News
NCS Bemoans Unproductive Consumption, Digital Exclusion
In reflections on 2014 and aspirations for 2015, the Nigeria Computer Society (NCS), has decried the persisting climate of unproductive consumption and digital exclusion in the Nigerian society.
According to NCS, although the IT Industry and Profession, in 2014, witnessed increased presence of IT in various sectors of the economy and society, however, a significant challenge is the persisting climate of unproductive consumption and digital exclusion in rural/urban, gender, among other trajectories.
In this light, Nigeria Computer Society (NCS), the nation’s foremost network of IT practitioners and stakeholders, said that it will be organizing its 12th international conference in July, 2015 based on the theme “Information Technology for Inclusive Development”.
Speaking on ssing IT to address Nigeria’s developmental challenges and strengthening the local IT sector, Professor David Adewumi, president of NCS, said these are strategic initiatives for global competitiveness.
He declared that 2015 is the year of Innovative and Inclusive Development, “in line with NCS’s advocacy role of ensuring that the nation receives the very best in processes, technologies and people”.
The telecommunications industry, he continued, still witnessed tremendous growth, while attracting investment in 2014. “However, while teledensity has improved significantly, quality of service, affordability, broadband penetration and last mile connectivity to the consumer are barriers that need to be addressed in 2015. The National Broadband Plan, if faithfully implemented, appears promising. The Nigerian Communications Commission (NCC) in particular has a major role to play and needs to speed up process of licensing of Infrastructure Companies (InfraCos) that will rollout broadband infrastructure nationwide. Also there must be bite in the Smart States initiative”.
To address some of the challenges, he said that a solid foundation in education is required to lead the IT revolution.
Adewumi said, “Just as in previous years, quite a few private, social and governmental initiatives in capacity building for IT were undertaken in 2014 to close the IT skills gap.
“However, human capital in IT is still massively below requirements, especially in research. Though there is improved access in education, there is an urgent need to ensure the entire education system embraces the 21st century knowledge culture that promotes and supports innovation.
NCS also gave Analyses on issues bugging the sector in Nigeria:
Online Sphere:
“The online sphere is home to considerable progress – online stores, business and social networks. Most outstanding in terms of investments attracted, jobs created and societal changes have been the e-payment/e-commerce landscape. In 2015, the space should be widened for existing players and new entrants. In addition, support issues as well as growth in mobile money uptake need to addressed.
Policies:
Policy and advocacy has been an area of growth through the efforts of professional and industry groups such as NCS, ATCON, ISPON, etc. NCS has been extremely fortunate to have members and partners who understand that advocacy efforts require resources.
They supported the IT Research workshops, Scholarship awards, the NCS 2014 conference and the 2014 National IT Merit Award (NITMA) and advocacy organization. In 2015 their continued support will further advance IT development in Nigeria.
The National Information Technology Development Agency (NITDA) and the Federal Ministry of Communication Technology (FMCT) has been coordinating national IT activities, and needs to keep providing visionary leadership in 2015. Multistakeholder policy review and development are essential to ensure policies are relevant and effective. FMCT and NITDA should also as a matter of urgency work with stakeholders to fast track the enactment of draft bills that will accelerate IT development in Nigeria.
Cyberthreats
Greater availability of computing and internet facilities (laptops, PCs, mobile and wireless devices) drives up cyber threats and increased the need for information security. Indeed because of the impact of cyberspace on the nation’s social and economic life, national security now encompasses the digital environment.
It is imperative that stakeholders such as NITDA, the Information Technology Systems and Security Professionals (ITSSP) group of NCS, security agencies and other Infosecurity entities work together to put information security strategies, policies, legislation and culture in place.
Improved overall cybersecurity awareness and capacity should be a national strategic goal in 2015. Better application of IT to fight terrorism and other national security threats, as well as the resolution of the National database issue should also be priority targets in 2015.
Recognition Of IT Professionals
Though quite a number of government agencies are now IT driven, it is disturbing to note that IT professionals are not actively involved at the board level in top level decision making and policy formulation/evaluation for most of such organizations.
The absence of IT professionals on the boards of MDAs questions the nation’s desire to be part of the 21st century. It is pertinent to note that the IT industry and profession was not represented at the 2014 National conference.
Even with improved access to IT and the Internet, activity in the IT space is largely foreign driven and dominated. The prevailing funding and patronage scenario puts the local industry at an extreme disadvantage. The birth of the IT innovation fund is a good start requiring sustainability.
Addressing local content development and IT research and development is a strategic imperative for 2015.
There has been appreciation of knowledge, merit and IT enabled innovation through the national honours platform for IT achievers –the annual National Information Technology Merit Awards (NITMA) and the NITDA e-governance awards held during the 2014 e-Nigeria conference. However, it is quite amazing that despite the manner in which IT is radically reshaping Nigerian society, the yearly composition of the National honours list does not recognize or appreciate the impact IT is making in the country.
Software Development
Software development, entrepreneurship and research initiatives addressing issues of funding and patronage should be encouraged and promoted. FMCT and NITDA must be commended for initiating some remarkable projects with such a focus.
Scaling up of promising interventions require strategic partnerships for faster, sustainable results. Nigerian content development in ICT, youth empowerment, digital gender mainstreaming and research are all top agenda items.
Critical to Nigeria’s digital future is support of innovative ideas in IT and harnessing the potential of Nigeria’s youth. However, in order to better serve the purpose and yield the benefit for which they were established, it is absolutely essential that FMCT, NITDA and NCC do more to support stakeholder driven initiatives in an inclusive manner.
A much needed, in fact overdue, area of critical focus for these government bodies is to work with stakeholders such as NCS to establish IT parks that will facilitate the achievement of identified priorities.
Mobile Technology
Mobile technology should be embraced at all levels to leverage on Nigeria’s improving teledensity for strong growth, financial and digital inclusion and to address Nigeria’s developmental issues.
The mainstreaming of mobile into development will reflect through the development of feasible and sustainable mobile initiatives relating to mobile money, mEducation, mHealth, mAgriculture, etc.
INEC And 2015 Elections
The Independent National Election Commission (INEC) employed information technologies to conduct to conduct governorship elections last year.
INEC is expected to continue in this vein in the conduct of national elections in 2015. It is imperative that the electoral body works more closely with stakeholders such as NCS to enhance IT adoption in election management and processes in Nigeria.
It is about building a prosperous, modern and democratic nation that meets the aspirations of the Nigerian people.
IT For National Development
IT development is a national matter and priority that has immense impact on the future of Nigeria.
The vision, leadership and commitment of key actors in the social, political and economic spheres are desired.
Though there are exceptions, the political class as a whole still appears to underestimate the potential of the IT sector. In view of upcoming elections in 2015, it is absolutely essential that Nigerians support and encourage credible politicians at all levels (local, state and national) that have an appreciation of the glaring need to incorporate and prioritize the role of the ICT sector in all sectors.
Those who must lead at this time must be those who are committed to ensuring the game changing nature and ability of IT is used to drive development.
Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), has warned against cash transportation above $10,000 or its equivalent without declaration to the appropriate government agencies.
Ola Olukoyede, chairman, EFCC
Olukoyede gave this charge in Kano at the weekend at a joint sensitisation program organised by the Nigeria Customs Service (NCS), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the EFCC to educate Nigerians on legal protocols for cash movement across Nigeria’s borders.
He cautioned Bureau De Change (BDC) operators and other business stakeholders across the country against illegal cash smuggling, urging individuals transporting cash exceeding $10,000 (or its equivalent) to declare it to the NCS, as failure to do so constitutes a criminal offence.
According to the anti-graft czar, despite existing laws, many travellers, whether businessmen, pilgrims, or tourists, still engage in illegal cash movements out of ignorance or deliberate attempts to evade financial regulations.
Under the theme, “Illegal Cash Movement Through Nigerian Airports: Consequences, Legal Frameworks, and EFCC’s Enforcement Role,” Olukoyede, who spoke through CE Ibrahim Shazali, Kano Zonal Director of the EFCC, underscored the severe repercussions of non-compliance with Nigeria’s financial regulations.
“Today, we will clarify the legal requirements, reporting obligations, and consequences of non-compliance”.
“The consequences of illegal cash trafficking are grave—ranging from imprisonment and hefty fines to forfeiture of assets.
“The EFCC, in collaboration with sister agencies, remains resolute in prosecuting offenders and safeguarding the integrity of Nigeria’s financial system,” he said.
“Section 3(3) of the Money Laundering (Prevention and Prohibition) Act declares cash transportation above $10,000 (or equivalent) without declaration illegal and Section 18 of the same Act mandates BDCs to report suspicious transactions to the NFIU (Nigeria Financial Intelligence Unit).
He emphasised that illicit cash movement undermines economic stability and fuels crimes such as money laundering, terrorism financing and corruption.
Olukoyede also outlined the legal frameworks governing cash movements, including the EFCC Act (2004), the Money Laundering (Prevention and Prohibition Act) 2022 and Central Bank of Nigeria guidelines.
“Nigeria, as a signatory to international anti-money laundering conventions, has established strict laws to regulate the movement of cash in and out of the country.
“The Central Bank of Nigeria (CBN) Act, Money Laundering (Prevention and Prohibition) Act 2022, and the EFCC Establishment Act provide clear guidelines on cash declarations and penalties for violations.”
The sensitisation program highlighted the inter-agency commitment to enforcing compliance.
Representatives from the NCS and ICPC reinforced the importance of adhering to anti-corruption laws and cross-border financial regulations.
Stakeholders, including BDC operators, were urged to uphold ethical practices and report suspicious activities.
The EFCC’s boss called for stakeholders’ support and collective vigilance against illicit financial flows in Nigeria.
“We urge all stakeholders to prioritise national interest over personal gain. Compliance is not optional; it is a legal and patriotic obligation. Together, we can curb illicit financial flows and promote economic security”, he said.
Against the backdrop of Lagos State’s proactive efforts to reform its electricity sector, the Consumer Advocacy and Empowerment Foundation (CADEF) has launched its ‘Renew Energy Nigeria’ platform, a nationwide initiative with potential synergies for the state’s ambitious energy goals.
Professor Chiso Ndukwe-Okafor, CADEF’s Executive Director, introduced the platform in Lagos, highlighting its aim to empower Nigerians with information and access to decentralized renewable energy (DER) solutions. “The launch of this platform marks a significant step towards democratizing access to information and resources within Nigeria’s burgeoning sustainable energy sector.”
The platform’s launch comes as Lagos State, under the Lagos State Electricity Law, is actively establishing a regulatory framework and attracting private sector investment. Kamaldeen Abiodun-Balogun, General Manager of the LSEB, detailed the state’s progress in creating a functional electricity market, ensuring payment security, and addressing infrastructure challenges. “This law enabled us to create policy documents and establish regulatory agencies to initiate the implementation of the Lagos electricity market,” he explained, adding that private sector involvement will be key in areas where existing Discos face performance issues.
Segun Adaju, a private sector player deeply engaged in the energy sector, lauded Lagos State’s leadership. “In all these, Lagos State is always setting the pace. Many of us in the private sector players like myself, we are also looking up to Lagos State to set the pace,” he said, also mentioning his work on the Centralized Renewable Energy Desk for the state government.
While acknowledging national-level challenges such as import restrictions and forex fluctuations as noted by Professor Ndukwe-Okafor: “The recent federal plan on restrictions on the importation of solar products and the fluctuation of forex rate have made clean energy solutions costly”, the focus on Lagos State’s progress suggests a promising local environment for DER adoption, potentially amplified by CADEF’s new platform.
The broader socio-economic context, as highlighted by Olumide Ajayi, “Over 40% of Nigerians do not have access to reliable electricity”, underscored the importance of initiatives like ‘Renew Energy Nigeria’ and the enabling policies being implemented in states like Lagos.
Professor Ndukwe-Okafor concluded with a powerful call to action. “This platform is not an isolated intervention. It is aligned with our ideal country’s national vision, the 30-30-30 initiative. Let us not build a solar future that only serves the wealthy. Let us democratize clean energy. Let us make it local, inclusive, and scalable.”
The launch of “Renew Energy Nigeria” marks a significant step towards a more sustainable and equitable energy future for Nigeria, driven by innovation, collaboration, and a commitment to empowering its citizens. The platform is now live and accessible to all Nigerians seeking reliable and clean energy alternatives
A federal high court in Abuja has granted permission to the Economic and Financial Crimes Commission (EFCC) to arrest and detain six Crypto Bridge Exchange (CBEX) promoters over allegations of investment fraud to the tune of over one billion dollars.
Emeka Nwite, presiding judge, gave the order following an ex parte application moved by Fadila Yusuf, counsel to the EFCC.
In the application by the EFCC, the six suspects are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo and Chukwuebuka Ehirim.
The commission sought an order of the court for a warrant of arrest of the defendants.
They also prayed the court for “an order remanding the defendants in the custody of the complainant/applicant pending the conclusion of investigation of the alleged offences and possible prosecution”.
Yusuf said that the defendants are at large and a warrant of arrest is required to arrest the defendants for proper investigation and prosecution of this case.
In the affidavit in support of the motion, the EFCC said preliminary investigation into the intel revealed that the defendants “using their company ST Technologies International Limited, promoted another company Crypto Bridge Exchange (CBEX) by making adverts and lured unsuspecting members of the public to invest crypto cryptocurrencies on the CBEX investment platform”.
The EFCC said the defendants promised an unrealistic return on investment of up to 100 percent.
“The victims were made to convert their digital assets into a stablecoin of USDT for onward deposit into the suspects’ crypto wallet,” Yusuf said.
“The victims were initially given full access to the platform to monitor their investment.
“Following the deposits valued at over $1 billion by the victims, the CBEX investment platform became inaccessible to them, and they could no longer withdraw from the investment made.
“The victims later discovered that the said scheme is a scam.
“During the course of investigation, it was discovered that the said ST Technologies International Limited, though registered with the Corporate Affairs Commission (CAC), it was not registered with the Securities and Exchange Commission (SEC) for investment purposes.
“It was also discovered during the investigation that the defendants had moved out of their last known address in Lagos and Ogun states.”
The anti-graft agency said obtaining a warrant of arrest was necessary in order to place the defendants on a watch list, enabling authorities to trace and apprehend the suspects to face the charges brought against them.
Nwite granted the request for a warrant of arrest and remand, adding that the order was necessary to enable the commission to apprehend the defendants and conclude its investigation.
“I have listened to the submission of the learned counsel for the applicant,” Nwite said.
“I have also gone through the affidavit evidence with exhibits thereto, along with the written address.
“I am of the view and I so hold that the application is meritorious.
“Consequently, the application is granted as prayed.”
Earlier in April, reports emerged that CBEX users could no longer withdraw their funds.
On Monday, angry investors stormed and looted the office of Smart Treasure (ST Team), an affiliate of CBEX, in Ibadan, Oyo State.
The EFCC recently confirmed receiving multiple complaints about the platform.
Dele Oyewale, the commission spokesperson, assured affected investors that efforts were underway to recover their funds.
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