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Weco Systems Takes ICT Development to the Grass Root

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(L-R) Mr. Ambrose Okougbo, Chief Sales Officer, Weco Systems Int'l Ltd; Chief Badejo, Odofin of Noforija Kingdom, HRM Oba Alihu Kolawole Ayodele Alade Uraka of Poka; HRM Oba Babatunde Ogunlaja(JP) Aladeshonyin of Noforija Kingdom; Mr. Nnamdi Onyebuchi, Chief Operating Officer, Weco Systems, Olori Ogunlaja of Noforija; Mrs. Silveria Finnih, Rep. Executive Secretary of Eredo LCDA; Mrs. Evelyn Chukwudubem, Human Resources Manager, Weco Systems and pupils of the recipient schools in Eredo LCDA during the comp
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Weco Systems International, the innovative and leading Systems Integration Company has made ICT equipment donation to selected schools in Lagos and Anambra States respectively.

These donations were made in memory of her late founding CEO Uchenna Obidike and also part of their commitment to Corporate Social Responsibility initiatives.

According to Obinna Ekwonwa, chief executive officer of Weco Systems International, “ Weco Systems International’s commitment towards capacity development and nation building is unwavering and this has made the donations to selected primary schools in remote areas of Lagos and Anambra state necessary, we have discovered that the pupils and students in remote areas seem to be left behind in the area of ICT development as they hardly have access to these ICT equipment, we therefore decided to consider the students at the grassroots in order give every child an opportunity to develop and globally compete with their counter parts in this digital age”.

He further reiterated that Mr. Uchenna Obidike loved to encourage and empower young people especially the less privileged by investing in their lives to make a difference in Nigeria.

While receiving the ICT equipment for the selected Primary schools in Eredo LCDA in Epe, Lagos State, The Aladeshonyin of Odo Noforija Kingdom, H.R.M Oba Babatunde Ogunlaja expressed immense gratitude towards Weco Systems, he has this say “The Aladeshonyin of Odo Noforija Kingdom, H.R.M Oba Babatunde Ogunlaja and the entire members of Oba in Council wishes to appreciate the humble gestures of your organization towards the educational development in Lagos State and my communities by deeming it fit to donate Computer systems and accessories to selected primary schools in which my domain happened to be one of the beneficiaries. I say more grease to your elbow”

In the same vein, while officially presenting the ICT equipment to the Commissioner for Education represented by Mrs. Adaobi Okonkwo, Chief Godwin Obidike, on behalf of board of Directors of Weco Systems said “This gesture is aimed at giving every student in Anambra the opportunity to be properly equipped digitally and compete with their global counterparts. We want to end the era of students just identifying computers only in pictures, we want them to see it, learn and develop through it. He concluded by intimating the gathering of Weco Systems readiness to partner with the state government to further train all the school principals in the state in the area of ICT development” Obidike concluded.

While receiving the ICT equipment, The Commissioner for Education Anambra state, Prof. Kate Azuka Omenugha represented by Mrs. Adaobi Okonkwo expressed immense gratitude on behalf of the commissioner and the entire state.

In her remark “This donation is timely as the present administration is more than ever passionate about ICT development of the state, especially the teachers who are saddled with the responsibility of transferring knowledge to their students. It’s quite encouraging and supportive to see that Weco Systems has aligned with this passion by donating the ICT equipment to selected schools in the state.

The following are the beneficiary schools in Eredo LCDA, Epe in Lagos State: Government Demonstration Primary School, U.P.E Primary School Imokun and RCM Primary School Noforija. While the list of beneficiary schools in Anambra state are as follows: Central Primary School Umueri Otuocha, Enu Obodo Central School Umueri, Patrick Okolo Memorial School Onitsha, Eri Primary School Aguleri, St. Augustine International Primary School Umuoba Anam, Oraike Primary School Ukwala Anambra West, St. Mary’s Primary School Nneobi, Ogidiga Primary School Ifite Ogwari, Bright Primary School Awkuzu and State Primary School Nteje.

Mr. Ekwonwa urged the teachers and management of these beneficiary schools to take time to put these children through all the necessary education in ICT that this infrastructure can offer. The systems are already preloaded and ready for use! Mr. Obinna Ekwonwa concluded.

Weco Systems International specializes in delighting its customers by solving their business challenges through seamless & timely delivery of innovative technology solutions cutting across ICT Infrastructure & Enterprise Software Applications that not only transform their operations in ways that boost their business performance but also increase their business agility and competitiveness. For Weco Systems, it’s about driving business outcomes using technology.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

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Economic and Financial Crimes Commission (EFCC), has detained Tunde Ayeni, former chairman of defunct Skye Bank Plc, for alleged fraud involving N36.5 billion and $30 million.

EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

Tunde Ayeni, former chairman of defunct Skye Bank Plc,

This follows the probe of alleged diversion of N36.5 billion and $30 million secured as loans from Polaris Bank Plc through companies linked to Ayeni.

He was arrested by EFCC operatives in Abuja on April 23, 2026, and is still been held in custody as at the time of filling the report.

Dele Oyewale, spokesperson, EFCC, confirmed the arrest on Friday but declined to provide further details.

Ayeni is under investigation for diverting funds obtained for marine security, electricity distribution, and real estate projects into other unknown projects.

Investigators allege the loans were instead channelled into telecom investments tied to NITEL/MTEL assets via a NATCOM account.

About 12 firms believed to be connected to Ayeni are also under investigation for their role in securing the loans.

The EFCC is expected to file charges once the investigation is concluded.


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Summit Factory Opens in Ogun, Targets Hygiene Market Expansion

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L-r: Sadiq Ali, General Manager, Summit Household Solutions Limited; Oba Abdulakeem Odunaro, Onikotun of Otun, Ota; Hon. Wasiu Adewale Lawal (FCA), Executive Chairman of Ado-Odo/Ota LGA; Mr Kehinde Akintomide, Permanent Secretary, Ministry of Commerce, Trade and Investment, Ogun State; and Mojeed Maaradesa, Manufacturing Manager, during the commissioning of the ultra-modern factory by Summit Household Solutions Limited in Ota on Thursday.
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Summit Household Solutions Limited has opened its ultra-modern manufacturing facility in Ota, Ogun State, as part of its efforts to scale production of home and personal care products in Nigeria.

The plant, which started operations in April 2025, produces items such as dishwashing liquids, handwash, sanitisers and multipurpose liquid soaps, with an annual capacity estimated at 7,000 tonnes.

Commissioning the facility on behalf of Governor Dapo Abiodun, the Permanent Secretary, Ministry of Commerce, Trade and Investment, Mr Kehinde Akintomide, said the investment reflects growing confidence in Ogun State’s business environment.

He noted that the state hosts over 6,000 manufacturing firms and described the development as consistent with ongoing efforts to promote industrialisation, attract investment and reduce reliance on imports under the Federal Government’s Renewed Hope initiative.

Akintomide disclosed that the factory has already employed more than 50 Nigerians, with projections to exceed 250 jobs as operations expand.

In his remarks, the General Manager of the company, Mr Sadiq Ali, said the facility represents a major step in Summit’s growth plans, adding that its flagship brand, 2Sure, currently leads production at the plant.

He also revealed that the company is preparing to introduce new home and personal care products later this year.

Summit Household Solutions manufactures the 2Sure brand and has expanded into the personal care segment with Lewar, a premium beauty soap line positioned for quality and affordability.

Among dignitaries present were the Onikotun of Otun, Ota, Oba Abdulakeem Odunaro, representing the Olota of Ota, Prof. Adeyemi Abdulkabir Obalanlege; the Agba Akin of Ota, Chief Dada Olusola; Director of Investment, Ms Yemisi Folarin; Director of Industrial Promotion, Mr Femi Adeboye; former Managing Director of 7Up Bottling Company, Mr Ziad Maalouf; and the Chief Executive Officer of OmniRetail, Mr Deepanker Rustagi.

Speaking at the event, Maalouf, who conceived the 2Sure brand during his time at 7Up Bottling Company, expressed satisfaction with its growth and commended Summit Solutions Limited for advancing the brand.

The special guests were conducted around the facility, and the programme was concluded with a luncheon.

 


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US Freezes $344m in Crypto Linked to Iran in Major Crackdown

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The administration of Donald Trump has frozen $344 million in cryptocurrency allegedly linked to Iran, marking a sharp escalation in financial pressure on Tehran.

US Freezes $344m in Crypto Linked to Iran in Major Crackdown

The move comes amid stalled diplomatic efforts and a fragile ceasefire in the region.

U.S. Treasury Secretary Scott Bessent confirmed that authorities are sanctioning multiple crypto wallets tied to Iran. “We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he said.

Tether, which facilitated the transactions, said it worked with U.S. authorities to freeze the funds across two wallet addresses after receiving intelligence linked to unlawful activity.

A U.S. official said blockchain analysis revealed “material links” to the Iranian regime, including transactions routed through intermediary addresses connected to wallets associated with the Central Bank of Iran.

Responding to the development, Tether CEO Paolo Ardoino said the company does not tolerate illicit use of its stablecoin. “USD₮ is not a safe haven for illegal activity. When there is credible linkage to sanctioned entities or criminal networks, we act immediately,” he stated.

The crackdown underscores the growing reliance of sanctioned states on digital assets to bypass traditional banking restrictions. Data from Chainalysis shows Iran’s cryptocurrency holdings reached $7.8 billion in 2025, with the Islamic Revolutionary Guard Corps reportedly controlling about half.

Analysts say while the freeze is significant, Iran has historically adapted to sanctions. Daniel Tannebaum of the Atlantic Council noted that targeting third-party actors enabling such transactions may be key to increasing pressure.


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