General News
Civil Service Ineptitude Kills Innovation – Nwosu

Tony Nwosu, Managing Director and Chief Executive Officer, Global Access Technologies (GAT) Limited, is a multi-skilled and charismatic personality. He holds B.Sc., in Electrical Engineering, University of Nigeria Nsukka, (UNN) M.Sc., Electrical Engineering, University of Lagos, (UNILAG) M.Sc., Business Administration, Lagos Business School, (Pan African University, Lekki). He had worked in NTA before proceeding to TelNet Nigeria, where he resigned as the General Manager after 11 years. His interest in making Nigeria an ICT haven led to his joining Enterprise Systems as General Manager; and finally setting up Global Access Technologies (GAT) as a leading ICT solution provider.He spoke to Peter Ugwu. Excerpt.
What’s Global Access Technologies (GAT)?
Global Access Technologies is an indigenous company incorporated in 2003 with the objectives of proving leading edge ICT solutions both within and outside the Nigerian environment.
We provide both enterprise networking solutions and operator carrier-class solutions, and actively involve in building telecoms and ICT infrastructure for both GSM and CDMA operators.
We provide ICT solutions for banks and other organisations. We have been pursuing our mission to provide world class ICT solutions that deliver maximum value to the customer in terms of quality, cost and robust designs.
We aim to be a leading ICT solution provider in Nigeria and in Africa, continually using the best of technologies and human resources to launch Nigeria and Africa into global ICT relevance.
In GAT, we consider ourselves stakeholders in the customer’s business and a critical component in the value chain of the customer.
We therefore strive to excite the customer by meeting all commitments in a very professional and cost-effective manner.
We have added value to the sector in so many ways. Firstly, as a service organization, since 2003 we have been contributing in building of telecomm infrastructure in Nigeria.
There is hardly any operator in Nigeria you will mention that we have not been a part in building their network infrastructure; including alternate power supply for the Telecom operators
Assessment of ICT Draft Policy
I think it was a good development for the Minister to have first of all set up the committee and had organized such a forum for stakeholders to share their views on the document.
In terms of the work of the committee, I think a lot in certain areas need closer attention as evidenced in the reactions by majority of participants at the forum.
The draft policy is a kind of innovative document with an attempt to converge the industry.
Meanwhile, a critically examination of the document shows that the committee went through existing reports, Laws and Acts of Parliament like the Nigeria Communications Act 2003, the Broadcasting Policy, Postal Act, among others, to arrive at the present document. Actually, they need to harmonize the policies to come up with better legislation to solidify the Convergence Regulator.
A lot of people are still divided on the Convergence Regulator; that is bringing all the industrial players under one regulator. This is an area that perhaps demands more attention.
NCC and NBC under a Converge Regulator
To a large extent Nigeria will benefit from convergence in the ICT sector. There was a budged attempt do converge NCC and NBC under President Olusegun Obasanjo, even up to the period late President Umaru Yar’Adua, assumed office.
I believe the then government must have taken into cognizance the issue of converging the Ministries of Information and Communications Technology.
However, a school of thought believes they should stay separated, yet another group thinks it was better to merge.
I would want a situation we seat down and streamline their functions and remove the areas of overlap.
As far as I am concerned, broadcasting, which Nigerian Broadcasting Commission represents, is different form Information Technology, the paramount base of NCC. Broadcasting has to do more with mass communication, information content and dissemination.
Talking about Information Technology (IT), it concerns NCC more. In fact, if we take lexicon of IT, we should be focusing on IT structures, regulations, quality of service and performance.
NCC’s Fate
The bone of contention is: should NCC bow to the authorities of the Converged Regulator, how will it perform optimally?
By the time we have this supposed Regulator taking care of a vast ICT sector, the efficiency might not be attained.
So, I subscribe to the school of thought that believes NCC should remain unchanged.
That is, let the policy empower NCC more by widening its scope of monitoring and regulation instead of muzzling everything together.
For instance, if NCC when standing as a full fledge commission has been battling with telecomm operators to guarantee subscribers receive quality of service, how would they achieve such feat when it becomes just a department under the converged regulator?
The bureaucracy will not allow efficiency and even accountability will decline. Because I foresee a situation the executive vice chairman (EVC) will lack the autonomy to give order, sanction or oppose fines or even withdraw licenses of defaulting telecom operators.
Even the workload will be quite enormous, because they will be expected to perform oversight functions to monitor courier companies, broadcasting stations, trying to mediate between them and customers; of course they will lose focus and would not be able to serve the public effectively.
Local Content in ICT sector
I think the draft as it was presented has identified the imports of local content or local participation, capacity enhancement and other aspects of human engagement.
Any policy that does not encourage local participation is not desirable.
And such provision in the ICT is expected to engender manufacturing and ICT penetration.
I align with those who have expressed concern that ICT industry is yet to embrace the national development policy like it is in the oil and gas sector.
Masts Review
The issue is not something that should be politicized or handled with levity. For instance, during the storm that ravaged parts of Lagos earlier in the year, generated a lot of interests.
However, it will not do the country any good to continue pointing accusing finger at persons or corporations, rather there should be standards for building masts.
Telecom operators have different equipment, just as there are differences between towers and masts.
Towers are the structures that carry most of the equipment, while masts are the smaller ones that dot everywhere carrying antenna.
At the level of masts, most banks have the infrastructure in their vicinities.
At that point, I don’t think there is any regulation.
They just approach companies to construct for them.
I can say it is very rare to see an operator’s tower collapse.
There are standards for building towers, whereas the entry point to constructing masts is very low, if not porous.
That is one of the reasons NCC should be allowed to look more into IT affairs as they affect the country.
Broadband
Broadband is part of global ICT strategy. It is not surprising looking at where we are with regards to broadband penetration, the emphasis was more on telephoning.
NITEL then monopolized the market with less than 400,000 lines at the time of deregulation in 2001.
But the reform in telecom sector has freed the market to not only accommodate multiple operators, but in just one decade we have achieve over 100 million active customers.
Having achieved such magnificent feat, operators have been providing the subscribers with internet services, though not at broadband speed.
Access to internet is growing; unfortunately, very few of them are hooked to the broadband space, and that is the challenge.
Meanwhile, there are some programmes on-going and others in the offing. I am aware that NCC has a programme called State Accelerated Broadband Initiative (SABI), geared towards the penetration of broadband in rural areas.
There is also USAID fund managed by NCC as well with an aim to assist the rural or under-serviced areas and provide service for them.
And NCC is working on a national broadband policy that will have a holistic assessment of broadband penetration.
Community Broadcasting
If the broadband initiative receives a boost, it will ensure that communities are covered with adequate high speed internet backbone.
It will not only promote community broadcasting, but also serve as a wealth-enabler. People will have access to it at short distance.
Even hospitals in the rural areas will get connected to teaching hospitals and carry out emergence operations.
NITEL/M-TEL Failure
The problem with NITEL and M-Tel is synonymous with other aspects of the public sector: slow-paced development.
Neither NEPA nor PHCN has fared well. In the oil and gas sector, the NNPC is beset by corruption.
For NITEL, the government has tried every possible means to get it on the right path, but to no avail.
They have gone through the route of commercialization and several rounds of privatization, the whole thing failed. I don’t think there was neither transparency nor accountability in the whole process.
Now, NITEL and M-Tel are going through liquidation, all points to the fact that government has no reason being in business.
Anything government delves into, particularly in this regards, will never achieve the target. Ghana equivalent of our PHCN is doing well.
Insecurity
This has become multi-faceted in Nigeria.
ICT has a big role to play in curbing civil insurgencies. It remains the reserved duty of the security agencies to track criminals.
If ICT has not contributed much, it cannot be for lack of ideas; instead government should be bold enough, approach the industry to galvanize certain gadgets to tackle the problem.
The issue of kidnapping has reduced drastically following the GSM tracking apparatus; the gesture can be replicate in other areas of security application.
General News
Kaspersky Warns of “Grey” Scam Websites Exploiting User Trust

Recent research by Kaspersky has shown that the so-called “grey” websites repeatedly target all world regions, and this may be driving both financial loss and large-scale data harvesting.

Grey websites are deceptive online platforms that fall outside traditional phishing definitions but still manipulate users into voluntarily handing over money and personal data. Kaspersky’s new report provides detailed insights into the threats posed by the grey websites on global and regional levels.
Unlike classic phishing attacks, which aim to steal credentials outright, grey websites rely on persuasion, misleading interfaces, and hidden terms to exploit users. They often impersonate legitimate services such as e-commerce platforms, financial tools, AI services, or subscription-based content, making them significantly harder to detect.
Kaspersky analysis shows that the majority of suspicious resources globally fall into several recurring categories:
- Fake browser extensions and “security tools” that actually harvest browsing data and track user activity.
- Fraudulent financial platforms including crypto exchanges, trading tools, and investment schemes promising unrealistic returns.
- Intermediary services (e.g., legal or real estate), charging for low-value or nonexistent services while harvesting sensitive personal data.
- Subscription traps offering low-cost trials that convert into costly recurring payments hidden in fine print.
- Fake online shops that either deliver counterfeit goods or nothing at all.
Example of a grey website.
A notable trend is the emergence of tools disguised as AI services or image-processing platforms, reflecting attackers’ ability to adapt to current digital trends and target younger audiences.
There are proven security solutions that help users to detect grey websites across different types of devices – those running on Windows, Linux, Android and iOS. The detection model is based on many factors, including domain name and age, IP reputation, stability of the infrastructure used, DNS configurations, HTTP security headers, digital identity and popularity of the web resource and other criteria.
Regional specifics
Regional variations in grey websites demonstrate how threat actors localise scams based on user behaviour and trending technologies.
In Europe, the threat landscape is dominated by links to suspicious browser extensions and fake “privacy-enhancing” tools.
These resources often present themselves as security solutions, promising safer browsing or anonymous search capabilities. In reality, they function as browser hijackers – intercepting traffic, collecting cookies, tracking user behaviour, and injecting advertisements.
The popularity of these threats reflects a high level of user concern around privacy and security, which attackers actively exploit. Additionally, these regions show a steady presence of phishing intermediaries and crypto-related scams, indicating a blend of technical and financially motivated attacks.
Across African markets, financial scams are the most prominent category of suspicious resources. Fraudulent trading platforms, fake brokers, and investment schemes frequently mimic legitimate financial services, often accompanied by fabricated licenses or endorsements.
These platforms typically prevent users from withdrawing funds, instead introducing additional “fees” or taxes to prolong the scam. The concentration of these threats highlights how attackers leverage growing interest in online investing while exploiting gaps in regulatory enforcement and financial literacy.
In the Middle East and North Africa region, suspicious resources frequently mimic communication (Internet telephony) tools, financial platforms, or betting services. Additionally, Ponzi-style investment schemes and crypto scams are widespread, often presented through polished interfaces that mimic legitimate platforms.
Web browser-based threats also play a significant role, with malicious extensions targeting user data and browsing activity. The regional threat profile reflects a convergence of financial fraud and technical compromise, where users risk both data exposure and monetary loss.
“Suspicious websites don’t look harmful at first glance. But they exploit trust, urgency, and familiarity, and a single click on what looks like a harmless AI image tool, a “secure” browser extension, or a heavily discounted online shop could be all it takes to lose money or expose sensitive data.
Instead of direct credential theft, attackers turn to behavioural manipulation – whether that’s subscribing, investing, or installing software,” comments Anna Larkina, Web Content and Privacy Analysis Expert at Kaspersky.
General News
MSMEs Paucity of Funds Receives Boost as Senate Backs Bill Seeking to Unlock Cash for them

Businesses across Nigeria, particularly micro, small and medium enterprises (MSMEs), may soon be able to convert unpaid invoices and credit sales into immediate cash without relying on conventional bank loans following the passage of the Factoring, Assignments and Receivables Financing Bill for second reading in the Senate.

The bill, which seeks to establish a legal framework for factoring and receivables financing, is expected to improve access to credit, boost liquidity for businesses and enhance domestic and international trade.
It also seeks to provide legal certainty for the assignment of receivables through factoring, promote transparency, modernise assignment laws and facilitate greater access to credit for businesses across the country.
Leading debate on the bill which was sent from the House of Representatives for concurrence, Senate Leader Opeyemi Bamidele said on Tuesday that the proposed legislation would create an enabling environment for debt factoring to thrive in Nigeria while defining the rights and obligations of creditors, factors and debtors involved in such transactions.
He explained that the bill provides for factoring contracts between sellers and factors and clarifies the legal relationship among parties in receivables financing arrangements.
According to Bamidele, the legislation has already passed all legislative stages in the House of Representatives and has complied with the Senate’s procedural requirements under Order 78(3) of the Senate Standing Orders.
He told lawmakers that the Senate Ad Hoc Committee on Compliance, chaired by Abdul Ningi, had scrutinised and cleared the bill for concurrence.
“The committee confirmed that all procedural requirements for consideration and concurrence by the Senate have been fully met,” he said.
Seconding the bill, Adetokunbo Abiru said the legislation would provide businesses with an alternative source of financing by enabling them to turn credit sales into cash and improve their working capital.
Abiru noted that factoring has become increasingly popular across Africa over the last decade, largely through initiatives supported by the African Export-Import Bank (Afreximbank).
He disclosed that the African factoring market is currently valued at over $50 billion, but Nigeria’s participation remains below one per cent.
According to him, countries such as Egypt and Morocco have benefited significantly from the financing model, adding that Nigeria risks missing out on the growing market without a clear regulatory framework.
“I think that passing this major legislation will help support our micro, small and medium enterprises in terms of converting most of their credit sales into cash without going through the normal borrowing arrangement,” Abiru said.
In his remarks, Ningi also assured lawmakers that the compliance committee had reviewed the bill and found no legal impediments to its passage.
Following a voice vote, the Senate approved the bill for second reading and subsequently referred it to the Committee of the Whole for clause-by-clause consideration.
General News
IMF Warns Nigeria of Risks in $5Bn Swap Deal with First Abu Dhabi Bank

The IMF on Tuesday warned of risks surrounding Nigeria’s plan to borrow up to $5 billion through a derivatives agreement with First Abu Dhabi Bank, saying such transactions are often opaque and complex.

Recall that the Senate in April gave its approval to the agreement, joining other Africa borrowers like Senegal and Angola who have tapped similar arrangements over the past year.
“Our view is that the transaction in these types of structures carry risks. Usually they are opaque so the terms are not always very transparent when we reviewed these instruments across countries,” Christian Ebeke, IMF resident representative in Nigeria, told reporters.
Ebeke said Nigeria could instead issue eurobonds to finance its deficits or other means to raise funding, including on concessional terms.
Nigeria intends to use proceeds from the total return swap, or TRS, to refinance expensive debt and pay for infrastructure.
In its latest Article IV review, the Fund praised Nigeria’s sweeping reforms, saying they had strengthened economic stability and investor confidence, but warned that the benefits had yet to reach millions of citizens and could be undermined by global shocks, including the Middle East conflict.
The reforms since 2023 under President Bola Tinubu – including fuel subsidy removal, tighter monetary policy and exchange rate liberalisation – had rebuilt buffers and improved macroeconomic management, the IMF said.
However, it cautioned that the reforms were also contributing to social strain, with poverty levels at 63% and millions facing food insecurity, underscoring a widening gap between macro gains and household realities.
The IMF said improved policy credibility and forex reforms had helped Nigeria regain access to international capital markets and attract portfolio inflows, while reducing risk premiums. The central bank says gross reserves are at $50 billion, the highest in 17 years.
But reliance on volatile foreign portfolio investment poses rollover risks, the IMF said, urging a shift towards more stable, long-term capital such as foreign direct investment.
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