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ESET Targets 90% Cost Drop On IT Security Solution for Undergraduates

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ESET Nigeria has given more details on the recent partnership with the National Information Development Agency (NITDA) which intends to take information technology (IT) security awareness to the grassroot.

Mr. Olufemi Ake told Nigeria CommunicationsWeek how the initiative will assist individuals, especially students (in tertiary institutions), cut their IT security solution budget by 90%, while enabling ministries, departments and agencies of Government and organization combat cyber threats.

Mr. Ake explains-
ESET MoU with NITDA, What It’s all About

NITDA is a key Agency regulating government agencies and Nigeria’s cyber space as a whole. Basically, one of their key objectives is ensuring cyber security; which is mainly to ensure that our cyber space is ultimately secured. How do we achieve this? Of course, they can’t do it alone. NITDA does not produce or solve IT security problems by way of offering products; they are focused on regulations. So, as a Company, ESET solves cyber security issues. Most of our solutions are geared towards endpoint security, access management control, data management and preventions. We also have encryption solutions to ensure that people do not gain unauthorized access to your files. All these solutions will not be provided to government institutions, corporate entities and individuals; we will be working with NITDA to make these solutions available.

The partnership with NITDA is critical in developing frameworks, standards/guidelines for government institutions to work with to ensure they keep the best level security at information/data exchange. We want the Ministries, Departments and Agencies (MDAs) to see these data as critical resources at their disposals and the need to protect them.

So, the MoU has a two-part strategy. They are, first, to provide guidelines to Government Agencies on how to remain secured in the cyber space. The second part is the ESET Secure School Initiative. We jointly introduced the project to the public last Friday. The initiative is supposed to provide millions of free copies of ESET internet security solutions to the majority of students in Nigeria. We are aware that not all students have connected devices- tablets, laptop or smartphones, but as many as that have, we want them to stay (secured online). Once they show interest as a school or individual, we will get the solution across to them.

ESET views grassroot awareness as one of the ways to improve cyber security in Nigeria. On that basis, we are focusing on the academic environment. This will importantly raise the awareness and consciousness among the academia as they are heavily involved in researches, assignments and therefore generate huge data. If such data are compromised it will adversely impact the economy in general. So, the best way of defense is needed to ensure they do not experience malicious attacks on whatever they are presenting to the world.

We also want to have their channel of data exchange across sectors secured. For example, e-library and e-learning centres must be protected against malicious attacks.       

 

What Motivated ESET Towards the Partnership?  How Would You Rate Nigerian Companies’ Awareness and Competencies In Managing Cyber Security Issues?

In fact, banks and telecos have taken the lead in ensuring we are secured; especially the third party users. The information been exchanged in these two sectors are secured to a very large extent. However, what drove us into this partnership is the fact that Big Data, Analytics, Internet of Things (IoT) and the new trends in the IT world are really pushing cyber security to the extreme. IoT will unleash data in an unimaginable scale. Currently, there are big data downloaded to phones, tablets, and what have you; the length at which these data travel is very fast, especially when they hit the social media. Imagine if your device is very porous and the data is actually having a malware, and it’s downloaded, not minding how important it is, as it travels it generally affect the others who share it. So, out aim is to ensure that each data transmitted through the cyber space is secured.

NITDA is Focused On IT Regulations in Nigeria. Data Breaches have Been On The Front Burner In Nigeria; many Companies Have Lost Data, Fortunes To The Malicious Attackers, Now, What Is The Arrangement To Tackle Issues Even At Corporate Levels.

Apparently, we know that NITDA is an agency set for policy formulation and enforcements, therefore, we have existing policies in place such as the Cyber Security Law of 2015. However, we still have a majority of the institutions not keeping to these policies. How do we work with NITDA in this case? We will obviously point out some areas or holes we discovered while working with some of these institutions. Some of the market intelligent reports we have shall be provided to NITDA. The data will reinforce their drives and give them more key trends in the market to give critical assessment. For instance, they should know the ratio of organisations that are not conforming to thee rules. So, when they are about to enforce a framework in place they would have proven cases to support every claim against/for a particular organisation. That way, NITDA shall have the required data to exact authority in its clime. At the global level, we work with research organisations like the IDC Insights, BMI reports and we conduct surveys in the market as well. Through that we ascertain the pain-points of these organisations and provide consulting advisories to them. From the report we shall provide NITDA can provide the organisations with list of vendors to choose from, not necessarily ESET. That is what makes the partnership interest. But we will be proud to provide solutions to these organisations.

How Will The Solutions Assist Organsiations Overcome the malicious Attacks. Are They Preventive or Post-Attacks Cure?

It depends on situations. We have a solution called ESET Threat Intelligence (ETI); it scans through the cyber space for malware threats coming to you environment. So, it depends on what the company wants. The solution first collects asset from the company like the IP addresses, logos and whatever asset the company has to protect online. We will then be on alert and warn you on a potential threat coming your way. If we are going to provide that to NITDA, then we are looking at gathering all the IP addresses of the nation, which is not possible. But NITDA as an Agency will advise institutions on the authenticity of the solution should they require the network monitored and provide early warning signal. Basically, we are using the partnership with NITDA as a channel to reach out to institutions, corporate organizations and individuals.

We also have thee endpoint solutions- computers, tablets or mobile phones. Once an attack is launched to your specific computer, ESET will automatically flag and block it. As NITDA is providing the advisory to the agencies, those that will patronize us will get special offerings unlike coming directly to us.

The Focus On Awareness At The Grassroot: Why The Schools?

We are focusing on schools, because of the importance of that sector to the economy. We don’t expect the students to have enough resources to cater for their textbooks talk more of cyber security solutions. But they need them, especially with the growing malicious attacks. So, through ESET Secure schools we are not just giving our anti-virus solutions, but will deliver messages to them on why they need to be secured. First, the solution works for everybody, but when it comes to affordability, students are the least to buy. It is our CSR package for the students. Even when you come back to buy you get a discount of 20%. This based on our research and surveys on what students can afford. Aside that, we will offer them quarterly IT Security remote training.

 

With NITDA’s Partnership in Place, Are You Going To Sign Agreement With Individual Schools too?

The MoU agreement with NITDA covers the two scopes of the initiatives. And the DG wholeheartedly, welcomes the ideas. With that students can come to us with their school Identity cards and get about 90% discount for the first buy.

 

 

 

 


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Union Bank Looted: How Former Directors Gambled with Billions and Nearly Destroyed a National Bank

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The former directors and owners of Union Bank did not just fail, they engineered a financial disaster. They manipulated reports, hid massive losses, diverted foreign loans and treated depositors’ money like a private wallet.

 

Union Bank Looted: How Former Directors Gambled with Billions and Nearly Destroyed a National Bank

Union Bank

Investigators uncovered billions of dollars in misconduct. These directors buried over ₦250 billion in losses, piled a $300 million foreign loan onto the bank without protection and then forced Union Bank to carry the burden. They even used the bank’s own funds to buy its shares, an outrageous betrayal of trust.

It didn’t stop there. Over $100 million was pulled out improperly, leaving the bank exposed and struggling. Loans meant for customers were secretly diverted into shady transactions. False reports were sent to lenders. The system was deliberately deceived.

This was not incompetence. It was exploitation.

By 2025, their actions had created nearly ₦400 billion in losses and over ₦147 billion in unpaid charges. The bank was on the edge.

The Central Bank of Nigeria (CBN) stepped in just in time. Without that intervention, Union Bank could have collapsed, dragging others down with it.

Now, the bank is stabilising. But let’s be clear: this recovery is happening in spite of those former directors, not because of them.

They didn’t build value. They destroyed it.

And Nigerians deserve to never forget who was responsible.


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FG, Others Say Nigeria Wastes 38m Tonnes of Food Annually

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Federal government, The European Union (EU), and the United Nations Industrial Development Organisation (UNIDO) have called for urgent and coordinated action to curb food waste and promote sustainable consumption and production practices.

FG, Others Say Nigeria Wastes 38m Tonnes of Food Annually

They warned that when food is wasted, the water, energy, and labour invested in its production are also lost, accelerating climate change and undermining global efforts to build a zero-waste, circular economy.

Speaking in Abuja at the commemoration of this year’s International Zero Waste Day, themed “Food Waste Reduction: Minimisation and Valorisation,” Zissimos Vergos, deputy Ambassador of the EU Delegation to Nigeria and ECOWAS, disclosed that Nigeria wastes approximately 38 million tonnes of food annually, more than any other country in Africa.

He further noted that globally, in 2022 alone, nearly one billion tonnes of food—almost one-fifth of all food available to consumers—was wasted.

“This is not just a loss of food; it is a squandering of precious resources, a missed opportunity to combat hunger, and a direct threat to our planet’s health,” he said.

Vergos stressed that food loss and waste are major drivers of environmental degradation, contributing up to 10 per cent of global greenhouse gas emissions—nearly five times the emissions of the entire aviation sector—and accounting for as much as 40 per cent of global methane emissions.

Highlighting Nigeria’s ongoing efforts, he said: “The Nigeria Circular Economy Roadmap, the establishment of the Interministerial Circular Economy Committee, the push to develop a National Plastic Waste Management Regulation, these are not small gestures. These are structural shifts.

“They signal that Nigeria is not waiting for someone else to solve its problem; it is building the system to solve it from within. Now, today’s theme: food waste reduction, minimisation and valorisation, is the right conversation at the right moment.”

Vergos also shared three key lessons from the EU’s experience to support Nigeria’s efforts. First, he urged investment in rural infrastructure, including roads, storage, and cold chains, to address post-harvest losses beyond the farm gate. Second, he emphasised the need to promote agro-processing by converting fresh produce into value-added products such as tomato paste and cassava flour, while linking smallholder farmers to processors and markets.

Third, he called for embedding zero-waste principles, recycling, and resource efficiency into school curricula from the primary level to foster a culture of sustainability among future generations.

Reaffirming the EU’s commitment, he stated, “The EU stands ready to be your partner in that work, through funding, through technical cooperation, and through genuine solidarity.”

In his keynote address, Balarabe Abbas Lawal, minister of Environment, reiterated the Federal Government’s commitment to environmental protection and sustainable practices aimed at safeguarding the health and well-being of Nigerians.

“Food waste remains a significant challenge that affects not only our environment but also our economy and society. Every discarded meal represents wasted resources such as water, energy, labour, and capital, while Nigerians continue to face food insecurity.

Addressing food waste is therefore central to sustainable development and ensuring a healthier future for all,” he said.

He added: “The Federal Ministry of Environment, in this year’s national appropriation, has developed projects on food waste elimination in major markets around Nigeria. And this is to show you that the Federal Ministry of Environment is tackling the issues of food waste at its core, especially post-harvest losses.”

Stressing the broader impact, he noted that addressing food waste aligns with the Ministry’s core objectives. “Reducing food waste will not only help to lower pollution and greenhouse gases, but also conserve valuable resources and promote more efficient and responsible consumption patterns across households, businesses, and institutions,” he added.

Also speaking, Amb. Philbert Johnson, Director and Representative of UNIDO’s Sub-Regional Office in Nigeria, emphasised that food must not be wasted, especially in a country grappling with food insecurity and malnutrition.

“Food is far more than a commodity: it is a foundation of wealth, a driver of health, and a pillar of security. It sustains our homes, supports industries, and underpins the stability of our societies.

“When food systems function efficiently, they generate income, enhance resilience, and improve well-being. When food systems fail, when food is lost or wasted, the consequences ripple across our economies, our environment, and our communities.”

He reaffirmed UNIDO’s commitment to supporting Nigeria in building resilient, inclusive, and sustainable agro-industrial systems.


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FG Orders Installation of 5000 CCTV Cameras for Surveillance in Plateau

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President Bola Ahmed Tinubu has directed the immediate installation of 5,000 CCTV cameras across identified flashpoints in Plateau State as part of urgent measures to address the worsening security situation in the state.

FG Orders Installation of 5000 CCTV Cameras for Surveillance in Plateau

The President gave the directive during an emergency visit to Plateau on Thursday, where he held a brief stakeholders’ meeting at the Yakubu Gowon Airport following the recent killings in Angwan Rukuba, Jos, where at least 28 persons were killed by unidentified gunmen.

Tinubu also approved the formation of a delegation of key stakeholders to engage in further deliberations on lasting solutions to the security challenges in the state.

He condoled with families of the victims and directed that support be provided to cushion their losses.

President Bola Tinubu while expressing deep sympathy to families of victims said the installation of surveillance cameras was part of a deliberate move towards addressing the kind of attacks that befell residence of the recent attack in the State.

In his remarks, Governor Caleb Mutfwang appreciated the President’s visit and show of concern, but expressed worry over the recent wave of attacks in the state, describing the situation as disturbing and requiring urgent attention.

The meeting had in attendance, former Governors, serving and former National and State Assembly members, traditional rulers, government appointees as well as relatives of those killed in the Angwan Rukuba attack.


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