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ICAN, BOI Partner to Drive Stakeholders Inclusion in Tech

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ICAN BoI Tech Hub

By Adedapo Adesanya

The Institute of Chartered Accountants of Nigeria (ICAN) and the Bank of Industry (BOI) have strategically inaugurated an ICAN-BOI Tech Hub that will promote job creation, entrepreneurship and skill development in the technology space.

This was the central point of the tech hub inaugurated on Tuesday at the ICAN annexe office in Lagos which will ensure that members of the institute and the public can access the necessary skills and competencies required to become job creators and productive contributors in today’s tech-savvy world.

According to the Managing Director of BOI, Mr Olukayode Pitan, the project was necessary, given the increasing importance of technology to development and youth empowerment.

Mr Pitan said the dominant role of technology in many professions, including accountancy, had transformed the way businesses operated, resulting in improved efficiency, cost-saving, and simplified processes.

“The tech hub shall encourage development and testing of new ideas, products and business models as well as create an environment to prepare for start-ups and existing businesses for sustainability.

“It also aims at boosting business mentorship, market linkages and accelerated programmes to enable young entrepreneurs to scale up.

“Technology, innovation and entrepreneurship are key factors shaping global trends and there is a need to continually scale up on them for our national economic growth and development,” he said.

The BOI boss noted that young people were embracing an entrepreneurship mindset and technological skills, which had resulted in the provision of innovative solutions servicing millions of people in diverse sectors.

According to him, the Information and Communication Technology (ICT) sector contributed 14.7 per cent to the gross domestic product in 2020 and increased to 15.21 per cent in 2021.

“We can see a perfect example of the value of tech hubs when we consider Silicon Valley, which is one of the earliest tech hubs in the world.

“It houses the headquarters of many of the world’s largest high tech operations as well as thousands of promising start-ups and we have started on that journey here in Nigeria.

“Nigerian Fintechs are fast gaining recognition globally. In 2021, Nigerian FinTech start-ups raised about $1.37 billion out of a total of $4 billion raised by African start-ups despite the COVID-19 pandemic.

“In Nigeria, we can boast of having technologically-driven products and services such as Flutterwave, Opay, Andela, Interswitch and Jumia.

“This shows the growing significance of ICT in driving the economy,” he added.

Mr Pitan also added that the BOI, through its corporate social responsibility programmes, would proactively continue to support the establishment of tech hubs across the country.

He said the ICAN-BOI tech hub collaboration brought the total tech hubs established by BOI to 10 in six states across the country.

“Structurally, the ICAN-BOI tech hub boasts of over 250 co-work desks, meeting rooms, private offices, a relaxation centre and a hybrid area for organising competitions and hackathons.

“In collaboration with ICAN, we have made provisions for all divider networks, IT equipment, power supply and all required to enable the hub function at optimal capacity.

“The bank is committed to making all its financing products and services available to bankable projects that emanate from users of the tech hub.

“We are confident that this hub will help users to innovate, incubate, collaborate and scale up as they become employers of labour and contributors to the economy of the nation,” he said.

The 57th ICAN President, Mrs Comfort Eyitayo, adding her input said the hub was positioned to empower users through different stages from idea generation to actualisation of products or services.

Mr Eyitayo expressed gratitude to the management of BOI for partnering with the institute to ensure members and youths were equipped with the necessary skills for economic growth and development.

On his part, the ICAN Registrar, Professor Ahmed Kumshe, commended Eyitayo, who through the ICAN Entrepreneurship Development Centre initiative brought about the partnership with BOI that resulted in the establishment of the tech hub.

He urged the institute to enlighten members and students to maximise the benefits of the hub since technology had taken over every aspect of life, especially in finance.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Obasa Makes First Appearance at Lagos Assembly After Impeachment

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mudashiru obasa

By Adedapo Adesanya

Mr Mudashiru Obasa made his first appearance at the Lagos State House of Assembly complex on Thursday, February 27, 2025, after he was impeached as the Speaker on January 13, 2025.

The former speaker entered the chamber flanked by armed and uniformed security operatives, who ushered him into the premises.

Business Post reports that Mr Obasa was welcomed with an ovation by his supporters and well-wishers

The politician was welcomed at the entrance gate of the Assembly Complex.

The 40-member House removed the Agege I representative as Speaker by more than two-thirds of the house over alleged misconduct and corruption offences.

Mr Obasa’s then deputy, Mrs Mojisola Meranda, was immediately elected the new Speaker, becoming the first female to take charge of the legislative body in the South-West state.

With her emergence, Mrs Meranda, who represents Apapa Constituency I, ended the 10-year reign of Mr Obasa on the seat.

Mr Obasa was first elected into the House in 2007. He has been in the chamber since then. He emerged as a speaker in June 2015 before his removal in January 2025. He is believed to have the strong support of President Bola Tinubu, who reportedly asked for his return and the resignation of Mrs Meranda.

It is not immediately clear what the next development will be with his return to the chamber, but Mrs Meranda has about 36 members of the state parliament as loyalists. They have all supported and passed a vote of confidence on her, insisting that Mr Obasa has no room to return to the position despite claiming he was not lawfully removed from office.

Last week, some agents of the Department of Security Services (DSS) and legislative workers clashed in the chambers.

The incident led to 36 lawmakers passing a vote of confidence in Mrs Meranda, who was teary-eyed.

Meanwhile, the police had earlier allegedly withdrawn all the escorts attached to the speaker.

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EFCC Laments Crypto Funding of Fraud Syndicates’ Cells

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By Adedapo Adesanya

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, says organised foreign fraud syndicates are establishing cells in Nigerian cities and recruiting youths into serious organised cybercrimes, made easy by cryptocurrencies.

This was disclosed by the anti-graft agency in a statement signed by its spokesperson, Mr Dele Oyewale, on Thursday in Abuja.

Mr Olukoyede said this while receiving participants of the Executive Intelligence Management Course (EIMC) 18 of the National Institute for Security Studies (NISS) on Wednesday in Abuja.

He said the team was led by the institute’s Director of Studies, Mr Hyginus Ngele, to the commission.

Mr Olukoyede expressed surprise at how bandits and insurgents were able to sustain their activities in the country over the years.

He noted with concern, the rate of flow of small arms and light weapons across the borders and the involvement of non-state actors in the illegal exploitation of minerals in parts of the country.

The EFCC boss said all these activities compounded the threats in the security landscape.

“Another dimension that is not given attention is the discovery, recently, that organised foreign fraud syndicates are establishing cells in Nigerian cities.

”They are recruiting young Nigerians into serious organised cybercrimes, including cryptocurrency fraud.

“By the virtue of EFCC’s recent discovery, we are beginning to see the likelihood, the propensity that a lot of these people are into illegal importation of arms into the country using cryptocurrency as means of payment.”

According to him, this is an area that must interest all and sundry.

“In the special operations we carried out in Lagos recently, we arrested 194 foreigners in the heart of Victoria Island.

”They comprised Chinese, Filipinos, Eastern Europeans, Tunisians and among others in one building at a time. You can imagine what these guys are doing, 194 of them.

“Some of them don’t even have valid visas and most of the financial activities they carried out were through cryptocurrency,” he said.

He said the commission also discovered that some of the foreigners arrested were already ex-convicts in their countries.

“Some of them have been convicted and escaped from their countries and found safe haven in Africa, not only Nigeria.

“We discovered that they are also developing cells in some other African countries by virtue of the investigation we are carrying out,” he said.

The EFCC boss called for spirited efforts at both national and continental levels to combat the menace of internet fraud.

He stressed that the money laundering and national security dimension of the presence of foreign organised crime groups demanded close scrutiny.

“All security, intelligence and law enforcement organisations in Nigeria and indeed Africa, must close ranks in dealing with this challenge,” he said.

On his part, the NISS commandant, Mr Joseph Odama, who spoke through Mr Ngele, praised Mr Olukoyede’s leadership of the EFCC for the commission’s “remarkable achievements in combating corruption, money laundering, and other financial crimes.”

He noted that the achievements had not only strengthened Nigeria’s integrity but also served as a model for other nations in Africa and beyond.

He said the EFCC, under Mr Olukoyede, had been at the forefront of investigating and prosecuting financial crimes, including those involving non-state actors.

“Your commission’s exploratory activities have uncovered the intricate networks through which some NGOs and other entities channel funds to support hostile non-state actors, thereby, fueling instability in various parts of the country and the African continent.

“We recognise the critical role the EFCC plays in disrupting these networks and ensuring accountability.

“In light of this, we are particularly interested in hearing your insights on how your commission navigates the complexities of investigating and prosecuting cases involving non-state actors.

“We also seek your contributions on how Nigeria and other African nations can strengthen legal and institutional frameworks to address the challenges posed by these actors while promoting transparency and accountability in their operations.”

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NSCDC Intercepts 1,571 Litres of Petroleum Products in Zamfara

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NSCDC Fake Recruitment List

By Adedapo Adesanya

The Zamfara State Command of the Nigeria Security and Civil Defence Corps (NSCDC) has intercepted 1,571 litres of petroleum products in the Northern state.

According to the security outfit, the products were illegally transported in jerry cans to banditry-prone areas.

The State Commandant, Mr Sani Mustapha, in a statement by the Public Relations Officer of the command, Mr Umar Muhammad, revealed that four suspects were arrested in connection with the crime at two separate locations.

Among them were two filling station pump attendants and two buyers apprehended in the Birnin Magaji and Tsafe Local Government Areas of the state.

Mr Muhammad disclosed that aside from transporting fuel from unauthorised locations, the suspects also violated the Executive Order prohibiting the sale of petroleum products in jerricans within Zamfara State.

He stated that two of the suspects were caught in Birnin Magaji with 1,296 litres of fuel, while the other two were arrested in Tsafe with 275 litres of the product.

“Today, we bring before you four suspects apprehended for illegal dealings of Premium Motor Spirit (PMS) in large quantities, violating the National and State Executive Order of petroleum products sales to retailers in jerry cans,” he stated.

The NSCDC assured citizens that investigations are ongoing and reaffirmed its commitment to enforcing the law to curb illegal fuel diversion and activities that could aid insecurity in the state.

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