Author: Val Kosi

  • Coke Studio Announces Africa’s Finest in Real Wonder Collision

    Coke Studio Announces Africa’s Finest in Real Wonder Collision

    Coke Studio has named another buzz as it announces an extraordinary collaboration between BNXN, Young Stunna and Nikita Kering in its Real Wonder Regional collision. 

     Described as the iconic platform known for bringing together musical talents from across the world, Coke Studio  announced its return through the collaboration that is set to redefine Africa’s music landscape.

    What makes “Traboski (Coke Studio)” truly exceptional is the dynamic synergy between three immensely talented superstars from different parts of the continent. Joining BNXN on this musical journey are Young Stunna, a renowned artist representing South Africa and Nikita Kering, the sensational singer-songwriter from Kenya.

     Together they deliver a mesmerizing vocal performance that transcends borders and genres, promising to captivate listeners from the very first note.

     To breathe life into this exceptional track, Coke Studio enlisted the expertise of two acclaimed producers, Christer Kobedi and Eashan Thakrar. With their creative input and technical finesse, they have added an extra layer of depth and polish to “Traboski (Coke Studio)”, elevating it to new artistic heights.

    The Frontline Marketing Director, Coca-Cola Nigeria, Yusuf Murtala, in a statement said: “This year promises to be a pivotal moment in the world of African music, and I couldn’t be more excited about the journey ahead.”

    At Coca-Cola, we have always believed in the power of music to connect people, inspire creativity, and transcend cultural boundaries. It’s in this spirit of unity and artistic exploration that we proudly support Coke Studio, a platform that has consistently showcased the diverse and extraordinary talents of Nigerian and other African artists.

     Coca-Cola celebrates African talent and culture and we believe that moments like these have the power to inspire, uplift, and unite us all. We invite music enthusiasts and fans from every corner of the continent to join us on this musical journey and experience the real wonder of African creativity.

     Traboski (Coke Studio) is a true masterpiece that showcases the musical prowess of BNXN, Young Stunna and Nikita Kering. With its infectious melodies, captivating lyrics, and expert production, this song is destined to leave a lasting impression on anyone who listens.

     

  • Obi: Court Grants INEC Permission to Reconfigure BVAS for Guber Polls

    Obi: Court Grants INEC Permission to Reconfigure BVAS for Guber Polls

    The Court of Appeal in Abuja has granted the request of the Independent National Electoral Commission (INEC) to reconfigure the Bimodal Voter Accreditation System (BVAS) it used for conducting the presidential election on February 25.

    In the ruling delivered on Wednesday, a three-member panel of the court of appeal led by Joseph Ikyegh held that reconfiguring the BVAS would constrain it from conducting the March 11 governorship and State House of Assembly elections.

    In an application, Peter Obi, presidential candidate of the Labour Party (LP), had sought an order of the court “restraining the 1st respondent (INEC) from tampering with the information embedded in the BVAS machines until due inspection is conducted and certified true copies (CTC) of them issued”.

    The court dismissed the objections by LP and Obi against the request. It said that allowing the objections would amount to tying the hands of INEC.

    The court held that the backup files on the server cannot be lost and that restraining INEC will affect the forthcoming elections.

    It noted that INEC had in an affidavit filed before the court, assured that the accreditation data contained in the BVAS could not be tampered with or lost.

    The court, however, ordered INEC to allow the Applicants to inspect and carry out a digital forensic examination of all the electoral materials used in the conduct of the elections, as well as to avail them of the CTC of the result of the physical inspection of the BVAS.

    Ismail Aniemu, Publisher of JournalNG and ghostwriter, is a maritime journalist with over two decades of practice with a multidisciplinary background. He holds a master’s degree in Transport Management from Ladoke Akintola University of Technology(LAUTECH) with a bias for logistics. He is also an alumnus of the Times Journalism Institute where he obtained a postgraduate diploma in Journalism

     

  • At Special Annual Summit, Finance Sector Stakeholders Restate Commitment to Quality Education

    At Special Annual Summit, Finance Sector Stakeholders Restate Commitment to Quality Education

    Stakeholders of the financial sector of the Nigerian economy have charged private operators to promote innovative and sustainable approaches to uplift the educational standards for underprivileged children living in low-income communities.

    Among the stakeholders are Managing Director of EDC Fund Management Limited, a member of the Ecobank Group, Mrs. Oluwayemisi Ogunmola; CEO of Sterling Bank, Abubakar Suleiman; CEO of Unity Bank, Mrs. Oluwatomi Somefun; Chairman, African Philanthropy Forum, Gbenga Oyebode; Founding Partner at Banwo & Ighodalo, Asue Ighodalo;  Managing Director, First E&P, Adeyemi Ademola  and Managing Director, Credit Direct, Chukwuma Nwanze.

    They maintained that private sector collaborations will offer the advantage of diffusing emotional burdens, leading to more informed and intelligent decision-making, as together, they can achieve much more to support the provision of sustainable education for the Nigeria youth.

    The stakeholders converged on the Ecobank Pan African Centre (EPAC) in Victoria Island, Lagos at The Special Foundation annual summit, tagged: Transforming Education Summit 2023.

    This year’s edition of the summit focused on the theme: “Enhancing Access and Quality Education in Africa” had visionaries, partners, corporate leaders and esteemed diplomatic representatives, converging to effect meaningful change in the realm of education.

    Founder of The Special Foundation, Seyi Akinwale, said the event sought to redefine the trajectory of education and leadership, said: “As we build a formidable platform that can confront societal challenges, proper solitaires and uphold the aspirations enshrined in the Sustainable Development Goals (SDGs).

    “The summit aims to chart innovative and sustainable approaches to uplift the educational standards for underprivileged children living in low-income communities.

    “Founded several years ago, The Special Foundation’s mission is to raise Africa’s future leaders by tackling the educational crisis in our society through increased access to education. What is truly rewarding is our journey from a single child nine years ago to now impacting over fifteen thousand children and continuing to educate more than four hundred children. This success is a testament to the collaborative spirit of the institutions and individuals here today.”

    Speaking, Suleiman articulated the role of the private sector, stressed that it was its responsibility to improve the lives of underprivileged children, saying: “In societies where children reside in impoverished conditions, we, the privileged elite are responsible for eradicating their suffering. It is not an act of benevolence but a solemn obligation.

    “A significant issue within the corporate sector is the pursuit of success at the expense of society. Some corporate actions inadvertently contribute to the creation of impoverished communities.

    “Then after achieving success, they attempt to ameliorate the problems they have indirectly caused. This approach raises concerns, and I believe that corporations must build their enterprises responsibly, avoiding the creation of slums and societal impoverishment.”

    On her part, Mrs. Somefun stressed the power of collaboration for the greater good, stating: “Individual efforts can be limiting, as we often find ourselves overwhelmed by the enormity of the challenges. Collaborations offer the advantage of diffusing emotional burdens, leading to more informed and intelligent decision-making. Together, we can achieve much more.”

    Also speaking, Managing Director of EDC Fund Management Limited (a member of the Ecobank Group), Mrs. Ogunmola said the organisation supports promotion of quality education for youths, as an avenue to create future leaders for Nigeria and Africa, which she said, was at the core of EDC’s Corporate Social Responsibility (CSR) activities.

    Maintaining that the initiative is ensuring that children who come from underserved communities are given the opportunity and a shot at making it in life, she said: “The value connection between us and TSF was instant. As one of the thriving asset management firms in Nigeria, we don’t just proffer top notch financial solutions to our clients but also promote financial inclusion in our society.

    “We recognise there is an urgent need to support the indigent in our communities to enable them to integrate with the larger society, where opportunity is available for everyone to thrive, especially the young people amongst us.”

    The summit also featured inspirational stories from beneficiaries of The Special Foundation’s Inspire Scholarship program, a captivating live performance by Seun Adesina, Sinmidele Ayodeji and a thought-provoking call to action by Olakunle Soriyan, Chief Knowledge Officer of Kenneth Soriyan Research and Ideas LLC.

  • Guber Election: Seyi Makinde Re-elected as Oyo Governor

    Guber Election: Seyi Makinde Re-elected as Oyo Governor

    Governor Seyi Makinde of the Peoples Democratic Party (PDP) has been declared winner of the Oyo Governorship Election held on Saturday with a total of 563,756 votes.

    The incumbent governor defeated his closest rival, Teslim Folarin of the All Progressives Congress (APC) by a wide margin.

    He won 31 out of the 33 Local Government Areas in the state in the election which was contested by 15 other candidates.

    The state returning officer for the Independent National Electoral Commission (INEC) Adebayo Bamire, the Vice Chancellor of Obafemi Awolowo University (OAU), Ile Ife, announced at the INEC headquarters in Ibadan that Makinde garnered 563,756 votes to beat Folarin, who polled 256,685.

    Adebayo Adelabu of the Accord Party came a distant third with 38,357 votes.

    Ismail Aniemu, Publisher of JournalNG and ghost writer, is a maritime journalist of over two decades’ of practice with multidisciplinary background. He holds a masters degree in Transport Management from Ladoke Akintola University of Technology(LAUTECH) with bias for logistics. He is also an alumnus of the Times Journalism Institute where he obtained a post graduate diploma in Journalism

  • Nigerian Businesses, Consumers Unite Against IMF’s Tax Proposal: Seeking Economic Reform For Prosperous Future

    Nigerian Businesses, Consumers Unite Against IMF’s Tax Proposal: Seeking Economic Reform For Prosperous Future

    The International Monetary Fund’s recent proposal to the Nigerian government, suggesting tax hikes as a means to finance the national budget and pay off public debts, has sent shockwaves through the Nigerian business community and consumer groups. In response, a formidable alliance of businesses and entrepreneurs in Nigeria is pushing back, recognizing the threat the proposal poses to their very survival.

    At the core of this crisis lies the excessive cost burden shouldered by Nigerian businesses. Rising operating costs due to government policies, such as the removal of fuel subsidies and foreign exchange unification, have rendered many firms uncompetitive, both locally and globally.

    The IMF’s recommendation to increase taxes at this juncture could potentially push businesses to the brink, possibly triggering a wave of closures of businesses in Nigeria and job losses that would reverberate across the nation.

    While big industries and multinational organisations express their concerns about the hazards of tax increases, the small and medium-sized enterprises (SMEs) are particularly vulnerable. These businesses are the lifeblood of the Nigerian economy, contributing significantly to employment and economic activity. They are also the most susceptible to tax hikes and rising operational costs.

    Small business owners and entrepreneurs are presently at the forefront of the opposition against the IMF’s proposals. They argue that the focus of the present administration should be on promoting an environment conducive for business growth and job creation, rather than imposing heavier tax burdens that threaten their very existence.

    Nigerian industry and small businesses are mounting an impressive response to the IMF’s unpopular proposal. Business associations, chambers of commerce and advocacy groups are joining forces to form a powerful front against the IMF’s recommendations. In the midst of this resistance, they are demanding a more comprehensive approach to economic stability, one that prioritizes the creation of an environment favorable to business growth.

    They argue that their fight against the IMF’s tax hike proposals isn’t merely numbers adding that it’s a struggle for the survival of industries and small businesses, as well as the livelihoods of countless Nigerians who are leaving far below the World Bank recommend bench-marked poverty level.

    They also posited that the excessive costs that have pushed businesses to the brink must be addressed, adding that the solution does not lie in more taxes. Instead, they argue that Nigeria needs a holistic approach to economic reform, one that promotes competitiveness, fosters innovation, and ensures that businesses, both large and small, have the opportunity to thrive.

    Consumer income in Nigeria has faced immense pressure in recent years, with factors like the removal of fuel subsidies and the lingering effects of the COVID-19 pandemic leading to job losses, reduced working hours, and stagnant wages. Households have been navigating a challenging economic landscape where they are expected to do more with less. Prices of goods and services across the country have soared, with minimal or no corresponding increases in wages.

    In this context, the IMF’s proposal for increased taxes is seen as another threat to consumer income. Higher taxes can diminish disposable income, leaving consumers with less money for essential needs, savings, and discretionary spending. Consumer groups argue that higher taxes can affect various aspects of everyday life, pushing the cost of basic necessities like food, utilities, and transportation to rise, making it even harder for consumers to make ends meet. While governments may argue that these tax revenues are crucial for funding public services and economic recovery, consumer advocates insist that the approach should not unreasonably burden those already struggling to cover their bills.

    Consumer groups are urging governments and the IMF to consider alternative solutions that prioritise the well-being of consumers. Instead of relying solely on tax increases, advocates are proposing a more balanced approach, one that includes measures to curb wasteful government spending, reduce corruption, and stimulate economic growth. They argue that these measures can alleviate the financial strain on consumers while fostering economic stability.

    The ongoing debate surrounding the IMF’s tax increase proposal reflects the delicate balance governments must strike between revenue generation and safeguarding the well-being of their citizens. In the face of growing income inequality and economic disparities, the burden of higher taxes on consumers is a matter that should not be taken lightly.

    As the IMF proposal continues to generate discussions across by various interest groups, there are high hopes that the federal government will consider the plight of business operators and consumers in the country and turn deaf ears to the IMF proposal when making decisions about tax policies.

    For emphasis, the road to economic recovery should not come at the expense of those who are already struggling to make ends meet. A balanced approach that takes into account the concerns of business operators and various interest groups in the country, can lead to a brighter and more equitable future for all, and the outcome of this battle will undoubtedly have far-reaching consequences for Nigeria’s economic future.

     

  • Rhodes-Vivour Accuses INEC of Colluding with APC to Return Sanwo-Olu as Governor

    Rhodes-Vivour Accuses INEC of Colluding with APC to Return Sanwo-Olu as Governor

    Labour Party (LP) governorship candidate in Lagos State, Gbadebo Rhodes-Vivour has accused officials of the Independent National Electoral Commission (INEC) of colluding with the ruling All Progressives Congress (APC) to return its candidate, Babajide Sanwo-Olu as governor.

    Gbadebo, who stated this via his official Twitter page on Sunday described the outcome of the election as lies and falsehood.

    Results announced by INEC so far indicate that the Lagos incumbent governor, Babajide Sanwo-Olu will be declared winner of the election.

    The LP candidate, however, assured his supporters that he would defend their votes.

    He said: “Firstly, I would like to thank all Lagosians, especially our supporters, for coming out to vote yesterday for us. I’m convinced that with you in our corner, a NEW Nigeria is imminent.

    “However, I am saddened by the confirmed reports of violence and gross disenfranchisement of voters who only wished to perform their civic duty.

    “Attacks on polling units, voters, and our party agents are totally antithetical to what we stand for & what Lagos truly represents.

    “Collusion between the ruling party and electoral officials to return the candidate of the APC is a slap on the face of democracy and everyone who came out to vote for us on Saturday.

    “In the light of this, I am convinced beyond any doubt that the results being released by INEC do not represent the wishes of majority of peaceful Lagosians.

    “More so the results from our field agents and situation room indicated that we won this election. I am a champion of the people. We are far from done. Do not lose hope, do not waver.

    “This is not over, we have not come this far to accept outright lies, criminality & falsehoods. A fight for FREEDOM is never easily won.”

    “Every vote cast for me was done in the face of intimidation and risk of personal harm. Every such vote must count. Defending every one of those votes is a sacred duty. I will defend your votes – this is my vow to every LP voter

    Ismail Aniemu, Publisher of JournalNG and ghostwriter, is a maritime journalist with over two decades of practice with a multidisciplinary background. He holds a master’s degree in Transport Management from Ladoke Akintola University of Technology(LAUTECH) with a bias for logistics. He is also an alumnus of the Times Journalism Institute where he obtained a postgraduate diploma in Journalism

     

  • Schweppes Unveils 40cl PET Bottle for Enhanced Consumer Experience

    Schweppes Unveils 40cl PET Bottle for Enhanced Consumer Experience

    General Manager, Nigerian Bottling Company, Goran Sladic (left); General Manager, Coca-Cola Nigeria Limited, Fiyin Adewakun; Marketing Director, Coca-Cola Nigeria Limited, Yusuf Murtala; Head of Trade Marketing, Nigerian Bottling Company, Dayo Adefulu and Schweppes new ambassadors, Sharon Ooja and Ebuka Obi-Uchendu at the unveiling of Schweppes 40cl PET Bottle in Lagos recently

    Schweppes, a sparkling premium beverage, has introduced a new sleek and vibrant 40cl PET bottle into the Nigerian market. The recently introduced 40cl bottle is an extension of the elegance of the three Schweppes brand variants: Virgin Mojito, Chapman and Pineapple with malt extract.

    The launch event, which held at the W Bar, Ikoyi, Lagos, was attended by Nigerian celebrities from the entertainment industry as well as many corporate executives. It was a night of music and fun even as the audience were treated to a sip of their favourite Schweppes in the new bottle.

    Top music artistes like Byno, Chike, Wande Coal, Dbanj and the Okoye brothers, P Square engaged the audience with their energetic and classical songs that left guests excited at the event. The soiree also saw the Brand Ambassadors Ebuka Obi-Uchendu and Nollywood sensation Sharon Ooja in attendance.

    Speaking at the event, Marketing Director, Coca-Cola Nigeria, Yusuf Murtala, said that the aim of the Schweppes 40cl PET Bottle launch is to revolutionize the approach to how people socialise and foster positive connections.

    “Schweppes has an illustrious history of delivering exceptional and timeless flavors. Our objective is to elevate our consumers’ experience with the brand. With our innovative new bottles, consumers can now savor our premium brand and experience refreshment whenever and wherever they desire,” he said.

    Also speaking, Senior Marketing Manager, Flavours, Coca-Cola Nigeria, Adesoji Omoigui, emphasised that “the newest inclusion to the Schweppes family aims to provide elevated and gratifying socializing experience. The Virgin Mojito, Chapman and Pineapple with Malt Extract variants in the PET bottles are the perfect fusion of taste and style.”

    In a statement, the company explained that Coca-Cola Nigeria Limited is a total beverage company, offering one of the world’s most valuable brands, Coca-Cola. Our company portfolio includes valuable beverage brands, such as Coca-Cola, Fanta, Sprite, 5Alive juices, Eva water, Schweppes and Limca.

    “We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We’re also working to reduce our environmental impact by replenishing water and promoting packaging recycling across our value chain.

    “With our bottling partners, we employ more than 5,000 people with over 700,000 distribution partners helping bring economic opportunity to local communities. Learn more at the Coca-Cola Nigeria website at www.coca-cola.com.ng and follow us on Twitter, Instagram, Facebook and LinkedIn,” it added.

     

  • Governor Abiodun Wins Re-election Bid in Ogun

    Governor Abiodun Wins Re-election Bid in Ogun

    The Ogun State Governor, Dapo Abiodun, has defeated 13 other candidates to be re-elected for a second term of four years.

    The Independent National Electoral Commission (INEC) on Sunday, declared Abiodun winner of the governorship election held on Saturday after he polled 276,298 votes.

    The All Progressives Congress (APC) flag bearer defeated his closest rival, the Peoples Democratic Party (PDP) candidate, Oladipupo Adebutu, who polled 262,383 votes, with a difference of 13,915 votes.

    The returning officer of the governorship election in the state, Prof. Kayode Adebowale, declared Abiodun a winner at the collation center of the Commission in the state.

    Adebowale said that the total figure of registered voters was 2,688,305, while accredited voters were 666,406.

    A total of 645,133 votes were valid while 18,835 votes were rejected. He said that a total of 663,968 votes were cast.

    The APC won in Odeda, Egbado-North, Egbado-South, Ewekoro, Ijebu-North, Ijebu-Ode, Ipokia , Abeokuta-North. Ado-Odo/Ota, Ifo, Obafemi-Owode, and Imeko-Afon Local Government Areas of the state.

    The PDP won in Abeokuta-South, Ogun Waterside, Ijebu-North/East, Ikenne, Ijebu-East, Remo-North, Odogbolu and Sagamu.

    Ismail Aniemu, Publisher of JournalNG and ghostwriter, is a maritime journalist of over two decades of practice with a multidisciplinary background. He holds a master’s degree in Transport Management from Ladoke Akintola University of Technology(LAUTECH) with a bias toward logistics. He is also an alumnus of the Times Journalism Institute where he obtained a postgraduate diploma in Journalism

  • Victory Speech: Lagosians Chose Competence, Experience, Says Sanwo-Olu, Condemns Violence, Ethnic Profiling

    Victory Speech: Lagosians Chose Competence, Experience, Says Sanwo-Olu, Condemns Violence, Ethnic Profiling

    Governor Babajide Sanwo-Olu has said that his re-election for a second term has reaffirmed that residents of Lagos State has chosen competence and experience on the march to true greatness.

    Sanwo-Olu stated this at the Lagos House, Marina while giving the victory speech for his re-election, following the official announcement by the Independent National Electoral Commission (INEC).

    The governor was declared the winner of the Lagos State gubernatorial election at 1.15 a.m. and scored 762,134 valid votes to LP’s 312,329 and PDP’s 62,449 votes.

    He said that elections were over now, governance must continue, and the dividends of democracy must continue to be delivered, as there must be no break and no time off.

    According to him, his government will keep all the promises made to the people of Lagos State.

    ‘‘Lagosians, you did not just vote for Babajide Sanwo-Olu. You voted for a greater Lagos. I promise that together we shall achieve this. This is a promise that shall not be broken. A greater Lagos shall be ours.

    Sanwo-Olu said that four years ago, the people of Lagos gave him cause to deliver a similar victory speech. Since then, he had been conscious of the great responsibility upon him and the administration.

    ‘‘I have worked very hard to live up to this responsibility of governing the essential subnational economy in Africa. We certainly could not have done this by ourselves. What we have achieved, both in the last four years and in the just-concluded election, could not have happened without a long list of supporters and partners.

    ”First and foremost, let me thank the Almighty God, to whom we owe our very breath and who has spared our lives to see this day. I am also very grateful to all of you, the good people of Lagos—everyone, not just those who voted for us or those registered to vote. Lagos is what it is today because of you, regardless of ethnicity, religion, political affiliation, gender, or age.

    ‘‘We are a vibrant and thriving hub of commerce, finance, entrepreneurship, innovation, and culture because of the diversity that has come to define us over the decades and the centuries. Thank you,” he said.

    Victory Speech

    The governor commended fellow contestants for their participation in the democratic process and their contribution to creating a truly competitive political space in Lagos.

    According to him, in the true spirit of sportsmanship, there is no victor, no vanquished.

    He said that during the campaign, sadly, a lot of divisive rhetoric was used, as some tried to make the elections about ethnicity and religion when they should only have been about capacity, competence, and experience.

    ‘‘We saw hateful and hurtful ethnic profiling by fellow citizens – which is totally out of place for us as Lagosians, the proud residents of West Africa’s pre-eminent melting pot. I want to recognize and salute all the multitudes of residents who refused to succumb to those who sought and still seek to divide us with their unguarded and inciting comments.

    ‘‘Unfortunately, there are reports of skirmishes in some local government areas wherein some citizens were reported to have been injured. We strongly condemn these reprehensible incidents – that is not who we are. The relevant law enforcement and security agencies have been directed to investigate these law breaches and ensure that those found guilty face the full wrath of the law.

    ”Now that the elections are over, we must reaffirm the spirit of solidarity and togetherness that binds us as Lagosians.

    ”As I said in my last pre-election address, we have a lot of work to do in working and moving past the divisive rhetoric that has shaped the course of this election cycle,” Sanwo-Olu said.

    He said it was very significant, and this could not be overemphasized that what united all as residents was far more critical and substantial than whatever differences existed.

    He said that the true Lagos spirit remained a welcoming, embracing, liberal one, not a divisive, exclusionary one.

    ”In the days and weeks and months ahead, we will continue to do everything to demonstrate and amplify this,” the governor said.

    (NAN)

    Ismail Aniemu, Publisher of JournalNG and ghostwriter, is a maritime journalist with over two decades of practice with a multidisciplinary background. He holds a master’s degree in Transport Management from Ladoke Akintola University of Technology(LAUTECH) with a bias for logistics. He is also an alumnus of the Times Journalism Institute where he obtained a postgraduate diploma in Journalism
  • Ecobank Tasks Customers on Cybersecurity Consciousness

    Ecobank Tasks Customers on Cybersecurity Consciousness

    Ecobank Nigeria has advised its customers and stakeholders to stay safe online and boost their cybersecurity initiatives against the rising activities of cyber criminals.

    In an email message to customers as part of the Cybersecurity Awareness Month, the bank enjoined its customers to integrate four key measures into their online practices to safeguard their personal data from digital threats.

    These include, using strong passwords and (or) a password manager, turning on multifactor authentication, recognizing and reporting phishing and regular update of their phone or computer software.

    The National Cybersecurity Awareness Month is usually celebrated in October of every year. It is a month-long effort dedicated to promoting cybersecurity awareness and education. It aims to empower individuals and organizations to take proactive steps in safeguarding their digital lives, assets, and sensitive information.

    According to the bank, customers should be risk aware enough to recognise and report phishing, describing phishing as an attack that attempts to steal money, or identity, by getting bank customers to reveal personal information, such as credit card numbers, bank information, or passwords – via a phishing website or link that poses to be legitimate.

    “Cybercriminals typically pretend to be reputable companies, friends, or relatives in a fake message. Be careful if you receive an email or message asking for personal information. If you get this type of message, don’t provide the requested information without confirming that it is legitimate.

    “We also advise customers to always use multi-factor authentication to protect their bank accounts and confidential information.  Multi-factor authentication acts as an additional layer of security that helps prevent unauthorised users from accessing your accounts, even when the password has been stolen.

    “Multi-factor authentication is a multi-step account login process that requires users to enter more information than just a password. For example, along with the password, users might be asked to enter a code sent to their mobile or email, answer a secret question, or scan a fingerprint,” the bank stated.

    Further, Ecobank stressed the need for a strong password, “Your PIN, OTP and passwords should always be kept confidential. For strong passwords, consider using three random words, a mixture of capital letters, special characters and even numbers.

    “In addition, you should update your apps and your device’s software as soon as they are available. Updates include protection from viruses and other kinds of malware and often improvements as well as new features.”

    The Pan-African Bank noted that it continually runs awareness programmes to ensure employees and customers understand the various forms of cybercrime and how to prevent them, stressing that with digital banking remains a key pillar of its strategy.

    “We must ensure our platforms are well secured to safeguard the integrity of our data.

    The bank has invested heavily in training and various forms of capacity building to ensure staff understand cyber related challenges and address them promptly,” the statement added.