Oi,
Victoria from Techpoint here,
Here's what I've got for you today:
- NIMC flags five websites for data breach
- CBN reinstates Eyowo’s licence
NIMC flags five websites for data breach
The National Identity Management Commission (NIMC) has flagged five websites for allegedly collecting Nigerians' data without permission. These websites are:
- idfinder.com.ng
- Verify.Ng/sign in
- championtech.com.ng
- trustyonline.com
- anyverify.com.
NIMC’s spokesperson, Kayode Adegoke warned people to stay away from these websites since they could be scams collecting data without permission.
This comes after Paradigm Initiative raised concerns about some sites selling personal data like National Identification Numbers (NIN), Bank Verification Numbers (BVN), and International Passports.
What was the gist? Paradigm Initiative raised alarms about unauthorised websites selling personal data for ₦100, warning that this could lead to identity theft, financial fraud, and other serious risks.
They pointed out that leaked data could put individuals in danger and threaten the national economy, with burglars, kidnappers, or terrorists potentially exploiting this information.
But? NIMC reassured Nigerians that their sensitive data is safe and hasn't been compromised. They warned against using unauthorised sites and emphasised that only approved partners can verify NINs.
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The Commission is working with security agencies to catch fake vendors and promised legal action against offenders, urging everyone to stay vigilant and trust NIMC's security measures.
CBN reinstates Eyowo’s licence
Eyowo, a Nigerian fintech company, has bounced back with its licence reinstated fully by the Central Bank of Nigeria (CBN).
This reinstatement allows Eyowo to resume offering its products including digital banking, payment solutions, and financial management tools tailored for individuals and businesses.
Previously, Eyowo faced significant setbacks in 2023, including rumours of shutdowns, which the company clarified by emphasising its pivot towards becoming a financial technology platform focused on "financial connectedness and intelligence."
Earlier in March, Eyowo had its Microfinance licence restored by the CBN with approval in principle after meeting the regulatory requirements. The company ensured customer access to funds through a partnership with ProvidusBank, enhancing safety, fraud prevention, and regulatory compliance.
CEO Yomi Adedeji acknowledged challenges with regulatory processes but assured stakeholders of nearing resolution, refraining from setting false expectations on account reactivation timelines.
Stakeholders, including customers and investors, await further clarity on Eyowo's roadmap to address past issues and strengthen its market position moving forward.
Last week on Techpoint Africa
- Digital rights company accuses AnyVerify of selling sensitive Nigerian data online for ₦100
- Worldcoin to resume operations as police drop investigation in Kenya
- MultiChoice plans cost-cutting measures amid revenue and subscriber declines
- How Flickwheel is solving Nigeria’s car repair challenges with fix-now-pay-later
- 6 pressing questions about the use of employee surveillance technology in Nigeria
- Paystack extends Virtual Terminal to Côte d’Ivoire, Ghana, Kenya, and South Africa
- Vodacom arrests 15 employees for fraud, sacks 631
- South Africa’s Sanlam to take over 60% of MultiChoice’s insurance business
- Uber, Bolt drivers call for the regulation of ride-hailing services in Lagos
- Why chasing fintech licenses could lead to early downfall of your startup
- Rwanda’s EV startup Ampersand partners BYD for expansion
- Court dismisses Binance executive’s suit against authorities for violation of human right
- Two US Congress members visit Nigeria to call for Tigran Gambaryan's release
- WIOCC Group secures over $50 million for digital expansion in Nigeria, South Africa, and DRC
- DR Congo biometric national ID project faces cancellation over alleged financial irregularities
- Detained Binance executive amends suit to seek compensation
- Fintech Cadana closes $7.1 million seed to accelerate remittance for African talents
- Kenya Finance Bill 2024 passes second reading amid public outcry
- Interswitch’s eClat partners with Lagos State for health data management
- Davido, Sabinus, and the meme coin craze
- South African regulator blocks StarTimes’ OnDigital Media licence renewal, orders shut down
- Flutterwave and EFCC collaborate to build a Cybercrime Research Centre
- European VC Breega completes first close of $75 million African fund to invest in early-stage startups
- Nigeria teams up with SERA and Jeff Bezos’ Blue Origin to send first citizen to space
- Nigerian fintech Carbon discontinues debit card service nearly 3 years after launch
- Sierra Leone seeks $150 million for digital innovation and investment hub
- 7 questions about Zone's blockchain-powered PoS payment gateway and what makes it special
What I'm watching
- Every Mental Disorder Explained in 15 Minutes
- The Gnostic Gospel of Truth | Written by the Most Infamous Christian Heretic?
Opportunities
- Paystack is hiring for several roles in Nigeria, Kenya, Ghana, and South Africa. Apply by July 7, 2024 here.
- Techpoint Africa is looking for three editorial assistants. Apply here.
- Ventures Platform has over 100 job openings across its portfolio companies. Apply here.
- Earna is looking for a Product Marketing Manager. Apply here.
- Are you a startup founder with at least an MVP? Apply for Founders Clinic, an eight-week mentorship programme connecting early-stage startup founders with experienced professionals. Register here by June 26, 2024.
- Moniepoint is hiring for 70 positions in the United Kingdom and several Nigerian states, including Lagos, Abia, and Anambra. Check them out here to apply.
- Explore this website to find multiple job opportunities in Data that align with your preferences.
- If you are a software engineer, creative designer, product manager, design researcher, or a techie looking for an internship role, please, check out this website.
Have a productive week!
Victoria Fakiya for Techpoint Africa.
