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Vintage Confluence LLC Pledges to Provide Customers with Exceptional Experience

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Precious Aire, Chief Executive Officer, Vintage Confluence LLC, has reaffirmed its resolve to provide exceptional customer experience in building a long-term relationship with both its existing and prospective clients.

Vintage Confluence LLC, is a web-based cryptocurrency trading platform, that has been able to explore the required technology innovations to solve the bitcoin trading problems that formed the discouragements that some prospective investors and individuals struggled with over the years.

Precious Aire, dropped this hint at a Technology Forum organized by the Nigeria Information Technology Reporters Association (NITRA) in Lagos on Thursday.

Speaking on what the Company stands for in the technology revolutionary era, through a representative, Patrick Aigbokhan, Aire said that Vintage Confluence LLC offers lightning-speed transactions taking just 10-30 minutes 24/7 in regular circumstances.

“We even could do better if we find a more efficient web hosting system”.

Speaking on the purpose of the gathering he said that the country can achieve 30℅ growth in local cloud hosting by 2024.

“Yes, it is possible with all that our speakers have unraveled here, and with the strong pens in the hands of NITRA as the driver of the industry’s vehicle.

“We can’t afford to ignore prominent issues like this at a time like this when the need for technology-driven innovations have almost become the breadth, or let me say, the live wire of business in the global village.

“To start with, what makes the global village? It is nothing other than technology innovations. And for the intentions of the global village to thrive, there is a dire need for re-iterating and addressing the adoption of Cloud hosting, which now happens to become sacrosanct in the daily movement of data usage in the present global business world”, the CEO explained.

Cloud Hosting is a type of web hosting which uses multiple different servers to balance the load and maximize uptime.

“Instead of using a single server, your website can tap into a “cluster” that uses resources from a centralized pool. This means that even if one server fails, another kicks in to keep everything running.

“This is the reason we embrace this forum because it tends to address an innovation that calls for the achievement of speedy online trades.

“I am strongly optimistic that 30℅ growth in local cloud hosting by 2024 is achievable. And when this happens, what do we expect of a company like Vintage Confluence whose dedicated service depends on the quality of network efficiency for speedy response communication to the need of our clients?

“For us at Vintage Confluence LLC, we are a leading global organization that offers solutions to Bitcoin Holders who need to sell their Bitcoins in exchange for instant cash in Nigeria & South Africa.

“We only buy Bitcoins, we don’t sell.

“Our company’s mission is to provide traders with the most comprehensive Web-based trading platform available with no hassle or verification. We are recognized as the most reliable, fastest and cheap e-currency exchanger with collective experience dating back to the origin of Bitcoin.

“No other platform offers a mix of security with convenient transparency, trust, honesty, and customer service like Vintage Confluence does.

“We have been an active leader and certified vendor in the cryptocurrency industry since 2019, Vintage Confluence has been able to provide amazing exchange rates and quick execution of payment from small orders to large orders. This platform provides a seamless interface between the trader and Vintage Confluence as its Vendor.

“Vintage Confluence LLC has been devoted to the constant revolution of the company by listening to its users and enhancing its product mix to satisfy their requirements.

The CEO pledged the Company’s commitment to providing an exceptional customer experience in building a long-term relationship with both existing and prospective clients.

Earlier in his welcome speech, the Chairman of Nigeria Information Technology Reporters’ Association (NITRA), Chike Onwuegbuchi, said that the theme: “Achieving 30% Growth In Local Cloud Hosting By 2024”, was carefully selected to enable stakeholders in the information and Communications

Technology to discuss issues that will bring growth and development to the sector.

“This edition”, he said, “we are looking at local cloud hosting a very important aspect of technological development.

“Cloud computing has been described as the greatest game changer since the creation of the internet and is one of the fastest growing areas of technology today. It can be simply defined as renting time on a computing infrastructure over the internet, rather than building your own from the ground up. In a way, it could be described as outsourcing your computer infrastructure.

“Cloud computing offers scalability and reliability that cannot be matched by a single enterprise.

“Today, we are talking of data protection. How can you protect data that is warehoused outside of our shores?

“Local cloud hosting also helps to keep our local internet traffic local as local content providers host their content in-country.

He also recalled that NITDA in 2019 launched Nigeria’s Cloud computing policy and one of the goals of this Policy is to ensure a 30% increase in adoption of cloud computing by 2024 among Federal Public Institutions (FPIs) and SMEs that provide digital-enabled services to the government.

“The policy also targets 35% growth in cloud computing investments by 2024. It is on this that we selected the theme of today’s event.

“When we are talking about local cloud hosting we can’t achieve it if we don’t patronize local datacenters; this informed the presences of datacentre operators in this discourse.

The Forum attracted industry stakeholders including corporate organisations; Nigeria Internet Registration Association (NiRA); Internet Exchange Point of Nigeria (IXPN); Cloudflex; Layer3; Vintage Confluence LLC and industry associations – ALTON, ATCON, NCS, amongst others.


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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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EFCC Re-Arraigns Echefu, TStv CEO for Allegedly Defrauding Ex-Minister of N1Bn, $1.3m

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Bright Echefu, chief executive officer, Telecom Satellites Limited (TStv), and three co‑defendants appeared before the Federal High Court in Abuja yesterday on an amended twelve‑count indictment brought by the Economic and Financial Crimes Commission (EFCC). The charges allege money laundering, tax evasion, and investment fraud involving approximately ₦1 billion and $1.3 million.

EFCC Re-Arraigns Echefu, TStv CEO for Allegedly Defrauding Ex-Minister of N1Bn, $1.3m

Bright Echefu, chief executive officer, TStv

In addition to Echefu, the defendants are TStv Executive Director, Felix Igboanuga, Telecom Satellites Limited itself, and Briechberg Investment Ltd.

According to the April 5, 2025, amended charge sheet the EFCC accuses the quartet of defrauding Mr. Tanimu Turaki, Managing Director of Kalsiyam Global and former Minister of Special Duties, alongside BYI General Limited, out of a combined investment of ₦1 billion and $1.3 million. The commission has also included a ₦66 million alleged tax default.

The revised indictment lists:

Count 2: ₦33,909,542.47 in unremitted Company Income Tax

Count 3: ₦13,519,382.00 in unremitted VAT

Count 4: ₦19,488,860.00 in unremitted PAYE

Counts 5–12: Various fraud‑related transactions, including ₦380 million from Kalsiyam Farm, ₦400 million from BYI General Ltd and $1.35 million in loans secured under false pretences.

All defendants pleaded not guilty once again. At the hearing before Justice Mohammed Umar, Echefu’s lead counsel, Senior Advocate Eyitayo Fatogun, informed the court of ongoing settlement discussions with the complainants.

“There are moves to settle this matter and there was a meeting on Saturday between myself and the Nominal Complainant as it is about investment,” Fatogun stated.

“The Defendants have paid some money and I was thinking that the matter be adjourned for report of settlement.”

EFCC counsel A.S. Tomwell confirmed receipt of those payments but emphasized the necessity of entering a plea before considering any adjournment. The court thus ordered the formal reading of the charges and adjourned the trial to October 15, 2025.


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More Woes for MultiChoice as Ghana Orders 30% Price Cut

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The government of Ghana has ordered MultiChoice Ghana to reduce DSTV subscription costs by 30%, noting the significant appreciation of local currency and growing dissatisfaction with current rates.

This comes as Nigeria Data Protection Commission (NDPC) has fined MultiChoice Nigeria ₦766,242,500 for breaching the Nigeria Data Protection Act (NDPA).

According to Mr Babatunde Bamigboye, head Legal, Enforcement & Regulations, NDPC, the investigation, which commenced in the second quarter of 2024, was triggered by suspected breach of privacy rights of Multichoice subscribers and illegal cross-border transfer of personal data of Nigerians.

MultiChoice, which operates across Africa, continues to lose revenue and subscribers.

Ghana’s minister of communication, digital technology, and innovation, Samuel Nartey George, made the call last week during a meeting with a DSTV team led by Dr. Keabetswe Modimoeng, group executive for regulatory and corporate affairs.

According to a ministry statement, George said the government’s responsibility is to respond to Ghanaians’ concerns over high DSTV pricing and outdated content offers.

The Minister pointed out that despite a 30% increase in the cedi’s value over the past five months; DSTV prices have not reflected the positive economic trend.

‎The statement went on to say the minister is therefore calling for a 30% price reduction to match the cedi’s appreciation and to pass on economic benefits to consumers.

According to the statement, while MultiChoice has implemented promotional packages, people prefer a direct price reduction over temporary discounts.

George said feedback from public engagements revealed that many users are dissatisfied with DSTV’s content, describing it as outdated save for Premier League football. They also believe that the current cost is not justified.

‎”To address the concerns, he said MultiChoice Ghana has until July 21 to formally respond to the government’s request. The Minister expects a concrete proposal by this date, allowing time for further engagement before the end of July,” the statement said.

‎In response, Dr. Modimoeng acknowledged the government’s concerns and expressed gratitude for the opportunity to dialogue.

The MultiChoice team reacted positively to the minister’s request and committed to provide input by July 21st. They emphasised the need of balancing public interest and business sustainability.

This is the continent’s latest pricing conundrum for the pan-African pay-TV business, following fee disputes with Nigerian and Malawian authorities.

In Ghana, the demand for price cuts comes as MultiChoice is under pressure, having lost revenue and subscribers in the financial year that ended March 31, 2025. Last month, the company announced its financial year-end results.

In a statement to shareholders last month on the Stock Exchange News Service, the company said the past two financial years have been a period of significant financial disruption for economies, corporates and consumers across Sub-Saharan Africa due to challenging macro-economic factors.

Combined with the impact of structural industry changes in video entertainment, such as the rise of piracy, streaming services and social media, this has materially affected the overall performance of the MultiChoice Group, it noted.

Over this period, MultiChoice said the group lost 2.8 million active linear subscribers and had to absorb a R10.2 billion negative impact on its top line due to local currency depreciation against the US dollar.

For the year, the company reveals that linear subscribers were down 1.2 million, or 8% year-on-year, to 14.5 million active subscribers, with the loss evenly split between South African (600 000) and rest of Africa (600 000).

 


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NDPC Slaps Multichoice with ₦766M Fine for Data Privacy Violations

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Nigeria Data Protection Commission (NDPC) has fined MultiChoice Nigeria ₦766,242,500 for breaching the Nigeria Data Protection Act (NDPA).

NDPC Slaps Multichoice with ₦766M Fine for Data Privacy Violations

NDPC is a public institution that processes data in furtherance of its mandate as Nigeria’s data protection authority and relies on recognised lawful bases for data processing, such as consent, legal obligation, and contract.

The fine was contained in a statement signed by Mr Babatunde Bamigboye, head Legal, Enforcement & Regulations, NDPC.

According to him, the investigation, which commenced in the second quarter of 2024, was triggered by suspected breach of privacy rights of Multichoice subscribers and illegal cross-border transfer of personal data of Nigerians.

“The NDPC found, among others, that Multichoice violated the data privacy rights of subscribers and their friends who are not necessarily subscribers.

The Commission also found that Multichoice carries out illegal cross-border transfer of personal data relating to data subjects in Nigeria.

The depth of data processing by Multichoice is patently intrusive, unfair, unnecessary, and disproportionate.

This is a grave affront to fundamental right to privacy as enshrined in Section 37 of the 1999 Constitution of the Federal Republic of Nigeria.

In line with its standard remediation procedure, the Commission directed Multichoice to carry out appropriate remedial measures.

However, the Commission found the measures undertaken by Multichoice in this regard unsatisfactory.

For want of cooperation, the Commission has directed Multichoice to pay ₦766,242,500 for violating the Nigerian Data Protection Act.

“Nigeria is entitled to protect her citizens and data sovereignty under both international and extant municipal laws, as these have far-reaching implication for rule of law, national security, and economic growth.” the statement said.

Babatunde also revealed that, Vincent Olatunji, national Commissioner, NDPC, has directed that all outlets through which Multichoice is collecting personal data of Nigerian citizens should be investigated for non-compliance.

He added that any outlet that processes personal data in violation of the NDP Act is liable to penalty under the Act.

 


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