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August 2017 Edition of CFA’s Startups Hangout Event Was an Eye Opener

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(L-r): Chinenye Mba-Uzoukwu, CEO InfoGraphics; Afolabi Abiodun, CEO SB Telecoms & Devices, his wife, Mrs. Abiodun, Speakers at the August 2017 CSH, and Chukwuemeka Fred Agbata Jnr (CFA), Presenter, Tech Trends on Channels Television and also the Convener of the CFA's Startups Hangout.
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The August 2017 edition of CFA’s Startups Hangout, held at Adna Hotel on Friday, August 18, 2017, turned out to be a very exciting, educative and knowledge transferring session, with the two guest speakers, Afolabi Abiodun, CEO, SB Telecoms & Devices and Chinenye Mba-Uzoukwu, CEO, InfoGraphics, discharging everything in their arsenal that they know can help the attendee Startups to run their businesses efficiently, successfully and also scale their businesses.

The hangout started with Afolabi Abiodun, telling his intriguing story of how he started running a thriving recharge card business and at the end of the day, ran into a debt of a whopping N26 million, fleeing to Ghana afterwards to cool his heels from the pursuing creditors.

He eventually returned to Nigeria to face the problem squarely, with a view to resolving it, thanks to the influence of his Grandmother, who was one of those that contributed, in no small measure, to the initial capital of his business, as well as supplied the collateral that he used in standing for the loan.

Some of the lessons learned by the Startups, from Afolabi’s story, include, having the “I can do” spirit in conducting the affairs of ones business, engaging the services of professionals in areas that one does not know anything about, need to have a working experience, especially in the line of business one intends to pursue or start.

Others include the fact that, your negotiations should not be only about you alone, but you need to consider the interest and point of view of the other parties too.

Some other lessons learned, are to take integrity very seriously, having the right attitude, trust, carrying your team members along, cutting costs as well as staying with your business problems and resolving them. “Don’t run away from your problems. Note that your creditors don’t want you to die!”, he emphasised.

Afolabi also stated that Startups that want to succeed shoud keep learning and keep developing themselves. He stated that, because of his inability to acquire adequate knowledge at the tertiary institution he attended, he had to enrol at EDC to learn how to run his business better, even though, he had to pay for it in installments.

Chinenye did not also disappointment the Startups. He stated that he was exposed to business very early and he joined her mother’s business as early as 12 years old, although, his father was a Lecturer in a University. His story also had it’s twists and turns.

He applied, in error, to read Veterinary Medicine at the University, but ended up graduating in Political Science. He stated that he had a hitch in his tertiary education because, he decided to stay out of school as he was not in concert with graduating as a Veterinary Doctor.

He was compelled by his father to apply for a job as the Assistant Librarian in the same University, which, to Chinenye, was an embarrassing decision to take, as he was an “happening guy” on campus. He, eventually applied to and completed his First degree at the University.

“Everyone makes his own mistakes and no matter how much we teach you on how not to commit the same mistakes, you will still make your own mistakes”, Chinenye emphasised.

Chinenye, however, advised the Startups that, after fumbling, tumbling and stumbling, making their own mistakes, they should learn from it, make amends and move on.

He stated that, not everybody is cut out to be an entrepreneur. He went further to give the two sets of entrepreneurs. the first set, he opined, are those that know where they are going and those who do not. For those who know where they are going, Chinenye stated that, they must have a plan and follow it through. For those who do not know where they are going, he stated that they must be very good and fast learners, so, they can quickly learn from their mistakes, make the necessary corrections an move on.

Startups were also advised to recognise those who can help them to achieve the objectives of their business and bring them on board. “You ca never be bigger than the people around you”, Chinenye noted. It was interesting to note from Chinenye, that his business ran aground four times and at some point, amassed a debt running into about N18 million! “Open your eyes and know what your business really is all about. Change it, if necessary. You cannot run a business when you don’t know what to do yourself”, he observed.

Chinenye also wanted the Startups to now that entrepreneurship has to be nurtured and they have to be patient with growing it. “What matters is not winning the race. What matters is crossing the Finish Line”, he stated.

Both Afolabi and Chinenye both ended by advising the Startups to identify their areas of strengths and weaknesses and concentrate on the line of business that they have the greatest strength.

At the end of the presentation, some of the Startups asked the guests some probing questions which were honestly answered by the guests. 

The August 2017 edition was sponsored by TAMS and Remita.

The two Startups that came the earliest were awarded gifts by one of the sponsors, TAMS, the Time Management platform

We also thank the Media Partners of the CFA’s Startups Hangout, Nigerian CommunicationsWeek, Guardian Tech and CFAtech.ng, Connectnigeria.com and ITPulse.com.ng for spreading the awareness of this unique opportunity for Startups to learn and grow.

Watch out on https://startups.cfatech.ng/ for details of the September 2017 edition of the CFA’s Startups Hangout which will be uploaded soon. It also promises to further enlighten our growing Startups on the path to achieving success and greatness.

 

 

 


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CPN Begins Crackdown on Quack IT Professionals, Vows Tougher Action against Cybercrime

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Computer Professionals (Registration Council of Nigeria), also known as CPN has begun a nationwide crackdown on quackery and unlicensed practices in a bid to strengthen professional standards in the country’s information technology sector.

CPN Begins Crackdown on Quack IT Professionals, Vows Tougher Action against Cybercrime

CPN has also  vowed tougher action against cybercrime in the country.

These were the major decisions taken at its 2026 Information Technology Professionals’ Assembly and Annual General Meeting (AGM) on Friday

Essien Eyo, president and chairman of Council of CPN, speaking at a virtual press conference, said the council would continue to enforce strict compliance with professional regulations to safeguard the integrity of Nigeria’s computing ecosystem.

He warned that the council would not tolerate unlicensed practice in the sector, stressing that regulatory enforcement would be strengthened in line with its statutory mandate.

“The Act makes it mandatory for all persons and organisations seeking to engage in computing and professional services to be registered and licensed by the council.

“It is illegal to engage in computing and professional practice without satisfying the requirement of registration and possession of a valid licence,” Eyo said.

He added that the council was determined to rid the sector of quackery and ensure that only qualified professionals are allowed to operate.

“CPN is committed to ensuring high professional ethics and standards, and we will continue to intensify efforts to eliminate quackery, arbitrary practice and lack of standards in the IT sector,” he stated.

Eyo disclosed that the 2026 IT Professionals’ Assembly, scheduled for May 13 and 14 at the NAF Conference Centre, Kado, Abuja, would serve as a key platform to advance regulatory compliance, professional development and industry collaboration.

The event, now in its 20th edition, has the theme, “Digital Resilience and Inclusion for Smart Economy,” and aligns with Nigeria’s broader digital economy and Renewed Hope Agenda.

He explained that the theme reflects the urgent need to build a secure, inclusive and resilient digital ecosystem capable of withstanding modern technological disruptions.

“In an era defined by rapid technological change, cybersecurity threats, economic disruptions and evolving digital demands, resilience ensures that digital infrastructure and institutions can withstand shocks and sustain growth,” Eyo said.

“At the same time, inclusion guarantees that no segment of society is left behind in accessing digital opportunities.”

He said the assembly would also focus on emerging digital risks, ethical technology deployment, inclusive policy frameworks and strengthening collaboration among government, industry, academia and civil society.

Eyo further noted that the event would feature the induction of new members into the computing profession and would be delivered in a hybrid format to ensure wider participation.

“The 2026 IT Professionals’ Assembly is not just an event but a strategic platform for shaping Nigeria’s digital destiny,” he said.

He confirmed that the keynote address would be delivered by Bosun Tijani, minister of Communications, Innovation and Digital Economy.

Also speaking,  Aliu Abdullahi, vice president of Council, said the establishment of CPN was a Federal Government response to the need for proper regulation of Nigeria’s growing IT sector.

He said the council’s mandate includes setting professional standards, accrediting academic programmes, conducting examinations, regulating practice, enforcing ethics and maintaining the national register of computing professionals.

Abdullahi reiterated that all individuals and organisations engaged in IT training, computing services and related activities must be duly registered and licensed by the council.

He urged media organisations to support public awareness of the council’s activities, especially the forthcoming assembly, which he described as critical to strengthening Nigeria’s digital governance and professional integrity.


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Nigeria Hit by 24.1m Data Breaches – Surfshark

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Surfshark, a Netherlands-based cybersecurity firm, has reported that Nigeria recorded about 24.1 million compromised user accounts since 2004, making it the third most affected country in Sub-Saharan Africa.

Nigeria Hit by 24.1m Data Breaches - Surfshark

The report, which analysed global data breach trends for the first quarter of 2026, showed that Nigeria recorded 281,500 leaked accounts between January and March 2026, ranking the country as the 34th most breached nation globally during the period.

Globally, the report revealed that 210.3 million accounts were breached in the first quarter of 2026, representing a sharp increase compared to previous periods.

The United States accounted for 29 per cent of all reported breaches worldwide, followed by France, India, Brazil and the United Kingdom.

According to the report, cyber threats targeting Nigerian users have continued to intensify over the years, exposing millions of individuals to risks such as identity theft, account hijacking, extortion and financial fraud.

Surfshark disclosed that about 7.5 million unique email addresses linked to Nigerian users have been exposed since 2004, while approximately 13 million passwords were leaked alongside compromised accounts.

The report noted that more than half of breached Nigerian users remain vulnerable to cyber-related crimes.

“Statistically, 10 out of 100 Nigerian people have been affected by data breaches,” the report stated.

Further analysis showed that leaked data linked to Nigerian users included highly sensitive information such as Social Security-related records, payment card details, residential addresses, and personal contact information.

According to the report, about 3,900 Social Security-related records and 1,600 payment card details were exposed, alongside 1.9 million phone numbers and more than 925,000 residential addresses.

The cybersecurity firm warned that the growing scale of data exposure reflects increasing vulnerabilities in the global digital ecosystem as businesses accelerate the adoption of artificial intelligence technologies.

Commenting on the trend, Tomas Stamulis, chief security officer, Surfshark, said the rapid integration of AI systems by companies has significantly expanded the volume of user data being collected and stored.

According to him, businesses are increasingly relying on AI-driven tools for automation, analytics and operational efficiency, leading to the accumulation of larger datasets that could become attractive targets for cybercriminals.

The report cited industry statistics indicating that 20.2 per cent of companies used AI technologies in 2025, up from 8.7 per cent in 2023.

“These AI-driven systems collect and log more detailed user information for automation, analytics, and model improvement,” Stamulis said.

He added that while artificial intelligence improves productivity and operational efficiency, it also increases the number of systems organisations must secure, thereby creating additional opportunities for cyberattacks and data leaks.

Stamulis further warned that compromised personal information often retains value for cybercriminals long after passwords or email credentials have been changed.

According to him, hackers frequently combine old and newly leaked information into so-called “combo lists,” which are repeatedly traded or deployed for fraudulent activities and identity theft schemes.

He advised internet users to minimise the amount of sensitive personal information shared online, use alternative email identities or masking services where possible, and provide confidential information only when necessary.

The report also showed that global breached accounts in the first quarter of 2026 tripled compared to the corresponding period of 2025 and rose by 22 per cent relative to the fourth quarter of 2025, underscoring the growing sophistication and frequency of cyberattacks worldwide.


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NITDA Warns of  AI-Powered DeepLoad Malware Targeting Banks, Govt Agencies

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National Information Technology Development Agency (NITDA), has raised alarm over a new artificial intelligence-powered malware known as “DeepLoad,” warning that the cyber threat is actively targeting Nigerian government agencies, financial institutions, businesses and individuals.

NITDA Warns of  AI-Powered DeepLoad Malware Targeting Banks, Govt Agencies

The agency disclosed this in a critical advisory issued through its Computer Emergency Readiness and Response Team (CERRT.NG) and shared via its official X account.

The warning comes amid a growing wave of cyber-attacks targeting Nigerian organisations, including private institutions such as banks and government agencies like the Corporate Affairs Commission (CAC).

According to NITDA, DeepLoad is an AI-enhanced malware strain designed to infiltrate systems, steal sensitive information and evade conventional antivirus detection systems.

“The malware is distributed through a social engineering technique involving fake website error,” the advisory stated.

NITDA explained that the malware spreads through deceptive website prompts that trick users into executing malicious commands on their computers.

“Once executed, DeepLoad silently installs itself, harvests stored credentials and sensitive data from major browsers, and leverages artificial intelligence to evade antivirus detection,” the agency said.

The agency further warned that one of the most dangerous features of the malware is its ability to remain active even after attempted removal.

“Critically, the malware incorporates a hidden WMI-based persistence mechanism capable of reactivating the infection up to three days after apparent removal,” it stated.

NITDA stressed that the severity of the threat requires immediate action from both organisations and individuals across the country.

“Given its severity and confirmed active targeting of Nigerian entities, all organizations and individuals must implement the protective measures outlined in this advisory immediately,” the agency added.

The agency warned that individuals, government institutions, businesses, large organisations and small enterprises are all vulnerable to the rapidly evolving cyber threat posed by DeepLoad.

According to NITDA, a successful DeepLoad infection could grant cybercriminals unauthorised access to bank accounts, mobile money services and payment cards, while also enabling the theft of passwords, documents and sensitive personal information stored on web browsers.

The agency warned that the stolen information could be exploited for identity fraud, allowing criminals to impersonate victims for financial gain.

For organisations, NITDA said infections could trigger operational disruptions requiring complete system isolation and remediation procedures. It added that attacks on government systems could compromise classified networks and pose broader national security risks.

To prevent infections, NITDA advised Nigerians never to paste commands from websites into their computers, noting that legitimate software providers do not request such actions.

The agency also cautioned users against opening suspicious files such as “Chrome Setup” or “Firefox Installer” from USB drives and advised that all external storage devices be scanned with antivirus software before use.

NITDA further recommended enabling two-factor authentication on important accounts and avoiding the storage of banking passwords directly on web browsers.

For organisations, the agency urged companies to immediately sensitise staff about the DeepLoad threat, enable PowerShell Script Block Logging across Windows systems and review browser extensions for unauthorised installations.

The advisory also recommended blocking malicious domains, including holiday-updateservice[.]com, forest-entity[.]cc and hell1-kitty[.]cc, at firewall and DNS levels.

Additionally, organisations were advised to check for hidden WMI Event Subscriptions that could allow the malware to survive standard cleanup procedures.

NITDA said institutions that suspect infections should immediately disconnect affected systems from the internet, change all passwords from clean devices, isolate compromised systems, activate incident response teams and report incidents to the agency within 72 hours as required by law.

The latest warning has added to growing concerns over cyber attacks targeting Nigeria’s financial and digital infrastructure in recent months.

In April, the Nigeria Data Protection Commission (NDPC) warned about coordinated cyber threats targeting Nigeria’s financial systems and critical digital infrastructure, urging organisations to strengthen their data protection architecture.

The warning also followed the commission’s announcement of an investigation into an alleged data breach involving Remita Payment Services, Sterling Bank and other entities.

Similarly, the Corporate Affairs Commission (CAC) temporarily shut down its website between April 17 and April 20, 2026, following reports that about 25 million documents may have been exfiltrated during a suspected cyber attack.

 


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