News
Atiku Advocates Mobile Technology Use to Conquer Illiteracy

Alhaji Atiku Abubakar, former vice president of Nigeria, has advocated the use of mobile technology to conquer illiteracy in the country.
Posting on his website, http://atiku.org/aa/, he said that, for centuries, reading and writing was the privilege of the few, the upper class and those obliged by religious duty.
Atiku highlighted that, yet the ability to read is the world’s most empowering tool without which participation in a healthy democracy is extremely limited.
According to him, “Today, a literate, educated and informed citizenry forms the backbone of democracy – the peoples’ government.
Reflecting further, he said, “In Nigeria, unfortunately and inexcusably, we are headed in the wrong direction. Here at home, rates of illiteracy are on the rise as a result of prolonged instability and insecurity. Last week, the Executive Secretary of the National Mass Education Commission (NMEC) Alhaji Jibrin Paiko revealed that Nigeria’s illiteracy rate has continued to rise with roughly 56 million illiterate adults.
“Nigeria cannot hope to achieve a successful democratic transition, without first equipping its people with the tools of participation and empowerment.
Addressing insecurity and terrorism does not have to come at the expense of progress in education and infrastructure. In fact, all of these things are so intrinsically related that both must be addressed simultaneously in order to achieve enduring results.
“With Education we have employment, paired with infrastructure we have a Nation that is not open to violence that comes from frustration and that over time leads to a vulnerability to violent extremists.
“Research has shown that many young people participate in organized crime and terrorism as a result of their disenfranchisement and disempowerment. I can see how easy it would be for a person with little to no education and limited prospects for economic security to be seduced into extremism and begin to harbor resentment for a system that has failed them. In order to quell the appeal of criminality, we must work to build a system that promotes progress, creates opportunity and ensures safety and is built on a foundation of freedom and justice for all”.
He said that the fundamental problem with literacy in Nigeria is the lack of printed text and books available.
According to the United Nations Educational, Scientific and Cultural Organization (UNESCO), Nigeria has one library for every 1.3 million people, meeting less than 1 percent of its book needs.
The process of designing, printing, binding and shipping books is a costly endeavor, making printed text prohibitively expensive. Not to mention, books are fragile and easily destroyed.
Atiku added that, “Today, there are new, cost-effective innovations that can be harnessed to deliver text to students, teachers and readers worldwide. In 2013, UNESCO, in partnership with Nokia, began work within Nigeria to expand a mobile educational platform called “English Teacher”, which sends teachers educational content and messages with lesson plans and advice once a day.
“UNESCO found that mobile phones were the most effective way to get text into the hands of the people after finding that “of the estimated 7 billion people on Earth, over 6 billion now have access to a working mobile phone.”
It is important to note that Worldreader Mobile (WRM), another organization working with UNESCO, is a non-profit on a mission to bring e-books to “every child and her family.”
Worldreader allows people to access books and stories from mobile phones and works with local authors to digitize their work in order to provide culturally relevant material to their consumers.
The most attractive aspect of e-readers is that they can reach users of all ages and genders, confronting illiteracy across the board.
“Nigeria can and must take advantage of and harness these opportunities and technological advancements, but federal and local officials need to lay the groundwork. Mobile applications for reading are not enough to teach literacy on their own, but rather provide access to text that did not exist before. Teachers are as significant as ever in their ability to interact face-to-face with students and teach the basics of language.
“Literacy is transformative: it increases earning potential, decreases inequality, improves health outcomes and breaks the cycle of poverty. Our people can and must benefit from an aggressive literacy program that will not only seek to educate the masses for their participation in an effective democracy, but also seek to reengage disenfranchised persons and reduce the number of people turning to criminality to earn a living,” the former vice president said.
News
DataPro Upgrades Dangote Cement’s Credit Rating to AA+

DataPro Rating Agency has upgraded the long-term credit rating of Dangote Cement Plc to AA+ from AA, citing the company’s strong financial performance, market leadership and ability to meet its financial obligations despite Nigeria’s challenging economic environment.

In its latest rating report, the technology-driven credit rating agency also affirmed Dangote Cement’s short-term rating at A1, with a Stable Outlook. The ratings are valid until June 16, 2027.
DataPro said the upgrade reflects the cement maker’s sustained financial strength, resilient operating performance and dominant position in Nigeria and across Africa.
According to the agency, the assessment followed a comprehensive review of the company’s capital base, earnings, liquidity, corporate governance, regulatory compliance and the sustainability of its financial performance over the medium to long term.
It noted that Dangote Cement’s strong brand, leading market share, solid earnings, robust asset base and experienced management continue to strengthen its ability to meet financial commitments on time.
The agency also highlighted the company’s outstanding financial performance in 2025.
According to the report, Dangote Cement posted N4.31 trillion in revenue during the year, representing a 20 per cent increase from the previous year. Profit before tax more than doubled, rising 109 per cent to N1.53 trillion, driven by higher sales, improved operating efficiency, lower finance costs and a stronger capital structure.
DataPro said the AA+ long-term rating indicates low credit risk and reflects excellent financial strength, business profile and operating performance relative to its rating benchmarks.
It added that the A1 short-term rating signifies good credit quality and shows that the company has a strong capacity to meet its short-term financial obligations as they fall due.
The rating agency, however, noted that the credit rating has a maximum shelf life of 12 calendar months in line with international best practice and should be used only as a reference, not as an offer to trade in securities or as a substitute for investors’ independent judgement.
News
Xora Finance, Fintech Firm Refuses to Hire Nigerians over Alleged Dishonesty

Xora Finance has announced it will no longer consider job applicants from Nigeria.

Xora Finance is a digital bank founded by Joren Lundgren, in February 2026 and allows users to deposit and earn interest on their XRP cryptocurrency.
Lundgren, founder, in an announcement on X (formerly Twitter), cited an ongoing pattern of misconduct, such as dishonesty and theft, from previous Nigerian hires as the reason for the decision.
This sudden blanket ban came just days after the company’s official career page was aggressively recruiting remote workers for marketing and content roles.
The announcement generated heavy backlash online, with many people upset that a blanket rule punishes honest job seekers.
News
How Ponzi Scheme Victims can Seek Legal Remedies — Lawyers

Some lawyers have said that victims of Ponzi schemes have legal remedies, although recovering lost funds and prosecuting perpetrators remain major challenges.

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new participants rather than from actual profits.
Operators lure victims by promising high returns with little to no risk.
The scheme inevitably collapses when the flow of new investors slows down.
Some lawyers who spoke to News Agency of Nigeria (NAN) separate interviews with on Sunday, said that victims could pursue civil actions to recover their money.
Mr Chibuikem Opara, a lawyer at Justification Chambers, Ikeja,said many Nigerians continued to fall victim to Ponzi schemes in spite of repeated warnings.
Opara said it was wrong to attribute participation in Ponzi schemes to a lack of investment opportunities, noting that promoters often exploit investors’ greed through promises of unrealistic returns.
“What you cannot take away is the fact that many Nigerians have fallen and continue to fall victim to these schemes every time,” he said.
According to him, victims may individually or collectively institute civil actions against the beneficiary company for breach of contract or refund arising from failure of consideration.
Opara said victims could also unite to seek an order from the Federal High Court to wind up the beneficiary company.
He, however, noted that such efforts might yield little benefit if perpetrators had already siphoned the funds and left behind an empty shell.
The lawyer said available remedies largely depended on the actions of relevant authorities, adding that recipient accounts could be frozen to facilitate fund recovery and support winding-up proceedings.
Opara said regulators and law enforcement agencies often became aware of Ponzi schemes only after substantial losses had occurred.
According to him, victims frequently failed to report suspicious schemes early enough to enable timely intervention.
He added that funds are sometimes moved outside the country before authorities become aware of the fraud.
Opara also cited inadequate information and the deceptive nature of the schemes as major obstacles to investigation and prosecution.
“Most times, everything about the schemes is made to appear elusive, just like the profits promised to victims,” he said.
Also speaking, Mr Vincent Aminu of A.F. Aminu and Co. advised that victims of investment scams should report such cases to appropriate law enforcement agencies on time.
Aminu said victims could petition the Economic and Financial Crimes Commission (EFCC) or file reports with the police.
He said that after investigation, prosecutors could bring charges against suspects under relevant fraud-related laws, including provisions of the Criminal Code and the Advance Fee Fraud and Other Fraud Related Offences Act.
Beyond criminal prosecution, Aminu said .victims could pursue civil actions to recover their money
According to him, such actions may be based on breach of contract, unjust enrichment, or fraudulent misrepresentation, depending on the circumstances.
He added that victims could petition the Securities and Exchange Commission (SEC), which could investigate illegal operators, shut down unauthorised platforms, and freeze assets.
He identified the anonymity of online fraudsters as one of the biggest challenges confronting investigators.
According to him, many operators concealed their identities through fake digital profiles and technologies that made tracking them difficult.
Aminu also noted that victims who delayed taking legal action risked losing opportunities for redress.
He added that prolonged court proceedings often delayed justice for victims.
“Many fraud-related cases take years before the court reaches a verdict, thereby delaying justice for victims,” he said.
Also, Mr Chris Ayiyi of Ayiyi Chambers, Apapa, described Ponzi schemes as a gamble that benefited early participants at the expense of later investors.
Ayiyi said some early entrants received returns on their investments, thereby encouraging others to join the schemes.
He said the schemes eventually collapsed, leaving late investors to bear the losses
The lawyer called for a complete ban on Ponzi schemes or sustained public enlightenment campaigns against them.
He urged the National Assembly to enact laws that would strengthen regulation and provide greater protection for investors.
According to him, stronger legal safeguards are necessary in a country operating a capital-based economy.
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