News
PMAN Accuses Telcos of Lack of Revenue Accountability
Performing Musicians Employers Association of Nigeria (PMAN) has threatened to sue telecom operators under the aegis of the Association of Licensed Telecommunication Operators of Nigeria (ALTON) for lack of revenue accountability.
Obi Casmir, led-board of PMAN, said that the step would be part of efforts to address frequent reports of non-payment of accrued revenue to its members.
He said: “Nothing is remitted to our musicians from sales, distribution, exhibition, downloading, streaming and sharing of musical content by mobile telephone operators in Nigeria.
“As the trustees and the national working committee of PMAN, we have decided to take drastic and proactive legal action to restrain all ALTON members, their agents, servants and privies operating in Nigeria from further sale, distribution, exhibition, downloading, streaming and sharing of musical content on their platform until proper revenue accountability and direct payment infrastructure are put in place across all online platforms.
“The measure is for the overall interest of our musicians bringing their talents to bear in the music scene with support from PMAN.
“The union will no longer fold its hands while ALTON and its agents continue to milk the music industry dry, leaving musicians in a state of poverty.”
According to the PMAN president, ALTON has deliberately failed and neglected to put in place a transparent revenue accounting and direct payment settlement structure in place.
“A transparent structure is required to guarantee return on investment for content owners and also guarantee sustainability of the Nigerian music industry and, in particular, musicians who are being ripped off,” Casmir said.
Also Mr Ademola Odetunde, PMAN legal adviser, told NAN that that complaints by musicians necessitated the body to appoint Lafrique Promedia Ltd. as the body’s exclusive aggregator.
Odetunde said that Lafrique was saddled with responsibilities for the sale and distribution of musical content across all online and physical platforms in the overall interest of Nigerian musicians and music industry.
According to him, PMAN had earlier sought the collaboration and support of ALTON and its agents toward developing a robust revenue accountability in their services.
“The objective behind the initiative by PMAN to ALTON is for direct payment infrastructure for the sale and distribution of musical content across all online platforms operating in the country,” he told NAN.
Odetunde said that ALTON had responded to the collaboration approach with a promise that they would act accordingly and support PMAN on its demand and other related issues,with effect from January 2020.
“Up till now, ALTON has not lived up to its promise and expectation by scheduling any meeting to resolve the matter,” he said.
He added that ALTON had yet to show any form of collaboration or support toward safeguarding the interest of musicians and the industry.
“It is clear that ALTON members do not have any regard for the Nigerian music industry as they have decided to continue to exploit our musical content.
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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