UNILAG VC Calls for Responsible Tech Governance to Curb Fraud, Disinformation 

Funmi Ogundare 

The Vice-Chancellor of the University of Lagos (UNILAG), Prof. Folasade Ogunsola, Thursday, said there was an urgent need for responsible governance in the use of technology.

She warned that while digitisation has opened new frontiers of knowledge, it has also created avenues for fraud, slander and disinformation.

Ogunsola made the call at the 12th Prof. Adetokunbo Babatunde Sofoluwe Memorial lecture held at the institution, themed ‘Tech Governance in 2025: Balancing Innovation with Responsibility.’

She emphasised the challenge facing universities in ensuring that students genuinely acquire knowledge rather than merely exploiting digital tools to beat the system. 

According to her, higher institutions must work harder to ensure graduates are well-grounded and able to contribute meaningfully to society.

She described the theme as both timely and apt, given the fast-paced nature of technological change.

“The world is speeding ahead. Knowledge and information are generated at unprecedented rates. What we learn today can be obsolete tomorrow,” the VC said. “The internet has democratised knowledge, but with it comes responsibility. It has given us opportunities for great development, but also opened the door to fraud, slander and misuse.”

Ogunsola also commended UNILAG alumni for their consistent support in sustaining the university’s growth through mentorship, infrastructure and donations. “No university can grow without its alumni,” she stated. “You are not only our ambassadors, you are the bridge to ensuring that our legacies into the next generation not only abide, but continue to grow.”

The National Secretary of the All Progressives Congress (APC), Dr. Surajudeen Bashiru, who spoke on the theme, noted that while technology has become the backbone of modern society, with Artificial Intelligence, e-commerce, e-banking, e-voting, e-learning, social media, and cloud computing transforming industries and everyday life, it also presents new threats when misused.

“Responsible use of technology means protecting personal data, safeguarding the public from harmful content, and preventing its exploitation for fraud, insecurity, subversion and instability,” he stated

Bashiru stressed that no responsible government can allow technology to be applied in ways that jeopardise national security, unity, or socio-economic stability. Drawing from human rights jurisprudence, he explained the balance required between freedom and regulation: “The freedom of your fist stops where my nose begins.”

According to him, a sound regulatory framework is necessary to guide innovation, ensuring that technology becomes a force for development and security rather than sabotage. “Tech governance focuses on setting rules that encourage innovation while protecting citizens from abuse,” he added.

He argued that as Nigeria integrates further into the global digital economy, the importance of governance in technology cannot be overstated, as poor regulation leaves vulnerabilities with implications beyond national borders.

Earlier in his remarks, the Chairman of the Lagos State Branch of the Alumni Association, Hon. Owoeye Adedeji, said the lecture was organised to recognise the invaluable contributions of Sofoluwe who was the 10th VC of the institution.

He added that the branch also used the occasion to raise some funds to assist some departments as a way of giving back to the university.

The post UNILAG VC Calls for Responsible Tech Governance to Curb Fraud, Disinformation  appeared first on THISDAYLIVE.

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    Breaking: Foreign Reserves Hits $41.05bn Amid Improved Macroeconomic Stability, Investor Confidence

    Breaking: Foreign Reserves Hits $41.05bn Amid Improved Macroeconomic Stability, Investor Confidence

    James Emejo in Abuja

    The country’s gross Foreign Exchange Reserves further increased to $41.05 billion, the highest level in over 44 months, demonstrating the continued improvement in macroeconomic indices in recent times.

    A day before, external reserves rose to $41 billion from $40.96 billion on August 18, 2025, showing less volatility over the past one month.

    Compared to about $40 billion, announced by the Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, as at July 18, external reserves had increased by about 2.62 per cent to date.

    The current movement in reserves represented the highest level recorded since December 3, 2021, and has continued to maintain the upward trajectory in recent weeks.

    Essentially, FX reserve movements are particularly crucial for economic stability, currency strength, import capacity, debt management, and overall investor confidence. Changes in the reserves could signal economic stress or health.

    Amid huge debt service obligations, and revenue challenges, the stability in external reserves movement, coupled with a marked deceleration in inflation rate as well as Naira’s relative stability offer renewed hope for the country about better days ahead.

    The development further attests to the position of the central bank’s management team that monetary policy actions have so far headed in the right direction.

    During the last MPC meeting in July, Cardoso had attested to the sustained stability in the foreign exchange market, accentuated by improved capital flows, earnings from increased crude oil production, rising non-oil exports and significant reduction in aggregate imports.

    He said, “That clearly is a reflection of the way that the international investors view the banking system, and I was again very privileged to have a conversation with a good number of them about three or four weeks before this listing took place.

    “And really and truly, a lot of interest, I must say, a lot of interest internationally, on putting money on the Nigerian financial system.

    “The key thing is that we as regulators will continue to play our part to ensure that the system and the players and the actors continue to do what we are doing, creating resilience, creating buffer, and, of course, playing by the rules, because that is so important for those who are looking to invest that they can believe and they trust in you.”

    The post Breaking: Foreign Reserves Hits $41.05bn Amid Improved Macroeconomic Stability, Investor Confidence appeared first on THISDAYLIVE.

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    James Emejo in Abuja The country’s gross Foreign Exchange Reserves further increased to $41.05 billion, the highest level in over 44 months, demonstrating the continued improvement in macroeconomic indices in
    The post Breaking: Foreign Reserves Hits $41.05bn Amid Improved Macroeconomic Stability, Investor Confidence appeared first on THISDAYLIVE.

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