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E-Business

CWG, EDC Thinker on SMEs Development‎

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(L-r): Phillip Obioha, chief operating officer, James Agada, chief technology officer, both from CWG Plc, Mrs. Nnena Ugwu, Alumni director, EDC, Austin Okere, chief executive officer, CWG Plc and Peter Bamkole, director, EDC during the visit of the EDC delegation to CWG Plc head office in Lagos recentl
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Computer Warehouse Group Plc (CWG) has concluded plans to collaborate with the Enterprise Development Centre (EDC) of the Pan Atlantic University to afford Small and Medium scale Enterprises (SMEs) access to business enabling solutions.

This follows a visit by a delegation of EDC led by Mr. Peter Bamkole, director, to the corporate headquarters of CWG in Lagos.

Bamkole said in a statement on CWG’s website, “We are considering integrating OPENSHOPEN and SMERP for now into our certificate   in entrepreneurial management training. With this, entrepreneurs can begin to experience the viability of technology as a solution for their business efficiency, right from the classroom.

He expressed his satisfaction with the capacity of the CWG 2.0 products to sufficiently provide the leverage SMEs require to improve their business output. According to him, “our aim at EDC is to de-risk the SME sector, so as to increase SMES access to funding.”

“Your solution will help entrepreneurs change their business model from costly asset acquisition to services utilisation on a subscription basis, thus making it easier and affordable”, he added.

The CWG 2.0 products feature a range of SMEs focused and Cloud based IT solutions.

They include SMERP, which is designed to address the challenge of accounting and inventory management, and financial record keeping; a requirement for accessing loans.

The Diamond Yello Account (DYA) allows individuals open a bank account using the mobile phones, without having to visit the bank.

POSapp is a Point Of Sale (POS) system that allows merchants receive payments, sell services and offers the unique functionality of keeping sales inventory.

While, Openshopen is an eCommerce platform that aims at giving business owners the exposure they need to sell beyond their vicinity and guarantee increased sales and expansion.

On his part, Mr. Austin Okere, founder and chief executive officer, CWG Plc, appraised the initiative by EDC to avail entrepreneurs with technology.

According to him, “The SMEs space boasts of a number of key players with quite distinct roles, in their bid to promote the growth of the sector. However, we believe that these players need to work together seamlessly. Such synergy will ensure that rather than experience arithmetic progression, we will together have quantum leaps of success. This underscores our willingness to collaborate with the EDC to provide the support that SMEs need to succeed. If each SME grows their business to the extent that they can add one additional employee, that will generate an additional 17m jobs, given the total number of SMEs in Nigeria. This is much more than any single large employer can provide”.

“The impact of the program on the success of the SME’s businesses is however, dependent upon the commitment of the entrepreneurs themselves. It is not that CWG and EDC are going to do something magical for them to grow. Rather, CWG and EDC are helping them to do something magical for themselves”, he concluded.

On his part, Mr. James Agada, CTO of CWG reiterated the commitment of the company to continue to develop a robust franchisee model with all institutions involved with SME development to expand the accessibility of her technology service platforms solution to the larger entrepreneurial segment and thereby championing inclusive growth and job creation.

The collaboration with EDC adds to the list of CWG’s strategic partnership with SMEs focused institutions, including the recently signed Memorandum of Understanding (MOU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) that aims at providing ICT technology platform for MSMEs on a subscription based model.‎

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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

E-Business

FG Partners UK to Combat Cross-border Cyber-crime

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The federal government and the United Kingdom signed an agreement Tuesday to combat the growing threat of cyber-crime. The Memorandum of Understanding was signed following a courtesy visit by David George Hanson, minister of the home office, UK, to the Nigeria Police Force headquarters, Louis Edet House in Abuja.

Transnational crime is a big problem for both the UK and Nigeria, so the governments intend to strengthen existing collaboration efforts to crack down on cyber-criminals and protect their industries from unlawful activities.

Offences such as online fraud, identity theft, digital extortion, and ransomware , operate across many jurisdictions, and frequently necessitate sophisticated cooperation efforts, according to the two governments during a press conference.

Furthermore, Lateef Fagbemi, Nigeria’s attorney-general and minister of justice, established the Joint Case Team on Cybercrime, which aims to address the need for a coordinated and robust approach to combating cybercrime, as stated in the Cybercrimes Act of 2015, which criminalises cyber-related offences.

Hanson underlined the importance of ongoing cooperation efforts to combat international crime in a number of areas, affecting vulnerable individuals.

He said: “We need to look again at how we can build cooperation between the Federal Government, the federal police, and our police forces and National Crime Agency to take action against these international criminals, who are exploiting vulnerable people in a whole range of areas. The National Crime Agency, the Home Office Fraud Department, and the High Commission need to make sure we make a big impact on this transnational crime.”

“The collaboration between the Nigerian Police Force and National Crime Agency continues to serve as a model in international law enforcement cooperation. We have successfully conducted joint operations into many cases of cybercrimes and online fraud. With your [UK government] cooperation, we have continued to bust other criminal networks around the world,” added inspector-general of Nigerian Police Force, Kayode Adeolu Egbetokun.

 


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E-Business

CAC to Prosecute Business Owners Operating Without Registration

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Corporate Affairs Commission (CAC) has reaffirmed its commitment to enforcing business registration laws in Nigeria, warning that individuals and organizations operating unregistered businesses will face prosecution.

In a statement, the CAC emphasized that conducting business without proper registration violates the Companies and Allied Matters Act (CAMA) 2020, undermining transparency and accountability in the corporate sector.

The commission stressed that registration is not only a legal requirement but also a gateway to formal business opportunities, including access to bank loans, government grants, and partnerships.

The enforcement drive will be nationwide, targeting small and medium-sized enterprises (SMEs), online vendors, and informal traders who have failed to comply despite previous awareness campaigns and registration amnesty windows.

The CAC disclosed that enforcement teams, in collaboration with security agencies, will be deployed to identify and prosecute defaulters.

The commission urged business owners to take advantage of its simplified registration platform to regularize their status, noting that compliance will boost investor confidence and improve Nigeria’s ease of doing business. It warned that ignorance of the law will not be accepted as an excuse.

Business owners are advised to act promptly to avoid legal consequences, as the CAC moves to ensure a more structured and regulated business environment in Nigeria.


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E-Business

NCC Vows to Tackle Online Infringement, Block Illegal Music Websites

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Nigerian Copyright Commission (NCC) has pledged to enforce its legal obligations to combat online intellectual property infringement and urged commercial music users to obtain proper licences from rights holders or their representatives.

NCC Vows to Tackle Online Infringement, Block Illegal Music Websites

The Commission stated that this ensures creators are fairly compensated, supporting the music industry’s sustainable growth.

In a statement commemorating the 2025 World Intellectual Property Day, themed “IP and Music: Feel the Best of IP,” the NCC announced plans to enforce the Copyright Act 2022, which allows for the takedown of infringing materials and blocking of websites hosting illegal content.

Signed by Mrs Ijeoma Egbunike, director of Public Affairs, the statement outlined an aggressive anti-piracy campaign in collaboration with the private sector, targeting the online environment.

Egbunike affirmed the NCC’s commitment to establishing enforceable standards for transparency, digital audits, and real-time royalty reporting to protect creators’ rights. She stated, “The NCC will continue to champion policies that support the growth of the music industry, improve the livelihoods of Nigerian musicians, and foster a culture of creativity and respect for intellectual property.”

Despite the global success of Afrobeats and other Nigerian genres, the NCC noted that many musicians face low royalty returns due to rampant digital piracy.

To address this, the Commission revised its Collective Management Regulations to enhance transparency and accountability among Collective Management Organisations (CMOs).

The NCC emphasised that proper licensing is a legal obligation and vital for Nigeria’s creative economy, stating, “Music must feel the beat of intellectual property for the full potential of creativity to be realised.”

The Commission highlighted that creators’ livelihoods depend on fair royalty compensation.

Recent enforcement measures include the NCC’s designation by the Attorney-General of the Federation as an authority under the Proceeds of Crime (Recovery and Management) Act 2022.

This, combined with the Copyright Act 2022, empowers the NCC to order takedowns and block illegal music distribution websites.


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