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IIM to Honour Omobola, Okere, Others @ Induction Ceremony
Institute of Information Management (IIM) is set to record another milestone in the promotion of the profession in Nigeria, particularly with the induction of experts in the related fields.
The Institute told Nigeria CommunicationsWeek, about the plans to honour different stakeholders in Nigeria and other parts of the world including past and present public office holders, captains of industries including leaders across the various sectors of the economy, during Induction / investiture ceremony.
The event is slated for November 15, at the Darlinton Hall – Plot CDE Industrial Crescent, Off Town Planning Way, Ilupeju Lagos, Nigeria.
The Institute of Information Management (IIM) is a professional membership driven Institute, developed to serve the growing community of data, information, records, document and archives management professionals who are tasked with managing the dynamic inform=ation life cycle within the enterprise.
Dignitaries expected at the event and to be honoured include Chief Dele Momodu, Mr. Abayomi Sutton, Otunba Aderemi Abdul, Chief Adeneye Dayo, Mr. Ken Ihedioha, Mr. Bimbo Roberts Folayan, Chief Amina Temitope Ajayi, Mr. Umar Sani as well as many other MDs and CEOs of major Institutions, Information Management and Technology firms among others.
In a chat with Dr. Oyedokun Ayodeji Oyewole, president /chairman, Governing Council of the Institute said “The Institute of Information Management has come to stay and we would not relent in our resolve to ensure that the Information Management Industry in Nigeria and Africa is fully developed and professionals are adequately recognized and compensated appropriately.
“We hope to achieve these by developing standards, specifications, procedures, processes and certification programs. The Institute will continue to identify and work with key stakeholders in the society because Information Management is everybody’s responsibility and a key factor in the development of any Nation”
Oyedokun reiterated that the need to develop the Information Management profession now cannot be over-emphasized, as successful nations and organizations in the future will depend on how well they enable information to be appropriately managed by professionals thereby ensuring confidentiality, integrity, completeness, and preservation of Information for better decision making and use.
According to the IIM boss, major activity at the event will include conferment of the Institute of Information Management Fellowship on members who have made substantial contribution to the development of the Information Management and Technology profession, its practices or the Institute of Information Management itself and Honorary Fellows on other professionals with backgrounds outside of Information Management but are identified as having made significant contributions that impact on the profession or the Institute of Information Management.
Other categories to be inducted include Associate, Professional, Senior Professional and Corporate members.
The ceremony will also feature the presentation of the Records and Information Management Awareness (RIMA) Awards to Individuals and corporate organizations for their exemplary leadership, achievements, and contribution to the development of the Information Management industry in Nigeria and Africa over the years. Among those to be awarded includes Mr. Austin Okere, CEO-Computer Warehouse Group, Hon. Akere Akinrogun Sunday, Commissioner for Information & Strategy Osun State,
The Institute of Information Management is approved by the Federal Ministry of Education (FME), Nigeria with the consent of the Attorney General of the Federation serving the emerging field of Records, Information, Archives, Data, Security, and Document Management Professionals.
It recent entered into strategic partnership and affiliation with different international organizations like the Information and Records Management Society (IRMS), UK, Professional Evaluation and Certification Board (PECB), Canada, Online Business School UK, The International Association of Privacy Professionals, Information Governance Conference, USA etc.
The Institute of Information Management is strategically positioned to help professionals in both public and private organizations in Nigeria and Africa develop the required frameworks, tools and culture needed to build capability.
By improving professionalism in this essential field, as required in the following functions such as finance, administration, engineering, construction, project management, procurement, IT and communications.
Sound policy, clear standards, competence, certification, research and effective processes are all aspects of first-class information management programs that the Institute of Information Management unique faculties has got to deliver through our various learning and professional development programs, aimed at empowering information management professionals globally.
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.
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.
PalmPay Group (“PalmPay”), a multinational fintech company providing digital financial services across high-growth emerging markets, is pleased to appoint Samuel Oluyemi as Chief Operating Officer (“COO”) of its Nigeria practice, effective immediately.
The appointment comes at a pivotal moment for PalmPay as it looks to reach more underserved communities and continuously strengthen the reliability and security of its services. It also comes as Nigeria’s broader financial services sector continues to modernize, bring millions more Nigerians into the formal financial system, and strengthen the cybersecurity and fraud-prevention standards that underpin public confidence in digital payments.
As COO of PalmPay Nigeria, Mr. Oluyemi will oversee PalmPay’s Nigerian operations — where the company provides a full suite of digital financial services to individuals and businesses — and communicate with regulators to ensure the company’s growth happens harmoniously with the country’s financial, digital, and social inclusion goals.
Mr. Oluyemi brings more than two decades of experience at the Nigeria Inter-Bank Settlement System (“NIBSS”). During his tenure as the Business Development Lead, he championed the development of key national payment services — including the Digital Validation of Nigerian International Passport (e-Passport Validation), Electronic Dividend Mandate Management System (“e-DMMS”), and the Electronic Pensions Contribution Collection System (“EPCCOS”) — and played a pivotal role in introducing and driving early adoption of NIBSS Instant Payment (“NIP”), Nigeria’s first online, real-time, inter-bank transfer system in 2011 and its subsequent extension to the Other Financial Institutions (“OFI”) segment of the Nigeria Payments System.
He holds an MSc in Monetary Economics from the University of Ibadan with extensive local and international professional training.
“Samuel joins PalmPay at an important stage in our journey to strengthen the foundations that will support our long-term goal of driving financial inclusion,” said Chika Nwosu, Managing Director of PalmPay Nigeria. “His extensive experience makes him well positioned to help us scale sustainably while maintaining the operational discipline, governance and customer-first culture that define PalmPay.”
“PalmPay has established itself as one of the most impactful fintech companies in emerging markets by making financial services more accessible and affordable for millions of people,” said Mr. Oluyemi.
“I am excited to join the company and look forward to working alongside an exceptional team to strengthen operational excellence and support PalmPay’s vision of building a leading digital financial services platform. Together, we will continue delivering secure, reliable, and customer-focused financial solutions while contributing to the continued evolution of Nigeria’s digital financial ecosystem.”
As Nigeria’s digital financial services sector continues to mature, this appointment reflects a broader commitment guiding PalmPay across all markets it serves: building financial services that are secure, reliable, and effective enough to earn a permanent place in people’s everyday lives.
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