E-Business
Pirated Software: Huge Financial & Legal Risk for West African Businesses- Nmonwu
![IP Theft.jpg](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2016/11/IP Theft_6.jpg)
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.”
E-Business
Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Eric-Schmidt.jpg)
Eric Schmidt, former Google CEO has expressed concerns about the extreme risks posed by artificial intelligence (AI) falling into the hands of terrorists or rogue states.
![Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Eric-Schmidt.jpg?resize=573%2C254&ssl=1)
Eric Schmidt, former Google CEO
He warned that nations such as North Korea, Iran, and Russia could adopt AI technologies to develop weapons capable of causing significant harm, including biological weapons.
Schmidt urged governments to oversee private tech companies, emphasising, “The real fears I have are not the ones most people discuss about AI, I talk about extreme risk.”
“I’m always worried about an ‘Osama Bin Laden’ scenario, where truly evil individuals take control of some aspect of modern life to harm innocent people,” he added.
With private companies driving AI advancements, he stressed the need for careful government monitoring and regulation. “It’s really important that governments understand what we’re doing and keep their eye on us,” he said.
His remarks followed a two-day AI summit in Paris, where the UK and the U.S. declined to sign a communiqué outlining the future direction of AI. The declaration on “inclusive and sustainable artificial intelligence for people and the planet” was endorsed by 57 countries, including India, China, the Vatican, the EU, and the African Union Commission.
The UK justified its decision, stating that the agreement lacked “practical clarity” on global AI governance and national security concerns.
Schmidt supports U.S. export controls restricting the sale of advanced AI microchips to certain countries, aiming to slow adversaries’ progress in AI research.
He also highlights the importance of international collaboration on AI safety, suggesting that cooperation with nations like China is essential to addressing global AI challenges.
E-Business
OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Open-AI.jpg)
Sam Altman, chief executive of ChatGPT-owner OpenAI, has firmly declared the company “not for sale” following a $97.4bn (£78.4bn) takeover bid from a consortium led by Elon Musk.
![OpenAI CEO Rejects $97.4Bn Takeover Bid from Elon Musk](https://i0.wp.com/www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2022/04/Elon-Musk.jpg?resize=563%2C229&ssl=1)
Elon Musk
Speaking at the AI Action Summit in Paris, Altman emphasised OpenAI’s mission to develop AGI (artificial general intelligence) for the benefit of humanity.
Marc Toberoff, attorney for Elon Musk, confirmed the bid submission on Monday.
In response, Altman humorously offered to buy Twitter for $9.74 billion on Musk’s platform.
Unlike many tech giants, OpenAI is not publicly traded but operates through a complex partnership between non-profit and for-profit entities.
Musk aims to return OpenAI to its non-profit roots, despite owning a rival firm, xAI.
Christie Pitts, a tech investor, expressed scepticism about Musk’s intentions, noting his competitive interests.
Altman echoed this sentiment, suggesting Musk’s move disregards OpenAI’s mission.
Altman, who holds no stock in OpenAI, advocates transforming the organisation into a fully for-profit company to raise more funds for AI research.
Although the board has the final say, the $97.4bn offer falls short of OpenAI’s previous $157bn valuation and rumoured $300bn in future funding talks.
Toberoff stated the consortium might increase their bid. Meanwhile, OpenAI is collaborating with Oracle, a Japanese investment firm, and an Emirati sovereign wealth fund on “The Stargate Project,” a $500 billion AI infrastructure initiative announced by President Donald Trump.
E-Business
Adobe Launches AI Video Tool to Compete with OpenAI
![](https://www.nigeriacommunicationsweek.com.ng/wp-content/uploads/2025/02/Adobe-logo.jpg)
Adobe yesterday released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios until later this year.
The Firefly Video Model, as Adobe is calling the service, will compete against Sora, a model developed by ChatGPT creator OpenAI, and startup Runway, both of which currently offer video-generation services. Facebook owner Meta Platforms has also developed a video-generation AI model but has not given a timeline for when it will be released.
Adobe’s model differs from its rivals because it is geared toward generating clips that will fit into how film and television studios use Premiere Pro, its flagship video editing software.
To that end, many of the features that Adobe is emphasizing revolve around feeding existing shots into the video model and asking it to generate clips that fix or expand on shots that were taken on a real production set but that did not come out quite right.
Adobe said the service will generate five-second clips at 1080p resolution. While that is shorter than the clips of up to 20 seconds generated by OpenAI’s service, Adobe executives said the majority of individual clips in most productions are only three seconds.
Adobe said a user can generate 20 clips per month for $9.99 and 70 clips for $29.99. That compares with 50 videos for $20 per month with OpenAI’s plan at lower resolution and a $200 OpenAI plan that can handle longer, higher resolution videos.
Adobe is also working on a “Premium” pricing plan for studios and other high-volume video users and will release those pricing details later this year. Alexandru Costin, Adobe’s vice president of generative AI, said the company is working to generate 4K video and will remain focused on quality rather than longer clips.
“We actually think that great motion, great structure, great definition scheme, making the actual clip look like it was film, is more important than making a longer clip that’s unusable,” Costin told Reuters.
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