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Edusko Hosts School Leaders at the Business of Education Summit

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(L-r): Binta Bhadmus, compere; Folawe Omikunle, moderator; Lanre Olusola, panellist; Darrell McGraw, panellist; Raghav Lal, panellist; Dr. Adebodun Sanyaolu, panellist, Jide Ayegbusi, convener and Oscar Gbemilek, in a group photograph at the summit. 
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By peter oluka

Edusko, a leading edtech company, hosted hundreds of school leaders across Nigeria in its maiden edition of the Business of Education with various thought and business leaders sharing wealth of experience with the school leaders on how they could improve on school outcomes through inspiring leadership.

In his welcoming address, at the summit held recently in Lagos, Jide Ayegbusi, the convener of the summit reiterated Edusko’s commitment to impacting the Nigerian education sector through programs and initiatives that can help its partners manage their schools better as well as help parents who regularly use Edusko’s online platform to find good schools, make better choices for their children.

“Some have asked us why this event is free for the participants. Our simple answer is, the best things in life are free. This is our own little way of impacting the education sector and key stakeholders in it. Together, we can make the education sector and system great again,” said Ayegbusi.

Professor Chris Ogbechie, the keynote speaker, of the Pan-Atlantic University, Lagos, told the audience that today’s parents take a closer look at the quality of school leaders before making school choices.

Emphasising the need for school owners to set high expectations, Ogbechie said, “As proprietors of schools you have to set high expectations. You must refuse to accept a low-aspirational mindset for your students just because of the state of the country and the complex issues we currently face. Schools should develop systems where teachers are supported and challenged to search for more effective ways of enabling all students to learn.”

Afterwards, Mr Lolade Adewuyi, founder, CampsBay Media shared the importance of schools increasing sports participation to grow the leadership potentials of their students while also helping to develop the sports business ecosystem.

“Engaged students mean fewer agitations and unruly behaviour. Active students mean stronger bodies and less time spent in the sick bay. More sport means more business for all,” Adewuyi said.

In the panel discussion, Mr Lanre Olusola (The Catalyst) mentioned why school leaders should change with the changing world. “Everything is changing, teachers, therefore, have to change the dynamics of how they teach”, he said. Olusola went further to say that parents ought to complement the work teachers are doing at home. Reiterating, Raghav Lal, CEO of The Transnational Academic Group said what is working well for schools are teachers and parents who work hand in hand.

Others on the panel were: Mrs Biola Alabi, founder, Grooming for Greatness and Biola Alabi Media; Dr Adebodun Sanyaolu, CEO Adkyke Consulting and Darrell McGraw, partner, PriceWaterhouseCoopers Nigeria.

Edusko was launched in 2015 to help private schools across Africa become more accessible and at the same time help parents make informed school choices despite their busy schedules. At the moment, over 4,000 leading schools are listed on the platform and close to 10,000 parents have used the platform in the last one year to place their kids in suitable schools. The company has a presence in over 30 states in Nigeria and more than 10 regions in Ghana.

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Senate Probes Federal Character Violations by NDIC, Others

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The Senate on Tuesday deplored what it described as violations of the principles of federal character in the appointments, recruitments and promotions in some key federal institutions and agencies.

Senate Probes Federal Character Violations by NDIC, Others

Specifically, the upper legislative chamber fingered the Nigerian National Petroleum Company Limited (NNPCL), Pension Commission (PENCOM), the Nigeria Deposit Insurance Corporation (NDIC) and several other Ministries, Departments and Agencies (MDAs) as culprits.

The matter was a subject of debate at plenary as Senator Osita Ngwu called the Senate’s attention to the alleged violations through a motion.

Ngwu’s motion, entitled “Urgent Need to Address Systemic Abuse and Ineffective Implementation of the Federal Character Principle in Nigeria’s Public Sector,” got the attention of the lawmakers.

Ngwu, who led the debate, cited Sections 14(3) and 14(4) of the 1999 Constitution, which explicitly prohibit the dominance of individuals from a few states or ethnic groups in federal institutions.

He observed that while recruitment opportunities are limited, promotions are often based solely on years of service rather than merit, leading to the continued marginalisation of certain regions.

According to him, the lack of accountability in enforcing federal character principles has compromised fairness in the public sector, with senior-level recruitments often influenced by cronyism instead of competence.

Ngwu further observed that while the federal capital principle aims to balance merit with equitable state representation, its poor implementation has negatively affected discipline, morale, and institutional efficiency.

According to him, “The federal character principle, entrenched in the 1999 Constitution of the Federal Republic of Nigeria, mandates fair representation in federal appointments to reflect the linguistic, ethnic, religious, and geographic diversity of the nation.”

He continued, “Section 14(3) and (4) of the Constitution unequivocally stipulate that ‘no predominance of persons from a few states or a few ethnic or sectional groups’ should exist within the federal government or its agencies.”

Ngwu listed the NNPCL and its subsidiaries, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the National Agency for Food and Drug Administration and Control (NAFDAC), the Nigerian Ports Authority (NPA), PENCOM, NDIC, the Federal University of Technology Akure (FUTA), the National Library of Nigeria (NLN), the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the Energy Commission of Nigeria (ECN), the Solid Minerals Development Fund (SMDF), and the Nigerian Nuclear Regulatory Authority (NNRA) as non comliant entities.

He accused them of consistently failing to adhere to federal character Mandates, and often bypassing regulations in their recruitment exercises.

Ngwu warned that unchecked violations of federal character laws would continue to erode the effectiveness of key legislative provisions.

He listed the affected legislative provions to include Section 14(d) & (e) of the Legislative Houses (Powers and Privileges) Act, 2017, Part I(1)-(2) of the Subsidiary Legislation 23 of 1997, and Section 11(2) of the Freedom of Information Act, 2011.

He also raised concerns about the lack of independence of the Federal Character Commission (FCC).

Ngwu observed that despite the Commission’s constitutional mandate, it remains weakened by underfunding, political interference, and a lack of enforcement power.

While approving the probe of the affected entities, the Senate directed its Committee on Federal Character and Inter-Governmental Affairs to conduct investigative hearings into their activities.

The committee is expected to submit its findings within four weeks.

 


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Police Arrest 4 Bank Staff over Alleged ₦270m Fraud, Money Laundering

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The Lagos State Police Command has arrested four bank employees over their alleged involvement in a sophisticated fraud and money laundering scheme that diverted over £138,924 (more than ₦270 million) from international airline accounts.

Police Arrest 4 Bank Staff over Alleged ₦270m Fraud, Money Laundering

CSP Benjamin Hundeyin, command’s spokesperson, disclosed the arrests on Monday during a press briefing at the state police headquarters in Ikeja.

According to CSP Hundeyin, “The suspects conspired to siphon funds from domiciliary accounts into personal accounts before redistributing them to multiple destinations.

“The fraud was uncovered when the affected bank detected unauthorized transactions and alerted the police.”

Explaining further, the spokesperson said: “Subsequent investigations led to the arrest of the following suspects: Oluwatobiloba Olaleye, male, aged 27, was arrested on March 12, 2025, in Ogun State. A Toyota Camry 2012/2013, suspected to be a proceed of the crime, was recovered from him.

Oladunjoye Adegoke, male, aged 33, was arrested on March 13, 2025, in Victoria Island, Lagos. A Toyota Camry (Pencil Light), suspected to be another proceed of the stolen funds, was also recovered.

Further investigation led to the arrest of Austin Alfred, male, aged 38, the Supervisor of the Trade Services Department, and Jude Uzobuaku, male, aged 36, a processor in the same department. Both facilitated the illegal transfer of funds to foreign accounts.”

Police investigations revealed that the stolen funds were initially funneled into an account belonging to one of the suspects before being transferred to multiple other accounts, making it harder to trace. Authorities are now working to track down additional accomplices and recover the remaining funds.

“The suspects are in custody and will face prosecution as the investigation continues,” CSP Hundeyin stated.

 

 

 

 

 

 

 


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Tony Elumelu Foundation Grants $15m to 3,000 African Entrepreneurs

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Tony Elumelu
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Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries.

Tony Elumelu Foundation Grants $15m to 3,000 African Entrepreneurs

Tony Elumelu, founder, TEF, made this known on Sunday in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme.

He stated that each beneficiary would receive a $5,000 seed grant to kick-start their businesses.

Elumelu, who is also chairman of Heirs Holdings, Transcorp, and United Bank for Africa (UBA), reaffirmed his commitment to empowering African entrepreneurs and transforming the continent’s economic landscape.

According to Elumelu, the foundation aims to democratise opportunity across the continent, fostering economic growth and providing young Africans with access to funding and mentorship.

“We had a vision that started in 2010; one that envisions a self-sustaining Africa, driven by the energy, vision, and resilience of young entrepreneurs.

“We understand the challenges they face in contributing to Africa’s economic transformation.

“If empowered and encouraged, these young Africans can drive meaningful change,” he said.

He noted that capital alone was not enough, highlighting the importance of business education, mentorship, and training in building successful entrepreneurs.

The entrepreneurship programme, which began in 2015, originally set out to economically empower 10,000 young Africans over 10 years, each receiving $5,000 in seed capital.

“This year marks the 15th anniversary of the foundation, and we have made a considerable impact across all 54 African countries.

“In the 21st century, Africa does not need aid; what it needs is investment in its youth,” Elumelu said.

Somachi Chris-Asoluka, chief executive officer (CEO), TEF, noted that since the programme’s launch in 2015, the foundation had.disbursed over $100 million to more than 21,000 young entrepreneurs across Africa.

According to Chris-Asoluka, these businesses have collectively created 1.5 million enterprises, and generated $4.5 billion in revenue.

“Our entrepreneurs have demonstrated that ideas are the lifeblood of the African continent.

“For the 2025 cohort, we received over 200,000 applications, and from this pool, 3,000 entrepreneurs from 52 African countries will receive $15 million in funding.

“Each entrepreneur will receive a $5,000 non-refundable seed grant; this is neither a loan nor equity,” she stated.

She further assured that the foundation had a monitoring and evaluation platform in place to track progress after disbursement, ensuring that beneficiaries adhered to their approved business plans.


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