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Chams Unveils Identity Verification Application, ConfirmMe

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(L-r): Mrs. Jameelah Ayedun, managing director, Credit Registry Services, Olufemi Williams, group managing director and Luqman Balogun, deputy managing director, both from Chams Plc, during the formal launch of ConfirmMe in Lagos.
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Chams Plc, Nigeria’s leading identity management firm, has unveiled identity verification software called ConfirmMe, a unified platform which aggregates data from certified institutional sources from which accredited public and private institutions and businesses can verify data (credentials), and also prove identity.

According to Chams Plc, the application is a secure and robust platform for accurate online real-time verification of identity, credit status, academic qualifications and credentials that saves time and money.

Speaking at the application demo event at the corporate office in Lagos, Mr. Olufemi Williams, group managing director, managing director, Chams Plc, said, “The backend of ConfirmMe is powered by robust and reliable data sources because data quality is the single most important factor for the success of a compliant and risk mitigating identity verification solution that will meet market needs. Institutional supporters of the new service include Nigeria Interbank Settlement Systems, Joint Admission and Matriculation Board, Public and private universities, and the Credit Registry, Nigeria’s leading credit bureau institution.”

Williams added that the application targeted at educational institutions, government embassies, employers of Labor like banks, hotels, among others, offers essential benefits such as reduction in cost of verification by institutions; increased revenue for institutions; process improvement and personnel effectiveness; time savings; standardization in processing of qualifications verifications and easier access to qualification repositories.

Mrs. Jameelah Ayedun, managing director/CEO of CreditRegistry Services and Chams partners, described the software as a welcome development as Nigerians can now access their credit reports and credit scores in a safe and secure manner via Chams online platform.

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Ayedun said, “This initiative is in line with our vision of enabling fast, easy access to credit by consumers, entrepreneurs and businesses in Nigeria. It further demonstrates our commitment to promoting credit awareness, improving data quality and securing the credit identity of subjects on the bureau. We are delighted to partner with Chams to provide another trusted platform through which more people can access to their credit reports and credit scores from Credit Registry Services.”

On his part, Mr. Luqman Balogun, deputy managing director, Chams Plc, said “ConfirmMe was deployed to allow institutions verify individual and corporate identity and data from their web browser using a simple and easy to use online portal that is unified. In no small measure, ConfirmMe will accelerate the traditional on-boarding process for new employees, clients and members. It is designed to put an end to the widely adopted time-consuming and labor-intensive manual execution process which usually leads to frustrating delays that have continued to strain business-to-consumer business relationships.”

The launch of ConfirmMe by Chams Plc aligns with the goal of the Central Bank of Nigeria (CBN) and the Bankers’ Committee to unlock the incredible potential of consumer finance offerings for the benefit of all Nigerians by putting in place a strong customer authentication in one fast and safe solution that mitigates fraud, meet complex new regulatory requirements, while saving time and money.

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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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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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