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Internet Code Of practice Was Implemented To Prevent Tech Companies From Becoming Dictators – Isa Pantami

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The federal government of Nigeria through the National Information Technology Development Agency (NITDA), last month issued an Internet code of practice for interactive computer service platforms/internet the conditions for operation in the country.

The code of practice was introduced to protect the fundamental human rights of Nigerians and non-Nigerians living in the country, as well as define guidelines for interacting in the digital ecosystem.

It was developed in collaboration with the NCC and NBC, as well as input from other interactive platforms such as Facebook, Instagram, Twitter, and Instagram, among others.

As the new global reality shows that activities carried out on those platforms wield so much influence over society which ought to be so, hence the code of practice is an intervention to recalibrate the relationship with Nigerians in order to maximize mutual benefits for the country while promoting a sustainable digital economy.

Just recently, Nigeria Minister of Communications and Digital Economy Prof. Isa Pantami who was represented at an event by the Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa disclosed that the federal government had to come up with the internet code of practice to prevent big tech companies from becoming dictators and bigger than the government.

Pantami further stated that given the fact that Nigeria is a democratic republic, there is a need for the government to be vigilant at all times. The minister likened the current big tech executives to Kings, Emperors, and military dictators, adding that there is a strange power that dominates humans.

He cited the U.S election where big tech companies had a major influence on the outcome of the election surpassing that of the government.

In his words, “In the federal republic of Nigeria, we shouldn’t allow anyone have an unaccountable power over others. Today looking at the social media incident before the U.S election, it indicated that Big tech companies have more power than the government. Users are compelled to obey the big tech rules because of the restrictions and sanctions in its usage. For example, if you use Twitter, there is a limit of the number of words you can tweet”. 

The minister concluded by saying that those who are in control of the online space must be held accountable. He believes that such scrutiny of the online space is necessary because today’s technology has become central to our social, economic, and political lives, therefore these big tech companies should be controlled.

What You Should Know About The Internet Code Of  Practice

Part of the code of Practice dictates that social media platforms must do the following below;

  • Act expeditiously upon receiving a notice from a user, or an authorised government agency of the presence of an unlawful content on its Platform. A Platform must acknowledge the receipt of the complaint and take down the content within 24 hours.
  • Act expeditiously to remove, disable, or block access to non-consensual content that exposes a person’s private areas, full or partial nudity, sexual act, deepfake, or revenge porn, where such content is targeted to harass, disrepute, or intimidate an individual. A Platform must acknowledge the receipt of the complaint and take down the content within 24 hours.
  • Disclose the identity of the creator of information on its Platform when directed to do so by a Court order. Provided that an order of this nature shall apply for the purpose of preventing, detecting, investigating, or prosecuting an offence concerning the sovereignty and integrity of Nigeria, public order, security, diplomatic relationships, felony, incitement of an offence relating to any of the above or in relation to rape, child abuse, or sexually explicit material.
  • Where the first creator of the message in question is located outside Nigeria, the first creator of that information in Nigeria shall be deemed to be the first creator.  Exercise due diligence to ensure that no unlawful content is uploaded to their Platform. Where a Platform receives a notice from a user or any authorised government agency that an unlawful content has been uploaded, such Platform is required to take it down and ensure it stays down.

The implementation of the Internet code of Practice was followed with huge criticism from Nigerians. They disclosed that such a code is simply a tool for the abuse of the Constitutional rights of the citizens.

A coalition of civil society organizations in the country sent a memo to the NITDA agency urging them to amend certain provisions of the code of practice.

They further disclosed that while the code of practice seeks to protect the digital rights of Nigerians online, it should not be used in the same vein to harass, stifle and unlawfully infringe the rights of the citizens.

The Egoras Team Is Coming to Tekedia Mini-MBA; Innovators, Find Your Program Here

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It is one of the most important new business models in Nigeria. It has grown from three people to hundreds in less than 18 months. And the firm just unveiled a massive refurbishment factory so that technicians and engineers can  refurbish electronics, a/cs, generators, furniture, etc, at scale.

Today at 7pm WAT, CEO of Egoras, Ugoji Harry will be at Tekedia Mini-MBA to discuss Egoras business model. Tekedia Institute served as the innovation and technical partner, providing leadership, as the company emerged.

Come and learn how innovators are thriving despite all the challenges in Nigeria. Respect the supremacy of business models in markets. Egoras is leading and we will be learning. Zoom link in the Board.

Innovators, builders, makers and project champions, discover the right Tekedia programs for you.

Staging a protest is not an impeachment process

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I watched with so much shame and disgust yesterday how some of the members of the Senate proudly staged a protest and walked out of the plenary session in lieu of impeaching the president over the insecurity challenge amongst other struggles the nation has been facing.

It is quite shameful and I say this with so many tears in my eyes that the lawmakers have been reduced to mere protesters and resorted to protest instead of manning up and carrying out their statutory duty of impeaching the president as constitutionally provided as at when the need arises. It is far long overdue. I boldly say that in a sane political clime, the president ought to have been impeached long ago, by whatever standard anyone wants to measure or argue it.

All the lawmakers ended up doing yesterday was media gimmicks, tomfoolery, a display of ignorance, and an outstanding show of shame with so much pride. It was rightly described in a response by the Presidential spokesperson that their act of yesterday was “childish” and I totally agree.

There’s no constitutional provision for impeachment procedure known as a protest or walk out. So some of the lawmakers walking out and staging a protest only reduced them to toothless bulldogs that can only bark but can never bite.

The procedure for impeachment is duly provided for in S.143 of the constitution of the federal republic of Nigeria. For benefit of the doubt, I will represent the step-by-step process of impeaching the president as provided by the constitution Incase the honorable lawmakers have forgotten.

According to the constitutional provision; the first step in the impeachment process of the president is a written notice of an allegation of gross misconduct against the person of the president which is duly signed by at least 1/3 members of the National Assembly (Senate and House of Representatives inclusive).

The senate president must within 7 days serve the president with the notice of the allegation and every other member of the National Assembly must be served a copy of the notice.

When the President and each member of the National Assembly have been served, the National Assembly must within 14 days resolve if the allegation against the president is to be investigated or not.

If the National Assembly resolves that the allegation against the president is to be investigated, the Senate president must within seven days request the Chief Justice of Nigeria to set up a seven-man panel to investigate this allegation(s).

The panel is given three months to investigate this allegation and their findings are to be reported back to the National Assembly. During the process, the president has every right to appear before the panel and defend himself in person or through his legal representative(s).

When the panel reports that allegations against the president have been proven or substantiated, the National Assembly will consider the report and adopt the report.

Once the report of the panel is adopted the president stands to be removed from office and ceases to hold or occupy the office of the president from the moment the report is adopted.

From the processes highlighted, it is crystal clear that the impeachment process of the president in Nigeria is quite stringent and cumbersome, hence the reason why the lawmakers should stop playing around and initiate the process if they really want to impeach the Mr. President (which is long overdue) because they have a really long way to go.

In nowhere in the constitution is staging a protest or walking out of the plenary session by lawmakers or giving the president six weeks ultimatum is referred to as an impeachment process in the constitution or any other Nigerian law. The lawmakers should cease the gimmicks and stop making fools of themselves and follow the procedures laid down by the constitution if they mean the business of impeaching the president.

 

The Lessons from Carlos Slim and Templeton For Nigerian Youth

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As Nigeria goes through a challenging season of leadership quagmire, I want you to remember that nations rarely kaput. In this video, I introduce two men I study – Carlos Slim (Mexican billionaire) and Franklin Templeton (stock picker of the 20th century). As Abuja demoralizes you, remember that the sun will always rise. Do not kill that idea, because Nigeria will always be.

Franklin Templeton began a firm in 1947, against all odds, at the ruins of World War II. Mr Slim bought anything in his sight at one of the lowest points in Mexican history – the peso was down and markets in ruins. Templeton trusted the human race and bought “useless” stocks. Slim’s father told him that countries do not fail; they always come back.

Becoming successful in life is not about being busy – it is understanding things and making sense of them, more meaningfully. There are acres of diamond in Nigeria today, across many areas. Look for them. If you do not believe in humans, it is unlikely you can see opportunities in life. 

This moment will go and like the cryolite, the beautiful gems out of periwinkle, new moments will emerge. Plan to vote but do not lose confidence because abundance remains in the future.

I invested in the local pharmaceutical distribution space last week because very soon, importing foreign drugs will go. The challenges in Nigeria must redesign your investment thesis because even in the miry clay, special greener pastures remain. Think and thrive.

Nigerians Run As Naira Falls, Bitcoin Trade Witnessed 258% Increase

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The exchange rate between the Naira and Dollar which is merged with huge volatility, with the Naira currently at N720 per $1 at the parallel market, has caused panic among Nigerians.

Recall that the CBN threatened to prosecute anyone caught purchasing the dollar at any of the financial institutions in the country. This has however forced a lot of Nigerians to move into the crypto space by amassing dollar-dominated digital assets as a hedge against the collapse of the local currency (Naira).

Stablecoins and Bitcoins are said to be the most purchased digital assets, causing the fiat local currency (Naira) to plunge to an all-time low record in the black market. According to recent data, Nigerians traded over $5 million worth of Bitcoin on the popular P2P trading website. Pax full and local bitcoins saw a 258% increase from last week.

A large percentage of Nigerians have nonetheless gone contrary to the CBN law as they continuously exchange digital currency in the peer-to-peer market where transactions are priced in dollars. Recall that the Apex bank issued a warning to other banks to desist from aiding cryptocurrency transactions.

The CBN had in 2017 disclosed that digital currencies such as Bitcoins, Litecoin, and others are widely used in financing terrorism and money laundering, considering the anonymity of virtual transactions.

Displeased with the CBN law on the trading of cryptocurrency, a large percentage of the citizens have argued that the CBN is creating money out of thin air, as the currency is unbacked by tangible assets.

They further claimed that the CBN manipulates the supply of money to create inflationary pressures and asset bubbles in the economy. Others view it as an avenue for the CBN to exert control over economic and fiscal policy.

Despite the CBN restrictions on crypto trade in the country, in the first three months of the year 2022, Nigerians traded at least N77.75bn ($18m) worth of Bitcoin which saw a 5.71 percent increase from the N73.54bn worth of bitcoin that was traded in the year 2021.

Nigeria was said to be the highest trading country in the year 2021, with 16,000 daily trades, occupying the sixth position of leading nations in the world in terms of crypto adoption. As Nigerians continue to pile into cryptocurrencies due to low confidence in the Naira as a result of constant devaluation. It has been reported that the accumulation of cryptocurrencies is being used as a hedge against the weakening naira.

People are buying dollars to purchase digital assets, as the USD buy rate in the crypto market is moving at the same local rate. Binance, a trading platform, has revealed that Nigerians have conducted many trades in digital currencies over the last few days.

Analysts have blamed the continuous devaluation of the Naira on rising import bills, savings in dollars, and the accumulation of digital assets by Nigerians. With the continuous fall of the naira, the senate has resolved to invite the CBN Governor Mr. Godwin Emefiele to appear before the senate in plenary to address the lawmakers behind closed doors, over the constant fall of the naira in recent weeks.