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2328 Victims in 54 Countries Loss Billions to Nigerian Scammers- FireEye

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FireEye, a renowned security vendor has opened a lid on a new group of 419 scammers using keyloggers and other malware to divert potentially millions of dollars in payments from over 2000 victims worldwide.

The new report, An Inside Look into the World of Nigerian Scammers, according to InfoSecurity Magazine, reveals the work of a small group of at least four cyber-criminals living in Nigeria.

They all share the same C&C server and the MWI exploit kit to create malicious documents that infect victims with keyloggers like HawkEye and KeyBase.

According to the report, although the group’s victims number 2328 in 54 countries thus far, the majority are in Asian countries including India (45%), Indonesia (19%), Vietnam (17%), Malaysia (4%) and China (3%).

This is because they appear more credible to non-native English speakers, who are less likely to spot their own grammatical mistakes.

The group also chooses its victims according to those countries where it already has bank accounts or can easily transfer money into said accounts, and victims using free webmail accounts – “which might indicate that the user is not technically savvy or is a small business.”

Lacking technical skills to mount attacks on their own, the scammers search for help on the dark net, FireEye explained:

“To obtain exploits, crypters, infostealers and remote access tools (RATS), they access forums to inquire and search for malicious software…We have observed several instances of the scammers interacting with tool providers. As these interactions show, the scammers are heavily reliant on third-party malicious tool developers to create and maintain their tools. They rely on these third-party tool providers to furnish them with documentation or tutorials on the tools, to create stealthy exploits, and to troubleshoot issues.”

Having infected their victims, the scammers monitor the keylog files for email accounts dealing with purchase transactions.

On spotting such a transaction they’ll log into the victim account and play man-in-the-middle, waiting for the right moment before emailing the buyer to change the payment account details to their own.

They then contact the money mule to alert them about the new transaction.

FireEye observed one single transaction worth $1m.

“We believe that they launder their money through a few strategies such as buying gold and luxury items, or mixing the money they have obtained through these scams with money collected legitimately,” the report explained.

To mitigate the risk of attack, FireEye recommended small business owners use two-factor authentication for sensitive online accounts, never open attachments in unsolicited emails, and contact the buyer directly via phone to validate transaction details.

It’s also a good idea to pay close attention to business transactions and email addresses, it added.

 


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UK–Nigeria Skills and Schools Trade Mission Concludes with Strong Foundations for Education Partnership

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A high-level UK delegation has concluded a week-long skills and schools trade mission to Nigeria, marking a significant step forward in education and skills cooperation between the two countries.

Running from 19-23 April 2026 across Abuja and Lagos State, the mission brought together leading UK private schools, skills providers, and education institutions with Nigerian partners, schools, and the Honourable Minister of Education Dr Tunji Alausa.

The mission follows the high profile and well received state visit to the UK in March, which also included education engagements.  Supported by the UK’s Department for Business and Trade (DBT), the mission forms part of its new International Education Strategy, under which Nigeria has been identified as one of five priority education markets, spearheaded by Professor Sir Steve Smith, who is looking forward to visiting the country again this year.

The mission focused on in-country delivery of education, the establishment of world-renowned UK schools in Nigeria, and the development of skills and Technical and Vocational Education and Training (TVET) systems aligned with industry demand.

In Abuja, the delegation met with Nigeria’s Honourable Minister of Education, Dr Tunji Alausa, securing strong political backing for UK–Nigeria education partnerships and set the groundwork for ongoing institutional collaboration across both schools and skills.

In Lagos, delegates engaged further with potential partners and investors. In both cities the delegation was thrilled to visit local British curriculum schools and colleges to further enable them to experience first-hand the teaching and learning environment.

British Deputy High Commissioner, Jonny Baxter, said: “The UK and Nigeria share a deep and longstanding relationship, and opportunities in education are one of its most exciting frontiers.

“This mission has demonstrated the strong appetite on both sides to deepen collaboration in education and skills.”

“By bringing together UK schools and skills providers with Nigerian partners and policymakers, we are laying the foundations for even more long-term partnerships that support Nigeria’s education priorities, strengthen skills aligned to industry needs, and create opportunities for sustainable, in-country delivery as well as positioning Nigeria as the regional hub for high quality education.”

DBT Head of International Education, Sarah Chidgey, said: “This mission is a perfect example of the International Education Strategy being put into action, building on multiple two-way visits and the UK and Nigeria’s warm relationship. It has been heartening to see all the progress in UK Nigeria education collaboration since my first visit to Nigeria, as part of a wider delegation, in 2022.”

DBT’s mission concluded with a strong pipeline of follow-up activity, including targeted one-to-one meetings, MoU discussions, and agreed next steps between UK and Nigerian counterparts.

 


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Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan

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President Bola Tinubu has requested Senate approval for a $516.3 million foreign syndicated loan to fund key sections of the Sokoto-Badagry superhighway, a cornerstone of his Renewed Hope Agenda.

Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan

Tinubu

 

In a letter read by Senate President Godswill Akpabio during Thursday’s plenary, Tinubu invoked Sections 16 and 21 of the Debt Management Office Act, 2011, to secure financing via Deutsche Bank AG for Sections 1, Phase 1A, and 1B. The 1,000-kilometre project will span Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, linking Illela to Badagry and boosting trade, connectivity, and goods movement.

The nine-year loan, with a three-year grace period and interest at SOFR plus 5.3 per cent, includes a partial risk guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The Federal Government will provide over ₦265 billion in counterpart funding for land acquisition and infrastructure.

Akpabio referred the request to the Senate Committee on Local and Foreign Debts for a one-week turnaround report. He endorsed the borrowing, stating it advances road safety and national integration.

The highway aims to cut travel times and stimulate economic corridors, with the Federal Executive Council already approving the plan.


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Karex, World’s Top Condom Maker to Hike Prices due to Iran war

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Karex, world’s largest condom maker, plans to raise prices by up to 30 percent due to supply disruptions linked to the Iran war.

Karex, World's Top Condom Maker to Hike Prices due to Iran war

This means that safe sex could get more expensive if the war continues to disrupt global supply chains, according to Goh Miah Kiat, CEO, Karex.

Kiat told old Reuters that rising freight costs and shipping delays have increased demand and forced the company to pass costs to customers.

Broader supply chain issues and higher oil prices could impact many everyday products that rely on petrochemicals.

“The situation is definitely very fragile, prices are expensive… We ​have no choice but to transfer the costs right now to ⁠the customers,” Goh told Reuters.

Karex joins a growing list of companies that are bracing for supply chain disruptions amid the ongoing war in Iran.

Based in Malaysia, Karex produces condoms, personal lubricants, gloves, medical catheters and probe covers.

The company manufactures male latex condoms including ONE, Trustex, Carex and Pasante, and it can produce over 5 billion condoms annually. Karex also exports to more than 130 countries, according to its website.

“We’re seeing a lot more condoms actually sitting on vessels that have not arrived at their destination but are highly required,” Goh said.

 


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