Financial Inclusion: SANEF’s Uche Uzoebo underscores AI as next frontier - ITREALMS

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Given the progress made in accelerating financial inclusion to unbanked and underbanked communities in Nigeria, the Shared Agent Network Expansion Facilities Limited (SANEF) has underscored Artificial Intelligence (AI) as the next step to advancement in financial services in the country, reports ITREALMS.

She made this assertion at the just concluded Payments Forum Nigeria (PAFON 2.0), Uche Uzoebo (Mrs.), MD/CEO, SANEF Limited, noted that as technology evolves rapidly within the financial ecosystem, Financial Inclusion must continue to be at the center of the nation’s progress.

CBEX collapse: EFCC declares 8 persons wanted - ITREALMS

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Some eight persons including four foreigners and four Nigerians have been declared wanted over alleged N1.3 trillion scam using the Crypto Bridge Exchange (CBEX), a digital trading platform, reports ITREALMS.

The Economic and Financial Crimes Commission (EFCC) made this declaration Friday in a publication on its X handle.

Starlink Gen 3: Faster, Better Internet Connectivity - ITREALMS

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Starlink, the world's leading provider of satellite launch services and a major internet service provider in Nigeria, has raised the bar with its latest Gen 3 kit. This cutting-edge hardware delivers unprecedented performance and convenience, following a significant upgrade in design to meet the demands of Nigerian homes and businesses. 

The new Starlink Gen 3 kit is available on e-commerce stores like Konga.com. It is equipped with a Wi-Fi 6 chipset. The device has also seen a significant boost in its data speed, enhanced to handle heavy data requirements. This upgrade is particularly beneficial for smart homes where multiple devices compete for bandwidth simultaneously.

PCRC urges youths to join Committee to prevent crimes - ITREALMSA

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The Police Community Relations Committee (PCRC), has urged youths to join the committee to ensure prevention of incessant
armed robbery, kidnapping, terrorism and other criminal activities in the community.

The National Vice Chairman South West Geopolitical Zone of Police Community Relations Committee (PCRC), Elder Prince Sunny Yemi Adenowo, said the youths are the greater of tomorrow and once they are not carried along and catch them young in community policing it will jeopardize the image of the community in future.

IXPN marks historic 1 Terabit of domestic traffic milestone - ITREALMS

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Nigeria’s leading Internet Exchange Point (IXPN) has crossed the 1 Terabit per second (1Tbps) in aggregate peak domestic internet traffic for the first time, reports ITREALMS.

Making this disclosure, the Chief Executive Officer, IXPN, Mr Muhammed Rudman, said the milestone signified a major leap forward in developing Nigeria’s internet infrastructure.

Its official! Pope Francis passes away on Easter Monday @88, conclave to begin May 6 - ITREALMS

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Remmy Nweke/ DoP

Its now official that Pope Francis passed away on Easter Monday, April 21, 2025, at the age of 88, in his residence at the Domus Sanctae Marthae in Vatican City, reports ITREALMS.

His death was announced by Cardinal Kevin Farrell, the Camerlengo of the Holy Roman Church, in a broadcast by Vatican Media, earlier on Monday.

GOCOP congratulates member, Femi Soneye over NIPR spokesperson of the year 2025 award - ITREALMS

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The Guild of Corporate Online Publishers (GOCOP) has extended its warmest congratulations to Mr. Femi Soneye, Chief Corporate Communications Officer at the Nigerian National Petroleum Company Limited (NNPC Ltd), on his prestigious win as the Spokesperson in the Oil and Gas Sector Award for 2025.

The award was given to him on Thursday, April 17 by the Nigerian Institute of Public Relations (NIPR).

Charles Ponzi and testimony of the serpent by Fr Kevin Ugwu - ITREALMS

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Robbing Peter to pay Paul:
Any day you hear of "Ponzi scheme", just remember it was named after the Italian-born con artist Charles Ponzi. This was as far back as the 1920s.

Also, anytime you hear of robbing Peter to pay Paul, remember it is the working style of any Ponzi scheme.

EVC Maida highlights importance of tabling unclaimed airtimes - ITREALMS

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The Executive Vice Chairman/CEO of the Nigerian Communications Commission, Dr. Aminu Maida, has highlighted the importance of discussing matters that affect both consumers and operators, especially on unclaimed airtimes, reports ITREALMS.

The forum aimed to address emerging challenges in the telecommunications industry, particularly regarding prepaid balances on inactive accounts.

Tale of 58 Ponzi schemes and 30 signs of scam to watch – Stay Alert! - ITREALMS

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Remmy Nweke

Preamble:

As the weekend and holiday approach, it's essential to be aware of the dangers lurking in the financial world in the last few days. Though, the Economic and Financial Crimes Commission (EFCC) had issued a warning about 58 Ponzi schemes operating in Nigeria, it's crucial to understand the risks involved, even as many schemes seem to debut daily.

Noteworthy is that in the last seven days, about two known ponzi schemes namely Cyrpto Bank Exchange (CBEC) and ADK Services have collapsed with trillions of hard earned Naira developing wings.

Ponzi scheme operators warned by EFCC - ITREALMS

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Here are the some Ponzi scheme operators warned by the Economic and Financial Crime Commission (EFCC):

1. Wales Kingdom Capital : Operating a Ponzi scheme

2. Bethseida Group of Companies : Running an illegal investment scheme

OzoIgboNdu Arthur Eze backs Soludo second term - ITREALMS

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Prominent oil magnate and philanthropist, OzoIgbondu Arthur Eze, has publicly endorsed Governor Chukwuma Charles Soludo's bid for a second term, reports ITREALMS.    

While endorsing Soludo, Arthur Eze labeled his challengers as lacking both credibility and vision, as he expressed admiration for Soludo’s accomplishments over the past three years, emphasizing that divine destiny has a role in the Governor Soludo's leadership.

Like CBEX like ADK: Collapse of ponzi schemes - ITREALMS

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Like the Crypto Bank Exchange (CBEX). a cryptocurrency platform that promised high returns on investments, but have been accused of being a Ponzi scheme, ADK Services has apparently collapsed too.

The ADK Services on the other hand, which has apparently collapsed too, has been accused of being a Ponzi scheme, and reportedly collapsed, leaving thousands of Nigerians with significant financial losses.

Soludo felicitates Dr Onyechi Ikpeazu on birthday - ITREALMS

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The Governor of Anambra State, Professor Chukwuma Charles Soludo, has expressed warm felicitations to Dr. Onyechi Ikpeazu (Ezennia) SAN, an esteemed legal luminary on the auspicious occasion of his birthday.

In his goodwill message, Governor Soludo commended Dr. Ikpeazu's distinguished career as a proof of absolute dedication, intellectual prowess, and an unyielding commitment to the tenets of justice and the rule of law.

EFCC, Interpol after CBEX behind N1.3trn Nigeria scam - ITREALMS

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The Economic and Financial Crimes Commission (EFCC) has estimated the sum of N1.3 trillion as what Nigerians lost to fraudulent online investment platform, CryptoBank Exchange (CBEX), reports ITREALMS.

This is coming as InterPol has joined forces to hunt leaders of CBEX in the Nigeria scam.

Fuse partners CheckPoint, deploys first advanced blockchain firewall - ITREALMS

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The Layer 2 payments blockchain Fuse has announced that it has partnered with Check Point Software Technologies Ltd a pioneer and global leader of cyber security solutions, to develop and deploy a real-time threat prevention security layer protecting its entire blockchain, reports ITREALMS.

Fuse’s commitment to integrate a best-in-class web3 security layer has been driven by a desire to lead by example and to prevent hacks and other incidents that are a constant threat across the omnichain landscape.

Makinde: Infrastructure, security enablers for economy - ITREALMS

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The Governor of Oyo State, ‘Seyi Makinde, has declared that he will not be distracted by the clamour in some quarters for him to run for Presidency in 2027.

The governor noted that he would not allow anyone to set an agenda for him, adding that as of now, he remained committed to delivering infrastructure, policies and programmes that will make lives more meaningful for the people, which is the mandate given to him by the Oyo State people.

CRTS Global acquires RAE Energy’s coatings business - ITREALMS

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The CRTS Global LLC (CRTS) has acquired the RAE Energy’s coatings business (RAE Coatings), an investment that significantly enhances CRTS’ leadership in the global pipeline coatings market. The acquisition positions CRTS as the only provider that delivers complete internal and external pipeline field joint coating solutions for the offshore sector.

CRTS, a portfolio company of Voyager Interests, a Houston-based private equity firm, is the global leader in internal robotic field joint coating services for onshore and offshore natural gas, crude oil, potable water, salt water, hydrogen and carbon capture pipelines. CRTS has completed coating services on more than three million field joints and has more than five hundred coating machines delivering its services worldwide.

Standing Committees: IPI Nigeria names Idris, Emma Agu, Egbemode, Garba Shehu, Ohwahwa, 24 others - ITREALMS

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The International Press Institute (IPI) Nigeria has appointed some prominent media personalities to its standing committees, aimed at promoting press freedom and responsible journalism in Nigeria, reports ITREALMS.

The committees include Fundraising, Programming, Advocacy, and Membership, each comprising seasoned industry professionals.

Shell commends Oloibiri Lecture Series as platform for change - ITREALMS

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One of the sponsors of the Oloibiri Lecture Series and Energy Forum (OLEF), the Shell Nigeria Exploration and Production Company Ltd (SNEPCo,) has commended OLEF for driving change in Nigeria’s energy sector through discussions that centre on business performance, cost discipline and process simplification, reports ITREALMS.

“This event is special to the Shell brand, not only because of the nostalgia of Oloibiri but the quality of discourse it has enabled in our sector over the years,” SNEPCO Managing Director Ronald Adams said in a goodwill speech delivered by General Manager, Wells and Geosciences Operations Joe Mordi. He said: “We are grateful to the Society of Petroleum Engineers and our host the Petroleum Technology Development Fund (PTDF) for another successful outing.”

Organised by the Society of Petroleum Engineers (SPE) Nigeria Council, the Oloibiri Lecture Series and Energy Forum began in 1991, in commemoration of the country’s first commercial oil discovery by Shell at Oloibiri, Bayelsa State, in 1956. Ronald said recent developments in the Upstream and Downstream sectors of the energy industry, including the $5-billion final investment decision by Shell in the Bonga North Deepwater project echoed the sentiments around the first oil discovery.

“These strides come with a commitment to excellence required of us – for stakeholders, colleagues, our country and indeed, future generations. The theme for this year ‘Driving energy sustainability through technology, policy and supply chain excellence’ reflects this commitment. The future is bright, and we have the opportunity to co-create it.”

11-yrs after Chibok Girls: Lasisi makes case for remaining captives in his new poetry video - ITREALMS

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Performance poet and journalist, Akeem Lasisi, has called on the Federal Government and other stakeholders to intensify the search for the remaining Chibok Girls in the captivity of Boko Haram.

The award-winning poet does this in his newly released video of ‘Ẹyẹ Ìgbò: For Chibok Girls’, a track off his 2024 album titled ‘Òrèrè: A Gift of Poems’.

Marine & Blue Economy Minister, appoints Dr. Bolaji, Media And Communications Adviser - ITREALMS

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The Honourable Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola (CON), has approved the appointment of Dr. Bolaji Akinola as his Adviser on Media and Communications.

Correspondent reports that Dr. Akinola, a highly respected maritime and corporate communications expert, will bring his over two decades of experience and expertise in Maritime and logistics to bear in his new role as the media adviser to the honourable minister.

Phot speak: Gov Makinde Hosts PDP Governors Meeting

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The Governor of Oyo State, Engr. Seyi Makinde has played host to members of the PDP Governors forum held at  Oyo State Governor's Office, Secretariat, Ibadan, reports ITREALMS.

PAFON 2.0: Palmpay MD promises better deals for customers - ITREALMS

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The Managing Director of Palmpay Digital Banking, Mr. Chika Nwosu, has promised a better service to the customers so as to alleviate the challenges of financial accessibility in Nigeria, reports ITREALMS.

The MD lamented that currently the fintech industry is facing challenges of regulatory compliance, lack of tech expertise, user retention and user experience and service personalization. Adding that Palmpay is committed to solving these challenges.

Time to restructure NTA, FRCN/VON, recover Daily Times by Martins Oloja - ITREALMS

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A simple birthday celebration of one of the organic “Daily Times” icons who arrived on the 7th floor on April 1, 2025, Mr. Ndubuisi James Ugbede and the Minister of Information Alhaji Idris Mohammed Malagi’s remark in Las Vegas, Nevada, United States, where he is attending the National Association of Broadcasters (NAB) Show 2025, provoked a revisit of two old commentaries on this column in 2018 and 2023.

On Thursday this week, (April 10, 2025) at the Lagos Council of the Nigeria Union of Journalists (NUJ), Iyalla Street, Alausa Ikeja, a remarkable colleague Mr Lekan Otufodunrin and I were guest speakers at a symposium organised in honour of a former Director of Times Journalism Institute (TJI) under the aegis of Times Journalism Alumni Association (TJAA) now headed by Mr Clifford Agugoesi.

Some takeaways from stakeholders engagement forum on unclaimed recharges - ITREALMS

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Here are some takeaways from stakeholders engagement forum on unclaimed recharges hosted recently by the Nigerian Communications Commission (NCC), reports REMMY NWEKE.

JAMB Mock Exam: Chaos @Winsford Comprehensive College - ITREALMS

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Thursday, April 10, 2025, was supposed to be a routine day for candidates at Winsford Comprehensive College in Igbogbo, Ikorodu, Lagos, as they sat for their JAMB Mock Exam. However, the day turned into a nightmare for many based on network related issues and lack of communication, reports ITREALMS.

Parents and candidates, ITREALMS gathered, arrived at the venue as early as 5 am, eager to get the exam underway, scheduled for 6:30 am. Despite the early start, candidates were not led into the exam hall until 7:30 am. But the troubles had only just begun.

Ugbede @70: Lack of political economy, hinders press freedom reforms says Oloja - ITREALMS

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A renowned journalist and former Managing Director and Editor-in-Chief of The Guardian Newspaper, Mr. Martins Oloja, has called for a total media reform in Nigeria, describing lack of political economy of press freedom as the main missing link bedeviling ethical journalism in 21st century, reports ITREALMS.

Speaking at the median edition of the Times Journalism Alumni Association (TJAA) symposium in commemoration of the 70th birthday of the former director, Times Journalism Institute (TJI), Mr. Ndubuisi Ugbede at the Conference Hall of the Ladi Lawal House, Lagos State Council Secretariat of the Nigeria Union Journalists (NUJ), Alausa-Ikeja on Thursday, Oloja, who dwelt on "Ethical Journalism in 21st Century: The Missing Links" noted lack of political economy of press freedom as main missing link frustrating ethical journalism.

50,000 poor families benefited from ADF rice distribution @Kebbi, Gombe States - ITREALMS

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As part of the 2025 Annual National Food Intervention Programme, the Aliko Dangote Foundation (ADF), has distributed 50,000 bags of rice to poor and vulnerable families in Kebbi and Gombe States, reports ITREALMS.

The intervention which took place in Aliero Local Government Area of Kebbi State on Thursday, witnessed the Commissioner for Special Duties, Alhaji Zayyanu Aliero, saying the gesture was in line with the core values of the Foundation's founder, Alhaji Aliko Dangote.
“This is commendable gesture, especially as it will improve the living conditions of the poor and most vulnerable people in the state.

Oyo State to partner US on investments, education - ITREALMS

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The Oyo State governor, 'Seyi Makinde, has declared his administration's readiness to partner with the United States of America to explore opportunities in solid minerals development, agribusiness, education and other investment opportunities that will benefit both parties.

The governor stated this on Wednesday, when a delegation from the United States Consul-General, led by the Deputy Chief, Political and Economic Section, Kenise Hill, paid him a courtesy visit at the Governor's Office, Secretariat, Ibadan.

Nigeria posts $6.83bn balance of payments surplus in 2024 - ITREALMS

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The Central Bank of Nigeria (CBN) has revealed that a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, reports ITREALMS

This the apex bank said, marks a decisive turnaround from deficits of $3.34 billion in 2023 and $3.32 billion in 2022.

Book on Nigeria local content by Ezeobi debuts - ITREALMS

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A book on the Nigeria local content and stratrgic communication authored by Dr Obinna Ezeobi has made a debut, reports ITREALMS.

Ezeobi in the book titled the "Nigeria’s Local Content: A Journey of Strategic Communication and Economic Transformation”
provided detailed account of how skillful communication initiatives, stakeholders management strategies and effective collaboration among key players in the oil sector.

Pioneer chairman, MTN Nigeria, Pascsl Dozie passes away @85 - ITREALMS

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The pionner chairman, MTN Nigeria, and founder of Diamond Bank, Chief Pascal Gabriel Dozie, has passed away at the age of 85 years, reports ITREALMS.

He died on Tuesday, just a day before his 86th birthday, due to age-related illnesses.

ITU regional forum for Africa, prep meeting open in Kenya

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The three-day Regional Development Forum for Africa Region (RDF-AFR) and Regional Preparatory Maeeting kicked off on Monday 7 April 2025 in Nairobi, Kenya, with African ministers calling for proactive collaboration in development of Information and Communication Technologies, reports ITREALMS.

This would be followed by the Regional Preparatory Meeting for WTDC-25 for Africa (RPM-AFR) from 8 to 9 April.

National President, Women in Energy, Oil and Gas to Chair The Bullion Lecture - ITREALMS

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World-renowned energy executive, industry thought leader, advocate for women in leadership, and National President of Women in Energy, Oil and Gas (WEOG), Tolulope Longe, is to chair the 2025 edition of The Bullion Lecture. 

The theme of the lecture is “Architecting the Energy Sector for Nigeria’s $1-Trillion Economy Vision”. The lecture is scheduled for 10am on Thursday, April 10, 2025 at The Civic Centre, Victoria Island, Lagos.

Owu in Diaspora supports Olumide Ogunleye for next Oba of Akinale - ITREALMS

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Owu in Diaspora drum support for Olumide Ogunleye as next traditional ruler of Akinale the Obaship ambition of Prince Olumide Ogunleye to become next traditional ruler of Akinale town of Ewekoro local government area of Ogun State under Owu kingdom of Egbaland has received positive boost, as a group consisting of Owu indigenes in the Diaspora endorsed his candidature.

The group under the aegis of Omo Olowu Oduru in Diaspora gave the endorsement in a communique issued by the coordinator Engr Oluyemi Ogundele from Vienna, Austria.

Change of Baton: Ojulari Takes over from Kyari, pledges consolidation - ITREALMS

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Finally, theThe new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr. Mele Kyari, reports ITREALMS.

In a brief handover ceremony held at the NNPC Towers on Friday, the GCEO commended Kyari for his contributions to the growth of NNPC Ltd and his sterling service to the nation.

Fast-Rising Musician, Dripping Louis, Stabbed to Death by Uncle - ITREALMS

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A budding Nigerian musician, Dripping Louis, was stabbed to death by his uncle in Ibadan, Oyo State. The incident occurred on a fateful evening when Louis and his uncle got into an argument over a bottle of Maltina.

Eyewitnesses revealed that the argument started when Louis's uncle, who was reportedly drunk, demanded the bottle of Maltina from Louis. When Louis refused, the uncle became violent and stabbed him multiple times.

Femi Falana, Citadel and Zinox: An Embarrassing Judicial Persecution by Adewale Odumosu - ITREALMS

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A major test for the Nigerian judiciary was the March 20, 2025 judgment of Justice Akpan Okon Ebong of the FCT High Court, who struck out a case filed by Mr. Femi Falana SAN, purporting to act on a fiat donated to him by the Attorney General and Minister of Justice of the Federal Republic of Nigeria, Mr. Lateef Fagbemi SAN, against the Chairman of Zinox Technologies, Mr. Leo Stan Ekeh, and 12 others.

In the certified true copy of the judgment, 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.”

Gov Makinde receives Oyo State ASPs Cadets - ITREALMS

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The Oyo State Governor, Seyi Makinde has received in audience the Regular Course 7 ASP contingent from the state, reports ITREALMS.

Also in audience during the visit include the Chief of Staff to Oyo State Governor, Hon Segun Ogunwuyi; Speaker, Oyo State House of Assembly, Hon Debo Ogundoyin; Head of Service, Mrs Olubunmi Oni; Commissioner of Police, Oyo State Command, Johnson Adenola; Special Adviser on Security, CP Fatai Owoseni (rtd) and other Cadets.

Earthquake @NNPCL: Tinubu dismisses Akinyelure, Kyari as Kida, Ojulari take over - ITREALMS

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Nigerian President, Bola Ahmed Tinubu, has made significant changes to the Nigerian National Petroleum Company Limited (NNPCL) by dismissing the board chairman, Pius Akinyelure, and the Group Chief Executive Officer (GCEO), Mele Kyari, effective April 2, 2025, reports ITREALMS.

This move, according to presidency sources, is aimed at enhancing operational efficiency, restoring investor confidence, and driving sectoral reforms.

Professor Nnaji to deliver The Bullion Lecture'25 - ITREALMS

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Globally renowned energy expert, Professor Barth Nnaji, has been confirmed to deliver the 2025 edition of The Bullion Lecture. The theme of the lecture is “Architecting the Energy Sector for Nigeria’s $1-Trillion Economy Vision”. The lecture is scheduled for 10am on Thursday, April 10, 2025 at The Civic Centre, Victoria Island, Lagos.

Nnaji, a recipient of three national honours: Officer of the Order of the Niger (OON), Commander of the Order of the Niger (CON), and Nigerian National Order of Merit (NNOM), is the Founder/Chief Executive Officer of Geometric Power Limited (the pioneer private power company in Nigeria).

Makinde visits Alesinloye Market, vows to avert recurrence of fire incident - ITREALMS

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Oyo State governor, ‘Seyi Makinde, has declared that his administration will restructure the Alesinloye Market, Ibadan, to avert a recurrence of the fire incident that destroyed goods worth millions of Naira in March, reports ITREALMS.

The governor also said that the state government has provided some sort of palliatives to serve as an immediate cushion for the victims of the fire incident.

CBN records strongest net reserve position in over 3-yrs - ITREALMS

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The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position which stood at $23.11 billion, as of the end of 2024, reports ITREALMS.

This, CBN also noted, reflected a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence.