News
Sulaiman, Onuegbu, Others Make Board of Lagos Angel

Lagos Angel Network (LAN), a “not for profit” entity that was formally incorporated in May 2015, for the purpose of organizing individual Business Angels to collectively invest in the most promising start-up businesses in Lagos has announced the appointment of its inaugural Board of Directors comprising of seasoned industry experts and professionals.
Adedotun Sulaiman, board’s chairman is a renowned management consultant and expert in organizational development, enterprise transformation and business process reengineering.
He retired as the country managing director of Accenture in 2005 and currently chairs the board of several companies with a major emphasis on the emerging electronic payments industry and companies in the entrepreneurial stage.
Collins Onuegbu who is the director in charge of Partnership & Sponsorship is founder and Executive vice chairman of Signal Alliance Limited, a leading player the Nigerian technology industry. He is also founder of SASWARE, a technology investment company that provides seed investment to early stage startups in the technology industry.
David Richards is the Memberships Director and a professional banker with several decades of experience across Africa.
He co-founded Midas Merchant Bank and was its first Managing Director and was also the first Finance Director of the Niger Delta Exploration Company a position he held until his retirement in 2008. He is a specialist in raising venture capital for the Manufacturing, Mining, and Oil & Gas industries.
Dipo Adebo is Director responsible for the network’s Processes, Procedures & Compliance with best practices. He is the founder of DAA Architects, which specializes in Hospitality and Retail Design.
He has undertaken several for major hotel management chains including Accor, Golden Tulip, Rezidor, and Hilton. He is a well-respected Architect of Record for several major developments across Nigeria.
Tokunboh Ishmael who is responsible for the network’s Financial Management practices is a co-founder and Managing Director of Alitheia Capital, an investment management and advisory firm.
She has advised on several acquisitions and also successfully raised over USD50m in funding in her previous roles as Managing Director of Avante Capital and Country Partner for Aureos Capital.
Segun Olukoya is Programmes Director with responsibility for co-ordinating the LAN Secretariat.
He is a Partner and member of the founding team at Nextzon Business Services who specialises in corporate and competitive strategy development, business planning and set up with a focus on corporate governance and organizational restructuring.
He is a member of the Investment Committee of the Vantage Guaranteed Income Fund and also sits on the Board of One Credit Limited.
’Tomi Davies is the Director responsible for Awareness, Education and International Relations. He is the founder of TVC Labs, a technology business incubation organisation and has been involved in the world of information and communications technologies for over 30 years.
He sits on the Boards of various companies including Sproxil Nigeria, Baas Online Properties, MBO Capital, Strika Entertainment, TechnoVision Communications, MoMo Academy and PeoplePrime. He is also the founding President of the African Business Angel Network (ABAN).
According to Mr Sulaiman, who chairs the board, “We have pulled together a unique team of pioneers who will bring their knowledge, practical experience, passion and networks to support the realisation of our mission. We are in this for the long haul and have no doubt that our efforts will lead to the emergence of several transformational Nigerian businesses that will go on to become pan African champions in their chosen fields.”
News
Google, UpSkill Universe Relaunch Hustle Academy to Bring Free AI Skills to Africans

Google and UpSkill Universe, Sub-Saharan Africa’s leading AI and business skills training partner, have announced a major redesign of the Google Hustle Academy programme.

For the first time, the free training initiative is open to everyone, not just business owners. The new curriculum is focused on equipping individuals and entrepreneurs with practical AI skills.
Small businesses are the engine of Africa’s economy, creating over 80% of jobs on the continent. To help them grow, the Hustle Academy was launched in 2022, providing bootcamp-style training on business strategy, digital skills, AI, and leadership. The program has since trained over 18,000 SMEs, with many reporting increased revenue and job creation.
Now, as AI reshapes the job market, the program is evolving. The 2026 edition is built for anyone in Sub-Saharan Africa, including employees, students, and jobseekers, who wants to use AI to advance their career.
To meet the needs of a diverse audience, the new format includes short, 60-minute webinars and more immersive, high-impact bootcamps. These sessions are laser-focused on putting AI to work immediately in areas like digital commerce, marketing, and growth strategy.
Speaking about the academy, Gori Yahaya, Founder & CEO UpSkill Universe said “The 2026 Hustle Academy is designed to close the AI Skills gap with hands-on training that is short, focused, and immediately useful. AI is reshaping how businesses win and how careers are built, right across this continent.
“We’re excited to renew our partnership, now in its fifth year with Google, combining their global AI leadership with our deep regional AI expertise. The next wave of AI leaders will come from this continent. We are making sure they are ready.”
The Hustle Academy initiative has strengthened digital competitiveness across emerging African economies by enabling SMEs to move beyond AI awareness to practical implementation, positioning them for sustained growth in an increasingly AI-driven business environment.
“We believe that the future of Africa’s digital economy lies in the hands of individuals and entrepreneurs alike. Our new strategy focuses on scaling reach by training individuals in the latest AI-centered tools and techniques,” said a Google representative.
News
Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt
Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.
GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.
Individuals owe N13.5 million to N35 million each.
Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.
More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.
Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.
Pedro urged prompt filings and payments.
News
Beware of Fake Cerelac Products – NAFDAC

National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

NAFDAC said Nestle Nigeria, the genuine Marketing Authorisation Holder of the product, received a complaint of suspected counterfeit purportedly manufactured by Nestlé Spain, bearing Batch Code 308002910.
It said that Nestle Nigeria reported that the complainant described that the counterfeit product emitted an odour suggestive of possible contact with fuel.
NAFDAC said that preliminary review of the product by Nestle Nigeria indicated that it had expired, in spite of the container displaying an expiry date of 10-2026, which suggested that the date coding had been tampered with (revalidated).
Nestle Cerelac Mixed Fruits and Wheat is a nutritious infant cereal, designed to be a delicious first food for infants.
NAFDAC said that its post-marketing surveillance’s directorate officers in Lagos conducted a surveillance visit to Maxland Shopping Centre, 193 Ago Palace, Okota, where the product was purchased by the complainant.
It added that the suspected counterfeit and unregistered Cerelac were found on sale at the premises and subsequently mopped up, while Nestle assisted in identifying the distinguishing features between registered and unregistered product.
According to the regulatory agency, Nestle revealed that the unregistered product used a hyphen (-) to separate the day from the year, while the registered product used a slash (/) to separate the day from the year.
“It is important to note that Nestle Nigeria is not aware of the channels through which the products are supplied into the country.
“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified regulated products to the nearest NAFDAC office, call 0800-162-3322, or send an email to [email protected],” NAFDAC said.
The agency warned that counterfeit formula often lacked essential nutrients, vitamins and minerals, leading to stunted growth or developmental issues.
It said that such formula might also contain contaminants that might lead to severe health consequences to infants or even death.
NAFDAC reiterated its commitment to safeguarding public health adding that it would continue surveillance activities to ensure the quality, safety, and efficacy of all NAFDAC-regulated products circulating in Nigeria.
It said that all zonal directors of the agency and state coordinators had been directed to carry out surveillance and mop up the revalidated product, if found within the zones and states.
The agency urged distributors, retailers, healthcare professionals, and caregivers to exercise caution and vigilance within the supply chain, to avoid the distribution, sale, and use of fake products.
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