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Konga Unveils First 2 winners of all-expense Paid Knowledge Weekend with Ekeh, Zinox Boss

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Konga, Nigeria’s leading composite e-commerce giant, has formally unveiled the first batch of winners for its highly anticipated all-expense paid Knowledge Weekend programme with the Chairman, Zinox Group, Leo Stan Ekeh.

They are Mrs. Molayo Jebutu and Mr. Joshua Emmanuel, both of whom are frequent and loyal shoppers of Konga.

Consequently, both winners will be among the lucky shoppers to enjoy a host of exciting initiatives lined up for the exclusive mentorship programme.

They include funded fares to the location of the retreat, hotel accommodation, feeding and cost of return trip all funded by Konga Kares.

In addition, the lucky beneficiaries will be exposed to healthy living tips, a finishing school, gym/aerobic sessions, deeper insights on the pitfalls confronting contemporary businesses, the new avenues to create sustainable wealth, how to navigate the prevailing tough business climate, as well as direct, one-on-one feedback sessions with Mr. Ekeh.

Participants are also expected to dine with Mr. Ekeh, a Forbes Best of Africa Leading Tech Icon in addition to engaging him on his record-breaking entrepreneurial journey.

The two winners were selected randomly from shoppers participating in the current edition of the Konga Jara promotion which commenced on Tuesday December 13, 2022 and will run through Tuesday January 31, 2023.

An annual festive season sale, Konga Jara offers massive deals, mouthwatering discounts and huge savings for all categories of shoppers but with a difference this time round, with 12 lucky shoppers set to enjoy an all-expense paid weekend mentorship programme with Ekeh.

Intending winners are currently being picked from customers who shopped on any of Konga’s various platforms, including online – www.konga.com and offline in any Konga retail store nationwide or via Konga Bulk, as well as those who purchased flight tickets on Konga Travel or carried out transactions on KongaPay between December 1, 2022 till the end of January 31, 2023.

Although the selection is being done randomly, shoppers who have a higher frequency or volume of purchases stand a better chance of being selected for the much-anticipated mentorship programme.

With the emergence of the first set of winners, the battle for the 10 remaining slots is set to intensify among shoppers as the Konga Jara promotion enters its final month.

Tagged Knowledge Weekend, the free mentorship programme with the Zinox Chairman will bring a fitting climax to the Konga Jara fiesta sale which combines the Christmas season deals and New Year bonus sale, offering extra savings on items and best prices unmatched anywhere else in Nigeria for all categories of customers, including bulk buyers.

The mentorship programme, an initiative of Konga Kares, the Corporate Social Responsibility (CSR) arm of the Konga Group, is part of efforts to empower budding entrepreneurs with the right business success tips and strategies to create new wealth in the 21st Century.

Names of winners will be announced every Monday, with final list of winners to be published on the Konga website and on other major news media channels on February 6, 2023.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Meta Challenges Nigerian Tribunal’s $220M Fine over Data Breaches

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Meta has announced its intention to appeal the decision of the Competition and Consumer Protection Tribunal (CCPT), which upheld a $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) over its data practices.

The penalty follows a 38-month investigation conducted by the FCCPC, in collaboration with the Nigeria Data Protection Commission (NDPC), which ran from 2021 to December 2023.

The investigation found evidence of unauthorised data sharing, insufficient user consent mechanisms, and discriminatory practices that treated Nigerian consumers differently from those in other regions.

In July 2024, the FCCPC imposed the $220 million fine on Meta and WhatsApp, citing violations of Nigeria’s data protection and consumer rights laws. Additionally, the ruling mandated corrective actions to ensure that Meta’s business practices comply with Nigerian regulations.

In a decision delivered on Friday, April 25, the tribunal upheld the fine, reaffirming the FCCPC’s authority and investigative processes. The tribunal also ordered Meta to pay an additional $35,000 to cover the costs incurred during the investigation.

However, Meta expressed disagreement with the tribunal’s ruling, stating in a statement on Saturday, April 26, that it would urgently seek to appeal the decision and apply for a stay of execution.

“We are urgently applying to stay the order and appeal today’s decision to avoid any impact to users,” WhatsApp said.

The company also contested the tribunal’s findings, claiming that the ruling misrepresented how WhatsApp operates and contained inaccuracies regarding its data practices.


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Tribunal Upholds FCCPC’s $220m Fine against Meta, WhatsApp

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Competition and Consumer Protection Tribunal has upheld a $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) on Meta Platforms Inc. and WhatsApp LLC for data privacy violations in Nigeria.

Tribunal Upholds FCCPC’s $220m Fine against Meta, WhatsApp

The Tribunal also awarded $35,000 in investigative costs to the country’s Federal Competition and Consumer Protection Commission .

In a statement issued by the FCCPC, the Tribunal delivered its judgment in the appeal filed by Meta Platforms Incorporated (Facebook) and WhatsApp LLC against the Federal Competition and Consumer Protection Commission (FCCPC), affirming the Commission’s authority and ruling in favour of its actions on nearly all contested issues.

According to the statement by the FCCPC, “The Tribunal specifically determined that the Commission adhered to prevailing laws, fulfilled its mandate, and exercised its powers by the 1999 Constitution (as amended).

“It ruled that the multiple actions by WhatsApp and Meta, for which the Commission made findings of violations, were correctly identified, and that the Commission did not err in making those findings.”

The statement revealed that WhatsApp and Meta’s legal team was led by Professor Gbolahan Elias (SAN), while the FCCPC was represented by Babatunde Irukera.

It added that both legal teams presented their final arguments on behalf of their respective clients on January 28, 2025.

“The FCCPC had on July on July 19, 2024, issued a Final Order imposing a $220 million administrative penalty after concluding that the companies engaged in discriminatory and exploitative practices against Nigerian consumers, the investigation started in 2020.

“The case arose from a 38-month joint investigation initiated by the FCCPC and the Nigeria Data Protection Commission (NDPC) into the conduct, privacy practices, and consumer data policies of Meta Platforms and WhatsApp.

“Dissatisfied with the Order last year, Meta and WhatsApp appealed to the Tribunal, challenging both the legal basis and the findings of the Commission,” FCCPC said.

The Tribunal upheld the FCCPC’s authority and investigative procedures in Meta and WhatsApp’s appeal, resolving most of the contested issues in the Commission’s favour.

It confirmed that the FCCPC acted within its constitutional and statutory mandate, particularly regarding fair hearing, data protection, and consumer rights.

While it dismissed the majority of the appellants’ objections, it set aside one specific order (Order 7) for lacking sufficient legal basis.

While expressing satisfaction with the judgment, Tunji Bello, executive vice chairman/CEO,  commended the Commission’s legal team for their exceptional diligence and forensic expertise in assembling evidence and presenting their case.

He reaffirmed the FCCPC’s unwavering commitment not only to protecting the rights of Nigerian consumers but also to promoting fair business practices in line with the FCCPA (2018) and the Renewed Hope Agenda of the Nigerian government.

 

 

 

 

 

 

 


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Legend Internet Plc Makes History as First Indigenous Telecom Firm on NGX

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Nigerian Exchange Limited (NGX), has made history with the listing of Legend Internet Service Plc  as the first company in its Telecoms sector and the first company to be listed this year.

Legend Internet Plc Makes History as First Indigenous Telecom Firm on NGX

Legend’s N2 billion ordinary shares, with a par value of 50 kobo each, were listed at N5.64 per share.

Dr Umaru Kwairanga, chairman of NGX Group,  who welcomed Legend’s board and management, commended the company for its successful listing on the Exchange

He highlighted that listing signifies an elevated commitment to corporate governance and provides opportunities to leverage the Exchange’s diverse asset classes for capital raising.

He stated, “As we celebrate this listing, with many more in the pipeline, I commend the management of Legend Internet Plc for this remarkable milestone.

“This bold step demonstrates confidence in your business model and growth vision.

It also marks the formal emergence of a broadband service as a distinct sub-sector on our Exchange.

Legend has evolved from a focused digital network provider to a diversified technology player, achieving significant advancements in broadband infrastructure development and data services.

We anticipate continued growth in the future.

“We are still bringing many companies on board the NGX, including Dangote, NNPC and others.

“As Africa’s leading exchange, NGX has consistently championed innovation, transparency and sustainable value creation through our investment in cutting-edge infrastructure and a comprehensive range of product offerings, spanning equities, bonds, ETFs and derivatives

Speaking at the Facts Behind the Listing Ceremony, Dr Ladi Bada, chairman,  Legend emphasised that the company, as the first indigenous telecommunications company on NGX, has substantial value to offer the market.

Bada encouraged Nigerians to embrace the broadband industry, recognizing it as the fastest-growing sector globally.

He noted that the company had been instrumental in laying fiber optic cables connecting 250 homes in the Suleja and Abuja environs.

He expressed optimism that the Exchange would serve as a catalyst to replicate such commendable projects across other regions of Nigeria.

“We are here to create an enabling digital infrastructure to achieve the projected one-trillion dollar economy.

“On this special day, Legend Internet takes a bold step forward, not just for itself, but for the broader ecosystem of technology, infrastructure, and enterprise in Nigeria.

“As we begin this exciting new chapter as a publicly listed company, we do so with humility and boldness.

We remain committed to continuous innovation, expanding our reach, and delivering value to shareholders and society

“A listing on the Nigerian Exchange is more than a financial event. It is a signal and a declaration that a business is ready to be held to the highest standards of governance, performance, and public trust,” he said

Providing insights into the company’s development, Ms Aisha Abdulaziz, chief executive officer of Legend Internet Plc, stated that the company had evolved from an internet service provider to a comprehensive digital service provider.

Abdulaziz noted that with broadband penetration in Nigeria being less than one per cent, Legend Internet was strategically positioned to deepen access

She affirmed the company’s commitment to taking Nigeria’s digital economy to the next level

“When we started Legend, we weren’t just building an internet company; we were building a movement

A movement fueled by the belief that every Nigerian deserves access to premium, reliable, and high-speed internet, regardless of their location or occupation

“From late nights in our first office to laying fiber across Abuja, to launching products that made people’s lives easier and faster, our journey has always been about connections

“Connecting people to opportunities, connecting homes to entertainment, connecting Nigeria to the digital future it deserves. Our journey has always been about a better way to live.

“This listing is a symbol of our commitment to transparency, sustainable growth, and the kind of excellence that outlives hype.

“Legend’s primary focus now is on unlocking digital value at the household level,” she said.

Mr Jude Chiemeka, chief executive officer of NGX, congratulated the company for making the strategic decision to list.

Mr Chiemeka noted that Legend’s listing on NGX now brings the total number of listed securities to 322

Also, Mr Temi Popoola, chief executive officer of the Nigerian Exchange Group, encouraged the investing public to support the newly listed company.

 


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