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Military Chiefs, Others Steal $15Bn- TI

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Former military chiefs and politicians have reportedly stolen a whopping $15 billion – a sum equivalent to half of Nigeria’s foreign currency reserves – through “fraudulent arms procurement deals” in the last seven years, according to Transparency International (TI).

The fund simply disappeared into private pockets under the guise of procurement of arms and military equipment used in the fight against the Boko Haram terrorists in Nigeria.

TI, the global watchdog against corruption in a report exposed pervasive corruption in the defence sector in Nigeria.

“Nigeria’s corrupt elites have profited from conflict; with oil prices at a record low, defence has provided new and lucrative opportunities for the country’s corrupt kleptocrats. Former military chiefs have stolen as much as $15 billion – a sum equivalent to half of Nigeria’s foreign currency reserves – through fraudulent arms procurement deals,” the report stated. But, the Defence Headquarters (DHQ) has refuted sweeping allegations made against the military by Transparency International.

The report revealed that the Boko Haram insurgency has been fuelled by a high level of public sector corruption involving the top brass of the Nigeria Armed Forces and their civilian accomplices, a situation that has almost eroded the legitimacy of the Nigerian state. The 19-page report entitled, “Weaponising Transparency: Defence Procurement Reform as a Counterterrorism Strategy in Nigeria” exposes the damage corruption has done to the nation’s political stability, counter-terrorism efforts, socio-economic development and well-being of the citizens.

The report was published by Transparency International Defence and Security Programme in collaboration with Civil Society Legislative Advocacy Centre (CISLAC)

According to the report, Nigeria recorded sharp increases in defence spending between 2011 and 2015 as a result of the counterterrorism operations in the North-East, but unfortunately, there was little or nothing to show for it.

“Extra-budgetary spending on counterterrorism has dramatically increased throughout 2014 and into 2015, and with it the scale and scope of corrupt opportunities in the defence sector.

“Corruption has hollowed out the Nigerian Army, the largest in West Africa, and compromised the integrity of the country’s Navy, which has been implicated in the theft of millions of barrels of crude oil in recent years. “The result has been a corrupt war economy that incentivises high-ranking officials and security personnel to perpetuate conflict for personal gain. War has been a boom to Nigeria’s corrupt,” said the report.

The report further revealed that in Nigeria, politicians compete for private control of national coffers, rather than delivering public goods based on the growing needs of Nigeria’s booming population.

It said that under the influence of political connection, the politicians and their military accomplices were able to short-change the system as was seen in the celebrated case former National Security Adviser, Col Sambo Dasuki (rtd) who is currently standing trial for allegedly diverting funds meant for the counter- terrorism war to foster the political agenda of the government served. “Defence sector corruption in Nigeria has enabled the political elite to accumulate and distribute political patronage. Longstanding military exceptionalism meanwhile, has justified weak and compromised oversight of security-related spending and excessive secrecy.

“By far, the most significant corruption opportunities are those exploited through inflating procurement contract values and creating “phantom” defence contracts. Such contracts are used as a vehicle for money laundering: facilitated via weak or corrupted Nigerian banks, illicit financial flows are often hidden in property in the UK, United States, South Africa and Dubai.”

The report blamed the high rate of corruption in defence contracts on the secrecy associated with whole system, coupled with the general culture of corruption that has eaten deep into all facets of the Nigerian system. The reports said, among other things, that public sector corruption was undermining the state’s ability to address Nigeria’s many socioeconomic underdevelopment, unemployment and insecurity challenges.

According to the report, “Corruption has been particularly destructive in the defence  and security sector. Overlooked in peacetime, defence sector corruption has devastating real world consequences when conflict flares. With lower oil prices, corrupt elites have increasingly exploited alternative illicit revenue streams.

“The secret nature of defence and security budgets has made them the easiest and most lucrative opportunity to exploit. While Boko Haram has constructed a conflict economy geared around pillage, racketeering, and kidnapping; senior players in the Nigerian security sector have also profited from the insurgency.

Creating inflated or phantom contracts is still one of the easiest ways for corrupt actors to steal from the Nigerian defence budget. “In 2014, former NSA Dasuki awarded a $500 million contract for refurbished helicopters to Triax Company Limited. The helicopters have not been deployed. One source in the Nigerian Air Force described the purchase as “pure waste”.

As another source explained, “for the price of each helicopter provided by this contract, the Air Force could have acquired seven top grade, brand new military helicopters.”

Another common tactic in corrupt defence contracting is the use of ‘briefcase companies’: shell companies that exist only on paper. In December 2011, for example, unconfirmed reports surfaced of the MOD seeking six brand new Mi- 17SH military helicopters to support operations against Boko Haram. “The tender was not advertised, and instead, the eight companies were invited to bid for the multi-billion dollar supply contract.

No information is available on any of the companies invited to bid, what goods and services they provide to the defence or any other sector, who their employees are, or who owns them. None appear to have the capabilities to fulfill this contract; suggesting that the beneficiaries are simply set up to give the appearance of multiple bidders competing to lower the price to complete the contract.

“By acting in collusion, however, the multiple bidders are able to increase and artificially inflate the contract price. Some of the bids were in Euros or Pound Sterling, suggesting – perhaps deliberately – links to Europe or the UK, though none could be found. Most of the bids were around US $20 million per helicopter. Yet, an identical helicopter model purchased by the United States came to US $17.5 million per unit, while a similar model sold by Russia to India in 2012 cost US $17 million per unit,” the report said.

The report, however, acknowledged that President Muhammadu Buhari’s government has taken significant steps to identify and prosecute individuals involved in security sector corruption. In his comment, Auwal Musa Rafsanjani, Director of CISLAC said: “The defence sector is a juicy target for corrupt military leaders seeking to pad their pockets.

Without increasing transparency and oversight of our most secret sector, we will not succeed in keeping Nigerian wealth in Nigeria. Corruption in the defence sector only helps Boko Haram.”

Meanwhile, Maj-Gen. John Enenche, Director of Defence Information, refuted the allegations while briefing journalists at the Defence Headquarters in Abuja.

Enenche said that the allegations were false and, therefore, should be disregarded by Nigerians and the international community. He said the present leadership of the Armed Forces had done a lot to train, boost troops’ morale and procure vital equipment through due process for operations against insurgents in the North-East and other operations.

He said the DHQ, Army, Nigerian Navy (NN), Nigerian Air Force (NAF) Headquarters had established procurement branches that were guided by the rules and regulations of the Bureau for Public Procurement (BPP).

He said even the Ministry of Defence was dealing directly with states and governments on Defence equipment procurement without using contractors or vendors any longer. “On this note, it is suspicious that a sweeping statement of corruption against the military officials at this time is rather disheartening.

“More so, the Nigerian Military was, on March 22, credited by the United States of America (USA) as having done very well for fighting insurgency and extremism, among others. “Such an allegation came at the peak of consistent success being recorded in our areas of operational engagements, especially in the North-East,” Enenche said.

The Director of Defence Information explained further that the military operations in the North- East was very obvious, not only to Nigerians, but the whole world, hence the allegation must be treated with utmost suspicion.

“The DHQ is, therefore, assuring the general public that there is no calculated, deliberate or institutionalised corruption in any form within its system,” he said. The DDI concluded by saying: “I susp


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Kaspersky Warns of Data Stealers Hunting for User Credentials

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As the malware development market continues to flourish with new stealers such as Lumma, for the last three years Redline still remains the dominant data-stealing malware used by cybercriminals.

More than half of every device (55%) targeted by password-stealer attacks in 2023 has been infected with the Redline malware, Kaspersky Digital Footprint Intelligence finds.

Infostealers infiltrate devices to illicitly obtain sensitive credentials such as logins and passwords, which are then peddled on the shadow market, posing significant cybersecurity threats to personal and corporate systems.

According to information gleaned from log-files traded or distributed freely on the dark web, Redline was used in 51% of infostealer infections from 2020 to 2023. Other notable malware families included Vidar (17%) and Raccoon (nearly 12%).

In total, around 100 distinct infostealer types were identified by Kaspersky Digital Footprint Intelligence between 2020 and 2023 using metadata from log-files.

The underground market for data-stealing malware development is expanding, evident from the rising popularity of new stealers.

Between 2021 and 2023, the portion of infections caused by new stealers grew from 4% to 28%. Specifically, in 2023, the new “Lumma” stealer alone was responsible for more than 6% of all infections.

“Lumma emerged in 2022 and gained popularity in 2023, through a Malware-as-a-Service (MaaS) distribution model.

This means any criminal, even those without advanced technical skills, can purchase a subscription for a pre-made malicious solution and use this stealer to carry out cyberattacks.

“Lumma is primarily designed for stealing credentials and other information from cryptocurrency wallets, commonly spread through email, YouTube, and Discord spam campaigns,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.

To guard against data-stealing malware, individuals are advised to use a comprehensive security solution for any device. This will help prevent infections and alert them to dangers, such as suspicious sites or phishing emails that can be an initial vector for infection. Companies can help their users, employees and partners protect themselves from the threat by proactively monitoring leaks and prompting users to change leaked passwords immediately.


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World Energy Conferencing

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By Okoko Chidozie Christian

[email protected]; 09025179984.

In an increasing world, the effectiveness of meaningful human interaction becomes ever important.

World Energy Conferencing

The significance of networking remains at the very core of what we do; and to support this we strive to offer more opportunities through digital platforms to engage online year round.

Conferences as indispensable part of business could be a vital opportunity that is certain to reap one’s time, organizational commitment and lots more.

Research proven creditably reveals that conferencing provides a rare opportunity for key individuals within field specialism to come together collaboratively all over the world, in the same place, at the same time.

Such environment provides the perfect platform to network,

form partnership and exchange knowledge with both peers, and people from connected industries with whom one may not have previously connected.

A prospect such as this is sure to serve well both now and in the future.

Having known that conferences attract a unique and incredible mix of thinkers, leaders, experts and emerging talents with an existing predisposition to develop skills; it also stimulates industry progress and contribute to important global conversations.

World energy conferencing are energy-focused events set to draw in the world’s top businesses and their leaders to put the wheels of actions in motion against climate crisis and other major threats to the energy sectors and wider world as a result.

The later part of last year saw one of the world’s most pivotal sustainability events to date, COP28 reported in my previous article “Sustainability of Clean and Renewable Energy” on April 1st, 2024. The event saw world’s leaders take urgent actions and decisions on the transition away from fossil fuels and towards renewable and energy efficiency.

Undoubtedly, conference brings a wealth of forums, events, programmes which unite leaders about energy and industry’s interest topics, insights, guidance and tackling of some of the most pressing challenges.

These energy events will help in bringing together leading companies and talented people to provide business professional with high quality trade shows, digital solutions and connections, research reveals.

Some of the anticipated World energy events include World Utilities Conference Abu Dhabi, UAE (May 8-10,2024); International Conference in Energy Paris, France (14-15 May, 2024); Reuters Global Energy Transition New York, USA (7-8 June, 2024); Energy Tech Summit, Bilbao, Spain (10-11 April, 2024 ); Offshore Technology Conference, OTC in Houston Texas (6-9 May 2024), and many more.

World Energy Conferencing help companies and individuals to gain access to official media partnering and news publications for the world’s largest energy events thereby increasing their brand visibility through a variety of compelling content platforms helping to share latest innovations which are shaping the future of energy.

Also, connect industry leaders and passionate individuals from across the globe all committed to advancing the future of the energy industry in a path towards sustainable, renewable and affordable energy.

Technology expositions has helped a wide range of industry-leading companies to present energy-efficient products, energy management services and solutions.

Also, creates an environment for global think tank, powered by global innovation, pioneering minds and groundbreaking insights. As creating a new energy future require bold and different thinking, majority of these conferences regarded as the foremost events get accelerated global transition to clean energy, and bring leaders, policy-makers, investment incubators, corporate partners and world-class start-ups to work towards a greener tomorrow.

However, apart from being at the frontier of discovery on a global platform, conferencing witnesses the solution, ideas and game changers that matters amongst the world’s leading energy brands. It opens way for stakeholders to a unique occasion in examining critical insights, global drivers of energy prices and to network with energy specialists from other international companies of the world.

World energy conference platforms showcase advances in energy and a highly interactive experience that inspire progressive leadership thinking, collaborative and constructive actions. Regarding the concept of its most vital meetings, reflects its present and dedicated future to the entire society.

So, as we look ahead to the next 100years of energy mix; it is critical we consider not just the future of our energy technology, but also how we increase society’s energy literacy and create more inclusive bottom-up energy communities.


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SoftTalk Messenger Introduces Chat and Make Calls without Sharing your Phone Number

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Sharing your phone number on chatting platforms can expose you to unwanted spam, potential security breaches, and even compromise your identity.

Simple Azenabor, CEO, SoftTalk Messenger, a Nigerian developer based in Japan, said: “Anyone in an individual or a group chat can see your phone number. But don’t worry, you can use SoftTalk Messenger that doesn’t require a phone number.

“It gives you the best of both worlds, the freedom to communicate with anyone and everyone, and the security of keeping your phone number private”.

SoftTalk Messenger allows you to connect effortlessly with your friends, school mates, and family by using your @username, eliminating the need to share your phone numbers. This feature provides privacy for your phone number, particularly in group chats.

To add friends you simply search by their Unique SoftTalk @USERNAMES or Names to start a conversation and make encrypted HD audio and video calls.

It is possible for a user to turn off and on his profile from  the SoftTalk directory if he prefers not to be discovered in a public search for a complete world of his own. Helping you to communicate with friends safely and privately

SoftTalk Messenger is a Nigeria’s Messaging app for Africans & the world. It enables users to buy and sell products and services in a marketplace, post stories, chat, make audio / video calls as well as pay utilities bills & buy low cost data & prepaid mobile airtime in Nigeria with plans to expand to other African countries in the near future. Users can make extra income by reselling Data and airtime to their friends right from within the app.

Messages are encrypted and transferred over a secure channel and use standard encryption algorithms: RSA-2048, RC4+ making sure that only the receiver of the message is able to read it. SoftTalk Messenger accommodates a total of 500,000 participants in a single group, and members can share media and large files.

According to Simple Azenabor, there is no doubt that Nigerians and indeed Africans are hungry for a new technology and need something different that can be called our “own” . It is my wish to see Nigerians use and encourage an indigenous solution built by one of us to grow our own.

The android version of the app was first introduced to Nigerians in late 2018 in the presence of the delegates from the NCC officials and the Minister of Information, Alhaji Lai Raufu Mohammed represented by a Director General in the ministry. SoftTalk Messenger has been bootstrapping and exploring various technologies in order to strengthen its backend infrastructure to build a secure and scalable system.

Today, SoftTalk Messenger  is available on both android, web and the Apple iOS platforms with support of about 16 languages including French and can be downloaded on google and apple stores.

 


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