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Foreign Firms Carting Away Nigeria’s Revenues

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Nigeria’s foremost industrialist, Aliko Dangote was recently quoted as saying that “Nigeria is the best kept secret in the world.

Anybody who does not invest in Nigeria only has himself to blame, going forward. I do not really know of any place where you can make as much money as you make in Nigeria.”

Dangote’s assertion may explain the recent proliferation of foreign firms in Nigeria in every sector of the economy more than ever before. In a slow but steady manner, foreign firms have entrenched themselves into key facets of the Nigerian economy; from Aviation to Banking, to Construction, to Entertainment, and even Telecoms. Foreign companies are making a big onslaught in Nigeria’s lucrative market.

This is not a call to discrimination against foreign firms in Nigeria. At the moment, Nigeria seems to have been lulled into a widespread and deepening surrender. This is a “call to arms.” We must neither ban foreign firms nor impede them.

But, we must match them with the best. We must also recognize that, wherever possible and necessary, Nigerian firms must be given priority over foreigners. Non indigenous firms should not receive in Nigeria the concessions that Nigerians cannot receive elsewhere in the business world.

Let us take a compass through the Nigeria telecommunications industry. By the estimate of the International Telecommunication Union’s (ITU) Nigeria telecommunications industry remains the fastest growing in the world for more than five years. Little wonder it is still the investors’ preferred destination.

Foreign Invasion of Nigeria’s Telecoms Sector
Since the Nigerian Communication Commission (NCC) issued licenses to certain private operators in 2001, the Nigerian telecommunication sector has been dominated by private participants.

What is however observable is the dominance of the sector by Multinational Corporations (MNCs) among the private participants, with very few indigenous participants. There are currently 4 mobile operators in Nigeria- MTN from South Africa, Bharti Airtel from India, Etisalat from United Arab Emirates, and Globacom which is the only indigenous firm in this sector, alongside the newest entrant – Ntel.

According to the statistics released by the Nigerian Communication Commission (NCC), in the first quarter of 2016, the communication market is dominated by MTN with 38.70 percent of subscribers. It is followed by Globacom with 23.48 percent of the market; Airtel with 22.98 percent of the market; while Etisalat accounted for a total of 14.84 percent of the market.

The statistics simply reveals that Nigeria ownership only accounts for a paltry 23.48% of the Telecoms sector that contributed about 8.83 percent to GDP in Q1, 2016. The implication of this is that the billions of dollars made by these foreign firms from Nigeria and Nigerians are repatriated to their various local economies.

There is nothing absolutely wrong in reaping the rewards of one’s investments regardless of where the investment is domiciled; after all, Nigerians have multibillion Dollar investments littered across the globe. The bone of contention here is that the foreign firms are not playing on a level playing field with their indigenous counterparts. Non-Nigerians should not be given a head-start vis-à-vis Nigerians in the Nigerian economy, especially in those areas where Nigerians are more than able to make useful contributions. If Nigerians end up being discriminated against in Nigeria, it means we are effectively orphans in our own country.

Lessons From Other Climes
It is public knowledge how Chinese telecom equipment manufacturers were barred from operating in America under the guise of national security and data leakage. In reality however, the ban was a disguise to protect competing American companies like, Cisco, Lucent and the likes. The American government largely patronizes made in America products.

This is also applicable to China and European governments who only buy indigenous products. While international products are sold in China, there is a minimum local content requirements, which implies foreign companies must build factories there in order to trade.

Nigeria should learn from these countries. Where a local firm can perform just as well as the foreign ones, it should become a matter of policy for public interest to patronize local firms for big government jobs. The fixation on expatriate senior management staff by these big firms who repatriate our hard earned dollars to their countries is also worrisome.

For me, the underlining issue is the fact that the Nigerian government gives these foreign firms preferred treatment over local firms. The clamour for change must start from the top. Government and its agencies must learn to first engage leading Nigerian owned firms for executing national contracts in order to grow and encourage local content and save the economy.

If Nigerians do not buck up and take charge, the country might wake up sometime in the nearest future and discover that, out of indolence; lack of imagination and dearth of enterprise, we have surrendered the commanding heights of our economy to the hands of neo-colonial masters.

At a time the Federal government of Nigeria is clamoring for revenue generation and retention to fund the budget deficit, foreign firms are sucking the country dry and carting away billions of Dollars from Nigeria to their respective economies. Apart from the fact that this has increased the rate of capital flight in the country, it also renders the citizens, who are supposed to be the major beneficiaries of such investment impoverished and wholly despondent.                                                               

 


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Nearly 90% of Organizations Prefer Outsourced or Hybrid Models for their SOC

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Most companies choose to outsource at least part of their Security Operations Center (SOC), with a significant number adopting SOC-as-a-Service (SOCaaS), according to global research by Kaspersky.

This strategic move enables organisations to benefit from round-the-clock protection, ensure compliance with regulatory standards and leverage advanced cybersecurity solutions and qualified expertise that are often beyond their internal capabilities.

As cyberthreats become increasingly sophisticated, organisations are rethinking how they build and operate their Security Operations Centers. With this in mind, Kaspersky carried out a comprehensive global survey to identify the main motivations, strategic goals, and potential challenges associated with its planning and implementation¹.

The findings of this research revealed that 64% of companies plan to outsource part of their SOC, combining internal capabilities with external expertise.

Meanwhile, over a quarter of respondents (26%) are ready to fully implement an SOC-as-a-Service (SOCaaS) model. By contrast, only 9% plan to build their SOC entirely in-house, highlighting the growing challenges of maintaining round-the-clock monitoring and attracting qualified specialists.

SOC outsourcing enables organisations to delegate selected SOC functions or even the entire operational cycle to a trusted external provider. This approach can include a variety of services:

Design and architecture of the SOC.

    Deployment and maintenance of SOC technologies.

    Monitoring and analysis by external security analysts.

    Consulting and training services.

Full SOCaaS delivery, where the provider handles detection, investigation and response around the clock.

Most companies prefer maintaining strategic tasks internally, whilst leveraging external teams and advanced technologies for operational and highly technical workloads. Among organisations planning to outsource SOC functions, the most commonly delegated tasks to third-party providers included solution installation and deployment (55%), solution development and provisioning (53%), and SOC design (47%).

When engaging external SOC specialists, companies also showed a clear preference for augmenting specific roles, with first-line analysts (61%) and second-line analysts (52%) being the most in-demand among external specialists. These figures illustrate that companies focus more on frontline and intermediate security tasks, such as monitoring and responding to threats.

Why do organisations choose SOC outsourcing?

The leading motivator for SOC outsourcing is the need for 24/7 protection (55%) – an operational requirement many internal teams cannot sustain alone. Another highly cited benefit is reducing workload on internal IT security specialists (47%), enabling teams to focus on strategic tasks.

Additionally, access to advanced solutions and technologies (42%) and external support to ensure compliance with regulatory requirements and standards (41%) further drive the decision to outsource, highlighting the value of specialised expertise and cutting-edge tools such as XDR, MDR, MXDR and others.

Budget optimisation is important for only 37% of companies – indicating that the primary value of outsourcing lies in improved protection, not just cost savings.

“The trend towards outsourcing SOC functions, whether fully or partially, is primarily driven by the necessity for enhanced operational focus and strategic agility. By shifting routine and technical tasks externally, organisations are able to concentrate on high-value activities such as strategic decision-making and orchestrating responses to sophisticated threats.

“Moreover, this approach often results in considerable cost efficiencies, allowing for optimised resource allocation. Ultimately, this model transforms the SOC into a critical strategic capability, directly contributing to business continuity,” comments Sergey Soldatov, Head of Security Operations Center at Kaspersky.


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DHQ Indicts Brigadier General Abubakar Sadiq, 15 Others in Alleged Coup Plot againt Tinubu

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Defence Headquarters (DHQ) has made public the full names of 16 officers of the Armed Forces of Nigeria indicted by a Special Investigative Panel over alleged serious misconduct, including an alleged coup plot against President Bola Tinubu.

DHQ Indicts Brigadier General Abubakar Sadiq, 15 Others in Alleged Coup Plot againt Tinubu

The officers suspected to be involved in the coup plot include a brigadier general, a colonel, four lieutenant colonels, five majors, two captains, a lieutenant, a lieutenant commander and a Squandron Leader.

Major General Samaila Uba, director of Defence Information, disclosed this on Monday, stating that the panel had concluded its investigation and established that the affected officers had cases to answer.

According to him, the indicted officers will face a military Court Martial in line with established procedures and existing regulations.

Major Gen. Uba said the probe examined the circumstances surrounding the conduct of the officers and identified actions “inconsistent with the ethics, values and professional standards expected of members of the Armed Forces of Nigeria.”

He stressed that the exercise was purely disciplinary and aimed at preserving internal discipline, cohesion and operational effectiveness, adding that the Armed Forces remain loyal to the Constitution and Nigeria’s democratic order.

  • Brigadier General Musa Abubakar Sadiq (Nasarawa, 44th Regular Course)
  • Colonel M. A. Ma’aji (Niger, 47th Regular Course)
  • Lieutenant Colonel S. Bappah (Bauchi, 56th Regular Course)
  • Lieutenant Colonel A. A. Hayatu (Kaduna, 56th Regular Course)
  • Lieutenant Colonel Dangnan (Plateau, 56th Regular Course)
  • Lieutenant Colonel M. Almakura (Nasarawa, 56th Regular Course)
  • Major A. J. Ibrahim (Gombe, 56th Regular Course)
  • Major M. M. Jiddah (Katsina, 56th Regular Course)
  • Major M. A. Usman (Federal Capital Territory, 60th Regular Course)
  • Major D. Yusuf (Gombe, 59th Regular Course)
  • Major I. Dauda (Jigawa, DSSC 38)
  • Captain I. Bello (DSSC 43)
  • Captain A. A. Yusuf
  • Lieutenant S. S. Felix (DSSC)
  • Lieutenant Commander D. B. Abdullahi (Nigerian Navy)
  • Squadron Leader S. B. Adamu (Nigerian Air Force)

 


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Court Fines Airtel N210m for Unauthorised Use of ‘Nigeria Go Survive’ Song

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Justice Ibrahim Ahmad Kala of the Federal High Court, Lagos, on Monday awarded a total of N210 million in damages against Airtel Networks Limited for copyright infringement arising from the unauthorised use of a musical work titled “Nigeria Go Survive.”

Court Fines Airtel N210m for Unauthorised Use of ‘Nigeria Go Survive’ Song

The award comprises N200 million as general damages and N10 million as costs.
In addition to the monetary award, the court issued mandatory and perpetual injunctions restraining Airtel, its management, agents, servants, privies, successors-in-title and assigns from reproducing or further using the musical work, or any substantial part of it, for advertising, promotion, telemarketing, or other business purposes without the licence or authorisation of the copyright owner.

Justice Kala specifically ordered Airtel to remove “Nigeria Go Survive” from its list of songs used for advertising, business, telemarketing and promotional purposes across its network with immediate effect.

The judge held that Airtel’s use of the song without licence or authorisation amounted to restricted acts under the Copyright Act and constituted an infringement of the plaintiff’s copyright.

The judgment was delivered in suit No: FHC/L/CS/1822/2022, filed by Veno Marioghae Mbanefo, producer of the song.

In resolving the sole issue for determination, the court held that the plaintiff proved her case on the balance of probabilities.

Justice Kala noted that a perpetual injunction is granted after infringement has been established and is intended to protect the proprietary rights of the copyright owner and restrain continued infringement.

Accordingly, the court made the following orders: “That Airtel’s unauthorised use of “Nigeria Go Survive” for advertising, promotion and telemarketing amounts to copyright infringement.
“Mandatory injunction prohibiting Airtel from reproducing or using the musical work, or any substantial part of it, for business and promotional purposes.

“Perpetual injunction restraining Airtel from any further unauthorised use of the work.

“General damages N200 million awarded to the plaintiff for losses suffered as a result of the infringement. And N10 million awarded in favour of the plaintiff, considering the duration of the case, legal representation, expenses incurred, and the current value of the naira.

In the writ of summons filed by her legal team led by Clement Onwvenwunor, SAN, the plaintiff sought, among other reliefs, declarations that Airtel’s use of the song without attribution, licence or authorisation breached her statutory rights under Section 12 of the Copyright Act, Cap. C28, Laws of the Federation of Nigeria, 2004.

She also claimed substantial damages for copyright infringement and, in the alternative, requested an order directing Airtel to render an account of profits allegedly made from the infringement under the supervision of the Nigerian Communications Commission (NCC).

Airtel Networks Limited, represented by counsel led by Babatunde Amoo, urged the court to dismiss the suit.

However, after reviewing the exhibits and submissions of counsel, Justice Kala resolved all issues in favour of the plaintiff.

The court refused the plaintiff’s alternative prayer for an account of profits but granted all substantive reliefs relating to infringement, damages and injunctive orders.


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