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FI Graduates 20 New Founders as Cohort III Closes
After a rigorous 14 weeks of business mentoring program, twenty startups made it to the Founder Institute Alumni Group out of almost three scores that started the program in the cohort III class.
The graduation event was held virtually with all stakeholders present, Chukwuemeka Fred Agbata (CFA), regional director; Chika Nwogu, associate director; Ifedy Eze, legal director; Fasuyi Olarotimi and other members of the Institute were on ground to celebrate with the new founders.
At the event tagged; “Leadership and Celebration” graduating founders from across the African Ecosystem were present and they all shared their success stories and their future plans going by the ideas they took away from Founder Institute.
Samuel from Uganda partook in the FI experience, he spoke about his challenging period during the 14 weeks exercise.
He pointed to the fact that he had no background in sales and had a problem growing from zero to something.
He also pointed out that he was a non-technical founder and the program made him grapple with the tech angles to his business.
Ogechi, another successful founder said she sacrificed sleep and had to do a lot of catching up to complete the 14 weeks exercise.
In her words “CFA kept hammering that he doesn’t think I will survive this program and that actually fuelled my resolve to see it to the very end”.
Although “tough and demanding” the exercise was worth it especially in the new order we are.
Mrs. Adenike Adeyemi of Fate Foundation commended the new founders for taking the deliberate decision to venture and complete the exercise even in this interesting year.
According to her, it is only an intentional person that can do this and see it through.
Speaking on leadership she said; “leadership from my personal angle means being responsible for the actions I take and not blaming others for whatever happens”.
She advised the founders to understand their team, identify their individual strengths, and zero in on ways in which the team can be driven for organizational growth.
She said; “there is no end to learning and as such we must always have ways to relearn and continually improve by having accountability points with whom we can be frank”.
Jim in his address advised founders to take humility seriously as it opens door of opportunities every time.
He said humility, determination, and passion are capable of taking entrepreneurs to whatever height they desire.
According to Jim, these attributes will not only make them conform to the new normal but will also keep them focused in these uncertain times.
Bunmi, another fresh founder gave her 14 weeks of experience in an emotion-laden manner while reacting to the moderator’s questions.
Bunmi spoke about how she felt she would not make it to the end of the exercise while expressing her satisfaction with the ability to establish a brand new network after the rigorous exercise.
“It is not enough to be a member of FI and graduate, the most important thing is the knowledge gained in the process and having people like Wande and CFA groom you even though the feedbacks were mostly brutal”.
Seun an Alumnus of FI also had few words with the new founders just before welcoming them to the Alumni group.
Seun walked the new members through the benefits inherent in being a member of the great network.
He mentioned collaborations as one of the greatest strategic windows available to them.
He also clarifies that being an FI graduate goes beyond fundraising as there are opportunities for growth.
Chika Nwogu, one of the Directors of the Institute advised the new founders to immediately begin to pay attention to structures and processes relating to their lines of businesses.
According to her, it is quite easy to get distracted with funding. “See yourself as a CEO with a trans-generational business and not just a startup,” she said.
While closing the virtual graduation ceremony, CFA, the regional director of Founders Institute felicitated with the new founders and reiterated that he understands how tedious the exercise was but the participants must understand that it was all intended for all-around sustainable development.
He hinted that the current class was mentored with curriculum four but curriculum five is launching early 2021 and will accommodate the lessons and realities of Covid-19 as it relates to the new normal.
CFA also made it clear that the Founders Institute has birthed over 200 thriving companies across the Nation.
In his words; “We are looking at a situation where we can have a great Intra FI business network”.
INTERPOL’s African Cyberthreat Assessment Report 2026 revealed that Artificial intelligence accounts for 55 per cent of reported cybercrimes across Africa and making attacks faster, more sophisticated and increasingly difficult to detect.
The report warns that the continent’s rapid digital transformation, marked by more than 1.1 billion mobile subscribers in 2025, is being matched by an equally rapid evolution in cybercrime, while fragmented legislation and limited AI readiness among law enforcement agencies continue to weaken responses.
The 40-page assessment, based on survey data from 36 African member countries, said cybercrime has shifted from isolated criminal activity to an industrialised, borderless ecosystem powered by AI.
According to the report, East Africa has become a hotspot for mobile money fraud and ransomware attacks targeting critical infrastructure, while business email compromise (BEC) and romance scams are widespread across Central and West Africa.
Southern Africa, it noted, has become an attractive target for international cybercriminals due to its high level of internet connectivity.
The report also highlighted the growing financial impact of cybercrime across the continent, revealing that losses have more than doubled since 2024, rising from 192 million dollars to 484 million dollars.
It attributed the increase largely to AI-enabled scams, credential harvesting and automated social engineering attacks.
INTERPOL said online scams remained the most commonly reported form of cybercrime in 2025, with criminals exploiting mobile money platforms, social media and AI-generated content to deceive victims.
It added that 72 per cent of surveyed countries reported the existence of scam centres, with the highest concentration recorded in Southern and West Africa.
The report further identified digital sextortion and online harassment as persistent threats, driven increasingly by AI-generated deepfakes and synthetic media.
According to data from TrendAI, one of INTERPOL’s partners, about 600,000 sextortion incidents were detected during the reporting period.
Business email compromise schemes have also become more sophisticated, with AI being used to generate highly convincing email communications.
The report said Africa-based threat actors are increasingly targeting victims in Europe and North America using cyber infrastructure spread across multiple jurisdictions.
INTERPOL warned that the absence of real-time information sharing between banks, telecommunications companies and law enforcement agencies has created significant vulnerabilities in tackling financial cybercrime.
It said cybercriminals are no longer relying solely on stolen credentials but are now creating AI-generated synthetic identities by combining genuine personal information with fabricated details.
These synthetic identities, the report noted, have been used to bypass biometric verification systems, open bank accounts, obtain mobile loans and register SIM cards under false identities.
Neal Jetton, Director of INTERPOL’s Cybercrime Directorate, described cybercrime as one of the most significant criminal threats facing Africa.
“Cybercrime has emerged as one of the most significant criminal threats to the region. AI is automating every stage of a cyberattack from reconnaissance and phishing to extortion and evasion.
“However, we see that when countries work together, cybercriminal infrastructure can be identified, disrupted and dismantled,” he said.
Despite the growing threat, the report highlighted progress in strengthening cybersecurity across the continent.
It disclosed that 17 African countries enacted or amended cybercrime legislation in 2025, while Senegal launched an online reporting platform to improve responses to online offences affecting children.
The report also noted that regional capacity-building initiatives are helping to improve long-term cyber resilience.
INTERPOL said four major cybercrime operations conducted in 2025, Operation Serengeti 2.0, Operation Contender 3.0, Operation Sentinel and Operation Red Card 2.0, resulted in more than 1,500 arrests, the seizure of hundreds of electronic devices and the recovery of over 100 million dollars.
To address the growing threat, the report recommended the adoption of standardised digital forensic capabilities, stronger cross-border collaboration, greater investment in AI literacy for law enforcement personnel and formal public-private partnerships to improve cybercrime prevention, detection and response.
The African Cyberthreat Assessment 2026 forms part of INTERPOL’s African Joint Operation against Cybercrime initiative, funded by the United Kingdom’s Foreign, Commonwealth and Development Office, with data contributions from Fortinet, Mastercard, the Shadowserver Foundation, S2W and TrendAI.
Nigerian students will soon design, assemble, test and fly drones as part of their university education, following a partnership between Miva Open University and Abuja-based defence technology company Terra Industries.
The collaboration comes as Nigeria intensifies efforts to develop indigenous capabilities in advanced manufacturing and defence technology, with both organisations seeking to strengthen Africa’s pipeline of deep-tech talent.
The partnership will see students gain hands-on experience in drone engineering and related technologies through dedicated labs and industry collaboration.
The partners will establish robotics, drone and virtual reality laboratories across Miva’s study centres, beginning with a pilot facility in Abuja.
Students will also gain access to industry-led workshops, research opportunities, internships and mentorship in artificial intelligence, robotics, cybersecurity and autonomous systems.
According to the partners, Terra’s engineering teams will work alongside Miva faculty to integrate hands-on hardware training into academic programmes, exposing students to real-world engineering challenges and building industry experience before graduation.
Nathan Nwachuku, co-founder and CEO of Terra Industries, said Africa’s technological future depends on developing engineers capable of building solutions for local challenges.
“The engineers who will build Africa’s future must learn by building. This partnership creates opportunities for students to work with the technologies shaping modern security, infrastructure and autonomous systems,” said Nwachuku.
Miva Open University said the initiative forms part of its commitment to experiential learning, adding that students will have the opportunity to “design, test and fly drones as part of their academic experience”.
The partnership builds on Terra’s expanding role in Nigeria’s defence technology sector. Earlier this year, the company signed a joint venture with the Defence Industries Corporation of Nigeria to localise the production of drones, robotics systems and cybersecurity infrastructure, supporting efforts to strengthen domestic manufacturing and reduce reliance on imports.
Atte Ayodeji, a Nigerian computer scientist,has developed an artificial intelligence algorithm capable of detecting, counting, grouping and generating healthy hair follicles during hair transplant procedures, an innovation that earned him the Best Innovative Technology award.
Atte Ayodeji
Ayodeji also graduated with a Distinction in his Master of Science (MSc) in Computer Science from Birmingham City University on Friday, adding another milestone to an impressive academic year.
Beyond his award-winning hair transplant innovation, the Nigerian researcher developed a system and framework on Explainable Artificial Intelligence (XAI) as a professional responsibility in the diagnosis of lung cancer.
His dissertation received a silver award at the PGXPO2026 Winter, further highlighting the impact of his research in applying artificial intelligence to healthcare.
Sunday Dare, special adviser on Media and Public Communication to President Tinubu, celebrated Ayodeji’s achievements in a post on X, recalling how he first met him in 2019 during his National Youth Service.
“In 2019 when I became a Minister of the Republic, I met a young man of medium height, genteel with penetrating eyes: Atte Ayodeji. His words rarely come out and he could easily be passed by unnoticed. But I noticed him especially when my SA Kemi Areola brought him to me asking my approval for him to do his Youth Service in my office. I approved. From then on he was unstoppable. His brilliance shown and he developed skills beyond his frame.”
Highlighting Ayodeji’s recent accomplishments, Dare congratulated him saying, “Congratulations Atte. I am proud of you!”
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