E-Business
Firm Asks Court to Freeze SAP Accounts over Alleged Contract Breach

B4G Consulting Ltd has asked a Lagos State High Court to restrain Systems Applications Products (SAP) from dissipating $3,371,945.27 and N5mllion with 28 Respondents including the Central Bank of Nigeria (CBN) and 21 other banks, pending determination of an alleged contract breach suit.

It is also seeking a Mareva injunction restraining the 1st-28th Respondents from releasing to SAP $3,371,945.27 and N5mllion held with the 1st – 28th Respondents.
It is further seeking to restrain the 1st-28th Respondents from releasing to SAP any funds or other instruments belonging to SAP and held with the 1st – 28th Respondents up to the value of $3,371,945.27 and N5mllion.
It is also praying for an order directing the 1st-28th Respondents to file and serve affidavits before the court within seven days of the grant of the three prayers above, disclosing all funds belonging and/or due and payable to the Defendants/Respondents and held with them, as at the date of service of this motion on each of the Respondents.
The suit, which was formerly before Justice Olukayode Ogunjobi, has now been reassigned to Justice Ezekiel Ashade and proceedings are to resume on March 26, 2021.
B4G Consulting Ltd & Anor, represented by David Ogebe, its counsel, are the Claimants/Applicants in the suit marked LD/ADR/519/2016, while Systems Applications Products Nig. Ltd and Systems Applications Products (Africa Region) (Proprietary) Ltd are the Defendants/Respondents and are represented by Adedapo Tunde-Olowu SAN.
28 others are nominal respondents are National Petroleum Investment Management Services, Nigeria National Petroleum Corporation (NNPC), Nigerian Petroleum Development Company Ltd, Department Of Petroleum Resources (DPR), CBN, Debt Management Office (DMO).
The banks are: Access Bank, Ecobank, Citibank, Fidelity Bank Plc, First Bank, First City Monument Bank, Globus Bank, Guaranty Trust Bank, Heritage Bank, Keystone Bank, Polaris Bank, Providus Bank, StanbicIBTC Bank, Standard Chartered Bank, Sterling Bank, Sun Trust Bank, Titan Trust Bank, Union Bank, United Bank For Africa, Unity Bank, Wema Bank Plc and Zenith Bank.
Apart from the Mareva Injunction, the claimant is also seeking other reliefs in the main suit. These include:
“An order directing the Defendants to pay to the Claimants the sum of $83,169.78 being outstanding and unpaid sums, $117. 60 in respect of hoteling for 8 Consultants from January – September 2010 and $267, 792 being pay for services of consultants between July to September 2010
“An order directing the Defendants to provide full details and render accounts including all reviews and payments received from the NNPC in relation to the ERP System contract between SAP and NNPC
“An order directing the Defendants to pay the full 10 per centum face value of the ERP System contract as valued at its date of completion. less previous payments to the Claimants.
B4G Consulting averred in its July 27, 2020, amended statement of claim that sometime in 2009 the defendants engaged it to help broker, procure negotiate, secure and implement an ERP System contract (the SAP ERP contract with the NNPC.
The consideration provided in respect of the engagement was the supply or provision of services to a minimum of 10 per cent of the face value of any secured contract.
Pursuant to the claimants’ engagement, a contract with an initial value of $36.75m (subsequently revalued to $42m) was negotiated and secured between the NNPC and SAP.
The claimant commenced the supply or provision of services in line with the terms of its engagement by SAP, but before it could provide the minimum 10 per cent of the ERP contract, the Claimant’s provision of services was halted – by SAP vide letter dated 12 July 2010.
It averred that SAP without any investigation and without hearing from the Claimants issued a letter of 12 July 2010 unilaterally imposing fresh contractual terms on the parties including demanding exclusion of the physical presence of the 2nd Claimant from the project.
Despite the Claimant’s letters in response of 20 July and 12 August 2010 respectively, SAP ignored these letters.
“The Defendants did not issue payment advice to the Claimants but only made sporadic lump-sum payments to the Claimants account on 21 and 26 July, and 16 August 2010.
But opposing the claimant’s prayer in its February 22, 2021, amended statement of defence, the defendants described the claimant’s case as frivolous, an abuse of court processes that should be struck out with substantial costs against the claimants.
They averred that the claimant was “not entitled to the $83,698.78, $117,66, $3,371.945.27 claimed in this action or any other judgments. The Defendant states that it has no contractual obligation to make any disclosures to the Claimant with respect to the said contract as alleged.”
It added further: “The Defendant also states that they never agreed that the condition to be provided in part of the ERP contract with NNPC ‘is a minimum 10 per cent of the face value of any contract’ as alleged by the Claimants.”
E-Business
GenAI Adoption Among African workers Outpace Global Peers

Africa’s workforce is embracing artificial intelligence (AI) at a faster pace than global peers, but pressure is mounting for organisations to ramp up digital skills development as generative AI (GenAI) begins reshaping roles across industries.

This is according to PwC’s Global Workforce Hopes and Fears Survey 2025, which shows a continent ready for AI-enabled transformation, but facing a narrowing window to prepare, through skills development initiatives.
The survey, covering nearly 50 000 workers worldwide and 1 753 across South Africa, Algeria, Kenya, Morocco and Nigeria, finds that African employees are already integrating AI into daily operations.
Sixty-four percent of respondents in Africa used AI tools in the past year, compared to 54% globally, and the sentiment is overwhelmingly positive. While only 17% report using GenAI every day, confidence in its benefits is high: 76% believe GenAI improves work quality, and 72% expect AI-driven productivity gains within three years.
In SA, executives are even more bullish, as 91% say AI has already lifted both productivity and work quality — a signal that leadership is pushing harder toward AI-enabled ways of working, notes the survey.
However, this optimism is coupled with rising concern about future readiness. Only 35% of African workers believe their skills will still be relevant three years from now. With GenAI expected to affect nearly half of all job roles, PwC warns that the continent’s workforce risks falling behind unless organisations accelerate large-scale reskilling.
Despite the pressures, employees are not standing still. PwC notes that African workers outperform their global peers in proactive learning, recording 15% higher participation in skills-building and receiving 6% more support from managers. This indicates that both workers and immediate supervisors recognise the pace of AI adoption and are pushing to adapt.
PwC Africa people and organisation leader, Dr Dayalan Govender, says the moment calls for decisive leadership. Organisations, he argues, must integrate AI into workforce strategies, accelerate digital adoption, and expand upskilling programmes at scale.
“Africa’s workforce is optimistic and ready for change, but leaders must accelerate digital adoption and invest in future-ready skills to convert this optimism into sustainable growth,” he says.
Beyond the technology shift, the survey captures a workforce hungry for growth but constrained by financial pressure. Many employees are preparing to make career moves: 45% plan to request a raise, and another 45% aim for a promotion in the next year. Yet household financial stability remains strained, with only a third of respondents reporting any money left over for savings.
Still, Africa’s workplaces continue to show strong foundations of trust and purpose — elements PwC believes will be critical in navigating GenAI disruption. More than 55% of workers trust management, and two-thirds say their work feels meaningful, both above global averages.
With AI adoption rising and employees motivated to reinvent their careers, PwC warns that the coming years will determine whether Africa’s early optimism translates into long-term competitiveness as GenAI transforms the world of work.
The report calls for embedding AI into workforce strategies to bridge the gap between optimism and practical adoption, scaling upskilling initiatives to prepare for GenAI disruption, and fostering trust and psychological safety to retain talent and drive innovation.
“For employers, these findings are a stark reminder that they can and should do more to help workers understand, adopt, and embrace AI’s transformative power.
“Employers may need to pay special attention to entry-level workers, nearly a third of whom say they’re worried to a large or very large extent about AI’s impact on their future, even as they’re also curious (47%) and optimistic (38%) about its long-term societal effects,” notes the report.
E-Business
Nigeria Records Highest Weekly Cyberattacks in Africa — Report

Nigerian organisations are facing the highest volume of weekly cyberattacks in Africa, according to the newly released African Perspectives on Cyber Security Report 2025 by Check Point Software Technologies Ltd., a global leader in cybersecurity solutions.

The report revealed that Nigerian firms experience an average of 4,200 attacks per week, significantly higher than the continental average of 3,153 and 60 per cent above the global average of 1,963 attacks per organisation.
The findings highlight a sharp rise in attacks across Africa, driven largely by artificial intelligence-enabled threats.
Kingsley Oseghale, country manager for West Africa at Check Point, said attackers are increasingly using AI to automate phishing, impersonation, and cloud exploitation.
“AI has become part of the attack surface,” Oseghale said. “Attackers are using it to automate phishing and identity theft at scale. The only effective response is prevention-first security that combines visibility, governance, and AI protection.”
The report noted that cybercriminals are exploiting exposed identities and misconfigured systems to target critical sectors, including finance, energy, telecoms, and government.
Identity-led intrusions, AI-generated phishing campaigns, and multi-vector ransomware are on the rise.
Across the continent, Check Point identified key trends in different markets. Nigeria is experiencing business email compromise and cloud exploitation; South Africa faces rising ransomware, smishing, and botnet infections such as Vo1d and XorDDoS; Kenya has seen ransomware targeting critical energy infrastructure; and Morocco has experienced coordinated government and education-sector disruptions via DDoS and website defacement attacks.
The report highlights five major shifts shaping Africa’s cyber risk in 2025.
Traditional ransomware has evolved into data-leak extortion, AI-generated deception is widespread, and identity has emerged as the new security perimeter.
Weak cybersecurity, the report warned, can now affect international market access under regulations such as the EU’s NIS2 Directive, making digital resilience an economic necessity.
The study urged African businesses and governments to adopt prevention-first security strategies, including continuous risk assessment, regulatory readiness, and public-private collaboration.
Oseghale emphasised that, as AI reshapes operations, cybersecurity must shift from reaction to prediction.
“The real challenge is not adopting new technology but securing the trust that underpins it,” he said.
E-Business
Jumia’s Data Shows Nigerians Turning to Digital Retail to Navigate Inflation Pressures

As Black Friday 2025 unfolds across Nigeria, new insights from Jumia’s Q3 2025 financial results reveal that more Nigerians are relying on digital retail to navigate inflation and rising living costs.

The data points to a more deliberate, value-driven shopper, one using online platforms to stretch budgets, compare options quickly, and extract more value from each purchase.
Jumia reported a 30 percent year-on-year increase in physical goods orders, while Gross Merchandise Value for physical goods rose by 43 percent.
This stronger GMV growth highlights a clear behavioural shift: consumers are assembling higher-value baskets by combining essentials with premium or long-term household items. Online retail is serving as a tool for strategic planning, not just convenience.
According to Temidayo Ojo, Chief Executive Officer of Jumia Nigeria, Black Friday now plays a more critical economic role. “Households are using digital retail to defend purchasing power. They plan their lists, compare prices instantly, and rely on the reliability and convenience that e-commerce offers,” he said.
This year’s Black Friday trends show growing demand in categories that directly support daily living. Household essentials and FMCG products are seeing significant uptake as families stock up during price drops. Home and kitchen equipment is also experiencing stronger demand as shoppers prioritise practical, durable tools. Affordable fashion and beauty products are gaining momentum as discounts make them more accessible.
Consumer behaviour in the lead-up to the sales period further reinforces this shift. Jumia recorded a notable increase in “Add to Wishlist” and “Add to Cart” activity, signalling more planning and fewer impulse purchases. The gap between GMV and order growth indicates that customers are optimising baskets using bundles, vouchers, and promo combinations, behaviours uniquely suited to digital platforms.
With inflation intensifying the need for smarter buying, trust markers on Jumia, such as verified sellers, official brand stores, ratings, and clear return policies, are becoming more central to decision-making. Authenticity and durability now outweigh the appeal of the lowest price.
Jumia’s logistics footprint is making these benefits available nationwide. Its 30,000 sqm Isolo fulfilment centre, 480 pickup stations, and 62 logistics partners ensure that customers in secondary and peri-urban cities enjoy the same deals as those in major hubs, reducing travel burdens and adding financial value.
Overall, Jumia’s Q3 data and Black Friday trends show that Nigerians are turning to digital retail as a practical, strategic response to inflation, using e-commerce to manage budgets, preserve purchasing power, and make more informed buying decisions.
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