Finance
ISSAN Confab: CBN to Collaborate with Stakeholders to Check Rising Cyber Attacks
The Central Bank of Nigeria has assured information security stakeholders and the general public of its collaboration to check the rising cases of cyber-attacks within the Nigeria cyberspace.
Mr. Musa Jimoh, Director, Payments System Management Department of the CBN, in his keynote address at the annual Information Security Society of Africa – Nigeria (ISSAN) Cybersecurity Conference in Lagos, stated that the apex bank was firmly committed to building a sustainable payments ecosystem in the country.
He commended ISSAN for organizing the event, stressing that CBN will continue to collaborate with organisations that are committed to addressing the rising activities of cyber-attacks.
Also speaking, President of FinTech Association of Nigeria (FinTechNGR), Ade Bajomo said to adequately address the rising rate of cyber-attacks, organizations should embrace collaboration and information sharing on cyber breaches.
According to him, keeping silence on the part of organizations that had been attacked would not help others, stressing that full disclosure, synergy and information sharing on reported cyber-attacks and how it was managed would guide other organizations to put preventive and counter measures in place.
He called on organizations to constantly upgrade their technology to counter cyber-attacks, urging them to have data backup.
Dr. Adewale Peter Obadare, the Co-founder/Chief Visionary Officer of Digital Encode, while expressing his views at the panel session, made case for collaboration amongst stakeholders, noting the need to strike the balance between the investments in people, technology, and processes to fight cyber-attack and fraud.
He further stated the need to build cybersecurity intelligence quotient, which will comprise of Augmented Intelligence to check what is happening on the system real time, Anticipatory Intelligence to analyse what could happen, and Assistive Intelligence to determine what needs to be done.
He recommended that digitization, digitalization and digital transformation should be addressed.
Earlier in his welcome address, Dr. David Isiavwe ISSAN President, said the conference was devoted to further expose the new threats and trends in the cyber security space and also offer practical steps on what businesses and individuals need to know and do to check the rising tide of the activities of cyber-criminals.
He observed that cyber attackers are getting more sophisticated globally, which is an aftermath of Covid 19 pandemic, stressing that greater awareness must be created to minimize attacks on businesses that may result in losses by various organizations.
Further, Dr. Isiavwe who is also General Manager at Ecobank made case for customer awareness as well as collaboration by all stakeholders.
Other speakers at the conference include Managing Director/Chief Executive Officer, Digital Jewels Limited, Mrs Adedoyin Odunfa; Founder & CEO, Mint FT Innovative, Mr. Similolu Akinnusi; Chief Information Security Officer, First Bank of Nigeria, Mr. Harrison Nnaji and Managing Partner, Technology Advisors LLP, Basil Udotai, Esq; Others are Group Head, Customer Fulfillment Center, UBA, Mr. Prince Ayewoh; Chief Executive, Stanbic IBTC Financial Services Limited, Mr. Stanley Jacob; Sales Director (Africa), OneSpan Europe, Mr. Nicholas Poire and Field CTO, OneSpan Europe, Mr. Dan Mcloughin.
ISSAN is a not-for-profit organization dedicated to the protection of Nigeria’s cyberspace specifically and the entire cyberspace in Africa, generally.
Finance
Immigration Office Place Ex Governor, Yahaya Bello On Watchlist While IG Of Police Withdraws All Police Officers Attached To Him
The Inspector General of Police, Olukayode Egbetokun, has withdrawn all police officers attached to the embattled former Governor of Kogi State, Yahaya Bello.
The order for the withdrawal was contained in a police wireless message. The document with reference number:
“CB:4001/DOPS/PMF/FHQ/ABJ/VOL.48/ 34 reads in part;“IG has ordered the withdrawal of all policemen attached to His Excellency and former Executive Governor of Kogi State, Alhaji Yahaya Bello. Acknowledge compliance and treat with utmost importance.
Please, above, for your information and strict compliance.”
Meanwhile, the Nigerian Immigration Service has placed the former governor on its watchlist.
This comes after the Economic and Financial Crimes Commission on Thursday, April 18, declared him wanted in connection to an alleged case of money laundering to the tune of N80.2bn.
In a circular signed by an Assistant Comptroller of Immigration, DS Umar, for the Comptroller-General, Kemi Nandap, the NIS detailed the former governor’s name, nationality, and passport number.
And read;
“I am directed to inform you that the above-named person has been placed on the watch list.
Suffice to mention that the subject is being prosecuted before the Federal High Court Abuja for conspiracy, breach of trust, and money laundering vide letter Ref; CR; 3000/EFCC/LS/EGCS.1/ TE/Vide/1/279 dated April 18, 2024.
If seen at any entry or exit point, he should be arrested and referred to the Director of Investigation or contact 08036226329/07039617304 for further action.” the circular reads in part.
The Economic and Financial Crimes Commission has declared a former governor of Kogi State, Yahaya Bello, wanted for offences relating to economic and financial crimes.
This was contained in a notice posted on the commission’s official Facebook page on Thursday.
The notice read, “The public is hereby notified that Yahaya Adoza Bello (former Governor of Kogi State), whose photograph appears above is wanted by the Economic and Financial Crimes Commission in connection with alleged case of Money Laundering to the tune of N80,246,470,089.88
“Bello, a 48-year-old Ebira man, is a native of Okenne Local Government of Kogi State.
“His last known address is: 9, Benghazi Street, Wuse Zone 4, Abuja.”
The notice asked anybody with useful information about the former governor’s whereabouts to contact any of the commission’s offices across the country.
The anti-graft commission had earlier stated that it would, on Thursday (today), arraign the former governor before a Federal High Court sitting in Abuja.
This was after the EFCC was granted a warrant of arrest by the Federal High Court in Abuja to apprehend the former governor.
Punch reported that The agency’s team of lawyers, led by Kemi Pinheiro, SAN, during the proceedings on Thursday, said that EFCC operatives were prepared to carry out the arrest warrant for the former governor, even if it requires the use of force.
Bello and three other suspects, Ali Bello, Dauda Suliman, and Abdulsalam Hudu, will be arraigned before Justice Emeka Nwite.
They face 19 counts related to money laundering to the tune of N80,246,470,088.88.
The Federal High Court in Lagos State, on Wednesday, granted businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, N10m bail with two sureties in like sum.
On Tuesday, EFCC slammed him with 3 count charge over the abuse of naira and asked him to report to court.
In court, The celebrity bar man pleaded not guilty to tampering and abusing the naira during his trial.
Earlier on Sunday, the EFCC revealed that it was probing several celebrities over alleged abuse of Naira notes.
In a statement, its spokesperson, Dele Oyewale, said;
“Many of them have made useful statements to the commission and many more have been invited by investigators working on the matter.
“The EFCC will not relent in its no-sacred-cow mode of operations and the public should be wary of running afoul of laws against the crime.”
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