Telecom
MTN Co-operative Boss, Others Defraud Staff of N1.4Bn

Cyril Ilok, prosecution witness, has told Justice Lateef Lawal-Akapo of a Lagos High Court sitting in Igbosere how former staff of MTN defrauded MTN Employees Co-Operative Society (MEMCOM) members of the sum of N1.4Billion.
Ilok, who is the first prosecution witness works as a General Manager with the Business Risk Management Unit in MTN, told the court how the defendants stole the money meant to buy landed property and build the proposed “Yellow Estate” for members of the Co-Operative.
The defendants are Victor Akintunde, Gani Mustapha, Mutairu Babatunde, Primavera Engineering and construction Limited and Mabo Dredging Limited.
They are standing trial on eighteen count charge, bothering on stealing, conspiracy and obtaining money by false pretense, the charges was brought against them by the Economic and Financial Crime Commission’s, (EFCC).
Ilok while being led-in evidence by EFCC counsel, Babatunde Sonoiki, told the court how the 1st defendant, Victor Akintunde, who was the president of MEMCOS and the 2nd defendant, Gani Mustapha,a treasurer conspired to steal the money contributed by members of the Co-Operative.
According to Ilok, the 1st and 2nd defendants signed a memorandum of Understanding with the land owner and the total of 26.5 hectares was signed as N1,501,902,666.00 but the cost was discovered to be N963.3,000,000.00, leaving a difference of N373,500,000.
“MEMCOS through the 1st and 2nd defendants acquired 39 hectares of land for real estate development but they did not pay for the said numbers of hectares.
The defendants only paid for 13 hectares and part paid for the 26 hectares of the land located in Okun Ajah, Lagos.
“It was also discovered that the 1st and 2nd defendants have mismanaged the sum of N1,357,764,414.
The witness also told the court that the 1st and 2nd defendants were former staff of MTN while the 3rd defendant is the owner of the 4th defendant, Primevera Engineering and Construction Limited.
“It was discovered that there were a lot of irregularities in the expenses.
The total sum of N3.2billion had been collected by the executive of the Corporative led by Akintunde and Mustapha for the purpose of building houses for members of the cooperatives.
“When these irregularities were realized, the new management appointed KPMG, a professional auditing and accounting firm to investigate the books of account of the cooperative for the period of 2008-2011 executive led by the defendants before they handed over to new executive.
“During this period, I worked with KPMG on the investigation and I was also interfacing between the firm and the accused after which the report of KPMG was submitted to me to help summarize and thereafter, a petition was written to the Economic and Financial Crime Commission.
Ilok further told the court that the report of the firm shows that there were monies that were not paid.
“There were 13 hectares of land and 5 hectares were encumbered and the sum of N427,114,414,00 was to be refunded by Primavera Engineering to MEMCOS and a cheque was written by Primavera but it was returned unpaid.
“The company however issued another cheque of N300million to MEMCOS and it was cleared.
The difference between the amount that was cleared and the one which was returned was N127,114,414. The amount said to have been mismanaged is N1,357,764,414.00.
“It was also discovered that there were unreceipted payments, excess payment on documents and land, Five hectares of land was also defective among the hectares bought.
While being cross-examined by one of the defence counsel, Mr Olalekan Ojo, Ilok maintained that MEMCOS is insisting that the 1st and 2nd defendants should refund the defective 5 hectares of land.
He further said that the defendants did not account for what they did with N50million from the money given to them.
Ilok also siad he is not aware that the 4th defendant was engaged to do other things which includes perfection of documents, layout and building approval but money was paid to the company through the 1st and 2nd defendants.
He continued that the registration of the land is in contention and ineffective.
“The grouse of the MEMCOS is the failure of the defendants to have the money paid for 5 hectres refunded. The titled document was used by MEMCOS to obtain loan from Federal Mortgage Bank in respect of Yellow Estate project.
” I did not know the amount of loan MEMCOS got from the bank. I was not present at the negotiation between MEMCOS acting through the first and 2nd defendant and the owners of the 39 heactres of land. They did not account for what they did with the money. But Memcon insisted that the over payment should be refunded”, he said.
Telecom
Why Nigeria Must Embrace .ng Now – NiRA Reveals Five Critical Steps

Nigeria Internet Registration Association (NiRA) has outlined five strategic pathways to accelerate the adoption of the .ng domain and position it as a critical driver of Nigeria’s digital economy.

NiRA
Oluwaseyi Onasanya, Chief Operating Officer of NiRA, presented the framework at a Media Advocacy and Capacity Building Workshop held on April 16.
Onasanya described the .ng domain as a key component of Nigeria’s digital sovereignty, noting that the country has about 65 per cent internet penetration and over 35.6 million Micro, Small and Medium Enterprises (MSMEs) contributing nearly 48 per cent to the Gross Domestic Product (GDP).
She said the first pathway involves mandating the use of .ng domains across all Ministries, Departments and Agencies (MDAs), as well as subnational entities, government vendors and tax remitters.
According to her, this would ensure that all official digital communications with government institutions are conducted through .ng platforms, while also linking domain usage to Corporate Affairs Commission (CAC) registration and procurement processes.
The second strategy focuses on a nationwide awareness campaign tagged “Own Your .ng, Own Your Future,” aimed at promoting the domain as a symbol of national identity, trust and economic value.
Onasanya said the third pathway calls for leadership from the private sector, urging banks, telecommunications companies, startups and SMEs to adopt .ng domains and integrate them into onboarding processes.
She added that the fourth strategy seeks to position .ng as a secure and regulated alternative to foreign domains, enhancing consumer confidence, improving local search visibility and strengthening jurisdictional control.
The fifth pathway centres on expanding the digital ecosystem by strengthening registrar networks, simplifying user experience and integrating .ng domains into internet service providers, digital platforms and national performance metrics.
Onasanya warned that Nigeria’s domain adoption rate remains low compared to global peers, noting that the country has approximately one domain per 855 citizens, far behind countries like Germany, the United Kingdom and China.
She cautioned that low adoption could lead to capital flight, as businesses continue to rely on foreign domain platforms in an increasingly digital global economy.
She also called on the media to drive awareness, shape public perception and promote adoption by highlighting the economic value of .ng domains across sectors.
“Without media, .ng stays technical. With media, it becomes economic,” he said.
NiRA said that over 240,000 .ng domains have been registered so far, with projections indicating continued growth as Nigeria targets a $1 trillion economy by 2030.
Telecom
Tech Shake-Up: Snap Cuts Hundreds as AI Drives Efficiency Push

Snap Inc., the parent company of Snapchat, has announced the layoff of about 1,000 employees as part of efforts to improve efficiency through artificial intelligence.

Evan Spiegel, chief executive officer, disclosed this in a memo on Wednesday, noting that the cuts represent about 16 per cent of the company’s full-time workforce and include the elimination of more than 300 unfilled roles.
Spiegel said advancements in artificial intelligence were enabling teams to reduce repetitive tasks, increase productivity and accelerate project execution.
“We believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity and better support our community, partners and advertisers,” he said.
He added that smaller teams using AI tools had already delivered meaningful progress across key initiatives.
The California-based firm said the restructuring would help cut over $500 million in annual costs by the second half of the year, providing a clearer path to profitability.
Spiegel described the decision as difficult, expressing regret over the impact on affected employees.
“This is an incredibly difficult decision, and I am deeply sorry to the colleagues who will be leaving us,” he said.
Snap joins a growing number of technology companies downsizing their workforce while citing productivity gains from artificial intelligence.
The company has undergone multiple rounds of layoffs in recent years amid stiff competition from rivals such as Instagram, TikTok and YouTube.
Meanwhile, activist investor Irenic Capital Management recently disclosed a 2.5 per cent stake in Snap, calling for cost-cutting measures, including a review of its Spectacles smart glasses unit.
Shares of Snap rose by more than 7.5 per cent following the announcement, although the stock remains down compared to earlier in the year.
Data from Layoffs.fyi shows that more than 72,000 employees have been laid off by nearly 90 tech companies globally so far in 2026.
Telecom
NBC Warns Broadcasters Against Bullying Guests, Passing Opinions as Facts

National Broadcasting Commission (NBC) has cautioned broadcast presenters against bullying guests during live interviews or presenting personal opinions as facts, warning that such actions will attract sanctions.

NBC
In a statement issued on Friday, the commission said it had observed a rise in violations of the sixth edition of the Nigeria Broadcasting Code across news, current affairs and political programmes.
“Broadcast platforms are increasingly being deployed in ways that depart from their core obligation to inform the public with accuracy, balance and professionalism,” the NBC said.
The commission noted that some anchors and presenters were deviating from professional standards by denying fair hearing to opposing views and compromising neutrality during broadcasts.
It stressed that such conduct violates provisions of the broadcasting code, which require impartiality and fair representation of all sides on issues of public interest.
“Henceforth, any anchor or presenter found to have expressed personal opinion as fact, bullied or intimidated a guest, denied fair hearing to opposing views, or otherwise compromised neutrality, shall be deemed to have committed a Class B breach,” the statement added.
The NBC also raised concerns over the growing use of broadcast platforms by political actors to promote divisive, inflammatory and unverified content.
It emphasised that broadcasters bear full editorial responsibility for all material aired, including live programmes, and cannot transfer that responsibility to guests.
The commission reiterated its commitment to enforcing strict compliance with the broadcasting code, warning that violations involving hate speech, incitement and imbalance would attract appropriate sanctions.
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