Broadcasting
Changera Cards Allow You to Spend Like a Local Anywhere You Go

Cross-border payment platform, Changera has expanded its financial services by launching Virtual cards for users to perform online dollar transactions without worrying about their monthly spending limit.

The Virtual Card is the latest rollout of more diffused features of Changera ranging from borderless money transfer, peer-to-peer payments, diaspora remittance to airtime, data, utility purchase and more. Launched in May 2021 as a flagship product of Bitmama Inc., Changera aims to bridge the cross-border payment gap that exists when doing country-to-country funds transfer within Africa and globally.
A recent report by Nigeria’s Central Bank reveals that the rate of FX inflows through the banking system by Nigerians living in diaspora plunged by 24% when compared to the $5.6 billion reported in the same period last year.
The value of global cross-border payments in the retail sector is also predicted to rise from $1.95 trillion in 2016 to $3.56 trillion in 2022.
This upward projection further underscores the need for secure payments solutions that are equally flexible for millions of users when performing online payment transactions.
Changera has two categories of users who are able to enjoy financial services without the worry of card limits and limited card access to platforms — individuals who perform personal transactions and businesses with access to a more extensive suite of features, such as multi-currency payment options for their remote workers or in their preferred home-country currencies.
To enable users’ safety when moving money from country to country seamlessly, Changera has a strict verification process that weeds out and truncates ingenuine transactions. The overall goal of Changera is also to give users the opportunity to conduct online transactions by easing the global money transfer process while ensuring users’ funds are secure.
Commenting on the new rollout, Victor Anunobi, Product Manager of Changera says “Our virtual card works exactly like a regular card, however, it doesn’t restrict the user from certain platforms and gives them unlimited access to users’ funds.
We’ve seen an increase in cross-border payments and diaspora remittance in recent times, and with the new African Continental Free Trade Agreement (AfCFTA) being ratified by most African countries, it makes a cogent timing to unveil the Changera Virtual Cards for merchants looking to stem businesses hassles and execute digital transactions.
Changera users are also protected from risks as the virtual card is not attached to the main account and users can only spend the funds preloaded onto their Changera virtual cards”.
How does the Changera Virtual Card work?
Changera is currently available to iOS and Android users. You can easily access the Changera Virtual Cards by downloading the Changera app from your App Store or Play Store
The app is designed to give users a seamless user experience when transacting online or making cross-border payments. Once downloaded, mobile app users can navigate to the ‘Cards” section and click on “Get Card”. As soon as all required details are inputted such as preferred currency, card type, payment method, wallet and select “pay”, the Virtual card is created instantly.
Beyond the limitless transactions and multiple platforms acceptance, card acceptance on all online platforms, users are also able to Create different cards for different services such as AWS, Netflix, Facebook google ads, Google in-app and store purchases, Skype, etc.
Broadcasting
BON Establishes Six Ad Hoc Committees to Modernize Broadcasting

Broadcasting Organization of Nigeria (BON) has established six committees to help strengthen and modernize the country’s broadcasting industry.

The committees will focus on content creation, skills development, digital transformation, sustainability, policy and commercial opportunities
The initiative aims to support industry growth and improve collaboration between broadcasters, regulators and media experts
The official launch recently, was led by Tony Akiotu, president, BON and attended by media professionals, program directors, former journalists and heads of specialized media organizations.
The event brought together several prominent figures in Nigeria’s media industry, including veteran broadcaster and trainer Bimbo Oloyede, Tony Uyah of M4S TV, Kingsley Uranta of Channels Television, Ismael Sani of Platinum TV and Ibrahim Shehu of Trust TV.
Together, they are expected to help drive innovation and support the growth of Nigeria’s broadcasting sector.
According to Akiotu, the committees are intended both to help shape industry policy and to provide a forum for dialogue between BON and broadcasting experts.
Akiotu said the ad hoc committees were intended to strengthen BON’s work and ensure that the umbrella body for Nigeria’s broadcasters played a more direct and meaningful role in developing the country’s broadcasting sector.
The six committees reflect the sector’s main priorities. The first focuses on collaboration and innovation to promote content creation.
The second is dedicated to training and talent development, while the third focuses on industry sustainability by improving the sector’s long-term financial viability.
A fourth committee will focus on digital transformation and work with the National Broadcasting Commission (NBC) on regulatory issues.
The remaining two committees will oversee public policy advocacy and the development of sports and commercial rights to help broadcasters increase revenue and attract more investment. Together, the committees are expected to guide BON’s efforts to modernize and strengthen Nigeria’s broadcasting industry.
The committees, chaired by members of BON’s General Assembly and supported by the organization’s Secretariat, have an initial 12-month mandate that may be renewed if necessary.
They are required to submit a progress report within three months and implement approved recommendations within the following six months.
The arrangement is intended to ensure close oversight and the timely implementation of their work.
Akiotu also reminded committee members that Nigeria pioneered television broadcasting in Africa and urged them to carry out their work with greater effectiveness and efficiency.
Broadcasting
NELFUND Investigates 34 Universities Over Students’ Missing Tuition Refunds

Nigerian Education Loan Fund (NELFUND) says it is investigating about 34 tertiary institutions over allegations that they failed to refund students whose tuition fees were paid twice under the Federal Government’s student loan scheme.

The Managing Director of NELFUND, Mr Akintunde Sawyerr, disclosed this during an interview on Arise Television.
Sawyerr said the agency had deployed a five-member investigative team, including operatives of the Economic and Financial Crimes Commission (EFCC) and internal auditors, to examine the allegations.
According to him, the investigation was prompted by numerous complaints received from affected students.
“As of right now, there are 34 institutions that we are looking at closely with respect to this issue,” he said.
Sawyerr explained that the double payment issue arose because President Bola Tinubu directed that the student loan scheme commence in the middle of an academic session instead of at the beginning.
He said the decision compelled many students to pay their tuition fees to meet registration deadlines while awaiting approval of their loan applications.
“What happened is that a lot of schools got double payment; some from the students and some from us,” he said.
“The refund process is entirely out of our hands. It is the recipient of the double payments that is obliged to make refunds to the students.”
The NELFUND boss noted that many students had borrowed money from family members, friends and other sources to pay their tuition with the expectation of receiving refunds once the loans were disbursed.
He said while some institutions had promptly refunded affected students, others had failed to do so.
“Some have been very good at this. Others haven’t been so good at it,” Sawyerr said.
“I reserve judgement on the intentionality around it because, for some of them, they just didn’t have the process to make refunds.”
Sawyerr disclosed that NELFUND was exploring a tokenised payment system that would enable students to authorise tuition payments directly to their institutions, thereby reducing the likelihood of duplicate payments.
He said the agency deliberately chose not to disburse tuition loans directly to students to minimise the risk of fund diversion.
“Paying the funds to the students could really lead to the temptation for them to divert and do other things,” he said.
The managing director, however, acknowledged that NELFUND lacked the statutory powers to compel institutions to refund students or prosecute officials found culpable.
He added that many frustrated students had submitted complaints not only to NELFUND but also to anti-corruption agencies, including the EFCC and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
Sawyerr also expressed concern over increases in tuition fees by some institutions following the introduction of the student loan scheme.
He said NELFUND had declined to pay institutions that increased their tuition fees beyond acceptable levels.
“Some schools, because they get paid easily, started to put up their fees. We refused, point blank, to pay institutions who had hiked their fees beyond a certain level,” he said.
He reaffirmed the agency’s commitment to investigating every reported irregularity and strengthening the implementation of the student loan programme through continuous monitoring and internal reviews.
Broadcasting
Obi, NDC Presidential Candidate Faces N50Bn Defamation Claim over Alleged Podcast Remark

Abayomi Arabambi, national vice chairman (South-West) of the Labour Party, has demanded a public apology, a retraction, and N50 billion in damages from Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC), over an alleged defamatory statement made during a podcast interview.

The demand was contained in a letter issued by the law firm Neplus Ultra Attorneys and signed by Anderson U. Asemota, Peter O. Asimegbe, and Stanley C. Eziefulle on behalf of Arabambi.
According to the letter, the legal dispute arose from comments allegedly made by Obi during the interview, where he reportedly stated that Arabambi “does not have an address.”
Arabambi’s legal team described the statement as false, malicious, and defamatory, arguing that it portrayed their client as a faceless individual without legitimacy, credibility, or standing in public life.
The lawyers further claimed that the interview was widely circulated on television stations and digital platforms, exposing Arabambi to public ridicule and damaging his reputation.
“Our client has had a known residential and business address, maintains professional and political affiliations within Nigeria, and has never been a person whose whereabouts or identity were unknown,” the letter stated.
The legal team maintained that the alleged publication caused embarrassment and harmed Arabambi’s public image and political standing.
As part of their demands, the lawyers called for an unreserved public apology to be aired on national television, published on Obi’s verified social media platforms, and carried as full-page apologies in national newspapers.
They also demanded the payment of N50 billion as compensation for the alleged injury to Arabambi’s reputation, dignity, political standing, and public image.
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