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Rack Centre Bags Data Centre Impact Award

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L-R, Contracts Director, BladeRoom, Sean Bailey, Sales & Marketing Director, BladeRoom, William Thornton, Business Development Director, Rack Centre, Howard Pheby, Key Accounts Manager, BladeRoom, Edward Dusting, Director of Operations,
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Rack Centre, the Nigeria’s Premium Data Centre provider has recently won the 2015 Data Centre Dynamics Award for Europe, Middle East and Africa (EMEA) region in the Data Centre Impact Award Category area. 

The Data Centre Dynamics award is well respected in the data centre industry and are considered by analysts to be the most prestigious international awards in the industry today. 

This was the first time a company in Africa has won the Data Centre Dynamics award for Europe, Middle East and Africa.

The Data Centre Impact award rewards companies or projects which had positively impacted its region, community and commerce.

Rack Centre was also shortlisted for the second year running for Data Centre Modular Deployment category.

The award in the EMEA area category was announced in a well-attended gala night in London’s Royal Lancaster Hotel on December 10, 2015.

Commenting on the award, George Rockett, CEO of DatacenterDynamics said: “As an organization DatacenterDynamics has always been at the forefront of industry thinking on all major topics. It is not only important for us to be ahead of the market, we have to be leading it at all levels. Our overhauling of the award categories and the judging process this year were necessary to keep the awards relevant to the pace of change in the industry and to guarantee the continuing relevance of our awards in a changing industry.”

The Data Centre Dynamics EMEA Awards are part of unique global services that provide worldwide recognition to outstanding individuals, teams and projects in the Data Centre Industry.

According to Data Centre Dynamics, the organiser of the award, “in this complex and competitive market,   there comes few greater accolades than to be awarded one of the ‘Oscars’ through the rigorous judging of an independent panel of industry experts…Past winners have included many of the worldwide brands and every shortlisted finalist shares recognition for their exceptional performance and contribution to the market.”

The finalists are mostly European Countries, but while Rack Centre was the only African finalist in 2014, in this year, another African Finalist, Djibouti Data Centre also made the list.

Data Centre Dynamics also organises other awards for the Latin America, Brazil, Asia, Pacific, US& Canada regions, but the EMEA Award is the most prestigious of them all.

Ayotunde Coker, managing director of Rack Centre commenting on the award described it as “humbling to be recognised by one’s peers and colleagues in this way”

“We made a commitment”, he said, to run Rack Centre as a world class facility, and according to be best standard with creative and innovative solutions supported by the best people that could establish a new industry in West Africa, and as  a catalyst for the digital platforms that would benefit all Nigerians.

”We are delighted to have won this well regarded award and also that the emerging African Operators are being recognised by the leaders of the industry in Europe …Last year we were the only finalist from Africa and this year, there is Rack Centre and a very interesting project from Djibouti. It shows that African Data Centre industry is emerging and we are delighted to be at the forefront of it.”


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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

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Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Tuesday, March 3, 2026, arraigned two bank officials, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over an alleged $306,667.81 and €50,250 fraud before Justice Ismaila Ijelu of the Lagos State High Court sitting in Ikeja.
EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

EFCC

The defendants, who are both top officials of FSDH Merchant Bank Limited, were arraigned on a 10-count charge bordering on alleged stealing and retention of stolen property to the tune of $306,667.81 and €50,250.
The petitioner, FSDH Merchant Bank Limited, alleged that an internal audit uncovered unauthorized debits totaling $306,667.81 and €50,250, equivalent to N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), from its Letters of Credit (LC) payable accounts.
Investigations revealed that the defendants processed fraudulent transfers through the SWIFT platform to third parties.
One of the counts reads:
“That you, BAKARE OLADIMEJI SURAJUDEEN and JAMES OLUKAYODE IMOKWEDE, sometime in 2021 in Lagos within the jurisdiction of this Honourable Court, dishonestly took the sum of N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), property of FSDH Merchant Bank Limited.”
Another count reads:
“That you BAKARE OLADIMEJI SURAJUDEEN AND JAMES Olukayode Imokwede sometime in 2021 in Lagos within the jurisdiction of this Honourable Court dishonestly took sum of $306,667. 81 (Three Hundred and Six Thousand, Six Hundred and Sixty Seven dollars, Eighty one cents) property of FSDH Merchant Bank Limited”.
The defendants pleaded “not guilty” to all the charges preferred against them.
Following their pleas, prosecution counsel, H. U. Kofarnaisa, asked the court for a trial date and also prayed that the defendants be remanded in a Correctional facility pending trial.
Counsel to the first and second defendants, Oluwaseun Akintunde and Olajide S. Onasanya, informed the court that bail applications had been filed on behalf of the defendants and also urged the court to grant them bail on liberal terms.
They also prayed that the defendants be remanded in the EFCC custody pending the perfection of their bail conditions.
The prosecution counsel, however, opposed the prayers of the defence seeking the remand of the defendants in the EFCC custody, saying that “the EFCC detention facilities are overstretched.”
After listening to both parties, Justice Ijelu granted the defendants bail in the sum of N2 million each, with two sureties in like sum.
The court ordered that one of the sureties must be a relative, who is gainfully employed.
The sureties must provide evidence of tax payment in the last three years and must show proof of livelihood, with their residences verified.
The defendants were ordered to deposit their international passports with the court, and must not travel outside the country without the leave of the court.
The judge subsequently remanded the defendants in a Correctional facility pending the perfection of their bail conditions.
Justice Ijelu adjourned the matter till March 25, 2026, for the commencement of trial.

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AfDB Supports Francophone Africa Start-ups with €6.5M

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The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.

This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.

Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.

The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.

The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.

In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.


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Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

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Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.

Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.

The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.

SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.

The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.

Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.

Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.


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