E-Business
IBM Promotes Innovation at Lagos Hackathon

The technology giant flagged off its pan-African hackathon series recently in Lagos, Nigeria’s industrial and commercial hub with the “IBM Lagos Hackathon”, a four-day technology training and ideas incubation programme codenamed ‘The IBM “Lasgidi” Hackathon’ in reference to the moniker (Lasgidi) used by Lagos residents to describe their city.
Targeted at young technology and computing practitioners, software developers, engineering and computer science students, the IBM Lasgidi Hackathon was attended by about 90 individuals, mostly budding software scientists and students from about 10 tertiary institutions in Nigeria.
Many student participants travelled from parts of Western and Eastern Nigeria to be part of this talent and capacity building programme which will also be convened by IBM in East and Southern Africa in the months ahead.
Taiwo Otiti, country general manager, IBM West Africa formally declared the hackathon event open by advising participants to “get hungry for technology information and always be eager to soak in as much knowledge as they can.”
“I can tell you that talent has never been more important as it is today in the technology sector,” Otiti said.
“Innovation and talent are at the core of the Information Technology revolution with the potential for positive impact on individuals, communities, countries and the world.”
“This ‘IT Impact’ has been due to the evolution of organizational behavior and the growing role that organizations like IBM play in ensuring that many of society’s challenges and problems do not go unaddressed or unresolved. Promoting talent in the field of Science & Technology has therefore become a way of life at IBM,” Otiti said.
The IBM Lasgidi Hackathon will enable and encourage students to build mobile applications that run on mobile devices, compete for innovation grants, and develop new skills. The coding competition will introduce them to IBM’s latest leading technology tools and frameworks to help build smarter and faster software solutions.
IBM is reputedly one of the top corporate promoters of hackathons globally, which is part of the organization’s culture of Research & Development.
The company spends over $8 billion annually on R&D, and has recently opened its 12th research laboratory in Africa, in Nairobi, Kenya.
Hackathons are software programs or projects which seek to create a virtual environment where society’s problems and solutions are simulated and incubated for future development.
Participants at the IBM Lasgidi hackathon focused on developing applications for Mobile Payments and Smarter Government Solutions, two key areas relevant to the development of Nigeria, Africa’s largest economy by population (150 million).
And the location of this hackathon, Lagos, Africa’s most populated city (25 million, according to the United Nations) is home to 80% of Nigeria’s technology industry, according to Nigeria Computer Society (NCS).
“IBM has been helping to power transformation and technology innovation for over 100 years,” Mrs. Adeola Allison, IBM’s West Africa Leader for Developer Relations, Independent Software Vendors, Startups & Academic Initiatives said.
“Focusing on mobile payments and smarter government solutions is therefore a deliberate attempt to make a positive impact and contribution to the innovation agenda of Business and Government in Nigeria.”
IBM Innovation Partners for this Lagos hackathon are the Federal Ministry of Communications Technology, the Lagos State Ministry of Science & Technology, University of Lagos, Airtel, CBC Limited, Wecyclers, Coders4Africa, CcHUB, Smart Campus, ICT Brokers, Quality Certain and other academic and non academic institutions in Nigeria.
E-Business
NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

National Information Technology Development Agency (NITDA) has issued an urgent cybersecurity warning about a serious Microsoft Office vulnerability (CVE-2026-21509) that attackers are actively exploiting.

This advisory, shared through Nigeria’s Computer Emergency Response Team (CERRT.NG), highlights the risks of this flaw and recommends immediate action to protect systems.
Microsoft has released quick security updates to fix this vulnerability, which has a severity score of 7.8, showing it is a serious risk. Attackers have already used it in targeted attacks.
CVE-2026-21509 affects multiple versions of Microsoft Office, including Office 2016, Office 2019, Microsoft 365 Apps, Office 2021, and later versions.
This flaw allows attackers to bypass security features meant to stop harmful Object Linking and Embedding (OLE) controls. OLE is an older Microsoft technology that can be used to embed links or content, but it has often been exploited by malware.
By exploiting this flaw, attackers can create specially designed Office documents.
When a user opens these documents, they can run malicious code or gain further access to the system.
Exploitation requires user interaction, meaning attackers often trick people into opening harmful Word, Excel, or other Office documents. Common methods include using email attachments or files from untrusted sources.
Because Microsoft confirmed that the vulnerability is being actively exploited, they have made emergency security updates available outside their usual schedule. Users and organisations should:
- Install the latest Microsoft Office security updates for all affected versions.
- Restart Office applications for Office 2021 and later to ensure that the updates take effect.
- Use registry-based settings for protection if updates can’t be applied right away.
- Follow good cybersecurity practices, like using endpoint protection and filtering emails.
Microsoft’s updates for Office 2021 and newer versions are automatically applied, but need a restart of the applications to be active.
E-Business
NDPC Investigates over 1,000 Schools over Data Privacy Compliance

Nigeria Data Protection Commission (NDPC) has commenced an investigation into over 1,000 education institutions across the country over compliance with the Nigeria Data Protection Act (NDP Act), 2023.

The move affects federal, state and private universities, polytechnics, colleges of education and technical colleges, marking one of the largest sector-wide compliance checks since the enactment of the law.
In a public notice issued on Thursday by Babatunde Bamigboye, head, Legal, Enforcement and Regulation, the Commission said the probe forms part of its ongoing sector-by-sector enforcement drive aimed at safeguarding the fundamental rights and freedoms of data subjects, as well as strengthening the legal foundation of Nigeria’s digital economy through the trusted use of personal data.
The NDPC directed the affected institutions to submit, within 21 days, evidence of filing their 2024 Data Protection Compliance Audit Returns, proof of designation or appointment of a Data Protection Officer including relevant contact details and a summary of technical and organisational measures adopted to protect personal data within their establishments.
It also requested evidence of registration as a Data Controller or Processor of Major Importance as required by law.
The Commission warned that failure to comply with the notice may result in the issuance of enforcement orders, imposition of administrative fines and possible criminal prosecution in accordance with the provisions of the NDP Act, 2023.
It stressed that compliance is mandatory and not optional for institutions that process large volumes of personal data
The education sector remains one of the biggest handlers of sensitive personal information in the country, including students’ academic records, admission details, biometric data, financial information and staff records.
With increasing digitalisation of admissions, online learning platforms and electronic documentation systems, concerns over data breaches and weak privacy safeguards have grown in recent years.
The Commission maintained that the investigation is in line with its statutory mandate under relevant sections of the Act empowering it to monitor, investigate and enforce compliance across sectors.
E-Business
Chams Carves Out Subsidiary to Support Africa’s Digital Transformation

Chams Holding Company Plc, (Chams Holdco), digital payments and verification firm, has created a new subsidiary which is expected to strengthen the push for Africa’s digital transformation.

The creation of the new subsidiary, ChamsCorp Plc, which took effect from February 1, was made known in a filing to the Nigerian Exchange Limited , according to an announcement.
Chams said that the new subsidiary, which is its 5th, will give a new dimension to its more than 40 years of work in building the digital ecosystem not only in Nigeria, but across the continent and the rest of the world.
The newly created company will focus on three major aspects, namely the manufacturing of digital devices and development of digital infrastructure and services; data center design, construction and operations, and the development and implementation of AI infrastructure and intelligent systems.
It will also contribute to its parent company’s digital ID, digital verification, and trust services offering.
“For nearly four decades, we’ve enabled trust in transactions and identity. Now, we go furthe”
Chams is expanding into AI, data centre infrastructure, and intelligent systems, building the backbone for Africa’s digital transformation,” the company wrote in a LinkedIn post.
“We are not just participating in the future. We are engineering it,” the message added.
According to the Chams announcement, a decision of its Board of Directors appointed members of the pioneer board of ChamsCorp Plc, with renowned banker Mohammed Bashir Yunusa designated as Chairman.
He is described as a well-known finance expert who specializes in deal structuring, corporate and retail finance, business strategy, digital transformation, and Islamic Finance and Banking.
With more than 10 years of experience in the financial services industry, Yunusa currently serves as head of Consumer and Digital Banking for Non-Interest Banking Retail at Sterling Bank Nigeria, and will also serve as a non-executive director on the board.
“Chamscorp is designed to take our most ambitious ideas to market at speed and scale. As Africa’s digital economy evolves, we are focused on delivering transformative solutions that empower governments, businesses, and citizens alike,” Femi Oyenuga, CEO, Chams, commented on the development.
Chams has over the years played a major role in contributing to Nigeria’s digital ID ecosystem development to facilitate access to financial services.
In 2023, the company Group Chairman publicly stated that in providing such digital services to the Nigerian government, it had incurred debts estimated at $100 million and were planning to change their business model as a result.
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