New Tech, Who Dis?

Plus: Here are five websites illegally harvesting Nigerians private info.                                                                                                                                                                                                                                                                                                                                                                                                                 June 24, 2024 | [Read Online]( In partnership with Share this newsletter: //link.mail.beehiiv.com/ss/c/u001.3gD7PSbuofKNJf4aviiyABEwLaotY-cnTvL9XkLJeecz8HFi5aIcJRlOHNPACAGtlq5KbbmzlzCpN5GuBGOUoSMHEQdMvCCErcPqfkCTamGENiBnMw13k66-yrDlLxWUB9RftIlE-bWMWuItArt_RDuqPgrNqkcEmEm_hc3ce_50MZ-kd5pQlKD5AnWDcNj4nJXiYEOqrosAPUHjqbaAO7ZBZyzCkRFrwjspuCfHmgmwg6e9Iv-mmh7qGr6TTxDFMOCa7U_2F2IckZfuDXCf0UbLkp6rAGwwRHXB1atOZ4t5HRS-VQ1xdXxX4kYon4lvy6_0-9z1VhHEgnARsErED01QdzUw9Y7nqVA1qn7bk5QaAU-B-BZbxUmyArm7CJLo/47h/7RX5NlyBT0eX6at324Q8Vw/h2/h001.-BvUHTcY2dG5Vh8M5veUnMO0s_1oU4-stKU0r9QXI6A [Lire en Français]( [اقرأ هذا باللغة العربية]( Good morning ☀️ In 2023, Moonshot by TechCabal sparked a global conversation, tackling the continent's most pressing challenges with innovative solutions. This documentary dives into the heart of Moonshot 2023 and gives a glimpse of what's to come in Moonshot 2024. [Watch the full documentary]( and see how Moonshot is changing Africa. In today's edition - [Nigeria lists five websites illegally mining citizens’ data](#Story1) - [SEC lays ground rule for faster VASP licence approval](#Story2) #Story2- #Story2[DR Congo's biometric ID project faces cancellation](#Story3) #Story3- #Story3[Nigeria Immigration Service to screen travellers with new tech](#Story4) - [The World Wide Web3](#WW3) - [Job openings](#Opps) Data //link.mail.beehiiv.com/ss/c/u001.3gD7PSbuofKNJf4aviiyABEwLaotY-cnTvL9XkLJeecz8HFi5aIcJRlOHNPACAGtcTvx_zsgRHGtGrss45M2hTmtXImtmsEWshVf77XvG1h7w4MN0MP-tmd1HbyBU_rBudbGG_uiBtWl5LFrOQ1o6rMZXd5zsqrtuhSJwo9oXJepieWQFOdsfzYnJrGxAL9k6v_Iqtls4C7b6seSXLNIU3mgbGXMwPY_bQahvACnRU2TliPGe_HuhNRymXevf06capivzENQUR2Ubjo5858UEN31SM0au6oS8IL19kHTRggQp0I87Nc2uIj6IgJfc3Y6ZO4rHm06Md-o1QVCwtJAOb-F5LIm259p-u0IrQ4cmFM/47h/7RX5NlyBT0eX6at324Q8Vw/h8/h001.Kv5fwOnpCCJdZah62yaftAAUSSFPbQDmyLANJAKo13E NIMC lists five illegal data services websites This year alone, Nigeria’s digital ID authority, the National Identity Management Commission (NIMC), has had at least two data breaches linked to its partner agents—a debacle with XpressVerify in March 2024, and recently with Anyverify.com.ng last Thursday. These unlicensed “data service” providers were selling the personal information of millions of Nigerians—which they had bought from licensed agents—for a mere ₦190 ($0.12). With such sensitive details readily available, the safety and privacy of countless Nigerians were put at significant risk. In [Faith Omoniyi’s report]( for TechCabal, an unnamed ethical hacker theorised that, “It is either the NIMC is doing a poor job at data protection by using cloud storage to store data or an insider is allowing individuals to retrieve data.” The second theory by the hacker might be a good point. In February, [NIMC restored]( NIN verification after the World Bank claimed the process was vulnerable to data breaches. With the service restored, [NIMC-licensed partners]( can allegedly make API calls to access data information of Nigerians and sell to sub-agents for profit without NIMC’s knowledge. The agency issued a statement on its public domains where it denied the claims, and assured Nigerians that no sensitive data was exposed. Part of the statement read, “The Commission have not authorised any website or entity to sell or misuse the National Identity Number (NIN) amongst all the identities stated in the report,” referring to [Paradigm HQ’s report]( that first broke the news of the breach on Thursday. More bad actors: Following Anyverify.com’s ousting as an illegal data services website, NIMC’s statement drew attention to four other websites—idfinder.com.ng, verify.ng/sign-in, championtech.com.ng, and trustyonline.com—that harvested data of millions of Nigerians. All of them have now shut down to hide traces of their activities. But the real questions still remain: Why was the NIN Verification Service (NVS) recommissioned and why is the Commission allowing licenced agents to make API calls to its database? Process payments smoothly with Moniepoint And we'll have processed almost 5,000 more by the time you're done reading this. Your business payments can be one of them. Click [here]( to sign up. Regulations //link.mail.beehiiv.com/ss/c/u001.3gD7PSbuofKNJf4aviiyABEwLaotY-cnTvL9XkLJeecz8HFi5aIcJRlOHNPACAGtcTvx_zsgRHGtGrss45M2hTmtXImtmsEWshVf77XvG1h7w4MN0MP-tmd1HbyBU_rBudbGG_uiBtWl5LFrOQ1o6rMZXd5zsqrtuhSJwo9oXJepieWQFOdsfzYnJrGxAL9k6v_Iqtls4C7b6seSXLNIU3mgbGXMwPY_bQahvACnRU2TliPGe_HuhNRymXevf06capivzENQUR2Ubjo5858UEN31SM0au6oS8IL19kHTRggQp0I87Nc2uIj6IgJfc3Y6ZO4rHm06Md-o1QVCwtJAOb-F5LIm259p-u0IrQ4cmFM/47h/7RX5NlyBT0eX6at324Q8Vw/h17/h001.w_KxVTpQiACDZs9wJY60Kim0mA5gqlZR7VInClX9UC8 SEC lays ground rule for faster VASP licence approval Nigeria's crypto scene just got a jolt. The Securities and Exchange Commission (SEC) launched a surprise programme—the [Accelerated Regulatory Incubation Program]( (ARIP)—for virtual asset service providers (VASPs), a.k.a. crypto exchanges. Under the SEC’s purview, VASPs are cryptocurrency service providers that facilitate the trading and safekeeping of virtual assets (excluding debt and equity digital assets) for other people (usually its users). An example of a VASP licence holder in Nigeria is Yellow Card—the crypto exchange platform. Typically, the procedure for a VASP license to become fully operative takes 10—13 weeks. However, with the new 30-day ARIP window already effective, companies that have already filed applications with the Commission prior, and those seeking to be registered as VASPs can obtain approval-in-principle, pending when the [Digital Assets Rules [pdf]]( become operational. The cost of the ARIP programme, however, comes at the additional cost of a non-refundable ₦2,000,000 ($1,300) fee—plus the original ₦150,000,000 ($98,000) registration fee announced in March—for companies that want to cue in for this programme. Zoom out: The ARIP and increased fees could potentially weed out smaller players with malicious intent in the crypto space, centralising the market among well-funded entities. While this might enhance stability, it could also stifle innovation and limit access for everyday Nigerians. While the SEC frames this as a path to compliance, the rushed nature of the programme raises eyebrows. Is this a genuine attempt at creating a regulated crypto environment, or a hasty reaction to Nigeria’s crypto powerhouse which has accounted for [over $50 billion in crypto transaction value]( since 2022? Issue USD and Euro accounts with Fincra Create and manage USD & Euro accounts from anywhere. Fincra allows you to issue accounts to your users, partners & customers to collect payments without the stress of setting up and operating a local account. [Get started today](. Data //link.mail.beehiiv.com/ss/c/u001.3gD7PSbuofKNJf4aviiyABEwLaotY-cnTvL9XkLJeecz8HFi5aIcJRlOHNPACAGtcTvx_zsgRHGtGrss45M2hTmtXImtmsEWshVf77XvG1h7w4MN0MP-tmd1HbyBU_rBudbGG_uiBtWl5LFrOQ1o6rMZXd5zsqrtuhSJwo9oXJepieWQFOdsfzYnJrGxAL9k6v_Iqtls4C7b6seSXLNIU3mgbGXMwPY_bQahvACnRU2TliPGe_HuhNRymXevf06capivzENQUR2Ubjo5858UEN31SM0au6oS8IL19kHTRggQp0I87Nc2uIj6IgJfc3Y6ZO4rHm06Md-o1QVCwtJAOb-F5LIm259p-u0IrQ4cmFM/47h/7RX5NlyBT0eX6at324Q8Vw/h25/h001.AxRECdJiaBPrL9fO5r_n0_b7O7QGoPDt8D-aIr3o6PM DR Congo's biometric ID project faces cancellation The DR Congo has struggled with national identification for decades. The last issuance occurred in 1984 when the country was still known as Zaire. In 2023, DRC [announced the launch of new biometric identification]( which attracted bids from industry giants such as Idemia, Thales, and Veridos. It was awarded to Afritech and French identity giant Idemia and was expected to cost $697 million. The big snag: The contract [may be cancelled]( following allegations of financial misconduct. The Inspectorate General of Finance (IDF) is investigating possible contract inflation. Afritech's founder, Samba Bathily, will not be allowed to leave DRC . DRC initially unveiled its plan to create a new population register and implement a biometric identification system in 2020. However, the project fell through at the time due to lack of funding. What do you want to see from Paystack in 2024? Paystack would love to hear from you! Let us know what improvements or new features you’d like to see from Paystack in 2024. [Share your wishlist here →]( Economy //link.mail.beehiiv.com/ss/c/u001.3gD7PSbuofKNJf4aviiyABEwLaotY-cnTvL9XkLJeecz8HFi5aIcJRlOHNPACAGtcTvx_zsgRHGtGrss45M2hTmtXImtmsEWshVf77XvG1h7w4MN0MP-tmd1HbyBU_rBudbGG_uiBtWl5LFrOQ1o6rMZXd5zsqrtuhSJwo9oXJepieWQFOdsfzYnJrGxAL9k6v_Iqtls4C7b6seSXLNIU3mgbGXMwPY_bQahvACnRU2TliPGe_HuhNRymXevf06capivzENQUR2Ubjo5858UEN31SM0au6oS8IL19kHTRggQp0I87Nc2uIj6IgJfc3Y6ZO4rHm06Md-o1QVCwtJAOb-F5LIm259p-u0IrQ4cmFM/47h/7RX5NlyBT0eX6at324Q8Vw/h32/h001.aOoh6sB_ekRlDWX2B7WXx2jatUcBgx9u4VptizCz4q0 Nigeria Immigration Service to screen travellers with new tech Nigeria [has introduced a new technology]( called Advance Passenger Information (API) and Passenger Name Record (PNR) in Nigeria. This system connects with major global databases, including INTERPOL 24/7 and the Migration Information and Data Analysis System (MIDAS), to make passenger entry easier and improve national security. Minister of Interior, Olubunmi Tunji-Ojo, explained that this project was a joint effort between the Ministry of Interior and the Ministry of Aviation and Aerospace Development. What does it do? Well, the Nigeria Immigration Service (NIS) can now screen travellers before they arrive in Nigeria. This system works by collecting travellers' information from airlines and checking it against international databases like INTERPOL and MIDAS. This allows the NIS to identify potential security risks and prevent them from entering the country. There’s more: The Minister also [announced the completion]( of the Command and Control Centre for the Air Border Control Management System at the Nigeria Immigration Service (NIS) headquarters, a facility representatives from the International Air Transport Association (IATA) in Canada reportedly say is one of the best in the world. The system is a high-tech hub that monitors air traffic, analyzes passenger data, and coordinates with security forces to streamline and secure air travel. Calling all business owners! What keeps you up at night? Is it salary payments, high cost of distribution, or the rising cost of raw materials? Attend Growing with Sparkle Webinar 2.0. Renowned economist B.J Rewane and Omon Anenih, Founder of Dew Centre, will share tips to help you navigate these challenges and maintain a steady cash flow. [Click to register!]( Crypto Tracker //link.mail.beehiiv.com/ss/c/u001.3gD7PSbuofKNJf4aviiyABEwLaotY-cnTvL9XkLJeecz8HFi5aIcJRlOHNPACAGtcTvx_zsgRHGtGrss45M2hTmtXImtmsEWshVf77XvG1h7w4MN0MP-tmd1HbyBU_rBudbGG_uiBtWl5LFrOQ1o6rMZXd5zsqrtuhSJwo9oXJepieWQFOdsfzYnJrGxAL9k6v_Iqtls4C7b6seSXLNIU3mgbGXMwPY_bQahvACnRU2TliPGe_HuhNRymXevf06capivzENQUR2Ubjo5858UEN31SM0au6oS8IL19kHTRggQp0I87Nc2uIj6IgJfc3Y6ZO4rHm06Md-o1QVCwtJAOb-F5LIm259p-u0IrQ4cmFM/47h/7RX5NlyBT0eX6at324Q8Vw/h39/h001.RQd7LyN1VLfrBpS-ia0OaEf0YnSku8Ms41lCvA-xvPk The World Wide Web3 Source: [Coinmarketcap logo] Coin Name Current Value Day Month Bitcoin $62,680 - 2.81% - 7.17% Ether $3,363 - 4.18% - 11.01% Ethena $0.55 - 9.17% - 38.14% Solana $124.71 - 7.20% - 26.42% * Data as of 06:40 AM WAT, June 24, 2024. Jobs //link.mail.beehiiv.com/ss/c/u001.3gD7PSbuofKNJf4aviiyABEwLaotY-cnTvL9XkLJeecz8HFi5aIcJRlOHNPACAGtlq5KbbmzlzCpN5GuBGOUoSMHEQdMvCCErcPqfkCTamGENiBnMw13k66-yrDlLxWU-MAPekOEWOHPaOuPfjkrST3Wc_dlzIRqBM9NWxuXFitfMWifyBgbHPltNrO7_ipfr9HG-6ZcrEeb390dN-kkTKWgzLKRAsQwqHUreqX8878mAItHpLVBLUorzVSGxswzBHzo0_JH0TQZOJr2XaVeWDGsPFUftTjt4osBAYok-3W4cuPCFu1dy3zAaQ2asqPoJRUXC1Rd5YpViXeSpH9sCw/47h/7RX5NlyBT0eX6at324Q8Vw/h42/h001.5pw4p6mffoEuS-nj04PfBTxciBCSr8JnoVOI_QT6wOg - Big Cabal Media - [Senior Video Producer](, [Deputy Editor (Zikoko)](, [Event Production Assistant](, [Client Account Manager]( - Nigeria - TechCabal - [Features Writer](, [Features Director]( - Africa - Leadway Assurance - [Relationship Officer]( - Lagos, Nigeria - Kuda Bank- [Content Writer -]( Lagos, Nigeria - Quidax - [Market Operations Intern](, [Revenue Assurance Analyst]( - Lagos, Nigeria - Carry1st - [Growth Manager]( - Lagos, Nigeria - Bumpa - [Senior Mobile Engineer](, [Senior Backend Engineer]( - Nigeria (Remote) - Comiblock - [SEO Specialist](, [Data Engineer](, [Machine Learning Engineer]( - Lagos, Nigeria Here's what we've got our eyes on - [Botswana nears highest unemployment rate since 2008 ahead of 2024 polls]( - [US lawmakers visit detained Binance executive in Kuje prison]( - [Kenya's Ruto ready for 'conversation' with youth protesters: presidency]( - [Worldcoin returns to Kenya after police drop investigations]( Written by: [Emmanuel Nwosu]( & [Towobola Bamgbose]( Edited by: [Olumuyiwa Olowogboyega]( & [Timi Odueso]( Want more of TechCabal? 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