Network, African Business Club and the African Law Students Association of the prestigious Columbia University. The forum took place at the Columbia Business School in New York City. This year’s forum, which had the theme: “Africa Turning Golden: How a Continent is Moving Forward,” was a gathering of experts in global business. The Forum has been adjudged the largest Africa-focused event at Columbia University. According to the organizers of the forum this year, scholars and business people from diverse fields, discussed opportunities and challenges as well as strategies for a prosperous Africa.
“Our generation has witnessed remarkable changes that revolutionized our thinking with respect to African growth and development. Today, we seek to highlight the rebirth of the beautiful African minds that have emerged as a result of these changes,” said Chidi Iwuchukwu & Rebecca Engle co-chairs of the forum
Though of Syrian-Lebanese origin, Chief Lababidi has his imprint on many sectors of the Nigerian economy, employing thousands of Nigerians. His interests in the country cut across businesses like flour mills, luxury hotels, fisheries, telecommunication networks and construction companies. He has been deploying his resources into promoting the flow of foreign investments into Nigeria in elite circles. He is a founding member of the African Round Table (ABR) and the Nigeria-Arab Association. He holds the chieftaincy titles of Baba Oja of Lagos and Baba Adinni of Ijebuland. The chief was honoured with the Order of the Niger (OON) award by President Olusegun Obasanjo in 2002.
He has also devoted his time to supporting sound educational pursuit for young Nigerians. For the past three years, Lababidi, through Starcomms Plc. has been partnering with the Columbia Business School to organize forums in Nigeria where representatives of the school rub minds with aspiring Nigerians. The annual collaboration with the Columbia Business School was designed to enhance the skills and experience of Nigerian professionals who may want to proceed to the institution for further education. The globalization of business in recent times has made it imperative for Nigerian business professionals to look beyond the shores of the country for capacity building.
Chief Maan Lababidi is the executive chairman of the Fou’ad Lababidi Foundation which oversees the administration of the Lababidi Islamic Academy, a post primary educational institution. Chief Lababidi holds a Bachelors Degree and a Masters Degree in Civil Engineering from the University of Texas USA where he graduated with Honors in both cases.
News
SERAP Sues INEC Over Alleged ₦55.9Bn Election Funds Diversion

Socio-Economic Rights and Accountability Project (SERAP) has dragged the Independent National Electoral Commission (INEC) to court over the alleged failure to account for ₦55.9 billion reportedly meant for the procurement of election materials for the 2019 general elections.

The grave allegations are documented in the latest annual report published by the Auditor-General on 9 September 2025.
In the suit number FHC/ABJ/CS/38/2026 filed last Friday at the Federal High Court in Abuja, SERAP is seeking: “an order of mandamus to direct and compel INEC to account for the missing or diverted N55.9 billion meant to buy smart card readers, ballot papers, and other election materials for the 2019 general elections.”
SERAP is also seeking: “an order of mandamus to direct and compel INEC to disclose the names of all contractors paid the N55.9 billion for the procurement of smart card readers, ballot papers, result sheets, and other election materials for the 2019 general elections, including the names of their directors and shareholders.”
In the suit, SERAP is arguing that: “INEC must operate without corruption if the commission is to ensure free and fair elections in the country and uphold Nigerians’ right to participation.”
SERAP is also arguing that, “INEC cannot ensure impartial administration of future elections if these allegations are not satisfactorily addressed, perpetrators including the contractors involved are not prosecuted and the proceeds of corruption are not fully recovered.”
According to SERAP, “INEC cannot properly carry out its constitutional and statutory responsibilities to conduct free and fair elections in the country if it continues to fail to uphold the basic principles of transparency, accountability and the rule of law.”
SERAP is also arguing that, “These allegations also constitute abuse of public office and show the urgent need by INEC to commit to transparency, accountability, clean governance and the rule of law.”
SERAP also said, “Allegations of corruption in the supply of smart card readers, ballot papers, result sheets and other election materials directly undermine Nigerians’ right to participate in elections that are free, fair, transparent, and credible.”
The lawsuit filed on behalf of SERAP by its lawyers, Kolawole Oluwadare, Kehinde Oyewumi, and Andrew Nwankwo, read in part: “These grim allegations by the Auditor-General suggest a grave violation of the public trust, the Nigerian Constitution 1999 [as amended] and international anticorruption standards.”
“According to the recently published 2022 audited report by the Auditor General of the Federation (AGF), the Independent National Electoral Commission (INEC) ‘irregularly paid’ over N5.3 billion [N5,312,238,499.39] ‘to a contractor for the supply of Smart Card Readers for the 2019 general elections’.
“The contract was awarded without prior approval from the Bureau of Public Procurement (BPP) and the Federal Executive Council. The payment was also ‘made without any document. There was no evidence of supplies to the commission.’”
News
FG Inaugurates N40Bn CCTV Control Centre for Third Mainland Bridge

Federal government has inaugurated a ₦40 billion closed-circuit television (CCTV) control centre for the Third Mainland Bridge in Lagos.

Speaking at the inauguration on Sunday, David Umahi, minister of Works, said the project followed extensive rehabilitation works carried out on the bridge after the current administration took office in 2023.
“When we came on board in 2023, we met a very terrible Third Mainland Bridge,” Umahi said, adding that the structure, along with Carter and Iddo bridges, required comprehensive re-evaluation and repairs both above and below water level.
He said President Bola Tinubu approved the total rehabilitation of the bridge, including replacement of expansion joints, noting that the completed work had improved driving conditions and extended the bridge’s lifespan.
Umahi said the CCTV system, first announced in 2025, was designed to curb dangerous driving, prevent suicide attempts and strengthen security.
He added that security personnel would monitor live footage from the control centre and enforce speed limits on the bridge.
The minister commended the China Civil Engineering Construction Corporation (CCECC), which executed the project, for what he described as high-quality delivery. He said the contract also included a surveillance boat and two Hilux vans, which would be handed over to the police to support monitoring and rapid response.
“The idea is that we can see everything that is happening on the bridge,” Umahi said, expressing concern over excessive speeding and urging motorists to comply with traffic regulations.
Earlier, Olufemi Dare, federal controller of works in Lagos, said the facility was the first of its kind on any bridge in Nigeria.
He said the system allows real-time monitoring of activities on the bridge and surrounding waters.
Dare said the project includes 240 solar panels, 10 inverters, a 300 KVA transformer, a standby generator, multiple monitoring screens and full air-conditioning for the control centre.
He added that the contract also covers 1,268 solar-powered street lights and a borehole facility.
According to Dare, the project was awarded at a cost of ₦40.17 billion, with about ₦36 billion paid so far to the contractor. He said the current inauguration marked the first phase, with additional commissioning planned once work on the bridge’s extension is completed.
He thanked the president for approving the project and praised Umahi for ensuring due process during its execution.
News
AI Founders and Developers to Converge in Lagos for AI in Action 2026 conference

As Africa stands at the threshold of a digital revolution, Carbon AI has officially announced the AI in Action 2026 conference, scheduled for January 22, 2026, at the Lagos Oriental Hotel.

In a statement in Lagos, Debola Ibiyode, Convener of AI in Action 2026 and CEO of Carbon AI, disclosed that the AI in Action 2026 conference aims to move beyond the typical industry hype to focus on practical, homegrown innovation under the theme: “Driving Productivity, Innovation, and Sustainability—Building the Future in AI Together.”
“AI in Action 2026 is designed as a high-impact platform where deep-tech innovation meets real-world application. The conference will specifically explore how Large Language Models (LLMs), Agentic AI Frameworks, and Generative AI can be harnessed to power Africa’s transformation,” she noted in the statement.
Debola also emphasizes that the time for mere discussion has passed, stressing that AI in Action 2026 is for people who want to do more than just talk about AI; it’s for those ready to build, apply, and lead.
“We aren’t chasing hype or funding; we are chasing real impact. Our mission is to empower budding founders to turn ideas into deployable solutions while championing responsible AI adoption that creates measurable social and economic change across the continent,” she added.
The statement explains that the conference features a curated experience designed to foster genuine collaboration. It includes keynote speeches and panels that offer deep dives into Generative AI, Agentic Frameworks, and their intersection with global sustainability.
Attendees can participate in practical workshops with hands-on sessions focused on building, deploying, and scaling AI tools. The event also features a startup and product showcase that highlights cutting-edge, African-built AI solutions.
Additionally, dedicated mentorship and networking sessions will connect early-stage founders with seasoned practitioners and industry leaders.
The event is a call to action for a diverse cross-section of the ecosystem, including Software and AI Engineers, Data Scientists, Business Leaders, Educators, Policymakers, Students, and ICT Infrastructure companies, enabling AI deployment, including datacenter providers. By bringing these groups together, the conference seeks to ensure the AI revolution is inclusive, ethical, and sustainable.
AI in Action 2026 Now offers tiered sponsorship packages for organizations looking to position themselves at the forefront of Africa’s technological future. Sponsors will gain direct access to a unique demographic of decision-makers and the next generation of AI talent.
“Africa’s digital revolution must be homegrown. Whether you’re building solutions, shaping policy, or mentoring young innovators, this is your platform. Together, we’re not just discussing the future, we’re building it,” she concluded.
General News1 day agoMinistry of Finance Leads FG-Backed Deal to Deliver Quality Homes and Boost Agriculture in Niger State
News1 day agoSERAP Sues INEC Over Alleged ₦55.9Bn Election Funds Diversion
Telecom1 day agoFG Plans to Invest $460m World Bank Loan in Fibre Infrastructure
News1 day agoAI Founders and Developers to Converge in Lagos for AI in Action 2026 conference
E-Financial1 day agoNDIC Declares Second Liquidation Dividend for Heritage Bank Depositors
General News1 day agoTax Reforms Panel Rejects KPMG’s Critique of New Laws
News1 day agoFG Inaugurates N40Bn CCTV Control Centre for Third Mainland Bridge
General News1 day agoIndonesia Blocks Elon Musk’s Grok Over Deepfake Concerns













