News
Prof Iwu. Ekeh, Others Make Case for Imo’s Development

Prof. Maurice Iwu, former chairman, Independent National Electoral Commission (INEC); Leo Stan Ekeh, serial digital entrepreneur and chairman, Zinox Group; Senator Chris Anyanwu and a host of other prominent sons and daughters of Imo State have expressed their determination to see Imo State enjoy an unprecedented level of socio-economic development commensurate with the immense potential and human capital resources at its disposal.
They made this call on Thursday December 28th 2017 at the launch of the Imo Economic Development Initiative (IEDI) – a landmark private initiative set up to boost human capacity development, wealth creation and poverty alleviation in the state.
The high-profile event also witnessed the commissioning of the IEDI office located in Owerri.
In his speech at the event, Prof. Iwu, chairman of IEDI, disclosed that, in addition to the need to address the development challenges of Imo State, the driving force behind the establishment of IEDI was to stir aright the socio-economic affairs of the state in order to complement the efforts of past, present and future governments of the state.
“While each government administration, past or present has put in some efforts to improve the condition of the state, and amidst the clamour for political power, it has become apparent that our beloved state would benefit from citizens’ involvement and private sector engagement, to see Imo progress to a level that is a true reflection of the enormous talents, intellectual and material resources of its sons and daughters at home and in the Diaspora.”
According to him, a deliberate well-thought out plan of strategies to accomplish the goals are being addressed in the areas of agriculture, urban renewal of the three major cities in the state, rural vitalization, health, energy, education and security.
“Imo sons and daughters have excelled in many fields of human endeavour but there appears to be no nexus between the acclaimed individual educational and business accomplishments and our ability to develop our state or to produce and effective and responsive governance structure. The challenge facing us now is to development of Imo economy to reduce poverty and unemployment, create wealth and improve the internally generated revenue of the state.
“We are greatly encouraged by the progress members of IEDI have made in areas such as agriculture, infrastructure, projects on skills acquisition and exploring Federal resources in energy, industries reactivation and health care development. Projects in information technology are being articulated by some of our members to prepare our state to participate meaningfully in the IT-driven knowledge economy. We are in contact with our brethren in neighbouring states and our members have indeed facilitated the establishment of corporate joint-ventures with like minds.
“The IEDI plans to hold an economic investment summit early in 2018 in partnership with the government of Imo State to highlight the low-hanging fruits projects for investors and entrepreneurs, articulate an economic development blueprint that will accommodate short-term, medium-term and long-term goals of the state and how to accomplish them.”
Also speaking at the event, Group, Ekeh, chairman, Zinox who highlighted the important role ICT can play in rewriting the history of Imo State, also harped on the importance of a conducive and responsible political climate in the state as a necessary condition to attract prospective investors.
“Through ICT, Imo State has the potential of becoming a conveyor belt of globally-certified talents that will create sustainable wealth, not only for the state but for Nigeria and the African continent at large. ICT remains the only profession in the world today that can make the son of a poor man the richest man in the world. By making significant investments in this area, we can unleash the power of the youths, give them a level playing ground with their contemporaries in other parts of the world and make them global citizens. I assure you, the effects will transform the state and change the narrative for good. Sadly, the governments and even those at the centre seem not to realize the huge potential in this area.
“I must also point out the need for us to ensure that we contribute in ensuring we get our political governance structure correct and responsible to the development needs of the state. This is because investors calculate political risks before making investment decisions and only a stupid investor will want to put his money in a state where the political system will negatively affect his investment,” he counselled.
While expressing agreement with Ekeh, Prof. Iwu noted that though non-partisan, the IEDI will show an active interest in the governance of the state, going forward.
“Our prime focus remains the economic development of our state through private sector funding and leveraging on available Federal and State Government resources. But we are keen stakeholders in the affairs of Imo State, including how it is governed,” he concluded.
Among the dignitaries and well-meaning citizens of the state in attendance at the high-profile event were renowned technocrat, doyen of Corporate Nigeria and founder of Diamond Bank PLC, Dr. Pascal Dozie; Chairman, National Population Commission, Mr. Eze Duruiheoma (SAN); former President, Institute of Chartered Accountants of Nigeria (ICAN), Rtd. Major General Sebastian Onwuama; industrialist and past President, Manufacturers Association of Nigeria (MAN), Engr. Charles Ugwu; Pioneer Vice-Chancellor, Michael Opara University of Agriculture, Prof. Placid Njoku; former Vice Chancellor, Federal University of Technology, Owerri, Prof. Jude Njoku; astute politician and chieftain of the All Progressives Congress in Imo State, Chief Jerry Chukwueke; former PDP Deputy Chairman, Imo State, Chief Cosmos Iwu; former Nigerian Ambassador to Hungary, Chief Eddy Onuoha; Chairman, First Index Group and former member, Federal House of Reps, Chief ThankGod Ezeani and media consultant, scholar and frontline Nigerian journalist, Chief Amanze Obi.
Others include Chief Cyril Amako, Dr. Vin Udokwu, Chief Louis Ezeigwe, Dr. Chinedu Iwu, Chief Patrick Okereke, Chief G.G. Iheka, Chief Charles Onyirimba, Mr. Uchenna Iwu, Engr. John Obinna Chukwu; Dr. Bola Njoku, Mr. Ifeanyi Agwu, Dr. Mrs. Chukwu Ngozichukwu; Dr. Harold Onunmuo, Chuka Gabriel, Mr.& Mrs. Wilson Nwafor, Ifeanyi Ukaigwe, Steve Nwoga, Barr. Golden Nwosu,Timothy Iheamatu, Mr. & Mrs. Emeka Agoawike and Chidi Nkpobara, among others.
News
Cybervergent Expands to Three New Markets

Cybervergent has launched version 3.0 of its artificial intelligence (AI)-native posture management platform and expanded operations into Kenya, Ghana, and SA.

The move, according to the company, introduces automated risk verification for enterprises and aims to position Africa as a force in digital governance technology.
It goes on to say the latest platform upgrade introduces continuous posture management, replacing traditional point-in-time governance, risk, and compliance reporting with real-time verification systems.
An AI engine independently verifies 99.9% of audit and monitoring findings before they appear on enterprise dashboards, according to Cybervergent.
It says risk management, compliance, audit, and data security operations are integrated into a unified system built for cloud and on-premise environments.
According to Cybervergent, the platform maps more than 4 500 controls across frameworks, including the Nigeria Data Protection Act (NDPA), International Organisation for Standardisation (ISO) 27001, and System and Organisation Controls (SOC) 2.
Cybervergent says the rollout of its first South African customer validates the platform’s readiness for highly regulated enterprise markets and strengthens its expansion strategy across Africa’s leading technology and financial hubs.
The company is also adopting a channel-first deployment model, working with local partners and system integrators in Lagos, Accra and Johannesburg to scale verified security infrastructure for enterprises navigating increasingly complex regulatory demands.
“We built verification into the architecture,” said Ayomide Daniels, co-founder and chief scientist at Cybervergent. “If a finding is not traceable back to source documentation, it does not reach the dashboard.”
Cybervergent rebranded from Infoprivacy in late 2023 to reflect its shift towards AI-automated cybersecurity.
The start-up previously focused on data privacy compliance in the West African market before pivoting to its current integrated posture management model.
News
FG Bans Honorary Degree Holders from Using ‘Dr’ Title, Warns of Academic Fraud

Federal Government has directed recipients of honorary doctorate degrees to stop using the title “Dr.” before their names, as part of efforts to protect the integrity of academic qualifications and curb the misuse of honorary awards.

Minister of Education, Tunji Alausa
Minister of Education, Tunji Alausa, announced the directive after the approval of the new policy by the Federal Executive Council (FEC).
Alausa said the measure was necessary to address the growing abuse, commercialisation and politicisation of honorary degrees in some tertiary institutions across the country.
He explained that honorary doctorates are symbolic recognitions of outstanding contributions to society and do not equate to earned academic qualifications obtained through rigorous study, research and examination.
“Recipients of honorary doctorate degrees are not entitled to use the title ‘Dr.’ as a prefix to their names in official, professional or academic engagements,” he said.
According to the minister, awardees may instead indicate the honorary distinction after their names using formats such as D.Litt (Honoris Causa), LL.D (Honoris Causa) or other approved honorary designations.
Under the revised policy, only universities with active doctoral programmes will be permitted to confer honorary doctorate awards.
The government also restricted recognised honorary awards to four categories: Doctor of Laws (LL.D), Doctor of Letters (D.Litt), Doctor of Science (D.Sc), and Doctor of Humanities (D.Arts).
In addition, all honorary degree certificates must clearly carry inscriptions such as “Honorary” or “Honoris Causa” to distinguish them from earned academic degrees.
The minister warned universities against indiscriminate conferment of honorary degrees, noting that institutions found violating the directive would face sanctions from the National Universities Commission and the Federal Ministry of Education.
He said the policy was part of broader reforms aimed at restoring credibility to Nigeria’s higher education system and ensuring academic titles are not misrepresented for personal, political or financial gains.
Observers say the development could reshape the long-standing culture where public office holders, business executives and celebrities often adopt the “Dr.” title after receiving honorary awards.
News
Africa Fintech Revenues to Hit $65 billion by 2030 – Report

African fintech revenues are projected to expand 13-fold to approximately $65 billion by 2030, marking the continent as the world’s fastest-growing digital finance market.

The “Beyond Payments: Unlocking Africa’s Second FinTech Wave ” report, released by Boston Consulting Group at the Inclusive FinTech Forum in Kigali, indicates the sector is shifting from transactional inclusion to scalable, infrastructure-driven systems.
While Sub-Saharan Africa accounts for 74% of global mobile money volume, more than 50% of lending still occurs through informal channels, representing a massive gap for B2B payments and data-driven underwriting.
The opportunity now is to convert scale into sustained, institutional-grade growth, says the report. Markets offering regulatory clarity and interoperable infrastructure are becoming increasingly attractive to long-term capital.
Rwanda is highlighted as an example of deliberate institutional coordination that lowers the cost to scale for financial institutions.
Forward-looking regulation and the License Passporting Memorandum of Understanding between Rwanda and Kenya are cited as practical steps toward easing regional expansion.
Financial centres like the Kigali International Financial Centre play a critical role in this next phase by reducing uncertainty for banks and investors.
By combining regulatory clarity and Pan-African integration, they reduce uncertainty for banks, fintechs, and investors, and help position markets as credible, long-term investment destinations.
Africa’s next fintech phase will be led by financial institutions, the report notes. It goes on to say banks and regulated entities are becoming the primary customers of digital financial infrastructure, demanding platforms that align with their risk frameworks.
The report identifies five institutional priorities to sustain momentum: interoperable infrastructure, data-driven credit, regulatory coherence, trust, and resilience.
Building seamless wallet-to-bank integration will enable more efficient value movement, while transforming transaction data into AI-enabled underwriting models will help bridge the gap in SME lending.
Proportional licensing frameworks and predictable supervisory practices will lower the cost to scale for innovators. Furthermore, expanding cybersecurity capabilities will ensure the ecosystem remains reliable as digital usage grows.
Africa has demonstrated that fintech scale is achievable, and the next decade will be shaped by those markets that strengthen their institutional foundations, the report concludes.
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