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First Bank Spends ₦15Billion To Guard Systems Against Hackers, Cyberattacks In Five Months –CEO

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The bank’s Chief Executive Officer, Mr. Olusegun Alebiosu, revealed this on Wednesday while speaking on the sidelines of a two-day National Seminar on Banking and Allied Matters for Judges, held in Abuja.

First Bank HoldCo Plc has disclosed that it spent over ₦15 billion to protect its banking systems from cyberattacks between January and June this year, as digital threats to financial institutions continue to rise across Nigeria.

The bank’s Chief Executive Officer, Mr. Olusegun Alebiosu, revealed this on Wednesday while speaking on the sidelines of a two-day National Seminar on Banking and Allied Matters for Judges, held in Abuja.

Mr. Alebiosu said the bank invested ₦3 billion in cybersecurity measures in June alone, part of a broader commitment to safeguarding customer assets and maintaining trust in Nigeria’s banking system.

The News Agency of Nigeria reports that the CEO said the bank had the most robust cybersecurity framework in the country, which justified the substantial investment.

Speaking on the rising wave of cyberattacks targeting banking systems, Mr Alebiosu assured First Bank customers that their funds remained secure.

He also expressed concern over the growing involvement of some Nigerians in cybercrime, stressing the urgent need for the country to tackle the menace decisively.

He said, “No customer would lose their money in First Bank unjustly. If their money is missing from First Bank, First Bank will pay it back. Before I joined First Bank, I had an account with First Bank. One of the reasons why I had an account with First Bank was that I said to myself, if my money is missing, it is the only bank I know I will collect my money back without any excuses.”

Responding to customers’ complaints about delays in addressing cases of fraudulent transactions, Mr. Alebiosu explained that the bank must carry out thorough investigations involving multiple stakeholders.

He said the delays often stem from the need for collaboration between security agencies and the recipient banks to ascertain the facts surrounding each case thoroughly.

Mr. Alebiosu also advised customers to be cautious when handling and sharing their financial information.

“Customers themselves, most times, also compromise their own security details; I have seen a lot of people that give their cards to somebody to help them withdraw money from their ATM. They compromised their password, so when something happens and you say, my money disappeared, you forget the day you gave your card to someone else and they can use that to transfer your money,” he said.

“Some people even compromise their own ID on the system carelessly; some give their Bank Verification Number (BVN), and they use it against them.”

“Now, why does it take time for the bank to react? everything you give to the bank, the bank has to investigate it. The money might have gone to other banks, so you start tracking from other banks, but sometimes customers are impatient,” he said.

Regarding alleged fraud committed by staff, he stated that the bank uses internal employee fraud detection software to monitor staff activities on its systems.

He added. “If you knew how many of our staff we sack on a monthly basis, you wouldn’t believe it. So if there are triggers, people will be involved. It is for us to run faster than them and see how we can help to stop these kinds of things in our system but wherever we see it, we deal with it decisively.”

He stated that curbing cybercrimes requires the active involvement of various stakeholders, including banks, law enforcement agencies, and the judiciary.

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VIDEO: IT’S ALL FALSE , THERE IS NO SUSPECT IN ANTI-KIDNAPPING UNIT [TIGER BASE] OWERRI THAT HAS STAYED IN CUSTODY FOR MORE THAN 48- HOURS WITHOUT COURT ORDER. — IMO POLICE PPRO RESPONDS TO DETENTION ACCUSATIONS DURING FACILITY INSPECTION BY PRESS MEN.

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By Prince Uwalaka Chimaroke

7- DEC- 2025

 

The Imo State Police Command on Friday, December 5, 2025, opened the doors of its Anti-Kidnapping Unit—widely known as Tiger Base—to an independent inspection team made up of journalists, civil society groups, and human rights advocates, following viral allegations of organ trafficking, torture, unlawful detentions, and the existence of a “slaughterhouse” within the facility.

Acting on the directives of the Commissioner of Police, CP Aboki Danjuma, the Police Public Relations Officer, DSP Henry Okoye, and the Commander of the Unit, ACP Odeyeyiwa Oladimeji, led the fact-finding delegation through all sections of the premises in Owerri. The visit was designed to ensure transparency and address public concerns generated by several sensational online reports.

Throughout the tour, the delegation inspected operational areas, observed procedures, and engaged directly with officers. In one corner of the compound, the team sighted carved wooden images previously misrepresented on social media as ritual objects or a shrine. Police authorities explained that these carvings—made of wood, iron, and cement—were exhibits recovered from hideouts linked to suspected IPOB/ESN operatives and kidnapping gangs across Imo State. According to ACP Oladimeji, the criminals believed the objects held mystical powers, and the police retained them as evidence for ongoing investigations.

The visitors also interacted with several detainees, including individuals suspected of involvement in kidnapping and other violent crimes. Many of them openly admitted to the offences for which they were arrested and confirmed that they were being fed properly while awaiting their scheduled court processes.

Another item inspected was an ash-coloured Highlander Jeep with plate number LSD 413 JJ. The vehicle, stained with blood, belonged to a woman recently shot dead by masked gunmen at Umuekerekpu Ndegwu in Owerri West LGA. A surviving occupant of the vehicle narrated to reporters how their employer was fatally shot in the head, while both he and another passenger sustained gunshot injuries and were currently receiving medical treatment in Owerri.

At the end of the assessment, members of the visiting delegation unanimously stated that none of the frightening claims circulating online—ranging from organ harvesting to the existence of an abattoir—were visible or supported by what they witnessed.

DSP Okoye emphasized that Tiger Base is a legitimate tactical formation of the Nigeria Police Force tasked with confronting kidnapping, armed robbery, cultism, terror-related activities, and other serious crimes. He disclosed that the facility is fitted with CCTV cameras linked directly to the office of the Commissioner of Police, enabling round-the-clock monitoring for accountability.

He reiterated that the allegations trending on social media were malicious distortions aimed at misleading the public. The human skulls displayed earlier in 2025, he clarified, were exhibits recovered from criminal hideouts—not evidence of ritual practices, as some had falsely claimed.

ACP Oladimeji further noted that the unit handles only high-profile criminal cases and operates newly commissioned charge rooms and tactical units dedicated to strengthening security across Imo State. The team also observed dozens of seized motorcycles, which the police said were confiscated in compliance with the Imo State Government’s ban on motorcycle operations within the Owerri metropolis under the Shared Prosperity Administration.

The inspection team applauded the Police Command for permitting unrestricted access to Tiger Base and underscored the importance of ongoing cooperation between security institutions, the media, and civic groups to maintain public trust and enhance safety across the state.

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TENSION IN ABIA COMMUNITY AS POLICE PROBE MURDER OF MISSING 25-YEAR OLD YOUTH WHO’S BODY WAS FOUND HEADLESS, SIX ARRESTED.

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By Prince Uwalaka Chimaroke
7- DEC- 2025

A cloud of sorrow and outrage has settled over Amangwo Umuigu in Oboro, Ikwuano Local Government Area of Abia State, after the decomposing, headless remains of 25-year-old Solomon Ikoku were discovered weeks after his disappearance. Ikoku, who went missing on September 27, 2025, was reportedly abducted during the community’s New Yam Festival in a violent early-morning raid.

Residents recounted that armed men—believed to be members of a controversial vigilante outfit—stormed the family home at about 5 a.m., assaulting the young man before dragging him away. After weeks of unanswered questions and failed searches, community youths launched a coordinated hunt on October 27, which led to the tragic discovery of Solomon’s remains in a shallow waterway on the outskirts of the village. His leg and other body parts were later found scattered in nearby bushes, deepening the community’s grief.

Members of the search team described the scene as horrifying. One volunteer, who spoke anonymously, said the discovery of Ikoku’s bones and the clothes he wore on the morning of his disappearance left them heartbroken.

The incident has triggered widespread anger, with many residents pointing accusations at the village’s disbanded vigilante group, allegedly loyal to the community’s traditional ruler, Eze Larry Agwu. Critics claim the group operated with impunity and may have been responsible for the abduction and brutal killing.

However, Eze Agwu has firmly rejected the allegations, calling them politically motivated falsehoods linked to an ongoing kingship dispute within the community. According to him, the vigilante group acted independently and had been inaugurated years earlier by village authorities and security agencies. He insisted he neither ordered nor endorsed any attack on the late Ikoku.

The monarch further explained that he was informed by the group that the victim’s sister had allegedly sought their help after the young man threatened their mother—an account strongly disputed by Ikoku’s family. The deceased’s brother, Victor, accused the vigilantes of premeditated violence, alleging that his brother’s body was burnt and mutilated, and insisting that no family member invited the group on the night of the incident.

Adding to the controversy, the community chairman, Munachi Onwuchekwa, accused the king of enabling the vigilante group even after the wider community had dissolved it four years earlier due to misconduct. He stated that the group continued to operate under the monarch’s patronage, despite repeated complaints.

As tensions rise, the Abia State Police Command has confirmed the arrest of six suspects linked to the vigilante group, while others remain at large. Among those implicated are Alozie Eluwa, Stanley Okutuo, Godwin Kanu, Maduabuchi Enyinnaya, Godwin Sampson, Emeka Nwagboso, Ikechi Hope, and several others still being sought by authorities.

Police spokesperson Maureen Chinaka called for calm and urged residents to allow the investigative process to proceed without interference. She emphasized that a meticulous probe was necessary given the gravity of the crime, assuring the community that justice would be pursued diligently.

The investigation continues as the community grapples with shock, fear, and calls for accountability following the gruesome killing.

 

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Military seizes power in Benin Rep after successful coup (Video)

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The military has seized power from the civilian government in Benin Republic after a successful coup on Sunday.

According to reports, Lieutenant-Colonel Tigri Pascal and a group of soldiers announced a coup d’état in Bénin Republic, claiming to have overthrown incumbent President Patrice Talon.

Pascal declared a coup live on national television following reports of an attack on a presidential building.

The army officer thereafter made an announcement, saying that political parties have been suspended and all land, air, and sea borders closed.

“Lieutenant Colonel Pascal Tigri has reportedly attacked the residence of President Talon in Benin, deposing him as leader with images showing him on television,” the report read.

“The military said that they were “dismissing” President Talon from his post with Tigri declaring himself president of a military committee for the country’s restructuring. Images showed him speaking from a television studio where he is reading from a script while other soldiers stand alongside him.

“The army has said that the constitution of November 2025 is suspended and all institutions are dissolved. It has also been declared that activities of political parties are suspended until further notice while the land, maritime, and air borders of Benin are closed.”

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