General News
Banks Should not Manage Risks Alone – Agu
Mr. George Agu is chief executive officer of ActivEdge Technologies Limited, a Pan African Information Technology Company, focused in development, Integration and Support of a wide range of Strategic and Transformational IT solution for the public and private sector. Prior to founding ActivEdge Technologies in Nigeria, George was the managing director of Neptune Software in the West African where he achieved remarkable success in over 2 years. He spoke to chike onwuegbuchi on the drive for the company and other issues.
IT Capacity
Nigeria is our country and we all share a responsibility of giving it the best possible. It is not a dumping ground and we must all wake up from our slumber to attend to issues bothering on value realization and optimization from every investment and spending particularly IT investments. Government is investing in IT, the private sector is investing in IT, each of these parties are investing with a mindset that certain set of values and objectives will be achieved. Our portion in the entire equation is to ensure that values are realized and optimized out of every cent spent by the stakeholders on projects. We must move from an environment where everyone can play to an environment where only well qualified and vetted experts can play which is why we would rather start by representing industry leaders and ultimately learning from it to built world class products.
If you look at the list of our partners which include ContinutySA, Avalon Biometrics, Experian, Mincom, Shaya Infosec, you would have formed a certain picture of reputation and quality in your mind, picture of achievements and authorities in various areas. The various partner companies are authorities in their own fields and there is only one reason for that: Projects are meant to succeed and they are not meant to be used as a learning ground.
These partners have made tremendous success in their various fields of specialization. ContinuitySA with over 21 years of leadership in BCM is the largest and foremost Business Continuity Management Company in Africa and to date, the only African based company who Exco sits on the board of BCI in the UK; Experian Decision Analytics with over 30 years of operations has over 20 credit bureaux globally, over 2000 customers, assist over 2 billion credit decisions yearly. Similarly, Avalon Biometrics are behind many voter registration projects, a simple example will include their projects in Philippines, Bangladesh and several others handled for the UNDP, the EU, and so on. We have chosen to operate this way because if it works out well in Nigeria, we are an immediate beneficiary in every way.
We want to leverage on the pedigree, the proven skill set, the capabilities, and the track record of those who have tried it and succeeded many times in delivering certain IT projects. We do not want to experiment with projects because projects are not toys, it must succeed. The purpose of projects, particularly government or private projects is economic development. In other words, success must rob off on the investment made and touch the lives of people for whom these investments have been made.
The success of projects must be felt by the stakeholders above and beyond reports and sign offs by the vendors and stakeholders; it must be felt. If the results are not felt, then you cannot really say that there is project success’.
Use of Biometrics
Biometrics has a wide range of uses and applications from homes, medicals, schools, telecoms, elections to anything because you cannot beat what it brings if well applied. Biometrics also comes in different forms, be it fingerprints, finger vein, palm vein, iris, thumbprints, retina scan, DNA, typing patterns, hand geometry, among others. Many countries have for example attained credible elections in recent times, thanks to Biometrics technology. According to Bruce Schneider, ‘Biometrics is seductive. Your voiceprint unlocks the door of your house. Your iris scan lets you into the corporate offices. You are your own key. Unfortunately, the reality isn’t that simple. Biometrics is hard to forge: it’s hard to put a false fingerprint on your finger, or make your iris look like someone else’s. Some people can mimic others’ voices, and
Hollywood can make people’s faces look like someone else, but these are specialized or expensive skills. When you see someone sign his name, you generally know it is he and not someone else’.
Focus of the Company
Active Edge Technologies is a is a multi faceted, multi expert IT company that is specialized in a wide range of solutions including Business Continuity Management, Risk Assessment and Analytics, Managed Security Services and Patch Management, Business Process Management and Biometrics.
Our role in this economy can be considered transformational. In business continuity management for instance, we have developed a short term, medium term and long term strategic plan aligned with goals for addressing BCM requirements of medium to large sized organizations. Failure to implement BCM by organizations can amount to reputation loss, increased operational costs and values; these are the issues that we intend to address. We are currently engaging organizations to provide information on the benefit of this exercise. I need to clarify that BCM and Basel2 share some common characteristics both in gain and deployment models. I say this because in most cases organizations embark on the two exercises due to regulation. In the same way, implementing BCM with a mindset of leveraging its benefits gives you a different result from implementing it because the regulatory authority has issued an order that compels organizations to do so.
So, we are engaging several organizations, banks, insurance companies, etc and providing them with as much information as we possibly can. We also use the same opportunity to know their various stages of implementation of BCM and where we can be of help. This will be followed by a training program which will be driven mainly by ContinuitySA. They will also be providing advisory, consulting and training services to individual organization based on request.
Our long term plan which we share with ContinuitySA is to build a world class business continuity management facility in Nigeria capable of hosting as many as 15 to 20 banks together should a disaster incidence occur. In the event of such an incident, we should be able to take host of these clients to the tune of 3,000 staff in a place. This facility once built should be able to have conference centres, contact centres, IT recovery centres, work areas recovery centres and so on. When you bring banks together and make them share a common business continuity management facility, what you have done is to save them from individually investing in houses, generators and people. This simply reduces their overall operational cost. This plan is a replica of a similar facility built by ContinuitySA in South Africa and a few other countries. They have operated it for several years now and they have the requisite skills to replicate the same facility here. We are very confident to work with ContinuitySA because they are the largest in that space in Africa today and they well understand some sensitive issues integrity and confidentiality of customer information mean.
Risk Analytic and Assessment System
Experian is the leading global information services company, providing data and analytical tools to clients in more than 65 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft. With over 30 years, Experian has developed its best practice analytical, consulting and product capabilities to support organizations to manage and optimize risk; prevent, detect and reduce fraud; reduce debt; meet regulatory obligations; and gain operational efficiencies throughout the customer relationship. We are working with Experian purely on account of our evaluation and assessment of the value that they can bring to the financial institutions in particular at this crucial time.
The work performed by most Risk Managers entails managing existing Risks. In that situation, less effort is invested in predictive Risk Assessment and Analytics, which ensures that new risks are detected and prevented from onset. A unique offering from Experian us is to give banks and other organization that grant any form of credit: Telcos, Insurance, etc a solution that ensures that they are able to detect and prevent risks even before it becomes part of the organizations and if they must allow it, they will have controls in place to be able to manage and control it. This is simply the strength of Experian’s Decision Analytics.
Vision for ActiveEdge Technologies
We want to be a recognized IT leader in Africa and beyond, an industry leader that delivers quality services and result to its customers. We want to be a choice organization for both customers and employees. A company that advances the capabilities, skills and employability of its staff, a company that benefits the social society, which is a dream that we have and where we are headed. We want to start from the point of representing industry leaders to innovating our own solutions and services. A few years from now, we are looking at having some unique products that will be patented on the African continent and globally. We want to look back and see real automation done in Nigerian, not just computerization. We would like to see more automation in the payment space, in the invoicing space, in the biometrics and identification space, in the banking space, in the finance and insurance space and the infrastructure space. These are our aspirations.
General News
NRS Debunks Viral Claim of New Tax on Vehicle

Nigeria Revenue Service (NRS) has denied reports that the federal government has introduced a new tax on vehicles.

The clarification follows the circulation of a viral message online claiming that all vehicle owners would be required to start paying a new tax from July 1, 2026.
In a statement released on Sunday, the NRS said the information in the message is false and did not come from the agency or any official government institution.Nigeria Travel Guides
According to Dare Adekanmbi, spokesperson for the NRS, the viral message was designed to mislead the public. He explained that it was made to look genuine by using official government logos and formatting.
The message reportedly instructed owners of private, commercial, and corporate vehicles to pay an unspecified fee either online or through approved banks and agencies. It also included a website that was wrongly presented as an official government platform.
Adekanmbi stressed that the website mentioned is not connected to the government and warned Nigerians not to make any payments based on such information.
He said the NRS has not introduced any new vehicle tax and that any official policy or tax change would be properly announced through verified government channels.
The agency urged citizens to ignore the fake message and avoid falling victim to possible fraud. It also advised Nigerians to always confirm such information through trusted and official sources before taking any action.
The NRS further encouraged the public to follow its official communication platforms to stay informed about genuine tax policies, updates, and government directives.
General News
NCC to Intensify Crackdown on Illicit Network to Protect Copyrights

National Copyright Commission (NCC) has reaffirmed that piracy remains a major threat to the nation’s creative economy, vowing to intensify its nationwide crackdown on illicit networks to protect intellectual property.

Pic credit…soundcloud.com
Dr. John Asein, director-general of the NCC, disclosed this in a statement to mark the 2026 World Book and Copyright Day.
The commission noted that piracy remains a major threat, undermining legitimate enterprise and eroding the economic value of creative works.
Asein lamented that inadequate distribution systems and limited access to books also constrain the growth of readership.
He described the event as an important occasion, which showcased the enduring value of books as foundations of knowledge, instruments of cultural preservation, and drivers of national development.
He described the theme for this year’s celebration, ‘Read Books, Respect Copyright,’ as a call on Nigerians to embrace reading as a lifelong habit, while recognising that respect for copyright is essential to sustaining creativity and rewarding authors.
The commission noted that Nigeria’s book industry has evolved significantly, from the post-independence emergence of indigenous publishing to today’s digitally driven ecosystem.
“Nigerian authors continue to gain global recognition, while publishers are expanding capacity. However, challenges persist,” he said.
The commission commended the National Intellectual Property Policy and Strategy, describing it as a bold step toward repositioning intellectual property as a driver of economic transformation.
The policy, according to him, provides a roadmap for revamping the book sector for the benefit of authors and publishers, and is accessible at ippolicy.ng.
The NCC also reaffirmed its commitment to inclusive access through the Marrakesh Treaty, as reflected in the Copyright Act, 2022, enabling accessible formats such as Braille and audio texts.
It urged Nigerians to respect copyright and purchase books only from authorised sources.
General News
Fusewall Holdings Acquires 100% Stake in Coloplus, Expands Telecom Infrastructure Footprint

Fusewall Holdings, founded by Azeez Amida, has announced the acquisition of a 100 percent equity stake in Coloplus Worldwide Service Limited, in a move aimed at strengthening its position in Nigeria’s telecommunications infrastructure space.

Fusewall Holdings
The deal marks a significant milestone in Fusewall’s broader strategy to build an integrated and future-ready platform across key sectors, particularly within the country’s fast-evolving digital economy.
The transaction was led by Amida, whose role in structuring and executing the deal was described as pivotal. According to the company, his leadership helped align stakeholders and navigate complex negotiations to ensure a successful close while positioning the business for long-term growth.
A spokesperson for Fusewall Holdings said the acquisition represents “a deliberate step forward” in the company’s expansion strategy, noting that the focus remains on building platforms that combine operational efficiency, resilience, and scale.
Coloplus brings a substantial operational footprint to the deal, including access to about 900 partner locations and roughly 20 owned sites. This combination of reach and infrastructure control is expected to give Fusewall a strategic advantage as it scales operations nationwide.
Fusewall said it plans to deploy capital, strengthen governance structures, and enhance operational execution as part of the integration process. The move is expected to improve service delivery, boost infrastructure reliability, and support expansion into underserved and high-demand areas.
The acquisition also aligns with the company’s broader ambition to help bridge Nigeria’s telecommunications infrastructure gap by expanding connectivity, improving network resilience, and advancing digital inclusion.
Fusewall Holdings said the deal reflects its commitment to disciplined execution and long-term value creation as it continues to grow its footprint in Nigeria’s digital ecosystem.
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