E-Business
Ekeh, Zinox Boss, Warns Entrepreneurs on Executive Blackmail

Leo Stan Ekeh, serial digital entrepreneur and chairman, Zinox Group, has advised budding Nigerian entrepreneurs to be wary of the rising threat of executive blackmail, noting that in the 21st century, they have to remain selectively deaf and dumb to be successful as too many people are talking at the same time.

Leo Stan Ekeh
The Zinox boss made this disclosure on Saturday during the fourth annual digital entrepreneurship case study forum which happened virtually this year with the theme – Salient issues that may distract Entrepreneurs in Africa.
‘‘Most of these people are mature blackmailers who feed and train their children with money criminally earned from blackmail. Please, you must stay focused on your business and never patronize them as that is their trade but they would gradually disappear as they hawk from one sector to another to survive. The social media gives a free platform to selectively reply and clear any doubts aimed at destroying your brand.
‘‘Things have changed and COVID-19 has forcefully enhanced the digitally profile of over 50% of urban population. Blackmailers and detractors are yet to come to term with the reality that the world has moved forward. Don’t patronize them. They are like armed robbers,’’ he warned.
Using himself as an example, Ekeh said it is a clear policy in his companies never to pay a kobo to blackmailers.
‘‘We will never do. In the Third World and Nigeria in particular, it is an industry, so you must not patronize them. I am sure you have been reading a series of defamatory articles from Premium Times and their partner, Mr. Joseph Benjamin of Citadel Ltd, Ibadan against me and my company Zinox.
‘‘I made it clear to them that we do not engage with blackmailers but if they seek any clarifications, we are ready to make that available within 24hours. In summary, we had published several times our position, that I do not know Mr. Benjamin Joseph and Zinox never transacted any business with him and he should please publish proofs, if otherwise. Premium Times is the only media house in Nigeria that has no eyes to see the truth, it can only be commercial.
‘‘First, Citadel Oracle Ltd, Ibadan has no reputation to transact business with any member of the Group except guaranteed by a credible company or person. How can I and Zinox be indicted, for what? We have no case against us in any court, the Police or EFCC. Please let him publish and tell the world which court in Nigeria summoned me and my staff and I refused to attend to them. I am aware the same Joseph has been accused of attempting to blackmail Access bank Plc, EFCC, the former IGP and current senior Police officers, the Attorney General of the Federation, his Directors and also written the Vice President. After his petition was investigated by EFCC and Police and was found to be absolutely false, he was sued by the Police for false information. I understand he has refused to appear in court to defend a case he reported but instead has chosen to work with the Premium Times to tarnish the image of credible Nigerians.
‘‘Mr. Joseph is well known for his antics and works with select media to blackmail and extort money from people. We are aware he is being sponsored by our competitors to destroy my global Platinum credit rating by writing rubbish but they forgot we are in the 21st century where data is king and that I have built my Group as a child of trust economy for over 35years. He is happily feeding on the fund he is collecting from our competitors and our competitors cannot withdraw from shooting out cash,else he will turn against them,’’ he stated.
In addition, Ekeh counselled participants not to toe the line of other unscrupulous business owners against their competitors.
‘‘Please never waste your time engaging blackmailers against your competitors. Stay focused, you will surely emerge. Blackmailers are loyal to cash and not you. As your business grows, you may not be able to micro–manage. If you receive complaints from customers, please investigate before you react. When I read the fake news on the Joseph case, I hired some security consultants who dug into his past and present and I also investigated my staff and I have comprehensive intelligent report and that was why I called his bluff and that of Premium Times.
‘‘Quality security report saves companies a lot of cash. You must provide for it under your legal budget. We have been in business for 35years. This is our first major blackmail attempt because a lot of people who tried it in the past withdrew on their own, because we will never pay. Mr. Joseph has just hired one Damilola Olujide of SOL PR after credible media houses refused to accept the fake publication by Premium Times. It is just a smart move to add more publications to their fake news.’’
Continuing, Ekeh told budding entrepreneurs during the session that the second source of distraction are awards and recognitions.
‘‘I advise you to focus on building successful business and don’t waste your time looking for awards when you have built nothing. In Africa, you have seen companies win awards as the best in their sector, only to file for bankruptcy same year. Immediately you focus on awards and different recognitions, you have started to fail, but when you truly achieve, you will be sought after and you know you really earned such recognitions.
‘‘During our time, awards by perception was proof that you are very successful. This time around, a lot of people can use their devices and remotely know the health of your company. Again, using my companies and myself as a good example, we are in an unusual business which is technology business and we only stayed focused on technology-related awards and recognitions. We have politely rejected many non-related and political-driven awards because it does not add value to our companies.
‘‘You must appreciate the fact that some of the organizers are innocent and just want to recognize you or your company. Be selective and accept awards that add impetus to your brand. It is important to build a structured company that will win quality awards in future. Last month for example, I received a letter from AMAC Abuja for a street to be named after me. I thanked them but could not reconcile why a street should be named after me because I have a different view about life.
‘‘All my colleagues, friends and families know that I don’t want to be celebrated after my death because I am not on earth to be appreciated. They proposed a street which I funded the construction with my friend and still it did not make sense to me because the intention wasn’t for it to be named after me. On their own, they named it after me. Yes, I know I have reasonably achieved and could be so honored, but frankly, what value does it add to me, my family and group? I am not a status-driven entrepreneur, so cannot reconcile it. I have written to appreciate them with a clause and that is confidential. Again, please focus to achieve and all other things shall come to you as a right,’’ he stated.
Meanwhile, Ekeh, a global advisor to globally renowned tech giant, Microsoft, identified the third and final factor as conscience.
‘‘This will answer a lot of queries you people raised when the HealthPlus controversy broke out. Conscience, you may like to note, is the biggest asset God gave to us free of charge, but a lot of people ignore their conscience and build wealth that end up destroying them. It is more important to build wealth that earns you respect amongst friends, colleagues and families. You must prick your conscience in your relationship with customers, partners and even enemies. This is the only way to sustain prosperity and peace of mind.
‘‘First, I want to state here that I have the highest regard for Mrs. Bukky George, founder and CEO of HealthPlus. It is extremely difficult for a man to achieve the pharmacy chain she has built. There is no way on earth I would support the hijack of her company and by a foreign company for that matter. My mother was a successful entrepreneur, my wife, my daughters are all successful entrepreneurs.As a man, I know the pain they go through and that was why I described her as a miracle child.
‘‘It will be spiritually wrong for me to think anyone at all should not benefit from the sweat of his or her effort. Like I explained, I do not and will not own a kobo share in any of their companies. I only advise those who seek my advice and that was what I did and may be it was innocently misunderstood, but I consider Mrs. Bukky George a brilliant entrepreneur and she has realized the truth and we are best of friends again. You must have a forgiving mind to be truly successful.’’
The serial digital entrepreneur concluded by advising them that as they build, they must learn from their past mistakes to strengthen the future.
‘‘To be successful and sustain it in Africa, you must be close to God, or Allah if you are a Moslem. There is a lot of envy if you are perceived successful, but the future holds a lot of promises as most of the obstacles today would have been dismantled in the next 15 years,’’ he concluded.
The forum which held via Zoom also witnessed a question and answer session from participants.
E-Business
82% of Organizations Concerned about AI Risks Even as Adoption Accelerates – Survey Reveals

At its recent Cyber Security Weekend for the Middle East, Turkiye and Africa (META) region Kaspersky shared the results of a global study conducted by its internal research center which surveyed 1,800 IT and cybersecurity decision-makers and specialists from organisations across 18 countries and multiple industries.

The report shows that the pace of AI integration across organisations is rapid, despite associated risks. The company’s experts stressed that while AI adoption delivers clear efficiency gains, it must be accompanied by robust cybersecurity solutions, well-defined internal procedures, and comprehensive employee education programmes.
The report highlights a clear organisational preference for AI-enhanced technology: 68% of respondents said they would recommend a solution with AI features built in, while a mere 5% indicated they would prefer to avoid AI-enabled tools. This overwhelming endorsement underscores how deeply AI has embedded itself as a value driver across the modern enterprise.
AI has become a mainstream productivity tool spanning many business functions. The global survey findings confirm that employees across departments are already relying on AI tools for a wide range of everyday tasks, including: data analysis & visualisation (54%), project management (49%), search for information (47%), department-specific tasks (46%), text generation and editing (41%).
While organisations recognise the tangible benefits AI tools bring – including improved process efficiency and enhanced quality of deliverables – they also see the associated dangers. 82% of respondents voiced concerns about the risks AI poses to their organisation. These concerns are grounded in real-world experience.
Among the 87% of organisations worldwide that faced a cyber incident in the past year, 13% reported that they had experienced threats stemming specifically from AI-related vulnerabilities.
Notably, 74% of respondents believe that these risks can be effectively mitigated through employees’ responsible behaviour — pointing to the critical importance of security awareness and training in the AI era.
“The speed at which organisations are embracing AI is remarkable, but it must be matched with an equally strong commitment to security. We are already seeing a growing range of threats directly tied to AI adoption – whether it’s malware camouflaged as popular AI tools, vulnerabilities introduced through unsecure vibecoding, or leaked access credentials to corporate AI platforms and malicious skills by AI agents.
Managing these risks requires a holistic approach: the right technology, well-defined procedures, and a security-aware workforce,” comments Brandon Muller, senior security consultant for the META region at Kaspersky.
E-Business
How Temu Helped a Madagascan Vanilla Family Business Sell Direct to Consumers Across Europe

Malagasy Vanilla has transformed its decades-old wholesale business by embracing direct-to-consumer sales through Temu, enabling the family-run company to reach customers in 14 European markets while significantly reducing logistics costs.

For years, premium Madagascan vanilla supplier Malagasy Vanilla sold exclusively to restaurants, bakeries and wholesalers because the cost of shipping a single pack to individual customers often equalled the value of the product itself. That changed after the company joined Temu’s Local Seller Program in November 2025.
The Belgian-based business, which sources high-quality vanilla from Madagascar, has leveraged Temu’s logistics network to cut domestic shipping costs by nearly half through a partnership with Belgian postal operator Bnode. The move has enabled the company to enter the retail market for the first time and quadruple its sales within four months.
According to Belinda Rabenandrasana, co-Chief Executive Officer of Malagasy Vanilla, Temu has opened up an entirely new customer segment for the company.
“Temu opened a new avenue for us,” she said. “We were finally able to explore selling to individuals.”
The platform now contributes between five and 10 per cent of the company’s overall revenue.
Expansion into 14 European Markets
Malagasy Vanilla is among businesses participating in Temu’s Local Seller Program, launched in Europe in 2024 to help local merchants expand beyond their domestic markets.
Through partnerships with more than 150 logistics providers across Europe—including Bnode in Belgium, La Poste in France and DHL Group in Germany—Temu offers sellers access to affordable shipping and delivery infrastructure without requiring major investment in logistics.
After successfully establishing direct-to-consumer sales in Belgium, Malagasy Vanilla expanded into 14 European countries, including Germany, France, Spain and Poland.
Rabenandrasana said the logistics support, competitive shipping rates and seller assistance provided by Temu made the expansion possible.
“Without Temu and its partnership with Bnode, it would have been very difficult for a small business like ours to start selling directly to consumers,” she said.
She added that Temu also assists sellers in managing regulatory requirements such as the European Union’s Extended Producer Responsibility (EPR) compliance, making cross-border operations easier for small businesses.
Three Generations of Vanilla Expertise
Malagasy Vanilla traces its roots to three generations of the Rabenandrasana family in Madagascar’s vanilla industry.
Belinda’s grandfather began trading vanilla locally, while her father expanded operations across Madagascar. She launched the company’s international business in 2017, supplying premium Madagascan vanilla to European restaurants, pastry shops and food wholesalers before establishing operations in Belgium in 2023.
The company partners with growers and producer associations in Madagascar, where between 20 and 40 workers oversee the six- to 10-month curing process that transforms green vanilla pods into premium black vanilla.
Operations in Belgium focus on packaging, quality assurance and distribution.
Customer Reviews Drive Growth
Under its Lavani brand, Malagasy Vanilla sells gourmet-grade whole vanilla pods targeted at both professional chefs and home baking enthusiasts.
Rather than relying heavily on paid advertising, the company has benefited from Temu’s product discovery tools and customer reviews, helping the niche brand gain visibility organically.
According to Rabenandrasana, strong customer feedback has played a significant role in increasing traffic and boosting sales.
The brand currently maintains a customer review rating exceeding 99 per cent on the platform.
Future Plans
Looking ahead, Malagasy Vanilla plans to expand its European footprint further by establishing a warehouse in France and increasing sales across the continent.
The company is also developing new products, including vanilla extract and vanilla sugar, while planning to open a physical retail and production facility in Belgium later this year.
In addition, it intends to launch a social-impact initiative aimed at supporting vanilla-growing communities in Madagascar.
Reflecting on the company’s evolution, Rabenandrasana said the business continues to build on her family’s legacy.
“My grandfather worked locally, my father expanded nationally, and now we are building internationally,” she said.
E-Business
FG Must Consider Data Security, Sovereignty in 3MTT Initiative – Stakeholders

Stakeholders in Nigeria’s digital economy have urged the Federal Government to review its partnership with global recruitment platform Hello.cv under the 3 Million Technical Talent (3MTT) programme, citing concerns over data security, digital sovereignty and the country’s “Nigeria First” policy.

3MTT
The concerns follow the Federal Ministry of Communications, Innovation and Digital Economy’s announcement on May 6 of a 10 million-dollar partnership with Hello.cv aimed at increasing the global visibility of Nigerian technology professionals.
Under the initiative, 20,000 selected 3MTT fellows will receive a global professional profile package, including an Artificial Intelligence (AI)-powered job search agent, a professional curriculum vitae (CV) writer and a personal .cv domain, valued at 500 dollars per participant.
While stakeholders acknowledged the programme’s potential to improve global employment opportunities for Nigerian tech talent, they expressed concerns about the implications of hosting participants’ digital identities and data on a foreign domain.
Chief Executive Officer of Cyberchain and Global Digital Economy Strategist, Engr. Jude Ozinegbe, said the arrangement raised important questions about data ownership and jurisdiction.
According to him, registering domains under an entity outside Nigeria gives that entity a degree of control over activities associated with the domain.
“When you register your domain under a different entity outside your jurisdiction, that entity will have access to whatever is happening within that domain.
“In the long run, the Nigeria Data Protection Commission (NDPC) may have to examine the agreement and assess the security implications of such domain ownership,” he said.
Ozinegbe urged the NDPC to review the security protocols employed by Hello.cv to ensure compliance with Nigeria’s data protection regulations.
Also speaking, Ugonma Egwuatu of ECAM Global Services, an information and communications technology and data protection firm, said the security of data belonging to 20,000 fellows should be of significant interest to regulators.
She noted that while the ministry had the authority to determine how the programme was implemented, there was a need for greater transparency regarding the handling of participants’ personal information.
“The NDPC requires its registered Data Protection Compliance Organisations (DPCOs) to subscribe to the .ng domain.
“If a government ministry permits trainees to operate on a foreign domain, then the commission should examine the arrangement because we are dealing with the data of 20,000 Nigerians,” she said.
Egwuatu also called for clarity on how data generated through the platform would be processed, stored and protected.
“There should be explanations regarding the backend. What are they doing with the data of people who visit these sites? Why use a foreign domain instead of the .ng domain? These are legitimate questions that deserve answers,” she said.
She added that government should ensure appropriate third-party agreements and safeguards were in place before implementing such initiatives.
On his part, Chief Executive Officer of DNS Africa, Dr. Adebunmi Adeola Akinbo, said the objectives of the programme could still have been achieved while leveraging Nigeria’s country code top-level domain.
According to him, Hello.cv could have registered a hello.cv.ng or hellocv.ng domain in collaboration with the Nigeria Internet Registration Association (NiRA).
“The .ng domain can conveniently accommodate such a platform. If Hello.cv intends to onboard millions of Nigerians, it can work with NiRA to create a local domain structure.
“That way, the investment remains within Nigeria, strengthens the digital economy and supports local internet infrastructure,” he said.
Akinbo argued that excluding the .ng domain from the initiative undermined Nigeria’s digital identity and sovereignty.
“As good as the programme may sound, leaving the .ng domain outside this engagement and taking Nigerian data outside the country’s digital jurisdiction is not the best approach,” he said.
Also commenting, Founder and Chief Executive Officer of Precise Financial Systems Ltd., Yele Okeremi, stressed the importance of ensuring that investments in Nigeria’s digital economy create long-term domestic value.
According to him, building a sustainable technology ecosystem requires more than developing skilled professionals.
“Investment, particularly in technology and the knowledge economy, is not just about having smart people.
“It is also about who owns the infrastructure and who ultimately benefits from the value created. Nigeria must ensure it retains as much of that value as possible,” he said.
Similarly, Chief Executive Officer of the Internet Exchange Point of Nigeria (IXPN), Muhammed Rudman, described the use of foreign domains for a government-sponsored initiative as inconsistent with efforts to promote Nigeria’s digital economy.
“I don’t know where this idea came from, but it is unpatriotic for Nigerian companies funded by Nigerian resources to adopt .cv domains instead of .ng.
“Global companies such as Google register country-specific domains like google.ng when operating locally. Registering 20,000 additional .ng domains would improve Nigeria’s online visibility and strengthen the local internet ecosystem,” he said.
Rudman urged the Federal Government to support indigenous digital infrastructure by encouraging the use of the .ng domain.
The 3 Million Technical Talent (3MTT) programme is a flagship initiative of the Federal Ministry of Communications, Innovation and Digital Economy aimed at equipping Nigerians with globally relevant digital skills.
The programme provides free training in areas including software development, artificial intelligence, cloud computing, cybersecurity, data analytics, machine learning, animation, DevOps and user interface/user experience design through a hybrid learning model.
Stakeholders maintained that while the partnership with Hello.cv could expand international employment opportunities for Nigerian technology professionals, greater attention should be paid to safeguarding the country’s digital assets, promoting local internet infrastructure and ensuring compliance with Nigeria’s data protection framework.
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