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NCC Calibrates Learning Curve on Electronic Fraud Detection

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Group photo of NCC management and members of the Lagos Chamber of Commerce and Industry.
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In keeping with the spirit of its mandate on consumer education, the Nigerian Communications Commission (NCC) has pointedly warned citizens and telecom consumers that banks would not request for their personal details via emails.

Speaking at the NCC Special Day at the 2019 Lagos International Trade Fair, held on 7th November 2019, Prof. Umar Danbatta, executive vice chairman of NCC, who was represented by the Commission’s Head, Information and Reference Unit of Consumer Affairs Bureau, said as the Commission intensifies efforts to deepen broadband access to Nigerians, Nigerians needs to be aware that there are some individuals who dishonestly use the Internet and other telecommunication channels to defraud unsuspecting telecoms users and bank customers of their money.

The EVC reiterated that cybercrime and e-fraud are challenging issues in telecommunications, thus, Commission advises all consumers to be careful when opening suspicious emails that are not familiar to them.

Danbatta also advised telecom consumers not to post personal identification information or save passwords/PIN codes online.

Danbatta said it is important that telecom consumers be vigilant about the wiles of cyber criminals so that those who fall victim of cyber fraud would not turn around to blame the banks, the service providers or even the telecom regulator for their losses.

“That is why we continuously sensitise consumers on this, especially as Internet access and other telecoms services become more pervasive and more accessible to all”, he added.

He reminded the consumer of the existence of Do-Not-Disturb (DND) 2442 Short Code which consumers can leverage to personally control unsolicited text messages, and the 622 Toll Free line which telecom consumers can use to report unsatisfactorily-addressed complaints earlier reported to their service providers.

The trade fair is organised annually by the Lagos Chamber of Commerce and Industry (LCCI) at the Tafawa Balewa Square in Lagos and NCC has been consistent in participating.

The Commission uses the platform of NCC Day at the Trade Fair to interact with telecoms consumers and to educate them on their rights, privileges as well as obligations as critical stakeholders in the telecom industry.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Techeconomy Unveils IWD 2026 Power List Celebrating 100 Women Shaping the Future

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In celebration of International Women’s Day (IWD) 2026, Techeconomy, a leading business news platform in Nigeria, has unveiled its “100 Women Shaping the Future: Techeconomy Power List 2026,” recognizing exceptional women driving innovation, leadership, and impact across technology and the broader digital economy.

Techeconomy Unveils IWD 2026 Power List Celebrating 100 Women Shaping the Future

Techeconomy

The annual recognition spotlights women who are transforming industries through entrepreneurship, policy leadership, digital innovation, financial inclusion, media, education, and emerging technologies.

The initiative is part of Techeconomy’s commitment to promoting gender inclusion and highlighting female leadership shaping Africa’s technology ecosystem.

The Techeconomy IWD Power List features a diverse group of women, from corporate executives and startup founders to policymakers, ecosystem builders, and social innovators, whose work continues to influence the future of technology, business, and digital transformation in Nigeria and across Africa.

Speaking on the initiative, Joan Aimuengheuwa, the Managing Editor at Techeconomy, noted that the recognition goes beyond celebrating titles, focusing instead on impact, resilience, and the ability to shape the future through innovation and leadership.

According to her, “the women on the list represent different sectors including fintech, banking, healthcare, agriculture, education, communications, and the creative economy, demonstrating the growing role of women in advancing technology-driven development.

The unveiling aligns with the global celebration of International Women’s Day, which highlights the achievements of women and calls for accelerated progress toward gender equality. Across the world, the technology sector continues to push for greater female representation and leadership as part of efforts to build more inclusive digital economies.

Also speaking, Oluwatosin Aloba, the Brand Manager at Techeconomy, said: “Techeconomy IWD 2026 Power List is specially designed to inspire the next generation of female innovators and leaders by showcasing role models who are breaking barriers and redefining possibilities in the technology landscape.

“Techeconomy encouraged industry stakeholders, institutions, and the broader public to celebrate the achievements of these women while continuing to support policies, programs, and investments that expand opportunities for women in technology”, she added.

The full list of the “100 Women Shaping the Future: Techeconomy Power List 2026” is available on the Techeconomy website or visit: https://techeconomy.ng/techeconomy-iwd-2026-power-list-celebrates-100-women-shaping-the-future-of-tech/.


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NITDA, JICA Open iHatch Cohort 5 to Boost State-Level Startup Hubs Nationwide

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National Information Technology Development Agency (NITDA), via its Office for Nigerian Digital Innovation (ONDI), has partnered with the Japan International Cooperation Agency (JICA) to launch applications for the fifth cohort of the iHatch Startup Incubation Programme, targeting 37 innovation hubs—one per state and the Federal Capital Territory (FCT).

NITDA, JICA Open iHatch Cohort 5 to Boost State-Level Startup Hubs Nationwide

NITDA

The initiative selects hubs as state-level managers to run incubation programmes, addressing uneven support outside Lagos and Abuja. “Nigeria’s startup ecosystem has grown rapidly, but access remains uneven,” said ONDI National Coordinator Victoria Fabunmi. “iHatch builds stronger hubs, standardises quality, and boosts investment readiness across all regions.”

Amid Africa’s $3.42 billion startup funding in 2025, Nigeria’s innovation clusters in major cities, sidelining rural founders. Selected hubs will incubate five startups each for at least one year, providing structured guidance for growth and funding. Hubs gain operational support, resources, and performance rewards—prioritizing ecosystem leadership over cash grants.

Eligibility and Timeline

Eligible hubs must:

  • Operate for at least one year with local engagement.

  • Possess infrastructure for incubation activities.

Applications close March 16 at ondi.nitda.gov.ng/#/ihatch.

Fabunmi emphasized: “By equipping hubs with tools, curriculum, and oversight, iHatch ensures consistent outcomes for founders everywhere,” tackling geographic gaps to scale local innovation.


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Thrifto Digitizes Nigeria’s Ajo, Esusu Savings for Safer Group Finance

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Thrifto, a new Nigerian fintech, is modernizing age-old group savings like ajo (Yoruba), esusu (South-West), and adashe (North) with a bank-integrated web app, slashing risks of defaults, disputes, and lost funds.

Thrifto Digitizes Nigeria's Ajo, Esusu Savings for Safer Group Finance

Founded by media entrepreneur Sulaimon Biodun Durojaiye, Thrifto lets users create or join groups, set contributions, cycles, and payouts.

It tracks records transparently, preserving cultural collaboration while adding tech accountability. “We’re providing structure and transparency without replacing the spirit of ajo,” Durojaiye said.

Early users—salary earners, entrepreneurs, small businesses—form groups for school fees, rent, or capital. The platform eliminates friction like poor bookkeeping and payout fights, driving organic growth nationwide.

Launching next week, a self-saving feature lets users automate fixed amounts (e.g., ₦5,000 daily or ₦50,000 weekly) toward goals, enforcing consistency solo.

A Trust Rating Score, based on participation history, rewards reliable users, aiding smarter group choices and fostering responsible behavior.

Tailored for Nigerian realities, Thrifto taps informal savings to expand inclusion. Observers see it strengthening networks and discipline in Nigeria’s fintech landscape.


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