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ICT Stakeholders, CEOs to Make Projections at ICT Impact CEO Event

Information and communications technology stakeholders and the best of Nigerian chief executive officers are set to make projections at the annual edition of ICT Impact CEO Forum on September 24, 2021.

Statement from the organiser of the event and signed by the Editor-in-Chief of ICT Watch magazine, Tayo Adewusi, said the Impact CEO Forum is envisioned as the foremost meeting point for top-level executives to assess how technology influence their businesses and “project into the future.
It is a must-attend event for those interested in the deployment of ICT to improve efficiency and productivity, he said.
The event would “demonstrate that almost all things can be tested, measured and improved,” he said and added that “how government and businesses can work with good data beats philosophy”.
Themed “Data, the New oil of the Digital Economy”, the forum would accommodate various players in the industry including regulatory bodies and government officials. The event which would hold virtually “will be employed to push the digital economy agenda of the Federal Government”.
Dr. Isa Pantami, the Minister of Communications and Digital Economy, would be the special guest at the event while the Governor of Ondo State, Arakurin Oluwarotimi Akeredolu will be the Chairman of the Occasion and deliver a welcome address. The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta would deliver a keynote.
Commenting on the theme, Adewusi said data in the 21st century “is like oil in the 18th century. It is an immensely, untapped, valuable asset. It is oil for those who view the data’s fundamental value and have learnt to extract it and use it”.
According to Adewusi the latter is an established platform where distinguished individuals, government agencies and state governors who have “deployed the potent power of ICT to execute ideas are recognised and honoured”.
At the event, eight lead papers would be presented. The Chief Executive Officer of MainOne, Ms Funke Opeke would speak on why data is the new oil in the digital economy? While the second lead paper would be addressed by the President of Medallion Communications, Engineer Ikechukwu Nnamani who is also the President of ATCON.
The Director-General of the National Information Technology Development Agency (NITDA), Mallam Kashifu Abdullahi would deliver a paper on ‘the Nigerian Data Protection Regulation and the Future of Data Governance.
Prof. Muhammed Abubakar, the Managing Director of Galaxy Backbone, is expected to present a paper on ‘How to Make Your Leadership Data Literate’, while the Chief Executive Officer of VDT, Engr. Biodun Omoniyi would deliver a paper on ‘Measure What Matters: the Art and Science of Measuring the Success of Your Data. The Managing Director of Inlaks, Engr. Femi Adeoti is billed to present a paper on ‘Business Data Analytics: the Business Side of Using Data for Decision making.
Other speakers are the CEO of MTN Nigeria, Karl Toriola. He would speak on Skills for the Next Generation of Data Professionals. The Co-founder and Chief Operating Officer of Digital Encode, Dr. Adewale Obadare would address the Challenges of Cybersecurity in Data Protection as we Leap-frog into the Digital Economy.
Expected at the event are Nigerian Communications Commission (NCC); National Information Technology Development Agency (NITDA); National Broadcasting Commission (NBC); Nigeria Communications Satellite Limited (NIGCOMSAT); National Office for Technology Acquisition and Promotion (NOTAP); Galaxy Backbone Limited; and Association of Telecom Companies of Nigeria (ATCON).
News
Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

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.

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.
“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.
News
NAICOM Issues New Licences to 43 Recapitalized Insurers

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.
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.
News
Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

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.

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.
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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