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FG, Korea To Unveil Phase-2 Of ICT Project

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The Federal Government and Korea International Cooperation Agency (KOICA) are concluding arrangements to launch second phase of partnership in ICT that would develop experts and highly skilled labor in information and Communication Technology (ICT) in Nigeria.

This was disclosed yesterday when a delegation from the KOICA office, led by its  Country Director, Sook Hyun Park paid a courtesy visit to the Ministry of Communications, Abuja.

The country Director said that, South Korean government through KOICA has enjoyed a strong partnership with Federal Ministry of Communications in its e-government capacity building project for the past 7 years.

“Our first e-government project which has existed for the past 7 years with a strong partnership with Federal Ministry of Communications would be concluded next year. We shall keep our effort and support to Nigeria. E-government in the 2nd project which  we plan to embark  upon, we are interested in developing human skilled labor in ICT areas hence, the need for the Minister to share his expertise and ideas that would be of good direction to the Federal Government ”, the Director stated.

Sook Hyun stated that KOICA’s visit to the Ministry of Communications was aimed at introducing the agency’s upcoming project (phase 2) being worked towards year 2020 and beyond, following the conclusion of the introductory (first phase) which would be concluded by 2019.

In his contribution, Headquarter Coordinator, An Kwangsoo, said KOICA as an agency was set to move from the introductory part of its partnership project which was focused on e-government capacity building, scholarship for masters and PHD Degrees in Korean Universities for Nigerians to a bigger phase in order to assist Nigeria in achieving the implementation of her e-government master plan.

In his remarks, the Minister of Communications, Dr. Adebayo Shittu thanked KOICA on behalf of the Federal Government, for generously investing so much towards the development of Nigeria, particularly in areas of e-government and capacity building.

The Minister said that, Federal Government cannot take KOICA’s selfless cooperation for granted and urged them to sustain the smooth relationship that is being enjoyed by both parties in service to humanity.

He urged the Agency to meet with the Ministry’s e-government department to work together for a very beneficial launch of the 2nd phase of broader partnership between the federal government and the Republic of Korea via KOICA.

In the new phase, Shittu urged the Agency to make conscientious efforts to ensure at least 100,000 civil servants are trained annually, to improve Nigeria’s system of operations to be more effective and efficient.

He also appealed to them to collaborate with the Nigerian Universities by sending technology gurus from the Korean universities to impart technological ideas and knowledge to students in Nigeria who shall in turn train others.


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EFCC Recovers Funds, Arrests Suspects in N1.3 Trillion CBEX Crypto Fraud

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Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission has revealed that the agency has recovered some money from the digital investment platform Crypto Bridge Exchange trading platform that crashed last month leaving many investors weeping and counting their losses.

In an interview with TVC on Sunday, May 25, Olukoyede also disclosed that the EFCC has made arrests in connection with the CBEX fraud. He added that the EFCC has made significant progress in its investigation into the crypto scheme that scammed many Nigerians.

“We have gone far with CBEX. We have been able to recover a reasonable amount of money”he said

Olukoyede explained further that although the stolen money was in cryptocurrency, the EFCC has managed to trace and recover part of it. He however mentioned that converting the funds back to dollars in cash was not easy because it required going through similar crypto processes.

“Even though in the crypto wallet, the same way the money was taken from them. There is no way you will get them in dollars. There is no way you get the dollars in cash without necessarily going through the same process.”he said

The EFCC boss added that some suspects have already been arrested, noting that the agency is still pursuing others who are on the run.

“We have gone far. We have made a reasonable arrest. We are not going to give out much because we don’t want the process to be disrupted. We are still after quite a number of people we have declared wanted,” he said.

He, however, said the investigation has been challenging because the fraudsters used “non-custodial wallets,” which means there was no identity attached to the accounts, making it harder to trace the criminals.

“We are still investigating a lot of wallets and the wallets they created are called noncustodian wallets; in other words, no KYC. So, you can’t trace it to anybody.

So, from the noncustodial wallet, they moved it to some wallets in Europe, Eastern Europe, particularly Cambodia and from there, they dispersed the money. We have been able to block some of these wallets where money has not been dispersed.

That is to the extent that we have gone. I even learnt that there are still some of these perpetrators and Nigerians are still falling victim. I believe people should learn from this” he said.

In April, CBEX collapsed, leaving investors with reported losses of over N1.3 trillion.

The platform became inaccessible after users faced repeated withdrawal issues, which were soon followed by the sudden disappearance of their account balances.

The incident, however, triggered widespread reactions, especially on social media, where users have voiced their anger, concerns, and disappointment.

Despite this, CBEX resumed operations, announcing fresh withdrawal options in a move to restore investor confidence.


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Toll Collection on Lagos-Calabar Highway Begins December

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Senator David Umahi, the Minister of Works, has announced that a section of the Lagos-Calabar Coastal Highway will be tolled starting in December.

Umahi disclosed this during an interview for a forthcoming State House documentary marking the second anniversary of President Bola Tinubu’s administration.

He said: “By December, we will toll Section 1 of the Lagos-Calabar coastal highway. We project a 10-year return on investment.

“The road has solar-powered lighting and CCTV infrastructure, and offers carbon credit advantages.

“It is more than a road; it is an economic corridor and a catalyst for regional growth.”

According to the minister, 30 kilometres of Section 1 have already been completed, with an additional 10 kilometres in Section 2 nearing delivery. Both segments feature six-lane concrete-paved carriageways, designed to meet modern standards for safety and durability.

Umahi further revealed that construction had commenced on Sections 3 and 3B of the highway, spanning a total of 65 kilometres, covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom.

He described the positive response from local communities as a clear indication of the project’s wide-reaching socioeconomic benefits.

“Just days ago, we flagged off Sections 3 and 3B—65 kilometres in total, covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom. The host communities’ excitement speaks to these projects’ transformative impact,” he said.

Umahi also highlighted the administration’s renewed focus on the Sokoto-Badagry superhighway, which he noted was part of a broader vision dating back to colonial-era trade plans.

“The Trans-Saharan trade route dates back to colonial-era planning. President Tinubu is now bringing these long-abandoned visions to life,” the minister explained.


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Kaspersky Uncovers Dero Crypto Miner Spreading via Exposed Container Environments

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Kaspersky Security Services experts have identified a sophisticated cyberattack campaign targeting containerized environments to deploy a miner for the Dero cryptocurrency.

The attackers abuse exposed Docker APIs — parts of Docker, an open-source container development platform. In 2025, there are a significant number of Docker API default ports that are insecurely published, accounting for almost 500 occurrences worldwide on average each month.

In the discovered campaign, cybercriminals inject two types of malwares into the compromised systems: one is the miner itself and the other is a propagation malware that can spread the campaign to other insecure container networks.

Kaspersky experts discovered this malicious campaign as part of a compromise assessment project. According to expert estimates, any organisation that operates containerized infrastructure — while exposing Docker APIs without robust security controls — can be a potential target. These may include technology companies, software development firms, hosting providers, cloud service providers and more enterprises.

According to Shodan, in 2025, there are 485 published Docker API default ports¹ worldwide each month on average. This figure illustrates the campaign’s potential attack surface by tallying the “entry points” — or insecurely exposed ports that attackers might target.

Once attackers identify an insecurely published Docker API, they either compromise existing containers or create new malicious ones based on a legitimate standard Ubuntu image. They then inject two malware types into the compromised containers: “nginx” and “cloud”.

The latter is a Dero cryptocurrency miner, while “nginx” is a malicious software that maintains persistence, ensures execution of the miner and scans for other exposed environments. This malware allows attackers to operate without traditional Command-and-Control (C2) servers; instead, each infected container independently scans the Internet and can spread the miner to new targets.

“The campaign has the potential for exponential growth of infections, with each compromised container acting as a new source of attack, if security measures are not immediately put in place in the potentially targeted networks,” explains Amged Wageh, an incident response and a compromise assessment expert at Kaspersky Security Services.

“Сontainers are foundational to software development, deployment, and scalability. Their widespread use across cloud-native environments, DevOps, and microservices architectures makes them an attractive target for cyber attackers. This growing reliance demands organisations adopt a 360-degree approach to security — combining robust security solutions with proactive threat hunting and regular compromise assessments”.

The attackers embedded the names “nginx” and “cloud” directly in the binary — an inflexible executable file composed of instructions and data for the processor, not for humans. This is a classic masquerading tactic that lets the payload pose as a legitimate tool, trying to deceive both analysts and automated defenses.


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