Telecom
NITDA Mulls Review of its Act to Align with Digital Economy Ideals

Mallam Kashifu InuwaAbdullahi, director general, National Information Technology Development Agency, NITDA, on Wednesday, presented a proposal for the realignment of ‘NITDA Act 2007’ with the tenets and ideals of Digital Economy Policy of the current administration, and indeed, the 4th Industrial Revolution before the relevant committees of both chambers of the National Assembly.
Making a valid point before the legislators, Mallam Abdullahi asserted that our technology driven world is filled with promises but also challenges.
He clamored for the need to keep up with the trend of accelerating changes within the IT ecosystem by stressing the need for the review of the ‘NITDA ACT 2007’.
He also hinged the need for the review on President Muhammadu Buhari’s transformation agenda and Digital Economy policy.
The DG started by explaining how, in today’s world, people rely on different social media handles to make informed decisions.
He cited the example of Google for definition/meanings, news report, or navigation; NETFLIX for recommendation on trending movies; AMAZON or ALIBABA sites for what to buy; as well as other social media handles like Facebook, Twitter, Instagram, etc.
He explained further on the volatility of the human species, saying; “The kind of information we store on our phones and other technological gadgets make the human brain susceptible to the possibility of being hacked”.
While expressing concern over the vulnerability of human species which he said is being threatened by the emerging technologies; he posited that; “Technology disruption is the most disturbing and the least understood”. Adding that; “Technology is taking over the only thing that differentiates us (humans) from other animals”.
He stated that, the era is marked by advancement in digital transformation and artificial intelligence,as he made reference to Mckinsey Global Institute’s latest report ‘on what the future of work will mean for jobs, skills and wages’, that postulates the displacement of about 20,000 million jobs by the year 2030.
Mallam Abdullahi submitted that, keeping up with the global pace has compelled the need to urgently mutate and realign the current ‘NITDA ACT 2007’ to meet the present outlook of the emerging technology in order to secure a place for Nigeria in the emerging global digital economy and 4th industrial revolution.
He concluded by appreciating all the Senators, Honourable Members, and representatives from the office of the Attorney General and Ministry of Justice for their presences and contributions.
He charged them to become the pivotal of the 2021 NITDA ACT that would position Nigeria into becoming a leading digital economy in Africa and major player in the global arena.
The Chairman, Senate Committee on ICT and Cybercrimes, Senator Yakubu Oseni, in his remarks, affirmed that the ICT revolution has accelerated the pace of globalization.
He agrees with the DG that Nigeria cannot afford to lag behind. He promised that his committee will work assiduously with the house committee and other relevant stakeholders to ensure accelerated passage of the new amendment act for NITDA.
“The world has moved into the blazing digital ecosystem, accelerating at the speed of light, with very effective and disruptive innovation and models, such as; Internet of Things (IoT), Big Data, Robotics, Machine learning, Cloud Computing, Artificial Intelligence, Blockchain implementation and other emerging technologies…”he explained.
He further emphasized that there is ardent need to raise the bar for digital readiness, in order to benefit from the unending economic and developmental opportunities that it presents.
The Senator applauded the NITDA move towards improving its digital space and pledges the support of his committee to the actualization of passing the bill into law.
While delivering his own remarks, Hon. Abubarkar Lado, the Chairman, House of Representative Committee on Information and Communication Technology, added that, the importance of making all necessary amendments in regards to enacting an enabling law for NITDA, as the Apex body in regulatory and development of ICT in Nigeria, is long overdue.
He said, in a sector where technology changes almost every minute, the legislation should be robust enough to accommodate the nature of the ecosystem. He also promised the support of his committee in the passing of the NITDA Amendment bill into law.
Telecom
MTN Says New N6.98 USSD Charge Won’t Affect Airtime Recharge

Lynda Saint-Nwafor, chief Enterprise business officer, MTN Nigeria, has assured the network subscribers that the new end-user billing system for the use of USSD services will jot affect them.
USSD, otherwise Unstructured Supplementary Service Data codes are commonly used for banking transactions, airtime recharges, and other mobile services.
The telco said that there is no significant impact or change other than the fact that they will now pay the same N6.98 per session (120 seconds) with their airtime instead of direct bank debit.
Saint-Nwafor, said this during a chat with MTN MIP fellows, explaining that the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have ordered telecom operators to ensure that the new billing model resolves trust issues and ensures transparency in the billing process.
“Our regulator insisted that at the end of every month, we are going to be providing history and statistics on the performance of the service across the board”, she explained.
Saint-Nwafor added that the new billing model has standardized messaging across all operators and ensures consistent communication with customers.
“We will take all the error codes and map them into messages that are standardised across the board. So, if you initiate a transaction, you will know if it is failing. And, when the transaction fails, you will know if it is from your bank or the telco,” she explained.
Telecom
Crypto Scam Unmasked: U.S. Recovers Record $225m in Global Fraud Bust

The U.S. government has recovered $225 million in what is now the largest seizure of funds linked to a cryptocurrency investment scam.
In a statement released Wednesday, June 18, the U.S. Attorney’s Office said the recovery followed an extensive investigation by the FBI and the U.S. Secret Service, using blockchain analysis and other forensic tools. The statement did not confirm whether any arrests had been made.
According to the authorities, the stolen funds originated from fraudulent cryptocurrency investment schemes that tricked victims into believing they were making legitimate investments. More than 400 individuals around the world, including dozens in the United States, were reportedly affected.
The operation involved a sophisticated money laundering network that carried out hundreds of thousands of blockchain transactions to obscure the source and ownership of the stolen assets.
“These scams prey on trust, often resulting in extreme financial hardship for the victims,” said Shawn Bradstreet, Special Agent in Charge at the U.S. Secret Service office in San Francisco.
Bradstreet added that U.S. officials hope the recovered funds can eventually be returned to the rightful victims.
Cryptocurrency investment fraud accounted for over $5.8 billion in reported losses in 2024 alone, according to the statement.
Telecom
Nnaemeka Ani Calls on African Techies to Rewrite the Narrative

In a rousing declaration that is electrifying minds across the continent, Hon. Nnaemeka Ani, Special Adviser on ICT to Enugu State Governor, Dr. Peter Mbah, has called for a homegrown digital revolution under the banner “Africa Will Rise: By Code, By Courage, By Us.”

Hon. Nnaemeka Ani
The message, part challenge, part philosophical—seeks to galvanize African innovators to move beyond buzzwords and build technology with impact and legacy in mind.
“Let’s stop building for hype. Let’s start building for legacy,” Ani urged while speaking to ICT journalists over the weekend. “Let’s stop waiting for someone else. Let’s start creating the future—on our own terms.”
At the heart of Ani’s vision is a shift from tech consumerism to tech authorship. With innovation hubs sprouting across cities like Enugu, Lagos, Kigali, Jo’Burg, and Nairobi, and a growing community of developers, engineers, and entrepreneurs determined to solve Africa’s unique challenges, the movement is already taking shape.
Ani emphasized that Africa’s future lies not in flashy apps or international admiration but in persistent, intentional solutions that uplift communities—solutions that digitize public services, bridge rural-urban divides, empower women and youth, and build resilience in food and climate systems.
“We have the talent,” he said. “Now it’s time to harness it—to stop building for likes and start building for lasting impact.”
With support from leaders like Ani and rising momentum in Africa’s tech corridors, it seems that a new chapter is being written—one line of code at a time.
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