Slot Unveils Slot.ng, App & Controls 48% Nigeria Phone Retail Market

Slot Systems Limited, pilot gamzix a household identify for affordable and and durable cellphones in Nigeria has upped the sport in telephone gross sales with slot.ng webpage and Mobile app.

According to Slot programs, the gesture falls according to its vision to bridge information gap in the worldwide info know-how (phone sales, specifications, prices, and many others.) with emphasis in Nigeria market.

Meanwhile, a GFK report for the organised smartphone market share tipped Slot as controls the 48% share in 2014.

Speaking at the web site and app unveiling in Lagos on Thursday, Engineer Nnamdi Ezeigbo, group managing director, Slot Systems Limited, mentioned that as an indigenous company with penchant interest in offering finest providers to its clients, they decided to carry their services even closer to the individuals by online channels.

Ezeigbo mentioned that Slot has rigorously studied the peculiar life style of Nigerians, which has helped them in designing totally different products they have rolled out in the past.

He said that the web platforms would allow them "bring our 50 retails stores to your doorsteps, your workplace, home, even at your fingertips".

Aside the web platforms, Slot launched Trade-in and Screen Insurance programmes for the purchasers.

This, the Group MD stated, "With the Screen Insurance, you may insure your cellphone screen with just 5%. Do you understand how a lot it prices to exchange your phone screen? It’s alarming! That is because of the price of producing the cellphone or pill display screen. But we've the solution at Slot.

"Also, we brought one other thrilling offer, the Trade-In. This is one other value add to the esteem prospects and the whole Nigerian prospects. You can now trade-in your previous cellphone for a brand new one irrespective of where you bought it," he stated.

Speaking superficially on the newly launched online platforms, Ezeigbo said, "For us, it's about service that's efficient. It’s about value with emphasis on price saving. This is the fitting time to go surfing; the time when about 16% of Nigerians are having access to the web with about 38% of them as active customers. That is more and more turning into interesting.

"Over the years, we've got contributed immensely to the growth of the smartphone market by making smartphone accessible and at inexpensive prices.

"From the GFK reviews for the organised smartphone market share, our market share is 48% for 2014. We have now grown in size and power with over seven hundred Nigerians working with the Company"

He declared the Company’s unrelenting desires to bringing good providers, cost saving initiatives and provide purchasing experience whether or not offline or online.

Also talking, Mrs. Nkechi Ezeigbo, group executive director, Slot Systems Limited, said that the Company’s relationship with the telcos and Original Equipment Manufacturers (OEMs) will be to one of the best interest of the shoppers.

"As an indigenous Company, we don’t just promote telephones, we offer first class after-gross sales help that is incomparable in any Western African info technology sector".

Mrs. Ezeigbo famous that over the years, Slot has been the primary to announce the availability of latest phones, new capabilities, features and upgrades in the Nigerian telephone market.

Slot System limited was included in 1998 and began importation of laptop accessories the same 12 months.

As a visionary company, it switched over to cellular telecommunication companies in 2001 and has remained the toast of global brands like MTN, Airtel, Glo, Etisalat, Nokia (now Lumia), Samsung, BlackBerry, Tecno, Apple Huawei, LG, amongst others.

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Nigeria CommunicationsWeek believes that know-how makes life more thrilling and helps improve the lives of people around Nigeria and certainly the world. So since 2007, we've devoted our vitality to independent reportage of technology and how they affect lives.

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Nigeria, Others Vital in Recovery of €2m from Organised Crime Syndicate - INTERPOL

Ahmed Naser Al-Raisi, president of the International Criminal Police Organisation (INTERPOL), has said that Nigeria, as well as sure West African nations, have been crucial within the recovery of over € 2 million linked to several organised crime syndicates internationally.

Ahmed Naser Al-Raisi, president, INTERPOL

Al-Raisi made this recognized on Monday on the 4th edition of the Conference and Retreat of Senior Police Officers at Owerri in Imo state.

The INTERPOL crackdown tagged "Operation Jackal" organised between 15 and 29 May, 2023 mobilised police forces, monetary crime models, and cybercrime agencies across 21 countries all over the world to ship a focused strike towards Black Axe and comparable West African organized crime teams.

"Operation Jackal which occurred in May of this year tackled West African based organsised crime groups like Black Axe to get better over 2 million Euros," he stated.

He additionally acknowledged that greater than 200 bank accounts linked to the illicit proceeds of online financial crime have been blocked throughout the operation and a number of other kingpins arrested whose crime networks are thought of a critical international security menace.

In response to the safety chief, Nigeria’s strategic position has been a hotbed for crime syndicates seeking to expand their domain.

"Nigeria’s geostrategic location has attracted organised criminal teams who typically snuggle illicit items, who often use Nigeria as a stepping stone to achieve other continents."

Speaking further on Nigeria’s integral half in foiling criminal activities across the continent, Al-Raisi stated human smuggling rings in West Africa have been neutralized and lots of of migrants have been rescued while over 1009 arrests have been made worldwide.

Food Prices Rose to 26.76 Per Cent in September - NBS

National Bureau of Statistics has stated the costs of meals objects such as beef, rice, beans, onion, yam, and others increased in September.

This was disclosed in its Selected Food Prices Watch report for September 2023 launched in Abuja on Monday, October 30.

The report stated that the common value of 1kg of boneless beef increased by 28.08 percent from N2,199.37 recorded in September 2022 to N2,816.91 in September 2023.

"On a month-on-month basis, 1kg of boneless beef elevated by 0.Sixty two per cent in September from the N2,799.Fifty one recorded in August 2023,’’ the report said.

It mentioned that the typical value of 1kg of local rice increased by 60.Fifty nine per cent on a 12 months-on-year basis, from N471.42 in September 2022 to N757.06 in September 2023.

"On a month-on-month basis, 1kg of local rice increased by 2.48 per cent from the N738.74 recorded in August 2023.’’

It was revealed that the typical value of 1kg of brown beans increased by 28.76 p.c on a 12 months-on-12 months foundation from N556.Eighty one in September 2022 to N716.97 in September 2023.

"On a month-on-month basis, the worth increased by 3.47 per cent from the N692.95 recorded in August 2023 to N716.97 in September 2023.’’

The NBS mentioned the common price of 1kg of Onion bulb rose by 29.Eighty one per cent on a 12 months-on-year basis from N397.18 in September 2022 to N515.Fifty nine in September 2023.

"On a month-on-month foundation, the value elevated by 0.45per cent from N513.29 recorded in August 2023.’’

The report mentioned that the typical price of 1kg of Yam tuber increased by 45.11 per cent on a yr-on-12 months basis from N409.23 in September 2022 to N593.83 in September 2023.

"On a month-on-month basis, 1kg of yam tuber elevated by 3.03 per cent from the recorded N576.39 in August 2023.’’

On state profile evaluation, the report confirmed that the highest average price of 1kg of boneless beef was recorded in Anambra at N3,800.42, while the bottom worth was recorded in Kogi at N1,845.29.

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Nigerians Lose N89.4Bn as BBHTV, Ponzi Scheme Collapses

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Over 2. 7 million Nigerians have reportedly misplaced some N89.Four billion to BBHTV, a Ponzi scheme after Federal Inland Revenue Service (FIRS) froze its accounts.

For the 5 months it lasted, about 2. 7 million Nigerians, who are now victims, thought-about themselves most lucky.

In keeping with New Telegraph, the victims probably believed God, in His mercies, despatched down BBHTV from heaven to mitigate pains inflicted on them by the current excruciating nationwide economic disaster. For sitting down at house, watching videos (described as a performance of Task), they were earning fabulous amounts of money day by day, in line with the member’s (additionally referred to as employee) degree.

There were mouthwatering bonuses upon bonuses, a pattern that may have produced many millionaires in a 12 months but for the crash of the scheme final week.

As reported by New Telegraph, with the announcement last week that every one its accounts have been frozen, BBHTV, which sneaked into the life of Nigerians as a lifesaving interventionist programme at a time of economic crisis, would go down in history because the second biggest scam in Nigeria after the MMM Ponzi Scheme, which crashed in 2017.

The newest improvement, which the victims stated unknown to them was a Ponzi Scheme, has left over 2.7 million Nigerians losing billion of naira few days ago after the company, BBHTV’ announced to the victims (who it called staff) that the Federal Inland Revenue Service has frozen its accounts over problems with payment of private Income Tax.

The said frozen account, in line with the faceless operators, holds a whopping sum of N89.4 billion. An worker, who mentioned his private loss was N1.5 million, stated: "I have been seriously down since this happened. I lastly completed my therapy in the present day(Wednesday). I'm damaged not due to the money I lost but the people I convinced to join BBHTV. As it is, I'm on the lookout for cash to pay some money back to them, even if a widow in my area is concerned as a result of I thought I used to be serving to her not understanding that I'm going to cause more issues to her."

Rev. Dr. Peter Ejemurua, who mobilized over 800 members of his church to hitch the group and is nicely regarded in the BBHTV mentioned; "It is so unlucky that this has occurred. My name is being slandered when I’m innocent….We saw that this job seemed legit and i introduced my family and church members and paid for them, so we all could benefit. As I used to be withdrawing, I did my finest to improve them and myself.

In fact, I simply upgraded to P8 with the money I had left before this complete thing occurred. "I have learn all the insults and backlash- es coming from folks and i take them in good faith. I have lost vastly however I know the wicked won't go free. I'm a Servant of God and I have been in ministry for over 50 years. Soon, I’ll be eighty and can always stand for the truth!" A certain Chidiebere, who is one of the admins stated: "A lot of you might be considering that I'm considered one of them however I am a victim too.

"I refused to talk as a result of it got here as a shock to me. Actually, this is my first time involving myself in online enterprise. I know there may be real online companies. After i saw BBH, I thought I had discovered it. "Based on the enterprise discussion I had with Serena, who's accountable for the UK certificate registration, the steps taken by certainly one of us for Nigeria CAC registration, the opening of twenty-two offices, I believed it was actual and genuine. "I resigned from work to do this BBH due to the assurance and the way satisfied I used to be.

"It was going easily and got sweeter when rewards and subsidies were launched. "A lot of individuals wouldn’t have misplaced much if not for upgrades and subsidies. Wallet was promising and everybody was happy. Until it all of a sudden obtained so far of tax fee."

BBHTV or BBH Films Nigeria restricted

A Google search on BBHTV showed that the company was registered as BBH Films Nigeria Limited, which is an arm of the BBH Global, a London based firm.

It claims to have an energetic on-line presence, exhibiting what it does and how one can be part of it.

How-ever, it introduces itself as a web based business company, which has strong profitability and a complete industrial chain. It says that its worker-centered philosophy helps Nigeria folks get out of life’s difficulties.

The faceless operators (no verifiable or private contact in Nigeria, Serena, the Hiring Manager has a overseas cellphone line) who introduced the corporate to Nigeria, also claimed that the company is an arm of the BBH Global, the UK Company. BBH Films Nigeria Limited was integrated in Nigeria three months ago, in line with info on the company’s site. However, indications were that the corporate was by no means registered with the corporate Affairs Commission (CAC) as Dr. Peter Ejeruma, who was imagined to handle their CAC registration was advised to suspend it when they introduced the freezing of its accounts.

BBH Tv and its ‘employees’ (depositors)

On the platforms used to attract Nigerians to join the scheme, the corporate claimed that it does not depend on people’s deposits to make profit. Its earnings, according to the Hiring Manager (aka Serena), come from promotion charges paid by film and television corporations around the world.

"We use this profit to pay our workers," she stated. They claimed that the company was arrange by three associates in the United Kingdom in 2018.

They added that it is world-renowned for its artistic and environment friendly promoting agency; based mostly in enterprise centres of major cities.

They further claimed that throughout the five months, it has been in Nigeria, it has created partnerships with major overseas movie corporations and urged the ‘employees’ to cooperate with the corporate by completing their duties successfully to earn good income to raised the plenty of their households.

They cautioned staff that to make cash in BBH, you need to work, relatively than investing. But in another breath, the employees had been offered with different investment choices to earn bonuses and for upgrades.

In their final September meeting, Serena claimed that they have already exhausted N12.36 billion in the first round of ‘special funds’, and remaining particular funds were about N2.6 billion, saying that the special funds used to perform recruitment activities are restricted.

She urged members to actively participate in the actions organized by the company and create revenue for themselves.

However, throughout their October 1st assembly, a sure Alice, who says she is the Assistant to Mr. Williams Jonah, regional marketing manager, West Africa, stated with support from their BBH UK Headquarters, by means of preferential actions and recruitment actions, the company’s on-line staff have exceeded 2.7 million.

It noted that the ‘success of many members stems from their unremitting efforts. They dare to face difficulties, challenge themselves, know the way to integrate resources, and develop their very own recruitment ideas. This is the prerequisite for his or her success." She urged members to point out their talent in BBH, totally show their abilities, move for- ward towards their goals and lead a successful life, saying, "it is hoped that all workers can actively take part within the activities carried out by the corporate and create more income for themselves."

The content material of the actions the staff are required to take part in are as follows: P-stage (common employee) invites A-stage subordinates to develop into P-stage: "If you invite an A-stage subordinate to grow to be P2, an A-level subordinate to grow to be P3, an A-degree subordinate to change into P4, an A-stage subordinate to turn into P5, an A-level subordinate to grow to be P6, and an A-level subordinate to become P7.

Interns grow to be P-degree regular staff are as follows: If an intern becomes an everyday worker P2, an intern becomes a regular worker P3, an intern turns into an everyday worker P4, an intern turns into a regular employee P5, an intern turns into an everyday worker P6, and an intern becomes a regular worker P7. There is also a special subsidy successful improve to P3 stage, improve to P4 level, upgrade to P5 stage, improve to P6 stage and improve to P7 degree. The person invited or upgraded pays security deposits while the corporate in turn pays the particular person.

Deposits and bonuses

The deposits and bonuses are as follows: Deposit N10, 000 PinBridge Global Fund to get further 21 p.c bonus; N50, 000 PineBridge Global Fund to get an additional 23 percent bonus; N500, 000 PineBridge Global Fund to get a further 27 per cent bonus; N1, 000,000 PineBridge Global Fund and get 29 per cent bonus, and N2, 000,000 PineBridge Global Fund to get a further 31 p.c bonus.

Giving further insight on the mouthwatering incentives BBH Tv put in place for an investor, Serena said: "There is not any battle between event rewards and invitation rewards.

For instance, if you're a P4 and invite P4 during the current event interval, then you will get N30, 240 invitation rewards, N100, 800 occasion rewards, one fortunate draw (mini- mum N1,777) and every day activity management bonus.

Then, your revenue for inviting P4 is: invitation reward N30,240 + Event reward N100, 800+ draw N1,777=N132,817. And day by day process administration reward N450, except for the investment money There are other funding options.

For example, if you happen to deposit N1, 000, 000 within the wealth fund for 30 days, the interest charge is 1.5 per cent. The calculation methodology is N1, 000, 000 multiplied by 1.5 per cent+N1,500 (the revenue you will get everyday).

After 30 days, you will receive the principal + interest = N1, 450, 000, the time restrict of the wealth fund after maturity your principal +interest will probably be returned to your BBH account, and you'll withdraw cash at any time.

The suspended NLC/TUC strike: Suspension of withdrawals for 7 days

Until the announcement of the recently suspended NLC/TUC nationwide strike which might have began on October 1, every thing was going on well; people were incomes their bonuses and several other other incentives and had been making their withdrawals seamlessly, just as soon as in per week. Your day of withdrawal is dependent upon the extent to belong to. Sequel to the strike risk, the company announced a 7-day ‘holiday’.

During this interval, ‘employees’ could not withdraw their cash but continued with those activities that deliver income into the coffers of the corporate, like recruitment of new members and making payments into the account of the corporate. Serena said: "Since October 1st to October seventh is a national vacation in Nigeria, throughout the period, BBH Nigeria subsidiaries: Marketing, Department, Finance Department, Ministry of Justice, and all employees could have a holiday.

"The total business recruitment department will continue as regular. When you've got any questions about daily duties, recruitment, upgrades and other business, you may contact the recruitment supervisor for session. "Also, the recharge enterprise is operating usually. During this interval, all recharges will probably be routinely reviewed by the BBH’s intelligent AI. In case your recharge is successful, your cash will automatically arrive within the BBH account.

"Because the local financial firm in Nigeria entrusted by the BBH Company is on holiday, due to this fact, BBH’s monetary department will also have a holiday and the withdrawal enterprise will likely be temporarily suspended during the holiday. The holiday will end on October 6 and the financial division may even return to normal," they introduced. The strike was cancelled by the Labour Unions however the withdrawal order stayed. ‘Employees have been to begin withdrawing on October 8th.

Rumours of collapse

Alice, who always speaks on behalf of Williams Jonah, had famous that some employees had reported to the corporate that they have been dreading the holiday week and felt overwhelmed by the lengthy break.

"There are also some excited staff who spread remours about BBHTV, such as: BBH goes to collapse, BBH is a rip-off, and so on. "BBH won't collapse. BBH doesn't rely on people’s deposits to make profits.

BBH’s profits come from promotional fees paid by movie and television corporations around the globe. We use the profit to pay our staff. BBH is a formal business firm. Since BBH entered the Nigerian market, the financial statements of BBH’s Nigerian subsidiary have been rising every month," she stated. In response to Alice, after making profits, BBH uses part of the profit to perform incentive actions for all workers to assist employees earn more earnings in the company.

"All employees are requested to respect the corporate. Do not consider the rumours spread, and firmly imagine in our company, just as the company respects its staff. In the times to return, we'll proceed to develop with the company and get all the things we wish in BBH. "The arrival of a brand new month means the beginning of a brand new challenge.

In the next time period, in order to maintain sooner and more practical completion of order of duties inside the scheduled time, the company headquarters will allocate N7 billion special funds for recruitment actions. I hope everyone will actively take part within the activities organised by the company and create extra revenue for themselves. Make a bigger distinction for your family," Alice said.

The wealth fund added a brand new product tagged "Baring Fund" which it stated is for a restricted time, with a set deposit period of 7 days. The every day revenue fee is 2.5 per cent, and the entire profit in 7 days is 17.5 percent of the principal. The purchase time period is from October 5, 2023 to October 8, 2023, a time that coincided with the interval of no withdrawal. After the acquisition time restrict is exceeded, "Baring Fund" products will not be purchased again.

Baring Fund over subscribed

As if the plan was to lock up employees’ money in their possession and get them to usher in contemporary funds, the Baring fund was announced.

However, the corporate in a discover on October 5 (whereas the no withdrawal order was in pressure), disclosed that as a result of excessive variety of buyers of the brand new wealth fund, all fund shares have been snapped up. Baring Fund will no longer have the ability to make purchases.

Network difficulty hampered withdrawal after ‘holiday’

Most staff had issue withdrawing after the one-week vacation on Monday; the corporate blamed it on community improve.

But whereas that problem subsists, Mr. Williams Jonah gave discover of no work on Tuesday eleven for all workers.

He disclosed that during that one-day ‘holiday, the company’s business negotiations, conferences, withdrawal enterprise are fully suspended but film viewing duties can continue to be accomplished during holidays.

The implication is that those in ranges P3, P4 and P5 would have been denied their one- day every week withdrawal rights for two weeks. Lamenting the scenario, one vocal employee mentioned that it means "who withdraw on Tuesday can not be capable of withdraw this week in any respect, whilst those who withdraw on Mondays were not able to withdraw because of the withdrawal challenges…two weeks gone for them."

Another worker in frustration posted on their group whatsapp chat: "As they’re taking us unaware, they’re supposed to make changes for withdrawal, both P3 to withdraw with P1 and P2 and the rest with P5 and P6. This isn't encouraging in any respect. There was no withdrawal last week and this week that folks hope to get their cash, you are denying them again."

In a move to douse that tension, the corporate as ordinary introduced that so as to have a good time the company’s anniversary, its senior administration has allotted further N10 billion special fund from the headquarters to repay the help and trust of all the employees, so that all employees can enjoy the joy and benefits of the anniversary. There will also be double earnings for all levels on their job, beginning from twelfth to 15th.

The bubble bursts

From October 14, workers were experiencing serious problem withdrawing their monies from the BBH Tv platform, while they were being given assurances that the situation would enhance. On October 20, the Hiring Manager, simply referred to as Serena announced that "Received notification from the executives of the corporate indicate that there is involvement of the Federal Inland Revenue Service (FIRS) in the investigation of BBH Tv enterprise transactions and funds.

All requests for salary transfers from native financial firms in Nigeria entrusted by BBH Tv to all employees have been rejected by the bank." In keeping with her, the company is actively speaking to FIRS to deal with the matter. "If there may be any newest news, I will announce it in the BBH Discussion Group," she said. Mr. Willams Jonah introduced the plan reached between the corporate and the FIRS.

He disclosed that FIRS has frozen all the funds of BBH Tv native monetary firm in Nigeria on the grounds that the corporate needs to pay Personal Income Tax for its enterprise actions. He claimed that FIRS required all workers of BBH Tv to pay Personal Income Tax. "When that is paid, the frozen N89.4 billion funds in the BBH Tv account can be unfrozen," Mr. Jonah further claimed.

But, the Special Assistant on Media to the Chairman of Federal Inland Revenue Service, Dare Adekanbi, advised Sunday Telegraph: "Our response is that it is unethical for FIRS to launch information about taxpayers to the public. Therefore our response is no remark." But sources near the agency advised our correspondent that FIRS doesn't accumulate Personal Income Tax and subsequently couldn't have frozen the company’s account over that matter.

Notice of Tax Payment

The Hiring Manager posted the discover on the BBH Discussion Group. In keeping with the notice, FIRS requires that all present employees of BBH Tv must pay their Income Tax. Serena disclosed that after session between the company and FIRS, it was agreed that all the workers of the BBH Tv must pay 25 per cent of their deposit amount within the BBH fund. The remaining taxes to be paid might be borne by BBH Tv. Currently, all the employees need to pay tax based mostly on the safety deposit for their current stage. There are nine ranges, other than the Intern.

25 percent of P1’s deposit is N3,750; P2-N7,500; P3-N21,00; P4-63,000; P5-N162,500; P6-N390,00; P7-N1,200,000; P8- N2,400,000 and P9-6,000,00. All taxes in accordance with Serena might be paid by BBH on behalf of the staff. She stated after the tax fee is completed, the N89.4 billion allegedly frozen by FIRS will probably be unfrozen within one working day when staff who have successfully paid their private earnings tax can initiate a withdrawal software instantly.

"You will efficiently obtain reputable income earned at the BBH. After funds are unfrozen, all ranges can withdraw on all days (together with Saturdays and Sundays). Serena gave the employees 4 hours, from the time of the announcement to complete the payment online on the BBH platform. Anyone who failed to finish the fee course of within the period, it will likely be deemed as a voluntary surrender of one’s margin and funds in the BBH account. "Your deposit and funds will be surrendered to the FIRS.

Your BBH work account will even be locked." Serena stated. To add salt on harm, she mentioned that BBH Wallet steadiness can't be taxed as a result of all funds of BBH Tv are presently frozen. "You have to make a deposit into the employees’ BBH account and ship the transfer receipt to the Hiring Manager for verification.