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LCCI Unveils ICTEL Expo ’17 Theme, Dwells On Digital Economy

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Dr. (Mrs.) Nike Akande, LCCI’s president flanked by other executive members of the Chamber at the public unveiling of ICTEL Expo 2017 programme in Lagos, on Thursday
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The Lagos State Chamber of Commerce and Industry (LCCI), the premier chamber of commerce in Nigeria founded in 1888, has officially inaugurated its 2017 Information Communication Technology Expo (ICTEL EXPO).

The Expo with the theme, “The Digital Economy-Strategies for Growth in a Connected World” will provide a platform that unites all players in the Nigerian Information & Communication Technology sector towards a greater contribution of ICT to national economic development.

Speaking at the ceremony in Lagos on Thursday, Dr. (Mrs.) Nike Akande, LCCI’s president affirmed that the Information & Communication Technology sector has continued to drive entrepreneurship, innovation and sustainable business models in Nigeria and beyond.

“Technology-backed service delivery and mobile payment solutions”, Dr. Akande said, “have transformed the way we do business today. The ICTEL Expo is a veritable platform to explore new technology possibilities and trends.

“The ICT sector can contribute more to our national development if the needed infrastructure and policies are in place. We urge the government and private sector to consider the model of Public-Private-Partnership to mobilize needed investments for necessary and critical infrastructure with government providing a conducive policy environment where ICT business can thrive”.

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She also extended LCCI’s appreciation to various partners, sponsors and exhibitors whose contributions have sustained the Expo “and we look forward to more support for the 2017 ICTEL EXPO which has been scheduled for 25th to 27th of July, 2017 at the Eko Hotel and Suites”.

On his part, Mr. Sola Oyetayo, chairman, Trade Promotion Board, LCCI, said that the three-day Expo offers information, inspiration, innovation, optimal brand exposure and a platform for diverse business and investment opportunities.

Mr. Oyetayo said that there will also be conferences to address the current trends in the ICT sector and an overview of government policies and how business has been impacted by these policies.

“Best practices in ICT regulations would also form a critical part of the discourse at the various scheduled side-events during the EXPO”, he added.

The ICTEL EXPO is a specialized annual exhibition organised by the Lagos Chamber of Commerce and Industry with the full endorsement and collaboration of the Federal Ministry of Communication Technology, the Federal Ministry of Science and Technology, Lagos State Ministry of Science and Technology, Nigerian Communication Commission (NCC), and the Nigerian Information Technology Development Agency (NITDA),

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Others are, Computer Society of Nigeria (CON), Nigeria Internet Group, Association of Licensed Telecommunications Operators of Nigeria (ALTON), Nigerian Internet Registration Association (NIRA), Internet Exchange Point of Nigeria (IXPN) and Computer Professionals Registration Council of Nigeria (CPRCN), among others.

“This year’s edition is being packaged to deliver added value to all stakeholders involved in the project. With this unveiling ceremony today, we call on our esteemed partners to commence preparations towards their full participation at the Expo. Negotiations and talks for possible sponsorships and participation have commenced. The march towards a more successful ICTEL EXPO is beginning today and you all are part of this march”, he added.

The Chamber promotes Trade and Industry and also represents the opinion of the business community on matters affecting Trade and Industry of Lagos State and where applicable the whole Federation.

 

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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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