General News
AFRICA: A Digital Colony
Look! Africa is fast becoming a digital colony without her realizing it.Am deeply afraidwith the way we are going,that one day if nothing is done, we will wake up and see one smart kid in say China remotely controlling the economies of nations in Africa!Yes,it is as bad as that, if you have keenly followed trends of events happening especially in the cyberspace.And frankly this demands a state of emergency by African Union. In my opinion; this is the new war we need to fight in Africa withcode warriors for digital independence! Africa,one of the largest continents of the world,blessed with great human and material resources no doubt,it becomes unfortunate that even with these abundant resources,our nations are still very poor,underdeveloped and living in the third world. When i look at emerging economiesand the vintage role Africa should play, i say to myself, why is Africa still sleeping. Are we really ready for the coming wealth and power transfer? How are we positioned? We seem to become eternally clueless about technology, its place in African development and what the future holds. My fear is that in thisnew knowledge economy driven by technologies,Africa has started playing the same ignorant and i –dont- care role they played during the Agricultural and industrial age which left us with hunger, poverty and lack. It even took our self esteem away.In this digital age,the consequences cannot be imagined because of the speed associated with digital advancement and if nothing is done now, Africa might never recover from this digital colonisation. I am writing this with the mind that if Africa can realize what she has, find ways to develop the continent using technology as the driving force,we will be the next continent to beat in the global arena of technology competitiveness and overcome this digital enslavement!It isclear that any nation or continent that cannot develop and grow its own technologies has no future and will depend on others.They will hardly regain their freedom. Our over dependency and consumption of technologies(with none made in Africa)have left us as a digital colony while we plough the fields of other smart nations making them Digital giants and singing their songs in Africa. Digital colonization enslaves Africa in her domain making her fully dependent on the global IT savvy nations for all her technology needs, thereby compromising her critical resources and her sovereignty without her knowing. Chris Uwaje in his book-e-Knowledge-Time is running out!aptly captures the entire scenario of a digital colony,he said”some shortsighted nations will wake-up at midnight one day,in the early decades of this century and suddenly realize that they have been digitally colonized. The resultant effect of this will seriously impact on the future generations to come. It simply means that the entire life,culture and sovereignty of a nation and her citizenry have been unknowingly to the people traded off and taken over by IT-smart, powerful and knowledge- centered information force and/or forces on the globe.” The following points to the fact that we have been digitally colonised:Technology Products Consumption in Africa,Technology and Security in Africa,Data storage and management in Africa,Technology Entrepreneurship in Africa. I look around Africa and i see no technology product of African origin that is serving the tech needs of the people ,not to talk of ones for export,still our technology consumption is very high in Africa.Our countries have turned into a digital dumping ground for used and out dated tech stuffs. Right now as you are reading this, if you are in Africa, look around where you are,can you identify any Made in Africa Tech Product?That is how deep the truth of the matter is.From the websites we visit daily to thecars we drive,the computers and laptops,servers, our mobilephones with the sim cards,you name them, to even the smallest of gadgets. They are shipped to us from other nations. None is made in Africa and yet we take so much delight in promoting and associating ourselves with the Global brands of other continents; have you ever given this a thought? It’seven a bigger shame when you find out that most times it is Africans in diaspora that drive those tech developments around the world, why can’t we use our knowledge and experience to develop our Africa viatechnology. I see many African intellectuals all over the world, with PhDswith no invention to their credit, no contribution whatever to the development of Africa. All they do is speak and give speeches at forums without any thought of how to move the continent forward. I see them as academic derelicts of African descent!I began to imagine-What do Africans use their PhDs for?To suppress their brothers and sisters? While others improve the lives of their brothers and sisters in other continents. Yes,i know there are several reasons why no one should live in Africa,from bad government to bad policies but those are the same reasons that keep bringing investors(oyibos) into Africa to explore what the people do not know exist with them. True development in Africa can only be done by Africans. Let’s briefly look at Security and Technology in Africa,since we cannot develop our technologies in Africa;our technology needs for National security and critical information management in Africa like inour central and commercial banks,stock exchanges,Government information system,Military and defenseinformation system, other vital information of the state,who handles them?Whatsoftwarerunsthem? Many interesting questions that can come out of this.These important aspect of security in Africa are always outsourced to India,China, US or other tech savvy nations. For example,Nigeria launched her second satellites with critical information management outsourced to China because we don’t have what it takes to handle such. That has clearly put us at the mercy of China and the government seems not to know the implications of such in time to come.It has very graveconsequences and cracks on thesovereignty and the ability of Africa to really protect,control and manage herterritories. The Governments have failed to make the needed investment to grow her local technology, at last they lose control of their countries and at the end everyone is asking why African nations arewar-torn. I watch with keen interest the controlling effect of technologies in developed economies ,this have made the government of such tech savvy nations fully interested in these technology companies and their well being. They are seen as a national pride and they represent the future of those countries. Their government goes ahead to protect them against international influences, i remember vividly when Google was having issues in China, itwas not only a fight for Google but American government plays key role in that.We have also witnessed theCanadian government throw her full support at RIM/Blackberrry as their national pride.Across the African countries, where lies our national pride in technology?Which brand can we export to the world that can stand as a global brand in technology,that’s what am talking about.We have no pride in Technology all over the world,we are all dependants and that is digital slavary. In recent times following the exponential growth in Mobile related businesses in Africa,We have all agreed that the future of Africa lies in Mobile,yes,I agree but how many African companies will benefit directlyfrom these mobile boom.It is clear that the people that will directly benefit are the equipment manufacturers(like Nokia, Samsung,Blackberry and others), Software and application developers then the network providers.Which among these have Africa entrepreneurs positioned themselves to benefit from? A deeper look into this subject brings us to the question:How is the Internet exchanges in Africa developed?Do we have efficient Internet exchangePoints (IXPs) to route our internet traffic and data carrying our critical resources and information?The Internet Exchange Point is an important infrastructure to be considered in national development. The most worrisome is that this negative effect is handed down from generations to generations;the young generation of African Youthsare the ones to lead the change and make things right despite the daunting challenges. We cannot leave Africa the way we met her,We need to take our destinies in our hands. I applaud several tech based initiatives being powered by Young people across Africa,from Kenya,Ghana,South Africa,Egypt,Nigeria, Zambia,Cameroon to other nations in Africa. In all of these, we should understand where we are now,where we need to be and how to get there. We should also know the type of Start- ups we need in Africa right now to make the needed impact.Startups that can put us in the world map among the comity of nations like Facebook,Google, Twitter etc they are not there to fight their government. I have full conviction that African youths have great potentials that can change the world if harnessed and given the right environment. We need to start encouraging more young people to study Physics, Mathematics, Engineering, Software development, ComputerScience and related courses.We have dearth of competent professionals in these areas. I won’t conclude this without suggesting a few things that we need to do now to avert this perpetual digital enslavement. Africa urgently needs her own technologies,technology companies of global repute and a technology work force to handle all her tech needs. The African Union should see technology as a tool that will leapfrog Africa’s development and therefore develop a pragmatic roadmap for its achievement. The governmet of African nations should develop policies aimed at developing their nations through technology. They should make special preferences for Africa owned technology businesses and give them the support,protection and encouragement to grow into a global brand. Investment in technology development should be a deliberate and conscious effort by all Africans. Our leaders and people in government who have stolen public funds should also have the mind to invest in Africa in the area of technology development rather than stash the money in faraway Swiss boosting other economies. There should be several organisations,government,individuals and businesses who will provide grants,venture funds to young Africans to help them grow their ideas.This is really lacking in Africa.And there lies our furture. And finally our orientation about ourselves should change,we are not inferior in anyway!Viva Africa!!
General News
NDIC Reinforces Full Oversight Compliance to Safeguard Depositors

Mr. Thompson Sunday, the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC has consistently remitted the required percentage of its earnings to the Federal Government.

Mr. Sunday made this known during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, as part of NDIC’s ongoing engagement with key stakeholders following his formal assumption of office in July 2025.
According to him, NDIC takes financial accountability and transparency seriously, stressing that the Corporation complies fully with statutory remittance obligations, including the payment of 20 per cent of gross earnings or 80 per cent of net surplus to the Federal Government, as applicable. He added that NDIC also submits its financial statements ahead of statutory deadlines.
The NDIC MD/CE explained that this culture of compliance aligns with the Corporation’s role as a key institution within Nigeria’s financial safety-net, charged with protecting depositors and promoting confidence in the banking system. He emphasized that adherence to fiscal discipline remains central to NDIC’s credibility and effectiveness.
Mr. Sunday further disclosed that NDIC also complies with the Federal Government’s 50 per cent cost-to-income ratio policy, although he noted that the policy poses operational constraints. He explained that the deductions affect NDIC’s ability to build a strong Deposit Insurance Fund, which is needed to respond effectively to bank failures.
He stressed that international best practices under the Core Principles for Effective Deposit Insurance issued by the International Association of Deposit Insurers (IADI) require deposit insurers to maintain adequate funds to reimburse depositors when banks fail without recourse to government, adding that the NDIC is seeking an exemption to strengthen its capacity in this regard.
Mr. Sunday described MOFI as a critical stakeholder, noting that the Federal Government, through MOFI, holds a 40 per cent equity stake in NDIC. He said sustained collaboration with MOFI is essential to ensuring that NDIC continues to meet its obligations to government while effectively safeguarding depositors’ funds.
In his remarks, Dr. Takang commended the NDIC for its exemplary collaborative spirit and acknowledged the Corporation’s compliance with fiscal regulations. He assured that MOFI would continue to engage the Federal Ministry of Finance on NDIC’s behalf, noting that a strong NDIC is vital to sustaining confidence in Nigeria’s financial system.
Both institutions reaffirmed their commitment to continued cooperation, transparency and accountability, with Mr. Sunday reiterating that NDIC remains focused on balancing regulatory compliance with its overriding mandate of depositor protection and financial system stability.
General News
T2 Backs Youth Excellence as NCBC Wins Bosun Tijani Foundation Basketball Tournament

T2 has reaffirmed its commitment to youth development and excellence through sport as the NCBC basketball team, adopted by the brand, emerged champions of the Bosun Tijani Foundation Youth Basketball Tournament held at the Alake Sports Complex, Ijeja, Abeokuta.

The tournament, organised by the Bosun Tijani Foundation in collaboration with the Ogun State Government and supported by several partners including T2, brought together 12 competitive teams from across Nigeria, positioning basketball as a powerful platform for youth engagement, discipline, and opportunity.
NCBC’s championship run reflected the values T2 seeks to champion, work ethic, intelligence, teamwork, and resilience. The team recorded commanding victories over Team Vision, Warlords, and Elevate before defeating the Ilupjeu Raiders 66–52 in a gripping final.
Commenting on the adoption of the team, Seni Ogunkola, Vice President, Brands and Communication, T2 stated “NCBC embodies the qualities we believe in, exceptional work rate, intelligence on the ball, discipline, and a hunger to excel. By supporting them, T2 is investing in potential, purpose, and the next generation of leaders on and off the court.”
The climax of the event saw His Royal Highness, Oba Adedotun Gbadebo, the Alake of Egbaland, alongside Nigeria’s Minister of Communications and Digital Economy, Bosun Tijani, present the trophy to the victorious team, drawing rapturous applause from spectators. The event was also attended by the Chief of Staff to Ogun State Governor Dapo Abiodun, Mr. Lere Olayinka, and the Ogun State Commissioner for Sports, Honourable Wasiu Isiaka, underscoring strong institutional support for youth-focused initiatives.
Through its participation in the tournament, T2 continues to position itself as a brand that goes beyond sponsorship, championing platforms that unlock talent, inspire ambition, and create lasting social impact for Nigerian youth.
General News
Ecobank Guarantees Seamless Digital Banking Services Throughout the Christmas and Year-End Period

Ecobank Nigeria, a member of Africa’s leading pan-African banking group, has assured customers of uninterrupted access to banking services throughout the year-end holiday period via its secure and robust digital platforms. The Bank also urged customers to remain vigilant against fraud and scams during the festive season.

Ecobank Bank
Speaking on the development, Victor Yalokwu, Head, Products & Analytics, Consumer & Commercial Banking, Ecobank Nigeria, said the Bank’s digital channels – including the Ecobank Mobile App, Ecobank Business App, USSD *326#, Ecobank Online, OmniPlus, Omnilite, EcobankPay, RapidTransfer, Ecobank Cards, ATMs, PoS terminals, and over 35,000 Ecobank Xpress Point (Agent Banking) locations nationwide – will remain fully available to support customers throughout the yuletide and year-end holiday period.
He noted that customers will continue to enjoy a wide range of services during the period, including local and international funds transfers, bill payments and airtime top-ups, merchant payments, balance inquiries and account statements, as well as cardless cash withdrawals via ATMs.
According to Yalokwu, “Ecobank encourages customers to leverage these digital solutions for safe, fast, and efficient banking, especially during the festive season when convenience and reliability are essential.
“While physical branch operations may be subject to adjusted working hours in line with public holidays, customers can be assured that Ecobank’s digital platforms are designed to deliver uninterrupted service and enhanced security at all times.
“Ecobank remains committed to providing innovative financial solutions and exceptional customer service, and we wish all our customers a joyful festive season and a prosperous New Year.”
Yalokwu also cautioned customers to remain vigilant against fraudsters and scammers during the period. “Before you wrap up the year, tighten your security. December brings online sales, travel, and year-end distractions—this is exactly when scammers are most active. From fake festive deals to cloned merchant sites and suspicious messages, staying vigilant helps keep your money safe.”
He advised customers to shop only on trusted websites, never share their PINs, passwords, or one-time passwords (OTPs), avoid banking on public Wi-Fi networks, be cautious of urgent or emotionally charged messages, and regularly review their account activity.
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