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Tony Elumelu to Deliver Keynote Address at TICAD Africa Development Conference in Japan

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Tony O. Elumelu, founder of the Tony Elumelu Foundation and chairman of the United Bank for Africa (UBA), will speak at the Seventh Tokyo International Conference on African Development (TICAD), taking place in Yokohama, Japan from August 28 – 30, 2019.

 

As the leading champion of entrepreneurship in Africa, Mr. Elumelu will ensure that the voice of a new generation of African entrepreneurs, capable of transforming the continent, is heard at the highest level.

 

Elumelu will speak alongside global and African political and business leaders, including Prime Minister Shinzō Abe of Japan; H.E. Mr. Muhammadu Buhari, President of Nigeria; H.E. Mr. Abdel-Fattah El-Sisi, President of Egypt and Chair of the African Union (AU); H.E. Mr. Cyril Ramaphosa, President of South Africa; and H.E. Mr. Paul Kigame, President of Rwanda.

 

Mr Elumelu will deliver a keynote speech at the Plenary Public-Private Business Dialogue, the core session, that brings together Japanese and African public and private sector leaders at TICAD.

 

At this event, Elumelu will promote his philosophy, Africapitalism, which posits entrepreneurship being the key to unlocking economic transformation in Africa as he highlights the urgent need to empower young entrepreneurs and how critical it is for governments and other policy makers to create the enabling environment that ensures entrepreneurial led growth.

 

Following a welcome address by the Japanese Prime Minister, Mr Shinzo Abe, Mr. Elumelu will deliver the keynote address at the official Business Forum, hosted by the Japan External Trade Organisation (JETRO).

 

The Conference provides a unique platform for key decision makers from Japan and Africa, both in business and politics, to identify opportunities for investment and knowledge exchange.

 

At a time when international governments and agencies are increasingly recognising that the route to Africa’s transformation is through African-led solutions and private sector growth, Mr. Elumelu’s track record of success, founding UBA, now one of Africa’s leading financial services groups, with presence in twenty African countries, New York, Paris and London as well as his multi-sector proprietary investment holding company, Heirs Holdings, employing over 30,000 Africans, typifies a new generation of African business dynamism.

 

Mr. Elumelu during his visit to Japan, will join H.E. Paul Kagame, President of Rwanda and Co-Chair of the Leaders’ Group of Generation Unlimited (Gen-U), and UNICEF Executive Director, Henrietta Fore, to co-chair a UNICEF [and Africa Union] breakfast meeting focused on catalysing investment in African youths and developing a specific vision for job creation in Africa.

 

The event will seek specific commitments from African leaders for the implementation of a business plan for digital connectivity in Africa such as the Tony Elumelu Foundation’s TEF Connect, the largest digital network for African entrepreneurs.

 

Through the Tony Elumelu Foundation, Mr. Elumelu is forging the new narrative for Africa.  In the first five years of the Foundation’s flagship Entrepreneurship Programme, 7,521 African entrepreneurs from all 54 African countries have benefitted from Elumelu’s personal commitment of $100m  seed capital funding, mentorship, and training. Six of the beneficiaries of the Programme have been sponsored to attend TICAD conference, sponsored by the UNDP.

 

Mr. Elumelu will be accompanied by a delegation from the United Bank for Africa and the Tony Elumelu Foundation, including Ifeyinwa Ugochukwu, CEO, Tony Elumelu Foundation; Dupe Olusola, Group Head, Marketing, UBA, and Muyiwa Akinyemi, Group Head Corporate Banking, UBA.

 

Organised by the Japanese Government, TICAD is a three yearly forum for advancing Africa’s development through people, technology and innovation, bringing together government, business leaders, companies and other stakeholders.


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SEC Probes Ponzi Scheme Linked to FF Tiffany

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The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens.

A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira.

The SEC said it viewed the activity as a threat to investor confidence and the overall integrity of the financial system.

The commission assured the public that it was working closely with law enforcement agencies and other relevant bodies to bring everyone involved in the unlawful operation to justice.

According to SEC, those found culpable will be prosecuted in accordance with the Investment and Securities Act and regulatory provisions.

SEC reiterated its earlier warnings to the general public to desist from engaging in Ponzi or unregistered investment schemes that promised guaranteed or exaggerated returns.

“These schemes are not registered with the SEC and do not offer investor protection under the law.

“The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation,” the SEC said.

The commission encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the commission directly through official channels.

SEC said it remained committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.

 


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US Launches ‘Window on America’ @ Ogun Tech Hub

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The Ogun Tech Hub in Abeokuta, Nigeria received a significant step towards increasing digital access and empowering young people as US Embassy in Nigeria launched the ‘Window on America’ facility.

The newly opened centre will offer free high-speed internet, computer access, and targeted programs to help young Nigerians build essential skills in technology, entrepreneurship, and leadership.

In a post on X (previously Twitter), the US Embassy described the hub as a modern ICT and resource centre meant to promote digital inclusion and provide youths with skills.

“Hello Abeokuta! We’re thrilled to announce the opening of the Ogun Tech Hub Window on America. This dynamic space offers free high-speed internet, computers, and programs to help young people gain tech, leadership, and entrepreneurial skills,” the Embassy wrote.

The facility was established in collaboration with the Ogun State and GFA Technologies, a software solutions provider for startups and SMEs.

The Embassy said the facility is part of its wider network of 29 American hubs across Nigeria, designed to empower youth and broaden access to global knowledge and opportunities.

Speaking during the launch, Ogun State governor Dapo Abiodun urged young people to use the ICT industry for self-sufficiency and competitiveness globally.

He lauded the program as a public-private cooperation that connects Nigerian youngsters with global innovations.

The governor said: “The Ogun Tech Hub serves as a collaborative space for technologists, startups, and social entrepreneurs to develop tech-driven solutions for societal challenges. The partnership is aimed at positioning Ogun State as a leading tech hub in Africa, supporting creative problem-solving and commercial innovation.”

With the ‘Window on America’ program fully operational, Ogun State is well-positioned to boost youth empowerment and digital literacy.


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TikTok Removes Over 3.6m Videos in Nigeria, Citing Safety Priorities

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In a demonstration of its ongoing commitment to user safety, TikTok removed more than 3.6 million videos from the platform in Nigeria between January and March 2025, a 50% increase in removals over the previous quarter, for violating its Community Guidelines.
These figures were revealed in TikTok’s Q1 2025 Community Guidelines Enforcement Report, underscoring the platform’s priority of creating a safe, respectful and trustworthy digital environment.
With a proactive detection rate of 98.4%, which is content removed before it was reported to TikTok and 92.1% of videos removed within 24 hours, the report reflects TikTok’s continued investment in innovation, advanced technology, and expert moderation teams to improve enforcement systems that detect and remove harmful content before it reaches audiences.
With millions of positive, educational and entertaining videos uploaded on TikTok every day, TikTok is continually strengthening its ability to identify and remove content that goes against its Community Guidelines. The latest removals report represents a small fraction of the total number of videos posted by the Nigerian community quarterly; highlighting that the platform has more positive and empowering content.
In March 2025, TikTok also removed 129 accounts in West Africa tied to covert operations.
TikTok LIVE
While TikTok LIVE enables creators and viewers to connect, create and build communities together, in real-time, the platform has intensified its LIVE Monetization Guidelines, making it clearer how some content is not eligible for monetization.
LIVE content enforcement also remained a top priority. In the first quarter of 2025, TikTok banned 42 196 LIVE rooms and interrupted 48 156 streams in Nigeria that were found to violate the platform’s community guidelines.
A global system for localised protection
Globally, more than 211 million videos were removed in Q1 2025, up from 153 million in the previous quarter, with over 184 million removed through automation. The platform’s global proactive detection rate reached 99%, demonstrating continued improvements in identifying and removing harmful content quickly and effectively.
Despite these high-volume interventions, harmful content still represents a very small portion of what users post. Globally, less than 1% of content uploaded to TikTok is found to violate its community guidelines, a testament to its continued prioritisation of proactive safeguards.
Bringing resources to Nigeria’s community, together
In June, TikTok Africa hosted its “My Kind of TikTok Digital Well-being Summit” bringing together experts, NGOs, creators, media and industry leaders from across Sub-Saharan Africa, including Nigeria, to collectively explore, tackle, and improve the state of digital wellbeing both on and beyond the platform.
Part of a suite of announcements made at the Summit and building on a successful pilot in Europe, TikTok is expanding in-app helpline resources to Nigeria, in partnership with Cece Yara, a child-centered non-profit organisation prioritising youth safety and support. This means that in the coming weeks, young users in Nigeria will have access to local helplines in-app that provide expert support when reporting content related to suicide, self-harm, hate, and harassment.
Collaborating with experts, TikTok has also announced Nigeria’s Dr Olawale Ogunlana (Doctor Wales) as a TikTok Digital Well-being ambassador, part of a diverse group of verified healthcare professionals from the WHO Fides Network.
Alongside these efforts and commitment to safety, TikTok encourages community participation through user reporting and education. As part of its ongoing #SaferTogether campaign, the platform advocates for a more collaborative approach to creating a respectful online environment.
The Q1 2025 report reflects TikTok’s deepening efforts to safeguard its Nigerian user base, strengthen enforcement systems, and remain transparent about the measures being taken to uphold platform integrity.

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