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OIIE ‎to Host StartUP Friday 5th Edition in Lagos, Ycombinator to Attend

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The fifth edition of StartUP Friday programme of the Office for ICT Innovation and Entrepreneurship (OIIE), a subsidiary of National Information Technology Development Agency (NITDA) has been scheduled for Lagos State.

The event which will hold on Friday 23 September, 2016, promises to be eventful and impactful within the innovation eco-system in Nigeria, said OIIE in an email to Nigeria CommunicationsWeek.

The programme will hold at the Landmark Events Centre, Victoria Island, Lagos from 2.00pm.

StartUP Friday, designed and organized by the OIIE, is a community building event in Nigeria, that is helping startups to connect to investors, mentors, celebrity entrepreneurs, buyers, partners, consultants, developers and policy makers, thus helping the startups to grow and scale their businesses.

From 73 co-founders in attendance in February 2016 to 974 in July with 74 investors, OIIE has deepened the value in startup community building through provision of seed funding, mentorship, grinding sessions, access to national and global platforms for more than 30 tech-driven start-ups in Nigeria.

A key feature worthy of mention in this upcoming edition of StartUP Friday is the participation of YCombinatorat in the Lagos maiden edition.

Silicon Valley based Ycombinator has been termed the world’s most powerful startup accelerator that Fortune has described as “a spawning ground for emerging tech giants”. Nigerian startups will have an opportunity to pitch for funding and accelerator program at Y Combinator during the Lagos edition of StartUP Friday.

This edition of StartUP Friday will feature amongst others:

Seed Stage ShowUP-to-Pitch: innovative seed stage startups will pitch their products that address Agric, Healthcare, Financial Services, Robotics/Drones/IoT and Renewable Energy challenges.

Growth Stage Pitch: At this session, startups at growth stage, seeking to scale will pitch their startup before the audience of investors.

FutureHACK Session: where out-of-this world, innovative, futuristic but thought-provoking ideas and/or solutions will be presented for further research and funding into becoming viable ventures.

Fireside Chat on Sourcing and Investing in Deals; Networking Session amongst startups, investors and ecosystem players.

Another interesting feature of the Lagos edition of StartUP Friday is tagged FutureHACK. It is a program designed to develop tech-driven solution out of research into future lifestyle that can be disrupted or amplified.

OIIE will be holding a FutureHACK competition for undergraduates of tertiary institutions at Afe Babalola Auditorium in UNILAG on Thursday, September 22 from 10am to 4pm.

During this pitching competition, 6 to 10 top-notch futuristic ideas pitched by the students will be selected to pitch at the StartUP Friday event on September 23.

The top three ideas with great potential impact will receive cash prizes from OIIE and be assigned mentors to help them refine the ideas for prototype development.

If you are an undergraduate with a great tech-driven idea that can solve socio-economic problems or impact on lifestyle in the nearest future, FutureHACK competition is for you. Click here to register to pitch at FutureHACK competition inside UNILAG on September 22.

Other Expected Guests:
This edition will have in attendance as special guests of honoursDr. Vincent Olatunji (Acting DG, NITDA), Michael Seibel, (Partner, Y Combinator), Qasar Younis (Partner, Y Combinator), Yemi Candide-Johnson (Senior Partner, Strachan Partners), Ibrahim Sagna (Head, Financial Advisory, African Finance Corporation), Chika Nwobi (Founder, L5Lab), NgoziDozie(Director, OneFi Kaizen Venture Partners), Dr. (Mrs.) Omobola Johnson (Partner, TLCom Partners Nigeria), Marek Zmyslowski (CEO/Founder, Hotel Oga), GossyUkanwoke (Investor/Founder, Beni American University), YeleOkeremi (CEO/MD, Precise Financial Systems Ltd), Niyi Yusuf (Country MD, Accenture Nigeria), Lanre Philips (MD, ELpee Consults).

To register for the epic StartUP Friday event and for an opportunity to pitch as a tech-driven startup, visit the registration page, as stated by OIIE.

 
 


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E-Business

Kaspersky Discovers New Phishing Campaign Exploiting Google Tasks Notifications to Steal Corporate Credentials

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Kaspersky has uncovered a new phishing scheme that abuses legitimate Google Tasks notifications to trick corporate users into revealing corporate login credentials.

By leveraging Google’s trusted @google.com email domain and notification system, attackers bypass traditional email security filters and exploit users’ trust in familiar services.

In this campaign, victims receive an authentic-looking notification from Google Tasks with the subject line “You have a new task.” The message creates the illusion that the recipient’s company has adopted Google’s task management tool, pressuring them to act quickly. The notification often includes elements of urgency, such as a high-priority flag and a tight deadline, to prompt the victim’s immediate response.

Upon clicking the embedded link, users are directed to a fraudulent form disguised as an “employee verification” page, where they are asked to enter their corporate credentials under the pretense of confirming their status. These stolen credentials can then be used for unauthorised access to company systems, data theft, or further attacks.

“Google’s vast ecosystem of services gets exploited by scammers. The scheme with Google Tasks is part of a broader trend observed before and continuing into 2026, where cybercriminals misuse legitimate platforms to distribute scams and phishing.

Notifications originating from legitimate domains naturally evade many spam and phishing filters, while the social engineering aspect – making it seem like an internal company process – lowers the victim’s guard,” comments Roman Dedenok, Anti-Spam Expert at Kaspersky.

 


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esentry 2025 Report Shows Healthcare, Financial Services and Telecoms as Staging Grounds for Increased Cyberattacks in Africa

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Cyber adversaries targeting African organisations are increasingly shifting away from opportunistic attacks toward deliberate, sector-specific campaigns aimed at the continent’s most critical digital infrastructures, according to the esentry 2025 Annual Report released by esentry, Lagos-based Africa’s leading indigenous Managed Security Service Provider (MSSP).

The report identifies healthcare, financial services, and telecommunications as the primary staging grounds for high-velocity cyberattacks, reflecting a growing focus on sectors that underpin economic stability, public welfare, and digital connectivity across Africa.

The findings are drawn from one of the largest cybersecurity datasets analysed in the region. Over the course of 2025, esentry processed more than 31 billion security events, generating 3.5 million alerts and successfully blocking over 15,000 malicious attempts. This monitoring scale shows that, while traditional financial institutions remain a core target, the threat landscape has expanded to include digital lending platforms, healthcare systems that store sensitive personal data, and telecom operators responsible for national and regional connectivity.

Within the healthcare sector, the report highlights ransomware as the most acute risk, with attackers frequently exploiting exposed Remote Desktop Protocol (RDP) services to compromise patient data and disrupt essential medical operations. In financial services, organisations are facing a surge in credential abuse, insider-related threats, and info-stealer malware designed to enable fraud and unauthorised access. Telecommunications providers are increasingly targeted by highly tailored phishing campaigns and attacks on exposed web services, which aim to harvest credentials and compromise customer data.

Commenting on the findings, Gbolabo Awelewa, Chief Business Officer at esentry, said the nature of cyber threats across Africa has evolved significantly. “The threats we are seeing today are deliberate, informed, and carefully tailored to local enterprises. Attackers are exploiting trusted access and moving quietly within networks, which makes early detection critical. Our coordinated cybersecurity model, spanning Defence, Intelligence, Offence, and Security Engineering, allows us to combine scale, speed, and deep contextual insight to detect and neutralise threats before they escalate,” Awelewa said.

A defining trend identified in the report is the shift from overt system exploitation to the abuse of legitimate access. By leveraging compromised credentials and ‘living-off-the-land’ techniques, attackers can blend into routine enterprise operations and significantly delay detection. This approach has compressed the attack lifecycle, enabling adversaries to move from initial access to full operational impact in fewer than 15 days.

To counter this acceleration, the report emphasises the importance of early detection and automated response. esentry says it currently contains low-complexity incidents in under 90 seconds, using a combination of structured threat hunting and centralised telemetry to anticipate and absorb attacker pressure rather than reacting after damage has occurred.

As African organisations continue to digitise, the esentry 2025 Annual Report positions itself as a critical reference point for understanding the continent’s evolving cyber threat environment. The report concludes that protecting Africa’s digital trust will require a shift away from fragmented security tools toward disciplined, coordinated defence frameworks, what esentry describes as a unified Phalanx formation.


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AfDB, UNDP Launch $10Bn AI Initiative for Africa

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The African Development Bank Group (AfDB) and the United Nations Development Programme (UNDP) have launched an ambitious $10 billion project to support the adoption of Artificial Intelligence (AI) across the continent.

The 10 Billion Initiative intends to accelerate ethical AI adoption and inclusive digital economic growth in Africa.

The initiative follows the Nairobi AI Forum, which took place earlier this month in Kenya and brought together governments, private sector leaders, development partners, and tech innovators to define pathways for impactful AI adoption.

According to the organisations, the strategy is a co-designed collaboration between the Bank Group, UNDP, and commercial partners that aims to raise up to $10 billion by 2035.

The resources will be used to create up to 40 million new jobs across the continent by 2035, through targeted investments that provide the groundwork for AI and accelerate widespread adoption in everything from entrepreneurship and regional data infrastructure to policy frameworks and skill development.

Nicholas Williams, AfDB Group ICT operations division manager, commented: “As a leading multilateral development institution, the bank is leveraging its comparative advantage to ensure Africa is not left behind in the AI era.

“The AI 10 Billion Initiative paves the way for expanded partnerships and sustained investments that will accelerate AI entrepreneurship, strengthen data and infrastructure ecosystems, and support inclusive growth across the continent.”

 


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