General News
Experts Brainstorm at AITEC Africa Conference
AITEC Africa, the leading organiser of ICT events across Africa, held the 2010 AITEC Banking & Mobile Money West Africa Conference at Eko Hotel’s new world-class conference centre over 11-12 May.
This year’s conference was tagged “Thought leadership and innovation to survive and thrive in a new banking era”.
Sean Moroney, chairman of Aitec Africa in his welcome address explained that “we live in a challenging world, particularly in the banking industry and it is vital for every manager and professional to have access to latest thinking on strategies, technologies and systems on the world market.”
Speaking on Pragmatic Ways to Achieve Financial Inclusion in Nigeria and West Africa, Macauley Atasie, CEO Nextzon Business Services said Financial Inclusion ensures access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost.”
He added that “Financial Exclusion is the lack of access to basic formal financial products and services and credit leading to approaching informal/ exploitative markets.”
He noted that the financially excluded are small vendors, farmers, SMEs, artisans, semi/unskilled workers, unemployed, the poor and uneducated.
“In Nigeria, the structure for MFBs is still evolving, but it is clear that so far, we have not cracked it,” identifying the challenges of MFBs as efficient delivery channels, right products, industry standards and efficiency.
Atasie called for correspondent banking, mobile banking, absence of frills accounts, products with simplified documentation and shared offices back-office infrastructure.
“The current delivery channels of most financial institutions in Nigeria and other West African countries are ineffective at reaching the financially excluded, channels are too far away from the poor and are not modeled to suit their cultural and psychological make up,” he noted.
He said more recent financial inclusion efforts around the world are looking to combine the skills of traditional financial institution players with complementary, non-traditional distribution channels to reach low-income families.
Atasie called on the Central Bank of Nigeria (CBN) and other stakeholders to assist ISPs in accessing international funds for promoting financial inclusion while developing local funds
Hany Fekry, head of Sales & marketing, Mediterranean Smart Cards Company, Egypt while speaking on Smart Cards Challenges & Smart ways to address them, said third party processors were established to provide the experience and know-how to banks and financial institutions at competitive costs.
He said senior managers and decision makers need to focus on positioning themselves among their fierce competitors, and let their technical functions be handled by the experts.
“Outsourcing is rapidly becoming an accepted management tool for redefining and re-energizing the corporation. It challenges today’s executives to rethink the traditional, vertically integrated firm in favor of a more flexible organization structured around core competencies and long-term, external relationships.”
Zain Khan CMC, CEO, Alliances Consulting, Canada, in his presentation on Critical Success Factors in Maximizing Consumer Participation and Acceptance of the Mobile Banking Paradigm Shift said the consumer is imperative as a key strategic variable in the success of mobile banking.
Khan said this explains the need for maintaining a balance between innovation and consumer interests, critical consumer considerations in the supply chain of mobile banking, provide innovative ways to proactively educate consumers and maximize the overall value to consumers in the deployment of mobile banking.
The bank switch panel discussion, was moderated by Foluso Phillips, CEO, Phillips Consulting on the topic, Nigeria’s Banking Switch Landscape: Building a Tower or Babel?
Discussants at the panel were Mitchel Elegbe, managing director, Interswitch, Francis Ebuehi, managing director of Chams Switch, Ike Nnamani, managing director, Medallion Communications and Barry Ryan, director, Kenswitch, Kenya.
Francis Ebuehi, managing director, Chams Switch said stakeholders must be involved in the policy and procedures of the National Central Switch. He said there must be strict adherence to professionalism built on the concept of separation of roles for a successful switch.
Ike Nnamani, managing director, Medallion Communications said seamless interoperatability poses a challenge to epayment while calling for a proactive, knowledgeable regulation with right guidelines.
Mitchel Elegbe, managing director, Interswitch said problems with SAT 3 caused problems with the use of cards. He said banks will bypass the NCS, if not properly structured.
The two day event had a line up of 40 speakers, moderators, workshop leaders and panelists, 20 of whom are international experts, to share their knowledge and insights with local bank professionals in a stimulating and empowering conference environment.
The event also included a world class expo, showcasing leading local and international suppliers of systems and solutions for the financial services sector.
General News
NCDC Enhances Monitoring, Releases Advisory amid Rising Global Hantavirus Cases

Nigeria Centre for Disease Control (NCDC) has intensified nationwide disease surveillance following reports of a Hantavirus infection cluster connected to international cruise ship travel involving several countries.

Dr Jide Idris, director-general, NCDC, in a public health advisory, confirmed that Nigeria has not recorded any confirmed Hantavirus case and stated that the overall public health risk remains low.
According to the agency, the reported outbreak currently involves a limited number of confirmed and suspected infections linked to cruise ship exposure, while international investigations and contact tracing efforts continue.
The NCDC explained that the advisory was released to strengthen national preparedness and encourage vigilance against emerging infectious diseases amid growing global concern surrounding the outbreak.
Health authorities noted that Hantaviruses are mainly transmitted through exposure to infected rodents, their urine, saliva, droppings, or contaminated dust particles. Symptoms may include fever, fatigue, muscle pain, gastrointestinal illness, and in severe cases, respiratory complications.
The current outbreak has reportedly been associated with the Andes virus strain, which has shown limited human-to-human transmission through close contact in previous cases.
The NCDC stated that enhanced monitoring systems have been activated nationwide to support early detection and rapid response efforts.
The agency also urged Nigerians to maintain proper hygiene, prevent rodent infestations, safely store food items, and avoid exposure to rodents and contaminated environments.
Officials further advised the public to rely only on verified information from recognized health authorities and avoid spreading misinformation regarding the outbreak.
General News
Moniepoint Partners GDG Lagos, Women Techmakers to Empower the Next Generation of Women Architects in Tech

In a critical move to bolster talent density and accelerate Nigeria’s digital economy, Africa’s all in one financial ecosystem, Moniepoint hosted an International Women’s Day event bringing together women in technology for a day of leadership development and hands-on product building.

Held at Moniepoint’ Headquarters in Lagos, themed “Break the Pattern,” the event was organised in partnership with Women Techmakers Lagos and Google Developer Group (GDG) Lagos with participants spanning both technical and non-technical backgrounds, reflecting the breadth of women currently active across Nigeria’s digital economy.
In a keynote address delivered by Kemi Nwogu, Head of Product at Moniepoint Inc, titled “Breaking the Pattern: How Women Can Redefine the Future of Tech,” she made the case that progress for women in technology requires not just access to existing structures, but the tools and confidence to reshape them. Furthermore, Nwogu issued a bold call to action, urging attendees to move beyond traditional career playbooks and take ownership of shaping the industry’s future.
“From a young age, many girls have been subtly discouraged from pursuing science and tech. They are told sometimes directly, sometimes indirectly, that tech is too hard, too technical, or simply not for them. These patterns are not facts, they are constructs. And what has been constructed can be deconstructed! The future of tech needs leaders who build people, not just products, cultures, not just systems,”said Nwogu.
On building skills with purpose, she urged women to “show up everyday, make small, steady progress with online courses, coding bootcamps, open-source projects while leveraging the full ecosystem; take on challenging tasks as your greatest classroom using real problems to build real skills; while knowing why you’re building a skill as every learning goal can be tied to a career journey.”
This thematic fare of the event was further explored in a panel discussion, “Unscripted: Leading Beyond the Patterns We Inherited”, moderated by Atinuke Oluwabamikemi Kayode and featuring leaders from fintech, creative design, and software engineering space, including Chukwu Adaeze (Creative Director, CAV Digital), Chinenye Ogbu (Customer Experience Lead, Hydrogen), and Motunrayo Koyejo (Senior Software Engineer, Cowrywise).
The robust and extensive conversation examined the professional archetypes that have historically defined leadership in the Nigerian tech ecosystem: the engineering culture that equates output with exhaustion, the creative industry’s tendency toward top-down authority, the script-driven rigidity of customer-facing roles. The panelists also provided deep insights into how they had navigated and, in places, dismantled those patterns within their teams and organizations.
The event went beyond conversations to a hands-on workshop, Prompt to Production, facilitated by Taiwo Famakinde which guided attendees through modern product development from prompt design through rapid prototyping to the deployment of a functional application using AI tools.
A lot of the participants entered with little to no prior experience building software products. The workshop then fed directly into a Buildathon, where participants developed and deployed their own solutions in real time, with the strongest builds recognised and rewarded at the closing ceremony.
“IWD celebrations are often heavy on inspiration, but we wanted to offer something more, a proof of capability. Oftentimes, there is a gap between having ideas and actually building them, and we set out to bridge that by creating a space where women could easily deploy their ideas into live products with AI in just a few hours. By the end of the day, something that once felt complex due to the fast pace of AI started to feel possible.
“Our participants left with both the technical confidence to build and the leadership frameworks to navigate their careers on their own terms, ensuring they are no longer just participants in the tech ecosystem, but the architects of its future. They are now ready to test their ideas and lead without waiting for perfect conditions or a full team.” said Funke Olasupo, Co-organizer, Women Techmakers Lagos.
Interestingly, the “Break the Pattern” event sits within a broader investment in Nigeria’s technology talent pipeline that Moniepoint has deployed over the years. As one of Nigeria’s most significant fintech employers, the company runs a critical engine that sustains Nigeria’s formal and informal economy.
Moniepoint has invested in developer community partnerships including its ongoing collaboration with GDG Lagos as well as internal programmes designed to build engineering depth across product domains that include its highly successful Women in Tech initiative, DreamDevs, HatchDev and the government’s acclaimed 3MTT programme.
General News
Google Disrupts AI-Driven Cyberattack, Warns of Emerging Security Risks

Google says it has disrupted an attempt by a criminal group to use artificial intelligence (AI) to exploit a previously unknown software vulnerability, highlighting growing concerns over the use of AI in cybercrime.

The technology company disclosed this on Monday, saying the hackers planned to exploit a “zero-day” vulnerability in an unnamed company’s digital system before the attack was intercepted.
A zero-day vulnerability refers to a software flaw unknown to the vendor or security teams, leaving no time to develop a protective fix before exploitation.
John Hultquist, Chief Analyst at Google’s threat intelligence arm, described the incident as a significant shift in cybersecurity threats.
“It’s here. The era of AI-driven vulnerability and exploitation is already here,” Hultquist said.
According to Google, the attackers intended to exploit a security flaw that would have allowed them to bypass two-factor authentication and gain access to a widely used online system administration tool.
The company said it had notified the affected firm and relevant law enforcement agencies, successfully disrupting the operation before any damage occurred.
Google, however, declined to identify the targeted company, the threat actors involved, or the AI model used in the attempted breach.
The firm said preliminary analysis suggests the hackers used a large language model, similar to those powering popular AI chatbots, to identify the vulnerability.
Google noted there was no evidence linking the attempted attack to any government-backed operation, although groups connected to China and North Korea have reportedly explored similar AI-enabled cyber techniques.
The disclosure comes amid growing debate over the regulation of increasingly advanced AI systems capable of coding, vulnerability discovery, and cybersecurity analysis.
Recent advancements in AI hacking tools, including Anthropic’s newly announced cybersecurity-focused model, Mythos, have intensified concerns among governments and technology firms worldwide.
The U.S. government has also stepped up oversight of advanced AI systems, with the Commerce Department recently announcing agreements with major technology firms, including Google, Microsoft, and xAI, to evaluate powerful AI models before public release.
Industry analysts warn that while AI could strengthen cybersecurity by helping organisations detect and patch software flaws faster, it could also accelerate cyber threats by enabling criminals to discover and weaponise vulnerabilities at unprecedented speed.
Dean Ball, Senior Fellow at the Foundation for American Innovation, said governments may need to consider stronger oversight of advanced AI tools.
“I don’t like regulation. I would prefer for things not to be regulated. But I think we need to in this case,” Ball said.
Experts say the growing use of AI in cybersecurity could create a transitional period of heightened digital risk before stronger defences are developed globally.
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