E-Business
FG Launches Strategy to Combat Cyber Crimes
Federal government has expressed concern over the rising wave of the activities of cyber criminals, which is giving his administration some concerns.
President Muhammadu Buhari stated this at the launch of the National Cybersecurity Policy and Strategy 2021 in Abuja that the growth and development of the internet had caused a rise in the threats posed by cyber criminals, online financial fraudsters and cyber terrorists.
He added that like several other countries, the growth and development of the internet is accompanied by significant problems.
He said: “We are witnessing a rise in threats posed by cybercriminals, online financial fraudsters, and cyber terrorists who use the Internet to cause apprehension. We are also observing a surge in the use of the internet and social media for the propagation of hate speech, fake news and seditious messages, as well as the risks of breaches to personal information and government sensitive data. It is almost impossible to overstate the challenges.”
According to him, Nigeria is blessed with a young and vibrant population, which has the potential to exploit the benefits of the current internet revolution to enhance the nation’s economic progression and improve national security.
He stated that the country is also witnessing a rapid surge in its adoption of the internet and social media for almost all aspects of its daily life, adding that the internet or cyberspace is now central and indispensable to national development.
The president said it was because of the importance of the internet that his administration in the recent past had focused its efforts on several Information and Communications Technology (ICT)-driven initiatives.
He listed some of the ICT initiatives to include the National Broadband Plan (NBP) 2020 – 2025 launched in March 2020 to increase internet broadband penetration across Nigeria, the National Digital Economy Policy and Strategy 2020-2030, the National Identity Programme, Treasury Single Account (TSA), and Bank Verification Number (BVN).
Buhari explained that all the initiatives serve as enablers for tackling economic and security challenges facing the country while also providing it with the platform to improve accountability and transparency in the unwavering resolve to tackle corruption.
According to him, the federal government has been proactive, over the past years, in taking steps to ensure progressive use of the internet and cyberspace.
“In 2014, we developed our maiden National Cybersecurity Policy and Strategy to provide us with the necessary roadmap for the realisation of our national cybersecurity programme. This national effort paved the way for Nigeria to reach numerous cybersecurity milestones over the past six years,” he said.
Buhari added that the need to reposition the nation for enhanced engagement in cyberspace, informed the need to review the National Cybersecurity Policy and Strategy 2014 and develop a comprehensive National Cybersecurity Policy and Strategy 2021.
“The National Cybersecurity Policy and Strategy 2021 will provide us with the necessary platform to effectively confront the dynamic nature of threats in our cyberspace. The document will also provide the framework that would enable us to harness the efforts of our private sector, academia, and industry towards progressive economic and national development.
“To this end, the document will provide the platform for technical education, digital skills acquisition and indigenous technology production, thereby creating job opportunities for our youths and supporting our resolve to alleviate poverty and boost our economy,” he stated.
Buhari said the National Cybersecurity Policy and Strategy 2021 signified the rejuvenation and renewal of his promise and commitment to Nigeria’s national security and economic prosperity and it would ensure that his administration would prioritise Nigeria’s national cybersecurity programme, among other national exigencies.
He commended the efforts of Major General Babagana Monguno (rtd), National Security Adviser (NSA) and his staff as well as other stakeholders for “the remarkable work in developing the document and contributions towards strengthening the development of cybersecurity in Nigeria.”
He urged the NSA to continue to coordinate the efforts of all stakeholders to ensure that Nigeria’s internet and cyberspace are used for the enhancement of national security and economic progression.
Earlier in his remarks, the NSA had said that with the surge in digital transformation, the country’s cyberspace had become a centre-stage for governance, new business innovations, communications and social interactions.
Monguno said this trend had created an opportunity for Nigeria to redefine national objectives and address some of the major developmental challenges currently facing it.
According to him, the cyber revolution also creates the nexus for the country to effectively synchronise the efforts of security and law enforcement agencies towards curbing crime, irregular migration, human trafficking, and arms proliferation among others.
It will also help to improve road safety and border security and enhance ongoing anti-banditry, anti-militancy and counter-insurgency operations.
“Our country is now confronted with increasing threats of cyber attacks on critical national infrastructure, including our telecommunications systems, banking platforms, military networks, transportation systems, national databases, and other critical assets in the country.
“Furthermore, we are witnessing a rise in the spread of fake news and hate speech over the social media, as well as propagation of seditious messages by subversive elements looking to disrupt the unity and wellbeing of the country. Some of these threats were exemplified during the recent events of October of last year.
“We are also currently seeing an escalation in online financial scams and fraud perpetrated by some nefarious individuals and groups within and outside the country which is persistently denting our international image.
“These issues brought to fore the dire need to develop proactive measures to enhance the security of our cyberspace,” he said.
Monguno said the new National Cybersecurity Policy and Strategy 2021 would “address the nation’s cybersecurity challenges, boost readiness for global cybersecurity collaborations, enhance national digital economic competitiveness, improve indigenous technology development, safeguard our critical national infrastructure, and ensure the protection of our cyberspace from cyber attacks, online fraud and other related illicit activities, including fake news and hate speech.”
Pan-African digital rights organisation Paradigm Initiative (PIN) has warned that violent extremist groups are increasingly exploiting digital platforms to recruit, radicalise and manipulate young people across the Sahel region.
The organisation raised the concern in a new policy brief titled “Digital Frontlines: Countering Online Radicalisation and Violent Extremist Narratives in the Sahel.”
According to the publication, extremist groups are shifting from traditional recruitment methods to digital platforms, including social media, encrypted messaging applications, short-form video platforms and online financial incentives, to target vulnerable populations.
PIN noted that unemployed youths and people facing insecurity and limited economic opportunities are particularly susceptible to online recruitment campaigns.
The organisation said that although governments have intensified efforts to combat violent extremism, responses to the digital dimension of the threat have failed to keep pace with rapidly evolving online tactics.
It argued that addressing online radicalisation requires more than surveillance and restrictive measures, recommending investments in digital literacy, stronger community resilience, improved early-warning systems and credible counter-narratives.
PIN also urged governments to work closely with technology companies and civil society organisations to disrupt extremist recruitment while protecting citizens’ digital rights.
The report further highlighted the growing convergence between organised crime and violent extremist groups, noting that online propaganda increasingly promises financial rewards, belonging and purpose to vulnerable young people.
According to the organisation, this trend underscores the need for policymakers to prioritise prevention alongside conventional security responses.
Speaking on the findings, Moussa Waly SENE, Programmes Officer for Francophone Africa at Paradigm Initiative, described the digital space as a new frontline in the fight against violent extremism.
“As more young Africans come online, stakeholders must ensure that digital platforms remain spaces for opportunity, innovation and civic participation, not recruitment grounds for violent extremist groups. Protecting digital rights and protecting vulnerable communities should be mutually reinforcing objectives,” he said.
Among its recommendations, the policy brief called for stronger regional cooperation to tackle cross-border online extremist networks, rights-respecting content moderation and greater accountability by digital platforms.
It also advocated expanded digital literacy programmes to strengthen resilience against online manipulation and community-led initiatives that empower young people to identify and reject extremist narratives.
The organisation further urged policymakers to develop security measures that balance national security objectives with the protection of privacy, freedom of expression and access to information.
E-Business
Kaspersky Reveals a New Malicious Framework Targeting Cryptocurrency Users with the Use of OkoSpyware
At its recent annual Cyber Security Weekend for the Middle East, Turkiye and Africa (META) region, Kaspersky Global Research and Analysis Team (GReAT) shared insights about the new OkoBot campaign targeting cryptocurrency users.
The new sophisticated framework employs TookPS to exfiltrate seed phrases and uses a new OkoSpyware module to monitor Chromium-based browsers and deploy various malware strains, including the Rilide stealer.
It has already targeted hundreds of victims across over 25 countries, with the highest number of affected end users recorded in Brazil, Vietnam, Canada, Mexico and Turkiye. According to Kaspersky experts, the threat remains active and primarily poses a risk to cryptocurrency users.
In January 2026, experts from the Kaspersky Global Research and Analysis Team (GReAT) identified multiple attacks involving a previously unknown malware capable of capturing the contents of cryptocurrency wallet windows. Dubbed Okobot, the new sophisticated malware framework comprises more than 20 malicious payloads and implants designed to perform a wide range of functions, including collecting local files, executing remote commands, downloading arbitrary browser extensions, stealing cryptocurrency wallets, harvesting seed phrases and credentials, recording video and carrying out other malicious activities.
One of the new implants used in the campaign is a loader that modifies browser memory to load and hide malicious extensions. OkoBot also includes a new OkoSpyware module, which captures keystrokes and the video stream of a target application’s window.
Currently available information does not allow the campaign to be attributed to any known crimeware actor with high confidence. However, the techniques and infostealer involved are widely used by Russian-speaking threat actors, and technical analysis has also revealed code artifacts in Russian.
The initial infection typically occurs through two main vectors: ClickFix attacks, in which threat actors use social engineering to trick users into running malicious code, and malware distributed via GitHub under the guise of legitimate software. During the investigation, researchers identified one such case involving a fake installer for SQL Server Management Studio (SSMS), a widely used Microsoft database management tool.
The malicious framework includes SeedHunter, a malware component that monitors active system processes and injects an implant into Trezor Suite, Ledger Wallet, and Ledger Live, – official applications used to manage cryptocurrency assets. When it detects a connected Trezor or Ledger hardware wallet, it triggers the hooked functions to display a hard-coded phishing page aimed at stealing the user’s seed phrase, using a distinct layout for each wallet type.
“The OkoBot campaign has been active for more than a year and remained ongoing as of July 2026. The observed infection vectors strongly suggest that developers are among its primary targets. Of particular concern is the malware’s continued evolution, which indicates that the framework is being actively maintained. As distribution efforts persist, the campaign has the potential to reach more users and expand into additional countries in the near term,” says Dmitry Galov, Head of the Russia and CIS unit at Kaspersky Global Research and Analysis Team.
Afri Invoice, one of Nigeria’s leading accredited e-invoicing service providers, has announced plans to recruit more than 100 professionals nationwide to strengthen support for the Nigeria Revenue Service’s (NRS) mandatory e-invoicing compliance programme.
The recruitment campaign, is aimed at expanding the company’s workforce to meet the growing demand for digital tax infrastructure and help businesses transition smoothly to the country’s evolving e-invoicing regime.
According to the company, the new positions will be spread across Nigeria’s six geopolitical zones to ensure businesses receive timely, localised support as they adapt to the new tax compliance framework.
The vacancies cut across several key departments, including Information Technology (IT), Marketing and Digital Marketing, Audit, Legal, Human Resources and multi-site office operations.
Afri Invoice said applicants are expected to possess relevant professional experience, particularly in managing operations across multiple locations and supporting organisational growth.
The company explained that the latest recruitment drive builds on a similar exercise conducted last year, which significantly expanded its operational reach and increased its capacity to onboard clients nationwide.
With the NRS intensifying the implementation of mandatory e-invoicing, Afri Invoice said it is investing in additional manpower to ensure uninterrupted service delivery, efficient client onboarding and expert technical support for businesses of all sizes.
Speaking on the expansion, the Founder and Chief Executive Officer of Afri Invoice, Mark Odenore, said the company remains committed to helping Nigerian businesses comply with the new tax regulations through innovative technology and professional support.
“As the national drive toward comprehensive e-invoicing gathers momentum under the Nigeria Revenue Service, our mission is to ensure that Nigerian businesses have a reliable, accredited partner to navigate this transition effortlessly,” Odenore said.
He added that recruiting more than 100 professionals across the country’s geopolitical zones would significantly strengthen the company’s ability to provide quality technology solutions and customer support nationwide.
Interested and qualified candidates have been encouraged to submit their applications through Afri Invoice’s official careers portal.
Afri Invoice is an accredited e-invoicing service provider that offers digital solutions designed to simplify financial processes, improve tax transparency and support businesses in complying with national tax regulations while enhancing supply chain and financial management.
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