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ActivEdge Partners Riverbank Solutions to Deliver Electronic Journal Manager

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George Agu, MD,  ActivEdge Technologies Limited
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ActivEdge Technologies Limited, one of the fastest growing Pan African Information Technology Company has teamed up with its Kenyan partner, Riverbank Solution to build a multiplatform Electronic Journal Management Software, the first of its kind in Africa.

This strategic move is geared towards empowering banks in Africa to seamlessly collect and manage the Electronic Journal records of ATMs deployed in its network into a central pool for onward use by banks for other processes especially reconciliation of transaction.  

Banks in Africa face enormous reconciliation challenges and most are running with imbalanced books that run into millions of US dollars posing huge threat to survival of the banks, accuracy of records and payment of claims to customers who suffer ATM Dispense errors.

Following recent implementation of Transaction Lifecycle Management System to some of its client banks, ActivEgde Technologies found a gap in effectively managing this aspect of data for effective ATM reconciliation.

This motivated us to commence a research in conjunction with our Kenyan partners – Riverbank solution towards ensuring that banks desiring to accurately reconcile ATM transactions can seamlessly pick EJs from ATMs in their network to perform near online real-time data reconciliation and manage claims in the event of ATM dispense errors without impeding the performance of ATM network.

This gave rise to creation of experienced team of developers who have deep understanding of the local challenges especially in Nigeria and Kenya and are able to address the variety of challenges faced by the banks in these countries.

According to Nicholas Mwendwa CEO of Riverbank, “this success will come as a huge relief to banks in Africa who have immense need for accurate and near real-time reconciliation. In the near future, this solution will also be perfected for movement of recorded videos files in the ATMs at off peak hours to help banks monitor and attend to incidences in ATMs. We are very excited at the interest that this development has generated in a very short time by banks in Nigeria, Ghana, Uganda and Kenya who are in a hurry to have these challenges behind them. Our target is to have this solution deployed in as many as 50,000 ATMs between now and the end of 2015”

Speaking at the product lunch ceremony, Emmanuel Kalu who is the chief technology officer of ActivEdge Technologies commended the spirit of collaboration by Activdge Technologies and Riverbank as well as the cooperation of other stakeholders especially some banks in West and East Africa who volunteered information about their challenges and allowed use of their operating environment for effective testing of the solution.

He believes that the cross pollination of ideas between the developers and ex-bankers from the two regions who worked on this project enabled the team to have a very wide perspective of the common challenges faced by banks and how best to address them.

Emmanuel further said “This is the first time that I have seen two independent companies from two separate regions share codes and collaborate to build an application based on local knowledge and elaborate customer feedbacks. It took us about 3 months to both architect and deliver the product which is now GA (generally available) and I am very happy that we have a product that can address the ever lingering challenges of EJ management and ATM transaction reconciliation.”

Electronic Journal Manager – EJ Manager is a scheduled web service that streamlines the collection and management of Electronic Journals of ATMs of Banks in a centralized manner. 

Banks need solutions that can help them ensure that all transactional data from ATMs are fully collected into a central pool. Apart from collecting these journals from ATMs, the system also has the capability to inform banks of ATMs who may not have submitted their EJs as well as those who may have network issues. With this data available in a centralized location, banks can now carry out other processes ranging from reconciliation, ATM monitoring, etc.


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E-Business

MyLagos App Unavailable despite Launch with Fanfare

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“MyLagos App,” which was launched with fanfare by the Lagos State Government in collaboration with MTN Nigeria has remained  unavailable for download on app stores, raising questions about its immediate accessibility.

MyLagos App Unavailable despite Launch with Fanfare

Hours after its official introduction on March 13, a search on Google PlayStore for the app returned the message, “No results for MyLagos App.”

Similarly, attempts to locate it on the Apple Store yielded no results, prompting concerns over the rollout’s status.

The digital platform was introduced as a comprehensive solution to enhance city navigation and improve the overall experience for Lagos residents.

It was touted to provide essential features, including real-time traffic updates, personalized navigation, emergency services, utility payments, business listings, and tourism information.

This reporter’s attempt to download the app proved unsuccessful. Furthermore, tests by Lagos-based individuals mirrored these findings, suggesting the app may not yet be publicly accessible.

The absence of the app has sparked speculation: could it be a work in progress, or was its availability restricted post-launch for undisclosed reasons?

Dr. Obafemi Hamzat, Lagos State Deputy Governor, described the app as a revolutionary tool aimed at improving governance and service delivery.

“Technology has evolved from being a luxury to a necessity. In our fast-paced world, effectively utilising technology can significantly enhance governance, improve service delivery, and simplify the lives of every resident in this vibrant state.

“With the launch of the MyLagos App, Lagos State is poised to remain at the forefront of digital transformation, not just in Nigeria but across Africa,” he said.

Abdulhakeem Giwa, manager of Digital Channel Management, MTN Nigeria, echoed this sentiment, highlighting the app’s potential to transform urban living and enhance navigation for residents.

While the app’s unavailability casts doubt on its immediate implementation, stakeholders remain optimistic about its promised benefits once fully operational. Whether technical challenges or strategic decisions have delayed its rollout remains unclear.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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Millions of Nigerians @ Risk as NASIMS Leaks over 23m FG Records

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National Social Investment Management System (NASIMS) has leaked millions of federal government records in a major system oversight  which could be exploited by cyber criminals.

Millions of Nigerians @ Risk as NASIMS Leaks over 23m FG Records

NASIMS is the central management platform for the administration and coordination of Social Investment Programmes under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development

The major leak exposed everything from home addresses to work backgrounds of  tens of millions of Nigerians

According to the Cybernews research team, the exposed AWS S3 bucket stored over 23 million files, including passports, birth certificates, educational certificates, and N-Power-submitted applications.

N-Power is a social welfare scheme to combat youth unemployment. N-Power applicants use the NASIMS platform to apply to take part in the program.

“The implications of exposing 23 million application-related documents of N-Power candidates could be severe for the affected individuals. Identity theft, fraud, and targeted phishing attacks are the most likely risks for the leaks’ victims,” Cybernews research team said.

According to Cybernews research team, “Worryingly, the instance remains open to the public, even after multiple attempts to reach NASIMS administrators and relevant authorities in Nigeria. We have also reached out to the ministry behind NASIMS for a comment and will update the article once we receive a reply”

What data leaked, and why is it dangerous?

Documents stored on the exposed instance include different sets of citizens’ data. However, the team surmised that the leak revealed:

Full names

Dates of birth

Places of birth

National Identification Number (NIN)

Email addresses

Phone numbers

Home addresses

Work background

Education background

Exposing sensitive and personal data poses numerous threats to the individuals involved.

Most pressingly, attackers might utilize the information for identity theft and various fraud schemes. For one, malicious actors could try opening fraudulent bank accounts or use stolen identities for illicit activities, masking their own IDs.

“Another way attackers can exploit similar data sets is by exploiting the identities to access financial services or execute unauthorized transactions, potentially causing long-term financial damage to the victims,” Cybernews research team said.

Cybercrooks could also exploit the leak to carry out targeted phishing and social engineering attacks.

For example, malicious actors could attempt to masquerade as legitimate organizations in order to deceive individuals into providing even more sensitive data – such as login credentials – or downloading malware.

“The implications of exposing 23 million application-related documents of N-Power candidates could be severe for the affected individuals. Identity theft, fraud, and targeted phishing attacks are the most likely risks for the leaks’ victims.”

The leaks’ nature empowers attackers to craft spear-phishing attacks custom-made for each individual or group of individuals. Such attacks are hard to distinguish, as they often include targets’ personal details and other data points meant to lure in unsuspecting victims.

 

“Criminals could use the exposed data to offer fake job opportunities or promise assistance with the N-Power application process in exchange for payments or additional personal information, exploiting the candidates’ vulnerabilities,” the team explained.

Additional attack vectors involve risks to victims’ physical safety. For example, criminals could exploit leaked data to locate and target victims for various malicious purposes, such as stalking, harassment, or even burglary.

To avoid similar leaks in the future, Cybernews research team advised:

Change the access controls to restrict public access and secure the bucket. Update permissions to ensure that only authorized users or services have the necessary access.

Monitor retrospectively access logs to assess whether the bucket has been accessed by unauthorized actors.

Enable server-side encryption to protect data at rest.

Use AWS Key Management Service (KMS) to manage encryption keys securely.

Implement SSL/TLS for data in transit to ensure secure communication.

Consider implementing security’s best practices, such as regular audits, automated security checks, and employee training.

 

 

 

 

 

 

 

 

 

 

 

 


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MTN, Lagos State Launch ‘MyLagosApp’ to Enhance Productivity, Connectivity

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MTN Group, in collaboration with the Lagos State Government (LASG), has launched MyLagosApp, an innovative mobile application designed to improve productivity, enhance connectivity, and transform the lifestyle of Lagos residents.

MTN, Lagos State Launch ‘MyLagosApp’ to Enhance Productivity, Connectivity

It also aims to provide a centralised digital hub for accessing essential services, fostering a more efficient and connected Lagos.

Speaking at the official inauguration in Lagos, Karl Toriola, chief executive officer MTN Nigeria, described the app as a one-stop platform for information, services, entertainment, and hospitality.

He highlighted its role in facilitating e-governance and providing essential services to both residents and visitors.

“This app offers access to various services, including restaurant and accommodation reservations, transport options—both land and water—library access, and e-governance solutions. It is designed to simplify life for Lagosians while promoting efficiency and productivity,” Toriola said.

He emphasised that technological innovations like MyLagosApp drive economic growth by increasing productivity and improving societal well-being. He noted that Lagos, classified as a hyper-city with over 20 million residents, has the potential to become Africa’s most important city.

Toriola also revealed that Lagos State’s economy is larger than that of Kenya and reaffirmed MTN’s commitment to deepening investment in Nigeria. He disclosed plans to build a new headquarters in Eko Atlantic City and establish West Africa’s most advanced data centre, addressing the region’s need for large-scale tech infrastructure.

At a Fireside Chat, Oluwaseun Osiyemi, Lagos State Commissioner for Transport, noted that MyLagosApp would support the state’s multimodal transport policy, leveraging user data and feedback to enhance urban mobility.

Aisha Mumuni, chief digital officer, MTN, reiterated the company’s dedication to seamless connectivity despite power challenges, calling for increased collaboration to boost digital literacy.

Tokunbo Wahab, Commissioner for Environment and Water Resources, highlighted Lagos’ daily waste production of 13,000 tonnes and suggested that the app could aid waste management through advocacy, enforcement, and regulation.

 


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