News
Prolonged Battle against Cybercrime

Cybercrime is an image nightmare for Nigeria. Cybercrime is any illegal activity that uses a computer as its primary means and also includes any illegal activity that uses a computer for the storage of evidence.
Cybercrimes include crimes that have been made possible by computers, such as network intrusions and the dissemination of computer viruses, as well as computer-based variations of existing crimes, such as identity theft, stalking, bullying and terrorism.
But in Nigeria, the most common ones are: identity theft, desktop counterfeiting, cyber harassment and fraudulent electronic mails.
There are also Automated Teller Machine spoofing, pornography, piracy, hacking, phishing and spamming all conspiring to the notoriety of Nigeria as sanctuary for internet fraudsters.
The exceptional outbreak of cybercrimes in Nigeria is alarming, and the impact on the country’s socio-economy is damning.
That is why, the recently passed cybercrime bill by the Senate, which is now awaiting presidential endorsement is a welcome development.
It is victory of 10 years of efforts for a framework to safeguard the nation’s presence in cyberspace while ensuring protection of critical national information infrastructure.
The cybercrime bill, which was sponsored by Senator Adegbenga Kaka, representing Ogun East Senatorial Zone, among other things, stipulates a seven-year jail term for all kinds of computer-related frauds, computer-related forgery, offences relating to pornography, cyber-stalking and cyber-squatting.
The seven-year jail term was contained in a bill for an Act to provide for the prohibition, prevention, detection, response, investigation and prosecution of cybercrimes and for other related matters 2014.
The bill also seeks to punish interception of data, system interference and misuse of devices, and to promote cyber security, protection of computer systems and networks, electronic communications, data and computer programmes, intellectual property and privacy rights.
Also, anyone found guilty of possessing a manipulative device, unauthorised ATM card, damaging a computer with the intention to defraud, trafficking in any password to defraud customers or financial institutions would be sentenced to seven years imprisonment or a N7 million fine.
When the bill is signed into law, government must create lines of duty to avoid supremacy disagreements among law enforcement, intelligence and security agencies.
Also knowledgeable and committed champions who must stay ahead of criminals should be put in charge of cybercrime administration.
For the law succeed, there is also need for the enactment of substantive laws to criminalize malevolent activities on the internet; capacity building; cooperation between actors (Private or Public); establishment of Institutional framework for coordinating cybersecurity efforts; enactment of related Bills to strengthen the cybersecurity framework.
News
Aliko Dangote Signs out @ Dangote Sugar Refinery as Chairman

In a major leadership transition, Dangote Sugar Refinery Plc (DSR) has announced the retirement of Aliko Dangote, its founder and chairman, from the Board, effective June 16, 2025.

Aliko Dangote
The announcement was made in a regulatory filing with the Nigerian Exchange Ltd on June 11, highlighting the company’s commitment to sound corporate governance and structured succession planning.
In a statement signed by Mrs. Temitope Hassan (FCIS), company secretary and legal adviser, the Board praised Dangote’s extraordinary leadership and lasting contributions to the company.
“Alhaji Aliko Dangote is one of the founding Directors of the Company and has served with exceptional leadership, integrity, and vision since 2005,” the statement read.
“Under his stewardship, Dangote Sugar Refinery transformed significantly, navigated industry changes, consistently delivered value to shareholders, and upheld strong governance principles.”
Widely regarded as Africa’s most influential industrialist, Dangote led DSR’s evolution into a dominant player in Nigeria’s sugar value chain.
His strategic initiatives, particularly the Backward Integration Projects (BIPs) across Adamawa, Taraba, and Nasarawa States, advanced the company’s self-sufficiency goals and aligned with the federal government’s national sugar master plan.
While stepping down from DSR, Dangote will continue as President of Dangote Industries Limited.
His legacy at DSR is marked by industrial innovation, strategic foresight, and sustained operational excellence.
To ensure a seamless transition, the Board has appointed Mr. Arnold Ekpe, a seasoned independent non-executive director, as the new chairman, effective June 16.
Ekpe is renowned for his tenure as Group CEO of Ecobank Transnational Incorporated, where he championed pan-African financial inclusion and institutional growth.
His extensive experience in banking and corporate governance is expected to strengthen DSR’s next phase of development.
The leadership change signals continuity of vision, with DSR reaffirming its focus on operational efficiency and long-term value creation in a dynamic market.
For shareholders and industry observers, Dangote’s exit from the Board marks the end of a transformational era—one defined by bold ambition and strategic execution—while opening a new chapter under Ekpe’s leadership.
News
Report Reveals New Malware Posing as an AI Assistant Steals User Data

Kaspersky Global Research & Analysis Team researchers have discovered a new malicious campaign which is distributing a Trojan through a fake DeepSeek-R1 Large Language Model (LLM) app for PCs.
The previously unknown malware is delivered via a phishing site pretending to be the official DeepSeek homepage that is promoted via Google Ads.
The goal of the attacks is to install BrowserVenom, a malware that configures web browsers on the victim’s device to channel web traffic through the attackers servers, thus allowing to collect user data – credentials and other sensitive information. Multiple infections have been detected in Brazil, Cuba, Mexico, India, Nepal, South Africa and Egypt.
DeepSeek-R1 is one of the most popular LLMs right now, and Kaspersky has previously reported attacks with malware mimicking it to attract victims. DeepSeek can also be run offline on PCs using tools like Ollama or LM Studio, and attackers used this in their campaign.
Users were directed to a phishing site mimicking the address of the original DeepSeek platform via Google Ads, with the link showing up in the ad when a user searched for “deepseek r1”.
Once the user reached the fake DeepSeek site, a check was performed to identify the victim’s operating system. If it was Windows, the user was presented with a button to download the tools for working with the LLM offline. Other operating systems were not targeted at the time of research.
After clicking on the button and passing the CAPTCHA test, a malicious installer file was downloaded and the user was presented with options to download and install Ollama or LM Studio.
If either option was chosen, along with legitimate Ollama or LM Studio installers, malware got installed in the system bypassing Windows Defender’s protection with a special algorithm.
This procedure also required administrator privileges for the user profile on Windows; if the user profile on Windows did not have these privileges, the infection would not take place.
After the malware was installed, it configured all web browsers in the system to forcefully use a proxy controlled by the attackers, enabling them to spy on sensitive browsing data and monitor the victim’s browsing activity.
Because of its enforcing nature and malicious intent, Kaspersky researchers have dubbed this malware BrowserVenom.
“While running large language models offline offers privacy benefits and reduces reliance on cloud services, it can also come with substantial risks if proper precautions aren’t taken.
Cybercriminals are increasingly exploiting the popularity of open-source AI tools by distributing malicious packages and fake installers that can covertly install keyloggers, cryptominers, or infostealers.
These fake tools compromise a user’s sensitive data and pose a threat, particularly when users have downloaded them from unverified sources,” comments Lisandro Ubiedo, Security Researcher with Kaspersky’s Global Research & Analysis Team.
News
Court Declares Bank’s Withholding of Retirement Benefits Unlawful

National Industrial Court in Lagos has ruled that a deposit money bank must pay over N162 million in outstanding retirement benefits to a group of its former employees.
The judgment, delivered by Justice R.H. Gwandu, criticized the bank’s attempt to withhold entitlements from staff employed through third-party arrangements.
The claimants, represented by Chief Mike Ozekhome, SAN, argued that the bank violated labor laws by refusing to honor their retirement benefits. They sought declarations that the bank’s actions were unlawful and requested immediate payment of their dues.
Justice Gwandu ruled in favor of the employees, stating that the use of third-party employment to evade obligations was unacceptable.
The court acknowledged their long service and dismissed the bank’s argument that they did not meet the required 15 years of uninterrupted service.
Notably, the court upheld the rights of the 10th claimant, who continued working with the bank after its merger with Manny Bank and another commercial institution.
This landmark ruling reinforces workers’ rights and establishes that organizations cannot use outsourcing arrangements to deny employees their legitimate benefits.
- News3 days ago
CDCFIB Warns against Recruitment Racketeers
- General News20 hours ago
AfDB to Provide $184.1mfor Africa’s Largest Solar Energy, Battery Storage Project
- Telecom3 days ago
Meta, FMCIDE Unveil AI Accelerator to Drive Innovation in Nigeria
- News3 days ago
FG May Forfeits $4m from World Bank Loan over Audit Flop
- Telecom3 days ago
Nigeria Leads the Charge in Green Innovation @MTN’s Africa PachiPanda Challenge
- Broadcasting3 days ago
Afia TV and Radio Stamps Footprints in Lagos
- Telecom2 days ago
ngCERT Issues High Alert to Nigerians Using Android Phones
- E-Financial3 days ago
NDIC Begins Final Settlements to Creditors of Liquidated Premier Bank