General News
We Started e-learning Programme Without Assistance- Hussain
Professor Lateef Akanni Hussain, vice chancellor, Lagos State University (Lasu) in his vision to turn Lasu to an ICT hub set up Information and Communications Technology (ICT) committee on campus since October 2005 to stoke the fire of realizing this dream. Three years after, Lasu has proudly become one of the leading universities in Africa on ICT.
The vice chancellor spoke to Emeka Okafor on the institution’s ICT initiatives and other issues.
Lasu as an ICT haven
ICT is the world now. So whoever does not have such an inspiration is apparently not in the world. That is the way I will consider that.
ICT Developments in Lasu
Well, if you allow me, I may not be able to recall all, but the person that might be strict enough to tell you the detail could be the chairman of ICT, Professor Tunde Fatunde. If you care, you may like to go and see him. Essentially and broadly speaking, you might put it in three ways. We have tried to bring IT into the payment of fees, into the registration by students and preparation of results. With that background, if you look at payment of fees now, we used to have a lot of problems with cheating.
Somebody paying N200 and adding another zero making it two thousand naira or somebody taking money from someone in order to help that person by giving the person who has paid N20 the receipt of N2000. When the vice chancellor resumed duty, there were many of such cases. All you can say nowadays is that those ones have gone. It is now electronic payment. You go to the bank, you pay your money, it appears in the balance of the bank. It also appears on our computer system and we can reconcile and issue official receipt to cover that payment through electronic means.
At registration, we do not like this old idea of students queuing up for hours upon hours. You can now register your course in Lagos State University at any time and from anywhere in the world. That is what we have achieved by online registration. But as far as the vice chancellor is concerned, the greatest contribution of ICT is the idea that results can be produced using ICT and be output almost immediately on the internet. Any Lasu student can go to the internet and check not only his result, but for his other colleagues. Those are the highlights.
International Donations towards ICT Development
We are not interested in that for one major reason. We wanted to make do with what we have. So whatever we have been able to generate internally has been used for paying for the hardware and as far as the computer programmes are concerned, of course, we do not want to buy any computer programme written by any body. We thought we could use that one to train our students. The vice chancellor is proud that whatever computer programme that is being used in Lagos State University has been written by the students of Lagos State University. We put the students to task in particular the heroic girls and boys from the Faculty of Engineering who have dominated the core of students writing our own computer programmes. So, no contribution from external sources. Everything has been in-house, a sort of self development.
Total Expenditure on ICT
This is a common question many people have asked me. I would not know. May be the bursar may decide to give us the amount now. Every nook and cranny of Lagos State University has at least one laptop and one desktop .As for our ICT centre; we must have at least one hundred and fifty computers. All these things were not bought the same time. So I would say well, well hundred million naira. People are asking did you borrow. For umpteenth time people have asked that question and it is a very good question. We may even now go back and see how much we have even spent. But all of these, we have not borrowed not given out. Of course we acknowledge the donation of Zenith Bank that donated a full ICT centre even with broad band, which is in addition to what we too have been able to do by ourselves
Lagos State Government and ICT
Lagos state government role is not only on ICT but, also in all facets of life of Lagos State University. I am happy today that the state has given us a complete independence. The governing council of Lagos State University is fully in charge of Lagos State University. Whatever assistance we get from Lagos State Government normally comes from the governing council. But Lagos State government has been remarkably not interfered at all in the way the governing council has been running the university at least since I became the chancellor.
New Horizons and Training of Lasu Undergraduates
Well, we have a problem. Our plan was to get our engineering students not only to take a degree in engineering but at the same time carry along with them some recognized certifications- Microsoft, Oracle and so on but they were looking at it from the point of extra payment and will not do it free of charge. So, we have to tell them that to get a degree in engineering and also get a certification is the ideal thing for the entire world. We understand that they are now being convinced. But in recent time, Lagos State University has had some luck, New Horizons was going to charge Lasu for even bringing a mast into Epe but Lagos State government has in several other things they are doing installed a mast at Epe, not only to serve Lasu but other people.
And so, we can as well call New Horizons that the bill must go down now. After all, you are no longer going to bring a mast to our Fpe campus. So what we expect from that is that the cost of these Oracle, Microsoft or Dell and so on and so forth may fall.
Expertedge and E-learning Proposal
We are looking into that but please, bear in mind that I have already mentioned that we always like to look inwards. As I am talking to you now, we too have our own programme of e-learning ready without any assistance from anywhere. It is not that we are being arrogant, it is just that we want to learn all these things from the basics and we don’t want to continue to depend on A or B. We are looking at the agreement with the company but we are also ready in our own e-learning programme.
ICT Park for Lasu
Well, we are hoping to partner with first of all HP and IBM Africa. In fact, we are about to start a Cisco academy. All these things are just coming up so we don’t know exactly what we arrive at finally but we believe the first one is Cisco Company in Lasu for anybody either our students or outsiders who want to obtain a Cisco certification will need to come into Lasu.
School of Engineering
If you want to call it a breakthrough, the breakthrough is that we are sure now and people are asked to prove us wrong that all our engineering courses are now accredited. We are proud of the staff at Epe. We are being told by people who came to accredit us that it may be the only engineering faculty with latest text books in engineering. It is there at Epe.
Concerning new equipment, we may be the only engineering faculty with new equipment. So I go back again to thank the governing council that magnanimously gave an outright grant of one hundred million naira to the faculty of engineering at Epe and at the same time, an outright grant of forty million naira to School of Communications at Surulere. If you go to Surulere now, you find a fully equipped television studio, a fully equipped radio station; we are waiting for the license of the radio from the presidency. We are proud of what the governing council has done for us.
ICT in Lasu and other Universities
What we are told is that we need to do more. In fact, the vice chancellor will be addressing a meeting of deans, directors and professors tomorrow. We need to put on our website the profile of all members of staffs. They say we are the first among State Universities but it is not enough. There’s still a long way to go and we are not resting on our oars.
Next Phase
Well, what we are going to see in a few months more is a full fledged virtual library. It is almost ready so it will be possible for our Lasu students to go into our virtual library, read any textbook, from any where in the world. That is our most immediate aim. But beyond that, we are hopeful that we can even deliver lectures by multimedia so lecturer must be in your class physically. It will have been recorded and demonstrated. Anybody could just walk into the class and pick the lecture.
General News
Payaza Secures Dual Credit Rating Upgrades, Expands Footprints in Africa

Payaza Africa, a payments infrastructure company in Africa, has strengthened its market position with two major rating milestones.

While rating firm, DataPro upgraded Payaza from A to AA-, Intelligent Africa upgraded the fintech firm to an A- investment-grade credit rating.
A statement by the company said the recognition, which marks its fourth credit rating, further validates Payaza’s financial strength, operational discipline, governance standards, and long-term strategic direction.
“The latest ratings build on Payaza’s growing track record of institutional credibility, reinforcing confidence in its business model, performance, and resilience. Together, they position the company as a stable, future-ready player within Africa’s financial services ecosystem and a brand with increasing relevance in the global fintech space,” the firm said.
Commenting on the feat, Seyi Ebenezer, chief executive officer of Payaza Africa, said: “This milestone is a strong affirmation of the work we have done to build Payaza on a foundation of discipline, trust, and long-term value creation. Receiving our latest rating sends a clear message that Payaza is not only growing, but growing with strength, structure, and sustainability.
“For us, this is bigger than recognition. It reflects our commitment to building a world-class institution that can compete globally while continuing to serve businesses and consumers across the continent with excellence.
“Over time, our ratings journey has reflected more than strong financial performance. It speaks to a business built on disciplined execution, prudent management, and the ability to scale responsibly in a dynamic market. This has helped us stand out not only as an innovator in digital payments but as a maturing financial institution with the operational depth to compete globally.
“These new ratings are expected to further strengthen Payaza’s standing with investors, regulators, partners, enterprise clients, and the wider financial community. In a sector where trust, resilience, and compliance are increasingly central to long-term success, independent ratings remain a powerful endorsement of a company’s ability to manage risk, meet obligations, and sustain growth,” he said.
Beyond the ratings, Payaza is also expanding its innovation footprint with the introduction of “Chat and Pay by Payaza,” a new payment feature that enables merchants accept payments and generate receipts for their customers directly from WhatsApp.
The company is also rolling out a new storefront solution for business owners, called Shopaza. The platform enables business owners and merchants to sell products and collect payments with greater ease. These additions reflect Payaza’s continued focus on building practical, accessible tools that simplify commerce for businesses and consumers alike.
With its latest ratings and new customer-focused solutions, Payaza is reinforcing its role as one of the brands helping shape the next chapter of trusted financial infrastructure in Africa and beyond.
Payaza is a leading payment infrastructure company providing seamless solutions for collections, payout, and embedded financial services. The company is focused on building reliable, scalable, and trusted payment systems that support businesses and drive financial access globally.
General News
EFCC Declares Tejuosho, City Boys Movement’s Women Leader Wanted over “419”

Economic and Financial Crimes Commission (EFCC,) has declared Halimat Adenike Tejuosho, a women leader of the City Boys Movement, wanted.

Halimat Adenike Tejuosho,
A notice issued by the EFCC on Monday via X said Tejuosho has been declared wanted over an alleged case of obtaining money by false pretence.
The notice was signed by Dele Oyewale, head of Media and Publicity for the EFCC.
The anti-graft agency called on members of the public with useful information about her whereabouts to contact any of its offices nationwide.
The Commission also urged the members of the public to reach out via its official phone lines or email, or report to the nearest police station or other security agencies.
Recall that the City Boy Movement recently appointed Tejuosho as the South-West Zonal Women Leader.
According to a statement signed by the Movement, Tejuosho is to provide strategic leadership and coordination for women-focused activities in the zone, driving political mobilization, civic engagement, and advocacy.
General News
Afreximbank to Fund 3 New Refineries in Nigeria

African Export-Import Bank (Afreximbank) has disclosed plans to finance three additional refineries in Nigeria as part of a broader push to reduce the country’s reliance on imported petroleum products and strengthen local refining capacity.

Denys Denya, senior executive vice president of the bank, made the disclosure on Monday during a virtual media briefing focused on the institution’s 2025 financial performance, crisis response initiatives, and long-term industrialisation strategy.
“We are also financing refining on the continent, which will alleviate the importation of refined products. We are not only supporting Dangote; we’re supporting three other refineries in Nigeria,” Denya said.
The briefing, which focused on the bank’s 2025 financial performance, crisis response initiatives, and industrialisation strategy, also featured a question-and-answer session with journalists across Africa.
Denya explained that the push into refining is driven by recent disruptions in global supply chains, particularly linked to tensions in the Middle East, which have raised the cost and complexity of fuel imports for African economies.
According to him, Afreximbank has adopted a dual approach of supporting immediate trade finance needs while investing in long-term productive capacity to reduce structural import dependence.
He said, “For import-dependent economies, the cost of import is very high… so we have taken a proactive approach of engaging with financial institutions on the continent to increase their facilities so they can issue high-value letters of credit.”
The bank’s intervention is backed by a $10bn Gulf Crisis Response Programme, designed to stabilise access to essential imports such as fuel, food, fertilisers, and pharmaceuticals, while also supporting sectors exposed to global shocks.
Denya noted that the facility is already seeing uptake from countries including Kenya, Ethiopia, and Tanzania, warning that demand could accelerate if geopolitical tensions persist.
Beyond short-term interventions, the Afreximbank executive stressed that financing refining projects across Nigeria and other African countries remains central to the bank’s long-term strategy of industrialisation and export development.
He said the bank’s support for large-scale industrial projects, including the Dangote Group refinery, reflects its commitment to reducing Africa’s reliance on imported refined products and strengthening regional value chains.
“Our support for industrialists who are making a difference on the continent is testimony to this approach. We will continue to champion projects that reduce Africa’s reliance on imported refined products,” he added.
Denya further disclosed that the bank is financing similar refining projects in Angola as part of a continent-wide push to achieve self-sufficiency in petroleum products.
The shift towards local refining, he explained, is also expected to improve macroeconomic stability by reducing foreign exchange pressures associated with fuel imports.
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