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SystemSpecs Rewards Winners of Essay Competition

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SystemSpecs, Africa’s leading financial and human capital technology firm, has honoured about 2000 young Nigerians between ages 9 and 16 for daring to dream and articulately sharing in writing, their vision of a Nigeria of their dreams powered by innovative technology.

SystemSpecs Rewards Winners of Essay Competition

The firm has also opened its doors to participants for internship and other placements.

At a recent online event, SystemSpecs bestowed the honour on all entrants in the 2020 edition of its Children’s Day Essay Competition, specially recognised the top three participants, and admitted top 10 participants into the Honour Roll in the junior and senior categories.

The event, which also featured the official presentation of prizes, was attended by participants, their parents, wards, well-wishers, SystemSpecs management staff and the general public.

In his comment, 15 years old Kalu Derrick Ugochukwu of Fosla Academy, Karshi, Abuja who came top in the senior category appreciated the opportunity and expressed his delight at emerging as the overall winner in the senior category.

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“I thank the Almighty God for making this recognition come my way and at this time,” said Ugochukwu. He also thanked his parents and teachers for spurring him on, and SystemSpecs for organising the competition at a time many students longed for such avenues to task their mental capacity.

In his speech, 11 years old Onuoha-Okoro David of St Anthony Grammar School (Private) in Esure, Ijebu Imushin, Ogun state, who emerged first in junior category appreciated God for the inspiration, his parents for the support as well as the organisers of the competition.

John Obaro, managing director, SystemSpecs, said: “Whether yours emerged among the top entries or not, you are a winner. You have made a major leap, added to your feathers and positioned yourself for greater success. You have shown that technology is not only relevant in personal and corporate life, but also in the life of a nation.

Obaro added that SystemSpecs was receptive to admitting the Honour Roll winners and other participants into the organisation for internships and other placements when they are ready for such opportunity.

While noting some of the general areas of improvement observed during the evaluation of the entries, Chukwuemeka Fred Agbata speaking on behalf of the 2020 evaluation panel, noted that he was glad that the competition provided insight into some of the challenges within the education system in Nigeria which need to be speedily tackled.

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“It is important that people realise that education is a lifestyle and not a means to merely pass,” Agbata added.

Young Nigerians more than 500 schools in twenty-nine states and the FCT had sent in about 2,000 entries within a two-week window to participate in the 2020 edition of the competition with the theme, “Nigeria of my Dream: Making it Happen with Technology.”

The SystemSpecs Children’s Day Essay Competition is part of the organisation’s corporate social responsibility of contributing to capacity development in Nigeria for the attainment of an all-round prosperous country.

 

 

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Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

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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.

Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

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.

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“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.

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NAICOM Issues New Licences to 43 Recapitalized Insurers

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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.

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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.

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Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

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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.

Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

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.

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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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