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Experts Weigh Blockchain Option for Nigeria’s Elections Process

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As Nigeria continues to grapple with the challenges of electoral transparency and voter trust, stakeholders in the blockchain industry are proposing a technological pivot.

In an X (formerly Twitter) Space hosted by the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) yesterday, themed ‘From Ballot to Blocks: Can Blockchain Fix Nigeria’s Elections?’, the experts argued that while blockchain is not a magic wand, it offers a robust framework to eliminate result manipulation and addresses voter apathy.

The discussion, featuring key industry figures including Oluwaseun Dania, CEO of Alpha-Geek Technologies, Harry Ugorji, CEO of Egoras Technology, Mela Claude Ake, President of SiBAN, Mr. Taiwo Gbadegesin, Head of Voter Education for INEC Lagos and others, highlighted a shift from traditional voting toward a more immutable and verifiable system.

Opening the floor, Oluwaseun Dania noted that while Nigeria’s electoral processes have improved, a crisis of confidence remains the primary hurdle, even as he identified voter apathy as a direct symptom of people feeling their votes are not counted during the transmission and collation stages.

“The real opportunity is actually much simpler. Blockchain is not there to change how Nigerians vote, but to technically protect the integrity of the votes that are cast. People will be more confident knowing that as they are casting their votes, the results are being recorded on the blockchain, visible to everybody all over the world,” Dania explained.

According to him, by providing a time-stamped and properly verified system without the possibility of manipulation, the blockchain technology could incentivize millions of disillusioned citizens to return to the polls.

Despite the enthusiasm, the experts maintained a level of cautious optimism, citing Nigeria’s unique challenges, such as low internet penetration and limited digital literacy.

Dania proposed a hybrid model instead of making an immediate jump to full e-voting, starting with foundational elements, such as moving National Identification Numbers (NIN) and voter registers onto a secure blockchain.

He also recommended using blockchain specifically for result transmission to record and audit votes, ensuring no data is altered between polling units and collation centers. Additionally, he advised building simplified, easy-to-use front-end tools so the average voter does not need to understand the underlying complexity of smart contracts.

Contributing to the technical feasibility, Harry Ugorji proposed leveraging existing party systems as a testing ground before a national rollout. He addressed the gas fee problem, suggesting an infrastructure where polling agents sign results with private keys without bearing the cost.

“They have to scan the EC8A form. Once they scan and upload, there should be an AI-based layer that extracts that information and transmits it to the smart contracts. This data can be saved using IPFS (InterPlanetary File System) so that at every point in time, everybody can verify that data,” Ugorji stated.

Ugorji envisioned a data-streaming electoral process where votes are calculated in real-time, removing the black box period where manipulation often occurs.

Also speaking, Mr. Taiwo Gbadegesin, Head of Voter Education for INEC Lagos, emphasized that election management is a continuous cycle involving critical behind-the-scenes work, such as monitoring party primaries and evaluating new political associations.

However, he highlighted the Continuous Voter Registration (CVR) process as the most vital touchpoint for the general public. This phase typically ramps up 18 to 24 months before a general election, specifically targeting citizens who have recently reached the voting age of 18 or those who need to update their registration status.

A significant focus of Gbadegesin’s address was the technological improvement of the registration process through online pre-registration. “This system allows Nigerians, including those currently abroad, to initiate their registration, request card transfers to closer polling units, or update personal details like marital name changes from their mobile devices,” Taiwo, who was represented by Mr. Ayopo Lawal, Head of Unit, Voter Education, explained.

According to him, by shifting the data entry to the user, INEC aims to eliminate clerical errors caused by staff fatigue or large crowds, ensuring that voters’ personal information is captured with 100% accuracy.

Furthermore, Gbadegesin stressed that these digital advancements are designed to maximize efficiency at physical registration centers. “For those who utilize the pre-registration portal, the final in-person visit is strictly limited to capturing biometric data, such as fingerprints and facial features.

This streamlined approach reduces the time spent at the center to under five minutes, significantly easing the burden on both the public and INEC officials while ensuring the electoral roll remains robust and up-to-date,” he added.

As SIBAN expressed a strong willingness to collaborate with INEC and serve in some advisory capacity if necessary, the discussion highlighted that this event is part of an ongoing series designed to keep the momentum of the conversation alive.

The overarching consensus among speakers was that Nigeria should adopt a test-run approach, implementing these digital tools at smaller scales, such as university student union elections or secondary school representative polls. By starting with these micro-elections, the country can build essential public trust and technical familiarity before scaling to a national level.

As the conversation concluded, the experts agreed that while the technology is ready, success depends on regulatory approval and a willingness from stakeholders to embrace a system where data, once recorded, is permanent and beyond the reach of any single authority.


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EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

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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.

EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

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.


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Summit Factory Opens in Ogun, Targets Hygiene Market Expansion

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L-r: Sadiq Ali, General Manager, Summit Household Solutions Limited; Oba Abdulakeem Odunaro, Onikotun of Otun, Ota; Hon. Wasiu Adewale Lawal (FCA), Executive Chairman of Ado-Odo/Ota LGA; Mr Kehinde Akintomide, Permanent Secretary, Ministry of Commerce, Trade and Investment, Ogun State; and Mojeed Maaradesa, Manufacturing Manager, during the commissioning of the ultra-modern factory by Summit Household Solutions Limited in Ota on Thursday.
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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.

 


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US Freezes $344m in Crypto Linked to Iran in Major Crackdown

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The administration of Donald Trump has frozen $344 million in cryptocurrency allegedly linked to Iran, marking a sharp escalation in financial pressure on Tehran.

US Freezes $344m in Crypto Linked to Iran in Major Crackdown

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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