General News
Nigerians May Pay More for Data, Voice Calls
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Telecom companies acting under the aegis of Association of Licensed Telecoms Operators of Nigeria (ALTON) said they may have no choice but increase tariff for voice calls and data over the decision of 14 state governments to increase the cost of right of way (RoW) for telecommunication infrastructure.
Association of Licensed Telecoms Operators of Nigeria warned that the regime of discriminatory tariff regime may become inevitable as they operate under diffrent conditions in some states.
Gbenga Adebayo, chairman, lamented that some states have seen telecoms sector as cash cow that should milked, adding that they come with very spurious taxes, charges and levies.
But this threat is coming barely 72 hours after Isa Pantami, minister of Communications and Digital Economy, said he has written to state governors to comply with the national economic council’s (NEC) resolution on the Right of Way.
The states which hiked the levy are Lagos, Kano, Anambra, Ondo, Cross River, Kogi, Osun, Kaduna, Enugu, Adamawa, Ebonyi, Imo, Kebbi and Gombe.
The RoW charge is the levy paid to state governments for laying of optic fibre on state roads.
At present, the cost of RoW on federal roads is N142 per linear metre.
The 14 states, however, increased RoW fees from between N300-N500 per linear metre to between N3,000-N6,000 per linear metre.
The new management of the Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA) increased RoW fee from N500 per linear meter to N5,000 per linear metre.
A single telecoms operator needs RoW covering thousands of kilometres.
General News
Again, Gambaryan, Binance Executive Accuses 3 Lawmakers, NSA of Demanding $150m Bribe
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Tigran Gambaryan, head, Financial Crime Compliance Unit at Binance, cryptocurrency firm, who was detained in Nigeria for several months last year, has again alleged that three Nigerian lawmakers demanded a $150 million bribe from him.
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Tigran Gambaryan, head, Financial Crime Compliance Unit at Binance
Gambaryan, also alleged that, Nuhu Ribadu, National Security Adviser (NSA) demanded billions worth of crypto accounts to fund his future political ambitions. He, however, did not say in which currency the alleged demand was made.
Tweeting on his X handle, formerly known as Twitter, with the name @TigranGambaryan on Friday, Gambaryan named two lawmakers involved in a meeting of January 5, 2024, at the National Assembly as Peter Akpanke and Philip Agbese, whom he said were working under the committee of Ginger Obinna Onwusibe, while he could not recall the name of the third lawmaker.
Narrating his alleged ordeal in Nigeria on X, Gambaryan said that the lawmakers set up fake cameras and media to make the meeting with his team official but that the cameras were not even plugged in.
Onwusibe is the chairman of the House of Representatives Committee on Financial Crimes, Akpanke is a member of the committee, and Agbese is the deputy spokesperson of the House.
The NSA’s office and the lawmakers have all denied the allegations. This is just as the federal government called on Nigerians to disregard the accusations, saying there are false and outrageous.
Gambaryan, who was detained in February 2024 on a five-count allegation of money laundering, was released on October 23, 2024, on diplomatic grounds due to ill health.
Continuing, Gambaryan said ‘@NuhuRibadu invited us to the official meeting and worked through Sa’ad Abubakar. Another key figure in this situation was Hamma Adama Belloji. Ogunjobi was just a pawn; they used him too. This was sold as a friendly meeting with the NSA, the head of the SEC (Securities and Exchange Commission), and the CBN (Central of Bank of Nigeria) governor and includes a discussion of the briber that was solicited by the House of Representatives.
‘The $26 billion figure they kept pushing publicly as some mystery money escaping Nigeria is complete BS. This information was provided in response to their request and was simply cumulative trade data for Nigerians on the platform. This money didn’t leave Nigeria-it was just people buying and selling crypto. For example, if you trade $100 a hundred times, that’s $10,000 in trade volume, but in reality, you only used $100. Again, just another example of them lying to cover up their BS investigation.
‘They lied about Nadeem escaping during mosque prayers. In reality, he returned and escaped afterwards. I don’t know exactly how he managed to flee. He emailed me in November, but we haven’t discussed the details of his escape. It’s possible he paid someone off, but I have no proof. If Belloji had simply checked his passport for a visa, he would have realized that Nadeem did not use that passport to travel to Nigeria.
‘They sent a letter to the U.S. Embassy and the British High Commission, falsely claiming that we were voluntarily participating in strategic talks. This was a blatant lie’, he said.
While noting that some Economic and Financial Crimes Commission (EFCC) officials, who were not present when Nadeem escaped, were detained, he added that: ‘Nadeem did not escape lawful detention-we were being held illegally. Belloji even admitted that he would fabricate evidence to obtain a court order to detain us for 14 days. Once the court order expired, they were unable to get an extension from the judge. At that point, they continued holding us illegally and had no justification for doing so.
‘There was a lot of noise about using Interpol to capture Nadeem. As someone who has been involved in multiple extradition cases, I can confidently say this was a joke. Extradition is a lengthy legal process, and no rational judge in Kenya or wherever would ever approve extradition for someone who escaped illegal detention at the hands of rogue law enforcement-especially when that detention involved holding employees hostage to pressure their employer. All noise’, he said.
Our company was a scapegoat’
Gambaryan stated further that Binance was made a scapegoat for the naira’s devaluation, when it was the direct result of President Bola Ahmed Tinubu’s ‘monetary policy’. According to him, the Nigerian operatives violated international privacy laws on user data on all Nigerians to target opposition members for allegedly ‘manipulating the price of the naira.’
Accusations against Ribadu
Gambaryan said Ribadu emphasised that he wanted billions in payouts to fund his future political ambition but was ‘trapped’ because any settlement would be perceived as a bribe. He added: ‘I guess he really wanted his boss’ job.’
He added: ‘Ribadu even hired a U.S. law firm to negotiate my release, but this failed due to their incompetence and greed.
‘Ribadu overstepped his authority and embarrassed Nigeria in front of U.S. National Security Advisor Jake Sullivan. Ribadu acting like… angered the White House and led to diplomatic repercussions-the U.S. limited visas to the Nigerian delegation for UNGA (United Nations General Assembly), and (President Joe) Biden refused to meet with Tinubu until my situation was resolved.
‘In the end, Ribadu overestimated his influence. They thought they could secure a quick win, but instead, they created an international incident, exposing his incompetence on a global scale,’ the Binance executive said.
The federal government has however called on Nigerians to disregard what it called falsehoods being peddled by the Binance executive.
In a statement issued last night, Mohammed Idris, the Minister of Information and National Orientation.
It noted with concern the ‘outrageous allegations, misinformation, and defamatory statements being disseminated by Tigran Gambaryan’.
He said while the federal government is hesitant to engage Mr Gambaryan, ”given the high-level diplomatic intervention that resolved his case, we are obliged to set the records straight to stop his falsehoods from gaining grounds.
‘The first visit by Mr Gambaryan and his colleagues to Nigeria was discretional on their part and government was not officially involved. However, when the attention of the government was called to an alleged bribery demand during that trip, an investigation was immediately opened into it, though there was no formal complaint by anyone.
‘Mr Gambaryan’s second visit to Nigeria was part of a wider probe into the criminal manipulation of the Nigerian currency through peer-to-peer platforms like Binance, but investigators were frustrated by the tactics deployed by Gambaryan and his team.
‘Mr Gambaryan was released by the Nigerian government in October 2024, on humanitarian grounds and following a high-level diplomatic intervention that ended with tangible benefits for Nigeria.
The government rejected Binance’s offer of a $5 million down payment in exchange for Mr Gambaryan’s freedom, in favour of a more beneficial settlement with the American government.’
The minister added, ‘we categorically deny the retaliatory claims made by Mr. Gambaryan against Nigerian officials involved in his case, and we urge the public to disregard these false accusations in their entirety.
‘It is essential to note that Mr. Gambaryan’s allegations are not only unsubstantiated but also lack credibility, given his apparent motive to discredit and intimidate those who ensured he faced justice.
‘However, we are confident that both the Nigerian and American judicial systems will provide Mr. Gambaryan with a fair opportunity to substantiate his claims in court. Until then, we advise the public to exercise caution and not be swayed by Mr. Gambaryan’s unfounded and malicious claims.’
Also speaking on the allegations, the lawmakers mentioned denied demanding bribe from Binance, asking Mr Gambaryan to provide evidence to back his allegations or be ready to face consequences.
One of the affected lawmakers and deputy spokesman of the House, Agbese, said he was ‘outraged’ by the ‘false’ allegation as he was not part of any meeting with the Binance team, but had a chance encounter with them when he visited his friend, Akpanke.
He said: ‘Let it be on record that I am not a member of the Committee on Economic and Financial Crimes. I visited my colleague, Peter Akpanke, in his office, where he was meeting with some visitors about the activity of his committee, with Peter Anekwe, a member of the committee present. We exchanged pleasantries and, in character with my person as an avid pursuer of knowledge, discussed Binance’s activities that did not include any demand from anyone.
‘It was during this visit to the office of Peter Akpanke, with Peter Anekwe present, that he told me they were interfacing with the Binance team from abroad over a referral to their committee. What transpired between the two of them and the Binance executive after I left the office is left to them. I never saw those visitors again after that chance meeting and did not afterwards attend any meeting with Binance executives, the EFCC, or the DSS (Directorate of State Services).
‘I am aware that when this issue was first raised, the chairman of the committee went to court and Binance apologised. So, all inquiries should be directed to the committee, not to Philip Agbese.
‘I have never used any cryptocurrency as I do not have a crypto wallet anywhere in the world, so I could not have asked for funds to be credited to a non-existent wallet.
‘Gambaryan and his associate, who escaped from prison, should return to the EFCC and defend themselves. Instead of trying to implicate me, they should focus on addressing the allegations against them’, he said.
Agbese demanded a retraction and an apology from Gambaryan within seven days if he failed to provide evidence or face legal action from his lawyers.
When contacted, Akpanke also denied demanding bribe from Binance executives as alleged and challenged Gambaryan to provide evidence that he (Akpanke) and other members of the committee demanded gratification from him as alleged.
Akpanke said: ‘Whatever we did with Binance was transparent; it was an open thing. Is it just to allege; how did we demand? This is the question you people should ask them as journalists. Where did we demand it? What for? Did the Nigerian government not charge them to court? If there were such a thing, why did they charge them to court? It is not true. I have not met Binance executives since we had a meeting with him in my office, in which I represented the chairman and everything was open and transparent. There was nothing hidden’.
While maintaining that he had no contact with the firm after submitting his investigation report to the chairman of the committee, Akpanke said the allegation had been made before and there is a pending court case about it and the firm had failed to show up.
Meanwhile, efforts to get the reaction of the chairman of the Financial Crimes Committee, Ginger Onwusibe, were not successful as he did not respond to calls and WhatsApp messages sent to him.
But a top government source said Gambaryan was being economical with the truth.
Efforts to speak with the NSA, Ribadu, were not successful. Also, Zakari Mijinyawa, who speaks on behalf of the office, could not be reached.
‘He (Gambaryan) contradicted himself because in one place he said Ribadu asked him for bribe to fund his future political ambition, and in another place, he said any money collected by Ribadu will be seen as bribe’, said the source.
General News
SANEF Appoints Uche Uzoebo as New Chief Executive Officer
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Shared Agent Network Expansion Facilities (SANEF)Limited has appointed Mrs. Uche Uzoebo as its new Managing Director/Chief Executive Officer, effective February 2025.
Mrs. Uche Uzoebo succeeds Mrs. Ronke Kuye, who was the pioneer Chief Executive Officer and under whose leadership SANEF Limited experienced growth and success in its core mandate of expanding and deepening Financial Inclusion and Agent Banking. Uzoebo brings extensive experience, knowledge and expertise to her new role.
Prior to her appointment, she served as the Chief Distribution and Stakeholder Engagement Officer of SANEF Limited since inception and is credited with driving business, stakeholder expansion and strategic initiatives that has enabled the organization to meet its core objectives through Agent Expansion; Account Opening; Product & Services; Technology Solutions; Policy Advocacy; Stakeholder Engagement, Financial Literacy, Capacity Building and Awareness.
As the Chief Distribution and Stakeholder Engagement Officer of SANEF Limited, Mrs. Uche Uzoebo also collaborated closely with regulators, banks, financial service providers, developmental organizations, enterprise support organizations, non-governmental organizations, private sector, government agencies to expand financial access points, digital financial services, economic and financial inclusion through agent networks, financial literacy and innovative technology solutions.
Uche is a passionate and renowned expert in financial inclusion, digital transformation, inclusive finance and women empowerment in Nigeria. With over two decades of cognate experience in banking and financial services, she has established herself as a thought leader and passionate advocate for financial literacy and advocacy, training, inclusive finance, women empowerment and breaking economic barriers.
Her strong business acumen and leadership qualities have driven the advancement of digital financial services, economic and financial inclusion in the ecosystem.
Mrs. Uche Uzoebo has led strategic project initiatives focused on expanding economic inclusion and diligently worked on empowering women as a gender specialist and advocate with special focus on supporting women entrepreneurs; digitally transformed businesses and society.
As a reputable certified trainer, Uche has delivered high-impact training and well-tailored programmes to deepen knowledge and thought leadership. She has also contributed to published works, spoken at fintech and finance related conferences, thereby providing a strong voice in advancing financial inclusion and digital payment.
Her practice engagements involve policy and strategic management interventions. Under her leadership, SANEF Limited is committed to achieving excellence, greater growth, development and expansion to stakeholders in the ecosystem.
Uche is a certified Product Manager, certified Licensed National Business Development Service Provider (BDSP), member of the Association of International Product Marketing & Management (AIPMM), Global Women in Management (GWIM), Honorary Senior Member (HCIB) – the Chartered Institute of Bankers of Nigeria (CIBN), a fellow of Acumen, West Africa and a fellow of The Microfinance Association, UK. SANEF serves as an enabler in the economic and financial inclusion ecosystem in Nigeria, collaborating with various Stakeholders to expand the frontiers of Financial Inclusion.
General News
NDPC Joins Forces with NJI to Bolster Data Privacy in Nigeria
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In line with its objective of safeguarding the data privacy rights of Nigerians, the Nigeria Data Protection Commission (NDPC) has secured the support of the National Judicial Institute (NJI). It will be recalled that the NJI is responsible for the training of judicial officers in Nigeria from magistrate courts to the Supreme Court of Nigeria.
During a courtesy visit of the Commission, to NJI, the National Commissioner and CEO of the NDPC, Dr Vincent Olatunji lauded the management of NJI under the leadership of Hon. Justice Salisu Garba Abdullahi, (Rtd) for the milestones the Institute has achieved in human capital development particularly in relation to judicial officers and fellows of the institute.
While commenting on the importance of the Nigeria Data Protection Act in the face of disruptive technologies, Dr. Olatunji reiterated the need to collaborate with NJI in keeping judicial officers abbrest of privacy Jurisprudence. He noted that decisions on enjoyment of data privacy rights in relation to one citizen have fundamental implications on all citizens.
“It is the digital age, and the protection of the privacy of all citizens worldwide is paramount. It is now the right of all citizens to have their privacy protected. This is why countries across the globe are putting adequate measures in place to ensure enforceable data protection rights, as well as establishing data protection authorities to enforce data protection laws,” Dr Olatunji stated.
In his response, Hon Justice Abdullahi commended the NDPC, under Dr Olatunji’s leadership, for its significant achievements since its establishment. He pledged to collaborate with the NDPC to raise awareness on data protection and privacy within the judiciary and accepted the NDPC’s proposal anchored on capacity building for judges, NJI fellows, and employees.
According to the eminent jurist “The issue of data protection is very important. It is new, and judges need to be trained. The first step we should take is to review the Act (NDP Act) that established the Commission. Additionally, there is a need for us to train our fellows on data protection.”
NJI and NPC have put in place a technical working group that will draw up a work plan and coordinate the initiatives for capacity building. The working group is expected to report back within days in order to commence implementation.
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