News
ICT Traders Castigate SON over Frequent Raids on Market
For two days, traders at the Nigeria’s popular computer village watched with trepidation as a joint operating team of police and standard organization of Nigeria (SON) enforcers raided their market carting away goods worth millions of dollars. Nigeria CommunicationsWeek can report that by last weekend, the traders most who were seen talking in hush-hush tones were still licking their wounds from the surprise raids. Last Friday when Nigeria CommunicationsWeek visited the Computer Village most traders were unanimous in their condemnation of the latest raids on operators at the market. This is perhaps West Africa’s largest informal/formal ICT open market incorporating mobile phones, PCs and electronic appliances. It was an uncharacteristic move by SON that took the traders unaware, but the organization expressed satisfaction over its action. The raids which took place on Friday, 24 and Monday, 28 February respectively follow on the heels of similar visit by Nigerian Communications Commission (NCC) a week earlier. The NCC accused mobile phone vendors of marketing devices not tested by relevant authorities. KenXinDa Mobile phone brand located in more than three premises within computer village was the primary target. KenXinDa is promoted by Nigerians whose trade name is deliberately coined to appear and sound Chinese to attract patronage. The devices are custom-manufactured in factories in mainland China and shipped to Nigeria. The firm recently took possession of some premises in the market and given them an outdoor make-over that paid off with huge patronage from consumers who are eagerly searching for cheap and functional smartphones. A SON statement said it was part of its avowed mission to rid the markets of sub-standard products. “We have a mandate to survey markets to identify substandard products and proactively respond to complaints sent to our enforcement unit,” said Joseph Odumodu, director general of the organization. Officials of both firms refused to speak when Nigeria CommunicationsWeek visited last week. Other traders at the markets maintain stoic silence for fear of another surprise visitation from the regulator. “Do you think my interest is to talk to media people? I’m talking of losing millions of dollars investment here to NCC and you want to talk to me?” an angry official of G-Tide reacts to our inquiry. Kingsley Uchenna, a mobile phone vendor at the market castigated SON for the dawn raid. “SON has never come to our aid in this market but they would remember to seal off offices of hardworking Nigerians. How much help has the Nigerian government given to the unemployed graduates in this country? The government should think of positive ways of affecting Nigerians than coming to destroy private investment,” Uchenna enthused. Madu Ezechi, a trader on used PCs said they were constantly being harassed by various agencies of government, without assistance from these government functionaries. “It is either the Lagos state government will come here and threatens us, or standard organization of Nigeria (SON) will come seize goods here labeling them fake or sub-standards. Last week was the turn of NCC whose duty is to regulate mobile operators. Let them come here and help us improve our business operations,” Ezechi said. The standard organization of Nigeria had also raided the computer village last October over what it term ‘killer’ appliances being sold at the market. This led to the signing of a MoU between SON and the traders union – association of phones and computer allied (APCA) – in November 2011. This latest raid may not be unconnected with SON’s mission to “establishment of reliable information on quantity, quality, source and origin of products/services manufactured in and/or imported into Nigeria. This involves all products/services available in the Nigerian economic environment.” KenXinDa Mobile has been accused of stocking range of 17 models of mobile devices that are not type-approved in Nigeria.
News
Verve Partners Ali Express On Seamless Cross-Border Shopping
Verve International, Africa’s domestic payments card scheme and token brand, has announced that its cards are now accepted on AliExpress, one of the world’s largest online retail platforms.
This landmark partnership expands Verve’s global reach, offering seamless and secure payment solutions and providing millions of Verve cardholders and merchants worldwide with easy access to AliExpress’ extensive range of products, including fashion, electronics, home goods, beauty, and more.
The collaboration empowers Verve cardholders, both locally and internationally, to engage in cross-border transactions.
It also reinforces Verve’s unwavering commitment to delivering inclusive, innovative, and secure digital payment solutions that empower individuals and businesses alike, while bridging the gap in global digital commerce.
Speaking on the partnership, Vincent Ogbunude, Managing Director, Verve International, remarked: “We are excited to announce that Verve is now accepted on AliExpress, a globally recognised e-commerce leader.
This marks a significant milestone in our global expansion journey, reflecting our commitment to providing cardholders with access to more possibilities in today’s digital economy.
The addition of AliExpress to our growing network is just the beginning, there’s much more to come as we continue to innovate, expand, and deliver value to millions of Verve cardholders in Nigeria and beyond.”
Verve’s expanding global network is bolstered by partnerships with renowned brands such as Google, YouTube, Netflix, Amazon Prime, Facebook, Uber, Spotify, among others, enabling cardholders to conveniently pay for subscriptions in naira.
These alliances solidify Verve’s position as a trusted leader in the digital payments space, ensuring that consumers can access top-notch services across diverse industries.
With AliExpress joining this network and Verve integrated into its payment options, Verve cardholders can easily shop and pay for a wide range of products.
To shop on AliExpress using a Verve card, simply sign in, select the items to buy, and click ‘Buy now.’ When prompted, add a new card and enter the Verve card details. Save the information for future use, confirm the details, and complete the payment seamlessly.
News
Stanbic IBTC Asset Management Unveils Anti-scam Measures to Protect Mutual Fund Holders
Stanbic IBTC Asset Management has introduced strong measures to safeguard its customers from scams targeting mutual fund holders.
In response to this trend, the company has launched a strategic campaign to educate customers on protecting their investments and understanding the correct procedures for mutual fund subscriptions.
The Company, in a statement disclosed that recently, enquiries about the authenticity of messages for mutual fund subscription have surged. It stated: “Many of these messages contain differing and potentially incorrect account numbers, leading to confusion and concern among investors.
“In response to these concerns, Stanbic IBTC Asset Management launched a campaign to educate customers by providing accurate information and security tips to reduce the likelihood of clients falling prey to scam attacks.
“The campaign has established three main objectives: first, to educate customers about the mutual fund subscription process by providing precise and accurate information that empowers them to make informed decisions.
Second, it aims to ensure that customers verify the payment accounts for any Stanbic IBTC mutual fund investments, encouraging due diligence in confirming the legitimacy of financial communications”.
The statement further stated that the campaign seeks to raise awareness of scam attempts that may mislead customers into using incorrect account details, highlighting the tactics used by scammers to keep customers informed and vigilant.
Busola Jejelowo, the Chief Executive of Stanbic IBTC Asset Management, recently addressed the importance of a new initiative to safeguard customers in an increasingly complex financial landscape.
“At Stanbic IBTC, our top priority is our customers’ financial safety, and we are fully committed to ensuring that our clients have the security they need while managing their investments”.
News
Amnesty International Condemns Police Actions During #EndBadGovernance Protests
Amnesty International has accused Nigerian police of using excessive force against demonstrators during the #EndBadGovernance protests, which took place from August 1 to 10 across the country in response to Nigeria’s harsh economic conditions.
According to the human rights organization, the police crackdown resulted in the deaths of at least 24 people, including 20 young adults, two children, and an older person.
Amnesty’s report claims that the victims were shot by police at close range, often in the head or torso, indicating an intent to kill. Two survivors sustained severe injuries, while others suffered from the indiscriminate use of tear gas. The organization condemned the actions of security personnel, describing the violence as “unbelievable lawlessness” and accusing authorities of covering up the atrocities to downplay the death toll.
Eyewitnesses from Kano, Katsina, Jigawa, and other states told Amnesty that the protests began peacefully but escalated into chaos when police opened fire with live ammunition and tear gas. In Kano, 12 people were killed, while Jigawa and Niger states reported three fatalities each. Kaduna and Maiduguri also recorded multiple deaths.
In addition to the killings, over 1,200 protesters, including minors, were detained, and more than 146 were charged with treasonable offenses. Some detainees reported being subjected to torture. One protester, Khalid Aminu, described being beaten with sticks and iron cables while in the custody of the Department of State Services (DSS). Another detainee, Michael Adaramoye, was held for two months for participating in a protest in Abuja.
Despite mounting evidence, including eyewitness accounts, medical records, and video footage, Nigerian authorities have denied involvement in the violence, attributing the deaths to “unknown gunmen” or dismissing reports as “fake news.” Amnesty International has called on President Bola Tinubu to establish an independent and impartial investigation into the violations and to hold those responsible accountable.
The protests, triggered by widespread corruption and economic hardship, have reignited concerns about the Nigerian government’s disregard for human rights. Amnesty International stressed that law enforcement’s use of firearms against peaceful protesters violates international standards, urging authorities to end impunity and ensure justice for the victims.
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