The Nation Newspaper

Category: e-Business

  • Etisalat: Nigeria mustn’t miss digital switch over deadline

    Etisalat: Nigeria mustn’t miss digital switch over deadline

    Etisalat Nigeria has warned against missing the digital switch over (DSO) date set by the International Tele-communications Union (ITU). The firm said it would not be in Nigeria’s interest.

    The ITU has set next year for all member-countries to switch off all analogue transmission infrastructure and move over to the digital mode.

    The National Broadcasting Commission (NBC) is on the vanguard of complying with the directive. It said it would achieve DSO before the year ends to enable it tighten loose ends ahead of the deadline.

    Etisalat’s Director, Network Engineering Temi Ogunbanbi said if the country fails to achieve DSO, it will not only become a dumping ground for analogue transmitters, it will also make the country uncompetitive  internationaly.

    Speaking during an interactive session with ICT editors in Lagos, he said the spectrum that would be freed by the NBC to the Nigerian Comunication Commission NCC) will be of great value to the telecoms sector, lamenting that the dearth of spectrum has not allowed the telco to deploy more advanced technology.

    He said the telco has invested enormously to grow the network to achieve the excellent services it is rendering to the customers despite the challenges in the sector, where power supply is erratic and vandalism of telecoms infrastructure rampart.

    He said IHS, which bought its “passive towers”, has promised to deploy alternative energy sources to low operating cost, especially the cost of fuelling generators at base transmission stations (BTS).

    Speaking on the achievements of the telco, its Chief Executive Officer, Mathew Willsher, said it has grown its subscribers’ strength, adding that the future is bright for the telco as the NCC intensifies efforts at ensuring a level playing field for all players.

    “We have acquired 20 per cent more customers. We are just 19.5million customers, which up from 15.3 million same time last year; that’s very good growth our proportion of the market is now 15 per cent , so over the last six years, we have grown our business and establish as a major player in the market. We are very encouraged by the growth.

    “Of course, it is a company that was built on great customer experience, we are leaders in customer satisfaction, but it is very important that we continue to do so though with new customers, there will be increasing demand and increasing pressure on the network.

    “We are not standing still; we are investing and of course expanding capacity so that we can remain leader in their minds for their experience and remain leader indeed in the industry’s mind as we already are for network quality recognised by the NCC.”

  • Knowledge vital to competitiveness, says NCS

    Knowledge vital to competitiveness, says NCS

    For Nigeria to remain competitive in the global economic space, knowledge, driven by muti-stakeholders collaboration, is required, the Nigeria Computer Society (NCS) has said.

    According to a communiqué at the end of its 25th Annual National Conference in  Enugu,   stakeholders and attendees agreed that ICT is an enabler for growth and national development, capable of being the highest employer.

    It was also agreed that competitive advantage in business has always been driven by knowledge adding that multiple stakeholders need to collaborate to build strong partnerships in the transformation of Nigeria from information society to knowledge-based economy.

    The experts also averred that a knowledge-based economy is predicated on the production and dissemination of ideas and that there is the urgent need to recognise knowledge as a resource that can be codified, registered and made tradeable.

    In view of this, it was agreed that there was the need for a well-concerted investment in knowledge production through ICT and to achieve this requires immediate domestication and localisation of Nigeria ICT policy through the various tiers of government and laterally across Ministries, Departments and Agencies (MDAs) of the government.

  • ‘ICT bridges digital divide between young, old’

    ‘ICT bridges digital divide between young, old’

    A new study from Ericsson ConsumerLab carried out in the United States (U.S.) has shown that seniors who use communications technology feel more enriched, informed, younger and more in touch with others and society. This is the first generation of seniors who are able to utilise a wider range of communication technology in older age.

    Commenting on the result, Senior Advisor, Consumer Insights at Ericsson ConsumerLab, Ann-Charlotte Kornblad, said: “They see it as a perfect tool, with its easy handling enabling them to have conversations with close friends and family. It also allows for the details and circumstances of life to be shared.” The results of the “Connecting the Senior Generation” report can be read in full here. Ericsson ConsumerLab conducted 30 interviews with seniors between the ages of 65 and 75 in the San Francisco area, with an additional eight in-home interviews also carried out.

    In a statement, those who have adopted the technology feel more enriched, informed, young, and in touch with others as well as what is happening in society. In short, they feel they have an improved quality of life.

  • Proliferation of fake phones worries Samsung

    Proliferation of fake phones worries Samsung

    Samsung Electronics West Africa has expressed dismay at the rate which mobile phones are being counterfeited in the country, lamenting that it has robbed many of their money and caused them trauma.

    Its Director, Information Technology & Mobile Division, Emmanouil Revmatas, said the firm is taking a multi-pronged approach to address the problem.

    Revmatas, who spoke on the sideline during the launch of Samsung biometric scanner enabled Galaxy Tab S in Lagos, said the firm was working with trade associations to find ways to protect the customers by way of “legitimising the business on the one hand and also working with the dealers to buy legitimate products.”

    He said: “We will also intensify our campaigns to get the customers educated that there are ways of checking their mobile phones before paying for them through checking the IMEI number. We are also working with the various agencies of government. It is a multi-faceted approach. The people engaged in this illicit business continue to be relentless.”

    He said the new flagship tablet, the Galaxy Tab S, is available in the country, adding that the Galaxy Tab S combines an advanced high definition display technology with a full range of premium content, aimed at providing consumers with an unrivalled entertainment experience.

    He explained that the Galaxy Tab S is Samsung’s thinnest and lightest tablet which features a 10.5-inch screen alongside the most advanced super-AMOLED display with a resolution that is twice the high-definition standard associated with other devices in its category. It is also powered with enhanced productivity features for effortless multitasking, all elegantly housed in a beautifully crafted premium design.

    Its Managing Director, Mr. Brovo Kim, said the device will redefine how technology innovation enhances the quality of life.

  • N159b e-frauds: ISSAN urges passage of cybercrime bills

    N159b e-frauds: ISSAN urges passage of cybercrime bills

    The Information Security Society of Africa, Nigeria (ISSAN) and major stakeholders in the banking industry have urged the National Assembly to expedite action on the passage of the cybercrime bills pending before it to curb the raft of electronic frauds.

    The group lamented that between 2000 and last year, a whopping N159billion was stolen from banks, arguing that if there is a law that deals with e-fraudsters, the situation may have been different.

    Its President, David Isiavwe, said the proliferation of e-payment channels, which has brought banking  closer to customers has further increased the challenge of cyber crime.

    He urged firms  to  explore a more comprehensive approach to protecting their customers, core networks and information technology (IT) infrastructure.

    Rising from a stakeholders meeting organised by the group in collaboration with Digital Encode Limited for Chief Internal Auditors (CIAs) and Chief Information Officers (CIOs) of lenders, participants blamed the non-passage of the bills into law for the inability of law enforcement agencies to curtail cybercrimes in the country.

    To push for its passage, ISSAN has set up a committee to act as industry’s pressure group to liaise with the National Assembly to ensure its quick passage into law.

    Members of the committee include the managing directors of Interswitch, and Nigeria Interbank Settlement System (NIBSS); representatives from the Bankers Committee; the Office of the National Security Adviser (ONSA) and the Central Bank of Nigeria (CBN). Other members include the president, ISSAN and the Chairman, Committee of Chief Internal Auditors of Banks in Nigeria (CCIABN)

    ISSAN urged the Committee of Internal Auditors of Banks (CIABs) to liaise with the  Committee of E-Banking Industry Heads (CeBIH) and engage Mastercard & Visa card on EMV cards frauds.

    The meeting, which had in attendance key industry players from Interswitch, NIBBS, the CBN, and a wide variety of Information Technology (IT) professionals, including the CIAs and CIOs of several banks also discussed incessant attacks by cybercriminals on banks, action plan for the protection of payment systems and the banking industry as a whole, the CBNs biometric project and its impact on banks and consumers alike, from a security perspective.

  • How to avoid electronic payment fraud, by PFS CEO

    The Chief Executive Officer, Precise Channels Systems (PFS) Limited, Yele Okeremi, has warned users of automated teller machine (ATM) cards and prospective users to avoid keeping huge cash on their cards arguing that as soon as the cards are activated, they become exposed to the world that there is money.

    He said even with the nationwide roll-out of the cash-less economy by the Central Bank of Nigeria (CBN), card users must be careful because cards issued in Nigeria could be hacked and used to make withdrawals in South Africa, Europe or any part of the world.

    Okeremi, who spoke to The Nation in Lagos, said though card use is good, no sane person should link so much money into a card.

    He said: “Well the issue of security of transaction is real but people have not been careful enough because of the low level of awareness. What I see is that quite a lot of people are not familiar with what can hurt them. So what kind of risks do people have? Your risk profile will determine first of all the channel that you want to use for certain payments and when you determine the channel, you have to decide how you want to safeguard yourself.

    “If you want to pay through the use of cheque; who can you hit (defraud) you by cheque? Before someone can hit you by cheque, he must be very close to you. I mean he must have physical access to your cheque book to have an idea of what the cheque book looks like before going ahead to clone it. That is something you need to be aware of if you are using cheque.

    “If you are using card however, the dynamics have changed because for cards, yes your account is in Nigeria, the card was issued to you in Nigeria, but you may be in London and your card is being compromised in South Africa or Mexico. This is because the moment you initialise the card, you have given notice to the entire world that you have money and that means you are susceptible to be hit from anywhere in the world.

    “The challenges of the threats are slightly different when you are talking about electronic money and therefore, tactics that you as an individual must adopt begins to change. And one of the things I used to say is that you must first of all be careful where you even go with your card, whether it is a shop, whether it’s an online site, just be careful. I have had the experience where my card was compromised in London and I knew where it was done: my wife had gone to somewhere in London for shopping with the card and my account that was in Nigeria was being hit from South Africa simply because she used my card to do transaction.

    He advised card users to have a buffer zone so that when one account is compromised, the users will still have something to fall back upon.

    “One of the things you really need to know as an individual if you are using card is that you must be careful about how much you are linking to any card. No sane person should link so much money that can kill you to card account. That is the first thing you do. So you should have a buffer zone that protects you so that if you are going to lose money, your loss exposures are minimised. Then of course, this issue of compromising the personal identity number (PIN).  Beware who you share your PIN with,” he advised.

  • We’re contributing to quality service delivery, says Huawei chief

    We’re contributing to quality service delivery, says Huawei chief

    In Nigeria and other African countries, the belief is that unscrupulous business men go to China to buy substandard information communication technology (ICT) equipment. But, in this interview with LUCAS AJANAKU, the Managing Director, Huawei Nigeria, Mr Pang Jimin, says his firm, as an international original equipment manufacturer (OEM), does not engage in such unethical practices. He says despite the challenges, the future of telecoms is bright for the country, adding that service quality will get better as the power sector reform takes firm root. 

    Impressions about Nigeria

    I have been in Nigeria for about eight years. I see Nigeria as a country that is developing very fast because since I came here, I have see a lot of transformation. The people are very industrious and dynamic. All these are responsible for the impressive development in the economy.

    So, the economy is growing and the future is bright.

    Huawei in Nigeria

    Actually, Huawei are leaders in the ICT industry. We are serving not only the telecoms sector but also in the banking, oil and gas industries.

    Basically, we have our footprints in all industries because every industry uses information technology. So, our experience is that   Nigerians need good quality service. They are eager to have a good quality of service.

    We will keep on working to improve the quality of lives of people hrough ICT. So, the future is actually very bright because what I see is that the need of the Nigerians are similar to that of other people from other parts of the world. There are some unique requirements which we feel are unique requirements for the Nigerians.

    On regulatory environment

    Generally, let us say if the score is from between zero and 10, zero meaning there is no regulation, 10 meaning strictly  regulated. Globally, Nigeria’s regulatory environment is moderate. It is in the middle; that is, it is neither too harsh nor too soft. What I  feel is that the regulation here is not bad at all and not a disincentive to investment. That is my personal opinion. Generally, the Nigeria Communications Commission (NCC) is regulating   what it should regulate. The regulatory environment is also business-friendly as it is creating a level-playing field for all   players.

     Challenges of poor telecoms  services despite huge investment

    I think if we compare Nigeria with countries, such as China, United States (US) or maybe European countries, the major differences are two. One is power. In Nigeria, there is no stable power supply. In those other countries, power is not an issue because you know where there is no power, no matter what you do, the equipment cannot function. Secondly, is the optic fibre cable network. Basically,  in China, Europe, US or more advanced countries, there are massive optic fibre cable network. However, in Nigeria most of the network is basically driven on microwave. So, when there is a whirlwind or it becomes dirty, it affects the signal quality and inevitably, the quality of service. Those are the two major differences between   this country and others.

    And, for us, equipment supplier, that is the situation because the equipment we supply in Nigeria is the same with what we supply when we  do job in China, in US or in Europe.

    The major problem is power and dearth of optic fibre cables.

    Investments on optic fibre cable infrastructure Actually from my perspective, during the last eight and half years, the story has become better. You see mobile users in Nigeria have become much bigger than before. Eight years ago, when I came into this  country, I am not sure there were so many users. Now, you have so many mobile phone users in the country. Now, you have over   100million users in the country. I don’t need to mention the traffic.

    No matter the traffic of data, it has become much more than before.

    So, actually, what I see is that under this situation, the operators are not doing a bad job because though there are other challenges, they are still trying to improve the quality of service as they grow the user base for the same network. You see, it is easier  for you to supply one service provider; it is more difficult for you to supply to one million users. So, the trouble is the work load, the difficulty compared to eight years ago. So, if we think about it from a different angle, actually the operators are trying their best. I have no doubts about that.

    On licensing more operators

    The number of operators in Nigeria is  moderate; it is somehow in the middle. You know in some places, such as China, there are only three major telecoms operators and in some countries in Europe, they have maybe more than seven operators.

    So, Nigeria’s is in the middle range. It’s not too small or too many because, as I said,   Nigeria has the population and many telecoms operators, such as China. So, I don’t see any problem in that.

      Should NCC stop operators from  adding new subscribers?

    I think first of all, that is dependent on the regulator’s wish but my opinion is that it may not be too good if any step is taken to stop people from getting access to telephony. The International Telecommunications Union (ITU) is encouraging universal access to telephony. But regulators should think about what is best for the industry. The same way operators should also be moving forward because from my view, it may not be the best idea to stop them. To be frank, a lot of the Nigerians see the bad side of the country but, as a foreigner and having worked and lived in  this country over the past eight years, I see the brighter side because I have discovered that what  people get carried away with is perception which is different from what is on ground. The economy keeps getting better. The economy is growing; everything has become better. I see the country  moving in the right direction. This is not to say there are no challenges but as a foreigner, I am optimistic that the future is bright for the economy and the good people of Nigeria.

    Quality of telecoms equipment  shipped into Nigeria

    Yes, I have heard people talk about this but I can only speak for Huawei. I cannot speak for other original equipment manufacturers (OEMs)/vendors. The equipment we supply to Nigeria and also the services we render, all the software and hardware; everything we supply to this country are the same in terms of international standard. It is the same equipment we supply everywhere we work across the globe. It is the same we supply even in China, US, European, Asia Pacific, Africa, Middle East, Latin American countries. They are all the same. We do not make different equipment or reduce the quality of equipment we supply to any country. We are an international company with long standing reputation which we will not do anything to rubbish.

    Business perating environment  challenges

    I think the major challenge is to convince the people to move in a little bit faster than they want to.

    Let me give an example. Several years ago in some sectors, we rarely see the trend of people adopting technology so easily because sometimes, the customers are a little bit conservative. They are still wondering whether they should go or not. So, they wait maybe for another one or two years before they make their decision. Sometimes, they have their own considerations but from my point of view, sometimes they are getting a little bit faster.

    The business operating environment is fair.  It could be better but it is giving operators space to play which is   good. Honestly speaking, the players in the economy and the regulators should keep innovating. That is the only way to go. This is why I say the country will continue to grow better and better as everybody strives to do things better.

    Dearth of fixed  lines

    I think it is not an easy decision to choose between which technology option that can provide a better service at the same time have lower   cost because in this country. Mobile telephone service cost is lower   in other countries while the fixed line is higher. It is easier also and faster to deploy mobile network in Nigeria with vast its population.

    As I said, fixed line is good for its quality. It is as strong and resilient as fibre because if the fibre network is everywhere, the network quality will be better. So, at the same time, I know laying fibre is very expensive.

      Resilience of Huawei’s mobile  phones

    Our mobile phones are very strong. Basically, for Huawei, smartphones because you know we are the one that designed the network, we have the technology and set the technical standard. But to be frank with you, to do smartphone is quite easy for us because we provide telecom network for operators and for all kinds of persons.

    So, smartphone manufacturing is easy for us. Secondly, the weight of our   smartphone is actually very low. The Ascend P7 is 6.5mm slim with a   five-inch FHD touch screen display. It is the slimmest 4G smartphone in the world and manufactured to withstand everyday wear and tear with enriched strength durability from Coming Gorilla Glass three front and  rea covers.

    It has a sleek glass back with a seven-layer treatment-mirroring the face of premium watches. So you, see, we manufacture premium products for customers. The Ascend P7’s 8 megapixel front camera with panoramic Selfie help users to put themselves in those stunning skylines and horizons.

    To achieve this, the phone user is only expected to opne the camera application, select the front facing camera, then select Panorama and capture a three-shot panorama image which is made possible with Sony’s newest 13 megapixel IMX214 sensor. It camera captures up to 56 per cent more light thereby giving brighter, sharper and more detailed shots.

    We don’t produce cheap product that is a rip off. Ours is a premium brand. We always believe to provide the best quality at the same time with some more affordable pricing.

    Evolution of  technology

    Yes, technology has been evolving from 2G to 3G and now 4G or long term evolution (LTE). This has actually changed people’s  lifestyle.

    About six years ago, when there was no smartphone in the market, people used to call each other. To be frank with you, all the people don’t call each other, they text each other. But with the smartphones, they now also using social media platforms, such as WhatsApp, Facebook and Twitter. We are the one providing the platform and the structure behind the scheme. So, basically, yes, what you see, maybe you see a smartphone, you see a software Twitter or Facebook, we are the one behind the technological stage providing the technology, network, quality services for people.

  • Underpayment, foreign incursion threaten service providers

    Providers of value added services (VAS), which ride on the network of mobile service providers, have decried the unjust treatment being meted out to them by the big operators who, they said, exploit them by paying pittance for their services.

    They have also warned that they may become extinct if urgent steps are not taken by the Nigeria Communications Commission (NCC) to stop foreigners that take advantage of the ‘porous system’ of the country to do illegal business in the country.

    Acting under the aegis of Wireless Applications Service Providers Association of Nigeria (WASPAN), the group also blamed ‘rogue service providers’ for the flurry of unsolicited text messages and fraudulent deductions of subscribers’ money for services not rendered.

    Its National Coordinating Consultant, Simon Aderinlola, who spoke on the sideline during a stakeholders’ meeting with the NCC in Lagos, lamented that VAS providers work like elephants and eat like ants, arguing that since it is a commercial issue, the big telcos must bring good conscience to bear in dealing with them by not paying adequately for service rendered but by paying as at when due.

    He said a situation where value added service providers (VASP) research into, design, test and roll out services that eventually costs N100 per download on the networks of the big telcos and they are allowed to go home with only N20 is oppressive smack of immorality. He urged the NCC to look into it.

    Assistant Director, Legal and Regulatory Services, NCC, Mrs Yetunde Akinloye, said the regulator cannot do anything in that respect since the matter is basically a commercial agreement between the WASPAN and the mobile network operators (MNOs), adding that NCC does not regulate morality.

    Aderinlola said: “Tthere is no hard and fast rule as regards the commercials. We noted position of the NCC that it does not dabble into commercial agreements. We are however asking them to look at things from the moral angle which is just reasonable. This mean that if I am the one that actually created the service, I did the research for the service, I designed and tested the service, I have workers that I am paying to be able to make the service work, then eventually I launch the service in the market and maybe I am selling each download for N100. Why should I after all that efforts begin to earn N20? We are just saying:  put yourself in our shoes. Does that make sense?

    “Remember when this thing started about 10 year or there about ago, we were on 60 per cent and we were even saying this is not good enough. Today, we are being pushed down towards 20 or 15 per cent. So, we are simply saying ok, you are looking at certain aspects of regulating us, what about this aspect? What if we die, who will you regulate? That is what we are saying.”

    He said the threat posed by foreign incursions into the business is real. According to him, foreigners that are not licensed to provide VAS usually take advantage of the loose system, adding that when they are eventually caught, they open office in the country, employ a decoy and stay outside to do all sorts of business.

    He said when they come with juicy business proposals and they are allowed to operate and when they are caught, they feign ignorance about the requirements, adding that requirements for licensing are usually less stringent.

    “When they hear the NCC say don’t you know you need to have a VAS license and the guy says: what are the requirements to have a VAS licence? And you give him and he looks at it ok: CAC registration; I must have an office; I should be able to show this or that. Some of them just decided to quickly employ a local worker. So, they look at the rules and suddenly set up something, so you have a satellite office, a pipe internationally, doing all sorts of things.

    “What they would have done from outside, they will just employ a person like me bearing Segun and I own a small office somewhere and doing all sorts of things. The Commission has been informed about this kind of activities, sometimes we identify them and pass it on to them and we are really trusting that some work has been done. Like I said, this type of session will go a long way to addressing the challenges,” he said.

  • Network challenges ‘ll not impede mobile health

    THE  National Mobile Health Insurance Programme (NMHIP) launched by the Salt & Einstein MTS in partnership with the National Health Insurance Scheme (NHIS) and MTN Nigeria, will succeed despite low quality of services by global system for mobile communication (GSM) service providers.

    Salt $ Einstein MTS Executive Officer,  Mr Lai Labode spoke on the sideline of the launch of the project in Lagos.

    He said it would grow the nation’s gross domestic product (GDP) as a healthy workforce will produce more, adding that the management of the firm took the circumstances of the country into cognizance before coming out with the initiative.

    He said:  “Salt & Einstein MTS is the first mobile financial service aggregator in Africa who facilitated the recent partnership between NHIS and MTN Nigeria that will eventually see MTN, offering mobile healthcare services to its subscribers, in collaboration with NHIS, through the mobile phone, on a single mobile financial service platform, created by Salt & Einstein MTS.

    “While creating the single platform and facilitating the collaboration, we were not oblivious of network challenges currently faced by subscribers, neither were we afraid of the weak infrastructure rollout in the country. We rather saw opportunities in these perceived challenges because we knew the enormous benefits that the initiative would bring to Nigeria and Nigerians.”

    According to him, any focused businessman would always see opportunities in challenges and would thread in areas where others are scared of threading because of the potential opportunities that are associated with challenges of any magnitude.

    He said in spite of the perceived challenges, subscriber figures have continued to grow while teledensity is almost 95 per cent.

    Similarly, mobile phone penetration has kept increasing arguing that he is convinced that perceptions would not negatively affect the mobile healthcare initiative.

    “As we make progress with the initiative, telecoms operators will continue to improve on their services and also increase infrastructure rollout in the country. The reason is because they are in business to make profit and will do everything possible to maintain best service quality offering in order to keep their customers,” he said.

    Chief Executive Officer of MTN, Mr. Mike Ikpoki said the scheme will remove barriers from Nigerians. He said: “At MTN, we believe that health insurance contributes to the removal of financial barriers to healthcare, thereby giving people unrestricted access to good health care without having to pay out-of-pocket.”

  • IT security professionals blame govt, banks for frauds

    A group, Information Technology System and Security Professional (ITSSP), has blamed the government and banks for persistent online bank frauds, arguing that the lenders prefer to put the cart before the horse.

    Its President, Rogba Adeoye, said the banks put the security of transactions at the end of the ladder, adding that as technology is being deployed, its security should also be of  importance to the organisations.

    He said the cash-less policy of the Central Bank of Nigeria (CBN) is facing challenges because it is technology-driven, arguing that fraudsters are working round the clock to defeat the technology.

    He said the time had come for the government to appoint chief information security officer of the federation. State governments should also replicate it.

    Adeoye said: “The fundamental problem of cashless in the society is that its technology driven. Since technology is at the root, there will be a lot of people that want to defraud within the system while the people deploying the technology will be eager to deploy their services. So it is like antivirus and virus. The antivirus comes out every day while the people that produce virus are busy trying to prove that they cannot be defeated. The solution is to go e-everything. e-everything means e-governance. e-governance is not the same thing as e-government. e-governance means e-commerce, e- business, e-transaction and e-payment. Within all these, electronics works.”

    He recalled that the bank failures that were recorded in the past was also due to the absence of mechanisms to checkmate unwholesome activities, adding that the initial hiccups that accompanied the introduction of ATMs have gradually eased off.

    Adeoye said the CBN was trying to secure the payment platforms, arguing that it is the responsibility of the National Information Technology Development Agency  (NITDA).

    He said NITDA has a comprehensive document that contains Information Technology Security and Network Security Standard firms, lamenting that what is lacking is implementation.

    His words: “ITSSP now wants to take that document as our bible and champion enforcement and compliance. Let’s go for compliance, let the leader use the resources available. We will develop the capacity. We must appoint a National Information Security Officer. Somebody has to be in charge of information security technology of Mr President, Mr Governor of the CBN.”

    Adeoye said that billions of dollars are wasted yearly by banks to secure their payment platforms by foreigners, adding that the place of proper identity management in the scheme could not be overemphasised.