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Book Review: Cyber Politics – Social Media, Social Demography and Voting Behaviour in Nigeria

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Title: Cyber Politics – Social Media, Social Demography and Voting Behaviour in Nigeria

Author: Dr. Omoniyi P. Ibietan

Publisher: Premium Times Books

Year: 2023

Pages: 460

Reviewer: Azu Ishiekwene

Date: July 25, 2023, Abuja, Nigeria

My job today is to review the book, and not the man. But since the man made the book, I would, to slightly paraphrase Oscar Wilde, overcome by yielding to the temptation of reviewing the man.

In case you didn’t know the meaning of the “P” as it appears in the middle of the author’s name on the cover of the book for review, “P” is for “Paul”, the famous cousin of “Peter” in many nursery rhymes.

Another quick disclosure, perhaps a not-so-secret one. Whatever his current bourgeoise pretensions, the author was a former student’s union leader first at the Kwara State College of Technology, Ilorin, and later, at the University of Abuja, where he was rusticated in the famous case of Niyi Ibietan & 45 others v. University of Abuja & 2 Others.

The author, whose parents are from the old Kwara State, later re-enrolled at the University of Uyo. As a result of the disruption caused by his activism, it took him 10 years to obtain his First degree; but when he did, he did so in style. He finished top of his class. A great relief, as you can imagine, for his long-suffering parents who had during his childhood, also endured the scare of rashes that nearly claimed his life within the first six months of birth in Kaduna.

Enough said about him for now, though later, you might see the link.

To the subject matter: Cyber Politics – Social Media, Social Demography and Voting Behaviour in Nigeria. When I first voted in an election in Nigeria in 1983, the Internet was just newly born. It had not even been properly named.

Forty years later when I voted for the fifth time, my daughter who attained voting age only 13 years ago and has since voted only once, as far as I know, was telling me from thousands of miles away, where she now lives with her family, how she thought I should have voted and for who.

This was by no means a unique experience. A very close friend and managing director of one of Nigeria’s leading media houses told me at the height of the 2023 elections that the politics of who to vote for and why so polarised his home that he had to convene a family meeting where it was decided that all political talk was off limits until after the elections.

But Cyber Politics is not about the last general election and filial squabbles. It’s a deeper phase in the exploratory journey of Niyi P. Ibietan whose interest in political communication and its sociology go back to his early student days.

What started, perhaps as mere curiosity in his undergraduate days and in his early working life about the role of the media in enhancing freedom, soon found expression in his journalism and monographs. This passion, which later deepened in his Master’s dissertation, has crystalised in the formidable academic work that is the subject of this review.

In 12 chapters of 460 pages including the bibliography set against the background of Nigeria’s 2015 general elections, Cyber Politics examines the theme of cyber culture, social demographics and political communication. It is a subject that evokes decades of research, but which nonetheless retains its fascination as scholars continue to explore the fraught question of why voters behave the way they do, especially during elections.

Seventy-five years ago, or so, when another Paul, Paul Lazarsfeld (Berelson, Lazarsfeld, & McPhee) took this question to the streets of North Carolina after the US Presidential election to ascertain what influences voter behaviour in what is now famously called the Columbian studies, the researchers concluded that media and campaigns have minimal effects on voters.

Or to adapt Bernard Cohen’s famous phrase, the press was increasingly vital in awareness and relevance, but not necessarily in voter behaviour and attitude.

Keep in mind that before Lazarsfeld and others conducted the Columbian studies, contributions from social psychology in the 1930s, especially following the impact of Hollywood which was then on the rise, and Hitler’s exceptional propaganda in the War, had created the impression that people were like “sitting ducks” for information.

In technical jargon, this view of knee-jerk reaction to information consumption was called the “Hypodermic Needle” theory. The social context for it in Europe at the time was that it was unlikely for Hitler, especially, to have succeeded, if individuals had not become isolated, atomised and left completely vulnerable to the “bullet” of propaganda.

By the time Marshall McLuhan wrote the Gutenberg Galaxy (1962), expressing the view that instantaneous communication would undermine geographically based power imbalances, the world had almost gone full circle from Laswell to Lazarsfeld, Melvin DeFleur and other scholars whose studies showed that social factors also play a role in mediating information.

So, what is the point of Cyber Politics? By the way, except we want to commit the grammatical blunder of people who say things have gone 360 degrees, when they actually mean to say 180 (the correct mathematical expression of about-turn), how can a world in which President Donald Trump still believes he can rile up voters on Twitterverse, be said to have moved significantly from the hypodermic needle? And wasn’t it also widely believed that social media played perhaps a direct consequential role the Arab Spring?

In parts of Cyber Politics, but in far greater detail in Chapters One, Five and Six, the author not only examines earlier studies on the impact of social factors, including peer, opinion leader and family influences on voter behaviour, he also sets out the broad objectives of the book, raising issues that are both specific and contemporaneous in value.

In other words, instead of leaving the reader wondering what happened on the streets of North Carolina in Lazarsfeld’s studies decades ago and how that affects him in Gwagwalada, Abuja, Cyber Politics uses Nigeria’s 2015 general elections as anchor.

It explores, among other things, the question of whether political conversations amongst Nigeria’s estimated 33 million active social media users, especially the influencers as of 2021 had any significant impact on the outcome of the 2015 election.

Interestingly, at Page 89 of the book, you would find that the winner of that election, President Muhammadu Buhari, thought social media helped him win. Did it, really? And could it mean that President Goodluck Jonathan who in 2011 actually announced his intention to run for president on Facebook, lost momentum four years later in that space? Or were there other factors for Buhari’s victory? You’ll have to read the book for possible answers.

Cyber Politics, was of course, not the first to venture into the theme of the 2015 elections, voter behaviour and social media in Nigeria. In Chapters One and Four, for example, the author cites other studies which had touched on the subject, too.

What commends Cyber Politics, however, as we see in Chapter Three, is its laser-beam focus on the role of three pre-selected social media platforms – Facebook, Twitter and WhatsApp – on voter behaviour especially in the election under reference.

Whatever anyone says, I suspect politicians believe that social media works. Whether it counts at the ballot is another matter – and of course, the subject of this book.

What do I mean? When it became obvious during the 2023 general elections that political ads were not coming to LEADERSHIP as projected, for example, I called folks in the campaign of one of the major parties to ask why. “Well, sorry,” one of the seasoned media guys on the campaign told me. “We’re doing more on social media now.”

I was scandalised that folks who had built their careers in the mainstream and whom we were banking on would leave us high and dry! But I understood, even if I did so with a heavy heart! Why? A BBC online report www.bbc.co.uk/bitesize/guides/zd9bd6f/revision/7 said, “Politicians are investing heavily in the use of websites, blogs, podcasts and social networking websites like Facebook and Twitter as a way of reaching voters.”

“During the 2019 election campaign,” the BBC report continued, “the Conservatives spent one million pounds on Facebook alone, at a point, running 2,500 adverts.”

After explaining the meaning of such frequently used words in the text as “cyber politics,” “social media networks,” “voting behaviour,” and “public servants” in the opening chapter, the author explains at Page 63, that the three social media networks were chosen largely because of their capacity for sociality, specifically, “cognition, communication and community,” the soul of social media.

Chapters Four, Five, Nine and Ten, of Cyber Politics, deal in extenso with research questions, theory and models, including the “Channel-Factor Model”, which brings intrinsic perspective to political communication in Africa. These chapters are complete with bar and pie charts, pyramids and grids, analysing data collected from the sample population. The text would be of significant interest to academics and communication scholars.

For example, the author argues at Page 326, that “poly-mediation” or the interaction of multiple social factors, including opinions of persons that respondents’ respected, “books, historical and global events” and even predictors from the mainstream media, tended to influence their voting decision.

As of the time of writing this review, my anecdotal research in the mass communication curriculum of the University of Lagos; Ahmadu Bello University; and the University of Nigeria, turned up virtually no current locally authored full-length texts in cyber politics.

In light of the exponential growth in social media adoption and use in the last few years, two election cycles after 2015, COVID-19 and #Endsars, students, researchers and scholars would find Cyber Politics a valuable resource material.

I suspect, however, that non-eggheads might find the book a bit tedious, in spite of its high edit quality, clean pages and great production. It’s not their fault. I guess in some way, the book is like the author – serious, bookish and polemical. It is mainly the fruit of his three-year doctoral research at North West University, South Africa, which not only deepened his interest in communication scholarship and its nexus with freedom, but also left him grayer as you can see.

But that’s not to say that softball lovers like me have little or nothing to look forward to in the book. Far from it. As a journalist, for example, shouldn’t I be concerned about the emergence of social media as the “Fifth Estate of the Realm”, a prospect that the author raised in Chapter Two?

Would this new estate, in which users are both producers and consumers of information, displace the Fourth Estate, especially if as Time Magazine said in its February 5, 2009 edition, journalism was already in its death throes?

Well, it’s nearly a decade and a half since, and we have seen that the death of journalism was perhaps slightly exaggerated. Convergence has also taught us that it is possible for the Fourth – and perhaps the Fifth – Estates not only to coexist, but also to be mutually reinforcing.

Cyber Politics helps me as a voter to ponder if the social networks I belong to or the influencers I follow have any potential effects on my political behaviour either in terms of mobilisation or my actual voting decisions. Sometimes we think we’re our own man, until we realise like Pavlov’s dog, that someone somewhere might be pulling the strings.

But is it true as the author said at Page 317, that social media influencers are “motivated to undertake organised campaigns during the election using their platforms, largely due to the need to bring about a better social order?” It does appear to me (and perhaps this was unique to the 2023 elections) that social media influencers were just a force for good as they were a force for mayhem.

The sludge of fake news sometimes unleashed by so-called influencers, not to mention toxicity of the avatars in that space who often insisted it was either their way or the highway, left people like me bereft and alienated.

What about the adverse role of Big Tech in privacy breaches and data manipulation – I’m speaking of course about Meta’s $725 million settlement over the Cambridge Analytica scandal and Elon Musk’s $44 billion Twitter adventure! Were these also motivated by a desire to do good? It would be interesting to see how Cyber Politics 2.0 or any other research into the 2023 election explores these episodes.

Finally, there’s also something in the book for politicians, but I hope I’m not committing business suicide by saying this. In Chapter Nine, Cyber Politics not only explores the role of Facebook, Twitter and WhatsApp in voter behaviour among various social demographics in 2015, it also examines the elements and utility of these social networks and their resonance with voters.

Yet, whatever Cyber Politics or any other text on voter behaviour may say to politicians, our politicians, while they may keep one eye on social media they will, as Joseph Stalin famously said, keep the other eye on “the people who count the vote!”

So, you can see that in spite of his serious approach to life and literature, Dr. Niyi P. Ibietan still manages to produce a book that offers something of interest, to a significant collection of groups!

We have in our hands today, a token of the exertions of the infant who survived the afflictions of rashes in childhood, and the Paul who endured the persecutions of “constituted authority.”

The author is a scholar who is living the cosmology of his name, Omoniyi; not only by bringing honour and pride to his work, but also by expanding meaning of his surname, Ibietan, beyond the denotative, geospatial sense of immediate family or relations, to the global community where a simple device and its uses, is fundamentally affecting our shared values and perhaps, shaping our interests.

Now you understand why it is not possible to review the book, without reviewing the man! As the conversation continues, I commend the book to you without hesitation.

 

NB: Ishiekwene is a Journalist, Syndicated Columnist and Editor-In-Chief of LEADERSHIP

 

 

 

Insurance Meets Tech 2.0 2023: Registration Opens

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As the highly anticipated second edition of INSURANCE MEETS TECH (IMT 2.0) scheduled to take place on September 28 and 29, 2023, at the Civic Centre, Victoria Island, Lagos, approaches, the event’s organisers have announced the official commencement of the registration phase for participants.

According to Modion Communications, the two-day Conference and Exhibitions conveners, the registration portal officially opened to prospective delegates on Friday, August 18, 2023, on IMT 2.0 official website: https://insurancemeetstech.com/.

Delegates and VIP Delegates will now seamlessly register and pay the Conference Early-bird fee of N20,000 and N50,000, respectively, on the portal.

According to IMT Conference and Tradeshow Director, Precious Ubah, the event will feature 50+ Speakers, 20+ Demos and Masterclasses, and about 3,000 participants expected to grace the tradeshow.

She added that IMT2.0 would converge policymakers, regulators, keynote speakers, and sector leaders in six robust panel discussions. There will be VIP and Delegates Lounges, Water-front Exhibitions, Masterclasses and Demo Day Hubs to share ideas and innovative solutions for leveraging technology to drive insurance penetration and improve the insurance industry’s efficiency and effectiveness.

Thought leaders and regulators at the events would share comprehensive insights on data analytics and artificial intelligence that will bolster product development, improve underwriting and claims management processes, help curate cyber security risks, and define the role of web aggregators in the industry’s value chain.

“We are excited to bring together the brightest minds from both insurance and technology to explore how these industries can collaborate for mutually beneficial outcomes. The registration process promises to be seamless and user-friendly, ensuring that interested individuals and organisations can easily join this transformative gathering.

“We therefore urge prospective delegates to register early and secure their spots by taking full advantage of the opportunity of the early-bird offering ahead of the event that promises rich networking opportunities with thought leaders, pioneers and peers in the ecosystem,” Precious Ubah added.

Also commenting, the Convener, INSURANCE MEETS TECH, Odion Aleobua, stated: “Insurance Meets Tech is more than just a meeting place for institutional stakeholders, industry professionals and innovators in the Life, General, Health Insurance, Insurtech, and other allied sectors. It is a crucible for innovation, where cutting-edge solutions would significantly impact the actualisation of Nigeria’s holistic financial inclusion target,” he added.

 

Almond Insurance Industry Awards 2023: Nominations Now Open

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Nominations for the 2023 Almond Insurance Industry Awards is officially open in the Twelve Categories:

  • Life Insurance Company of the Year
  • General Insurance Company of the Year
  • Insurance Broking Company of the Year
  • Loss Adjusting Company of the Year
  • Micro/Takaful Insurance Company of the Year
  • Insurance CEO/Personality of the Year
  • Reinsurance CEO/Personality of the Year
  • Insurance Broker of the Year
  • Trade Association of the Year
  • Reinsurance Company of the Year
  • Insurance (Life) Achievers Award of the Year
  • Insurance Brokers (Life) Achievers Award of the Year

The Awards was instituted to reward the “Can Do Spirit” of the men and women in the various arms of the insurance industry who strive daily to sell insurance despite the myriad of challenges in the business environment.

The event which will bring together the Crème de la Creme of society will hold on Friday 3rd of November 2023 at the Queens Park Events Centre Water Corporation Drive/Trinity Avenue off Ligali Ayorinde Street Victoria Island Lagos.

In a press release signed by the Chairman, Panel of Judges, Ms. Prisca Soares, the nomination is structured differently to reflect transparency.

As such, Brokers will nominate underwriters and vise-versa. Insurance and Reinsurance Brokers will nominate in the Reinsurance categories.

The insuring public either individual or corporate clients can also nominate for brokers and underwriters but not in the Reinsurance category since they do not have direct dealings with Reinsurers.

Nominations will run through the month of August.

The public and industry players are advised to go to the Awards website: www.almondinsuranceindustryawards.com

Use all the Social Media Handles:

Twitter: AlmondsAwards

Instagram: almondinsuranceindustryawards

Facebook: is via AlmondFinance, to nominate their choice in the various categories.

Seplat Explains Incident Involving Depthwize Majestic Rig near Ovhor, Delta State

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Seplat Energy provides an update to the previous announcement regarding the incident involving the Majestic rig.

Contrary to some media reports, the Majestic rig is owned by Depthwize Nigeria Limited and not Seplat.  As stated in our previous announcement, the rig was in transit to its next drill location at Ovhor. Seplat is the operator of OMLs 4, 38 & 41 on behalf of the NNPCEPL/SEPLAT Joint Venture.

Seplat Energy alongside Depthwize, is continuing the search for the 3 missing crew members. Divers and other emergency services are on-site, and as of 9 am, the missing crew members remain unaccounted for.

Of the other 92 crew members, 10 were admitted to hospital and stayed overnight. We are pleased to say the 10 crew members have all now been discharged from hospital.

Seplat continues to support Depthwize with the emergency response and rescue efforts continue, with the priority being the search and rescue of the 3 missing crew members.

Depthwize has notified Seplat that the single recorded fatality was a British national. The families of the deceased and the 3 missing crew members have been informed by Depthwize.

Seplat has notified the authorities of the incident and continues to comply with all regulatory requirements.

Guild Caution Insurers on Patronage of Unregistered Marine Surveyors

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L-R: General Secretary, Guild of Marine Surveyors, Festus Nwiue; Publisher, SuperNews, Ngozi Onyeakusi; Publisher, Inspenonline, Chuks Udo Okonta; President, Guild of Marine Surveyors, Wale Adetoro; Insurance & Pension Editor, Nation Newspaper, Omobola Tolu-Kusimo; Treasurer, Guild of Marine Surveyors, Sam Osu and Business Editor, Leadership Newspaper, Zaka Khaliq at the partnership engagement between the Insurance & Pension Editors of Nigeria (IPEN) and Guild of Marine Surveyors in Lagos.

The Guild of Marine Surveyors has charged insurance companies in the country to always appoint registered surveyors to be their eyes at the nation’s ports.

A marine surveyor is a person who inspects, surveys, or examines marine vessels in order to assess damage, inspect or monitor their condition and that of any cargo on board. Marine surveyors also inspect equipment intended for new or existing vessels to ensure compliance with various standards or specifications.

The President of the Guild of Marine Surveyors of Nigeria, Mr. Wale Adetoro, while speaking when members of the Insurance and Pension Editors of Nigeria (IPEN) paid a courtesy visit to the Guild at its headquarters in Lagos yesterday, noted that some insurance companies still patronise unregistered surveyors, who, in most cases, are not professionals in the discharge of their duties.

Stating that the Guild is sensitising underwriting firms through the Nigerian Insurers Association (NIA) to always carry out due diligence on any appointed surveyor to ensure he or she is registered, he added that the list of registered surveyors are on the Guild’s website.

“We still have surveyors operating at the port that are not our members, yet insurance companies engage them. Most of it is Brown Envelope under the table and if they commit any fraudulent act, nobody is there to discipline them. But in our own case, we have punitive measures against erring members, which has made every member to be alive to the discharge of their duties and responsibilities. Most of the importers don’t know who a surveyor or superintendent is. Awareness is still needed to enlighten importers on what our roles are. We have appealed to insurance companies through the NIA that if they want to appoint, they should go through our website to appoint registered members,” he pointed out.

The marine surveyors, according to him, are appointed by insurance companies to superintend and supervise cargoes that were earlier insured through marine policy to minimise damage and report accurately to their insurers the level of and reasons for damage.

Essentially, he said, marine surveyors work in the port mainly to try and limit claim exposures on marine insurance through prompt monitoring of the discharged cargoes, such that, damages are limited in the process.

To him, “insurance companies appoint us to be their face at the port, so, we are their representative. However, we have some superintendents who work with the Nigerian Ports Authority (NPA). As a group, we are not chartered yet, but we are working towards that. We are interacting with NIA through Marine Offices Committee (MOC) of the NIA. We also work in conjunction with Shippers Council and NIMASA.  MOC consists of all the marine technical heads in insurance companies. Through NIID Marine Portal, it has been able to curb, to some extent, fake marine certificates.”

Similarly, the General Secretary, Guild of Marine Surveyors, Festus Nwiue, urged the Shippers Council to ensure stevedores working at the ports are adequately insured with liability insurance and are adequately trained on handling of cargoes, stating that most insurance claims arising from marine insurance were as a result of mishandling of cargoes during discharge.

“Stevedore are the ones with the responsibility of discharging the ship or loading the ships. Stevedores are those who uses forklift, crane and so on and were responsible for loading and offloading the ships. They don’t have any insurance cover; they don’t know anything about insurance. So, some mishandle cargoes that leads to damage of goods in the process, hence, increasing the risks marine insurers are exposed to. And they mishandled cargo because they are not held responsible for damages by the Shippers Council.

“So, we have recommended to the Shippers Council to ensure that stevedores are made to procure Liability Insurance cover, so that they will be careful when handling goods. They are doing that because they know they are not held responsible. We urge the regulator to ensure that any stevedore working in Nigerian ports has insurance cover,” he stressed.

Earlier, the President of IPEN, Mr. Chuks Udo Okonta, said the purpose of IPEN’s visit to the Guild is to partner marine surveyors in the area of awareness creation on marine surveying to increase adoption.

Saying that marine insurance has suffered low media reporting in the past, he promised that members of IPEN will continually offer their hands of fellowship to the Guild whenever in need, especially, in the area of awareness on marine insurance and the role of surveyors and superintendents.

“We, as developmental journalists, see you as critical stakeholder in the insurance value-chain and just like we have engaged and currently working with some insurance consumer groups, operators, associations, and regulators, we hold the Guild of Marine Surveyors in high esteem, hence, offering ourselves for this synergy and partnership to promote insurance education and awareness, thereby increasing adoption across the country,” he pointed out.

Okonta said that IPEN is interested in developmental journalism, such that, consumers as well as stakeholders in the value-chain of Insurance and Pension services are being given a voice to share their experiences when using the services of insurers and Pension Fund Administrators (PFAs).

IPEN Visits Guild of Marine Surveyors in Lagos

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L-R: General Secretary, Guild of Marine Surveyors, Festus Nwiue; Publisher, SuperNews, Ngozi Onyeakusi; Publisher, Inspenonline, Chuks Udo Okonta; President, Guild of Marine Surveyors, Wale Adetoro; Insurance & Pension Editor, Nation Newspaper, Omobola Tolu-Kusimo; Treasurer, Guild of Marine Surveyors, Sam Osu and Business Editor, Leadership Newspaper, Zaka Khaliq  at the partnership engagement between the Insurance & Pension Editors of Nigeria (IPEN) and Guild of Marine Surveyors in Lagos.

Accra Institute of Technology Unveils Scholarship Program for ECOWAS Students

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The Accra Institute of Technology (AIT) has announced the launch of its merit-based scholarships for undergraduate and postgraduate programs across various disciplines for international students within the ECOWAS Region to boost educational mobility across the region.

Professor Clement Dzidonu, the President of AIT, said that the scholarships, which include both half and full tuition fee waivers, aim to attract exceptional international students from diverse backgrounds who demonstrate remarkable academic achievements and possess a strong commitment to personal growth and community development.

“The Half Tuition Fees Scholarship will cover 50% of the tuition fees for selected undergraduate and postgraduate programs offered by AIT, while the Full Tuition Fees Scholarship will provide full coverage of tuition fees for the most promising international students who exemplify not only academic excellence but also extraordinary leadership potential and a commitment to driving positive change in their societies.

“To apply for these prestigious scholarships, prospective international students must have exceptional academic records with a strong performance in previous studies, demonstrated leadership qualities and extracurricular achievements.”, Prof. Dzidonu said.

In addition, applicants will be required to take the AIT Scholarship Aptitude Test (A-SAT), which is designed to assess their aptitude in specific subject areas or academic skills. The A-SAT is a competitive test, and only those who are meritorious will be considered for the scholarships.

AIT offers a range of undergraduate and postgraduate programs across various disciplines, including Information Technology, Computer Science, Electrical and Electronic Engineering, Business Administration, and Occupational Safety and Health Risk Management. The scholarship application is open and applicants can apply online.

“By offering these opportunities, AIT seeks to empower international students to pursue their passions and make a meaningful impact on the world. The introduction of these scholarships represents AIT’s dedication to creating a diverse and inclusive educational environment, where talent and potential are recognized and supported within the ECOWAS region and boost students mobility for regional development and empowerment of human resources.

Mr Osei-Boakye, Registrar of Accra Institute of Technology led the launching of the scholarship and asked all applicants to apply through http://scholarship.ait-edu.us/

“Accra Institute of Technology is renowned for its academic excellence and innovative approach to education and has earned national and international recognition for its commitment to research, community engagement, and holistic development.

“AIT invites students, educators, parents, and community members to celebrate this momentous step towards fostering academic excellence and shaping the future leaders of tomorrow. For further inquiries and updates, please visit the official website of Accra Institute of Technology: [www.ait.edu.gh]”, the AIT President said.

Ekeigwe Advises Auditors to Recognise the Fallibility of Artificial Intelligence

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Chairman of Audit Committee Institute (ACI), Mr. Chris Ekeigwe, has advised auditors and accountants to tread with caution in putting trust in Artificial Intelligence (AI) as a tool for business and audit.

In his “A Letter to my Profession” (the fourth in the series of allocutions to the accounting profession) entitled “Audit Perspective on Artificial Intelligence – from Trust but Verify to Verify and Verify”, Ekeigwe warned that absolute trust in AI by auditors and accountants in the audit process and the belief in its ability to churn out flawless financial reports could spell doom for the corporate world just as the belief in the 1980s and 1990s that reports generated by personal computers were perfect, did.

Ekeigwe recalled that in the early days of personal computer, many professionals were made to believe that computers do not make mistakes, pointing out that that incorrect belief led to overconfidence and unquestioning reliance on computer reports by auditors, without diligent verifications, leading to the failure of auditors to timeously detect errors and fraud, and in turn resulted in the collapse of some companies in the 1980-2000s such as Barings Bank, Bank of Credit and Commerce International (BCCI), Wells Fargo, Enron, WorldCom, etc. He warned that a throwback to that era will be even more disastrous, given the immense power of AI today.

He therefore asked accountants and auditors to be wary of the ongoing “persuading” calls by the tech industry assuring of the infallibility of AI, and the need to trust it.  Riffing on the sentiment of Pirelli Tire advertisement that says “power is nothing without control,” he called on the profession to insist that appropriate auditable controls are designed into AI technology.

Even with what AI can help them to achieve, he advised that auditors should be unapologetically, courageously paranoid and inquiring, in all circumstances, even when that makes them unpopular. He maintained that the desires of the accountants and auditors for the truth should prevail if they do not put craven trust in the biased messaging about trust in AI.

Ekeigwe who lauded the enterprise of AI developers, describing them as great inventors and the best and brightest in class who are creating value for society, however, said that implicit in AI is fallibility inherited from its human creators. According to him, “we have never made anything perfect in all human history, and it is unthinkable that AI will become perfect before its creators.” He therefore, maintained that the messaging of absolute trust in AI is unwarranted and deceitful, and should not be bought wholesale by auditors whose control-thinking is a critical success factor for the corporate world.  He insists that AI deserves only measured trust.

“It is noteworthy that our generation fetishized technology to the detriment of control thinking, conceding, or attributing, unwarranted power to it”, Ekeigwe said, adding that “I see that happening again today with the cognitive impact of tech industry’s exuberating messaging that we should trust AI, even while we see increasing signs that AI is not sufficiently reliable to warrant our implicit trust.”

In the face of the potential dangers of AI, he said that the concept of verify and verify is not a mere emphasis, but an expression of significance. He posits that “truly, verify and verify, in AI environment, influences the future performance of controls and results of audit, and, therefore, the future going-concern posture of an entity. He said that audit should shift from “trust but verify” to sedulous “verify and verify.”

Ekeigwe said that one of the problems that audit has for dealing with AI trust is skills decay, namely, the obsolescence of skills due to rapid changes in AI technologies. “By now we should have AI audit experts the way we quickly developed for earlier technologies, but those who have been working hard to develop the skills for auditing AI quickly get blindsided by AI technology turnover”, he said, pointing out that achieving enduring AI audit capability maturity will continue to be a challenge for the accounting/auditing profession.

To checkmate the many surprises that AI will present in the future, he advised that the accounting/auditing profession should commit to the doctrine of “verify and verify” with grit and accordingly invest in, and focus on, learning how to control AI through empowering “tecknowledge” (techie knowledge with dexterity), system thinking, control thinking, control design, human behaviour, etc., so we can safely deploy and exploit the power of AI.

NCC Showcases Indigenous Telecom Achievements at NTICE 2023 Expo

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The Nigerian Communications Commission (NCC) is set to showcase achievements so far recorded in the promotion of indigenous content in the telecommunications sector at the second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023), which holds in Lagos from August 22-24, 2023, at Landmark Centre, Victoria Island, Lagos.

Themed: “Harnessing Indigenous Content for Economic Growth: Networking to Boost Investment”, the Commission said it is mobilizing stakeholders for a remarkable outing, following a very impressive showing at the maiden edition of the event last year.

The NTICE is being coordinated by the Commission’s Nigeria Office for Developing the Indigenous Telecom Sector (NODITS), which superintends over efforts for effective implementation of the National Policy on the Promotion and Implementation of Indigenous Contents in the Telecommunications Sector, (NPPIC).

The Expo is open to multi-sectoral participants, including indigenous telecom operators, manufacturers, regulators, government agencies, policymakers, innovators, industry leaders, startups, other actors in the telecom ecosystem, academia and global experts to showcase their products and services, innovative solutions and new technologies.

The Nigerian Communications Act (NCA) 2003 empowers the NCC to encourage local and foreign investments in the Nigerian communications industry, introduce innovative services and practices as well as promote the participation of Nigerians in the ownership, control and management of communications companies and development of communications manufacturing and supply sectors.

Therefore, NTICE 2023 is being organised in keeping with the extant provisions of the NCA 2003, and to promote the four focus areas of the NPPIC, which are Manufacturing, Service, People as well as Research and Development for innovation in line with the Federal Government’s drive to diversify the economy.

The event has continued to serve as a rare assemblage of stakeholders where diverse thoughts can be shared in contexts that advance utilization of indigenous contents in the nation’s telecommunications industry.

Participation at the event requires mandatory formal registration ahead of the day of the event and the Commission has created the link: www.ntice.ncc.gov.ng for this purpose, and intending participants are advised to register before August 22, 2023.

In an interaction with the NCC’s in-house media recently, the Executive Vice Chairman and Chief Executive Officer of the Commission, Prof. Umar Danbatta, reiterated that NTICE is Nigeria’s largest annual indigenous telecoms, tech and startups, manufacturing and innovative event that brings to stakeholders the powerful connections and valuable new relationships that highlights the achievements and vast potentials of a tech-driven digital economy.

The 2023 Expo is billed to project the achievements of indigenous content by the government for the sector and afford participants the platform to showcase their products and services, innovative solutions and new technologies.

NAIC Sympathises with Livestock Farmers over Anthrax Disease

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The Nigerian Agricultural Insurance Corporation (NAIC) deeply sympathises with livestock farmers adversely affected by the reported case of Anthrax disease in the country.

In a press release from the Office of the Managing Director/CEO of NAIC, Mrs. Folashade Joseph, she expressed concerned about the outbreak of the Anthrax disease and its negative effects on the income of livestock farms and the risk to fellow Nigerians who might unknowingly be affected.

Mrs. Folashade Joseph advised the general public on the need to take a NAIC agricultural cover to mitigate against the effects of Anthrax disease and other emerging risks in the agricultural value chain.

She also affirmed that the provision of insurance solutions for agricultural hazards in a major mandate of the Corporation, which is fully owned by the Federal Government.

Furthermore, the Managing Director/CEO drew the attention of farming communities and entrepreneurs of impending floods across the country and the need for proper best practices which include taking of a NAIC agricultural insurance cover which is guaranteed to plough those who suffer losses back to prosperity.

NGX, CSCS, Euroclear to Create Dollar Settlement Platform for Fintechs

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The Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement platform that will enable tech startups to raise in dollars.

The Exchange stated that this would create opportunities for domestic investors to have access to their shares and at the same time, contribute to the growth of the Nigerian economy through democratization of capital formation.

Speaking during the Annual A&O Fintech webinar themed; Fueling Fintech: The Power of Capital, the Role of Regulation, the Divisional Head, Capital Markets, NGX, Jude Chiemeka, noted that although public markets are viable options for raising capital, fintechs have preferably opted for private markets because of regulatory rule of disclosure and stricter governance requirements that is necessary for listing publicly.

He explained that to address this issue, NGX received approval from the Securities and Exchange Commission (SEC) to launch a technology board for fintechs and tech companies to raise capital.  Chiemeka stressed that the tech board is geared at encouraging tech firms to come to the market and raise capital in local currency, which would prove beneficial amid the high interest rate environment that had made foreign investors hawkish.

Whilst stating that the issue of settlements may discourage fintechs from accessing capital in US dollars on the public market, Chiemeka revealed that the Exchange was working on a partnership that is directed at fixing that problem.

He said: “NGX is working with CSCS and Euroclear to create a dollar settlement platform that allows tech companies (start-ups or existing ones) to raise capital in dollars. We have reviewed listing procedures for tech companies who want to list. Requirements around number of shareholders, years of operation among others have been relaxed to catalyse these listings.”

Owing to the high interest rate environment, Chiemeka said that domestic investors had been allocating their Assets under Management (AuM) to majorly FGN bonds. He further revealed that there had been more outflows than inflows from FPIs and that had impacted the performance of equities in recent times, especially as regards volume and value of transactions.

He called on the present administration to eke out deliberate and enabling policies to drive listings on the exchange’s platform.

“The government needs to be deliberate on policies that will encourage corporates to list and now that it is thinking of creating palliatives due to removal of subsidy, they can also consider those that will incentivise companies list and see the domestic capital markets as choice platforms to raise capital. Publicly traded companies pay more taxes and are better governed so there is an upside for government in driving more listings. This will go a long way to encourage these institutions to look into the local markets.” Chiemeka said.

 

 

 

NSML Launches Clean Waterways Initiative to Tackle Plastic Pollution

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NLNG Shipping and Marine Services Limited (NSML) has launched its Clean Waterways Initiative, a programme to raise awareness of the dangers of plastic pollution and to advocate for action to address the issue.

Speaking on the initiative, the Chief Executive Officer of NSML, Mr. Abdulkadir Ahmed, highlighted the urgency of the plastic crisis and its detrimental effects on economic activities, human health, and the environment.

“Our Waterways, and by extension the world’s oceans, are in the depths of a plastic crisis. Plastics and marine pollution have found their way into every marine ecosystem, impacting economic activities and the health of our people and the environment.

“We all have a role to play in protecting our oceans. The NSML Clean Waterways Initiative is our way of contributing to the global effort to tackle plastic pollution. We urge everyone to join us in this important work,” Mr Ahmed said.

Also speaking on the initiative, Nigeria LNG Limited’s (NLNG’s) General Manager, External Relations and Sustainable Development, Andy Odeh, said that the clean water initiative was a universal cause, given the importance of water to human existence.

The launch of the Clean Waterways Initiative comes at a time when the world is facing a growing plastic pollution crisis. According to the United Nations, over 8 million tonnes of plastic enter our oceans every year, and scientists warn that by 2050, there will be more plastic (by weight) than fish in the sea.

The NSML Clean Waterways Initiative is a call to action for all stakeholders to address this urgent problem. It adopts a “TRIPLE A” Awareness, Advocacy, and Action strategy. It seeks to raise public awareness, educate stakeholders, and drive policy changes and solutions at the sub-national and national levels. The initiative will focus on clean-up efforts, improving waste management, and promoting recycling practices to reduce the inflow of plastics and waste into our rivers and waterways.

The launch of the Clean Waterways Initiative was attended by stakeholders in the industry.

The NSML Clean Waterways Initiative is a significant step forward in the fight against plastic pollution.

NSML is a subsidiary of NLNG. The private limited liability company provides shipping and maritime services which include training, manning, fleet management and consultancy services.

NCDMB Advocates Corporate Governance for Indigenous Oil Firms

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Indigenous oil and gas companies must instill principles of corporate governance in their operations if they are to grow and achieve sustainability, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has said.

Speaking virtually at the ceremony marking the rebranding of the Niger Delta Exploration and Production (NDEP) into Aradel Holdings, the Executive Secretary rued that many local oil and gas companies have died because they do not adhere to corporate governance principles.

He lauded the management of Aradel Holdings for setting high standards of corporate governance, stating that “one of the incredible things the Chairman, Chief Ladi Jadesimi; the former Managing Director, Dr. Layi Fatona and their team have done is instilling the spirit of corporate government. That is why the company is succeeding the owners of the business are not contractors; they do not engage contractors and they do not engage in round tripping. That has led to their success.”

Speaking further, Wabote described Aradel Holdings as a good example, noting that they have made significant returns to their joint venture partners. “They are one of the local companies that NNPC Limited is proud to associate with. NCDMD is also proud of their success and we will continue to support them,” he assured

The NCDMB boss charged indigenous producers to emulate Aradel Holdings and to take corporate governance seriously, recommending that owners of businesses should detach themselves from the daily operations of their organizations.

Dwelling on local content development, Wabote challenged Aradel Holdings to champion the development of local content, stressing that the implementation of the Nigerian Content initiative and the Nigerian Oil and Gas Industry Content Development (NOGICD) Act enabled indigenous producers to exist and thrive. He insisted that it is the responsibility of Aradel Holdings and other local producers to support local content, protect and enhance it, with a view to creating jobs, growing technology, and developing the nation’s natural resources.

He remarked that the percentage of unemployed Nigerians was about over 30%, warning that it would be a grave mistake if the oil industry were to de-emphasise local manufacturing and local production. He also challenged Aradel Holdings to play an active role in the acquisition of assets being divested by some international operating oil companies.

Earlier in his speech, the chairman of Aradel Holdings, Chief Ladi Jadesimi traced the history of the firm, noting that it had operated in the past three decades and pioneered several initiatives, including marginal field operations, one of which is the Okpele Field, which it has grown the daily production from about 1,000 barrels of crude oil per day to 13,000 barrels. The company is also a fully integrated oil and gas company, and also pioneered modular refinery initiatives with the first train of 1,000 barrels per day, which has since expanded to 11,000 barrels per day.

In his comments, the Managing Director of Aradel Holdings, Mr. Adegbite Falade described the new name as an acronym of the founding Chairman, late Chief Aret Adams, and the firm’s original name and area of operations, which is the Niger Delta region. The new name also signified the company’s resilience and preparedness to meet the challenges of energy transition and security as well as become the leading energy company in the country, he added.

Falade also announced that the company’s modular refinery will soon begin to refine premium motor spirit, alongside other major projects the firm plans to embark on.

NLNG Holds 2nd Digital Communication Skills Workshop for Journalists

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Participants sit with Andy Odeh, NLNG’s GM, External Relations and Sustainable Development (centre), and facilitators from The Journalism Clinic, Dan Mason and Taiwo Obe (right) at the close of the #NLNGChangeYourStory workshop in Abuja.

Nigeria LNG Limited has completed the second edition of its highly impactful 2023 #NLNGChangeYourStory workshop, aimed at equipping journalists with cutting-edge digital communication and social media skills.

From 1st August to August 3, 2023, the annual capacity-building workshop brought together a diverse group of more than 25 journalists from various editorial sections in Abuja. The event, fully sponsored by NLNG, focused on mobile and multimedia journalism, offering participants a comprehensive learning experience.

At the workshop, Mr. Andy Odeh, NLNG’s General Manager of External Relations and Sustainable Development, stated that NLNG remained steadfast in its commitment to empowering journalists with the tools and skills needed to effectively convey stories that resonate with the Nigerian populace in today’s rapidly evolving digital age.

Odeh reiterated NLNG’s belief in fostering symbiotic relationships with its stakeholders, recognising their indispensable role in the company’s current and future success.

“The growth and triumph of NLNG’s stakeholders are inextricably tied to the company’s growth, and thus, capacity building remains a cornerstone of NLNG’s commitment to collective progress. NLNG’s dedication to capacity building is not mere rhetoric but a tangible commitment that bolsters the growth and success of both stakeholders and the nation. It is also in line with our vision of being a globally competitive LNG company helping to build a better Nigeria,” he said.

He added that NLNG’s quest for sustainability led to the recognition of digital communication and social media as the future of the media. He stated that the workshop was initiated in 2015 when eight journalists participated in the first #NLNGChangeYourStory workshop.

The workshop, delivered by seasoned journalist, Mr. Dan Mason in collaboration with The Journalism Clinic, led by Mr. Taiwo Obe, proved to be a transformative experience for the participating journalists. Leveraging their wealth of knowledge and experience, these experts adeptly guided participants through the nuances of digital communication and social media, empowering them to take control of their narratives and shape the nation’s stories.

#NLNGChangeYourStory workshop has benefited over 90 journalists since 2015, reinforcing their digital communication and social media competencies. The workshop is an inspiring testament to the transformative power of state-of-the-art training. Journalists emerge equipped with the confidence and skills to embrace digital communication and social media.

NLNG, CORA Showcase The Nigeria Prize for Literature Longlist of 11 Playwrights

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Andy Odeh, NLNG’s GM External Relations & Sustainable Development with playwrights in the Longlist of 11 playwrights of The Nigeria Prize for Literature (2023) at the NLNG-NPL Book Party in Lagos…recently.

Nigeria LNG Limited (NLNG) and the Committee for Relevant Arts (CORA) last weekend in Lagos held a book party in honour of the longlist of 11 playwrights for The Nigeria Prize for Literature (2023 edition).

The book party featured the readings from the longlisted plays and a panel session with the playwrights who participated in person or virtually.

This will be the first public gathering of the writers on the longlist recently released by the panel of judges led by Professor Ameh Dennis Akoh, a Drama and Critical Theory professor at the Alex Ekwueme Federal University, Ebonyi State. Other panel members include Professor Osita Catherine Ezenwanebe and Dr. Rasheedah Liman.

Playwrights on the longlist who attended the event include Victor S. Dugga (Gidan Juju), Obari Gomba (Grit), Cheta Igbokwe (Home Coming), Christopher Anyokwu (The Boat People) and Abuchi Modilim (The Brigadiers of a Mad Tribe)

Other authors who attended were Olubunmi Familoni (When Big Masquerades Dance Naked), Olatunbosun Taofeek (Where Is Patient Zero) and Henry Akubuiro (Yamtarawala – The Warrior King).

Abideen Abolaji Ojomu (Ojuelegba Crossroads), Ade Adeniji (Dance of The Sacred Feet) and Bode Sowande (The Spellbinder) joined the panel session virtually.

In his remarks, the General Manager of External Relations and Sustainable Development at NLNG, Mr Andy Odeh, said the annual book party brings NLNG, the sponsor of the prize, together with the literary community to promote excellence and creativity, and to project outstanding books to Nigerians and the world.

“Nineteen (19) years of successful administration have produced 17 winning works, and over $1 million has been won. This prize stands out as the biggest and most prestigious literary prize in Africa, and one of the world’s biggest and most reputable. We are happy that today presents an opportunity to interact with these 11 playwrights. We are just two steps away from announcing the winner of the $100,000 prize in October.

“We instituted The Nigeria Prize for Literature because we were concerned that standards of reading, writing, editing, proof-reading and publishing were drastically falling in Nigeria, a country that largely founded and dominated the African Writers Series; a country that is also known to have produced reputable writers and winning works. Today, we are glad that Nigeria can showcase great literary works published in Nigeria. Our library and bookshelves have been enriched with many great works by Nigerian writers. The Nigeria Prize for Literature alone has received over 2400 entries in the four genres, many of which are top-quality entries,” he said.

In his speech, Ropo Ewenla, a member of the CORA Board, stated that the idea of a book party sprung from a review of the prize in 2010 when some argued that stakeholders should do more for the publishing industry. He said CORA came up with the book reading event to create an opportunity for the authors to discuss their books with the audience, adding that nothing beats a book reading. He stated further that the prize money of $100,000 makes the competition one of the most keenly contested literary prizes in the world. Still, he added that writers primarily want to distinguish themselves with their writing and be recognised.

The 11 entries were selected out of 143 for this year’s prize round, which focuses on Drama. The final verdict on the winning entry is expected to be announced in October 2023.

The Nigeria Prize for Literature rotates yearly among four genres: prose fiction, poetry, drama and children’s literature.