E-Business
Prof. Obadare Underscores Critical Role of Cybersecurity in Nigeria’s AI-Driven Digital Growth

Prof. Obadare Peter Adewale, founder and CVO of Digital Encode, represented by Oluwakayode O. Olatunji, CISO and Group Head of InfoSec & GRC Advisory, emphasized the need for Nigeria to understand the threat landscape and the critical role of cybersecurity in protecting against these threats.
Nigeria CommunicationsWeek reports that the emphasis made by Prof. Obadare is essential for driving sub-sectoral digital growth through Artificial Intelligence (AI).
In his presentation at the one-day ICT Growth Conference organized by the Nigeria Information Technology Reporters’ Association (NITRA) at the Citi Height Hotel, Lagos, he noted that many African countries lag behind in cybersecurity.
Read Also: Oluyemi Obadare Accepted into Forbes Business Council
Even in Nigeria, the financial sector has been at the forefront of leveraging AI and cybersecurity, contributing about 25%-30% of AI involvement based on local statistics.
He highlighted the potential of AI across various sectors, including finance, health, energy, transportation, defense, medical, and agriculture.
He underscored AI’s ability to predict productivity and its diverse benefits but quickly cautioned against the dangers of AI misuse, stemming from issues such as bias and fairness, inadequate transparency, security vulnerabilities, data privacy concerns, and ethical and moral dilemmas.
The cybersecurity expert discussed the use of AI in threat landscape profiling, crime detection and prevention, and reporting capabilities.
He stressed the importance of responsible AI usage and the need for continued investment in AI and cybersecurity.
Identifying AI Governance, Architecture, Implementation, Operations, and Monitoring (GAIOM) as key elements for effective cybersecurity strategies in responsible AI development, he emphasized the importance of AI architecture, including business and data architecture, technology-infrastructure architecture and the necessity of a security architecture which includes cybersecurity and data privacy protection respectively.
Data protection and privacy are crucial components of AI implementation. The process of implementing AI, from setting goals to security monitoring, is vital.
The role of education and investment in education for driving AI adoption and economic growth cannot be overemphasized.
To fully realize the impact of AI on national development, he advocated for explicitly defined governance objectives, an AI ethical framework, an interdisciplinary approach, robust local content data management, all-inclusive regulatory compliance, tailored best practice risk assessment and mitigation, transparency and explainability, sustained human capacity development, and robust processes to address AI implementation challenges.
He also argued that monitoring AI usage and ensuring its alignment with set goals during the implementation process is critical.
In addition, he called for increased public sector and government investment in education to drive AI adoption and economic growth, noting that the role of education in providing the necessary skills and knowledge for AI implementation cannot be ignored.
He introduced the concept of “knowledge banking,” where knowledge can be monetized to address various economic sectors.
He pointed out that in countries using AI to drive their economies, education is a fundamental prerequisite, and positively disruptive education leads to the needed transformation by developing tailored skill sets.
“When we examine this, it becomes evident that many challenges we face in this part of the world will become easier to address.
“As a country, we have the potential to be a leading light in the knowledge economy because Nigeria is blessed with brilliant men and women,” he said.
Prof. Obadare, who was recently appointed a Professor of Practice by MIVA Open University, Abuja, also proposed a disruption of the educational sector to improve data quality.
He emphasized that relying too heavily on outsourced data libraries can lead to AI biases and stressed the importance of maintaining excellent data quality as a local content treasure.
“To address this, we need to disrupt the educational sector, particularly from primary to tertiary institutions, to focus more on institutional or research-based education.
“For example, during the COVID-19 pandemic, much of the global data was sourced from Johns Hopkins Hospital research center, indicating the importance of local research centers.
“We should encourage partnerships with the private and public sectors to create local content hubs, which would attract global tech companies like Meta and Google to invest in our ingenuity.
“Our tertiary education sector should be research-oriented and local content-focused to improve data quality and upskill the workforce, adapting to the challenge of training AI rather than traditional skills,” he concluded.
E-Business
Nigeria Launches Cybercrime Team with Commonwealth, UK Support

Nigeria recently launched a new joint case team to step up its response to cybercrimes that affect people and businesses at home and abroad.
The ‘Joint Case Team on Cybercrime’ brings together Nigeria’s key justice and security agencies to work as one, making it easier to detect, investigate, and prosecute digital offences.
It is supported by the UK National Crime Agency, the UK Foreign, Commonwealth and Development Office, and the Commonwealth Secretariat, as part of a wider effort to promote international cooperation on cybercrime.
Speaking at the launch in Abuja, Prince Lateef Fagbemi SAN, minister of justice and attorney general of the federation described the initiative as “a bold and transformative stride in Nigeria’s justice system.”
He said that although Nigeria has a national legal framework to address cyber offences, laws alone are not enough.
Nigeria is among the countries most affected by cybercrime around the world, with increasing financial losses.
E-Business
INEC Sets Up AI Division to Strengthen Electoral System

Independent National Electoral Commission (INEC) has announced the establishment of an Artificial Intelligence (AI) Division within its ICT Department.
This marks a significant stride toward enhancing electoral integrity, efficiency, and innovation in Nigeria’s democratic process.
This decision was reached at the Commission’s regular weekly meeting held in Abuja, following a series of consultations and engagements on the global and continental impact of AI on elections.
In a statement issued by Sam Olumekun, national commissioner and chairman of the Information and Voter Education Committee, INEC underscored that the growing relevance of AI in electoral matters necessitated a proactive institutional framework to manage both the risks and opportunities it presents.
“Our interactions with electoral bodies across Africa highlighted both the risks of AI—such as fake news and content manipulation—and the vast potential it holds for data-driven decision-making, risk mitigation, automated voter services, and geo-spatial intelligence for logistics,” Olumekun noted.
According to him, the newly created division will centralise the Commission’s AI efforts, ensuring a harmonized approach to deploying intelligent systems that enhance decision-making, improve voter engagement, and boost the credibility of the electoral process.
“The creation of this division puts the Commission at the forefront of institutionalizing AI capabilities in electoral management.
It is also part of our ongoing reforms in areas where administrative action is sufficient to drive change,” he said.
He added that the AI Division will help INEC better coordinate its existing technological investments while providing safeguards against the misuse of AI technologies.
“We are positioning ourselves to maximise the positive impact of AI while mitigating its negative implications. This step strengthens the credibility and transparency of elections in Nigeria,” Olumekun concluded.
The initiative, INEC emphasised, reflects its commitment to embracing innovation in safeguarding democracy and improving electoral services nationwide.
E-Business
CAC, NIBSS Unveil Platform for Data Access to Private Firms

Corporate Affairs Commission (CAC) in partnership with the Nigeria Inter-Bank Settlement System (NIBSS) has unveiled a new Application Programming Interface (API) integration system to allow private firms access company data from the Commission’s database.
Hussaini Ishaq Magaji (SAN), registrar general of CAC, who spoke in Abuja at the unveiling said the system would give selected private organizations access to CAC services through technology-based companies, called “super agents.”
“This is a practical step to show that the Commission is committed to meeting the expectations of our customers,” he said.
Magaji explained that the integration allows the agents to retrieve data from the CAC database for use in specific client requests, outside the standard services provided by the Commission.
“Before now, only a few government agencies had this integration, especially those involved in investigations, anti-money laundering, and terrorism financing. Now, private companies that meet the criteria can also access it,” he said.
He said the system complies with the Nigerian Data Protection Act 2023, and information such as residential addresses, phone numbers, and dates of birth may be restricted.
“This is a call to law firms and companies with the right technology. We’ve started with NIPS because of their credibility. Embassies and banks can now authenticate company records directly through them.”
“There are prescribed fees. We already collect them on our portal, and now customers can also pay through these agents,” he explained.
He named NIPS, MoneyPoint, and OPE as some of the companies involved.
“OPE and MoneyPoint handle only registrations. But NIPS has moved further into validation and verification,” he said.
Ngover Ihyembe-Nwankwo, executive director at NIBSS, who represented Premier Oiwoh, managing director, said the service allows secure and efficient data verification.
“This is the result of years of effort to connect our systems with CAC. It will help users verify data within the limits of data protection laws,” she said.
She said the move is a way to lower costs and promote interoperability across the financial sector.
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