Telecom
Earnipay Restates Bold Ambitions for the Financial Wellbeing of Salary Earners Across Nigeria

Against the backdrop that salaried employees often run out of money between paydays or are in a fix when the money they have can’t take care of pressing needs and bill payments, earned wage access and financial service provider, Earnipay, has doubled down on its bold moves to drive employee wellness through its innovative and flexible on-demand access to earned salaries and the new addition of financial education product; MINT and savings opportunities.

L-R: Adedotun Adegbite, Marketing and Comms Manager, Busayo-Onome Oyetunji, Chief Operating Officer, Nonso Onwuzulike, Chief executive Officer, Chioma Nwandiko, Product Manager, Joshua Ajayi, Chief Technology officer, all from Earnipay, during an interaction with journalists in Lagos on Wednesday.
Given that most employees when hamstrung financially resort to either borrowing, taking a loan, or requesting a salary advance and the attendant challenges that go with these problem-creating options that include exploitative interest rates, embarrassment from loan sharks and predatory payday lenders or going down the rabbit hole of further debts, and a plummeting of salary advance schemes, Earnipay enables employers to offer employees access to their earned salaries instantly at any time without making changes to their existing payment process nor any cost whatsoever.
For as low as 250 naira only, Employees are able withdraw up to 50% of their daily earned salary or as accrued at the time of access, at any time of the month and at no interest to them.
Addressing a news conference on the giant strides made by the organization, Earnipay founder and CEO, Nonso Onwuzulike said, we are ensuring salary earners have a better control of their finances by developing a network of tools and an ecosystem that enables them to reduce the time to access money, and make better decisions on how they spend, save and invest. With Earnipay, Payday is any day – he buttressed.
He furthermore expressed his firm’s dedication to ensuring financial wellness for all income earners in Nigeria while adding that the organization has provided up to 100m naira of flexible salary access to employees since launching in January and expects to provide their services to 200 thousand employees by the end of 2022, thus positively contributing to Nigeria’s socio-economic agenda.
“We are ready to go all the way with employers to improve the livelihood of their employees and ultimately facilitate a better employee-employer relationship”.
Employers need to build their reputation as businesses that care and the imperative to demonstrate this empathy is premised on the fact that the traditional payday structure has become largely ineffective in employee welfare and development. Earnipay empowers businesses to attract and retain top talent in an increasingly competitive employee marketplace, improve team’s productivity and eliminate the financial stress that holds back employees from performing optimally on their jobs without any disruption to payroll structure and systems.
Chief Operating Officer, Busayo-Onome Oyetunji noted that the company has over 40 employers that it is working with and glowing testimonials of how this revolutionary product has helped individuals in their time of dire need.
“Top management and HR leaders share the exciting testimonies of their employees upon using Earnipay, they are pleasantly surprised at the extent of value they get from using Earnipay, it has become an essential tool for everyday living ” she quoted.
She further stressed, in the growing age of employees wanting more from their employers by being an important part of their lives and Employers looking for ways to improve their reputation and contribute to the wholeness of their employees, Earnipay comes as a reliable and trusted solution. “What is wholeness without financial wellness”
Earnipay which started as an idea in July, 2021 with an initial team of 3, launched in January 2022 and has since raised $4 million in seed financing led by early-stage venture capital firm Canaan, with other participating investors that include XYZ Ventures, Village Global – A seed stage firm backed by Bill Gates, Jeff Bezos and Reid Hoffman, Musha Ventures, Voltron Capital, Ventures Platform and Paystack CEO Shola Akinlade.
Telecom
MTN Says New N6.98 USSD Charge Won’t Affect Airtime Recharge

Lynda Saint-Nwafor, chief Enterprise business officer, MTN Nigeria, has assured the network subscribers that the new end-user billing system for the use of USSD services will jot affect them.
USSD, otherwise Unstructured Supplementary Service Data codes are commonly used for banking transactions, airtime recharges, and other mobile services.
The telco said that there is no significant impact or change other than the fact that they will now pay the same N6.98 per session (120 seconds) with their airtime instead of direct bank debit.
Saint-Nwafor, said this during a chat with MTN MIP fellows, explaining that the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have ordered telecom operators to ensure that the new billing model resolves trust issues and ensures transparency in the billing process.
“Our regulator insisted that at the end of every month, we are going to be providing history and statistics on the performance of the service across the board”, she explained.
Saint-Nwafor added that the new billing model has standardized messaging across all operators and ensures consistent communication with customers.
“We will take all the error codes and map them into messages that are standardised across the board. So, if you initiate a transaction, you will know if it is failing. And, when the transaction fails, you will know if it is from your bank or the telco,” she explained.
Telecom
Crypto Scam Unmasked: U.S. Recovers Record $225m in Global Fraud Bust

The U.S. government has recovered $225 million in what is now the largest seizure of funds linked to a cryptocurrency investment scam.
In a statement released Wednesday, June 18, the U.S. Attorney’s Office said the recovery followed an extensive investigation by the FBI and the U.S. Secret Service, using blockchain analysis and other forensic tools. The statement did not confirm whether any arrests had been made.
According to the authorities, the stolen funds originated from fraudulent cryptocurrency investment schemes that tricked victims into believing they were making legitimate investments. More than 400 individuals around the world, including dozens in the United States, were reportedly affected.
The operation involved a sophisticated money laundering network that carried out hundreds of thousands of blockchain transactions to obscure the source and ownership of the stolen assets.
“These scams prey on trust, often resulting in extreme financial hardship for the victims,” said Shawn Bradstreet, Special Agent in Charge at the U.S. Secret Service office in San Francisco.
Bradstreet added that U.S. officials hope the recovered funds can eventually be returned to the rightful victims.
Cryptocurrency investment fraud accounted for over $5.8 billion in reported losses in 2024 alone, according to the statement.
Telecom
Nnaemeka Ani Calls on African Techies to Rewrite the Narrative

In a rousing declaration that is electrifying minds across the continent, Hon. Nnaemeka Ani, Special Adviser on ICT to Enugu State Governor, Dr. Peter Mbah, has called for a homegrown digital revolution under the banner “Africa Will Rise: By Code, By Courage, By Us.”

Hon. Nnaemeka Ani
The message, part challenge, part philosophical—seeks to galvanize African innovators to move beyond buzzwords and build technology with impact and legacy in mind.
“Let’s stop building for hype. Let’s start building for legacy,” Ani urged while speaking to ICT journalists over the weekend. “Let’s stop waiting for someone else. Let’s start creating the future—on our own terms.”
At the heart of Ani’s vision is a shift from tech consumerism to tech authorship. With innovation hubs sprouting across cities like Enugu, Lagos, Kigali, Jo’Burg, and Nairobi, and a growing community of developers, engineers, and entrepreneurs determined to solve Africa’s unique challenges, the movement is already taking shape.
Ani emphasized that Africa’s future lies not in flashy apps or international admiration but in persistent, intentional solutions that uplift communities—solutions that digitize public services, bridge rural-urban divides, empower women and youth, and build resilience in food and climate systems.
“We have the talent,” he said. “Now it’s time to harness it—to stop building for likes and start building for lasting impact.”
With support from leaders like Ani and rising momentum in Africa’s tech corridors, it seems that a new chapter is being written—one line of code at a time.
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