Showing posts with label Technology. Show all posts
Showing posts with label Technology. Show all posts

Friday, April 26, 2024

Nigeria launches first multilingual LLM trained in local languages

The Nigerian government has launched the country’s first multilingual large language model (LLM) that will reflect its diversity and play a major role in its national artificial intelligence (AI) strategy.

Communications, Innovation and Digital Economy Minister Bosun Tijani announced the new LLM at the National Artificial Intelligence Strategy Workshop.

The new LLM will be trained in five “low-resource local languages and accented English to ensure stronger language representation in existing datasets for the development of artificial intelligence solutions.”

The language model is the product of a partnership between the government and the private sector. Awarritech, a local AI firm, and Data.org, a global data democratization initiative by Mastercard (NASDAQ: MA) and the Rockefeller Foundation, represent the private sector. The National Information Technology Development Agency (NITDA) and National Centre for Artificial Intelligence and Robotics (NCAIR) represented Nigeria’s government in the development of LLM.

Additionally, the government relied on over 7,000 fellows from its 3MTT Nigeria program, which targets 3 million graduates who are fully proficient in technical courses, from AI and cybersecurity to cloud computing and machine learning.

One of the greatest challenges facing AI is bias. While policies can help reshape AI to be more inclusive, diversity in AI input will have a greater impact. One key solution is to develop localized LLMs that incorporate language and cultural nuances, resulting in AI that promotes connections globally.

In addition to the new LLM, Tijani announced the launch of the Nigeria AI Collective, a community of industry players pushing for AI development.

“We are inviting AI researchers, practitioners, academia, government, civil society organisations, startups, entrepreneurs, students and AI enthusiasts in general to join the collective to harness the power of artificial intelligence,” the minister said.

Tijani further relaunched the NCAIR, a subsidiary of NITDA focused on developing the two sectors.

By Steve Kaaru, CoinGeek

Wednesday, April 24, 2024

AMN Deploys Starlink Connectivity in Rural Villages in Nigeria

Africa Mobile Networks (AMN) has deployed the company’s first base station in Nigeria that has connectivity via SpaceX’s Starlink constellation, AMN announced last week.

AMN has deployed over 4,000 base stations for cellular backhaul via satellite across Africa and Latin America since 2018. Last year, the company signed a commercial agreement to use the Starlink Low-Earth Orbit (LEO) constellation to connect its mobile network base stations with high-speed, low-latency broadband services.

The company said that with Starlink terminals providing low-latency satellite backhaul, the company was able to deliver the full capability of its multi-carrier radio access node (the ARN) with 3G and 4G as well as 2G. AMN said LEO backhaul also paves the way for AMN to deliver 5G services, targeted before the end of the year.

Installation of new sites continues throughout 2024 in Nigeria, DRC, Cameroon, Madagascar, Ivory Coast, Benin and Rwanda.

By Rachel Jewett, Via Satellite

Related stories: Nigeria becomes first country in Africa to have Starlink

Musk’s Starlink to disrupt ISP market as hope rises for 25m unserved Nigerians

 

 

Bail Hearing in Nigeria for Jailed Binance Exec Postponed Until May 17

Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on money laundering charges.

Gambaryan, an American citizen and former Internal Revenue Service (IRS) special agent, is Binance’s head of financial crime compliance. He and a colleague, Binance’s regional manager for Africa Nadeem Anjarwalla, a dual U.K.-Kenyan national, were arrested and detained on Feb. 26 after flying to Nigeria’s capital city of Abuja to meet with the Nigerian government at the government’s request.

The Nigerian government had previously accused Binance of enabling currency speculation that crashed its currency, the naira. At first, Nigerian officials denied that Gambaryan and Anjarwalla were under arrest, but the pair were put under house arrest upon arrival and, along with Binance, charged with money laundering and tax evasion a month later.

Gambaryan was moved to the notorious Kuje prison – which also houses suspected members of the Boko Haram terrorist group – after Anjarwalla escaped and fled the country under mysterious circumstances. In a cell phone video filmed after Anjarwalla’s escape on March 23, a distressed Gambaryan said he had no knowledge of his colleague’s escape plans and asked the U.S. government for help.

The government’s response to Gambaryan’s imprisonment has been tepid. According to his family, Gambaryan has received only one visit from the U.S. embassy staff since being moved to Kuje prison and has limited access to his legal team.

“There is no justice in what is being done to my husband. I am in a constant state of grief and anxiety, not knowing what other injustice he is going to be put through,” Gambaryan’s wife Yuki Gambaryan said in a statement. “It is outrageous that Tigran, an innocent man, continues to be kept in a prison cell and the ruling on his bail will not be made until after the trial starts…This is just pure cruelty.”

Both Gambaryan and Anjarwalla have filed suit against Nigeria’s National Security Advisor, Nuhu Ribadu, and the Economic Financial Crimes Commission for violating their human rights.

Gambaryan has pleaded “not guilty” to all of the charges against him, which his family has called “bogus.”

The money laundering trial against Gambaryan and Binance will begin on May 2. The tax evasion charges will be tried separately beginning on May 17.

According to Gambaryan’s family, he will spend his 40th birthday in prison.

By Cheyenne Ligon, CoinDesk

Related story: Video - Detained Binance executive appears in court in Nigeria for tax, money laundry charges

Monday, April 22, 2024

Cybercrime reforms in Nigeria leave journalists at risk

The officers treated journalist Saint Mienpamo Onitsha as if he was violent and dangerous. Guns drawn, they arrested him at the home of a friend, drove him to the local police station in Nigeria’s southern Bayelsa State, and then flew him to the national capital, Abuja.

A week later, they charged Onitsha under the country’s 2015 Cybercrimes Act and detained him over his reporting about tensions in the oil-rich Niger Delta region. This was in October 2023. He was released on bail in early February and is due to appear before a court on June 4.

The Cybercrimes Act is tragically familiar to Nigeria’s media community. Since its enactment, at least 25 journalists have faced prosecution under the law, including four arrested earlier this year. Anande Terungwa, a lawyer for Onitsha, described the law to me as a tool misused to “hunt journalists”.

For years, media and human rights groups had been calling for the act to be amended to prevent its misuse as a tool for censorship and intimidation. Then, in November last year, Nigeria’s Senate proposed amendments and held a public hearing to help shape changes. The Committee to Protect Journalists (CPJ), alongside other civil society and press groups, submitted recommended reforms.

On February 28, Nigerian President Bola Tinubu signed amendments to the act, including revisions to a section criminalising expression online, according to a copy of the law shared with me by Yahaya Danzaria, the clerk of Nigeria’s House of Representatives. The changes, which have yet to be published in the government gazette, have buoyed hopes for improved press freedom, but the law continues to leave journalists at risk of arrest and surveillance.

“It’s better, but it’s definitely not where we want it to be,” Khadijah El-Usman, senior programs officer with the Nigeria-based digital rights group Paradigm Initiative, told me in a phone interview about the amended law. “There are still provisions that can be taken advantage of, especially by those in power.”

One of the primary concerns has been Section 24 of the law, which defines the crime of “cyberstalking”. It is this section that authorities repeatedly used to charge journalists, and it is one of the sections that was amended.

Under the previous version of the law, Section 24 criminalised the use of a computer to send messages deemed “grossly offensive, pornographic or of an indecent, obscene or menacing character”, and punished such offences with up to three years in prison and a fine. The same punishment applied for sending knowingly false messages “for the purpose of causing annoyance” or “needless anxiety”. In practice, this meant journalists risked jail time based on highly subjective interpretations of online reporting.

The amended version maintains the heavy penalty, but refines the offence as computer messages that are pornographic or knowingly false, “for the purpose of causing a breakdown of law and order, posing a threat to life, or causing such messages to be sent”. While the narrower language is welcome, the possibility for abuse remains.

“It could have been more specific in wording,” Solomon Okedara, a Lagos-based digital rights lawyer, told me after reviewing the amended section. He said it was an improvement because the burden of proof to bring charges is higher, but still leaves room for authorities to make arrests on claims that certain reporting has caused a “breakdown of law and order”.

It remains to be seen exactly how these changes will affect the cases of journalists and others previously charged under now-amended sections. “It is now for the lawyers to use,” Danzaria explained. “You cannot use an old law to prosecute somebody…if [the case] is ongoing, the new law supersedes whatever was in place.”

For Onitsha’s case, Terungwa said he would seek to incorporate the amendments into his defence in court. CPJ continues to call for authorities to drop all criminal prosecutions of journalists in connection with their work.

Another issue with the law – even after the recent amendments – is how it may permit surveillance abuses. Section 38 of Nigeria’s Cybercrimes Act fails to explicitly require law enforcement to obtain a court-issued warrant before accessing “traffic data” and “subscriber information” from service providers. This oversight gap is particularly concerning given how Nigeria’s police have used journalists’ call data to track and arrest them.

“I’m looking towards a future cybercrimes act that respects human rights,” El-Usman emphasised, noting the need for laws that guard against abuses, not just in Nigeria, but across the region. From Mali to Benin to Zimbabwe, authorities have used cybercrime laws and digital codes to arrest reporters for their work. Journalists’ privacy is also broadly under threat.

Jonathan Rozen, Al Jazeera

Related story: Two arrested in Nigeria for sextortion after Australian boy's suicide

British-Nigerian hacker pleads guilty to $6m fraud in US court

Tuesday, April 9, 2024

Nigerian govt unveils mobile app to track MDAs’ performance

The Federal Government of Nigeria has launched a mobile application that allows citizens to track the activities and performance of ministries and government agencies using their deliverables and key performance indicators.

The mobile application, which is tagged: “Citizens’ Delivery Tracker,” was unveiled by the office of the Special Adviser to the President on Policy and Coordination and Head of the Central Coordination Delivery Unit (CDCU), Hadiza Usman, at Transcorp Hilton, Abuja, on Monday, 8 April.

Ms Usman said the new application is an upgraded version of the previous Delivery Tracker, which would provide a strong feedback loop between the government and the people.

Ms Usman speaks

According to her, the CDCU aims to build public trust in the government and promote transparency and accountability at all levels with the delivery tracker.

“In arriving at the deliverables and key performance indicators, the CDCU, supported by development partners and consultants, held numerous bilateral meetings with all the Ministers, Permanent Secretaries, and their respective technical teams over six weeks.

“The bilateral sessions looked at the mandate of the respective ministries in line with the Presidential Priority Areas and arrived at the final deliverable and KPIs,” she said.

Ms Usman listed some of the areas of priority including reforming the economy to deliver sustained inclusive growth; strengthening national security for peace and prosperity; boosting agriculture to achieve food security, and unlocking energy and natural resources for sustainable development.

Others are to enhance infrastructure and transportation as growth enablers; focus on education, health, and social investment as essential pillars of development; accelerate diversification through industrialisation, digitisation, creative arts, manufacturing, and innovation, and improve governance for effective service delivery.

The presidential aide also noted that the CDCU would ensure that data and information released on the app to the public are accurate and credible.

She added: “We are working to ensure that people cannot decline, dodge, or dispute our data. So, we are looking to have data from the NBS and work in collaboration with MDAs to ensure accuracy.

“Part of citizen engagement is for citizens to point out our errors, allowing us to query our own data whether credible or not.

“We are trying to strengthen the NBS’ capacity to ensure credibility. So, that means anything outside of the approved government data will not be recognised. The government needs to invest in data, recognise the need for data integrity, and hold on to that”.

She said the platform is currently available as a web link on the CDCU website and will soon be available as an app for download.

By Beloved John, Premium Times

Related story: Video - AI-powered phone helps Nigerians with visual impairment access information

Friday, April 5, 2024

Video - Detained Binance executive appears in court in Nigeria for tax, money laundry charges




One of the two executives from Binance, the world's largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday to face tax evasion and money laundering charges.

Binance and two of its executives Tigran Gambaryan, a U.S. citizen and Binance's head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan who is a regional manager for Africa, have been charged with four counts of tax evasion and with laundering over $35 million.

Gambaryan and Anjarwalla were detained on Feb. 26 in connection with a criminal investigation into Binance's activities in Nigeria when they arrived in the country. Anjarwalla escaped from custody and fled the country.

Gambaryan was served with the charges for the first time since his detention during his court appearance and did not take a plea. He will be formally arraigned for the money laundering and tax charges on April 8 and 19, respectively, when his plea will be taken.

Binance itself has not been charged by Nigeria's Economic and Financial Crimes Commission (EFCC), which has argued Gambaryan could face the charges on the exchange's behalf.

Gambaryan's lawyer Chukwuka Ikuazom objected, saying he was "neither a director, partner nor company secretary" and had no written instructions from Binance to face the charges on its behalf.

Ikuazom also argued that since Binance and Gambaryan were jointly charged, he could not take a plea until the exchange, the first defendant in the case, had been served, according to Nigerian law.

Binance, which was not represented in court and had no immediate comment, said on Wednesday that it respectfully requested that Gambaryan, who had no decision-making power in the company, was not held responsible while discussions are ongoing with the Nigerian government.

Gambaryan has asked a Nigerian court to release him.

Nigeria blamed Binance for its currency woes after cryptocurrency websites emerged as platforms of choice for trading the Nigerian naira currency, as the country grappled with chronic dollar shortages. 

By Camillus Eboh, Reuters 

Related stories: Detained Binance executives sue Nigeria's security adviser, anti-graft agency

Detained Binance executive escapes detention in Nigeria amidst probe

Video - Nigeria detains Binance executives

Friday, March 29, 2024

Detained Binance executives sue Nigeria's security adviser, anti-graft agency

Two executives from Binance, the world's largest cryptocurrency exchange, have sued Nigeria's national security adviser's office and the anti-graft agency for violating their fundamental rights and asked the court to set them free.

Tigran Gambaryan, a U.S. citizen and Binance's head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan who is Binance's regional manager for Africa, flew to Nigeria following the country's decision to ban several cryptocurrency trading websites and were detained on arrival on Feb. 26.

Anjarwalla fled the country last week and now faces the prospect of an international arrest warrant.
On Thursday, Gambaryan appeared in a Federal High Court in the capital Abuja requesting Judge Iyang Ekwo declare his detention and seizure of his passport by the National Security Adviser and Economic and Financial Crimes Commission (EFCC) "amounts to a violation of his fundamental right to personal liberty" as guaranteed by Nigeria's constitution.

The executives, who said they had not been informed of any offences committed, requested an order to release them and return their passports, a public apology and a restraining order from further detention.

The judge adjourned the hearing to April 8 without making a ruling because lawyers for the Office of the National Security Adviser (ONSA) and the EFCC were not in court.

Gambaryan and Anjarwalla were caught up in a crackdown following a period during which several cryptocurrency websites emerged as platforms of choice for trading the Nigerian currency, as the country battles a chronic dollar shortages. 

By Camillus Eboh, Reuters 

Related stories: Court in Nigeria Orders Binance to Relinquish Data of All Nigerians Trading on its Platform

Video - Nigeria detains Binance executives

Detained Binance executive escapes detention in Nigeria amidst probe


Monday, March 25, 2024

Detained Binance executive escapes detention in Nigeria amidst probe

 Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria has reportedly escaped from lawful custody, according to sources.

These sources revealed that Anjarwalla, aged 38, escaped on Friday, March 22nd, from the Abuja guest house where he and his colleague were being detained, Premium Times reported.

Guards on duty escorted him to a nearby mosque for prayers as part of the ongoing Ramadan fast.

The British national, who also holds Kenyan citizenship, is believed to have departed Abuja via a Middle Eastern airline.

The circumstances surrounding how Anjarwalla managed to board an international flight despite being in custody and his British passport being held by Nigerian authorities remain unclear.

Authorities are reportedly working to uncover Anjarwalla's intended destination to apprehend him and return him to custody.

According to an Immigration official, the Binance executive fled Nigeria using a Kenyan passport. However, authorities are trying to ascertain how he acquired this passport, as he did not possess any other travel documents apart from his British passport when he was detained.

Before now, WIRED reported that Anjarwalla fell ill while in custody, possibly due to malaria, although the precise nature of his symptoms was unclear.

Nadeem Anjarwalla, Binance's regional manager for Africa, along with Tigran Gambaryan, Binance's head of financial crime compliance and a U.S. citizen had travelled to Nigeria after the country banned several cryptocurrency trading websites to halt what the CBN described as continuous manipulation of the forex market and illicit movement of funds.

Upon their arrival on February 26, they were arrested by the office of the National Security Adviser (NSA), and criminal charges were filed against the two executives.

Binance was instructed to provide the Economic and Financial Crimes Commission (EFCC) with detailed data and information regarding all Nigerian traders on its platform.

According to Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), over $26 billion passed through Binance Nigeria from unknown sources. The government even hit the exchange with a $10 billion fine amidst a crypto exchange probe.

On February 28, 2024, the court granted the EFCC an order to remand the duo for 14 days. Due to Binance’s refusal to comply with the order, the court extended the remand of the officials for an additional 14 days to prevent them from tampering with evidence. The court then adjourned the case till 4 April 2024.

By Adekunle Agbetiloye, Business Insider Africa

Related stories: Nigeria files tax evasion charges against Binance

Court in Nigeria Orders Binance to Relinquish Data of All Nigerians Trading on its Platform

Video - Nigeria detains Binance executives

Nigeria files tax evasion charges against Binance

Nigeria's tax agency has filed tax evasion charges against crypto platform Binance, it said in a statement on Monday.

The cased filed by the Federal Inland Revenue Service (FIRS) in Abuja accuses Binance of four counts of tax evasion.

Binance was not immediately available to comment.

The charges include non-payment of value-added tax (VAT), company income tax, failure to file tax returns, and complicity in aiding customers to evade taxes through its platform, the FIRS said.

By Camillus Eboh, Reuters

Related stories: Court in Nigeria Orders Binance to Relinquish Data of All Nigerians Trading on its Platform

Video - Nigeria detains Binance executives

 

Thursday, March 21, 2024

Video - Nigeria SMEs turn to alternative energy sources to address chronic power crisis



One such small business owner operates a hotel in Nigeria's capital, Abuja. He says he lost a lot of business due to electricity issues. But an investment of 1,000 U.S. dollars in converting his electrical system to solar power is helping to lure customers back.

CGTN

Related stories: Sovereign fund of Nigeria to pilot development of 20 megawatts solar plant

Video - Nigeria suffers from most power cuts in the world

Fifth electricity transmission line vandalised in one month in Nigeria

 

 

 

Tuesday, March 19, 2024

Sovereign fund of Nigeria to pilot development of 20 megawatts solar plant

Nigeria's sovereign fund plans to build a 20 megawatts solar power plant in partnership with a local firm, first phase of a 300 megawatts project, the country's Vice President Kashim Shettima said on Tuesday.

Shettima did not disclose the cost of the project or when construction will start.

Nigeria, with a population of more than 200 million people, has installed power generation capacity of 12,500 megawatts (MW) but produces a fraction of that, leaving millions of households and businesses reliant on petrol and diesel generators.

The vice president said on Tuesday in Abuja at the signing of the joint venture between the Nigerian Sovereign Investment Authority (NSIA) and North South Power (NSP) Company Ltd for the establishment of the Shiroro Generating Company, the country's pioneer on-grid solar-hydro hybrid project.

The Shiroro Generating Company is hybrid project is located in Shiroro, in Nigeria's northwest of Niger state.

Shettima said the 20 megawatt pilot project is embedded within a 300 megawatt solar programme, to be co-located within NSP's existing 600 megawatt Shiroro Hydroelectric Power Plant concession area in Shiroro, Niger State.

"As a nation, our resolve is to take proactive steps to diversify our energy sources, reduce our carbon footprints and ensure a more sustainable future for generations to come," the vice president said in a statement.

"This project will catalyze the realization of other hydro-solar projects and serve as a test case for deployment of solar energy on to the national grid." 

Reuters

Related stories: Fifth electricity transmission line vandalised in one month in Nigeria

Video - Nigeria suffers from most power cuts in the world

 

 

Court in Nigeria Orders Binance to Relinquish Data of All Nigerians Trading on its Platform

The interim order comes after an earlier report that Nigeria wanted Binance to give information regarding its top 100 users in the nation and all transaction history spanning the past six months.

A Nigerian court has ordered Binance to provide Nigeria’s Economic and Financial Crimes Commission (EFCC) with comprehensive information on all persons from the nation trading on its platform, according to a report by the local news outlet Peoples Gazette.

The interim order comes after an earlier report that Nigeria had asked the crypto exchange to hand over the information regarding its top 100 users in the country and all transaction history spanning the past six months. But Justice Emeka Nwite from the Abuja Division of the Federal High Court appears to have granted the motion of EFCC’s lawyer, Ekele Iheanacho which sought information on any Nigerian trading on Binance.

The EFCC is Nigeria’s law enforcement agency that investigates financial crimes.

“The applicant’s application dated and filed February 29, 2024, is hereby granted as prayed. That an order of this honorable court is hereby made directing the operators of Binance to provide the commission with comprehensive data/information relating to all persons from Nigeria trading on its platform,” the judge ordered, the report said.

Nigeria has taken action against the crypto industry for allegedly facilitating illegal capital outflows, which purportedly led to the Nigerian naira weakening to record lows against the dollar. The nation’s authorities have taken a particular interest in Binance’s operations, demanding $10 billion in penalties for enabling some $26 billion of untraceable funds.

Nigerian authorities also detained two of Binance’s senior executives after inviting them into the country to discuss the matter. The court hearing of the two detained Binance executives is scheduled for Wednesday, Reuters reported. Nigerian authorities have also proposed a 400% increase in registration fees for crypto firms.

Binance and the EFCC did not immediately respond to CoinDesk’s request for comment. 

By Amitoj Singh, CoinDesk

Related stories: Nigeria demands Binance disclose top users, executives remain detained

Video - Nigeria detains Binance executives

Monday, March 18, 2024

Video - AI-powered phone helps Nigerians with visual impairment access information



Artificial intelligence (AI) is making a positive impact on the visually impaired community in Nigeria, as they now have access to information through AI-powered mobile phones, even without an internet connection.

CGTN

Related story: App in Nigeria is saving lives by connecting people to pro bono legal services

 

 

Wednesday, March 13, 2024

Nigeria demands Binance disclose top users, executives remain detained

Nigeria is actively seeking information from Binance regarding its top 100 users in the country and all transaction history spanning the past six months, according to a Financial Times report.

This news overlaps with the revelation of the names of the two executives from the cryptocurrency exchange who were detained two weeks ago: Tigran Gambaryan, Binance’s head of investigations, and Nadeem Anjarwalla, the crypto platform’s regional manager for Africa, the Wired reported Tuesday.

Last month, Gambaryan, who was a former crypto-focused U.S. federal agent, and Anjarwalla had their passports confiscated and have been held in confinement at a government facility in Abuja, Nigeria’s capital. Their detainment is part of Nigeria’s broader crackdown on cryptocurrency exchanges, coinciding with questionable efforts by the government to revive the naira, the country’s national currency.

Before their detention, Gambaryan, a U.S. citizen, and Anjarwalla, a dual citizen of the U.K. and Kenya, responded to an invitation from the Nigerian government to discuss Binance operations and the restrictions imposed on the cryptocurrency exchange.

Nigeria’s central bank had expressed concerns about the loss of tax revenue from unregistered crypto exchanges. Additionally, it accused Binance of operating illegally and facilitating “illicit flows from sources and users who we cannot adequately identify,” amounting to $26 billion. As a result, the detained executives may face charges related to currency manipulation, tax evasion and illegal operations, per a Bloomberg report.

However, according to their families, none of the executives have been formally charged with any criminal offenses as of Tuesday. The Financial Times reports that Nigeria’s anti-corruption agency was granted permission to detain both Binance executives for 14 days, which concluded on Tuesday. A proposed hearing to extend the court order is scheduled for Wednesday.

In response to this heightened regulatory scrutiny and contentious negotiation tactics in Nigeria, Binance discontinued its naira (NGN) services last week.

Nigeria’s request for Binance’s top users in the country is the new focal point in negotiations between the largest crypto platform and Africa’s top crypto market. Just last week, local reports claimed that Nigeria’s parliament threatened to issue a warrant of arrest for the company’s executives and summoned Binance CEO Richard Teng to provide explanations regarding investigations into the company’s alleged involvement in money laundering and terror financing.

Meanwhile, documents reviewed by FT reveal that Nigeria, through its national security adviser, has requested that Binance address any outstanding tax liabilities.

By Tage Kene-Okafor, TechCrunch

Related stories: Nigeria plans clampdown on Binance, other crypto firms

Nigeria detains Binance executives in cryptocurrency crackdown

Tuesday, March 5, 2024

Video - 5G network subscriptions in Nigeria increased to 2.3 million in December



Despite this growth, 5G comprises just over 1 percent of Nigeria's total active telephone service subscriptions, with 2G still dominating at 58 percent. Industry experts argue that the higher cost of 5G-enabled devices remains a barrier to wider adoption.

CGTN

App in Nigeria is saving lives by connecting people to pro bono legal services

In October 2021, Shola Usman was arrested and held without charge for eight months in a prison cell in Mabushi Police Station in Abuja, Nigeria. Four months later, a court ordered that assets worth millions of naira (1USD= 908 Naira) belonging to the 44-year-old mother of six be confiscated while she was in arbitrary detention. She had not appeared before a judge.

It was not until June 2022 that she was released from custody on bail, after Nigeria’s Inspector General of Police was made to intervene through an official petition by her lawyer.

Usman, an agricultural entrepreneur who farms staples like rice and maize and sells them to wholesalers and retailers, was accused of defrauding the wife of a powerful politician. She denied all accusations, but still paid the price.

“The politician,” Usman told Quartz, “had the money to drag me from court to court, and used his influence to obtain a court order to freeze my bank accounts, claiming that I committed fraud.” She did not wish to reveal the identity of the politician for fear of further reprisal.

Nigeria, which ranked 150 out of 180 countries surveyed in Transparency International’s 2022 corruption perception index, see graft as resulting in the “perversion of justice, wrongful convictions, and acquittals of guilty parties,” according to the International Bar Association, a 75-year-old organization that aims to protect and advance the rule of law globally. In a recent report, the association said that corruption “weakens the judiciary and other law enforcement agencies, as corrupt officials can be easily manipulated or bribed,” compromising the delivery of justice.

Furthermore, official statistics by the Nigerian Correctional Service indicate another fault with the rule of law in Africa’s most populous country: In 2023, 69% of the 77,849 inmates in Nigeria were pre-trial detainees, including Usman, who was held in a police station for eight months. Based on this fact, Nigeria’s Inspector General of Police intervened to order her release.

In 2017, human rights lawyer Nelson Olanipekun set out to fix this. He established Citizens Gavel Foundation for Social Justice (Gavel), a civic tech organization aimed at improving the pace of justice delivery through the use of technology. Gavel focuses on indigent victims of injustice and uses an online platform to connect inmates trapped in a judicial limbo with lawyers willing to help.

“The initiative was born from a personal experience a long time ago when my father desperately needed legal aid but was only able to get it through a lawyer who had volunteered to stand in for him,” Olanipekun told Quartz.

At her arrest, Usman alleges that policemen raided her home and took two vehicles, then stormed her mobile shop and warehouse, and carted away merchandise and thousands of sacks of produce.


Stranded in a legal purgatory, Usman told Quartz she “endured inhumane treatment while in detention,” including getting hit on the head, and was left to bleed for days, and being “blackmailed” and “hounded by the politician’s loyal policemen.”

Quartz reached out for comment to officers at the Mabushi Police station where Usman was held. The reporter was told that officers are not at liberty to speak to the media and advised to file an official request for comment, which could take months to respond to.

In comments made last year, Nigeria’s Inspector-General of Police vowed to punish erring police officers who fail to abide by the law enforcement mandate and uphold the constitution. But the country’s war on terror has often led to a culture where excessive use of force is rampant.

These slow processes and limited access to justice are what inspired Gavel, says Olanipekun.

After resigning from a career as a corporate lawyer, Olanipekun started spending his days visiting prisons and police stations, where he spoke to people who were unjustly detained in an effort to help secure their release by representing them in court, he recalls.

But even before he started Gavel, which operates in Nigeria and the United Kingdom, Olanipekun dabbled in pro bono work.

He remembers the case of three orphaned young boys in a remote village in Anambra State in southwest Nigeria, who vandalized the roof of the house they inherited from their parents to prevent their uncles from taking the building.

“This was between 2011 and 2012. They were underage and didn’t know what to do when their uncles had them arrested,” says Olanipekun, who attended every court hearing in the boys’ case until he managed to get them out.

A 2023 field study by The Hague Institute for Innovation of Law (HiiL), an international non-government organization committed to people-centered justice, found that 81% of Nigerians experienced at least one legal problem in the past year, with many facing multiple problems mostly related to disputes with neighbors, domestic violence, land disputes, crime, and housing issues.

“The difficulty in gaining timely justice in Nigeria was what inspired Gavel and later [the] Podus application which launched in 2021,” says Olanipekun.

“Podus connects any person in need of legal aid with an available pro bono lawyer near them so that in the shortest possible time, they can get justice,” he explained.

The simple interface, which started as a mobile application before shifting online as a web app, requires complainants to sign up, then fill out an online form where they select one of nine categories including rape, extortion, domestic abuse or defamation, select the region, then describe details of their case and add their name and contact information.

Clients are then connected to one of Gavel’s network of 200 volunteer lawyers in their vicinity all over Nigeria, who take on their case in return for appearance fees and stipends to cover basic costs, which Gavel pays through funds donated by sponsors, partners, and agencies like Osiwa, Luminate, Civic Hive, Trust Africa and BudgIT. Partnering lawyers are thoroughly vetted through an extensive examination of their record as human rights advocates and their contribution to their local bar associations.

According to Adewole Ibukun, Head of Procurement at Gavel, the organization has helped release over 5,000 pretrial detainees.

“Many of them were remanded in custody because they didn’t have a lawyer,” Ibukun told Quartz. “Others are summarily locked up by police for crimes they did not commit, in which case Gavel facilitates their bail.”

A 2021 Centre for Democracy and Development (CDD) report about Nigeria’s human rights record over the last two decades supports Ibukun’s statements.

The report highlights unlawful detention as a persistent human rights violation, whereby “citizens continue to be unlawfully detained under harrowing pre-trial detention for years without formal charges being brought against them,” noting that Nigerian police routinely charge suspects with grave offenses to detain them while making little effort to investigate or prosecute the cases.
 

A tech-assisted lifeline at a critical human moment

Gavel’s services were a lifeline for Shola Usman, who,, had lost access to her bank accounts and was forced to borrow to stay out of prison. Usman herself — a wealthy business owner — doesn’t technically fit the traditional profile of Gavel’s pro bono clients. But the company made an exception, as she had been left with no access to her own funds.

“A friend sent me the link on WhatsApp and as soon as I created my case I was assigned to Barrister Oluwaseyi Arowosebe. Gavel has been supporting me since August 2022,” said Usman.

Despite its complexity, Usman’s case appears simple compared to that of Daniel Jagaba, a 51-year-old father of three who was falsely accused of rape in 2017.

Jagaba, who was precariously employed in menial work like house-painting and carpentry, was released soon after his arrest for lack of sufficient evidence.

“But the police officer who was investigating the case rearrested me and demanded a bribe of 50,000 naira [equivalent of $137 at the time] to grant me bail,” Jagaba told Quartz. “When I failed to raise the money, I was kept in pre-trial detention pending the transfer of my case to an appropriate court.”

When the case was filed at a High Court, the trial lingered between 2018 and 2019. Then, the covid pandemic broke out, delaying proceedings another two years, Jagaba said, at which point the case was moved to another high court presided over by a new judge who restarted the trial.

“I was in prison when the Gavel team visited to offer their pro bono services. My lawyer had abandoned me after stripping me of what little money I had, so I asked for their help and told them my story,” he said.

“When Gavel eventually started to follow up on my case, the corrupt prosecutor, who I found out while in detention had conspired with the policeman, stopped attending the court hearings,” Jagaba said.

Jagaba’s Gavel-appointed lawyer made several attempts to strike down the case for want of diligent prosecution, until Jagaba was finally acquitted and discharged in October 2022.
 

A path to change

Lawyer and Gavel’s legal representative in Abuja, Abioye Mosunmola, cites procedural bottlenecks as a reason behind the slow legal processes.

“Judges still write in longhand during court proceedings, and there are many other outdated practices,” Mosunmola told Quartz.

“Gavel’s tech initiatives propose the infusion of tech into court processes to make it easier for lawyers to carry out their legal tasks, and for judges to dispense justice,” Oluwaseyi Arowosebe, a lawyer and consultant with Gavel, told Quartz.

“The police arbitrarily arrest innocent citizens and detain them for weeks and months without a remand warrant and without charging them to court,” said Arowosebe. “Corrupt judges sell justice to the highest bidders, and innocent people are robbed of their fundamental human rights by state actors who have no respect for the rule of law.”

In a collaboration between Gavel and the National Judicial Council (NJC) in 2022, the Oyo State Judiciary deployed the Nigeria Case Management System, a web platform that seeks to automate case flow management in the courts to facilitate the safe electronic exchange of documents between the different court levels.

In Lagos, Gavel partnered with the Lagos State Ministry of Justice to deploy the Justice Clock, which gives complainants access to their case files and legal advice online.

But these initiatives are no panacea for the country’s systemic challenges to the rule of law.

The corruption and dysfunction that plagues Nigeria’s legal system has been thoroughly documented, in particular the human rights violations committed by the now defunct Special Anti-Robbery Squad (SARS), a unit of the Nigerian police tasked with fighting violent crimes.

In October 2020 the #EndSARS campaign in which Gavel took part, saw at least 56 people killed by excessive use of force by the police and military, leading to the disbandment of the unit by presidential decree within days.

But other pro-democracy actions were met with resistance, according to Nelson Olanipekun, Gavel’s founder, citing his organization’s recent bid to report what it calls“compromised” Court of Appeal judges to the National Judicial Council (NJC), the constitutional body responsible for disciplining errant judges.

Quartz received a copy of the NJC’s acknowledgement that it had received Gavel’s Nov. 28 petition regarding the “recklessness and gross abuse of the revised judicial code of conduct for judicial officers” in Nigeria, informing Gavel that “action is being taken.”

“Yet despite the assurances, the NJC still promoted the accused judges to the Supreme Court,” said Olanipekun.

“The repressive nature of state actors is one hell of a problem to contend with,” said Olanipekun.

This story is published in collaboration with Egab.

By Chidi M. Nwachukwu, Quartz

Related story: Set them free! The judge who liberates Nigerians forgotten in jail

Binance to halt naira services amid ongoing regulatory probe in Nigeria

Binance will discontinue its naira (NGN) services in response to heightened regulatory scrutiny in Nigeria, it said in a blog post today. The cryptocurrency exchange will begin delisting any existing NGN spot trading pairs by Thursday, March 7. It advised users to withdraw, trade, or convert their NGN assets into crypto before the service discontinuation. Any remaining NGN balances in users' spot and funding wallets will be converted to USDT on Friday, March 8, it noted.

By Wednesday, March 6, Binance will also delist NGN services on its auto-invest tool and remove the currency from the list of supported payment options on Binance Pay.

This development follows recent regulatory actions by the Nigerian government, which imposed restrictions on both local and foreign cryptocurrency exchanges, including Binance. As a result, users have encountered accessibility challenges on the Binance website.

Last week, the Central Bank of Nigeria, the country's apex bank, said Nigeria was losing out on taxes from unregistered crypto exchanges and accused Binance of facilitating "illicit flows from sources and users who we cannot adequately identify" to the tune of $26 billion.

What followed was the reported detention of two Binance officials after they were invited to Nigeria to discuss the regulatory restrictions. According to Bloomberg, the officials were held because Binance was operating illegally in Nigeria. The detained officials may allegedly face charges related to currency manipulation, tax evasion, and illegal operations, although formal charges have not yet been filed.

Several reports indicate that the Nigerian government, alleging Binance's involvement in manipulating foreign exchange rates through currency speculation and rate fixing, intensified its scrutiny of the platform by requesting nearly $10 billion in compensation. However, both Nigeria and Binance have refuted these claims regarding the fine.

The ongoing legal dispute between the world's largest crypto platform and Africa's top crypto market is still unresolved. Recently, Nigeria's parliament exacerbated the situation by threatening to issue a warrant of arrest for the company’s executives. Furthermore, they summoned Binance CEO Richard Teng to provide explanations regarding investigations into alleged involvement in money laundering and terror financing, as reported by local sources.

By Tage Kene-Okafor, TechCrunch

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Monday, March 4, 2024

Businesses in Nigeria turn to Moniepoint instead of traditional banks

Chidi Ebule keeps at least 10 payment machines on the check-out counter of his grocery store in Lagos, so his customers can use cards from any bank or fintech company they prefer. But in recent months, he has needed to use only one machine for most transactions: the one provided by local fintech major Moniepoint.

“I try to use another POS [point of sales] machine, [but customers] will say, ‘Please don’t put my card in that. Use Moniepoint,’” Ebule told Rest of World. “The customer knows there could be an issue when you use the other [terminals], and he does not have power over the bank.”

Moniepoint’s light-blue payment machines have become ubiquitous across Nigeria — from megastores in Lagos to roadside shops in Kano. Shoppers prefer it to other options because Moniepoint offers a lower-than-average transaction decline rate and instantly reverses transactions in case of failed payments. The Lagos-headquartered company, founded in 2015, has expanded its footprint across the length and breadth of Nigeria, and is now available across all 774 local governments in the country, according to its website.

“Merchants don’t care about lofty claims about financial inclusion. All they want is to see their transactions have gone through and get the instant payment alert,” Nchedolisa Akuma, senior fintech analyst at market intelligence firm Stears, told Rest of World. “Moniepoint appears to be quite intentional about market intelligence and gathering real-time market intel, which made them quite nimble.”

In 2023, Moniepoint reportedly recorded 5.2 billion transactions, worth over $150 billion. The same year, it ranked second in the Financial Times’ list of Africa’s fastest-growing companies. By January 2024, around 2.3 million businesses were using Moniepoint’s payment machines, a company representative told Rest of World. The bulk of Moniepoint’s earnings come from the transaction charges on its point-of-sales machines and its online payment gateway. It also has a microfinance bank license and offers business loans.

When it first launched, Moniepoint was named TeamApt, and built software for traditional banks. In 2019, it obtained a government license for agency banking — a model that allows companies to act as intermediaries between banks and their customers.

“We just felt that banks are not executing these things the right way, and can we get into this space and execute it right?” Tunde Olofin, managing director of Moniepoint’s banking arm, told Rest of World.

So far, Moniepoint has raised over $57 million from investors such as QED Investors, Quantum Capital Partners, and Global Ventures. The company’s growth is aided by its network of more than 600,000 on-the-ground “business managers,” who earn commissions for onboarding business owners to the platform and distributing the POS terminals, Olofin said.

In early 2023, when Nigeria experienced an acute cash crisis after the government changed the currency’s design, Moniepoint came to the rescue of many small businesses.

Oberry Agamah, who owns a phone accessories shop in Lagos, told Rest of World she started using Moniepoint’s payment machines during that time. The ones provided by other banks could not process transactions smoothly, she said, due to the pressure on the country’s banking infrastructure.

Before she began using the Moniepoint machines, Agamah’s business suffered: She struggled to process customers’ transactions, and had to deal with shoppers who bought goods and disappeared after making unsuccessful digital transfers.

“Before, receiving transfers in our normal accounts was hell — they wouldn’t go in time, and customers were going away with our money,” Agamah said. “The experience with Moniepoint is very nice, and it has made my business very easy in the aspect of receiving transfers, and I receive [them] very fast.”

Moniepoint’s systems are designed to expand based on the volume of transactions, Solomon Amadi, the company’s vice president of payment infrastructure, told Rest of World. “Many of the other players in the industry don’t have a lot of control over their core banking, [but] we do … and we have optimized that process well enough that the customer is priority,” he said.

In June 2023, Moniepoint’s closest rival in Nigeria was Chinese-owned fintech OPay — backed by SoftBank Vision Fund and Sequoia Capital China. OPay had a 37% share of the Nigerian point-of-sales agents network, according to the Nigerian Financial Services Report. Moniepoint came in second with a 20% share.

But Moniepoint is better placed than its rivals because of the bouquet of financial services it offers, Olaoluwa Oyedele, vice president of growth and product at Lagos-based fintech startup Earnipay, told Rest of World.

“Moniepoint has a couple of license categories that allow them to do different things,” Oyedele said. “They have a microfinance bank license which allows them to collect deposits, and a payment terminal service provider license which allows them to issue POS terminals. With these two license categories working hand-in-hand, they can target offline payment businesses or industries. That is where they have built a very impressive distribution network. The offline payment, for context, is the biggest payment opportunity in Nigeria.”

Moniepoint’s business managers — well-known members of local communities who serve as liaisons between the company and its users — are central to its growth, Edidiong Uwemakpan, vice president of communications, told Rest of World.

To build this network, “we studied a number of informal networks in the country … [including] the National Union of Road Transport Workers, churches, and people with branches everywhere,” Uwemakpan said. “How are these people able to collect money from everyone and balance their books? Because at the end of the day, what we were building were human branches across the country.”

The business managers don’t get a salary but receive a sign-up fee of 8,500 naira ($5.44), and monthly commissions on the transactions made through each POS terminal they manage.

“If you work hard and make enough people sign up for POS, you are in business, you are in money,” Fabusoye Tolu, a Moniepoint business manager, told Rest of World. “You earn commissions, and that is even far better than earning a salary because if you earn a salary, it will be capped at a particular figure. With commissions, your earnings do not have a limit.”

Tolu declined to disclose how much he earns from commissions, but said he often targets big businesses that generate high cash flow so that he can earn more at the end of the month.

By Ope Adetayo, rest of world

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Nigeria Summons Binance CEO Over Alleged Terror Financing

Binance troubles in Nigeria take yet another turn. After authorities blocked the exchange’s website, shut down its P2P marketplace, and detained two of its executives, the government is now looking to summon Binance’s CEO, Richard Teng, over allegations of terror financing and money laundering.

Nigeria Issues Ultimatum to Binance

Local news outlet Punch reported that Nigeria’s House of Representatives Committee on Financial Crimes has issued a seven-day ultimatum to Binance’s CEO to appear before the committee on or before Monday, March 4.

The regulator’s summoning follows recent allegations of suspicious funds flowing through the exchange’s Nigerian arm in 2023. Central Bank of Nigeria Governor Olayemi Cardoso highlighted that $26 billion had passed through Nigeria via Binance in 2023 from unidentified sources and users.

Chairman of the Committee on Financial Crimes, Ginger Onwusibe, warned that the committee will invoke its constitutional powers if Binance’s CEO, Richard Teng, refuses to appear before the court. Despite repeated invitations, Teng has been unwilling to address the Nigerian government’s concerns regarding compliance with its business and financial laws.

Onwusibe emphasized the committee’s commitment to fighting financial crimes, citing the constitutional mandate to protect Nigerians and the country’s finances.

The allegations of terrorism financing, money laundering, and tax evasion, amongst others, leveled against Binance are damning enough. At this material time, we need all the tax dollars to block the leaks and channels to financing terror.” he added.

Onwusibe concluded by urging Binance to fulfill its obligations, including paying taxes and establishing a physical office for citizen complaints.

Why This Matters

Binance has been under intense scrutiny over the last year from regulators worldwide. Its regulatory woes in Nigeria could further complicate its operations and raise questions about its compliance.

By Insha Zia, DAILYCOIN

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Nigeria detains Binance executives in cryptocurrency crackdown

Nigeria plans clampdown on Binance, other crypto firms

Friday, March 1, 2024

Video - Nigeria detains Binance executives



Two senior executives of Binance flew to Nigeria following the country's decision to ban several cryptocurrency trading websites. But they were detained by the office of the country's national security adviser and their passports were seized following their arrival in the country.

CGTN

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Nigeria detains Binance executives in cryptocurrency crackdown

Nigeria plans clampdown on Binance, other crypto firms