In response to the reports of devious schemes perpetrated through the use of personal data of Nigerians, the Federal Ministry of Communications and Digital Economy (FMoCDE) has ordered the Nigeria Data Protection Regulation (NDPR), to design a framework for lawful processing of personal data.
The framework will define in clear terms, a comprehensive guide to public institutions for proper use of personal data in public health, welfare, security and related matters.
The Honourable Minister, Dr Isa Ali Ibrahim Pantami, noted that the directive would guard against the use of sensitive personal data such as SIM databases and bank verification numbers, for mischievous and fraudulent reasons.
Pantami said this in a statement released from the Ministry on Friday.
The statement reads in part, “I have directed the National Information Technology Development Agency (NITDA) as the custodian of the Nigeria Data Protection Regulation (NDPR), to issue a comprehensive framework to guide public institutions on the lawful processing of personal data for public and vital interests such as public health, welfare, security and related matters.”
He noted that the government is aware of the concerns of stakeholders about the privacy implications of government’s use of private data in the fight against COVID-19 and assured that all use of data in the fight against COVID-19, or for the purpose of providing palliatives will be in line with appropriate regulations.
He described as false, the claims from unscrupulous persons that they have access to SIM databases, bank verification numbers or any other personal records of Nigerians. As further stated:
“For the avoidance of doubt, neither the Ministry nor any organ of the Federal Government directed that any such database be shared to any person for any purpose other than the legitimate, statutory purpose they were collected for.
“The public is therefore urged to disregard any information from any group or individuals seeking to confirm or collect personal records for any purpose. The Federal Government will never ask citizens to confirm their records via phone calls or digital means without an elaborate structure to ensure the safety of these records and effective communication to the public in this regard.”
He urged all data controlling organisations and agencies to prioritise cyber security in their operations and avoid using personal data for reasons other than the welfare and security of Nigerians.
“Any unlawful disclosure, abuse or misuse of private data constitutes a criminal offence, punishable under the laws of Nigeria” he warned.
China more willing to restructure Africa’s debt than private creditors
Agreements have been easier to reach with Chinese lenders than with private creditors.
A recent study by John Hopkins University reveals it may be easier for African Nations to raise debt and also get debt relief from China than private creditors.
The report of the study comes a day after China promised to cancel interests from loans to African nations and restructure debt to Africa. The study also revealed that China has restructured $15 billion of African debt and written off $3.4 billion in the past ten years.
After 1,000 Chinese loans, including restructured Mozambican and Republic of Congo debt, were analysed, the researchers concluded that “the agreements have been easier to reach with Chinese lenders than with private creditors”.
The Paris Club recently agreed to pause debt payment valued at $11 billion for the poorest 73 nations freeing up capital to tackle the coronavirus pandemic. However, not all eligible nations signed up citing fears of default ratings if debt obligations are not met.
The study discovers difficulties in renegotiating terms on International Bonds for African countries due to the disparate ownership structure making private creditors unwilling to grant complete debt relief, citing warnings on rating downgrades.
China accounts for about 20% of Africa’s external debt and lent over $150 billion to the continent between 2000-2018 the study reveals. Chinese President, Xi Jinping has urged global leaders to be more pragmatic with debt suspension for Africa.
The study says much of the terms of Chinese debt to Africa has not been transparent and the relief negotiations may follow the same path.
Orange, France’s largest telco operator, may come to Nigeria in months
Orange would also be looking at bolstering partnerships with health companies or institutions.
France’s largest telecom operator, Orange, is set to extend its tentacles to Nigeria and South Africa.
Chief Executive Officer, Orange, Stephane Richard, who disclosed the news, said that the firm would make the move in a few months.
He said, “It could make sense to be in economies such as Nigeria and South Africa. If one considers there are things to do, the time frame I am considering is rather a few months than a few years.”
The Middle East and Africa, where Orange has a presence in 18 countries, is the company’s fastest-growing market.
What you need to know: There are chances that the company may eye payment transfers (mobile) in Nigeria.
That is because it makes the largest chunk of its revenue from payment transfers (Middle East), a key part of the group’s diversification into financial services, and Nigeria, which is the most populous black nation, is always an attraction.
Meanwhile, earlier in 2020, Orange had stated that it was bringing its operations in the Middle East and Africa into a single entity, paving the way for a potential listing of the operations that could raise cash to invest in overseas expansion.
“Orange would also be looking at bolstering partnerships with health companies or institutions,” he added.
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LIRS further extends deadline for filing annual tax returns by one month
“We constantly debated what other measures could be taken as an organization to support individuals and businesses at this time, hence, the additional one-month extension from June 1, to June 30, 2020.” – Ayodele Subair
The Lagos State Internal Revenue Service (LIRS) has again extended the deadline for filing of Annual Tax Returns from May 31 2020 to June 30, 2020.
This is part of the state government’s effort to provide relief to taxpayers in light of the economic impact of the Covid-19 pandemic. With this development, annual returns for individuals, both employees and self-employed persons, can be filed anytime before June 30, 2020.
In a press release signed by Monsurat Amasa, the head of LIRS’ Corporate Communications Department, the agency urged taxpayers to take advantage of the magnanimity of the government and file their returns. The LIRS’ Executive Chairman, Mr. Ayodele Subair, explained the extension thus:
“As the Lagos State Government keeps abreast of global best practices in containing the Covid-19 pandemic and eases the effects of an economic downturn on taxpayers and residents of the State, LIRS had initially extended the deadline for filing annual tax returns for two months, from the statutory March 31st of every fiscal year to May 31, 2020.
“We constantly debated what other measures could be taken as an organization to support individuals and businesses at this time, hence, the additional one-month extension from June 1, to June 30, 2020.”
He further explained that taxpayers can file the annual returns from the comfort of their homes and offices using the LIRS eTax platforms. They can also generate assessment and payment schedule, and other tax administration matters on the same platform. Updates on business operations and alternative payment platforms are to be found on the verified handles, and the LIRS website.