General
Google to Extend Financial Services Verification Program to More Countries

By Modupe Gbadeyanka
Tech giant, Google, has promised to extend its financial services verification program to more countries after bringing 11 nations into the scheme as of 2022 as part of efforts to protect its users from fraud and scams, which it said increased in the year under review.
The financial services certification program requires advertisers to demonstrate that they are authorized by their local regulator to promote their products and services.
This measure adds a new layer of security against fraudsters and further safeguards people from financial scams.
According to Google, actions are quickly taken when coordinated threats are identified, with additional restrictions put in place to block the ability of fraudsters to harm consumers.
“Over a one-month period, we blocked and removed tens of thousands of malicious advertisements and took action against the accounts associated with the bad ads.
“Overall, in 2022, we blocked or removed 142 million advertisements for violating our misrepresentation policy and 198 million advertisements for violating our financial services policy,” a blog post from the reputable platform on its 2022 Ads Safety Report said.
As for the efforts to prioritise child safety, Google said it has always blocked harmful ads targeted at young kids, especially by filtering “mature ad categories such as sexually explicit content and ads for gambling, alcohol and pharmaceutical drugs.”
“When it comes to designing products and creating policies, one of our top priorities is to ensure the safety of kids and teens around the world.
“This includes blocking ad targeting based on age, gender or interests and preventing additional age-sensitive ad categories from serving to teens. We began rolling out these changes in Europe and completed that process globally last year.
“We also now prohibit ads promoting dating apps, contests and sweepstakes, as well as weight loss products to people under 18,” it further disclosed.
Commenting on how it has tackled misinformation, Google said the reliance on its platform for the hunt for credible information influenced the creation of “policies against harmful health claims and demonstrably false claims that could undermine trust and participation in elections.”
“In 2022, we blocked ads from running on over 300,000 publisher pages that violated these policies and blocked over 24 million policy-violating ads from serving.
“In addition, we blocked and removed over 51.2 million ads for inappropriate content including hate speech, violence and harmful health claims and 20.6 million ads for dangerous products or services such as weapons and explosives,” it stated.
Looking ahead to 2023, the search engine said it would continue to provide a safe and trustworthy ads experience for users.
“As 2023 continues, we will stay diligent in our efforts to combat abuse across our platforms while helping advertisers and publishers grow their businesses,” it assured.
General
EFCC Nabs Seven Chinese, Four Nigerians Over Illegal Ilmenite Mining

By Adedapo Adesanya
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 11 individuals, including seven Chinese nationals, for engaging in illegal mining of ilmenite in the Eastern Obolo Local Government Area of Akwa Ibom State.
Ilmenite, the mineral allegedly mined illegally, is a key source of titanium and is in high demand globally for use in aircraft manufacturing, paints, and electronics.
According to the EFCC, the suspects were apprehended at Emem-Asuk community, where they were reportedly operating two unauthorized mining sites.
The group was caught while setting up equipment at a second location, having already begun the illegal extraction of ilmenite, at their first site.
Those arrested included Chinese nationals Yang Chaobao (32), Zhong Dun Yi (33), Cheng Jiang (35), Zhong Dun Long (37), Pan Peiming (33), Lai Yiping (37), and Zhu Lekun (35). Their Nigerian collaborators are David Israel (18), Jonah Bartholomew Jim (24), Samuel Samuel Timothy (20), and a female interpreter, Comfort Gabriel Ajaga (23).
In her statement to investigators, Ms Ajaga, the only female suspect, claimed she had no direct role in the mining operations.
“I am a student studying Chinese language at a Learning Centre in Anambra State. I only work with them as a translator,” she told EFCC operatives.
Preliminary findings indicate the suspects lacked the requisite permits or licences to carry out mining operations at either location.
The EFCC says the arrests are part of its ongoing efforts to clamp down on economic sabotage and environmental crimes in Nigeria’s extractive industries.
“The suspects will be charged to court upon conclusion of investigation,” the EFCC said in a statement posted on X.
This development underscores growing concerns over the influx of illegal mining operations in Nigeria, often run by foreign syndicates with local collaborators, leading to revenue losses and ecological degradation.
The EFCC has stepped up efforts to enforce the laws against illegal mining as part of a wider national effort to curb the activity.
General
Popoola Celebrates Diana Chen, Highlights Power of Relationships, Networks

By Aduragbemi Omiyale
The chief executive of the Nigerian Exchange (NGX) Group Plc, Mr Temi Popoola, has joined others to celebrate the chairman of Choice International Group (CIG), Ms Diana Chen, on her birthday.
Mr Popoola described the business magnate and philanthropist as “a powerful bridge-builder whose life reflects the influence of networks built on trust, loyalty, and shared vision.”
Speaking at a high-level panel session held in her honour, the NGX Group chief praised Ms Chen as a living testament to the impact of purposeful connection, reflecting on the enduring power of relationships and networks in leadership and legacy-building.
He emphasized that in Africa’s evolving economic and social landscape, success is not just measured by milestones or material wealth, but by the quality of one’s relationships and ability to empower others.
“In a world that is constantly changing, one thing that remains timeless is the strength of your relationships and the quality of your network. These connections are the true capital that sustain us, both in business and in life,” he said.
Mr Popoola also reflected on the power of mentorship, sharing personal insights and stories from Nigerian students in China whose lives have been positively shaped by Chief Chen’s work.
“There’s a kind of calmness, clarity, and drive that comes from living with purpose,” he added, noting that, “Mentorship is not always structured; often, it is embedded in how people feel seen, supported, and guided.”
He stated that true leadership is about intentional impact, shaping people and systems through vision, service, and relationships that endure.
In a country like Nigeria, where challenges often intersect with opportunity, he said leaders must be grounded in purpose and committed to lasting influence.
Ms Chen has consistently championed a model of growth that blends commerce with community, and industry with identity.
In Nigeria, her vision is most evident in sectors such as mobility, renewable energy, education, and public infrastructure, where CIG is actively helping to redefine the landscape of industrial development.
General
Discos Face Billing Inefficiency Despite Increase in Power Distribution

By Adedapo Adesanya
Power distribution companies (Discos) are still falling short when billing customers despite receiving more electricity for distribution, according to the latest report released by the Nigerian Electricity Regulatory Commission (NERC).
An analysis by Business Post on the May 2025 factsheet shows that while Discos received 2,774.49 GWh of electricity, which translates to a 5.80 per cent increase compared to April, and billed out 2,255.51 GWh, billing efficiency dropped by 2.01 percentage points, settling at 81.29 per cent.
This means nearly 19 per cent of the electricity distributed to consumers remains unbilled, compounding the financial woes in the power sector.
Billing efficiency reflects the ratio of energy billed to the total energy received by Discos. The decline indicates that a significant portion of the energy supplied is either not recorded, lost, or distributed to customers without proper metering, all of which contribute to revenue loss.
The data from NERC during the review month also showed that out of the N261.82 billion billed to customers in May, only N191.57 billion was collected. This reflects a collection efficiency of 73.17 per cent, down by 4.42 per cent from April.
In terms of revenue recovery, Discos were allowed to collect an average of N116.25/kWh, but they managed to recover only N82.05/kWh, pushing recovery efficiency down to 70.58 per cent, a 7.32 per cent drop from the previous month.
On the billing front, Benin, Ikeja, and Eko Discos led the pack, maintaining high billing efficiencies of 88.73 per cent 87.44 per cent, and 87.62 per cent, respectively.
The factsheet showed that Eko Disco also recorded one of the highest improvements in collection performance, suggesting a solid overall commercial strategy.
On the other end, Yola Disco fared the worst, with a billing efficiency of just 63.45 per cent, and a collection efficiency of 50.59 per cent. Jos and Kaduna Discos also reported worrying figures, showing deep cracks in their billing and revenue structures.
An improvement in Nigeria’s billing and collection efficiency could help mitigate challenges amid efforts to increase power generation and supply.
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