News
EFCC Chairman Narrates How 17-year-old Hacked His Computer, Bank Account
Published
2 weeks agoon
By
EditorThe Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, narrated an incident where a 17-year-old successfully hacked into his personal computer and bank account while being interrogated at his office in Lagos.
The anti-graft agency chairman made this known in a chat with editors at the EFCC Headquarters, Jabi, Abuja, last Tuesday.
Olukoyede recounted inviting the 17-year-old for questioning at his own office, only to witness the young hacker effortlessly bypass the security measures of his locked computer right before his eyes.
He said, “I brought into my Lagos office a seventeen-year-old boy who is studying History and Anthropology. He is in the 200 level. He is not doing anything science-related. The guy sat in my office in Lagos and demonstrated some things to me on my laptop.
“He asked for my number, I gave him my number and through my number, he got my BVN. He then mentioned the name of my account number to me at the bank. I didn’t tell him anything.”
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According to him, the country must take all necessary measures to discourage these young individuals, as their actions could lead to imprisonment or even fatal consequences.
“The problem is, I see crime in that, and I also see opportunities in it. So, if you leave these guys, we don’t make them know that what they are doing is wrong, if you leave them, they will continue to see it as a way of life to make money.”
He mentioned that due to their young ages, the EFCC would administer light sentences to punish youths for the cybercrimes they committed, while also focusing on helping them change their orientation.
“We plead for light sentences so that we can reorientate them and that’s part of what we’re doing. What joy will I derive from sending a 17-year-old boy to jail? You have destroyed his future. You have destroyed his career.
“Sometimes they give them options of fines and all of that conviction, so we bring them in, lecture them and talk to them.”
In a bold demonstration of his skills, the boy confidently informed Olukoyede that he could transfer up to 10 million naira from any account in a single transaction.
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He said the 17-year-old boy, when he was done, said, “Look, oga, I can make 10 million now. I will demonstrate it to you. I will move money from your account to mine.
“I said no, don’t do that in my office and he was ready to do that. When he opened my laptop, I didn’t give him the key to my laptop and he had access.
“When questioned about his involvement in cybercrime, the boy explained that his parents, who are both farmers, were unable to work on their farm due to security concerns.
“He has two younger ones. One is in JSS2 and the other is in SSS2. He is the one feeding his parents and responsible for the payment of tuition for his younger ones.
“I saw a Bill Gates in that guy.”
Olukoyede, however, assured the boy that he would take responsibility for his schooling if he was able to stop the criminal act.
“I told my family, we are going to do that.
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“I spoke to one of my friends who is also ready to help take up the schooling of the SSS 2 guy. So I’m still looking for someone who will take up the one for the JSS 2 sibling.”
This is not the first time the EFCC chairman has revealed the anti-graft agency’s plan to rehabilitate convicted internet fraudsters with reduced sentences.
Addressing a delegation of the National Association of University Students in March 2024, he said “when you think deeply, that tag ‘ex-convict’ is not a good thing. You can never tell where you will find yourself tomorrow, and they will want to profile you and discover that you are an ex-convict.”
“So, it is even in the interest of the youth that the EFCC is doing what it is doing to prevent them from indulging in the heinous act of cybercrime.”
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News
BREAKING: CBN Withdraws Circular On Cyber Security Levy
Published
1 hour agoon
May 19, 2024By
EditorThe Central Bank of Nigeria, CBN has withdrawn the circular directing banks and other financial institutions to implement the 0.5 per cent cyber security levy.
The withdrawal of the circular was announced via a statement signed by Haruna Mustafa, Director, Financial Policy and Regulation, Department and Chibuzo Efobi, Director, Payment System Management Department.
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The circular stated: “The Central Bank of Nigeria circular dated May 6, 2024 (Ref. PSMD/DIR/PUB/LAB/017/004) on the above subject refers. ‘
“Further to this, please be advised that the above referenced circular is hereby withdrawn.”
News
JUST IN: Tinubu Appoints Spokesperson, Ngelale, As Special Envoy On Climate Action
Published
3 hours agoon
May 19, 2024By
EditorPresident Bola Tinubu has appointed his Special Adviser on Media and Publicity, Mr. Ajuri Ngelale, as Nigeria’s Special Presidential Envoy on Climate Action.
This was as he established a 25-person committee to oversee the country’s green economic initiatives.
“Ngelale will serve in this role as part of a larger Presidential Committee, to be chaired by the President,” the office of the secretary to the government of the federation revealed in a statement signed Sunday by its Director of Information and Public Relations, Segun Imohiosen.
“Ngelale will retain his role as the Official Spokesperson of the President and Special Adviser to the President on Media & Publicity while serving on the committee,” it added.
The statement is titled, ‘President Tinubu establishes a committee to oversee green economic initiatives, appoints Chief Ajuri Ngelale as special envoy on climate action.’
Imohsien said the Presidential Committee on Climate Action and Green Economic Solutions will “coordinate and oversee all policies and programmes on climate action and green economic development.”
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“This is to remove the constraints to coordination, foster a whole-of-government approach to climate-action programmes, provide an efficient governance architecture, and ensure that all relevant institutions in the sector are plugged into the President’s vision and are collectively implementing the Renewed Hope Agenda on climate action,” it further explained.
The new committee which has the President as its Chairman also includes the Minister of Environment, Mr. Balarabe Lawal as its Vice-Chairman, and Mr. Ajuri Ngelale as its Secretary/Special Presidential Envoy.
Members are the CEOs of, InfraCorp, Mr. Lazarus Angbazo; National Council on Climate Change, Mr. Salisu Dahiru; Infrastructure Council Regulatory Commission, Mr. Michael Ohiani, Nigeria Investment Promotion Council, Mrs. Aisha Rimi and National Social Investment Fund, Mr. Aminu Umar-Sadiq.
The committee also consists of the CEOs of the National Agency for the Great Green Wall, Mr Yusuf Maina-Bukar, Energy Commission of Nigeria, Mr Abdullahi Mustapha; Rural Electrification Agency, Abba Aliyu; CreditCorp, Uzoma Nwagba, the National Agency for Science and Engineering Infrastructure, Khalil Halilu Member, Solid Minerals Development Fund, Fatima Shinkafi; CBN Deputy Governor (Deputy Governor, Corporate Services Directorate) Mr Bala Bello; UN SE4ALL, Lolade Abiola; Member and an Adviser to the NCCC Adviser, Teni Majekodunmi.
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Others are representatives of the Federal Ministries of FCT, Finance, Industry, Trade & Investment, Water Resources, and Agriculture & Food Security.
The committee also consists of representatives from the Federal Inland Revenue Service and the Nigeria Customs Service.
The OSGF outlined eight objectives of the Presidential Committee. They are to:
“Identify, develop, and implement innovative non-oil & non-gas climate action initiatives.
“Coordinate all activities of relevant federal institutions towards the attainment of all agreed climate action and green economic objectives and non-oil/non-gas ambitions of the federal government.
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“Collaborate with all relevant government, subnational governments, non-government, and civil society entities towards the attainment of the climate action objectives and ambitions of the federal government.
“Collaborate with national governments and multilateral institutions towards the attainment of the climate action objectives and carbon market ambitions of the federal government.
“Monitor, evaluate, and guide the progress of all climate action and renewable energy projects and activities of the federal government.
“Track and guide the implementation of initiatives and developments conducted by the Energy Transition Working Group.
“Supervise the work of the Presidential Steering Committee on Project Evergreen and
“Prepare a half-yearly green ambitions update, covering all associated climate action achievements of the federal government.”
News
Hilton Expands Presence in Nigeria With Two New Hotel Signings
Published
5 hours agoon
May 19, 2024By
EditorBy Tari Ayesinghan | Lagos
Hilton has announced the signing of two new hotels in Nigeria, Canopy by Hilton Lagos Victoria Island and Hilton Garden Inn Enugu.
The move marks a significant expansion of the global hospitality company’s presence in the country.
Canopy by Hilton Lagos Victoria Island will feature 176 guest rooms and suites, a rooftop bar, and a conference room.
The hotel is located in the heart of Victoria Island, with stunning views of the Atlantic Ocean.
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Hilton Garden Inn Enugu will have 150 guest rooms and suites, a gym, and an outdoor pool.
The hotel is situated in the HELIU Health Tourism District & Residences, a new development that includes a hospital, shopping mall, and office park.
The two new hotels will join Hilton’s existing properties in Nigeria, Transcorp Hilton Abuja and Legend Hotel Lagos Airport, Curio Collection by Hilton.
The company has also announced plans to develop Koko Beach Resort Ilashe Lagos, Curio Collection by Hilton.
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Carlos Khneisser, Hilton’s Vice President of Development for the Middle East and Africa, said: “We are excited to announce the signing of Canopy by Hilton Lagos Victoria Island and Hilton Garden Inn Enugu. These new signings reaffirm Hilton’s commitment to Africa’s hospitality sector and confidence in Nigeria as a dynamic and growing market.”
The new hotels are expected to provide guests with a unique and welcoming experience, with a focus on local culture and hospitality. Hilton Garden Inn Enugu is set to open in 2025, while Canopy by Hilton Lagos Victoria Island is expected to open in 2026.
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