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Oyindamola Aje Crowned ‘Best Science Student’ in Nigeria

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(L-R) Mr. Aje, father of the winner; Oyindamola Aje, InterswitchSPAK 2.0 winner and Mitchell Elegbe CEO/Founder, Interswitch Group at the finals of the InterswitchSPAK 2.0 held recently in Lagos.
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Oyindamola Aje, a 16-year-old student of Jesuit Memorial College, Port Harcourt, Rivers State, has emerged winner of the second edition of the InterswitchSPAK National Science Competition held in Lagos.

He defeated eight other finalists in an intense quiz session to win the grand prize of 7.5 million Naira worth of tertiary education scholarship. This scholarship will spread over five years. He also went away with a laptop and a monthly stipend for the duration of the scholarship fund.

The first runner-up,15-year-old Oluwatobi Ojo of  Apt Scholars Universal College, Ogun State won 4 million Naira worth of scholarship spread over three years; while the second runner-up, 15-year-old Onyekachi Madumere from Scholars Universal Secondary School, Ogun State, received N1 million Naira worth of scholarship for one year.

Oyindamola came tops after going through various levels of the competition. In his comments after the announcement, Oyindamola said he wasn’t looking forward to the competition as he did not know what to expect knowing he was competing against brilliant minds.

He said: “I am very happy that I won the InterswitchSPAK 2.0 first prize. It has been a very long and exciting journey for me and I am grateful to God that I am the overall winner. I did not see this coming at all but I’m very excited”.

Expressing his gratitude, Oyindamola said “I feel very proud to be part of a project that is giving students in Nigeria opportunities to utilize their talents and skills to impact the nation positively. I would like to use this opportunity to thank Interswitch for creating the InterswitchSPAK project and giving me this opportunity of a lifetime.

“I also want to thank my parents, teachers, friends and the other participants in the InterswitchSPAK competition. My success today is as a result of their support, encouragement and challenge. I thank them all.”

Another highlight of the day was the presentation of the Founder’s Award to Team Earth – winners of the Innovation Challenge.  The team, made up of nine SS2 students, collaborated to identify a problem in the agricultural value chain in Nigeria, proffered a solution, leveraging technology.

Each student alongside their mentors were presented with a medal and a laptop. The nine students will also get a chance to partake in a two-week internship programme at Interswitch Group head office in Lagos during the long school holidays.

Mitchell Elegbe, MD/Founder Interswitch Group, in his opening remarks, stressed the importance of science and technology to the Nigeria economy. He said: “Consistently as a nation and even a continent, we will keep having challenges, I am therefore challenging all of you seated here today to develop an entrepreneurial mindset to face these challenges and overcome them.”

Mitchell further urged the students to broaden and challenge their perspectives to think about the impact they can make in Nigeria using science and technology. He advised young graduates to develop and explore skills that can help them become entrepreneurs rather than job seekers.

“These are interesting times to be young. Indeed these are great times to be an entrepreneur. With the huge advantage the internet portends, the increasing consciousness for mentorship and the plethora of success stories at your disposal, the Nigerian and African youth cannot but rise up to the occasion. As a matter of fact, I believe you all can do it, at least the InterswitchSPAK has proven that, twice!” he added.


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E-Business

NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

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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.

NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

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:

  1. Install the latest Microsoft Office security updates for all affected versions.
  2. Restart Office applications for Office 2021 and later to ensure that the updates take effect.
  3. Use registry-based settings for protection if updates can’t be applied right away.
  4. 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.


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NDPC Investigates over 1,000 Schools over Data Privacy Compliance

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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.

NDPC Investigates over 1,000 Schools over Data Privacy Compliance

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.


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Chams Carves Out Subsidiary to Support Africa’s Digital Transformation

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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.

Chams Carves Out Subsidiary to Support 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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