E-Business
Digital Encode Targets Unicorn Status, Showcases Cutting-edge Cybersecurity Solutions @ AfriTECH 4.0

Digital Encode Limited, a leading Cybersecurity and Governance, Risk and Compliance company in Africa, is proud to announce its sponsorship of Africa Tech Alliance Forum [AfriTECH 4.0].
The event, which is set to take place in Lagos, Nigeria, is one of the most anticipated gatherings of technology enthusiasts, innovators, and industry leaders in Africa. The sponsorship highlights Digital Encode’s unwavering commitment to promoting digital innovation and transformation across the continent.
Meanwhile, Digital Encode, in order to strengthen its global presence and enhance cybersecurity capabilities, recently commissioned a state-of-the-art facility at the Lekki area of Lagos.
This expansion is part of the company’s efforts to fulfil its mission of safeguarding organisations worldwide against cyber threats.
Alongside the new office, Digital Encode has launched the Centre for Information Security Intelligence (CISI), a specialised centre aimed at heightening cyber situational awareness, providing tailored threat intelligence, and enabling collaboration with international cybersecurity organisations.
Dr. Obadare Peter Adewale, the Founder and Chief Visionary Officer of Digital Encode, said, that by proactively addressing emerging threats, the company will enhance the cyber resilience of its clients.
“CISI, Digital Encode’s proprietary solution, enables us to identify potential vulnerabilities in our clients’ environments and deploy targeted countermeasures before adversaries can exploit them.
“This approach minimizes the likelihood and impact of cyber incidents, thereby strengthening the overall cyber resilience of Digital Encode’s clients,” Adewale said.
AfriTECH 4.0, scheduled for November 2024, will bring together stakeholders from various sectors to explore the theme: “Leapfrogging Digital Transformation for Future of Africa’s Economy”. The event will feature panel discussions, exhibitions, and networking opportunities designed to foster collaboration and knowledge sharing among businesses, governments, and tech startups. The conference will focus on emerging technologies such as artificial intelligence (AI), cybersecurity, blockchain, and financial technology (fintech), which are shaping the future of Africa’s digital landscape.
As a sponsor, Digital Encode will showcase its cutting-edge solutions in cybersecurity and digital risk management, underscoring its role as a pioneer in helping African businesses navigate the complexities of the digital age.
The firm will also play a key role in panel discussions on data privacy, cybersecurity, and the importance of compliance in fostering trust in digital systems.
Speaking on the sponsorship, Dr. Obadare said, “We are excited to be a part of AfriTECH 4.0, which represents the forefront of innovation in Africa. Digital transformation is critical to the development of our continent, and we believe that fostering collaborations and sharing knowledge at events like this will accelerate the growth of Africa’s digital economy.”
AfriTECH 4.0 promises to attract a diverse audience of entrepreneurs, policymakers, tech experts, and investors, all committed to driving Africa’s digital future. With Digital Encode’s expertise and leadership in cybersecurity, the conference is set to address some of the most pressing challenges and opportunities in the African tech ecosystem. Participation is Free, but you are required to register via the link here: https://bit.ly/3ZPdi88.
Similarly, Dr. Obadare disclosed Digital Encode’s unicorn status intent during a recent interview with CNBC. The interview aired on Thursday, 10 Oct 2024 13:57:37 GMT.
You can watch it here.
As the driving force behind CISI, Adewale emphasized that the firm solidifies its position as a thought leader in the cybersecurity domain by developing innovative solutions that address the evolving threat landscape.
“Digital Encode demonstrates its commitment to staying ahead of the curve and providing its clients with the most effective cybersecurity strategies,” the statement said.
The CVO underscored the company’s commitment to driving innovation and influencing the direction of the cybersecurity industry.
He added that through the publication of research reports, thought-provoking insights, and active participation in industry conferences and events, Digital Encode aims to inspire innovation and shape the global cybersecurity discourse.
E-Business
CAC to Prosecute Business Owners Operating Without Registration

Corporate Affairs Commission (CAC) has reaffirmed its commitment to enforcing business registration laws in Nigeria, warning that individuals and organizations operating unregistered businesses will face prosecution.
In a statement, the CAC emphasized that conducting business without proper registration violates the Companies and Allied Matters Act (CAMA) 2020, undermining transparency and accountability in the corporate sector.
The commission stressed that registration is not only a legal requirement but also a gateway to formal business opportunities, including access to bank loans, government grants, and partnerships.
The enforcement drive will be nationwide, targeting small and medium-sized enterprises (SMEs), online vendors, and informal traders who have failed to comply despite previous awareness campaigns and registration amnesty windows.
The CAC disclosed that enforcement teams, in collaboration with security agencies, will be deployed to identify and prosecute defaulters.
The commission urged business owners to take advantage of its simplified registration platform to regularize their status, noting that compliance will boost investor confidence and improve Nigeria’s ease of doing business. It warned that ignorance of the law will not be accepted as an excuse.
Business owners are advised to act promptly to avoid legal consequences, as the CAC moves to ensure a more structured and regulated business environment in Nigeria.
E-Business
NCC Vows to Tackle Online Infringement, Block Illegal Music Websites

Nigerian Copyright Commission (NCC) has pledged to enforce its legal obligations to combat online intellectual property infringement and urged commercial music users to obtain proper licences from rights holders or their representatives.
The Commission stated that this ensures creators are fairly compensated, supporting the music industry’s sustainable growth.
In a statement commemorating the 2025 World Intellectual Property Day, themed “IP and Music: Feel the Best of IP,” the NCC announced plans to enforce the Copyright Act 2022, which allows for the takedown of infringing materials and blocking of websites hosting illegal content.
Signed by Mrs Ijeoma Egbunike, director of Public Affairs, the statement outlined an aggressive anti-piracy campaign in collaboration with the private sector, targeting the online environment.
Egbunike affirmed the NCC’s commitment to establishing enforceable standards for transparency, digital audits, and real-time royalty reporting to protect creators’ rights. She stated, “The NCC will continue to champion policies that support the growth of the music industry, improve the livelihoods of Nigerian musicians, and foster a culture of creativity and respect for intellectual property.”
Despite the global success of Afrobeats and other Nigerian genres, the NCC noted that many musicians face low royalty returns due to rampant digital piracy.
To address this, the Commission revised its Collective Management Regulations to enhance transparency and accountability among Collective Management Organisations (CMOs).
The NCC emphasised that proper licensing is a legal obligation and vital for Nigeria’s creative economy, stating, “Music must feel the beat of intellectual property for the full potential of creativity to be realised.”
The Commission highlighted that creators’ livelihoods depend on fair royalty compensation.
Recent enforcement measures include the NCC’s designation by the Attorney-General of the Federation as an authority under the Proceeds of Crime (Recovery and Management) Act 2022.
This, combined with the Copyright Act 2022, empowers the NCC to order takedowns and block illegal music distribution websites.
E-Business
FG Warns Nigerians Against Growing Threat of Cyber Slavery in West Africa

The Federal Government, has warned Nigerians against the growing threat of cyber slavery within the West African sub-region.
The Ministry of Foreign Affairs, in a statement issued in Abuja by Kimiebi Imomotimi Ebienfa, acting spokesperson, noted with grave concern the alarming rise of cyber slavery across parts of West Africa, targeting Nigerian citizens, particularly vulnerable youths.
The government said many young Nigerians, including underage teenagers, were lured out of the country under the false promise of lucrative employment opportunities abroad, particularly in crypto-related operations.
According to the government, “In reality, these individuals are trafficked into sophisticated scam operations and enslaved to work in criminal “call centres” — often referred to as “419 cyber-scam factories.” There, they are forced under coercive and inhumane conditions to send thousands of fraudulent emails, text messages, and calls aimed at defrauding victims worldwide.”
The government also noted with dismay, a recent incident where the Economic and Organised Crimes Office (EOCO) in Accra, Ghana, rescued and detained a group of Nigerians forced to engage in cybercrime activities under inhumane conditions.
“This incident highlights the severe exploitation and abuse associated with cybercrime operations. It also underscores the need for enhanced efforts to combat such multibillion-dollar criminal networks and mitigate the susceptibility of victims.
“The Ministry strongly warns all Nigerians, especially the youths and parents, to exercise the utmost caution when presented with job offers, particularly those promising easy money, overseas travel, or remote work involving cryptocurrencies.
“Nigerians are therefore advised to verify all employment offers through official channels and report suspicious cases to relevant authorities for necessary investigation and action to curtail the activities of the perpetrators.
“The Ministry wishes to assure the general public that, as a precautionary measure to address this unfortunate situation, the Federal Government is working closely with regional partners, law enforcement agencies, and international organizations to tackle this heinous crime, rescue victims, and bring perpetrators to justice.
“The Ministry remains committed to protecting Nigerian citizens at home and abroad and will continue to raise awareness about emerging threats to the welfare and dignity of our people,” the statement read.
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