News
Revealed: How Tech Whistle Blowers Triggered Banking Tsunami

The battery of claims and counter-charges has succeeded in diverting attention from the existence of whistle blowing, a dangerous safety mechanism which triggered the banking tsunami in the first place, Nigeria CommunicationsWeek can now reveal.
Using portable digital technology, whistle blowing, a conscience-based activity has been transformed into a culture as the blowers exploit the anonymity of technology to bring light to the messy insides of the banking balance sheets.
They presented so called “true position” as the banks tried to make their books presentable to both investors and regulatory authorities.
Nigeria CommunicationsWeek gathered that the bulk of evidence and clues provided by the whistleblowers pressured the Central of Nigeria (CBN) to pursue the audit of the first 10 banks to conclusion.
It will be recalled that in a landmark rejig, CBN last month, sacked five banks chief executives including Erastus Akingbola, Intercontinental Bank Plc, Sebastine Adigwe of AfriBank Plc; Okey Nwosu of Finbank; Barth Ebong of Union Bank Plc and Mrs Cecilia Ibru of Oceanic Bank Plc.
In apparent contradiction, the same apex bank had earlier approved the audited account of Oceanic Bank under Ibru.
Critics of Prof. Chukwuma Soludo, former governor of CBN, said that previous whistle blowings were ignored because the environment was marked by fear and intimidation, in which there was alleged conspiracy to cover up incompetency, mistakes, and possibly criminal behaviour.
According to the critics, governance and safety pathways under Soludo were inadequate and inhibited by a poor institutional culture.
Nigeria CommunicationsWeek however gathered that the challenge of whistle blowing under Sanusi Lamido Sanusi, governor of CBN is how the industry could benefit from those individuals whose criticism, when well founded and addressed, leads to significant improvements.
For instance, the activities of the blowers and banking tsunami present economic safety and professional challenges to the country.
Expert said that there should be a framework to encourage whistle blowing as it will help to save a lot of situations.
They also call on the CBN to articulate a clear policy of whistle blowing by incorporating the process of protecting the blower against related attacks.
The greatest whistle-blower of all time is Mark Felt, a former number two at the FBI, who with Woodward and Bernstein, Washington Post reporters, changed American political history.
But there have been other whistle-blower cases that altered the political landscape.
In 1971, with Vietnam raging, military analyst Daniel Ellsberg leaked classified documents to the New York Times. "The Pentagon Papers," as they were called, revealed that nearly everyone in the Pentagon and state department knew that the U.S. had no realistic chance of winning the war.
The story fuelled anti-war protests and added to the public pressure that pushed the Nixon administration towards peace talks. As for Ellsberg, because of administration misconduct against him, charges of theft and espionage were dropped.
News
NITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth

The National Information Technology Development Agency (NITDA) has reinforced its commitment to advancing Nigeria’s digital transformation agenda through strengthened collaboration with key strategic institutions, as it hosted the Director General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior Executive Course (SEC) 48, 2026.

The visit, which builds on an earlier strategic study tour, provided a platform for in-depth engagement on the role of digital innovation in driving sustainable economic growth, with particular focus on the Orange Economy.
Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Director of Stakeholder Management and Partnerships, Dr Aristotle Onumo, highlighted the Agency’s commitment to fostering a vibrant digital ecosystem through inclusive policies, strategic partnerships, and capacity development initiatives.
“NITDA is committed to creating an enabling environment where innovation can thrive by bringing together government, private sector, academia, and creatives to drive Nigeria’s digital economy,” he stated.
Inuwa underscored the growing importance of the Orange Economy, describing it as a critical driver of innovation and economic value through intellectual property. He identified sectors such as digital content creation, film, animation, and digital art as key contributors to national development.
“The Orange Economy represents a powerful opportunity to transform our rich cultural heritage and creativity into sustainable economic growth,” he noted.
He further highlighted Nigeria’s unique advantage, particularly its youthful and creative population, while calling for stronger collaboration among stakeholders to fully harness the sector’s potential.
“With our youthful population and rich cultural assets, Nigeria is well-positioned to become a global leader in the Orange Economy if we deepen collaboration and investment across the ecosystem,” he added.
During the engagement, NITDA also presented its strategic initiatives aimed at supporting the digital and creative sectors, including digital infrastructure development, promotion of digital literacy, and implementation of policies that enable startups and innovators to scale.
Addressing challenges facing the sector, Inuwa pointed to issues such as limited access to funding, infrastructure gaps, weak intellectual property protection, and ecosystem fragmentation, while emphasising the need for coordinated action.
“Addressing challenges such as funding gaps, infrastructure deficits, and intellectual property protection is critical to unlocking the full potential of Nigeria’s creative economy,” he said.
The Agency reiterated its target of achieving 70 per cent digital literacy by 2027, noting that ongoing programmes are equipping millions of Nigerians with essential digital skills, including those in underserved and informal sectors.
In his remark, Professor Omotayo described the visit as an important opportunity to deepen understanding of how digital technologies are reshaping economic sectors, particularly the creative industry. He noted that the insights gathered would contribute significantly to policy recommendations aimed at strengthening Nigeria’s economic framework.
Participants of the SEC 48 programme engaged actively during the session, raising questions on capacity development, access to tools, and frameworks for protecting digital content. NITDA highlighted its ongoing collaborations with industry stakeholders to provide training, innovation hubs, and access to digital tools for young Nigerians.
The engagement concluded with a renewed commitment from both NITDA and NIPSS to strengthen collaboration in research, policy development, and capacity building, aimed at positioning Nigeria as a globally competitive force in the digital and creative economy.
News
NRS Takes Over Mineral Royalties Collection Under New Tax Laws

Nigeria Revenue Service (NRS) has assumed responsibility for collecting mineral royalties from mining operators nationwide, following new tax laws effective January 1, 2026.

NRS
The shift emerged from a Thursday meeting between Solid Minerals Development Minister Dele Alake and NRS Chairman Dr. Zacch Adedeji. Their joint statement, endorsed by both, confirms NRS now administers all federally collectible revenues, including royalties.
Enacted by President Bola Tinubu on June 26, 2025, the Nigeria Tax Laws 2025 empower this transition. The Ministry of Solid Minerals Development remains a key partner, supplying pricing data, geological insights, and sector coordination.
NRS Special Adviser Dare Adekanmbi’s statement outlines collaborative steps: a nationwide sensitization program for operators on filing and payments; development of a digital royalty system; and regular joint technical sessions to address issues.
Both agencies pledge orderly, transparent implementation to boost the mining sector. Operators must comply with obligations and join upcoming programs.
The move aims to streamline revenue collection while fostering mining growth.
News
Microsoft Revamps Copilot in Workplace AI Push

Microsoft has rolled out a new set of features for its Microsoft 365 Copilot platform, including tools for complex, multi-step work and deeper research tasks, as competition in workplace artificial intelligence (AI) intensifies.

The update introduces Copilot Cowork, a capability aimed at handling long-running tasks across Microsoft 365 applications.
The feature is being made available through the company’s Frontier programme, which typically gives early access to experimental tools.
Microsoft is also integrating technology linked to Claude – an AI model developed by Anthropic –into Copilot, signalling a broader shift toward using multiple AI systems within a single product rather than relying on a single model.
Jared Spataro, chief marketing officer for AI at Work at Microsoft, says the company is positioning Copilot as a system embedded directly into workplace software, rather than a standalone tool.
“Microsoft 365 Copilot is your AI for work,” he says, adding that it draws on multiple AI models and is integrated into existing workflows.
Alongside this, Microsoft has upgraded its Researcher feature, which is designed to analyse information from multiple sources and generate structured reports.
A new “Critique” function separates the drafting and review process between different AI models – one generates an initial response, while another evaluates and refines it.
The company says this approach improves output quality, with Researcher showing gains on its internal benchmark for accuracy, completeness and objectivity.
Another addition, called Model Council, allows users to compare outputs from different AI models side-by-side, highlighting differences in responses and reasoning.
The updates form part of what Microsoft calls “Wave 3” of Copilot, as it pushes to embed generative AI deeper into enterprise software. The move reflects a wider industry trend towards combining models from multiple providers, including OpenAI and Anthropic, to improve performance and reliability.
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