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FG should See Telcos as ‘Wards and Babies” – Omo-Ettu

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l-r: Prof. Jim Rice, Project Director, Management Sciences for Health, USA and  Guest Speaker at West African Health (WAH) 2013; and Dr. Wale Alabi, CEO WAH
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Titi Omo-Ettu, telecommunications engineer has more than three decades of active participation in the Nigerian telecommunication development.
The iconic consultant and trainer with focus on developmental processes was recently elected president, Association of Telecommunications Companies of Nigeria (Atcon). The new Atcon boss has been consultant to the Nigerian Communications Commission from its inception in 1993 to date, serving the Commission in the areas of industry studies and research, universal service plans and internet applications. He offers similar services to private sector clients. Omo-Ettu is also managing partner of Telecom Answers Associates, and founder of The Cyberschuul, a Lagos based telecommunications training Institute. He is Council member and Vice-President of the Council for the Regulation of Engineering in Nigerian, (COREN).  Omo-Ettu talked about the telecom industry and sundry issues in this interview with ken nwogbo.

Major Focus as your Tenure as New Atcon President
Our consultation process has just commenced and the end of such wide consultation will produce what constitute the major planks of our strategies.
Getting Operators to Improve Quality of Service
We shall communicate more among ourselves within the industry, with the consumers of our products and with the regulator and governments.
With that we shall resolve several areas of clogs in our wheel of development and then develop with less stress. The implication of all that, will include rise in quality of service.
Market Dominance Real or Imaginary?
I am not aware of dominance going by my back ground information as an industry research person. But with the consultation that is afoot one may soon see what is being perceived as dominance if indeed there is no dominance.
Price Cap and Lower Tariff
Price cap is not new and there is not much radical thing about it. The point to make about it is that a line should be drawn between price cap and price control. I trust the regulator to be very adequate in drawing the line.
Reluctance to Share Infrastructure
Really? We did not say that collocation is a magic wand. It is certainly an industry management tool which needs time to mature. You may not be right to say operators are still reluctant to share. I suggest you check your facts. They were. Not any longer.
Improving Access to the internet
With improved communications among all concerned as we hope to make the cornerstone of our strategy, we shall be able to make the Federal Government see telecommunication firms as its ‘wards and babies’ which need its support at various levels. Such support will be capable to bring down the cost of access ultimately at the end-user level. Give us time.
Merger the NBC and NCC in the Face of Converging World
We favour restructuring that takes full advantage of convergence of technology and management of technology. One fall out of it is the unification of licensing and regulatory regime. I do not like to call it a merger because that phraseology undermines what really the solution proffers.
Reaction to Charges of being Pro-establishment
It has to do with my pedigree. I am trained as an engineer and that equips me to use my brain more than anything else to solve problems. Again I have a record of having consistently intellectual engagement with governments and I must be an ingrate not to admit that to a very large extent my class has influenced the growth and development of our industry in many positive ways. With such a record I cannot imagine me seeing the need for confrontation.
In any case I am a believer in the imperialism of our Institutions. That means I detest anything that berates or undermines our institutions once they are established. Again I have always believed that those who are in government are usually there for such a short period that even where they fall below expectation, we can tolerate them while we prepare our institution to be used properly under the next dispensation.
Activists of my class have seen a turn over of more than 20 Ministers of Communications in my 37 years of active practice in the field. We managed our relationships with them to get to where we are and to get what we think is best for our society. We could have done more but we are just a bunch of human beings who are not infallible.
It is already late in the day for me to even contemplate using any other strategy. I have crossed the 60 years line and whoever I am dealing with in government can only be at best as old as I am. And I regard them is an embodiment of authority. So why should I fight them?
What is more, I am now representing the business class. You don’t dare fight government when your issue is business. You will just destroy other people’s investment before you know it. That is why I had to do this intervention.
And Unfinished Business of Learning
At the NIG-NCC-FUTO ICT for jobs seminar on April this year, I presented a paper on unfinished business of the “Learning to Earn” campaign in Nigeria
The main point I was making was: what we currently have is a halfway house between where we are and where we should be. It will be fairly disingenuous for my fellow ICT advocates and I to claim that governments have not listened to us in the last 15 years. Those who contend so either have an unrealistic expectation of government administration, collective amnesia, or both. There however should be a tacit acknowledgement, on our part, that that we could have presented our cases better. What is palpably true is that our achievements appear to have come up slightly short, given the commendable rapport between us and governments on these matters.
It will be equally impractical for the industry to shoulder the blame for the aforementioned lack of progress. We need all hands on deck – government, industry and the public – if we are to turn the tide of our current education system churning out job seekers instead of active job creators.


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EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

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Economic and Financial Crimes Commission (EFCC), has detained Tunde Ayeni, former chairman of defunct Skye Bank Plc, for alleged fraud involving N36.5 billion and $30 million.

EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

Tunde Ayeni, former chairman of defunct Skye Bank Plc,

This follows the probe of alleged diversion of N36.5 billion and $30 million secured as loans from Polaris Bank Plc through companies linked to Ayeni.

He was arrested by EFCC operatives in Abuja on April 23, 2026, and is still been held in custody as at the time of filling the report.

Dele Oyewale, spokesperson, EFCC, confirmed the arrest on Friday but declined to provide further details.

Ayeni is under investigation for diverting funds obtained for marine security, electricity distribution, and real estate projects into other unknown projects.

Investigators allege the loans were instead channelled into telecom investments tied to NITEL/MTEL assets via a NATCOM account.

About 12 firms believed to be connected to Ayeni are also under investigation for their role in securing the loans.

The EFCC is expected to file charges once the investigation is concluded.


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Summit Factory Opens in Ogun, Targets Hygiene Market Expansion

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L-r: Sadiq Ali, General Manager, Summit Household Solutions Limited; Oba Abdulakeem Odunaro, Onikotun of Otun, Ota; Hon. Wasiu Adewale Lawal (FCA), Executive Chairman of Ado-Odo/Ota LGA; Mr Kehinde Akintomide, Permanent Secretary, Ministry of Commerce, Trade and Investment, Ogun State; and Mojeed Maaradesa, Manufacturing Manager, during the commissioning of the ultra-modern factory by Summit Household Solutions Limited in Ota on Thursday.
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Summit Household Solutions Limited has opened its ultra-modern manufacturing facility in Ota, Ogun State, as part of its efforts to scale production of home and personal care products in Nigeria.

The plant, which started operations in April 2025, produces items such as dishwashing liquids, handwash, sanitisers and multipurpose liquid soaps, with an annual capacity estimated at 7,000 tonnes.

Commissioning the facility on behalf of Governor Dapo Abiodun, the Permanent Secretary, Ministry of Commerce, Trade and Investment, Mr Kehinde Akintomide, said the investment reflects growing confidence in Ogun State’s business environment.

He noted that the state hosts over 6,000 manufacturing firms and described the development as consistent with ongoing efforts to promote industrialisation, attract investment and reduce reliance on imports under the Federal Government’s Renewed Hope initiative.

Akintomide disclosed that the factory has already employed more than 50 Nigerians, with projections to exceed 250 jobs as operations expand.

In his remarks, the General Manager of the company, Mr Sadiq Ali, said the facility represents a major step in Summit’s growth plans, adding that its flagship brand, 2Sure, currently leads production at the plant.

He also revealed that the company is preparing to introduce new home and personal care products later this year.

Summit Household Solutions manufactures the 2Sure brand and has expanded into the personal care segment with Lewar, a premium beauty soap line positioned for quality and affordability.

Among dignitaries present were the Onikotun of Otun, Ota, Oba Abdulakeem Odunaro, representing the Olota of Ota, Prof. Adeyemi Abdulkabir Obalanlege; the Agba Akin of Ota, Chief Dada Olusola; Director of Investment, Ms Yemisi Folarin; Director of Industrial Promotion, Mr Femi Adeboye; former Managing Director of 7Up Bottling Company, Mr Ziad Maalouf; and the Chief Executive Officer of OmniRetail, Mr Deepanker Rustagi.

Speaking at the event, Maalouf, who conceived the 2Sure brand during his time at 7Up Bottling Company, expressed satisfaction with its growth and commended Summit Solutions Limited for advancing the brand.

The special guests were conducted around the facility, and the programme was concluded with a luncheon.

 


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US Freezes $344m in Crypto Linked to Iran in Major Crackdown

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The administration of Donald Trump has frozen $344 million in cryptocurrency allegedly linked to Iran, marking a sharp escalation in financial pressure on Tehran.

US Freezes $344m in Crypto Linked to Iran in Major Crackdown

The move comes amid stalled diplomatic efforts and a fragile ceasefire in the region.

U.S. Treasury Secretary Scott Bessent confirmed that authorities are sanctioning multiple crypto wallets tied to Iran. “We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he said.

Tether, which facilitated the transactions, said it worked with U.S. authorities to freeze the funds across two wallet addresses after receiving intelligence linked to unlawful activity.

A U.S. official said blockchain analysis revealed “material links” to the Iranian regime, including transactions routed through intermediary addresses connected to wallets associated with the Central Bank of Iran.

Responding to the development, Tether CEO Paolo Ardoino said the company does not tolerate illicit use of its stablecoin. “USD₮ is not a safe haven for illegal activity. When there is credible linkage to sanctioned entities or criminal networks, we act immediately,” he stated.

The crackdown underscores the growing reliance of sanctioned states on digital assets to bypass traditional banking restrictions. Data from Chainalysis shows Iran’s cryptocurrency holdings reached $7.8 billion in 2025, with the Islamic Revolutionary Guard Corps reportedly controlling about half.

Analysts say while the freeze is significant, Iran has historically adapted to sanctions. Daniel Tannebaum of the Atlantic Council noted that targeting third-party actors enabling such transactions may be key to increasing pressure.


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