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General News

Sule Lamido Joins Presidential Race, Unsettles Aso Rock, PDP

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Dr. Sule Lamido, Jigawa State governor
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Last-minute decision of Dr. Sule Lamido, Jigawa State governor, to challenge President Goodluck Jonathan in next year’s presidential election may have stirred some troubles in the Presidency, according to Vanguard Newspapers.

The two-term governor’s decision is said to have rattled President Jonathan and the party, which had long concluded that the race would be a straight fight between the president and others from the opposition parties.

According to the Vanguard,  given its internal permutations, the PDP believes that Jonathan would have a smooth sail to the election, as no other candidate would be able to challenge him and get victory at its planned national convention, which some see as a mere formality for the incumbent to be crowned.

The newspaper  gathered from very reliable Presidential sources that there is apprehension in the Presidency following the confirmation of Lamido’s plans.

Former President Olusegun Obasanjo is a friend and father figure to Lamido.

One of the sources said that the Presidency and the PDP had initially dismissed the rumoured ambition of the governor with the hope that it was mere speculation that would fizzle out with time.

A reliable source said that based on the information that Lamido had concluded plans to run for the presidency, Jonathan immediately summoned him to the Presidential Villa to clear the air on the issue.

One of the sources said that Jonathan was shell shocked when Lamido stormed the Villa recently and told the President openly that he was keen on running in the next polls.

“At that point, the President was shocked to hear from Lamido that his presidential ambition should not be seen as mere rumour, as he had made up his mind to run against him,” a presidential source said.

“The way Lamido spoke with the President showed that he was not ready to back down from the race and the way he spoke about the matter was a bit unsettling to Mr. President, who had all along regarded him as one of the governors, who could not move against him,” the source explained.

Lamido was said to have told the President that he had made up his mind to contest against him in the next polls despite a deliberate attempt by forces opposed to his ambition to frame him and his children up.

The governor, it was learnt, told the President that he was upset by the frequent embarrassment of his children by some agencies of government over allegations that one of them passed through an airport without declaring $40,000 in his possession.

He is said to have also drawn the president’s attention to the fact that there was a deliberate attempt by government agencies to tarnish his family’s image all in a bid to make him drop his presidential ambition but that he was not ready to back out of the race.

The action of the governor is said to have angered the Presidency, which promptly reported him to the National leadership of the PDP and asked it to call him to order.

It was learnt that Lamido was emboldened to go for the top job by some of his governor friends and  prominent Nigerian leaders, who are uncomfortable with the way things are going in the land.

Almost at the same time early in the month, documents began to fly about that Lamido received gratification of N1.3 billion from two contractors, who had completed two projects valued at N13 billion.

Although an EFCC agent admitted last night that the agency had been investigating the Lamido family for a long time, he denied that the information on the N1.3 billion bribe allegation was instigated by the Presidency.

“Let me tell you that since we arrested Lamido’s son at the airport over non-declaration of $40,000, our operatives have been investigating the family’s account and it is not at the instance of the Presidency as some people are alleging,” the EFCC official said.

But confronted yesterday to confirm or deny his rumoured ambition, Lamido declined to make a categorical statement on the matter.

The governor however foreclosed the possibility of going to the Senate as is the practice of most of his outgoing colleagues.

According to him, the atmosphere for him to become president is not yet there, adding that it is better for him to seek a higher office than to go the legislature to make laws after implementing laws passed by others for eight years.


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General News

Cybervergent Selected as World Economic Forum’s 2025 Technology Pioneer Company

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In affirmation of its global standing, Cybervergent, a Pan-African technology company that leverages artificial intelligence to transform how organisations manage risk, governance, privacy, and cybersecurity, has been selected as one of the World Economic Forum’s (WEF) Technology Pioneers for 2025—a global cohort spotlighting companies transforming industries through breakthrough technologies and responsible innovation.

The WEF, an international organisation committed to improving the state of the world through public-private collaboration, brings together global leaders to shape economic, technological, and societal agendas. Cybervergent now joins this global community.

The company is recognized for its innovative approach to building digital trust, reimagining how organisations manage cybersecurity, risk, privacy and governance.

Commenting on the company’s milestone, Adetokunbo Omotosho, CEO of Cybervergent, said, “I am honoured that Cybervergent has been named a Technology Pioneer by the World Economic Forum. This is more than an accolade — it’s a validation of our commitment to redefining cybersecurity, privacy, and risk management to build true digital trust.

“What makes this recognition even more meaningful is the fact that Cybervergent demonstrates innovation in AI and infrastructure can emerge from any region, challenging conventional perceptions.”

Some past recipients of the Technology Pioneer recognition, including Google, Spotify, and Airbnb have gone on to fundamentally reshape global industries.

As a member of the 2025 Technology Pioneers community, Cybervergent will be contributing to discussions shaping cybersecurity, AI, and cyber resilience across industries and the global digital economy.


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Moove Plans to Raise $1.2Bn Debt Round for US Autonomous Vehicle Expansion

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Moove, an African mobility fintech startup, is on a quest to secure a $1.2 billion debt financing round to support the rollout of a fleet of autonomous vehicles.

This is in partnership with Alphabet Inc.’s Waymo in the United States, according to a Bloomberg report citing sources familiar with the matter.

The startup has since attracted backing, including from Uber Technologies Inc., and entered a strategic partnership with Waymo in December 2024 to provide financing for self-driving cars.

Ladi Delano, co-founder of Moove, noted that the company has a solid financial track record.

“Moove has built strong relationships with some of the world’s leading lenders. We have also fully repaid our first-ever debt facilities, which signals our maturity and marks a key milestone that demonstrates the strength of our platform as we enter the next phase of global autonomous-vehicle infrastructure deployment,” he said.

The round is reportedly oversubscribed, with strong participation from private credit firms and banks.

Waymo has also not made any official statement regarding the funding round. While final details are expected to be concluded in the coming weeks, the deal will mark a significant milestone for the firm as it ramps up its global ambitions.

Founded in 2020 by Nigerian entrepreneurs, Ladi Delano and Jide Odunsi, Moove began by providing vehicle financing for ride-hailing drivers in Africa’s largest cities.

 


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Firm Explores the Evolution of AI-powered Ransomware with Password-gated Capabilities

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Kaspersky experts have revealed the inner workings of FunkSec — a ransomware group that illustrates the future of mass cybercrime: AI-powered, multifunctional, highly adaptive and operating on volume with ransoms as low as $10,000 to maximise profits.

Kaspersky’s Global Research and Analysis Team (GReAT) constantly monitors the ransomware threat landscape, where attacks continue to rise. According to the company’s latest State of Ransomware report, the share of users affected by ransomware attacks worldwide increased to 0.44% from 2023 to 2024, up by 0.02 percentage points.

While this percentage may appear modest compared to other cyber threats, it reflects the fact that attackers typically prioritise high-value targets rather than mass distribution, making each incident potentially devastating. Within this evolving landscape, FunkSec has emerged as a particularly concerning threat.

Active for less than a year since its emergence in late 2024, FunkSec has quickly surpassed many established actors by targeting government, technology, finance and education sectors. What sets FunkSec apart is its sophisticated technical architecture and AI-assisted development.

The group packages full-scale encryption and aggressive data exfiltration into a single Rust-based executable, capable of disabling over 50 processes on victim machines and equipped with self-cleanup features to evade defenses.

Beyond its core ransomware functionality, FunkSec has expanded its toolkit to include a password generator and a basic DDoS tool — both showing clear signs of code synthesis using large language models (LLMs).

FunkSec’s approach reflects the evolving landscape of mass cybercrime, combining advanced tools and tactics. Kaspersky’s GReAT experts highlight the key features that define their operations:

Password-Controlled functionality

GReAT experts discovered that FunkSec ransomware features a unique password-based mechanism that controls its operation modes. Without a password, the malware performs basic file encryption, while providing a password activates a more aggressive data exfiltration process in addition to encryption to steal sensitive data.

FunkSec packs full-scale encryption, local exfiltration and self-cleanup into a single Rust binary—without a side-loader or a companion script. That level of consolidation is uncommon and gives affiliates a plug-and-play tool they can deploy almost anywhere.

Use of AI in development

Code analysis shows that FunkSec is actively using generative artificial intelligence to create its tools. Many parts of the code seem to be automatically generated rather than manually written. Signs of this generic placeholder comments (such as “placeholder for actual check”) and technical inconsistencies, like commands for different operating systems that don’t align properly. Additionally, the presence of declared but unused functions—such as modules included upfront but never utilised — reflects how large language models combine multiple code snippets without pruning redundant elements.

“More and more, we see cybercriminals leveraging AI to develop malicious tools. Generative AI lowers barriers and accelerates malware creation, enabling cybercriminals to adapt their tactics faster.

By reducing the entry threshold, AI allows even less experienced attackers to quickly develop sophisticated malware at scale,” comments Marc Rivero, Lead Security Researcher at Kaspersky’s GReAT.

High-volume, low-ransom strategy

FunkSec demands unusually low ransom payments, sometimes as little as $10,000, and pairs this with the sale of stolen data at discounted prices to third parties. This strategy appears designed to enable a high volume of attacks, helping the group quickly establish its reputation within the cybercriminal underground. Unlike traditional ransomware groups that seek million-dollar ransoms, FunkSec employs a high-frequency, low-cost model — further underscoring its use of AI to streamline and scale operations.

Expands beyond ransomware

FunkSec has expanded its capabilities beyond the ransomware binary. Its dark leak site (DLS) hosts additional tools, including a Python-based password generator designed to support brute-force and password-spraying attacks, as well as a basic DDoS tool.

Advanced evasion

FunkSec employs advanced evasion techniques to avoid detection and complicate forensic analysis. The ransomware is capable of stopping over 50 processes and services to ensure thorough encryption of targeted files. Additionally, it includes a fallback mechanism to execute certain commands even if the user launching FunkSec lacks sufficient privileges.

 


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