General News
PKI Will Authenticate Data from Nigeria-Omotoso
Bolanle Omotoso, country managing director/founder, Data Recovery Specialist Limited is is an experienced and highly skilled business technology consultant with specializations covering data availability, disaster recovery and prevention, digital forensic investigation services and consultancies, protection of information assets, and corporate fraud control.
Omotoso has led several turnkey ICT projects in Nigeria while heading the ICT department of his employers and as an entrepreneur.
He founded Data Recovery Specialist Limited in 2006 as the first professional data loss recovery company in Nigeria.
Omotoso spoke to peter ugwu on stakeholders’ expectations on Public Key Infrastructure (PKI) scheme campaigned for by the National Information Technology Development Agency (NiTDA).
Data Recovery Specialist Limited
Data Recovery Specialist Limited was established in 2006. What we have been doing centers on information security consultancy.
We are the West African foremost data recovery and computer forensic service company with accreditation to exclusively operate and carry on professional services as part of the Globally Networked Business offices of the world renowned, World-Best Repair & Service Company; Myung Information Technologies Company Limited, Korea.
I will make bold to say that with our state-of-the-art recovery laboratory in Lagos and the latest advanced recovery techniques, experienced technicians and the reliability clients would expect from a world class leader in recovery technology, we are the best in the industry.
We have been doing that through extensive research and development program; maintaining leading-edge expertise in all areas of recovery and computer forensics.
Developed Solutions
Data Recovery Specialist is internationally affiliated with other world renowned data recovery companies in USA, UK, India, South Africa & Russia.
We have live access to engineers in Korea every day, along with high-speed secured data communications link deployed for USA & European technical backup.
This allows us to tap into international resources and expertise 24 hours a day to effectively handle any data recovery, no matter the size or complexity.
Today, people talk about public key infrastructure (PKI), although it has been developed in Nigeria, but in our little way, we have been developing on that, helping companies achieve secured transaction processes.
PKI Concept and National Agenda
First of all, it is important that stakeholders support the National Information Technology Development Agency (NITDA), in the effort to have a national PKI blueprint.
When operational, PKI will register Nigeria’s presence in the comity of digital economies, drawing attention to Nigeria’s readiness to tackle security threats associated with cyberspace. Everything is digitally done now.
So, as a country, if you fail to do your homework to secure your space, the international community will blacklist you from performing certain transactions that incorporate cyberspace.
But when the PKI is operational, nobody will make gag of Nigeria again. It will seal the mouth of critics, because most companies at the international arena actually view their Nigeria counterparts’ processes as porous to attack and compromise.
PKI Implementation Channels
Anybody that does transaction, especially with international partners or a third party, needs PKI to move forward, achieve maximum authentication and security.
Whether you are in financial, telecom, oil and gas, shipping among other sectors, you need PKI.
The present Nigerian society is such that everything is going online; not just online, but on mobile, because the internet penetration is growing; the mobile money is there, cashless economy policy and host of other developmental agenda driven by information communications Technology (ICT).
All these things pass through certain levels of authentication. The reason sometimes somebody would want to send money to another person and it get diverted is because initially there was no authentication.
National Security Using PKI
National security management is all about identity management. It starts with being assured that the person you are dealing with at the other end is the right person.
For an instance, while leaving your home in the morning, right there at the gate you informed your younger brother that someone is coming to pick up a particular item. Probably, someone was eavesdropping and approaches your brother later requesting for the item.
If there were no concrete mode of identifying the real person, your brother is likely to make mistake of giving out the item to the wrong person.
So, what PKI does is to confirm or authenticate people or parties involved in a transaction; it will curtail certain outrageous claims and legal tussles that ensue, especially after financial transactions.
Data security is paramount in whatever process we found ourselves, PKI will also help in ensuring confidentiality of data or information.
Meanwhile, none of the parties will feel surcharged, because the process would have been done in a transparent manner.
If parties agreed on one percent I can turn around tomorrow to say that was never our agreement, but because right from the initiation of the transaction everything was protected, there would be nothing to hold unto, unless for people with dubious minds.
Outsourcing of National Data Capturing Projects to Foreign Companies
Frankly speaking, when you want to improve on any project you have embarked upon, one of the things you cannot avoid is talking to people who have the expertise, those who have done such thing in the past and can tell of their experiences.
The essence is for you to learn from them-the pains and gains.
Through that knowledge you can then perfect your system.
When you asked outsourcing national data capturing processes to foreign companies, maybe you were referring to the National Identity Management Commission (NIMC) project outsourced to MasterCard, whether we like it or not, we need to learn from others. Also, the people (Nigerians) working at the NIMC are professionals.
Those things you believe they have outsourced are based on the fact that they want the staff to learn from MasterCard. Not just that the company’s tools to carry out the project are based in Nigeria.
The systems they are using are made in Nigeria. That goes to show we believe in ourselves and products.
Even software, what you do not have, get it from whoever has it.
The lesson is for us now to focus our strengths on the developmental agenda that would grow innovations in the industry.
Today, we have an incubation centre for software developers; in the recent past there was nothing like that.
The country is on the right path to information development just that we need to speed up the process to meet with others. We have to learn how to develop our own.
Securing Nigeria
To secure Nigeria by way of making people become security conscious is very simple. If we take mobilization and advocacy attached to the HIV/AIDS scourge, one will discover that although it does not kill easily yet government at international and local fora harped on it.
Several NGOs came up as a result of the need to create HIV/AIDS awareness. Today, we have National Action Committee on AIDS and States have equivalent bodies, why not replicate that gesture in the issue of security consciousness.
We have to make such noise to enlighten people on security tips.
Some sectors are trying, but we need a national course on that. Banks are trying; they issue you with a Personal Information Number (PIN) code and warn you not to disclose it to another person.
There are nasty mistakes people make that can be corrected by way of security tips.
There is no message you get from banks without attached warning that you should not make available your PIN or password available to anybody.
Exiting Challenges
As we speak today, a lot of companies are rejecting data coming from Nigeria, just because they do not trust us.
The reason is not far-fetched; some of the data or mail that emanate from Nigeria are transferred in an unencrypted format and it gives the foreign partners concern.
Transferring information to that partner in an unencrypted format may reveal the data or information to the third party.
Those foreign companies are cautious about how their data are shared or circulated and would not permit any process that will compromise them.
Opening the channel to ‘unauthorized’ or ‘unwarranted’ party can lead to financial loss. Nigeria currently loses money to international organizations.
Why? During computer transactions you have to adopt solutions made abroad, even when such can be developed in Nigeria, which points to the none-existence of authorities that will regulate that in our country.
Solutions
What can be done is what NITDA is doing now, by coming up with a blueprint. I have gone through the document and it is a well elucidated document that makes bare how PKI operates.
The essential part of the project implementation should be on proper sensitization of stakeholders comprising users, businesses, organizations and others that will benefit from PKI scheme.
The next thing is for NITDA to table the document before the National Assembly for proper legislation.
Once the NASS is convinced that the business class has accepted it, it will receive accelerated hearing, because this is tied to the success of majority of the nation’s economic agenda, like the vision 20:2020.
General News
MTN Graduates 20 Fellows, Expands Media Innovation Programme

MTN Nigeria, in partnership with Pan-Atlantic University (PAU), marked a significant milestone in advancing Africa’s media landscape with the graduation of 20 Fellows from the MTN Media Innovation Programme (MIP) Cohort 4 held at the Lagos Business School.

MTN
The ceremony celebrated excellence, resilience and forward-thinking storytelling, while also announcing the programme’s expansion into a Pan-African edition beginning next year.
The six-month programme, known for its rigorous coursework, demanding schedule and strong emphasis on critical thinking, included an international study visit to South Africa that broadened participants’ understanding of media innovation across the continent.
The graduation event acknowledged the Fellows’ commitment to completing the intensive journey while strengthening their capacity to influence the future of African media.
Dr. Ikechukwu Obiaya, Dean of the School of Media and Communications, PAU, commended the Fellows for their persistence throughout the programme. “In some moments, it was pretty grueling for some of you, but you made it. You are here, and I congratulate you,” he said.
“He encouraged them to see the graduation as a new beginning, adding, “We have so much to do, and each one of us is best positioned now to make that transformation.”
Tobe Okigbo, Chief Corporate Services and Sustainability Officer, MTN Nigeria, congratulated the cohort on successfully completing the six-month programme and reaffirmed MTN’s long-term vision for the initiative.
He said, “Congratulations on completing this journey. You are joining a network of professionals who are committed to elevating the media landscape in Nigeria and beyond.
“The future of this programme depends on your impact. This cohort represents the outcome we envisioned when the journey began. Today, the programme is not only thriving but also expanding.”
He further announced that the Pan-African edition of the programme will be launched in 2026, providing media professionals across the continent with the same level of immersive training and unique exposure experienced by the Fellows.
A key highlight of the event was MTN Nigeria’s presentation of ₦2.5 million in cash prizes to Fellows whose projects demonstrated exceptional innovation, depth of research and alignment with the programme’s ethos of impactful storytelling. The awards were presented by Chineze Gbenga-Oluwatoye, General Manager, Corporate Affairs, MTN Nigeria, and Odunayo Sanya, Executive Director, MTN Foundation.
Vanessa Ukamaka Richard Bassey, Head of Programmes, Sparkling 92.3 FM, Calabar, emerged as the top winner, receiving ₦1 million for the MTN Foundation Chairman Award for Innovative Reportage and another ₦1 million for the MTN Chairman’s Prize for Innovation. Sharing her experience, she said, “It’s been a training ground. It has opened me up to new things and made me more confident. There’s something about knowledge and information and exposure to your mind and to your esteem. After today, I know there’s nothing to be afraid of.”
Abolaji Adebayo received ₦500,000 for the MIP Cohort 4 Best Report, recognised for its clarity, depth and relevance to national discourse.
Several Fellows shared how the programme has reshaped their careers. Adekeye Ayobami of Abamimigo FM described the programme as arriving at the perfect moment, aligning with his recent career elevation.
Ubani Amarachi of Channels TV highlighted the value of the South Africa trip, noting that it transformed her approach to telling African stories and reinforced her belief that graduation marks the beginning of greater responsibility and impact.
The graduation of the MIP Cohort 4 Fellows, coupled with the announcement of the Pan-African edition, reinforces MTN Nigeria’s long-standing commitment to strengthening the media ecosystem through education, exposure and innovation.
The partnership between MTN Nigeria and Pan-Atlantic University continues to serve as a catalyst for developing media professionals equipped to shape narratives, advance societal progress and drive meaningful change across Africa.
General News
FirstCap Acts as Joint Issuing House on Veritasi Homes & Properties Plc’s ₦30 Billion Bond Programme

FirstCap Limited, a premier investment banking business and a wholly owned subsidiary of FirstHoldCo Plc, acted as Joint Issuing House and Placing Agent on the Veritasi Homes & Properties Plc’s Series 1 Bond of ₦10 billion under its ₦30 billion Bond Programme duly registered with the Securities and Exchange Commission (SEC).

The Bond Programme is designed to support the development of Project Oyster Towers, located within Eko Atlantic City. Proceeds from the Series 1 Bond issuance are expected to be applied towards the construction of 30 luxury residential units, forming part of an 82-unit residential development comprising one-bedroom, two-bedroom, and three-bedroom apartments.
Veritasi Homes & Properties Plc is an indigenous real estate development company with operations across Lagos State and the Federal Capital Territory, Abuja, and a growing track record in the delivery of residential real estate projects in Nigeria.
Commenting on the transaction, Ukandu E. Ukandu, Managing Director/Chief Executive Officer of FirstCap Limited, stated:
“We are proud to partner with Veritasi Homes & Properties Plc on this important transaction. The establishment of the ₦30 billion Bond Programme reflects our commitment to mobilising capital for the real estate sector, which remains a key driver of Nigeria’s economic growth. Project Oyster Towers exemplifies the future of luxury and sustainable living in Nigeria, and this transaction reinforces FirstCap’s role as a trusted advisor in major corporate finance initiatives.”
FirstCap’s involvement in the Bond Programme further reinforces our dedication to supporting the growth of the Nigeria’s real estate sector. The successful execution of this transaction highlights the depth of expertise within our capital markets team and our role in supporting issuers in accessing long-term funding solutions aligned with their strategic objectives.
By continuing to connect capital providers with high-impact infrastructure projects such as Project Oyster Towers, we remain committed to driving economic development and delivering long-term value for all stakeholders, Ukandu added.
General News
NITDA DG Calls for Innovation-Led Economic Rebirth @ Kano Startup Weekend

Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA), has called for a fundamental shift in Kano State’s economic strategy, urging stakeholders to embrace innovation, technology and collaboration as the drivers of growth in the 21st century.

Speaking at the Kano Startup Weekend, Inuwa acknowledge Kano’s long-standing reputation as the commercial nerve centre of Northern Nigeria and the wider Sahelian region, noting that its history of trade, enterprise and human capital provides a solid foundation for future growth.
He emphasised that while these strengths powered Kano’s success for centuries, the modern economy now offers even greater opportunities through innovation and technology.
He described innovation as the process of transforming ideas into impactful solutions through commercialization, stressing that when ideas are effectively deployed, they create value, solve societal challenges and generate sustainable economic growth. He noted that Kano’s large market, strategic location and vibrant entrepreneurial culture place it in a strong position to take advantage of innovation-driven opportunities.
According to him, “Innovation is the process of taking an idea from inception to impact. Invention on its own is a cost centre, but when you commercialise an idea, when you turn it into a product or service that solves a real problem and creates value, that is when you begin to drive economic growth and inclusion.”
He noted that the state hosts numerous degree-awarding institutions across federal, state and private ownership, providing a strong base for human capital development. However, he expressed concern that these institutions often operate in isolation from industry, with research outputs rarely translating into commercial or industrial applications.
He explained that innovation does not happen in silos and stressed the need for a strong, interconnected ecosystem that brings together academia, industry, startups, entrepreneurs and government.
According to him, universities should conduct research informed by industry needs, industries should leverage research to improve productivity and competitiveness, and startups should serve as the bridge that converts ideas into market-ready solutions.
He further encouraged entrepreneurs to leverage technology to build businesses that can grow beyond local markets, explaining that innovation-driven enterprises have the power to scale rapidly, create jobs and position Kano competitively at both national and global levels. According to him, digital platforms and emerging technologies now make it easier for startups to reach wider markets and develop solutions that were previously unimaginable.
“You can start your business here in Kano, but your thinking must be global from day one. Technology has removed barriers. With the right skills and platforms, a startup in Kano can build solutions that serve not just Nigeria, but the world,” he noted.
Highlighting NITDA’s ongoing interventions, the Director General outlined the Agency’s commitment to building national innovation capacity through targeted human capital development programmes. He cited the Digital Literacy for All (DL4ALL) initiative, which aims to equip Nigerians across all segments of society with essential digital skills, and the 3 Million Technical Talents (3MTT) programme, designed to produce a pipeline of globally competitive technical professionals in areas such as software development, data analysis and emerging technologies.
He said, “Through DL4ALL, we are ensuring that Nigerians at all levels have the basic digital skills needed to participate in the digital economy, while 3MTT is deliberately building a pipeline of globally competitive technical talents who can drive innovation, create jobs and attract investment.”
He explained that these programmes are key pillars of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises skills development, innovation, job creation and inclusive economic growth as pathways to national prosperity. According to him, empowering Nigerians with digital and technical skills is essential for building a resilient economy capable of competing in the global digital landscape.
“President Tinubu’s Renewed Hope Agenda is about investing in people, empowering them with relevant skills and creating opportunities for inclusive growth. At NITDA, we are using digital skills and innovation as tools to translate that vision into real economic impact for Nigerians,” he said.
Inuwa urged all stakeholders in Kano to work together to build a functional innovation ecosystem that can unlock the state’s vast potential. He expressed confidence that with the right mindset, strong collaboration and sustained investment in digital skills and innovation, Kano can reclaim its historic leadership role and emerge as a major innovation and entrepreneurship hub in Nigeria and beyond.
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