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Cyber Crime Killing Nigeria’s Economy-Ajayi

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Engineer Lanre Ajayi is the president, Association of Telecommunication Companies of Nigeria (ATCON) and former president, Nigerian Internet Group (NIG).
He is also the managing director of Pinet Informatics. Ajayi started his career with Nitel where he worked for 11 years before starting Pinet Informatics as part of his contribution to the development of the sector. Today, Ajayi wears many caps at both national and international IT bodies.
Ajayi spoke to peter ugwu on the sidelines of threats to internet usage in Nigeria and the potentials when well guarded.    

Potentials of the Internet
Some people would say ‘The Internet is everything’, and that is why my company’s slogan has been ‘Internet for everyone’.
Truly, the internet is everything and for everyone. In the contemporary society, it is linked with virtually our daily activities; therefore, we perform things better, faster and more efficiently today because of the enablement of the internet.
There is obviously, nothing one cannot do online. The experiences of what the internet can do are evident in e-governance, e-health, e-commerce, e-banking/e-payment, e-learning, in fact, anything you can think of, today.
Due to the efficiency of online business, it benefits both the service provider and the agent or client. They both benefit from cost efficiency, time management in delivery of services, so I cannot imagine a limit to what can be done with and through the internet. The potentials are almost unlimited.

The Content Issue
Yes, for the fact that we have not utilized opportunities provided by the internet though content development, then it has formed a tool in the hands of fraudsters.
Originally, the internet was not meant for defrauding people; just like the guns that were meant for hunters to kill animals, but currently, guns kill more human beings than animals.
Likewise, the internet is being hijacked by cyber traitors and they will continue to threaten the system until we begin to develop the appropriate content that will channel people’s minds away from the antics of the fraudsters.
Finding solution to the impasse is educating people; internet users, drawing their attentions to the appropriate opportunities that lie in the internet.
Most fraudsters on the internet, primarily, want to make ends meet. Their focus gets diverted to making money through illegal means. But if they are shown the positive ways of making, even, greater amount of money via the internet, we will be doing ourselves much favour.
I am sure they would want to go in the right direction, the onus is on us as stakeholders in the information and communication technology sector to lead the crusade; to show our youths the right path to follow, and that is my providing them with the tools to write applications or develop acceptable contents for the internet.
When the opportunities are there and bottlenecks are removed the system-administrative, financial, political, regulations, and others, then the coast will be clear for them to sail.

Cyber Security Bill
Some people may argue that the rate of cyber threats in Nigeria does not in any way equate the number of attacks in the United States or Europe.
To me, there are enough cyber attacks that should make government that is the National Assemble, rise up to the challenge, especially by giving the cyber security bill an accelerated hearing.
The ‘419’ messages, or scam mails, physic mails aimed at intercepting innocent internet users information, bank account, personal details, credit card personal information numbers (PIN), etc., are top cyber threats we see today.
Companies’ websites and data banks are been compromised on daily basis. These require urgent and adequate attention. 
Today the ‘419ers’ are known world over as perpetuating ‘Nigerian mails’, which is a huge dent on Nigeria’s image in all areas. If that is not contained, it will rubbish Nigeria’s yarning for foreign investors.
Presently, it threatens the relationships between Nigeria and other business community. That in no man way constitutes a clog on the wheel of the nation’s development.
The increase constitutes a lowered standard of living because it will affect the economy and no nation will progress without a progressing economy.
So, government has a role to play likewise industry players to round up these criminals among us; they are sabotaging our efforts as a nation.
We should not just assume there is no cyber attack in Nigeria or that it is minimal. There are enough reasons for us to be worried.
We need to be proactive in preventing other attacks from happening and react quickly to the existing incidents…

Delayed Cyber Security Bill
Actually, that is not enough. We need the cyber security bill to come on stream. However, I will not premise required actions expected from the government, on the Bill.
We have other laws that can be used at the interim to punish offenders and serve as deterrent to others.
Once caught, the person is a criminal, the medium of committing the crime does not count much hence the crime has been established. It is a criminal offence.
So, we do not have to necessarily wait for the Bill to start fight against cyber crimes. The Bill may help, but not a pre-requisite to combating the crimes.
How about the technological know-how, software, skilled manpower needed to fight the criminals, are they been engaged?
The present criminal laws in Nigeria I do not believe excluded internet frauds; let us enforce the existing laws while expecting the new ones.

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Solutions, Aside Laws
The basic way to tackle this challenge is through public education. The way the National Orientation Agency (NOA), non-governmental organizations (NGOs) and other agencies spread information about voter education, fight against HIV/AIDS, and other health related challenges, we can adopt such measure in educating the layman on the importance of shunning cyber laws.
On the other hand, ICT experts have the role of showcasing the expertise that will attract the mind of the youths off the route.
A lot of people are into the fraudulent act for the sheer lack of awareness on the alternate (good) use of the internet.
And the crime fighting government agencies should hype news on how criminals were nabbed, prosecuted and jailed or punished.
If people know they can be rounded up and prosecuted, no matter where they may hide to perpetuate the act, the fear of maximum punishment awaiting them can discourage the person form continuing.
But in a situation whereby one is caught and give a slap on the wrist as punishment how will you discourage others?
The few successful prosecutions we have should be stressed on to showcase event to the international community that we are serious about the fight against internet fraud. More importantly, public education on the good use of the internet should be looked at.

Place of the Government on Internet Content Development
Well, government has rolled out several measures to redirect and refocus to the youths and the industry towards harnessing those potentials we are talking about, but I have not actually felt the impact.
May be we should wait a little while to see how the programmes, roadmaps and policies unleashed, especially the present administration, impact on the system.
Presently, we have programmes for software developers, which is a sub-sector that will pull some youths off the street.
So, the lauded programmes should be transformed to productivity. And I believe if we conduct the impact analysis of those measures it could lead to revisiting the policies or drafts that constituted them for better strategies and results.

The Internet and Entrepreneurial Opportunities
Most millionaires today are people who tapped into the openings available on the internet. They are into software development, online trading, researching, and other services.
The entrepreneurial opportunities available there are huge but Nigerians are yet to harness them in full.
We can point at companies like Konga.com, Jumia.com and few others that are offering online services, but there are areas that are lying fallow.
However, with the environment become favourable companies will definitely come into that.

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Court Remands Akujobi, Ex Access over alleged Theft of N294.5m

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Chinonso Akujobi, former staff of Access Bank in Lagos, has been remanded in Ikoyi prison after she was arraigned on a five-count charge bordering on stealing to the tune of N294.5m.

Court Remands Akujobi, Ex Access over alleged Theft of N294.5m

Akujobi who is being prosecuted by the Economic and Financial Crimes Commission (EFCC) was arraigned before Justice I.O. Ijelu of the State High Court sitting in Ikeja, Lagos.

EFCC alleged that Akujobi stole the money between January and December 2025 while under the employment of Access Bank Plc.

As stated in one the charges, the defendant stole the money through unauthorized payments from the general ledger of Access Bank to her account number 0036668871 with the name Chinonso A., Uchechi A. and Florence A., thereby committing an offence of stealing, contrary to Section 280 and punishable under Section 287 of the Criminal Law of Lagos State, 2015.

‎The defendant pleaded “not guilty“ to the charges when they were read to her.

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‎In view of this, S.M.Yabo, prosecution counsel, asked the court for a trial date and also prayed for the remand of the defendant in a Correctional centre.

Justice Ijelu, thereafter, adjourned the case till October 8, 2026, for the hearing of the bail application and the commencement of trial.

The Judge also ordered that the defendant be remanded in the Ikoyi correctional Centre.

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NSIB Faults Runway Identification, Reveals Cockpit Disagreement in Asaba Jet Incident

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The Nigerian Safety Investigation Bureau (NSIB) says the flight captain of the VMO Aero aircraft that landed on a roadway near Asaba Airport in Delta State told investigators that the observer pilot mistakenly identified the paved road as the runway before touchdown.

The bureau disclosed this in a preliminary report released on Thursday on the June 10 incident, which prompted the Nigeria Civil Aviation Authority (NCAA) to ground the private jet.

The aircraft had seven people on board, including the pilot-in-command (PIC), second-in-command (SIC), an observer pilot, a cabin crew member and three passengers.

According to the report, the aircraft was cleared by Air Traffic Control (ATC) to approach Runway 11 at Asaba Airport after the crew requested a right orbit.

The crew initially discontinued the approach, executed a missed approach and repositioned for a second landing attempt.

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NSIB said the crew reported that the aircraft’s navigation systems indicated it was correctly established on the published RNAV Runway 11 approach.

“The PIC and SIC reported that the observer pilot identified the paved surface ahead as the runway,” the report stated.

However, the observer pilot gave investigators a different version of events.

According to NSIB, he said the aircraft remained inside cloud until late in the approach and that the Ground Proximity Warning System (GPWS) repeatedly issued “TERRAIN, TERRAIN, PULL UP” alerts.

He also said he observed a telecommunications mast directly ahead and instructed the flight captain to abandon the approach and climb immediately.

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The bureau further disclosed that a cabin crew member reported that one of the passengers became concerned after overhearing discussions among the pilots and asked whether one of them was undergoing training. The passenger was reportedly reassured that all three pilots on board were experienced captains.

NSIB said no abnormal events were reported in the cabin before touchdown.

The aircraft eventually landed at about 8:57 a.m. on an under-construction paved roadway near Asaba Airport instead of the designated runway.

The bureau said its investigation into the incident is ongoing, while the preliminary report highlights conflicting accounts among the cockpit crew over the circumstances that led to the erroneous landing.

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EU warns Meta over addictive Facebook, Instagram designs, threatens fines

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European Union has warned Meta Platforms Inc. that it could face a significant financial penalty unless it changes what regulators describe as the “addictive design” features of Facebook and Instagram.

EU warns Meta over addictive Facebook, Instagram designs, threatens fines

The European Commission issued the warning in preliminary findings released on Friday, saying Meta had failed to sufficiently address risks posed by its platforms, particularly to children and vulnerable users.

The Commission said features such as infinite scrolling, personalised content recommendations and automatic video playback were designed in ways that encouraged excessive engagement with the platforms.

EU Executive Vice-President for Tech Sovereignty, Security and Democracy, Henna Virkkunen, said protecting the physical and mental well-being of European citizens should be a priority for social media companies.

The Commission said Meta should consider introducing design changes, including disabling autoplay and infinite scrolling by default, providing effective screen-time reminders and adjusting recommendation systems to reduce the focus on maximising user engagement.

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The findings were issued under the European Union’s Digital Services Act (DSA), which sets obligations for major online platforms to address risks associated with their services.

Meta, however, rejected the Commission’s conclusions, saying it disagreed with the findings but would continue engaging with European regulators.

The company said it had already implemented measures aimed at protecting younger users, including Teen Accounts that allow parents to manage screen time limits and restrict access during night hours.

The EU said its investigation, which began in 2024, found that existing time-management tools on Facebook and Instagram could easily be bypassed, while parental controls required technical knowledge that limited their effectiveness.

Regulators also expressed concerns over children’s nighttime use of the platforms and the possibility that features such as Reels and Stories could encourage compulsive behaviour.

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If the Commission’s preliminary findings are confirmed, Meta could face a fine of up to six per cent of its annual global revenue under the DSA.

The warning comes as the EU steps up efforts to strengthen online safety measures for children, with an expert panel established by European Commission President Ursula von der Leyen expected to present recommendations on protecting minors online.

Several EU member states, including France, have also supported discussions on restricting social media access for children, following Australia’s decision to ban users under 16 from accessing social media platforms.

Meanwhile, the Commission is continuing a separate investigation into whether Meta’s recommendation algorithms create “rabbit hole” effects by directing users towards increasingly extreme content.

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