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General News

Top Services Rendered By “Quack” Doctors in Nigeria Revealed

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Prof. C.O Onyebuchi Chukwu, Minister of Health
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Latest weekly poll results released by NOIPolls Limited have revealed that about 2 in 10 Nigerians (24%) may have directly or indirectly been victims of quack or sub-standard medical practitioners.

The poll also identified Typhoid and Malaria Fever as the most prevalent ailments for which majority of the patients (50%) have been treated for by sub-standard medical practitioners, followed by pregnancy and childbirth (11%).

Furthermore, respondents were of the opinion that the health condition of victims became worse after treatment. These were the key findings from the Sub-standard or Quack Medical Practitioners in Nigeria Snap Poll conducted in the week of January 13th 2014.

The researchers said that recent media reports in Nigeria have observed an upsurge in the prevalence of sub-standard or quack medical practitioners, with attendant effects on the physical wellbeing of the populace and life expectancy of the average Nigerian.

“In 2013 alone, there were several reports of arrests made by the Nigerian Police Force in various states, especially in Lagos state. For instance, the Rivers State chapter of the Nigerian Medical Association (NMA) had the police arrest 12 quack medical doctors and also had illegal hospitals in the state shut down. Similarly, several hospitals in Lagos have been closed down for practicing without medical licenses. Other cases include that of Gabriel Onyema and Stephen Nwankwo, who were arrested for causing the deaths of a number of pregnant women, while performing illegal surgical procedures in Lagos,” the NOIPolls said.

Despite annual budgetary allocations to the health sector by various levels of government, the sector still grapples with several challenges: poor funding of the health sector; quality of graduates emanating from medical schools; deplorable conditions of health facilities & infrastructure; and poor remuneration and emoluments for medical workers, all these resulting in incessant strikes and labour actions, giving rise to the illegal practice of medicine in the country by individuals.

In the light of these, NOIPolls conducted its latest poll on the prevalence of sub-standard/quack medical practitioners in Nigeria; in order to gauge the perception of Nigerians regarding their knowledge of the existence of quack medical practitioners and effects on the country’s health sector.

Respondents to the poll were asked five specific questions. Firstly, in order to establish the awareness of the prevalence of sub-standard and quack medical practitioners in Nigeria, respondents who had an understanding of quackery were asked:  Are you aware of the growing prevalence of sub-standard or quack medical practitioners in Nigeria? Overall, majority (79%) of the respondents answered positively to being aware of the growing prevalence of sub-standard or medical practitioners in Nigerian, while 21% of Nigerians responded negatively.

Further analysis, by geo-political zones, indicates that the North-West zone (92%) had the highest proportions of respondents that showed an awareness of the rising prevalence of quack medical practitioners, followed by the North-East zone with 88% and the South-West zone with 83%.

Furthermore, in order to gauge the understanding of Nigerians regarding who really is a sub-standard or quack medical practitioner, respondents were asked: Who is a sub-standard or quack medical practitioner?

Findings revealed that Nigerians have various perceptions on the concept of Quackery, giving a variety of definitions on who is a sub-standard or quack medical practitioner.

Majority (44%) of the respondents, have an understanding that sub-standard or quack medical practitioners are “practitioners with incomplete qualifications”; while 35% of respondents believe they are “individuals that pretend to have medical knowledge”’. 

Furthermore, 8% say they are ‘individuals that use unproven and unscientific remedies’; 2% say they are ‘student practitioners’; and another 2% say they are ‘Native Doctors’. However, about 8% of those polled do not have a definitive idea about quack medical practitioners.

Analysis based on geo-political zones revealed that the North-Central zone (52%) had the highest proportion of Nigerians who define quackery as “practitioners with incomplete qualifications”, while the South-West zone (45%) accounted for the largest proportion of Nigerians (45%) that believe quack medical practitioners are “individuals that pretend to have medical knowledge,” according to result of the survey.

                      


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General News

Burna Boy Distances Himself from Meme Coin, Labels Crypto as Fraud

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Burna Boy, Grammy-winning Nigerian artist, has publicly distanced himself from a meme coin circulating online that falsely uses his name and image for promotion.

Burna Boy Distances Himself from Meme Coin, Labels Crypto as Fraud

Burna Boy

In a statement shared via Instagram, the Afrobeats star made it clear that he has no involvement in any cryptocurrency ventures, describing such schemes as fraudulent.

His comments come amid growing traction of a meme coin allegedly linked to him, which has been circulating on social media platform X (formerly Twitter).

“I don’t do any internet ‘coin’ business. I see it as fraud and I have no interest in any of that,” Burna Boy wrote. “So if you see anyone using my name for such, please disregard or report them.”

The singer urged fans to remain vigilant and to report anyone promoting the crypto project under false pretenses.


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AM Best Reaffirms Stable Outlook for Cyber Insurance Market

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AM Best has reaffirmed its stable outlook for the global cyber insurance market. The rating agency notes that strong demand for cyber insurance coverage is expected to continue, supporting profitability across the sector despite intensifying competition.

Atlas Magazine reports that the small and medium-sized enterprise (SME) segment presents a key growth opportunity, as many SMEs remain underinsured or lack sufficient cyber coverage.

Rising awareness of cyber threats has also led policyholders to enhance their IT security measures, helping reduce potential losses in the event of a claim.

AM Best’s outlook is further supported by several factors, including sustained capital inflows from reinsurers and alternative capital providers, the use of artificial intelligence for more effective risk selection, and favorable regulatory developments.

According to Munich Re, global cyber insurance premiums reached $15.3 billion in 2024, climbing seven per cent year-on-year.

The market is projected to grow at an average annual rate exceeding 10 per cent through 2030.

However, the industry continues to grapple with challenges such as a rise in ransomware attacks, business email compromise, and payment fraud. The growing use of AI by cybercriminals is also amplifying the scale and sophistication of such attacks.

 


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Woodhall Capital and Partners Launch ₦1.5Bn Fund

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L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu, Founder/CEO, Woodhall Capital; Sola Carrena, MD/CEO, Helios Investment; Onyinyechi Aderigbigbe, Head, Brands & Marketing, Woodhall Capital; Jonny Baxter, British Deputy High Commissioner at the signing ceremony of the N1.5bn Creative Sector Fund & Launch of the Creative Currency Podcast at the weekend, Lagos
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Woodhall Capital in partnership with Polaris Bank, Lagos and UK governments have announced the launch of a ₦1.5 billion Creative Sector Fund aimed at expanding access to structured financing for creative entrepreneurs meant to scale their output across fashion, film, music, and digital content.

L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu, Founder/CEO, Woodhall Capital; Sola Carrena, MD/CEO, Helios Investment; Onyinyechi Aderigbigbe, Head, Brands & Marketing, Woodhall Capital; Jonny Baxter, British Deputy High Commissioner at the signing ceremony of the N1.5bn Creative Sector Fund & Launch of the Creative Currency Podcast at the weekend, Lagos

The fund was unveiled during the launch of the Creative Currency Podcast, an initiative designed to foster collaboration between creatives, financiers, policymakers, and global stakeholders.

The platform will serve as both a podcast and policy engagement forum, tackling long-standing challenges such as limited access to finance, weak Intellectual Property(IP) enforcement, and the absence of scalable business infrastructure within the creative ecosystem.

In May 2022, Polaris Bank partnered with the Lagos State Employment Trust Fund (LSETF) to establish a ₦1 billion funding initiative targeted at artisans in Lagos State.

The objective of the partnership was to deliver critical financial support to empower skilled artisans and entrepreneurs within the MSME sector who had maintained active business operations for at least one year ultimately fostering wealth creation and economic inclusion across the state.

At the launch event held on Thursday evening at the Ikoyi residence of the British Deputy High Commissioner, Polaris Bank’s Executive Director, Abimbola Ozomah, who sat on a panel at the launch, emphasized that the fund is a long-overdue response to the structural exclusion of creatives from formal financing systems. She described the initiative as a deliberate attempt to recognize creative endeavours, intellectual property as a bankable asset and to build a framework where creatives are treated as serious entrepreneurs capable of generating significant economic value.

“This fund represents more than capital, it reflects our belief in Nigerian creativity as a global force,” said Polaris Bank’s Executive Director, Abimbola Ozomah. “We’re not just exporting talent. We’re exporting ownership, structure, and long-term value.”

Founder and CEO of Woodhall Capital, Mojisola Hunponu-Wusu, reiterated the urgent need to redefine how the financial system engages with the creative sector. She committed to providing bespoke financial products, advisory services, and investor-matching support tailored specifically for the needs of creative MSMEs.

The UK Government, through the British Deputy High Commissioner, Mr. Jonny Baxter, highlighted its longstanding commitment to Nigeria’s creative economy. The UK-Nigeria Creative Industries Partnership signed in 2024 was cited as a milestone in unlocking trade, investment, and collaborative opportunities between both countries. The Deputy High Commissioner praised the initiative as a blueprint for global creative cooperation.

The Lagos State Government, a key driver of the initiative, reaffirmed its ambition to cement Lagos as Africa’s creative capital. According to the Governor’s representative, Representing the Governor, Mrs. Folashade Ambrose-Medebem, Honourable Commissioner for Commerce, Cooperatives, Trade and Investment, highlighted the state’s efforts in supporting the sector through progressive policy reforms, infrastructure development, and the provision of zero-interest loans of up to ₦10 million via the Lagos Creative Fund. These measures are designed to empower creatives to scale operations, access markets, and formalize their business practices.

The newly launched Creative Currency Podcast is positioned to be more than a media channel. It is a knowledge-sharing ecosystem that brings together local talents, international investors, legal experts, and cultural stakeholders to explore opportunities, identify risks, and share solutions that will elevate Nigeria’s creative industries to global standards.

Throughout the panel sessions, panelists emphasized the need for deeper structure, transparency, and professionalism in the sector. Creators were encouraged to develop clear business plans, maintain accurate financial records, formalize their operations, and assert their rights to royalties and IP protection.

As conversations deepened, financial institutions acknowledged the need for a mindset shift. Traditional risk models, they agreed, must be reimagined to reflect the unique nature of creative enterprises many of which are driven by intangible assets, flexible revenue models, and export potential.

The event concluded with a call to action: invest in the systems, not just the stories. Stakeholders were unanimous in their belief that a more structured, collaborative, and well-capitalized creative economy will deliver jobs, exports, and global relevance for Nigeria.

Polaris Bank has built a strong footprint in financing MSME by committing billions of naira in loans to support MSME operations in Nigeria, with huge lending portfolio dedicated to empower micro, small, and medium businesses meant to grow businesses, create jobs, and build wealth.


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