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Nigerian IT Startups Generates $101m in First 9 Months of 2018

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Isa Ali Ibrahim Pantami, director general director, National Information Technology Development Agency (NITDA) has said that IT startups generated $101 million for the country’s economy from January to September 2018.

Pantami spoke at the workshop “Start-up Friday”, adding that these growing performances are the result of the dynamism in the Nigerian IT sector supported by the government, which is set on making this sector a pillar for the economy via a strict application of the rules in force.

According to this official, these innovative firms generated $9 million for the country’s economy during Q1, 2018, $57 million during the second quarter and $35 million in the third quarter.

He indicated that in 2013, more than 82,000 local IT and digital products were bought. This volume rose to 92,000 in 2015, 150,000 in 2016 and 300,750 in 2017.

Pantami explained that to further strengthen the contribution of the IT sector in Nigeria’s economy, “Start-up Friday” would scour the various regions to “identify our young innovators who have potentials and see how they can be supported to achieve their dreams”.

The head of NITDA informed that in Q2, 2018, the IT sector’s contribution to GDP was 13.63%.

Source: Nigeria Communications Week

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PDP alleges plots to arrest Atiku, Obi, Saraki, Dogara

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PEOPLE’S Democratic Party (PDP) National Chairman Prince Uche Secondus has raised the alarm, alleging plots by the Economic and Financial Crimes Commission (EFCC) to arrest some key leaders of the opposition party on trump up charges.

Secondus listed the PDP presidential candidate, Atiku Abubakar; his running mate, Peter Obi; Senate President Bukola Saraki and House of Representatives Speaker Yakubu Dogara and the party’s other leaders as some of those marked for arrest.

But, the Presidency denied the reports claiming that the Buhari-led government ordered raid on the home of PDP presidential candidate’s son and the alleged blockage of the Obi’s bank accounts and his family.

A statement by the Senior Special Assistant on Media and Publicity, Garba Shehu, said the reports are manifestation of the PDP’s growing expertise in fake news.

He called on the public to disregard the reports.

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EFCC denies arresting Atiku’s sons

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The Economic and Financial Crimes Commission (EFCC) has denied arresting the sons of Presidential Candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar.

EFCC’s Acting Spokesperson, Mr Tony Orilade, made the denial in a statement in Abuja, on Monday.

According to Orilade, we have received several calls and e-mail messages asking us to confirm the arrest of the sons of Abubakar as being alleged in some quarters.

”Some only said we raided the apartments of Atiku’s sons looking for foreign currencies.

”This is nothing but another tales by moonlight.”

He said that the commission, as a responsible organisation, was abreast of the establishment mandate and shall not deviate from such mandate.

”We never went after Atiku’s sons, neither were Atiku’s sons among the two boys arrested.”

The spokesperson, however, said “it is in the news that we have been investigating the former Abia governor, Sen. Theodore Orji, over alleged N27 billion money-laundering.

”In the course of investigation, we discovered that he laundered part of the money through his sons.

”We have been on the trail of some of the purchases made by his sons, including the cars the boys allegedly bought.

”There is no link whatsoever to Atiku.” (NAN)

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Alleged 1.4bn fraud: I’m innocent – NBA President cries out

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President of the Nigeria Bar Association (NBA), Mr Paul Usoro, says he is innocent of the N1.4 billion money laundering charges brought against him by the Economic and Financial Crimes Commission (EFCC).

Mr Usoro stated this while fielding questions from reporters on Sunday after the NBA National Executive Committee (NEC) meeting in Abuja.

He said, “I haven’t been served. I expect I will be served but the facts as I know it, I am completely innocent and the facts as I know it, I presented it in the address that was adopted by NEC.”

“Assuming that there was something that was done; except the association itself makes a complaint to the EFCC or any of the other criminal investigating agencies, then they don’t have any basis having to come in into what we are doing,” Usoro added.

“We are an association of lawyers; we have a way of regulating ourselves.”

The NBA President, however, said he would appear in court.

He further called for a legislation that would prohibit media trial of persons in court.

According to him, the situation if not addressed will lead to maligning of character whether or not one is innocent or guilty of the offence he is charged with.

The EFCC had filed 10 counts of fraudulent conversion of N1.4bn against the NBA President before Justice Muslim Hassan of the Federal High Court sitting in Lagos.

In the first count, the EFCC alleged that Mr Usoro and some persons conspired in 2015 to convert the sum of N1.4bn property of the Akwa Ibom State Government which they ought to have known formed part of the proceeds of crime.

The others accused by the anti-graft agency are Governor Emmanuel Udom of Akwa Ibom State (who currently enjoys constitutional immunity against criminal prosecution), as well as the state’s Commissioner for Finance, Nsikan Nkan; the Accountant-General, Mfon Udomah; the Attorney General and Commissioner for Justice; Uwemedimo Nwoko; and Margaret Ukpe.

The EFCC counsel, Mr Rotimi Oyedepo, who signed the charge sheet said the offences were contrary to Section 18 (a) of the Money Laundering (Prohibition) Act, 2011.

Five senior advocates – Gboyega Awomolo, Tayo Oyetibo, Theophilus Oyesanya, Onyechi Ikpeazu, and Damian Dodo, have been listed as witnesses along with some bank representatives to give evidence in the matter.

The commission said it would arraign Mr Usoro on Monday, December 10.

-ChannelsTV

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