General News
Pencom Investigates Complaints Against Operators, Employers
It is within the powers of National Pension Commission (PenCom) to investigate complaints against pension operators and employers of labour, Muhammad Ahmad, PenCom Director General has said.
He stated this while presenting a paper on “Dynamics of the Nigerian Pension Industry” at the conference for Directors of Pension Operators organised by the commission in Lagos recently.
Apart from regulating and supervising pension schemes, he PenCom is empowered to receive and investigate complaints against Pension Fund Administrators (PFAs), Pension Fund Custodians (PFCs) and employers.
Ahmad listed other roles of PenCom to include formulating, directing and overseeing the overall policy on pension matters in Nigeria, as well as approve, license and supervise PFAs, PFCs and other institutions relating to pension matters.
The commission is also empowered to issue regulations and guidelines; maintain a national data bank on pension matters, as well as enforce sanctions and penalties.
Membership of PenCom includes Nigeria Labour Congress (NLC), Nigeria Employers Consultative Association (NECA) and National Union of Pensioners, Securities and Exchange Commission (SEC), Central Bank of Nigeria (CBN), Ministry of Finance and Head of Service of the Federation.
The PenCom boss also justified the pension reform in the country, saying it was meant to ensure that every worker receives his/her retirement benefits as and when due and assist workers to save in order to cater to their livelihood during old age.
He added that pension reform became necessary to empower workers, stem the growth of outstanding pension liability as well as establish a system that is financially sustainable, simple and transparent.
Pension reform was equally designed to safeguard pension assets and promotes savings, while also establishing uniform rules, regulations and standards for administration of pension matters as well as establishing strong regulatory and supervisory framework.
Although reforms in pension systems are a global phenomena, he pointed out most are complete paradigm shifts, while others are parametric adjustments. Several reasons inform pension system reforms of existing Defined Benefit (DB) or Pay-As-You-Go schemes. the reasons include demographic shifts due to increased ageing, increase of early retirement despite increased life expectancy and improved health profiles among older workers, climbing cost of supporting retirees and huge pension liabilities, as well as the need for sustainability of pension.
The commission’s regulatory principles are to remain and promote the independence of PenCom, to be accountable to all stakeholders and general public, as well as be accountable for its actions and be subject to public scrutiny.
PenCom seeks to mitigate greatest risks to pension assets by adopting risk-based supervision approach, ensure safety and fair returns on pension assets at least cost to all stakeholders, zero tolerance for non-compliance while remaining honest and upright in its dealings.
He further highlighted PenCom’s expectations from operators, saying the directors of pension operators bear ultimate responsibility for good governance, and that the directors must ensure skilled, experienced and competent manpower for their institutions.
Code of Conduct, according to him, are established rules of honesty, integrity and character which are necessary for a Director to hold self as reasonable, dependable and trustworthy.
As trustees, directors are public officers and where there is a conflict between self interest and public interest, the public interest must prevail, he noted.
The PenCom boss added that the operators are primarily responsible to pension plan members/beneficiaries, regulators and then shareholders.
He tasked the operators to compete on the basis of quality of service and returns, adding that they are required to understand and be conversant with laws, rules, regulations and guidelines on pension matters.
With regards to the implementation challenges being witnessed by the commission, he said it has been difficult to widen coverage especially in the informal sector due to lack of incentives, irregular income, paucity of data, and absence of payment/collection platform, among others.
Another problem encountered was in the area of funding and transferring of legacy funds and assets hitherto managed by employers, insurance companies and fund managers.
General News
Leo Stan Ekeh Foundation to Open Portal for 1,000 University Tech Scholarships on Monday

The Leo Stan Ekeh Foundation (LSEF), in collaboration with TD Africa, Konga Group, Zinox Technologies, and Task Systems, is set to officially launch its highly anticipated scholarship programme aimed at empowering 1,000 exceptional Nigerian indigent whiz-kids in the field of technology.

Leo Stan Ekeh
The dedicated application portal, initially scheduled to go live on April 22, will now launch on Monday, April 27, 2026, following final technical enhancements to ensure a seamless, secure, and transparent application experience for prospective candidates nationwide.
This landmark initiative, first announced by Leo Stan Ekeh, Africa’s foremost tech icon and chairman of Zinox Group, forms part of his unwavering commitment to national development and youth empowerment.
The programme was unveiled on February 22, 2026, when Ekeh marked his 70th birthday. Rather than host an elaborate celebration befitting a man of his stature, he chose to channel resources into a cause that would create long-term impact for an economy, offering university scholarships to indigent but brilliant Nigerian youths to study Computer Science in federal institutions.
Building on a legacy of over 6709 beneficiaries trained over four decades by him and his companies, Mr. Ekeh at the time said the goal is to nurture a new generation of highly skilled technology professionals capable of supporting both the private and public sectors, while positioning Nigeria for greater competitiveness in the global digital economy.
This vision reflects his decades-long commitment to building sustainable positive disruptive capacity within Nigeria’s technology ecosystem that shall alter the nation’s GDP.
The scholarship programme is designed to transcend mere financial support, offering beneficiaries access to a comprehensive ecosystem powered by the initiative’s distinguished partners. Beneficiaries will receive technical support, mentorship by very successful members of Nigeria Compute Society, and industry exposure to ensure that recipients are equipped with practical, market-relevant skills.
This multi-faceted approach ensures that scholarship beneficiaries gain not only theoretical knowledge but also hands-on experience and professional networks that will propel their careers in technology.
By leveraging the combined expertise and infrastructure of these industry leaders, the initiative is poised to deliver a transformative learning experience that prepares young Nigerians to compete effectively on the global stage. Beneficiaries will emerge as future-ready innovators capable of driving digital transformation across sectors and contributing meaningfully to Nigeria’s economic growth.
The initiative builds on the longstanding legacy of Leo Stan Ekeh, whose contributions to Nigeria’s technology landscape and by extension Africa have spanned decades and fundamentally reshaped the nation’s digital infrastructure. From pioneering indigenous computer manufacturing through Zinox Technologies to driving digital transformation across public and private sectors, Ekeh has consistently demonstrated a commitment to building sustainable technological capacity within Nigeria.
His investments in digital infrastructure, talent development, and indigenous innovation have positioned Nigeria as a formidable player in the global technology landscape.
This scholarship programme represents the latest chapter in that transformative journey, directly addressing the critical need for skilled technology professionals in an increasingly digital global economy.
As anticipation builds ahead of the April 27 launch, interested applicants are advised to visit the Konga.com website and click the Foundation banner on 1000 Tech Scholarships Awards where the application link and detailed participation guidelines will be published on the launch date. The organisers have assured that the selection process will be merit-driven, inclusive, and transparent, with a focus on identifying truly outstanding young talents from across Nigeria’s diverse regions.
General News
US Library Blames Hackers for Viral Posts Urging Violence in Nigeria

Westerville Public Library, a public library that serves the community of Westerville, Ohio, a suburb of Columbus in United States is in the news after its social account urged violence against Nigerian politicians.

Library staff said the inflammatory messages were not written by any employees and moved quickly to purge the feed and regain control of the account, rattling regulars who are used to the library’s usually low-traffic presence in Uptown Westerville.
The Columbus Dispatch reported that the library’s X account first posted a message calling for the death of Nigerian politicians, starting with the country’s president.
According to the paper, most of those posts were wiped from the feed within about half an hour.
The Dispatch also noted that the account had been sitting dormant since 2024 before the violent statements suddenly went live, and its full report includes the timeline and language that circulated on the platform.
After the posts appeared, the library issued a short note on X that read, “Please disregard any recent posts you may have seen from the Westerville Library on this platform today. Thank you for your understanding.” As reported by The Columbus Dispatch, communications director Tamara Murray told the paper the account was hacked shortly before the messages were published and that staff were working to recover passwords.
The library did not immediately say whether law enforcement had been notified.
General News
IshowSpeed’s African Tour was ‘Spy Job,’ for Elon Musk- Seun Kuti

Oluseun Anikulapo Kuti, popularly known Seun Kuti, Nigerian musician, has claimed that IShowSpeed, American streamer’s African tour was was funded by Elon Musk, billionaire tech mogul.

Seun Kuti
According to the singer and the youngest son of Fela Kuti, Afrobeat pioneer, the tour aimed at testing the reach of Musk’s satellite across the African continent.
Seun Kuti also explained that the streamer’s tour was not just to see the beauty of Africa, but was a spy job for Elon Musk.
”They all have the agenda. All that was a spy job for Elon Musk. I hail him and we have our own people pursuing him with us“, he added.
IShowSpeed completed a landmark 28-day tour of Africa, visiting 20 countries between December 29, 2025, and January 27, 2026, aimed at experiencing local cultures and engaging with fans.
The trip, which featured live-streamed visits to nations including Nigeria, South Africa, and Ghana, saw him surpass 50 million subscribers. He described the experience as life-changing.
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