General News
Nigeria Missing as Global Electronic Air Waybill Penetration Reaches 11.2%

Global electronic Air Waybill (e-AWB) penetration continues to rise and reached 11.2% in November, a 1% higher than October and a 5.6% increase from November 2012.
The 11.2% rate equates to a volume of 172,579 e-AWBs, an increase of roughly 7,000 shipments from the previous month, according to International Air Transport Association (IATA).
However, Nigeria is conspicuously missing in the league of comity that has adopted the system.
As shown in the latest e-AWB monthly report, North Asia was the region of origin with the highest volume of electronic documents in November (58,982 e-AWBs), followed by Asia Pacific.
However, in terms of penetration, Africa and the Middle East was the leading region with 36.1% in November.
Hong Kong is the country of origin with the highest e-AWB volume, at 54,231 documents in November (a penetration rate of 46%).
Reflections from 2013 and e-AWB’s bright future, IATA said that, looking back over 2013, the reasons behind the slow adoption of e-AWB can be narrowed down to a lack of investment in technology and a challenging legal and regulatory environment.
The future of e-AWB is optimistic due to strong endorsement by several global forwarders, the Association said, adding that a commitment to technology investment and the Single Process from airlines making e-AWB more attractive.
On top of this, the fast adoption of the Multilateral e-AWB Agreement (MeA) is moving the industry towards the 100% paperless vision.
With this hopeful future the e-AWB targets for the next three years are 22% by the end of 2014, 45% by 2015 and 80% by 2016.
While recommending multilateral e-AWB agreement as the way forward, IATA said that by the end of December 2013, 481 freight forwarders and 55 airlines had signed the Multilateral e-AWB Agreement.
The numbers are rising fast and resulting in a smoother and more simplified process. With the increasing numbers of freight forwarders and airlines joining, don’t get left behind!
The first local freight forwarders from India, Bahrain, Denmark and Ireland have joined the MeA at the end of 2013 and the US had 88 new freight forwarders join.
The potential AWB market coverage of parties to the MeA (as of December 2013) was 41% for freight forwarders and 82% for airlines.
General News
Daphne Dafinone, CBN GOV’s Ally Facing Alleged N100m Fraud Charges – Police

Daphne Dafinone, an ally of Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), is facing prosecution over an alleged N100 million fraud.

Daphne Dafinone,
Dafinone who is also a board member of the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), allegedly defrauded a developer of the said sum.
She was recently hired by Cardoso as a consultant at the CBN.
Justice Ibrahim Kala of the Federal High Court in Lagos has ordered Dafinone to appear before the court on May 5 to take her plea in the fraud case filed against her and her company by the Police.
The charges stem from a petition by Prince Lukman Adeleke, a property developer, who claimed that between April and December 2019, Dafinone and others conspired to defraud him of N100 million.
According to the petition, Adeleke’s company, Lukman Communications Limited, had been negotiating the purchase of a property at 93 Broad Street, Lagos Island, from Dafinone’s company, CEDDI Corporation Limited.
Despite receiving N100 million for the property, Daphne Dafinone allegedly sold it to Mrs. Ganiyat Ulom, another buyer.
When Adeleke discovered the sale, he instructed his lawyers to issue a memorandum of claim to CEDDI Corporation Limited and Mrs. Ulom. However, both parties allegedly ignored the notice, prompting Adeleke to file a lawsuit in the Lagos State High Court.
At a previous hearing, Dafinone’s former lawyer, Dapo Akinosun (SAN), informed the court that she was in London for medical treatment, assuring that she would return to Nigeria on January 28, 2025, and be available for arraignment.
However, at the resumed hearing, Fidel Albert appeared as her new defense counsel.
The prosecution, represented by Superintendent of Police (SP) Anthony Iyeye, requested the court to issue a bench warrant for Dafinone’s arrest due to her absence.
In response, Albert informed the court that he had filed an application challenging the competence of the charge and the court’s jurisdiction.
Justice Kala allowed arguments on the submissions but ruled that Dafinone must appear in court before any application could be entertained.
The judge dismissed the preliminary objection and adjourned the case to May 5, 2025, emphasizing that Dafinone must be present for her arraignment.
General News
WillMoon Unveils Innovative Apps to Boost Economy

WillMoon Artificial Intelligence Company achieved a major milestone with the launch of its pioneering app suite, poised to revolutionise Nigeria’s economy. The launch, which took place recently marked a significant step forward for the company.
This strategic move underscores the company’s dedication to leveraging technological innovation to drive economic growth and development in Nigeria.
According to the CEO of WillMoon Artificial Intelligence Company, Mr. Kenny Imarah, the three apps launched – Estate Books, Urban Fleet, and WillMoon POS & Inventory Management System – are designed to revolutionise the real estate, transportation, and retail sectors.
Industry experts predict that these apps will increase efficiency, reduce costs, and improve customer satisfaction, ultimately driving economic growth and development.
“We are thrilled to launch these innovative apps, which are set to transform how Nigerians live, work, and do business. Our apps are designed to meet the specific needs of Nigerians, addressing pain points in the market and providing seamless, automated solutions,” Imarah said.
The launch of these apps is seen as a major boost to Nigeria’s economy, which has been facing significant challenges in recent years. With the country’s growing population and increasing demand for technological innovation, WillMoon Artificial Intelligence Company’s apps are poised to make a significant impact.
Estate Books, one of the launched apps, is a real estate relationship management app that streamlines property management, tenancy, and rental businesses. This app is expected to reduce the hassle and stress associated with finding and managing properties in Nigeria.
Urban Fleet, another app launched, is an automotive rental app that simplifies the car rental process. This app is designed to provide users with a seamless and efficient car rental experience, reducing the need for physical paperwork and long queues.
General News
PAFON 2.0 Set to Address Customer Experience in AI-Driven Payment Ecosystem

The highly anticipated Payments Forum Nigeria (PAFON) 2.0 is set to convene industry leaders, policymakers, fintech innovators, and key stakeholders to discuss the evolving landscape of digital payments, with a special focus on cybersecurity, trust, and regulatory compliance in the AI era.
PAFON 2.0, scheduled to take place on April 10, 2025 at the Function Room 1, Oriental Hotel, Lagos, builds on the success of its inaugural edition, solidifying its position as Nigeria’s premier platform for thought leadership in payments innovation.
This year’s theme, “Bridging the Customer Experience Gap for Financial Inclusion Using AI”, underscores the urgent need to safeguard digital transactions against emerging threats while ensuring seamless financial inclusion and innovation.
EBEHIJIE J. MOMOH, Chief Executive Officer, AfriGOPay Financial Services Limited, has been scheduled to present the keynote.
Other Speakers | participants are drawn the Central Bank of Nigeria (CBN); e-Banking Heads; Chief Compliance Officers of banks in Nigeria; Chief Internal Auditors of banks in Nigeria; Office of The National Security Adviser; Switching companies; the Economic and Financial Crimes Commission; Licensed Mobile Payment Operators; Electronic Payments Providers; Information Security Experts; Consumer Protection; Financial Policy and Regulation; Information Technology; Legal Services; Banking Supervision; Corporate Communication; Shared Services Office; Blockchain Security Experts, etc.
Key highlights of PAFON 2.0 include:
· Expert-led panel discussions on AI-driven fraud detection, secure authentication, and regulatory strategies for digital payments
· Fireside chats with top executives from the banking, fintech, and regulatory sectors
· Showcase of cutting-edge payment security solutions leveraging AI, blockchain, and biometrics
· Networking opportunities with industry pioneers shaping the future of Nigeria’s payment ecosystem
Speaking on the upcoming event, Mr. Chike Onwuegbuchi, co-convener of PAFON, stated:
“As Nigeria accelerates its transition to a digital economy, ensuring trust and security in payments has never been more critical. PAFON 2.0 will serve as a pivotal platform to address these challenges and unlock opportunities for a more resilient and inclusive financial system.”
PAFON 2.0 is open to payment service providers, fintech firms, banks, regulatory bodies, cybersecurity experts, and all stakeholders invested in the future of digital transactions in Nigeria.
For more information and participation details, visit or contact [Insert Contact Information].
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