E-Business
Towards a Cybercrime Free Society
Nigerians world over are perceived by the international community as criminals, no thanks to the activities of cyber criminals in the country.
The nefarious acts of these scammers in no little way has dented the image of the country and is a smear on the integrity of honest and hard working citizens.
In this wise, credit cards of Nigeria descent are rejected in online transactions with foreign countries and this, Sean O’ Hara, director British broadcasting Corporation (BBC) World News, said is as a result of country of origin effect.
“Country of origin effect tells you that the country where a person or product comes from affects the perception of the person or brand,” he said.
He said a positive nation’s brand can affect the country positively, noting that the things which lead a country into good international identity are “actually the brands and products produced by companies led by the people.”
The menace of “Yahoo Yahoo,” as it is popularly called is also in anyway not helping matters as the crime is being termed a “profession” among perpetrators of this illegal act.
“Walking into most cybercafés in Nigeria today, one can see clusters of young people gathered around public computers for the purpose of manipulating the powers of technology to defraud others and disturb the desired safety of the internet,’ said Gbenga Sesan, executive director, Paradigm Initiative Nigeria.
Apart from the availability and usage of Internet facilities in cyber cafes for scam mails and other cybercrimes, the evolution of fixed wireless facilities in the Nigerian network landscape has added another dimension to the cybercrime problem. Fraudsters who can afford to pay for internet connection via fixed wireless lines can now perpetrate their evil acts within the comfort of their homes.
These among others gave rise to the clamour for a cybercrime free society.
Bashir Gwandu, acting executive vice chairman, Nigeria Communications Commission (NCC) has pledged to fight cybercrime to a stand still as this has significantly damaged the country’s image abroad and cannot be allowed to continue.
He expressed concern that the issue of cybercrime and scam mails which emanated from unknown persons and disguised sources claiming to be from top Nigerian institutions have done untold damage to the image of the country.
The acting EVC said the Commission will work on improving Nigeria’s monitoring and investigation skills in a bid to ameliorate its negative impact on the country.
In the same vein, the Microsoft Internet Safety, Security and Privacy Initiative for Nigeria (MISSPIN), a joint effort between Microsoft and Paradigm Initiative Nigeria (PIN) is one such initiatives aimed at addressing the issue of cybercrime in Nigeria.
The partnership gave birth to a campaign targeted at redirecting the energies of Nigerian youth from cybercrime to more positive online involvement.
“Maga No Need Pay,” is an album put together by nine top Nigerian artistes who dedicated their time and talents to fight the scourge, countering an earlier released album of the glorified crime album- “Maga Don Pay, Shout Halleluyah!,” is part of the MISSPIN initiative targeting the youths to change their perspective on cybercrime.
In providing alternatives to cybercrime, Adeolu Akinyemi, an online internet marketer, said it takes the same skill set as a “Yahoo Yahoo” guy to make it legitimately.
He said this is because the yahoo guys spend more time on the system, follow instructions and persevere for months to get control numbers and wait patiently for the deal to come through.
Akinyemi added that internet marketing and network marketing are ways to make legitimate money on the internet.
But Dr. Jummai Umar- Ajijola, Citizenship Lead, Microsoft Anglophone West Africa said the absence of a legislation to address the crime is a challenge and as a result of this, “the international community view Nigeria as not being serious in wanting to tackle the menace.”
E-Business
NDPC Probes UNILAG, Lotus Bank, Hackerbella over Alleged Students’ Data Misuse

Nigeria Data Protection Commission (NDPC) has commenced a forensic investigation into the University of Lagos (UNILAG), Lotus Bank and Hackerbella Ltd over alleged violations of data protection laws involving students’ personal information.

The investigation follows public complaints alleging that students’ personal data were used to open bank accounts without a lawful basis.
Dr Vincent Olatunji, national commissioner and chief executive officer of the NDPC, directed the investigation team to conduct a comprehensive assessment of the circumstances surrounding the collection, processing, use and disclosure of the affected students’ personal data.
The investigation will also determine the respective roles and responsibilities of UNILAG, Lotus Bank and Hackerbella in the alleged processing of the data.
According to the Commission, the investigation will assess the data protection compliance obligations of the parties under the Nigeria Data Protection Act, 2023 (NDP Act), as well as potential risks posed to the rights and freedoms of the affected data subjects.
The NDPC said the probe would cover several areas, including Data Protection Impact Assessments (DPIAs), the lawfulness and transparency of credit scoring or profiling activities, and the use of automated decision-making systems.
It will also examine the adequacy of privacy notices, data-sharing arrangements, lawful bases for processing, data minimisation and purpose limitation.
Other areas include data retention policies and the adequacy of technical and organisational measures put in place to safeguard the rights and personal data of affected students.
The Commission reiterated that institutions entrusted with the personal data of students, staff and other members of their communities have a heightened responsibility to ensure that such information is processed lawfully, fairly, transparently and securely.
The NDPC therefore warned educational institutions that are yet to comply with its existing data protection compliance directives to take immediate steps to achieve compliance.
The Commission said it would continue to exercise its regulatory mandate to protect the privacy rights of Nigerians and ensure that organisations processing personal data comply with the provisions of the Nigeria Data Protection Act, 2023.
E-Business
Microsoft to Unveil Next-generation AI Chip in September

Microsoft is planning to unveil its new Maia 300 AI chip this fall, potentially as soon as next month, The Information reported on Monday, citing people with direct knowledge of the plans.

The company introduced its Maia AI chip in November 2023 but has lagged rivals such as Alphabet and Amazon in scaling up its in-house chip efforts as it seeks to reduce its reliance on Nvidia’s costly processors.
Google began recognizing revenue from direct sales of its custom AI chips, called Tensor Processing Units, in the quarter ended June, while Amazon has also seen growing adoption of its processors, including its Trainium chips.
Microsoft has been in talks with chipmaker TSMC to secure manufacturing capacity for more than 300,000 units of the chip for delivery in 2027, according to the report. It is also looking to significantly ramp up production and persuade major cloud customers such as Anthropic to adopt the chip.
Microsoft ultimately aims to secure capacity for more than 1 million Maia 300 chips, though component supplies and ongoing capacity negotiations with TSMC could constrain its plans, according to the report.
It unveiled its second-generation Maia 200 in January, built by TSMC using 3-nanometer technology.
Microsoft packed the chip with a significant amount of SRAM, a type of memory that can provide speed advantages for AI systems handling large numbers of user requests.
E-Business
X Replaces Revenue Sharing wit New Creator Rewards Programme

X has announced plans to discontinue its Revenue Sharing programme and introduce a new Original Content Rewards programme to reward creators for producing original content on the platform.

The social media company announced the changes at the weekend in a post on its X Creators handle, saying the new programme would reward creators who contribute original content.
“Today, we’re introducing the Original Content Rewards Program, a new way to reward creators who bring original ideas, expertise, reporting, creativity, and commentary to X,” the company said.
X said it would stop accepting new enrolments into the Revenue Sharing programme from Friday, while existing participants would continue earning until September 7, 2026.
“Starting today, we’re no longer accepting new enrollments into Revenue Sharing,” it said.
According to the company, existing Revenue Sharing participants will receive three final payouts, with two scheduled for August 14 and August 28, while the final payment for earnings accrued through September 7 is expected around September 11.
X said existing Revenue Sharing participants would begin getting access to apply for the new programme from September 8, subject to meeting its eligibility requirements.
The first payout under the Original Content Rewards programme will be made on August 28, 2026, while existing Revenue Sharing creators who enrol in the new programme from September 8 will receive their first payment on September 25.
Under the new programme, eligible creators will earn from qualified impressions generated by their original content, with payments made every two weeks.
X defined qualified impressions as unique impressions from Premium users on the Home Timeline feed, where at least 50 per cent of a post is visible.
On the other hand, “The following are excluded from qualified impressions: impressions from the same account counted more than once per post; paid, promoted, or artificially generated impressions; and fraudulent impressions,” it said.
To qualify, creators must be at least 18 years old, live in a country where the programme is available, maintain an account in good standing and have either a personal or vusiness account.
They must also subscribe to X Premium, Premium+ or Premium Business, have at least 500 verified followers and record at least 500,000 Home Timeline impressions from verified users within the previous 90 days.
X said creators must also regularly post original content to remain eligible.
“We want to recognize creators who break news, share expertise, tell stories, create entertainment, and contribute meaningful perspectives to the conversation,” the company said.
The platform said original content could include threads, videos, memes, graphics, illustrations, reporting, analysis, commentary and reactions that add meaningful value to existing conversations.
It said creators who use content produced by others would need to add meaningful commentary, context, analysis, humour or creative transformation for such posts to qualify.
“Building on existing conversations is a core part of X, but simply reposting someone else’s content is not enough,” it said.
X said minor edits such as cropping, filters, borders, watermarks, speed adjustments or simple text overlays would generally not qualify as meaningful transformation on their own.
It also warned that content copied or substantially reproduced from another creator, content downloaded and re-uploaded from X or another platform without being the original author’s, automated content, disinformation and misleading content would be ineligible.
The company said accounts that violate the programme’s requirements could be temporarily or permanently removed from it, depending on the severity of the violation.
It added that creators would be responsible for ensuring they had the necessary rights, permissions or licences to use content created by others.
“Original content is content you personally create that reflects your own voice, perspective, expertise, or creativity,” X said.
The company said the new programme was intended to reward creators who make the platform more valuable by bringing original ideas and perspectives to its conversations.
“The Original Content Rewards Program is designed to reward the creators who start them, shape them, and move them forward,” it said.
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