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Reps Seeks Urgent Action Against Xenophobic Attacks

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By Dipo Olowookere

House of Representatives has called on the Federal Government of Nigeria to immediately send a delegation to the South African government to express the utmost disappointment and disapproval of the series of attacks meted out to Nigerians resident in the country.

Chairperson of House Committee on Diaspora, Mrs Rita Orji, rising under matter of urgent public importance, drew the attention of the chamber to the organized mob action by some South African citizens targeting the wanton destruction of lives and properties belonging to Nigerians.

She informed that these recent spree of attacks speak volume to the fact that there has not been any serious commitment by the South African authorities to curtail the senseless attacks on Nigerians and other foreigners in their country, as graphic videos of the South African police officials are often seen standing-by while the killings, maiming and destructions orchestrated by the mob are taking place.

She added that these act by the South African citizens amount to gross violation of the United Nations charter forbidding any form of hostility against foreigners by the host nation. She stated that the attacks are now carried out at intervals of every Six months.

The lawmaker urged the Federal Government to treat the matter with all sense of urgency it requires because there is an intelligence report that there is yet a planned protest by the same mob scheduled to hold on Friday, February 25, 2017.

She prayed the House to do what is necessary within it capacity to ensure that no Nigerian residing in South Africa is gruesomely killed by these barbaric mob. Other members of the Legislature lent their voices to the issue, including Leo Ogor and Nnenna Elendu Ukeje.

They decried the despicable attacks on Nigerians and seized the moment to call on the South African Government not to be so much in a hurry to forget history, particularly the role Nigeria played during their dark days in apartheid.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Lagos Launches Biodigester Plant at Ikosi Fruit Market

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Ikosi Fruit Market Biodigester

By Adedapo Adesanya

Lagos State has launched a biodigester plant at the Ikosi Fruit Market to convert organic market waste into energy and fertiliser.

The Lagos State Commissioner for Environment and Water Resources, Mr Tokunbo Wahab, said via his official X account that the project was delivered through a partnership with C40 Cities and support from UK International Development.

The facility is designed to convert fruit and vegetable waste into biogas for cooking and electricity, and fertiliser for farmers, the state government official noted.

Mr Wahab said the project addresses a long-standing environmental challenge in the Ikosi community, adding that the market generates tons of organic waste daily, including fruit peels, vegetable trimmings, and unsold produce, much of which previously ended up in drains and dumpsites.

“I had the privilege of launching and handing over the Ikosi Fruit Market Biodigester Plant, delivered in partnership with @c40cities and with support from UK International Development under the Climate Action Implementation programme.

“Every day, Ikosi Fruit Market generates tons of organic waste, fruit peels, vegetable trimmings, unsold produce. In the past, much of this ended up in dumpsites and road medians, clogging drains, creating health risks, and releasing methane into the atmosphere.

“Today, that same waste will be fed into an anaerobic digester where it will be converted into biogas for cooking and electricity, as well as nutrient-rich biofertilizer for farmers. This is the circular economy in action,” he said on Monday.

He added that the project aligns with Lagos’ broader goal of building a resilient and resource-efficient city through visible, community-level climate actions.

This is the latest effort in the state’s waste management move. In July 2025, the Lagos State Government announced plans for a $400 million Waste-to-Energy plant in Epe, aimed at tackling waste, supplying electricity to two million residents, and reducing flooding.

Before that, in October 2024, Mr Wahab revealed that Lagos secured a €120 million commitment from the Netherlands to support its ongoing project with Harvest Waste Consortium, which is expected to convert 2,500–3,000 tons of municipal solid waste into electricity daily.

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Telco Customers to Get Automatic Refunds Under CBN–NCC Airtime, Data Rules

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By Adedapo Adesanya

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have released an exposure of the joint framework for the quick resolution of failed airtime and data purchase transactions, which will involve no customer intervention.

Recall that a month ago, Business Post reported that the two agencies came up with a directive that failed airtime and data purchase transactions were to be completed within 30 seconds, following rising consumer complaints over debits without value.

According to the exposure draft, mobile network operators and other industry players must ensure that refunds for failed airtime and data purchase transactions are completed within 30 seconds, and without any customer intervention.

This means that the customer should not have to file a complaint, call customer care, or submit a ticket before the refund is completed within 30 seconds of the failed transaction. Any delay beyond this window would be a breach of the rule.

The obligation is not limited to mobile network operators (MTNs, Airtel, Glo, 9mobile) alone; it also covers payment service providers, aggregators, fintechs, and value-added service providers involved in airtime and data sales.

The directive is contained in an exposure draft of a joint CBN and NCC framework released to the public, which targets situations where customers’ bank accounts are debited without corresponding airtime or data delivery.

The framework, according to the CBN, was developed to address “rising consumer complaints around failed airtime and data purchase transactions where customers are debited without successful service delivery.”

The document noted that the initiative is designed to “institutionalise clear accountability, standardise resolution timelines, and ensure a sustainable, coordinated approach to consumer redress across the financial and telecommunications ecosystems.”

Under the proposed rules, refunds for failed transactions must be processed automatically and in real time. The framework explicitly states that where airtime or data delivery fails, stakeholders are required to “refund Purchaser within 30 seconds,” regardless of whether the failure occurs at the bank, NCC-authorised licensee, or mobile network operator level.

The exposure draft further emphasised that since automated reversals should require no customer intervention, it recommended “automatic system-triggered reversals” supported by end-to-end transaction visibility tools and standardised error codes across the value chain.

To reduce multiple debits and delays, banks are instructed to limit transaction re-attempts, with the framework stating that “banks are to limit re-attempts to twice only,” while customers must be notified of pending, failed, or successful transactions in real time.

On accountability, the regulators made it clear that notifications of failure carry financial consequences, stating that “notifications of failure create final settlement obligations between MNOs and NCC authorised licensees.”

It also noted that “disputes between Stakeholders about this framework and its subject matter shall first undergo dual resolution amongst affected parties. Any dispute unresolved within five working days shall be escalated to regulators (CBN and NCC), addressed to the Director Consumer Protection and Financial Inclusion Department of CBN, and/or the Director Consumer Affairs Bureau of NCC.”

The exposure draft also disclosed plans for stronger regulatory oversight, including a central monitoring platform. According to the document, “there shall be a Central Monitoring Dashboard hosted by CBN and NCC for tracking reversals, SLA breaches, and customer complaints,” to provide real-time national visibility into failed transactions.

CBN director, Consumer Protection & Financial Inclusion, Aisha Isa-Olatinwo, in a statement, invited stakeholders and members of the public to submit comments ahead of the February 20, 2026, deadline, as regulators move towards finalising what they described as a national framework to “restore subscriber trust and ensure accountability” across Nigeria’s digital financial ecosystem.

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Senate Caves in, Amends Electoral Act on Electronic Transmission of Results

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Godswill akpabio Senate President

By Adedapo Adesanya

The Senate has amended the Electoral Act, modifying Clause 60 to require the presiding officer at each polling unit to electronically transmit election results to the INEC Result Viewing (IReV) portal.

However, it added a clause that if electronic transmission fails due to communication/network issues, the manual result sheet (Form EC8A) would become the primary source for result collation.

The Senate amended the votes and proceedings of its plenary sitting last Wednesday, February 4, with regard to its resolutions on the provisions of section 60 sub 3 in the Electoral Act Amendment Bill.

The motion moved by the Senate Chief Whip, Mr Mohammed Tahir Monguno, and endorsed by the red chamber, is with regard to the electronic transmission of election results from polling units.

Following the motion, this means the Senate adopts electronic means for the transmission of election results, but should there be a communication glitch that leads to failure of delivery by the electronic means, the form EC8, which contains the results at polling unit, duly entered on the form, stamped and signed by the election officer appointed by the Independent National Electoral Commission (INEC) and counter signed by the various agents shall be the primary source of collation.

After the vote on the motion, Senator Enyinnaya Abaribe moved a counter-motion calling for a division, that is, individual voting on section 60 sub 3.

He, however, withdrew the motion after the Senate President Godswill Akpabio asked him to proceed.

The issue of real-time transmission has raised worries with protesters, including former presidential candidate Mr Peter Obi and others marching to the National Assembly on Monday to voice their anger at legislators approving changes to electoral laws, while omitting the key reform demanded by the opposition party.

The Senate’s position on the transmission of election results contrasts with that of the House of Representatives. However, both chambers have set up conference committees to harmonise their differences, after which a clean copy will be transmitted to the President for assent.

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