General News
Clark, Ijaw Leader Accuses Military Chiefs of Oil Theft
Chief Edwin Clark, Ijaw leader and a delegate to the National Conference has accused military chiefs of oil theft and claimed he had previously drawn attention to the nefarious activities of military officers, who were aiding and abeting oil theft.
Clark, spoke as delegates continued debate on the report of the Conference Committee on Public Finance and Revenue noted that noted that Obasanjo directed T.Y. Danjuma, then minister of Defence, General to probe the situation.
Danjuma’s investigation, Clark said, led to the arrest of three naval officers. Of the three, he said, one was eventually exonerated.
The Ijaw leader said: “The military officers who are in the Niger Delta are guilty of stealing the oil.
“What I will suggest is that the troops in the Niger Delta should be changed periodically. In doing so, you will find that oil theft will reduce.”
He urged the conference to take a stand on the issue to end oil theft.
Clark supported the committee’s recommendation that fuel subsidy should be abolished.
Fuel subsidy, he said, was an euphemism for corruption, urging the conference to adopt the recommendation to abolish it.
Clark said: “In 1972 as a commissioner for finance in the old Midwest, I travelled with President Shehu Shagari, who was the Federal Commissioner of Finance, to Forcados Island, where our crude was being exported.
“We discovered that the government officials, who were there, were more interested in what they can get than protecting the nation’s interest. You hardly know how much oil was taken away from our shores. Till today, I do believe that if you go to Forcados terminal the same story will be told. We are talking about oil theft, I have always said that our young men at home do bucket bunkering.
“They have no facility, they also lack the technology, but those who steal this oil are people who come from abroad. Have we forgotten the case where three admirals were involved? They were court martialled” he noted
The Ijaw leader said the revocation of the contract given to ex-militants for the protection of oil pipelines could be responsible for the resurgence of pipeline vandalism.
Some of the pipelines, he said, were over 50 years old and needed to be change
The Senate ad hoc committee investigating persistent crude oil theft in the Niger Delta has disclosed that a forensic audit conducted by independent consultants revealed that suspected oil thieves stole more than $300 billion worth of oil, which ought to have been Nigeria’s proceeds from crude oil sales.
Senator Ned Nwoko, chairman of the committee made the disclosure this while presenting an interim report of the committee during Wednesday’s plenary, adding that the findings were based on a forensic review conducted by consultants engaged by the committee.
The Senator representing Delta North Senatorial District explained that the stolen funds were traced to both local and international transactions, however, requested that the committee should be given the mandate to track, trace, and recover all proceeds of stolen crude oil both locally and internationally
“The ad hoc committee should be given the mandate to track, trace, and recover all proceeds of stolen crude oil both locally and internationally, as forensic review by the consultant shows over $22 billion, $81 billion, and $200 billion remains unaccounted,” he said.
Nwoko who did not disclosed identity of the consultants, stated that the period covered by the forensic report, the identities of the suspected perpetrators and the companies allegedly involved.
The federal lawmaker, however, pointed out that the report was interim, suggesting that more findings would be made public in the committee’s final submission, adding that the committee recommended that the Nigerian government establish a special court dedicated to prosecuting oil-related offences and offenders appropriately.
Rack Centre, a Nigerian data centre, and EdgeNext, a global edge cloud provider, have announced new Content Delivery Network (CDN) and cloud hosting services, in response to the country’s growing demand for high-performance digital infrastructure.
The services, which are hosted at Rack centre’s Tier III cloud-neutral data centre in Lagos, are intended to improve content delivery, reduce latency, and boost cloud hosting efficiency for Nigerian companies and users.
EdgeNext’s global acceleration network will enable faster and more dependable performance for video streaming, social media, e-commerce, and gaming platforms.
The company also intends to launch specialised gaming cloud solutions designed specifically for Nigeria’s burgeoning gaming community, with low latency and high concurrency capabilities for mobile and PC gamers.
Terence Wang, CEO of EdgeNext, commented that the launch represents a significant milestone in the company’s growth, and that the relationship with Rack Centre would ensure “secure, reliable, and low-latency services” for Nigerian organisations and developers.
Rack Centre CEO Lars Johannisson noted that the arrival of EdgeNext demonstrates the robustness of Nigeria’s digital infrastructure ecosystem.
General News
Countdown to AfriTECH 5.0: Meet the Speakers Driving Conversations on Africa’s Digital Independence in the AI Era
The stage is set for the fifth edition of the Africa Tech Alliance Forum (AfriTECH 5.0), scheduled to hold on Thursday, November 13, 2025, at the Oriental Hotel, Lekki Road, Lagos.
The conference will commence at 9:00 AM (WAT), bringing together Africa’s foremost technology leaders, innovators, regulators, and investors to discuss the theme:
“AI and Sovereign Tech: Building Africa’s Digital Independence.”
As Africa continues to deepen its digital transformation agenda, AfriTECH 5.0 will explore how artificial intelligence (AI), indigenous innovation, and sovereign technologies can accelerate the continent’s quest for digital autonomy, security, and sustainable growth.
Distinguished Speakers and Thought Leaders
This year’s edition will feature a lineup of prominent industry leaders, policymakers, and innovators including: Dr. Aminu Maida, Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC); Dr. Vincent Olatunji, National Commissioner, Nigeria Data Protection Commission (NDPC); Prof. Obadare Peter Adewale, Founder/Chief Visionary Officer, Digital Encode Ltd; George Agu, MD/CEO, ActivEdge Technologies Ltd., Prof. Ibrahim Adeyanju, MD/CEO, Galaxy Backbone Limited; Tokunboh George-Taylor, CEO, SKOT Communications; Muhammed Rudman, CEO, Internet Exchange Point of Nigeria (IXPN); Engr. Ikechukwu Nnamani, CEO, Digital Realty Nigeria, and Dr. (Mrs.) Ebehijie Momoh, CEO, Afrorgy Financial Services Ltd.
Other speakers are; Happiness Obohia, CEO, Tizeti Cybersecurity; Chukwuemeka Enoch Mbabaie, Convener, Lagos Blockchain Week; Mr. Chidi Okpala, Personal Branding Coach; John Itodo, AI & Tech Innovator for Emerging Markets, amongst others.
These speakers will provide insights on how Africa can leverage homegrown technologies and AI-driven systems to strengthen its digital sovereignty and competitiveness.
“AfriTECH 5.0 promises a robust and interactive agenda featuring, Keynote Presentations from industry regulators and global tech leaders; Goodwill Messages from government representatives and policy influencers; a Fireside Chat hosted by Lagos Blockchain Week, focused on decentralized systems and blockchain innovation; Panel Discussions addressing data governance, fintech inclusion, cybersecurity, and the AI economy; a Tech Exhibition, showcasing innovative digital products and solutions from leading companies, and the prestigious Africa Tech Alliance Excellence (ATAEx) Awards, celebrating organizations and individuals driving excellence in Africa’s digital ecosystem”, said Mr. Chike Onwuegbuchi, the co-convener of AfriTECH 5.0.
AfriTECH 5.0 is supported by a coalition of technology enablers and sponsors including; Platinum sponsor: Digital Encode Limited.
Others are Gold Sponsors; itel, SKOT Communications, Tecom, Afrigo Payment Financial Services Limited, Tizel Cybersecurity ActivEdge Technologies, Galaxy Backbone Ltd, while the Nigeria Communications Commission (NCC) is a supporting partner.
Africa Tech Alliance Forum (AfriTECH) is a premier annual event dedicated to driving conversations and collaborations around Africa’s digital transformation.
The platform connects stakeholders across policy, technology, and business to shape the continent’s tech-driven future.
Participation at AfriTECH 5.0 is free, but registration is required and can be done via the link: www.africatechallianceforum.africa.
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