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‘For Security Of Transactions’, Flutterwave, EFCC To Establish Cybercrime Centre
To intensify the fight against internet crime and enhance the security of business transactions, unicorn payments technology company, Flutterwave, says it is partnering the Economic and Financial Crimes Commission (EFCC) to establish and a state-of-the-art Cybercrime Research Centre.
The fintech company with fortunes worth over $1bn headquartered in San Francisco with footprints in Nigeria and other African countries said the centre would also provide a “sustainable lifeline to youths across the country”.
To this effect, the Silicon Valley-based company signed a Memorandum of Understanding (MoU) with the anti-graft agency on June 14, 2024 in Nigeria’s capital city, Abuja.
At the historic occasion were EFCC czar Ola Olukoyede, Flutterwave boss Olugbenga Agboola, Director of Federal Bureau of Investigations (FBI) Christopher Gray, and other senior officials from both the EFCC and the FBI.
Specifically, the MoU was signed by EFCC Secretary Mohammadu Hammajoda, and Flutterwave’s Agboola.
Olukoyede said, “This partnership marks a significant leap forward in our efforts to combat financial crimes and ensure a secure financial landscape for Nigerians. The Cybercrime Research Centre will significantly enhance our capabilities to prevent, detect, and prosecute financial crimes.”
On his part, Agboola said, “This initiative underscores our commitment to creating a fraud-free financial ecosystem and leading the charge in safeguarding transactions across Africa.
“We applaud the EFCC’s relentless efforts to combat internet fraud and other illicit activities in the financial sector.”
The Cybercrime Research Centre, to be established at the new EFCC Academy in Abuja, would serve as a hub for advanced research, training, and capacity building in the fight against financial crimes.
Areas of focus of the centre include advanced fraud detection and prevention, collaborative research and policy development, youth empowerment and capacity building, technological advancement and resource enablement, among other key areas.
“Advanced Fraud Detection and Prevention: Developing and implementing cutting-edge technologies to detect and prevent financial fraud. The centre will offer comprehensive training for law enforcement and industry professionals to combat modern financial crimes effectively.
“Collaborative Research and Policy Development: Engaging in joint research initiatives and policy formulation to enhance the understanding and regulation of financial crime. The centre will provide a platform for the exchange of ideas and best practices between the public and private sectors.
“Youth Empowerment and Capacity Building: Providing high-end training and research opportunities for 500 youths, equipping them with the skills needed to navigate and excel in the digital economy.
“Technological Advancement and Resource Enablement: Creating a repository of advanced tools, technologies, and resources to support financial crime investigations, including protocols for addressing emerging threats such as cryptocurrency-related crimes,” the statement concluded.
Birthed in 2016 by Agboola, fondly referred to as GB, Flutterwave, with its corporate headquarters in San Francisco and operational head office in Lagos State, grew within a short time, penetrating the African market with customisable payments applications through its unique Application Programming Interface.
News
Sad! Train Crushes Man To D3ath In Oshodi, Lagos
By Kayode Sanni-Arewa
There was confusion in Lagos on Friday when a trader was crushed by a Lagos-Ibadan train around Oshodi, Lagos.
The incident happened around 2pm with sympathisers and passers-by thronging the area.
Eyewitnesses said the trader was crushed to death in front of Arena Shopping Complex, Oshodi.
The middle-aged man was said to be urinating while standing in the middle of the rail tracks, with his two ears covered with an earpiece.
A witness told out reporter that despite the heavy horn of the train and passers-by shouting to warn the man, he did not hear the alarm.
Sympathetic passers-by who gathered around the dead body said the man killed himself.
Another witness identified the dead man as a trader who owned a shop at a shopping complex called Moyosore.
He said the deceased was chatting with three other persons who heard the honking of the train and ran away from the tracks.
The deceased’s body was still lying on the ground in front of his closed shop while efforts were made to reach his family. Sources said the Police was quickly called upon to evacuate the corpse.
Cases of train crushing people to death have become a recurring incident due to high prevalence of human activities on the railway corridors within the Lagos axis.
In areas like Agbado, Agege, Ikeja, Oshodi, traders often display their wares on the rail tracks while quickly packing the wares as soon as a train approaches, thereby endangering their lives.
A source in the Nigerian Railway Corporation (NRC) who confirmed the train accident to our correspondent, said the identity of the victim had not yet been figured out.
The Public Relations Officer (PPRO) of the Lagos Police Command, Ben Hundeyin, was yet to respond to our correspondent’s enquiry on the incident as at press time.
Nigerian Tribune
News
Police declare Ex-President Jonathan’s aide , Reno Omokri wanted
By Kayode Sanni-Arewa
Reno Omokri, a former Special Assistant to former President Goodluck Jonathan on New Media, has been declared wanted by the Nigeria Police Force (NPF).
His offence: he allegedly defamed Pastor Paul Enenche.
The NPF secured an order from the Chief Magistrate Court of the Federal Capital Territory (FCT), Wuse Zone 6, Abuja to remand him in prison custody along with a former Dunamis Church Pastor, Abraham Daniel, and two others, Enenche Peter and Alexander Enenche.
The court, presided over by Chief Emmanuel A. Iyanna, issued the remand warrant through an ex-parte motion filed by the Inspector General of Police (IGP), Kayode Egbetokun, on January 13, 2025.
Granting the ex-parte application filed by Francis Gabriel, Esq on behalf of the Police Chief, in Motion No: ME/07/2025 between the Inspector General of Police as Applicant and Daniel Abraham, Enenche Idoga Alexander, Oboyinlo Enenche Peter and Reno Omokri as 1st to 4th Respondents, the Chief Magistrate directed the Police to produce the respondents on return Court date on January 30.
Iyanna held: “Upon hearing the application and submissions of learned Francis Gabriel and upon careful consideration of the averments, the annextures and issues as raised in the submissions of the applicant, the application is hereby granted as prayed.
“It is hereby ordered as follows: An Order of this Honourable Court for remand warrant of the Respondents (i) MR. DANIEL ABRAHAM (ii) MR. ENENCHE IDOGA ALEXANDER (iii) OBOYINLO ENENCHE PETER and (iv) MR. RENO OMOKRI in the custody of the Nigeria Correctional Service, pending investigation, arraignment/prosecution.
“It is, hereby, ordered that the Respondents be arraigned before a Court of competent jurisdiction after the conclusion of the said investigation.
“On the return date, the Respondents should be produced.
“The matter is adjourned to 30th Day of January, 2025.”
The remand warrant was predicated on a petition to the IGP by Patrick O. Okolo, SAN against Mr Reno Omokri, Gistlover Blog, Aunty Adul, Peter Obonyiro, Kelechi TV and their agents and co-conspirators for alleged defamation of Pastor Paul Enenche.
News
Reps Urges Clear Labeling of GMO Products, Demand More Research
By Gloria Ikibah
The House of Representatives has called on the National Biotechnology Development Agency (NABDA) to ensure the clear labeling of all Genetically Modified Organism (GMO) products in accordance with global standards.
This House Committee on Science and Technology gave the resolution during a budget defense session, with the Director General, Prof. Abdullahi Mustapha on Thursday in Abuja.
The committee cited the widespread of GMO use in the United States, particularly in maize.
However, committee member Rep. Awaji-Inombek Abiante emphasised the need for transparent labeling, highlighting that Nigerians should have the choice to make informed decisions about the food they consume. He questioned the adequacy of research on GMO products, particularly Tela Maize, before their adaptation in the country.
In addition, Prof. Mustapha presented NABDA’s proposed budget of N5.3 billion for the 2025 fiscal year, which includes N834.4 million for overhead costs and N14.5 million for personnel costs.
Naijablitznews.com reports that the agency employs around 4,000 staff across its 39 centers nationwide. Other agencies, including the Trypanosomiasis Research Institute, PRODA, NBTI, and NOTAP, also submitted their budgets to the committee.
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