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Madam Minister and Critical Infrastructure

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Eugene Juwah, EVC, NCC
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A major spin off of the recent roundtable on the protection of ICT infrastructure from vandalism is a call for action and work on the mind shift of Nigerians.

The roundtable organized by Association of Licensed Telecoms Operators of Nigeria (Alton) and Communication Week Media Limited, publishers of Nigeria CommunicationsWeek also showed detached attitude of government to sensitive issues. 

This is because while an issue that bothers on national security was being discussed, the ministry of Communications Technology was busy chasing shadows.

And just as the forum got underway, series of bombings in some states in Northern Nigeria reduced many base stations to rubbles.

The roundtable was a private sector initiative in the face of government and its agencies apparent lack of insight on how to tackle the growing threats to the survival of the country.

What greater love for a nation and indeed our industry?

It is the real problem with Nigeria where some people arrogate to themselves the status of demigods but in their ignorance forget they have some but not all powers of a god.

This does not distract from our stand that declaring ICT infrastructure as a Critical National Infrastructure that is protected by law is only the first level of protection.

We believe in moral persuasion and general awareness of the importance of these infrastructures not only to the ICT firms but to Nigerians and indeed to the nation.

Vandalism is caused by people who think it is funny to damage other peoples’ properties. Sometimes, it is by ignorance and sometimes sinister.

Either ways, vandalism is clear and present danger.

Agreed that issues of multiple taxation, right of way, power and host of other issues besetting the industry are germane, none occupy top priority like attacks on the infrastructure.

For what it is worth, it is when you have a network that you can talk about tariff; worry about power; pay government taxes; and even employ people.

Networks and ICT infrastructure are at the heart of the matter. 

They are the Central Nervous Systems.

A mobile phone is useless without a base station.

We must avoid treating this like the cleanup of the Niger Delta where government is waiting for oil companies and oil companies are asking the government to clean up the environment.

We decided to own this initiative, drive it and get buy-ins.

The ministry of Communications Technology necessarily does not have to like the idea; it needs to key into it because it is in the interest of the nation.

The ministry must also be the best advert for the product it is selling.

ICT industry on the other hand, must not see public enlightenment to draw attention to the clear and present dangers of attacks on ICT facilities as doing anyone a favour.

It is important to point out that attacks on ICT infrastructure will continue to grow and may even grow out of proportion unless there are deliberate and concerted efforts to stem the tide.

When restive Nigerians are tired at hitting at government buildings, officials and facilities, they will turn to corporate institutions. It is already happening.

If base stations continue to go down due to attacks, the country as a whole may even collapse because almost all the structures of governments, businesses and economy are dependent on network infrastructure.


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Taraba Adopts Electronic Case Management System

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Taraba State in Nigeria has developed an electronic platform for filing criminal cases in the state’s High Courts, marking the implementation of the new National Case Management System.

The launch, announced on Monday, marks a move from manual to electronic filing of criminal cases and is part of attempts to reform court processes and expand access to justice using technology.

Governor Agbu Kefas stated that the action underlines the government’s dedication to institutional strengthening, the rule of law, and effective governance.

Kefas pledged continued government support for the judiciary, noting that technology is essential for delivering swift, fair and transparent justice.

He also stated that the state would give the resources and infrastructure required to maintain the ongoing judicial reforms.

Justice Joel Agya, Chief Judge of Taraba State, stated that the e-filing facility will enable the electronic filing of originating processes and subsequent applications.

He explained that the system would enhance case tracking from filing to final determination while reducing delays caused by manual registry procedures.

Justice Agya went on to say that the platform would improve the security and accessibility of court records, as well as help judges manage dockets and time better.

He emphasised that the platform is intended to supplement rather than replace judicial decision-making, ensuring that administrative procedures do not impede the delivery of speedy justice.

The development is consistent with a broader national push to digitalise judicial processes across Nigerian courts, which has already been implemented in several regions.


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Cybersecurity Firm Detects a Wave of Crypto Phishing Following BlockFi Bankruptcy

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Kaspersky has detected a wave of phishing attacks preying on former customers of the bankrupt crypto lending platform BlockFi.

These scams leverage the ongoing distribution of customer assets following BlockFi’s 2022 bankruptcy, tricking victims into surrendering cryptocurrency wallet seed phrases, potentially leading to financial losses.

BlockFi, once a prominent provider of high-yield interest accounts and crypto-backed loans, announced bankruptcy in November 2022. The company began disbursing repayments to affected clients in 2024 as part of its restructuring plan.

Kaspersky has detected fraudulent emails mimicking BlockFi’s official branding, which falsely invite recipients to “claim the payment” they are “entitled to.” After clicking on the link, users land on a phishing page and are prompted to “connect their wallet”.

The attackers suggest that users import their existing wallet by typing in the secret phrase – this grants attackers direct access to the funds in the victim’s wallet.

“Phishing attacks like this are widespread, capitalising on real-world events to build trust and urgency. Victims who fall for these scams risk exposing their crypto wallets to theft. It’s critical for individuals to verify any communications directly through official channels and to check the address from where the email originates for legitimacy,” comments Roman Dedenok, anti-spam expert at Kaspersky.

The phishing emails feature convincing logos, colour schemes, and language, making them difficult to spot at first glance. Kaspersky recommends the following steps to avoid falling victim to this or similar scams:

  • Do not click on links or respond to unsolicited emails.
  • Protect Sensitive Information: Never share banking credentials, wallet seed phrases, or other private keys in response to an email or online form.
  • Use Security Tools: Enable two-factor authentication (2FA) on all financial accounts, employ reputable security software like Kaspersky Premium, and consider using a password manager to safeguard credentials.

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Universal Insurance to Raise N15bn to Meet Capital Rules

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Universal Insurance Plc has secured the approval of its shareholders to raise additional capital of N15 billion through a proposed recapitalisation exercise, as the insurer intensifies efforts to strengthen its balance sheet and position the company for long-term sustainability.

The approval will be granted at an Extraordinary General Meeting (EGM) scheduled for February 5, 2026 in Lagos.

Currently, Universal Insurance’s share capital stands at N8 billion, with 16 billion ordinary shares held by existing shareholders on the NGX. The board is seeking to revalidate, authorise, and regularise 14 billion unissued ordinary shares for the planned capital raise and also secure approval to list and admit the new shares for trading

Following resolutions passed at the Extraordinary General Meeting (EGM), Universal Insurance Plc is moving forward with a comprehensive recapitalisation programme aimed at reinforcing its capital base and improving its capacity to underwrite larger and more diversified risks.

Shareholders approved the plan to raise new equity through a combination of capital market instruments, subject to regulatory approvals, as part of efforts to meet industry capital requirements and support future growth.

Gross premium written rose to N18.59 billion, up from N12.29 billion a year earlier, driven by increased underwriting activity across key insurance segments. Insurance revenue also grew to N14.68 billion, compared with N9.85 billion in the prior period, reflecting stronger risk acceptance and improved pricing discipline.

Despite higher insurance service expenses, the company posted an insurance service result of N1.13 billion, while net investment income surged to N2.79 billion, supported largely by fair value gains on financial assets. As a result, net insurance and investment income increased to N5.18 billion, nearly double the N2.61 billion recorded in the same period of 2024.

On the balance sheet, total assets expanded to N21.82 billion as at September 30, 2025, from N18.14 billion a year earlier, supported by growth in financial assets and investment properties. Shareholders’ funds rose to N14.38 billion, up from N12.33 billion, reflecting improved profitability and reserve accumulation.

Investors have also responded positively to Universal Insurance’s performance, with its stock delivering an 83.33 percent return in 2025, rising from N0.66 to N1.21 per share, and trading volumes exceeding 6 billion shares.

The recapitalisation initiative, combined with the improving financial performance recorded in Q3’25, underscores Universal Insurance Plc’s determination to reposition itself as a more resilient and competitive player in Nigeria’s insurance industry.

The company aims to deliver improved value to policyholders, investors, and partners, while supporting broader economic activity and generating sustainable returns for shareholders.


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