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Nigeria’s Poor Data Management System Worries Analyst

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  • Nigeria’s Poor Data Management System Worries Analyst

A United Kingdom-based information technology expert, Mr. Davies Bamigboye, has raised the alarm over the ease at which data belonging to Nigerians are sold and harvested illegally.

The expert who stated this while speaking with journalists in Abuja, also blamed the failure of the National Information Technology Development Agency (NITDA), in enforcing the Nigeria Data Protection Regulation (NDPR) since January 2019, for the brewing security crisis.

Bamigboye, who is the Chief Executive Officer of Conceptsworld Academy, UK, explained that lack of data protection laws in Nigeria had exposed Nigerians to grave risk.

While he hailed NITDA for taking a bold step in constituting the Nigeria Data Protection Regulation (NDPR) in January 2019, he, however, expressed dissatisfaction about the agency’s inability to do enough to publicise the law and communicate deadlines to all organisations across the nation.

Bamigboye stated: “Public and private institutions will continue to process Nigerian citizens data through third parties especially where due diligence has not been undertaken, contractual clauses are not favourable to Nigerians, data loss prevention methods have not been verified, or where such information is transferred outside of Nigeria.

“Children’s data (e.g pictures) for example, will continue to be used to support advertisements that aim to seek aids from foreign countries by NGOs.

“There is no reason to believe that such NGOs seek approval from Nigerian regulators before using these pictures.

“Even, if they (the NGO) had wanted to seek permission, there was no designated body in Nigeria which could serve as the Information Commissioner Office (ICO) that such requests should be directed to.”
According to him, “The current monitoring of Nigerians by other Nations and large organisations will continue to go unchecked.

“For example, multinationals possessing location data of Nigerians gleaned from smartphones, laptops, iPad, smartwatches, smart TVs and other intelligent devices will continue to exploit this information for their own advantage to profile our citizens.

“The level of access that these organisations have means that the privacy rights of Nigerians are at risk. It means that information in the hands of private companies can be used to identify where an individual Nigerian is, where they have been, who they have been in contact with, and who was situated around them.
“This has a major impact on the privacy and security of Nigerians,” he said.

He alleged that the risk of selling of Nigerian citizens’ data for nefarious activities would continue, especially as it pertains to children for sex-trafficking among others, adding that it will decimate the future of our country, if unabated.

He further said by not enforcing the NDPR means that legitimate organisations and criminal gangs can continue to target Nigeria with the sole purpose of trawling up information that could be used in a criminal or discriminatory manner.

“Without clear breach notification and process of seeking redress, when a breach occurs or indeed a crime is initiated, the lack of effective NDPR coupled with a judiciary with limited cyber awareness capabilities makes it hard to prosecute alleged offenders.

“The need to be able to prosecute and fine foreign companies for me sit on the top list of what needs to be addressed as soon as possible. If you compare Nigeria to other countries with effective data protection regulation, foreign companies are careful to exploit the privacy of their citizens,” he added.

He further expressed concern that if NITDA does not proactively push the initiative, it would further erode business confidence in Nigeria and international organisations would perceive the nation as formulating a policy with the intent of “looking” the part but not serious about carrying out its mandate.

Bamigboye, stressed that the Buhari’s administration could pride itself in the history of Nigeria as being the administration that facilitated this trillion-dollar industry.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market.

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Seplat Appoints Emeka Onwuka as CFO, Executive Director

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Seplat Named Emeka Onwuka as CFO and Executive Director

Seplat Petroleum Development Company Plc has appointed Mr. Emeka Onwuka as the Chief Financial Officer (CFO) and Executive Director of Seplat, effective from August 1, 2020.

In the statement signed by Mrs. Edith Onwuchekwa, Company Secretary and Chief Governance Compliance Officer, and released through the Nigerian Stock Exchange, Mr. Onwuka has more than 30 years of experience in financial services within Sub-Saharan Africa.

“He has acted as the voice and face of major financial institutions in Nigeria as former Group Managing Director /CEO of Diamond Bank Plc and former Chairman of Enterprise Bank Limited. Mr Onwuka is a Partner at Andersen Tax Nigeria and holds various Board positions as Chairman; FMDQ Securities Exchange Limited; Director FMDQ Holdings Limited; Director, Ecobank Nigeria Limited; and Director, Bharti Airtel Nigeria,” the Company stated.

“Mr Onwuka received his B.SC. in Political Science from the University of Nigeria, Nsukka and holds an MBA from the University of Benin. He is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Nigeria, a Fellow of Chartered Institute of Taxation of Nigeria. He has attended executive programs at the Lagos Business School, Wharton Business School and Harvard Business School.

“Mr. Onwuka holds the Nigerian National Honour, Officer of the Order of the Niger (OON). The Board of Seplat is confident that the wealth of knowledge and experience he brings will be a great addition to the Company.

“This announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules.”

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TAJBank Joins e-Commerce Giants- Launches Nigeria’s 1st Ethical Online Mall

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TaJBank E-commerce

TaJBank Launches Ethical Online Mall

Abuja Nigeria July 8th, 2020  Nigeria’s most innovative Non-Interest Bank, TAJBank, has announced the highly anticipated launch of TAJMall, the nation’s first ethical online shopping mall.

The highly anticipated launch of the e-commerce site, which held recently, is coming closely on the heels of the commencement of its Agency Banking Network which began in June across thirteen (13) states in the country.

To celebrate this milestone, the brand will be holding a week long TAJMall campaign from 6th – 11th July 2020 to sensitize and also reward its new customers to its platform.

“This is a great milestone as we present a fully customer focused e- commerce platform offering 100 percent authentic brands from highly vetted vendors. Our mission is to rebuild trust in the online shopping niche, hence the emphasis on our platform being an ethical shopping mall. We want to deliver on our promise and make this an enjoyable and safe experience not just for our customers, but also for our numerous trusted vendors as well,” said Founder/COO TAJBank, Hamid Joda.

“Our customers place absolute trust that goods will be delivered exactly as requested, and we do not take that trust lightly, he added.

The brand expressed commitment to continuously deploy technological tools on it’s new e- platform to maintain optimal customer service delivery and ensure shopping on TAJMall remains a productive and hassle free experience.

Customers who log onto the tajmall.ng platform (or download the app), will have the opportunity to enjoy massive price slashes, shopping coupons, free shipping and other incredible offers. The Bank also intends to offer financing to its customers who shop on the mall.

“Well beyond our exciting line up of activities, they are assured the highest level of value each time they make a purchase on TAJMall. Our marketing insights have shown that there is an increasing need to match the kind of variety in product offerings that customers yearn for with the exceptional shopping experience that may at times be lacking. We aim to make that an unmatched experience right from the moment our customers visit our mall to the receipt of their items,” affirmed Co-Founder/CMO, Mr Sherif Idi.

Customers shopping on TAJ Mall are guaranteed 100% authenticity, official warranties from the brands, and a 5 day return policy at no extra cost to the customer.

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Warren Buffet to Give Out Another $2.9bn, Total Donations Now $37bn

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Warren Buffett's Donations

Warren Buffet Gives Away $2.9bn, Total Donations Now $37bn

Oracle of Omaha, Warren Buffet, has announced his yearly charitable donations to the five philanthropies he picked to donate most of his fortune to.

The billionaire plans to give out 15.9 million class B shares of Berkshire Hathaway worth $2.9 billion to the five philanthropies. This will bring his total philanthropic donations to $37 billion since 2006.

Warren Buffett

Buffet, who has promised to give away about 99 percent of his fortune, still hold 248,734 Class A shares of Berkshire valued at around $67.5 billion.

However, before he began given out his shares, Oracle of Omaha held 474,998 Class A shares of Berkshire, which would have worth about $129 billion as of today.

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