FG Delists More Loan Apps, Vows Further Clampdown

The Federal Government (FG) through the Federal Competition and Consumer Protection Commission (FCCPC) has delisted 2 more loan apps from Google Play Store for harassing Nigerians. This was made known on Thursday in a statement signed by Babatunde Irukera, the Executive Vice Chairman, FCCPC, stating that it had updated its list of digital money lenders that failed or refused to register with the Commission.

Sonic The Hedgehog C0-Creator Naka Sentenced to 4-Year Probation & ¥170 in Fines

The former Square Enix and Sega developer Yuji Naka has now been sentenced to two years and six months in prison, with a probation period of four years. Following legal proceedings, he was convicted by the Tokyo District Court with additional two fines totaling over ¥170 million. However, if Naka does not adhere to these conditions, he can spend up to 2.5 years in prison. Naka was found guilty of insider trading by violating the Financial Instrument and Exchange Act. Naka will also have to pay a 2 million yen (US $14,000) fine as well as around 171 million (US$1.19million) in an additional penalty for the money he made through insider trading, making a total of 173 million yen (US$1.205 million) in fines.

Data Breach: NDPC Investigates Top Banks, Others

The Nigeria Data Protection Commission (NDPC) has disclosed that it currently investigating 3 deposit money banks, one university, and several suspects over an alleged data breach. This was made known in a statement issued on Thursday in Abuja by Dr. Vincent Olatunji, National Commissioner of NDPC, stating that institutions under investigation are Fidelity, Guarantee Trust, Fidelity Banks, Babcock University, and Leadway Insurance, among others.

Osinbajo Appointed As Adviser To GEAPP

Former Nigeria Vice-President, Yemi Osinbajo has been appointed Global Advisor to Global Energy Alliance for People and Planet (GEAPP). Osinbajo is to assist GEAPP’s mission of accelerating clean energy deployment in developing countries, and support GEAPP’s partnership with governments to enhance the enabling environment and effective delivery to unlock faster and greater capital flows into the clean energy sector.

Twitter Rival ‘Threads’ Hits 10million Subscribers In Less Than 24hrs – CEO

The CEO of Meta, Mark Zuckerberg says more than 10million people have signed up his new Twitter-like social media platform ‘Threads’ within the first few hours of its launch. The new app went live on Apple and Android App stores in about 100 countries at about 2300hrs GMT yesterday and is expected to run with no adds for now, but the release han being delayed in Europe over data privacy policy.

Instagram Introduces Reels Download Feature, With Few Limitations

In a bid to enhance user experience and keep up with the rising popularity of short-form video content, Instagram has now introduced a new feature that allows users to download and save Instagram Reels. This exciting update comes with a range of benefits. This though is without raising some important considerations regarding privacy and content distribution. The advent of Tik-Tok (short-video format) a few years back, gave birth to Instagram’s short-video segment dubbed Reels. With constant updates and features like the ability to post 90-second videos, a dedicated Reels hub, and much more, Reels have taken center stage on the social media platform.