News
Leo Stan Ekeh: Thoughts on a digital militant @ 64

By Ray Umukoro
Today, February 22, he turns 64. Trust him, there shall be no buntings, no confetti to celebrate the eventful life of Leo Stan Ekeh, who proved that in spite of her limitations, Nigeria still has a semblance of a free market economy driven by competence and capacity.

Leo Stan Ekeh
He has over the years demonstrated that in the midst of our wonky system complete with cronyism, nepotism and ethno-religious sentiments, there is still a place for hard work; there is still a reward system that recognizes merit above mediocrity.
For about three decades, Ekeh built a business empire from the scratch, from a flat in Alausa, Ikeja, Lagos, which also served as his home.
He built a conglomerate from practically nothing except his raw audacity, integrity and his ability to take the risk even when nobody was willing to go with him.
It’s an uncommon whiff of self-belief that would make a fresh university graduate of top universities in India, Ireland and England to hop into the uncertain train of entrepreneurship when he could easily have walked into a regular white-collar job. And he did that in a sub-sector where many early birds had gone into extinction: Nigeria’s computer industry.
Ekeh typifies the Nigerian spirit of derring-do, gumption and chutzpah. In him, we see the life of an African child who broke all conventions, overawed stereotypes and literally rode the tail of a tiger to confound naysayers who claim Africans rarely triumph within the African soil.
After university education which coursed through India, Ireland and England, young Ekeh was intentional and deliberate about what he wanted to do.
He would not stay back in the UK to join the English hustle. He would return to his fatherland, Nigeria, not to knock the streets in search of job. No.
He would return to create job, create wealth and add value to the lives of others including people his age and even older persons.
He would return to introduce Nigerian youths to a brave new digital world of boundless opportunities. He would return to Nigeria to be his own boss, to create a future for the youths. And he did just that.
He’s the archetypal African child. Gifted in diverse ways, born into a family with a strong pedigree in entrepreneurship but he simply refused to walk in the shadows of his parents. He wanted to define his own path. Like Prometheus in Greek mythology, he was not only gifted with strong personal will, he’s endowed with boundless creative spirit; the rare ability to create solution, solve problems and predict the future by merely using the fundamentals of the present.
When he pioneered desktop publishing in Nigeria, he was only filling a digital gap that existed in the nation’s publishing sector.
In the late 80s and early 90s, publishing in Nigeria was much about the clattering typewriter and the big burly compugraphic machine. Print quality was poor and dingy. Worst of it all, the processes were slow and tacky.
It was a huge technology challenge but none of the existing technology companies could configure a solution for the media.
Ekeh, a freewheeling street-smart and book-wise man in his 30s did. He became the instant interface between Apple Macintosh and Nigerian media including book publishers and advertising agencies. The result of that liaison was the birthing of ready-friendly publications.
In the vast dynamic field of technology, the spirit of Prometheus is writ large among a handful of entrepreneurs.
What with the story of the late Steve Jobs, the man whose innovations gave to mankind another breath of fresh air in the sphere of artificial intelligence. He handed to humanity a different kind of machine.
Then, there was Bill Gates, the Knight of Microsoft; Larry Elisson of Oracle, Reed Hasting of Netflix and Jack Dorsey and his co-founders of Twitter, just to name a few.
These men did not re-invent the wheel. They all rode on the back of the early inventors of the computer and the internet to change for good the way the world transact its many businesses.
These rare Americans have succeeded in making a huge point: America is the home of ICT and the birthplace of ICT entrepreneurs.
So, it was more of bucking the trend when in later years, Asians, particularly Indians and now South Koreans, began to drive their feet into the global ICT matrix.
Going by ICT folklore, India is not an inventor but it is today the outsourcing capital of the world; developer of key software used all around the world.
Out of Africa, one man has over time demonstrated that digital entrepreneurship is not the exclusive preserve of the white man. Leo Stan has proven in clear, unambiguous terms that Nigerians and indeed Africans are also endowed with uncommon ICT entrepreneurial skills.
Born on February 22, 1958 in Ubomiri, Mbaitoli Local Government, Imo State, Ekeh, a devout Catholic, former mass servant and chorister has taken the digital world by storm, building one of the biggest ICT conglomerates out of Africa from a modest desktop publishing outpost or what is commonly called ‘Business Centre’ in local parlance. Today, he straddles a Group with interests extending from ICT to online retail, to property with offices in Africa, United Arab Emirates (Dubai), Europe and Asia.
A moment with Leo Stan leaves you with the clear impression that you are before a rebel, an iconoclast in every positive sense. He wants to change the world around him.
He stirs himself in thought and in deeds. The former Governor of Edo State, Comrade Adams Oshiomhole, must have noticed the restiveness in Ekeh that he christened him a ‘Digital Militant’.
He pursues matters of digitization of Nigeria, nay Africa with a militant spirit: aggressive and unrelenting.
He wants all graduates out of Nigerian schools to be computer-savvy. He desires to see governance run on e-platform. It’s just his nature to see things work efficiently. And he sees technology as the only enabler for efficiency.
In life, whether in business or governance, you have to be a rebel to make a change. Lee Kuan Yew, author of ‘From Third World to First’ and father of modern Singapore acknowledged himself as a rebel who roused the people to pull Singapore out of the hatred they bore against the Japanese for their occupation of Singapore (1942-1945) and from the pains of British colonial rule.
Steve Jobs was to the world what Yew was to the political economy of Singapore and Ekeh to the African ICT industry.
It is the story of positive rebellion. And for his unrelenting commitment to deepening and widening the horizon of ICT in Africa, Leo Stan has won many hearts, accolades, awards and honours.
He is the proud recipient of over 85 awards, by far the most decorated entrepreneur in the nation’s ICT ecosystem.
They include the National Productivity Order of Merit (NPOM) award by President Muhammadu Buhari, Icon of Hope Award by President Olusegun Obasanjo on October 1 , 2002 for his exemplary digital vision and as a role model for modern Nigeria; over six Doctor of Science Degrees(Honoris Causa) from Federal University of Technology, Owerri (FUTO), University of Jos, Federal University of Agriculture, Markudi (FUAM), Imo State University (IMSU), among other citadels of learning.
Ekeh is a prophet with honour even among his people. He is a worthy Officer of the Order of the Federal Republic (OFR) for his transcendental digital entrepreneurship; a Fellow of Nigeria Computer Society and a Distinguished Fellow of the Nigeria Law School. Indeed, his trophy cabinet is a rich mix of global and international awards.
As he marks his birthday today, one can only harvest a bouquet of flowers and place it on the feet of a true African child who has changed the sordid stereotype of Africans being a people unable to pull themselves out of the umbra of darkness.
He is indeed a role model and a beacon of hope for the African youth.
- Umukoro writes from Lagos
News
Reps Give Banks Four-Day Ultimatum on Tax Deductions, Charges

The House of Representatives Ad hoc Committee investigating deductions of taxes and sundry charges from the earnings of civil and public servants has given commercial banks a four-day deadline to submit all requested documents.

House of Rep
The committee, chaired by Hon. Kelechi Nwogwu, issued the ultimatum at the commencement of its investigation, following a motion earlier moved by the House Chief Whip, Hon. Usman Bello Kumo, on alleged deductions from civil servants’ salaries.
Nwogwu insisted that Chief Executive Officers of affected financial institutions must appear in person before the panel, rejecting representatives sent by GT Bank, Zenith Bank, Access Bank and other banks.
He explained that the panel was mandated to ensure that all deductions of charges by banks on customers’ accounts were fair and properly applied.
The committee disclosed that invitations had also been extended to the Ministry of Finance, the Office of the Accountant-General of the Federation, the Economic and Financial Crimes Commission, and all commercial banks operating in Nigeria.
“You cannot appear here without an identity. We are here on the mandate of the people who elected us into parliament. We have resolved to meet next week on Wednesday.
“You must submit all requested documents by Monday, May 1,” Nwogwu said.
He warned that any bank that failed to comply with the deadline would face sanctions, adding that the committee would put the CEOs on oath during the next sitting.
The investigation continues next week.
News
FG to Use Digital Economy Initiatives to Curb Corruption Among Youth

Lateef Fagbemi (SAN), the Attorney-General of the Federation and Minister of Justice, has said that Federal Government is intensifying its use of digital-economy initiatives to curb corruption among young Nigerians.

Speaking at the commemoration of the 2025 International Anti-Corruption Day held on Tuesday in Abuja, the AGF said the administration of President Bola Ahmed Tinubu has deliberately positioned technology, innovation training, and digital-skills development at the heart of its anti-corruption strategy for young people.
The event, organized by Technical Unit on Governance and Anti-Corruption Reforms (TUGAR) domiciled at the Nigeria Extractive Industries Transparency Initiative (NEITI) had the theme: “Uniting with Youth Against Corruption: Shaping Tomorrow’s Integrity”.
Fagbemi, who delivered the keynote address, said the government believes that empowered, skilled and economically engaged youths are less vulnerable to corrupt influences.
According to him, programmes such as the 3 Million Technical Talents Programme (3MTT) and the recently launched Nigerian Youth Academy (NiYA) are already equipping millions of young Nigerians with ICT and digital-innovation skills, reducing their dependence on patronage systems that fuel corrupt practices.
“A hopeful youth is harder to corrupt; an engaged youth is harder to mislead; and an empowered youth is a powerful force for national transformation,” Fagbemi said.
He explained that by investing in digital literacy, tech entrepreneurship and innovation-driven training, the Tinubu administration aims to create a generation of young Nigerians who are globally competitive and resistant to corruption.
Beyond digital skills, the AGF pointed at several government efforts to expand educational access through the Nigeria Education Loan Fund (NELFUND), and support youth entrepreneurship via the Nigeria Youth Investment Fund (NYIF) and the iDICE programme, providing funding, training and mentorship for young innovators in tech, entertainment, agriculture and design.
Fagbemi added that the inclusion of young people in governance, through appointments and expanded civic-engagement platforms, was another strategic tool to strengthen integrity and transparency in public life.
He urged stakeholders to deepen efforts to integrate anti-corruption values into school curricula, establish integrity clubs, mentor young leaders, and leverage ICT tools to promote transparency, whistleblowing and public accountability.
Earlier, the Head of TUGAR, Mrs Jane Onwumere said the gathering was especially meaningful because it reflected a shared truth: that tomorrow’s integrity rests significantly in the hands of the youth.
“The theme therefore, is not just a slogan but a call to action and a reminder that young people are not only beneficiaries of good governance, they are co-architects of it.
“Corruption has affected lives and the economy negatively in many ways. One of such is the “japa wave” which has seen young Nigerians leave the country in droves in search of greener pastures. This syndrome has drained the country of resources and human capital. It has in many situations split the family unit, a critical foundation for anti-corruption efforts”, Onwumere, added.
In his speech, the Executive Secretary, NEITI, Hon. Musa Sarkin Adar expressed the agency’s commitment to empowering young Nigerians not only as advocates for accountability but also as active partners in shaping the future of integrity in the extractive industries and beyond.
“At NEITI, we recognize that corruption undermines opportunities for growth, distorts resource governance, and deepens inequality. We also know that a united, informed, and courageous generation can dismantle these barriers.
“This is why NEITI will continue to expand civic education, strengthen our reporting mechanisms, support youth-led innovation, and create more platforms for constructive engagement with young professionals, students, and entrepreneurs”, he added.
News
SEC Seeks Freeze of CBEX Accounts Over N1.3tn Ponzi Scheme

Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal to order the freezing of bank accounts belonging to Crypto Bridge Exchange (CBEX) and 25 other defendants accused of defrauding Nigerians of about ₦1.3 trillion through an unlawful digital asset investment scheme.

CBEX
The request was made during the first sitting of the 6th Tribunal in case IST/OA/02/2025 between the SEC and CBEX with 25 others, presided over by tribunal chairman, Hon. Aminu Jinaidu.
The SEC urged the tribunal to compel commercial banks and financial institutions nationwide to freeze all accounts linked to the defendants.
It also sought orders for the seizure of houses and assets allegedly acquired with funds sourced from unsuspecting investors.
According to the commission, CBEX operated illegally by posing as a digital assets platform and capital market operator without registration.
“CBEX is an unregistered platform promising its users 100 percent return on investments within 30 days, which is unlawful and contrary to Section 3(b) of the Investments and Securities Act 2025,” the SEC told the tribunal.
The regulator disclosed that international authorities had previously raised concerns about CBEX.
The Securities and Futures Commission of Hong Kong issued an advisory on April 23, 2024, warning that the platform was a suspicious virtual asset entity.
The tribunal noted that CBEX and the other defendants failed to appear in court and were not represented by legal counsel.
Hon. Jinaidu therefore ordered that hearing notices be served on the defendants through national newspapers.
CBEX reportedly entered the Nigerian market in July 2024, operating via a website and mobile application, while claiming to use advanced Artificial Intelligence to generate unusually high profits from cryptocurrency trading.
Investors were promised returns of up to 100 percent within a 40 to 45 day lock-in period.
The scheme later collapsed, triggering widespread losses. Investigations revealed that CBEX functioned as a Ponzi scheme that siphoned more than ₦1.3 trillion, estimated at about $800 million, before disappearing.
The matter has been adjourned to January 27, 2026.
News3 days agoLagos Launches Tele-Vet, Nigeria’s First Veterinary Call Centre
Telecom2 days agoNigeria Dominates 2025 TikTok Sub-Saharan Africa Awards with Six Wins
E-Business2 days agoReport Reveals Half of 2025’s Compromised Passwords were Already Leaked
E-Financial2 days agoFG, SEC, NGX Group Agree on Capital Gains Tax Reform
Broadcasting2 days agoEFCC Arik Case: Witness Testifies on Receiver Manager Nominee’s Role in NG Eagle Shareholding
E-Financial2 days agoA Nation on Alert: Is FIRS’ Xpress Payments Move Consolidating a Revenue Cartel?
E-Business2 days agoUBA Wins Africa’s Bank of the Year for Third Time in Five Years
Telecom2 days agoAirtel Africa Foundation Celebrates International Volunteer Day, Honours Employee Volunteers



















