The Director General of the National Office for Technology Acquisition and Promotion (NOTAP), Dr. Obiageli Amadiobi, has announced that companies failing to submit their technology transfer agreements for evaluation and registration will soon face severe penalties and prosecution. Dr. Amadiobi revealed this during a recent familiarization visit to Information and Communication Technology (ICT) companies in Lagos, where she led the top management staff of NOTAP.
Dr. Amadiobi emphasized that NOTAP, established to regulate the inflow of foreign technology and promote locally motivated technologies, is committed to ensuring Nigerian companies receive the best contractual terms in acquiring foreign technologies. She highlighted that some companies are evading registration by combining hardware and software agreements, thus bypassing regulatory oversight and shortchanging the system.
The Director General underscored NOTAP’s dedication to collaborating with compliant companies while enforcing strict penalties on those that do not adhere to its rules. “Records indicate that many companies in Nigeria operate on imported technologies worth millions of dollars without mandatory NOTAP registration, undermining the Nigerian economy,” she stated. She reiterated the legal requirement for NOTAP’s involvement in technology negotiations to secure favorable terms for Nigerian entrepreneurs.
Dr. Amadiobi warned that the current administration’s “renewed hope” mantra means no company will be allowed to avoid registering their technology transfer agreements with NOTAP. She pointed out that some firms misleadingly lump foreign hardware with software to claim non-registration, a practice that harms the nation and must cease immediately.
In his welcome address, Mr. Adewale Adeyipo, Managing Director and CEO of Computer Warehouse Group (CWG), praised the new DG’s energy and enthusiasm. He expressed CWG’s willingness to partner with NOT
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