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Leo Stan Ekeh’s Million-Dollar Advice to Techpreneurs in Nigeria @ eNigeria

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Technology Entrepreneurs (techpreneurs) in Nigeria need to direct their passion to investments that can pay their bills, while constantly improving themselves with technology set to remain relevant, said Leo Stan Ekeh, founder and chairman, Zinox Group.

Ekeh made the remark during a panel session at the just concluded eNigeria conference and exhibition, organized by the National Information Technology Development Agency (NITDA) at the International Conference Center, Abuja.

The Zinox Group Chairman, in the last three decades, has been in the business of IT innovation, inventions, research and development.

Speaking on ‘Stimulating Nigerian Youth and Women for techpreneurship, Ekeh said, “I have done 360 degrees in the entrepreneurship business and I know I am facing Nigerians who know me. The fundamentals are no right with the Nigerian youths to be successful entrepreneurs. I have and will continue to say this: there are certain things you must get right to succeed. Be humble.

“A lot of entrepreneurs spend all their money in printing call cards, but they don’t have money to do business. So, you must be ready to learn from people who are ahead of you. Secondly, knowledge of the business is key. A lot of people cannot concentrate on a particular line of business for a long time. I have been in this business for thirsty years, computerized the newspapers, big publishing companies, and oil and gas companies.

“You passion counts too, but you must have passion for something that will pay your bills. I see a lot of young people excited because of the hype about technology, but they are looking for money. So, they think it is just to go in and get the money. That talks about the knowledge of the business which is critical. When I started I focused on desktop publishing; a course that led to HP, Microsoft and a host of others to come into the country. But today they are doing business with a lot of us in the country.

“Aside, passion, you must be observant of where the industry and the world is heading to. For instance, it is done us that in about 30 years ahead, it will be illegal for you to drive a car. Whether Nigeria likes it or not we have to queue in. So, if we keep buying cars with steering, how can we be relevant then. In other words, the infrastructure has to be right because we need to be at a par with out counterparts in other countries. We may be thinking of flying cars because of Lagos traffic. Flying cars are already there!

“Before taking the step into entrepreneurship, please search your mind, as there must be an incubation period. Any business you entre today and become a billionaire tomorrow expect some shocks. Note, this country is the fertile ground to invest. However, I am talking to practical entrepreneurs. My problem wasn’t the money, because if that was my primary target I would have cheated everybody and made the money; there was no computer then. My passion was driving me the clients as an ICT evangelist that was unveiling the mystery of computer technology.

“In all these efforts to create wealth you must remain humble because the system intoxicates you. From Technology Distribution (TD) to Zinox with the assembling plant, we have moved to launch the first e-commerce in Nigeria- BuyRightAfrica. It failed due to lack of human capital and technology. Then, Jumia came in to open the system. The founder passed through my mentorship in Harvard, but I couldn’t remember him even when we met later. Konga also launched in Nigeria. Then, my son studied why I failed with BuyRightAfrica and he launched Yudala. Today, Yudala makes an average of N200million. They are not looking at who is the President, Vice President, or who is commanding the polity; they are resilient in their approach with huge backend technology. In the first year, they launched 20 outlets and were the pioneers of online and offline retail outlets in Africa. About this time last year, during Black Friday sales, Yudala delivered an item by a drone which took security agencies about six months to understand what he did. Basically, I am saying, humble yourself and be very close to your God or Allah, because he is the end in all.

“And when you are building as an entrepreneur, plan to have reserve. I am research enthused. You must save for the rainy day. In the present economic realities I told my staff we are not going to ‘fire’ anybody, because they worked with me from nothing. However, you must remain productive and inundated on the innovations in the industry, to remain part of us. I am ready to sleep on the floor with them, because we have seen entrepreneurs who buy good cars and dresses and attach al lot of important to it. It is good to look good, but have reserve for the rainy day. If you are successful today, note that it is more critical that you are successful tomorrow.

“And to the government, if you can take 10% of what you put into agriculture (yet food is expensive) and invest in IT, you do not need to employ people. When I heard government is employing 200,000 people what are they going to do? now, I launched a new foundation and through that platform and Yudala (which is setting up 4o new stores), young and brilliant Nigerians will be engaged to do the work. By doing that, you can employ people are ready for it, not based on political ground”.        

 


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Kaspersky Detected More than 92,000 Malware Attacks Disguised as AI Services in Four Months

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In conjunction with its participation at the AI Everything Kenya x GITEX Kenya conference, global cybersecurity company, Kaspersky, has revealed that from January to the beginning of May 2026, Kaspersky solutions detected more than 92,000 attacks of malware and potentially unwanted applications worldwide disguised as popular Artificial Intelligence (AI) agents and AI services.

Cybercriminals exploited trusted brands to lure victims into downloading malicious files, with fake ChatGPT applications accounting for 49% of all detected attacks, while Claude and Gemini each represented 18%.

Since the beginning of the year, Kaspersky researchers have identified more than 15,000 samples of malware masquerading as agentic AI software, including fake versions of rapidly growing tools such as OpenClaw. Among these samples were banking trojans, spyware, exploits, and malware downloaders capable of deploying additional malicious payloads.

In May 2026, Kaspersky Global Research and Analysis Team also uncovered a new campaign linked to the Silver Fox advanced persistent threat (APT) group. In this operation, attackers distributed fake Claude AI applications for Windows, macOS, and Linux, targeting users seeking access to AI tools. Once launched, the malicious installers silently deployed malware onto victims’ devices, enabling long-term access to compromised systems and sensitive information.

“The introduction of AI agents into enterprise environments changes the nature of trust itself. Every automated action becomes part of a wider chain of systems and data exchanges, which means security is no longer just about protecting endpoints – it is about controlling how intelligence, permissions, and decisions propagate across interconnected AI-driven processes,” explains Dmitry Galov, Head of Russia and CIS units at Kaspersky Global Research and Analysis Team.

“Users should also keep in mind that attackers are actively leveraging popular AI services as a lure to steal victims’ confidential data and funds. Taking into account the evolution of modern threat landscape, reliable security solutions are becoming an essential part of digital life.”

Kaspersky recommends organisations to protect corporate infrastructure against a wide range of threats by using solutions such as from the Kaspersky Next product line that provide real-time protection, threat visibility, investigation and advanced response capabilities.

If a company lacks cybersecurity personnel, it can adopt managed security services such as Kaspersky Managed Detection and Response (MDR) and / or Incident Response that covers the entire incident management cycle – from threat identification to continuous protection and remediation.

Organisations should also equip their cybersecurity team with in-depth visibility into cyber threats targeting the organisation. For example, the latest Kaspersky Threat Intelligence delivers rich, contextual insights throughout the entire incident management cycle, enabling timely identification of cyber risks. AI-powered open-source intelligence search enhances cybersecurity teams’ ability to uncover and respond to emerging threats with greater precision.

Individual users are advised to stick to AI services from reputable companies with strong privacy and security track records. Avoid using anonymous or unknown bots that could be designed to harvest data. Malicious or fake AI bots may attempt to extract personal information to commit fraud, phishing, or blackmail. To protect your data, use a security solution to prevent visits to phishing sites and stop malware installation.

 


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Identy.io, US Firm Eyes 1Bn Biometric Verification Transactions in Nigeria

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Identy.io, a United States-based cybersecurity and mobile biometric authentication company, has announced plans to process one billion biometric identity verification transactions in Nigeria within the next few years as digital banking adoption continues to expand across the country.

Identy.io, US Firm Eyes 1Bn Biometric Verification Transactions in Nigeria

The company said increasing demand for secure digital identity systems within the banking, telecommunications, and public sectors is creating fresh opportunities for biometric authentication solutions, especially as financial institutions strengthen compliance and anti-fraud measures.

Speaking at an executive roundtable on mobile biometric innovation in Lagos, Jesus Aragon, chief executive officer, Identy.io, said Nigeria’s fast-growing digital financial services sector requires more reliable and scalable identity verification technology to support customer onboarding and transaction security.

He explained that the company’s mobile biometric solution enables users to verify their identities directly from their smartphones without depending on physical scanners, external devices, or centralized processing infrastructure.

The technology supports fingerprint and facial verification while functioning effectively in areas with limited internet connectivity.

According to Aragon, the platform is designed to integrate with Nigeria’s Bank Verification Number (BVN) system and the Nigeria Inter-Bank Settlement System (NIBSS), allowing financial institutions to carry out secure remote identity authentication.

He stated that the company’s technology includes liveness detection and deepfake identification features capable of detecting fake fingerprints, manipulated images, masks, and other fraudulent identity attempts during digital onboarding processes.

The Identy.io boss added that the company’s offline verification capability distinguishes it from several existing solutions in the market, noting that biometric authentication can be completed entirely on users’ mobile devices without constant internet access.

He further disclosed that biometric information captured during authentication remains on the user’s device instead of being transferred to external servers or centralized databases, reducing exposure to data breaches and cyberattacks.

Industry stakeholders at the roundtable also discussed the increasing pressure on Nigerian banks to improve customer verification processes following stricter regulatory directives by the Central Bank of Nigeria on Know Your Customer (KYC) compliance and fraud prevention.

Participants noted that agency banking operations in rural and low-connectivity locations continue to face security and onboarding challenges, creating demand for stronger and more flexible authentication systems.

Aragon maintained that biometric authentication could significantly reduce fraud associated with passwords and one-time passwords (OTPs), stressing that biometrics provide stronger identity assurance for financial transactions.

The company also confirmed that it has expanded its footprint across Africa, Latin America, and the United States, with operational presence already established in Nigeria and Kenya.

Aragon expressed confidence that Nigeria’s banking and telecom industries would generate massive biometric verification volumes in the coming years as financial inclusion and digital payment systems continue to deepen nationwide.


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TD Africa, HPE Drive Conversations on the Future of Intelligent Networking

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TD Africa, in collaboration with Hewlett Packard Enterprise (HPE) Operated by Selectium, hosted a high-level partner engagement event on May 14, 2026, focused on emerging trends shaping the future of enterprise networking and infrastructure transformation.

TD Africa, HPE Drive Conversations on the Future of Intelligent Networking

TD Africa

The engagement brought together key partners to explore how organisations can build smarter, faster, and more secure network infrastructures capable of supporting today’s rapidly evolving digital economy. Central to the discussions was the growing relevance of WiFi 7 and the shift from traditional networking models to intelligent, AI-driven infrastructure ecosystems.

As businesses continue to accelerate digital transformation, conversations at the event centred on a critical question: Is your infrastructure ready for the speed of transformation? From edge-to-cloud connectivity and IoT integration to AI-enabled networking and advanced security frameworks, the session highlighted the increasing demand for agile, scalable, and resilient enterprise solutions.

Speaking at the event, Dr. Ifee Kojo, Country Manager, HPE Operated by Selectium, highlighted HPE’s commitment to helping organisations modernise their infrastructure and navigate the future of connectivity. “HPE is driving transformation across the entire technology ecosystem, from the data centre to the edge, from IoT to AI-powered connectivity.

“Our focus is on helping businesses strengthen security, improve scalability, and build intelligent infrastructures that support innovation and growth.

“Through our strong partner TD Africa, we can extend these solutions more effectively into the market, ensuring organisations have access to the right technologies needed to compete and thrive in a rapidly evolving digital world,” she said.

Also speaking, Chioma Chimere, Coordinating Managing Director at TD Africa, emphasised the importance of future-ready networking in enabling business resilience and long-term digital growth. “Networking today is no longer just about connectivity; it has become the backbone of enterprise transformation.

“As organisations embrace AI, cloud environments, remote operations, and data-driven systems, the need for secure, intelligent, and scalable infrastructure becomes even more critical.

“TD Africa is committed to ensuring our partners are equipped with the right technologies, insights, and support needed to navigate this shift successfully.

“Our collaboration with HPE reflects our shared commitment to helping businesses modernise confidently and prepare for the future of digital innovation,” she stated.

Through strategic collaborations with global Original Equipment Manufacturers (OEMs) like HPE, TD Africa continues to strengthen its position as a key distributor of enterprise and networking solutions across Africa, enabling partners and organisations to access cutting-edge technologies backed by technical expertise, market reach, and ecosystem support.


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