Consulting firm harps on investing in cybersecurity to save Nigeria from economic doldrums

Nigeria can be one of the highest producers of Cybersecurity professionals in the world and earn large foreign exchange, as a way to save the country from its present economic doldrums.

The Head Operations of Wellspring Consulting, Omowunmi Oyetinbo, made this assertion while calling on government, private organisations and individuals to partner Wellspring Consulting and invest more in the training of the Nation's youth as cyber security professionals.

According to Oyetinbo, "the consulting firm is well grounded in training cybersecurity professionals which would open doors to endless career possibilities in the ever evolving tech-industry, both locally and globally.

"Wellspring consulting is set to partner various organisations to sponsor young Nigerians, especially young women in building a career in Cybersecurity.

"The firm offers training and free global certification with a globally ranked IT security organization, she said.

Oyetinbo who describes cybersecurity as the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks, said Nigeria faces a critical shortage of cybersecurity professionals while there is high demand for the profession globally.

She assured that any investment or training in cybersecurity would yield bountifully for Nigeria.

A United States, US, District court, on Tuesday, sentenced the founder and former Binance CEO, Changpeng Zhao to four months in prison.

The court judge, Richard Jones said Zhao, whose nickname is CZ, has also satisfied the requirement of him to pay $50 million in fines.

The judge also won’t impose five months of probation as was recommended by the probation officer, Mail Online reports.

In November 2023, Zhao pleaded guilty to a money laundering charge.

The 47-year-old admitted to violating the Bank Secrecy Act by willfully failing to set up an effective anti-money laundering system at Binance, the cryptocurrency exchange he founded and ran as CEO from July 2017 to November 2023.

Binance also pleaded guilty to similar charges from the US Department of Justice in November 2023 and was forced to pay $4.3 billion in fines and restitution for failing to register as a money transmitting business, Forbes reported.

U.S. prosecutors had urged the court to sentence Zhao to three years in prison after he pleaded guilty to violating laws against money laundering.

They argued that sentencing Zhao to twice the maximum 18 months recommended under federal guidelines would reflect the magnitude of his willful violations, and send a message that would deter others.

In March, a U.S. district court had ordered that Zhao must surrender his Canadian passport and notify the court before travelling within the country.

This came after U.S. District Judge, Honorable Richard A. Jones restricted his bond conditions.

The naira recorded its first gain against the US dollar at the official foreign exchange Market this week.

FMDQ data showed an appreciation of N1,390.96 per dollar on Tuesday from N1,419.11 on Monday.

This represents a N28.15 or 1.98 per cent gain against the dollar at the forex market compared to N1,419.11 it traded the previous day.

 

The naira has continued to depreciate against the dollar in the official market for days until Tuesday.

Meanwhile, at the parallel market, the naira depreciated to N1,360 per dollar on Tuesday from N1,280 the previous day.

The Nigerian passport has been ranked as the 10th worst travel document worldwide, according to VisaGuide’s World Passport Index.

The ranking, which uses the Destination Significance Score (DSS) for assessing and ranking the passports of countries and territories, places Nigeria at number 191 out of 199 countries.

As of April, the Nigerian passport was ranked above only North Korea, Iraq, Libya, Sudan, Pakistan, Afghanistan, Syria, and Somalia.

 
 

The report added that the factors that contributed to this decline include visa-free access, diplomatic relations, and security concerns.

Other factors are visa-free travel, electronic travel authorisation, visa on arrival, electronic visa (e-visa), embassy or other government-approved visas, passport-free travel, and banned entry.

According to the ranking, the Singaporean passport is the strongest passport in the world, with a score of 91.06 as of April 2024. It is followed by the Italian, Spanish, French, and German passports respectively, to complete the top-five list of strongest passports for 2024.

 

The complete list of all the passports ranked according to their score HERE

The Federal Government has approved a substantial increase in salary ranging from 25% to 35% for civil servants across various consolidated salary structures.


This augmentation applies to the six remaining consolidated salary structures, namely the Consolidated Public Service Salary Structure (CONPSS), Consolidated Research and Allied Institutions Salary Structure (CONRAISS), Consolidated Police Salary Structure (CONPOSS), Consolidated Para-military Salary Structure (CONPASS), Consolidated Intelligence Community Salary Structure (CONICCS), and Consolidated Armed Forces Salary Structure (CONAFSS).

Previously, salary increases were implemented for sectors such as tertiary education and health, encompassing structures like the Consolidated University Academic Salary Structure (CONUASS), Consolidated Tertiary Institutions Salary Structure (CONTISS), Consolidated Polytechnics and Colleges of Education Academic Staff Salary Structure (CONPCASS), Consolidated Tertiary Educational Institutions Salary Structure (CONTEDISS), Consolidated Medical Salary Structure (CONMESS), and Consolidated Health Sector Salary Structure (CONHESS).

In a statement signed by the Head of Press, National Salaries, Incomes, and Wages Commission (NSIWC), Emmanuel Njoku, the increases take effect on January 1, 2024.


Furthermore, the Federal Government has also approved pension increases ranging from 20% to 28% for pensioners enrolled in the Defined Benefits Scheme within the aforementioned consolidated salary structures, with the same effective date.

A police inspector, whose identity remains undisclosed, has reportedly severed his wife’s hand following a dispute over N20,000 in Dong area of Jos North local government area of Plateau State.

The inspector had left the money at home, and upon returning to retrieve it, a heated argument broke out between him and his wife. The altercation escalated, which resulted in the inspector turning violent, and subsequently cutting his wife’s hand.

 
 

Alabi said, “We are aware of the incident, the man is an Inspector. Right now, he is at the State CID and the investigation is ongoing.

“He has a minor misunderstanding with his wife over some money. They had an argument over some N20,000 he kept in the house and he said he was looking for the money to do something and an argument ensued. The case is under investigation.”

The victim, who is pregnant, was promptly rushed to a hospital for medical attention. A concerned neighbour, who expressed shock over the incident, said that the disagreement escalated when the wife declined to give the man N3,000 from the N20,000.

Last modified on Wednesday, 01 May 2024 06:54

Nine people, including a pregnant woman on Tuesday, suffered varying degrees of burn injuries, occasioned by a gas explosion in the Ajegunle-Apapa area of Lagos State.

The victims are currently receiving treatment at the Ajeromi General Hospital and Gbagada Burnt & Trauma Centre.

At least four commercial tricycles, six lock-up shops, and a section of a residential bungalow were affected.

It was gathered that the explosion caused by gas leakage ignited a high-tension cable, leading to a fire outbreak.

However, the Lagos State Fire and Rescue Service, with support from the Federal Fire Service, was able to bring the fire under control, preventing further devastation.

 

Confirming the incident, the Director of the agency, Margaret Adeseye, said the incident occurred in an area known for its gas cylinder trading activities, amplifying the impact.

Adeseye said: “However, firefighters managed to salvage nearby structures, including a critical fuel service station, mitigating potential additional losses.

“Tragically, nine individuals, including a pregnant woman and several children and adults, suffered varying degrees of burn injuries. They received immediate medical attention from the Lagos State Ambulance Service and are currently undergoing further treatment at the Ajeromi General Hospital and Gbagada Burnt & Trauma Centre.

“The Lagos State Fire and Rescue Service reaffirms its dedication to safeguarding lives and property through proactive emergency response, public education, and community engagement initiatives.”

Ajegunle Gas Explosion

In a shocking revelation, a woman in her 50s, identified only as Madam Alimot, has been apprehended for her involvement in a fraudulent scheme that staged fake miracles in a church located in one of the South-West states.

The Oluyole Security Surveillance Team took her into custody after reports emerged of her exploiting a teenage boy and threatening him when he threatened to expose their activities.

The operation, detailed by Madam Alimot, involved elaborate performances during church services where she and other participants pretended to suffer from various disabilities and spiritual afflictions.

These staged afflictions would miraculously ‘disappear’ after being prayed over by the pastor, involving rituals with water and anointing oil.

The performances were convincing enough to make the congregation believe in these purported miracles, prompting them to donate large sums of money in hopes of receiving similar blessings.

During the church services, which witnesses described as resembling movie scenes, participants would take on roles such as lunatics, imbeciles, or individuals afflicted by spiritual attacks.

After the ‘healing’ rituals, these participants would act out scenes of miraculous recovery, further convincing the congregation of the pastor’s divine powers.

The revelation came to light after Madam Alimot enlisted the help of the nephew of one of her tenants, a teenager, to participate in one such performance where he was made to pretend to be deaf and then miraculously regain his hearing.

After the service, while the pastor received substantial cash donations, the teenager was only given ₦500 and threatened by Alimot to keep quiet about the deceit.

The incident has sparked outrage among the community, particularly after the teenager disclosed the syndicate’s operations to others, leading to Alimot’s arrest.

The services conducted by the church have now been scrutinised, uncovering a series of deceitful practices aimed at exploiting the faith and finances of the congregation.

Madam Alimot reportedly organised these fraudulent trips from her residence in Iyana Agbala at the Alakia side of Ibadan, where the group would gather before heading to the church to perform their deceitful acts.

Nigerian Tribune, in an interview with Madam Alimot, an Ibadan indigene, said, “I live at Olomi Area of the city. I was a beer and wine seller before and well known in my area. However, I had an accident, and my business crashed. I had another accident at Olomi when a car hit me. So, I couldn’t continue with my business since two years ago.

“It was then that someone told me about a church’s style of gaining membership and raising much money through bringing in people who would pretend as needing healing from sicknesses and diseases.

“Sometimes, a member of the syndicate would act as an imbecile. Other times, I would act like someone who is a witch and had rendered her husband impotent. After my ‘confession,’ the pastor would use anointing oil and water to restore the manhood of the syndicate member who would pretend to be my husband.

“I could also act as if I spiritually attacked the child of my rival in my marriage. The person who introduced the business to me lived at OkeAdu. She was known as Iya Deola but died recently. I have worked with the syndicate about four times and I made up my mind not to go to the church for such deceit again. I kept off the business for almost two years before I ventured into it again. Lately, my mind just went to her, and I borrowed the phone of the boy, whose involvement exposed me, to call her.

“What I got to understand is that the pastor would call her whenever he needed people to come to church gathering and act as if a miracle was occurring. The worshippers were many.

“One of the acts I performed was that I pretended as if I afflicted my rival’s son with impotence because I didn’t give birth to a male child and was being oppressed by his mother. The pastor would anoint him with oil and sprinkle water on him. Immediately, he would hold his manhood and start rejoicing, telling the congregation that he felt life in it again.

“I used to be paid ₦7,000 each time I went to the town and return to Ibadan, and the payment would include transport fare. So, what I was usually left with was between ₦1,500 and ₦2,000. That was what I would use to eat.

“I have two children and one of them, a male, just got someone pregnant. He’s my second child. My daughter is married and blessed and blessed with two children but is currently sick.”

When asked why she was not afraid of offending the Divine Being, as a Muslim, she replied: “I had fear in me, but it was one Iya Samuel who used to call me for the ‘business.’ She didn’t go to the church but was the one to source for the people to be used in the church by the pastor. I didn’t know how much she was being paid.”

The teenager who exposed the woman narrated his experience thus, “My father is in Lagos while my mother is in Ibadan. They are divorced. I live with my uncle. I used to greet Madam Alimotu because she’s belongs to the family which owns my uncle’s rented house and is in charge of the house. She also lives there.

“What led to this occurrence was that she called me to lend her my phone so that she could make a call to somebody. She spoke with her contact for a long time that I had to have a discussion with her nephew, Abeeb, who asked me the kind of menial job I would like to do to have some money. I told him that I could work with bricklayers as a labourer.

“The following day, the woman Madam Alimotu called the day before gave me a call and I took the phone to her. I helped her to put the phone on speaker because she didn’t know how to operate it. I heard the woman asking Madam Alimotu if she had a male that would disguise as a madman. I pulled back when I heard that, thinking: ‘what does this woman mean?’

“As I pulled back, Madam Alimotu urged me not to do so, assuring me that she would never wish me evil. She told me to follow her out so that I would not be the only one at home. She told me to take extra clothes with me and also took three pieces for herself.

“When we got to Iwo Road, I asked her where we were going, but she just replied that I should follow her. We boarded another vehicle to Iyana Agbala. We entered a street and I felt like running because the place was deserted. I told her that I wanted to go back home but she shouted at me that she had just ₦1,000 with her and we had used it for transportation.

“She asked me to act as a madman, but I told her that I couldn’t do it. She then said that I should pretend to be a deaf and I had to agree because there was no money to transport myself back home. Eventually, she went with a woman to another place for the job, and I went with another man to the town where the pastor is.

“I met the man in the house at Iyana Agbala and noticed that he had been working with the syndicate before. She gave us N3,500 for transport fare, asking us to lap each other, and the man was the one who held the money. The woman at Iyana Agbala waited until she saw that the vehicle we boarded to the town we were going moved. The man I went with told me that I would be paid ₦7,000 for the job I was going to do.

“On getting to the town, we entered the church we were told to go to. We were made to go inside a room attached to the church and given directives on how we would play individual roles. The pastor walked past me but looked intently at me before moving forward. A woman whom I met in the church was asked to act as my mother and she sat beside me.

“At about 4pm, the church service started. The pastor and said there was a boy among the congregation who is deaf, asking him to come to the altar. My fake mother stood up and said that what the pastor said was true, as she brought her deaf child to the church. The pastor asked her to bring me forward and started praying. He poured oil on my head and immediately, I started acting as if I just woke up from a dream as I was taught to do. I asked: ‘Where am I?’

“That I could talk sent the congregation into frenzy. I was given microphone to talk. The pastor then said that those who believe that is nothing God cannot do should come forward to drop ₦10,000 each at the altar. People started rushing forward to drop cash of varied amount. Some others did money transfer from their bank’s app.

“When we got back to Ibadan the following day, we dropped at Iyana Agbala. Madam Alimotu was called and she asked me to go home. I was given ₦500 for transport fare. When I got to Iwo Road, I went to my biological mother and mocked her belief in a religion, telling her that she was always buying water that had been prayed into. She is a Muslim but used to go to churches for prayers and purchase of spiritual water.

“I left for my uncle’s house but he was angry I went somewhere without informing him. He told me to pack my things and leave his house. Then, I explained things to him. I also told him that I informed a co-tenant but didn’t know we would go that far. He said he suspected Madam Alimotu and had advised her to desist from it.

“Aside the transport fare we were given when going to the church, I was not given any money when we returned to Ibadan. I was on WhatsApp when I had an audio call from the syndicate leader, asking if I was given ₦3,000 by Madam Alimotu. I told her I was not given anything. The syndicate leader asked me to take my phone to her and I heard when she castigated her, saying that she was the one who called her for the job and was not doing the right thing. Madam Alimot snatched the phone from me, saying that I had exposed her secret.

“I went to my uncle and told him what just transpired. I said that I was afraid of being attacked because Madam Alimotu told the syndicate leader that I had exposed them. He asked me to go to my mother but I didn’t want to go.

“He went to Madam Alimotu. The syndicate leader sent me a WhatsApp message saying ‘well done’ to me. She said that Madam Alimot came to her and told her that I have exposed everything they were doing to our neighbours. I also heard her telling that neighbour who knew that she took me out that she would drag issues with me. I went to her the following morning and she said I took her footwear. I had to lodge a complaint with OSST when she continued to threaten me.”

The OSST Commandant, Olusegun Idowu, confirmed that the 17-year-old boy who is a JSS 3 student, reported the case of threat to life.

He said that during interrogation, it was discovered that those involved were not only within Oyo State but outside, adding that the complainant and the apprehended woman were transferred to Sanyo police station in the state police command for further investigation.

Last modified on Wednesday, 01 May 2024 08:56

One of the two brothers, Henry Odep, believed to be part of cybercrime syndicates has disclosed that he made the sum of N460,000 from impersonating the FCT Commandant, Olusola Odumosu’s Facebook account.

The cyber thieves who were captured by the Nigerian Security and Civil Defence Corps made the confession when they were apprehended and paraded during a press conference held in Abuja on Tuesday.

In September 2023, the NSCDC FCT Command issued a public alert regarding a fake Facebook account impersonating the FCT Commandant, Olusola Odumosu.

Identified as Henry Odep and Emanuel Odep from Cross River State, they were apprehended with evidence linking them to cyber fraud activities.

Henry who spoke to journalists said he started a cybercrime business in 2016 through a friend who made huge money from it.

“I made N460,000 from the fake Facebook account of the commandant between September- December 2023,” he added.

Emanuel, upon apprehension, provided valuable information leading to the arrest of his elder brother, Henry, who was found in possession of the device used to operate the fake Facebook account.


Henry admitted to initiating his brother into cyber fraud, which involved duping numerous individuals through various online schemes, including impersonating the late Assistant Commandant General, NSCDC Helen Amakiri.

The NSCDC said investigation revealed their use of platforms such as Opay, Moniepoint, and Palmpay to receive illicit funds, as well as their association with individuals unknowingly involved in their criminal activities.

Those inadvertently implicated in the investigation, including Amadi Chisom and Okafor Evelyn, have been granted bail pending further legal proceedings, as they were found to know nothing about the fraudulent activities.

Items recovered from the suspects include various electronic devices and POS machines used in their illegal operations.

Odumosu, addressing journalists, stated that “after an extensive investigation and a seven-month pursuit, collaborative efforts between NSCDC intelligence units and their counterparts from Delta and Anambra State Commands led to the apprehension of the individuals responsible for the deceptive Facebook account.”

The FCT NSCDC Commandant also warned cybercriminals that they would be apprehended and prosecuted to the full extent of the law.

Odumosu noted that the arrest served as a clear message that crime does not pay, and collaboration with other security agencies will continue to ensure the safety and security of citizens against all forms of criminality.


“Investigation is still ongoing. When it is concluded, they will be prosecuted according to the extant laws, and we believe that appropriate sanctions will be meted out on them.

“We want to use this opportunity to warn all cybercriminals who specialise in defrauding people of their hard-earned money to find legitimate trade to do because, sooner or later, the long arm of the law would catch up with them.

“The NSCDC FCT Command, in collaboration with other security agencies, will continue to launch its dragnet into fighting any form of criminality that will contravene peace, security, and any other government’s interest for the people,” he said.

Nigerian singer Inetimi Alfred Timaya Odon, popularly known as Timaya, has lashed out at his social media handler, Bolaji Fadipe, for involving him in the social media feud between Davido and Wizkid.

Timaya, who expressed his displeasure, said despite repeated warnings, Bolaji reportedly persisted in involving him in unrelated matters.

He wrote: “BOLAJI FADIPE U ARE A MAD MAN FOR TWEETING WITH MY HANDLE. I have warned u severally but u wouldn’t listen. Y’all know I mind my business but this guy doesn’t listen because u work with my team and have access doesn’t mean u should put me on people’s business. I want u to enjoy the fame u want to hide behind. Fool”

DAILY POST recalls that in the latest turn of events, tensions escalated between Nigerian music icons Wizkid and Davido, sparking a heated exchange on social media.

It all started when Wizkid on Monday uploaded a video that appeared to be a subtle mocking of the 30BG boss.

The post stirred a flurry of reactions from fans of both singers, including spats from other singers like Kizz Daniel and Tekno, who went at each other.

Davido, on Monday evening, took to the X platform to tweet what seemed a subtle dig at the Ojuelegba crooner, stating that his songs are no longer recognised.

[DailyPost]