Strike: Varsities, students count losses

Nigerians are worried over the incessant strikes rocking the university system. To them, if not addressed once and for all, it will further bring the system to its kneels Apparently, these are not the best of times for the Nigerian university system and especially the students. While the system is yet to recover from the disruption of academic activities as a result of the industrial action by the Academic Staff Union of Universities (ASUU), the ivory towers were once again faced with fresh trouble, last week. A fresh strike, declared,…

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Cybercrime: Customs agents in dilemma over cargo losses

Customs agents are at the mercy of hackers, who hack their passwords to clear containers at Tincan Island Port, culminating in suspension of 80 licences over illegal release of cargoes. BAYO AKOMOLAFE reports The Federal Government has lost revenues running into billions of naira at the ports due to activities of cyber criminals. The loss was visible in 2011 when the Nigeria Customs Service (NCS)’s Automated System for Customs Data (ASYCUDA) was severally hacked several times and hundreds of containers cleared by fraudsters without payment of appropriate fees and duties.…

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Cybercrime: Underwriters mull N127bn yearly losses cover

Local underwriters have restricted themselves to conventional risks over the years due mainly to financial inadequacy Following an upsurge in predicate offences and other criminal activities, Nigerian underwriters are targeting 2018 to design products for potential victims of such vices, including cybercrime. Cybercrime, which has cost Nigeria its reputation in the international community, has led to annual losses of over N127 billion as revealed recently by the Minister of Communications, Mr. Adebayo Shittu. The underwriters’ inroad into the new policy initiative, according to findings, is, however, subject to commensurate capital…

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