News
Ndukwe, Others for Star-Studded BoICT Lecture/Awards-13
Communication Week Media Limited, publishers of Nigeria CommunicationsWeek, has announced Dr. Ernest Ndukwe, father of modern Nigeria telecom and former executive vice-chairman and chief executive officer of the Nigerian Communication Commission (NCC) as the special guest of honour of this year’s Beacon of ICT Awards ceremony.
Dr. Ndukwe, the midwife and doctor of modern day telecommunications in Nigeria brings added weight to the annual industry wide celebration that recognizes deserving talents, contributions and commitments to the growth of the ICT industry.
The event which holds on Saturday, April 20, 2013 at the Eko Hotels & Suites, Lagos, according to a statement signed by Ken Nwogbo, editor-in-chief, Nigeria CommunicationsWeek has the theme “Technology Adaption; Looking IT Straight In the Eye”.
Nwogbo, chief executive officer, Communication Week Media said that “this is because information and Communication Technology (ICT) innovations are delivering home-grown solutions in Africa, transforming businesses, and driving entrepreneurship and economic growth”
He said that the Beacon of ICT Distinguished Lecture is designed to explore efforts to put Nigeria on the global information and communications technologies map.
The keynote address will be delivered by Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.
Nwagboso, is one of the best brains in integrated Transport and Automotive Systems in world; with works in Innovation and Enterprise.
Along with the theme of this year’s event, Nwagboso, will examine efforts to adapt ICTs to local conditions and uses in Nigeria, and allowing Nigeria understand those innovations and adjust them to her own development needs.
His areas of interest also include; Transportation and Civil Engineering; Intelligent Systems for Mobility; Logistics and Supply Chain Management; and Performance Management Systems For Industry and Public sector
Nwogbo said that Ndukwe and Nwagboso are pride to African’s Information and Communications Technology.
The highlight of the evening will be awards on some individuals and organizations for outstanding contributions and best practices.
Beacon of ICT Distinguished Lecture/Awards Series now in its fourth year is the biggest industry event complete with trappings of any five star red carpet events.
At the inaugural edition, Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC) delivered the lecture and gazing into the crystal ball, foretold a broadband revolution.
The following year, it was the turn of Engr. Yomi Bolarinwa, Director-General of National Broadcasting Commission (NBC) who x-rayed the digitization of broadcasting.
Last year, Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk wowed the crowd with expectations from mobile money.
There has never been a dull moment with the event which draws top politicians and government functionaries as well captains in the ICT industry as well financial institutions.
News
Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

Ogba Ogbaga, an Abuja-based lawyer, has said that he has been instructed to institute legal proceedings against MTN Nigeria, Airtel Nigeria, Globacom, 9mobile and MultiChoice Nigeria, operators of DStv, over what he described as unfair consumer practices relating to expiring data bundles and television subscriptions.

In a statement posted on Facebook, Ogbaga said his law firm, GIMBG Legals, received instructions from its client, KAA, also known as KaaTruths, to challenge the companies’ subscription policies in court.
According to him, the proposed suit will question whether telecom operators and DStv’s subscription models comply with provisions of the Federal Competition and Consumer Protection Act (FCCPA) 2018 and other applicable laws.
Ogbaga alleged that telecom providers operate internet data services that are unfair to consumers, claiming subscribers sometimes do not receive the services they paid for but still lose their subscriptions once the validity period expires.
He also criticised DStv’s subscription model, arguing that consumers lose paid viewing time due to factors such as power outages, adverse weather conditions and service interruptions, while subscriptions continue to count down regardless.
“Our clients have complained that MTN data services are unduly one-sided,” Ogbaga said, adding that the legal action would also extend to other telecommunications providers and DStv.
He said the court action would seek judicial determination on whether the companies’ subscription practices comply with consumer protection laws.
The lawyer also invited interested legal practitioners to collaborate on the case, saying his firm would provide updates as the matter progresses.
In a separate Facebook post on Wednesday, Ogbaga said previous policy discussions, town hall meetings and debates at the National Assembly had failed to address the concerns raised by consumers.
He argued that telecom operators regularly carry out maintenance and network upgrades that temporarily disrupt services without extending customers’ subscription periods, while DStv subscribers also lose viewing time because of electricity outages and weather-related disruptions.
News
NAICOM Issues New Licences to 43 Recapitalized Insurers

The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the industry’s new minimum capital requirements, marking the formal beginning of a new regulatory era aimed at strengthening the financial capacity, governance and global competitiveness of Nigeria’s insurance sector.

At a ceremony held at the Commission’s headquarters in Abuja, the Commissioner for Insurance, Olusegun Ayo Omosehin, presented the new licence certificates to compliant operators, describing the exercise as a major milestone in the industry’s recapitalisation programme.
According to the Commission, a total of 43 insurance companies declared compliant with the new capital requirements are expected to receive the new licence certificates in phases.
Omosehin congratulated the successful companies, saying the issuance of the new licences signals the beginning of a stronger regulatory framework anchored on improved capitalisation, sound corporate governance, innovation and sustainable growth.
He urged operators to leverage their enhanced capital base to develop innovative insurance products, improve operational efficiency and deepen insurance penetration across the country.
The Commissioner said the Commission expects the recapitalised companies to deliver stronger financial performance while maintaining high standards of professionalism and customer service.
He also announced that NAICOM’s next major regulatory initiative would be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels would be aligned with the risks inherent in their respective business portfolios.
According to him, the new framework will further strengthen the industry’s resilience by ensuring that insurers maintain capital commensurate with the risks they underwrite, thereby enhancing policyholder protection and boosting market confidence.
Omosehin reaffirmed the Commission’s commitment to removing regulatory impediments where necessary while maintaining effective oversight to safeguard policyholders and strengthen confidence in the insurance market.
The issuance of the new licence certificates marks the commencement of a phased transition to higher capital standards aimed at improving the financial capacity, solvency and claims-paying ability of insurance companies operating in Nigeria.
News
Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

Management of Nigeria CommunicationsWeek Media has withdrawn its publication titled “Adefolarin Ogunsanya and the Allegations of Shareholder Interference and Self-Dealing at Pan African Towers,” which was published on its platform.

The decision to retract the story follows an editorial review to ensure that the platform maintains the highest standards of accuracy, fairness and responsible journalism in reporting matters that are the subject of ongoing judicial proceedings.
Nigeria CommunicationsWeek acknowledges that the issues raised in the publication remain before the courts and have not been finally determined.
Accordingly, the organisation has decided to remove the article from its platforms pending the conclusion of the legal processes or the availability of additional verified information.
The publication regrets any inconvenience or misunderstanding the report may have caused to readers or any individuals or organisations mentioned in the story.
Nigeria CommunicationsWeek remains committed to the principles of balanced, factual and ethical journalism and will continue to uphold professional standards in its coverage of judicial and corporate governance matters.
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