News
Court Okays Senate’s Rejection of Magu as EFCC Boss

The fate of Mr. Ibrahim Magu, embattled acting chairman, Economic and Financial Crimes Commission (EFCC), may have been sealed Thursday when a Federal High Court in Abuja ruled that the Senate is conferred with the authority to ensure the choice of “only suitable and credible persons for appointment to the office”.
Also, the Senate, yesterday, said it expects President Muhammadu Buhari to show respect for rule of law by removing immediately from office, Magu as acting chairman, EFCC following the court judgement which vindicated the upper house as having constitutional power to reject any nominee of the President for any appointment.
The Presidency and the Senate have been at loggerheads on the issue of Magu, with the Presidency insisting that the Senate does not have the constitutional power to reject Magu as a nominee of the President for the EFCC job.
But a Federal High Court in Abuja gave the ruling in determining the suit challenging the Senate’s authority to deny an appointee to the office of EFCC under the EFCC Act.
A copy of the judgement obtained by on Thursday revealed that Justice John Tsoho gave the ruling on January 15, 2018.
Mr Oluwatosin Ojamo, a lawyer, had filed a suit in January 2017, questioning whether the Senate President and the Senate can reject a valid appointment made by the President as it relates to Ibrahim Magu, in accordance with the provisions of the EFCC Act.
Ojamo had also questioned if the Senate can refuse to confirm any appointment made by President Buhari to the office of the anti-graft agency.
Joined as respondents in the suit are Dr Bukola Saraki, Senate President, and the Attorney-General of the Federation (AGF).
Justice Tsoho, however, held on Monday (last two weeks) that contrary to the plaintiff’s submission, section 2 subsection 3 states that the chairman and members of the commission other than the ex-officio members shall be appointed by the President and the appointment shall be subject to a confirmation of the Senate.
He noted that the use of the word “shall” in a legislation usually denotes mandatories, while the plaintiff recognises the use of the word “shall” as conferring the mandatory and unqualified powers of the President to appoint the chairman of the EFCC.
The presiding judge also held that doing otherwise would give the impression that “the Senate only exists to rubberstamp the President’s appointment of a chairman for the EFCC, and such viewpoint is misconceived and runs counter to the proper interpretation of section 2 subsection 3 of the EFCC Act.”
The Senate yesterday, urged President Buhari to, in line with the judgement, forward the name of a credible Nigerian to it for confirmation as substantive EFCC boss.
Senator Sabi Abdullahi, Senate spokesman, said that though the Senate was not the plaintiff in the matter decided by the court, the judgement, however, states clearly that the power to confirm or reject a nominee of the president for any office, absolutely belong to the Upper Chamber.
“We are pleased with this judgement and salute the judiciary for rising up to the occasion.
“With this, the Senate expect the executive to be guided by the court decision and do the needful by forwarding name of any credible Nigerian for the EFCC office. There is nothing personal in the whole thing
“The Court had ruled and all parties concerned must obey,” he said.
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.
General News3 days agoWhy 9 African Countries Are Looking to Nigeria for Data Protection Lessons
E-Business3 days agoFirm Spots Rising Scam Activity Around the 2026 World Cup, from Bogus Tickets to $500,000 “grant” Emails
E-Financial3 days agoCBN to Raise N700Bn in First Treasury Bills Auction this May
Telecom3 days agoTelcos Recover N2 Trillion following Crackdown on Indebted Subscribers
Telecom3 days agoOrganized Criminals Plunder Telecom Infrastructure across Nigeria, Cause Service Disruptions
Telecom3 days agoMTN Nigeria Remits N878.7Bn Taxes, Levies in 2025
E-Financial3 days agoWhy African Crypto Brands must Communicate like Banks, Not Startups
E-Business2 days agoTrusted Relationship and Exploits in Public-facing Applications Strengthen Position as the Main Attack Vectors














