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Power of Women in the 21st Century: The Zinox Group Example

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By Dr. AbionaIwajowa

“There’s something so special about a woman who dominates in a man’s world. It takes a certain grace, strength, intelligence, fearlessness, and the nerve to never take no for an answer.’’ – Rihanna

Power of Women in the 21st Century: The Zinox Group Example

“A 21st Century woman is a privilege and special blessing to a family and society and anointed to lead corporates and countries from the second quarter of this century. Leadership shall demand global knowledge, style, absolute trust, creative energy and faith in God and all these are domiciled as a right in today’s civilized woman.”– LeoStan (2019)

For long, the world has paid lip service to the place of women in the global scheme of things. The situation, although more critically felt in developing economies, Nigeria inclusive, is one that has remained a problem globally.

Indeed, gender equality is a globally-acknowledged human right. Nevertheless, the world today still faces a disturbing and abject reluctance to leverage on the potential of this very important gender in shaping our existential narratives. Put in another way, despite the growing evidence of the sterling qualities and achievements that women have proved capable of delivering, there are still huge gaps in access to opportunities and decision-making power for women.

Globally, women have fewer opportunities for economic participation than men, less access to basic and higher education, greater health and safety risks, and less political representation. The situation is the same in the corporate space where men have been known to dominate leadership positions, even when there are more capable or at best, equally qualified or suited female counterparts.

Today, women leaders are still a pitiable minority in various sectors. Men continue to outstrip women in leadership roles across every sector in the world. This includes government, corporate, non-profit, education, medicine, military and religion. Research also reveals that globally, at Fortune 500 companies, women hold only 19 percent of board seats and 15 percent of executive management positions. In addition, the number of female CEOs at these companies is a paltry four percent. Four percent of 500 companies equals 20 female CEOs, with male CEOs running the remaining 480 companies.

A report published in March 2020 by data mining company PayScale also shows a global disparity in how men and women are paid, even when all compensable factors are controlled, meaning that women are still being paid less than men due to no attributable reason other than gender. In 2020, women make only $0.81 for every dollar a man makes.

As demonstrated above, this is not only a Nigerian problem. It is a global phenomenon.

The foregoing is in contrast to the evidence-based capacity of women to create a positive disruption when placed in leadership positions.

It is an open secret that guaranteeing the rights of women and giving them opportunities to reach their full potential is critical, not only for attaining gender equality, but also for meeting a wide range of international development goals. Research shows that empowered women and girls contribute to the health and productivity of their families, communities and countries, creating a ripple effect that benefits everyone.

As Michelle Obama, former First Lady of the United States of America one famously declared: “There is no limit to what we, as women, can accomplish.”

Numerous examples abound in government circles, with the likes of Angela Merkel, a woman who leads the powerful nation of Germany.In Chile, Michelle Bachelet also distinguished herself as President of the South American country from 2006 to 2010 and again from 2014 to 2018, the first woman to occupy the position. This is just to mention a few.

Here in Africa, women have also shown they have what it takes to lead from the front, with Liberia’s Ellen Johnson Sirleaf covering herself in glory after winning the presidential election in 2006, the first in Africa. She was also re-elected in 2011.

Even in the corporate world, where men have dominated, instances abound of women who have distinguished themselves when appointed to leadership positions.

However, there is still a grudging refusal to empower women with leadership responsibilities, not only in Africa., but the world over. Here in Nigeria, there is often times a shocking mind-set when women assume top roles in an organization. In most cases, there is a belief that she was unfairly favoured or, if she is an attractive woman, then she is deemed to have compromised or slept her way to the top.

This is why the example of Leo Stan Ekeh, Chairman of the Zinox Group is worth mentioning.

Although I have not had the privileged of a one-on-one encounter with the man, I recall that as far back as 2014, he had declared that women will lead the world, not as second class citizens, but in the management of global resources mainly in the corporate marketplace, by the second quarter of the 21st Century which starts by 2026. Ekeh, who was speaking at a Women in ICT event at Sheraton Hotel, Ikeja, had cited the increasingly pivotal role women in the corporate sector are playing in the global arena.

Here is what he had to say: “Women are naturally more structured, trustworthy, less greedy, live longer and more prayerful than men. These innate qualities have strategically endowed women with the basic ingredients for leadership. As entrepreneurs, all you need to do is combine these innate qualities with absolute commitment, capacity for innovation, credibility and sound digital knowledge and very soon, the male folk will be struggling to keep pace with the women in the industry.’’

Fast forward to 2019, I was privileged to attend the Disrupt Africa conference organised by Access Bank in May 2019 where Mr. Ekeh was one of the guest speakers at the event.

This time, he had also preached the gospel of women empowerment to the packed audience at the Landmark Centre, Oniru, Victoria Island. According to him, gone are the days when parents would rather prefer to have male kids, as was in the case in the olden days. Ekeh had stated that women are heavily knowledgeable, highly domesticated, humane, humble and less greedy, even as he noted that current statistics indicate that women have proven to be more knowledgeable and intelligent compared with men in the same age bracket and intelligence quotient (IQ). Further, he cited their concentration power and integrity in managing resources as far higher than those of their male counterparts.

Equally important, he had told the listening audience that the foregoing had nothing to do with Africa, noting that it was a global phenomenon.

I was one of the many who had given him a standing ovation at the end of his moving speech. After the conference, I had engaged a few other participants on the thoughts expressed at the event especially the thought-provoking ones espoused by Mr. Ekeh. I was initially of the impression that he was probably playing to the gallery at the conference, as many are wont to do at such public speaking engagements.

This had made me embark on some sort of mini-research or investigation into the Zinox Group. However, my investigations threw up a startling revelation and actually gave me some hope in the future of the battle for women empowerment in Nigeria and beyond.

Indeed, the Zinox Group, led by Ekeh, remains a shining light and a good example of a conglomerate that has not only justified the power of women as leaders, but also given them an equal playing ground to thrive.

At Technology Distributions Ltd. (TD Africa) which incidentally is arguably the biggest company in the Zinox Group in revenue terms, women occupy the first four management executive positions. The company is led by the CEO, Mrs. Chioma Ekeh, wife of Ekeh, a first-rate mathematician and certified Chartered Accountant who has previously worked in the United Kingdom. Next to her is another woman, the Coordinating Managing Director, Mrs. Chioma Chimere. Following closely is yet another woman, Mrs. Shade Oyebode, who is the Managing Director (Operations) and then, Mrs. Andrea Ijogun who is the Managing Director (Sales). Although I did not succeed in obtaining a clear state of the company’s impressive financial figures, it is worth mentioning here that Technology Distributions Ltd. is credited with pioneering ICT distribution in West Africa and till today, it represents the biggest, globally recognised names in the sector such as Microsoft, IBM, Dell, HP, Samsung, Cisco, Lenovo, to mention a few.

If the example of Technology Distributions is deemed a fluke or a chance occurrence, then let us turn our attentions to Zinox Technologies Ltd., the most popular company in the Zinox Group. In 2006 and 2010, the company had rescued Nigeria from a national embarrassment by overseeing the rollout of the computer hardware, components and software solutions used by INEC for the successful conduct of the general elections, rising to the occasion to deliver after foreign contractors failed. It repeated the feat in 2014when it designed the Direct Data Capture (DDC) machines, Card Readers and worked with INEC in capturing and delivering a credible database of voters – a factor which contributed immensely in reducing post-election litigations.

Zinox Technologies Ltd. is also led by a female Managing Director, Mrs. Kelechi Eze-Okonta –  with an M,Sc. in International Business Management from University of Liverpool, United Kingdom –  a position she has held, along with all the perks of that office, for the past three years.

Do we still consider that a fluke?

If so, what about Task Systems Ltd., Leo Stan Ekeh’s first company? Incorporated over 30 years ago in 1987, Task Systems Ltd. was the company through which Mr. Ekeh transformed the Nigerian media and publishing landscape, transitioning it from its prevailing analogue state of metal cast style publishing and ushering them into the world of Desktop Publishing and Computer Graphics many years ago.  In fact, my late twin brother, who was a top journalist, was one of the witnesses of this revolution which transformed the likes of Punch, Guardian, Sketch, Daily Times, Vanguard, Daily Independent and many others. Back then, he had claimed that Mr. Ekeh was an American whiz-kid! It was until recently that I discovered that he trained in India and the United Kingdom.

For the past five years, Task Systems Ltd. had a woman, Ms. Olufunke Oduntan, as Managing Director. It was only earlier this year that she was replaced by a man, Stanley Okpalaeke with an MBA from LBS as MD after her retirement.

The Group Head, Human Resources, Mrs. Chioma Nwoke, is also female.

Across the Zinox Group, women have not only held top executive management positions; they have also been encouraged to aspire to the very echelon of the corporate ladder. In this remarkable Nigerian example, there are no glass ceilings for the women-folk. At this juncture, it is worth stating that some of these women have worked in the Zinox Group for the past 20 years, growing through the ranks and displaying a high level of integrity, performance and credibility – qualities that have made them undisputable choices for the rarefied positions they occupy.

Indeed, each of these women have merited their appointments.

This is clear when you look at their respective profiles. These are corporate giants who know their onions and who can defend their appointments or distinguish themselves in similar appointments in the global marketplace. These are women who are ethical and spiritually filledand imbued with the right ingredients to drive a business to profitability. Further, their occupancy of those lofty positions is tested on an annual basis, with their unerringly brilliant leadership seeing to the continuous profitability of the Zinox Group.

More remarkable is the fact that the Zinox Group has remained in the forefront of sustaining Nigeria’s march to technological emancipation. The numerous feats recorded by the various companies in the Zinox Group have not only given Nigeria a voice in the technology sphere; but have also gone a long way and still continues to usher millions of Nigerians into the contemporary world mediated by advancements in technology.

But there has hardly been any significant recognition for this Nigerian miracle.

It appears the Nigerian government is more comfortable with recognizing politicians or noise-making institutions and persons who hardly contribute anything of note to the nation’s development. If not, how do we justify the fact that such a gender-sensitive, high-performing entity that has been in business for over 30 years in a difficult terrain such as Nigeria without any major scandal, providing direct and indirect employment opportunities for millions of Nigerians has not received any form of special honour by the Nigerian government?

I put it down to the fact that the Zinox Group is not a noise-making entity, as exemplified by the character of the organization and the fact that its leadership is dominated by women, who are naturally conservative. Perhaps, if the company was into beating the drums of its many achievements they would be identified. Very unfortunate!

Having a man such as Leo Stan Ekeh as a Nigerian is a blessing to this country. These are the kind of leaders that Nigeria needs – people that see beyond today. He has shown remarkable vision in many of his dealings and specifically, with his clarion calls for women empowerment which he has not only preached but implemented across his companies while the country struggles with civilization.

Little wonder, Mr. Ekeh has been at the forefront of driving the charge to computerize Nigeria for the past 30 years, as he has always declared that no nation is truly independent without achieving technological independence.

Despite the non-recognition by the Nigerian government for its many contributions to national development, the Zinox Group has been mightily blessed. In my research, I have followed the growth of this exciting technology group and, despite the difficulties in the operating environment, the Zinox Group has continued to give hope to many Nigerians.  No wonder Alhaji Lateef Jakande- the former Governor of Lagos state said at the launch of Task Systems’ Allen Avenue, Ikeja office in 1992, that if the country could have five Leo Stan Ekehs, Nigeria would emerge as a quality representative of Africa in the global community.

Today, a lot of our young ones are out of school without any clarity as to how long this predicament will last. Yet, the government cannot partner with a proudly Nigerian brand such as this to empower these little kids, all of whom will pay taxes in future, with simple gadgets and devices to aid their learning. On the other hand, the government is investing billions in a feeding programme riddled with controversy for out-of-school children.

What a shame!

Dr. Abiona Iwajowa is a policy expert who writes from Kano


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ABoICT Lecture 2026 to Focus on Impact of AI, IoT on Business Operational Efficiency

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Board and management of Communication Week Media Limited, publishers of Nigeria CommunicationsWeek, at the weekend announced that this year’s Africa’s Beacon of ICT Merit and Leadership lecture will focus on Impact of AI and IoT on business operational efficiency.

ABoICT Lecture 2026 to Focus on Impact of AI, IoT on Business Operational Efficiency

Africa’s Beacon of ICT Merit and Leadership lecture, widely regarded as the most prestigious annual event available in the ICT industry in Nigeria is in its 17th year.

The lecture holds on May 30, 2026 at Oriental Hotel Lekki, Lagos, according Ken Nwogbo, editor-in-chief of
Nigeria CommunicationsWeek the organizers of the event.

He said that this year’s event “is digital transformation edition” to recognise and celebrate organizations and individuals in the ICT industry that have impacted in digital transformation of the economy.

“Most of these organizations and individuals have consistently being voted by our readers as leaders in their areas of operations and we have decided to reward them in this special edition, tag: ‘Digital Transformation Edition 2026’ he said,”.

He added that, Digital transformation, driven by AI and IoT, will fundamentally boosts business operational efficiency by automating complex tasks, enabling real-time data analysis, and reducing costs.

“IoT technology optimizes resources, predict maintenance needs, and enhance decision- making, allowing companies to streamline workflows and improve productivity across sectors like manufacturing and logistics.

“It is an emerging technology that has impacted lifestyles and has changed the way we think and act, and the way we interact with each other.

It has also changed the way we work as it enables very large-scale monitoring, control, and automation, and has impacted the digital transformation of organizations in different industries”, he said.

According to him, “the transformative power of Artificial Intelligence exists as a bringing force in organizational communication. AI tools perform repetitive jobs, deliver simultaneous translations, and register team communication patterns, which lead to better understanding of group interactions. AI chatbots help manage customer support inquiries thus enabling staff members to dedicate their efforts toward complex work activities”.

The Africa’s Beacon of ICT Merit and Leadership Distinguished (ABoICT Lecture 2026) is designed to explore efforts to put Nigeria on the global Information and Communications Technologies map.

The lecture series however is reserved for distinguished achievers in the ICT sector.

Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, former Managing Director, Rack Centre Limited; Prof. Adewale Obadare, chief visionary officer, Digital Encode; Dr. Oluseyi Akindeinde, founder,
Hyperspace & NeuraL AI and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, former minister of Communications and Digital Economy; among others.


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AI-Driven Memory Chip Fuels Global Phone Price Surge

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Global technology markets are entering a new phase of strain as surging memory chip prices intensify the ongoing semiconductor shortage. For Nigeria, the ripple effects could translate into a 15 – 20 per cent increase in phone price levels if supply pressures persist into the next quarter.

While attention has largely focused on advanced AI processors, the sharpest escalation is occurring in memory chips, specifically DRAM (Dynamic Random Access Memory) and NAND (Flash Memory), which are essential to smartphones, PCs, and vehicles.

According to Bloomberg data, spot prices for DRAM have surged more than 600 percent in recent months. NAND prices have also climbed as artificial intelligence infrastructure expands global storage demand.

This shift reflects a structural realignment rather than a short-term disruption.

Massive AI infrastructure investments led by hyperscalers such as Amazon have redirected fabrication capacity toward high-bandwidth memory (HBM), a critical component for AI accelerators. This shift has tightened supply for conventional memory used in consumer devices.

Market analysts now describe the situation as a memory “supercycle,” breaking the industry’s traditional boom-and-bust pattern. Historically, memory cycles lasted three to four years. According to Jian Shi Cortesi of GAM Investment Management, the current cycle has already exceeded previous ones “both in length and magnitude,” with little evidence of demand momentum softening.

Financial markets reflect the divide. A Bloomberg gauge of global consumer electronics makers has fallen roughly 10 per cent since late September, while a basket of memory manufacturers has surged about 160 per cent over the same period. Shares of SK Hynix, a key high-bandwidth memory supplier to Nvidia, have climbed more than 150 per cent.

By contrast, downstream manufacturers reliant on affordable memory supplies are under pressure. Nintendo has warned of margin compression linked to shortages. Qualcomm shares declined after signaling memory constraints that could limit phone production. PC makers such as Lenovo and Dell have also retreated from recent peaks amid concerns that rising chip costs could dampen demand.

The divergence underscores a widening gap between component producers and device assemblers.

Memory is central to modern smartphone performance. Higher DRAM and NAND capacities power AI-enabled features, high-resolution imaging, and multitasking capabilities. Rising memory costs, therefore, feed directly into the bill of materials.

Even in a moderate demand environment, a constrained memory supply can limit production volumes. Qualcomm’s recent indication that memory shortages may restrict handset output highlights the risk of scarcity extending beyond price increases into availability challenges.

Compounding the issue, a foundry such as TSMC is prioritising higher-margin AI-related contracts at advanced nodes. Combined with the reallocation of capacity toward high-bandwidth memory, this limits flexibility in supplying traditional mobile processors and storage components.

For Nigeria, the likely outcome is not immediate widespread stockouts, but gradual upward revisions in retail pricing.

Nigeria’s electronics market remains heavily import-dependent, with minimal semiconductor manufacturing capacity. Retailers are therefore exposed to global cost shifts and supply volatility.

Distributors in major commercial hubs such as Lagos’ Computer Village are closely monitoring global trends. Some are securing inventory ahead of anticipated adjustments, while others are maintaining leaner procurement cycles to manage uncertainty.

Duration risk remains a key concern. Fidelity International’s Vivian Pai recently observed that while markets may be pricing in normalization within one to two quarters, industry tightness could persist through the rest of the year. If that proves accurate, manufacturers will have limited room to absorb higher component costs without passing them through to consumers.

Mid-tier smartphones, especially those balancing affordability with competitive performance, are likely to face the greatest pressure. Manufacturers may respond by offering lower base storage variants, delaying feature upgrades, or raising prices incrementally across product lines.

Parallel imports could increase if global scarcity intensifies, potentially raising concerns about warranty coverage and after-sales support.

Globally, firms are attempting to mitigate exposure by locking in long-term supply contracts, raising product prices, or redesigning devices to use less memory. However, semiconductor fabrication is capital-intensive and slow to scale. New fabrication plants require years to build, and expanding high-bandwidth memory output involves complex processes that cannot be rapidly accelerated.

For Nigeria, the episode underscores the importance of strengthening digital resilience. While domestic chip fabrication remains unlikely in the near term, expanding local device assembly, promoting repair ecosystems, and supporting component recycling could help cushion future supply shocks.

If projections hold, Nigerian buyers may begin seeing incremental price adjustments within weeks. Mid-range Android devices are likely to record the most noticeable changes, while premium models, already positioned at higher price points, may see more measured increases.

As it stands, AI’s explosive growth is reshaping semiconductor allocation patterns, and memory, once viewed as a product with prices that rise and fall in cycles, is behaving like a sustained constraint.

The widening gap between stock market winners and losers reflects the magnitude of this transition. As AI infrastructure spending accelerates globally, consumer electronics markets, including Nigeria’s, must adjust to a new cost environment.

Whether the squeeze proves temporary or evolves into a prolonged recalibration will depend on how quickly semiconductor capacity expands. For now, the trajectory suggests continued upward pressure on global electronics pricing, and Nigeria’s phone price expectations may have to adjust accordingly.


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INTERPOL Arrests 651, Recovers $4.3m from Cybercrime in Nigeria, Others

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African law enforcement agencies arrested 651 suspects and recovered over $4.3 million in a joint operation targeting investment fraud, mobile money scams, and fake loan applications.

INTERPOL Arrests 651, Recovers $4.3m from Cybercrime in Nigeria, Others

As INTERPOL revealed on Wednesday, Operation Red Card 2.0 identified 1,247 victims between December 8 and January 30 while targeting cybercrime operations linked to over $45 million in financial losses.

Authorities across 16 countries also seized 2,341 devices and took down 1,442 malicious websites, domains, and servers during this joint action coordinated by the African Joint Operation against Cybercrime (AFJOC).

In Nigeria, police officers dismantled an investment fraud ring that was recruiting young people to run phishing, identity theft, and fake investment schemes, taking down over 1,000 fraudulent social media accounts in the process.

They also arrested six members of a Nigerian cybercrime gang that used stolen employee credentials to breach a major telecom provider.

Kenyan investigators also apprehended 27 suspects while investigating fraud networks that used social media and messaging platforms to lure victims into fake investment schemes.

In Côte d’Ivoire, 58 suspects were arrested as part of a crackdown on predatory mobile loan apps that targeted victims with hidden fees and abusive debt-collection practices.

“These organized cybercriminal syndicates inflict devastating financial and psychological harm on individuals, businesses and entire communities with their false promises,” said Neal Jetton, the head of INTERPOL’s Cybercrime Directorate.

“Operation Red Card highlights the importance of collaboration when combatting transnational cybercrime. I encourage all victims of cybercrime to reach out to law enforcement for help.”

One year ago, African law enforcement arrested another 306 suspects in the first stage of this INTERPOL-led operation targeting cross-border cybercriminal networks.

This is the latest INTERPOL operation targeting African cybercrime, with thousands of arrests and multiple multimillion-dollar operations disrupted or dismantled in recent years, following Operation Serengeti and Operation Africa Cyber Surge.


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