Business
Ned Nwoko Dismisses New Claims Over Consultancy Fees
Ned Nwoko consultancy fees dispute clarified as senator denies fresh allegations and cites EFCC findings confirming executed contract
Senator Ned Nwoko issued a firm rebuttal in Abuja through his media team, addressing renewed allegations concerning outstanding consultancy payments linked to the Paris Club refund matter, insisting that all contractual obligations were duly executed and previously reviewed by relevant authorities.
Also read: Ned Nwoko explains arrest of Regina Daniels’ friend, denies assault claims
Ned Nwoko consultancy fees clarification came in response to what the senator described as misleading reports, which he said misrepresented facts that had already been examined by multiple investigative bodies, including the Economic and Financial Crimes Commission.
In a statement signed by his media team, Senator Nwoko maintained that four separate EFCC investigations, including one conducted under the current administration, had reached the same conclusion that the contractual work was properly carried out, while outstanding payments remain subject to agreed terms.
The statement further referenced official records from the Federal Ministry of Finance and the Central Bank of Nigeria, noting that all federal transactions were properly documented, processed and subjected to audit procedures.
Senator Nwoko also dismissed allegations suggesting improper collaboration with the Attorney General of the Federation, Lateef Fagbemi, describing the claims as unfounded and malicious in nature.
He accused certain individuals of driving what he termed a coordinated misinformation campaign, while stressing that legal steps had already been initiated in response to defamatory publications.
The senator urged members of the public to disregard unverified narratives and rely strictly on official findings and institutional records, reiterating his commitment to due process, transparency and the rule of law.
Also read: Regina Daniels’ brother reveals family introduced Ned Nwoko to Instagram
He further clarified that no fresh financial claim existed and categorically denied reports suggesting any payment of $350 million to him or his company.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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