General News
AFRIFF 2018 through the Lens of Tecno Mobile
The Africa International Film Festival has partnered Tecno Mobile, Africa’s largest smartphone manufacturer for 2018 AFRIFF Film Festival.
The exciting and innovative annual film festival which seeks to bring the diversity of African films into one experience by screening vast film categories including feature films, documentaries, short films and so on; bring various film makers and actors around the continent to share their different film making and acting experiences and bring together the entertainment and movie industry for the purpose of improving the industry in Nigeria and Africa alike.
The festival which kicked off with a screening of Jahmil Qubeka’s ‘Sew the winter to my skin’ on Sunday the 11th of November came to an exhilarating end on Saturday the 17th of November with the AFRIFF Globe awards.
In between, over 100 films from 25 countries were screened with industry seminars and Master classes held every day.
As part of its commitment to developing and encouraging smartphone photography and film making, Tecno Mobile had a strong presence made up of key members of its Marketing and creative Department at all the key events during the festival.
The brand also sponsored and presented the AFRIFF Short film category award at the glamorous AFRIFF Globe Awards to the eventual winner ‘1745’.
On hand to present the award were Tecno Nigeria’s Marketing Manager Abel Huo and T-BOY, the Tecno mascot.
According to Jesse Oguntimehin, PR and Strategic Partnership Manager, Tecno Nigeria, “Tecno does not only develop amazing products, we also create and partner with experiences that highlight the unique features of our devices.
“With the international nature of Afriff and its focus on film culture, we have brought the strength of our Camon series to fore.
“We are definitely looking forward to playing a bigger role at next year’s edition.
At the red carpet were A-list guests such as Omotola Jalade-Ekeinde, Rita Dominic, Ego Boyo, Ini Edo and Uche Jumbo.
They had the opportunity to experience the amazing selfie quality of the TECNO Camon X Pro and 11, while interacting with T-Boy and the media.
Every year, Afriff aims at creating a platform for film enthusiasts and students to learn.
It also provides an opportunity for the film industry in Nigeria and Africa to grow and develop while creating a platform for investors and shared technical knowledge. It also showcases the unity in diversity of African films.
Economic and Financial Crimes Commission (EFCC), has detained Tunde Ayeni, former chairman of defunct Skye Bank Plc, for alleged fraud involving N36.5 billion and $30 million.
Tunde Ayeni, former chairman of defunct Skye Bank Plc,
This follows the probe of alleged diversion of N36.5 billion and $30 million secured as loans from Polaris Bank Plc through companies linked to Ayeni.
He was arrested by EFCC operatives in Abuja on April 23, 2026, and is still been held in custody as at the time of filling the report.
Dele Oyewale, spokesperson, EFCC, confirmed the arrest on Friday but declined to provide further details.
Ayeni is under investigation for diverting funds obtained for marine security, electricity distribution, and real estate projects into other unknown projects.
Investigators allege the loans were instead channelled into telecom investments tied to NITEL/MTEL assets via a NATCOM account.
About 12 firms believed to be connected to Ayeni are also under investigation for their role in securing the loans.
The EFCC is expected to file charges once the investigation is concluded.
Summit Household Solutions Limited has opened its ultra-modern manufacturing facility in Ota, Ogun State, as part of its efforts to scale production of home and personal care products in Nigeria.
The plant, which started operations in April 2025, produces items such as dishwashing liquids, handwash, sanitisers and multipurpose liquid soaps, with an annual capacity estimated at 7,000 tonnes.
Commissioning the facility on behalf of Governor Dapo Abiodun, the Permanent Secretary, Ministry of Commerce, Trade and Investment, Mr Kehinde Akintomide, said the investment reflects growing confidence in Ogun State’s business environment.
He noted that the state hosts over 6,000 manufacturing firms and described the development as consistent with ongoing efforts to promote industrialisation, attract investment and reduce reliance on imports under the Federal Government’s Renewed Hope initiative.
Akintomide disclosed that the factory has already employed more than 50 Nigerians, with projections to exceed 250 jobs as operations expand.
In his remarks, the General Manager of the company, Mr Sadiq Ali, said the facility represents a major step in Summit’s growth plans, adding that its flagship brand, 2Sure, currently leads production at the plant.
He also revealed that the company is preparing to introduce new home and personal care products later this year.
Summit Household Solutions manufactures the 2Sure brand and has expanded into the personal care segment with Lewar, a premium beauty soap line positioned for quality and affordability.
Among dignitaries present were the Onikotun of Otun, Ota, Oba Abdulakeem Odunaro, representing the Olota of Ota, Prof. Adeyemi Abdulkabir Obalanlege; the Agba Akin of Ota, Chief Dada Olusola; Director of Investment, Ms Yemisi Folarin; Director of Industrial Promotion, Mr Femi Adeboye; former Managing Director of 7Up Bottling Company, Mr Ziad Maalouf; and the Chief Executive Officer of OmniRetail, Mr Deepanker Rustagi.
Speaking at the event, Maalouf, who conceived the 2Sure brand during his time at 7Up Bottling Company, expressed satisfaction with its growth and commended Summit Solutions Limited for advancing the brand.
The special guests were conducted around the facility, and the programme was concluded with a luncheon.
The administration of Donald Trump has frozen $344 million in cryptocurrency allegedly linked to Iran, marking a sharp escalation in financial pressure on Tehran.
The move comes amid stalled diplomatic efforts and a fragile ceasefire in the region.
U.S. Treasury Secretary Scott Bessent confirmed that authorities are sanctioning multiple crypto wallets tied to Iran. “We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he said.
Tether, which facilitated the transactions, said it worked with U.S. authorities to freeze the funds across two wallet addresses after receiving intelligence linked to unlawful activity.
A U.S. official said blockchain analysis revealed “material links” to the Iranian regime, including transactions routed through intermediary addresses connected to wallets associated with the Central Bank of Iran.
Responding to the development, Tether CEO Paolo Ardoino said the company does not tolerate illicit use of its stablecoin. “USD₮ is not a safe haven for illegal activity. When there is credible linkage to sanctioned entities or criminal networks, we act immediately,” he stated.
The crackdown underscores the growing reliance of sanctioned states on digital assets to bypass traditional banking restrictions. Data from Chainalysis shows Iran’s cryptocurrency holdings reached $7.8 billion in 2025, with the Islamic Revolutionary Guard Corps reportedly controlling about half.
Analysts say while the freeze is significant, Iran has historically adapted to sanctions. Daniel Tannebaum of the Atlantic Council noted that targeting third-party actors enabling such transactions may be key to increasing pressure.
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