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Joclemns Technologies Launches SolidWorks Software into Nigeria
For businesses in the medical, industrial, scientific, educational, technology, consumer and transportation markets; the emergence of SolidWorks software appears to have provided the sought-after respite. Design teams can now develop better products with SolidWorks software. Used by over half a million product designers and engineers worldwide, SolidWorks provides intuitive and straightforward 3D CAD tools to assist design teams develop better products. It is the leading 3D CAD solution worldwide, providing all of the functionality needed to design world-class products with unmatched ease of use for the freedom to focus on product design as against software. Speaking at a recent launch of the software solution in Lagos, managing director of Joclemns Technologies Limited, distributors of the product, Clement Nnedu, described SolidWorks as an extremely powerful, yet easy to use industry standard for 2D and 3D CAD designs used by more than 85% of the world’s top-ranked engineering institutions. "SolidWorks has proven its adaptability to most engineering design needs. Customers have used it to design a broad range of products, including exploratory sub-sea, electric vehicles, Formula one race cars, and industrial machinery with tens of thousands of parts." "It has been endorsed and embraced by top-ranked four and five-year engineering degree programmes, worldwide. Over 14, 000 academic institutions are using SolidWorks software to teach engineering technology and design," said Nnedu. The Joclemns managing director noted that the software has a larger and more active user community worldwide than any other mainstream 3D CAD software with half a million designers and engineers designing products at more than 80, 000 companies in more than 100 countries. He affirmed that SolidWorks has evolved with more product innovations and enhancements than any other 3D CAD product in the industry. This according to him means that the software has kept abreast of evolving customer needs and enhanced the technology to constantly meet those needs. Users of SolidWorks software all over the world have described the product as the better preferred 3D design or modeling software product amongst its competitors, which has resulted in companies migrating from their previous product design software to SolidWorks. Often acclaimed to be easier to learn and use, and with the ability to reduce product design time, usage of SolidWorks results in improved product quality and greatly reduces prototype fabrication cost. One distinct feature about SolidWorks design software according to Nnedu is that the designer and even his client can both have first hand experience of the ruggedness of the designed product by way of drop-testing the product to feel the impact that drop would have on it. "Ordinarily, a product dropped from such distance would break up but with SolidWorks software, having passed through drop-test, would still remain intact. This definitely, stands SolidWorks design software out from the rest of the 3D CAD platforms in its category," Nnedu intimated. He stated further that engineering educators and students understand that to compete effectively, they must migrate from today’s mixed world of 2D drafting tools and ad-hoc 3D modeling to a 3D-centric design process, where the 3D master model is the common basis for all drawings and other downstream functions. According to him, SolidWorks is the first product of its class to bring the power of solid modeling production into a native Windows environment adding that what SolidWorks has done for the industrial design world is providing the engineering-level design tool which designers can use, as opposed to CAD programmes of the past which have been prohibited for industrial designers either because of cost or complexity or even both. In Rwanda for example, government’s efforts at using science, technology, engineering, and mathematics (STEM) in driving the country’s economy got a boost with the partnership it entered with SolidWorks Corporation. SolidWorks is helping in the conversion of 2D files to 3D solid models as well as providing software and business expertise to launch and grow a start-up company in the country. SolidWorks’ involvement in the country is the latest in the series of efforts aimed at helping rebuild Rwanda’s infrastructure destroyed by the civil war that ravaged the country some years ago. SolidWorks Corporation has donated software and staff time to train teachers on how to use SolidWorks to promote STEM education with the goal of increasing the country’s engineering population. Nnedu believes that the introduction of SolidWorks software into Nigeria’s economic developmental plan would transform the country into a technology wonder and make the youth more productive. "It is the country’s most desired solution to providing innovative resource for learning and teaching across a broad range of engineering, design, and physical sciences subjects," he concluded.
Xora Finance has announced it will no longer consider job applicants from Nigeria.
Xora Finance is a digital bank founded by Joren Lundgren, in February 2026 and allows users to deposit and earn interest on their XRP cryptocurrency.
Lundgren, founder, in an announcement on X (formerly Twitter), cited an ongoing pattern of misconduct, such as dishonesty and theft, from previous Nigerian hires as the reason for the decision.
This sudden blanket ban came just days after the company’s official career page was aggressively recruiting remote workers for marketing and content roles.
The announcement generated heavy backlash online, with many people upset that a blanket rule punishes honest job seekers.
Some lawyers have said that victims of Ponzi schemes have legal remedies, although recovering lost funds and prosecuting perpetrators remain major challenges.
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new participants rather than from actual profits.
Operators lure victims by promising high returns with little to no risk.
The scheme inevitably collapses when the flow of new investors slows down.
Some lawyers who spoke to News Agency of Nigeria (NAN) separate interviews with on Sunday, said that victims could pursue civil actions to recover their money.
Mr Chibuikem Opara, a lawyer at Justification Chambers, Ikeja,said many Nigerians continued to fall victim to Ponzi schemes in spite of repeated warnings.
Opara said it was wrong to attribute participation in Ponzi schemes to a lack of investment opportunities, noting that promoters often exploit investors’ greed through promises of unrealistic returns.
“What you cannot take away is the fact that many Nigerians have fallen and continue to fall victim to these schemes every time,” he said.
According to him, victims may individually or collectively institute civil actions against the beneficiary company for breach of contract or refund arising from failure of consideration.
Opara said victims could also unite to seek an order from the Federal High Court to wind up the beneficiary company.
He, however, noted that such efforts might yield little benefit if perpetrators had already siphoned the funds and left behind an empty shell.
The lawyer said available remedies largely depended on the actions of relevant authorities, adding that recipient accounts could be frozen to facilitate fund recovery and support winding-up proceedings.
Opara said regulators and law enforcement agencies often became aware of Ponzi schemes only after substantial losses had occurred.
According to him, victims frequently failed to report suspicious schemes early enough to enable timely intervention.
He added that funds are sometimes moved outside the country before authorities become aware of the fraud.
Opara also cited inadequate information and the deceptive nature of the schemes as major obstacles to investigation and prosecution.
“Most times, everything about the schemes is made to appear elusive, just like the profits promised to victims,” he said.
Also speaking, Mr Vincent Aminu of A.F. Aminu and Co. advised that victims of investment scams should report such cases to appropriate law enforcement agencies on time.
Aminu said victims could petition the Economic and Financial Crimes Commission (EFCC) or file reports with the police.
He said that after investigation, prosecutors could bring charges against suspects under relevant fraud-related laws, including provisions of the Criminal Code and the Advance Fee Fraud and Other Fraud Related Offences Act.
Beyond criminal prosecution, Aminu said .victims could pursue civil actions to recover their money
According to him, such actions may be based on breach of contract, unjust enrichment, or fraudulent misrepresentation, depending on the circumstances.
He added that victims could petition the Securities and Exchange Commission (SEC), which could investigate illegal operators, shut down unauthorised platforms, and freeze assets.
He identified the anonymity of online fraudsters as one of the biggest challenges confronting investigators.
According to him, many operators concealed their identities through fake digital profiles and technologies that made tracking them difficult.
Aminu also noted that victims who delayed taking legal action risked losing opportunities for redress.
He added that prolonged court proceedings often delayed justice for victims.
“Many fraud-related cases take years before the court reaches a verdict, thereby delaying justice for victims,” he said.
Also, Mr Chris Ayiyi of Ayiyi Chambers, Apapa, described Ponzi schemes as a gamble that benefited early participants at the expense of later investors.
Ayiyi said some early entrants received returns on their investments, thereby encouraging others to join the schemes.
He said the schemes eventually collapsed, leaving late investors to bear the losses
The lawyer called for a complete ban on Ponzi schemes or sustained public enlightenment campaigns against them.
He urged the National Assembly to enact laws that would strengthen regulation and provide greater protection for investors.
According to him, stronger legal safeguards are necessary in a country operating a capital-based economy.
PalmPay Group (“PalmPay”), a multinational fintech company providing digital financial services across high-growth emerging markets, is pleased to appoint Samuel Oluyemi as Chief Operating Officer (“COO”) of its Nigeria practice, effective immediately.
The appointment comes at a pivotal moment for PalmPay as it looks to reach more underserved communities and continuously strengthen the reliability and security of its services. It also comes as Nigeria’s broader financial services sector continues to modernize, bring millions more Nigerians into the formal financial system, and strengthen the cybersecurity and fraud-prevention standards that underpin public confidence in digital payments.
As COO of PalmPay Nigeria, Mr. Oluyemi will oversee PalmPay’s Nigerian operations — where the company provides a full suite of digital financial services to individuals and businesses — and communicate with regulators to ensure the company’s growth happens harmoniously with the country’s financial, digital, and social inclusion goals.
Mr. Oluyemi brings more than two decades of experience at the Nigeria Inter-Bank Settlement System (“NIBSS”). During his tenure as the Business Development Lead, he championed the development of key national payment services — including the Digital Validation of Nigerian International Passport (e-Passport Validation), Electronic Dividend Mandate Management System (“e-DMMS”), and the Electronic Pensions Contribution Collection System (“EPCCOS”) — and played a pivotal role in introducing and driving early adoption of NIBSS Instant Payment (“NIP”), Nigeria’s first online, real-time, inter-bank transfer system in 2011 and its subsequent extension to the Other Financial Institutions (“OFI”) segment of the Nigeria Payments System.
He holds an MSc in Monetary Economics from the University of Ibadan with extensive local and international professional training.
“Samuel joins PalmPay at an important stage in our journey to strengthen the foundations that will support our long-term goal of driving financial inclusion,” said Chika Nwosu, Managing Director of PalmPay Nigeria. “His extensive experience makes him well positioned to help us scale sustainably while maintaining the operational discipline, governance and customer-first culture that define PalmPay.”
“PalmPay has established itself as one of the most impactful fintech companies in emerging markets by making financial services more accessible and affordable for millions of people,” said Mr. Oluyemi.
“I am excited to join the company and look forward to working alongside an exceptional team to strengthen operational excellence and support PalmPay’s vision of building a leading digital financial services platform. Together, we will continue delivering secure, reliable, and customer-focused financial solutions while contributing to the continued evolution of Nigeria’s digital financial ecosystem.”
As Nigeria’s digital financial services sector continues to mature, this appointment reflects a broader commitment guiding PalmPay across all markets it serves: building financial services that are secure, reliable, and effective enough to earn a permanent place in people’s everyday lives.
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