Connect with us

Telecom

Africa Loses $4Bn to Mobile Fraud Annually- Report

Published

on

Kindly share this post

Mobile fraud is estimated to cost Africans $4 billion every year; Kenya, South Africa, and Cameroon top the list of countries where this type of harm is most prevalent.

Africa Loses $4Bn to Mobile Fraud Annually- Report

The use of digital finance has demonstrably bolstered individuals’ resilience against shocks and increased access to channels for savings and credit.

But by entering the digital finance system, individuals put themselves at risk of abuse and malicious exploitation.

In many countries, the costs of fraud in DFS are borne not just by the financial institutions but also by individuals.

In Nigeria, where over 40 million people live in rural areas without basic banking services, POS merchants can be critical enablers to increase access to finance because they reach areas traditional banks often do not.

But by using this POS terminal to participate in the digital economy, Aaliyah had put herself at risk. Her bank didn’t suffer the loss—she did.

While the theft of a relatively small sum might seem inconsequential, for those living in poverty, this consequence of digital financial inclusion can be ruinous.

For instance, Aaliyah, a customer in Nigeria, used a poorly protected point-of-sale (POS) terminal, which led to a fraudulent deduction that depleted her savings account.

These harms affect all users, but they are especially devastating for vulnerable or marginalized groups. Although the fraction of losses borne by vulnerable individuals is small compared to institution-scale security breaches, the impact of losing a day’s or week’s wages is anything but small for an individual who lives day-to-day.

In Kenya, for example, a consumer protection study found that it was not uncommon for DFS fraud to be perceived as causing significant losses, frequently surpassing a day’s wages.

In Uganda, low-income women and those living in rural communities were found to be most impacted by risks arising from DFS.

Challenges faced by many marginalized groups—such as lower levels of digital financial skills and literacy or less agency to seek redress when harms occur—contribute to their disproportionate burden.

Marginalised groups are not only impacted differently by DFS-borne harm; they are also increasingly targeted for online fraud and financial abuse or exploitation.

Digital technology multiplies the attack surface available to malicious actors, making so-called smaller-scale criminal activity more lucrative. Consequently, this type of fraud has grown significantly in recent years.

For hundreds of millions of people across the African continent, the capacity to rebound from attacks and continue to safely participate in the digital economy is crucial.

Digital technologies can improve individuals’ access to critical services and their ability to maintain their livelihood. These technologies can also help individuals rebound from environmental stressors or humanitarian disasters. As such, maintaining the cybersecurity and cyber resilience of those engaging with the digital economy must be at the forefront of the development agenda.

In Ghana, the public lacked sufficient awareness of how a new tax on electronic financial transactions, known as the e-levy, would be collected. Criminals exploited these widespread misunderstandings to convince customers to hand over account information to address fraudulent “tax” charges.

 

 

 

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

Telecom

Uwaje Pays Tribute to Leo Stan Ekeh @70

Published

on

Kindly share this post

Renowned digital innovation expert, Prof. Chris Uwaje, has celebrated Leo Stan Ekeh as a visionary “digital anticipator” and pioneer on the occasion of his 70th birthday.

Uwaje Pays Tribute to Leo Stan Ekeh @70

Leo Stan Ekeh

In a heartfelt tribute, Uwaje hailed Ekeh as the “Saint Leo of all Stars from the Ekeh Universe,” saluting his masterclass contributions to human innovation, development, and global youth empowerment.

Visionary Impact on Africa, World

Uwaje praised Ekeh’s foresight, emotional intelligence, and resilience in transforming digital entrepreneurship, creating millions of jobs, billions in economic value, and expanded education access worldwide.

The encomium spotlighted Ekeh’s trailblazing solutions driving sustainable development, employment, and economic growth across Africa and beyond.

“Your legacy continues to shape a brighter future,” Uwaje noted, adding that Ekeh’s “extraordinary best is yet to come” as the “Field-Marshall of ANTICIPATORS.”

Cheers to More Foresighted Legacy

Uwaje declared: “From the gaze into the digital cloud: ‘the world ain’t seen nothing yet’!” while toasting Ekeh as the “true digital Conqueror of Africa and the world.”

The tribute underscores Ekeh’s enduring influence in digital disruption, innovation, and youth-focused initiatives that continue to inspire global progress.


Kindly share this post
Continue Reading

Telecom

IXPN Positions as the Regional Internet Exchange Hub for West Africa

Published

on

L-r: Charles Nmeregini, Business Development Manager at Internet Exchange Point of Nigeria (IXPN); Chidi Ibisi, Executive Director at Broadband Network, Ikechukwu Nnamani, CEO of Digital Realty; Muhammed Rudman, CEO of Internet Exchange Point of Nigeria (IXPN; Yen Choi, Board Member of Internet Exchange Point of Nigeria (IXPN), Aminu Tijjani, Board Member of Internet Exchange Point of Nigeria (IXPN) and Krishnan Ranganath, Regional Executive – West Africa at Africa Data Centre during this year’s Internet Exchange Point of Nigeria (IXPN’s Members Engagement Forum in Lagos on Thursday.
Kindly share this post

Internet Exchange Point of Nigeria is positioning as a regional Internet Exchange hub for West Africa in terms of infrastructure and traffic. Muhammed Rudman, chief executive officer, IXPN, stated this at its 2026 members engagement forum held in Lagos. He noted some of the major milestone IXPN achieved last year to include one terabit of traffic recorded in March 2025.

“At that time, we became the 63rd internet exchange point in the world. Among all the exchanges in Europe and America and in the entire world, we become the number 63 in the world. To achieve that one terabit of traffic. Again, we were able to achieve two terabits of traffic within seven, eight months of the year.

“We achieve this by ensuring that we push for members to upgrade, those that were on 1 Gig to 10 Gig, those on 10 Gig to 100 Gig. We had a strategic infrastructure upgrade across our networks, put 400 Gig enable switches, increase our fiber links to all the data centers and we onboarded 17 new members last year. All the trainings and the operational excellence ensured that our network is up and running 24/7,” he said.

Industry Impact

The impact of that one terabit traffic is data sovereignty. “We were able to domesticate. Based on the survey we conducted, 54% of our members said that they are exchanging 50% of their traffic and above locally, which is really, significant one.

“We are also setting up a benchmark for other African IXPs. I can assure you that in all the community driven internet exchange points in Africa, we are the number one. There’s a community driven internet exchange point in South Africa that was established 10 years before IXPN. There is one in Kenya that was established 6 years before IXPN, but we are way ahead of them when it comes to internet traffic.

“We are also promoting intra African connectivity. As at today, we have customers from Niger, from, Burkina Faso, trying to reach to Nigeria. Recently, we onboarded a very large company in Ivory Coast, to connect to Nigeria.

“Gradually, Nigeria is tilting towards becoming the regional hub for West Africa, where you see Internet Service Providers coming to achieve that. And in terms of the traffic, in 2015 we were at four Gigabits per second. It moves to 21 in 2017 and 52 gigabits per second.

“But by the year 2023 it has reached 540 gigabits. By 2024 we have reached 900 gigabits. But by the end of 2025 we have achieved the two terabits of traffic”.

Network Infrastructure Development

Some of the technical feet IXPN achieved includes, deployment of sFlow; which is a peer to peer traffic analysis. “We’re able to see what members are exchanging between themselves and between the data centers, not the actual content or information, but rather the volume of traffic, and also between our data centers. And based on this, we’re able to do the upgrades.

“We did a multiple link upgrades from 300 Gigabits last year from Digital Realty to Equinix. It was 300 Gig as at the end of 2024, and by 2025, we’ve increased that to 500 gigabits per second. Digital Realty to Rack Center, it was 200 Gigabits per second. We also upgraded that to 500 Gigabits per second.

Open Access Data Centre to Equinix. We’ve upgraded from 20 Gigabits per second to 200 Gigabits per second. We always monitor the ports, and based on that, we increase immediately we reach the threshold of 80%.

“We did an upgrade on the IXP manager. This allows each member to have a login portal to see the traffic they are exchanging and other details, the port as well as to do their own configuration,” he added.

Technical Project Milestones

Microsoft connected cache. “We deployed Microsoft content cache and that has been deployed in Lagos. It was 25 Gigabits per second as of 2024 by 2025 we had to upgrade the infrastructure to 75 Gigabits per second servers, that will be able to accommodate all the Microsoft updates they are doing, exports, download and among others.

“This is part of the content that Microsoft is not providing locally, but we got those servers deployed, and our intention is by next year to see how we can replicate this across the country. Last year, we also deployed the same server in Abuja so that the Abuja people and the Kano people can reach that content without coming back to Lagos.

The Google Global Cache (GGC); “We are hosting all these at IXPN. We also upgraded from 53 Gigabits per second servers in 2024 to 153 Gigabits per second. And this is a huge traffic of YouTube. And as we speak, we are also working towards upgrading those servers,” he explained.

Strategic Partnerships

“We signed an MoU last year between us and an IXP in Senegal, when we went for West African peering forum. A lot of African ISPs are looking to us to see how we can guide them and support them.

“For example, internet exchange point from Gabon, internet exchange point from Rwanda and ISPs in Africa are looking at us as a model to copy, and we tend to support them. We also had a strategic partnership with CIRA, the Canada Internet Registry Association, which is similar to Nira, the Nigerian Internet Registration Association, to have their secondary authoritative servers into Nigeria as an anycast instance. And when they are hosting that, they are hosting other top-level domains as well, like alibaba.info.org.ca, are also hosted with us.

“Since they launched last year, we have seen a traffic of over 1000 DNS responses per second. Presently, there are 13 global root servers in the world, and those 13 servers are the ones that translate your IP address into a domain name. Any website you browse, you put a domain name, it translates into an IP address and its chain of referrals, Nigeria has.ng as a country, called Top Level Domain”.

Earlier in his welcome address, Charles Nmeregini, Business Development Manager, IXPN, said that the members engagement forum is more than an annual country. “Today, we pause to celebrate the milestone, the milestone that we have reached together, the milestone that have bolstered our local traffic exchange, reduce latency and significantly lower the cost of Internet access across the nations and beyond.

“However, today is equally about the horizon. It is a strategic moment as we unveil our 2026 service road map, a forward-looking rubbing designed to deepen interconnection, enhance service delivery and unlock new value across the ecosystem. In an era defined by rapid technological shift, standing still is not an option.

“This forum will spotlight exclusive, strategic business opportunities, new avenues for growth, enhanced pairing capabilities and innovative service model tailored to give your organization a competitive edge. We are not just exchanging data, we are exchanging ideas that will drive the next wave of Nigeria digital economy,” he added.


Kindly share this post
Continue Reading

Telecom

Menxtt NG Emerges as Nigeria’s Virtual IT Hub for Premium Devices, Solutions

Published

on

Kindly share this post

In today’s rapidly evolving digital landscape, having a trusted and reputable IT partner is no longer optional—it’s essential. Consumers and businesses alike face numerous challenges: buying smartphones, tablets, and laptops that are substandard or incompatible, worrying about device security, and struggling with costly repairs when gadgets break down.

Menxtt NG Emerges as Nigeria’s Virtual IT Hub for Premium Devices, Solutions

Menxtt NG

This is where Menxtt NG stands out as a true industry leader, providing EU-specification devices, nationwide service, and unmatched support across Nigeria.

As an official BitDefender reseller, Menxtt NG ensures that every device comes fortified with premium cybersecurity solutions. This addresses one of the biggest issues consumers face today: digital threats. With Menxtt NG, customers don’t just get a gadget—they get peace of mind knowing their data and devices are protected.

Beyond security, the company solves a critical problem in tech ownership: the lack of reliable warranties and repair services. Many users find themselves forced to buy new devices due to broken phones, laptops, or tablets.

Menxtt NG addresses this by offering repair services for all major gadgets, saving customers significant money while extending the life of their devices. And for new devices, they provide fully tested EU-spec phones, laptops, and tablets with a 6-month warranty, ensuring both performance and durability.

Accessibility is another barrier Menxtt NG tackles head-on. With free nationwide delivery and a free charging cord included with purchases, they make premium technology available across Nigeria.

Their presence in Ola Ayeni Street, Computer Village, Ikeja, combined with easy contact via 08115919964, 08140902614, 0802 061 1299, 0802 893 1940, +234 916 642 2759, as well as online support at www.menxtt.com.ng and [email protected], ensures convenience for every customer.

Anthony Nwosu, CEO of Menxtt NG, highlights the company’s mission: to deliver top-quality, secure, and durable devices while providing accessible repair and support services.

This comprehensive approach addresses all the pain points consumers face—device quality, security, warranty, and after-sales care—making Menxtt NG more than just a retailer; it’s a reliable IT partner.

In a market flooded with subpar devices and unreliable service, Menxtt NG proves that choosing a reputable IT plug is crucial. With EU-spec devices, nationwide delivery, genuine warranties, and expert repair services, Menxtt NG doesn’t just sell technology—they empower customers to enjoy, protect, and maximize the life of their devices.


Kindly share this post
Continue Reading

Trending