General News
AfriTECH 5.0: Chukwuemeka Mbabaie Champions Africa’s Digital Sovereignty Through Decentralized Systems

A powerful call for Africa to seize control of its digital future echoed through the hall at the 5th edition of the Africa Tech Alliance Forum (AfriTECH 5.0) in Lagos, as Lagos Blockchain Week Lead, Chukwuemeka Mbabaie, delivered a compelling presentation urging the continent to embrace decentralized systems as the foundation of a new, sovereign digital economy.

Mbabaie described the blockchain sector as a rapidly expanding “borderless, multi-billion-dollar industry,” already valued at more than $3 billion and growing at an unprecedented pace, and emphasized that Africans, particularly young Nigerians, must urgently position themselves to benefit from this global shift.
“You can be in Gombe or Makurdi and still earn globally. It’s a borderless environment,” he said, stressing that the blockchain ecosystem offers opportunities without the need for visas, relocation, or traditional entry barriers.
He explained that decentralized systems represent a fundamental redesign of digital infrastructure, one where no single corporation, government, or financial institution wields absolute control. Instead, authority is distributed across globally dispersed nodes and validators operating under transparent, verifiable rules enabled by blockchain and peer-to-peer technologies. This, he noted, stands in sharp contrast to Africa’s prevailing centralized systems.
While acknowledging the contributions of centralized platforms like Opay, Moniepoint, and M-Pesa in advancing financial inclusion, Mbabaie warned that their architectures leave millions vulnerable to outages, policy disruptions, and systemic failures.
He noted that blockchain networks, by comparison, rarely experience shutdowns due to their global distribution. “If a node in America goes down, the one in Gombe or China keeps the system running. That’s the beauty of space,” he said.
Beyond reliability, Mbabaie underscored digital sovereignty as decentralization’s most critical advantage. It enables financial transactions that cannot be arbitrarily blocked, digital identities that cannot be erased, and infrastructure that Africans themselves can build, own, and profit from.
“Africa owns the rails, not just rides the train,” he declared, urging stakeholders to envision a continent where Africans write the rules of their digital economy.
He broke down the foundational principles of decentralized systems, no gatekeepers, transparent rules, and universally distributed data, highlighting their superiority to traditional financial structures that can manipulate money or restrict access, adding that blockchain offers immutable transparency: “Any transaction can be seen. Any file can be tracked. Nothing disappears.”
Citing Bitcoin’s more than 200,000 active wallets and the resilience of decentralized internet initiatives like Wikipedia’s distributed network, Mbabaie argued that Africa must prepare for a future powered by smart contracts, AI-integrated protocols, and globally interoperable blockchain systems.
To fast-track this transition, he outlined three urgent policy actions for African governments and regional tech bodies:
· Data localization and mandatory interoperability to ensure critical digital infrastructure is hosted locally and free from vendor lock-in.
· A risk-based licensing regime for Virtual Asset Service Providers and a mandatory 90-day token classification window aligned with the VASPA framework.
· A ₦50 billion Sovereign Compute Fund to support the development of African-built Large Language Models (LLMs) and on-chain AI agents capable of competing in the global AI race.
Mbabaie praised Nigeria’s recent progress in establishing regulatory and compliance structures for blockchain adoption and reiterated that the nation still leads Africa despite earlier missed opportunities, and urged young innovators, policymakers, and industry players to act decisively.
“We are at a defining moment,” he said. “If Africa embraces decentralized systems now, we can unlock long-term economic empowerment, digital independence, and true global competitiveness.”
General News
First Trustees to Host 8th Islamic Estate Planning Clinic in Abuja

First Trustees, a subsidiary of First HoldCo Plc., and a leading provider of trust solutions for individuals, corporates, and government institutions, is proud to announce its 8th Islamic Estate Planning Clinic, scheduled to take place on February 7, 2026, in Abuja, Nigeria.

This highly anticipated forum is designed to educate and empower participants on structuring Islamic wealth transfer in today’s evolving world. The Clinic will provide practical guidance on how to secure and preserve legacies in accordance with Islamic principles, ensuring that wealth is managed and passed on responsibly across generations.
The event is being hosted in partnership with The Metropolitan Law Firm and will feature an esteemed lineup of speakers, including: Professor Isah Ali Pantami, Former Minister of Communications and Digital Economy; Professor Adam Abubakar, ESQ, Professor of Islamic Banking and Finance, Yobe State University; Professor Dauda Abubakar, Founder and Director, Dawood Research Institute; HE Aisha Babangida, Chairperson, Better Life Program for the African Rural Woman; Ummahani Ahmad Amin, Managing Partner, Metropolitan Law Firm; Barrister Mohammed Yunusa, Partner at The Metropolitan Law Firm; Ismail Rufai, Managing Director/CEO, One17 Financial Services Limited; Mutiat Olatunji, Al-ameen Trustees Limited; and Rotimi Obende, Head, Private Trust, First Trustees Limited.
Together, these thought leaders will share insights on the importance of Estate Planning within Islamic law, highlighting strategies for safeguarding family wealth and ensuring continuity.
First Trustees remains committed to providing innovative trust solutions that help clients preserve their legacies while staying true to their values.
General News
Nigeria’s Data Privacy Economy Hits ₦16.2bn – NDPC Commissioner

Nigeria’s data privacy ecosystem has generated an estimated ₦16.2 billion in less than two years, according to the National Commissioner of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji.

NDPC
Speaking during a virtual press conference at a capacity-building engagement held at the Marriott Hotel, Ikeja, Lagos, Olatunji said the figure reflects the growing importance of data protection in Nigeria’s digital economy.
He noted that the Commission’s initiatives have created jobs, boosted compliance, and strengthened trust in digital transactions.
Olatunji explained that Nigeria’s journey in data protection began in 2019 with the establishment of the NDPR framework, which later evolved into the NDPC.
Since then, the Commission has focused on building awareness, strengthening compliance, and creating a robust ecosystem that integrates technology, collaboration, and sustainability.
He highlighted Nigeria’s active role in the Network of African Data Protection Authorities (NARPA), stressing that the country has emerged as a continental leader in privacy regulation.
In December 2025, the NDPC won the Picasso Award as Africa’s most outstanding data protection authority, a recognition he said underscores Nigeria’s growing influence in the global privacy space.
Responding to questions from journalists, Olatunji assured that the Commission is committed to protecting the rights of data subjects, including the ability to correct or ratify personal details on government platforms.
He urged citizens to report violations to the NDPC for immediate intervention.
On concerns about international data transfers, particularly agreements involving Nigeria and foreign governments, Olatunji said the Commission would continue to monitor such arrangements to safeguard national interests and ensure compliance with data protection laws.
He concluded by stressing that data privacy is central to Nigeria’s future economy, calling for sustained investment in human capital, technology, and regulatory frameworks to build trust and confidence in the digital space.
General News
How Plot to Topple Tinubu was Uncovered, Foiled

A covert intelligence operation coordinated by the Army Headquarters and the State Security Service (SSS) helped thwart a deadly plot to overthrow President Bola Tinubu’s government and assassinate key political figures, PREMIUM TIMES can authoritatively report.

Multiple senior administration insiders said the plot began to unravel in late September 2025 after an unnamed military officer with direct knowledge of the coup contacted the Olufemi Oluyede, then Chief of Army Staff.
The officer reportedly disclosed the scheme, saying he feared being implicated as an accessory to treason if he failed to alert authorities.
Our sources said around the same time, the SSS independently gathered intelligence indicating that some serving army officers were plotting to “destabilise the government and undermine Nigeria’s democracy.” An official familiar with the matter said Oluwatosin Ajayi, director-general of the SSS, personally briefed Mr Oluyede on the findings.
Faced with converging intelligence from multiple sources, the two security chiefs agreed to act swiftly. A wide-ranging but discreet joint operation was launched by the army and the SSS, with coordinated arrests planned across different parts of the country to neutralise the coup’s masterminds and other collaborators.
On 30 September 2025, as President Tinubu travelled to Imo State for an official visit, unaware of the plot to depose and possibly assassinate him, the joint operation went into effect. The sweep led to the arrest of the alleged principal architects of the coup, alongside other military and civilian suspects.
Emmanuel Undiandeye, chief of Defence Intelligence (CDI), and the then Chief of Defence Staff, General Christopher Musa, were subsequently briefed.
Mr Undiandeye was then requested to detain the suspects in the underground holding facility of the Defence Intelligence Agency.
Following the initial arrests, President Tinubu was formally informed of the foiled plot. A visibly shaken president immediately ordered the cancellation of the 1 October National Independence Day parade. He also approved the constitution of a special investigative panel, which later led to additional arrests. The investigative panel was led by General Undiandeye.
One of the detained soldiers later escaped custody but was rearrested by SSS operatives in Bauchi, a military insider said.
Meanwhile, a retired officer identified as General Adamu and a former governor, Timipre Sylva, accused of bankrolling the coup plotters, remained at large.
Tinubu later fired and retired General Musa, then Chief of Defence Staff, as well as the chiefs of the navy and air force. My Oluyede was appointed CDS and promoted to the rank of General. Weeks later, Mr Musa returned to government as Minister of Defence.
In a statement issued on 4 October, the Defence Headquarters said the arrested officers were being investigated for “indiscipline and breach of service regulations.”
It added that preliminary findings suggested the officers’ grievances were linked to “career stagnation and failure in promotion examinations.”
Despite mounting evidence and a series of detailed reports by PREMIUM TIMES and other media outlets, the military repeatedly denied that a coup plot existed.
In an 18 October statement, the Defence Headquarters described the probe involving the 16 arrested officers as a routine internal investigation aimed at maintaining discipline and professionalism within the armed forces.
However, on 26 January, the military publicly acknowledged for the first time that officers had indeed plotted to illegally overthrow President Tinubu’s administration. It announced that those indicted would be arraigned before a military judicial panel.
According to the Defence Headquarters, the investigation was “comprehensive” and conducted in line with established procedures, examining “all circumstances surrounding the conduct of the affected personnel.”
It said the findings revealed “a number of officers with allegations of ‘plotting to overthrow the government,” describing such conduct as ‘inconsistent with the ethics, values and professional standards required of members of the Armed Forces of Nigeria.”
“Accordingly, those with cases to answer will be formally arraigned before an appropriate military judicial panel to face trial in accordance with the Armed Forces Act and other applicable service regulations,” the statement added.
In an earlier report, PREMIUM TIMES quoted sources with direct knowledge of the investigation as identifying top officials allegedly marked for assassination. They include President Tinubu, Vice President Kashim Shettima, Senate President Godswill Akpabio, and Speaker of the House of Representatives, Tajudeen Abbas.
“There are other people targeted,” one source said. “But those are the key targets.”
The plotters also planned to detain senior military officers, including the service chiefs. “They did not want to kill them,” the source added.
According to the sources, the conspirators intended to assassinate the political leaders simultaneously. “They were waiting for a day when all of them would be in the country,” one official said. “Wherever they were, they would be assassinated.”
The sources said the plotters relied on informants within the Presidential Villa and around the officials slated for elimination.
“They have people inside the Villa who monitor the movements of these officials,” the source said. “The plan was to kill them at the same time and install a military government.” (PREMIUM TIMES)
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