WE CAN COLLECTIVELY COMBAT CYBERCRIME IN OUR COUNTRY SAYS INUWA
As part of efforts towards the transformative journey of strengthening National Security with total commitment to robust cybersecurity measures and digital trust, the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa CCIE has urged the public and private sectors to invest more in the training of cybersecurity professionals, citing that the benefits of securing organisations and processes, far outweighs the cyber-attacks.
As part of efforts towards the transformative journey of strengthening National Security with total commitment to robust cybersecurity measures and digital trust, the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa CCIE has urged the public and private sectors to invest more in the training of cybersecurity professionals, citing that the benefits of securing organisations and processes, far outweighs the cyber-attacks.
The DG made this plea as a Guest Speaker while presenting a paper titled “Alternative to Cybercrime” at the National Cybercrimes Summit 2024, organised by the Economic and Financial Crimes Commission at the Banquet Hall of the Presidential Villa.
The summit, with the theme; Alternate to Cybercrime: Optimising Cyber Skills for National Development,” is a platform that brought together captains of industries, heads of security agencies, traditional and religious leaders to share ideas, expertise and experiences with a focus on enhancing digital skills as strategy to combat cybercrime.
Inuwa emphasised the urgent need to address the growing menace of cybercrime in Nigeria, while proposing alternative paths for Nigeria’s youth and strategies to fortify national cyber resilience.
He detailed the complexities of cybercrime, noting that it is no longer restricted to laptops and desktops but extends to mobile devices, smart TVs, cars, and more, as everything becomes interconnected through technology. Inuwa outlined five major categories of cybercrime identified by research which are; technical products or services attacks, attacks and extortion, data or identity theft, Scam and Cashing Out or Money Laundering and stated that the financial sector remains the most vulnerable in Africa, with over 3,300 cyber-attacks reported weekly.
While stressing that cybercrime is a global issue that affects every facet of the digital economy, particularly in Nigeria, he said “We are confronted with an urgent reality, Nigeria, a nation with a rich culture, talent and limitless potential is unfortunately grappling with the global menace of cybercrime but today, we are going to look at alternatives to cybercrime.”
Enumerating the underlying factors that trigger cybercrimes such as unemployment, financial incentives and lack of awareness of the legal and moral implications, Inuwa called for a more holistic approach to combating cybercrime, not only through law enforcement but also by offering viable alternatives to those tempted by illegal online activities.
“We need to look at alternatives to cybercrime and the government must focus on digital literacy, skills development, and job creation to steer young Nigerians away from cybercriminality,” he averred.
Inuwa reiterated the importance of providing positive alternatives for Nigerian youth and stressed the potential of the digital economy to create millions of jobs and contribute significantly to Nigeria’s GDP.
The highlight of the event witnessed the first lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu, unveiling and launching the EFCC Rapid Response Centre, a response desk against cybercrime that can be accessed at any time of the day.
Other dignitaries present at the event were the Chairman of the Nigeria Governor’s Forum and Kwara State Governor, AbdulRahman AbdulRazaq, the Katsina State Governor, Dikko Umar Radda, Zamfara State Governor, Dauda Lawal, Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar, Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, the Ooni of Ile Ife who was represented by the Alara of Ilara, Oba Olufolarin Olukayode Ogunsanwo, the President, Christian Association of Nigeria, Dr Daniel Okoh and many others.
Access Bank Appoints Uche Orji as Independent Non-Executive Director
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).
orji
This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.
Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.
He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.
Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.
He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.
Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:
“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.
We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.
His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.
On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”
Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.
The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.
Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.
Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.
According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.
Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.
Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.
She further encouraged them to apply for the loans initiated by the government as done by students in other countries.
The Speaker requested the students to formally send their complaints in written forms to the House for action.
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.
He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.
Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”
The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.
Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”
While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”
“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.