General News
Prosellers Technology Can Check Kidnapping with Technology– Ologunleko
Adeniyi Ologunleko is the managing director of Prosellers, West Africa, frontline information and communications technology solutions provider.
He started his career as a sales representative in-charge of West African Market with Procter and Gamble, one of the leading consumer product companies.
He developed interest in ICT during his six years stay at MTN, from where he established Prosellers West Africa.
Ologunleko spoke to Chris Alu in Abuja on innovative solution provided by his company and other issues.
Technology Solution to Check Kidnapping
The Tramigo technology is a geographical position system (GPS) device and what it does is that, if you install it in a vehicle or any moving object, you can know the precise location of that object at any point in time.
The major advantage of Tramigo solution device is that it will return to you the exact location of the object or moving vehicle. What we did was to add a device into the technology that makes it useful in addressing the social menace in our society, and we discover that kidnapping and vehicle theft are some of the menaces. So now, with Tramigo, when installed in your vehicle, there is a button that is hidden in the vehicle which if you are driving and faces a threat of kidnapping or threat to your safety, you can quickly press the button and once you press the button, it is already connected to some of the security agencies, GSM system and your family members will get short message service alert system immediately.
Even up to ten people can get an SMS knowing your exact location at that moment. The message will indicate that you are having some challenges or attack. With distressed SMS alert, the security agencies can find ways of tracing down the kidnappers through the information received on their GSM phone, by so doing they can intercept the vehicle and they can trace the attackers and rescue you.
We also provide solar solutions and equipments. The solar technology we provide can provide back up power to devices, because power failure is one disadvantage that can frustrate business effort, so we adopt solar into our technology as back up for the devices to work very well.
Research and Development for Economic Advancement
Well Nigeria just like some other African countries have economic challenges such as poverty. This affects the ability of most citizens of countries in Africa to think which affects research; also the government finds it difficult to provide the kind of money needed for research and development. In most cases, it is thinking that leads to research or discoveries. In this regards, our academicians are still struggling to come out of the circle of poverty while we don’t even have scientists that can invent or embark on research. Government which is supposed to provide infrastructure to enable economic advancement and research is not living up to expectation. The environmental challenges makes R & D in Nigeria difficult, for instance, ICT parks and equipment, we don’t have them, so it is really difficult for such advancement to take place.
Other countries are investing money into research through synergy, so we can also form a synergy with some of these countries to move ahead, at this point Nigeria don’t need money in form of loans from World Bank, but we need partnership for technological development, through that our engineers, and scientists will be able to acquire the relevant knowledge for economic advancement. That is where we can talk of an enabling environment for a reliable partnership like what China is doing. China is a developing country like Nigeria. What China has done is that they know that they don’t have money for research and development, but they created an environment that is conducive for the people who have that technology, and knowledge to come and set up factories in other to translate that innovation to products, and in the process of doing that, their people will be employed and ideas will be shared, that is how China broke out from some of the factories to start their local products which we consume here in Nigeria and now they are far ahead of us.
Government Driving the Application ICT
Honestly, government cannot do so much in driving the application of ICT in our national lives, I think you have two components to it, you have the public sector component and the private sector components, and the public sector components, government has a key role to play. The private sector component, is already rising up to the challenge in that area, so it is the public sector that is remaining because the private sectors effort is the one creating awareness to people. For instance, your newspaper is one of the key newspapers that educate people mostly on ICT development weekly. So, government has not done that and also government has a major role to play even in the legislation for ICT development in the country, which will help the private sector to intensify their effort in bringing ICT into our daily life.
Supporting Prosellers Services
Our collaboration with Tramigo is basically from the point of view of technology partnership.
Tramigo has been able to invent a world class technology as a matter of fact; Tramigo is the only GPS tracking technology in the world. It is the world best selling in over 200 countries and market leaders in the world in the tracking device solutions. We collaborate with Tramigo, basically on the GPS area which is very important to our service provisioning, because of the technology. They have continued to improve on it to enable us provide the local landmark data service that works with the satellite in addressing social challenges. They help us to provide the geographical mapping code, the GPS satellite will translate.
More so, the device is a stand alone device and what I mean by a stand alone device is that it is a device that does not need internet connectivity, and does not require some of the complication associated that is down or up services. On its own, it is a world class innovation, however locally here in Nigeria what we do is to provide the geographical map in consonance with our streets, areas and major buildings in Nigeria, all to assist the device to work effectively, though it is difficult to describe all the major buildings in Nigeria but we have to do it to help the device work well. This is because once the device in your vehicle sends a signal to the satellite in orbit, and it replies the device a coordinate, that is the geographical area, the latitude and longitude. So, our job is to enable the device by providing software to enable the device to translate that coordinate into a physical area or place like Wuse, Garki or Herbert Macaulay street etc. We also provide the software back up for easy identification. This is done in a matter of few seconds for the device to locate your identification for follow up. Apart from that, we have experts and equipments/updates that constantly monitor and update the land mark data in Nigeria.
Future of Prosellers
In the next five years, we want to see Prosellers becoming a bigger company in the African continent in providing sales and marketing services to the tracking device, and that our partners, Tramigos are working round the clock to ensure that any new technology that is coming out of the laboratories will be transferred to Proseller immediately for sales. New innovation will be added to the tracking device in no distant time. So, we would like to stand as a bridge between innovation and market by giving satisfaction to people in the needed ICT areas.
High Cost of ICT Equipment
I think that prices of ICT equipment are coming down but nevertheless, I don’t think one can talk of high cost now as a major challenge because prices are coming down globally but in a relative way. However, cost poses a challenge because of the economic nature of our society today, and government is not making any efforts to provide infrastructure to lessen the burden of vendors of ICT device and system in the market.
General News
OSGOF, NASRDA Partner to Boost Geospatial Data, Others

Office of the Surveyor General of the Federation (OSGOF) and the National Space Research and Development Agency (NASRDA) have pledged to deepen collaboration in key national development areas, including geospatial data infrastructure, satellite technology, communication sector regulation, and population census operations.
This was the outcome of a high-level meeting held on Tuesday at the headquarters of OSGOF in Abuja, where Abudulganiyu Adeyemi Adebomehin, surveyor General of the Federation, received Dr. Matthew Adepoju, director general of NASRDA, and his management team.
This was disclosed in a statement issued on Wednesday by Henry David, head, Information and Public Relations, Office of the Surveyor General of the Federation, titled ‘SGOF Pledges To Support NASRDA For Optimal Performance.’
According to the statement, the discussions at the meeting focused on the impact of upstream and downstream operations in Nigeria’s communication sector, challenges of mast proliferation near residential areas, and the broader implications for public health. Both agencies expressed concern over the unregulated installation of communication infrastructure and its potential link to rising cancer rates.
“The downstream sector of communication companies involves placing signal-receiving stations within living communities, which poses significant health risks due to radiation,” the two agencies said in a joint position. “Co-location of infrastructure, as practised in developed countries like the UK and US, should be adopted here to reduce radiation exposure.”
The two agencies called for stronger regulation of telecommunication operators, noting that television and radio signal disruptions—commonplace in Nigeria—are largely due to a lack of oversight, a situation that does not persist in countries with stringent telecom regulations.
Addressing issues of national data management, the agencies stressed the critical need for collaboration with the National Population Commission (NPC) in the upcoming national census. “Without the input of NASRDA and OSGOF, the census will remain speculative,” they jointly noted.
On geospatial data, both parties resolved to work together to strengthen the National Geospatial Data Infrastructure, which they described as vital for national planning and development.
In his remarks, Surveyor General Adebomehin expressed firm support for NASRDA’s initiatives. “I will defend NASRDA to the best of my ability. If you need software engineers, we have capable hands here,” he said. “Keep encouraging your staff. Behind every successful organisation in the world, you will find Nigerians. We are in full support of your mission.”
Adebomehin urged NASRDA to engage the Presidency directly in acquiring high-precision satellite systems. “You need a satellite that can deliver accuracy of less than 10 centimetres,” he said. “This will reduce the government’s losses from MDAs sourcing satellite services externally.”
Duniya Magaji Joseph, director of Geodesy at OSGOF, called for improved inter-agency collaboration, especially with the military. “Anytime the military collaborates with OSGOF, the outcome is always better,” he said. “We need to overcome the tendency to work in silos driven by funding concerns and instead focus on joint advantages.”
NASRDA’s DG, Dr. Matthew Adepoju, said his agency is working with the Ministry of Steel Development on mineral exploration projects, including the identification of new sites for raw materials such as steel and limestone. He stressed the importance of OSGOF’s technical input in these initiatives.
“We’ve agreed to support the Ministry of Steel Development in identifying new resource locations,” Adepoju said. “But I don’t want NASRDA to go it alone. We want OSGOF fully involved so that roles are clearly defined, and the synergy is more impactful.”
To mark the visit, NASRDA presented symbolic gifts, including a plaque and a vest, to the Surveyor General in appreciation of OSGOF’s commitment to partnership.
The meeting, held in Abuja, concluded with both agencies reaffirming their shared mandate to support national development through technology, data integration, and inter-agency cooperation.
General News
SEC Insists CBEX Ponzi Remains Banned in Nigeria

The Securities and Exchange Commission (SEC) has warned investors that Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd, also known as Smart Treasure/Super Technology, remains banned in Nigeria, insisting that it has not been registered by the commission.
SEC’s position followed reports that traders on the controversial CBEX platform are now back and able to access their accounts and trade, with renewed assurance after the digital platform abruptly shut down in April, thereby trapping investors’ funds in excess of N1 trillion.
In a public notice issued on Wednesday, SEC advised the public to refrain from patronising or transacting any investment-related business with CBEX.
However, the commission was silent on what steps it would take against the trading platform and its promoters, having earlier declared that CBEX was not registered or authorised by it to embark on offer investment-related services to the Nigerian public.
The notice read: “The attention of the Securities and Exchange Commission has been drawn to media reports indicating that CBEX (Crypto Bridge Exchange), operating under the corporate identity of ST Technologies International Ltd, also known as Smart Treasure/Super Technology, has resumed operations across Nigeria.
“According to the reports, CBEX promoters are demanding $200 from their subscribers with balances above $1,000, and $100 from those with less than $1,000 balances before withdrawals can be processed.”
The commission stated unequivocally that neither CBEX nor ST Technologies International Ltd (or Smart Treasure/Super Technology) is registered with it or authorized to offer investment-related services to the Nigerian public.
“As a matter of fact, enforcement action has already been initiated against CBEX and its promoters following its previous unauthorized investment activities and the commission is collaborating with relevant law enforcement agencies to properly investigate CBEX/ST Technologies International Ltd and will take appropriate actions in line with the provisions of the Investments and Securities Act 2025.
“The Nigerian public is accordingly advised to refrain from patronising or transacting with CBEX /ST Technologies International Ltd (Smart Treasure or Super Technology) as they risk losing their funds,” it said.
It, therefore, advised the public to verify the registration status of investment platforms via the commission’s dedicated portal before transacting, adding that it remains committed to protecting investors and maintaining market integrity.
General News
Union Bank’s alpher Initiative Empowers SMEs, Strengthens Nigerian Economy

Union Bank of Nigeria has reiterated its commitment to entrepreneurship and women’s empowerment through its alpher initiative by sponsoring the Nigerian British Chamber of Commerce (NBCC) Women and Youth Entrepreneurship Development Centre (WYEDC) Cohort 2 Programme, which has graduated 125 entrepreneurs who have benefited from firsthand entrepreneurship training and business grants.
Small and medium-sized enterprises (SMEs) in Nigeria account for more than 50% of industrial employment and contribute approximately 48% to the country’s GDP.
This makes entrepreneurship one of the economy’s building blocks and is a testament to Union Bank’s unwavering dedication to national development in partnership with NBCC.
In her welcome speech, the Director General of NBCC, Dr. Ebere Njoku, reiterated NBCC’s commitment to supporting entrepreneurship, women’s empowerment, and youth empowerment, citing these as catalysts for economic development and sustainability.
She appreciated the sponsors, partners and facilitators who devoted their resources and time to upskilling the participants.
The entrepreneurship initiative stemmed from the visionary goal of Mr. Ray Atelly, President and Chairman of the Council, NBCC, FRPA, to provide entrepreneurship and grant opportunities to Nigerian women and youths.
Mr. Atelly told the graduates in his speech, “This is your chance, make sure you take it. Don’t let any obstacle stop you because there will be many; if you let it stop you, your dreams are not strong enough. You need to keep pushing, someday you will sit at the top of a conglomerate and people will aspire to be like you.”
Also in attendance was the NBCC’s Patron, Senator Akin Odunsi, FRPA, who congratulated the Cohort 2 graduates.
He said, “I encourage all of you not to take the training you have received for granted. Use it as a landmark opportunity to be a beacon of hope to others who look up to you.”
He also urged the Chamber to provide internship opportunities after the six-month entrepreneurship training in organisations for the incoming Cohort 3 and beyond.
He added that the internship experience will give trainees the unique chance to practice what they learned and, in return, benefit the organisations from their acquired skills.
The goodwill message at the graduation ceremony was delivered on behalf of Mrs. Yetunde Oni, Managing Director and Chief Executive Officer of Union Bank of Nigeria, by Mrs. Vivian Imoh-Ita, the Bank’s Head of Retail and SME Business, who appreciated NBCC for the life-transforming training they are providing to the youth and women entrepreneurs.
She further stated, “As a Bank, we understand that when we invest in women and youth entrepreneurs, we are investing in the most powerful catalysts of economic transformation. Through the Bank’s alpher initiative, we have enabled success for women-led businesses. In a volatile economy like Nigeria, the challenges facing entrepreneurs are dynamic and significant. As a Bank, we intend to prove that these barriers are not unconquerable and are growth opportunities.”
Three entrepreneurs, namely Evelyn Ekene Ani of Evani.Ng (First place), Martha Padonu of Beyond Photography (Second place), and Therietta Vershima of La Teriz (Third place) were declared winners of the Union Bank Business Pitch competition held during the graduation ceremony and were rewarded with funding for their businesses.
The Bank’s sponsorship of the training demonstrates its commitment to fostering a vibrant, innovative, and inclusive entrepreneurial ecosystem for women and all individuals.
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