General
ISACA Warns on Vulnerabilities of Remote Work to Cyber Attacks
By Adedapo Adesanya
The Information Systems Audit and Control Association (ISACA) has warned Nigerians working from the comfort of their homes to be wary of possible cyberattacks, which are rampant at vulnerable periods.
According to Director, Research and Marketing of ISACA, Abuja Chapter, Mr Ime Udoko, there are increased threats of attacks to people who have adopted the Remote Work Model (RWM)
Mr Udoko said on Wednesday that the COVID-19 pandemic has encouraged the use of RWM by businesses and institutions, but warned that if precautionary measures were not taken, they can be easily attacked by cyber criminals.
“The RWM model mandates organisations’ personnel to connect remotely to their respective offices to do their work and access business emails and applications using home devices.
“Unfortunately, most often, home devices are not protected by the corporate firewalls and anti-phishing security controls.
“Most times, connections are made using home routers which are ungoverned, browsers on many computers provided by companies hold sensitive information like User identities and passwords.
“Already, attackers find these as easy targets to gain remote credentials and perform malicious logins to corporate network.
“With the low level of security awareness, phishing campaigns through email makes employees at home a soft and easy target,” Mr Udoko said.
He further said that many believed that connections to corporate networks in the Work From Home model were done through Virtual Private Network (VPN) and were secured but said private networks could be manipulated and could be damaging.
He recalled that even by the disruption of COVID-19 era, there were already some disturbing statistics about Nigerian internet space by the Threat Intelligence Reports of CheckPoints, an institution monitoring cyber threats globally.
“Typical organisations in Nigeria with internet presence is being attacked 1,292 times per week in the last six months compared to 411 attacks per organisation globally.
“88 percent of the malicious files targeting institutions in Nigeria were delivered through emails, compared to 66 percent of malicious files globally.
“The most common vulnerability exploit type in Nigeria is Remote Code Execution (RCE) which is impacting 70 percent of organisations in the country,” he recalled.
The ISACA Research Director said that COVID-19 had changed business model and this had made it susceptible to a double rate of attacks which could be blamed on low cyber risks awareness level.
He added that the attacks stated by CheckPoints were being launched on organisations operating 90 percent physical model and less than 10 percent cyber dependence.
He advised that government, private institutions should consider setting up a Cyber Risk Management team to evaluate all possible risk scenarios, ensure adequate Information Technology resources to support staff.
“Companies should invest more on creating awareness on the do’s and don’ts while working from home, ensure employees’ devices comply with organisations’ internal policy, have up-to-date security software and security patch levels.
“Ensure all the corporate business applications are accessible only via encrypted communication channels, ensure Data at Rest (DAR) on employee laptops are encrypted to protect against unauthorised disclosure in the case of theft or devise loss.
“Where possible, get full protection from credential theft through phishing or social engineering as well as malware, exploits, ransom ware, and other email-delivered threats, by investing in relevant services.
“Safeguard access to application portals through the use of multi-factor authentication mechanisms, vet Bring-your-own-device (BYOD) such as personal laptops or mobile devises from the security standpoint,” Mr Udoko stated.
He also advised institutions to ensure policies for responding to security incidents and personal data breaches were in place to the knowledge of the staff.
According to him, the processing of personal data by the employer in the context of remote working should be in compliance with the local legal framework on data protection such as Nigeria Data Protection Regulations (NDPR).
Mr Udoko said that employees should be discouraged from sharing the virtual meeting URLs on social media or other public channels, adding that unauthorised third parties could access private meetings and breach business confidentiality.
By Adedapo Adesanya
The South African Consulate General in Lagos, in partnership with Brand South Africa and the Development Bank of Southern Africa (DBSA), is hosting the 4th edition of the South Africa Focus Week in Lagos, Nigeria, from April 22 – 26, 2026.
The annual platform continues to grow as a strategic initiative aimed at fostering social cohesion between South Africans and Nigerians while positioning South Africa as a preferred destination for business, tourism, and education. Since its inception in 2023, South Africa Focus Week has attracted over 1,500 participants, bringing together stakeholders from across sectors, including trade and investment, arts and culture, tourism, aviation, and the culinary industry.
The 2026 edition holds particular significance as it coincides with the 30th anniversary of South Africa’s democratic Constitution, enacted in 1996, as well as 32 years of unbroken diplomatic relations between South Africa and Nigeria, established in February 1994. These milestones underscore the enduring partnership between the two nations, rooted in shared history and strengthened through formal agreements and ongoing collaboration.
The 2025 economic relationship between South Africa and Nigeria reflects a strategically significant, multi-dimensional partnership anchored in trade, energy security, investment flows, and strong institutional cooperation. While bilateral trade remains structurally imbalanced – with South Africa exporting US$468.48 million and importing $1.69 billion, resulting in a $1.22 billion deficit – this dynamic is largely driven by South Africa’s reliance on Nigerian crude oil, positioning the relationship as one of strategic interdependence rather than imbalance alone.
This partnership is further elevated by the relative economic weight of both countries. According to IMF projections, South Africa’s economy is valued at approximately $443.6 billion, while Nigeria’s stands at around $334.3 billion in nominal terms for 2026. As two of the largest economies on the continent, their bilateral engagement constitutes a central axis of African economic activity, with disproportionate influence on the success of continental integration efforts.
Beyond trade, the relationship is reinforced by deep two-way investment linkages. South African firms -including MTN Group, Shoprite, and Standard Bank – maintain a strong presence in Nigeria, while Nigerian companies such as Access Bank and Paystack have established a growing footprint in South Africa. Although investment flows are asymmetrical and some Nigerian firms have faced operational challenges, these exchanges reflect an emerging bi-directional economic corridor that extends beyond goods trade into services, finance, and digital innovation.
Aligned with Brand South Africa’s mandate to build the country’s global reputation and competitiveness, the week-long programme will convene leaders from government, business, civil society, academia, and the media. Discussions will focus on leveraging the African Continental Free Trade Area (AfCFTA) as a tool for market access and global positioning, with Nigeria serving as a key focal point.
The South Africa Focus Week has features a series of high-level engagements and cultural activities designed to deepen economic ties and promote collaboration: South Africa–Nigeria Infrastructure Investment Conference (April 22, 2026) which was held under the theme South Africa–Nigeria Partnership: Unlocking Infrastructure Opportunities,” the conference will bring together key stakeholders in infrastructure development to explore collaborative projects in road, rail, and transportation systems.
The forum also examined the role of Public–Private Partnerships (PPPs) and facilitated discussions on project financing and implementation with institutions such as the DBSA and Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).
This was followed by the 2nd Economic Diplomacy Roundtable (Thursday, April 23, 2026), which was hosted in partnership with MTN Nigeria under the theme Role of Technology in Infrastructure Development, the roundtable will convene senior government officials, private sector leaders, and industry experts to identify investment opportunities and strengthen strategic partnerships.
Friday, April 24, was for Arts and Culture Experience, which is a dedicated cultural day will showcase Lagos’ creative spaces and features a panel discussion on South Africa’s arts, film, music, and culture. The programme includes a South African film screening, engagements with filmmakers, and a networking reception aimed at fostering collaboration between the creative industries of both countries.
The event continues on Thursday, April 25, with Freedom Day Celebration and Closing Ceremony. This commemorative event will celebrate 30 years of South Africa’s Constitution, 32 years of freedom and democracy, and the enduring diplomatic relations between South Africa and Nigeria. The ceremony will also provide an opportunity to reflect on outcomes from the week and outline future areas of cooperation.
The celebration forms part of Brand South Africa’s Global South Africans Programme, which recognises and connects South Africans in the diaspora as ambassadors of the nation’s values and identity.
The week climaxes with the 4th edition of the South Africa Golf Tournament at Ikoyi Golf Club on Saturday, April 26, 2026, which will be done in partnership with Crossflex International.
According to a statement, the event aims to strengthen people-to-people relations through sports diplomacy, bringing together South African and Nigerian golfers in a spirit of camaraderie and collaboration.
By Modupe Gbadeyanka
The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.
Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.
He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.
After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.
The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.
He is being grilled over the matter and would be arraigned in court once the investigation is concluded.
This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.
The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.
By Adedapo Adesanya
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”
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