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Technology is About Value Adding – Lawal

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(L-r): Afinni Eniola of Fate Foundation, Richard Edet, managing director, SAP West Africa and Omoware Ajoke, of Fate Foundation at the presentation of desktop computers by SAP West Africa to Fate Foundation during SAP's Walkathon which held in Lagos at the weekend.
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Lawal Abdu-Rahman is the CEO of KITS Technologies Limited. He is an experienced ICT professional having spent over 14 years in the industry most of which were in management positions. He is a creative engineer combining good blend of engineering with business, he is passionate about value  driven ICT initiative. He spoke to funmi ilesanmi.

Relationship with Gilat
Satellite communication network is very broad and there is virtually no single company all over the world that does it all alone. Gilat is a service provider that focuses on hub management and issues that has to do with space segment, they do not have a satellite in the space; they work hand-in-hand with several other satellite companies like Intelsat, Newskies, Intersputnik the owner of ABS or LMI, Panamsat, Amos among others, and they also work with equipment vendors like Shiron, Comtech, IDirect, and a lot of other equipment manufacturers; because Gilat does not manufacture equipment. So in the same vein, Gilat is also partnering with KITS. KITS focuses on earth stations issues. There are basically three major divisions in Vsat network. We have the hub, the satellite and the earth station, so our role is to manage issues that have to do with earth station in terms of site preparation, installation, configuration, and maintenance. That is simply what KITS is doing with Gilat.
Future of Vsat and Fibre in Nigeria
This is not the situation, it’s just like saying that Wimax and fibre optics are two opposing technologies, no we can’t say that, Vsat and fibre optics are complementary technologies, they are not in anyway opposing each other. Fibre is an infrastructure that delivers higher bandwidth over the terrestrial network and Vsat is an infrastructure that delivers bandwidth over the satellite network. They are two separate technologies that can be appropriately applied to deliver services to the end user depending on the situation. We have customers requiring fibre optic for their installations and we also have customers requiring satellite for their deployment, so we apply the two together to make our customers happy.
As Globacom and other communication companies are laying fibre optic cable across the globe, the fate of Vsat is simply a growth change. Several fibre optics links aside Glo1 have entered Nigeria and more will soon join, this is what everybody in this industry has been expecting and it is a remarkable growth to our local telecoms infrastructure. This has nothing to do with Vsat because fibre and Vsat are two different but complementary technologies that can run side by side and as the case dictates, the difference is that you apply the appropriate technology in the appropriate environment. For instance, the customer needing fibre optics is given fibre optics and the one that demands satellite is given satellite, so it is not an issue of rivalry between fibre and satellite but an issue of expansion of options. Certainly satellite will continue to be used for areas where satellite is most appropriate and fibre where it is appropriate, but we expect to see a change, change in terms of the areas where you had initially deployed satellite which now you have an alternative to use fibre optic then it may change to fibre but for areas where you still have to use satellite, it will certainly still be satellite.
Even for critical fibre optics link, Vsat would continue to serve as back-up for redundancy in case you have a break of fibre optics cable. And as you are aware, a number of satellites are coming up to focus on Africa, you would recollect that after the unfortunate event that led to the lost of Nigcomsat1; there is currently an ongoing process to have a replacement satellite in the space, so the numbers of satellites that are coming up are on the increase, this is evident to the fact that the necessary demand for satellite connectivity is still very relevant to complement the deployment of fibre in Africa. The only issue that will be better defined henceforth is that we now have the option of using the appropriate infrastructure for the right environment.
Value Added Services
We add value added services to our relationship with Gilat. We are very close to our customers. We visit our customers and know each of them by their names and addresses. We go to them and check their LAN for them, we check their systems for them, we do whatever is required to ensure that their link is up, running and smooth, we know that bandwidth is expensive, and we understand with our customers that every second counts, so our customers can not afford to be down without a solution that is prompt and close to them, this is the most important value adding service that must accompany any ICT products and services. I mean after sale support, and that is why we have our Customer Support Centre to guarantee excellent service for the customers, and that was the basis for our partnering with Shiron, the manufacturer of the Vsat modem /terminal that we use. We built and invested into a relationship with them as the Nigeria Shiron repair centre. Though equipment failure is not a common issue but they do happen, of course you can imagine the loss that may arise from managing a faulty modem, so, that was why we have to partner with the manufacturers of our equipment. Our technicians are trained and certified to handle hardware faults. This has helped a lot to promptly address hardware failure for equipment that is out of warranty. If there is a fault during the first 12 months of warranty period, what we do is outright replacement. And it is the same across all other products, we place emphasis on training to ensure that our technicians and engineers are well trained on all the hardware of the products that we deal in, to ensure that when there is a fault, we correct them locally. Also, we realise  that knowledge gap has been the major barrier with the end users because they are new to satellite communication, so what we do is to offer detailed technical handling training free of charge to our  customers, so that the customers will have right knowledge to fix  minor issue by themselves.
About KITS Technologies
KITS Technologies Limited offers ICT solutions that address business problems. We offer end to end solution that covers both software and hardware. Our range of products and services include Satellite based communication, Internet distribution, Vsat, fibre optics, wireless communications, IP PBX, VPN networking, data storage, IP surveillance, video conferencing, data centre implementation, management and enterprise solar power.
We also offer some corporate technical training that provides ongoing professional and continually improved courses that reflects latest industry information and communication solutions globally. As a matter of fact, it is not as if we run a training school but being part of our vision, to be known globally as a centre for transfer of knowledge, experience and expertise; we have added well structured professional training packages to our program as our own way to share with Nigerians what we know. That is part of our contribution to improve on ICT workforce, awareness and ICT penetration in the country.
Providing Services to Cities Outside Lagos
This is very simple, irrespective of where these services are requested, we are always there, it is simple because our satellite has an excellent coverage of the entire country, so all we do is deploy our engineers to the area depending on the location of the customer, if it is from the northern part, the request goes to Kano, while the southern or eastern part is been handled by Lagos office.
Disaster Recovery and Data Centre
What I can see as reasons for some companies reluctance in embracing data protection has to do with value proposition, attitude and awareness. Many do not take things serious until there is crisis and a lot do not understand the benefits of investing in an automated storage system that guarantees 100% recovery. That is the problem and until these services are embraced just as we have all over the world several companies would still be faced with loss of critical data. Now we are talking about e-economy which means we are going to translate almost all transactions and activities into data to be kept. Imagine what will happen if you wake up tomorrow only to be told that the database that keeps your ATM pins, balances, transactions history is lost, or that JAMB after preparing the whole lot of the result claim a loss of the data, or if your pension manager claims same and other critical data like that, so we need to see the big picture of this implication and take proactive measures to address these issues.
The major barrier of these technologies is knowledge gap and awareness and then the attitude, people thinking that we can still manage and that nothing has happened after all these years without the right infrastructure. A lot of companies are running without having any storage systems at all, what is important for companies is to get the appropriate knowledge on all alternative networks available options in terms of storage so that they can implement. We need to start imagining and estimating the price of loosing critical data for us to take actions. That is why KITS offers regular knowledge transfer programme on data storage and data centre.
Challenges in Deploying CCTV in Cities Across Nigeria
Close Circuit Television (CCTV) is the analogue system video surveillance system, right now we are talking about digital video networking, running video surveillance on IP network also called IP surveillance. Its flexibility is just like other IP based services. The major challenge that IP surveillance system is having in Nigeria is mainly infrastructure and the number one of them is power. Until the power issue is solved, it will not be easy to deploy effective surveillance system in Nigeria.
The second problem is awareness which is common with many ICT solutions. For instance if we are talking about having IP surveillance system installed in a state, this is not something you just think about and then it happens, it has to go through series of bureaucratic process and most of the time people who take the final decisions may not thoroughly understand what one is talking about and how best to go about it. In fact, if surveillance system can be installed properly, it is going to bring a lot of value to the lives of the people by reducing crime rate, helping in traffic management and road accident. The people in the helm of affairs must understand the need for this technology and encourage the use of it. Surveillance is going to be like a watch dog for all our activities. The same issue also affects video conferencing; a lot of people who are supposed to be using video conferencing are not doing that at the moment, not because of cost but rather because of awareness. People are not aware of the benefits of having a technology that can enable them save money. You can imagine how much we would save in a year on all of those allowances, if the travelling rate of our executives for conferences here and there is cut down substantially by not travelling, but rather sit in your office and hold your meeting right there in your office through video conferencing.
We believe in applying technology appropriately not about all that is latest. We believe in what is latest only if it adds value to lives, we are very careful in terms of solution that we select, we focus on value to the lives of the people. If it is not going to add value definitely Kits will not encourage people to patronise it, because technology is not about wasteful on executive technological toys but getting value from technology.

 

 


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General News

Moove Plans to Raise $1.2Bn Debt Round for US Autonomous Vehicle Expansion

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Moove, an African mobility fintech startup, is on a quest to secure a $1.2 billion debt financing round to support the rollout of a fleet of autonomous vehicles.

This is in partnership with Alphabet Inc.’s Waymo in the United States, according to a Bloomberg report citing sources familiar with the matter.

The startup has since attracted backing, including from Uber Technologies Inc., and entered a strategic partnership with Waymo in December 2024 to provide financing for self-driving cars.

Ladi Delano, co-founder of Moove, noted that the company has a solid financial track record.

“Moove has built strong relationships with some of the world’s leading lenders. We have also fully repaid our first-ever debt facilities, which signals our maturity and marks a key milestone that demonstrates the strength of our platform as we enter the next phase of global autonomous-vehicle infrastructure deployment,” he said.

The round is reportedly oversubscribed, with strong participation from private credit firms and banks.

Waymo has also not made any official statement regarding the funding round. While final details are expected to be concluded in the coming weeks, the deal will mark a significant milestone for the firm as it ramps up its global ambitions.

Founded in 2020 by Nigerian entrepreneurs, Ladi Delano and Jide Odunsi, Moove began by providing vehicle financing for ride-hailing drivers in Africa’s largest cities.

 


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Firm Explores the Evolution of AI-powered Ransomware with Password-gated Capabilities

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Kaspersky experts have revealed the inner workings of FunkSec — a ransomware group that illustrates the future of mass cybercrime: AI-powered, multifunctional, highly adaptive and operating on volume with ransoms as low as $10,000 to maximise profits.

Kaspersky’s Global Research and Analysis Team (GReAT) constantly monitors the ransomware threat landscape, where attacks continue to rise. According to the company’s latest State of Ransomware report, the share of users affected by ransomware attacks worldwide increased to 0.44% from 2023 to 2024, up by 0.02 percentage points.

While this percentage may appear modest compared to other cyber threats, it reflects the fact that attackers typically prioritise high-value targets rather than mass distribution, making each incident potentially devastating. Within this evolving landscape, FunkSec has emerged as a particularly concerning threat.

Active for less than a year since its emergence in late 2024, FunkSec has quickly surpassed many established actors by targeting government, technology, finance and education sectors. What sets FunkSec apart is its sophisticated technical architecture and AI-assisted development.

The group packages full-scale encryption and aggressive data exfiltration into a single Rust-based executable, capable of disabling over 50 processes on victim machines and equipped with self-cleanup features to evade defenses.

Beyond its core ransomware functionality, FunkSec has expanded its toolkit to include a password generator and a basic DDoS tool — both showing clear signs of code synthesis using large language models (LLMs).

FunkSec’s approach reflects the evolving landscape of mass cybercrime, combining advanced tools and tactics. Kaspersky’s GReAT experts highlight the key features that define their operations:

Password-Controlled functionality

GReAT experts discovered that FunkSec ransomware features a unique password-based mechanism that controls its operation modes. Without a password, the malware performs basic file encryption, while providing a password activates a more aggressive data exfiltration process in addition to encryption to steal sensitive data.

FunkSec packs full-scale encryption, local exfiltration and self-cleanup into a single Rust binary—without a side-loader or a companion script. That level of consolidation is uncommon and gives affiliates a plug-and-play tool they can deploy almost anywhere.

Use of AI in development

Code analysis shows that FunkSec is actively using generative artificial intelligence to create its tools. Many parts of the code seem to be automatically generated rather than manually written. Signs of this generic placeholder comments (such as “placeholder for actual check”) and technical inconsistencies, like commands for different operating systems that don’t align properly. Additionally, the presence of declared but unused functions—such as modules included upfront but never utilised — reflects how large language models combine multiple code snippets without pruning redundant elements.

“More and more, we see cybercriminals leveraging AI to develop malicious tools. Generative AI lowers barriers and accelerates malware creation, enabling cybercriminals to adapt their tactics faster.

By reducing the entry threshold, AI allows even less experienced attackers to quickly develop sophisticated malware at scale,” comments Marc Rivero, Lead Security Researcher at Kaspersky’s GReAT.

High-volume, low-ransom strategy

FunkSec demands unusually low ransom payments, sometimes as little as $10,000, and pairs this with the sale of stolen data at discounted prices to third parties. This strategy appears designed to enable a high volume of attacks, helping the group quickly establish its reputation within the cybercriminal underground. Unlike traditional ransomware groups that seek million-dollar ransoms, FunkSec employs a high-frequency, low-cost model — further underscoring its use of AI to streamline and scale operations.

Expands beyond ransomware

FunkSec has expanded its capabilities beyond the ransomware binary. Its dark leak site (DLS) hosts additional tools, including a Python-based password generator designed to support brute-force and password-spraying attacks, as well as a basic DDoS tool.

Advanced evasion

FunkSec employs advanced evasion techniques to avoid detection and complicate forensic analysis. The ransomware is capable of stopping over 50 processes and services to ensure thorough encryption of targeted files. Additionally, it includes a fallback mechanism to execute certain commands even if the user launching FunkSec lacks sufficient privileges.

 


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IMF Raises Nigeria’s 2025 GDP Growth Forecast to 3.4%

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International Monetary Fund (IMF) has projected a 3.4 percent expansion in Nigeria’s real Gross Domestic Product (GDP) for 2025, following the conclusion of its annual Article IV consultation with the country.

The IMF announced the forecast in a statement on Wednesday, highlighting progress in macroeconomic reforms while cautioning about persistent vulnerabilities.

The Article IV consultation is a regular assessment of a country’s economic performance and policy framework by the IMF’s executive board. The latest review reflects cautious optimism about Nigeria’s economic trajectory amid ongoing reform efforts.

According to the IMF, Nigeria’s growth in 2024 reached 3.4 percent, mainly driven by increased hydrocarbon production and a robust services sector. However, agricultural output remained subdued due to security challenges and falling productivity.

The IMF expects the positive momentum to continue into 2025, supported by the start of operations at a new domestic refinery, higher oil production, and sustained performance in services. It projected that medium-term growth would remain around 3.5 percent, buoyed by domestic reforms despite an uncertain global environment.

“The Nigerian authorities have implemented major reforms over the past two years which have improved macroeconomic stability and enhanced resilience,” the Fund stated. “The authorities have removed costly fuel subsidies, stopped monetary financing of the fiscal deficit, and improved the functioning of the foreign exchange market.”

The IMF said investor confidence has improved, noting Nigeria’s successful re-entry into the Eurobond market and the resumption of portfolio inflows. However, it acknowledged that poverty and food insecurity have worsened, pushing the government to prioritize inclusive growth.

The report also highlighted positive trends in external reserves, foreign exchange market stability, and inflation. It noted that inflation dropped to 23.7 percent year-on-year in April 2025 from an annual average of 31 percent in 2024, based on the rebased Consumer Price Index released by the National Bureau of Statistics.

“Naira stabilization and improvements in food production brought inflation to 23.7 percent… Inflation should decline further in the medium-term with continued tight macroeconomic policies and a projected easing of retail fuel prices,” the IMF said.

On the fiscal front, the Fund said revenue gains from currency depreciation, improved administration, and higher grants helped offset rising interest payments and administrative costs, leading to improved fiscal performance in 2024.

Despite the progress, the IMF warned of growing risks. It said falling global oil prices or rising financing costs could negatively impact Nigeria’s economic stability. “A further decline in oil prices or increase in financing costs would adversely affect growth, fiscal and external positions, undermine financial stability and exacerbate exchange rate pressures,” it said.

The IMF further cautioned that any deterioration in domestic security could derail growth and worsen food insecurity across the country.


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