News
NIPOST, Capital Market Registrars Forge Stronger Corporate Relationship

Nigerian Postal Services (NIPOST) and Institute of Capital Market Registrars have met to seek stronger ties for corporate mutual benefits.
The meeting, held in Lagos, recently, sought to rejuvenate the existing relationship especially in line with the challenges posed by technology to logistics operations across the world.
Speaking at the event in Lagos, Dr. Ismail Adebayo Adewusi, postmaster general of the federation and chief executive officer, NIPOST, said the meeting became germane in view of the need to breath more life into the utilisation of the NIPOST services by the capital market registrars.
Adewusi noted that there has been a decline in recent times, in the volume of documents from the capital market registrars adding that NIPOST remains the best option for the dispatch of relevant documents generated by the capital market.
He said: “There has been generally a decline in the volume of mails below expectations and with the advent of technology for ease of business, coupled with Government policies, the decline in the quantity of Capital Market mails is not unexpected.
“It is therefore, pertinent to state that the few mails generated through this Market, should be treated with utmost care in order to remain competitive and relevant in the market.”
A statement quoted the NIPOST boss to have said his organisation was more interested in knowing the reason for the decline, noting that all issues involved were to be sorted for continued mutual benefits.
He added: “The Nigerian Postal Service is reaching out to her Corporate Customers and partners to re-assure them of our commitment to providing quality and affordable service delivery.
“We are here to engage with you to know what you want, how you want them and when you want them. Our responsibility is to serve you and your clients in order to reduce the cost of doing business.”
Adewusi said the capital market registrars had in the past contributed immensely to the revenue generation capacity of NIPOST.
Responding on behalf of the Institute of Capital Market Registrars, Mr. Seyi Owoturo, president/chairman of Council of Institute of Capital Market Registrars, said the decline in the volumes of business from the capital market registrars is partly due to the impact of coronavirus saying the companies themselves have not found things easy since the disruption in the economic activities across the land.
Owoturo, who was represented by Mrs. Catherine Nwosu, said, “NIPOST and the capital market registrars are like fish and water. We cannot deny ourselves. But then, covid-19 came and disrupted everything. And then you also have the impact of technology which has also affected the way business is carried out.”
Owoturo said the companies themselves are not finding things, noting that the impact of covid-19 and the advent of new technology had combined to change the ways things are done globally.
“There was a time the only means of delivering documents was by NIPOST. But today, due to technology, people now use other means of delivering documents not even minding the risks of attendant losses,” he said.
Others who spoke at the meeting agreed that there was a need for both parties to set up a committee to work out an agreement on the new way forward.
They said this would ensure that in line with the new realities of technology and the society, both NIPOST and capital market registrar continue to be in business.
The NIPOST boss, in his closing remarks, assured that his organisation is already deep in its innovative diversifications adding that the NIPOST will not continue to rely on the old ways of doing business which he said are already going out of fashion.
Mr. Johnson Olakunle, general manager, NIPOST BulkPost, while welcoming participants at the meeting, said the last time a Postmaster General of NIPOST attended a meeting with the registrars was in 2001.
He thanked Adewusi for giving credence to the seriousness of NIPOST relationship with its stakeholders by leading his team to the meeting.
At the meeting were officials of many capital market registrars and management staff of NIPOST.
News
‘Fraudsters Have Cloned my Voice’- Akume

George Akume, secretary to the Government of the Federation, has raised alarm over the activities of a criminal syndicate allegedly cloning his voice and using it to defraud unsuspecting Nigerians with promises of Federal Government appointments.

George Akume, SGF
In a statement issued by Yomi Odunuga, his special adviser on Media and Publicity, on Thursday, Akume said the fraudsters have impersonated him in audio calls and text messages, targeting high-profile individuals and soliciting payments ranging from ₦5 million to ₦15 million in exchange for phantom political positions.
“From information available to the office, the fraudsters cloned the voice of the SGF, using it to solicit money in return for federal appointments,” the statement read.
The SGF further revealed that the scammers not only cloned his voice but also spoofed the phone numbers of other high-profile individuals to give credibility to their fraudulent scheme.
“These scammers attach bank account details to messages sent to victims and request them to send their CVs to cloned emails,” Odunuga added.
The statement noted that the fraudsters have been operating through both traditional bank accounts and fintech mobile wallets, complicating efforts to trace the financial trails.
Distancing himself from the illicit scheme, Akume stressed that appointments to Federal Government boards and parastatals are transparent and not for sale under any guise.
The statement noted, “Senator Akume emphasized that the appointment processes for Nigerians into boards and parastatals are transparent and verifiable, urging individuals not to pay any money in expectation of securing a position.”
The Office of the SGF confirmed that it has notified relevant security agencies, urging members of the public to report suspicious calls or messages to law enforcement.
“The Office of the SGF strongly advises Nigerians to report the activities of these fraudulent people to the authorities while taking all precautionary steps necessary to avoid being victims of th
News
Olukoyede, EFCC Chair Denies Forcing Ojulari to Resign as NNPC Boss

Ola Olukoyede, executive chairman, Economic and Financial Crimes Commission (EFCC), has denied claims that he compelled Bayo Ojulari, group chief executive officer, Nigerian National Petroleum Company Limited (NNPCL), to step down from his role.

Bayo Ojulari,
The allegations stemmed from an August 2, 2025, online publication which alleged that Olukoyede and Adeola Ajayi, director general, Department of State Services (DSS), pressured Ojulari into signing a resignation letter during a closed-door meeting in Abuja.
The report also suggested that Ojulari was interrogated over his purported links to Olatimbo Ayinde, British-Nigerian oil mogul, who is reportedly close to key figures in the present administration.
In a follow-up story, the news outlet further claimed Ojulari was later invited to the Presidential Villa, where First Lady Senator Remi Tinubu reportedly opposed his resignation.
Responding to the allegations, Dele Oyewale, spokesman, EFCC< issued a statement on Wednesday on behalf of the Commission, noting that Olukoyede, through his legal counsel Adeyinka Olumide-Fusika (SAN), described the publications as defamatory and injurious to his integrity.
“The publications and the imputations conveyed by them are so damning and cannot be ignored or treated with levity,” the statement quoted.
Olukoyede denied any suggestion that he was acting at the behest of Ayinde or that his actions were influenced by external political figures.
A letter addressed to the editor of the publication, signed by Olumide-Fusika, reiterated the gravity of the claims and insisted on corrective measures.
“He, therefore, demanded that the medium acknowledge your wrongdoing, expressly admit that what you published and imputed against my client are false, apologise for it unreservedly and retract and pull down the stories from your newspaper website and social media handles,” the statement added.
Olukoyede said the story portrayed him as “someone that has betrayed and subverted public trust by submitting the authority of his public office and trust as Chairman of the EFCC to the dictates and directives of one Olatimbo Ayinde.”
Labelling the report as entirely fabricated, Olukoyede demanded an official apology and complete removal of the story from the outlet’s digital platforms within 48 hours.
News
PalmPay Partners FG to Drive Data Protection Awareness

PalmPay reinforced its commitment to data protection and youth empowerment with a ground-breaking partnership with the Federal Ministry of Youth Development to launch the Youth Data Protection Awareness and Training (YDPAT) Program, which is targeted at equipping over 1,000,000 Nigerian youths digitally over 3 years.
The training program, commissioned last week at the Shehu Musa Yar’ Adua Centre in Abuja, will focus on providing youths with the right knowledge and skills required to navigate the digital landscape safely. With over 70% of the Nigerian population consisting of youths, this is an important move to foster trust, security and youth-focused innovation.
Speaking at the launch, the Honourable Minister of Youth Development, Comrade Ayodele Olawande, commended PalmPay’s partnership in the actualisation of the program and described YDPAT as a bold step toward building a digitally literate and security-conscious generation.
In his words, “This is about building a privacy-first generation, one that is inclusive, future-facing, and globally competitive.” He also emphasised the low awareness of the Nigerian Data Protection Act (NDPA), 2023 and the critical shortage of certified Data Protection Officers (DPOs), despite over 500,000 data controllers operating in the country.
This position was equally supported by PalmPay’s Managing Director, Mr Chika Nwosu, who stated how data protection is as important as innovation in tech. He noted that PalmPay integrates privacy into every stage of its product development, ensuring that user information is safe.
Beyond ensuring data protection, PalmPay is committed to empowering young Nigerians with real opportunities for growth, with mentorship and internship placements for top-performing participants. It has led several youth-oriented initiatives, including the Purple Woman campaign, and Passing the Baton CSR for thousands of youths and women in urban and rural communities.
With a drive to achieve nationwide digital literacy, PalmPay is championing campaigns in Northern Nigeria, with more activations planned across various states.
- E-Business3 days ago
How to Avoid NIN Portal Lockout under New Restrictions — NIMC
- E-Financial3 days ago
CBN to Prosecute FX Deal Violators after Audit
- E-Financial3 days ago
Zenith Bank Slammed with ₦85m Fine for Freezing Account on Invalid Court Order
- Telecom3 days ago
Telcos Say Mobile, Internet Services in Nigeria may Collapse
- General News3 days ago
NITDA Deepens Digital Gender Inclusion with IgniteHer Bootcamp
- Telecom3 days ago
NCC Calls for Unified Action to Protect Nigeria’s Telecom Infrastructure at CNII Conference
- Telecom2 days ago
MTN’s mPulse Spelling Bee Returns with Regional Competitions and ₦40M in Prizes
- E-Business3 days ago
FG Unveils Visa Application Platform to Eliminate ID Fraud, Unauthorized Agents