Telecom
Ndukwe, Ekuwem Reminisce On ICT Milestones, Praise Ukodie for His Book

Engineer. Ernest Ndukwe and Dr. Emmanuel Ekuwem, two key players in the remarkable days of the ICT industry, when a motley of events, activities, workshops, exhibitions, and conferences stirred the birth of the ICT industry, and set it on the current growth trajectory, went memory lane yesterday, at the launch of a book written by Aaron Ukodie.

The book is titled: Nigeria Drivers of Digital Prosperity: The Trajectories of The Digital Evolution, Sector Analysis and Players Contributions.
Ndukwe, was former Executive Vice Chairman of the Nigerian Communications Commission (NCC), while Ekuwem, who founded a telecom firm, Teledom International, was at various times president of the Association of Telecommunication Companies of Nigeria (ATCON) and Nigerian Internet Group (NIG).
Ndukwe is currently chairman of MTN Nigeria. Ekuwem is Secretary to the Akwa Ibom State Government.
Both also poured praises on Ukodie, for his exemplary courage and tenacity in writing books, mostly on the ICT industry, a feat Ekuwem particularly referred to as a mark of a true intellectual.
Ndukwe took note of the quality of the book, especially the quality of the print saying “many books come out badly, but this one came out well”.
He said he has been planning to write a book on his days at NCC, as many have been asking him to do, but Aaron has further gingered him to write it.
“I am still preparing to write a book about my tenure at the NCC. This book (Aaron’s book) has gotten me out of my slumber; many people are on my neck to put my experiences on paper. There are many perspectives. When I write my own I will talk in detail about the many battles we fought at the NCC”.
He said, Aaron “provided the bridge that connected all those years together and the last section –of the book— talked about the role of the media.
“I must commend them for their work over the years. Aaron talked of many battles, indeed there were.
“He talked about the one where we were at the hotel where the auction was to take place. There was indeed a call and an attempt to stop the auction.
“When I got that call from… Aaron has bitted me to it… it was going to be one of the highlights of my books…
“when I got the call I had some stubborn streak in me to continue. I had determined that we were not going to stop the auction. I called the chairman ( late Alhaji Ahmed Joda).
“He was more settled than me. He asked if I had the phone number of the Vice President, Alhaji Atiku Abubakar.
“My brother worked at the presidency as his physician, so he gave us the VP’s number. When we called him, I was very impressed with his reaction. He asked if somebody asked that you stop the auction, for what.
“He said he was the last person that saw the President (Chief Olusegun Obasanjo) and they never discussed anything like that.
“I think that was courageous. I think that was a mark of a decision-maker. Some other people would have said wait let me confirm”.
Ndukwe said the reason they wanted to stop the process was that some people wanted two companies to be disqualified. If we did that then only three that would be left would automatically get the three licenses that were on offer.
He said because of the courage the Atiku demonstrated the process continued. He said some other persons would have said wait let me confirm that from the president.
Ndukwe said there were other times some ministers wanted to scuttle the process and the matter went to the president, but he stood his ground.
“I was not desperate for the position of EVC. I was the MD of a company and I was already living in a big house in Ikoyi. What I really wanted to be at the time was MD of NITEL, and not EVC of NCC, a regulatory body, because NITEL had huge prospects but it was being badly managed.
When Iromantu ( Ogbonnaya) was EVC I wrote several papers on deregulation and liberalization, so it was possible they wanted me to go and do what I have been talking about.
One thing we insisted on was the independence of the regulator. The independence of the regulator is very important. It does not have to do with the party you belong or the person you are related to.
In his comment, Ekuwem said he was motivated to attend the book launch because “it was important to celebrate the past, because if we lose sight of what led us to where we are today; the men and women that drove the prosperity the way he Aaron used that word, then we have lost something important.
Ekuwem praised the role of the media saying the media drove the narrative towards where we are today and Ndukwe was supporting them.
He went memory lane to mention some of those key media men: Sonny Aragba Akpore, Tayo Adewusi, Remmy Nweke, Ufuoma Dairo, Shina Badaru, Bayero Agabi, Don Pedro-Aganbi, Sylvester Ebhodaghe, Biyi …, Mkpe Abang, who worked assiduously, and Ndukwe was supporting them to attend conferences and workshops.
He said the media helped the NCC to drive thirst and amplify passion, to get the market ready for where we are today. He also remembered such key industry players as Engineer Ogbonaya Iromantu, Engr. Emmanuel Nnama, Dr. Eugene Juwah, Shola Taylor, Johnson Asinugo, and Professor Gabriel Ajayi.
“We use to hold workshops for federal permanent secretaries on the use of the computers, myself and Professor Ajayi, helping them on how to use and move the cursor and mouse. It was that bad then. It was a status symbol to have a computer that was not being used. Computers were covered with dust.
He urged Ndukwe to write his own book because it would inspire the young ones.
Commenting on the Ukodie book, Ekuwem said; “Very few people do not shy away to put their thoughts on paper because you would be challenged. It is a mark of an intellectual, for having the audacity to put your thoughts on paper”.
He reminded the NCC not to rest on its oars because “we are not there yet”. According to him the public services is still deplore ICT tools and applications for productivity and governance.
“We have security challenges today. How can you have security challenge and you have 4G, 5G and you cannot capture them”.
He spoke of the Telecom Summit which the NCC used to organize during the years of Ndukwe, which provided stakeholders to interrogate the NCC and galvanize ideas.
“Don’t be afraid of exchanging ideas, you will not lose anything”, he urged the NCC. He said we do not yet have the applications and tools to boost productivity, and wealth creation, create jobs, take youths out of the job market and secure our country.
Telecom
Amazon Axes 16,000 Jobs Worldwide in Major Restructuring Push

Amazon, the world’s largest e-commerce and cloud computing powerhouse, announced plans Wednesday to eliminate 16,000 jobs globally, escalating a restructuring drive first flagged in October with 14,000 earlier cuts.

Amazon
The layoffs, hitting corporate ranks across multiple divisions, aim to slash management layers, boost accountability, and dismantle bureaucracy, Senior Vice President Beth Galetti stated in an internal memo. Despite booming holiday sales and $21 billion quarterly profits on $180 billion revenue, Amazon seeks to redirect resources toward massive artificial intelligence investments amid slower post-pandemic growth and rising costs.
Galetti explained that while some teams finalised October adjustments, others required extended reviews, pushing total reductions toward 30,000—the firm’s largest ever. CEO Andy Jassy, pursuing leaner operations since 2021, has long signalled AI’s role in shrinking white-collar headcount, with corporate staff—about 350,000 of 1.5 million total—bearing the brunt, sparing warehouses.
The move mirrors Big Tech’s broader belt-tightening as firms recalibrate pandemic-era hiring binges against economic headwinds, AI disruption, and policy uncertainties under President Donald Trump. Amazon’s October cuts struck 2,000 in Washington state—including engineers, recruiters, analysts—and 1,500 in California, with fresh impacts undisclosed by location.
Jassy emphasised culture over pure finances in prior notes, blaming rapid expansion for excess layers after workforce doubling during COVID lockdowns fueled online shopping surges. Recent U.S. hiring slowdowns—to 50,000 jobs in December—underscore corporate caution amid AI’s job-shifting potential and tariff worries.
Analysts note the cuts free capital for AI dominance, pitting Amazon against rivals in generative tools despite no immediate financial distress. Ex-workers have decried impersonal processes, often learning via media leaks, highlighting tensions in Earth’s “best employer” shedding talent en masse.
As tech pivots to AI frontiers, Amazon’s aggressive pruning signals a new era: fewer bodies, sharper focus, betting machine smarts eclipse human scale in the post-boom landscape.
Telecom
Police Bust ₦7.7bn Telecom Hack Gang, Seize 400 Laptops in Massive Fraud Swoop

Operatives of the Nigeria Police Force smashed a sophisticated cybercrime ring Wednesday, arresting six suspects accused of hacking a major telecommunications company and looting airtime and mobile data worth a staggering N7.7 billion.

The Force Public Relations Officer, CSP Benjamin Hundeyin, disclosed in a statement that the suspects breached the telecom giant’s core billing and payment systems by compromising internal staff login credentials, enabling them to siphon off vast quantities of airtime and data for illicit resale.
Named in the arrests are Ahmad Bala, Karibu Mohammed Shehu, Umar Habib, Obinna Ananaba, Ibrahim Shehu, and Masa’ud Sa’ad – a mix of northern and southern names hinting at a cross-regional fraud network that preyed on Nigeria’s digital backbone.
Police swooped on the gang’s hideouts in coordinated raids across Kano and Katsina states in October 2025, with a final takedown in the Federal Capital Territory, recovering two mini-plazas masquerading as legitimate retail outlets stocked with over 400 laptops, about 1,000 mobile phones, and a Toyota vehicle.
Investigators also froze substantial sums in the suspects’ bank accounts, tracing the dirty money trail back to the diverted resources that left the unnamed telecom firm reeling from unauthorised activities reported in a desperate petition.
The breach, described by police as a “calculated assault on critical infrastructure,” allowed the hackers to manipulate the company’s systems undetected for months, offloading billions in airtime and data bundles through underground channels and raking in illicit profits.
Hundeyin vowed that the net was widening, with forensic experts combing through digital footprints and financial ledgers to expose any remaining accomplices or beneficiaries in what he called “one of the largest telecom heists in recent Nigerian history.”
Inspector-General of Police, IGP Kayode Adeolu Egbetokun, praised the crack team from the National Cybercrime Centre for their “relentless professionalism,” urging telecom firms to bolster cybersecurity amid a surge in digital predation.
As the suspects cool their heels awaiting arraignment under the Cybercrimes (Prohibition, Prevention) Act, the case underscores Nigeria’s growing battle against tech-savvy fraudsters targeting the N1.7 trillion telecom sector that powers millions of daily transactions.
Industry watchers warn that such breaches erode investor confidence and hike operational costs, ultimately passed onto consumers already grappling with soaring data tariffs in Africa’s most populous nation
Telecom
ASVLP 2026: Africa, MENA VCs Gear Up as Tech Funding Hits $4.1bn Rebound

As Africa and MENA’s startup ecosystems transition from post-correction resilience into a new phase of disciplined growth, the Africa Startup & VC Landscape Preview (ASVLP 2026) will convene leading founders, investors, policymakers, and ecosystem builders on January 29, 2026, for its second annual, agenda-setting virtual forum.

Following a challenging global venture cycle, 2025 marked a notable rebound across the African ecosystem, with startups raising an estimated $3.2–$3.3 billion over the full year.
The recovery was accompanied by significant structural shifts: Kenya emerged as the leading destination among Africa’s “Big Four” markets for the first time, while Nigeria recorded a year-on-year funding decline, reflecting changing investor preferences, macroeconomic pressures, and a broader recalibration toward capital efficiency and sustainability.
Sectorally, fintech remained the most funded vertical, while climate & energy, AI-enabled solutions, healthtech, and infrastructure-adjacent businesses gained increasing attention. Across Africa and MENA, development finance institutions (DFIs) and family offices played a more pronounced role in anchoring funds, deploying catalytic capital, and supporting blended-finance structures, reshaping how early-stage and growth capital is mobilized.
ASVLP 2026 is designed to translate these data points into forward-looking strategy.
The forum will bring together venture capitalists, angel investors, LPs, DFIs, family offices, founders, corporate leaders, and regulators from Africa, MENA, Europe, and North America to assess 2025 outcomes and chart priorities for 2026.
The program will feature keynotes, fireside chats, panels, and deep-dive roundtables, including discussions on:
· The 2026 Africa & MENA FinTech Landscape, focusing on security, profitability, regulation, and growth frontiers
· Emerging Fund Managers, capital formation, and LP alignment
· Talent, operator depth, and institutional capacity as constraints to scale
· Regulatory evolution and cross-border market integration
A major highlight of ASVLP 2026 will be the Final DealRoom Pitch Session, where a curated group of high-potential startups will present to an experienced panel of investors.
• Founders can apply to pitch via: bit.ly/ASVLP-DR-Founders
• Investors seeking DealRoom access can request entry via: bit.ly/ASVLP-DR-Investors
Confirmed speakers for ASVLP 2026 include Khaled Ismail (HIMangel), Idris Ayodeji Bello (LoftyInc Capital), Zachariah George (Launch Africa), Tosin Faniro-Dada (Breega), Selma Ribica (FirstCircle Capital), Maha Mandour (COREangels MEA), Joe Kinvi (Borderless), Remi Prunier (Orange Ventures MEA), Karima El Hakim (Plug and Play Tech Center), Souheil Guessoum (President, The Confederation of Citizen Employers – Algeria (CAPC)), Remi Prunier (Partner, Orange Ventures, MEA), Maha Mandour (COREAngels MEA), Ali Hussein (President, Kenyan FinTech Association), Patrick Okebu (CIO, Interswitch Group) among other leading voices shaping capital, policy, and innovation across the region.
“The conversation has shifted,” said Uche Aniche, Convener of ASVLP. “It’s no longer about whether capital will return to Africa and MENA, but what kind of capital, deployed with what discipline, and in service of which long-term outcomes. ASVLP exists to help the ecosystem make sense of that transition.”
Participation in ASVLP 2026 is free but strictly by invitation.
Interested participants are encouraged to repost the official announcement on LinkedIn and comment #ASVLP2026 to receive a private registration link. They could also email [email protected] and request invite.
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