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High Profile Individuals Behind Crude Oil Theft In Nigeria

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Due to the alarming rate of oil theft in-country, Nigeria Security and Civil Service Defense Corps, NSCDC, Delta state command, has disclosed that heads will roll if they decide to publish the names of high-profile individuals who are behind the crude oil theft and pipeline vandalism in Nigeria.

While disclosing this, the public relations officer of the NSCDC in the state, Emeka Peters had this to say; “Heads will roll, if the corps decides to publish the names of those behind crude oil theft, pipeline vandalism, illegally dealing in petroleum products, economic Sabotage amongst others.

“Following preliminary investigation and confessional statements from suspects arrested. The suspects revealed some of the identities of their sponsors and those behind crude oil theft, pipeline vandalism, illegal refineries, economic sabotage, and a host of other socio-economic crimes under the purview of the NSCDC.

The force is poised to publish the names of those behind the dastardly act, which as indicated from the confessional statements made by suspects contained names of high profiled personalities, respected leaders in the societies, even retired and serving uniform personnel and their relatives.”

It is disappointing to discover that some high-profile individuals are behind the vandalization of pipelines and crude oil theft in Nigeria, which has no doubt crippled the Nigerian economy.

Sources disclose that Nigeria loses about $7.3 billion a year to crude oil theft. This has also resulted in the country’s inability to meet OPEC’s production quota. The incessant crude oil theft has continued to sabotage the nation’s economy, despite efforts from oil and gas experts to curb the menace.

Aside from the negative economic effect of vandalism and crude oil theft in Nigeria, these careless acts also cause serious damage to the environment. It has led to the pollution of land which makes it unfavorable for planting and has also increased the mortality of animals in the aquatic habitat due to oil spillage. It also causes environmental degradation, which poses a serious health challenge to those living around the environment.

Often, when these theft and vandalization occur, it leads to explosion and fire disaster which leads to massive loss of lives and properties. Rather than generating more revenue for the country, most oil companies spend heavily repairing vandalized pipelines. Sometimes they have to halt oil production due to the damage caused which accrues more loss for them.

Nigeria as an oil-producing country ought to be enjoying so many profits with the rise in the price of crude oil in the international market, due to the Russian-Ukraine war, yet crude oil theft in the country has sabotaged that.

It is unfair that despite efforts to improve the country’s economy, some high-profile individuals in collaboration with criminals are hindering the nation’s economic growth. It doesn’t make sense that crude oil which is Nigeria’s major export and revenue resource is constantly tampered with.

It is obvious that the previous and present administration has failed to muster the political will to adopt effective policies to stop crude oil theft and vandalization of pipelines that have ravaged the oil sector.

It is a pity that crude oil theft continues to thrive in Nigeria because of the collaboration of security officials, the communities, and high-profile individuals/political leaders with criminal elements working together to perpetuate such dastardly acts.

The NSCDC as well as other security organizations should not hesitate to publish the names of those behind it, regardless of their status, so that they can be made to face the law with strict punishment meted out at them. Concealing their names will continue to give them the liberty to carry on with such criminal acts.

The government on the other hand needs to do better as well as implement technologies that would constantly monitor oil pipelines across the country and signal to the necessary officials when such pipelines have been tampered with, so that there can be a swift response to prevent it before they carry out their dastardly act.

NITDA Unveils ‘Code of Practice’ to Regulate Social Media in Nigeria

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About three years after Nigeria’s National Assembly attempted to pass a social media bill, aimed to regulate what people post and how they interact on social media platforms, the National Information Technology Development Agency (NITDA) has issued a Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries and Conditions for Operating in Nigeria.

A draft signed by Mrs. Hadiza Umar, Head Corporate Affairs and External Relationship, NITDA, said the Code of Practice is aimed at protecting fundamental human rights of Nigerians and non-Nigerians living in the country as well as define guidelines for interacting on the digital ecosystem.

The regulatory agency outlined various dos and don’ts for the Nigerian digital ecosystem, especially platforms having more than 100,000 users. The platforms are by the Code, saddled with the responsibility to do the following among others:

  1. Be incorporated in Nigeria.
  2. Have a physical contact address in Nigeria, details of which shall be available on their website or Platform.
  3. Appoint a Liaison Officer who shall serve as a communication channel between the government and the Platform.
  4. Provide the necessary human supervision to review and improve the use of automated tools to strengthen accuracy and fairness, checkmate bias and discrimination to ensure freedom of expression and privacy of users.
  5. On demand, furnish a user, or authorized government agency with information on: a) reason behind popular online content demand and the factor or figure behind the influence. b) why users get specific information on their timelines.
  6. Provide users or authorized government agency, upon request, with report of due process on their activities, and/or open investigation to ensure individuals are not targeted.

“A Platform shall not continue to keep prohibited materials or make them available for access when they are informed of such [prohibited] materials. Prohibited material is that which is objectionable on the grounds of public interest, morality, order, security, peace, or is otherwise prohibited by applicable Nigerian laws,” the Code says.

Government’s move to regulate social media in 2019 met a heavy pushback from civil rights organizations and members of the public as it was seen as an attempt to gag the civic space. However, the government has tried to use its agencies like the Nigerian Broadcasting Corporation to enact the regulatory rules.

NITDA’s Code has come months after the federal government lifted its four-month ban on Twitter. It was a controversial decision that drew condemnation globally. The government had claimed that Twitter agreed to its terms and conditions that include setting up an office in Nigeria and paying taxes. But the said agreement is yet to materialize months after.

Like the 2019 social media bill, the NITDA Code is already riling up the civic space that has described it as an attempt to censor social media through the back door, especially as the 2023 general elections draw near.

 

Read NITDA’s statement on the Code below:

The National Information Technology Development Agency (NITDA) is mandated by section 6 of the NITDA Act 2007, to standardize, coordinate and develop regulatory frameworks for all Information Technology (IT) practices in Nigeria. In accordance with its mandates, President Muhammadu Buhari, GCFR, directed the Agency to develop a Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries (Online Platforms), in collaboration with relevant Regulatory Agencies and Stakeholders.

In line with the directive, NITDA wishes to present to the Public a Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries for further review and input. The Code of Practice is aimed at protecting fundamental human rights of Nigerians and non-Nigerians living in the country as well as define guidelines for interacting on the digital ecosystem. This is in line with international best practices as obtainable in democratic nations such as the United State of America, United Kingdom, European Union, and United Nations.

The Code of Practice was developed in collaboration with the Nigerian Communications Commission (NCC) and National Broadcasting Commission (NBC), as well as input from Interactive Computer Service Platforms such as Twitter, Facebook, WhatsApp, Instagram, Google, and Tik Tok amongst others. Other relevant stakeholders with peculiar knowledge in this area were consulted such as Civil Society Organizations and expert groups. The results of this consultations were duly incorporated into the Draft Code of Practice.

The new global reality is that the activities conducted on these Online Platforms wield enormous influence over our society, social interaction, and economic choices. Hence, the Code of Practice is an intervention to recalibrate the relationship of Online Platforms with Nigerians in order to maximize mutual benefits for our nation, while promoting a sustainable digital economy.

Additionally, the Code of Practice sets out procedures to safeguard the security and welfare of Nigerians while interacting on these Platforms. It aims to demand accountability from Online Platforms regarding unlawful and harmful contents on their Platforms. Furthermore, it establishes a robust framework for collaborative efforts to protect Nigerians against online harms, such as hate speech, cyber-bullying, as well as disinformation and/or misinformation.

Similarly, to ensure compliance with the Code of Practice, NITDA also wishes to notify all Interactive Computer Service Platforms/Internet Intermediaries operating in Nigeria that the Federal Government of Nigeria has set out conditions for operating in the country. These conditions address issues around legal registration of operations, taxation, and managing prohibited publication in line with Nigerian laws. The conditions are as follows:

  • Establish a legal entity i.e., register with Corporate Affairs Commission (CAC);
  • Appoint a designated country representative to interface with Nigerian authorities;
  • Abide by all regulatory demands after establishing a legal presence;
  • Comply with all applicable tax obligations on its operations under Nigerian law;
  • Provide a comprehensive compliance mechanism to avoid publication of prohibited contents and unethical behaviour on their platform; and
  • Provide information to authorities on harmful accounts, suspected botnets, troll groups, and other coordinated disinformation networks and deleting any information that violates Nigerian law within an agreed time.

The Draft Code of Practice is available on the NITDA website for review and comments from the public.

The Federal Government wishes to reiterate its commitment towards ensuring Nigeria fully harness the potentials of the Digital Economy and safeguard the security and interest of its citizens in the digital ecosystem.

One of Nigeria’s Companies of the Future – Okomu Oil Plc

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I have written about this amazing Nigerian company named Okomu Oil Plc. It is neither a tech nor a bank, a major reason I respect what it has accomplished at a higher level. Yes, this company has provided a validation that wealth can be built via agriculture in Nigeria. And interestingly, investors like the dance steps the company is showing in the market.

Its market value continues to climb, outperforming the market index: “revenue grew by 63% to N20.49 billion from N12.55 billion in Q1 2021, just as profit after tax jumped by 80.2 per cent to N9.50 billion from N5.27 billion in the same period last year.”

When we talk of GDP, we are talking of the market value of total goods and services produced within a period, usually a year. It provides the aggregate of economic activities which are deployed in the production of goods and services over the period. 

 While oil gives us huge fat foreign bank accounts, the associated economic activities in the sector are limited. You do not need so many (diverse) activities to produce barrels of crude oil. But when you come to agriculture, you see massive activities making it possible that you can use one stone to kill two birds, especially if the agro-products can find export lanes.

Agriculture remains the largest component of our GDP; companies like Okomu Oil deserve to be used as case studies to demonstrate how a future can emerge, if we make agriculture a business, not just activities aligned with ancestral culture! Yes, I am farming because my ancestors farmed in this land even though you are creating more hunger doing it because of archaic practices at play.

Nigeria must make agriculture a business – Okomu Oil is showing how to do just that.

Okomo Oil, Nigeria’s biggest producer of crude palm oil and the second-biggest producer of rubber recently released its Q1 2022 three-month report, which shows it recorded revenue of N20.49 billion, the highest ever quarterly result by the company.

Data sourced from the NGX showed that the growth in revenue is driven by export sales due to the surge in CPO price influenced by the Russian/Ukraine crisis and sustained supply issues in the international market.

A further cursory view of the report shows that revenue grew by 63% to N20.49 billion from N12.55 billion in Q1 2021, just as profit after tax jumped by 80.2 per cent to N9.50 billion from N5.27 billion in the same period last year and thus earnings per share grew by 80 per cent to N9.96 from N5.53 in Q1 2021

Tech Expert Advises Tech Start-Ups To Protect Their Patents

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Information and Communication technology expert Johnson Anorh has advised start-ups on the need to acquire the requisite education to enable them to engage Nigeria’s legal system to protect their patents.

While speaking at a tech exhibition, he disclosed that start-ups can not work so hard to come up with an interesting innovation, without finding a way to protect it.

In his words, “Our legal system is there already. I mean, we have an adequate legal system, are we taking advantage of it? How do we take advantage of the legal system that we have to protect our innovation and patents? With Nigeria becoming the tech hub in Africa, as one of the ICT investments running into billions of dollars, there is a need to create a platform where these original innovations, original ideas are celebrated, where they are brought together under one roof, and also used to create a learning process”.

He further advised tech start-ups to acquire and have the necessary education, in case people come up with novel ideas or patents, one will not have a choice but to own them and protect them.

Indeed, there is a strong need for tech start-ups to engage a legal system to protect their patents because it prevents the risk of a founder losing his intellectual property to someone else.

Patent registration in Nigeria confers an exclusive right on the founder for 20 years. This right excludes others from making, using, or selling the invention in the country, without permission or consent during the lifespan of the patent.

There is a strong need for intellectual properties to be protected because protecting them is critical to fostering innovation. If tech start-ups do not protect their business, they would likely not reap the full benefits of their inventions.

The main reason why many inventors obtain a patent for their start-ups is because patents provide protection against theft and enable patent holders to sue any infringing parties.

The laws of intellectual property protect the right of inventors by giving them the exclusive right to reproduce, use and exclude others from presenting it as their invention, without the inventors’ permission.

There is a strong need for start-up founders to also engage a legal system, because the legal system can help them to perform a search to see if any other investors have already applied for a patent for the same invention.

Therefore, a patent lawyer can help their clients to enforce a patent once it is obtained, by suing others who infringe upon a patent holder’s right or violate other laws related to the patents and their inventions.

Nigerian Presidency is Wide Open As Mobile Internet Could Disintermediate Old Political Structures

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Comment: Peter Obi and Rabiu Kwankwaso do not have nationwide political structures like their APC (Tinubu) and PDP (Atiku) counterparts. My Response below on why you should not discount Obi and Kwankwaso as technology has reduced information asymmetry [‘occurs when one party to a transaction has more or superior information compared to another’] which made local structures very potent.

This is not to say that structures are not important, my point is that disintermediation [“reduction in the use of intermediaries”] is evident, and general voters have access to more information about candidates now, to make decisions independently, out of the influence of political bundlers and brokers.

Technology will create disintermediation that old-style political structures may not matter that much since information asymmetry will be reduced as a result of the ubiquitous smartphones and mobile internet connectivity in Nigeria. Nigeria’s electoral market is becoming more perfect with reduction of information asymmetry (everyone gets the same info about candidates and can make decisions unlike in the past when people relied on emirs, obas, obis, village heads, etc to guide them). 

As digital systems penetrate, the influence of political brokers, bundlers, etc will fade, since those citizens now have access to the right info about candidates and make decisions.

Yes, you can have party chairmen in all local government areas. But if you do not have the message for the citizens, the chairman  will not stop them from learning about those with the right messages. In the pre-mobile internet age, those chairmen were the pipelines to reach the voters. They used their positions to influence how those voters vote. 

Today, do not count on those old-style structures. You can have them – very vital – but if you do not have the right message, you will struggle. It is like in football where some clubs have zone playbooks – defend in zones and attack in zones. You get a village head, and with him, you have cornered everyone in the village politically. Just like playing zone in football which does not guarantee wins, having those village heads when the citizens can get the information directly will cause a dislocation.

With your phone today, there is no information you cannot reach. Many Nigerians are getting the right info and they can independently make decisions. And they have the channels to also express those feelings, recruiting and influencing others, without just relying on what the pundits are telling them. So, a small party with the right message could be a threat because technology can create disintermediation to the old structures we have seen in Nigerian politics.

Of course, this does not mean that a contestant does not need to build the old structures. My point is that those structures will not win elections unless they come with great visions for Nigerians since mobile internet will help voters discover those with the right messages!

Obi, Oba, Emir, etc could influence in the past as custodians of info; today, the youth sabi wetin dey.

Comment on LinkedIn Feed

Comment: America, whose democracy we follow and whose people have the most mobile internet connectivity, in the world has never produced a president outside the two major political parties- Democrats and Republicans. Why is this so? The structures both parties have that are not available to anyone outside the two parties. Without structures that APC and PDP possess, no other party can win the presidential elections in our beloved Nigeria.

My Response: I think you are not doing a good comparison here. If I ask you the logo of Joe Biden’s party, you will struggle. They have attained near zero information asymmetry where you do not even need logos or emblems to know candidates. How do you know them? Their policies or what they stand for. So, it is personalized not “party-nized”.

That is what I am saying. Nigerians will begin to pay attention NOT to party but what the candidates offer them. Interestingly, minor parties in US have nothing new to exploit. But in Nigeria, there are still opportunities as we have not attained policy saturation or stable state in our evolving democracy.

{As late as 1930s, African Americans voted mainly Republican. Later, they moved Democratic as Democrats used voting rights, etc to attract them]

Mobile internet can move us from party to person. That is the message.