News
UBA Foundation Calls for Entries from SSS Students for National Essay Competition

Students in secondary schools across the country have been invited to submit entries in the 2013 UBA Foundation National Essay Competition.
The essay competition for secondary students is organized by UBA Foundation; the corporate social responsibility arm of UBA to encourage healthy and intellectual competition among secondary school students in Nigeria.
Ijeoma Aso, managing director/CEO, UBA Foundation, announced the call for entries at a press conference held on Thursday at the bank’s head office in Lagos. She said that all senior secondary schools students across the country are eligible to participate in the competition.
“The 3 best essayists are selected as the overall winners from 12 finalists that will emerge from the first round of the competition. The first, second and third prize winners will receive N1,000,000.00, N750,000.00 and N500,000.00 in educational grants respectively” she stated.
The national essay competition which is in its third consecutive year, has witnessed increased participation from students since it was first launched in 2011. According to her there were more than 2000 entries from all over the country in 2012 representing a 300 per cent increase from the previous year.
“The Essay competition is meant to complement UBA Foundation’s ‘Read Africa Initiative’ which is also part of the Foundation’s efforts in arresting the falling standard of education on the continent. This year we expect to receive more than 4000 entries for the competition. We encourage all senior secondary students across the country to send an entry with the next six weeks when the competition will be open. Entries close by November 1, 2013 and no late entry will be accepted” she explained.
To participate in the competition, eligible senior secondary students are expected to send in handwritten entries on the topic ‘How Reading has Impacted my Knowledge’ to the UBA Foundation’s office in Lagos.
At the end of October, 2013 when entries close, four renowned Nigerian Professors will review the entries and select an initial shortlist of 12 for further assessment until the overall 3 best candidates emerge.
Mr. Charles Aigbe, divisional head, Marketing and Corporate Relations, UBA Plc, said the essay competition falls within the four focus areas of the Foundation; Education, Economic Empowerment, Environment and Special Project. According to him, the Bank’s CSR projects are geared toward promoting sustainable development in communities where UBA operates across Africa.
“The competition is a key aspect of our investment drive in human capital and we will continue to sustain the exercise. Education is very strategic to us as an institution. Each year, we also donate books to students in Nigeria and other parts of Africa, under the ‘Read Africa’ initiative to encourage and promote the reading culture in secondary schools,” he stated.
Professor Ralph Akinfeleye, representative of the judges’ panel and Head of Department, Mass Communication, University of Lagos, noted that the Essay competition demonstrates UBA Plc’s commitment to development of Nigeria’s educational sector.
He revealed that the students would be judged on content, organization and mechanical accuracy and urged the students to address the topic of the essay, instead of writing on other subject matters.
“The marking process is a comprehensive and rigorous process that reflects transparency. We are as careful as we are painstaking in our collective assessment of the candidates” he said.
As a the CSR platform for the UBA Group, UBA Foundation embodies the Group’s CSR objectives and seeks to impact positively on the society through a number of laudable projects and initiatives..
News
NCC Retains Rudman as Chairman of the Newly Inaugurated IPv6 Council Board, Tasked Them to Advance Nigeria’s Digital Migration

The Nigerian Communications Commission (NCC) has officially inaugurated the new board of the Nigerian Internet Protocol version 6 (IPv6) Council in Ikeja, Lagos. Mr. Muhammed Rudman, Chief Executive Officer of the Internet Exchange Point of Nigeria (IXPN), will continue to serve as Chairman.

This inauguration marks a significant milestone for Nigeria’s telecommunications sector, as global demand for IPv4 now exceeds the available IPv4 address space.
Following the event, Rudman acknowledged the contributions of former board members, including Olusola Teniola (former President, ATCON), Funke Opeke (Founder, MainOne), Mary Uduma (former President, NiRA), and Lanre Ajayi (past President, ATCON), emphasizing that their involvement was instrumental in establishing the nation’s foundational IPv6 migration efforts.
Rudman noted that membership in the IPv6 Council is institution-based. The reconstituted board includes Mr. Muhammed Rudman as Chairman and a representative from the NCC as Co-Chairman. Institutional representatives from NITDA, ATCON, NIRA, ALTON, ISPON, and NgREN serve as board members, with Dr. Chris Uwaje and Prof. Latif Ladid acting as Advisers. This group is responsible for leading the nationwide migration from IPv4 to IPv6.
“The transition to IPv6 is a strategic national priority. It is essential for enabling Nigeria’s digital transformation, economic growth, and global competitiveness. The council’s strategy identifies IPv6 as a primary catalyst for national development, focusing on three pillars: supporting emerging technologies such as 5G and the Internet of Things (IoT), promoting economic diversification, and providing enhanced security and performance compared to legacy solutions such as Network Address Translation (NAT),” Rudman stated.
To achieve these objectives, the council’s action plan is structured around two primary initiatives: awareness-raising and capacity-building. The board will prioritize promoting national awareness of IPv6 through targeted events and workshops, while also providing IPv6 training to network engineers across various operators, including ISPs, telecommunications companies, educational institutions, and financial organizations. These efforts are expected to facilitate the acquisition and deployment of IPv6 throughout Nigerian networks.
The council will develop and oversee the national IPv6 strategy, monitor adoption across sectors, and report regularly to the Federal Government. Additionally, the council will identify technical challenges, strengthen local engineering capacity, and recommend regulatory measures to encourage ISPs, telecommunications operators, academic institutions, and enterprises to upgrade.
With the Nigeria IPv6 Council now operational, local enterprises and network providers are required to upgrade their systems to sustain the nation’s position in the global digital landscape.
News
ALX Broadens AI Training in Africa

Pan-African talent accelerator ALX is expanding its footprint and shifting to a fully self-paced learning model to train and integrate young Africans into the workforce, as the global economy reorganises around artificial intelligence (AI).

Partnering with the MasterCard Foundation, the technology training provider and career accelerator designed to equip African talent, says it enables learners to access tech training for $5 a month.
It emphasises a shift in demographics saying that by 2035, more young Africans will enter the workforce annually.
ALX notes that its model has graduated 347,100 learners, with 63% finding employment within six months. Women represent over half of all graduates. To increase flexibility, the organisation emphasises that learning is now entirely self-paced.
“Learners progress through modular blocks, earning credentials as they go, ensuring that the training fits around their existing responsibilities,” says Shana-Michelle Rabonda, Chief Operating Officer of ALX.
Rabonda adds that global employers are taking notice: “We are building a direct pipeline to the global digital economy. When companies look for elite tech talent, they are looking at Africa.”
Due to this demand, firms such as Absa, Stanbic Bank, MTN, and KPMG now employ between 50 and 180 ALX graduates each. Meanwhile, community entrepreneurs have created over 60,100 jobs through AI startups like Signvrse and Edulga.
With Africa’s AI market projected to grow to $16.5 billion by 2030, ALX operates alongside competitors like Moringa School and GoMyCode to secure mindshare.
“With the right skills and networks, young Africans can seize these opportunities,” Rabonda emphasises. “Africa’s youth should not just be consumers of AI; they should be creators shaping innovations that will define the global economy.”
News
Swift Network Faces Winding-up Battle over Alleged N115m Debt

A Federal High Court sitting in Lagos has ordered the advertisement of a winding-up petition filed against telecommunications service provider, Swift Network Plc, over its alleged inability to settle a debt exceeding N115 million.

The order followed an application filed by Optics and Wireless Limited through its counsel, Bimbo Adebayo-Ogunlaja, urging the court to permit the publication of the winding-up petition instituted against the company.
In the petition, Optics and Wireless Limited alleged that Swift Network Plc is indebted to it in the sum of N115,482,302.88, being the outstanding payment for network devices supplied to the telecommunications firm since April 2024.
The petitioner is also seeking the payment of N70,530,062 as accrued interest arising from a loan facility allegedly obtained to finance the transaction between both parties, as well as general damages for breach of contract.
According to court documents, the dispute arose from a series of transactions carried out between April 2024 and February 2025, during which Swift Network Plc, through its procurement officer, allegedly requested the petitioner to manufacture and supply various network devices based on purchase orders issued by the company.
The petitioner stated that payment for the supplied items was expected either immediately after delivery or within 30 days of supply, but alleged that Swift Network repeatedly failed to honour the agreement despite receiving the products.
Optics and Wireless Limited further claimed that it became apparent after the final order for servers in April 2025 that the respondent was either unwilling or unable to settle the accumulated debt.
The petitioner also informed the court that its solicitors, Messrs Zionla Legal Practitioners & Solicitors, subsequently issued a statutory notice of demand dated December 11, 2025, demanding payment of the outstanding sum and accrued interest.
According to the petitioner, all efforts to recover the debt proved unsuccessful, adding that the situation has exposed the company to serious financial challenges and possible legal action from the bank that allegedly granted it the loan facility used to execute the supply contracts.
Optics and Wireless Limited argued that Swift Network Plc is insolvent and unable to meet its financial obligations, urging the court to wind up the company in line with the provisions of the Companies and Allied Matters Act and the Winding-Up Rules.
Among the reliefs sought, the petitioner asked the court to order that Swift Network Plc be wound up by the court and that any voluntary winding-up process involving the company should continue under the supervision of the court.
Justice Lewis Allagoa subsequently adjourned the matter till July 10 for further hearing.
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