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Senator Nwaogu for Microfinance Bank Technology

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Senator Nkechi Nwaogu, Senate committee chairman on banking is expected to be part of the dignitaries that will grace the forth-coming Microfinance Bank Technology Forum being organized by foremost financial services application solution provider, Progenics Corp Limited.

The Senate committee chairman on banking, insurance and other financial institutions, is scheduled to be the special guest of Honour for the maiden event.

While accepting to be a part of the industry-shaping forum that is due to be held in Sheraton Hotel Lagos come 17th of July, the distinguished Senator affirmed that the decision to be a part of the event is in line with the policies of the federal government to encourage and partner with the organized private sector (OPS) that are contributing positively to the growth and development of the nation’s economy. According to her, ‘my committee takes special interest in supporting any group or individual who are in any form adding value to the economic development of the nation, especially in the Microfiance enterprise sector which is targeted at social empowerment and eradication of poverty amongst our people’.

In his reaction, Tony Udoh, managing director of Progenics, stated that the Microfinance Technology forum will benefit immensely from the presence of the distinguished Senator who incidentally has a solid background in the Banking sector as well as having a passion for the development of the microfinance bank sector.

"The overall benefit of the forum is to showcase to the microfinance banks the way and manner technology, especially application solutions, can enhance their operations", he said.

The avenue will also be used to unveil the latest application solution from the stables of Progenics for the Microfinance Banks called SymbolsM®. The application, which will be publicly unveiled during the technology forum, is coming into the market with tested modules that benefits from the successes and tested values of Progenics’ highly functional Banking application solution CorpBank®. As a scaled-down version of this robust application, SymbolsM has been designed to be the complete answer to the challenges of the technology requirements of the local Microfinance Banks.


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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.

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CWG Plc Empowers Small Businesses in Nigeria with SME Solution

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Pan-African Information and Communications Technology Company, CWG Plc has said the essence of its Enterprise Resource Planning Solution (SMERP) that runs on the cloud is to empower small and medium enterprises in Nigeria and offer them the required tools to manage their entire business.

Mr. Dolapo Orogbemi, Product Manager for SMERP, who disclosed this recently to the media, noted that with SMEs contributing massively to Nigeria’s economy and creating both direct and indirect jobs, SMERP was designed intentionally to help SMEs thrive.

“Since inception, it has been the number one goal for us here at CWG because we have always identified the potential for SMEs once they are provided with the right support.

Thus, SMERP was designed to make available enabling tools for all SMEs across Africa at a relatively affordable price and to also make their business operations lean where they can save more resources to increase profitability,” he said.

Dolapo explained that in support of SMEs, SMERP has provided an effective ERP tailored to the SME market, providing services such as Inventory Management, E-commerce platform, Accounting, Point of Sale and Customer Relationship Management tool.

He argued that one of the major reasons SMEs don’t survive beyond the early stage of their business is due to inadequate funding to scale the business and this has become a default gap in the SME sector.

But with the CWG’s SMERP solution, SMEs can take proper records of their day-to-day business transactions to present to financial institutions as proof of profitability and project business growth for them.

According to him, SMERP’s competitive edge is based on value to the SMEs where they can have access to a complete ERP solution at an affordable price, stressing that the solution enables each SME with special requirements to execute their business needs.

For more information on SMERP kindly visit www.smerp.ng to start a 14-days free trial.


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ALTON, Medallion, CloudFlex Back NITRA’s Innovation Forum

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More companies have indicated interest in partnering with the Nigeria Information Technology Reporters’ Association (NITRA), as the national umbrella body of ICT reporters accelerates plans towards hosting its annual Innovation Forum in Lagos.

The Association of Licensed Telecommunications Operators of Nigeria (ALTON), Medallion Communication and CloudFlex have now joined the telecoms regulatory body, the Nigerian Communications Commission (NCC) and Digital Encode as partners to the event scheduled to hold as a Webinar on October 15, 2020.

Engr. Gbenga Adebayo, chairman ALTON, while accepting to support the event reiterated how telecommunications operators are helping in the realization of financial inclusion initiative of the central bank of Nigeria (CBN).

Engr. Adebayo, at the event, will also throw more light on other ways the sector is supporting organisations outside of ICT to reposition post pandemic.

The event will discuss the need for a fortified ICT sector after the COVID-19 era. It will also test the level of preparedness of ICT stakeholders to embrace the challenge of post-pandemic economy.

This year’s theme, “Multi-stakeholder Approach To National Recovery Post-Pandemic”, is in line with the annual event’s generic theme, ‘NITRA Innovative Tech Forum’, a contribution by NITRA to the development of Information and Communication Technologies (ICTs) innovations and policies in Nigeria.

The event will also offer participating companies opportunities to publicize some of their individual efforts at contributing to reacting a soft landing or lifeline for SMEs and other ancillary companies as the pandemic threatens their survival.

Remi Adejumo, managing director, CloudFlex, will share insight into how cloud computing could assist organizations to navigate through the business challenges that have arisen due to the pandemic.

According to him, “Cloud computing offers scalability and reliability that cannot be matched by a single enterprise. Scalability with regards to expanding of the infrastructure which can be done immediately while in most organisations, this would take a 4-12 weeks endeavour.

“You can scale up or down as required. It is more reliable as the infrastructure tends to be bigger with more redundancy and it has the ability to swap out faulty parts quicker or to move away from a faulty platform smoothly with no interruption.”

CloudFlex Computing Limited, formerly Comercio Cloud Limited is Nigeria’s’ leading Enterprise local cloud service Provider. The firm is one of the top choices for Cloud Solutions and managed data services for local and global businesses with great ambitions.

The company offers Information Technology as a service (Cloud services, Co-location, Managed solutions, Backup services, Disaster Recovery etc.), and support for diverse infrastructure need by providing Industry-specific Solutions.

Medallion Communications Limited, one of Nigeria’s Interconnect exchange clearinghouses and data center operator, offering telecommunications infrastructure development and Value Added Services in Mobile Banking, Number Portability and Emergency Communications Services, will also play a big role as it gives direction to the future at the Webinar event.

A statement from the company notes that while most interconnect operators focus on only transiting of calls, Medallion’s model offers full financial settlement and reconciliation of interconnect traffic. This, it says, greatly eliminates interconnect indebtedness in the industry and leads to accurate and timely processing of interconnect charges.

The company also deploys a robust and efficient billing and settlement infrastructure that is transparent in the resolution of interconnect related billing issues, which will be one of the needs as the country expects heavy traffic both in data and call services occasioned by the need to go digital and online following the pandemic effects.


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NCC Board Chairman Alleges Threat to His life by Agents of DG

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Tonye Jaja, chairman, Governing Board of the Nigerian Copyright Commission (NCC), has raised the alarm over alleged threat to his life by agents of John Asein, director general of the agency.

NCC Board Chairman Alleges Threat to His life by Agents of DG

He disclosed that an unnamed member of the NCC Governing Board had threatened his life through phone calls and SMS messages.

The Board Chairman, who made the claim in a statement, titled: “Notification of threats to my life and reputation in the line of duty as chairman of the Governing Board of the Nigerian Copyright Commission,” ‎said the development followed statements he submitted to the Code of Conduct Bureau and the Independent Corrupt Practices and other related offences Commission as part of ongoing investigations into allegations against Asein. ‎

According to Jaja, Asein is being investigated over alleged conflict of interest and abuse of office, among other offences.

The chairman of the NCC Governing Board also alleged that Asein and his agents have vowed to destroy his reputation through publications in the media.

The statement read: “Yesterday, I received a verbal threat during a telephone call and an SMS from one member of the Governing Board of the Nigerian Copyright (NCC).‎

“In a nutshell, he threatened that he will use online newspapers and other means to disgrace me and rubbish my reputation.

“His annoyance and threats is not an isolated incident, it is part of a coordinated onslaught of threats, publications of propaganda and other acts of reprisal targetted against me in my capacity as the Chairman of the Governing Board of the Nigerian Copyright Commission (NCC).

“The persons behind this have gone to the illegal extent of forging certain documents and leaking government official documents to Online newspapers in their desperate attempts at smearing my hard earned reputation.

“The Office of the Inspector-General of Police is currently investigating one of such incidences.

“All this smear campaign is because I ‎was invited by the Code of Conduct Bureau and the ICPC as part of their investigation of Mr John Asein the Director-General of the Nigerian Copyright Commission (NCC) whom they are investigating for allegations of conflict of interest and abuse of office, etc.

“‎As a responsible and law-abiding citizen,  who could not disobey the invitation of the ICPC and the Code of Conduct Bureau, I went to the High Court of the Federal Capital Territory (FCT) and deposed to an affidavit to confirm the veracity of the written and oral statements that I submitted to the Code of Conduct Bureau.

“Instead of these persons to apply the same steps of going before the High Court of the Federal Capital Territory (FCT) or any other court of Justice in Nigeria to swear an affidavit and oath on the pain of perjury, in support of any statements they are making, they have resorted to peddling fake news, falsehood and false, unsubstantiated allegations through the pages of online newspapers and other social media platforms.

“In recent times, their anger and onslaught has intensified because their attempts to “kill” and “bury” the investigations proved abortive considering that the ICPC, the EFCC and the Code of Conduct Bureau continued with the investigations which they had previously in an online newspaper described as the petition against Mr. John Asein as jokers.’”

The Governing Board Chairman added that anybody who is sincerely interested in knowing and verifying the truth of the allegations against Asein can make Freedom of Information requests to the Department of State Services, ‎Chairman of the ICPC,‎ Chairman of the Code of Conduct Bureau, Acting Chairman of the Economic and Financial Crimes Commission and Inspector-General of Police through the Assistant Inspector General of Police in Charge of the Federal Investigations Bureau.

 


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