News
Poor Data Hinders Nigeria’s Growth- Tinubu

President Bola Ahmed Tinubu has hinted at plans by his administration to address what he termed historical inadequacies of policy making hitherto thwarted by a lack of comprehensive data in Nigeria.

Bola Ahmed Tinubu
He regretted the lack of comprehensive data, saying it had been “a technological affliction” that has hindered the growth trajectory of Nigeria and the entire Africa, impeding the ability to make informed governance decisions.
President Tinubu disclosed this during the 2023 Comptroller-General of Customs Annual Conference at Lagos Continental Hotel, Victoria Island, Lagos, saying because data is the guiding light in the ever-evolving landscape of the modern world, Nigeria can no longer afford to function in the dark.
The President who was represented at the conference by Vice President Kashim Shettima, noted that the grand vision of his administration is to deploy data to make sound government decisions.
Shettima in a statement by Stanley Nwocha, his spokesman, described Tinubu as an “accounting virtuoso” with an unparalleled understanding of data and its significance to piloting the affairs of the country, noting that it is due to his knowledge of data as the invaluable gold of the 21st century that the President strategically appointed “tech-savvy Nigerians” into critical government positions in order to ensure strategic planning.
He stated: “Even before we were given this mandate, we knew that every facet of our lives is woven with data. We must not only commit to deploying data to make decisions within the government but also address the historical inadequacies of Nigerian policymaking, often impeded by a lack of comprehensive data. Our current governance landscape demands a transformative intervention, and the solution is what has brought us together today.
“There’s no doubt that the chiming of this clock of modernity is inviting us to take action. It’s inviting us to adopt evidence-based processes and innovative strategies to align policies with the objectives of this administration, to streamline decision-making, and to resolve conflict arising from misinformation and inconsistent policies within the government.”
President Tinubu also underscored the need for the integration of complex data to interpret the patterns of transactions and interactions in international trade, just as he disclosed plans by his administration to turn Nigeria into a hub of export and import activities.
Observing that the benefits of comprehensive data go beyond determining revenue generation, he said, “Data provides the sharpest lens for us to connect the dots, even in establishing the security of our borders. We can easily determine the traffic of people and goods around a specific border and share indisputable information with other nations with just a punch on our computers.
“I assure you that we remain resolute in our belief that Nigeria is unequivocally on track not only to accumulate terabytes of factual surveys but also to establish a robust public service system that upholds data integrity at its core.
“Our ambition extends beyond accumulation; it extends to transformation. We aspire to position Nigeria as the preferred destination for all stakeholders involved in export and import activities overseen by the Customs.”
Expressing delight with efforts by the Nigerian Customs Service to accumulate large amount of data to shape a public service system that upholds data integrity at its core, the President noted that the first step is to invest in the training and capacity-building of “Customs officers to stand shoulder to shoulder, terabyte by terabyte, with the best minds in the world.”
Declaring the conference open, he expressed hope that discussions at the annual event would “set the trajectory for a new era in the Nigeria Customs Service”.
Earlier, BA Adeniyi, Customs CG, while welcoming participants at the event, said the significance of technology in global Customs operation cannot be overemphasised and hence the Nigeria Customs’ adaptation to global requisitions.
He expressed optimism that the Theme of this year’s conference would provide guiding standards and principles in helping the Nigerian government open the frontiers, as it is requisite that the Customs streamline and integrate its services in its bid for global service delivery.
In his goodwill message, Dr Kunio Mikuriya, director general of the World Customs Organisation (WCO), praised the Nigerian Customs for upscaling global service delivery in maritime service delivery.
He said he was optimistic that given the dedication and commitment of the Nigeria Custom in adopting technology as a major leeway in global trade, it was just a matter of time before Nigeria became the reference point in Africa’s Customs revolution.
Also speaking, Babajide Sanwo-Olu, Lagos State Governor, promised that Lagos would continue to adapt to innovations and changing times in global trade.
He promised to ensure seamless infrastructure and a conducive environment to enable the Nigeria Customs Services to not only match global standards and yearnings but to also make the organisation the best in the world.
He praised Customs for adopting technology, stressing that thinking out of the box remains critical to Nigeria’s sustainability and growth, hence the belief that CGC’s theme for 2023 is not only commendable but indeed poignant in Nigeria’s quest for world growth and development.
On his part, the Ooni of Ife, HRH, Oba Adeye Enitan Ogunwusi, praised the commitment of the leadership of the Nigeria Customs to aiding the Tinubu administration in achieving its set eight-point agenda.
He advocated a special economic status for Lagos State, given its contributions to the nation’s economy in terms of revenue generation and developmental impact.
Also in attendance were Chairman, Senate Committee on Customs, Sen. Isa Jibrin; Chairman, House Committee on Customs, Hon. Leke Abejide; Secretary, World Customs Service, Dr. Kunio Mikuriya, and Deputy Governor of Gombe State, Manasseh Daniel Jatau.
Others are His Royal Highness, Oba of Ilaro, Oba Olugbenle Olu; former Minister of Information Alhaji Lai Mohammed, and former Comptrollers of the Nigeria Customs Service, among others.
News
Sanwo-Olu Hails Jumia for Giant Strides in Growing Nigeria’s E-Commerce Sector

The Lagos State Governor, His Excellency Babajide Sanwo-Olu has commended Africa’s leading e-commerce platform, Jumia Nigeria, for its giant strides and in the growth of the country’s e-commerce sector, as well as its unique contributions to its economic development.
He said that Jumia has earned its place as a major brand, with its growth and trajectory in the country’s e-commerce ecosystem over the years which, he said, has made it a household name. He urged the company to not only strive to maintain its excellent service standards, but to also work towards improving them.
The Governor who was speaking during a courtesy visit by the management of Jumia Nigeria to the State House in Marina on Thursday March 27, reaffirmed the strategic importance of the company in the economic development of Lagos State and Nigeria, especially in job creation.
He restated his administration’s commitment in ensuring that Lagos State remains environmentally friendly for businesses to grow.
“Our administration has always prioritized creating an enabling environment for businesses to thrive. Through various initiatives, we have strengthened the ease of doing business, and fostered innovation to drive economic growth, and we will continue to support businesses and create opportunities that will aid in their growth”, Sanwo-Olu said.
Governor Sanwo-Olu said that the Lagos State Government remains open to collaborations with the private sector to enhance service delivery, infrastructure development, and create opportunities for residents, with the aim of building a resilient and sustainable future.
He said the administration recognises the importance of working with the private sector to achieve its goals of improving the lives of its citizens.
Speaking also, the Chief Executive Officer of Jumia Nigeria, Sunil Natraj, thanked the governor for creating an enabling environment in the state for businesses like Jumia to grow. He stated Jumia’s commitment to contributing towards the growth and development of the state, and the country.
Natraj said the company has made tremendous strides from its early days as a tech start-up in Lagos and has grown to become the number one e-commerce platform in Nigeria, with a presence in nine African countries. He said the company presently employs hundreds of Nigerians directly, and thousands more indirectly as independent sales agents and partners.
He restated Jumia Nigeria’s commitment to providing excellent service, focusing on delivering exceptional value and fostering long-term relationships with its customers around the country.
Among other things, he said the company is actively working to enhance customer experience, aiming to simplify the e-commerce process, making it easier for customers to navigate and shop online.
According to him, Jumia aims to transform everyday life in Africa by making it easier for consumers to access goods and services conveniently and affordably, adding that the company is focused on expanding access to retail across the country.
News
NNPC Ready to Go to Capital Market for IPO- CFIO

Nigerian National Petroleum Company (NNPC) Limited has announced its readiness for the capital market with an Initial Public Offer (IPO) now in the final stage.
Mr. Olugbenga Oluwaniyi, chief finance and investor relations officer (CFIO), NNPC, stated this at a consultative meeting with partners at the NNPC Towers, Abuja, on Thursday.
He said the move aligned with the provisions of the Petroleum Industry Act, 2021.
He said NNPCL was currently engaging with prospective partners in an exercise tagged: “NNPC Ltd. IPO Beauty Parade” in line with capital market regulations before the commencement of the IPO.
According to the CFIO, the aim of the IPO Beauty Parade is to assess potential partners and determine in what ways they could be of support to the company.
He listed the areas of partnership required to include Investor Relations, IPO Readiness Advisors, and Investment Bank Partners.
He said the company with the best offer in terms of project partnership would be selected for each of the three categories.
The PIA provides for NNPCL to list its shares in the capital market in line with the provisions of the Company and Allied Matters Act (CAMA) 1990.
News
Court Throws Out Falana’s Fraud Case against Ekeh, Zinox Boss and Others

Federal High Court in the Bwari Judicial Division has thrown out a case of fraud filed against the Chairman of Zinox Technologies, Mr. Leo Stan Ekeh, his wife, Chioma Ekeh, and 11 others.

Femi Falana and Leo Stan Ekeh
This is the umpteenth time.
The latest is the dismissal of the suit by Justice Akpan Okon Ebong of the FCT High Court, who struck out the case filed by Mr. Femi Falana SAN, purporting to act on a fiat donated to him by Mr. Lateef Fagbemi SAN, attorney general and minister of Justice of the Federal Republic of Nigeria, against Mr. Leo Stan Ekeh, chairman of Zinox Technologies, and 12 others.
The other defendants are Mr. Chris Eze Ozims, Oyebode Folashade, Charles Adigwe, Obilo Onuoha, Agartha Ukoha, Anya O. Anya, Femi Dosumu, Nnenna Kalu, Admas Digital Technologies Limited, Technology Distributions Limited and Zinox Technologies Limited.
In the suit No. FCT/HC/CR/985/24 filed in November 2024, Falana, on behalf of his client, Benjamin Joseph, the CEO of Citadel Oracle Concept Limited, an Ibadan-based computer firm, filed charges against Ekeh, 9 other individuals and 3 companies before the Federal High Court in Abuja for allegedly diverting N162,247,513.80 being payment for laptop supply contract at the Federal Inland Revenue Service (FIRS) Headquarters which Technology Distribution Ltd (now TD Africa), the biggest tech equipment distributor in sub-Saharan Africa supplied on behalf of Citadel in 2012.
However, in the certified true copy of the judgment dated March 20, 2025, Justice Ebong ruled as follows: “It is my conclusion based on the foregoing that this charge (No. FCT/HC/CR/985/2024, Federal Republic of Nigeria v Leo Stan Ekeh and 12 ORS) constitutes a gross abuse of court process and is liable to dismissal. I accordingly hereby dismiss it.”
Before arriving at his judgment, which has put the final nail in the coffin of a case that other courts had also dismissed in the past as dead on arrival, Justice Ebong considered the outcome of previous cases and petitions filed by Mr. Joseph, none of which was in his favour.
Justice Ebong said: “One intriguing aspect of this matter is that none of the law enforcement agencies involved in the investigation of the nominal complainant’s (Mr. Joseph) numerous petitions has found merit in any of his allegations against the defendants. When called upon before Senchi J. (Justice Danlami Z. Senchi) to prove his said allegations to the court, he failed to turn up in court. One then wonders on what premise he wants to maintain this campaign of persecution against the defendants.”
Previous judgments on the matter had established that rather than being the culprit, Ekeh and the 12 others were actually the victims of a failed money diversion scheme plotted by Mr. Joseph and Citadel.
When contacted, one of the defendants, Mr. Chris Eze Ozims, a lawyer, said: “This ruling truly reflects our consistent position on the allegations, and it is good that we have been vindicated, once more, by a competent high court.”
He asserted that the judgment of Justice Ebong was consistent with the position of the defendants and in tandem with the rulings of other judges who had previously adjudicated on the same matter.
Mr. Matthew Burkaa SAN, chief counsel to the defendants, described the judgment as a victory for integrity and the rule of law.
Court papers showed that Falana’s suit was based on the same claims that various courts had dismissed in the past as falsehood and baseless. The case arose from a contract between Citadel and Technology Distributions Limited over the supply of computers to the Federal Inland Revenue Service (FIRS), a project fully funded by Technology Distributions and has no bearing whatsoever with Zinox and its promoter, Mr Leo Stan Ekeh.
It will be recalled that Mr. Joseph had lost the case and its adjunct suits at different courts in the past. In his petition to the police in 2013, police authorities discovered that Mr. Joseph provided false information to the police, prompting the Inspector General of Police to charge him for false information in charge no.CR/216/16.
In another case filed by the EFCC in his instance against his partner, Princess Kama, in charge no. FCT/HC/CR/244/2018, Honorable Justice Danlami Z. Senchi of the FCT High Court (as he then was) dismissed as false all the allegations made by Benjamin Joseph, and imposed the sum of N20 million as damages against him for false petitioning in relation to these same allegations.
Earlier court papers showed that Joseph, in his statement on oath in suit No:LD/4335/2014 in the High Court of Justice, Lagos State, dated June 28, 2019, averred that his company, Citadel, did not execute any contract with FIRS and that he was not aware that a contract had been awarded to Citadel.
In his deposition under oath, Joseph claimed that Citadel “did not at any time execute any contract for the FIRS and neither did the 2nd defendant (Princess O. Kama) who is its agent in respect of the contract it bid for with the FIRS deliver/release any documents to the Claimant (Citadel) indicating that the contract it bid for, or any other contract was awarded to it by the FIRS or any other body.”
However, a letter from the FIRS addressed to the chamber of Afe Babalola & Co dated February 11, 2014 (FIRS/PD/GDS/2559) and signed by one Idrissa Kogo, Head Legal Department, stated: “Contrary to your client’s claim that they knew nothing about the execution of the contract awarded to them and that they did not receive any payment for the execution of the contract, our record reveals otherwise.
“Your client instructed FIRS through a letter dated December 13, 2012, to deal with Princess O. Kama (Your client’s agent) in relation to the contract. Through three separate letters dated December 20, 2012, your client instructed FIRS to pay to the client’s account with Access Bank plc. Please note that FIRS acted in compliance with your client’s instruction and with due diligence,” the FIRS letter stated.
The FIRS letter was a response to inquiry by Afe Babalola Chamber, lawyers to Citadel Oracle Concept Ltd and its MD, Mr. Benjamin Joseph, at that time.
The current charges filed by Falana on the basis of a fiat from the Attorney General is the third in a row as Mr Joseph had earlier filed charge no.CR/469/2022, which was struck out by Honorable Justice C. O. Oba of the FCT High Court, by an order dated November 8, 2022.
Determined to push through with his case, Mr Joseph filed the same charges before Honorable Justice A. S. Adepoju of the FCT High Court, and the charges were, once again, struck out by the Honorable Court on March 19, 2024, with Honorable Justice Adepoju holding that: “This matter was brought in dead, extinct and should be confined into the dustbin of history…I hold that the instant suit is an abuse of the process of court, and it is hereby struck out accordingly.”
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