NEWS

FG Hands Over Apapa-Oworonshoki Expressway to Dangote for Repair

Published

7 years ago

September 18, 2017

The federal government has handed over the Apapa to Oworonshoki end of the Lagos–Ibadan Expressway, a 35 kilometres long highway to the Dangote Group to rebuild using concrete, and as well getting a recompense in the form of 10-year tax holiday, the Minister of Power, Works, and Housing, Mr. Babatunde Fashola, has disclosed.

Speaking at the Businessday Road Construction Seminar in Lagos, Fashola, explained that the contract for the road network comprising Creek Road, Liverpool Road, Marine Beach all the way to Mile 2, Oshodi, Oworonshoki, to the Lagos end of the Toll Gate on the Ibadan Expressway was signed with the Dangote Group on September 12, 2017.

Fashola, said to encourage the Dangote Group to embark on the project which the government is still waiting for its designs, the government has approved an upward review of a tax incentive to the group to 10 years.

“I am pleased to inform you that, we have just concluded an agreement using the tax incentive order to hand over the Apapa area comprising Creek Road, Liverpool Road, Marine Beach to Mile 2, Oshodi, Oworonshoki to the Lagos end of the Toll Gate on the Ibadan Expressway to Dangote Group for construction using concrete on Tuesday, 12th September 2017,” said Fashola.

He further stated: “We have also just concluded and signed an agreement with NLNG to construct the Bodo – Bonny Bridge at the cost of N120.6 Billion with NLNG and Federal Government sharing the cost 50-50. The contracts were signed on Wednesday, 13th September 2017.

Minister of Power, Works, and Housing, Mr. Babatunde Fashola

“This government has thought it fit to review the five-year limit on that tax order to a ten-year period to sustain private investment in road infrastructure, because it is a long-term asset,” he added.

Continuing, he stated: “As for the agreement with Dangote, we are now awaiting the design of the 35km stretch excluding the portion that has been completed, about 7km, by the previous administration around Mile 2 area. From the design, we will determine the cost and the scope of works which we hope can be executed quickly. As this government promised, we will solve the Apapa and Port congestion problem.”

Fashola equally noted that the government would restore toll plazas on Nigerian roads it is currently reconstructing. He noted that the fares for the toll gates could be paid using cards to minimise instances of cash payments.

“We have also concluded traffic surveys on 51 major highways and now have current traffic data on these roads and we can project vehicular traffic movement for tolling and concession purposes.

“We have concluded preliminary designs for the plazas, and we are now looking at how to incorporate technology such as using contact cards, installing fibre optic, using GSM to enable people pay with minimum use of cash,” he explained.

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NEWS

Nigeria Ranks 5th In Global Cybercrime Index

Published

3 days ago

April 20, 2024

Adaeze Okechi

Cybercrime Hotspots: Nigeria Ranks 5th | Fab.ng

Researchers from two universities—Oxford and UNSW Canberra—decided to find out where cybercrime hotspots are. To do this, they asked about 100 cybercrime experts around the world for their opinions.

The experts were asked to consider five main types of cybercrime:

Creating tools used for cybercrime, like malware.
Launching cyberattacks and demanding money to stop them.
Stealing data or identities through hacking or phishing scams.
Tricking people out of money online through scams like fake emails or online auctions.
Making money from stolen information, like laundering money or using stolen credit cards.

Based on the experts’ input, the researchers will create a list of countries considered to be the biggest sources of cybercrime.

Top 5 countries listed as global cybercrime hotspots

The study ranked countries based on how much cybercrime comes from them. This ranking is called the World Cybercrime Index, or WCI for short.

The study found that Russia is seen as the number one source of cybercrime in the world, followed by Ukraine, China, the United States, and Nigeria.

1. Russia

The study ranked Russia as the number one source of cybercrime in the world. Russia had the highest score (58.39) on the World Cybercrime Index (WCI), and researchers traced 81.34 cyberattacks back to Russia. The survey also showed that Russian cybercriminals are highly skilled (scoring 8.73 out of 10 on technical skills) and very professional, causing significant harm with their crimes.

2. Ukraine

Following Russia, the study ranked Ukraine as the second-largest source of cybercrime. Ukraine’s overall cybercrime score on the World Cybercrime Index (WCI) was 36.44. Researchers also linked 50.76 cyberattacks to Ukraine. Just like Russia, Ukrainian cybercriminals were rated as very skilled with a technical skill score of 8.24 on a scale of 1 to 10.

3. China

China was ranked third in the study as a source of cybercrime. Their overall score on the World Cybercrime Index (WCI) was 27.86. Researchers linked 24.24 cyberattacks to China. Chinese hackers were rated as skilled with a technical skill score of 7.81 on a scale of 1 to 10.

4. United States

The United States came in fourth place on the list of cybercrime hotspots. The World Cybercrime Index (WCI) score for the US was 25.01. Researchers connected 17.68 cyberattacks to the US. American hackers were rated as skilled with a technical skill score of 7.21 on a scale of 1 to 10.

5. Nigeria

While the study found Russia to be the overall leader in cybercrime, Nigeria was singled out for a different reason – scams. Here’s a breakdown:

Overall cybercrime: Nigeria ranked fifth on the World Cybercrime Index (WCI) with a score of 21.28. Researchers linked 8.41 cyberattacks to Nigeria, and Nigerian hackers were rated as somewhat skilled with a technical ability score of 5.80 on a scale of 1 to 10.
Scams: Interestingly, Nigeria topped the list for scam-related cybercrime. The country received a much higher WCI score of 52.17 for scams, with a whopping 70 nominations for this type of cybercrime. The closest competitor, the US, only had 27 nominations and a WCI score of 22.72 for scams. This shows that while Nigerian cybercriminals may be less technically skilled overall, they are much more active in scams compared to other countries on the list.

For more articles, check here.

ENTERTAINMENT

Guinness World Record: Tunde Onakoya Is Yet To Be Defeated After 44 Hours Of Chess Marathon

Published

4 days ago

April 19, 2024

Reporter

Tunde Onakoya To Break 58 Hours Of Chess Marathon | fab.ng

Nigerian chess champion Tunde Onakoya is trying to break the world record for the longest chess marathon! The record he is set to break is 58 hours.

Tunde Onakoya has already been playing in the chess marathon for approximately 44 hours straight. This is at the time of this writing. Starting on April 17th and going until April 19th, the event is happening in the famous Times Square in New York City.

View this post on Instagram

A post shared by Tunde Onakoya (@tunde_onakoya)

So far, Onakoya has beaten everyone he’s played, including a really good chess player from New York named Shawn Martinez.

Tunde Onakoya beats a very worthy opponent and one of New York’s finest, National Chess Master Shawn Martinez!

6 hours down, 52 hours to go!#TundeChessMarathon pic.twitter.com/oXBjfakdBm

— Tunde Onakoya (@Tunde_OD) April 17, 2024

Onakoya’s manager, Taiwo, says the official rules allow for 5-minute breaks every hour. But Onakoya only took a total of 30 minutes of rest after playing 12 people in a row for 15 hours! That’s intense! He said he’s playing two sets of games at the same time, and he can’t lose any of them to win the record.

He wrote,

“The opponent on the first set is Shawn Martinez, a US National Chess Master, and he will play with Tunde throughout the attempt.

“Opponents in the second set are random players. He can’t lose any game on either set.

“Only Tunde’s match against Shawn Martinez is considered valid for the record. He is not competing in his simultaneous play against random opponents in the second set. NYC, come out and play regardless.”

For more news updates, check here.

MUSIC

Davido’s ‘Unavailable’ Reaches 100 Million Views On YouTube

Published

6 days ago

April 17, 2024

Reporter

'Unavailable' Reaches 100 Million Views On YouTube | Fab.ng

There’s no stopping Davido’s “Unavailable”! The song continues to dominate the music scene, racking up impressive accolades and eye-catching streaming numbers. This solidifies its status as a global smash hit. This isn’t just a catchy tune; it’s a cultural phenomenon.

Streaming Domination

The song has surpassed a staggering 100 million streams on both YouTube and Spotify. This is a particularly impressive feat for Davido on Spotify, as “Unavailable” becomes his first single to achieve this milestone on the platform.

Music Video Success

The song’s vibrant music video, featuring South African artist Musa Keys, has also reached the coveted 100 million view mark on YouTube. This adds “Unavailable” to Davido’s exclusive club of songs with over 100 million streams, joining his 2017 hits “If,” “Fall,” and “FIA.”

Critical Acclaim and Industry Impact

The song’s impact extends far beyond streaming numbers. “Unavailable” was even crowned Rihanna’s favourite song of 2023, a huge co-sign from a musical powerhouse. Furthermore, the song dominated the Afrobeats scene, becoming the most streamed Afrobeats release of the year.

Continued Growth

Capitalizing on the song’s success, Davido released a remix EP featuring collaborations with established artists like Jamaican dancehall star Sean Paul and American rapper Latto.