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A quick notice:
Yesterday, we wrote about Innoson’s supposed partnership with an admittedly strange cryptocurrency, Zugacoin. Innoson Vehicle Manufacturing has come out to debunk any claims of such partnership, quelling other questions we had about the announcement. Still, could that really be the full gist?
NITDA fines Nigerian fintech company
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The story: The Nigerian Information Technology Development Agency (NITDA), has fined Nigerian financial services provider, Electronic Settlements Limited with the sum of ₦5 million ($13,123) for Data Protection Breach.
Electronic Settlement Limited is a financial services company behind products like Paypad, a mobile Point of Sale (mPoS) service, and CashEnvoy, a web payment gateway.