By Ronaldson Diete-Spiff, Esq
The National Information Technology Development Agency (NITDA) has issued a Code of Practice (Code) for Intelligently Computer Benefit Platforms/Internet Mediators and Conditions for Working in Nigeria. The NITDA was denoted with the statutory powers under Section 6 of the NITDA Act 2007 to standardize, arrange and create administrative systems for all Data Innovation (IT) practice in Nigeria.
By: Nneka Oduada Eze (Esq)
The Chief Judge of Rivers State Judiciary, Justice Simeon Amadi has approved the establishment of an Alternative Dispute Resolution Unit in the state judiciary. He disclosed this while meeting with a delegation from Babes Bolyai University, Romanian and the University of Port Harcourt on Friday, 8th April, 2022. Also, he announced the approval for the registration of Multi-Door Court House across the local government areas of the state.
By: Nneka Oduada Eze (Esq)
The Federal Competition and Consumer Protection Commission (hereinafter referred to as “the FCCPC”) has disclosed that Digital Money Lenders who are willing to continue operations in Nigeria must agree to certain conditions as laid down by the FCCPC.
The Executive Vice Chairman and Chief Executive Officer of the FCCPC, Babatunde Irukera, disclosed that some of the money lenders under investigation, or whose bank accounts have been frozen amongst others have agreed to cease and desist from messaging people on contact lists or third parties borrowers/defaulters.
By Emmanuel Adefeso Esq.
The Central Bank of Nigeria (CBN) has warned Nigerians to avoid dealing with illegal and unlicensed financial operators who lure and defraud members of the public.
The Apex Bank in its statement said the increase in the activities of Illegal Financial Operators (IFOs) is becoming worrisome and portends a grave risk to public confidence and the stability of the Nigerian Financial System. The statement contained as follows: “The Financial Services Regulation Coordination Committee (FSRCC) wishes to draw the attention of the general public to the worrisome increase in the
By Emmanuel Adefeso Esq.
NIGERIA’s electricity grid collapsed around 5pm on Tuesday, which was less barely 48 hours after it collapsed on Monday, a development that caused widespread darkness across the country.
Power distribution companies again alerted their customers about the collapse, as it was gathered that the meeting summoned by the Federal Government on Monday over issues in the sector, had to drag on till late night on Tuesday. The grid collapse further prolonged the blackouts witnessed across the country, amidst the current energy crisis in the petroleum sector in Nigeria.
