Telecom
Maida Underscores Benefits of using Robust ICT in the Fight Against Financial Crimes
Dr. Aminu Maida, Executive Vice Chairman and CEO of the Nigerian Communications Commission (NCC), has highlighted the pivotal role of Information and Communication Technology (ICT) in combatting financial crimes.
He noted that financial crimes, ranging from money laundering to cyber fraud, pose significant threats not only to economic stability but also to the security and trustworthiness of entities and individuals.
Dr. Maida noted this during his presentation at the 11th Anniversary Lecture Series of
hasized the profound impact of these crimes on both a national and global scale, necessitating innovative approaches for effective prevention and intervention.
Dr. Maida underscored the critical role of robust ICT systems in preventing, investigating, and mitigating the risks associated with financial crimes. With the rise of digital technologies, the scope of these crimes has broadened, requiring sophisticated solutions. “ICT facilitates real-time monitoring, tracing, and analysis of digital transactions, supported by advanced data analytics, artificial intelligence, and machine learning.
Applications of ICT in Curbing Financial Crimes”.
His presentation highlighted specific ICT applications, including the use of blockchain, instant payments, artificial intelligence, machine learning, data analytics, and automated procedures.
He said the significance of partnerships with financial institutions, utilizing advanced data analytics to identify suspicious patterns and proactively prevent criminal activities.
While acknowledging the transformative power of ICT, Dr. Maida also addressed potential concerns associated with its use in combating financial crimes. These concerns ranged from threats to cybersecurity and algorithmic biases to human capacity issues and regulatory compliance challenges. The importance of continuous adaptation, collaboration, and international cooperation to address these concerns was underscored.
He further discussed the imperative of addressing inclusion and the digital divide, ensuring equal access to ICT services.
He highlighted NCC’s commitment to closing the digital gap through projects aimed at providing affordable and accessible ICT services to underprivileged communities.
“Collaboration among regulatory authorities, continuous improvement and adaptation, and international cooperation are key strategies for effectively tackling financial crimes”, he said.
Dr. Aminu Maida emphasized that while ICT plays a crucial role in combating financial crimes, it is essential to strike a balance between crime prevention and data privacy.
Ongoing investment in ICT solutions, a multi-stakeholder approach involving technology specialists, legal professionals, and legislators, and public education on internet safety were highlighted as crucial components in the fight against emerging criminal methods.
He called for continued collaboration and international cooperation to effectively address the evolving landscape of financial crimes.
Telecom
MoMo PSB, LSSBI Advisory Partner for Seamless Tax Payments
MoMo PSB has announced a partnership with Leadership Strategy Sustainability Business Innovation (LSSBI) Advisory to enhance financial inclusion and streamline tax payments in Ekiti, Nasarawa, and Rivers states.
This collaboration introduces MoMo as the official payment platform for taxpayers, enabling easy and convenient payments via the USSD code *5229#.
Nigeria CommunicationsWeek report that the partnership aims to boost compliance, drive revenue development, and promote financial autonomy for marginalised communities. Key stakeholders highlighted the significance of this collaboration in closing the financial gap and promoting economic growth.
Read Also: MTN Nigeria takes full control of MoMo bank for $4.6m
With this initiative, MoMo PSB reaffirms its commitment to providing accessible and user-friendly financial services to all Nigerians, particularly the unbanked and underbanked populations.
The launch of the USSD code *5229# demonstrates MoMo PSB’s dedication to expanding financial inclusion and promoting digital payments.
Ekiti State officials lauded the partnership, commenting on the convenience of using the MoMo payment platform, while emphasising its potential to increase tax compliance and benefit local communities.
The collaboration is part of a broader initiative to empower citizens with financial autonomy, encourage saving, and promote responsible money management.
As the rollout begins in Ekiti, Rivers, and Nasarawa, MoMo PSB and LSSBI Advisory aim to expand the initiative nationwide, encouraging other states and private sector partners to explore similar collaborations, leveraging technology to improve access to financial services. This partnership marks a new era in tax payment solutions, prioritising efficiency, inclusivity, and financial empowerment for all Nigerians.
MoMo PSB, established in May 2022 as the fintech division of MTN, continues to focus on delivering user-friendly, accessible, and affordable financial services to both new and existing customers across Nigeria.
Telecom
Glo Introduces Instalment Payment Scheme for Purchase of Smartphones
Globacom has unveiled a new device acquisition scheme to enable Nigerians own smartphones and pay conveniently over several months. The scheme is dubbed: “Buy Now, Pay Small Small” and is available in Gloworld shops across the country.
The scheme aims to bridge the digital divide by enabling individuals and businesses have access to the latest smartphones and devices more conveniently. This, Globacom claims, will make customers more connected and more productive.
A press statement released by Globacom explained that it is offering flexible payment options to its customers so they can acquire devices of their choice and spread the cost of these new devices over several months through instalment payments that is manageable for them.
The scheme has a wide range of smartphones and other smart devices from top brands that customers can chose from.
This device financing is available to all new and existing Glo customers who can avail the benefits of the programme when purchasing new devices from Gloworld stores across Nigeria.
Moreover, customers can choose from various payment plans to suit their budget, with tenures of up to six months and special interest rates on all flagship devices.
Globacom said customers who purchase devices under the programme will also be given a data bonus of 18GB for six months, adding that it is focused on customer satisfaction, through ensuring a convenient system of smartphone acquisition for Nigerians.
Telecom
Here’s Your Last Chance to Secure Discounted Starlink Kits @ Konga
Starlink Week at Konga, an exceptional opportunity to acquire reliable satellite internet at a significantly discounted price, ends tomorrow, Saturday, August 31, 2024.
Nigeria CommunicationsWeek gathered that customers now have chance to secure a Starlink kit at an exceptional price and experience the transformative power of high-speed internet.
Throughout the week, Konga has been dedicated to making Starlink’s cutting-edge technology more accessible to Nigerians.
Read Also: Konga Announces Starlink Week: An Opportunity To Own High Speed Internet Kit
The e-commerce giant offered Starlink kits and accessories at reduced prices, along with perks that have made this offer hard to resist.
In addition to the unmatched prices, Konga included free nationwide delivery to ensure that customers from every corner of Nigeria benefited from this offer.
Konga also provided free same-day delivery in major cities like Lagos, Abuja, and Port Harcourt, ensuring that customers can start enjoying their Starlink experience almost immediately.
As Starlink Week draws to a close, this is the final call for those who still need to take advantage of this limited-time offer.
The discounted prices, combined with the exceptional delivery options, represent a rare opportunity to invest in a technology that has revolutionized internet accessibility across the globe.
Konga’s Starlink Week has been more than just a promotional event; it has been a gateway to connectivity, offering Nigerians a reliable solution to their internet needs.
Starlink provides the service you need to stay connected wherever you are in Nigeria.
Take advantage of this exclusive opportunity. Visit Konga.com today or walk into any of Konga’s retail stores to secure your Starlink kit before the campaign ends.
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