General News
Sheriff Opens Up on Boko Haram, Says Chad Has Solution

Senator Ali Modu Sheriff, former governor of Borno State, has opened up on what he knows about the Boko Haram insurgents currently ravaging states in the northeast and some other parts of the country, while disclosing that only the neighbouring Republic of Chad could help solve the menace.
Sheriff, while speaking in a BBC Hausa Service magazine programme (Gane Mini Hanya), yesterday, revealed that the radical religious sect actually started in Yobe State in 1992, and that he has been trying to find a lasting solution to it, including talking to the Chadian government.
He denied reports saying that Boko Haram started during his tenure as governor of Borno State between 2003 and 2011.
But it would be recalled that when the #BringBackOurGirls campaigners visited the Chadian embassy in Abuja recently to find out the connection between Chad and the Boko Haram insurgents, the ambassador had said that his government had no connection to the sect.
The ambassador also alleged that if there was any person that should be held responsible for this problem, it should be the Nigerian government which had repeatedly claimed to know where the Chibok girls are being kept.
When the ambassador was queried on the alleged report of the botched ceasefire deal, which was celebrated across the country and handled by the Chadian President, Idriss Déby, and the report that Mr Mahamat Bichara Gnoti, a close associate of the Chadian president, was reported to have been apprehended on the Chadian-Sudan border with 19 SAM2 missiles he allegedly purchased from the Sudanese army for Boko Haram terrorists, the ambassador noted that he only read about the news on the pages of newspapers just like other persons.
But the former governor, who is also at the centre of a controversy surrounding the sponsorship of the Boko Haram insurgency, following claims by an Australian negotiator, Steven Davis, that he and a former chief of army staff, General Azubuike Ihejirika, were allegedly backing the insurgents, said Chad could help in solving the issue.
He alleged that the Borno State government was responsible for the orchestrated plot to frame him up with the Boko Haram sponsorship allegation in order to defame his character.
Keeping mute on how Chad could possibly help in solving the problem, Sheriff added that since he is one of the few politicians that has benefitted greatly from the kindness of Borno State, as such he is doing whatever it is to help solve the insurgency.
“Nothing preoccupies my mind in Nigeria presently like the return of peace in Borno. When Borno State was peaceful, there was no place I cherished to stay in the world like Maiduguri. I, my friends, my confidants, my parents and all the schools I attended are in Maiduguri.
“Therefore, I am more concerned than anybody in this country, because what Borno State did for me has not been done to any other indigene. You know, in Borno State, a governor has never been re-elected apart from me; in Borno State, no senator has ever been elected thrice apart from me. So, Borno people have done everything for me, and there is no one in this world that I know other than Chad, which I think could help Borno,” he said.
On his belief that he was being framed, Sheriff said: “They defamed my character, and when they started it, I once told journalists that it was plotted in Maiduguri. We know the plotters, their motives, and that by the grace of God, the truth will prevail; and now, the arrested impostors have said it all to the world.”
The former governor alleged that the current Borno State government’s connection with plot to defame him became glaring when the government quickly came out to disown one of the impostors, Junaid Idrissa Khadi, who was until four months ago a special adviser to Governor Kashim Shettima, but rather said Khadi remained his (Sherrif) known associate because he had earlier served his government before Shettima engaged him allegedly under pressure from him.
“This is nonsense. If I had forced him (Khadi) on them, then why will he connive with a Whiteman to implicate me, that I am a Boko Haram member? If at all I helped him to be engaged, then he won’t implicate me…and I have instructed my lawyers to file charges,” he said.
It could also be recalled that President Goodluck Jonathan had on two occasions visited the Chadian President Idriss Derby, in September and November this year, towards finding a lasting solution to the insurgency problem.
Jonathan however came under attacks from individuals and the opposition All Progressives Congress (APC) after it was discovered that Sheriff was part of the high-level meeting between him and his Chadian counterpart in September. Their anger was predicated on the fact that the former governor was at that time accused by Davis of allegedly sponsoring Boko Haram.
Sheriff, who lauded the federal government’s counter-insurgency effort in the interview, however, denied the insinuations that the Boko Haram started during his tenure as governor.
“This is not true. The Boko Haram issue did not start during my tenure. If you don’t know, let me educate you today. Boko Haram started in 1992 at Kalama in Yobe State, and at that time, I was not a governor. So, if anybody tells you it started during my tenure, he may be part of my traducers. But the truth is that it didn’t start during my tenure,” he added.
Meanwhile, the Borno State government, through Governor Shettima’s spokesman, Isa Gusau, has denied any government-sponsored plot to tarnish the image of the former governor, saying the government in Maiduguri was only concerned with the weighty allegations against Sheriff as an indigene of the state.
He also added that the incumbent state governor has nothing to gain from Sheriff’s predicament.
Gusau, in an interview with the BBC Hausa Service yesterday, said: “Governor Kashim Shettima has nothing to gain from the allegation against Ali Sheriff. In fact, to him, it is even shameful that a Borno State indigene, whom the governor has interacted or is connected with, is linked to what is happening. So, Governor Shettima’s connection with this saga is unnecessary.”
General News
Top Nigerian Startups Secure Funding Boost @ iHatch Demo Day Awards

Nigeria’s startup ecosystem received a fresh injection of momentum as top emerging ventures secured funding and investor attention at the iHatch National Demo Day, where Interface Africa clinched the highest prize of $15,000.

The 4th cohort of the NITDA–JICA-backed accelerator brought together founders, policymakers, and venture stakeholders in Abuja, showcasing innovations ranging from clean-energy financing and digital food marketplaces to next-gen fintech tools.
The startups went rounds of running through state-level selections and regional competition. iHatch was established in 2021 as a strategic partnership to create an enabling environment for young Nigerians to develop and scale their innovative solutions.
The iHatch National Demo Day (4th Cohort), is an initiative by NITDA and JICA which provides a clear pathway for homegrown talent to contribute significantly to economic diversification and digital transformation.
After rigorous selection processes, the top founders converged to pitch their innovations, recognised the standout performers, which are:
Interface Africa with $15,000, the firm is driving Nigeria’s clean energy transition by enabling structured and affordable solar financing.
Ahioma with $12,000, the firm enhances food accessibility with a digital marketplace connecting consumers directly to trusted vendors.
Linia Finance with $10,000, the firm is helping Nigerians take control of their finances with tools for budgeting, tracking, and smart money planning.
Chapta got a laptop reward. They delivering an offline-capable school application ensuring consistent, accessible learning for students everywhere.
Softdrop also got a laptop reward, they solve logistics challenges through a modern delivery platform designed for speed, convenience, and efficiency.
General News
Fidelity Bank to Host Virtual Masterclass on New Tax Law

Fidelity Bank Plc, a leading financial institution, will host a free virtual training on the Nigeria Tax Act 2025 (NTA) as part of its commitment to helping small businesses prepare for the upcoming legislation.

Fidelity Bank
The masterclass is scheduled for 10:00 AM (Nigerian time) on Friday, 12 December 2025. It will provide participants with clear insights into changes in the tax framework, the impact on income and business operations, and practical steps to avoid penalties in 2026.
Attendees will also learn strategies to stay ahead in an evolving regulatory environment.
The Nigerian government enacted major tax reforms on 26 June 2025 when President Bola Ahmed Tinubu signed four tax bills into law.
These Acts will take effect on 1 January 2026 and represent a significant overhaul of the country’s tax system.
The reforms aim to modernize and harmonize Nigeria’s tax framework, improve revenue generation, broaden the tax base, and create clearer rules for individuals, businesses, and government agencies.
“Our decision to host this masterclass reflects our commitment to empowering businesses with the right information ahead of the commencement of the new tax regime.
“Information is money and a well-informed business owner is already steps ahead in the race to success.
“This is why we are bringing experts to provide accurate details and demystify the tax act,” said Osita Ede, Divisional Head, Product Development, Fidelity Bank Plc.
Interested participants can register via https://bit.ly/2026TaxLawMasterclass .
General News
PalmPay MD Seeks Deeper Financial Inclusion @ CeBIH Annual Conference 2025

PalmPay, Nigeria’s leading digital banking platform, has renewed its commitment to deepening financial inclusion across the country. At the CeBIH Annual Conference 2025, themed “Reimagining Financial Inclusion through Cultural Shifts in Consumer Credit,” PalmPay’s Managing Director, Chika Nwosu, urged industry players to deepen financial inclusion by embracing community-aligned solutions and customer-centric innovations that can better serve Nigeria’s underserved and unbanked populations.

Speaking during a panel session titled “Social Inclusion, A Veritable Tool for Financial Inclusion,” Chika Nwosu joined other industry leaders to share insights on strengthening participation among women, rural dwellers, low-income earners, and other financially excluded groups.
Chika Nwosu highlighted PalmPay’s commitment to inclusive finance through its 500,000-strong agent network, which enables seamless cash-in/cash-out services for unbanked users across Nigeria. He also emphasised the importance of PalmPay’s USSD platform, 861#, which allows users with basic phones or limited internet access to perform essential financial transactions.
“Financial inclusion goes beyond access; it must be equitable and tailored to real-life needs,” Chika Nwosu said. He shared how PalmPay leverages behavioural insights to design impactful services, including affordable health insurance, reliable bill payments, merchant solutions, and automated savings features that support financial discipline among users.
The session further examined the role of grassroots agents and community touchpoints in driving last-mile adoption. Chika Nwosu noted that PalmPay’s widespread community presence continues to build trust and encourage excluded populations to embrace digital financial tools.
The session was moderated by Ronke Kuye of the CeBIH Advisory Council and featured representatives from E-Doc Online, SmartCash Payment Service Bank, SANEF, and EFINA.
PalmPay reaffirmed its commitment to driving accessible, secure, and inclusive financial services for all Nigerians. PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.
PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.
Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.
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