E-Business
Obaro, SystemSpecs Boss Reveals How He Left Banking to Start Remita

John Obaro, managing director, SystemSpecs, has revealed that he resigned as a banker to start the firm and build its HR technology solution, HumanManager and later its renowned financial technology product, Remita, which powers the Nigerian government’s Treasury Single Account.

The MD of SystemSpecs revealed this at the 2021 Kingdom Summit in Lagos State, tagged: “Reposition, Recover, Soar.”
The tech enterpreneur also shared some insights on his company’s origins and its emergence as a prominent African player in the financial and human resource technology solutions space.
“Some 29 years ago, I resigned from my job after about 10 years’ experience in the banking sector,” said Obaro. “Banking on God’s favour, and with limited funds, SystemSpecs, a wholly indigenous software house, launched in January 1992.”
The tech guru said some of the values driving the company included dependence on God for success, ethics and integrity, friendship with customers, family-based relationship at work, partnership with neighbours, and innovation and diligence in the pursuit of excellence.
According to Obaro, SystemSpecs launched human resource technology solution, HumanManager, one of its most successful products in 1995.
It instantly became a trailblazer in the use of web technology for HR/Payroll Management and is also one of the global pioneers of Employee Self-service in the HR/payroll management.
HumanManager was selected by the World Bank for the implementation of the Federal Government’s pilot Integrated Payroll and Personnel Information System, leading to a commendation by former President Olusegun Obasanjo in his book: “My Presidential Legacy.”
The story of SystemSpecs will not be complete without Remita, a household name in Nigeria.
According to Obaro, SystemSpecs developed Remita as a one-stop solution in 2005 to empower organisations to pay salaries across all banks, deliver tax schedules across all states, deliver contribution deduction schedules to cooperatives, and deliver pension contributions to Pension Fund Custodians of all the Pension Fund Administrators.
“We got an invitation for the almighty Treasury Single Account during a routine CBN visit,” Obaro continued.
Remita is perhaps more popular for its role as the technology solution powering the Treasury Single Account, a unified bank account policy recommended by the International Monetary Fund to improve fiscal management and reduce corruption.
The policy has had a profound impact on the Federal Government’s financial management despite several political constraints, saving the government about N45 billion monthly, according to Zainab Ahmed, minister of Finance, Budget and National Planning.
Remita is also used by businesses and individuals for payments of everyday bills as well as funds collections, for managing accounts across multiple banks and managing individuals’ financial approval profiles across multiple organisations.
Advising the event’s attendees, Obaro said vision, diligence, good attitude, integrity, perseverance and team building are some of the necessary attributes for successful entrepreneurship.
Hosted by the Redeemed Christian Church of God, The King’s Court, the 2021 Kingdom Summit featured other prominent speakers, including Dr. Cosmas Maduka, CEO, Coscharis Group; Shola David-Borha, Director, Standard Bank Subsidiaries, Nigeria and Uganda; Poju Oyemade, Lead Pastor, Covenant Nation; Ndidi Nwuneli, Co-founder, Sahel Consulting; and Femi Adeyemo, CEO, Arnergy.
E-Business
UNN to Partner Firm on AI, Smart Mobility Innovation Centre

The University of Nigeria (UNN) is set to partner with The Roxettes Group to establish a research and innovation centre focused on artificial intelligence (AI), smart and green mobility, and digital technologies, in a move aimed at strengthening research, entrepreneurship and technology-driven industrial development.

Chairman of The Roxettes Group, Arc. Dr. Kaycee Orji-Kelechi, announced the proposed partnership while delivering his acceptance speech after receiving an Honorary Doctor of Business Administration (Honoris Causa) during the university’s convocation ceremony.
The proposed facility, to be known as the Dr. Kaycee Orji Centre for Artificial Intelligence, Smart/Green Mobility and Digital Innovation, is expected to provide a platform for research, innovation and collaboration between academia and industry, with a focus on developing commercially viable solutions to local and continental challenges.
Orji-Kelechi said the initiative was conceived as a long-term investment in human capital and technological advancement rather than simply another physical infrastructure project.
He said the vision was to position the University of Nigeria among Africa’s leading institutions in artificial intelligence, smart mobility and digital innovation through research, entrepreneurship and technology development.
According to him, the centre will house five specialised laboratories covering artificial intelligence and machine learning, smart and green mobility, robotics and the Internet of Things (IoT), digital finance and financial technology, as well as cloud computing and advanced data centre technologies.
He also announced plans for the proposed Kaycee Orji Founders Innovation Challenge, an annual programme intended to identify, mentor and support innovative ideas from students, researchers and academic staff with the potential to become scalable businesses.
“Every student of this University should know that a great idea conceived in a classroom should have a pathway to becoming a patent, a startup, a global enterprise, and a solution that transforms society,” he said.
Orji-Kelechi disclosed that preliminary conceptual work on the project had commenced, with architectural and engineering designs being prepared by K.KH Contractors Ltd., a subsidiary of The Roxettes Group.
He added that discussions with the university would begin on identifying a suitable site for the project, while a comprehensive proposal containing architectural drawings, engineering designs and an implementation framework would be submitted after completion of the design phase.
Reflecting on his career, Orji-Kelechi said Africa must move beyond consuming innovation to creating it through investment in manufacturing, technology and entrepreneurship.
“We have pursued one simple vision: that Nigeria and Africa must move from consumption to production; from importing innovation to creating it; and from waiting for opportunities to building them,” he said.
He urged graduating students to see their education as a foundation for solving societal challenges through innovation, leadership and enterprise, adding that he remained committed to promoting industrial development, youth empowerment and sustainable economic growth.
The proposed collaboration forms part of broader efforts to strengthen university-industry partnerships, which are increasingly seen as critical to improving research commercialisation, innovation capacity and technology-led economic development in Nigeria.
E-Business
NPC Opens 131 Births, Deaths Registration Centres in Anambra

National Population Commission (NPC) has announced commencement of full digital registration of births and deaths through the VitalReg platform, which became operational nationwide on July 1, 2026.

Chidi Ezeoke, federal commissioner representing Anambra, disclosed this in Awka during a press conference to announce commencement of full digital birth and death registration under the Electronic Civil Registration and Vital Statistics (E-CRVS) system and the marking of World Population Day commemorated every July 11.
He revealed that a total of 131 registration centres had been opened in the 21 local government headquarters and several communities in the state, adding that more centres would be opened later.
Ezeoke described the initiative as a major milestone in Nigeria’s Civil Registration and Vital Statistics (CRVS) system, to ensure every birth and death in the country was captured through a digitally enabled registration platform.
“It builds on the launch of the E-CRVS system and the inauguration of the National Coordination Committee on Civil Registration and Vital Statistics by President Bola Tinubu on Nov. 8, 2023.
“A total of 4,011 functional registration centres has been established across the 774 LGAs of the federation and the commission iswas working to expand the number to about 8,000.
“In Anambra, 131 registration centres have been opened in the 21 local government headquarters and several communities. More centres had been proposed for the state,” he said.
According to the Commissioner, the VitalReg platform would provide faster registration services, 24-hour online access, digital certificate issuance where applicable, reduced paperwork and waiting time, improved data validation and a more secure national CRVS database.
While noting that the platform would serve as a foundational database to support other national data systems and strengthen interoperability across Nigeria’s digital identity ecosystem, Ezeoke urged Nigerians and other stakeholders to support the initiative by ensuring prompt registration of all births and deaths.
Speaking on the 2026 World Population Day themed, “Realising the Hopes and Aspirations of Young People – Today and for the Future”, the Commissioner called for greater investment in education, healthcare, skills development, decent employment opportunities and youth participation in governance for sustainable national development.
Earlier, Mr Obiakonwa Okagwu, state director, NPC, said the occasion served as a reminder of great opportunities provided to harness young people’s capabilities, which he said would shape the future of the country when adequately harnessed.
He called on residents to take registration of births and deaths as national responsibility, just as he urged the media to take the message on civil registration to all parts of the State.
E-Business
Report Says Cybercriminals Deploy Malware to Hijack Crypto Wallets, Monitor Browsers Telegram

Cybersecurity researchers at Kaspersky have uncovered a sophisticated malware framework, dubbed OkoBot, that is targeting cryptocurrency users by stealing wallet recovery phrases, browser credentials and other sensitive information through a multi-stage attack campaign spanning more than 25 countries.

The researchers said the malware, active since April 2025, employs more than 20 malicious payloads and has evolved into an advanced cybercrime platform focused on compromising digital asset holders. According to Kaspersky’s Global Research and Analysis Team (GReAT), the campaign remains active and has already affected hundreds of users worldwide.
Kaspersky disclosed that one of the framework’s most dangerous components, known as SeedHunter, injects malicious code into legitimate cryptocurrency wallet applications, including Ledger Wallet, Ledger Live and Trezor Suite, before displaying fake recovery phrase prompts designed to trick victims into surrendering their seed phrases.
The security firm explained that once attackers obtain a victim’s recovery phrase, they gain complete control over the cryptocurrency wallet, enabling them to transfer digital assets with virtually no chance of recovery.
Commenting on the discovery, Dmitry Galov, security researcher at Kaspersky’s GReAT, said.
“This campaign has been running for more than a year and remains active. OkoBot is not just a single piece of malware but an extensible framework built primarily to compromise cryptocurrency users.”
Galov added that the malware is continuously maintained and enhanced, underscoring the attackers’ long-term focus on financial theft.
According to Kaspersky, victims are typically infected through ClickFix phishing attacks or malicious GitHub repositories masquerading as legitimate software downloads. In one instance, a fake Microsoft SQL Server Management Studio repository secretly installed a trojanized version of the Audacity audio editor embedded with malicious code.
Following the initial compromise, the attackers deploy a PowerShell downloader called TookPS,which establishes an encrypted SSH connection to attacker-controlled infrastructure.
The malware then harvests browser cookies, wallet files, stored credentials and system information before downloading additional malicious modules.
Among the additional payloads is OkoSpyware which monitors more than 100 applications, which includes cryptocurrency wallets and password managers—records user activity and captures keystrokes and video of application windows. Another module silently installs malicious browser extensions capable of stealing financial information and authentication tokens.
However, Kaspersky’s telemetry indicates that the largest concentrations of victims have been recorded in Brazil, Vietnam, Canada, Mexico and Türkiye, although the malware campaign has spread to users across more than 25 countries.
The cybersecurity firm advised cryptocurrency users never to enter wallet recovery phrases into prompts displayed by desktop applications or websites unless they have independently verified their authenticity.
Furthermore,It also urged users to download wallet software exclusively from official sources, enable multi-layered endpoint protection, and remain cautious of software offered through unofficial repositories or phishing websites.
Kaspersky noted that while hardware wallets themselves remain secure, attackers are increasingly exploiting the software that accompanies them, making user awareness a critical line of defence against evolving cryptocurrency-focused cyber threats.
E-Business1 day agoReport Says Cybercriminals Deploy Malware to Hijack Crypto Wallets, Monitor Browsers Telegram
Telecom1 day agoSubscribers, Telcos Warn FCCPC over Airtime Lending Enforcement
Telecom1 day agoNCC, REA Partner to Cut Telecom Costs with Renewable Energy
News1 day agoSee Verified 20 Countries Nigerian Passport Holders Can Travel Visa-Free
General News1 day agoAfDB, Nigeria Urge African Control of Mineral Resources
E-Business1 day agoNPC Opens 131 Births, Deaths Registration Centres in Anambra
General News1 day agoLagos Chamber Opposes 21 Percent Pension Contribution, Warns of Job Losses
Telecom1 day agoNigeria Pushes for United African Front Ahead of Global Telecoms Elections




















