Connect with us

News

Dr. Obi Bags Life Time Achievement Award for Pioneering Digital Payment

Published

on

Dr. Valentine Obi, founder and group chief executive officer of eTranzact International
Kindly share this post

Dr. Valentine Obi, founder and group chief executive officer of eTranzact Global was at the weekend in Lagos honoured with the Lifetime Achievement Award for pioneering end-to-end card and digital payments at the 12th Beacon of ICT Distinguished (BoICT) lecture series and awards.

Dr. Obi Bags Life Time Achievement Award for Pioneering Digital Payment

Dr. Valentine Obi, founder and group chief executive officer of eTranzact International

The BoICT Lecture series, widely regarded as the most prestigious annual event available in the ICT industry in Nigeria, is designed to explore efforts to put Nigeria on the global information and communications technologies map.

And the awards are the Oscars of ICT Awards.

Dr. Obi was honoured for his contributions to Nigeria’s economy particularly in the electronic payment sector.

The event attended by over 80 chief executives of top companies in Nigeria had as it chairman Engr. Ikechukwu Nnamani, president, Association of Telecommunications Companies of Nigeria (ATCON) and CEO, Medallion Limited; and Mr. Bimbo Abioye, second vice president, Institute of Software Practitioners of Nigeria (ISPON), among others.

Muhammed Rudman, president of Nigeria Internet Registration Association (NIRA) and chief executive Officer of IXPN and chair IPV6 Council of Nigeria, delivered the keynote address with the theme “5G: Exploring New Frontiers for Superior Service Delivery”

At the event, Dr. Obi was recognized as a champion for African Innovation in Technology and for establishing eTranzact businesses in Ghana, Cameroun, Nigeria, South Africa, United Kingdom.

Dr. Obi, a tech-entrepreneur, is also the founder and architect of XCEL Inc, the newest challenger bank in London, United Kingdom.

XCEL enables users to open a full UK Bank Account (Sort Code and Account Number) in less than five minutes, with complete UK regulatory compliance of KYC and AML (Anti Money Laundry) processes embedded.

XCEL African roadmap is well on its course with some countries already signed on.

Dr. Obi, is also the founder of KYIARA, the first Factoring technology platform in Africa.

Kyiara, provides all the stakeholders in the factoring sector cost saving, convenience, secure but transparent means to conduct factoring business within the continent.

He has an extensive experience in Information Technology sector and has served in various capacities both locally and internationally as a project director of various IT projects, including World Bank assisted projects in different countries.

In 2003, Dr. Obi became the first African to receive the coveted Computerworld Honors Gold Medal of Achievement in San Francisco, USA, for innovative and visionary use of information technology to produce and promote positive, social, economic and educational change.

By this, his work is listed in over 150 libraries around the world, including Harvard, etc.

In January 2008 his company received “The Most Innovative Product of the Year” award from the Central Bank of Nigeria.

Other awards received includes: 2012 Best Mobile Payment Initiative Award in South Africa; 2014 Mobile Payment Solution of the Year Award by LEAD Africa, etc.

Just after AfCFTA was signed off by the African head of states, Valentine was one of the two Nigerians appointed to the Advisory Council of African Trade Gateway (ATG) by Afreximbank in Egypt.

ATG is a vehicle for accelerating intra-African trade and ultimately support the attainment of the goals of the African Continental Free Trade Agreement.

ATG recognizes the critical role digital technology will play in facilitating intra-African trade, boosting access to trade finance and diversification of African trade from commodities to manufacturing and services.

Our role in the Council, is to provide advice and guidance on the strategic ATG roadmap.

In addition to his love for technology and applications, Dr. Obi is also involved in the development of the educational sector, he is a pioneer member of the Board of Regents of Covenant University and a lecturer at the Word of Faith Bible institute, WOFBI.

As one of his give back to his community, he started JIL Foundation with his wife, to help the education of the less privileged around his sphere of influence. He is a Provincial pastor with the Living Faith Church Worldwide, a member of Young Presidents Organization (YPO) / World Presidents Organization (WPO) and a member of the Institute of Directors (IOD), Nigeria.

Dr. Obi holds a Doctorate degree  from International School of Management, Paris, France.

He also holds an MBA from Instituto de Empressa, Madrid, Spain and an alumnus of the Harvard Business School, Boston, USA

mber of National Payment Technical Committee.


Kindly share this post

News

Lagos Targets Vulnerable Residents in Expanded Social Register

Published

on

Kindly share this post

Lagos State Government has intensified efforts to strengthen its social protection framework with a fresh push to update the state’s Single Social Register.

Lagos Targets Vulnerable Residents in Expanded Social Register

Babajide Sanwo-Olu, Governor, Lagos

This was contained in a press statement on the government’s Facebook page on Wednesday.

The initiative, led by the Lagos State Ministry of Economic Planning and Budget, formed the focus of a strategic engagement held on Monday with Community-Based Targeting teams, local government coordinators and field enumerators across the state’s 57 Local Government Areas and Local Council Development Areas.

The meeting, themed “Closing the Gap: Accelerating Lagos State Single Social Register Update,” took place at the Radio Lagos Multipurpose Hall in Agidingbi, Ikeja.

Officials said the exercise is aimed at improving the accuracy and reach of the register, which serves as a critical tool for planning and delivering targeted social interventions, including financial support, healthcare and education services.

Speaking at the session, Ope George, commissioner for Economic Planning and Budget, commended field workers for their commitment while urging them to scale up their efforts.

He called on participants to be “more intentional by intensifying their commitment,” reaffirming the government’s resolve to “continuously strengthen and refine the Register to reflect evolving realities.”

Also speaking, Olayinka Ojo, permanent secretary in the ministry, described the register as central to effective governance and service delivery.

She said “it remains a cornerstone for effective planning and delivery of social intervention programmes,” adding that the ongoing update is designed to “further enhance data reliability, coordination, and service delivery outcomes.”

Ojo noted that sensitisation efforts would be expanded across all councils to ensure wider inclusion of residents, stating that “the advocacy and sensitisation will scale throughout the 57 LGAs and LCDA to give more to Lagos residents.”

According to the government, the updated register is expected to expand access to social protection programmes and improve the targeting of interventions for the most vulnerable populations.

The engagement also provided a platform for stakeholders to strengthen collaboration, improve data quality and reinforce transparency in grassroots data collection.

The state government reiterated its commitment to leveraging accurate data and partnerships to drive inclusive development, reduce vulnerability and improve living standards across Lagos.


Kindly share this post
Continue Reading

News

Study Shows 38% of Northern Women Lack Access to Financial Services

Published

on

Kindly share this post

A new study by Bayero University, Kano, has found that 38 per cent of women in Northern Nigeria do not have access to financial services.

The study, carried out by the Aminu Kano Centre for Democratic Studies of the university, was supported by the Gates Foundation. It examined how social norms and behavioural factors influence financial inclusion across the 19 Northern states.

The report, titled “Understanding Influence and Behaviour in Northern Nigeria” and unveiled in Abuja on Wednesday, stated that while 52 per cent of women are financially served, only 45 per cent access formal financial services through deposit money banks, merchant banks, interest-free banks and microfinance institutions.

It stated that “38 per cent of women across the region lack access to financial services. “52 per cent of women are financially served, while 45 per cent access formal financial services through Deposit Money Banks, merchant banks, interest-free banks and microfinance institutions. An additional seven per cent utilise other formal non-bank financial products, including insurance services. ”

Speaking at the unveiling, the Director of Academic Planning at Bayero University, Prof. Yusuf Garba, who represented the Vice Chancellor, Prof. Haurna Musa said the research was designed to uncover why the region lags in financial access.

“This study, which started in 2024, aims to examine how social norms influence attitudes and behaviour of various groups across Northern Nigeria, particularly to find out why states in the region fall behind in access and use of financial services,” he said.

Garba explained that the research, conducted over 18 months, produced two volumes detailing how influence structures, trust hierarchies, gender norms, and religious considerations shape decisions around finance, health and education.

He added, “The report is structured into volumes to provide a unified explanation of how social norms, authority structure, and trust shape financial behaviour across Northern Nigeria.”

On the findings, the Principal Investigator, Prof. Ismael Zango, said the data aligns with figures from the National Bureau of Statistics, particularly on poverty and unemployment.

According to him, “unemployment in the region stands at about 37 per cent,” while “poverty levels average about 80 per cent across Northern Nigeria, with Sokoto State recording the highest rate at over 80 per cent.”

Zango stressed that addressing financial exclusion requires more than temporary interventions.

“Economic empowerment must go beyond token financial support,” he said, adding that “sustainable development requires equipping women and youths with relevant, market-driven skills.”

He cited women-led initiatives such as groundnut processing groups in Kebbi State and the Women in Agriculture programme in Kano State as practical models.

“These initiatives should be scaled up to bring more people into productive economic activities and reduce poverty,” he said.

In her remarks, the Chief Executive Officer of Enhancing Financial Inclusion and Advancement, Mrs. Foyinsolami Akinjayeju, described financial inclusion as both an ethical and economic imperative.

Akinjayeju called for stronger collaboration among stakeholders, including government, financial institutions and development partners, as well as policy reforms to address existing gaps.

“Everyone has a role to play, but commitment must come from the top,” she said.

The findings come amid growing concerns over low financial inclusion rates in Northern Nigeria, driven by poverty, unemployment, and entrenched social norms that limit women’s economic participation.


Kindly share this post
Continue Reading

News

CISA Asks NDPC, Police to Act on Alleged Data Breach by NIPSS

Published

on

Kindly share this post

Citizens Initiative for Safety Awareness (CISA), advocacy group focused on security, data protection, and counter-terrorism, has urged the Nigeria Data Protection Commission (NDPC) to provide an update on a petition alleging a cybersecurity breach and unlawful access to private communications involving officials of the National Institute for Policy and Strategic Studies (NIPSS).

CISA Asks NDPC, Police to Act on Alleged Data Breach by NIPSS

Mr Chidi Omeje, national coordinator, in a letter dated April 10, 2026, observed no response from the commission so far.

Filed on July 1, 2025, by Mr Yushau A. Shuaib, the petition claims unauthorised access, interception, and use of private digital correspondence belonging to him and PRNigeria, his company.

The complaint named Barrister Nima Salman Mann, Rear Admiral Abubakar Abdullahi Mustapha, and Professor Elias Wahab concerning the alleged breach. Such incidents are outlined in the Nigeria Data Protection Act (NDPA) 2023, regarding data privacy, cybersecurity safeguards, and the protection of sensitive information.

CISA said if confirmed, the alleged actions contravene Nigeria’s data protection framework, with implications for data governance, safety of confidential media sources, and public trust in institutions.

It requests the NDPC to clarify the status of the probe, disclose any interim findings, and cite measures to prevent similar breaches.

The organisation believes the matter has evolved beyond an individual complaint, describing it as a test of the government’s commitment to enforcing its data protection laws, especially within ministries, departments, and agencies.

CISA also appealed to Tunji Disu, inspector general of Police, to order an investigation into the alleged cybercrime.

In a statement,  Omeje criticised the “prolonged delay” by the Force Criminal Investigation Department (FCID) in acting on a petition submitted since June 2025.

The group said, despite “credible evidence,” the police had yet to invite or question the individuals mentioned. Pointing out that two of the officials share membership in the National Institute (mni) with the former DIG at the FCID, CISA raised concerns about a possible conflict of interest.

Omeje clarified that the petition was different from the civil suit at the Federal High Court over Mr Shuaib’s withdrawal from the NIPSS programme.

“An elementary legal principle holds that a civil suit cannot be a bar to criminal investigation or prosecution,” he noted.

CISA called on the police to act in accordance with due process, advising the authorities to uphold the rule of law and restore public confidence.

It contends that failure to act decisively could erode trust in law enforcement and reinforce perceptions of a two-tier justice system.


Kindly share this post
Continue Reading

Trending