Connect with us

Technology

Lagos Unveils ANPR to Track Traffic Violators

Published

on

traffic
  • Lagos Unveils ANPR to Track Traffic Violators

Lagos State Government has rolled out an e-inspection technology application to tackle traffic and vehicle documentation violations. The new effort, which takes fines to violators’ doorstep, will eventually ensure that only healthy vehicles are on the roads, writes ADEYINKA ADERIBIGBE

Imagine a return of the banned Vehicle Inspection Officers (VIOs) to all roads in Lagos State. Also, imagine that your location is not only captured by Google map, but that you are actually being monitored by VIO right on the road. What will you have done rightly?

You can no longer hide, so long as you ply Lagos roads. This is because technology will fish you out if you commit a traffic offence.

Some Lagosians have had a bitter taste of this technology. Some of them, Tiamiyu Mohammed, a Uber operator and Moses Adeife, a car owner, are among the hundreds, who have been caught by this technology deployed three weeks ago after a long period of test-runing to restore sanity to Lagos roads. Interestingly, offenders are rushing to pay their fines.

Deploying technology to drive traffic compliance is no longer a dream in Lagos State. If you drive a vehicle that is not road worthy on Lagos roads, or you drive with expired driver’s or vehicle licence, or you do not have hackney or inspection/testing permit, or any other documentation that authorises you to ply the roads, the sanity of your vehicle, you may be the next victim.

Gone are the days, when VIOs chase vehicles round the streets. That era stopped last year vide an executive order when Governor Akinwunmi Ambode ordered them to get off the roads.

Their presence, as it were, has been replaced by the Automatic Number Plate Recognition (ANPR) and Closed Circuit Monitor (CCTV) devices to track vehicle administration offences and traffic violations.

The VIS has these two categories all over Lagos. They are the fixed monitors, which are installed on all major roads and highways in all the 57 Local Governments Areas (LGAs) and Local Council Development Areas (LCDAs) and the mobile units installed on all VIO vehicles moving round locations not captured by the fixed units.

The feat, according to the VIS Director, Hafiz Toriola, an engineer, is the culmination of a three-year research, which has taken officials of the agency round the world to understudy the technology in other developed societies where such had been in use for decades.

It was also the crystallisation of the e-inspection and e-billing, launched last year by the Ambode administration. It is meant to use street cameras to identify vehicles plying the roads without valid documents.

Automatic number plate recognition according to Wikipedia can be used to store the images captured by the cameras as well as the text from the license plate, with some configurable to store a photograph of the driver.

The systems commonly use infrared lighting to allow the camera to take the picture at any time of day or night, with the ANPR technology taking into account plate numbering variations from place to place.

ANPR was invented in 1976 at the Police Scientific Development Branch in the United Kingdom. Prototype systems were working by 1979, and contracts were awarded to produce industrial systems, first at EMI Electronics, and then at Computer Recognition Systems (CRS) in Wokingham, United Kingdom (UK). Early trial systems were deployed on the A1 road and at the Dartford Tunnel. The first arrest through detection of a stolen car was made in 1981.

However, ANPR did not become widely used until new developments in cheaper and easier to use software were pioneered during the 1990s. The collection of ANPR data for future use (i.e., in solving then-unidentified crimes) was documented in the early 2000s. The first documented case of ANPR being used to help solve a murder case occurred in November 2005, in Bradford, UK, where ANPR played a vital role in locating and subsequently convicting killers of Sharon Beshenivsky.

Critics have described the ANPR as a form of mass surveillance. Concerns about the system centered on privacy as citizens feared that government was tracking their movements. There are also cases of misidentification, high error rates, and increased government spending.

How Does It Work?

According to toriola, both the fixed and the mobile variant, work by capturing vehicles at random and the details of the vehicle would run automatically through the various databases such as the Federal Road Safety Corps (FRSC), Motor Vehicle Administration Agency (MVAA), Police and the Nigeria Insurance Association (NIA) and the Lagos State Transport Department, all of which are already configured into the operating system, and instantly, a result of the vehicle’s compliance of violations would emerge. Where all details; such as road worthiness, vehicle licence, and for commercial vehicles; hackney permit, the Lagos State Drivers Institute certification (LASDRI) are in order, the vehicle is certified okay, but where one or more documents is invalid either because it has expired or not available, the system generates a fine/bill, which will first be sent as a text message to the offender, and the hard copy taken to the offender’s house address as captured on the data base.

According to Toriola: “In a case where we are unable to get the address of the owner, maybe due to relocation or as a result of fake address, we would blacklist the vehicle and flag it, so that we would begin to monitor it and enforce arrest and compliance anytime the vehicle gets back on our roads.”

He said the camera of either the fixed or the mobile units on VIO vehicles will take the picture of the vehicle, zoom in on the number plate of the vehicle and when the offence was committed. It will state the offence(s) and give the offender seven days to seek redress (in case of doubts) or payment.

The VIS Director said the agency has started billing offenders who have been coming to pay. “Most offenders were shocked at the level of sophistication and detailed capturing of their offences, which has rightly put Lagos alongside countries that are deploying the best global standards in driving its transportation architecture,” Toriola added.

He said from the back end, the agency can see any vehicle anywhere in the state, see its state of health and can put an off the road sticker on any vehicle delivered to the home of the owner of such vehicle.

He said: “We now have so many of these cameras on our roads across the state. And our message for now is that our people should obey the law and maintain their vehicle. They should get all the prescribed particulars for their vehicles and obey traffic rules and regulations. If they do this, they need not be afraid of this new innovation which is meant to drive sanity down our transportation system,”Toriola added.

Another revelation according to him, is that the device has exposed the cartel that runs a ring of fake vehicle particulars in the state. “The device is helping us to detect a lot of fake documents; such as fake driver’s licence, fake vehicle licence and fake insurance and road worthiness licence. Those, who fall victims of these are calling their agents and we are now hearing so many funny confessions.”

He said the ANPR would be complementing the computerised vehicle inspection system, which was rolled out last year, where vehicles can undergo comprehensive diagnosis, away from the manual checking, which VIS men, hitherto carried out, and the acquisition of the Magneto Optical Device, a technology, which helps in diagnosing any vehicle’s details.

According to Toriola, the future of seamless transportation in a state with above the national average of vehicular density. With the right technology, according to him, Lagos is moving away from manual inspection, testing and billing as electronic alternatives are being deployed and more loopholes which make the system dysfunctional are being identified and blocked.

Throwing his weight behind the innovation is a road safety advocate and founder of Safety Without Borders, Patrick Adenusi, who commended the state for blazing an uncommon trail. To him, the innovation ought to be a national agenda.

Adenusi said Lagos, in driving its transportation architecture with ANPR, was 35 years late. “It is the global best practice and one should say that it is not only Lagos, but all the federating states and the security system, including the FRSC, the police and other security agencies that ought to be on the system.

He said the system has attracted excellent ratings across the world in countries like United Kingdom, US, Canada, Switzerland, France, UAE, Germany, Netherlands and several others where it has been introduced because it has not only contributed significantly to curtailing traffic infractions, it has also helped to burst criminal activities, especially car thefts.

According to him, every vehicle like human being, has a name and identification numbers, which is called the Chasis number. He said though engine numbers may change, chasis number never changes as it is the identity of the vehicle. People can attempt to alter the vein number of stolen vehicles, but they are often exposed once they are captured by the ANPR device.

In the US, the ANPR is being manned by the police. As one passes a police patrol with such device, the police officer will just capture your number plate and input this on the software on his laptop or ipad and instantly all one’s details are available to him. Where one is not supposed to be on the road as a result of a violation; either of non-inspection, or carrying an expired document, he issues a bill and send same to one’s mailing address or phone number, same way that Toriola had stated that the VIS system runs.

He said: “If we are adopting the same thing in Nigeria it is excellent as it would help everyone to do the right thing.”

Adenusi observed that there are quite a number of vehicles operating in Lagos and across the country without valid papers. Citing the instance of a situation where a VIO had stopped a woman, who claimed she was a civil servant and works at the state’s secretariat, Alausa, but whose particulars expired five years before.

He added that a check of the military, para-military and other security personnel would also reveal that so many of them ride freely on the roads without any valid documentation. “They just did the initial registration and thereafter, you will see them fix stickers of their stations, either Airforce, Navy, Police, Army or any other security outfit and brazenly go about the violations in a who-dare-accost-me manner. Many would not even use seat belt and some would put their beret on the dashboard. But does being in any of these say you should flout basic laws that guarantees safety?” he asked.

He said though this kind of innovation is salutary, ensuring compliance of all categories of citizens without having sacred cows, will determine how successful it could be.

According to Adenusi, if we want the government to provide basic infrastructure that meets global standard without going aborrowing, one of the ways is to support this kind of avenue where only those, who are able to maintain their vehicles can only keep them on the roads.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Fintech

Flutterwave Hit by Another Security Breach, Billions of Naira Diverted to Multiple Bank Accounts

Published

on

Flutterwave - Investors King

In another blow to the financial technology sector, Flutterwave, a prominent player in Nigeria’s digital payment landscape, has been rocked by yet another security breach, resulting in the diversion of billions of naira to multiple undisclosed bank accounts.

This incident is the latest in a series of setbacks for the fintech company, raising concerns about the integrity of its systems and the safety of customer funds.

According to insider sources familiar with the matter, unauthorized transactions amounting to approximately ₦11 billion ($7 million) were illicitly transferred to several accounts during April 2024.

However, other sources suggest the figure could be as high as ₦20 billion ($13.5 million), underscoring the magnitude of the breach.

Flutterwave, responding to inquiries regarding the breach, acknowledged the unauthorized activities but stopped short of confirming the exact amount involved.

In a statement to TechCabal, the company assured the public that no customer funds were lost or compromised, and the confidentiality of customer data remained intact.

The modus operandi of the perpetrators involved transferring the stolen funds to various accounts across five financial institutions over a span of four days.

To evade detection, the transactions were carefully orchestrated to stay below thresholds that trigger fraud checks, highlighting the sophistication of the operation.

Law enforcement agencies have been notified of the breach, and investigations are underway to apprehend those responsible.

Flutterwave has also initiated measures to mitigate the impact of the incident, including temporarily restricting the accounts implicated in the unauthorized transfers.

Industry analysts note that this is not the first time Flutterwave has fallen victim to such security breaches. Over the past fourteen months, the company has grappled with multiple incidents of unauthorized transfers, raising serious concerns about the adequacy of its cybersecurity measures.

In October 2023, Flutterwave reported unauthorized transactions totaling ₦19 billion ($24 million), affecting thousands of account holders across 35 banks and financial institutions.

Subsequent breaches in March and February 2023 saw millions of naira diverted to numerous bank accounts, further exposing vulnerabilities in the company’s systems.

Continue Reading

Fintech

Moniepoint Inc Moniepoint Inc Named Africa’s Fastest-Growing Financial Institution by Financial Times

Published

on

Moniepoint

Moniepoint Inc, parent company of Nigeria’s leading financial institutions, Moniepoint MFB and TeamApt Ltd has been ranked by the Financial Times, one of the world’s leading business news organizations, recognized internationally for its authority, integrity, and accuracy as Africa’s fastest-growing financial institution.

The world’s leading financial publication confirmed Moniepoint Inc’s accolade in its annual “Africa’s Fastest Growing Companies” survey, released today. It is the second consecutive year Moniepoint has achieved both the fastest-growing fintech milestone, and, ranked in Africa’s top four fastest-growing companies overall.

The survey was compiled by Statista, a leading research company renowned for its insight into African companies’ actual performance, in a rigorous screening process. In this survey, companies are ranked based on 2019-2022 data by their absolute growth rate of revenues and their compound annual growth rate (CAGR). Moniepoint’s growth rates of 7,979% (absolute) and 332% (CAGR) ranked it ahead of hundreds of leading companies from diverse industries such as technology, telecoms, financial services, and healthcare.

Moniepoint Inc has long been one of Africa’s largest business payments platforms, processing over $182 billion for customers in 2023. It will be recalled that in August 2023, Moniepoint MFB entered the personal banking market offering reliable banking services to millions of individuals across Nigeria.  The holding group also doubled its global headcount, growing to over 1,800 employees by the end of 2023.

This recognition highlights Moniepoint’s success as Africa’s leading fintech, driving financial inclusion by empowering underserved businesses and individuals to access the formal financial system, contributing to a key goal of the Nigerian government.

Tosin Eniolorunda, Group CEO of Moniepoint Inc., said: “We are thrilled to be recognised by the Financial Times as Africa’s fastest growing fintech for the second consecutive year. Achieving rapid growth and scale is a fantastic achievement; maintaining that year-on-year is even better. The ranking is a testament to the dedication and hard work of the entire Moniepoint team, and the trust of millions of customers across Africa in the Company.

“2023 was a pivotal year for Moniepoint. Moniepoint has moved from being an agency-dominated institution to becoming merchant-dominated as we have seen a lot more people embrace more digital payment solutions. It is humbling to see that we have become a household name that people have come to know and trust, the bellwether for reliable transactions every time.

With our foray into the personal banking market, we have been able to deliver seamless and reliable payment solutions for Nigerians especially those in underserved communities as we continue to supercharge access to financial services and contribute to economic growth and wealth creation.  2024 is set to be even more exciting with continued growth, driving compliance and innovation, as we maintain our leading role within the African fintech sector, driving financial inclusion across Africa.”

According to David Pilling, FT Africa Editor, “The third year of our now expanded ranking of Africa’s Fastest Growing Companies comes against a background in which many economies are struggling to recover from the Covid pandemic. The FT-Statista list reveals the type of companies that, even in hard times, have managed to grow, often by disrupting markets…This year, our ranking has a wider geographical spread of companies than before. The big newcomer is Morocco, with 12 companies in the top 125 against just three last time. Mauritian-domiciled companies also did well with nine winners, against four in 2022. South Africa had 42 companies in the list, followed by Nigeria’s 25, while Kenya tied third at 12.”

Moniepoint Inc.’s technology powers over five million businesses and their customers, offering all the payment, banking, credit and business management tools they need to succeed.  Establishing itself as a market leader in Nigeria across various segments from commerce to health and hospitality amongst many others, Moniepoint’s transformational and positive strides has earned it local and international plaudits.

In 2023, for the second year running, Moniepoint Inc was named amongst the 100 most promising private fintech companies by CB Insights. Moniepoint MFB received the Rising Star Family Business Award at the Pwc/Businessday Family Business Summit; while bagging the Fintech Company of the Year award at the 16th edition of Leadership Newspapers Conference and Awards.

Industry analysts have averred that as a strongly embedded and systemic institution in the digital payment services segment, with an eye on the future, Moniepoint Inc is poised to continue to deliver innovative solutions that promote inclusivity, drive sustainability and create new vistas in the markets where they operate.

Continue Reading

E-commerce

Jumia Plans Warehouse Consolidation in Lagos Amid Nigeria Focus

Published

on

Jumia - Investors King

Jumia Technologies AG, the Nasdaq-listed e-commerce giant, has unveiled plans to consolidate its warehouses in Nigeria.

This decision is part of the company’s broader strategy to prioritize Nigeria, Africa’s most populous nation as it endeavors to turn profitable amidst challenging market conditions.

The consolidation initiative will see Jumia merging its three existing warehouses in Nigeria into a single expansive depot spanning 30,000 square meters, strategically located in Lagos.

Francis Dufay, CEO of Jumia, emphasized the cost-cutting benefits associated with this move, highlighting the company’s commitment to optimizing its operational efficiency.

Speaking about the rationale behind the consolidation, Dufay expressed confidence in Nigeria’s potential to provide Jumia with the scale needed to achieve profitability.

Despite facing headwinds such as currency fluctuations and a challenging economic environment, Jumia views Nigeria as a key market for growth, anticipating positive developments in the medium term.

Jumia’s decision to streamline its operations in Nigeria comes against the backdrop of its ongoing efforts to navigate the complexities of the e-commerce landscape.

Despite reporting an operating loss of $8.33 million in the first quarter of the year, the company remains optimistic about its prospects in Nigeria, where it continues to witness steady revenue growth.

The e-commerce giant’s commitment to Nigeria underscores its long-term vision and determination to succeed in the region.

With plans to expand its footprint to additional cities across the country, Jumia aims to capitalize on Nigeria’s vast market potential and consumer demand.

However, Jumia’s journey to profitability in Nigeria is not without its challenges. The country’s economic landscape has been marred by currency devaluations, infrastructural deficiencies, and logistical hurdles.

Yet, amidst these obstacles, Jumia remains resilient, banking on Nigeria’s economic revival efforts and policy reforms to fuel its growth trajectory.

As part of its strategy to adapt to evolving market dynamics, Jumia has introduced innovative initiatives such as buy-now-pay-later financing options to cater to customers grappling with rising prices.

Also, the company remains vigilant in monitoring pricing dynamics, ensuring competitive pricing to meet the needs of price-conscious consumers.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending