Tag: DataPro

  • DataPro unveils activities for 2026 Privacy Week, sets agenda

    DataPro unveils activities for 2026 Privacy Week, sets agenda

    A data protection compliance organisation (DPCO), DataPro, has announced a series of activities to mark this year’s Privacy Week.

    This year’s theme is: Privacy in the Age of Emerging Technologies: Trust, Ethics, and Innovation.

    A statement by the company’s Head of Emerging Services, Ademikun Adeseyoju, said the event, which started on Wednesday with a campaign launch, is expected to end on Wednesday, February 4.

    A webinar training session was held yesterday, which focused on compliance for this year. Its attendees learnt about the new mandatory bi-annual in-house audits and Data Protection Officer Certification requirements.

    On Monday, he said, there would be ‘Leak’ Quiz: An interactive quiz designed to test organisational response to identity-driven cyber campaigns.

    On Tuesday, there will be a social media session answering complex privacy questions via concise 30-second videos.

    On Wednesday, there will be a video competition finale: a social media showcase, where winners will be selected for their insights on building trust, maintaining ethics in AI, and fostering innovation under the Nigeria Data Protection Commission (NDPA).

     Adeseyoju recalled that last year marked the nation’s transition from the Nigeria Data Protection Regulation (NDPR) to the full statutory power of the Nigerian Data Protection Act (NDPA) and the General Application and Implementation Directive(GAID) 2025.

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    He said the shift signalled a move from guidelines-based compliance with a mandatory, enforcement-driven regime.

    The firm predicted that 2026 would be defined by the board and executive ownership, adding that “Privacy will no longer be an IT-only concern but a standing governance issue requiring regular risk reports and dedicated budgets.

    “We also anticipate a surge in individual claims and constitutional privacy actions, meaning organisations must remain ‘litigation ready’ by preserving processing records and strengthening internal controls,” the statement said.

    Also, DataPro said it anticipated increased sector-specific enforcement, with the NDPC focusing on high-risk industries such as Fintech and Healthcare.

    As a licensed DPCO, DataPro Limited expressed its readiness to help organisations achieve and sustain their compliance objectives for 2026.

    “With over 30 years of regulatory and compliance experience, partnering with DataPro ensures access to deep expertise, practical implementation support, and a collaborative approach to meeting your NDPA compliance goals,” the company said.

  • DataPro holds training for financial journalists

    DataPro holds training for financial journalists

    DataPro, Nigeria’s technology-driven Credit Rating Agency (CRA) has concluded arrangements to hold its annual virtual training for financial journalists on Thursday.

    According to a statement issued on behalf of the Agency by Kenny Rasheed, Client Services Manager, the training programme was conceived by the company in 2021 as part of its Corporate Social Responsibility (CSR)projects in order to increase the investing public awareness about the value propositions of the Credit Rating Industry.

    Participants from both the print and electronic media are expected to attend the virtual programme.

    Discussing the theme of the programme I’llfor this edition,the Chief Rating Officer (CRO)of DataPro,Prince Oladele Adeoye said “Understanding Qualitative Factors in Rating Considerations”was chosen.

    Pressed further, Adeoye said, “This in order to educate media practitioners covering the Business, Financial and Economic Desk with the knowledge, skillset and aptitude to correctly report the regulatory landscape, industry trends, economic ecosystem, market conditions, environment, social, political, corporate governance and risk management components associated with the qualitative part of the Credit Rating Report.”

    DataPro also organises the International Credit Rating Webinar annually every October in continuation of its socialisation efforts at promoting the Rating industry.

  • DataPro trains journalists

    DataPro trains journalists

    Nigeria’s technology-driven Credit Rating Agency (CRA), DataPro, is organizing media training for journalists covering the business, financial, and capital market sectors.

    According to a statement by the Clients Services Manager, DataPro, Kenny Rasheed, the annual virtual training will be held on Thursday, March 27th 2025.

    Rasheed said the training programme was conceived by the company in 2021 as part of its Corporate Social Responsibility (CSR) projects in order to increase the investing public awareness about the value propositions of the Credit Rating Industry.

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    Participants from both the print and electronic media are expected to attend the virtual programme.

    The Chief Rating Officer (CRO) of DataPro, Prince Oladele Adeoye, also in the statement said ‘Understanding Qualitative Factors in Rating Considerations’ would be the theme of the programme.

    “This is to educate media practitioners covering the Business Desk with the knowledge, skill set and aptitude to correctly report the regulatory landscape, industry trends, economic ecosystem, market conditions, environment, social, political, corporate governance and risk management components associated with the qualitative part of the Credit Rating Report,” Adeoye said.

    DataPro also organizes the International Credit Rating Webinar annually every October in continuation of its socialization efforts at promoting the rating industry.

  • DataPro trains compliance officers

    DataPro trains compliance officers

    A data compliance and rating agency, DataPro, is organising a two-day open-house training for compliance officers, the business people in banks, FinTechs and other financial institutions.

    The two-day programme holds on November 26 and 27.

    According to DataPro, the open-house training will focus on how compliance officers can understand the implementation framework of Transaction Monitoring.

    It said: “The Financial Action Task Force (FATF) identifies transaction monitoring as an integral part of the risk-based approach to AML/CFT/CPF Compliance in Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs).

    “National Laws and Regulations also recognize the fact that Customer Due Diligence and Transaction Monitoring are undertaken to ensure that transactions are consistent with the institution’s knowledge of the customer, their business and risk profile and where necessary, the source of funds. These two constitute the bedrock of a sustainable and successful compliance regime.”

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    The training is expected to provide a strategic platform for participants to get clarity on the conceptual framework for the Transaction Monitoring System (TMS).

    It will also eye-ball the international best practices associated with TMS.

    At the training, participants will be exposed to approach to the implementation of the TMS.

    It is expected to bring into perspective the future of TMS.

    DataPro is a licensed Data Protection Compliance Organisation (DPCO) with a comprehensive and extensive background in in compliance consulting.

  • DataPro holds international rating webinar

    DataPro holds international rating webinar

    Nigeria’s Technology-driven Credit Rating Agency, DataPro, has assembled a stellar-team of experts and panelists for its 2024 International Rating Webinar holding virtually on Thursday 10th October, 2024 between 2pm and 4pm WAT.

     The 4th in the Series of Annual Webinars has the theme: “Navigating Economic Uncertainties: The Role of Credit Rating Agencies.” The event is expected to be aired live on LinkedIn and YouTube channels.

    The Keynote Speaker for the 2024 Webinar is Christian Ruehmer. He is one of the most accomplished speakers on the evolving trends and patterns related to Credit Risk Management in the world. He is the CEO and Co-founder of Q-Lana, a fully digitalized knowledge based open-banking institution spread across Africa and other developing regions of the world.

    As a globally recognised expert on Risk Management, Investment and Treasury, Christian is expected to bring his A-Game to enlighten and educate participants at the Webinar.

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    Other A-listed Panelists expected at the Webinar are: Mr. Sam Omukoko, the Group Managing Director of Metropol Ratings in Kenya, Dr. Sonnie Ayere, the Group Managing Director of the DLM Group and Mrs. Kemi Awodein, the Managing Director of Chapel Hill Denham. The moderator of the Panel discussion is Prince Oladele Adeoye, the Chief Rating Officer of DataPro Limited.

    Speaking further on the Webinar, Mr. Abimbola Adeseyoju, the Founder and Managing Director of DataPro Limited said the event will further afford participants and listeners the opportunity to understand the workings and value proposition of Credit Rating Institutions, especially during difficult economic situations such as the one Nigeria is presently experiencing.

  • Avoid unrated entities, save public funds, DataPro boss warns government

    Avoid unrated entities, save public funds, DataPro boss warns government

    As the federal government moves to upturn a judgement by a court in Paris, France, authorising a Chinese firm, Zhongfu International Investment FXE, to seize Nigeria’s presidential jets undergoing routine maintenance in France, the Managing Director of DataPro Limited, Mr. Abimbola Adeseyoju, has advised the Nigerian government at all levels to mandate its agents not to invest in companies without a credit rating report.

    Adeseyoju, speaking with reporters said that although a statement by a former governor of Ogun State, Senator Ibikunle Amosun, had provided clarity over the business deal that went awry, he, however, said that a credit rating report would have exposed the shenanigans of the Chinese company at the centre of the controversy.

    Amosun had admitted that he was deceived into handing over a free trade facility in Ogun State to an investment group from China.

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    In his reaction, the DataPro boss said, “A credit rating report would have established the true position of the company currently causing Nigeria such a big international embarrassment. This is one of the duties of credit rating agencies.”

    Calling on the government at all levels to mandate its agencies to demand credit rating reports before committing government funds to any investment, Adeseyoju said the government at all levels should borrow a leaf from the Pension custodians, who were forbidden from investing pension funds in any entity that is not investment graded.

    According to him, the sharp reduction in bank failures these days could be attributed to the culture of reliance on credit ratings by banks.

    He added that even the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) would not commit any funds for the host communities to any investment without credit rating reports.

  • DataPro trains journalists on credit rating

    DataPro trains journalists on credit rating

    Over 30 Nigerian journalists from different media houses, print and electronic, benefitted from a training programme organized by DataPro Limited.

    The programme tagged, ‘Credit Rating and Investigative Journalism’ which was held virtually, was the 2nd edition of DataPro annual media training programme for journalists.

    DataPro Limited Nigeria is a Nigerian technology-driven rating agency.

    Thirty journalists who attended the training were exposed to the workings of the credit rating agency and the role the media could play in rating change decisions in order to foster and encourage a mutually beneficial partnership between both parties.

     The training was facilitated by the Chief Operating Officer (COO) of DataPro, Prince Oladele Adeoye.

    According to Adeoye, the annual training programme was instituted by DataPro in line with the Securities and Exchange Commission (SEC) directive for Capital Market Operators (CMOs) to enlighten the general public on their

    operations, promote stakeholders participation and close the knowledge gap.

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    It was also a way of equipping the media agencies on how to report credit rating news as information in the public domain speaks to the heart of credit rating decisions and investor’s reactions.

    According to him, the training was also part of DataPro’s Corporate Social Responsibility (CSR).

    Laying out the value propositions of credit rating agencies, DataPro COO said, “Credit Rating Agencies (CRAs) evaluate and rate the creditworthiness of debt securities and their issuers, including companies and countries. They assign credit risk ratings to such entities based on quantitative and qualitative analyses. The ratings show the likelihood of a borrower to default or repay a loan with interest.”

    DataPro COO also emphasised on the need to accelerate the Credit Culture in Nigeria as a way of promoting economic growth.

    He said that the Nigerian economy would continue to grow faster if more MSMEs had better access to credit and more importantly knew what to do to prepare themselves for accessing the Capital Market.

    He noted that the Capital Market is not about Equities, Shares and the Stockbrokers alone. There is also the Debt Sub Sector that provides a very veritable, viable and alternative funding channel for entrepreneurs and business owners.