Connect with us


Massive Turn-Out as Yudala Takes Black Friday Sells to Festac, Trade Fair



By peter oluka

Yudala made it a weekend to remember for scores of enthusiastic shoppers at Sara Stadium, Festac and Trade Fair Complex at Ojo Alaba, who took advantage of the amazing deals in its Mega Black Friday promotion tagged 11/11-12/12.

Determined to ensure that the unreached and under-served members of the public get a chance to enjoy the 11/11-12/12 Mega Black Friday deals, Yudala had stormed both locations by 9am with truck-loads of genuine products from various categories including Home Appliances, Computing, Electronics, Mobile phones, Lifestyle/Consumer Goods, Power Solutions, Food, Wines/Spirits, among others.

It turned out to be an opportunity of a lifetime for thousands of residents in Festac, Satellite Town, Amuwo-Odofin, Agboju, Alakija, Ojo Alaba and environs to shop genuine products at best prices unmatched in the marketplace.

For Mrs. Toyin Moroundiya, a lecturer at the Lagos State University, it was a dream come true.

“In fact, I didn’t believe it at first when I heard about it. I just rushed over and actually it is real. The TV set I had in mind to buy was available here and it’s actually half the price. This is awesome. I think everybody should take advantage of it. Yudala is real,” she gushed.

Another shopper, Arinze Obi, could not hide his excitement after grabbing a number of bargain deals on various items.

“Honestly speaking, I am so excited. At first, I was planning to go to the market to get some items at home and my budget was about N300,000. At the end of the day, I spent just over N150,000 here and I was able to get virtually all I wanted to go out and buy in the market. Left to me, if I am the President of Nigeria, I will find a way to encourage Yudala because they are the only company giving the community what they want at very affordable prices and most importantly, what they sell is very good products, original products.”

He urged other shoppers to follow his footsteps in shopping wisely this season.

“My fellow Nigerians, what I will say to you is: get yourself prepared. Go to Yudala and get whatever you need for yourself at very affordable prices,” he concluded.

Also speaking after experiencing the Yudala 11/11-12/12 Offline Mega Black Friday train, Mrs. Philomena Mbah was effusive in her praises and prayers for Yudala.

“I was directed here by a friend. I was just prepared to get a phone but I just decided to try and see what Yudala is doing, so I drove down here. I was really surprised that Yudala could slash their prices. In fact, Yudala is the best. I had only wanted to shop for an iPhone but ended up buying so many lovely items from them and I am highly impressed. I’m so happy. I just wish they can keep on coming here and making people smile and happy. God will bless the company.”

Next Saturday November 18th 2017, it will be the turn of Agege and Ita Ilewa, Ikorodu to enjoy the Yudala 11/11-12/12 deals galore, with plans already finalized to storm both locations with a mobile store, two 40-feet trucks and buses loaded with eye-catching products and accompanied by dancers, music and digital entertainment.

The Yudala 11/11-12/12 Mega Black Friday which kicked off on Saturday November 11th will run until Tuesday December 12th2017 online @ www.yudala.comand in every Yudala store nationwide.

Continue Reading


Court Adjourns Hearing of BVN Suit to March 1



The Federal Government on Tuesday requested for an adjournment over suit challenging its forfeiture order it secured from a Federal High Court in Abuja, to take over of monies not linked to Bank Verification Number (BVN).

The case was instituted by Access Bank and 19 other banks on behalf of the depositors affected by the interim forfeiture order by the Federal High Court, Abuja.

The lead counsel to the Federal Government,  Ade Okeaya-Inneh (SAN), leading two other Senior Advocate of Nigeria told the court that he and his team just took over the case file and needed time to study it.

Counsel to Access Bank and others, led by Paul Usoro (SAN) did not raise any objection to the respondents request for adjournment and the trial Judge, Justice Nnamdi Dimgba adjourned the matter till March 1, 2018, for hearing.

It would be recalled that Justice Dimgba on October 17, 2017, granted all the nine reliefs sought by Abubakar Malami (SAN) , Attorney General of the Federation (AGF) and Minister of Justice, including an interim forfeiture of all monies not linked to BVN, to the Federal Government.

Justice Dimgba who gave the order following a motion exparte brought before him by the Federal Government also ordered banks to disclose any investment made with funds from accounts without BVN in any product,  interest incurred and other relevant information related to the transaction made on the accounts.

The court ordered all the 19 Deposit Money Banks (DMBs) operating in the country to release to federal government names of accounts not yet connected to BVN; account numbers; their outstanding balances; domiciling locations; and domiciliary accounts without BVN and where they are domiciled.

Nigeria deposit money banks that were listed as respondents in the ex-parte suit are Access Bank, Citi Bank, Diamond Bank, Ecobank, Fidelity Bank, First Bank and First City Monument Bank.

Others are: Guarantee Trust Bank, Heritage Bank, Keystone Bank, Skye Bank, Stanbic IBTC Bank, Standard Chartered Bank, Sterling Bank, Union Bank, United Bank for Africa, Unity Bank, Wema Bank and Zenith Bank.

The banks were also directed to publish all bank accounts not linked to BVN in national newspapers with a 14-day notice for individuals with interest in such accounts to come forward and justify why their funds should not be forfeited to the Nigerian government.

Justice Dimgba also ordered the CBN, which was joined as 20th respondent alongside the 19 DMBs, to appoint an official who will examine all the details submitted to the apex bank for compliance.

The government argued the matter under Section 3 of the Money Laundering Act, 2011, which provides that, banks must, “Ensure that documents, data or information collected under the customer due diligence process is kept up-to-date and relevant by undertaking reviews of existing records, particularly for higher risk categories of customers or business relationships.”

The BVN is a unique identification number that can be verified and used to transact business across all the banking platforms in Nigeria.

The Central Bank of Nigeria (CBN) imposed the policy to capture customers’ data for financial transactions and check fraud in the banking system.

Registration for BVNs commenced on February 14, 2014, across the country and the apex bank has disclosed that over 20.8 million customers enrolled 40 million bank accounts before the October 31, 2015, final deadline for customers residing within the country.

The CBN extended the deadline for Nigerians in the diaspora to December 2016 to sign up for the BVN system.

But hundreds of thousands, home and abroad are still believed to be left behind.

Continue Reading


Visa Launches Pilot Test of Biometric EMV Cards



Visa has initiated the first commercial test of an EMV dual-interface payment card with on-card biometric ID, according to a press release.

Tests will begin in early 2018 at the Bank of Cyprus and Mountain America Credit Union, as Visa seeks to assess the biometric technology and the cardholder experience in various retail environments.

The Bank of Cyprus will pilot test technology from Gemalto;  Mountain America Credit Union will test a product from Fingerprint Cards and Kona-I.

To use the card, the cardholder places his or her finger on the sensor, which compares the live fingerprint against a template of prints obtained during cardholder enrollment and securely stored on the card. If the prints match, the card an integrated light will flash green. If not, the light will flash red, the release said.

“The world is quickly moving toward a future that will be free of passwords, as consumers realize how biometric technologies can make their lives easier.

As electronic payments expand dramatically around the world, Visa is committed to developing and investing in emerging capabilities that deliver a better, more secure payment experience,” said Jack Forestell, head of global merchant solutions at Visa.

Continue Reading


Internet Solutions Connects to Microsoft Azure Network



Pan-African Internet services providerInternet Solutions has incorporated its CloudConnect colocation connectivity solution into Microsoft’s Azure ExpressRoute network.

With Internet Solutions’ carrier infrastructure, Azure ExpressRoute users in Africa will link directly to the Microsoft Cloud – including Azure, Microsoft Office 365 and Microsoft Dynamics 365 – hosted in Microsoft’s South African data centres when they come online in 2018.

“The ability to link directly and securely to the Microsoft Azure cloud platform locally will significantly increase the performance of our customers using Microsoft’s cloud services in South Africa,” says Gopal Govinder, executive at Internet Solutions.

“We anticipate that this will encourage companies to move more of their workloads into the cloud, so they can take greater advantage of the benefits that cloud technology offers.”

Govinder explains that average latency between SA and London is currently less than 180 milliseconds, while Internet Solutions’ terrestrial network latency is under 20 milliseconds nationally.

According to Govinder, this is a significant boost in regards to accessing critical cloud services such as client account information or stock data.

Internet Solutions will continue to connect organisations to Microsoft’s products through London and Amsterdam exchange points.

“We’re moving towards a global digital economy where enterprises and their service offerings have global reach, but in many ways it is more important than ever to localise delivery. This is what Microsoft is offering by investing in data centres in South Africa,” Govinder says.

Ross Ortega, partner manager, Microsoft Azure Networking at Microsoft, says: “We’re pleased to add Internet Solutions as an option for companies to connect to Microsoft Azure through Azure ExpressRoute. The Microsoft Cloud delivered from Africa through partners like Internet Solutions will help developers build new and innovative apps, and support our mutual customers in their cloud journey.”

Continue Reading


Copyright © 2017 Communication Week Media Limited.