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SeerBit Leads the Charge @DevFest Lagos 2024 with Cutting-Edge Solutions

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SeerBit, Africa’s most trusted payment solutions provider, has reaffirmed its pivotal role in shaping the future of the technology industry by impacting one billion lives at DevFest Lagos 2024 hosted on 15th and 16th November 2024 at Landmark Centre, Victoria Island, Lagos.

An annual conference organised by the Google Developer Groups Lagos (GDG Lagos), the highly interactive two-day event brought together developers, tech leaders, enthusiasts and innovators from all over Africa and beyond.

Through various workshops, focal sessions, and product showcases, attendees explored the latest advancements and conversations shaping the tech landscape.

As Gold Sponsor of the event, SeerBit reaffirmed its dedication to advancing Africa’s developer ecosystem through the brand’s strategic thought leadership, innovative solutions and Pan African capacity-building initiatives.

On respective days of the event, Olaolu Akintoye, Engineering Manager and Babajide Shoyebo, Senior Product Manager, both from SeerBit, took centre stage as they shared relevant knowledge on key topics shaping the evolving role of technology in driving business and economic growth.

Akintoye, who spoke on the topic – Building Resilient Systems: Flexibility and Adaptability – took attendees through a revealing session into resilience and chaos engineering, as well as the importance of building systems that can adapt and remain stable in the face of disruptive events and actions.

On his part, Shoyebo contributed invaluable nuggets as a panellist in a session that focused on the essence of balancing innovation, agility and compliance in building sustainable businesses. Drawing relevant instances from SeerBit’s operational standards, Shoyebo demonstrated the need to ensure a healthy mix to future-proof businesses.

Equally important, both resource persons shared insights into how SeerBit is utilising cutting-edge technology to simplify payments, while seamlessly addressing payment fragmentation and availability gaps for businesses and their customers across Africa.

“For SeerBit, sponsorship is more than financial support. It’s about accelerating progress in the tech space,’’ disclosed Omoniyi Kolade, Founder and CEO of SeerBit. ‘‘Technology has demonstrated its incredible power to transform lives and developers are the visionaries driving that transformation.

DevFest Lagos 2024 provided the perfect platform for us to engage, inspire and empower developers with the tools and support they need to drive this change. Our goal of impacting one billion lives reflects our long-term commitment to contributing significantly to growth and development within and beyond the tech industry,” he added.

One of the highlights of SeerBit’s participation was the exposure of a memorable brand video which reflected the brand’s visionary ideal in helping businesses of all sizes scale at the speed of commerce and technology.

Also catching the attention was the company’s booth which remained a major attraction point for thousands of attendees, sparking meaningful discussions about integrating SeerBit’s tools into their projects and fostering further growth and impact through the SeerBit community. Crucially, the SeerBit community – SeerBit Developer Community – presents a unique opportunity for attendees to benefit from networking, career growth and hiring opportunities.

The excitement among developers was palpable, with many expressing keen interest in leveraging SeerBit’s products. Afolake Ojo Makinde, a software engineer based in Abuja, attended DevFest Lagos for the first time.

She shared her enthusiasm. “The SeerBit team was incredibly approachable and insightful. Their payment tools are intuitive and I can’t wait to integrate their APIs into my app. It’s inspiring to see a company so invested in helping developers succeed.”

Also lauding SeerBit’s role in the success of the event, was Femi Taiwo, Co-Organiser of DevFest Lagos 2024.

“DevFest Lagos 2024 was an extraordinary celebration of innovation, collaboration and community. With over 3,400 attendees across two action-packed days, we brought developers together to learn, share and grow through technical talks and workshops, led by solid people from within and outside the continent.

“This also created networking opportunities for the community. We’re grateful for the invaluable support of our partners like SeerBit who played a key role in making this event a success and empowering the tech ecosystem in this region and beyond.”

SeerBit’s partnership with the GDG Lagos, organisers of DevFest Lagos 2024, spans several years, aligning with the brand’s mission to positively impact one billion lives through accessible, inclusive and economically empowering digital payment solutions.

The partnership has seen SeerBit supporting various developer-led events hosted by GDG across the country such as Ilorin, Lagos, and Jos, as the brand continues to lead in empowering developers with the tools and resources that they need to create innovative solutions to equip businesses for economic growth.

As part of this project, SeerBit announced further plans to launch several developer-focused initiatives in 2025, including hackathons to challenge and inspire the creation of groundbreaking solutions, capacity-building programmes to train developers, product managers and other tech enthusiasts, as well as seed funding opportunities for standout developer-led projects.

SeerBit is a Pan-African payment solutions provider that makes it easier for businesses and financial service providers to make and accept payments from their customers across Africa. Users have the advantage of enjoying flexible features to fit any business with a single integration.

SeerBit is building a unified payment ecosystem that removes the complexity and fragmentation of the digital payment process in Africa, enabling businesses to seamlessly accept multiple payment methods and streamline online and offline transactions.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Meta Challenges Nigerian Tribunal’s $220M Fine over Data Breaches

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Meta has announced its intention to appeal the decision of the Competition and Consumer Protection Tribunal (CCPT), which upheld a $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) over its data practices.

The penalty follows a 38-month investigation conducted by the FCCPC, in collaboration with the Nigeria Data Protection Commission (NDPC), which ran from 2021 to December 2023.

The investigation found evidence of unauthorised data sharing, insufficient user consent mechanisms, and discriminatory practices that treated Nigerian consumers differently from those in other regions.

In July 2024, the FCCPC imposed the $220 million fine on Meta and WhatsApp, citing violations of Nigeria’s data protection and consumer rights laws. Additionally, the ruling mandated corrective actions to ensure that Meta’s business practices comply with Nigerian regulations.

In a decision delivered on Friday, April 25, the tribunal upheld the fine, reaffirming the FCCPC’s authority and investigative processes. The tribunal also ordered Meta to pay an additional $35,000 to cover the costs incurred during the investigation.

However, Meta expressed disagreement with the tribunal’s ruling, stating in a statement on Saturday, April 26, that it would urgently seek to appeal the decision and apply for a stay of execution.

“We are urgently applying to stay the order and appeal today’s decision to avoid any impact to users,” WhatsApp said.

The company also contested the tribunal’s findings, claiming that the ruling misrepresented how WhatsApp operates and contained inaccuracies regarding its data practices.


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Tribunal Upholds FCCPC’s $220m Fine against Meta, WhatsApp

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Competition and Consumer Protection Tribunal has upheld a $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) on Meta Platforms Inc. and WhatsApp LLC for data privacy violations in Nigeria.

Tribunal Upholds FCCPC’s $220m Fine against Meta, WhatsApp

The Tribunal also awarded $35,000 in investigative costs to the country’s Federal Competition and Consumer Protection Commission .

In a statement issued by the FCCPC, the Tribunal delivered its judgment in the appeal filed by Meta Platforms Incorporated (Facebook) and WhatsApp LLC against the Federal Competition and Consumer Protection Commission (FCCPC), affirming the Commission’s authority and ruling in favour of its actions on nearly all contested issues.

According to the statement by the FCCPC, “The Tribunal specifically determined that the Commission adhered to prevailing laws, fulfilled its mandate, and exercised its powers by the 1999 Constitution (as amended).

“It ruled that the multiple actions by WhatsApp and Meta, for which the Commission made findings of violations, were correctly identified, and that the Commission did not err in making those findings.”

The statement revealed that WhatsApp and Meta’s legal team was led by Professor Gbolahan Elias (SAN), while the FCCPC was represented by Babatunde Irukera.

It added that both legal teams presented their final arguments on behalf of their respective clients on January 28, 2025.

“The FCCPC had on July on July 19, 2024, issued a Final Order imposing a $220 million administrative penalty after concluding that the companies engaged in discriminatory and exploitative practices against Nigerian consumers, the investigation started in 2020.

“The case arose from a 38-month joint investigation initiated by the FCCPC and the Nigeria Data Protection Commission (NDPC) into the conduct, privacy practices, and consumer data policies of Meta Platforms and WhatsApp.

“Dissatisfied with the Order last year, Meta and WhatsApp appealed to the Tribunal, challenging both the legal basis and the findings of the Commission,” FCCPC said.

The Tribunal upheld the FCCPC’s authority and investigative procedures in Meta and WhatsApp’s appeal, resolving most of the contested issues in the Commission’s favour.

It confirmed that the FCCPC acted within its constitutional and statutory mandate, particularly regarding fair hearing, data protection, and consumer rights.

While it dismissed the majority of the appellants’ objections, it set aside one specific order (Order 7) for lacking sufficient legal basis.

While expressing satisfaction with the judgment, Tunji Bello, executive vice chairman/CEO,  commended the Commission’s legal team for their exceptional diligence and forensic expertise in assembling evidence and presenting their case.

He reaffirmed the FCCPC’s unwavering commitment not only to protecting the rights of Nigerian consumers but also to promoting fair business practices in line with the FCCPA (2018) and the Renewed Hope Agenda of the Nigerian government.

 

 

 

 

 

 

 


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Legend Internet Plc Makes History as First Indigenous Telecom Firm on NGX

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Nigerian Exchange Limited (NGX), has made history with the listing of Legend Internet Service Plc  as the first company in its Telecoms sector and the first company to be listed this year.

Legend Internet Plc Makes History as First Indigenous Telecom Firm on NGX

Legend’s N2 billion ordinary shares, with a par value of 50 kobo each, were listed at N5.64 per share.

Dr Umaru Kwairanga, chairman of NGX Group,  who welcomed Legend’s board and management, commended the company for its successful listing on the Exchange

He highlighted that listing signifies an elevated commitment to corporate governance and provides opportunities to leverage the Exchange’s diverse asset classes for capital raising.

He stated, “As we celebrate this listing, with many more in the pipeline, I commend the management of Legend Internet Plc for this remarkable milestone.

“This bold step demonstrates confidence in your business model and growth vision.

It also marks the formal emergence of a broadband service as a distinct sub-sector on our Exchange.

Legend has evolved from a focused digital network provider to a diversified technology player, achieving significant advancements in broadband infrastructure development and data services.

We anticipate continued growth in the future.

“We are still bringing many companies on board the NGX, including Dangote, NNPC and others.

“As Africa’s leading exchange, NGX has consistently championed innovation, transparency and sustainable value creation through our investment in cutting-edge infrastructure and a comprehensive range of product offerings, spanning equities, bonds, ETFs and derivatives

Speaking at the Facts Behind the Listing Ceremony, Dr Ladi Bada, chairman,  Legend emphasised that the company, as the first indigenous telecommunications company on NGX, has substantial value to offer the market.

Bada encouraged Nigerians to embrace the broadband industry, recognizing it as the fastest-growing sector globally.

He noted that the company had been instrumental in laying fiber optic cables connecting 250 homes in the Suleja and Abuja environs.

He expressed optimism that the Exchange would serve as a catalyst to replicate such commendable projects across other regions of Nigeria.

“We are here to create an enabling digital infrastructure to achieve the projected one-trillion dollar economy.

“On this special day, Legend Internet takes a bold step forward, not just for itself, but for the broader ecosystem of technology, infrastructure, and enterprise in Nigeria.

“As we begin this exciting new chapter as a publicly listed company, we do so with humility and boldness.

We remain committed to continuous innovation, expanding our reach, and delivering value to shareholders and society

“A listing on the Nigerian Exchange is more than a financial event. It is a signal and a declaration that a business is ready to be held to the highest standards of governance, performance, and public trust,” he said

Providing insights into the company’s development, Ms Aisha Abdulaziz, chief executive officer of Legend Internet Plc, stated that the company had evolved from an internet service provider to a comprehensive digital service provider.

Abdulaziz noted that with broadband penetration in Nigeria being less than one per cent, Legend Internet was strategically positioned to deepen access

She affirmed the company’s commitment to taking Nigeria’s digital economy to the next level

“When we started Legend, we weren’t just building an internet company; we were building a movement

A movement fueled by the belief that every Nigerian deserves access to premium, reliable, and high-speed internet, regardless of their location or occupation

“From late nights in our first office to laying fiber across Abuja, to launching products that made people’s lives easier and faster, our journey has always been about connections

“Connecting people to opportunities, connecting homes to entertainment, connecting Nigeria to the digital future it deserves. Our journey has always been about a better way to live.

“This listing is a symbol of our commitment to transparency, sustainable growth, and the kind of excellence that outlives hype.

“Legend’s primary focus now is on unlocking digital value at the household level,” she said.

Mr Jude Chiemeka, chief executive officer of NGX, congratulated the company for making the strategic decision to list.

Mr Chiemeka noted that Legend’s listing on NGX now brings the total number of listed securities to 322

Also, Mr Temi Popoola, chief executive officer of the Nigerian Exchange Group, encouraged the investing public to support the newly listed company.

 


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