E-Business
Mass Resignation of Software Engineers Disrupts Banks Digitisation Move

The mass resignation of software engineers in most commercial banks across the country for greenerpasture abroad, is currently threatening digitisation in the banking sector.

According to Leadership, this is coming as a disincentive to the cashless banking initiative, where every banking transaction is expected to be digitised.
However, the development is obstructing seamless operation of electronic and mobile banking systems across banks.
It was learnt that about 500 software engineers have, since the beginning of this year, till now, secured better offers abroad, majorly in Canada and European countries where the emolument far outweighs what they are being paid in the Nigerian banking sector as they are paid in foreign currency at a time the nation’s Naira has seriously depreciated.
Aside these 500 engineers, about 1,000 other staff have so far resigned their appointments in deposit money banks to pick up juicy offers abroad, even as there are indications that more engineers and bank staff will also join them in the months ahead as the nation’s economy becomes harsher and operating environment becomes unbearable.
The development has disrupted the succession plan of many banks as more bank staff seek greener pastures outside the country.
This mass exodus, investigation shows, was responsible for hitches in electronic and mobile banking operations of most banks in the country as they struggle to find suitable replacements for those that have left their services.
Complaints from bank customers on electronic and mobile banking platforms have intensified in recent months, making it obvious, the challenges facing the banking system.
Over the last few months, thousands of Nigerians have moved out of the country either as students or have gotten jobs outside the country.
These have affected most industries across the economy but the banking industry is beginning to feel the brunt of it. The situation has gotten so bad that it came up as an issue for discussion at the Bankers’ Committee meeting which held in April this year.
For example, a major bank in the country, having noticed the trend of resignations, had earlier moved up its promotion process as a way to encourage the staff to remain.
The bank had even increased its package for the workers and promoted 450 staff. Unfortunately, less than two weeks after the promotion, over 150 of those promoted resigned and left the country.
With no bank spared the exodus of talents, the bank chief executives had resorted to finding a solution to the brain drain by coming together to train more staff for their depleting human resource.
Abubakar Sulieman, managing director and chief executive of Sterling Bank, at the end of the Bankers Committee meeting in April this year had noted that banks in the country will be collaborating with the Chartered Institute of Bankers of Nigeria (CIBN) to increase training particularly in the software engineering area.
Sulieman affirming that the issue had come up at the Bankers Committee, said: “we extensively discussed the impact of the great resignation, where with so many of varied experience talent, especially in the areas of software engineering, either leaving the industry or leaving the country.”
Thus, he said, the banks had committed to using industry platform, the CIBN, to drive the process of training more skills in the areas where there has been evident deficit.
This, he said, is “in the hope that this would improve the availability of talent within the banking sector to drive innovation. This will be funded by the industry and will be part of our contribution towards talent development.
Speaking with Leadership at the weekend on this development, Mr. Ken Opara, president of CIBN, noted that, the industry is currently suffering from talent drain.
According to him, “this year alone, there is a whole lot of resignations and people leaving the industry particularly the younger ones. The figure is quite high.
Opara had noted that the talent drain in the sector is “basically because they feel that they need an environment where they can guarantee their job security and have a flexible working environment and also the fact that you don’t need to always dress officially to do your job, you don’t need to wear suit or tie. Where you don’t necessarily need to be in the office to do your job and can work remotely. The concept of remote working is what appeals to them.
“The concept of flexible working hours where you can work in one place and in other places is also what appeals to them. The concept of having to dress casual is also part of what appeals to them.
Then of course the fact that they don’t need to be in a particular place for a long period of time as much as possible.”
For the Information and Communication sector, the story is not so different as a lot of tech developers are either leaving Nigeria in search for ICT job that pays better or working remotely, LEADERSHIP findings have revealed.
Recruiting in the tech industry is on the rise, with foreign companies reporting they are hiring “at or beyond pre-pandemic levels,” the Robert Half Technology’s 2022 IT salary report revealed.
The most in-demand tech jobs for 2022 are Information security analyst, security analysts, Software developer, Network and computer systems administrator, Computer programmer, web developer, Computer and information systems manager and system analyst, among others, said CIO.
Martins Akingba, managing director and CEO, eStream Network, told Leadership Newspaper that brain drain is a major challenge in the ICT sector, as a lot of developers have migrated to other countries in search of greener pastures.
However, the CEO said majority of business owners have decided to go into automation. “We implement processes on systems that automate our operations, such that even when people go, it will not disrupt our business,” he explained.
Though, there is no statistic that revealed tech workers’ migration, the President of Institute of Software Practitioners of Nigeria (ISPON), Mr. Chinenye Mba-Uzoukwu, told LEADERSHIP that there is a trend in recent times.
The reason for that is not far-fetched, Mba-Uzoukwu said, adding that, most institutions in Nigeria have not fully deployed local solutions to local problems.
Majority of the IT-enabled organisations in the country still depend on foreign countries for solutions.
When asked if there are software developers to meet the needs of organisations in the country, Mba-Uzoukwu said: “Nigeria as a country is blessed with great software developers. We have programmers who have come up with several solutions to our local problems, but organizations sometimes don’t patronise them, as they prefer to import solutions or software from China and other countries.”
Banks’ Senior Staff Lament Redundancy
Engr. Gbenga Adebayo, president and founder of Royal FM 95.1Mhz Ilorin, , at the 5th Students Union leadership Summit of Kwara State University, said, it will be difficult to talk about a better Nigeria without considering the negative impact of mass migration of youthful population on the economy and its future.
Adebayo said migration may imposes high human capital cost for the country by leaving the country without the human capital necessary to achieve long-term economic growth.
He revealed that the migration problem is due to lack of employment and social guarantees on the young population and not due to any political persecution.
“The most negative impact on our country is the fact that young graduates (and our highly skilled professionals) leave the country for better opportunities. Today many of our engineers, IT specialists, doctors, nurses, engineers, and very brilliant professionals are lost to other countries,” he added.
Adebayo said, Nigeria has great potentials, adding that, “we are blessed with many natural resources, we are free of many natural disasters, a large proportion of our population are young people an age bracket that mist of you in this hall belong to, if you JAPA the country will rely on foreigners for needed skills in the future.
E-Business
Kaspersky Uncovers Cyber Threats Defining the First Half of 2026 in Nigeria, Others

Kaspersky’s Global Research & Analysis Team (GReAT) reveals key cyber threat trends for the first half of 2026 at the recent Cyber Security Weekend for the Middle East, Turkiye and Africa region (META).

As the cybersecurity landscape continues to evolve, cyberthreats are becoming increasingly diverse and sophisticated. The rapid adoption of artificial intelligence (AI), coupled with ongoing geopolitical and economic instability, is contributing to the rise of cybercrime and the growing complexity of cyberattacks.
According to Kaspersky’s telemetry, online threats exploiting vulnerabilities in websites, emails and web services continued to affect millions of users across the META region during the first half of 2026.
Specifically, Kaspersky detection systems stopped 1,6M attacks from various online resources in Nigeria. Turkiye recorded the highest percentage of users affected by web-based threats at 22.8%, followed by Kenya (21.2%), Qatar (19.3%), Nigeria (18.4%) and South Africa (17.2%). In contrast, Saudi Arabia, Jordan and Pakistan registered the lowest share of users targeted by web-borne attacks in the region.
AI is transforming attacker operations
Kaspersky experts report that threat actors are increasingly integrating AI into different stages of their operations. Large language models are already being used to generate phishing emails, malicious code and supporting operational content.
AI is also beginning to play a larger role in malware development. Modern language models are capable of generating substantial portions of malicious software, from initial code scaffolding to functional modules.
Researchers have already observed AI-assisted malware development in campaigns linked to the FunkSec group, which deployed Rust-based malware capable of data theft, encryption and process manipulation. Similarly, during the RevengeHotels campaign in 2025, threat actors used large language models to generate portions of the infector and downloader code.
“We expect AI to remain one of the key factors shaping the threat landscape in 2026, as we already see how it is reshaping attacker workflows and accelerating their operations,” said Sergey Lozhkin, Head of Global Research and Analysis Team in APAC and META regions at Kaspersky. “By lowering the time and cost required to develop and adapt malicious tools, AI allows threat actors to iterate faster and scale their efforts. Defenders should be prepared for quicker shifts in tactics.”
Emerging trends shaping the cyber threat landscape
In addition to the growing use of AI by cybercriminals, Kaspersky experts identified several trends that organisations should monitor closely:
- AI-driven malware evolution: generative models can rewrite malware in different languages or architectures, making malicious code harder to detect, and faster to deploy at scale.
- Cloud-based data exfiltration: attackers increasingly route stolen data through legitimate cloud and file-sharing services to blend in with normal traffic.
- Ransomware targeting operations: some groups disrupt production and business processes, not just encrypt data, to increase pressure for payment.
- AI agents as persistence mechanisms: some AI agent solutions are granted broad or even full system access. If compromised, attackers could modify the system prompt or the agent’s configuration, for example, causing it to download a payload on every startup.
- Malicious AI skills become a new attack vector: as AI agents gain broader access to enterprise systems, attackers start to exploit compromised skills to manipulate agent behaviour, steal sensitive data, execute unauthorised actions, and establish persistent access. This creates a new layer of risk where trusted AI tools can be turned into powerful mechanisms for cyberattacks.
As cyberthreats continue to evolve alongside emerging technologies, Kaspersky recommends that organisations strengthen their cybersecurity posture through continuous vulnerability management, timely patching, employee awareness training, threat intelligence, and advanced security solutions like Kaspersky Next, capable of detecting sophisticated and AI-assisted attacks.
E-Business
Kaspersky Uncovers New Mirage Kitten Malware Used in Cyber-espionage Campaign Across Africa, Others
Kaspersky Global Research and Analysis Team (GReAT) has discovered a previously undocumented malware set used by Mirage Kitten APT. The findings were revealed at its annual Kaspersky Cyber Security Weekend for the Middle East, Turkiye and Africa (META).
![]()
The malicious tools were used in a targeted campaign aimed at maintaining long-term access to victim networks and stealing sensitive data.
The company’s researchers have identified victims of this campaign across the Middle East and Africa, including organisations in Egypt, small and medium-sized businesses and government entities in Jordan and Tanzania, aviation organisations in Pakistan, telecommunications companies in Ethiopia and financial-sector entities in Burkina Faso.
The toolset consists of three custom programs. At its core is NightLedger, a newly discovered Windows backdoor attributed to the group based on code and behavioural similarities to its previously known malware, which gives the attackers remote control over infected machines: they can run commands, explore and transfer files and capture screenshots.
It is complemented by two covert tunneling tools, ArcBridge and BridgeHead, which effectively turn a compromised computer into a relay node: the attackers run their tools on their own servers, while all the resulting traffic is quietly funneled through the victim’s machine, as if it originated from inside the victim’s network.
This lets them slip past network defences and preserve long-term access without drawing attention. The first of these tools was identified in April 2026 in activity targeting victims in the Middle East.
While the initial access vector remains unclear in most cases, Kaspersky GReAT researchers observed BridgeHead being deployed during post-compromise activity in victim environments in Egypt and at an aerospace and aviation organisation in Pakistan. In those cases, the intrusion activity followed targeted spear-phishing attempts consistent with the group’s known methods.
The lures were highly tailored including recruitment-themed messages impersonating trusted brands and hiring platforms, as well as fake videoconferencing pages that redirected victims to malicious archive files hosted on third-party file-sharing services.
“Based on our latest findings, we conclude that Mirage Kitten continues to evolve its malware arsenal in support of targeted cyber-espionage operations across the Middle East and Africa.
“Another notable aspect of the campaign is the group’s continued reliance on tunneling utilities as part of its operational toolkit: in practice this enables attackers to bypass network controls, maintain covert access to compromised environments and significantly complicate detection efforts.
“Given the persistence and sophistication of these techniques, organisations and defenders should incorporate these findings into their threat assessments and strengthen their detection and response capabilities accordingly,” says Omar Amin, senior security researcher at Kaspersky GReAT.
E-Business
NDPC Directs DCPMIs to Register with Agency or Face Legal Consequences

Nigeria Data Protection Commission (NDPC) has directed all Data Controllers and Data Processors of Major Importance (DCPMIs), yet to register with the commission to do so immediately.

This followed a Federal High Court judgment affirming NDPC statutory powers to designate and register such entities.
DCPMIs are entities operating in Nigeria that handle sensitive personal data or large volumes of information, requiring mandatory registration with the NDPC under the Nigeria Data Protection Act (NDPA).
In a statement issued on Tuesday by Babatunde Bamigboye, head of Legal, Enforcement and Regulations at the NDPC, described the judgment as a major milestone for data accountability and regulatory oversight in Nigeria.
The commission said the ruling arose from a suit filed by Emmanuel Harunna against the NDPC in Emmanuel Harunna v. NDPC (FHC/L/CS/1116/2024), in which the applicant sought a declaration that Point of Sale agents were not Data Controllers or Processors of Major Importance under the Nigeria Data Protection Act and requested a perpetual injunction restraining the commission from registering them.
According to the statement, Justice F.N. Ogazi examined the commission’s Guidance Notice on Registration alongside Sections 5(d), 6(c), 44, 45 and 65 of the Nigeria Data Protection Act before concluding that the commission acted within its statutory powers in designating entities under the Major Data Processing – Ordinary High Level category as Data Controllers and Processors of Major Importance.
Quoting the judgment, the statement read, “The Nigeria Data Protection Act was enacted to promote accountability, transparency and responsible data governance. Registration enables the Respondent to identify entities engaged in significant data processing activities, monitor compliance.”
It added that the court held that, “Far from undermining the constitutional right to privacy, the registration framework is one of the statutory mechanisms designed to safeguard that very right by subjecting data controllers and data processors to effective regulatory oversight.”
The statement further quoted the court as saying, “Looking at the recitals of the Guidance Notice, there is every indication that the Guidance Notice is also aimed at protecting the privacy and security of data subjects, thus bringing the registration requirement of the Guidance Notice within the protective shield of Section 45 of the 1999 Constitution.”
According to the commission, the court also held that, “Remarkably, Section 63 of the Data Protection Act provides that the provisions of the Act shall prevail over any other law inconsistent with its provisions on matters relating to the processing of personal data.”
Reacting to the judgment, the commission described the decision as a significant boost to Nigeria’s data protection regime.
“The Commission appreciates the ground-breaking efforts of the court towards the advancement of the jurisprudence relating to data accountability in Nigeria, as eloquently demonstrated in this case,” the statement read.
Following the ruling, Vincent Olatunji, national commissioner and chief executive officer, had directed every Data Controller and Processor of Major Importance that had yet to comply with the registration requirement to register without delay.
The commission warned that entities failing to comply with the registration requirement could face legal consequences.
“Failure to register creates serious legal liabilities under the law, while compliance with registration requirements builds public trust and safeguards the fundamental rights and freedoms of data subjects in Nigeria,” the statement added.
Telecom3 days agoFact-Check: Elon Musk’s “Tesla Pi Phone” is Internet Rumor
E-Financial3 days agoMalpass, Ex World Bank Chief Raises Alarm over Nigeria’s Secretive Debt Structures
Telecom3 days agoHow and Why Apps Deplete Data – ALTON
News3 days agoCIBN, ACAMB Push for Financial Inclusion, Women Empowerment
E-Financial3 days agoS&P Global Acquires Agusto & Co. to Strengthen Credit Ratings Across Africa
Telecom3 days agoGalaxy Backbone Soft Launches Government Service Portal to Simplify Access to Public Services
E-Business3 days agoNDPC Directs DCPMIs to Register with Agency or Face Legal Consequences
Broadcasting3 days agoAfrica Prudential Posts N1.59bn Profit in H1 2026, Reaffirms Digital Growth Strategy



















