E-Business
SiBAN Expels Violators of Code of Conduct, Pledges to Sanitize Blockchain Sector

Stakeholders in Nigeria’s Blockchain sector under the auspices of Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) have begun the process of sanitizing the sector by weeding out bad eggs who brings the sector to disrepute.
The association in a statement released by its President, Obinna Iwuno, said the move became necessary in line with its mandate to promoting and safeguarding the integrity, transparency, and ethical standards of the blockchain industry in Nigeria.
According to the statement, “As part of our mandate, we strive to ensure that our members adhere to the highest ethical and professional standards, particularly in protecting consumers and investors within the blockchain and cryptocurrency space”.
The statement added that investigations and reviews carried out by the association found out that many individuals have flouted its Code of Conduct contrary to the associations mandate and policy.
The statement further read, “following thorough investigations and reviews, several individuals have been found to be in violation of SiBAN’s Code of Conduct, which every registered member is bound to uphold.
“Consequently, these individuals have been expelled from SiBAN, while others have been disassociated due to their unregistered status and unauthorised activities that contravene the association’s objectives and policies.
“SiBAN’s decision to expel and disassociate ourself from these individuals stems from various documented activities that have undermined the association’s credibility, caused confusion among stakeholders, and misled the public”.
The statement listed the reasons for expulsion and disassociation as follows:
Creation of a Parallel Organisation: Some of the individuals involved have attempted to create or promote a parallel organisation purporting to represent SiBAN’s interests. This has led to confusion within the blockchain community, as well as with regulators, investors, and the public.
Misrepresentation of SiBAN: It has come to our attention that certain expelled and disassociated individuals have falsely represented themselves as officials or representatives of SiBAN without proper authorisation.
Illegal Parading as SiBAN Officials: In addition to unauthorised misrepresentation, some individuals have taken further steps to parade themselves as elected officials of SiBAN, even though they hold no such positions within the association.
Violation of SiBAN’s Code of Conduct: SiBAN has a strict Code of Conduct that requires members to comply with ethical standards and regulatory frameworks, including those set by the Securities and Exchange Commission (SEC), Central Bank of Nigeria (CBN), and other government bodies overseeing financial and technological industries.
As a result of these infractions, the association said that the following individuals have been expelled from SiBAN, or in cases where they were never registered members, we disassociate ourself from them:
- Emmanuel Babalola
- Chris Ani
- Senator Ihenyen
- Tony Emeka Nwabishop
- Paul Ezeafulukwe
- Toritseju Kaka
- Jude Ozinegbe
- Stanley Golomo
- Asemota Igiogbe
- Ifeoma Ben
- Iliasu Yakubu
- Others involved in similar activities
“It is important to clarify that while these individuals were either registered members of the association at one time or associated with SiBAN, their actions are not representative of the association’s values or goals”.
It further called on the general public and stakeholder in the industry to beware of this notice and refrain from dealing with these individuals on behalf of SiBAN.
“Given the situation, SiBAN strongly advises all members of the public, businesses, and regulatory bodies, including the Securities and Exchange Commission (SEC), National Information Technology Development Agency (NITDA), Nigeria Financial Intelligence Unit (NFIU), Central Bank of Nigeria (CBN), and other relevant government agencies, to refrain from engaging in any dealings with the aforementioned individuals on behalf of SiBAN.
“These individuals are not authorised to represent SiBAN in any capacity, and any claims to the contrary are false and misleading.
“Any dealings with them under the impression that they are acting on behalf of SiBAN should be considered illegal and should be reported to the association”.
Commitment to Ethical Standards and Consumer Protection, SiBAN reaffirmed its unwavering commitment to ensuring that the blockchain industry in Nigeria operates transparently, ethically, and in full compliance with national regulations.
“As the leading association for blockchain stakeholders in Nigeria, we will continue to uphold the highest standards in all our activities, including the enforcement of our Code of Conduct and the promotion of safe and fair practices in the industry”.
Moving forward the association encourages stakeholders, both in Nigeria and internationally, to engage with SiBAN directly through our official communication channels for any inquiries, confirmations, or reports of misrepresentation.
SiBAN will remain vigilant in addressing any further attempts to mislead the public or operate outside of our established ethical framework.
E-Business
FG Launches Online Citizenship, Business Management Platform

Ministry of Interior has announced the launch of a new Online Citizenship and Business Management Platform in line with the Renewed Hope Agenda of President Bola Tinubu.
A statement signed by Dr Magdalene Ajani, permanent secretary, Ministry of Interior’s said the initiative forms a key part of its ongoing reforms aimed at promoting transparency, enhancing operational efficiency, and significantly improving service delivery to the public.
The new digital platform is designed to streamline the application and processing of citizenship and business-related services, ensuring faster turnaround times and improved user experience.
The platform allows users to apply for and manage business permits, ensuring that both local and foreign businesses operate legally in Nigeria.
It includes an Expatriate Quota System to manage work permits for foreign employees, helping companies hire skilled workers while complying with Nigeria’s immigration laws.
The Citizenship Administration and Management System provides a streamlined online process for applying, tracking, and managing Nigerian citizenship applications and related services.
Members of the public, corporate entities, and other stakeholders are expected to access the platform through the ministry’s website: https://interior.gov.ng , Direct Portal Access: https://candb.interior.gov.ng , or contact candb-support@interior.gov.ng for support and inquiries.
“The Ministry of Interior remains committed to establishing a more efficient, transparent, and secure framework for citizenship administration, while continuously enhancing service delivery through digital transformation,” the statement read in part.
E-Business
NITDA, CISCO Empower Youth with Digital Skills

Fifty selected young unemployed Nigerians have completed a four-week intensive digital skills bootcamp under the Digital Literacy for All (DL4ALL) initiative, gaining practical training in Data Science, Artificial Intelligence (AI), and IT Essentials.
The programme, a collaborative effort between the National Information Technology Development Agency (NITDA) and Cisco, was hosted at NITDA’s South West Zonal Office in Victoria Island, Lagos.
Speaking on behalf of the Director General of NITDA, Kashifu Inuwa , the Head of the South West Zonal Office, Mrs. Chioma Okee-Agugwo, described the initiative as a vital component of Nigeria’s digital future. “This is not just a closing ceremony. It is the launchpad for new journeys—anchored in digital knowledge and powered by innovation,” she remarked.
According to the Director General, the initiative is rooted in NITDA’s Strategic Roadmap and Action Plan (SRAP 2.0) and reflects key focus areas including Digital Literacy, Emerging Technologies, and Youth Empowerment. It also aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to accelerate economic diversification through digitisation, innovation, and skills development.
Inuwa noted that the DL4ALL initiative forms part of Nigeria’s broader commitment to digital inclusion—ensuring that no one is left behind in the evolving digital economy. It also supports the ambitious goal of achieving 70% digital literacy by 2027, championed by the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani. This national vision aims to equip millions of Nigerians with the skills required to thrive in a tech-driven world.
He further emphasized the importance of empowering youth with globally relevant skills. “They are no longer just consumers of technology. They are creators, innovators, and future employers,” he said.
The NITDA boss explained that throughout the bootcamp, participants engaged in hands-on learning experiences designed to build both technical proficiency and digital leadership capabilities.
“This is only the beginning,” he stated. “Through our zonal strategy, we are bringing innovation closer to local communities. This is how we democratise access and unlock Nigeria’s full digital potential.”
Inuwa expressed appreciation to Cisco for delivering high-impact training and called on stakeholders to continue investing in partnerships, people, and platforms that drive digital inclusion.
He asserted that the newly certified participants are now equipped to contribute meaningfully to Nigeria’s digital economy—armed with the skills to build solutions, secure infrastructure, and launch tech ventures that solve real-world problems.
At the end of the bootcamp, participants demonstrated their knowledge through impressive presentations that showcased the integration of skills acquired across Data Science, AI, and IT Essentials. Many spoke passionately about how the programme had expanded their technical competence and sparked a drive to create job opportunities—not only for themselves but also for others—as entrepreneurs and digital solution providers in their communities.
E-Business
Cyberattack Could Cost it Up to $400m – Coinbase

Coinbase forecast a hit of between $180m and $400m from a cyberattack that breached account data of a “small subset” of its customers, the crypto exchange said in a regulatory filing on Thursday.
The company received an anonymous email on May 11, claiming to have information about certain customer accounts as well as internal documents.
While some data — including names, addresses and emails — was stolen, the hackers did not get access to login credentials or passwords, Coinbase said.
Still, it will reimburse customers who were tricked into sending funds to the attackers.
Hackers had paid multiple contractors and employees working in support roles outside the US to collect information.
The company has fired those involved, it said.
Separately, the New York Times reported that the US Securities and Exchange Commission (SEC) was investigating whether the company had misstated its user numbers.
Coinbase shares extended losses after the report and were last down 6.5%.
“This is a hold-over investigation from the prior administration about a metric we stopped reporting two-and-a-half years ago, which was fully disclosed to the public,” said Paul Grewal, Coinbase’s chief legal officer.
“While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close.”
The SEC declined to comment.
The latest developments come days before the company is set to join the benchmark S&P 500 index, casting a shadow over what was expected to be a landmark moment for the crypto industry.
Security remains a challenge for the crypto industry despite its growing mainstream acceptance.
In February, Bybit disclosed a hack in which about $1.5bn worth of digital tokens were stolen — widely described the biggest crypto heist ever.
“The cyberattack may push the industry to adopt stricter employee vetting and introduce some reputational risks,” said Bo Pei, an analyst at US Tiger Securities.
Funds stolen by hacking crypto platforms amounted to $2.2bn in 2024, according to a report from Chainalysis, a US-based blockchain analysis firm.
“As our nascent industry grows rapidly, it draws the eye of bad actors, who are becoming increasingly sophisticated in the scope of their attacks,” said Nick Jones, founder of crypto firm Zumo.
Coinbase has refused to pay a ransom of $20m demanded by the attackers and is working with law enforcement agencies. Instead it has established a $20m reward for information on the hackers.
The company is also opening a new support hub in the US and taking other measures to prevent such cyberattacks, it said.
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