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Konga is Built on Sound, Ethical Behaviour, Says Imudia

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Konga, E-commerce giant has assured its numerous customers and other stakeholders of its continuous adherence to the highest level of ethical conduct.

Giving the assurance in Lagos during a stakeholder meeting with merchants under the Konga platform, Nick Imudia, co-ceo of Konga,  disclosed that Konga will never deviate from its well-worn path of ethical behaviour. Imudia revealed that this has remained one of the shining lights that has kept Konga at the apex of the e-commerce industry in Nigeria.

“Everything about Konga is built around ethical behaviour,” Imudia averred.“Yes, we know that Konga is in the business of e-commerce. But at Konga, it is our utmost belief that we are in business not to destroy society, but to sustain it with everything we do.

“Without a strong regard for honesty, fairness, dignity and accountability, no society will succeed. That is a fact. And if there is no society, there wouldn’t be customers and business,” he declared.

Equally important, Konga has underlined its intention to make a highly anticipated listing on the London Stock Exchange. However, huge question marks have emerged on the credibility of players in the African e-commerce sector after the travails of Jumia, which saw a much-publicized IPO on Wall Street, fall flat after a publication by a US research firm, Citroen.

Indeed, analysts believe the development may hamper the efforts of other prospective players –  a point raised by Mr. Wale Ekun, one of the merchants in attendance.

However, Imudia is adamant that Konga has a track record of trust, credibility and rigorously-held standards working to its advantage.

“Our track record of sound ethical conduct is a tradition that Konga was built upon. Furthermore, the new owners of Konga are highly credible Nigerians who have been in business for over three decades without any form of blemish, indebtedness to any bank or unethical practices to their name. To begin with, internally, our ethical behaviour has led us to put a mechanism in place to ensure that only genuine products are sold on the Konga platform.As the market leader in e-commerce, Konga cannot afford to mess up its name by being associated with any form of unethical behaviour.

“Furthermore, we have grown the business efficiently to its current path of profitability by cutting losses and through critical investments in essential areas of the business. Even if we were to go public tomorrow, Konga has a groundswell of public trust that it has acquired over the years.

“Therefore, we want our customers to rest assured that their interest is covered at Konga. Each time a customer sets out to make a purchase on the platform or when we make a promise or release sensitive data, thereis a huge burden of trust underlying it. At Konga, our pricing, packaging, fulfilment, refund and overall processes are all aimed to reflect the true ethical traditions of the company.”

Further, Imudia noted that merchants and staff members of Konga are critical to its ethical conduct, adding that the company has ensured that its staffing and onboarding process meet global ethical standards.

Imudia added: “Our staffing process reflects the principle of good moral behaviour. Our staff come from different parts of Nigeria; we are not discriminatory in terms of religion, tribe, social class or age in our employment process. Our workforce is diverse as Nigeria is.However,our staff are all imbued with the right trainings and immersed in our corporate culture in displayingthe highest standard of behaviour when dealing with our customers, merchants and other stakeholders. Konga highly frowns at cutting corners or giving and taking of bribes. Every one of our staff knows this and have imbibed the culture of giving their best when dealing with our customers.”

Continuing, Imudia disclosed that: “The Konga ethical behaviour also applies to merchants doing business on the platform. At least, some of you have colleagues who we have blacklisted from selling on the platform. At Konga, there is zero tolerance for fraud or any attempts at falsifying figures.

“This is because our merchants also have responsibilities in this ethical behaviour philosophy. Merchants are critical stakeholders in the e-commerce business.Your role is valuable in completing a critical part of our ethical behaviour process, by ensuring that you seriously adhere to our codes of conduct. As you know, at Konga we do not tolerate anyone who performs below our ethical standards, and we do not condone inferior products on our platform. The responsibility to ensure that only genuine products find their way into our platform begins with you.”

The meeting, which had over 1000 merchants in attendance, was aimed at discussing ways to deepening ethical behaviour in all areas of operations in Nigeria’s largest online marketplace.

During the meeting, Imudia appreciated the various merchants who attended the event, explaining that Konga will never compromise standards in a bid to satisfy its numerous consumers, merchants, staff and investors.

Imudia urged the merchants under the Konga platform to play their part in ensuring they display optimal level of good behaviour and sound moral judgement – factors he described as critical to satisfying the yearnings of shoppers on the Konga platform.

Some of the merchants who spoke during the event expressed gratitude to the management of Konga for always being consistent with its ethical policies, adding that Konga currently stands tall above its rivals when it comes to displaying sound moral judgement in retail business.

Sunday Adeyemi, who spoke on behalf of the merchants, promised that merchants on the Konga platform would always reflect Konga’s ethical behaviour in their business operations on the platform. To this end, he said that the merchants have taken it upon themselves to work with Konga at all times to ensure the achievement of its objectives.

 


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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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MTN Mulls Establishment of Fintech Firm in Nigeria, Others

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MTN Uganda is seeking input from stakeholders on a plan to structurally separate its mobile money service, MoMo, from its core telecoms business.

According to the company, the proposed change will be discussed at the upcoming extraordinary general meeting on July 2.

If approved, the telco’s fintech business will be run by a new company controlled by MTN Group Fintech Holdings B.V. and a trust benefiting minority shareholders following a merger.

Additionally, the restructuring also aligns with MTN Group’s ambition 2025 strategy which aims to unlock value, attract new investors, and strengthen regulatory compliance by creating standalone fintech entities in Uganda, Ghana, and Nigeria.

The company’s fintech division has over 13 million customers, with an 18.4% revenue increase in the first quarter of 2025, driven by 19.0% growth in mobile money services, 19.8% growth in transaction volumes, and a 31.4% increase in transaction value.

Reports say the decision is part of the telco’s compliance with the National Payment Systems Act 2020, which mandates mobile money businesses to operate as standalone entities, and to align with MTN Group’s regional fintech strategy.

MTN Uganda, which is led by CEO Sylvia Mulinge, highlighted that the implementation of the proposed transaction will be subjected to a number of conditions and regulatory procedures.

“The implementation of the proposed transaction shall be subject to a number of conditions, including the company and MTN MoMo receiving all required regulatory approvals and no-objections and complying with any regulatory conditions,” said MTN Uganda in notice.

 


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ngCERT Issues High Alert to Nigerians Using Android Phones

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Nigeria Computer Emergency Response Team (ngCERT) has raised alarms over a new wave of advanced cyberattacks targeting Android mobile phones through a malware campaign dubbed Tria Stealer.

ngCERT Issues High Alert to Nigerians Using Android Phones

The malicious software is designed to infiltrate Android devices, hijack messaging accounts, intercept One-Time Passwords (OTPs), to steal sensitive personal and financial data.

According to ngCERT, Tria Stealer spreads primarily through deceptive tactics, such as fake event invitations distributed via popular messaging platforms like WhatsApp and Telegram.

Unsuspecting users are enticed to download an infected  (APK) file, often disguised as a harmless system application, to evade detection.

Once installed, Tria Stealer requests extensive permissions, including access to SMS, call logs, and app notifications.

It immediately commences data harvesting activities, sending stolen information to a Command and Control (C2) server operated via Telegram bots.

This trojan spreads through fake links, usually disguised as wedding or event invites, and tricks users into downloading malicious APK files

“Account takeover of messaging platforms. Impersonation of victim for fraudulent money transfer requests. Compromise of banking and financial applications. Identity theft and credential harvesting.”

In plain terms, if your phone is compromised, the consequences could be catastrophic.

Your financial apps are vulnerable, your reputation could be ruined by impersonation and even simple personal messages could be twisted into tools for scams.

Here’s what users should be doing now:

Don’t download apps outside the official Play Store.

Be suspicious of random invites or links, even from people you know.

Turn on 2FA for everything—banking, emails, social platforms.

Get a reputable antivirus and keep it updated.

If you run an organisation, you should already be taking this seriously.

ngCERT’s guidance says you should raise awareness, monitor mobile devices, and not let your team click on unverified links.

“Deploy network monitoring for suspicious outbound connections to known C2 domains,” it said, meaning, keep an eye on every digital door in and out.

This isn’t one of those cases where you wait to see if it affects you. By the time you realise it, it may already be too late.

 

 

 


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MTN and Ecobank Launch Chess Championship to Empower Nigeria’s Youth

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MTN Nigeria is set to host the National Schools Team Chess Championship, Nigeria’s largest inter-school chess competition, scheduled to take place from June 26th to 28th, 2025, at the Ecobank Pan African Center in Victoria Island, Lagos.

The championship, organised in partnership with Ecobank and the Nigeria Chess Federation (NCF), aims to promote intellectual development, critical thinking, and problem-solving skills among young Nigerians, while also identifying and nurturing future chess champions.

The championship is open to primary, secondary, and tertiary level students, and this year’s edition will host an impressive 1,600 students from 400 schools across 36 states and the FCT.

The competition will feature team-based play, with each team comprising four players from the same school. A significant prize pool of over N40 million is at stake, with winning schools also having the invaluable opportunity to represent Nigeria internationally.

Onyinye Ikenna Emeka, Chief Marketing Officer (CMO) at MTN Nigeria, expressed the company’s commitment to the initiative, stating, “Our investment is driven by our commitment to fostering youth development, just as our shared value initiative.

“By supporting, we not only contribute to the growth but also engage with the younger demographic in a meaningful way, as we believe we are good together”.

MTN’s sponsorship of the National Schools Team Chess Championship is a natural extension of its long-standing dedication to empowering young people through various initiatives in sports, education, and skill development, including programs like MTN Champs and MTN Campus Invasion.

The company aims to establish itself as the leading driver of youth empowerment, education, and strategic thinking through chess in Nigeria.

The event will also feature the presence of Tunde Onakoya, a renowned chess master and inspiration, who will join the championship week to share his experiences and further inspire the young participants.

His involvement underscores the profound impact strategic thinking can have on transforming lives and building dreams.


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