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Wednesday, July 20, 2016

$22trn e-commerce opportunities beckon on 138 developing countries

There is a $22 trillion electronic commerce (e-Commerce) opportunities for over 138 developing countries including Nigeria, reports ITRealms.

The United Nations Conference on Trade and Development (UNCTAD) made this disclosure Monday at the launch of a new e-commerce initiative ahead of UNCTAD 14, according to its Secretary-General, Mukhisa Kituyi.

“A huge divide is opening between countries that are exploiting those opportunities and those that are not,” Kituyi said.

As said by UNCTAD, developing countries should grasp the rapidly growing opportunity of electronic commerce – e-commerce – worth around $22.1 trillion in 2015, up 38 per cent from 2013, or risk falling quickly behind.

The new initiative, called “eTrade for All”, brings international organizations, donors and businesses under one umbrella, easing developing country access to cutting-edge technical assistance and giving donors more options for funding.

By providing new opportunities and new markets, online commerce, UNCTAD said, could help generate economic opportunities, including jobs. But while more than 70 per cent of people are shopping online in Denmark, Luxembourg and the United Kingdom, the story is different in most developing countries. In Bangladesh, Ghana and Indonesia, for example, just 2 per cent or less of the population buy online.

E-commerce, Kituyi said, includes both business-to-business (B2B) and business-to-consumer (B2C), respectively valued at around $19.9 trillion and $2.2 trillion each, according to the new UNCTAD data. This trade is mostly domestic, but is becoming more and more international.


The new UNCTAD data show that e-commerce is growing rapidly, with emerging economies accounting for most of this growth. China is now the world’s largest B2C e-commerce market, both in terms of sales and in number of online shoppers. Brazil, India, the Republic of Korea and the Russian Federation have also all moved into the top 10 e-commerce markets.

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Nigeria loses N127bn annually to cybercrime – Shittu


 
The Minister of Communications, Barr. Adebayo Shittu has said that Nigeria loses an estimated N127 billion, which amounts to 0.08 per cent of the country’s Gross Domestic Products (GDP) yearly, to cybercrime, reports ITRealms.

He made this disclosure in an address to the 26th national conference of the Nigeria Computer Society (NCS) which opened Tuesday on the theme: Information Technology for National Safety and Security at the NAF Conference Centre, Abuja.

Shittu also said that for them in the ministry, national safety and security further encompasses securing the nation’s cyber space, noting that growing dependence on digital infrastructure introduces and poses grave threats to national security.

According to him, more Nigerians now have access to the Internet, hence citizens nowadays use the enormous opportunities this digital infrastructure brings to work, transact business, campaign, communicate, learn, interact and relax.

“Today, banking, commercial and other critical services are being provided online,” he declare, stressing that evidence however, abounds of growing electronic fraud and threats to digital databases both private and government.

He pointed out that in view of the critical nature of the economy and government activities, it is obvious that protection from different types of cyber and terrorist attacks is required.

“Software piracy, identity theft, electronic fraud, online spam, intellectual property theft and malware attacks can all lead to devastating and far reaching consequences,” he noted.
Additionally, Shittu said that the activities of hackers and cyber bandits are known to aid radicalisation and violent extremism, especially among the youth.

In order to address emerging cyber threats, he said, the Federal Government has set up computer emergency response teams through the Office of the National Security Adviser (NSA) and National Information Technology Development Agency (NITDA).

And to further improve the nation’s cyberspace, Shittu said FG recently inaugurated the Cybercrime Advisory Council, underlining that the council is expected to facilitate the implementation of the Cybercrime Act, 2015, as well as the National Cybersecurity Policy and Strategy.

Earlier in his welcome address, NCS president, Prof. Adesola Aderounmu, said that the protection of life and property is the major function and responsibility of any government, stressing that globally, no nation is excluded from the challenges of insecurity.


He also said that a more proactive Information Technology (IT)-led approach to combating this menace is needed in a country like Nigeria.

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Pix 1: Shittu speaking at NCS Confab 2016 and with members of the NCS and past-president and exco.

Tuesday, July 19, 2016

ANEC 2016 goes to Rivers State with agriculture, i...

 ANEC 2016 goes to Rivers State with agriculture, i...: NaijaAgroNet : The 12 th edition of the All Nigeria Editors Conference (ANEC) is headed to oil-rich Rivers State with top on the agend... ... Linking agrobiz, sustainable environs, people & technology

Monday, July 18, 2016

Ogunsanya is Telecoms CEO of the Year

….As Airtel wins Customer Service Operator of the Year
The Chief Executive Officer and Managing Director of Airtel Nigeria, Mr. Segun Ogunsanya, has been named the Telecoms CEO of the Year, reports ITRealms.

The organizers of award, Nigeria Telecoms Awards said Mr. Ogunsanya was honoured, at the weekend, at a colourful ceremony that attracted several dignitaries including the Minister of Communications, Barr. Adebayo Shittu; the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta and the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi to name a few.

The event, which held at the MUSON Centre in Onikan, Lagos, saw Airtel coasting home as the best Customer Service Operator of the Year.

Ogunsanya was named Telecoms CEO of the Year in recognition of his outstanding contributions to the development of the sector while Airtel was adjudged the Customer Service Operator of the Year for its consistency in its quest to providing exceptional service experience to telecoms consumers.

The Minister of Communications, Barrister Shittu presented the Telecoms CEO of the Year award to the Airtel CEO while the Acting DG, National Information Technology Development Agency (NITDA), Dr. Vincent Olatunji handed out the Customer Service Operator of the Year Award to Ogunsanya.

Ogunsanya is an Engineer and a Chartered Accountant by profession with over 26 years’ experience garnered across multiple geographies, organizations and diverse sectors such as telecoms, consulting, Banking and Fast Moving Consumer Goods (FMCG).

He joined Airtel Nigeria in 2012 and has re-positioned the company to become profitable and the 2nd largest telecommunications company by revenue, serving over 30 million customers.

ITRealms recalls that in February 2016, he was elevated and appointed Chief Executive Officer and Managing Director for Airtel’s operations in Nigeria and Ghana, with responsibility for accelerated growth and overall profitability across the two West Africa cluster countries.

Mr. Ogunsanya joined Airtel from The Coca-Cola Company, where he started his career in Finance and gradually transitioned into senior leadership roles with the various bottling operations of The Coca-Cola Company across diverse markets and countries in Africa. In his last stint as the Managing Director and CEO of Coca-Cola Hellenic Bottling Company in Nigeria, the first African to be appointed, he was responsible for over $1bn revenue operations annually.

He was also the CEO of the Kenya operations for Coca-Cola Sabco, where he was instrumental in successfully turning around the business. Prior to this, he worked with Ecobank Transnational where, as the Managing Director of Retail Banking for Africa, he was responsible for the operations across 28 countries.

Apart from manufacturing and banking, Mr. Ogunsanya has consulting experience having worked with Arthur Anderson & Co in Nigeria where he was involved in Audit, Tax Advisory, setting up new businesses and profit improvement services.


The Nigeria Telecoms Awards is rated by telecoms pundits as one of Nigeria's most prestigious Telecom performance evaluation ceremonies.

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e-Nigeria 2016: NITDA sets up LOC

The National Information Technology Development Agency (NITDA) has set up the Local Organising Committee (LOC) for the 9th eNigeria Conference and Expo, the flagship ICT event under the auspice of the Federal Republic of Nigeria organised by the agency, reports ITRealms.

The acting Director General of the NITDA, Dr. Vincent Olatunji, said  the event has gone full circle to become the clearinghouse for adopting relevant ideas and innovation for defining and accelerating national economic growth.

“It is in this line that this year’s theme is ‘Leveraging on IT Innovation for Economic Diversification’ to identify with the current goals of the Nigerian government to diversify the economy; cope with the rapid dwindling revenues from the oil sector; and create a new vista of revenue directly through ICT or by using ICT to aid other non-oil sectors,” said Dr Olatunji who was represented by the deputy director of Corporate Strategy and Research, Mr. Mohammad Idris Yelwa.

Head, Corporate Affairs, NITDA, Mrs. Hadiza Umar, in a press statement available to ITRealms, said that the eNigeria 2016 is scheduled for 22nd -24th November, 2016 at the International Conference Centre (ICC), Abuja. It is expected to attract key players of the Nigerian innovation ecosystem and foreign stakeholders together to share experiences, identify challenges and propose strategies for using ICT-enabled innovation and entrepreneurship to diversify the economy and create jobs.

She also highlighted one of the eNigeria 2016 is the section on Startups and Innovation to underscore NITDA’s new work-thrust to promote Nigeria’s startup innovation ecosystem across all the country’s zones and also attract potential investors into this vital growth segment of the global ICT economy.

“We are inviting innovation efforts from within Africa to come peer with local innovation efforts and also inviting global stakeholders, particularly angel investors and promoters of innovator hubs to be part of the 2016 eNigeria as we in NITDA firm up to promote the national agenda on economic diversification,” Dr. Olatunji was quoted as saying while tasking LOC members to ensure a successful event.

eNigeria, Olatunji said, has become a flagship conference and expo and this year, the NITDA plans to have global and local players with strong startup-pull such as Uber, Facebook, Jumia, Konga and the likes to join the league of participants at the event.

NITDA will also be leveraging on its local and international collaborations such as its partnership with the Dubai World Trade Centre (DWTC) organizers of Gitex Technology Week to thicken the quality of participation at eNigeria, said Olatunji.


The LOC has sub-committees that include Paper presentation, exhibition and fundraising, media and publicity, and startups, among others to help effective preparation for the event. The membership of the LOC is drawn from various bodies, including the Nigeria Computer Society, representatives of relevant government ministries, departments and agencies, the media, interest groups and other stakeholders.

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Buhari’s endorsers and state of the nation

The fog of the 2015 general election is finally clearing up; the falsehoods sold to the people as change are unravelling at dizzying speeds. Even some vociferous supporters of President Muhammadu Buhari are deserting him in droves. Those who have not openly expressed some apprehension about the path the “messiah” has chosen to lead the country are grumbling and sniveling. However, a few diehards are still clinging to a tiny strand of hope that a miracle just might happen and things would change for the better under his government.
Well, it is going to get old saying I told you so. I can bet my bottom naira that nothing is going to change, at least not from what we have seen so far. As I have repeatedly stated in this column, change cannot come from a man who has not changed one bit, nor shown the slightest inclination to change contrary to the tales that were peddled on the campaign train. That will only happen when it’s proved that a leopard can now change its spots, or a tiger can change its stripes. His recent actions are a further proof of his ironclad narrow-minded, and ethnically inclined nature.
Those who collectively misled the people that Buhari had changed but are now singing a different tune must be held to account. We were bombarded with all sorts of virtuous and exemplary conducts of his past, and told his ethno-religious tendencies were “contrived” to undermine him. We were assured that Buhari would heal this land and restore hope to a fractured people. That has not happened; instead he has more than any president in the history of Nigeria consciously exacerbated the ethnic and religious divisions of the country by his actions and total display of insensitivity by his appointments.
They told us that he was the expected one – the long-awaited messiah who would bring back the glory of the fatherland and restore the pride of a people that were terribly famished. That wishful thinking has now clearly exploded in the faces of the proponents who spent their precious naira burnishing his image with cosmetics, as the candidate played along to the excitement of many.
In the last one year, the Nigerian economy has practically collapsed under the great “fixer”; the business environment has been scorched to the ground. Hunger and starvation have become daily companions of many people such that parents now exchange children for food. The change agents told Nigerians the ominous sounds of the prospect of a Buhari presidency that rang out so loudly during the electioneering were in fact drumbeats of exhilaration, hope and renewal.
Today, Nigeria stands challenged in all spheres, rudderless and floundering like never before. And of course we have so many astonishingly ridiculous and perverse people making silly excuses for the man who clearly has no business being at the helm of affairs of this country. Now it seems so obvious that Buhari and his party were very good at making promises but only excel spectacularly at making excuses for not fulfilling them.
The clamour for change can be categorised into four broad subheads, viz., the genuine change-seekers, the willfully blinded, those that lost out in the power struggle and had become spiteful, and the extremely partisan and sneaky activists who now even look the other way as the rule of law is mocked and torn to shreds.
It is true that many people yearned for a more fundamental change and desired it desperately; indeed, they still do. They constituted the genuine but ignorant, naive, vulnerable and undiscerning majority. These genuine change-seekers however became easily susceptible to the illusions called “change” promised by the All Progressives Congress (APC) and its standard-bearer who walked about with padded feet, waving and smiling sweetly at everyone to frenzied applauses from enthusiastic crowds.
Secondly were those who chose to be willfully blinded to the danger signals that were so glaringly visible that then Candidate Muhammadu Buhari represents. Thirdly was the category who embraced change more out of spite and malice than conviction that Buhari’s presidency would bring the much-needed elixir and healing to this troubled country. Having lost out in the struggle for power and control, they wanted to get back at former President Goodluck Jonathan. And in a clear act of sheer desperation, progressive-minded people joined forces with ultra-conservatives in an unholy alliance to get power.
Lastly were members of the intellectual/activist class who staked their reputations built over many years to sway support for the general on the extremely naive and dishonest premise that Buhari had changed. By endorsing Buhari, they were endorsing a brand of populism rooted on a campaign of half-truths, “true lies”, ignorance, prejudice, sectional politics and outright deception driven by a motivation to mislead the people to achieve power. To this group, the end justified the means.
The intellectual/activist class is particularly guilty of the situation we find ourselves today. They vouched for Buhari with such vigour and gusto that left the discerning dumbfounded. Our own hero and Nobel laureate, Professor Wole Soyinka, stood shoulder above all others on this score. This was how he expressed his love for him: “It is however just as purblind to insist that he has not demonstrably striven to become what he most glaringly was not, to insist that he has not been chastened by intervening experience and – most critically – by a vastly transformed environment – both the localised and the global.” This to me was a pure fiction.
There is a saying in the land of my fathers that the hardest thing in life is vouching for someone, especially someone you barely know. When you do that, you are indirectly saying, ‘I’m putting my reputation on the line. I believe this person is a good person, with good character’, or has changed. This was what Nigerians were told. Soyinka and co. stood as referees for Buhari when he applied for the position of the president of Nigeria. They vouched for a changed Buhari and encouraged the public to employ him for the top job.
Will Soyinka honestly tell Nigerians whether this was the change he assured them would come from Buhari? Has Soyinka seen the lopsided appointments Buhari has been making across all strata of government? It is a chilling reminder of his past stint in office, particularly his tenure as the Chairman of the Petroleum Trust Fund (PTF); a past that was denied by his hysterical supporters in the run-up to the election.
Professor Pat Utomi was one of those who like our own dear Soyinka put his reputation on the line to reassure the people that Buhari “will restore hope” and lead Nigeria out of the woods during the high fever of electioneering.
You can imagine my profound shock and disbelief a few months ago when he launched a scalding attack on President Buhari and his government for the beyond-belief manner he was managing the national fault lines as well as his poor handling of the economy. This was what he was reported to have said: “The problem with Buhari’s administration is his medieval mindset. He excludes rather than includes. So, he does not get the best idea. He is insular. Because of their medieval mindset, they have created a country that is more divided than they met it. And that is a problem for leadership that is marching towards progress. His ideas go back 30 years and they are irrelevant to this world.
Open up your mind and listen to people and you can make progress. To lead is to serve. To lead, you must be knowledgeable. People don’t follow somebody who doesn’t know where he is going. Otherwise, you fall into a ditch.” After reading that statement, I could not but asked myself and anyone who cared to listen, did he just know this about Buhari? I’m baffled as to how I could have seen it all and more experienced people like Utomi didn’t.
As if Utomi’s about-face was not dramatic enough, read what Oby Ezekwesili of Bring Back Our Girls fame had to say about the administration: “Buhari’s economic policies are archaic and opaque, reminiscent of his first coming in the 80s. During that era, inflation spiralled. During that era, jobs were lost. During that era, the economic growth level dipped. That era wasn’t the best of eras in economic progress. “What did not work in 1984 cannot possibly be a solution in a global economy that’s much more integrated.”
She accused Buhari of rehashing the same “command and control” approach towards economic issues which has left the country’s economic indices worse off, adding: “We have lost the single digits inflation status we maintained in past administrations.”
The question we should all ask our bouncy campaigner is: did she just know this about Buhari? The truth is, she was one of those who consciously ignored the danger signals that were all so visible to everyone but which many chose to be willfully blinded to. The Chibok girls’ plight became a vote-catcher for then Candidate Buhari who repeatedly played it up and assured the nation it would top his list of priorities only to quickly relegate it to the footnote after gaining power. Where is Professor Charles Soludo? Is he still in this country? If yes, then he must be grumbling quietly by now about the state of the economy. That is, if his economic theories still make any sense. But why is he not talking? The change he helped foist on the people is mutating into a crippling police state.
The economy is in a perilous state – on the verge of a recession. Is he not aware? To the chagrin of investors recently, a “changed” Buhari lest we forget, talked down the CBN new forex policy moments after endorsing it, thereby making many potential investors to nervously wait and watch from the sidelines. Now, won’t Soludo tell Nigerians how much the country has lost through the mismanagement of the economy, lack of policy direction and lost investment opportunities under one year of Buhari — N10 trillion, N20 trillion, N30 trillion or more? It will be interesting to hear from him, that is, if he still has the courage of his conviction. It is a crying shame that a first-class economist of Soludo’s stature was one of those who just couldn’t see through the facade of lies; maybe he did, but was driven more by petty revenge and that disease that afflicts only black people.
It is a double tragedy that he even aided and abetted the campaign of malicious lies with his allegation of “missing” or “mismanaged” N30 trillion during the run-up to the presidential election. It was a season when the walking wounded with malice in their hearts would come to the public space to spew rubbish just because they wanted to hug the headlines the next day. It keeps me up at night knowing that they willfully led this nation back to a replay of 1984/85, the consequences of which are the debilitating economic and socio-political crises we have today.
Let Nigerians ask former President Olusegun Obasanjo whether this is the “Nigeria of our dreams” he so gleefully told the world Buhari was building some months ago. The same Obasanjo acknowledged even before the election that Buhari knew next to nothing about economic management but went on to recommend him for the top job. Obasanjo who instituted an enquiry into the activities of the PTF even denied the findings. It was the height of fierce determination to push through his spiteful “change”. If Buhari was not good on the economy, he has even proved worse on politics. No one can tell for sure, maybe, just maybe, this was the change they meant after all.
*Shaka Momodu contributed this to THIS REPUBLIC shaka.momodu@thisdaylive.com 0811 266 1654
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Yudala: e-Commerce company of the year

Yudala has been named the electronic Commerce (e-Commerce) company of the year at the 2016 edition of the Nigerian Telecom Awards, held at the weekend in Lagos, reports ITRealms.

The emergence of Yudala at the award which took place at the Shell Hall, Muson Centre on Saturday July 16th, saw the overtake of competition from the likes of Konga, Jumia, Payporte, to name a few.

The award, ITRealms gathered was in recognition of Yudala’s ground-breaking entry into the Nigerian e-commerce sector and exceptional innovative strategies through which it has raised the standards in the industry.

Receiving the award, the founder and Vice President, Yudala, Prince Nnamdi Ekeh, dedicated the prize to staff who have worked diligently hard in making the Yudala revolution a reality.

Also, he attributed the recognition to customers who have kept faith with the Yudala brand, especially those who believed in the Yudala dream from its inception.

“I am delighted because this recognition goes a long way to justify the huge impacts we have made in the e-commerce sector. This award is fitting reward for all the hard work and winning strategies we have put in to make the Yudala brand one to look out for.

“I dedicate this award to all staff of Yudala who have worked so hard to make the dream a reality. Special dedication also goes to our customers: those who have kept faith with the Yudala brand from day one as well as the many others who later became convinced by our world class service and have remained ardent customers ever since.”

ITRealms recalls that within a year of its entry into the keenly-competitive e-commerce sector, Yudala has successfully raised the standards with a series of pioneering feats including the launch of same day delivery and the first recorded drone delivery in the e-commerce world. This is in addition to a slew of innovative and exciting promotions through which it has expanded the offerings and given the consumer more value-added options.


Some high-profile personalities on attendance at this award include the Honourable Minister of Communications, Barr. Abdul-Rahman Adebayo Shittu; Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Dambatta; Ag. Chief Executive Officer, National Information Technology Development Agency (NITDA), Dr. Vincent Olatunji; Chief Executive Officer, Airtel Nigeria, Mr. Segun Ogunsanya; His Imperial Majesty, the Ooni of Ife, Oba Enitan Babatunde Ogunwusi as well as other First Class rulers and dignitaries from all walks of life.

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Sunday, July 17, 2016

Scarcity of aviation fuel hits Arik, cancels flights

The scarcity of aviation fuel has forced Arik Air to cancel flights in the last 48 hours across the country, reports ITRealms.

Passengers, who were not pre-informed of the cancellation flooded various airports across the country, especially in Lagos, Owerri, Port Harcourt and Abuja, with some returning home angrily.

ITRealms gathered that Arik passengers suffered yet another setback at the weekend as they witnessed other airlines landing and taking off without their experience tickets being useful at those moments.

For instance, at the Sam Mbakwe International Airport Owerri, passengers since Saturday morning were greeted with the announcement that their flights have been delayed by an hour before it was finally cancelled for the day.

This shows that there was no Arik flight from Owerri on Saturday, and when they were advised to head to Port Harcourt, it was later gathered by correspondent that even the Port Harcourt flights were cancelled due to non-availability of aviation fuel with a promise that there must be a flight Sunday, July 17, 2016.

ITRealms further gathered that on Sunday, those who on assembled at Port Harcourt International Airport from various surrounding airports were stunned to be informed barely an hour to the supposed afternoon flight from Port Harcourt that it has been cancelled, which forced some Arik passengers to take to the nearby motor park as some of them have to be at the office Monday morning.

As the news gained momentum at the airport, some Arik passengers left but were later informed that the initially cancellation was a ploy to reduce tension and discourage the teeming already disappointed passengers and a flight eventually took off from Port Harcourt.
Equally, Air Peace had some 30 minutes delay before taking off from Owerri on Saturday, which was later attributed to scarcity of aviation fuel.


In a Short Messaging Service (SMS) by Air Peace, “We apologize for your delayed flight which was due to scarcity of Jet A1 fuel,” part of the text message read.


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Africa Summit on Women, Girls in Technology calls for presentations

As the date for the first-ever African Summit on Women and Girls in Technology (ASWGT) draws nearer, the organisers have opened calls for presentations, reports ITRealms.

According to a member of the Local Organising Committee (LOC), Ms Karolle Rabarison of the Web Foundation, the call is for those interested in showcasing their works at the 2016 Africa Summit on Women and Girls in Technology, which takes place on September 13-14th in Accra, Ghana.

The summit, she said, is a great opportunity to join leading African women in technology and Information and Communication Technology (ICT) policy to debate solutions and contribute to the policy processes that will bridge the digital gender gap on the continent.

“We are looking to feature women-led initiatives that address at least one of the summit’s focus areas: affordable broadband, women's rights online, digital education and skills, and digital entrepreneurship,” she said.

Rabarison further said that potential presenters could choose presentation format of a lightning talk, demonstration or by poster, stressing that the deadline for submission is July 25, 2016.

Uj N. Dominic/GEE
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CECAD advises FG to adopt October as Nigerian cybersecurity awareness month

A non-governmental organisation, the Centre for Cyber Awareness and Development (CECAD) has called on the Federal Government (FG) to adopt October as the Nigerian National Cybersecurity Awareness month, reports ITRealms.

The group said this practice has since been adopted by several countries due to increasing threats of cyber-attacks to national security, economic crimes, political instability and social insecurity as a result of the vulnerability of national, corporate and private databases via identity theft.

CECAD in a press statement made available to ITRealms by its Director of Communications, Olubayo Abiodun in Lagos, the group said it is set to work and collaborate with the Office of the National Security Adviser (NSA) to President Muhammadu Buhari in order to raise the bar on the multi-stakeholders awareness across government, corporate institutions and private citizens through the principles of the Public Private Partnership (PPP).

The month-long series of activities, he explained, would be delineated to accommodate sectorial weekly emphasises on every facets of the lives of the nation and its people.

“And this among others will include weekly awareness focus on government and its agencies, banks and financial institutions, education, health, tourism, transport, military cum security communities,” he said.

The central theme, CECAD noted, would be on how to enhance safer connections to the Internet without compromising corporate and individual safety.

Families, the group further said, will also enjoy primary attention in the course of the awareness programme in order to ensure the safety of all and sundry, particularly children from dangers inherent in the uncontrolled access.

“Criminals, terrorists, and countries with the intent to harm have found the information superhighway a veritable platform to execute their attacks. To this radicalized minds, attack online is often easier to execute because across the world, corporate and national and individualized information are being digitalized in conformity with transformation of the global community into information society (digital economy); which encompasses e-government, e-commerce, e-health, cashless society, e-learning, digital entertainment, and e-agriculture among other electronic engagements in all spheres of life. As more and more sensitive data is stored online, the consequences of those attacks grow more significant each year.  And by this implication, the group stated that E-fraud is now the fastest growing crime in Nigeria,” he said.

Consequently, CECAD said, the Nigerian nation and its citizens have been under increasing threat from cyber-attacks following the proliferation of digital platforms in the rapid integration of its social, political and economic facets into the digital economy.

They emphasised that the reality of the threats in the Nigeria have been underscored by the reported unauthorised access to the database of the Directorate of State Security (DSS) resulting in the leak of the personal profile of the undercover personnel of the State Security Services.

Similarly, the database of the National Assembly was recently hacked and the result was the unauthorised publication of the names and contact information of the elected officials in the legislative arm of government.


According to the group, more profound is the unreported humongous losses being daily recorded by the banks and other financial institutions through identity theft by cyber goons.

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