General
General Electric Plans to Restructure Operations

By Adedapo Adesanya
General Electric (GE) has announced plans to restructure its operations into three industry-leading, global, investment-grade public companies focused on the growth sectors of healthcare, energy, and aviation.
In a statement on Monday, GE revealed that its healthcare business is to be named GE HealthCare; GE’s portfolio of energy businesses, including GE Renewable Energy, GE Power, GE Digital, and GE Energy Financial Services, will come together as GE Vernova; while its aviation business is to be named GE Aerospace.
By creating three separate companies, each will benefit from greater focus, tailored capital allocation, and strategic flexibility to drive long-term growth and value.
Also, all the three planned companies will continue to benefit from GE’s heritage and global brand valued at nearly $20 billion.
Additionally, GE announced that following the completion of the planned spin-off, shares of GE HealthCare will be listed on The Nasdaq Global Select Market under the ticker symbol — GEHC.
By listing on Nasdaq, GE HealthCare will benefit from the exchange’s profile and track record as a market for innovative, technology-led public companies, particularly in the healthcare sector.
GE intends to execute the tax-free spin-off of GE HealthCare in early 2023, creating an independent company driving innovation in precision health to improve patient outcomes and address critical patient and clinical challenge.
In early 2024, GE plans to execute the tax-free spin-off of GE Vernova, GE’s portfolio of energy businesses, which together with its customers provides one-third of the world’s electricity and is focused on accelerating the path to reliable, affordable, and sustainable energy.
GE will also be an aviation-focused company called GE Aerospace. With an installed base of 39,400 commercial and 26,200 military aircraft engines, the company will continue to play a vital role in supporting the industry through a historic recovery while shaping the future of flight.
Speaking on the plans, GE Chief Marketing Officer, Ms Linda Boff said, “Over the course of the last six months, we engaged in a thorough, customer-led process to understand the intrinsic value of the GE brand for our planned future companies.
“Based on data and analysis drawn from thousands of conversations, it became clear that the GE name and our century-plus old Monogram represent a legacy of innovation, symbol of trust by global customers, pride for our team, and a talent magnet for future leaders. We are proud these future businesses will be able to build on GE’s DNA of innovation.”
General
SERAP, Nigerian Editors Demand Removal of Cybercrimes Act

By Adedapo Adesanya
The Socio-Economic Rights and Accountability Project (SERAP) and Nigerian Guild of Editors (NGE) have urged President Bola Tinubu to remove the Cybercrimes Act.
The parties claimed that the law targets “journalists, activists, critics and other Nigerians peacefully expressing their views online, and release those in custody across the country under the legislation.”
The groups said, “The use of the Cybercrimes Act to lock up people peacefully expressing their views sends a chilling message to Nigerians that rights won’t get priority under the Tinubu administration,” noting that, “Using laws that don’t conform with constitutional and guarantees and international human rights standards – like the Cybercrimes Act – erodes democracy and the rule of law in Nigeria.”
The statement followed the press conference on Unchecked Injustice: How Authorities Are Weaponising the Cybercrimes Act to Stifle Peaceful Dissent and Media Freedom in Nigeria held Saturday at the Radisson Hotel, Ikeja.
The event was jointly organised by SERAP and NGE to mark the World Press Freedom Day. The press conference was attended by senior members of the media, civil society groups and other stakeholders.
The organisations also said, “Nigerian authorities at all levels should show that they tolerate peaceful dissent and media freedom if the Nigerian people are to have any chance of holding them accountable on their constitutional oath of office, commitments and promises.”
“We are concerned that Nigerian authorities have continued to use the Cybercrime Act to normalize repression of the rights of journalists, bloggers, human rights defenders, opposition politicians, artists and other Nigerians.
“We note that the suppression of the press in recent times takes various forms ranging from extrajudicial to unlawful detentions, disappearances, malicious prosecutions and wrongful use of both legislation and law enforcement,” they added.
Drawing examples, the parties alleged that since the amendment of the Cybercrimes Act in 2024, Nigerian authorities at all levels have consistently used the provisions of the law, including the provisions of section 24 on “cyberstalking” to harass, intimidate, arbitrarily arrest and detain and unfairly prosecute users of social media, activists, and journalists.
“Nigerian authorities at all levels increasingly use criminal defamation laws and other repressive laws to crack down on human rights and peaceful dissent, bringing frivolous lawsuits against journalists, bloggers, human rights defenders and activists.
“We are also concerned about the persistence of threats to journalists’ safety, and the potential chilling effect of strategic lawsuits against public participation (SLAPPs) and harassment, including by security agencies and politicians,” the groups added.
“We urge President Tinubu and his government to publicly call on Nigeria’s state governors, the Nigerian Police Force, the Department of State Services (DSS) to uphold and ensure full respect for the rights of everyone in the country, including journalists, bloggers, human rights defenders and activists.
“We call on President Tinubu and his government, the country’s 36 governors and Federal Capital Territory (FCT) minister to genuinely uphold press freedom, ensure access to information to all Nigerians, obey court judgments, and respect the rule of law,” they noted.
General
EFCC Grabs Three Suspects Behind Q-net Scam in Nigeria

By Modupe Gbadeyanka
Three persons believed to be behind the Q-Net scam in Nigeria have been apprehended by the Economic and Financial Crimes Commission (EFCC).
The suspects, who allegedly operated the scheme under the name Mighty Infinity Millionaire Limited, were arrested by officials of the agency on Wednesday, May 1, 2025, in Abuja.
They are Olaniyan Joshua, Oyetunde Julius Akano, and Victor Oluwale, and are currently undergoing interrogation.
A statement from the EFCC said the accused persons falsely claimed to be representatives of Q-net, a global e-commerce and direct selling company.
While Q-net has since denied any link with the suspects and their activities, investigations further revealed they were equally running a fraudulent university training in pavilions and under trees, offering fake Bachelor of Science degrees in Medicine, Nursing, Cybersecurity, Computer Studies, and Geology, among others with a false claim of affiliation with Quest International University, Malaysia.
Student victims were charged between N1.2 million and N1.3 million as registration fees from which the suspected scammers raked in hundreds of millions in proceeds of crime.
Earlier on March 24, 2025, the commission raided Q-net University at Compensation Layout, Gwagwalada, FCT, Abuja, and arrested 133 suspects.
General
Facebook May Leave Nigeria Over $220m FCCPC Fine, Others

By Modupe Gbadeyanka
Nigerians may lose access to the social media platforms operated by Meta, a report by the BBC has said.
If this happens, it will not be the first time social media users in the country have experienced such blackout.
Recall that in 2021, the Nigerian government banned Twitter after the platform removed a post by the immediate past president of the country, Mr Muhammadu Buhari, for violating its rules.
The embargo was lifted in January 2022 after seven months.
Last week, Nigeria’s Competition and Consumer Protection Tribunal on Friday ordered WhatsApp and Meta Platforms Incorporated to pay a $220 million penalty and $35,000 to the Federal Competition and Consumer Protection Commission (FCCPC) within 60 days over data discrimination practices in Nigeria.
The tribunal’s three-member panel, led by Mr Thomas Okosun, in a verdict last Friday, dismissed the appeal by WhatsApp and Meta Platforms Incorporated regarding the $220 million penalty imposed by the FCCPC for alleged discriminatory practices in Nigeria.
In a report, the BBC said Meta argued that if it is forced to pay the fine, its users in Nigeria may lose access to Facebook and Instagram.
“The applicant may be forced to effectively shut down the Facebook and Instagram services in Nigeria in order to mitigate the risk of enforcement measures,” the company said in the court papers.
If this happens, it may greatly affect content creators, who rely on the platform for earnings.
Facebook remains one of the most popular social media platforms in the country like TikTok and Twitter, now known as X after Mr Elon Musk acquired it.
Meta is battling with different fines in Nigeria, including a $32.8 million sanction from the Nigerian Data Protection Commission (NDPC) alleged Meta over data privacy laws, and a $37.5 million fine for unapproved advertising.
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