General News
Local Computer Systems are for Nigerian Environment – Balogun
Tunji Balogun is the managing director of Brian Integrated Systems, manufacturers of world class desktops and laptops as well as other computer accessories.
He is also, president, Computer and Allied Products Dealers Association of Nigeria, (CAPDAN) and the brain behind Balog Technology, distributors of computer products. Balogun is a member of many ICT associations; Balogun started his career in the ICT industry over 35 years ago with NCR Plc.
He spoke to peter ugwu, on issues concerning the relocation of Computer Village in Lagos to it permanent site among others.
Brian Computer in Stiff Competition
In Brian Computers we have competitive edge based on research and development (R&D).
We have maintained our leading role, coming out with systems that people want and the design they love.
We are driven by innovation, not seating in a place. We are abreast with technology and will keep fate with the people.
There is no reason why we cannot be in business. Our after sales service is second to none.
Our engineers are always ready to attend to issues as they arrive. In essence we adopted customer-centric approach, which is important to us.
If you place the foreign systems side-by-side local OEMs system they are the same thing, especially with the software.
We buy our hardware from the same manufacturers; the difference among brands like HP, Dell and Brian is the final customization.
Honestly speaking, our systems go through some stringent measure when it comes to Quality Control (QC). We make sure that every part put in use is tested to adapt to the Nigerian environment before they are fused into the systems.
There is no foreign brand that can flaw any of the local brands because we all operate in the same market, using the same models and equipment to manufacture. We even go above board to ensure they are adaptable to the Nigerian environment.
Brian’s Partnership Ventures
We have executed a number of partnership programme like in River State. We have finished that and put it behind us.
Currently we have other projects with NCC, State Governments and other agencies. We are growing and moving forward.
Building Hardware
Building of hardware is a huge capital project. It is not like building mobile phone casing. That is a different project.
If you are in the business of building phone casing or cover, that is a particular specialization and different from building systems. We are concentrating on building systems; that is Brian Laptops and Desktops and we will focus on that.
Relocation of Computer Village
We are hopeful on the process, however presently we are not aware of the direction things are going on the movement of the Computer Village.
So, we cannot make categorical statement on how the movement is going to be.
CAPDAN Not Carried Along by the Lagos State Government
The piece of information we have presently is on the architectural design. Meanwhile, we have been working with the Agencies of the Lagos State Government involved in the process like the Ministry of Environment.
We have made ourselves clear on how we want the process to be, particularly on the appointment of the contactor to handle the project. We have short listed about four builders we believe are competent to give us the kind of structure needed in the new ICT hub.
Any of them chosen is supposed to execute the contract. That is the level I can say the process is now.
The State Government is yet to give us the final builder penciled to commence work at the site.
CAPDAN’s Decision to Shortlist Contractors
There are some infrastructural developments we look forward to see in that place. Is not like the State Government cannot provide a competent contractor to handle the project, but as partners in progress we are permitted to make contribution to that effect. We know what we want.
To be honest with you, we have seen the drawing and have made our input known. It is not about building a replica of what we have in the present Computer Village. What we need is an ICT park.
The new village is supposed to house all shop owners, offices, warehouses and other important platforms we have presently.
We also look forward to have training centres, banks, schools, police posts; in fact, a clear departure from what we currently have. The village is going to be an international ICT hub or edifice.
Customers’ Readiness to Visit the New Park
Well, some people have called the place a remote area, but looking at it, it is on the heart of Lagos.
Not only that, it stand by the major road; about five minutes drive to the airport. We have been partaking on the process from the beginning. So, we are not going to lose our customers.
They know the quality of services and products we offer them at the village, which we are going to ensure we maintain the quality at the new place.
It is not about new centres springing up in Lagos, most of the people opening centres outside the Computer Village received their training here. When the centres are coming up we see it as a welcome development.
This shows that we are really working.
Thus, quality services and low charges we offer to the customers will always remain incentives to drive the market. Computer Village remains the largest concentration of computer sellers and buyers in ICT industry in the whole of West Africa region, if not Africa as a whole.
Possibility of the Project Turning to White Elephant Project
Well, personally, I am not skeptical of Lagos State Government’s decision or actions concerning the project.
We are optimistic and CAPDAN as a body believes so much in the administration of Babatunde Raji Fashola that the project will see the light of the day. As far as we are concerned, this Government does not say what it does not want to do. More so, the engagements we have had with them show that everything is in good fate.
However, I think the government wouldn’t want to do anything that is not below the aspirations of operators at the Computer Village.
And they are not going to do anything putting us behind, because we have every right to reject any work that does not meet our expectations or if we are not integrated into the process. You cannot shave a man’s head at his back.
Feelings of Your Members about the Project
They are very enthusiastic about the relocation plans. I think so, firstly, the advantages we will deliver upon movement to the new site are numerous.
Like the rent, it is not going to be what is obtainable at this present computer village and they have option one to buy and own the shops there. As they become the landlords, then we can be able to control the environment.
Unlike what we have here, ‘area-boys’ (touts) everywhere.
The environment at the present Computer village is not conducive for business, so we applaud what the Lagos State Government is trying to do. In the first place, this is not a business environment rather residential quarters.
But due to pressure and the geometrical growth in information and communications technology in Nigeria the place couple with its strategic position in Lagos, was turned a business district.
Not by the government but the business people and their landlords. We should expect the kind of commotion we witness here; an environment built initially for business.
However, we have been partnering the Lagos State Government through the Ministry of Environment and task-force boards to ensure there is sanity in the area.
So, when everybody is working, CAPDAN executives have not rested on their oars to ensure our members are peaceful. Meanwhile, it is left for other agencies like the State Security Service (SSS) and the local government to come to the aide of the computer village.
Multi-national IT Companies Buying into the Process
Actually, we do not have to go after them, they have no option that to come after us. We are talking about an ICT park that will have buyers coming from different places to transact business in a more conducive environment.
Most of these multi-nationals cannot find their bearings into the market if we are not there. Should they decline to move along as the process progresses, they may not find where to start marketing or showcasing their products; so they need us. I strongly believe that we are not going to be at their mercy.
General News
Cybersecurity Firm Detects a Wave of Crypto Phishing Following BlockFi Bankruptcy

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.
General News
Universal Insurance to Raise N15bn to Meet Capital Rules
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.
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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.
General News
FG Rejects Northern Elders’ Gold Refinery Siting Claim

Federal Ministry of Solid Minerals Development has debunked allegations by the Northern Elders Forum that the Federal Government sited a gold refinery in Lagos, breaching the federal character principle.

Minister Dele Alake
In a statement from Abuja, Special Assistant to Minister Dele Alake, Segun Tomori, described the claim by the forum’s spokesperson, Prof. Abubakar Jiddere, as “false and misleading.” He clarified that the minister never announced any government-owned gold refinery in Lagos or elsewhere.
Mr Tomori stressed that Minister Alake explicitly described the refinery as a private initiative by Kian Smith, one of several such projects nationwide. “The Federal Government does not compel private companies to site operations in specific regions,” he added, crediting founder Nere Emiko’s leadership.
The project supports the government’s value-addition policy to curb raw mineral exports and boost local processing. Reforms over two years have spurred investments like a $600 million lithium plant in Nasarawa, a $400 million rare earth facility there, and a $200 million ASBA lithium plant in Abuja.
Tomori highlighted the policy’s role in attracting foreign capital and creating jobs, describing the Lagos refinery as proof of successful reforms. He urged the Northern Elders Forum to back efforts for a stronger Nigerian economy rather than spreading misinformation.
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