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APBN Bemoans Eleven Months Instability in Nation’s Policy Direction

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(L-r): Dr. Omede Idris, first deputy president; Foluso Fasoto, president/chairman of Council/board, Association of Professional Bodies of Nigeria (APBN) and Professor Adesola Aderounmu, president of the Nigeria Computer Society (NCS), during APBN’s meeting hosted by NCS in Lagos on Tuesday.
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The Association of Professional Bodies of Nigeria (APBN) has lamented against what it called 11 months of instability in policy direction of the economy as most of the policy makers, since January, 2015 were either on the field campaigning for electorates’ votes or awaiting Presidential appointments.

Speaking to journalists during the Associations’ meeting held at the Nigeria Computer Society (NCS) national secretariat in Lagos, Foluso Fasoto, president/chairman of Council/board, Association of Professional Bodies of Nigeria (APBN), said that Professional Bodies in the country believe it is high time those in Government ditched the attitude of politicking with the management of the country’s economy.

APBN is the umbrella body of government recognized professional Associations in Nigeria set up to speak with one voice on behalf of its Member-bodies while at the same time gives professional advice to Government on matters affecting the professionals and their practices.

Fasoto said that the Association has been following recent events in the country, especially after four months of playing waiting game, the list of ministerial nominees was eventually submitted to the National Assembly which confirmed the appointments of all the nominees. “They were eventually sworn in last month and most of them are about now settling down to business. In essence, the year 2015 witnessed almost eleven (11) months of instability in policy direction of the economy as most of the policy makers, since January, 2015, were either on the field campaigning for electorates’ votes or awaiting Presidential appointments. Nevertheless, we thank God that the economy is now being expected to take shape”.

Treasury Single Account
The Association extolled the Federal Government for summoning courage and directed all the government Ministries, Departments and Agencies (MDAs) to close the multiple accounts already opened with Commercial Banks for their various operations and maintain the designated Treasury Single Account with the Central Bank of Nigeria (CBN).

“This is a welcome development as the resultant effect has shown that the Federal Government is tremendously more liquid than earlier imagined. We however want to quickly caution that while the Government savors the positive result of this directives, the long-run adverse effect of it should equally be given prompt attention so as not to stifle the economy during any emergency,” he said.

Nigerian Economy
Fasoto said it is no longer news that Nigerian economy rely majorly on oil, but despite the oil glut in the recent past, there has not been appreciable breakthrough visible to ordinary Nigerians towards diversifying the economy.

“Our country is endowed with all the resources to be among the first world but for the effective and efficient management of this resources. That is why our governments at all levels cannot ignore the active participation of our members (the professionals) in the governance. Enough of politicking with the management of the country’s economy.

“There is need for setting proper objective for Nigerian economy – where do we want to be in say, 20 years’ time? Do we aspire to remain a developing country “until kingdom come” or we hope to join the league of the first world in say, 15 years’ time? There is need for this objective to be well defined by the Federal Government and widely communicated to all citizens. This will eliminate policy somersault syndrome which avoidably usually afflict us in this country,” the APBN President said.

Employment Generation

On employment generation for the teeming youths, he said, there is foremost need to secure enabling environment for the achievement of such objective as unemployment is a global albatross on most countries of the world, Nigeria not exception.

“However, most countries are strategizing to get out of the problem by creation of employment, using their internal resources. We have human resources experts (such as the Chartered Institute of Personnel Managers of Nigeria, Nigeria Institute of Management (Chartered) Chartered Institute of Administrators, etc.) in our midst who are ready to partner with government to address this problem also with a view to finding lasting solution.

“We therefore call on the government, especially the newly sworn-in Ministers and Governors to make use of these “Nigerian products”.

Against this backdrop, Professor Adesola Aderounmu, president of the Nigeria Computer Society (NCS), reiterated that the place of Information Technology (IT) sector as an agent of change and development cannot be overemphasized.

He emphasized that, worldwide, IT is a major driver of the economy. “Being the acknowledged professional authority in this sector, our aims are socio-economic growth, job creation, poverty reduction and deepened diversification of the economy. Indeed technology holds significant promise as a major revenue earner.

According to Aderounmu, to enhance the deployment of ICT to advance the values of wealth creation and effective leadership in the nation, NCS as a member-body of APBN has discovered the need for an Office of Chief Information Technology Officer of the Federation, approve the pending National Software Policy (NSP) as a blueprint aimed at providing a strategic roadmap to make Nigeria a competitive country in the area of software engineering and digital knowledge development and implementing e-Government strategy as imperatives for corruption-free, equitable, productive and knowledge-based society.

However, the submissions by the Professional Bodies centered on four core issues including Rule of law; Security; Economy and Promotion of professionalism.

 

 

 


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Nigeria @ Risks Losing Digital Control- NiRA

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Nigeria is at risks losing digital control of its cyberspace following the alarming surge in cyberattacks in the country.

Nigeria @ Risks Losing Digital Control- NiRA

The surge show a dangerous shift from opportunistic cybercrime, facing approximately 4,710 threats weekly and ranking as a top target for cybercriminals in Africa.

Nigeria Internet Registration Association (NiRA) recently warned that the trend weakens the country’s control over its digital identity and limits economic gains from its expanding online ecosystem.

Speaking at the .ng Media Advocacy and Capacity Building Initiative for the Nigerian Information Technology Reporters Association (NITRA), organised by NiRA in Lagos, Adesola Akinsanya, president, NiRA, questioned who truly owns Nigeria’s digital presence, stressing that the answer lies in deliberate choices regarding domain name adoption and the narratives shaping the country’s digital ecosystem.

He likened the widespread adoption of foreign domains to building assets on land owned by others, where control, legal authority, and economic benefits ultimately reside outside the country.

According to him, many Nigerian businesses operating on domains such as .com are effectively anchoring their digital operations on infrastructure beyond national control.

Industry stakeholders at the event noted that while Nigeria’s digital economy continues to expand driven by increasing internet penetration and a vibrant tech ecosystem a significant portion of the value generated is lost through payments tied to foreign domain registration and hosting services.

Seyi Onasanya, chief operating officer, NiRA,  described domain names as “digital real estate,” emphasizing their role as a foundational layer of the modern economy.

She stated that countries that prioritise local domain systems are better positioned to retain value, strengthen trust, and enhance digital competitiveness.

Onasanya added that although country-code domains account for nearly 40 percent of global domain registrations, Nigeria still records relatively low adoption of its .ng domain despite its large population and millions of small and medium enterprises.

Experts at the forum warned that dependence on foreign domains contributes to capital flight, weakens national branding, and exposes businesses to external regulatory risks.

They stressed that every domain name represents a potential economic asset linked to transactions, jobs, and overall GDP growth.

Beyond economic implications, speakers highlighted trust and security as critical issues.

Ridwan Badmus, legal and cybersecurity expert, noted that Nigeria’s regulatory framework is evolving to support a more secure digital environment, including policies encouraging government institutions to adopt local domains and hosting services.

He explained that the .ng domain benefits from enhanced security features such as DNS Security Extensions (DNSSEC) and improved monitoring systems, which strengthen resilience against cyber threats.

 


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CIBN Allegedly Hit by 250GB Data Breach

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Data Breach
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Chartered Institute of Bankers of Nigeria (CIBN), the country’s apex professional body for bankers, is reportedly at the centre of a major cybersecurity incident following claims that its internal database estimated at about 250GB has been compromised and leaked online by an unidentified threat actor, according to the Guardian.

CIBN Allegedly Hit by 250GB Data Breach

The alleged breach, which surfaced recently on underground cybercrime forums, is said to involve a wide range of sensitive institutional and personal data belonging to members of the banking profession.

According to preliminary assessments of sample files circulating online, the exposed information reportedly includes full names, email addresses, phone numbers, residential and business addresses, membership records, scanned identification documents, certificates, and even internal source codes linked to digital systems.

While the authenticity of the full dataset has not been independently verified, cybersecurity observers note that the scale of the alleged leak is consistent with a growing pattern of attacks targeting financial institutions and professional bodies across Nigeria’s banking ecosystem.

Chartered Institute of Bankers of Nigeria, established in the early 1960s and chartered to regulate banking professionalism in the country, plays a central role in setting ethical and educational standards for bankers nationwide.

It counts major financial institutions, including the Central Bank of Nigeria and commercial banks, among its corporate members.

In recent years, the institute has itself acknowledged rising cyber risks affecting the financial sector, warning that banks and related institutions face increasing exposure to digital attacks, including website hijacking, ransomware threats, and data breaches targeting sensitive financial information.

This latest allegation adds to a series of reported cyber incidents involving Nigerian financial institutions, where attackers have increasingly focused on exploiting personal data for identity theft and phishing schemes.

Cybersecurity analysts say Nigeria has witnessed a broader surge in data breaches across banking, telecoms, and government systems, with millions of records reportedly circulating on the dark web in recent years.

The alleged CIBN breach, if confirmed, would further highlight vulnerabilities in institutional data protection frameworks and the growing sophistication of cybercriminal operations targeting financial ecosystems.

However, CIBN has not issued an official confirmation or denial regarding the alleged breach.

But, the need for immediate forensic investigation, member notification protocols, and a comprehensive audit of the institute’s digital infrastructure cannot be overlooked.

Authorities and data protection regulators are also expected to assess the claims as part of broader efforts to curb escalating cyber threats within Nigeria’s financial services sector.


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Kaspersky MDR Introduces Major Updates, Strengthening Detection and Investigation Capabilities

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Kaspersky Managed Detection and Response now offers enhanced automation and incident management features, introduces a new offering for industrial and embedded systems, and delivers an improved customer experience. These advancements bolster security and enable a faster, more efficient response to threats.

Kaspersky MDR is adopted by organisations across a vast range of industries worldwide. In 2025, the solution detected up to three high-severity incidents driven by human activity daily, reducing response time by approximately 22% compared to the previous year.

This result, highlighted in a Global Report by Kaspersky Security Services, reflects enhanced efficiency driven by advanced automation, increased detection rules and the continuously perfected and dedicated expertise of Kaspersky’s specialists.

Keeping in mind that threats are becoming increasingly sophisticated and challenging to detect, Kaspersky recognises that solutions must be continuously refined. This principle is also applied to Kaspersky MDR, which is now being enhanced through a series of important updates designed to improve its value and deliver a better experience for customers.

New MDR offering for embedded and industrial systems

Kaspersky Embedded Systems Security 4.0 (KESS) and KICS for Nodes 4.5 now features a unified MDR agent. For embedded environments, this integrated approach simplifies onboarding and enhances manageability, enabling faster and more dependable MDR deployment. In industrial settings, it decreases operational complexity, strengthens resilience, and streamlines ongoing maintenance.

Enhanced detection and investigation capabilities

Kaspersky MDR now benefits from enhanced container telemetry provided by Kaspersky Endpoint Security for Linux 12.4. This advancement significantly improves visibility into containerised environments, boosts threat detection accuracy, and accelerates the identification of risks within container infrastructures.

Kaspersky MDR now also supports automated file transfers upon analyst request through Kaspersky Anti Targeted Attack 8.0 and Kaspersky Next EDR Expert 8.0. With advanced MDR integration enabled, relevant files are shared automatically, eliminating manual end-user actions. This streamlines collaboration, accelerates incident investigations, and enables faster responses to targeted attacks.

MDR incidents can now be escalated directly from the MDR portal to the Kaspersky Global Emergency Response Team for comprehensive investigation and response. This capability ensures end-to-end management of complex cyberattacks, from the initial response and evidence collection to identifying the primary attack vector and developing an effective mitigation plan.

MDR incidents can now be automatically exported to Kaspersky SIEM 4.0 for advanced analysis and correlation with other security events. This enhancement expands investigative capabilities while maintaining MDR as the central hub for incident management and response.

Enhanced accessibility and customer experience

A one-click incident escalation from Kaspersky Next EDR Expert to MDR is now available, empowering customers with greater control over incident management and ensuring rapid access to expert analysis and response guidance.

Kaspersky MDR now also provides enriched incident notifications via Telegram that allow real-time updates with priority levels, affected assets, tailored recommendations, and direct links to incidents, enabling customers to access vital information instantly without the need to log into the portal.

Furthermore, the MDR portal has been fully optimised for mobile devices and tablets, offering comprehensive access to all core functionalities. These improvements collectively allow customers to monitor incidents and manage their MDR services anytime and anywhere, thereby significantly increasing responsiveness and operational agility.

“At Kaspersky, we are committed to continuously enhancing our MDR to stay ahead of evolving cyber threats and protect organisations worldwide from all industries, 24/7. These latest updates bring extended integrations with the Kaspersky product portfolio, smarter automation and new features that enable quicker and even more precise responses – all to improve user experience because in today’s threat landscape, agility and precision are more critical than ever,” comments Renat Turianov, Kaspersky MDR Product Owner at Kaspersky.


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