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☆ Flutterwave CEO GB Agboola on rebuilding trust, and strengthening Africa’s payments future
▼ + stars: | 2024-10-17 | by ( Stephanie Busari | ) edition.cnn.com time to read: +6 min

CEO Olugbenga “GB” Agboola was celebrated for his leadership and lauded as a trailblazer in African fintech, providing digital payment services for businesses across the continent. However, Agboola says Flutterwave has weathered the storm and emerged stronger than ever. In his first major interview since the allegations, Agboola told CNN that Flutterwave is on a mission to rebuild trust and strengthen its governance practices. She says Flutterwave’s fast growth exposed weaknesses in governance, compliance, risk management strategies and inadequate internal controls. Beyond the focus on governance and structure, Agboola envisions a future where Africa’s diverse payment systems are seamlessly integrated into a unified marketplace.

Persons: Flutterwave, Olugbenga, Agboola, ” Agboola, “ We’ve, ”, Mitesh Popat, ” Popat, “, ” Bawo, ” Egbakhumeh, “ Flutterwave, Africa Agboola, we’re Organizations: CNN, Kenyan, Citibank, Nigeria’s Economic, Commission, Global, MainStreet Bank, American Express Locations: Kenya, ”, Flutterwave, Africa, Ghana, Zambia, Uganda, Rwanda, United States, Nigeria, San Francisco

☆ Nigeria wants a road to rival the Pacific Coast highway. Landmark Beach stands in the way
▼ + stars: | 2024-04-05 | by ( Nimi Princewill | ) edition.cnn.com time to read: +7 min

The beach resort and other sections of the Landmark site on the coastal right of way are billed to be pulled down, a government notice seen by CNN states. “People who bring in money to make cities like this effective will be very concerned (with the proposed demolition of the beach resort). Environment consultant Adeodun is urging authorities to conduct thorough environmental and social impact assessments before tearing down coastal businesses for the superhighway. “I understand that the original right of way for the road did not pass through Landmark Beach… Perhaps, revisiting the routes to ensure minimal environmental damage and preserve local businesses should be strongly considered,” he added. For Onwuanibe, the coastal highway, once rethought, should serve as a blessing for thriving businesses situated along the coast rather than a curse.

Persons: Paul Onwuanibe, –, Onwuanibe, Temitope Ajayi, ”, Ajayi, Similade Adeodun, ” Onwuanibe, “ We’ve, Adeodun, ” Adeodun, “ Organizations: Nigeria CNN —, CNN, Landmark Group, Lonely, Lagos State Ministry of Physical, Urban, “, Landmark, Landmark Realty Limited, Nigerian Economic Summit Locations: Lagos, Nigeria, Calabar, Cameroon, Victoria, Ireland, United States, Victoria Island, United Kingdom, Africa, Landmark Realty Limited Lagos

ABUJA, Nigeria (AP) — Africa’s fashion industry is growing rapidly to meet local and international demand but inadequate investment limits its potential, UNESCO said Thursday in a report released during Lagos Fashion Week. The demand for African fashion brands is also spurred by the growth in e-commerce, the UNESCO report noted. It’s really beautiful to see because it hasn’t always been like this,” said Omoyemi Akerele, who founded the Lagos Fashion Week in 2011 to encourage the patronage of Nigerian and African fashion. In Nigeria and other parts of Africa, young fashion designers are hungry for success and are taking over the global scene, said the UNESCO director-general. “So Africa is really the next frontier (for the fashion industry).”___Associated Press journalist Dan Ikpoyi in Lagos, Nigeria contributed.

Persons: Audrey Azoulay, ”, Omoyemi Akerele, “, Ejiro Amos, Tafiri, Dan Ikpoyi Organizations: UNESCO, Lagos Fashion, U.S . International Trade Administration, Associated Press Locations: ABUJA, Nigeria, Lagos, Africa, Nigerian

It's a reminder of the power and potential of Nigeria's rapidly growing film industry. It is the world's second-largest film industry after India based on number of productions, with an average of 2,000 movies released annually. The movie also has been lauded as signifying the potential of the film industry in Nigeria as well as across Africa. In Nigeria, the movie industry is at “the point right now where the world needs to take notice,” Effiong said. He said that's because "The Black Book is a film by Black people, Black actors, Black producers, Black money 100%, and it’s gone ahead to become a global blockbuster."

Persons: —, ”, Editi Effiong, Afolayan's Aníkúlápó, Paul Edima —, Richard Mofe, Edima, ” Effiong, Effiong, “, John Wick, it’s Organizations: Netflix, Associated Press, Twitter, Digital TV Research Locations: ABUJA, Nigeria, Nigerian, Africa’s, India, West Africa, Lagos, Africa, Saharan Africa, “ Africa

☆ Sextortion investigation: 2 Nigerian men accused of running a global ring linked to a teen's suicide have been extradited to US, officials say
▼ + stars: | 2023-08-14 | by ( Josh Campbell | ) edition.cnn.com time to read: +4 min

CNN —Alleged members of a global sextortion operation that targeted more than 100 victims and led to the death of a 17-year-old boy were extradited to the United States on Sunday to face federal criminal charges, authorities said. That charge stems from an alleged online encounter that investigators say resulted in the death of 17-year-old Jordan DeMay, who died by suicide after falling victim to a sextortion scam. According to prosecutors, Samuel Ogoshi used a hacked social media account to make contact with DeMay while pretending to be a young woman. DeMay paid Ogoshi $300, but Ogoshi demanded more, authorities said. The alleged sextortion ring was disrupted by tracking victim payments through financial entities, Kowalski said.

Persons: CNN —, Samuel Ogoshi, Samson Ogoshi, Mark Totten, Jordan DeMay, Ezekiel Ejehem Robert, DeMay, Ogoshi, ” Totten, “, ”, Devin Kowalski, Kowalski, Totten Organizations: CNN, FBI, Nigeria’s, Financial, Federal Locations: United States, Lagos, Nigeria, Michigan, Southeast Asia

☆ Nigeria’s Economic and Security Crises Lift Outsider Candidate Ahead of Presidential Election
▼ + stars: | 2023-02-24 | by ( Gabriele Steinhauser | Gbenga Akingbule | ) www.wsj.com time to read: 1 min

LAGOS, Nigeria—It took Patience Moses two years to find a job after graduating from college with high hopes and a communications degree. Then, bandits raided her relatives’ village, burning down houses and killing her grandmother and cousin. Now, an attempt by Nigeria’s central bank to limit cash transactions just before Saturday’s national elections has left her struggling to pay her son’s school fees and for the bus that takes her to work. “I have never voted, but now I want to vote,” said Ms. Moses, who, like many young Nigerians, says she is backing Peter Obi , of the smaller Labour Party, over candidates from the country’s established parties. “I want my vote to count.”

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