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Zinox Dismisses Claims of Police Indictment of Leo Stan Ekeh

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The management of Zinox Technologies, Nigeria’s leading integrated Information and Communications Technology (ICT) company,has debunked allegations of Leo Stan Ekeh, its chairman, being indicted by the Nigerian Police.

Zinox Dismisses Claims of Police Indictment of Leo Stan Ekeh

Leo Stan Ekeh

This was contained in a detailed statement released to the media on Tuesday, December 22, 2020.

‘‘Firstly, Zinox Technologies makes bold to state categorically that neither its Chairman, Ekeh, nor any of its staff or the staff of Technology Distributions Limited, including Chris Eze Ozims, Shade Oyebode, Charles Adigwe and Mrs. Chioma Ekeh, were indicted by any investigative agency or facing any criminal trial in any court in Nigeria. Anyone with contrary position should please make it public.

The crux of the matter is that Benjamin Joseph and his partner Princess Kama had domiciled an FIRS computer supplies transaction worth N170m funded by Technology Distributions Ltd., the biggest HP authorised distributors (and not Zinox Technologies), with a promise to pay immediately they received payment from the FIRS, with additional guarantee from Princess Kama’s uncle, Chief Onny Igbokwe as Citadel Oracle Concepts Ltd was not qualified to enjoy credit from Technology Distributions. When FIRS paid, Mr. Benjamin Joseph tried to divert the fund but his partner, Princess Kama refused and paid Technology Distributions the pre-agreed invoice sum of the laptops supplied on credit. Mr. Joseph took offence and started writing all sort of fake petitions. We are aware that Mr. Joseph has kept petitioning every Police station he comes across to invite Mr. Ekeh over a matter that he (Joseph) is currently standing a criminal trial for.’’

Zinox, which disclosed that the allegations were being propelled by some news media, especially Premium Times, allegedly at the instigation of Mr. Joseph of Citadel Oracle Concepts Limited, urged members of the public to pay no heed to the unsubstantiated claims, which it refuted in details.

‘‘Knowing the consequence of the intended mischief set out by these nefarious media, the management of Zinox deems it expedient to set the records straight with information and facts that can be independently verified by anyone. Indeed, we would not have paid any attention to the latest piece of sponsored fake news from Premium Times, were it not for the essential need to ensure that right-thinking Nigerians are not misled by the antics of an unscrupulous group of people who are bent on tarnishing the hard-earned reputation of Mr. Ekeh.’’

Further, the statement revealed that Mr. Joseph is currently facing a criminal trial on the same allegations he claims the Zinox Chairman was indicted for, thereby rendering his claims incredulous and without substance.

‘‘Joseph had lodged a complaint with the Nigerian Police Special Fraud Unit (SFU), Ikoyi, Lagos, claiming that his board resolution and other corporate documents were forged to execute the FIRS contract of about N170million.However, the SFU in their investigation did not only find out that he indeed authorized the contract by giving a letter of authority to his staff, Princess Kama, and who along with Chief Igbokwe, executed the contract, but that the board resolutions and other documents were indeed signed by him. This follows a forensic report dated 12th March 2014, by the Commissioner of Police (Forensic Science Lab) D’ Dept (Force CID) Nigeria Police with reference no. AR:4150/X/FCD/Vol.4/11.

‘‘It was on the basis of the findings above that the said documents were not forged and that the laptops, in question, were indeed supplied to the FIRS, that the then-Inspector General of Police, Solomon Arase charged Benjamin Joseph for false information in Charge No. CR/216/2016 (Inspector General of Police vs. Benjamin Joseph) on the same set of facts/allegations which he now claims Mr. Ekeh was indicted for. How can Mr. Ekeh be indicted by the Police in 2015 when the same Benjamin Joseph is currently being tried by the same Police for false information before Honourable Justice Peter Kekemeke of the FCT High Court Abuja for same allegations?

‘‘It is instructive to note that the Attorney-General of the Federation through the Federal Director of Public Prosecutions had twice given legal advice to the Inspector of General of Police to prosecute the said Benjamin Joseph to a logical conclusion for giving false information. Thelegal advice was dispatched in two letters dated 10th February 2017 (ref no. DPPA/PET/397/16) and 7th May 2018 (ref. no. DPPA/ADV:1009/14). Consequently, the Inspector General of Police had acted on the legal advice vide a letter dated 16th February 2017 (ref. no. CB:3560/IGP.SEC/ABJ/Vol88/560) to the COP (Legal Dept, Force headquarters) to implement the legal directive of the Attorney General of the Federation.

‘‘It is, therefore, mischievous and deceitful for anyone to report that the Chairman of Zinox or its staff were indicted in 2015 by a report by one Assistant Commissioner of Police (ACP). We state here that we are reading about the so-called 2015 report for the first time through the news media. The staff of Zinox or Technology Distributions were neither invited by the said ACP nor were they made to write any statements. Otherwise, let them produce any statements that were made to the so-called Police Investigation Board. How can you conduct an ‘investigation’ and make a report indicting certain individuals without hearing from them on their own side of the story? How can the so-called report of an ACP in 2015 override the subsequent unequivocal legal advice of the Attorney General of the Federal and the Inspector General of Police?’’

In addition, Zinox accused Premium Times of bias, even as it disclosed that the medium is currently being sued for defamation before an Abuja High Court.

‘‘It is also instructive to note that the said Benjamin Joseph had petitioned the Vice President of Nigeria on the same allegation, of which the EFCC was mandated to investigate. At the end of the investigations, the EFCC absolved Technology Distributions Limited and its staff.The EFCC rather charged the staff/representatives of Citadel Oracle Concept Limited (due to their own internal issues) in Charge no. CR/244/2018. None of the staff of Zinox or Technology Distributions were charged. The case is before Honourable Justice Senchi of the FCT High Court, Abuja, and can be verified independently.

‘‘All the documentsabove have been tendered in evidence in the ongoing criminal charge against Benjamin Joseph in the said Charge no. CR/216/2016, and can be verified by anyone. These facts and information are well known to Premium Times but they would rather hide them from their reportage. Of course, the biased and mischievous reporting stems from the fact that Zinox Technologies took out a N2billion libel case against them at the FCT High Court, Abuja, over these fake publications. Hence, it is important for the reading public to understand that Premium Times writes from the perspective of a disgruntled and aggrieved medium, due to the case Zinox has against them.

‘‘Also, neither Zinox or Mr. Ekeh has transacted any business with Mr. Joseph. He had been unqualified to enjoy credit from Technology Distributions Limited, another company affiliated with Mr. Ekeh and when he was aided by his business partner who approached TD Africa on his behalf, he had attempted to criminally corner the proceeds without paying for the items supplied on credit. Failure to achieve this aim had seen him turn around to claim that the items were not supplied to the FIRS and later, that he was not aware of the contract and that his signature was forged to execute the contract. He has since resorted to relying on some of our competitors who are funding him to continue his campaign of calumny against Zinox and Mr. Ekeh.

‘‘We make bold to say that Mr. Ekeh is a globally respected corporate citizen who has been in business for over 35 years with local and internationally reputed partners and without a single shred of scandal, fraud or underhand practices to his name.

‘‘Once again, we urge all Nigerians, our partners and other well-meaning people to ignore his antics, even as we await the speedy dispensation of justice in the suit involving him (Joseph) and Premium Times before the courts,’’ the statement concluded.

 

 


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Government, Industrial Sectors became the Primary Targets for Cybercriminals in 2025 – Report

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According to the global report by Kaspersky Security Services ‘Anatomy of a Cyber World’, the government sector has emerged as the most targeted sector for the second consecutive year, accounting for 19% of all high-severity incidents in 2025.

The industrial sector closely followed at 17%, while the IT sector rose to third place with 15%, displacing finance from the top three targeted industries.

The ‘Anatomy of a Cyber World’ is a comprehensive global report drawing on incident statistics from Kaspersky Managed Detection and Response, Kaspersky Incident Response, Kaspersky Compromise Assessment and Kaspersky SOC Consulting.

This report sheds light on the most prevalent attacker tactics, techniques and tools, as well as the characteristics of detected incidents and their distribution across regions and industry sectors.

Building on these findings, the report reveals that government bodies continued to be the most targeted sector in 2025. A deeper examination of the root causes of attacks within this sector uncovers that Advanced Persistent Threats (APTs) were the most common, accounting for 33,3% of incidents.

This trend highlights the increasing sophistication of adversaries who persistently evolve their tactics to bypass automated protection. Additionally, 18,9% of government organisations experienced social engineering attacks, underscoring that employees remain a critical entry point for cyber threats.

This dual vulnerability, from both advanced persistent attackers and social engineering campaigns, underscores the need to strengthen not only technology but also organisational resilience.

Implementing measures such as role-based access control and limiting privileges can significantly reduce the impact of compromised accounts, particularly in large, distributed government environments.

The industrial sector presents a different but equally concerning profile. Threats in industrial environments are distributed with striking uniformity: APT-driven incidents constitute 17,8%, malware 14,9% and social engineering 13,9%.

This pattern suggests that industrial organisations attract a broad range of adversaries with different capabilities and objectives, rather than being primarily targeted by a single type of threat actor. Notably, confirmed cyber exercises like red teaming accounts for 22,8% of incidents in the sector, the highest share among the top three industries, reflecting growing investment in proactive security validation among industrial organisations.

In contrast, the IT sector shows a markedly different pattern. With 41% of incidents attributed to human-driven APT attacks, the highest rate across all sectors, IT organisations are clearly a priority target for sophisticated threat actors seeking to exploit trusted relationships and scale their impact through supply chains.

APT traces, which are artifacts from previous advanced persistent threat activity, were identified in an additional 17% of cases, while social engineering accounted for 11%. In contrast, red teaming represents only 9% of IT incidents, suggesting that proactive security testing remains underutilised relative to the sector’s actual threat exposure.

Interestingly, the finance sector was displaced from the top three targeted industries. According to the report, red teaming in this sector accounts for 36,1% of incidents, reflecting a mature, compliance-driven approach to proactive defence, while confirmed APT activity remains comparatively low at 11,5%.

This pattern indicates that sustained investment in security assessment can effectively enhance a company’s ability to identify vulnerabilities early, avoiding costly breaches and reducing the risk of significant damage to reputation and operations.

“Government, industrial and IT organisations consistently attract sophisticated adversaries because of the strategic value of what they hold, operate and connect to geopolitical intelligence, critical infrastructure and global supply chains respectively. The 2025 data confirms that these attacks are not opportunistic: they are targeted and often aimed at establishing persistent access.

Each of these sectors needs to operate on the assumption that determined attackers will find a way in, and focus their defences on early detection, rapid containment and minimising the window of exposure. So, proactive threat hunting, continuous monitoring and regular compromise assessments are no longer optional for organisations of any size across these industries,” comments Sergey Soldatov, Head of Security Operations at Kaspersky.

 


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FCCPC Licenses 5 Firms for Airtime, Data Lending as Telcos Step Aside

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Federal Competition and Consumer Protection Commission (FCCPC) has approved five companies to provide airtime and data lending services in Nigeria, following the suspension of such services by mobile network operators (MNOs).

FCCPC Licenses 5 Firms for Airtime, Data Lending as Telcos Step Aside

FCCPC

The affected telecom operators, including MTN Nigeria and Airtel Nigeria, had announced the temporary halt of their airtime and data credit services in compliance with new regulatory requirements.

Checks indicate that Globacom and 9mobile (formerly Etisalat Nigeria) have also suspended the services, making it a sector-wide decision among telecom operators.

In a statement, the Federal Competition and Consumer Protection Commission said the newly approved firms include Total Tim Nigeria Ltd., Rane Interactive Medien CLS Ltd., Mode NG Applications Ltd., Cloud Interactive Associate Ltd., and Coverage Broadband Ltd.

The commission said the companies met all requirements under the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025.

It explained that the regulation aims to ensure fairness, transparency, and improved consumer protection within Nigeria’s digital lending ecosystem.

Speaking on the development, Ondaje Ijagwu, Director of Corporate Affairs at the Nigeria Data Protection Commission, said some telecom operators had engaged in exclusionary arrangements in violation of existing laws.

He noted that the framework was introduced to open up the market to both local and international participants in line with free market principles.

Ijagwu added that telecom operators were initially given a 90-day compliance window from July 2025, which was later extended to Jan. 5, 2026, but the required adjustments were not completed within the stipulated period.

A telecom official, who spoke on condition of anonymity, said the new regulatory demands added to existing oversight by the Nigerian Communications Commission, thereby creating multiple layers of compliance for operators.

“Telcos are enablers of other sectors and already fully regulated. Additional compliance requirements from different regulators can be distracting,” the source said.

The official added that operators had opted to step aside temporarily while observing developments, noting that some revenue loss would occur as a result of the suspension.

He, however, said telecom companies would still play a role by supplying airtime to the licensed lenders through commercial agreements.

Meanwhile, subscribers have expressed concern over the suspension of the services, particularly those who rely on airtime borrowing during emergencies.

Some users said the popular USSD code *303# is no longer providing the relief it once offered, describing the development as a setback for many Nigerians facing financial constraints.

Ravenewsonline reports that the FCCPC had earlier set Oct. 31, 2025, as the deadline for digital lenders to register or face sanctions, including a fine of N100 million.

The deadline was later extended to Jan. 5, 2026, to allow for full compliance across the sector.


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4 Nigerian Startups Selected to Join Milestone 10th Google for Startups Accelerator Africa Cohort

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Four Nigerian technology startups – Bani, MasteryHive AI, Regxta, Termii – have been selected to join the 10th cohort of the Google for Startups Accelerator Africa.

4 Nigerian Startups Selected to Join Milestone 10th Google for Startups Accelerator Africa Cohort

Chosen from an exceptionally competitive pool of nearly 2,600 applications, these innovators are part of a final pan-African group of 15 companies. With an acceptance rate of less than 1%, their selection highlights the immense technical talent and resilience emerging from Nigeria’s digital ecosystem.

The selected Nigerian startups are utilizing Artificial Intelligence to address critical local and regional challenges:

Bani : A cross-border payments infrastructure platform eliminating settlement delays for African businesses trading globally.

MasteryHive AI : An AI-native platform automating transaction reconciliation, fraud detection, and AML monitoring.

Regxta : Combines alternative data-driven credit scoring with a hybrid digital-agent distribution model to deliver financial products to unbanked micro businesses.

Termii : An AI-native communications infrastructure platform ensuring reliable financial messaging for banks and fintechs.

African tech founders are actively solving fundamental infrastructural challenges, bridging gaps in financial inclusion, healthcare, and supply chains with complex AI. The continent’s venture ecosystem showed remarkable resilience by raising $3.9 billion in 2025. However, scaling deep-tech solutions requires specialized technical infrastructure, advanced cloud capabilities, and strategic mentorship to complement this capital. Accelerator programs provide these exact tools, ensuring local innovations can sustainably grow into businesses that power the continent’s digital economy.

Gbolade Emmanuel, CEO of Nigeria-based Termii, noted: “At Termii, we’re building AI-powered infrastructure that ensures financial transactions don’t fail, from login PINs to payment OTPs and fraud alerts. The Google Startup Accelerator is helping us accelerate our AI roadmap and scale globally, and even in the first week, access to technical support and insights has been incredibly valuable for our next phase of growth.”

“We are absolutely thrilled to welcome these exceptional founders into Class 10,” said Folarin Aiyegbusi, Head of Startup Ecosystem, Africa. “African startups are driving essential economic growth and social development. Our role is to serve as a supportive partner, providing these developers and founders with the technical infrastructure, mentorship, and global network they need to scale their solutions and amplify their real-world impact.”

Running from April 13th to June 19th, 2026, the hybrid program will provide the 15 startups with dedicated guidance from experienced mentors and industry experts, alongside hands-on technical workshops focused on AI and machine learning.

Since launching in 2018, the Google for Startups Accelerator Africa program has supported 106 startups from 17 African countries, empowering them to collectively raise over $263 million and create more than 2,800 jobs.

For more information on the full list of 15 startups participating in Class 10, please visit the Google Africa Blog at https://blog.google/intl/en-africa/company-news/meet-the-15-startups-joining-the-google-for-startups-accelerator-africa-class-10/.


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