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ANADEFI Banks Ring Solution to Banking Crisis

Despite the best efforts of the Central Bank of Nigeria (CBN), the financial industry is still strained by weak counterparty management policy due largely to lack of reliable data and dearth of powerful financial analysis tool that can enable financial institutions evaluate their customers and counterparties, Nigeria CommunicationsWeek can now report.
The result is that as the regulatory authority and risk managers of banks sketch out details of how to improve lending, they are still tied to the mystifyingly complex series of banking rules that produce vicious credit cycle.
People familiar with banking software and regulation said that Nigeria has not yet implemented global risk management standards, such as Basel II, which requires banks to maintain elaborate loss histories; data availability for deriving stress test impacts is limited.
Eager however to consolidate and achieve a robust banking industry through reforms, the CBN has hinted that it would engage specialists to drive the implementation of the Basel II and III, as well as other key initiatives aimed at enhancing effective banking supervision.
Basel III is a global regulatory standard on bank capital adequacy, stress testing and market liquidity risk agreed upon by the members of the Basel committee on banking supervision.
Hussaini Yakubu,, chief operating officer of Mayakorp Limited, a solutions and IT services provider, advised the CBN to begin with a business decision support tool that will come with solution for counterparty risk management, financial analysis and internal rating.
This is due to obvious loopholes in Basel II blamed as one of the major factors of the global financial crisis.
According to Hussaini Yakubu, because of the fragile nature of developing economies, regulatory authorities must ensure that successive banking capital rules do not make the same mistakes.
Nigeria CommunicationsWeek gathered that Basel II collapsed on all the three pillars it was founded under the weight of the crisis before the plaster had even set.
During the crisis, the global financial system came close to a complete halt as a result of problems propagated via financial markets to banks globally.
The need to underpin the liquidity problems of banks is imperative.
Sanusi Lamido Sanusi, CBN governor, recently told an audience at the London School of Economics that Basel III bank reforms currently in development probably won’t prevent banks taking on excessive risk because they are too soft at influencing behavior.
“I think one of the major problems that Basel III will have is that it falls into the…trap of thinking that by simply creating certain capital guidelines you can alter behavior,” he said.
His submission falls aptly in line with Hussein’s recommendation of flexible tool, easy to implement, even for complex projects for the industry before they progress to the full implementation of Basel III.
Hussaini said that ANADEFI Banks, a solution developed by O.R. System of France is just what Nigerian banks need to give them traceable and qualified information.
Nigeria CommunicationsWeek gathered that ANADEFI Banks is fully compliant with Basel II and III and combines external, internal, financial and non-financial data into a single repository for counterparty rating and gives a better understanding of risk origination.
It also standardizes financial analysis and counterparty rating practices within a centralized solution which is robust, flexible and scalable (multi industry, multi financial statements, etc.) and easily maintains rating models and reduces the time to market of the rating model validation to its implementation.
Elsewhere, ANADEFI Information Exchange Platform (AIEP) addresses Central Banks and regulators’ growing need to manage their counterparty risks and Basel II and III compliance requirements.
AIEP is modular software enabling Central Banks and regulators’ risks department to set up a unique repository where are stored all their third parties and risks information.
Two of O.R. System customers have already implemented it with success on some of their platforms, including the enterprises information trade company Société de Commercialisation d’Informations d’Entreprises (SCIE), an initiative of several financial institutions and banks in the West Africa.
Abel Assogba, of SCIE said: “Thanks to its flexibility and reliability the AIEP solution enables us to optimize our counterparty risks management. O.R. System was able to understand our strategic issues and accurately adapted the software to our need for a balance sheets and enterprise rating platform in the countries of our monetary zone. We are now going to extend the solution and use its other modules”
Fabrice Fauconnier, development director at O.R. System: “We know that some central banks have implemented a risks platform but many of them have not found yet an adequate tool for an information exchange platform; our software provides a complete and coherent turnkey solution in response to this strong need.”
News
EFCC Seals Anti-Corruption Alliance with Anambra Security Chiefs, Traditional Rulers

In a strategic drive to bolster inter-agency and institutional synergy against economic and financial crimes, the Anambra Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has launched courtesy visits and awareness campaigns targeting key law enforcement agencies, judicial bodies, and traditional institutions in Anambra State.

On March 5, 2026, Acting Zonal Director ACE I Ofen-Imu Atiba Sunday led a delegation to: State Director of the Department of State Services (DSS), C. Anukposi; State Commandant of the Nigeria Security and Civil Defence Corps (NSCDC), Akachia Godwin; State Comptroller of the Nigeria Immigration Service (NIS), Umerah Timothy Nwanegbo; State Sector Commander of the Federal Road Safety Corps (FRSC), Bridget Asekhauno; State Commandant of the National Drug Law Enforcement Agency (NDLEA), Onubogu Charles Orakwue; and His Majesty, Igwe Chidubem Iweka, Eze Iweka III (Eze Ogalagidi), Eze Obosi and Chairman of the Anambra State Traditional Council, along with his cabinet.
The Acting Zonal Director stressed that combating corruption demands sustained cooperation among institutions and community leaders to boost intelligence gathering, prevention strategies, and enforcement. “Collaborative efforts among stakeholders, including community leaders, are essential to safeguarding Nigeria’s economic stability and future,” he declared.
Highlighting crime trends in the Directorate’s jurisdiction—covering Anambra and Imo States—Sunday noted that public sector corruption, land and property fraud, tax fraud, advance fee fraud, cybercrime, bank fraud, and open market abuses dominate.
Responses were uniformly positive. DSS State Director Anukposi pledged robust support, underscoring intelligence sharing and joint operations to counter threats to national security and economic stability.
NSCDC Commandant Godwin lauded the EFCC’s proactive stance, citing ongoing collaboration on illegal bunkering, vandalism of public assets, and oil theft.
NIS Comptroller Nwanegbo affirmed readiness to partner on border control, migration monitoring, and intelligence against transnational financial crimes.
FRSC Sector Commander Asekhauno hailed the EFCC’s push for accountability, urging use of the Corps’ database and sustained rule-of-law partnerships for national development.
NDLEA Commandant Orakwue committed to tackling criminal networks linking drug trafficking, money laundering, and economic crimes.
At the Eze Obosi’s palace, the monarch welcomed the EFCC’s outreach, decried corruption’s toll on communities, and vowed Traditional Council backing to instill ethics and integrity. He promised to rally other leaders for grassroots anti-corruption sensitization.
News
NCDC Issues Public Advisory on Cerebrospinal Meningitis

Nigeria Centre for Disease Control and Prevention (NCDC) has issued a Public Health advisory on the spread of Cerebrospinal Meningitis (CSM).

It said that the caution is particularly for states within the African Meningitis belt.
In a statement by the Corporate Communications Division of NCDC urged all Nigerians to remain vigilant and adopt preventive measures.
The statement said: “As Nigeria continues through the peak dry season months, the Nigeria Centre for Disease Control and Prevention (NCDC) alerts the public to the ongoing risk of Cerebrospinal Meningitis (CSM), particularly in states within the African meningitis belt.
“Cerebrospinal meningitis occurs more frequently between December and April, when dry, dusty conditions, overcrowding, and poor ventilation increase the risk of transmission.
“The NCDC urges all Nigerians to remain vigilant and adopt preventive measures. Surveillance and response activities remain ongoing nationwide, and laboratory testing is being conducted at the state level while national laboratory capacity is being strengthened.
It explained that Cerebrospinal meningitis is a serious infection of the protective membranes covering the brain and spinal cord.
According to NCDC the affliction is most commonly caused by bacteria, particularly Neisseria meningitidis.
“Bacterial meningitis can progress rapidly and may be fatal within hours if untreated.
“However, early diagnosis and prompt antibiotic treatment significantly improve survival and reduce complications. CSM spreads through respiratory droplets during close contact, especially in overcrowded or poorly ventilated environments.”
It said that symptoms to watch out for include sudden high fever, severe headache, and neck stiffness.
It said other symptoms may include: nausea or vomiting, sensitivity to light, confusion or altered consciousness and seizures.
For In infants and young children, NCDC said the symptoms could bulging soft spot on the head.
The Centre said that early recognition and treatment can save lives.
News
Report finds the Number of Trojan Banker Attacks on Smartphones Increased by 56% in 2025

According to a Kaspersky report “Mobile malware evolution,” the number of Trojan banker attacks on Android smartphones increased by 56% in 2025 compared to the previous year*.

This type of malware is designed to steal user credentials for online banking, e-payment services and credit card systems. Cybercriminals commonly distribute Trojan bankers through messaging apps, as well as through malicious webpages.
The number of new Trojan banker installation packages for Android (unique APK files) also increased sharply, reaching 255,090 packages – a 271% increase over 2024. This may indicate that these tools generate substantial profit for cybercriminals.
Kaspersky experts believe threat actors will continue both to expand delivery channels and develop new Trojan variants trying to evade detection by security solutions. Among all detected Trojan bankers, the leading families were Mamont and Creduz.
“Although Trojan bankers for smartphones are the fastest-growing type of malware, we also observed another important trend: preinstalled backdoors such as Triada and Keenadu appeared more frequently compared to previous years. People purchase completely new, but infected, Android devices and may be unaware of the threat.
Once integrated into the firmware fully functional preinstalled backdoors provide attackers with unlimited control over the victims’ smartphones and tablets. As a result, all information on infected devices can be compromised.
It’s quite difficult to remove such malware. If the device is infected, we recommend users check for firmware updates. After the update, run a scan of the device with a security solution again to make sure newly installed firmware is not infected,” comments Anton Kivva, malware analyst team lead at Kaspersky.
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