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General News

Boko Haram Pays Recruits N500, 000

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Boko Haram recruits members, not just from Nigeria, Cameroon and Chad, it also gets recruits from Niger Republic who it pays N500, 000.

However, their pay is raised should their bombs kill more people in Nigeria, the BBC has said.

The teens, when they are enlisted, are given Tramol [an opiate drug], marijuana and alcohol.

They break into houses for cash; sometimes beat people for money, and steal their animals for food. They gather again for their opium and drinks.

Though the recruits, barely in their teens, do not like the sect and its activities, they said they took to violence as being students they have no jobs and are poor.
 
The BBC documentary on Boko Haram, entitled ‘Niger hit by Nigeria’s Boko Haram fallout’ yesterday focused on young boys of a Niger Republic border town with Nigeria, Diffa.

In their hangout, the gang explained their association with the sect. “They have paid 500,000 Nigerian naira ($3,085, £1,835) to those of us who followed them over there.

The rest of us, here, we give them information. When they come, we inform them about what’s going on, what the security forces are up to. If they tell you to set off a bomb and it succeeds, if it kills a lot of people, they will pay you a lot of money,”one of the young men said.

Five members of this gang in Diffa, near the border, have joined the group; two have since been killed on operations, he said.

But the ideals for which Boko Haram is fighting – the imposition of strict Sharia, an Islamist caliphate and the banning of Western education – hold no interest for the gang, the report continued.

One of the gang members said, “Boko Haram Islamist militants from Nigeria regularly come across the border, looking for recruits. We can’t contact them, they come to us.”

The documentary showed about a dozen gang members in a tiny, dark room, built with local mud-bricks in the town, with a couple of home made stools and weights for them to exercise just outside the door.

Already, Nigeria’s neighbouring countries – Niger, Cameroon and Chad – are fearful that the group’s insurgency may spill over to their borders.

The Diffa government believes that the emergency rule in place in north-eastern states of Nigeria has not changed anything over the last year.

“It has radicalised Boko Haram more than anything else and generated other gangs and groups of bandits,” one official said.

Asked if they agree with Boko Haram’s reason for fighting, the gang answered in unison: “No. We only do it for the money.”

The boys who do not share the Boko Haram ideology of opposing anything western, were reportedly in skinny jeans, bright coloured T-shirts and shiny chains – like those seen around the necks of American rappers on music videos.

“Their attitude and brand new clothes make them stand out when they walk down the dusty streets of Diffa. The fashion style is clearly inspired by Western consumerism rather than Islamist militancy,” the report said.

The gang members agreed to talk to us on the condition that we would not reveal their identity.

“We break into houses for cash; sometimes we beat people for money, we steal their animals so we can eat and then we gather up and take Tramol [an opiate drug], smoke ganja [marijuana] and drink alcohol,” one said.

“We have no jobs; some of us are still at high school but we need money. Violence has become a form of work for us.”

The young gang members also showed BBC a stash of machetes, knives, knuckle-dusters and traditional axes. They also claimed to have firearms and grenades but refused to show them.

Boko Haram has also been attacking the Niger region, an official told the BBC, adding that several attacks allegedly planned by the sect on the country’s territory have been foiled over the last months; and dozens of men suspected to have links to the group have been arrested.

Niger’s customs and national guards patrol along the porous border every day but the report said the Nigerian soldiers are yet to join the joint border patrols with their counterparts from Niger. The trading post of Krikri is seeing many Nigerians arrive seeking safety adding that some have relatives on the other side of the border.

“We know that Boko Haram members come across the border, but we are watching them closely,” Diffa government representative Inoussa Saouna, says.

“Just last December, we arrested two dozens of men – we believe they were planning to kidnap the regional governor, the military zone commander and myself.”

Military police, customs officers, as well as national guards conduct daily patrols along the porous border to mitigate the threat, BBC said.

“On paper, the border is supposed to be secured by joint patrols with soldiers from both countries. However, they have yet to start.

“Niger’s security forces are receiving training, logistics and intelligence support from both the US and France. Most of the border between Niger and Nigeria is naturally drawn by the Komadougou Yobe River.

Niger has a growing refugee crisis but without camps, which the authorities are reluctant to allow, fearing they could become new targets, or worse, recruitment centres for Boko Haram.


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General News

EFCC Says Corrupt Politicians are Using Crypto Wallets to Launder Money

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Ola Olukoyede, chairman, Economic and Financial Crimes Commission (EFCC), has raised the alarm that some corrupt Nigerian politicians are now hiding their illicit wealth in cryptocurrencies to evade scrutiny and detection by anti-graft agencies.

EFCC Says Corrupt Politicians are Using Crypto Wallets to Launder Money

Ola Olukoyede, chairman, EFCC

The EFCC boss said the agency had uncovered a growing trend where fraudulent public officials now used cryptocurrency wallets to stash stolen public funds and conduct illicit transactions.

Olukoyede made the revelation at  an event commemorating Africa Anti-Corruption Day.

The event was held simultaneously in Abuja, Lagos and Ibadan, Oyo State.

Other speakers at the event lamented that Nigerians usually fell victim to crypto fraud, including the recent CBEX scam, where Nigerians lost over N1.3tn.

Olukoyede said, “Virtual asset fraud is on the rise. Our findings show that fraudulent politicians are already perfecting schemes and hiding their loot in cryptocurrencies to beat the investigative blackness of anti-corruption agencies.

“Stolen funds and unexplained wealth are being warehoused in wallets and payment for services are being done through this window,” he said.

Olukoyede warned that while the rise of virtual assets had transformed financial transactions globally, it had also created new avenues for money laundering and financial crimes.

He said, “Technology is moving at a supersonic speed around the world.

“The advent of virtual assets is a response to one of the qualities of money as a store of value like it is known in our elementary economies.”

“However, as with every progressive innovation, fraud starts to usually evolve, evolve ways of perverting their genuine purposes,” he said.

He added that the EFCC was not helpless in the face of the sophisticated schemes, noting that proactive training and intelligence sharing had enabled the commission to identify and investigate such cases.


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Airtel Nigeria Drives BFSI and Utility Sector Innovation with Industry-wide Workshop

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L-r: Oladeji Ilesanmi, Head, Enterprise Sales, Airtel Africa; Abhishek Biswal, Chief Business Officer, Digital Services, Airtel India; Dinesh Balsingh, Chief Executive Officer/Managing Director, Airtel Nigeria; Ogo Ofomata, Airtel Business Director, Airtel Nigeria; and Luc Serviant, Enterprise Business Director, Airtel Africa, during the first day of the two-day workshop, themed “Powering Financial Services with Connectivity”, hosted by Airtel Business for the benefit of the Banking, Financial Services & Insurance (BFSI) sector in Lagos this week.
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Airtel Nigeria, telecommunications and digital solutions provider, has reemphasised its commitment to national development with a two-day workshop for companies in Nigeria’s Banking, Financial Services & Insurance (BFSI) and utility sectors.

Held from July 8 to 9, 2025 at the Lagos Continental, the exclusive event brought together C-suite executives and industry thought leaders to co-create transformative and tech-driven solutions for these critical industries.

Themed “Banking on Innovation: Powering Financial Services with Connectivity” on 1 and “Accelerating Nigeria’s Digital Leap: Smarter Networks, Smarter Business” on Day 2, the sessions were designed to identify critical pain points, unlock business potential, and drive smarter, more connected operations across two of the nation’s most essential sectors.

Delivering the keynote address, Dinesh Balsingh, Managing Director/CEO of Airtel Nigeria, reaffirmed Airtel’s dedication to enabling and driving Nigeria’s digital transformation across the finance and energy sectors.

Speaking on the timeliness of the workshop, Airtel Nigeria’s Managing Director and Chief Executive Officer, Dinesh Balsingh said, “From power and water to finance, transportation, and logistics, this is a defining moment for every sector. The real question isn’t whether to adopt digital solutions, but how quickly and intelligently we can do so. At Airtel Nigeria, we’re moving beyond basic connectivity and becoming a true digital partner to the industries we serve.”

He highlighted Airtel’s categories of enterprise solutions that has been created to improve quality of life. These groupings include Internet of Things (IoT) for such services as smart metering, leak detection, energy optimisation, and real-time asset tracking; Communications Platform as a Service (CPaaS), which enables secure, multi-channel customer engagement via SMS, WhatsApp, Voice, and USSD; as well asl Network as a Service (NaaS), which delivers flexible, secure connectivity with cloud-ready agility.

Mr. Balsingh added that, “Nigeria’s power and energy industries are under growing pressure to modernise. Legacy infrastructure, fragmented systems, and lack of real-time visibility are major obstacles. Airtel is stepping in with the right tools, not just to connect, but to transform. With IoT, CPaaS, and NaaS, we’re laying the groundwork for smarter operations, improved service delivery, and better outcomes for businesses and consumers alike.”

Abhishek Biswal, Chief Business Officer, Digital Services at Airtel India, brought substantial insight to the discourse with a demonstration of Airtel’s IoT Hub and its transformative impact on energy distribution.

Biswal said, “The future of finance and energy is digital, and that future must be secure, scalable, and seamless. When financial players and utility providers partner with telcos like Airtel, we’re not just connecting systems; we’re building a smarter digital ecosystem for everyone.”

Reinforcing the CEO’s position, Ogo Ofomata, Director, Airtel Business, called for collaboration among the participating sector and their stakeholders.

“We don’t take lightly the trust you have put in us. Airtel operates in what we call the enabler industry. Sometimes we don’t even know there’s a problem until we come together like this. This workshop is about understanding your needs and working side by side to design solutions that truly fit,” she said.

In his remarks, Luc Serviant, Group Enterprise Business Director at Airtel Africa, highlighted the company’s role in driving digital transformation through sustained investments in 5G and LEO satellite connectivity, aimed at boosting remote operations and expanding access in underserved regions across the finance and energy sectors.

He said, “At Airtel, we understand that the future of is going digital, and reliable connectivity is the backbone of that future. From 5G to LEO satellite integration, we are investing in intelligent infrastructure that empowers service providers to operate more efficiently, respond in real-time, and deliver uninterrupted services to millions of Nigerians. This isn’t just about innovation; it’s about building the digital foundation that will power the nation’s next chapter.”

This workshop, which continues the series of sectoral engagements within Nigeria’s growing economy, concluded with feedback from stakeholders who called for the inclusion of regulatory bodies such as the Nigerian Communications Commission (NCC) in future editions.

 


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AfCFTA Credit Fund Makes First Investment With $10m Loan

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The Credit Fund of the AfCFTA Adjustment Fund has successfully closed its first investment, committing $10 million to Telecel Global Services Ltd, through a senior secured amortising loan.

The transaction marks a significant milestone in the operationalisation of the Fund. The Credit Fund is one of three Funds under the AfCFTA Adjustment Fund, established by the AfCFTA Secretariat and African Export-Import Bank (Afreximbank) to provide targeted transitional support to AfCFTA State Parties and private sector entities as they adjust to the requirements and opportunities presented by the AfCFTA Agreement.

Telecel Global Services, a subsidiary of the Mauritius based Telecel Group, provides wholesale voice and SMS services and enterprise connectivity solutions to more than 250 telecoms operators across Africa and globally.

With digital connectivity being at the heart of the trade and economic integration and success of the AfCFTA, this facility will support Telecel’s expansion in Ghana and Liberia, strengthen its infrastructure, and contribute to bridging Africa’s digital divide through enhanced connectivity and digital inclusion.

By investing in digital infrastructure in underserved markets, the Fund is helping reduce trade barriers, foster cross-boarder productivity and accelerate inclusive industrialization. Mr. Jean-Louis Ekra, Chairman of the Board of the AfCFTA Adjustment Fund Corporation, stated: “

The closing of our first deal marks a historic milestone for the Credit Fund and the broader vision of the AfCFTA.

This US$10 million investment in Telecel Global Services is a clear demonstration of how targeted capital can drive meaningful impact—accelerating digital connectivity, enabling intraAfrican trade, and supporting private sector-led development in priority sectors.

It is our commitment to ensure that such investments continue to bridge critical gaps, stimulate economic resilience, and unlock Africa’s vast potential.”

H.E. Wamkele Mene, Secretary-General of the AfCFTA Secretariat, noted: “This transaction demonstrates how the AfCFTA Adjustment Fund is beginning to serve its intended purpose – supporting State Parties and the private sector as we work to make this Agreement commercially meaningful.

By investing in digital infrastructure, we are addressing some of the most critical enablers of trade facilitation, industrialisation, and regional value chain development.”

Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, added: “Today, we make another bold statement of our unwavering intent to ensure that Africans reap the benefits of the African Continental Free Trade Agreement.

We are proud to have commenced the operationalisation of the Credit Fund. With this Fund, we will provide vital support to African corporates, helping them retool and expand their operations necessary to capitalise on the AfCFTA opportunities.

The investment strengthens a critical enabler, the digital economy and regional connectivity, while reinforcing our long-term commitment to transforming the structure of the African economy.”

Marlene Ngoyi, CEO, FEDA, the Fund Manager of the AfCFTA Adjustment Fund, said: “This investment exemplifies the strategic intent of the Credit Fund – to catalyse growth and resilience in sectors that are vital for Africa’s structural transformation.

We are proud to partner with Telecel, whose operations directly advance intra-African connectivity and digital trade.”

The Credit Fund will continue to prioritise commercially viable investments that enable trade, support diversification, and promote inclusive growth in line with the broader AfCFTA implementation agenda.


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