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Online Car Sales Fraud Not Exclusive to Nigeria- Cheki CEO

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Mr. Gbenro Dara, chief executive officer of Cheki.com.ng
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The cyber criminals’ belligerent against online car sales market is real hence it demands collaborative efforts of stakeholders in the value chain to combat the tide, opines Mr. Gbenro Dara, chief executive officer of Cheki.com.ng.

Dara who spoke to Nigeria CommunicationsWeek during a recent Car Dealer Conference organized by the platform in Lagos, said that fraud associated with many online car sales platform is a serious global issue.

He said that Cheki.com.ng has adopted some key measures to protect buyers who visit the site, ensuring that only genuine dealers are granted access to the platform.

Dara also told Nigeria CommunicationsWeek that education among internet users is the starting point to combating fraud.

He said, “It is a big issue. It starts from what the Government, the stakeholders and the individual can do. The issue of fraud doesn’t necessarily apply to the online businesses only. In every country there is an issue of online fraud; it is never a ‘Nigerian’ thing.

“With the recession it was a bite accentuated, however, as a Company we are improving on our internal processes to ensure they do not get in there. We see a lot of posts on our platform, but we react swiftly, pulling them down using our internal risk management policy.

“We want to make sure anybody buying on Cheki Nigeria is buying from the reliable source. Nonetheless, there is always room for double checking to enable someone scale through the net that might have been crossed by fraudsters. Do you due diligence. For instance, it sands off when you hear ‘pay me upfront’; don’t just go ahead. Investigate the seller or call the Cheki’s number and we shall help you check the records.

“Other thing is when in doubt come to us; we are here to provide assistance and ensure your money is safe.

Speaking on the trends in the industry, Dara emphasized that due to the economic situation in the country many buyers have resorted to ‘used cars’.

He said that through ‘Cheki Buyer Assist’, they have seen enhanced sales among dealers and satisfied buyers have testified of the ease-to-use nature of the platform.

“We recently launched a buyer’s service called ‘Buyer Assist’. It is to help people who find it difficult to make decisions about used cars in Nigeria.

“There are many issues associated with buying used car in Nigeria. You can buy a Nigerian used car and sell it as a ‘tokunbo’; you could buy an accident-car unknowingly or even a stolen car. So, we rolled out the service where interested Nigerians are assisted to buy the right thing with their money.

“We literally take the potential buyer by the hand; check from our pull of verified dealers and select the car that meets the budget, help him/her negotiate and close the deal. We go as far as the registration of the car and insuring it.

“We have AXA Mansard as partners. We recently signed a memorandum of understanding with them as our exclusive insurance partners. It attracts a lot of values to us. So, anybody who purchases a car on Cheki is sure to have a reliable insurance partner,” Dara told Nigeria CommunicationsWeek.

 


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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E-Business

Huawei Unveils AI Computing System to Challenge Nvidia’s Flagship Product

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China’s Huawei Technologies unveiled an AI computing system on Saturday that an industry expert said rivals Nvidia’s most advanced product, as the company aims to expand its footprint in the country’s booming AI sector.

Huawei Unveils AI Computing System to Challenge Nvidia’s Flagship Product

The CloudMatrix 384 system made its public debut at the World Artificial Intelligence Conference (WAIC), a three-day event in Shanghai, attracting a large crowd to Huawei’s booth with its showcase of cutting-edge AI innovations.

The system has attracted significant interest from the global AI community since Huawei (HWT.UL) first introduced it in April. Industry analysts see it as a direct challenger to Nvidia’s GB200 NVL72, the most advanced system-level offering currently available from the U.S. chipmaker.

In an April article, Dylan Patel, founder of semiconductor research firm SemiAnalysis, stated that Huawei now possesses AI system capabilities that could surpass those of Nvidia.

Huawei staff at its WAIC booth declined to comment when asked to introduce the CloudMatrix 384 system.

A spokesperson for Huawei did not respond to questions.

Huawei has become widely regarded as China’s most promising domestic supplier of chips essential for AI development, even though the company faces U.S. export restrictions.

Nvidia CEO, Jensen Huang told Bloomberg in May that Huawei had been “moving quite fast” and named the CloudMatrix as an example.

The CloudMatrix 384 system features 384 of Huawei’s latest 910C chips and, according to SemiAnalysis, surpasses Nvidia’s GB200 NVL72 in certain performance metrics, despite the latter using 72 B200 chips.

SemiAnalysis attributes this performance advantage to Huawei’s strong system design, which offsets the lower power of individual chips by leveraging a greater number of them and incorporating system-level innovations.

Huawei describes the system as utilizing a “supernode” architecture that enables ultra-high-speed interconnectivity between chips.

In June, Zhang Pingan, CEO, Huawei Cloud confirmed that the CloudMatrix 384 was already operational on Huawei’s cloud platform.


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Transcorp Hotels Delivers Stellar H1 Results, Declares Over ₦1Bn Dividend

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Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.

The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.

In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.

Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.


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Microsoft Servers Hacked by Chinese Groups

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Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.

Microsoft Servers Hacked by Chinese Groups

 

China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.

The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.

“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.

The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.

It added that it would update its website blog with more information as its investigation continues.

Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.

Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.

Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.

A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.

“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.

Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.

Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.

It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.

Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.

 

 

 


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