News
MTN confirms EFCC is investigating Telecom Company after listing on NSE


BY: Justice Godfry
MTN Nigeria Communications PLC (MTN Nigeria) has confirmed that they received a letter on May 23, 2019 from The Economic and Financial Crimes Commission (EFCC) requesting information and documentation related to the listing of the shares on the Nigerian Stock Exchange (NSE), according to TechEconomy.ng report.
News broke Friday evening, May 24, 2019, that EFCC operatives arrived the Corporate Head Office of MTN Nigeria in Lagos to query some top officials and not unconnected with the recently share listing of MTN on the Nigerian Stock Exchange (NSE).
The South African telecommunications firm had listed by introduction, 20.4 billion ordinary shares at N90 on the NSE.
However, MTN Nigeria in the statement available to TechEconomy.ng, denied that it has not been accused of any wrongdoing by the EFCC.
The MTN’s statement titled, “Economic and Financial Crimes Commission (EFCC) Investigation and Information Request”, which was signed by the Company Secretary, Uto Ukpanah, further reads: “We wish to reiterate that we received all regulatory approvals required to list our shares on the Nigerian Stock Exchange, as publicly confirmed by The Nigerian Stock Exchange and the Securities and Exchange Commission (SEC).
“As a law abiding and responsible corporate citizen, they are co-operating fully with the authorities.
“We are committed to good governance and to abiding by the extant laws of the Federal Republic of Nigeria”, the Statement reads.
Recall that since the listing, there have been reports of scarcity of the shares and alleged manipulation.
Stock brokers decried the inability of retail investors to have access to the shares of MTN Nigeria on the floor of the NSE.
A representative of minority shareholders, Boniface Okezie, was reported to have said that: “Shareholders are not happy because we could not buy their shares; it was not available and we don’t share in all the excitement going around.”
The capital market regulators have also been accused of conniving with MTN Nigeria Plc to allegedly manipulate the performance of the telecom firm’s share price at the exchange.
Specifically, they argued that by allowing MTN a free float of only 5.542 million shares admitted for trading at N90/share worth N498 million when it listed by way of introduction on The NSE, rather than unbundling all the units of shares in its holding, the managers might have unwittingly created a situation of scarcity in the market.
Under the terms, “the free float requirement for companies on the Alternative Securities Market (ASEM) board is 15 per cent of market capitalisation while 20 percent is prescribed for companies listed on the main board and also premium board is 20 per cent of market capitalisation or above N40 billion on the date the exchange receives the issuer’s application.”
Source: Techeconomy.ng
News
Mbah to NBA: “Law, the Conscience of the Nation, Justice Sector Reform, a Cornerstone of Our Administration”
By ORJI ISRAEL


Governor of Enugu State, Dr. Peter Mbah, has reminded lawyers that the law is more than a profession, as it serves as the conscience of the nation.
Mbah, who spoke during the opening of the 2025 Annual General Conference, AGC, of the Nigerian Bar Association, NBA, at the International Conference Centre, Enugu, on Sunday, also restated the commitment of his administration to justice sector reform, saying that it remained the cornerstone of his government.
“Let me say this: the theme of this year’s conference, ‘Stand Out, Stand Tall,’ is a timely reminder of the responsibility we bear as lawyers and leaders. The law is not just a profession – it is the conscience of the nation. We are not only courtroom advocates; we are also defenders of truth, architects of peace, and champions of equity,” he said.
Listing some concrete steps by his administration towards justice sector reform, the governor said, “Since assuming office, we have made justice sector reform a cornerstone of our governance. Just a few examples will suffice.
“We were among the first states to fully implement financial autonomy for the judiciary in line with Section 121(3) of the 1999 Constitution (as amended). This has enhanced the efficiency, independence, and dignity of our courts.
“We have carried out a comprehensive rehabilitation and digitization of our courtrooms across the three senatorial zones. The High Court Complex in Enugu is equipped with e-filing, virtual hearing facilities, and an integrated case management system.
“To decongest our courts and promote alternative dispute resolution, we have strengthened and expanded the Enugu Multi-Door Courthouse, making it a model in the region for commercial and family dispute settlement.
“Through partnership with civil society and the NBA, we have expanded access to pro bono legal services for indigent citizens and detainees, especially in our rural areas. No one should be too poor to afford justice.
“We have also carried out an extensive codification and review of obsolete state laws to reflect modern realities, ensure gender justice, and promote the ease of doing business in Enugu.
“Perhaps one of the reforms I am proudest of – we introduced real-time transcription for our courts. Attaining Verbatim Reporting for the courts has eliminated the strain of longhand recording on judges, cut down on delays and improved productivity,” he said.
He, however, asserted that none of the reforms was an end in itself, noting that they remained part of a broader vision of his government towards making Enugu State the preferred destination for investment, innovation, and inclusive development.
“From smart schools, safe communities to accessible healthcare – our vision cannot be achieved without a justice system that is fair, functional, and trusted,” he added.
The opening ceremony was chaired by the Sultan of Sokoto, His Eminence, Dr. Sa’ad Abubakar III, while the keynote address was given by charismatic leader of the Economic Freedom Fighters of South Africa and a member of country’s national parliament, Julius Malema.
News
70% of Christians killed in 2024 are African – Group
ORJI ISRAEL reports that the group accused ANC of maintaining silence on religious persecution, while deepening ties with ideological extremists in Tehran


Recent reports indicate that over 4,400 Christians were murdered for their faith last year, while over the past decade, jihadist violence has driven 16 million Christians from their homes, millions of which are African citizens.
This is according to global Christian charity, Open Doors, which also confirms that for every five Christians, one will face persecution in Africa specifically.
Open Doors’ 2025 World Watch List reveals the top 10 most dangerous countries for Christians are dominated by Islamic states in the Middle East and Africa, including Afghanistan, Pakistan, Iran, Yemen, Sudan, Somalia, Libya, and Nigeria. A more detailed UK Parliament briefing recently noted that 70% of Christians killed in 2024 were indeed in Africa.
Over the last six months, the brutality against Christians in Africa has escalated to alarming levels, with a series of devastating attacks across the continent. Just last month, ISIL-affiliated rebels stormed a Catholic church in Komanda, DRC, murdering close to 50 worshippers, including women and children. That same month in Mozambique, Islamic State fighters captured and beheaded six Christians from Natocua village, just across South Africa’s border. A month earlier, in June 2025, armed militants in Nigeria massacred nearly 200 Christian civilians in Yelwata village.
“What we are witnessing is not random violence or isolated attacks. It is a deliberate, coordinated campaign by jihadist networks to wipe Christianity from vast regions of Africa and the Middle East,” says SAFI spokesperson, Bafana Modise. “These acts of terror are the early stages of a genocide against Christians, and history will record who spoke out and who shamefully looked away. Tragically, the ANC has chosen the latter.”
This silence is even more damning in light of last week’s news that South Africa’s military chief, Gen. Rudzani Maphwanya, met with Iranian Maj. Gen. Amir Hatami in Tehran to discuss deepening military and strategic ties, when Iran remains one of the world’s most notorious persecutors of Christians.
A recent report by the Middle East Africa Research Institute (MEARI) warned that Pretoria’s deepening ties with Tehran has compromised South Africa’s democratic foundations by defending Iran at the UN and IAEA, downplaying its human rights abuses, and potentially benefitting from covert support, including speculation around the ANC’s repayment of a multi-million-rand debt shortly after filing the ICJ case against Israel.
“These atrocities are not just crimes against individuals; they are part of a war against the freedom of religion itself,” Modise warns. “This is religious genocide, and it is gaining momentum as it edges closer to South Africa’s borders.”
Instead of defending religious freedom, the ANC government has remained silent. It has issued no meaningful condemnation or rallying call to protect persecuted Christians: “The ANC has done nothing to defend the rights of Christians,” says Modise. “Instead, it has squandered South Africa’s moral standing on discredited genocide charges against Israel – the one country in the Middle East where Christians live in safety and equality.”
This betrayal is even more unforgivable in a nation where 80% of South Africans identify as Christian. Freedom of religion is a fundamental human right, but the ANC, once the global champion of human rights, has made its bed with regimes and groups that have used Islamic law to suppress and destroy those freedoms.
“The ANC’s alliances make it clear: they have abandoned South Africa’s Christians, choosing friendship with the very forces driving this campaign of genocide,” Modise concludes. “Silence in the face of such evil is complicity, and the ANC is guilty of both. They have aligned themselves with Jihadist Islamic ideology, without further thought.”
We call on every pastor, every congregation, and every believer to demand that the ANC account for its indifference and betrayal. The blood of persecuted Christians cries out from across the African continent. If South Africa will not stand with them now, the day may come when their fate becomes our own.
News
Government Should Support Media with Tax Incentives, Relief on Import Duties – Soneye
….Media Sustainability: Soneye Advocates Tax Reliefs, Independent Fund for Journalism


Former Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Femi Soneye, has called on the Federal Government to support the Nigerian media with targeted incentives, including tax reliefs and import duty waivers on essential media tools.
Soneye made the appeal in Abuja on Tuesday after receiving the NUJ FCT Excellence in Corporate Communications Award, conferred on him by the Nigerian Union of Journalists (NUJ), FCT Council.
The NUJ leadership, led by Chairperson Grace Ike, alongside the Deputy Chair, Secretary-General, and other executives, described Soneye as a consummate professional who has distinguished himself with tact and excellence in the communications field.
In his remarks, Soneye noted that while the Nigerian media remains one of the most vibrant in Africa, it continues to grapple with systemic challenges that weaken its effectiveness.
“The Nigerian media remains one of the most vibrant in Africa, but it also faces systemic challenges, financial, political, legal, and technological that weaken its effectiveness. The government can play a supportive role by granting tax incentives or relief on import duties for newsprint, broadcast equipment, and digital infrastructure,” he said.
He also urged the Federal Government to establish an independent media development fund to support investigative journalism, community radio, and newsroom innovation, drawing parallels with models in South Africa, the United States, and Canada.
The award underscores Soneye’s long-standing contributions to journalism and corporate communications, as well as his advocacy for a stronger, independent, and sustainable Nigerian media.
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