News
Experts Rue Human Capacity Development, Distribution Channels
Experts at the presentation and launch of Transition Networks products have lamented the state of human capital development in the country.
They therefore made the call for human capacity development in the ICT sector as well as the need for more distribution channels to take the huge capacity lying at the shores of the country to the hinterland.
Teledom International Nigeria, a leading ICT company in partnership with Transition Networks USA with the launch and presentation of the products hope to leverage on products offered by Transition Networks to leapfrog broadband delivery to homes and offices.
Eng. Emmanuel Ekuwem, CEO of Teledom Group said Nigerians need to patronize made-in-Nigeria products as this creates jobs and keeps people off the street and prevent restiveness.
Florence Seriki, CEO Omatek Computers and president of ITAN bemoaned the level of human capacity in the country, stating that it has really gone down.
She urged companies to partner with world class manufacturers like Transition Networks for there to be knowledge transfer to Nigerians which will bring about human capacity development.
Seriki lamented the unavailability of raw materials needed to bring the know-how to Nigerians as the components are not available in the country. By this, she said partnership with world class organizations would help create demand better prepare the country for product manufacturing.
The Omatek boss enthused that foreign brands like HP, Compaq, Dell and the rest would not have recorded success without the cooperation of local distributors.
She therefore urged local distributors to support local brands by supporting made in Nigeria Products.
Speaking in same manner, Eng. Lanre Ajayi, president of the association of Telecommunications Companies of Nigeria (Atcon) said over 10 terabytes of broadband to over 95 per cent of internet capacity is lying down unutilized at the country’s sea shores.
To make use of these unutilized access, Ajayi said more distributors need to come on board to distribute these to the end users.
Eng. Bayo Banjo,president of the Nigeria Internet Group (NIG) wanted Nigerians to patronize high quality products for improved quality of service.
“We should encourage high quality products in this environment of bad maintenance culture to bring about good quality of service,” he said.
Transition Networks offers world class networking products that enable ICT Infrastructure builders, network designers and builders, systems integrators and network operators to deliver and manage their networks efficiently, excellently and cost-effectively.
The company offers Enterprise Network Solutions including Ethernet Switches, Routers, Fiber Modules, Media Converters and Network Management Solutions. Others are Optic Fibre Network for Data, Voice & Video; Mobile Backhaul Applications; Connectors; Access Control and Video Surveillance Systems for homeland and national security operations.
The American company provides network devices of the future applicable in Government, Education, Industry (processing, manufacturing & infrastructure), Telecommunications, Information Technology, Banks, Electronic Media, Security and many more.
News
DBN Awards N13m in Grants to Tech Startups

Development Bank of Nigeria (DBN) has awarded a total of N13 million in grants to three standout tech startups at the 2025 Techpreneur Summit held in Lagos, reinforcing its commitment to innovation and inclusive growth among Nigeria’s micro, small, and medium enterprises (MSMEs).
The winners include: BuyScrap, a digital marketplace for recyclable materials – N6 million; Qiqi Farms, which connects local farmers to hospitality and export markets – N4 million; Eco-Cyclers, a youth-led recycling initiative based in Enugu – N3 million
Alongside the grant awards, DBN also launched a new digital data asset, a first-of-its-kind platform aimed at enabling data-driven decisions within the MSME ecosystem.
The platform offers deep insights into business trends, sector-specific challenges, and growth opportunities—supporting smarter policymaking and targeted investments.
In his keynote address in Lagos, Tony Okpanachi, managing director/ CEO, DBN, described the event’s theme, “CTRL + SHIFT: Tech Empowered Movement for Naija,” as a strategic call to reimagine enterprise development in Nigeria.
“This isn’t just a keyboard shortcut,” he said. “It’s a mindset reset—powered by technology—to build a more inclusive, innovative, and resilient business landscape. From financing to innovation, DBN remains committed to enabling MSMEs to thrive.”
Okpanachi emphasized that the Summit aligns with DBN’s AMPLIFI Strategy, which integrates digital transformation, sustainability, and scalability into its core programs.
He highlighted initiatives such as the Digital Shift Workshops and the Eco-Innovation Challenge as key steps toward embedding innovation in Nigeria’s MSME sector.
Encouraging young innovators, he added: “The future belongs to those bold enough to imagine and build it. DBN is proud to support the ideas that will shape tomorrow.”
A major highlight was the unveiling of the DBN Data Asset—a digital platform designed to provide real-time, evidence-based insights into Nigeria’s MSME landscape.
The platform combines DBN’s proprietary data with external sources like the National Bureau of Statistics (NBS) to offer a comprehensive view of MSME performance by region and sector.
Jeremy Dan Okayi, DBN’s Head of Strategy, Policy & Innovation, described the platform as: “A reservoir of insight, potential, and direction—built on two years of collaboration and shared vision. This tool will support informed decision-making across the public and private sectors.”
News
FCCPC Shuts France, Belgium, and Italy Visa Centres in Abuja Over Alleged Consumer Rights Violations

In a bold enforcement action, the Federal Competition and Consumer Protection Commission (FCCPC), supported by the Nigeria Police Force and the Nigeria Security and Civil Defence Corps (NSCDC), has sealed off the visa application centres of France, Belgium, and Italy in Abuja over alleged consumer protection breaches and obstruction of regulatory investigations.
The affected centres—located at Mukhtar El-Yakub House in the Central Business District and operated by TLS Contact, a Teleperformance Company—were shut down following reports that they refused to accept formal correspondence from the FCCPC regarding a consumer complaint. The Commission cited further infractions, including obstruction of investigation and alleged assault of its officers during lawful duties.
Speaking to journalists at the scene, Mrs. Boladale Adeyinka, Director of Surveillance and Investigations at the FCCPC, explained: “This is an enforcement operation against TLS. On March 25, 2025, we served them a letter to address a consumer complaint, which they refused to accept. Instead, TLS officers assaulted our team, and in a subsequent visit on June 17, they also allegedly assaulted uniformed police officers.”
Citing Section 33 of the Federal Competition and Consumer Protection Act (FCCPA), Mrs. Adeyinka emphasized that failure to comply with Commission directives constitutes a criminal offense, punishable by imprisonment, fines of up to ₦20 million, or both.
TLS has been ordered to appear before the Commission on June 20, 2025, to provide testimony, submit evidence, and make formal depositions. The company may be held liable for any financial losses suffered by applicants due to the disruption of visa services.
Despite multiple requests for comment, management at TLS Contact declined to respond as of press time.
News
How and Why N210 Trillion is Missing in NNPCL – CFO

Adedapo Segun, chief financial officer (CFO), Nigerian National Petroleum Company Limited (NNPC), has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023.
According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs.
He spokeat a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada.
Segun was responding to an alarm raised by the committee over missing N210 trillion in NNPCL’s audited financial statement.
Recall that Wadada issued a one-week ultimatum to NNPCL to account for the missing N210 trillion.
Reacting, Segun said, “The N103 trillion and N107 trillion are made up of joint venture cash calls that have been requested by the JV operators and JV cash call payments made by NNPCL, which are yet to be reconciled because governance procedures were not done at that time.
“That is why you see the description reflecting those two items would be washed out because they are two sides of the same transaction, which is the cash calls by JV partners and the settlement by NNPCL.”
However, Habu Sadeik, a financial analyst, in a post on X on Thursday, said Segun’s response was unsatisfactory.
Saidik faulted NNPCL’s response about the fund discrepancies, noting that something is not right with the audited financial statement.
“Forget about the senators’ lack of knowledge.
“The CFO’s response is not satisfactory. Are you saying that cash calls worth hundreds of trillions are just appearing on your FS only in 2024 without 31 disclosure?
“If it’s a cash call, why hasn’t the disclosure said so?
“Which cash call is over 100 trillion?
“Something is definitely not right, and I hope they retrospectively correct that FS.
“Someone somewhere did a chef’s work,” he wrote on X.
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