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UNILAG, Ecobank Partner to Promote Entrepreneurship among Youths

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Prof. Oluwatoyin Ogundipe, vice chancellor, University of Lagos has commended Ecobank for its consistent support for the promotion of entrepreneurship among students and youths across the country.

The Vice Chancellor, who was speaking while receiving Ecobank Management in his office ahead of the Investment Society, UNILAG Colloquium, said that the university would collaborate with the bank on such initiatives, stressing that partnership between operators in the financial sector and the academia in raising budding entrepreneurs would bring the much-needed development of the nation’s economy.

In particular, Ogundipe lauded Ecobank for partnering with The Investment Society – UNILAG, an association set up by some undergraduate students of the school to share and expand their knowledge of finance and consulting towards entrepreneurship.

He noted that such support was in tandem with the vision of the academic to raise self-reliant graduates rather than job seekers.

He announced that a University of Lagos Economic Summit has also been planned in this direction.

“We are glad to have you and your team here. Your financial support and physical presence in this Colloquium are clear indications that you are interested in building young entrepreneurs which also aligns with our vision as a university.

“Ecobank has been our good partner. We appreciate your support on some of our various programmes over the years.

“This is also an opportunity to seek your partnership for our up-coming Economic Summit and NUGA games. We seek stronger ties in this direction of raising young entrepreneurs,” he said.

Professor Ogundipe who reeled out some achievements of the institution, stated that only recently two of their lecturers won a combined sum of £1.2m (over N485m) as a research grant for the development of integrated solutions that would maximise employment opportunities and enhance the future of work in Africa.

Patrick Akinwuntan, managing director, Ecobank Nigeria, in his response, restated the commitment of the bank to partner with tertiary institutions in the country on initiatives that would enhance and promote entrepreneurship, scholarship and conducive learning environment across the country.

He assured that Ecobank would partner the University of Lagos on its planned Economic Summit and other initiatives that would widen the students’ entrepreneurial scope.

Akinwuntan reiterated that Ecobank, as a Group was committed to contributing to the economic development and financial integration of Africa, noting that Ecobank offered a natural advantage with its unmatched pan-African banking competencies, built up over the last 25 years.

“We are marshaling our impressively broad presence, our proficiency and our performance to support Africa’s development.

“We will continue to play a pivotal role as a pioneer in financial integration and inclusive banking in Arica.

“We operate in 36 countries in Africa with representative offices in Paris, Beijing, Dubai, Johannesburg and London.”

Furthermore, he said “we have made many pioneering achievements, many “firsts’ across various products and platforms in the Nigeria.

“We are the first to issue an international credit card in Nigeria – Ecobank MasterCard in 2004; pioneers in mobile banking with USSD *326#; first to offer QR code scan and pay (EcobankPay) which accepts payments from other platforms – mVisa, Masterpass and mCash; first to offer instant cards and so on.

“We have several youth friendly products and array of digital offerings that offer payment and transaction solutions.”

In his address at the Colloquium, Akinwuntan commended the students for coming together to form an association that would prepare them for the future in finance, investment and entrepreneurship, stating that Ecobank as a youth friendly Bank was committed to helping them achieve their goals and aspirations.

Akinwuntan, who was the Chairman of the event further advised the students to have set out goals and map out steps to actualizing them.

“As a Bank, we set out to support you because we believe in your vision and are prepared to assist you achieve it.

“As the future leaders of tomorrow, I challenge you to be innovative, resilient, be dedicated to your goals. You must have self-belief , the right mindset and be ready to dare to achieve the right results.”

Timileyin Idowu, president, the Investment Society, UNILAG, said the Colloquium was organized to provide a holistic platform for the smooth exchange of ideas among established and widely renowned professionals who have vast knowledge and experience in the investment and finance industry and the students.

While commending Ecobank and other sponsors of the event, she explained that the choice of the theme: ‘Driving investment in Africa through innovation and leadership’ and selection of facilitators were targeted at exploring how innovation and right leadership can attract investment to Africa and Nigeria in particular.

 


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Stanley Amandi, Nollywood Actor Arrested over Alleged Coup Plot against Tinubu

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Stanley Amandi, veteran Nollywood actor and filmmaker, has been arrested by the Nigerian military over his alleged role in a foiled coup plot to overthrow President Bola Tinubu’s government, according to an exclusive report by Premium Times.

Stanley Amandi, Nollywood Actor Arrested over Alleged Coup Plot against Tinubu

Stanley Amandi, Nollywood Actor

The filmmaker, also a former chairman of the Actors Guild of Nigeria (AGN) Enugu State chapter, was reportedly detained in September 2025 alongside several military officers accused of planning a violent overthrow, including potential assassinations of top officials, according to the newspaper’s sources.

Reports indicated that the coup plotters planned to wholesale assassination of top government officials including President Tinubu, Vice President Kashim Shettima, Senate President Godswill Akpabio, and Speaker of the House of Representatives Tajudeen Abbas, among others.

On Monday, the Defence Headquarters confirmed the plan to illegally oust the Tinubu administration, saying the indicted officers will be arraigned before military judicial panels.

In its statement, the Defence Headquarters said the investigation has been completed and forwarded to “appropriate superior authority in line with extant regulations.”

According to the military, the investigation was “comprehensive” and conducted in line with established procedures, examining “all circumstances surrounding the conduct of the affected personnel.”

The military disclosed that the findings identified “a number of the officers with allegations of plotting to overthrow the government,” describing such conduct as “inconsistent with the ethics, values and professional standards required of members of the Armed Forces of Nigeria.”

Mr Amandi has featured in many Nollywood movies and is known for his work as an actor, production manager and director.

His notable works include “The Album,” where he served as director; “Tiger King,” where he also served as director and produced in 2008; “Cornerstone,” produced in 2019; and “Once Upon a Dream,” in which he appeared as an actor in 2024.

Mr Amandi’s last Instagram post was on 19 September 2025, shortly before his arrest.


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Firms Commit to Boost African Robotics Market

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AfricAI and Micropolis Robotics have signed a multi-year exclusive distribution and deployment agreement, which marks one of the continent’s most significant robotics market entries.

Micropolis AI Robotics is a United Arab Emirates-based robotics manufacturer operating in autonomous systems, while AfricAI is a company building practical, revenue-driven artificial intelligence (AI) systems for African businesses, governments, and global partners operating in emerging markets.

According to the agreement, Micropolis Robotics named AfricAI as its exclusive continental partner, prohibiting direct sales, alternative distributors, and third-party agents from operating in the territory.

The partnership establishes AfricAI as the primary execution, localisation, and go-to-market platform for intelligent robotics in Africa’s industrial, security, logistics, and infrastructure sectors.

AfricAI said this exclusive mandate positions the company as the gateway for advanced autonomous systems entering African markets, ensuring regulatory compliance, local capacity building, and sovereign control over deployment frameworks.

The partnership, according to the two parties, moves beyond software- based AI into the realm of physical AI — intelligent machines capable of operating in complex, real-world African environments.

“This is not a collaboration, it is a market-shaping mandate,” said Fareed Aljawhari, CEO of Micropolis Robotics. “AfricAI now represents the exclusive gateway through which Micropolis technologies enter Africa. Their sovereign AI vision, operational reach, and regulatory fluency make them the only partner capable of executing at a continental scale.

Furthermore, the agreement enables AfricAI to integrate Micropolis’ autonomous robotics systems with AfricAI’s sovereign AI stack, resulting in AI-powered security and surveillance platforms, robotics-enabled logistics and port operations, industrial automation, smart infrastructure, and municipal robotics tailored to African operating conditions.

Initial deployments will commence in security, smart infrastructure, and logistics, with phased expansion across multiple African states as part of AfricAI’s broader continental AI, data, and intelligent infrastructure strategy.

The agreement also includes long-term performance-linked expansion rights, automatic renewals, and a defined localisation framework to support robotics deployment, workforce training, and skills transfer across Africa.

Prince Malik Ado-Ibrahim, executive chairman of AfricAI, said: “Africa does not need imported automation — it needs sovereign, context-aware intelligent systems. This exclusive mandate allows AfricAI to industrialise robotics deployment at scale while retaining control, compliance, and value creation on the continent.”

 


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Subair: LIRS Won’t Raid Accounts – Unless You’ve Lost Every Court Battle

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Lagos State Internal Revenue Service Executive Chairman Ayodele Subair Tuesday demolished online panic over alleged bank account raids, insisting the agency’s “Power of Substitution” targets only hardcore tax dodgers who have exhausted every appeal from tribunals to the Supreme Court over half a decade of disputes.

Subair: LIRS Won't Raid Accounts – Unless You've Lost Every Court Battle

Ayodele Subair

Subair, speaking on Arise TV, shredded viral fears that LIRS would swoop on residents’ savings without warning, clarifying the mechanism under Section 60 of the Nigeria Tax Administration Act 2025 kicks in solely after assessments spark objections, reconciliations, demand notices, and a gruelling courtroom odyssey through High Court, Court of Appeal, and apex rulings.

The LIRS weekend notice had ignited fury by announcing enforcement via third parties – banks, employers, tenants, debtors – to claw back unpaid Personal Income Tax, Capital Gains Tax, Stamp Duties, and Withholding Tax from chronic defaulters holding funds or owing money to them, whether due now or accruing later.

Subair likened the process to a “long timeframe, not less than five years,” where recalcitrant bigwigs who stonewall every step become fair game, with LIRS directing agents like customers or partners to divert payments straight to the taxman in lawful settlement.

Far from arbitrary grabs, the chairman stressed it’s a final resort for “entirely recalcitrant” holdouts who ignore Notice of Refusal to Amend (NORA) and every olive branch, ensuring Lagos coffers snag rightful revenue fuelling the state’s bulging budget without shotgun raids on compliant payers.

As social media buzzes with defiance – “They can’t touch my account!” – Subair’s blueprint spotlights Nigeria’s tax evasion scourge starving subnationals of trillions yearly, with Lagos alone chasing billions in arrears amid federal revenue wars and economic headwinds squeezing the commercial capital’s 25 million souls.

Industry voices nod to the legality but plead for digital dashboards tracking disputes transparently, warning overzealous recovery could spook investors in Africa’s fintech and startup mecca already reeling from naira nosedives and grid glitches.

With LIRS poised to unleash the hammer on vetted violators, Subair’s clarion call aims to separate myth from muscle, bolstering Lagos’ IGR juggernaut that hit N815 billion last year while daring defaulters to test the full judicial gauntlet before crying foul.


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