News
New Generation Consortium Needs $4.5Bn to Rejig Nitel

New Generation Telecommunications Consortium, the preferred bidder for the purchase of a controlling stake in Nitel/Mtel may have won the first phase of the battle for what is left of the beleaguered national carrier, but the enormous financial weight needed to rejig the carrier may prove fiercer, Nigeria CommunicationsWeek can now reveal.
In the short to medium terms, New Generations Telecom requires at least $4.5 billion to bring the first national operator to the level of competitions in the market and in the present very tough global financial market, the amount is staggering.
Apart from the $2.5 billion bid price for Nitel, the investors must source at least additional $2 billion to fast track the market re-entry of the national carrier and bring the carrier to the level of competitions like MTN, Glo, and Zain.
Nigeria CommunicationsWeek gathered that the fear is that after spending about $4.5 billion, the investors may not expect any return on investment at least in the next 10 years because the market is nearing saturation.
An official of the consortium who spoke on the condition of anonymity asked “don’t you think we have studied the market and worked out the business module that suits the national carrier before we put our best foot forward?”
The official said the consortium is bent on breaking the jinx and myth that surround successive failed attempts to sell government stake in the now comatose Nitel.
According to him, most of the funds will be sourced offshore. “We are not looking for local financing, Minerva Group; you will recall is our main financial backer. Money is not more important as financial and technical know-how,” the official added.
Expressing readiness of the group to pay, the official, said “if the National Council on Privatization (NCP) approves, today, we will hand BPE our draft in tomorrow.”
Chigbo Anichebe, spokesman for the Bureau of Public Enterprises (BPE) confirmed that NCP, the final okaying authority is yet to sit to approve the transaction.
He told Nigeria CommunicationsWeek that when the NCP approves the sale, the preferred bidder will be given 10 days to pay 30 per cent of the $2.5 billion (amounting to some $750 million) while the remaining 70 per cent must be paid within 60 days.
Meanwhile, the preferred bidder is rumoured to have string of suitors with deep wallets as well as technical and managerial expertise eager to turn around the fortunes of the national carrier.
They are eyeing Nitel’s tremendous goodwill, frequency, Sat-3 and landed properties.
An inside source said “that way, we hope to use the avalanche of cash that will available to restart the network. The truth is that the $2.5 billion by New Generation Consortium is unnerving.”
According to the BPE, New Generation Consortium’s $2.5 billion was followed by Omen International’s $956 million. Others are Brymedia Consortium $551 million and AFZ/Spectrum consortium $375.5 million and MTN which bidded for only SAT-3 and offered $25 million.
According to the source, negotiations among the parties have been characterized by hard bargaining and shrewd exchanges.
It would be recalled that New Generation Consortium etched its name in the record books after it emerged the preferred bidder for Nitel. It was a landmark privatization deal in any developing country outside the oil and gas sector.
Nigeria CommunicationsWeek gathered that the New Generation Telecom Consortium involved is made up of GiCell, local telco, China Unicom (Europe) and Minerva. Others are Sumatra Star GT Limited, Unified Access Licencee, and BGL Private Equity Limited, a subsidiary of BGL Plc.
GiCell Wireless on the other hand is jointly owned by GIC Nigeria Limited and Usman Ahmed Gumi, proprietor of G-Cell Nigeria Limited which is a rural telephony operator.
While GIC Nigeria Limited owned two-thirds equity, Gumi owned the balance one third of GiCell.
GIC Nigeria Limited with share capitalization of N500, 000 and located on Cemetery Road, Onitsha, Anambra State is owned by Ifeanyi Chima (N400, 000 shares) and Ikeme Chima (N25, 000). They are both directors of the company with Corporate Affairs Commission (CAC) Company Registration number RC 207962.
News
Francis Okafor Stuns China, Emerges Second-Place Winner @ Tencent OpenClaw Hackathon

In a striking moment of global recognition for African talent in artificial intelligence, Shenzhen-based Nigerian technologist, Francis Okafor has emerged as the second-place winner at the 2026 Tencent OpenClaw Hackathon, a fiercely contested competition hosted by Chinese tech giant Tencent.

The achievement places the Nigerian engineer among the top innovators in one of the world’s most competitive technology hubs, Shenzhen, often described as China’s Silicon Valley.
Okafor’s journey to the podium was anything but scripted. Walking into Tencent’s facility on the day of the contest, he found a room already buzzing with elite programmers deep in preparation.
“Laptops open. Heads down. Some people setting up their system before the challenges even dropped,” he recalled, contrasting the scene with his own uncertainty at that moment. “And then there is me — a Nigerian looking around like, okay Francis, what exactly are you doing here?”
Rather than confidence, his first reaction was raw nerves. “I won’t lie, I had goose bumps. Not the inspirational kind,” he admitted, describing a quiet internal debate about whether he had wandered into territory far beyond his league. Yet that hesitation quickly gave way to experimentation, a hallmark of the hackathon spirit.
Earlier that same week, Tencent had rolled out OpenClaw integration into WeChat (known domestically as Weixin), exposing its massive user base to AI agent capabilities.
Okafor, a senior technology lead, artificial intelligence advocate, and global community organiser, had already been stress-testing the system and decided, on the spot, to build his entry around it. “I had been pushing it hard all week just to see what it could do… so when the challenges dropped I thought, you know what, let me use this thing as my weapon.”
That decision proved decisive. Competing against some of the most accomplished engineers in China’s hyper-competitive tech ecosystem, Okafor’s solution stood out for both ingenuity and execution. “It went far enough apparently,” he said with understated pride after securing second place.
Remarkably, he had entered without a grand plan. “I didn’t go in with a strategy. I went in for the thrill of it… Honestly I thought I would learn a few things and go home with a good story.” Instead, he left with a trophy, and a narrative that has resonated far beyond the competition hall.
Beyond personal triumph, Okafor emphasized the broader technological significance of the moment. Tencent released the WeChat OpenClaw plugin on the very morning of the event, effectively putting advanced AI agent tools into the hands of an estimated 1.4 billion users.
In his view, this signals a profound shift in how artificial intelligence will reach the public. The company, he observed, is “not just making AI accessible to developers… they are bridging it to everyone,” while using hackathons to identify innovators capable of pushing the technology forward, regardless of origin.
Okafor was acutely aware of his uniqueness in the room. “I was definitely the only African there and for sure stood out,” he noted. Yet what mattered was not nationality but capability. “Nobody cared about where I was from. They cared about what I built.”
His message to aspiring technologists, particularly those from underrepresented regions, is both simple and powerful: show up. “Enter things you think you have no business entering,” he urged. “The worst case is you learn something. The best case is you shock yourself.”
In an industry often defined by geography, capital, and institutional advantage, Okafor’s victory offers a compelling counter-narrative. Talent, preparation, and courage can still disrupt expectations, even in rooms that seem designed for someone else.
As he concluded in a line that has since captured widespread attention: Black excellence, he said, “doesn’t need a geography.”
News
CBN Pledges Deeper Synergy with EFCC in Enugu Operations

Economic and Financial Crimes Commission (EFCC) has urged the Central Bank of Nigeria (CBN) to deepen collaboration and provide faster operational support in Enugu State.

Zonal Director of the EFCC Enugu Zonal Directorate, Commander Daniel Isei, made the call during a courtesy visit to the CBN Branch Controller in Enugu, Mr Otutubuike Justice Agbaeze, on Tuesday.
The engagement forms part of ongoing efforts to boost inter-agency ties, enhance financial sector accountability, and fortify anti-money laundering initiatives nationwide.
Isei described the CBN as “our most critical partner in the fight against economic and financial crimes,” highlighting years of joint operations and the bank’s role in securing recovered assets.
“The CBN naturally stands out as one of our most critical partners… it serves as a secure repository for valuables recovered by the EFCC and it has greatly enhanced our operations,” he stated.
While commending past cooperation, Isei appealed for quicker responses to the EFCC’s frequent investigative requests from its Enugu office.
“We understand that these requests may be demanding, but timely responses are crucial, as time is of the essence in financial investigations. We therefore seek your continued indulgence in ensuring that our letters receive expeditious attention,” he added.
In response, Agbaeze reaffirmed CBN’s dedication to the partnership, pledging expert support and improved synergy “in the interest of financial system stability and national development.”
News
Firm Shares Tips for Updating Your Digital Habits for an AI-driven World

As smart devices with artificial intelligence (AI) tools, and always-on services become part of everyday life, the cybersecurity habits many people formed a few years ago may no longer be enough.

From AI-powered scams to social media trends that encourage users to upload personal details, the way people interact online is changing quickly. Ensuring that you stay secure now requires small, deliberate actions in your daily digital behaviour. Experts from Kaspersky, a global cybersecurity and digital privacy company, share the below advice to stay safe online.
- Be cautious with verification requests. Many scams now mimic legitimate verification processes, asking users to confirm accounts, update payment details, or approve login attempts. Because people are used to frequent security prompts, it is easy to respond automatically. Pause before sharing verification codes or personal information and independently verify requests through official websites or by contacting service providers directly.
- Cultivate healthy AI usage habits. AI agents, chatbots and multimedia-generating apps can be convenient and entertaining, but uploading high-resolution photos or personal information carries privacy implications. Facial images can function as biometric identifiers, and once shared with an online service, be it AI or a social network, control over how that data is stored or reused may be limited. Before using AI tools, review privacy policies, minimise the personal information they provide, and avoid uploading sensitive documents or confidential content.
- Do your homework on AI. For parents, the rise of AI assistants introduces another dimension. While AI tools can help in making education interactive and gamified, children may turn to AI tools for homework support or entertainment without fully understanding how their data is used or how to evaluate responses critically.
Open conversations about responsible AI use, privacy awareness, and the importance of not oversharing personal information can help children build safe digital habits from an early age.
- Audit your online subscriptions. Reducing digital exposure is another simple but often overlooked step. Over time, unused subscriptions, dormant accounts, and forgotten apps accumulate personal data and payment details. Regularly reviewing subscriptions, deleting unused accounts, and checking which apps have access to personal information can significantly reduce risks of this data being leaked.
- Secure your devices and home. Device longevity and smart home security also play an important role. Older devices that no longer receive security updates may contain unpatched vulnerabilities.
Ensure that smartphones, laptops, routers, and smart home devices are running the latest firmware and are protected with strong passwords and multi-factor authentication. Changing default passwords on connected devices and securing home Wi-Fi networks are essential steps in protecting both personal data and physical spaces.
As technology and AI becomes more integrated into daily life, security is less about dramatic measures and more about consistent, informed habits.
“Technology evolves quickly, and our online behaviour should keep pace,” says Brandon Muller, Technical Expert for the Middle East and Africa region at Kaspersky. “Take time to review privacy settings, app permissions, and connected third-party services, removing anything that is no longer needed. By being more deliberate about what we share, how we verify requests, and how we manage our devices, we can significantly reduce exposure to modern cyber risks while enjoying all the benefits of new technologies.”
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