Connect with us

News

IIM Annual Lecture To Address Transparency, Accountability & Good Governance

Published

on

Dr. Oyedokun Oyewole, president /chairman Governing Council Institute of Information Management (IIM) Africa
Kindly share this post

The Institute of Information Management (IIM) 2016 annual lecture has been slated to address the place of data harmonisation to entrench transparency, accountability and good governance in the Country.

The Institute has also announced plans to honour different stakeholders in Nigeria and other parts of the world including past and present public office holders, captains of industries including leaders across the various sectors of the economy during the annual lecture, Induction & Award ceremony with the theme: “Leveraging On Proper Information Management As Basis For Promoting Transparency, Accountability and Good Governance In Nigeria”.

Speaking on the annual programme, Dr. Oyedokun Oyewole, president /chairman Governing Council Institute of Information Management (IIM) Africa, said that  in view of the several challenges the Federal Government of Nigeria is faced with today coupled with the massive amounts of data that they must process, harmonised and integrated in order to meet mission requirements and deliver relevant, consistent, and current information to other government entities and the constituents they serve, there can’t be a better time for this all important annual lecture than now.

Oyewole, said that accountable governance, the fight against corruption, and improved service delivery depend upon the availability of good quality information about decisions and actions.

According to him, poor quality data, information and records will lead to missed opportunities to maximize the full value of publicly funded projects and programs.

“The recent drive by the present administration to fight corruption, promote transparency and good governance can only succeed if government have unhindered access to quality information.

“It is obvious from recent happenings in government that Nigeria as a nation is yet to have fully control over the records and information being generated, used and transmitted by the government, as government struggle to manage their public records in accordance with international good practice standards. Most often, basic records and information management controls are not in place.

“Without these controls, records are likely to be incomplete, difficult to locate and authenticated. Where they exist, they can be easily manipulated, deleted, fragmented or lost,” he said.

The President / Chairman Governing Council, IIM-Afruca added that poorly kept records, resulting in inaccurate or incomplete data, can lead to misunderstanding and misuse of information; cover-up of fraud; skewed findings and statistics; misguided policy recommendations and misplaced funding, all with serious consequences for poverty reduction and economic development.

“Managing public sector records as a basis for accountability, transparency and good governance is a systemic issue rather than an issue relating to any particular records type.  A reliable and accessible evidence base is vital for all aspects of open government, particularly the right to information and open data, which are dependent upon the ability to access reliable records and information.  Records management will not in itself achieve transparency, but without it, transparency is not possible.

“Every public sector policy maker, auditor, court official and fraud investigator knows the importance of being able to find, use and trust official records as evidence of policies, actions, transactions, expenditure, precedents, rights and entitlements. 

“Most citizens know how important it is to have proof of their rights, for instance land rights or rights in court.  And yet, in many government entities,  records are difficult to locate and to trust”, he said.

Records, as defined in international standards, are any ‘information created, received, and maintained as evidence and as an asset by an organization or person, in pursuit of legal obligations or in the transaction of business.  They may be in any medium, form, or format’ (ISO, 2011).

“It is increasingly important to link together all of the official information required as records, whether it is entered directly in a database, maintained as a digital record or kept on a paper file.

“Well-managed records and information provide clear and durable evidence of what the government has promised, what it has done, what services it has provided and how it has spent public funds. Weak records controls result in an ad hoc, potentially misleading national evidence base that opens opportunities for manipulation, corruption and fraud; weakens citizens’ ability to claim fair rights and entitlements; undermines the ability to plan and monitor policies and services; and makes it difficult to open records and information effectively. 

‎”The quality of the records and information, especially new forms of digital records, depends on the strength of the control regime, including laws, policies, practices, structures, and skills as developed through professional collaboration between government and professional institutions like the Institute of Information Management which would eventually engender quality records management standards in government,” he explained.

Dr. Oyewole said that as digital information systems replace paper-based systems, it is essential that records in digital form are capable of providing the evidence upon which governments and citizens depend. 

He said that inaccurate or incomplete records can result in misleading data that can reduce trust in the government. 

“In developing records and information management commitments, government should clearly state how records and information management will serve to make government more transparent.  Introducing a records control regime or upgrading systems to streamline procedures without actually making information available to the public does not make governments more transparent. Government should be committed to increasing transparency and access to information, and should therefore ensure appropriate powers, resources and enforcement procedures are in place to facilitate data and information sharing amongst various government agencies.

Without good quality records, which, in turn are the result of well-functioning records and information management systems, governments can find it difficult to operate efficiently, to prevent fraud and corruption, or to protect their citizen.

“The availability of trustworthy records is, therefore, an essential foundation of the systems designed to deliver good governance and services to citizens leading to positive development outcomes. If records and information management systems do not function properly, neither can these other systems”.

Aside the Lectures, the event will also feature the conferment of the Institute of Information Management (IIM) Fellowship on individuals who have made substantial contribution to the development of the Information Management and Technology profession, its practices or the Institute  of Information Management itself and Honorary Fellows on other professionals with backgrounds outside of Information Management field but are identified as having made significant contributions that impact on the profession and the society or the Institute of Information Management.

Dignitaries expected to be honoured at the event include The Honorable Minister of Information and Culture, Alhaji Lai Mohammed, Oba Adeyeye Enitan Ogunwusi (Ojaja II), The Ooni of Ife (Royal Father of the Day), Bernadette Bosse – Chairman and CEO of the Board, Certified Document Management Association, Canada, Engr. Aliyu Aziz Abubakar, Director General, National Identity Commission (NIMC), Abuja, Prof. Ibrahim Garba – Vice-Chancellor, Ahmadu Bello University (ABU), Zaria, Peter D Komarkowski –  President Data Protection Association, USA,  ACM Nsebong Charles Akpabio – Assistant Corps Marshal, Federal Road Safety Corps Zonal Commanding Officer, FRSC Zone 2 Command, Headquarters Lagos as well as many other MDs and CEOs of major Institutions, Information Management and Technology firms among others.

Other categories of inductees include Graduate, Associate, Professional, Senior Professional and Corporate.

Special awards will also be presented to individuals and organisations who have performed credible well in the industry.

The Institute of Information Management (IIM) is the premiere professional membership driven Institute in Nigeria and Africa, approved by the Federal Ministry of Education (FME) with the consent of the Attorney General of the Federation serving the emerging field of Records, Information, Archives, Data, Security, and Document Management Professionals, with partnership and affiliation with different international organizations like the Information and Records Management Society (IRMS), UK, Professional Evaluation and Certification Board (PECB), Canada, Online Business School UK,  The International Association of Privacy Professionals, The International Records Management Trust UK, Information Requirements Clearinghouse USA, Information Governance Conference USA, Tribal Group, Information Matters etc.

The Institute of Information Management is strategically positioned to help government and professionals in both public and private organizations in Nigeria and Africa to develop the required frameworks, tools and culture needed to build capacity by improving professionalism in this essential field, as required in various disciplines including finance, administration, engineering, construction, project management, procurement, IT, communications etc.

Sound policy, clear standards, competence, certification, research and effective processes are all aspects of first-class information management programs that the Institute of Information Management unique faculties has got to deliver through our various learning and professional development programs, aimed at empowering information management professionals globally.


Kindly share this post

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.

Continue Reading
Advertisement
Comments

News

NIA Questions Legality of Reps’ Financial Probe

Published

on

Kindly share this post

The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.

In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.

It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.

The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.

In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.

“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.

“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.

“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”

Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.

“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.

17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.


Kindly share this post
Continue Reading

News

Horn of Africa Leaders Seek Enhanced Digital Integration for Increased Regional Growth

Published

on

Kindly share this post

Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th Ministerial Meeting of the Horn of Africa Initiative (HoAI).

Held in Nairobi, on July 14, the meeting was co-chaired by the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo and Somalia’s Minister of Finance, Bihi Iman Egeh. Discussions underscored the critical role of digital integration in reducing trade barriers, boosting government service delivery and creating employment — particularly for the region’s youth.

“Digital technologies are shaping today’s economy and tomorrow’s industries. By embedding these technologies into our programs, we can not only improve inclusion but also leapfrog outdated development models,” said Nwabufo.

She called for digital integration a “central enabler” in each of the Horn of Africa Initiative’s pillars – trade, infrastructure, resilience, and human capital,

Learning through experience

Drawing from global and regional success stories, speakers highlighted the transformative potential of technology-led development. The ministers pointed to the Philippines as a strong example, where ICT has generated millions of jobs in business process outsourcing. Similarly, Kenya’s fintech innovation—especially the success of M-PESA—was cited as a model for scaling digital financial services across the region.

Participants urged governments to proactively foster digital ecosystems by capitalizing on the demographic dividend, identifying infrastructure upgrades, tighter regulatory reforms, and digital skills trainings as priorities to enable broader participation in the digital economy.

Minister Egeh reiterated the need for more coordinated regional efforts to create the enabling environment required for accelerated digital integration and expansion. He referenced the HoAI Digital Policy Matrix, adopted in 2023 which provides a blueprint on how to address key obstacles to achieving effective digital integration across the region.

Barack Makokha, Kenya’s Cabinet Secretary for National Treasury, underscored the importance of regionally-aligned public private partnerships and advocated for blended financing to reduce investment risk and expand digital access in underserved areas.

World Bank Vice President for Eastern and Southern Africa, Ndiame Diop, called for a comprehensive multi-pronged approach, combining cross-border coordination, large-scale financing, robust policy support, and digital infrastructure investments. He pointed out that such measures could transform digital integration into, “a powerful engine of economic transformation” for the Horn of Africa—ensuring no one is left behind in the digital era.

The meeting concluded with a shared recognition that sustained political will and the determination to implement a multifaceted approach are essential to unlocking the region’s economic potential and driving long-term growth.

The event also welcomed observers from the East African Community, Agence française de développement, and Shelter Afrique, reflecting strong regional and international backing for the HoAI in the development community.


Kindly share this post
Continue Reading

News

CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency

Published

on

Kindly share this post

Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.

Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.

The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.

It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.

Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.

He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.

According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.

“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.

“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”

The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.

He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.

Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.

“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.

“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.

“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.

The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.

All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.


Kindly share this post
Continue Reading

Trending