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Yudala Shut Down Abuja with Zero Gravity

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L-R: Executive Director, Personal Banking at Access Bank Plc, Mr. Victor Etiokwu; Deputy Senate President, Ike Ekweremadu; Hon. Minister of Labour/Productivity, Dr. Chris Ngige; Chairman, Zinox Group, Leo Stan Ekeh; Hon. Minister of Communications, Barr. Adebayo Shittu and Founder, Yudala, Prince Nnamdi Ekeh during the official launch of YUBOSS – an entrepreneurship and wealth creation scheme set up by Yudala in partnership with Access Bank and Airtel at the Yudala Zero Gravity Contemporary Music Concert h
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It was a night of thrills, frills, unlimited fun and the unveiling of a potential life-changing wealth creation scheme for millions of Nigerian youths on Friday October 21st as pioneer composite e-commerce outfit Yudala shut down the city of Abuja with the second instalment of Yudala Zero Gravity – a multi-city mega entertainment concert which witnessed a record crowd at the Sheraton Hotel, Abuja.

The over-crowded event featured the official launch of YUBOSS – a wealth creation scheme powered by Yudala in partnership with Access Bank and Airtel and which has received a N1.5B support from the Leo Stan Ekeh Foundation to generate creative employment and grow future billionaires in Nigeria.

In attendance at the star-studded event was Dr. Chris Ngige, minister of Labour/Productivity who flagged off the YUBOSS Scheme as well as Barr. Adebayo Shittu, minister of Communications,.

Also present was the Deputy Senate President, Ike Ekweremadu, former Governor of Imo State, His Excellency, Achike Udenwa and his wife, former Deputy Speaker, House of Representatives, Hon. Emeka Ihedioha, several Distinguished Senators and serving members of the National Assembly, Bank CEOs, captains of industries and representatives of corporate Nigeria.

Speaking before the unveiling of YUBOSS, the Chairman, Leo Stan Ekeh Foundation –Ekeh recalled several years of extreme pain before pleasure in his core sector of ICT and reminded youths that this century, despite all challenges, is one of mega wealth for them but insisted that they have to work for it. He stated that the Foundation is focusing, for now, only on those who have the brain, energy and hunger to achieve certified wealth.

 While assuring that he has installed digital infrastructure to personally mentor all those selected through the YUBOSS platform, Ekeh disclosed that his ambition is that, by 2021, the Foundation would have delivered 36 sustainable billionaires and 778 millionaires.

In his speech during the unveiling of YUBOSS, Dr. Ngige lauded Yudala for the giant strides recorded in the marketplace within a year of existence and the determination to empower the youths through YUBOSS.

The Minister also showered encomiums on the Leo Stan Ekeh Foundation for the landmark investment in YUBOSS – a move which, in his opinion, will go a long way in aiding the government’s efforts at job creation.

Also speaking, Barr. Shittu expressed the commitment of the Ministry of Communications to partner with Yudala and the Leo Stan Ekeh Foundation in further growing Nigeria

“Part of our mandate in the Ministry of Communications is to increase the contribution to Nigeria’s GDP through partnerships with the ICT sector and especially e-commerce which is enjoying huge investments and growing at an astronomical rate in the country.

“I must commend the Management of Yudala for creating a viable platform such as YUBOSS to empower our youths and my good friend, Leo Stan Ekeh Foundation for his many pioneering efforts and for believing in Nigeria. The Ministry of Communications will partner with Yudala and the Leo Stan Ekeh Foundation to take the YUBOSS message to every nook and cranny of the country to ensure that not only the people of Abuja will benefit from this huge opportunity.

“Unemployment and poverty are two of the biggest challenges facing the country today and it is our hope that through this scheme, many of our youths will find a way to the top.”

The event witnessed a series of exciting performances from major artistes including Naeto C, David Grey, ace comedian, Ali Baba, Shody and a host of comedians who kept the audience laughing all through. The performance of the night, however, belonged to Phyno who delivered a high-octane show which kept the crowd on their feet for over an hour.

Attendees also enjoyed an auction sales anchored by Yudala featuring a number of premium devices such as the HP Spectre, iPhone 7, Samsung Galaxy G7, among others.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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NRC, Ponzi Scheme Collapses Resulting Loss of Billions of Naira

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National Reading Culture (NRC), an online investment platform targeting Nigerians has collapsed, resulting in the loss of billions of Naira for investors.

NRC, Ponzi Scheme Collapses Resulting Loss of Billions of Naira

The website unexpectedly shut down, blocking users from withdrawing their funds and locking in their investments.

Just like all other investment scams, victims were lured with promises of doubling their money in few weeks.

When National Reading Culture eventually crashed, the operators vanished with users’ funds, leaving investors devastated.

How the Platform WorkedTask-Based Earning:

According findings, National Reading Culture lured users with promises of making money by completing simple daily tasks like reading articles, clicking links, or inviting friends.

They also offered investment tiers to  earn higher daily profits, where users had to deposit their own money into the platform.

Evidence showed the website previously operated as a Chinese job search platform before rebranding into an “earning” scheme.


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NSITF Partners South African Insurer on Digital Transformation

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The Nigeria Social Insurance Trust Fund (NSITF) has signed a memorandum of understanding (MoU) with Rand Mutual Assurance (RMA) to collaborate on digital transformation aimed at strengthening worker protection systems and support economic growth.

According to RMA, the agreement was concluded during a visit by its delegation to Abuja.

The partnership will focus on institutional capability development, modernising operating models, improving service delivery and sharing knowledge between the two organisations.

Through the partnership, RMA and NSITF will collaborate to strengthen institutional capability, modernise operating models, accelerate digital transformation and improve services for workers and employers.

The organisations will also explore opportunities for knowledge exchange and the adoption of best practices in social security administration.

RMA said the agreement forms part of its broader engagement with governments, regulators and social security institutions across Africa to support improvements in governance, operational resilience and service delivery.

“Our partnership with NSITF reflects much more than the signing of an agreement,” said Mandla Shezi, group chief executive officer of RMA. “This partnership is not simply about sharing knowledge. It is about co-creating the next generation of African social security systems.”

He added: “By combining our respective strengths, we can help build institutions that are more resilient, more responsive and better equipped to protect workers while supporting national development.”

Shezi said the future of social security depends on integrated systems where prevention, insurance, healthcare, rehabilitation, technology, investment management and institutional capability work together.

 


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Microsoft to Lay Off 4,800 Workers

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Microsoft has announced plans to cut about 4,800 jobs, representing roughly 2.1 percent of its global workforce, with  Xbox, its gaming division, expected to bear the largest share of the layoffs.

Microsoft to Lay Off 4,800 Workers

The company said more than 1,600 positions at Xbox would be eliminated immediately, while another 1,600 jobs would be phased out over the next year as part of a major restructuring of the gaming business.

In a memo to employees, Amy Coleman, executive vice president, Microsoft, said the company was streamlining its operations to focus on areas that deliver greater value to customers in a rapidly changing technology industry.

Asha Sharma, chief executive officer, Xbox, described the move as “the most significant restructure in Xbox history,” saying the changes are intended to position the gaming business for long-term growth rather than downsizing.


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