General News
Nigeria Cyberspace Neglected, Unprotected Territory- Onifade
![Opeyemi Onifade, president, Information Systems Audit and Control Association [ISACA] Abuja chapter,](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2015/09/Opeyemi Onifade_0.jpg)
As the use of IT becomes pervasive, government, large corporations and private organizations are daily combating cyber security.
In this encounter with Opeyemi Onifade, president, Information Systems Audit and Control Association [ISACA] Abuja chapter, examine the trend. Excerpts.
How Big is Cyber Security Threats in Nigeria
Nigeria as a member of the global society and the country cannot be insulated from the opportunities and threats of globalization. Now, the use of IT is pervasive.
Many organizations in Nigeria are leveraging on the Internet to transact and interact with customers, employees, suppliers and partners. The internet has become imperative to address our collective capacity to respond to the inevitability of cyber threats, especially Advanced Persistent Threats [APT].
Primarily, the purpose of the majority of APTs is to extract information from systems—this could be critical research, enterprise intellectual property or government information, among other things.
Talking about the shift in the motive for hacking (i.e. compromising the security profile of information systems), you will find that there is an evolution in the motivation for attacks.
Motivation for attacks can be explained as being attacked because you are on the Internet and you have vulnerabilities. Or because you are on the Internet and you have information of value; or because your former or current employee seeks financial gain from selling your intellectual property (IP) or because of who you are, what you do or the value of your IP.
And these include state-sponsored attacks and corporate espionage. According to recent research, Cybersecurity is a top global concern. 82% of enterprises are expected to experience a cyber incident in 2015.
Businesses and Government Preparing for the Current Threat
Financial industry players like banks have strengthened their cyber resilience through implementation of adequate technology, adoption of process-oriented good practices and standards, and engagement of right skills and competencies.
However, our government needs to consider a special vehicle to establish the framework to address cybersecurity issues strategically, tactically and operationally.
This is because cybesecurity is a security issue, in fact a national security concern.
We need to understand that we cannot succeed by accident. The cyberspace is now recognized as the fifth domain of warfare in addition to land, air, sea and space.
Unfortunately, in Nigeria, our cyberspace domain is still a neglected and unprotected territory.
Yet, we have come to depend so much on mobile telecommunications, electronic banking and e-commerce for our socioeconomic survival.
In specific terms, there is a need for the government to declare an emergency in the cybersecurity education domain of the country in order to promote cyber security expertise and create a formidable “army” that will be able to ensure effective national cyber defense.
The University Commission needs to update curricula development and accredit information security courses in our tertiary institutions.
Standards Organization of Nigeria needs to domesticate the information security related international standards. NITDA needs to wake up to her responsibilities as the governing body for IT-related security issues in the country.
This is an unfamiliar territory to government bureaucracy and the bureaucrats need to have the humility to collaborate with the professional bodies like ISACA with over 2000 credentialed Nigerian members in the interest of security of the country and wellbeing of her citizens.
Where Does ISACA Fit into all of These?
ISACA provides practical guidance, benchmarks and other effective tools for all enterprises that use information systems.
Through its comprehensive guidance and services, ISACA defines the roles of information systems governance, security, audit and assurance professionals worldwide.
The COBIT framework and the CSX, CISA, CISM, CGEIT and CRISC certifications are ISACA brands respected and used by these professionals for the benefit of their enterprises.
Nigerian banks depend on our members to man their audit, risk, e-business, operations and strategy department. CBN guidelines to the banks require them to use ISACA’s framework to align IT with Business strategy.
To become a member, you are required to register as a professional or student member.
Membership gives you access to vast educational opportunities and international networks.
Members are supported to earn professional credentials upon passing relevant exam and demonstrating verifiable work experience.
ISACA operates three chapters in Nigeria- Abuja, Lagos and Ibadan. There are over 2000 members resident in Nigeria at the last count.
How can ISACA Enable Proven Best Practices to Reduce the Attack Surface, and Mitigate Risks?
For over 40 years, ISACA has promoted trust in, and value from information systems. ISACA has published frameworks and standards related to information assurance, information security, risk management, and corporate governance of IT.
We have been a global thought-leader on these issues.
In 2015, ISACA commenced a skill-based credentialing programme, Cybersecurity nexus CSX to develop and validate cybersecurity competencies.
This programme is in recognition that the most advanced of cyber attacks are done by people and the defense side needs to have adequate competencies to reduce or eliminate opportunities for successful attacks.
ISACA provides access to the knowledge and competencies for cybersecurity in over 180 countries of the world.
ISACA Abuja chapter will be 10 years this year. What are your plans to commemorate this? What are the preparations for the up-coming annual conference?
As part of our contribution to promoting the right use of information technology in the country, ISACA Abuja Nigeria has been hosting annual international conferences. The seventh edition coincides with our 10th anniversary.
This conference theme is “CYBERSECURITY: Aligning Nigeria with the rest of the World”. The Chief Information Security Officer of the City of Atlanta,
USA has accepted our invitation to be the keynote speaker. We are also drawing speakers from other parts of the world and from within the country.
As a social responsible professional body, we shall be donating IT-related books to tertiary institutions and libraries in Abuja.
We have also planned a free seminar for students of tertiary institutions interested in cybersecurity profession.
The platform is meant to provide mentorship to future cybersecurity professionals. To commemorate our 10th anniversary, we will be signing MOU with organizations that believe in our cause to make our cyberspace safe across the country and region.
Nigeria Security Professionals and Requisite Training to Build Strong Core Infrastructure, to Combat Digital Security Threats
According to CISCO, there are over one million unfilled jobs for information security roles worldwide. Another research estimates that more than 35% of enterprises are unable to fill open cyber security positions.
I believe security professionals in Nigeria have not been able to gain the recognition they deserve and so they have not been able to express themselves through hands-on contributions to the economy and national security. Sadly, there is currently an incessant loss of our cyber security professionals to opportunities in the Middle-East economies.
The brain drain will continue until we create an atmosphere to retain these skills. It happened to nursing and medical professionals in the 80’s, it is happening again to our cyber security professionals.
I think there are numerous opportunities for self-development for our professionals, but businesses and all tiers of government must begin to look to our citizens for cyber protection in order to fully engage and truncate the brain drain in the cyber security industry.
I wish to suggest that government agencies and businesses should be involved in sponsoring cybersecurity events for professionals and students.
An example is the cyberlympics organized by ISACA International. President Buhari will need to find a means to drive the cybersecurity agenda for the nation.
Recently the US President issued an executive order on cyber security earlier in the year and the UK government recently made public her National Cyber Security Strategy.
Legislation and Fight Against Security Threats and Cybercrime
Thankfully, the cybercrime bill was passed into law this year and there are attempts by the Office of National Security Adviser to promote a national strategic framework for cybersecurity.
While that is a good step forward, we are still very unserious in providing a legal framework for governing our cyberspace.
I mentioned earlier that our cyberspace is a neglected territory. Our laws should attempt to make Nigeria one of the most secure places to do business.
Until recently, Amazon.com would not ship to Nigeria. Paypal would not do business with Nigeria at all. While these organizations have modified their business models for Nigeria, their service package for Nigeria is still limited.
This means that Nigerians are unable to take full advantage of international e-commerce. For instance, while a Nigerian can pay using the global payment platform, paypal, she cannot receive payment using the same platform.
We need laws that will enable e-business not just punish cyber misdemeanor.
We are hoping that the members of the eight National Assembly will be open to working with experts in non-profit organizations like ISACA to help with research and case studies to make our laws appropriate and relevant to 21st century realities.
What can CISO do to Become very Prominent in Organisations?
The role of a CIO is to create value from the information asset of the organization while a CISO’s role is to preserve the value of the organization’s information asset. Information has become the most important factor of production over land, labour and capital.
Therefore, information security is really about business security. The CEO is the one who will be held accountable for the protection of the most important productive asset of the organization, i.e. the information assets.
He can delegate this responsibility to a CISO but he cannot delegate the accountability. A CISO therefore needs to recognize his role as someone responsible for business resilience and performance. His role is not just to implement controls but also to ingrain the enablers of business strategic outcomes.
General News
FG Secures Fresh $208.3m World Bank Loan for Cash Transfer

Federal government has secured a fresh $208.3 million financing from the World Bank to strengthen Nigeria’s cash transfer programme targeted at poor and vulnerable households as the country continues to grapple with the economic impact of ongoing reforms.

President Bola Tinubu’
The new facility is expected to bolster the government’s social protection initiative by providing direct cash support to millions of low-income Nigerians affected by rising living costs following the removal of petrol subsidy and the liberalisation of the foreign exchange market.
The funding forms part of the World Bank-backed social safety net programme aimed at cushioning the impact of economic reforms while improving the country’s social protection system.
It is also expected to support efforts to enhance the National Social Register, strengthen payment systems and ensure that financial assistance reaches eligible beneficiaries more efficiently.
The latest financing adds to a growing list of World Bank-supported projects approved under President Bola Tinubu’s administration.
Since the administration assumed office in May 2023, Nigeria has secured more than $11.4 billion in World Bank loan approvals across key sectors, including power, agriculture, healthcare, education, digital infrastructure, financial inclusion and social protection.
However, only part of the approved funding has been disbursed, with several projects still at various stages of implementation.
Government officials have maintained that expanding the cash transfer programme is essential to protecting vulnerable Nigerians from the short-term effects of economic reforms while laying the foundation for long-term economic stability.
However, the fresh borrowing has renewed concerns among economists and policy analysts over Nigeria’s rising debt burden and increasing dependence on external financing.
Critics have called for greater transparency in the utilisation of borrowed funds and improved monitoring of social intervention programmes to ensure that the intended beneficiaries receive the support.
According to data from the Debt Management Office (DMO), Nigeria’s total public debt stood at approximately ₦159.28 trillion as of December 31, 2025, with multilateral lenders, particularly the World Bank, accounting for a significant portion of the country’s external debt portfolio.
Despite the concerns, analysts note that World Bank loans are generally concessional, offering lower interest rates and longer repayment periods than commercial loans.
They argue that the ultimate value of the new financing will depend on effective implementation, accountability and the successful delivery of cash support to vulnerable households across the country.
General News
SERAP Sues INEC over Alleged N800Bn 2027 Tinubu Campaign Fund

Socio-Economic Rights and Accountability Project (SERAP) has filed a legal action against the Independent National Electoral Commission (INEC) for allegedly failing to investigate claims that governors under the All Progressives Congress (APC) diverted N800 billion from public funds to finance President Bola Tinubu’s re-election bid.

The lawsuit, marked FHC/ABJ/CS/1426/2026, was filed last week before the Federal High Court in Abuja.
SERAP is asking the court to issue an order of mandamus directing INEC to investigate the allegations and compel the commission to obtain full disclosure from the APC and the governors on the alleged campaign fund, including the identities of donors and the lawful sources of the funds.Campaigns & Elections.
The organisation is also seeking an order directing INEC to commence a formal review into compliance with Section 91 of the Electoral Act by political parties and candidates, particularly regarding the sources and scale of campaign financing in the current political cycle.
According to SERAP, the allegations raise serious concerns about political finance transparency, electoral integrity and Nigerians’ constitutional right to participate freely in governance.
In the suit filed on its behalf by lawyers Kolawole Oluwadare and Kehinde Oyewumi, the organisation argued that the reported diversion of public funds for political purposes poses a significant threat to the credibility of the 2027 general elections.
It maintained that opaque political financing remains a major gateway for corruption and undermines public confidence in democratic institutions.
“The abuse of state resources for electoral advantage undermines democratic integrity and public trust. Fairness, transparency, and accountability in political or campaign finance are essential safeguards against corruption, state capture, and undue influence in democratic processes,” SERAP stated.
The organisation argued that Section 91 of the Electoral Act empowers INEC to regulate political donations, require disclosure of campaign contributions and enforce sanctions where donation limits are exceeded.
It noted that political parties found to have exceeded donation limits are liable to a fine of up to N10m and forfeiture of excess funds, while individuals who exceed the legal threshold face fines amounting to five times the excess contribution.
SERAP further contended that the commission has constitutional and statutory obligations to ensure transparency in political financing and prevent the misuse of public resources for electoral advantage.
According to the group, allegations involving large-scale public funds and opaque financial arrangements fall squarely within INEC’s investigative and monitoring responsibilities under the Constitution and the Electoral Act.
The suit also cited Sections 13, 14(2)(c) and 15(5) of the 1999 Constitution (as amended), arguing that they impose obligations on public institutions, including INEC, to safeguard democratic participation, prevent corruption and uphold constitutional principles.
SERAP further relied on international legal instruments, including the African Charter on Human and Peoples’ Rights, the International Covenant on Civil and Political Rights and the United Nations Convention against Corruption, which it said require transparency in political financing and accountability in the management of public resources.
The organisation argued that any diversion of public funds for campaign purposes would amount to a violation of both domestic and international legal obligations and would undermine the principle of a level playing field in elections.
No date has been fixed for the hearing of the suit.
General News
Hydrogen Employees Lead Blood Donation Drive to Support Lagos Communities

Hydrogen Payment Services Company Limited has reinforced its commitment to community impact through an employee-led blood donation drive in partnership with the Lagos State Blood Transfusion Service (LSBTS) and Gbagada General Hospital.

Held recently, the initiative extended this year’s World Blood Donor Day campaign, themed “One Drop of Humanity. Give Blood. Save Lives.” It brought together Hydrogen employees in a collective effort to strengthen blood reserves for patients across Lagos State.
The drive recorded strong participation, with employees voluntarily donating blood to support critical healthcare needs, including emergency care, surgical procedures, maternal health, sickle cell treatment, and assistance for accident victims. The contributions will help bolster the state’s blood bank and improve access to life-saving interventions.
Medical teams from LSBTS and Gbagada General Hospital supervised the exercise and engaged participants on the importance of regular voluntary blood donation. They also addressed common misconceptions, reinforcing the role of consistent donors in maintaining a safe and adequate blood supply.
Dr. Folashade Tawak, Senior Medical Practitioner with the Lagos State Government, commended the initiative.
“Voluntary blood donation remains one of the most impactful ways individuals can contribute to saving lives. We commend Hydrogen for driving this initiative and encouraging active employee participation. Efforts like this are critical to sustaining the blood reserves needed for patients in urgent need,” she said.
Fiyinfoluwa Olorunsola, Acting Chief Executive Officer of Hydrogen, said the initiative reflects the company’s broader purpose.
“At Hydrogen, our responsibility goes beyond building payment infrastructure. We are committed to making a meaningful difference in the communities we serve. This drive brings our people together around a cause that directly saves lives, and I am proud of the culture we are building, defined by purpose, compassion, and service,” she noted.
Also speaking, Obinna Ojekwe, Head of Marketing and Communications, highlighted the personal impact of the initiative: “While we enable the seamless movement of value every day, this initiative allowed us to give something more personal. Knowing that a simple act can save lives makes this deeply meaningful, and it reflects the kind of organisation we are proud to be part of.”
The blood donation drive underscores Hydrogen’s commitment to creating value beyond financial transactions by empowering its employees to contribute meaningfully to society. It forms part of the company’s broader 2026 employee volunteering and CSR programme, with additional community-focused initiatives planned throughout the year.
Hydrogen Payment Services Company Limited Hydrogen Payment Services Company Limited (Hydrogen) is Africa’s institutional payments infrastructure partner, enabling financial institutions and large organisations to process, move, and settle payments at scale with trust and operational integrity.
Through resilient, Africa-focused infrastructure, Hydrogen helps institutions manage payment complexity, improve efficiency, and deliver reliable services across the continent.
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