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Pirated Software: Huge Financial & Legal Risk for West African Businesses- Nmonwu

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West African business builders are beginning to embrace the benefits of legally licensed business management software, understanding how these solutions power their operations to greater efficiency. 

Though many understand how pirated software could hurt their bottom line in the long run, the rate of software piracy in the region nonetheless remains high by world standards.
 
That’s according to Magnus Nmonwu, regional director for Sage in West Africa, who defines software piracy as the unauthorised duplication, distribution or use of business management software.
 
This is an illegal practice that is subject to civil and criminal penalties and it occurs in the following forms, amongst others: “E‎nd-user copying: When one person buys a legally licensed piece of software and then allows more friends, business colleagues and family to copy the application than he or she has licenses for;
“Illegal downloading: When someone downloads an illegal copy of the software from the Internet or unapproved sources.

” Volume software license copying: When businesses underreport the number of computers on which the software is installed so that they can pay for fewer copies than they are actually using; Reseller copying: When resellers pass software onto their clients for free rather than selling a license.

“Duplicating solution: When resellers purchase a single licence or disc and then deploy it to several customers without giving the customers then necessary license codes and Counterfeiting: Criminals copy the software and collateral, such as manuals, and sell it as the original product.
 
‎Software piracy undermines economic development and also potentially costs companies more in legal penalties and reputational damages than they would need to pay for legally licenced solutions. 

Barrister Adebayo Shittu, Nigerian Minister of Communications, has been quoted saying thatNigeria loses about $287 million to software piracy each year, and this has to stop.
 
Software Piracy is Bad for Business
According to Nmonwu, software piracy is far from the victimless crime many businesses imagine it to be. Piracy robs computer resellers and software vendors of their hard-earned revenues.

This, in turn, undermines the ICT industry’s ability to create jobs, invest in product research and development, and pay taxes, said Nmonwu.
 
Local resellers suffer because they don’t get the revenues they need to invest in their businesses. The only party that benefits from software piracy is the criminal profiting off someone else’s work and intellectual property.

In some cases, pirates have ties to other organised crime activities, so software piracy can sponsor even worse crimes such as drug and human trafficking.
 
What’s more, said Nmonwu, there is a very good chance that the pirated software you buy from an unethical retailer or downloaded via the Internet will contain some spyware or malware.

These unwanted extras are harmful to your computers and open you up to data breaches or data theft. Indeed, in some cases the motivation for giving or selling you pirated software is to plant a virus or key-logging software on your computer to steal your information.
 
Another drawback of pirated software is that you will not have access to the vendor’s technical support or the latest patches and updates, including those that cater for regulatory and legislative changes in in the countries where you operate.

This will mean that you will not be able to use the full set of functionality in your product or keep it updated with the latest security features and fixes.
 
Using pirated software also denies the product owners access to feedback from end-users, which they use for research and development aimed at making the software better for everyone.
 
Responsible organisations must mitigate both financial and legal risk by ensuring that they have the correct license keys and codes for the business management solutions that power their operations. 

This can be done by contacting the software vendor to ascertain whether the software is genuine; if it’s not, the vendor will help you to become legit.
 
“In a time of seismic technological change and digital invention, our smart people use the smartest technology to reinvent and simplify business accounting. We enable our customers to focus on their business and help them to leapfrog to the future,” said Nmonwu. “It is only through the support of our customers that we are able to keep investing in innovation that helps entrepreneurs and business builders to stay focused on growing their businesses.”‎


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E-Business

Study Reveals Software Programmers to make Full Use of AI Code Assistants

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Gartner predicts that by 2028, 75 percent of enterprise software engineers will use Artificial Intelligence (AI) code assistants, up from less than 10 percent, currently.

According to a Gartner poll of 598 global respondents conducted in the third quarter of 2023, 63 percent of organisations are now testing, deploying, or have previously implemented AI code assistants.

AI code assistants provide for more capabilities than only code development and completion, notes the research firm.

According to Gartner, the use of AI code assistants can lead to higher work satisfaction and retention, resulting in lower turnover costs.

Philip Walsh, senior principal analyst at Gartner, comments: “Software engineering leaders must determine ROI and build a business case as they scale their rollouts of AI code assistants.

“However, traditional ROI frameworks steer engineering leaders toward metrics centred on cost reduction. This narrow perspective fails to capture the full value of AI code assistants.”

Gartner notes that software engineering leaders must “reframe the ROI conversation from cost reduction to value generations”.

Walsh adds: “Calculating time savings on code generation is a good place to begin building a more robust value story. To convey the full enterprise value story for AI code assistants, software engineering leaders should connect value enablers to impacts, and then analyse the overall return to the organisation.”

 


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New National ID Card to Be Issued Via Banks- NIMC

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National Identity Management Commission (NIMC) has said that the planned national ID card will be issued to applicants by their banks.

New National ID Card to Be Issued Via Banks- NIMC

NIMC said it is working with the Nigerian Interbank Settlement System (NIBSS) to deliver the cards to applicants.

“The card will be issued through the applicants’ respective banks in line with existing protocols with the issuance of the Debit/Credit cards,” the agency said at the weekend update on its official X handle.

KEY FACTS ABOUT THE PROPOSED NEW GENERAL MULTIPURPOSE NATIONAL IDENTITY CARD

  1. The new National ID Card is a single, convenient, and General multipurpose card (GMPC) , eliminating the need for multiple cards—not three.
  2. The single GMPC has multiple use cases:…

— NIMC (@nimc_ng) April 12, 2024

It said applicants need to request their cards with their NIN “through the self-service online portal, NIMC offices, or their respective banks”.

“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS,” NIMC said.

“The card can be picked up by holders at the designated center or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” the update read.


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NIMC Makes Clarifications on AfriGo, New National Domestic Card Scheme

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National Identity Management Commission (NIMC) has said that the new national Identity card, powered by AfriGo Card, is a single card with multiple services.

NIMC Makes Clarifications on AfriGo, New National Domestic Card Scheme

NIMC made the clarification against the confusion and criticisms that have trailed the AfriGo Card , touted as a National Domestic Card Scheme.

NIMC is launching the AfriGo Card, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), and has had appointed SecureID, a Lagos headquartered company to manufacture the Card Scheme

Making clarification on the card, Kayode Adegoke, head of Corporate Communications of the NIMC, said the General multipurpose card (GMPC) will eliminate the need for multiple cards.

“The new National ID Card is a single, convenient, and General multi-purpose card (GMPC), eliminating the need for multiple cards—not three.

“The single GMPC has multiple use cases: Payments/Financial, Government intervention/services, travel, etc.

“The National Identity Management Commission is working with the Central Bank of Nigeria and the Nigerian Interbank Settlement System to deliver the payment and financial use cases.

“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS. Applicants for the card will have to request with their NIN through the self-service online portal, NIMC offices, or their respective banks.

“The card will be issued through the applicants’ respective banks, in line with existing protocols with the issuance of the Debit/Credit cards.

“The card can be picked up by holders at the designated centre or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” he said.

 

 

 

 

 

 

 


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