Connect with us

News

NCC, NITDA, Others Endorse LCCI’s ICTEL Expo 2016

Published

on

*Dr. (Mrs) Nike Akande, President of LCCI (r) flanked by other dignitaries at the unveiling of ICTEL 2016 theme
Kindly share this post

The ICTEL Expo 2016, a professional trade show that draws attentions to ICT and Telecommunication industry, been organized by the Lagos Chambers of Commerce and Industry (LCCI), was on Thursday endorsed by several industry stakeholders including the Federal Ministry of Science and Technology.

ICTEL 2016 mulled by the premier chamber of commerce in West Africa, will take place in the city of Lagos, the commercial nerve center of West Africa.

The three days event slated for 26th to 28th of July, 2016 with the theme, “Mobility, Technology and the Nigerian Economy”, will be driven by four key sub-themes: ICT for economic growth and poverty reduction; Exploring smart cities opportunities and the internet of everything thing; ICT and organizational efficiency and Using data science to gain unassailable market advantage.

Professor Umar Danbatta, executive vice chairman of the Nigerian Communications Commission (NCC), said the Commission was happy to identify with LCCI on the expo, adding that since 2001, the country’s telecommunication’s industry has witnessed tremendous growth.

The EVC who was represented by Mr Joseph Atoyebi, the Commission’s deputy director, Consumer Affairs Bureau, NCC, said that with 216million connected telephone lines as at March 2016, Nigeria stands to gain a lot on leveraging opportunities in the sector to boost the economic fortunes.

According to him, the telecoms industry has become a success enabler to other industries with the upsurge in telephone density cutting across the technology platforms including the GSM; Code Division Multiple Access (CDMA) and fixed wired/wireless.

He extolled LCCI for its technology focus with ICTEL as benchmark to create awareness on opportunities to grow every sector.

On his part, Dr. Vincent Olatunji, director general of NITDA represented by Mr. Bernard Ewah, head, e-Government Unit in the Agency, said that theme for the expo was apt as the platform will encourage conversations and the sharing of opinions on innovations and trends as well as providing an excellent networking opportunity for business decision makers, innovation managers, start-ups, ICT academics, OEMs, venture capitalists, and other players in the Nigeria ICT sectors.

He said that the Agency will not relent on leveraging existing relationship with LCCI to achieve the mandate which includes focusing the responsibilities of the Agency on fostering the development and growth of IT in Nigeria.

The NITDA boss applauded ICTEL 2016 which offers three days of inspiration, innovation and information.

Also, Chris Uwaje, newly appointed Co-Chair for Publicity & Communications for Africa on 2016 IEEE 3rd World Forum on Internet of Things (WF-IoT), expressed delight to associate with the Chamber on the ICT expo, stressing he has been on the vanguard for LCCI to embrace IT/ICT to better the worth of members.

He said, “The Change people are talking about come in different colourations. We in the ICT sector have a responsibility to putting the nation on the path of knowledge-based economy. This can be easily achieved when partners like LCCI embraces the process, products and services that IT/ICTs offer”.

He however, called for improved government attention on e-governance as the nucleus to drive other automations and IT agenda.

“I am happy that we are now having common grounds to chat. For instance, in the era of Internet of Things (IoTs), how do we manage the e-commerce, e-health, e-learning, without anchoring the processes on e-governance. Without e-governance, which is different from computerisation, we may not achieve much”, noted by the former President of Institute of Software Practitioner of Nigeria (ISPON) Information Technology Association of Nigeria (ITAN).

In her remarks, Dr. (Mrs) Nike Akande, President of LCCI, said that ICTEL Expo 2016 will continue to connect businesses and create businesses and create opportunities for Nigerians in the ICT sector.

She said that with the Expo’s theme, “The Chamber seeks to draw attention to available opportunities in mobile technology and this trend is changing the nature and processes of doing business across the globe. Mobile technology is making businesses more instant, relevant and smart.

“The ICTEL Expo 2016, therefore, offers a platform for corporate organisations seeking to build partnerships for enhanced profitability. It is a veritable opportunity for government and private sector operators to meet and article policies that would boost the productivity of ICT sector in Nigeria and create more jobs”, she said.

Akande further called on government to provide the needed enabling environment for the ICT and telecommunication sector to thrive through enactment of relevant legislations.

“This sector has the potential of becoming a major contributor to the nation’s GDP. We reported during the presentation of our findings in our collective industry survey, which was presented to the public last month, that the ICT sector is one of the major priority sectors is one of the major priority sectors that Nigeria should target for diversification efforts,” she said adding that ICTEL expo is the Chamber’s intervention in starting relevant conversations and providing a platform for the development of ICT and telecommunications sector.

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

News

EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

Published

on

Kindly share this post

Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Tuesday, March 3, 2026, arraigned two bank officials, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over an alleged $306,667.81 and €50,250 fraud before Justice Ismaila Ijelu of the Lagos State High Court sitting in Ikeja.
EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

EFCC

The defendants, who are both top officials of FSDH Merchant Bank Limited, were arraigned on a 10-count charge bordering on alleged stealing and retention of stolen property to the tune of $306,667.81 and €50,250.
The petitioner, FSDH Merchant Bank Limited, alleged that an internal audit uncovered unauthorized debits totaling $306,667.81 and €50,250, equivalent to N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), from its Letters of Credit (LC) payable accounts.
Investigations revealed that the defendants processed fraudulent transfers through the SWIFT platform to third parties.
One of the counts reads:
“That you, BAKARE OLADIMEJI SURAJUDEEN and JAMES OLUKAYODE IMOKWEDE, sometime in 2021 in Lagos within the jurisdiction of this Honourable Court, dishonestly took the sum of N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), property of FSDH Merchant Bank Limited.”
Another count reads:
“That you BAKARE OLADIMEJI SURAJUDEEN AND JAMES Olukayode Imokwede sometime in 2021 in Lagos within the jurisdiction of this Honourable Court dishonestly took sum of $306,667. 81 (Three Hundred and Six Thousand, Six Hundred and Sixty Seven dollars, Eighty one cents) property of FSDH Merchant Bank Limited”.
The defendants pleaded “not guilty” to all the charges preferred against them.
Following their pleas, prosecution counsel, H. U. Kofarnaisa, asked the court for a trial date and also prayed that the defendants be remanded in a Correctional facility pending trial.
Counsel to the first and second defendants, Oluwaseun Akintunde and Olajide S. Onasanya, informed the court that bail applications had been filed on behalf of the defendants and also urged the court to grant them bail on liberal terms.
They also prayed that the defendants be remanded in the EFCC custody pending the perfection of their bail conditions.
The prosecution counsel, however, opposed the prayers of the defence seeking the remand of the defendants in the EFCC custody, saying that “the EFCC detention facilities are overstretched.”
After listening to both parties, Justice Ijelu granted the defendants bail in the sum of N2 million each, with two sureties in like sum.
The court ordered that one of the sureties must be a relative, who is gainfully employed.
The sureties must provide evidence of tax payment in the last three years and must show proof of livelihood, with their residences verified.
The defendants were ordered to deposit their international passports with the court, and must not travel outside the country without the leave of the court.
The judge subsequently remanded the defendants in a Correctional facility pending the perfection of their bail conditions.
Justice Ijelu adjourned the matter till March 25, 2026, for the commencement of trial.

Kindly share this post
Continue Reading

News

AfDB Supports Francophone Africa Start-ups with €6.5M

Published

on

Kindly share this post

The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.

This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.

Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.

The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.

The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.

In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.


Kindly share this post
Continue Reading

News

Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Published

on

Kindly share this post

Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.

Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.

The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.

SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.

The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.

Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.

Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.


Kindly share this post
Continue Reading

Trending