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ICT is Fast Becoming A Way of Life – Nnoruka

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Nnamdi Nnoruka is the chief executive officer of IT & C Networks Limited, a leading distributor and supplier of MSI Computers range of products in Nigeria and West Africa. Nnoruka has had multifaceted exposure to technology having started as an Air force Pilot. In the course of going through the officer cadre, he got exposed to various forms of management training courses. He is also a lawyer by profession. Before moving on to the ICT space, Nnoruka went to the London Business School where he bagged a Post Graduate Degree in business management and strategy. He spoke to funmi ilesanmi.

Internet Connectivity in Nigeria Then and Now
Well, not much has changed from when I started because quality bandwidth still remains a very scarce and expensive commodity in Nigeria as at now. Most of the satellites in orbit are facing away from where we are; only very few have good footprints in sub-Saharan Africa. That is why there is not much to choose from, you have to work with particular satellite bandwidth providers to be able to deliver home form of bandwidth and quite often because it’s scarce and very expensive because demand is very high, they are not meeting up with the demand so the price keeps going up. That is why these things are very expensive and that is why very good quality bandwidth is also very scarce. That is as at now but the good news is that all these is about to change. With the arrival on the scene of players like MainOne and Glo1, obviously by the time they have really rolled out, which will happen definitely in the next couple of months, the story will be totally different. I am not saying they will solve all the problems, I am not saying all of a sudden we would be like anywhere else in the world like Europe and the entire East Asia but we would improve tremendously to the betterment of everybody.
As we speak, it is still very problematic. One of the things that has changed though from when we were trying to provide the services and now is that the big boys like MTN, Globacom and so on have to into the internet service provision space and that has made it very difficult for smaller players like us to continue even in doing what we were trying to do because due to economy of scale, there is no way we can match the big players in terms of pricing and possibly quality of service. This made internet more ubiquitous than it was but still the quality is still lacking and the pricing is still comparable to what it was then but now that MainOne and Glo 1 are in the picture, we are looking forward to a drastic change. We are hoping that we would see a very significant price drop, people should be able to pay N5,000 in a month and get very decent bandwidth on a 24 hour basis.
Patronage of Obsolete Products        
A lot has happened in that area with people like us coming into the field with a brand like MSI that was not too well known in Nigeria. MSI has been in Nigeria for a long time but MSI being the manufacturer of very good quality PCs have always been known for their mother boards, VGA cards and other components. A couple of years back they made a strategic decision to go ahead and manufacture their own personal computers so now they have a very wide range of fantastic laptops, netbooks and all in one PCs. They also have other products- they have servers and so on. One thing is very clear; they are of very good quality and good pricing. Keeping the pricing within the affordable limit is what has been driving us, otherwise their products are premium products and because they are premium products they tend to be highly priced. A friend of mine who is one of our resellers traveled to Dubai recently and apparently a PC that we normally give to him at N50,000, he saw it there and they gave it to him at $420. He called me and was screaming literarily on the phone and I am not pretending about this; that is to tell you what we are trying to do. What we have done is that we are not driven by excessive profits. I am not telling you that we are not trying to make profit, we are trying to run a business naturally the business that should sustain itself, pay salaries and all that and also for us to get something out of but the ultimate thing we want to do is to make very good quality and affordable PCs available to members of the public. We are not the only one doing this, a whole lot of other players have come into the field and because of our activities pre-existing players have taken a clue and they have come down with their pricing in order to compete with us. The net effect of what we have done is that we have brought down the prices of good quality PCs, desktops, laptops and all that.
Hopefully, we will continue to drive down these prices but you know there is a limitation because the components are generally controlled by monopolies in the world. I mean at least 80 percent of the chips, the processors are produced by Intel and everybody buys them. About the same percentage of operating systems are produced by Microsoft so everybody must buy from Microsoft. That kind of practice puts a limit to what we can do but in the next couple of months we are coming with something that would literarily place a laptop in the hands of every school child at lesser prices.  This is what we are working on and we will continue to do what we are learning to do better now.
Expansion Plans
Basically, we are distributors. What we are mainly concerned with is bringing our range of products and making them available to members of the public through our resellers. We are not set up as a reseller. What you are seeing here is just for you to have an idea of the range of what we have but we are not hoping that if we are looking to sell here, then we would not be here, we would be on the high street with well appointed shops and well decorated places where people would want to come in and buy. We are not set up as resellers, we are basically distributors.
What we may look forward to doing in future might be to open a reselling outlet but why I am not too hot on doing that immediately is that I do no want to compete with my customers, my customers are the resellers. People walk in here and talk to me, we are still in the process of trying to make people know the brand and the only way we can do that is to put these things in the hands of people and get them to use and experience the MSI brand. If an individual walk in here, he or she will still be able to buy but that is not what we are set up to do. What we are set up to do is to make ourselves available to our customers so that our customers who are resellers will be able to buy maybe 50 units, 100 units to sell. Again, you know the internet is everywhere, if you go to www.itcafrica.com, you will see a range of our products an0.d we have put prices there. The reason is for it to guide our resellers. If you to a MSI reseller and you say that the price of this is this, by this we try to control the price. We are in business to deliver to people at affordable prices and for us to achieve that we have to impress it on our resellers as well. If you already know that the price of a U130 is N55,000 and our reseller tells you it is N60,000, you will tell him no, that the price is N55,000. If he fails to sell it to you, you come to us, we will give it to you at that price, which is why we have put our prices transparently on the internet so everybody can see. Also, our address is there so any reseller that is serious to do business with us at least for the first time will come here. Subsequently, we can know where he is or have other arrangements of moving the goods to him so we don’t have to be everywhere.
Support
Another aspect to our business is to provide technical support. Having brought the goods in, it is also our responsibility to make sure that when our resellers sell to end users, the end users get good value for their money. So if you bought our system that has a year warranty for instance and two months into use you suddenly realize that the power is not good enough or the scene is not working, not that you allowed it to fall or you allowed it to get damaged physically, then naturally the warranty kicks in and we are the people to provide that warranty support to you ultimately. 
Training for Resellers
We have tried to institute training for our resellers at least pricing. We held the first one sometime towards the end of May and during this type of session, we bring in resource persons to talk to them and tell them about what the computer is basically all about. We also talk to them about our mindset, about our orientation, our values and our culture. Why we do things the way we do them so that they would understand the IT & C Networks Limited framework. What is driving us is making ICT available to people so that this can change the way we do things. We also try to make them feel part of the passion that we feel as to what we do. We believe that MSI is a very good brand and we are passionate about it. MSI is one of the biggest brands whose owners do their own manufacturing which others do not. MSI maintains a standard, they have control over their schedules and conduct very extensive research and development and that is why if you point to any of the MSI brand, I will tell you something unique about it. There is always something very unique about it because they do their own production and are always moving with time. 
Challenges in Distributing the MSI Brand
Very serious challenges I must tell you. The fact that the MSI brand is relatively new, most people have not heard about. It is a new brand coming into an environment that is already dominated by the better known brands, that is number one. Number two is the fact that ICT is still at the infant stage in Nigeria and as a result users are not yet discerning. Whereas if they were discerning, they would know the features they are looking for in the PCs that we have but they do not know. Government does it, corporates do it and of course the average Nigerian does it.
Impact of Economic Meltdown on Volume of Business
It has affected it adversely. The rate of uptakes of ICT slowed down definitely. A lot of people who desired to purchase laptops, PCs and so on cannot do so because disposable income has shrunk and people are more concerned about basics needs like food, shelter, school fees, then they can now start talking about computers. But you know something, ICT is fast becoming a way of life and most people have discovered that this is no longer a luxury. Though there has been a slow down but then this is something that is becoming increasing inevitable that everybody must have access to his or her own computer.

IT & C Networks Limited
IT & C Networks Limited was incorporated in 2004 for the purpose of carrying out the business of ICT generally. That came about when I was at the London Business School. It became clear to me that that would be the way to go. I saw ICT as a way of bridging the yearning and growing gap in terms of infrastructural development between Nigeria and the rest of the developed world. I saw ICT as a means of bridging that gap and I decided that whatever happens, I was going to play in that space so I went ahead and incorporated the company. We started business towards the end of 2005 in Abuja and then we were providing internet access to people. The aim of doing so was that most people could not have access to decent internet connections, we bring bulk internet and give it to people at affordable prices. In doing that we went into partnership with a Canadian company called Omni-globe and we started running services in Abuja. We met a whole lot of challenges because I was coming from the angle of an entrepreneur and I wasn’t an ICT professional in that sense. Obviously, I had to learn on the job so we made a lot of mistakes, a lot of them very costly mistakes. We had a whole lot of challenges trying to cope with technologies involved in the lastmile delivery of internet services. I must tell you that we did do a lot, we achieved a lot, I also learnt a lot in that process. First of all, I realized that one of the major barriers to people having access to internet was access to personal computers, unfettered access to personal computers. It was so bad then that people resulted to buying used and dumped PCs, laptops being shipped in by very unscrupulous Nigerians and foreigners from all over the world and been sold to people at very exorbitant prices. People were parting with their monies and not getting good values for them. I saw that as a very big challenge and at some point, I realised that this was a major problem, I identified it and decided to address it. In the course of trying to do that, I got in touch with MSI and we agreed to partner to bring in quality PCs and make them available to Nigerians at affordable prices.
Again, one of the areas that I saw where we could make a lot of impact is in the educational sector because people have to acquire the capacity to use ICT to change the way things are done in Nigeria and to bring about that bridging of the gap I mentioned. From the scratch, we realized that for children of priviledged people who constitute not less than five percent of the entire society, they go to schools where they have access to these things, the rest of the children do not have access to these so, that portends a lot of problems in the future and we decided that we are going to make a lot of emphasis on the educational sector. We tried to provide internet access and we try to deal particularly with the educational sector where we think we can make a whole lot of difference.
Again, we corporate with ICT giants like Microsoft, Intel and so on to bring in very affordable solutions to government and other agencies involved in the delivery of education. That is what IT & C is all about.


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Report Finds 30% More Young Gamers Targeted by Cybercriminals in H1 2024 vs. H2 2023

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The number of unique users targeted by cybercriminals using popular children’s games as a lure surged by 30% in the first six months of 2024 compared to H2 2023, according to Kaspersky experts.

 

Researchers analysed gaming risks for young players and discovered that more than 132,000 users had been targeted by cybercriminals. More details can be found in the latest Kaspersky report on cybercrimes targeting young gamers.

The most exploited children’s games

Kaspersky looked into the threats disguised as popular kids’ video games and analysed the period from July 1, 2023, to June 30, 2024.

Throughout the reported period, Kaspersky security solutions detected more than 6.6 million attempted attacks, where cybercriminals used the brands of the kids’ games as a lure.

Out of the 18 games chosen for this research, the majority of attacks were related to Minecraft, Roblox, and Among Us. According to Kaspersky’s statistics, more than 3 million attempted attacks under the guise of Minecraft were launched throughout the reported period.

Most likely, cybercriminals chose this method of attack based on the popularity of games among players, as well as the ability of gamers to use cheats and mods. Since the majority of mods and cheats are distributed on third-party websites, attackers disguise malware by posing as these applications.

Kaspersky experts believe that the higher success rates detected in 2024 can be explained by the trends observed in the recent developments of the general cyberthreat landscape.

On the one hand, following popular trends, cybercriminals launch more cunning attacks, exploiting the current agenda and crafting less obvious schemes, instead of using generic attacks.

On the other hand, cybercriminals are increasingly using AI to automate and personalise phishing attacks that are more likely to deceive young gamers. At the same time, new advanced phishing kits — pre-made templates of phishing pages — created with automated tools consistently appear on the dark web, allowing an increasing number of attackers to deploy highly effective phishing sites that mimic popular gaming platforms.

Scams on children’s favourite games

One of the most common scams in gaming is the offer to receive new skins for your character — essentially clothing or armor — that enhance the hero’s skills. Some skins are common, while others are extremely rare and, therefore, more desirable.

Kaspersky experts have found an example of a scam that uses both the name of popular game Valorant and that of the world-famous YouTuber Mr. Beast. By selecting this blogger and using his photo, the fraudsters aim to capture children’s attention and hook them into their fraudulent scam.

To receive the desired Mr. Beast skin, young users are asked to enter their login and password for their gaming account, enabling their credentials to be potentially stolen by scammers as a result.

Another popular trap is the offer of receiving in-game currency. In one of the discovered scams exploiting the Pokémon GO brand, users are asked to enter the username for their gaming account. Next, they’re asked to take a survey to prove they’re not a bot.

Once the survey is complete, they are redirected to a fake website, usually one promising free prizes or giveaways. This is where the real scam kicks in.

The scammers aren’t actually after personal data like credit card details; they’re using the guise of gaming to lure users into another hoax — one involving fake downloads, prize claims, or other deceptive offers.

The whole process is a clever way to redirect users to a different, more dangerous scam under the pretense of a legitimate verification step.

“Throughout our research, we see attacks on children are becoming a common vector of cybercriminals’ activities. That’s why cyber hygiene education and the use of trusted cybersecurity solutions are a ’must-have’ in building children’s safety in the online environment.

By fostering their critical thinking, responsible online behaviour, and a strong understanding of the risks, we can create a safer and more positive online experience for this generation of digital natives,” comments Vasily Kolesnikov, security expert at Kaspersky.

 


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NCC, ALTON, MainOne Back Oketola’s Book on Tech Evolution

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Dr. Aminu Maida, Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission, has confirmed his participation as the immediate past Editor of The PUNCH, Dayo Oketola,  launches a book on Information and Communications Technology evolution.

The book, ‘The Catalyst: Nigerian Tech Evolution Through a Journalist’s Lens,’ will be launched on September 17, 2024, at an exaugural lecture to mark the end of Oketola’s time as Editor, The PUNCH and celebrate his nearly 20 years in journalism and leadership practice.

The Head, Media Relations at the NCC, Dr Omoniyi Ibietan, who communicated NCC’s support to the author, said, “It is a consequential work. Congratulations.”

Read Also: NCC Threatens to Fine Telcos over Poor QoS

Similarly, the Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), Engr. Gbenga Adebayo, and the CEO, MainOne, an Equinix Company, Ms. Funke Opeke, have also thrown their weight behind the book launch and exaugural lecture while congratulating the author.

“We would like to express our sincere gratitude for the invitation to your upcoming exaugural lecture and book launch. Congratulations on reaching this significant milestone,” MainOne said in a letter.

Former President Olusegun Obasanjo, GCFR, will be the Special Guest Speaker at the event.

Oketola said the evolution of Nigeria’s telecommunications sector, which began with the introduction of GSM in 2001 by Obasanjo, had attracted over $70bn in investments and created over 500,000 jobs in the country.

He highlighted the bold initiatives that opened the sector to private investment, from 450,000 telephone lines before 2001 to a vibrant market today, and also charts a path through which Nigeria can maximise its digital economic potential.

Oketola, now a senior member of the PUNCH Editorial Board, left as Editor of The PUNCH  in June.

While serving as editor, he won the Editor of the Year prize at the Nigeria Media Merit Awards (NMMA) in December 2023.

He also led the organisation to win the Newspaper of the Year at the same award ceremony.

Oketola, a consistent journalism prizeman, also won Editor of the Year Award at The Industry Awards 2022.

He is a two-time winner of the Zimeo Excellence in Media Awards in Johannesburg 2015 and Nairobi 2016, among numerous awards during his illustrious journalism career.

In a statement, Oketola said, “I am excited to announce the upcoming launch of my book, The Catalyst: Nigerian Tech Evolution Through A Journalist’s Lens, scheduled for September 17, 2024.

“On the same day, I will also be hosting an exaugural lecture to celebrate my tenure as Editor of The PUNCH and nearly 20 years in journalism.”

Speaking further, the former editor described his years in journalism as one that had driven advocacy and impacted different sectors of the economy.

“My 20 remarkable years of stewardship to the nation via media and leadership practices have driven advocacy and impacted areas such as business and economy, ICT, energy, agriculture, social inclusion, anti-corruption, drug trafficking prevention, and nation-building, a testament to the power of journalism in shaping our society,” Oketola remarked.

Read Also: NCC Unveils DMS to Protect Mobile Phone Users

Other influential guests hosted at the media event are a former Chief Executive Officer of MTN Nigeria, Michael Ikpoki, who will chair the occasion, and the Convener of the Centre for Social Media Research, Dr Akin Olaniyan, who will be the book reviewer.

The Minister of Information, Alhaji Mohammed Idris, will grace the occasion as the Chief Host.

Similarly, the Managing Director/ Editor-in-Chief of PUNCH Nigeria Limited, Mr. Adeyeye Joseph, is the host, while the President of the Nigerian Guild of Editors, Mr. Eze Anaba, is the co-host.


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DLM Asset Management Partners Your Study Path on “School is an Asset” Webinar

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DLM Asset Management, a subsidiary of DLM Capital Group, in collaboration with Your Study Path, is excited to announce the “School is an Asset” webinar, scheduled for September 19, 2024.

This engaging virtual event will spotlight the crucial role of education as a foundation for a prosperous future and spotlight the Child Education Plan designed to help parents secure their children’s educational opportunities.

The “School is an Asset” webinar will emphasize that education is not just a path to personal success but a significant investment with lasting benefits for individuals, families, and communities.

As the world evolves, the importance of education in fostering personal and professional growth cannot be overstated. This event aims to inspire students and parents to fully embrace and leverage their educational opportunities.

We are pleased to feature an esteemed lineup of speakers, including Egunjobi Daniel Ololade, CEO of Your Study Path; ThankGod Ojabugbe, Portfolio Manager at DLM Asset Management; Goziem Nancy Idonor, Business Development Manger at DLM Capital Group; and Gbotemi Kolowale, Digital Marketer at DLM Capital Group.

Each speaker will provide valuable insights into the significance of education and discuss the Child Education Plan designed to assist parents in financially planning for their children’s education. Attendees will also have the opportunity to engage with the experts during live Q&A sessions to receive personalized advice and answers to their questions.

The webinar will take place on September 19, 2024, from 11:00 AM (WAT). It will be hosted virtually, and free registration is available here.  Join us for the “School is an Asset” webinar and take an essential step toward securing a brighter future through education.

 


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