Was Nigeria’s presidential election rigged?

One presidential candidate says INEC used third-party software to rig. [Read this online!](=.ekNAbTxmQ-TgpxomPRHvzb7SUspbte2oU0ovuBS2Yvs) [Lire en français](=.bifj3gVja_5xUGQw_C0tLhnWb-6pt8R0wVd4awM5BLM) Read this email in French. [TC@10 Logo] 24 MARCH, 2023 IN PARTNERSHIP WITH [MoniePoint Logo] TGIF 🎉 Canva is the latest platform to jump on the AI train. Yesterday, the platform announced [new AI-powered features](=.tehx407o1DdtwOupQJyhvoq1_ua5BLZN6fMzFrLkJao) designed to make content creation easier for those who aren’t professionals. For example, there’s a “Magic Design” feature that creates personalised templates based on any image users upload. There’s “Magic Eraser” to remove anything from pictures, including estranged exes and photobombers; and a “Magic Replace” tool to switch out outdated logos. =.6p3JFCNuieV-rXOaw8HQ3c9gi3PZSb5ovuxboAHZyLM Canva’s new AI tool is bringing some design magic to everyone’s fingertips. This is great news for old and intending content creators, and worrying news for veteran designers who are adamant that “using Canva doesn’t make people designers”. In today's edition - [The World Wide Web3](#CryptoMarket) - [Nigerian politicians accuse INEC of rigging](#Story1) - [Kenya says no to protest coverage](#Story2) - [Kenya uses new principles for FX](#Story3) - [TC Insights: Funding tracker](#Story4) - [Job openings](#Opportunities) THE WORLD WIDE WEB3 =._k_uKMYc1deg6ttq1xs8YYYVQDJW1CdZz2xufUn4eEc Bitcoin $28,211 + 2.87% Ether $1,809 + 3.97% BNB $327 + 1.56% Solana $22.04 + 2.75% Name of the coin Price of the coin 24-hour percentage change Source: CoinMarketCap * Data as of 05:50 AM WAT, March 24, 2023. The US Securities and Exchange Commission (SEC) has charged eight celebrities for promoting crypto schemes illegally. [BBC News reports](=.Cfqp8rSj--0lz8NpZiEpQJw8qoBHLBXeFqG_D93ETxk) that the celebs, including Ne-Yo, Lindsay Lohan and Soulja Boy, reportedly broke US’ anti-touting law by promoting TRX and BTT crypto assets without disclosing that they had been paid to promote the assets. All eight have paid about $400,000 in fines. In September 2022, another celebrity, Kim Kardashian, [paid over $1.2 million](=.1dhW3EqqnCFgqo6PdLO-qvS2tcZRmzkGPHpjeYuDGrw) in fines for breaking the same law. The United Arab Emirates (UAE) is one step closer to launching its own central bank digital currency (CBDC). [CoinTelegraph reports](=.h1Tw5U_epuYaPBzFUTG_rktFD7gKsCR7rPbKcUfPxC4) that the country signed an agreement with Abu Dhabi’s G42 Cloud and digital financial services provider R3 to be the infrastructure and technology providers for the implementation of the digital currency. As of March 2023, over 115 countries are reportedly exploring CBDCs. The founder of collapsed crypto coin Terra has been arrested in Montenegro for running a $40 billion crypto fraud scheme. [The Verge reports](=.rl6Kher5NX6BYFDeNrWZciwKY6mXXbBSpy_SRFVjvAM) that Do Kwon has been apprehended following the 2022 Terra/Lina crash which the SEC alleges constituted a massive fraud that evaporated over $40 billion in value. [WhatsApp](=.UW-8sVs_3zVA4r6T9hqxUFrIl2WXba4Sx5Kn3Nnawik) [Twitter](=.D171HNC65NYk7hLG2DcY4mCduAyq6SOQJXiHMYA3AVk) [LinkedIn](=.U8zDVLtHEYK8MmJkKeOQ01uAnhKceYOjY-73buXRfz0) [Facebook](=.btTRaX6zibdPm7xYEgj-vTkhEe3m_0vz9yLMFwB5ZnE) [Email](mailto:info@example.com?&subject=&body= PAY WITH MONIEPOINT =.kE0XB6x8Lt8ge80dad6lY3OloKpQ_pVzl3al4nj0CBg Across the globe, digitisation is a finance buzzword, but in Nigerian markets, it becomes the difference between life and death. [Click here to read](=.gyf_ufYfGs4D3xIQGIJXIgwKOSVLWw6xZR4IsQILfaM) Moniepoint’s story on how digitisation is saving Nigeria’s markets. This is partner content. NIGERIAN POLITICIAN ACCUSES INEC OF RIGGING =.jbZ2MH7HYyusztchacCvuJLHwjW5WnoUwySUxKCkedk Presidential candidates Peter Obi, Bola Tinubu, and Atiku Abubakar Two weeks after the conclusion of Nigeria’s presidential elections, one of the country’s presidential candidates has accused the Independent National Electoral Commission (INEC) of [rigging the election](=.WtMgR-zZxwRgn6NXBuV-q3pA8rM6kzooLG1BYLTc1-4) with third-party software. According to candidate Atiku Abubakar, INEC reconfigured the Bimodal Verification and Accreditation System (BVAS) with software that rigged the election in favour of president-elect Bola Ahmed Tinubu. In an [electoral petition filed](=.qAL-qrA6WXQIoU84wKT4Tu3SKfCW6tWLCLbbTJVknhI) earlier this week, Abubakar alleged that this premeditated manipulation was the real reason behind the delayed transmission of the results. Throughout the elections, several polling units reported INEC agents experiencing difficulties accessing the BVAS portal, and the results were not available until hours after they were uploaded to the IReV portal. One day after the elections, INEC reported that its election result viewer (IReV) was [experiencing “technical hitches”](=.iLjFFI0zqEaIdOvBgikCJY0-YtN-KS_EoPx_nJxox7Q) related to scaling the use of its election. According to a statement signed by chairman for its Voter Education Committee, Festus Okoye, the portal was unprepared for managing nationwide general elections and has only been used in “off-season” periods. Per Abubakar’s petition, INEC did not experience any hitch. The institution, instead, used a third-party software called Device Management System (DMS) to alter the configuration that INEC’s ICT team head, Chidi Nwafor, had initially done. This new configuration allegedly allowed the BVAS to monitor, quarantine, and filter the data before transmission to the endpoint. Zoom out: Another candidate, Peter Obi, also [filed a petition](=.paI3RBSdznrN5VgtnvqqsNvksnBZ5Z2UBDBx9V4UWoo), asking the courts to subpoena Amazon staff. Per Obi’s petition, Amazon’s hosting platform (AWS) still holds INEC’s election data and as such “ought to be the same'' as the announced results. Looks like Nigerians don’t have a new president yet. [WhatsApp](=.7dWFQH6RUQ1javE5HgZaP08_xuLheX_o9Z-zjBHAe5M) [Twitter](=.wBpIbtqbokRk27dbqbqlv9d3YNA-RYftJo_NtXbpuKo) [LinkedIn](=.4BAGvmrMoxzQfEXjEhGJmkrG_Q-k4pu5uxqB6JKvITE) [Facebook](=.oQ4SEE_NX36hAPfcdVGTNz6g0FDZq2aNlqUiAaeAsO0) [Email](mailto:info@example.com?&subject=&body= KENYA SAYS NO TO PROTEST COVERAGE =.DaxR7ASiU4DHMq3DDIhwBvSHbo9tRqHODQtL-yP22_w Kenya wants everyone to keep mum about its protests. Yesterday, the Communications Authority of Kenya (CAK) [warned six media outlets](=.vMjj0Y5bHoWWZZ1zSz3xImggP3xwOX7d8-qUx31v84c) against their coverage of the country’s ongoing protests. What protests? Led by Raila Odinga, a presidential candidate who lost to President William Ruto, Kenyans are [protesting the high cost of living](=.i2qPW0Q7EGrpxVOkp0xuR9oxW2FYpIJ0KKimLKfRvj8) in the country. They are protesting against the regime of President Ruto which they say is illegitimate. Between September 2022 when President Ruto assumed office and March 2023, Kenya’s inflation rate rose [from 6.8% to 8.3%](=.JAu-ybn1K_PXL67Ywhag6rlcFIiZQvUj1iJx1ENUhcc), and the prices for key commodities [grew by 42%](=.xzgD6N87FRUWBAB3wvCvd8IZ6C3XROGK13gzM5vn9Z0). The bi-weekly protests—scheduled for Mondays and Thursdays—have already seen two people shot, one fatally, and [over 200 protesters arrested](=.LgT4OEf6Pzth52zr5-ZH6D5nMSouRTZ63VuVRARn0F0). Thirty-one policemen have also been injured in the violent clash across Nairobi and other cities. According to vice president Rigathi Gachagua, Kenyan businesses have already lost $15 million to the protests. Media outlets across Kenya have broadcasted the protests, but a recent warning from the CAK reveals that this is illegal. Per the CAK, broadcasters have to obey several laws which direct them to broadcast with care. [Clause 19](=._XA65w-KD9Bh9RDU2PtL7TFCkaE8PxpPy0lbC4IVIHc) of the Kenya Information and Communications Act, for example, urges broadcasters to not glorify violence that will incite or perpetuate hatred. Per the director general of the CAK, Ezra Chiloba, six stations—NTV, Citizen TV, K24, KBC, TV47, and Ebru TV—were in violation of these laws and further violations would lead to a loss in broadcast licences. [WhatsApp](=.3MAP60rJmpkzi-x6Anv8u0OXqv6Kix4cawgpWVKhRso) [Twitter](=.IDwA58ozriN3DNuvl-qcLPW721ML8VtftVe0lb8i_zw) [LinkedIn](=.9W4zcUoD8rhh4A5VZEhU3cGfCHmZYrFOIcjF1ZQkc1M) [Facebook](=.qoM2Lo3SlN_uozzOQv4__vulK2kH5wA9P7FjFSiwJnU) [Email](mailto:info@example.com?&subject=&body= GET 6X MORE CUSTOMERS WITH GROW FOR LOGISTICS =._J1-EWXY2ZAiI4eSD_ll_Z3pTkLdZLnYfLcF7UFZY0M We help logistics companies get 6x more customers by adding insurance instantly to all their trips and making claims 10x faster. To learn more about how this works, visit [Curacel.co](=.vT5Q3O8lMAi8uUEZsBh3NkBEHgoGuL-20B6oVBpnYIk), or send an email to marketing@curacel.ai. This is partner content. KENYA INTRODUCES NEW FOREIGN EXCHANGE LAWS FOR BANKS =.o0Xzh2D1f9KC1iOsujIqMwtqyRNhvYVtvyD1cm2_Veg The Central Bank of Kenya (CBK) has [announced](=.Vm7QTwxRWuwWoOAkkUp1onySNp_iLRC9TFl175R7Gf4) a new Kenya Foreign Exchange Code (the FX Code) to commercial banks. The Kenya Foreign Exchange Code is made up of six principles that all institutions are required to adhere to. The principles [The principles](=.x235oM1mlwVFl41w2UZaaGIT7ykeZQv7cSlVuIk4Vt4) address the code of ethics when operating in the FX market, the need for sound and effective governance framework to oversee FX market activity, and exercising due care when negotiating and executing transactions. Additionally, the principles seek to address clarity and accuracy in communication in the FX market, development and maintenance of a robust control and compliance framework, as well as ensuring predictable, smooth, and timely settlement of FX transactions. All for a good cause [According to the CBK](=.UuPDPj_5eNUDQLi-rZhectgpCoX0n86McGSCsrWNlu8), the principles aim to strengthen and promote the integrity and effective functioning of the wholesale foreign exchange (FX) market in Kenya. “It will facilitate better functioning of the market, reinforcing Kenya’s flexible exchange rate regime for greater resilience of the economy,” the bank said. [WhatsApp](=.a0_83qM-Ny2qaOZmjhvGVjNQJ-NSLvFyKfsibxkSIK4) [Twitter](=.ez55m39_eCXOCdNOsQEqNsOV74AUU37Tag64Ydvnv80) [LinkedIn](=.XUjoVrdzcG2RkPjqg7S_lLsXgpdBGOW7P3rClOYapkU) [Facebook](=.rtr9kusVGnhC1_W5c2rCwTE-uVId3KQv6Gv-4_YVm9M) [Email](mailto:info@example.com?&subject=&body= TC INSIGHTS: FUNDING TRACKER Here's the funding news for this week. This week, Credable, a pan-African-based fintech company, [raised $2.5 million](=.i9z6_uBHu4ye3PtF6mmdP8wxkW9e4vqnwoAOg5trX54) in a seed round. The round was led by The Continent Venture Partners (TCVP). Other investors included Lauch Africa, MAGIC Fund, ACASIA Ventures, AAIC Investment, Aadverse Emurgo Africa, and other investors. Here are the other deals this week: - Egyptian SaaS company Flapkap [raised $1.2 million](=.Wiw3AYBw8ZIjP-Vyv-_p6DgKGhokTx0f78NWVxKXipc) in an undisclosed funding round. The round was led by A15, the leading MENA venture capital firm and one of the most prominent investors of early-stage start-ups in the region. That’s it for this week! Follow us on [Twitter](=.qCD6stx6stoAcALJPSJxtxcsjZp_vI4KcrNLdNxEXpI), [Instagram](=.Rls_Bs4_LmRdhF319DONYmmffz8G6ytwI3cKcBOUk1c), and [LinkedIn](=.0SVF3VlnNRz769TNcduPADcOO3uThCLGmoyE90h3Pvc) for more funding announcements. You can also visit [DealFlow](=.HB4-jsosUtBc0yRlGRWD22ye2wY1FOBtHWP76nar0uQ), our real-time funding tracker. [WhatsApp](=.yRg8TT9C2rSXL00CUSPEiCgDwD5cTtNdNJLwfEcdJGY) [Twitter](=.tDAbx-AQ-WJGIrHTGM94bo9pLhFsh5vvC9bN7b1CEgU) [LinkedIn](=.mnVUIfj2zy2hr14QZ0jOn0Ekuxd4YVJRrf-7znVsMbo) [Facebook](=.W-pw3H9olhLRtF2k1SyYHDbBI8Li9LMD9S2iSRyTgqE) [Email](mailto:info@example.com?&subject=&body= BANK WITH OJIREHPRIME =.u_ogTcVVb4ioLbm4Gpw9yZ3wqHAhxsHFXC-oiHMPwJg Enjoy free transfers, innovative savings and seamless banking with OjirehPrime, available on Android and iOS. [Start banking here](=.MUTeqJFNNw8u79bG281QKuhHXAa-2hNetlVp70hDReQ). This is partner content. EVENTS: TECHCABAL AT 10 =.pz4v3CEfyrsYJQxGiIZ-5ziX6rzL6L4EfGY-xxD-5zI Here’s a list of all the Twitter Spaces we’ll be holding to celebrate our 10th-year anniversary. - March 30—The role of the media in covering African tech. How can the media help Africa’s developing tech ecosystem? What responsibility does the media owe the ecosystem, and what can the media expect in return? Should the media only cover the good stories? [Find out here](=.cgZxnarzcjE0Y1q0W1kXsHfzeqpABu9BP7yYdK08ZnA). IN OTHER NEWS FROM TECHCABAL [What state-generated electricity could mean](=.IDal0vC8uMz3x0V_DmQ8YhZLwAh7BYQeRTpcM61B8Ow) for Nigerians and local tech ecosystems. Verod-Kepple Africa Ventures announces [$43 million venture fund for pan-African startups](=.dksSxhUEW7KuIWVEkZE2ZLAypUzUyxBPFHuzy3JxO0Q). JOB OPENINGS - Zikoko - [Managing Editor](=.CYqHOm51w-fYxVT5Ey4LHY_BkbZNUdvLZZfflqZ2kz4) - Lagos, Nigeria (Remote possible) - Big Cabal Media - [Commercial Director](=.aRsrQeP0i9wdAf7bFacQ6Vmo1jn5djuybVaBcnx9IqA) - Africa - Big Cabal Media - [Software Developer](=.LOvF-62VxOzXBIBsnaOqaym5_nXNSoQwziEcG9gZu3Q), [Senior Product Manager](=.h-LhBUL1co8nwfeInE_evKiCeUJTQO0iJqmk6ZoyJVk), [Sales Associate](=.TyaNY8uv4RvBWwKg_8kBgXlPUwSL8AwZ2dzRyk7tSS8), [Senior Sales Manager](=.XeFHZJOOBf3y9tO9IlH_24NG_F3yLcE5ubX34qzExMA), [Senior Editor (Citizen)](=.ngFvygmhBYSZY6ZVljFrM2_h_oHc0G4ZU2dFtlj9eMQ) - Lagos, Nigeria (Hybrid) - Lemonade Finance - [Social Media Associate](=.mF8DntYhZUtqKK8UihomuSuFEzdT_bMxX7OrHeqIKi0), [Senior Backend Engineer](=.Rl0ceCFaHCL0162OS38lZ48SDNK-CkMk-dFyXFOcA0w) , [Security Engineer](=.tUqZZZUvVwUpSii3imbBU0iUHNnz10FCT75wnFCs1FY) - Africa (Remote) - Assets MFB - [Head of Brands and Marketing](=.r9GRYml-uUiYh3g8LdpP_K7wSMuw_NEvb5G_RNOD2mQ) - Nigeria - Kuda Bank - [DevOps Engineer](=.u4nHEbAkyPK5YwqzUbJJW0r5WHbb28qdno04nRyT5ww), [Backend Engineer](=.NVTilVMsTW19ZJvpLOv7YLRVdfMaXfYsea_6__f46mc), [Android Engineer](=.l9hhqKh4-QVRO3Qq-Sb5q5H9FxuyUUWin6pbTU3NJlM), [Lead Product Manager](=.71BlPoIoaZ_80taOVe9cynWrhpxFBT50cQESwO_Ty9c), [Copywriter](=.778reO2AFSEEeVmqk5wmbeYXOaiaeTRsB5WDSD7rc0I), [UX Writer](=.WoZOsmMqerdR2bFsPKGbvmpLkZY3HIx_7O4wqMB0uys), - Nigeria - Andela - [Engineering Matching Specialist](=.N_ZVcAx7BvFCeRKLSCBNL3CDUgLn4EtfFDsPYu1zIZU) - Remote There are more jobs on [TechCabal’s job board](=.cw3jFiIyzcsHxoNgarUGFMYoXqf0AEx-jdMR7rfEwc0). If you have job opportunities to share, please submit them at [bit.ly/tcxjobs](=.en--o3ONKwaHWNzokn8LNQuwFwALY4NcYHyUv4oS8q0). What else is happening in tech? - [Twitter will revoke all legacy verified badges in April, leaving only Twitter Blue subscribers with the blue checkmark](=.i4aAnikqSHkPvhfIT6yuv3n7dy1zQilwwnOEUPhM9AM). - [Block: How inflated user metrics and “frictionless” fraud facilitation enabled insiders to cash out over $1 billion](=.rNb6r0ypsQzdthur82Jflf4bEE_QO92ra53xo-xjlAQ). - [This survey shows that frequent TV series cancellations are altering user behaviour](=.z6MtgwkJ2fm4EHq81AKLz6Fs1yGSgkJ_Jymr9hxVqNI). - [Uber Kenya and Google are partnering to launch a community empowerment initiative targeted at Uber’s female drivers](=.xhzXnQdkfB2uB9-Q3sehtrJYYjE2Pm_l2f1Km_XrRVw). - [WhatsApp has rolled out a new update that improves the interface of its Community feature](=.aOKtmE5NlT6mdNL6q0iZaZs37phO3Q400fkwZRdBywM). - [In the US, TikTok CEO Shou Zi is facing Congress as the country deliberates a TikTok ban](=.JJ3Sdr6De1N-db4-PZTU2z7okABH1Vifv-jUgMBmshk). TWEET ABOUT TC DAILY - =.1McxVBfXvML-OpI3qeGcGgNscdQ59HCbD3EN2SaLJbU - =.NvPIX36hpgP6ENUDKrDm2upGQkWyEy_4BSJdZiCVFzs - =.BgT4CTJpkyrWCRH_6Qf2bt5b_rV4KUY5aVXsSsxI3bM - =.lrb66o9NClpixYSCXXovdSlVajleA61qc0ng4fBhdyo - mailto:info@example.com?subject=Check out TC Daily &body= Written by - [Timi Odueso](=.WF7pyVz-6LjhOPzfFL2jQ-8CDQnPXE4xOZqvDkOp0os), [Ephraim Modise](=.xgt-Z0nA5PIfHdc4gdw-JYEgVDI4QbVCOzPl-UaezIk) & [Tomisin Bamidele](=.hinsnFcergTNX_kzC20GM3Uw8jMOthZZHNP-1cYuTJI) Edited by - [Kelechi Njoku](=.bJWg9w0D75_6k76wl4ufA_-9UO_6y3IUY9xnl4tbIDI) Want more of TechCabal? 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