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Home Blog Page 5314

The girl in the Oxlade’s sextape; Her rights and remedies if she decides to sue

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The offense of Sexual blackmail, Sextortion and Revenge Porn: The rights and remedies of the victims.

A quick story:  A lady contacted me last month seeking for legal help and professional advise on what she should do; her ex boyfriend whom she used to send her nude pictures and videos to while they were dating started to extort money from her and always threaten to blackmail her with those pictures and videos if she ever try to refuse to send him the money he requested. This has been going on for a long time  and the ex keeps coming up with requests with the threat of releasing her nudes if she ever refuses to grant him his requests.

This kind of scenario falls into the Blackmail, Revenge porn and Sextortion category of the crime of sexual exploitation:

Blackmail is an act of coercion using the threat of revealing or publicizing either substantially true or false information about a person or people unless certain demands are met. In many jurisdictions of the world, including Nigeria, blackmail is a statutory criminal offense, carrying punitive sanctions of jail term for the perpetrators.

Also, Revenge porn is the illegal distribution of sexually explicit images or videos of individuals without their consent. Though the videos or images may have been made or taken with the knowledge and consent of the partner, it’s distribution without the consent of the partner is illegal and criminal. 

At the other hand, Sextortion is a special crime that occurs when someone threatens to distribute your nudes and private videos if you don’t grant him/her sexual favors, or pay him/her some money. The name was coined out to suit the act and it has long been a crime most criminal justice systems of the world are beginning to pay much attention to. It is a special category of sexual exploitation in which victims are threatened that their private pictures and videos will be released to the public if the victim fails to meet the demand of the blackmailer; the demand which is usually payment of some amount of money.

The sad news is, blackmailers and sextortionist are a greedy set of people, they never stop. They always keep coming back with requests upon requests with the same threat of releasing their victims’ private contents if their demands are not met.

But the good news is that there’s a way out of their hook…

It will be my pleasure to arm you with some laws in this regard as to what the laws say about the crime and punishment of the offense of sextortion, revenge porn and sexual blackmail and educate you on your rights and remedies if you ever fall into the trap of blackmailers and sextortionists and how to (legally) get off their hook.

The provisions of the Criminal code act at chapter 33, specifically from s.373 to s.376 provides for punishment of 1-2 years for the offense of defamation while sextortion or publication of defamatory matter with the intent to extort the victim carries a punishment of up to 7 years imprisonment term.

S.376 of the Criminal Code Act provides thus; 

Any person who publishes, or threatens to publish, or offers to abstain from publishing, or offers to prevent the publication of defamatory matter, with intent to extort money or other property, or with intent to induce any person to give, confer, procure, or attempt to procure, to, upon, or for, any person, any property or benefit of any kind, is guilty of a felony and is liable to imprisonment for seven years.

Similarly, S.23 (2) Cybercrime Act, 2015 in synchrony with the above provisions of the criminal code provides as follows: 

Any person who knowingly makes or sends other pornographic images to another computer by way of unsolicited distribution shall be guilty of an offence and upon conviction shall be sentenced to One year imprisonment or a fine of Two Hundred and Fifty Thousand Naira or both. Also, S. 24. Of the Cybercrime Act further provides;

Any person who knowingly or intentionally sends a message or other matter by means of computer systems or network that –

(a) is grossly offensive, pornographic or of an indecent, obscene or menacing character or causes any such message or matter to be so sent; or

(b)…commits an offence under this Act and shall be liable on conviction to a fine of not more than N7,000,000.00 or imprisonment for a term of not more than 3 years or to both such fine and imprisonment.

Mind you that these statutory provisions are not just some statues in retrospect; it is organic and it has been tested in courts. The most recent case of sextortion and sexual blackmails is the case where a boy in his 20s got hold of the private pictures and videos of a public figure in IMO state, he kept using those pictures of the man to taunt him and to force money out of him. The man got tired of succumbing to the blackmails, and decided to report to the police. The boy was tracked down and arrested. He was charged to the Magistrate court and the  court sentenced him to 1 year imprisonment in line with the provisions of s.373 to s.376 of the Criminal code Act and sections 23 & 24 of the cybercrime act 2015 both applicable in Imo state, Nigeria. (You can find this case on suit number: MCI/2C/2012).

The act of sextortion and revenge porn is not just a civil wrong, it is criminalized and the blackmailers risks a jail term of 1-7 years and when it involves an infant or a person who is under age, the punishment is more stiffer as the offender risks getting jailed for a term of 5- 10 years or N10-N20 million naira fine or even both the prison terms and the fine as it was clearly provided S.23 of the cyber crime act, 2015.

The most important thing to take home from this is: never you succumb to a sextortionist or a blackmailer, they’d never stop threatening and extorting you once you have given in at first, the best thing you should do (if you are caught in their trap) is to report to the police or go to a lawyer.

The moral decadence in current Nigerian society; Who wants to be a millionaire is back!

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The way Nigerians celebrate it when a nude picture or some pornographic contents find its way into the social media platforms, especially if the nude or sex video is that of a popular individual or a celebrity points to how Nigeria (that prides herself as one of the most religious countries of the world with a high grossing number of fanatics and sanctimonious individuals) is just a hypocritical society and she is continually losing her moral values.

The sex tape of Oxlade, a 24 years old Nigerian singer has been on top of the trend tables since the beginning of this week across all the social media platforms in Nigeria. Users of the internet are so interested in analyzing the lad’s sex skills and sharing the videos around instead of condemning such act of the talented singer who is always making videos of himself naked or while having sex which always find its way to the internet space, leaked either by himslef or his friends and partners all for fun.

Things like these corrupt the moral values of the society and it is also illegal and criminal when you post or share indecent contents and pornographic videos in the Nigerian internet space.

Different Nigerian legislations criminalize posting and sharing of nudes and pornographic contents in the internet space and it carries severe punishments for the law breakers. The Cybercrimes (Prevention and Prohibition) Act, 2015, the Criminal Code which is applicable in southern Nigeria and the Penal Code which is applicable in the Northern jurisdiction all criminalizes the posting and sharing of obscene graphics and provides punishments for anybody that engages in such an act.

Section 24 of the Cybercrime Act provides as follows;

(a) Any person who knowingly or intentionally sends a message or other matter by means of computer systems or network that is grossly offensive, pornographic or of an indecent, obscene or menacing character or causes any such message or matter to be so sent;… commits an offence under this Act and shall be liable on conviction to a fine of not more than N7, 000,000.00 or imprisonment for a term of not more than 3 years or to both such fine and imprisonment.

Also, Section 170 of the Criminal Code Act which is applicable in Southern Nigerian jurisdictions provides;

Any person who knowingly sends, or attempts to send, by post anything which;

(b) encloses an indecent or obscene print, painting, photograph, lithograph, engraving, book, card, or article, or which has on it, or in it, or on its cover, any indecent, obscene, or grossly offensive words, marks, or designs; is guilty of a misdemeanour and is liable to imprisonment for one year.

These statutory provisions clearly show how much the Nigerian society frowns upon sharing and posting of pornographic contents in the internet space. Internet users who may think that sharing and posting of such contents is just for “cruise” and clout chasing should think twice as they are law breakers who, if caught and charged to court, could be looking at a 3 years imprisonment term.

Who wants to be a millionaire is back!

Who wants to be in Millionaire Naija is back after four years break. 

The show Who Wants to be a Millionaire is one of the most watched, talked about, educative and entertaining television shows in Nigeria where participants are asked to spell some difficult words or pick a right answer to a question to win some money and it was hosted by Frank Edoho.

It was a huge show sponsored by Mtn Nigeria not until 2017 when the show went off the air due to some unreconciled differences between the sponsors of the show and the host Frank Edoho. 

Frank Edoho took to his social media pages on Monday, 7th of February 2022 to announce that the show is coming back to starting from March 2022 with him remaining the host after the four years break the show took. He shared the good news by posting, “Hey everyone. I assume you know by now that I have been offered the role of Host of WWTBAM Series 2. My immense gratitude goes to all of you for hoping that I get the job. Thank you for your kind wishes and felicitations, God bless you all”.

With this year’s captioned, who wants to be a millionaire rebirth, series 2, participants are to win N20 million Naira.

Recall that Edoho had hosted the show from its inception on October, 8, 2004, until September 2, 2017 when the show went off the air. 

Nvidia Topples Meta, Becomes 7th Most Valuable US Company

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Nvidia chip

Meta, Facebook’s parent, has seen a significant drop in its market valuation since it reported nearly $1trn capitalization for the fourth quarter.

On Tuesday, the company’s shares dropped 2.1% to close at $220.18, making it 35% down this year and its lowest since July 2020. The drop has pushed Meta value below chipmaker Nvidia, which is now the seventh most valuable company in the US.

Not long ago Facebook was among the five most-valuable US companies, alongside Big Tech peers Apple, Microsoft, Amazon and Alphabet. However, Meta has since fallen to eighth, below Tesla, Berkshire Hathaway and now, for the first time, Nvidia.

On Tuesday, Meta’s market cap dropped to $599 billion, while Nvidia closed at $627 billion. Visa is next at $478 billion. The chip maker’s failure to purchase Arm did not affect its shares.

Nvidia announced overnight that it was ending its effort to buy chip technology firm Arm and would pay a breakup fee of $1.26 billion to Arm parent SoftBank. Nvidia scrapped the deal amid hefty regulatory challenges, including a probe in the U.K. and a lawsuit from the U.S. Federal Trade Commission.

Nvidia rose 1.5% on Tuesday to $251.08, and has been on a tear over the past two years, soaring over 300% since the start of 2020. The company has lost about 15% of its value since the start of the year as investors have sold out of risky tech stocks.

Nvidia, which reports fourth-quarter earnings next week, has been boosted by strong chip sales as its graphics processors are in high demand for artificial intelligence applications and advanced video games.

The company showed a drop in user numbers and warned about challenges ahead from Apple’s privacy changes. Meta’s first-quarter forecast missed estimates, sending the stock down a record 26% on Thursday.

Read also: Apple, TikTok and other factors threatening Meta’s existence 

Nvidia has recently made a bit of a come-back in terms of share price. The chipmaker made a whole bunch of cash in its final quarter of 2021, with gains up 50% year-on-year revenue, operating income up 91%, net income up 84% and massive margin gains.

Nvidia was founded in 1993 by three engineers: Jensen Huang, leather-clad company CEO; Curtis Priem, who retired from Nvidia in 2003; and Chris Malachowsky, who still works at Nvidia as a senior technology executive. The company has scaled through fierce competition with rivals such as Intel and TSMC to become now the seventh most valuable company in the US.

Meta still has a mountain of challenges to contend with as watchdogs around the world introduce strict rules around consumer privacy. The social media company has threatened to leave Europe if regulators enact rules that will stop it from sharing private data of users in Europe with the US. Though the rules are still under consideration, Germany and France said it will be a good thing if Meta makes its threat true.

Central Bank of Nigeria Launches RT200 FX Programme, Targets $200bn FX Inflow

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In addition to other schemes it has created to boost dollar liquidity in Nigeria, the Central Bank of Nigeria (CBN) has announced the launch of “RT200 FX Programme”, targeting $200 billion in FX repatriation.

The CBN governor, Godwin Emefiele revealed the new program during the Bankers’ Committee press briefing on Thursday.

“After careful consideration of the available options and wide consultation with the Banking Community, the CBN is, effective immediately, announcing the Bankers’ Committee “RT200 FX Programme”, which stands for the “Race to US$200 billion in FX Repatriation,” he said.

Emefiele explained that the RT200 programme will be non-oil export-based with focus on the following five key anchors: Value-Adding Exports Facility, Non-Oil Commodities Expansion Facility, Non-Oil FX Rebate Scheme, Dedicated Non-Oil Export Terminal and  Biannual Non-Oil Export Summit.

“The RT200 FX Programme is a set of policies, plans and programmes for non-oil exports that will enable us attain our lofty yet attainable goal of US$200 billion in FX repatriation, exclusively from non-oil exports, over the next 3-5 years,” Emefiele said.

The CBN has been counting on diaspora remittances to boost dollar liquidity, trying its hands on many policies to encourage Nigerians living abroad to send money back home through regulated financial institutions.

The apex bank noted that through these schemes, particularly the Naira4Dollar scheme introduced early last year, there has been significant improvement in foreign currency inflow to Nigeria. Emefiele disclosed that diaspora remittances increased from an average of $6 million weekly in December 2020 to an average of more than $100 million weekly by January 2022.

The CBN governor blamed Naira’s significant depreciation on covid-19 and the plunge in oil prices.

“This is understandable because to the extent that COVID-19 led to significant job losses in many advanced economies, diaspora remittances also suffered commensurate reductions in inflows into Nigeria.

“All these factors jointly explain the heightened pressures on the currencies of major emerging market countries, including Nigeria,” Emefiele said.

Nigeria is oil based economy. The largest economy in Africa derives 90% of its revenue from oil export and thus was severely hit by covid’s headwinds that plummeted oil prices. At the receiving end of oil market’s turmoil is the naira, Nigeria’s currency, which has fallen below N575/$1 in the parallel market and below N440/$1 at the official window, forcing its repeated devaluation.

To stem the tide of insufficient dollar liquidity, the CBN has designed schemes geared at encouraging diaspora remittances. Although oil prices have started rebounding as economic activities reopen globally, the financial industry regulator is building on the programmes to foster a sustainable mechanism for adequate FX liquidity.

Emefiele said that enough lessons have been learnt from its policies on remittances and they can be applied in improving some aspects of the foreign exchange inflow into the country. This means that the CBN is looking to diversify its programmes to include other means of generating forex supply.

The CBN governor said forex inflow into Nigeria will now include four major sources; Proceeds from oil exports, Proceeds from non-oil exports, Diaspora remittances and?Foreign Direct/Portfolio Investments.

Is your product-market fit sustainable?

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To win in markets, you need to have a great product-market fit. It is a spot where the frictions in markets and the “forces” (the products and services) you are creating to overcome them attain equilibrium.

[Bear with me for using big grammar. My grandmother, Lechi, truly liked them because it showed that I was learning in secondary school. How do you come back from school without saying something she could not understand, after all the school fees? ]

So, when Peloton, an experience exercise company, which helped people do exercise at home, was raking it at the peak of the pandemic, I wrote: “before you invest, think beyond Covid-fit to market-fit”. In other words, that product must not just do well during Covid pandemic, but also when normalcy returns.

Normalcy is fairly back and Peloton is crashing. According to CNBC, “the company said in a confidential presentation dated Jan. 10 that demand for its connected fitness equipment has faced a ‘significant reduction’ around the world due to shoppers’ price sensitivity and amplified competitor activity.”

This week, Peloton is replacing its CEO, updating the board and cutting  about 2,800 jobs, and may end up in the museum of also ran. Our prayers with the workers affected.

Is your product-market fit sustainable? Yes, do you have a moat to protect the castle?

Changes are afoot at Peloton. The exercise company announced it is replacing its CEO, cutting around 2,800 jobs and reconfiguring its board. Co-founder John Foley will be replaced as chief executive by Barry McCarthy, Spotify’s former CFO, and will become executive chairman. The layoffs include 20% of Peloton’s corporate positions, but do not affect its roster of instructors.

  • The company has been the subject of frenzied acquisition speculation, with Apple, Amazon and Nike all floated as potential buyers. Foley said the company is open to any deal that “could create value for Peloton shareholders.”

  • Laid-off employees will receive a complimentary 12-month Peloton subscription as part of their severance, Foley said in a press release about the changes.

  • Peloton employees are taking to LinkedIn to post about the layoffs.

According to ProductPlan, “Product-market fit describes a scenario in which a company’s target customers are buying, using, and telling others about the company’s product in numbers large enough to sustain that product’s growth and profitability. According to entrepreneur and investor Marc Andreesen, who is often credited with developing the concept, product-market fit means finding a good market with a product capable of satisfying that market.”

The Product-Market Fit Pyramid framework was created by Dan Olsen