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CSCS Commits N100m in Fight against COVID-19

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The Central Securities Clearing System (CSCS) Plc, Nigeria’s capital market infrastructure, has donated a fully equipped and insured state-of-the-art Ambulance to the Capital Market Support Committee for COVID-19 (CMSCC), an initiative of the Securities and Exchange Commission (SEC), chaired by one of the capital market veterans, Mr. Ariyo Olushekun.

In addition, CSCS made a cash donation to the CMSCC Initiative.

The CMSCC seeks to complement the effort of the Federal and State Governments in stemming the spread of the novel coronavirus, which has undermined economic and social activities across the world.

In furtherance of its reinforced commitment towards the war against COVID-19 and the demonstration of its strong Corporate Social Responsibility (CSR) effort, CSCS will also be partnering other stakeholders in the distribution of 100,000 reusable facemasks aimed at providing free reusable facemasks to the most vulnerable, low – income households across the country.

In his remarks while presenting the ambulance and cash donation to CMSCC, Mr. Haruna Jalo-Waziri, Managing Director and Chief Executive Officer of the Central Securities Clearing System Plc, said “we find it imperative to collaborate with other stakeholders in the capital market in this war against COVID-19. The safety of Nigerians and the growth of the economy is a collective responsibility that we cannot leave to the government alone.

“We have committed N100million to this war against COVID-19, as we are also supporting the efforts of other stakeholders. Whilst we continue to support the society through CSR initiatives, we believe our most impactful support to the capital market and broader Nigerian economy is through our services.

I am excited that we have operated seamlessly through this crisis, leveraging our investment in technology and people, in ensuring efficient depository and settlement of capital market transactions across multiple capital trade points, including the Nigerian Stock Exchange, the FMDQ Exchange and the NASD-OTC”.

Speaking further, Mr. Jalo-Waziri said “I would like to thank our Board of Directors for taking this crucial decision for us to join well-meaning, responsible corporates and other stakeholders in the fight against this novel coronavirus.

“Whilst it is a challenging time for businesses, it is sacrosanct for corporate leaders to make all possible sacrifice towards this cause, which is perhaps pertinent to the sustainability of businesses and the broader economy.”

Whilst receiving the Ambulance and cash donation, the Chairman of the CMSCC, Mr. Ariyo Olushekun applauded the Executive Management and Board of CSCS Plc for the response to the SEC-led clarion call on capital market stakeholders. He noted that CSCS has in its usual practice demonstrated commitment to the wellbeing of the Nigerian public and more precisely its support for the growth and development of the capital market.

According to Mr. Olushekun, “I am impressed by this kind gesture of CSCS to the capital market community and indeed Nigeria at large, particularly as this comes at a challenging time for most businesses, globally.

“CSCS has always proven its critical role as the capital market infrastructure, not only in delivering requisite depository and securities settlement services to the broad capital market but also in its corporate social responsibilities”.

“We will continue to ensure judicious use of the donations to CMSCC, even as we implore everyone to take personal responsibility by maintaining basic safety protocols such as the use of facemasks in public, regular washing of hands with soap and water for a minimum of 20 seconds or the use of sanitizers, maintenance of social distancing measures amongst other protocols being advised from time to time by relevant health authorities”, Mr. Ariyo Olushekun added.

The Nigerian Capital Market Community, led by the Securities and Exchange Commission (SEC) inaugurated the market-wide Committee, the Capital Market Support Committee on COVID-19 (CMSCC), to coordinate the Capital Market Community’s effort in mitigating the medical and economic impact of the pandemic on the vulnerable and the less privileged.

CSCS’ Corporate Social Responsibility (CSR) pillars are built on Community, Environment and People.

The company has consistently been at the forefront of championing various charitable causes towards People With Intellectual Disability (PWID), the physically challenged amongst others.


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NAEC to Deploy Nuclear Science for Power Generation

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Nigeria Atomic Energy Commission (NAEC), in collaboration with the Centre for Energy Research and Training (CERT) at Ahmadu Bello University, Zaria is set to leverage nuclear science and technology to enhance electric power generation in Nigeria.

NAEC to Deploy Nuclear Science for Power Generation

Prof Yusuf-Aminu Ahmed, chairman of NAEC, made this known during the 20th Anniversary Symposium of Nigeria’s first Nuclear Research Reactor-1 (NNR-1) in Zaria.

Prof Ahmed emphasised the accumulated expertise in nuclear power at the center, asserting Nigeria’s readiness to advance to the next stage of power generation through nuclear reactors. “We have utilised the reactor for research and development extensively, and now we are poised to employ it for electricity generation,” Mr Ahmed stated.

He further disclosed that President Bola Tinubu has tasked the commission with contributing to Nigeria’s clean energy initiatives, with the nuclear energy programme set to play a significant role, and noted the signing of intergovernmental agreements with some vendors.

Sen. George Akume, secretary to the government of the federation, lauded the 20 years of safe operation of the nuclear research reactor as a testament to Nigeria’s commitment to the safe application of nuclear energy.

He underscored that the successful operation of the nuclear research reactor paved the way for considering a nuclear reactor for electricity generation, echoing President Tinubu’s advocacy for nuclear energy in Nigeria’s power sources.

In his remarks, Prof Sunday Jonah, director of the center, highlighted the event’s purpose of celebrating two decades of safe operation, maintenance, and utilisation of the NNR-1.

However, amidst the achievements celebrated, Prof Jonah expressed concern over a purported attempt by NAEC to wrest control of the center from the university through the proposed NAEC Bill 2022 and cautioned that such a move would contradict the original vision of the center’s establishment within universities, designed to foster a culture of research and development.

 

 

 

 

 


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INTERPOL Appoints Uche, Nigerian CP as Chairman, African Heads of Cybercrime Units

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International Police Organization (INTERPOL), has appointed  Ifeanyi Henry Uche, Nigerian Police Commissioner, as the chairman of the African heads of cybercrime units comprising heads of 54 countries.

INTERPOL Appoints Uche, Nigerian CP as Chairman, African Heads of Cybercrime Units

Uche who is the Commissioner of Police in charge Nigeria Police Force National Cyber Crime Centre (NPF -NCCC) is taking over from Ratjindua Tjivikua, head of Cybercrime of Namibia after his tenure expired.

Speaking at the closing of the Africa Working Group Meeting on Cybercrime on Friday, Uche said, “The high penetration rate of new technologies in Africa increasingly exposes the sub-regional cyberspace as potential targets for cybercriminals as most African countries still have low levels of commitment to cybersecurity.

“It is important that we join the operational sub groups created by INTERPOL to bolster our collective efficiency in the fight against cybercrime in the subregion.

He said, “Resource sharing, the level of information and intelligence among African law enforcement is still at its lowest ebb largely blamed on extant domestic laws.

“I advocate for the establishment of African Incident Response Mechanism and Cybersecurity Frameworks on a Police-to-Police basis to eliminate the bottlenecks impeding free flow of resources.

“We must leverage the INTERPOL NCB 1/247 communication network and existing capabilities with regard to sharing of classified intelligence.”

Uche said this should be done with “Establishment of Specialized Cybercrime Units, noting it is rather unfortunate that most African countries do not have a specialized Cybercrime Unit dedicated for the investigation of Cybercrime and cyber-enabled crime. I implore member states to under-study the Nigeria police model of the Nigeria police Force National Cybercrime Center (NPF-NCCC).

“Investment in Technology, Infrastructure and Capacity building through a deliberate effort by member states to make the multi-million-dollar commitment in acquiring the much-needed technology and digital solution as a prelude to efficient cybercrime response and prevention. We must begin to look inwards by developing indigenous technologies to address our peculiar socio-cultural challenges.

“Legislative support to push the advocacy and lobby the governments to make and enforce robust cybersecurity laws and regulations that address cybercrime effectively. This includes laws on data protection, online privacy, electronic transactions, and cybercrime prevention.

“With the Fourth Industrial Revolution and emergence of Al and IOT, the undeniable reality is that the global cyberspace is undergoing profound and rapid changes given the penetration of new technologies and growing interconnection of the system.

“Though this evolution offers opportunities for innovations, diversification, and cost optimization, it also carries with it increased exposure to new and devastating risks of imminent cyber-attacks. These attacks permeate and affect the entire global digital ecosystem equally with no exception to geographic belts hence it affects businesses of all sizes both in public and private sectors in all regions at a breakneck speed.

“Cybercrime poses a significant threat to our societies, economies, and security”,  he said. “it is imperative that we work together to address this growing challenge. As Chairman, I am committed to lead from the front, fostering the much-desired collaboration among our member Units to enhance our collective ability to prevent and investigate cyber crimes effectively in Africa.

“I consider this as a call to champion the enthronement of a new charter of technological renaissance and home-grown cybersecurity ethics in Africa and a paradigm shift from absolute dependence on external solutions to African nurtured technological initiatives, adaptive to our Socio-Political ecosystem.

In her remarks at the event, Hajia Imaan Suleiman Ibrahim, minister of State, Police Affairs, said, “The Government of Nigeria is fully committed to reforming our police force, recognizing that cybersecurity is an integral component of our national security agenda.

“We understand that a secure cyberspace is essential for our immediate and long-term development objectives. Therefore, we are dedicated to enhancing our cybersecurity capabilities, investing in the necessary resources, and fostering collaboration both domestically and internationally.

“Consistent with the Renewed Hope Agenda of Mr President, we are working assiduously to move beyond mere conversations to working with key stakeholders to strengthen Nigeria’s cybersecurity legal and regulatory frameworks.

“We are working to enhance the provision of the requisite tools, equipment, and facilities to strengthen the cybersecurity architecture of the Nigeria Police Force, and we remain committed to regional and international cooperation mechanisms.”


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History as Nigeria Acquire First Cosmic Rays Detector in Africa

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National Space Research and Development Agency (NASRDA) said Nigeria has made history by becoming the first country in Africa to acquire a cosmic ray muon detector to aid climate change and atmospheric research.

History as Nigeria Acquire First Cosmic Rays Detector in Africa

The muon detector acquired by Nigeria for monitoring cosmic rays and space weather was built and designed by the Physics and Astronomy Department of Georgia State University (GSU), USA;  Prof. Babatunde Rabiu, director of UN- African Regional Centre for Space Science and Technology Education in English (UN-ARCSSTEE), a research and development centre of NASRDA, disclosed.

He spoke at a symposium on Cosmic Rays and Space Weather was organised by UN-ARCSSTEE in collaboration with Georgia State University (GSU), USA in Abuja.

According to Prof Rabiu a cosmic ray is a natural radiation that is not ionized in the atmosphere. He added that cosmic rays vary in location, latitude, and altitude of location and can be modified when certain anthropogenic activities occur.

“More than ever, scientists are curious about predicting weather, and studying space weather, especially now that climate change is becoming obvious, which is the condition in outer space.

“Cosmic rays are everywhere and it has to do with the earth, and it is useful in studying the climate but is yet to be fully impacted because it is ongoing research.

“That is why we hope that with the measurements, we are taking with the muon detector, we will be able to have effective predictability of our climate system,’’ he said.

Rabiu, while speaking on space weather activities in Africa, said it dated back to 2004 with the distribution of manometers across Africa by donor agencies.

He said that although few countries in Africa had their Global Navigation Satellite System (GNSS) receivers, the continent needed more monitoring systems for space weather.

Prof. He Xiaochun, director of Physics, at GSU, USA, said the project was targeted at exploring living in space, understanding it, and its adaptation, and providing information for stakeholders to protect and make informed decisions.

Xiaochun explained that cosmic ray radiation, mostly proton particles, is produced far in deep space and gets into the solar system and produces cosmic ray showers in the earth’s upper atmosphere.

“We measure the shower particles at the surface of the earth and decode the state of the space and earth weather.

“One needs a network IP address to be able to share data and reconfigure the detector with remote access,” he said.

Dr Bonaventure Okere, director of the Centre for Basic Space Science and Astronomy, said that the facility would aid astronomy studies and enhance research and development in that area.

The symposium highlighted cosmic radiations, how it interacts with the atmosphere, and environments, the impact of climate change, and how such radiations could be studied and analysed using the cosmic rays muon detector.

The meeting also discussed the need for stakeholders to make informed decisions on the reduction of gas emissions and having clean air for sustainable human development.

 

 

 


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