Corporate Social Responsibility

Thursday, March 14, 2024

PASSAGE OF EUROPEAN AI ACT 2024

Ikechukwu Odoemelam Esq,

Corporate Attorney- I Consultant

16 points you need to know about European AI Act is a brief account of the passage of the long awaited Act which the world want to model in order to combat AI

While the case,Getty Images Inc and associates, against Stability AI, was still ongoing the long awaited European AI Act was passed into law, Wednesday 13th March 2024 by members of European Parliament. Getty had alleged Stability AI“scraped” millions of images belonging to Getty without its consent.

Getty's claims included copyright infringement, trade mark infringement passing off as well as database right infringement

Just as the defendant seemed not to come to terms with the main claim yet, instead they're entering 'no case submission' defence.

After a glimpse at the 'Act' classifications were dominant as one of the features of the Act. Here are some of the outstanding ones:

Unacceptable Risk AI Systems: AI systems posing significant risks to fundamental rights, safety, or welfare that are prohibited for use or restricted to prevent harm.

High-Risk AI Systems: AI systems with specific characteristics or applications that could pose significant risks to health, safety, or fundamental rights, subject to stringent requirements and oversight.

Limited-Risk AI Systems: AI systems with moderate risks, subject to certain obligations to ensure transparency, accountability, and user protection.

Minimal-Risk AI Systems: AI systems posing minimal risks to health, safety, or fundamental rights, typically exempt from extensive regulatory requirements but still expected to comply with basic standards.

Exempt AI Systems: AI systems falling outside the scope of regulatory oversight due to their negligible or insignificant risks.

Autonomy was embedded in the broad definition of AI.

A duty of fundamental rights impact assessment is now imposed on banks, insurers and governments.

AI systems and GPAI models now come with special transparency obligations.

A right to complain is provided for as well as mode of enforcement.

Bearing any errors or objections by European Council, the Act will come into force in May 2024.

Twenty days after Publication of AI Act in the Official Journal the Act will become enforceable.

Enforcement of prohibited AI practices begins after 6 months.

AI systems and GPAI models obligations commences in 12 months.

AI Act will apply in 24 months as well as most other obligations.

High-risk systems obligations listed in Annex II commence in 36 months time.

Public high-risk AI by authorities excluded from the market takes effect in 48 months.We need more information on the Act and responses from the general public as comments, reviews and critiques unfold.

Till then,

I remain Ikechukwu Odoemelam l IPlawyer l Copywriter l Author l Digital Marketer l Graphic Designer l Blogger

Thursday, March 7, 2024

QUICK OFFER TO NEWBIES

Congratulations once again if you're one of the 4,412 person's called to the Bar,⚖️ on 5th March.🗽💰 Among you was a former Governor and Transport Minister, Rotimi Amechi, just as we had former military Governors David Jemibewon and Yohanna Madaki during our call to the Bar.

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I was one of such people wishing to be making money effortlessly online but I got frustrated😡 and began to think that the results posted online about earnings were false. It took a while before I realized that the difference between those earnings 💵 and me are:

1. Lack of knowledge 2. Indiscipline

3. Impatience 4. Negative/poor mindset

5. No leverage

Soon after I embarked on the acquisition of the opposite of those 5 negative attributes which I'm offering to guide you through, I began to see results. And interestingly there's no other magic across the globe.

Something that comes near it is probably hiring someone who has acquired those skills and you employ his/her services but you'd get results that takes care of the cost of employing skilled manpower.

"Hello Ikechukwu,

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It happened to me.

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Saturday, March 2, 2024

INCIDENTS OF COLLAPSED BUILDINGS: PREVENTIVE/CURATIVE MINDSET AS PANACEA?

In 2022 alone 62 incidents of collapsed buildings

occured in Nigeria. Towards the end of 2023 more than

half of 2022 figure had occurred; raisins the question

whether measures are in place to abate the occurrences.

Of course we'll know it's both national as well as states

issues.

Let me start from acknowledgement of the

establishments of Building Code Advisory Committee

(BCAC) and Building Collapse Prevention Guild and the

mischief of their establishments.

If the provisions of the National Building Code are

observed to the letter why do we have rampant incidence

of building collapses and defective structures leading to

accidents? Apart from security threats, loss of lives and

properties arising from these avoidable incidents it has

raised questions about the efficiency and capability of

professionals and government agencies responsible for

enforcing the provisions of the relevant laws.

These days it seems to me that we need to move fast

with updates and amendment of our laws. The building

code was established long before digitalization, therefore

it would not be out of place to ask for requirement

digitalized construction of structures to tally with global

standards.

There seem to be lapses along the line of all agencies

responsible for enforcement. We have to start from

creating awareness of the law sine Nigeria is largely rural

in construction compared to advanced countries. The

awareness is also necessary for those who apply and

enforce the laws. For instance those who issue

approvals for buildings and constructions going on in the

communities should be held responsible in tort.

Many professionals are involved in the building and

construction industry and it would be unfair to single out

one professional for blame. However, it amounts to

criminal silence on the part of Quantity Surveyors and

Construction and Cost Management professionals not to

whistle-blow or report when buildings are being set up

without proper compliance with relevant laws,

specifications and approvals leading to their collapses.

Within six weeks into 2024 there have been several

incidents of collapse of defective structures arising from

fire or poorly constructed structures in Abia State.

The government should tackle the menace headlong.

Ikechukwu Odoemelam Esq

https://selar.co/m/ikechukwu-odoemelam-esq1

BLOGGER:. https://www.corporateleadersboard.blogspot.com

COLUMNIST: https://www.thenigerianvoice.com/author/iykeOzemena

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THE POWER OF GEOMETRICS

The idea of "Integrated Power Project" IPP for ABA at a time Nigeria was crippled by NEPA failure, is unique and should be applauded.

The Electricity Acts of 2005 and 2023 put together so far, failed to achieve what they were intended to do; making the applause for Geometrics reluctant to quench.

Obviously these discos least expect to cooperate to promote "private alternatives" that would render their services unprofitable. For instance how did they respond to using their structures like distribution channels by consumers?

This may not be understandable until you go through the Act and BPE (Bureau of Public Enterprises).

By way of suggestions the least to be expected is the possibility of the Discos entering into inter-Discos collaboration MOU and with alternative power providers to use existing structures, conduits, channels etc exchange power supply. But it would asking for too much to expect the Discos to perform like Geometrics.

I'm aware that part of the Act provided subsidized electricity for rural communities. That suggests that if the communities are making efforts on their own, the Government being a stakeholder and defender of rural communities would ensure that such efforts are not frustrated.

How the Government plans to tackle power supply in Nigeria remains a conundrum unless they borrow a leaf from Geometrics. The implications are far-reaching because the Transmission Companies have to should be thinking outside the boxes. There're now numerous sources of generating energy.

How do we even address the dimensions of gas being a component of power generation in a country that flares gas?The minister's response often is that of shortage of gas which is a critical component of power supply.

Why can't we make gas supply as a separate commodity abundant, rather than flare it. At least this could stop the embarrassment the frequent collapse of national grid. I doubt if common ideas like this are directed to right and relevant destinations. If they don't as I suspect, the "Geometrics" out there know what to do with them.

Thanks for attention anyway.

Ikechukwu Odoemelam

Please connect https://wa.link/60jvdu

BLOGGER:. https://www.corporate leadersboard.blogspot.com

COLUMNIST: https://www.thenigerianvoice.com/author/iykeOzemena

Thursday, February 15, 2024

NIGERIA'S WORSENING SOCIAL MALADY AND UNDERNOURISHMENT

I wonder how many people in Nigeria wake up and desire to listen to the news or newspaper headlines. Okay, someone says how can you avoid sources like that which announce weather, traffic, crime and terror flashpoints.

But the fact is that the safety and health notifications are now the most important news items. Some of these probably sponsored by government agencies or corporate Institutions are largely because the governments' duty to provide security and welfare are crumbling from the federal to local level.

The rest of the news items would be dominated by the suffering of the masses. Soaring cost of basic necessities, school fees, transport etc , protests in Niger, Kano and Delta.

Apparently government indicated preparedness in the reduction of cost of Gas, instead increase occurred. And what do you hear now? That they're considering removal of electricity subsidy.

During Sam Amadi's Nigeria Electricity Regulatory Commission (NERC) administration, I'm aware that part of the Act provided subsidized electricity for rural communities. That suggests that if the communities are making efforts on their own, the government being a stakeholder and defender of rural communities would ensure that such efforts are not frustrated.

The world's is watching as Nigeria drops to low level in human development. "Nigeria's Human Development Index (HDI) value is at 0.539 and ranked at #161 of 189 countries in the world." "Nigeria's life expectancy is 54 years (compared to a global average of 73)."

Social Progress Indices of a country are based on certain critical aspects of human existence like their well being basic needs and drive for opportunities. Without these rudimentary environment restiveness, dispair would set in.

Between 1990 and 2015 halve of the globe lived under $1.25 per day. During this period more than 90 million children were undernourished. That questioned United Nations (UN)'s Target 3 to eradicate hunger? Is Nigeria's Indices not showing how precarious the masses are with daily hues and cries?

During same period, 1990 and 2015 the UN's target 2 was to provide full and productive employment whereas 300 million workers were living below $1.25 per day. Extrapolate these analysis to 2024, specifically to Nigeria. What do you see? Scary, isn't it?

The only word for those who find Nigeria's environment indescribable is #resilience.

Get more https://wa.link/60jvdu

Sunday, February 11, 2024

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