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CWG Plc Announces Changes to the Board of Directors, Management Position

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CWG Plc has notified its investing shareholders and the general public of the following changes to its Board of Directors and subsequently Management change.

Mr. James Agada, Managing Director /Chief Executive Officer of CWG PLC, will be ending his three-year tenure which commenced on 1st of January 2016 on the 31st of December 2018.

Before attaining this role, Mr. Agada served as the Company’s Chief Technology Officer. Prior to this, he also served as an Executive Director overseeing the Company’s former software division, Expert Edge.

Agada holds both a first-class degree and a master’s degree in Electronic Engineering, with specialization in Digital Systems, from the University of Nigeria, Nsukka. He also holds an MBA from the International Graduate School of Management (IESE), Navara, Spain. He was pro term president, Lagos Chapter of the Nigeria Computer Society, and was conferred as one of the ‘Nigeria’s Top 50 Tech-Titans’ in 2016 by Technology Africa. He is also a Fellow of the Institute of Directors.

He has vast experience in consulting, software development, implementation and support. During his tenure, the Company embarked on new initiatives designed to reposition the company as the preferred platform services provider out of Africa.

These initiatives include, the SmartMetering initiative, the ATM as a service initiative, BillsnPay, Unified Cooperative Platform (UCP) and Gaming Management platform. Previously he had led the company’s charge into providing banking software via their Infosys partnership and their home grown FinEdge Core-Banking application.

In view of the exit of Mr. James Agada, the Board of the Company has appointed Mr. Adewale Adeyipo (Executive Director) as the Acting Managing Director/Chief Executive Officer with effect from 1st January 2019.

Adewale holds a BSc in Computer Science from University of Ilorin, he is an Alumni of Lagos Business School (LBS) and also has several Management and Leadership trainings and certifications from Lagos Business School; Business School, Netherlands; MIT and the London Business School.

Prior to now, Adewale has held several leadership positions in CWG including Business Development for the Telecommunications division in 2010 and Business Director for PAN Africa Initiatives in 2014.

His expertise in sales supported the business when he previously served as a Director in Consultative Sales and Managed Services Engagements for Telecommunication Companies, which he has done for onwards of 12 years.

 


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LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts, Others

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Lagos Internal Revenue Service (LIRS) pursuant to Section 60 of the Nigeria Tax Administration Act (NTAA), plans to ask Nigerian banks to debit bank accounts of employers who failed to remit tax liability.

LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts

This was disclosed in a recent notice on Sunday.

LIRS stressed that the move was in line with the implementation of the country’s NTAA and other new tax laws, which took effect on January 1, 2026.

“Where a taxpayer fails, neglects, or refuses to settle any established outstanding tax liability when due, LIRS may exercise its power under Section 60 to direct any of the following persons to pay the amount owed by the taxpayer:

“Banks and other financial institutions; Employers; tenants, debtors, or customers of the taxpayer; Agents, business partners, and any person holding money on behalf of the taxpayer; Any person owing money to the taxpayer, whether presently due or accruing. Once a substitution notice is issued, the person served is statutorily required to remit to LIRS the amount. Specified in the notice from funds belonging to, or payable to, the defaulting taxpayer,” the LIRS notice partly read.

Meanwhile, Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, weeks ago ruled out claims that the government would debit personal accounts over tax remittances.


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Anambra Cuts Monday Pay to Kill Sit-at-Home

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Anambra State will implement pro-rata salary payments for civil servants starting February 2026, targeting chronic Monday absenteeism from the long-running sit-at-home order, Information Commissioner Dr. Law Mefor announced Saturday.

Anambra Cuts Monday Pay to Kill Sit-at-Home

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Speaking at an Awka briefing after the Executive Council’s end-of-tenure retreat, Mefor said improved security and transport have eliminated excuses for the four-year disruption, which cost the state trillions in lost revenue. “Workers enjoyed full pay despite staying away; now, no work means no pay for that day, calculated over 24 working days,” he stated.

Compliance measures include mandatory Monday clock-in forms, with markets urged to reopen fully amid bolstered security. This builds on a January 22 executive order docking 20% pay from teachers absent on Mondays.

Mefor warned that lost Mondays cripple revenue collection and productivity, rejecting alternatives like Saturday shifts as capitulation to agitators.


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Stakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit

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As AI adoption accelerates across Nigeria, leaders at the “AI in Action Now” conference 2026 have called for a balance between rapid innovation and strict regulatory governance. The event, held at the Lagos Oriental Hotel, highlighted both the doggedness of Nigerian builders and the risks of unregulated data usage.

Dotun Adeoye, Co-Founder of AI Nigeria, raised alarms over “Shadow AI”, a trend where employees upload sensitive official documents to public AI platforms. He praised the Nigerian Data Protection Commission (NDPC) for its recent aggressive stance, including multi-million-dollar fines against major banks and social media brands.

“Innovation without governance is dangerous. The regulator now has the job of educating players. We are working in partnership with them to ensure players don’t just get fined, but actually understand how to protect data locally rather than storing it abroad, ” Adeoye noted.

Addressing issues of lack of infrastructure to carry AI adoption, Conference Convener Debola Ibiyode admitted that while Nigeria lacks the traditional foundation for AI adoption, the tech community cannot afford to wait.

“The simple answer is we don’t have the infrastructure, but Nigeria has never really had infrastructure to drive anything, and we still thrive, ” Iboyode said, encouraging students and builders to look beyond current limitations. “Once we start to build based on what we have now, it will encourage those who need to provide the infrastructure to do their part. The world will not wait for us,” she insisted.

To bridge this gap, she highlighted the AI Foundry Africa, an incubator designed to mentor ideas into market-ready products.

Meanwhile, speaking to journalists on the sidelines, Biodun Ogunleye, the Lagos State Commissioner of Energy and Mineral Resources, echoed the sentiment that the government’s role is to facilitate the right environment through partnership. He emphasized that data generated from interactions with the government must have long-term value.

“We must ensure that in all facets from production to interaction with government, the tools required to ensure data has value are appreciated,” Ogunleye stated.

He concluded that through private-sector collaboration, the government can focus on its primary functions while leveraging AI to ensure the nation aspires for the future.


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