News
Samsung, Skool Media, & FMoE Partner On Smart School’ Roll-Out
In furtherance to its commitment towards the establishment of digital learning, through the use of technology within the Nigerian educational system, Samsung Electronics West Africa has partnered with Skool Media and the Federal Ministry of Education to digitalize classrooms on the platform of mobile learning across unity schools in Nigeria, providing students with the opportunity to have their classrooms literally put in their palms.
This comes on the wings of a new partnership among Samsung Electronics West Africa, Skool Media and the Federal Ministry of Education to digitalize classrooms across 104 unity schools in Nigeria whereby Samsung tablet devices are paired with relevant and applicable educational content customized with Skool Media content, while also kitting classrooms across these Unity schools with Samsung Electronic Boards, Wireless Printers and wireless connectivity.
The aim of this is to turn classrooms across Nigeria into “Smart classrooms” where learning is practical, fun, progressive and impactful.
Speaking on the new partnership, Charles Ojei, director, Business to Business, Samsung Electronics West Africa, said “This Solution provides tablets for students with relevant and practical educational content hence putting the classroom in the palms of the students. This makes the classroom interactive, collaborative and conducive for students and teachers. The solution also provides security of the device and helps the schools filters contents consumed by students. It makes the device purely for academic purpose.”
Ojei further added that the initiative is a laudable milestone in the Nigerian educational system, giving both teachers control over the classroom and giving students an atmosphere that makes learning easier and more memorable.
Skool Media, an ICT solution based initiative that attempts to redefine the goals of education to transform how learning is practiced each day, and to expand the range of measures in student achievement, all in order to meet the new demands of the 21st Century, has an MOU with Samsung electronics as a Technology Partner to provide Technical expertise as a company that is experienced in the delivery of Educational services and solution.
Commenting on this new initiative, Moses Imayi, project director, Skool Media, said “Our aim is that through this partnership with Samsung and the Federal Ministry of Education, we can promote information, communication and technological development in Nigeria while providing tools for facilitating our process values. The vision is to see the average Nigerian student become familiar and truly comfortable with learning in a digitalized classroom. This we believe will be the beginning of better performing educational system in Nigeria. Through this project, we are building the IT competence of the next generation of leaders and providing employment opportunities to over 200 young Nigerian graduates’’, he added.
He added that a lot of Nigerian students are not familiar with new learning tools such as tablets, electronics boards and even accessing appropriate educational content online and the purpose of this partnership is to change that mindset, both within the students and the teachers.
Representing the newly appointed Federal Minister of Education, Mr. Adamu Adamu, permanent secretary, Ministry of Information, Dr Folasade Yemi-Esan expressed her excitement about the impact this will have on education in Abuja.
She recognized and applauded Samsung’s effort and contribution towards ICT development within the country. “We are indeed grateful to Samsung for tapping into the goal of the ministry of education to train quality teachers. We encourage all beneficiaries of this project to take full ownership of the project and let the improved quality of teaching reflect in our students’ results” she said.
Mrs. Yemi-Esan urged all stakeholders in the education sector to partner with the ministry of education to salvage the country’s educational system. Concluding her remark, she added, “As ICT becomes more and more entrenched in our lives, it is essential that our students are exposed to it, guided by teachers who can use technology to add real value to the learning experience.”
Xora Finance has announced it will no longer consider job applicants from Nigeria.
Xora Finance is a digital bank founded by Joren Lundgren, in February 2026 and allows users to deposit and earn interest on their XRP cryptocurrency.
Lundgren, founder, in an announcement on X (formerly Twitter), cited an ongoing pattern of misconduct, such as dishonesty and theft, from previous Nigerian hires as the reason for the decision.
This sudden blanket ban came just days after the company’s official career page was aggressively recruiting remote workers for marketing and content roles.
The announcement generated heavy backlash online, with many people upset that a blanket rule punishes honest job seekers.
Some lawyers have said that victims of Ponzi schemes have legal remedies, although recovering lost funds and prosecuting perpetrators remain major challenges.
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new participants rather than from actual profits.
Operators lure victims by promising high returns with little to no risk.
The scheme inevitably collapses when the flow of new investors slows down.
Some lawyers who spoke to News Agency of Nigeria (NAN) separate interviews with on Sunday, said that victims could pursue civil actions to recover their money.
Mr Chibuikem Opara, a lawyer at Justification Chambers, Ikeja,said many Nigerians continued to fall victim to Ponzi schemes in spite of repeated warnings.
Opara said it was wrong to attribute participation in Ponzi schemes to a lack of investment opportunities, noting that promoters often exploit investors’ greed through promises of unrealistic returns.
“What you cannot take away is the fact that many Nigerians have fallen and continue to fall victim to these schemes every time,” he said.
According to him, victims may individually or collectively institute civil actions against the beneficiary company for breach of contract or refund arising from failure of consideration.
Opara said victims could also unite to seek an order from the Federal High Court to wind up the beneficiary company.
He, however, noted that such efforts might yield little benefit if perpetrators had already siphoned the funds and left behind an empty shell.
The lawyer said available remedies largely depended on the actions of relevant authorities, adding that recipient accounts could be frozen to facilitate fund recovery and support winding-up proceedings.
Opara said regulators and law enforcement agencies often became aware of Ponzi schemes only after substantial losses had occurred.
According to him, victims frequently failed to report suspicious schemes early enough to enable timely intervention.
He added that funds are sometimes moved outside the country before authorities become aware of the fraud.
Opara also cited inadequate information and the deceptive nature of the schemes as major obstacles to investigation and prosecution.
“Most times, everything about the schemes is made to appear elusive, just like the profits promised to victims,” he said.
Also speaking, Mr Vincent Aminu of A.F. Aminu and Co. advised that victims of investment scams should report such cases to appropriate law enforcement agencies on time.
Aminu said victims could petition the Economic and Financial Crimes Commission (EFCC) or file reports with the police.
He said that after investigation, prosecutors could bring charges against suspects under relevant fraud-related laws, including provisions of the Criminal Code and the Advance Fee Fraud and Other Fraud Related Offences Act.
Beyond criminal prosecution, Aminu said .victims could pursue civil actions to recover their money
According to him, such actions may be based on breach of contract, unjust enrichment, or fraudulent misrepresentation, depending on the circumstances.
He added that victims could petition the Securities and Exchange Commission (SEC), which could investigate illegal operators, shut down unauthorised platforms, and freeze assets.
He identified the anonymity of online fraudsters as one of the biggest challenges confronting investigators.
According to him, many operators concealed their identities through fake digital profiles and technologies that made tracking them difficult.
Aminu also noted that victims who delayed taking legal action risked losing opportunities for redress.
He added that prolonged court proceedings often delayed justice for victims.
“Many fraud-related cases take years before the court reaches a verdict, thereby delaying justice for victims,” he said.
Also, Mr Chris Ayiyi of Ayiyi Chambers, Apapa, described Ponzi schemes as a gamble that benefited early participants at the expense of later investors.
Ayiyi said some early entrants received returns on their investments, thereby encouraging others to join the schemes.
He said the schemes eventually collapsed, leaving late investors to bear the losses
The lawyer called for a complete ban on Ponzi schemes or sustained public enlightenment campaigns against them.
He urged the National Assembly to enact laws that would strengthen regulation and provide greater protection for investors.
According to him, stronger legal safeguards are necessary in a country operating a capital-based economy.
PalmPay Group (“PalmPay”), a multinational fintech company providing digital financial services across high-growth emerging markets, is pleased to appoint Samuel Oluyemi as Chief Operating Officer (“COO”) of its Nigeria practice, effective immediately.
The appointment comes at a pivotal moment for PalmPay as it looks to reach more underserved communities and continuously strengthen the reliability and security of its services. It also comes as Nigeria’s broader financial services sector continues to modernize, bring millions more Nigerians into the formal financial system, and strengthen the cybersecurity and fraud-prevention standards that underpin public confidence in digital payments.
As COO of PalmPay Nigeria, Mr. Oluyemi will oversee PalmPay’s Nigerian operations — where the company provides a full suite of digital financial services to individuals and businesses — and communicate with regulators to ensure the company’s growth happens harmoniously with the country’s financial, digital, and social inclusion goals.
Mr. Oluyemi brings more than two decades of experience at the Nigeria Inter-Bank Settlement System (“NIBSS”). During his tenure as the Business Development Lead, he championed the development of key national payment services — including the Digital Validation of Nigerian International Passport (e-Passport Validation), Electronic Dividend Mandate Management System (“e-DMMS”), and the Electronic Pensions Contribution Collection System (“EPCCOS”) — and played a pivotal role in introducing and driving early adoption of NIBSS Instant Payment (“NIP”), Nigeria’s first online, real-time, inter-bank transfer system in 2011 and its subsequent extension to the Other Financial Institutions (“OFI”) segment of the Nigeria Payments System.
He holds an MSc in Monetary Economics from the University of Ibadan with extensive local and international professional training.
“Samuel joins PalmPay at an important stage in our journey to strengthen the foundations that will support our long-term goal of driving financial inclusion,” said Chika Nwosu, Managing Director of PalmPay Nigeria. “His extensive experience makes him well positioned to help us scale sustainably while maintaining the operational discipline, governance and customer-first culture that define PalmPay.”
“PalmPay has established itself as one of the most impactful fintech companies in emerging markets by making financial services more accessible and affordable for millions of people,” said Mr. Oluyemi.
“I am excited to join the company and look forward to working alongside an exceptional team to strengthen operational excellence and support PalmPay’s vision of building a leading digital financial services platform. Together, we will continue delivering secure, reliable, and customer-focused financial solutions while contributing to the continued evolution of Nigeria’s digital financial ecosystem.”
As Nigeria’s digital financial services sector continues to mature, this appointment reflects a broader commitment guiding PalmPay across all markets it serves: building financial services that are secure, reliable, and effective enough to earn a permanent place in people’s everyday lives.
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