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MultiChoice Nigeria Unveils Whitemoney as GOtv Brand Ambassador

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L-R: Dr. Busola Tejumola, Executive Head, Content and West Africa Channels, MultiChoice Nigeria; Hazel Oyeze Onouduenyi "WhiteMoney", GOtv Brand Ambassador and John Ugbe, Chief Executive Officer, MultiChoice Nigeria at the Unveiling of Whitemoney as GOtv Brand Ambassador on Monday
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MultiChoice Nigeria has unveiled BBNaija ‘Shine Ya Eye’ season winner, Hazel Oyeze Onouduenyi, popularly referred to as Whitemoney as its latest brand ambassador for GOtv Nigeria.

L-R: Dr. Busola Tejumola, Executive Head, Content and West Africa Channels, MultiChoice Nigeria; Hazel Oyeze Onouduenyi “WhiteMoney”, GOtv Brand Ambassador and John Ugbe, Chief Executive Officer, MultiChoice Nigeria at the Unveiling of Whitemoney as GOtv Brand Ambassador on Monday

The announcement was made on Monday, November 15, 2021, at a signing ceremony held at the MultiChoice office in Lagos.

John Ugbe, chief executive officer, MultiChoice Nigeria, stated that the choice of BBNaija ‘Shine Ya Eye’ season winner as GOtv brand ambassador was in recognition of his tenacity and drive which endeared him to many.

“Having Whitemoney join the family is very significant. We saw a lot of votes from subscribers and it was clear that they all loved him as is evident with his huge fan base. We have had a lot of ambassadors in the past- Daddy Showkey, the past Big Brother winner, Laycon – who have represented the brand well and now Whitemoney, who will be the first GOtv ambassador with his own reality TV show,” Ugbe said.

He also noted that his signing is coming on the 10th anniversary of the brand and the launch of the latest package, GOtv Supa.

“GOtv is a product that has been around for 10 years, providing technologically advanced, easily accessible, affordable and customer-friendly packages for millions of Nigerians nationwide. In line with enabling customers with quality entertainment, we recently launched the GOtv Supa package which will focus on an extensive catalogue of general entertainment channels available on DStv such as Honey, Africa Magic Urban, WWE, TLNovelas, Novela Magic, ROK, KIX, Nick Jr. and NickToons at just N5,500,” said Ugbe.

The company also revealed that Whitemoney would be starring in his reality TV show on Africa Magic in the first quarter of 2022.

Dr. Busola Tejumola, executive head, Content and West Africa Channels, MultiChoice Nigeria, speaking on the upcoming reality show said: “Whitemoney has a story to tell and our platform is the best place to tell that story. We can’t wait for Nigerians to watch him on their screens. We are also excited to have him onboard and we look forward to a mutually rewarding experience.”

On his part, the elated GOtv ambassador thanked the MultiChoice family for the recognition and also the opportunity to showcase his talent to a wider audience.

“I entered the Big Brother Naija house on merit, with no connection. This is a big deal for me, coming from a background where I was written off and only recognized for my looks.

“Being the first GOtv ambassador is a big win not just for the brand but also for my fan base. They get to see the real me and all the plans I have going forward. I am grateful to God, MultiChoice Nigeria and proud to be a GOtv Ambassador,” he added.

 

 


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FG Withdraws Case against MultiChoice after Settlement

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Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn its criminal case against MultiChoice Nigeria Limited and its top executives after both parties reportedly reached an amicable settlement.

FG Withdraws Case against MultiChoice after Settlement

Recall that the FCCPC and MultiChoice have been at odds for months since the pay-TV operator hiked the pricing of its DStv and GOtv services in March.

The FCCPC then summoned the company to explain the rationale for the increases and submit supporting papers, after which it said MultiChoice failed to comply.

Viewing this as a violation of the FCCPC Act’s regulatory directives, the Commission filed a seven-count criminal lawsuit accusing MultiChoice and several of its top officials of hindering investigations and failing to comply with summons.

Nonetheless, the parties informed Justice James Omotosho of the Federal High Court in Abuja on Tuesday that they had reached an amicable agreement, bringing the legal dispute to a conclusion.

Daniel Amadi, lawyer to the FCCPC,  informed the court that a notice of withdrawal had been filed on August 16, following the resolution of all outstanding issues.

With no objections from the defence, Justice Omotosho dismissed the case, effectively ending the proceedings.

The commission underlined that compliance and transparency are still critical for sustaining trust between firms and regulators in Nigeria’s consumer market.


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FG-backed mortgage reforms help over 700 Nigerians become homeowners in 6 months

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More than 700 Nigerians have successfully transitioned from renters to homeowners within six months, following the implementation of landmark mortgage reforms spearheaded by the Federal Government through the Ministry of Finance Incorporated (MOFI).

The milestone, announced on Tuesday, marks a significant shift in Nigeria’s housing sector, which has long faced challenges including high interest rates, limited financing options, slow mortgage processing, and a housing deficit exceeding 28 million units.

Central to this transformation is the MOFI Real Estate Investment Fund (MREIF), a Securities and Exchange Commission (SEC)-registered ₦1 trillion fund designed to provide long-term, affordable mortgages to ordinary Nigerians.

The fund offers interest rates as low as 9.75 percent per annum and repayment periods of up to 20 years, making homeownership more accessible than ever.

At full utilization, MREIF aims to enable at least 12,000 Nigerians to own homes, with additional refinancing support planned through the Nigerian Mortgage Refinancing Company.

For decades, many Nigerians have been trapped in a cycle of rent payments, often described as “funding their landlord’s retirement.” Now, with MREIF, homebuyers can secure loans and move into their own homes within weeks.

Since its launch, MREIF has disbursed funds to over 700 homebuyers through 11 Eligible Financial Institutions across five regions of the country.

These institutions, licensed by the Central Bank of Nigeria and preapproved by MREIF, include Abbey Mortgage Bank, Access Bank, AG Mortgage Bank, FCMB, FHA Mortgage Bank, Gateway Mortgage Bank, Globus Bank, Homebase Mortgage Bank, Imperial Homes Mortgage Bank, Infinity Trust Mortgage Bank, Living Trust Mortgage Bank, Nigeria Police Mortgage Bank, Providus Bank, Stanbic IBTC, and Union Bank. Each mortgage represents a family moving from rent into ownership, building equity, stability, and generational wealth.

The Federal Government committed ₦150 billion under Series 1 funding, fully subscribed in December 2024, while private sector investors added another ₦100 billion under Series 2. Additional tranches could scale the fund to ₦1 trillion, ensuring long-term sustainability.

The fund is professionally managed by ARM Investment Managers, with a structure anchored in public–private collaboration to ensure affordability, transparency, and efficiency.

Wale Odutola, CEO of ARM HoldCo, said MREIF embodies the kind of partnership Nigeria has long needed—government resolve combined with private sector rigour.

He added that together with MOFI, they are laying the structural foundation for a housing sector that rewards citizens, unlocks investor confidence, and drives inclusive growth.

Beyond individual mortgages, MREIF also offers offtake guarantees to developers, encouraging new construction projects, creating jobs, and strengthening the housing supply chain. Nigerians in the diaspora now have a transparent, government-backed platform to invest in secure homeownership.

Despite challenges such as inflation, forex volatility, and high construction costs, MREIF’s long-term financing model is designed to withstand economic shocks. As more financial institutions, pension funds, and developers join the initiative, thousands more Nigerians—both at home and abroad—are expected to benefit.

The message is clear: the era of affordable homeownership has arrived in Nigeria. With Federal Government backing and private sector management, MREIF is not just a housing scheme—it is a national economic reform poised to reshape lives and communities across the country.


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5 Exciting Highlights to Expect at PodFest Naija 2025

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By Terry Kunle

Nigeria’s first-ever podcast festival is almost here, and it promises to be a cultural moment you won’t want to miss. From powerful voices to vibrant experiences, 40 storytellers, six stages, one innovation session, two live podcasts, one masterclass, the unveiling of the next big podcaster, cultural showcases, and brand activations.

Here are five reasons this first-of-its-kind festival deserves a spot on your calendar:

1. 40+ Storytellers Taking the Stage

Get ready for an incredible lineup of Nigeria’s most influential voices. From Chude Jideonwo and Seun Okinbaloye to Tunde Onakoya, Adaora Mbelu, Morayo Afolabi-Brown, Rufai Oseni, and many more, the festival brings together podcasters, creators, and cultural icons who are shaping conversations across the nation. Expect powerful storytelling, fresh perspectives, and voices that inspire.

2. Live Podcast Shows You Can Experience in Person

PodFest Naija brings your favorite shows to life. Watch live podcast recordings happen in real-time, engage with hosts and guests, and be part of the audience that shapes these conversations. It’s podcasting like you’ve never experienced before.

3. Brand Activations and Interactive Experiences

Major brands including Coca-Cola, Sterling Bank, UAC Foods, Bet9ja, Crown Flour Mills, and others are creating immersive activations throughout the venue. Explore interactive booths, participate in brand experiences, and discover how storytelling intersects with innovation and business.

4. Gifts, Freebies, and Exclusive Surprises

Who doesn’t love free stuff? PodFest Naija is packed with giveaways, freebies, and surprise gifts for attendees throughout the day. From branded merchandise to special goodies from sponsors, there’s something for everyone who shows up ready to celebrate stories.

5. A Thriving Community of Creators and Podcast Lovers

PodFest Naija isn’t just an event—it’s a movement. Connect with 1,500+ storytellers, creators, brands, and podcast enthusiasts who share your passion. Network, collaborate, and be part of a community that’s shaping the future of podcasting and storytelling in Nigeria.

Important: Free Entry, But First Come, First Served!

PodFest Naija 2025 is completely FREE to attend, but space is limited. With expected attendance of 1,500 people, you’ll need to arrive early to secure your spot at Harbour Point. If the venue reaches capacity, don’t worry—you can still join the action virtually and experience the festival from wherever you are.

PodFest Naija 2025 takes place on Friday, October 10, at Harbour Point, Victoria Island, Lagos. Don’t just hear about it, be part of the story.

Terry Kunle is the media manager, AT3 Resources


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