This is one of the firm’s fastest growing and most active groups in response to the rapid technology induced changes in Nigeria.
Babalakin & Co. has been actively engaged in this area in 5 broad ways:
(a) Setting up companies engaged in these activities
(b) Procuring operating licences from relevant regulatory bodies
(c) Reviewing and preparing agreements around the creation, protection and transfer of content/digital rights/property and intellectual property
(d) Providing legal advice in respect of statutory, regulatory and case law implications on operational activities of clients in this area
(e) General interface with the various regulatory bodies such as the Trademark, Patent and Design Registry, Nigerian Communication Commission, National Broadcasting Commission, National Information Technology Development Agency, National Identity Management Commission, Central Bank of Nigeria as well as the National Oﬀice for Technology Acquisition and Promotion in relation to legal and compliance issues regarding content creation, content operation, content protection and transfer as well as intellectual property.
We represent one of the pioneer Nigerian Information Technology companies engaged in the production and supply of magnetic and chip cards in Nigeria. We also currently advise a company licensed by the Central Bank of Nigeria to undertake electronic payments in respect of software transfer, integration, licensing and operations in Nigeria. In media distribution, we act on behalf of a Nigeria-based company engaged in video content broadcast on TV stations involving the procurement of a broadcasting license and also drafting an Aggregator Digital Rights Agreement.
One of our partners is a prolific resource individual at the annual Nigeria Cashless Conference which attracts speakers from all over the world, including the World Bank, to discuss and display issues and products related to electronic and mobile payments.
Dr. Kazeem Famuyiwa