Telecom
Yele Okeremi charges government to take the lead to make Nigerian fintech attain global leadership

Mr. Yele Okeremi, Managing Director of Precise Financial Systems (PFS), has said that unless the Nigerian government pays attention to the trends and developments in the country’s fintech ecosystem, the growth would be limited.

Speaking during his appearance on C-Suite Café, a podcast initiated by veteran journalist and brand strategist, Ikem Okuhu, Okeremi said only the government can provide the needed leverage for the sector to become leaders globally.
Citing example with China, he said it took the country’s government to push their local payment platform to become one of the prime payment gateways in the world.
“If we are going to achieve the kind of goals that I have in mind, then, naturally the government must take certain positions. Take a look at Union Pay today.
“Union Pay started as China Union Pay. But today, Union Pay cards are accepted everywhere in the world. It was not magic. It happened as s result of the deliberate strategy of the Chinese government.
“The card business was dominated by Mastercard and Visa. American Express was popular in the United States. But today, Union Pay have become global. So, why couldn’t Verve have become global?”
The fintech guru said the people behind Verve had a sellable technology, but could not withstand the headwinds of global competition.
He decried the situation where Nigeria uses cards issued by foreign companies for local payments, “Who does the kinds of things we do here? For local payments, we are issuing Mastercard and Visa when we have Verve? I think these are issues that we need to take a look at,” he stated.
Nigeria, he observed has all it takes to take its fintech products global, and the government should pay greater attention to ensure this becomes a reality.
“We have a huge market here, and we have the resources. The assets for creating wealth are the market and the natural resources. Nigeria has both. But the private sector can do so much, but until the government provides the needed support and policy leverage, there the private sector will achieve limited successes, and until you have the support of your sovereign, you will never be able to fly,” Okeremi canvassed.
He lamented the situation whereby people who have never been involved in wealth creation populate the country’s political leadership space, and advocated a reversal to a system in which certain critical political leadership positions are reserved for certain prequalified people deemed to have proven track record of successes in those fields.
Okeremi disagreed with the notion that some of the fintech’s companies labelled unicorns are Nigerian companies, saying that most of them had pivoted to foreign ownership because of their desire to scale and attract funding.
For instance, I am one of the founding fathers of Interswitch, and ordinarily, had the environment done what was needed to have been done, Interswit would have blossomed. But they recognized that the environment was not giving them what they wanted, so they took the easy way to get value – have alliances and sell to foreign interests.
But that’s not what I have fought for, and I am not going to blame anybody that has done that? I doubt if I should, because I might be able to withstand the pressures, which they cannot withstand.
“But the question is, ‘should we continue on this trajectory as a people? It is a picture of a people that are going nowhere, and that trajectory must reverse.
“We must realise that we have the capacity to do anything that anybody anywhere in the world can do, and even if we do not have the capacity at this particular point in time, we have more than enough capacity to learn and understudy and replicate,” he submitted
He also advocated for the government to pick outstanding Nigerian fintech players and push them into the global space through deliberate creation of narratives that will engender global acceptance.
He advocated that Nigeria should seek the entrenchment of the leadership that understands that the true meaning of wealth is not cash but the capacity to create from nothing.
Telecom
Chamber Raises Alarm over Increasing Telecoms Infrastructure Vandalism

Lagos Chamber of Commerce and Industry (LCCI) has raised an alarm that members of the business community have drawn it’s attention to the rising incidents of vandalism of telecommunications infrastructure across Nigeria.

Dr. Chinyere Almona, director general of LCCI,
Dr. Chinyere Almona, director general of LCCI, who stated this in Lagos recently, said that the increasing infrastructure vandalism was posing a serious threat to economic productivity, national security, digital inclusion, and investor confidence.
According to her, “our members have drawn our attention to the rising incidents of vandalism of telecommunications infrastructure across Nigeria. This trend is a serious threat to economic productivity, national security, digital inclusion, and investor confidence.
“Telecommunications infrastructure remains critical to modern economic activity, supporting banking services, e-commerce, education, healthcare, logistics, public administration, and millions of small businesses.
Persistent attacks on fiber-optic cables, base stations, power systems, and related assets disrupt essential services, increase service providers’ operating costs, and reduce service quality for consumers and businesses.”
Speaking further, Dr. Almona explained that “to address this challenge, the chamber urges governments at all levels to treat telecommunications infrastructure as critical national assets that require stronger protection.
“This should include enhanced security surveillance, stricter enforcement of laws against vandalism, faster prosecution of offenders, and closer collaboration between security agencies, regulators, communities, and network operators.”
She added: “The Chamber also calls for improved rightof-way management, better coordination during road construction and urban works, and stronger public awareness campaigns on the economic damage caused by vandalism.”
Telecom
Firm Shares 5-step Safety Action Plan on What to Do When You Discover Your Phone is Missing

Misplacing a device, or having one stolen, is a stressful occurrence. Along with the inconvenience of no longer having a smartphone or tablet, comes the risk of unauthorised access to banking accounts and the potential for identity theft. With this in mind, Kaspersky experts have released a practical, minute-by-minute action plan for the moment you realise your phone is missing.

Step 1: Try to locate it via another device
The first step that could help to find your phone is to activate the Find My Device feature for Android or Find My for iOS to locate it. You can enter your Google or Apple ID account from the other device and see the list of devices linked to the account. Kaspersky for Android users can locate their device using the “Where Is My Device” feature via the My Kaspersky web portal. It is important that in order to use any functionality related to the device location, all those features must be activated in advance.
Step 2: Block your phone and watch for scammers
After logging into the account and finding the missing device in the device list, set it to “Lost” mode. After that click the “Вlock” button. You can set a new password, as well as add a message or a contact number that the person who found the phone will see. If the device is not connected to the Internet, the lock will take effect as soon as it connects.
Along with locating the device, Kaspersky for Android users can go beyond simple locking:
- Turn on a loud alarm, even if the phone is on silent. Perfect for finding it under a couch or forcing a thief to abandon it.
- Take a Mugshot. On devices with a front camera, Kaspersky captures a photo of the person currently using your phone. This evidence can be shared with authorities. Kaspersky’s Mugshot feature works even if the thief ignores native lock commands.
Stay cautious, if the phone falls into the hands of intruders, they may try to contact you and extort personal data to access the phone. It’s highly recommended to warn your friends and relatives about the device loss whilst your mobile phone can be used for calls or messages from your number with requests for money or questions, all of which should be ignored.
Step 3: Block access – SIM, bank cards, passwords
Promptly contact the mobile operator and block your SIM card, so you will eliminate the risk of using it for unscrupulous purposes. Also contact your bank to block any cards linked to the device or unlink those accounts.
After that, think about resetting passwords for all important services and log out of your accounts wherever possible. If you use a password manager, change its master password to protect all saved credentials.
If you’ve enabled SIM Watch in Kaspersky’s app in advance, the solution automatically blocks the device the moment someone inserts a new SIM card. This stops thieves from using their own SIM to bypass your locks.
Additionally, it’s recommended to protect the Kaspersky app itself from being uninstalled. Thieves often try to remove security apps first. Kaspersky’s anti-uninstall protection (one of the features of Where Is My Device) prevents the app from being removed and blocks changes to system settings – without your screen lock password.
Step 4: Check for the backups
As for other data such as photos, notes or messages stored on the phone, unfortunately, it will be only possible to restore it if you have backups or syncing with the cloud configured. If you had enabled device backups before the loss, you can restore almost everything, from contacts and photos to text messages.
Step 5: Remotely erase your device, if there is no hope of finding it
In parallel with how you perform all the actions described above, it is highly recommended to report the loss to local authorities and follow their guidance. However, if you are certain that the phone cannot be recovered, the final recourse is to completely erase all data from the device. This can be performed via Find My Device feature for Android, Find My for iOS or from the My Kaspersky web portal (for Android).
“In the routine of daily operations, it is easy to overlook how many critical aspects of our digital lives are tied to our mobile devices, and how seldom we consider that losing a phone may lead not only to inconvenience, but also to data loss, compromised access to essential accounts, or even identity theft.
At Kaspersky, we think in advance for your safety, going beyond just an antivirus solution. We fully understand the risks and disruptions that a lost or stolen phone can cause. That is why our solutions are designed to mitigate those risks,” comments Dmitry Kalinin, Senior Malware Analyst at Kaspersky.
Step 0: Protect yourself in advance
Here are some additional steps that, if taken in advance, may significantly reduce the negative effects of losing the phone:
- Enable location tracking. Both Android and iOS have special functionality to track a phone’s location and remotely erase data from it. Kaspersky for Android provides this functionality with the Where Is My Device feature activated.
- Allow automatic backups. Due to the regular backups all photos, videos, documents, contacts, and other important data can be recovered if the phone goes missing.
- Store all sensitive data in the protected format. Use a dedicated security solution like Kaspersky password manager, which apart from securely keeping passwords, logins and bank cards, has a special secret vault functionality aimed at storing important documents, for example, scanned Passports/IDs and PDF files, addresses and notes.
- Set immediate auto-locks. This ensures the phone is always locked when not actively being used, helping to prevent thieves or cybercriminals from accessing stored information.
- Keep the phone physically secure. While being in a public place, avoid leaving a device unattended or easily accessible such as on tables or in back pockets.
Telecom
MTN Foundation Expands Digital Access as Iwerekun Junior High School Records Stronger Academic Results

The recent access to digital tools and facilities in Lakowe’s Iwerekun Junior Secondary School has become a thing of pride. The school is one of the beneficiaries of the MTN Foundation’s What Can We Do Together (WCWDT) initiative. With a student population of over 2,000 (including more than 400 in technical classes), the school needed a suitable ICT Lab last year. A call that WCWDT answered, renovating the ICT laboratory into a world class facility to support the students.

MTN Foundation
According to the Universal Basic Education Commission (UBEC), over 8 million students are enrolled in junior secondary schools across Nigeria, yet only 416,291 teachers. This creates a rising need for better facilities and tools that would support and amplify teaching efforts. With efforts from initiatives like WCWDT communities across the country are getting access to the facilities that will drive educational efforts.
Today, the ICT laboratory has changed the learning experience for many students in the school. What used to be limited access to digital learning tools has gradually become a more engaging and practical learning environment, giving students room to learn, explore and build confidence with technology.
For the school’s Principal, Mr. Azeez Olatunji Fatai, the difference became noticeable almost immediately. “Since the installation of the ICT lab, we have seen significant improvements amongst students,” he said. “Our students now have access to digital tools and learning resources that were previously unavailable, and their confidence in using technology has improved greatly.”
That renewed confidence is beginning to reflect in how students engage both inside and outside the classroom. Recently, the school emerged first in an inter-school competition, a milestone many within the school community see as evidence of the growing exposure and encouragement students now receive. Teachers say students are showing greater enthusiasm during lessons and are becoming more willing to participate in practical and extracurricular activities.
The ICT lab has also strengthened the school’s focus on practical learning. Since November, students have participated in more structured digital learning sessions, while some have also gained additional exposure through extracurricular and skill-based programmes designed to strengthen their digital and technical capabilities.
For the MTN Foundation, this outcome reflects the broader goal of the What Can We Do Together initiative, which continues to address critical gaps in education and community infrastructure.
As nominations open for Phase 6 of the initiative, the Foundation is calling on Nigerians to nominate deserving schools and communities for the opportunity to benefit from upgraded science laboratories and primary healthcare centres, helping to create more success stories like Iwerekun Junior Secondary School and expand access to quality learning and development opportunities across the country.
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