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E-Business

SiBAN Expels Violators of Code of Conduct, Pledges to Sanitize Blockchain Sector

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Stakeholders in Nigeria’s Blockchain sector under the auspices of Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) have begun the process of sanitizing the sector by weeding out bad eggs who brings the sector to disrepute.

The association in a statement released by its President, Obinna Iwuno, said the move became necessary in line with its mandate to promoting and safeguarding the integrity, transparency, and ethical standards of the blockchain industry in Nigeria.

According to the statement, “As part of our mandate, we strive to ensure that our members adhere to the highest ethical and professional standards, particularly in protecting consumers and investors within the blockchain and cryptocurrency space”.

The statement added that investigations and reviews carried out by the association found out that many individuals have flouted its Code of Conduct contrary to the associations mandate and policy.

The statement further read, “following thorough investigations and reviews, several individuals have been found to be in violation of SiBAN’s Code of Conduct, which every registered member is bound to uphold.

“Consequently, these individuals have been expelled from SiBAN, while others have been disassociated due to their unregistered status and unauthorised activities that contravene the association’s objectives and policies.

“SiBAN’s decision to expel and disassociate ourself from these individuals stems from various documented activities that have undermined the association’s credibility, caused confusion among stakeholders, and misled the public”.

The statement listed the reasons for expulsion and disassociation as follows:

Creation of a Parallel Organisation: Some of the individuals involved have attempted to create or promote a parallel organisation purporting to represent SiBAN’s interests. This has led to confusion within the blockchain community, as well as with regulators, investors, and the public.

Misrepresentation of SiBAN: It has come to our attention that certain expelled and disassociated individuals have falsely represented themselves as officials or representatives of SiBAN without proper authorisation.

Illegal Parading as SiBAN Officials: In addition to unauthorised misrepresentation, some individuals have taken further steps to parade themselves as elected officials of SiBAN, even though they hold no such positions within the association.

Violation of SiBAN’s Code of Conduct: SiBAN has a strict Code of Conduct that requires members to comply with ethical standards and regulatory frameworks, including those set by the Securities and Exchange Commission (SEC), Central Bank of Nigeria (CBN), and other government bodies overseeing financial and technological industries.

As a result of these infractions, the association said that the following individuals have been expelled from SiBAN, or in cases where they were never registered members, we disassociate ourself from them:

  • Emmanuel Babalola
  • Chris Ani
  • Senator Ihenyen
  • Tony Emeka Nwabishop
  • Paul Ezeafulukwe
  • Toritseju Kaka
  • Jude Ozinegbe
  • Stanley Golomo
  • Asemota Igiogbe
  • Ifeoma Ben
  • Iliasu Yakubu
  • Others involved in similar activities

“It is important to clarify that while these individuals were either registered members of the association at one time or associated with SiBAN, their actions are not representative of the association’s values or goals”.

It further called on the general public and stakeholder in the industry to beware of this notice and refrain from dealing with these individuals on behalf of SiBAN.

“Given the situation, SiBAN strongly advises all members of the public, businesses, and regulatory bodies, including the Securities and Exchange Commission (SEC), National Information Technology Development Agency (NITDA), Nigeria Financial Intelligence Unit (NFIU), Central Bank of Nigeria (CBN), and other relevant government agencies, to refrain from engaging in any dealings with the aforementioned individuals on behalf of SiBAN.

“These individuals are not authorised to represent SiBAN in any capacity, and any claims to the contrary are false and misleading.

“Any dealings with them under the impression that they are acting on behalf of SiBAN should be considered illegal and should be reported to the association”.

Commitment to Ethical Standards and Consumer Protection, SiBAN reaffirmed its unwavering commitment to ensuring that the blockchain industry in Nigeria operates transparently, ethically, and in full compliance with national regulations.

“As the leading association for blockchain stakeholders in Nigeria, we will continue to uphold the highest standards in all our activities, including the enforcement of our Code of Conduct and the promotion of safe and fair practices in the industry”.

Moving forward the association encourages stakeholders, both in Nigeria and internationally, to engage with SiBAN directly through our official communication channels for any inquiries, confirmations, or reports of misrepresentation.

SiBAN will remain vigilant in addressing any further attempts to mislead the public or operate outside of our established ethical framework.


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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

E-Business

Q1 2025 .ng Domain Name Statistics Reflect Nigeria’s Advancing Digital Landscape

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The Nigeria Internet Registration Association (NiRA) presents its report on .ng domain name registration and renewal statistics for the first quarter of 2025, highlighting the continued expansion of Nigeria’s digital footprint. The data underscores a consistent and significant adoption of the nation’s Country Code Top-Level Domain (ccTLD), reinforcing its pivotal role in the burgeoning Nigerian digital economy.

During the period spanning January to March 2025, a total of 40,791 .ng domain names were recorded. This figure comprises 22,236 new registrations and 18,555 renewals, indicating a healthy balance between the acquisition of new digital identities and the sustained commitment of existing domain name holders to their online presence.

Analysis of the registration trends within the quarter reveals a notable upward trajectory, with a 13.92% increase in domain name registrations observed between February and March 2025.

This growth signifies an increasing recognition of the importance of a localized online identity by a diverse range of stakeholders, including individuals, startups, Small and Medium-sized Enterprises (SMEs), and larger organizations.

Notably, the .com.ng extension continues to be the dominant choice, accounting for over 60% of both new registrations and renewals. This reaffirms its status as the preferred domain name extension for Nigerian businesses seeking to establish a credible and locally relevant online brand presence while maintaining global accessibility. The sustained popularity of .com.ng underscores its perceived value among Nigerian entrepreneurs and enterprises seeking to secure their digital real estate.

This upward trajectory isn’t happening by chance. The Nigeria Internet Registration Association (NiRA) has remained intentional in its drive for digital inclusion and domain adoption. Through public education, training via the .ng Academy, outreach campaigns, and partnerships with stakeholders across the tech ecosystem, NiRA has consistently advocated for the importance of owning a local domain.  The current standing of .ng as the second most registered ccTLD in Africa reflects the efficacy of these efforts.

Digital adoption in Nigeria is no longer just about being online—it’s about owning your digital identity. And with a .ng domain, Nigerians are better positioned to assert that identity, connect with local and international audiences, and gain better control over their digital footprints.

As we look toward the rest of 2025, the Q1 results serve as a strong signal: more people are embracing the digital future, and the .ng domain is increasingly becoming their first step.


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NIMC Launches NINAuth Digital Identity Verification App for Govt Services

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Abisoye Coker-Odusote, DG/ CEO, NIMC
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National Identity Management Commission (NIMC) of Nigeria has launched a new digital identity verification tool called the NIN Authentication (NINAuth) application.

NIMC Launches NINAuth Digital Identity Verification App for Govt Services

The initiative, which forms part of President Bola Tinubu’s Renewed Hope Agenda, aims to strengthen the country’s national digital identity management framework.

The launch builds upon Nigeria’s comprehensive unified digital identity system that has been transforming access to financial services and government programs.

The NINAuth application introduces several key features focused on data security and privacy.

The platform requires explicit user consent before sharing identity information for Know Your Customer (KYC) processes, giving individuals greater control over their personal data.

The system provides seamless access to various government services, including SIM card registration, immigration applications, passport processing, tax filings, and financial transactions.

The development follows significant investment in Nigeria’s digital identity infrastructure, including a $45.5 million support from the World Bank as part of the Digital Identification for Development (ID4D) project.

As the official service for integration with NIMC’s backend infrastructure, NINAuth enables secure verification processes across ministries, departments, and agencies (MDAs).

The application is available for download on both the Google Play Store and Apple iOS App Store for users of the National Identification Number (NIN).

The rollout represents a significant milestone in Nigeria’s ongoing efforts to digitize government services and strengthen identity verification processes.

“NINAuth is a cutting-edge suite of services including web, API, and mobile verification designed to enhance data security, protect privacy, and simplify access to government services,” said Dr. Kayode Adegoke, Head of Corporate Communications at NIMC.

“The platform introduces a robust layer of protection, empowering individuals with greater control over their personal information.”

The implementation supports the objectives of the recently established Nigeria Digital Identification for Development Project Ecosystem Steering Committee, which oversees the country’s digital identity initiatives.

President Bola Ahmed Tinubu has approved the launch of the NINAuth app and directed its use for verification and authentication across all MDAs.

The application provides a secure single sign-on solution for accessing government services and social protection programs while maintaining strict data privacy controls.

The centralized approach to digital identity management represents a significant step forward in Nigeria’s digital transformation journey and its commitment to modernizing government services.

 

 

 


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NCC to Checkmate $3Bn Digital Piracy Market

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Nigerian Copyright Commission (NCC) has set in motion a machinery to checkmate the booming copyright piracy market in the country.

NCC to Checkmate $3Bn Digital Piracy Market

Copyright piracy is said to cost Nigeria an annual loss estimated at billions of naira.

Despite the absence of a coordinated or official statistics to gauge the quantum of loss,  John Asein, director general, NCC, said as far back as 2019, Nigeria lost N918 trillion ($3 billion) annually to digital piracy.

The financial damages severely impact local businesses and innovation efforts.

The commission, in collaboration with the World Intellectual Property Organisation (WIPO), has started a project to develop strategies and tools to address the menace.

Speaking at a stakeholders’ meeting on the WIPO project to address online copyright piracy in Nigeria, Asein said digital technologies have unlocked tremendous opportunities for the creative and innovation sectors.

The NCC boss said technology also poses serious challenges, including online piracy, which he said is growing rapidly.

He said: “Pirate sites continue to emerge rapidly, with statistics indicating a 6.7 per cent increase in user visits. A significant percentage of these users are students aged between 18 and 24, with social media and messaging platforms becoming major gateways for accessing pirated content.”

He added: “No industry is immune. The most affected sectors include television (43.6 per cent), publishing (27.5 per cent), film (12.9 per cent), music (7.0 per cent), and software (6.2 per cent).

“Far beyond mere statistics, the victims are no longer only foreign right owners. Many Nigerians in these sectors have also been bruised and their creative enterprises ruined.”

 

 

 

 


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