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Home Blog Page 5517

The New Graduates of Baze University

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Let me congratulate Senator Ifeanyi Ubah for graduating from Baze University Abuja with a bachelor of law degree yesterday. Sure, he has gotten that paper but of course the Senator does not need any certificate. There are many positives looking at the graduating class with Senator Dino Melaye, and Osita Chidoka (ex-federal minister). 

Yes, getting an extra degree could possibly become the evening beer parlour culture. And if that happens, it would be a huge positive for Nigeria. One of the graduates holds a PhD and is a deputy managing director in one Nigeria’s largest banks. 

I congratulate them, not because they will remember where those certificates are in 24 hours, but as a sign to challenge young people that education is not just about jobs, but mind liberation and acquisition of knowledge. If not, Senator Ubah who employs thousands will have nothing to do with a university!

Role Of Constructive Criticisms In Nation-Building

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Though it has different interpretations by various individuals, entities, and schools of thought across the globe, criticism is arguably a veritable tool in countless human endeavours.

It can be defined as the expression of disapproval of someone or something. In the same vein, a critic of a person, policy or system disapproves of them and expresses such a view publicly.

One who writes reviews and expresses opinions about books, films, music or any art work having considered it carefully can equally be referred to as a critic. Hence, it’s all about expressing a contrary view about something or someone in strong terms.

Criticism remains a matter of flushing out certain thoughts, policies and/or attitudes, or trying to change them. It is to show that things are not as self-evident as one believes.

Thus, criticism ensures that what is accepted as self-evident will no longer be accepted as such. It suffices to say that observance criticism in any society is a matter of making facile gestures or remarks difficult.

Criticisms are essential recipes in any area of human endeavour. For instance, in steward-client relationship, if the latter has a criticism to tender, it means he or she wants to give feedback on the services being rendered to him/her, thereby creating an opportunity for the former to learn more about the person he is working for and how to convert them into a satisfied client member. Same measure is applicable in a trader-customer relationship.

Similarly, in a business venture, working or partnering with someone who is patient and able to receive as well as act on criticism signifies that both parties involved can work towards a better or greater outcome. Furthermore, in movie production, criticism enables the producer to know what his audience actually wants.

If one always thinks he is right but doesn’t get feedback from anyone else, he wouldn’t know if he is really doing well. Whether you are selling, servicing, performing, or leading, listening and acting on those honest views or reactions will tell you precisely what is good and what could be done better. Perhaps, you can use the information to change your performance, exhibition or product, as the case may be.

In public service, criticism has the tendency of guiding the public servants away from bad practices, and towards good and acceptable ones. It would enable the said workers to take a step back or have a rethink with a view to making amends or adjustment where need be.

The socio-political arena is not left out while discussing the inevitable role of criticism in nation-building. Undoubtedly, a little constructive criticism from the members of the public such as the civil society groups, the electorate, the religious organizations, or what have you, channeled towards the political office holders can yield the anticipated change in the country or society in question.

Considering the positive impact of constructive criticism, there is no gain reiterating the fact that it is indeed a welcome gesture or required factor toward the socio-economic development of any nation, hence ought to be sustained. To this end, there is a need for us to acknowledge that the language we use in response to criticism is vitally important.

Whenever criticism is tendered by any concerned individual or group, the recipient is expected to try at all costs to avoid getting into an argument. Instead, they should turn the exchange into a discussion on how to resolve the predicament. Such an approach would keep the door open for the required change or correction.

Also, criticisms are not meant to be taken personally. Even if one feels he or she is being criticized unfairly, he shouldn’t retaliate with an extreme knee-jerk reaction. Such a response will worsen the situation and can even harm the person’s reputation as well. Therefore, it is important to always remember to not be offended by someone’s remarks even if you think it is a personal attack.

On the other hand, having noted the enormous significance of constructive criticism in nation-building, there is also a compelling need for the critics to be mindful at all times when tendering their criticisms. They ought to know when to tender the criticism and how it ought to be presented.

It’s worthy of note that some critics lack the orientation on when and how to present their criticism. This set of persons invariably tender their contrary opinions as a form of antagonism, thereby making the supposed/target recipient misunderstand the gesture.

More so, critics are meant to comprehend that criticism is expected to be accompanied by the presumed remedy to the anomaly that is being criticized. Most so-called critics usually end up raising a cloud of dust in the name of criticism.

Unequivocally, a criticism that is not tendered with a presumed solution to the problem being criticized is simply a mere noise that is intended to cause a pandemonium or controversy rather than addressing the situation at hand.

In view of these assertions, everyone at all levels including political leaders, followers, craftsmen, traders, businessmen, teachers and public servants, as might be the case, is expected to take criticism seriously regardless of the circumstance in order not to abuse the remarkable tool.

Criticism is arguably a veritable device, but it’s however required to be deployed reasonably and selflessly.

Tekedia Institute Unveils A New Program “Startup Masterclass: from Start-up to Unicorn”

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Tekedia Institute has unveiled a new program called Tekedia Startup Masterclass: from Start-up to Unicorn.

Tekedia Startup Masterclass: from Start-Up to Unicorn is designed to help founders, entrepreneurs, and those generally working in the startup ecosystems, to master the mechanics of building category-king startups. The program runs for 8 weeks and it includes an hourly one-on-one Zoom session every week, per participant, with Tekedia Institute’s Lead Faculty, Prof Ndubuisi Ekekwe.  In other words, each participant will have a total of eight one-on-one Zoom sessions, providing the opportunity to answer the participant’s questions.

This program is on-demand which means you can enroll and begin anytime. The goal is to help the participant master modern mechanics which are used to scale and blitzscale ideas into unicorns (startups with a minimum of $1 billion in valuation).

The cost is $400 or N180,000 naira per participant. Go here for the full curriculum and enroll.

A sample certificate which is awarded after completion.

NCC Issues Warning About Dangerous Malware (Hublot) Circulating

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The Nigerian Communications Commission (NCC) has warned Nigerians about a dangerous malware in circulation, which it described as “extremely damaging.” The malware called “FluBot” attacks Android mobile banking applications, according to the Commission.

The telecom industry regulator said the Flubot impersonates Android mobile banking applications to draw fake web views on targeted applications and its goal transcends stealing personal data and essentially targets stealing of credit card details or online banking credentials.

A statement issued by NCC’s Director of Public Affairs, Ikechukwu Adinde, explained in details how the viral malware is being used to target bank account holders.

“According to the information received today (Thursday), October 21, 2021, from the Nigeria Computer Emergency Response Team (ngCERT), Flubot targets Androids with fake security updates and App installations.

“The FluBot is circulated through SMS and can snoop on incoming notifications, initiate calls, read or write SMSes, and transmit the victim’s contact list to its control centre.”

The Commission further explained that the malware attacks Android devices by pretending to be FedEx, DHL, Correos, and Chrome applications and compels unsuspecting users to alter the accessibility configurations on their devices to maintain continuous presence on devices.

The statement adds: “The new malware undermines the security of devices by copying fake login screens of prominent banks, and the moment the users enter their login details on the fake pages, their data is harvested and transmitted to the malware operators’ control point from where the data is exploited by intercepting banking-related One Time Passwords (OTPs) and replacing the default SMS app on the targeted Android device.

“Consequently, it secures admittance into the device through SMS and proceeds to transmit similar messages to other contacts that may be on the device it has attacked enticing them into downloading the fake app.

“It suffices to say that, when Flubot infects a device, it can result in incalculable financial losses.

“Additionally, the malware creates a backdoor which grants access to the user’s device, thus enabling the invader or attacker to perform other criminal actions, including launching other variants of malware.”

The NCC subsequently issued an advisory to protect telecoms consumers from falling victim.

The guidelines listed by the commission are: “Do not click on the link if you receive a suspicious text message, and do not install any app or security update the page asks you to install; use updated antivirus software that detects and prevents malware infections; apply critical patches to the system and application; use strong passwords and enable Two-Factor Authentication (2FA) over logins and back up your data regularly.

“If you have been affected by this campaign, you should reset your device to factory mode as soon as possible. This will delete any data on your phone, including personal data; do not restore from backups created after installing the app; you will also need to change the passwords to all of your online accounts, with urgency, around your online bank accounts; if you have concerns that your accounts may have been accessed by unauthorized people, contact your bank immediately.”

Nigeria’s eNaira to be Unveiled on Monday – CBN

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Three weeks after missing its scheduled launch, the Central Bank of Nigeria (CBN) has said that President Muhammadu Buhari will unveil the e-Naira on Monday, October 25.

The unveiling of e-Naira, the much touted Nigerian Central Bank Digital Currency (CBDC) was shelved on October 1, after the CBN said the launch could not possibly go alongside key Independence Day activities.

The financial regulator cited Independence Day for the cancelation, although a cease and desist letter issued to the central bank over the name, e-Naira, later surfaced, suggesting that there could be another reason while the e-Naira launch was postponed.

Enaira Payment Solutions Limited, a business entity incorporated since 7th April 2004, had approached the court alleging infringement of trademark and violation of corporate name. The company had prayed to the court to stop the apex bank from unveiling the digital currency.

However, the Federal High Court, presided over by Justice Taiwo Obayomi Taiwo, ordered that the unveiling should proceed in national interest and economic advancement. The court had expressed the view that the aggrieved company stands the chance to be adequately compensated in damages.

With the dust settled, a statement signed by CBN’s Director of Corporate Communications, Osita Nwanisobi, said the e-Naira is now expected to be activated on Monday.

“President Muhammadu Buhari is scheduled to formally unveil the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira, on Monday 25 October 2021, at the State House, Abuja.

“The launch of the eNaira is a culmination of several years of research work by the Central Bank of Nigeria in advancing the boundaries of payments system in order to make financial transactions easier and seamless for every strata of the society.

“Following series of engagements with relevant stakeholders including the banking community, fintech operators, merchants and indeed, a cross section of Nigerians, the CBN designed the digital currency, which shall be activated on Monday, October 25, 2021.

“The eNaira therefore marks a major step forward in the evolution of money and the CBN is committed to ensuring that the eNaira, like the physical Naira, is accessible by everyone.

“Given that the eNaira is a journey, the unveiling marks the first step in that journey, which will continue with a series of further modifications, capabilities and enhancements to the platforms.

“The CBN will continue to work with relevant partners to ensure a seamless process that will benefit every user, particularly those in the rural areas and the unbanked population.

“Since the eNaira is a new product, and amongst the first CBDCs in the world, we have put a structure to promptly address any issue that might arise from the pilot implementation of the eNaira.

“Accordingly, following Monday’s formal launch by the President, the Bank will further engage various stakeholders as we enter a new age consistent with global financial advancement.

“The theme of the eNaira is: “Same Naira, more possibilities,” the statement said.