Fintech Loan Sharks & Attendant Issue Of Cyberbullying -There is a need for laws that would govern the operations of digital lenders in Nigeria as a whole
Indeed, it is believed that Ponzi schemes and indeed all other fraudulent practices in breach of capital market rules can ideally be addressed by the deployment of Regtech systems that leverage advanced data analytics and artificial intelligence to generally identify suspicious financial dealings or activities on which such Ponzi schemes thrive.
The SEC would provide a FinTechs Assessment Form, to be filled by Fintechs ahead of time, from which the SEC would determine which platform/model falls in which phase.
“A youthful population, increasing smartphone penetration, and a focused regulatory drive to increase financial inclusion and cashless payments, are merging to create the perfect recipe for a thriving Fintech Sector in an electronic age where every day financial transactions are conducted on electronic platforms.”
Environmental pollution is of considerable concern throughout the world. Consequent upon this, Renewable Energy has become a topic whereby its importance cannot be overemphasized. Nigeria as a nation has borne a lot of challenges in its quest to attain solutions to sustainable energy. This article will critically evaluate the opportunities and benefits associated with renewable energy sources; social and economic development of renewable energy, climate change mitigation caused by renewable energy, challenges faced in the implementation of the renewable energy, current position of renewable energy in Nigeria and the Laws regulating the application of renewable energy in Nigeria.
Nigeria’s quest to achieving a compliant data protection status capable of securing database rights and indeed all other ancillary intellectual property rights cannot be achieved overnight. Nonetheless, the above issues discussed are cardinal and must be tackled as a first step:
With the decision of Fintech giants Paypal, to restrict foreign payments into Nigeria owing to the prevalence of advanced fee frauds (Yahoo-Yahoo ) in the country, the issuance of a regulation as the NDPR which creates a sense of a protection culture must be applauded albeit with reservations as to the efficacy of its enforcement or the adequacy of its provisions to ensure a stellar data protection status in Nigeria.
CYBERSECURITY Are Fintech & i.t. Gurus Cybercriminals Under The Ambit of The Law? 01/04 Introduction The perception of the Nigerian cyber infrastructure and the legal…