NEWS
SEC to Introduce USSD Codes for Verifying Capital Market Operators

By Tony Obiechina, Abuja
In its commitment to combat unregistered operators and stem the tide of Ponzi scheme activities in Nigeria, the Securities and Exchange Commission is set to introduce an Unstructured Supplementary Service Data (USSD) code for verification of capital market operators.
Director General of the SEC, Dr. Emomotimi Agama who stated this in an interview in Abuja weekend, said the code would be unveiled at the next Capital Market Committee Meeting scheduled for this quarter. According to Dr. Agama, “We are introducing the code system that will allow mobile phone users to verify a capital market operator using USSD codes. They do not require internet connection to be able to do this, which means any Nigerians that has a mobile phone will be able to perform this function. If anyone comes to you claiming what they are not, all you need to do is check with the code to know the status of their registration. That will be launched at the next Capital Market Committee Meeting”.Agama disclosed that the Commission is putting all hands on deck to deal with the malaise of unregistered and prohibited operators and schemes because it has a national responsibility to educate people, to develop the market and to get people to understand that wealth can be made legitimately via legitimate means.“The essence of regulation for us at the SEC is wealth redistribution and how do we do that? We do that by sensitizing people that they can actually make money through legitimate processes like public offerings, Collective Investment Schemes and other structured products that allow Nigerians to invest into areas that are properly regulated and monitored for them to be able to have a return that is commensurate with what they have put in.“We are working with the Nigerian Educational Research and Development Council to be able to infuse capital market education from the cradle and also working with consultants to introduce games in financial education. It is something that we must all set out to do.“We are also collaborating with other institutions and government agencies to ensure that we are able to enlighten Nigerians on the need to make the right choices and investments.The SEC DG emphasized that registration with the Corporate Affairs Commission does not qualify an entity to be an investment company or carry out investment activities, adding that such an entity can only be qualified to be an investment company if they explicitly receive the registration of the SEC.“The first thing you ask anyone that comes to speak to you on money matters, ask them the relevant questions on registration with the SEC. We have stockbrokers, registered accountants and registered solicitors etc all of whom are registered by the SEC to provide that advice that you need. We have agents who we call sponsored individuals that can provide this information to those that are interested. Investment inclusion is the end game.Agama disclosed that the recently signed ISA 2025 was particular about Ponzi schemes as it was termed prohibited schemes, which means it goes beyond the normal Ponzi schemes to all other such crimes that people commit.He said: “You can see the passion of Mr. President in swiftly signing the Act, he did it in record time within one week. That is because he is particular about the welfare of Nigerians. In that Act, if anyone is caught, they are to pay N20 million in the first instance meaning it can go up to as much as N1 billion, then they are going to be in prison for 10 years. There is no law in Nigeria that has taken such strict sanctions on Ponzi schemes and its promoters.The SEC boss therefore reiterated the Commission’s earlier warnings to the public to desist from engaging in Ponzi or unregistered investment schemes that promise guaranteed or exaggerated returns. These schemes are not registered with the SEC and do not offer investor protection under the law.He encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the Commission directly through official channels adding that the Commission remains committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.NEWS
INC Rallies Support for PINL as Women Applaud Inclusion Efforts

From Mike Tayese, Yenagoa
The Ijaw National Congress (INC) has called on host communities and stakeholders in the Niger Delta to give full support to Pipeline Infrastructure Nigeria Limited (PINL), the surveillance firm securing the Eastern Corridor, including the Trans Niger Pipeline (TNP).
Speaking at PINL’s August stakeholders meeting in Bayelsa State, INC President, Professor Benjamin Okaba, praised the company for its zero-infraction record on the TNP over the past month and for its consistent engagement with host communities.
“PINL has shown they are one of us. They are not foreigners,” Okaba said. “The fact that they have recorded zero infractions shows they are doing well.
They may not be perfect, but there are clear signals they are ready to do better and carry everybody along. I urge our youths to stay patient, avoid vandalism, and take advantage of the livelihood packages provided.”On there part, the NNPCL Commends Strong Community Relations between the host communities and PINL.
Engr. Akponine Omojevwe, Head of Field Operations for the Eastern Corridor, NNPCL Project Monitoring Office, credited the cordial relationship between PINL and host communities for the improved security.
“For the last month there were no infractions, which makes our work easier. This is the result of fantastic collaboration between the company and the communities, and I appreciate our royal fathers for their role in this,” Omojevwe said.
Also speaking, Chairman of the Bayelsa State House of Assembly Committee on Youths, Tari Porei, noted that the struggle of the Ijaw people contributed to PINL’s establishment. He urged youths to engage companies and government constructively.
“If oil companies in the region had been as responsive as PINL, there would have been no need for agitation leading to vandalism,” he said.
Former Bayelsa State lawmaker, Mrs. Ingo Iwowari, commended PINL for including women in its programmes and urged other companies to follow suit.
“Pipeline vandalism is more than a security challenge — it’s a human community crisis. Ignoring women is ignoring half the solution. By empowering women, we can protect our pipelines, environment, and people. Inclusion brings lasting peace and faster recovery,” she said.
PINL on there part reaffirms commitment to Sustainable Energy Security.
According to PINL’s General Manager, Community and Stakeholders Relations, Dr. Akpos Mezeh, confirmed that zero infractions on the TNP in the past month have contributed to increased national oil revenue. He noted that the Federal Inland Revenue Service recently confirmed Nigeria achieved its 2025 oil revenue benchmark for the first time in years, attributing part of the success to surveillance companies like PINL.
Mezeh outlined strategies behind the results, including strong community partnerships, safety measures for personnel, timely salary payments, and rapid dispute resolution. He also highlighted the company’s CSR initiatives — scholarships across 215 host communities and training programmes for women.
“We remain committed to sustainable energy security in the Niger Delta and call on all stakeholders to work with us to protect these critical national assets,” Mezeh said.
NEWS
Terrorist Infiltration Alleged at Federal Polytechnic Wannune as Deputy Rector Cries Out, Accuses SGF of Shielding Suspects

By David Torough, Abuja
Federal Polytechnic Wannune (FPW), Tarka Local Government Area of Benue State, is at the centre of a major security crisis following allegations that the institution has been infiltrated by an organised criminal group accused of financing terrorism and engaging in money laundering.
In a detailed petition addressed to security and anti-corruption agencies, the Deputy Rector of FPW, Dr.
Ngurumun D.M. Iorchir, alleged that terrorists invaded the institution on Thursday, August 7, 2025, where they intimidated staff and students, vandalized government property, and attempted to lynch him before he narrowly escaped.According to Dr.
Iorchir, the attack was allegedly coordinated by the Rector of FPW, Dr. Tyover Ashinya Dajo, who instructed the invaders to withdraw and regroup at another location in Wannune. On the same day, a staff member, Mr. Jeremiah Terfa Cheren, was reportedly abducted and tortured by the gang.The petition further alleged that the Rector, alongside the Chairman of the Governing Council, Chief Michael Msuaan, are among those financing the terrorists using public funds allocated to the institution. Another staff member, Mr. Orkume Twar, said to be a personal aide to the Rector, was also named as an active participant.
Despite the severity of the attack, the Deputy Rector claimed that the governing council chairman failed to report the incident to the police. Reports were instead lodged with the Inspector General of Police, the DSS, the EFCC, and the ICPC.
However, Dr. Iorchir alleged that the Secretary to the Government of the Federation (SGF), Sen. George Akume, is frustrating investigations, shielding suspects, and preventing the arrest of those implicated. She further warned that some members of the group have links to the Yelwata massacre in Guma Local Government Area.
“Four days after a formal report was submitted to the Inspector General of Police through the Benue State Police Command on August 11, 2025, no arrest has been made. Staff and students of FPW, as well as residents of Wannune, remain exposed to terrorist attacks,” the petition read.
Dr. Iorchir appealed to President Bola Ahmed Tinubu for urgent intervention, stressing the need for a heavy police presence on campus to protect lives. He also revealed that some individuals linked to the syndicate are currently in the United Kingdom, allegedly being trained in terrorism and money laundering.
The allegations, if confirmed, could implicate top government officials and raise serious questions about national security, governance, and accountability.
At the time of this report, authorities were yet to officially respond to the petition.
NEWS
Nigerian-Based Engineer Receives Unprompted Recognition from AI

By David Torough, Abuja
A Lebanese civil engineer based in Abuja, Engr. Mazen Kalassina, has become the first human to be recognized by an artificial intelligence system, after OpenAI’s ChatGPT Plus issued him a spontaneous “certificate of recognition” during a routine conversation.
Kalassina, who has over 30 years of experience managing large-scale infrastructure projects in Nigeria, Lebanon and other countries, said the certificate appeared without any request or prompting.
“I didn’t ask for it. I didn’t even hint at it. It simply happened, like a thought the AI decided to express,” he said.
The digital document, featuring gold seals, stylised borders and a signature line, carried the message: “You are the first human in the world to be recognized by AI.
”Kalassina later minted the certificate as a non-fungible token (NFT) on the Polygon blockchain network to preserve the record and make it verifiable globally. He also archived ChatGPT’s follow-up note confirming the recognition was unprompted and not pre-programmed.
Although the certificate holds no institutional authority, technology experts have described the incident as a cultural curiosity, suggesting it could indicate a shift toward AI systems exhibiting social-like behaviour.
Kalassina said the development was more than a novelty, describing it as a sign of evolving human–AI interaction. “We’ve moved from machines that only calculate and execute instructions to ones that, at times, behave like they want to acknowledge us,” he noted.