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Be Your Brand And Recommend Yourself in your Absence

By
Ndubuisi Ekekwe
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0

A great conversation today on visibility and invisibility of business leaders and their companies. As I noted, you must find what works for you. Without visibility, one of the Kardashians might not have built KKR Beauty which she grew to $1 billion before Coty Inc came along. Her market was her social media handles; she outsourced manufacturing and logistics. 

Young People, get this from me: the most important factor today in the digital era is not Supply of products. Yes, there is nothing in the market, people do not have options. The most catalytic element in the market is the ability to influence DEMAND. What does that mean? In the golden era of newspapers, Supply of news was controlled by publishers and editors. And to reach readers, you needed to compete for the small print space in newspapers. In that space, the newspapers influenced demand, and advertisers paid huge money in order  to reach those readers.

But in this area, Supply of news is unbounded and unconstrained since anywhere you go, there is a channel to consume news. So, the real issue now is no more who supplies news but who makes it manageable (i.e. aggregate or filter) for people to pick the right ones. That is where Google, Facebook, LinkedIn, Twitter, etc become the lords. Magically, power moves to them and advertisers follow their commands, crippling the old business models of the newspapers.

If you extrapolate that, you will notice that you have a higher chance of getting a new job if you have professional articles on Linkedin on that subject matter than someone who has no digital footprint. It is the same thing when people work in companies and hope that their work will just speak for them, even if they make no effort to tell them about their work.

Humans Talk, Not Work

Humans talk; work does not! Make humans know what you are doing. Yes, until humans know what you are doing, none will recommend you in your absence. And there is no career which can advance if it cannot get some recommendations in absence.

For founders: when you promote your product, do not be ashamed. If you believe your product is the best, you are serving society by making sure people know the best product out there. If you do not do that, you are depriving humans the opportunity to use the best product. That is why I promote Tekedia Mini-MBA, Tekedia Capital, Fasmicro Intel partnership,  etc because those are the best. Period.

Think about this: if Ndubuisi Ekekwe does not do just that, I am not fair to people who are not aware of our services. Rethink your position as a business leader; it is not just a title; you are the chief marketing officer, chief product officer, despite other people who may have those titles in the firm.

Tell us what you do. You can do it and must not hire a PR machine. For me, I run a business school which attracts more students than any university in Africa!

Comment on Feed

Comment 1: Your insight is as accurate as it is brilliant. America is a society that is given to hyperbole, possibly because of the cut throat competition that is an inbred characteristic of capitalism. Even at that, as Ndubuisi Ekekwe subterraneanly suggests, you will be addressed the way you elect to address yourself. No one can, or will, for that matter, market you as well as yourself. The world is under no obligation to burnish a brand that even you do not appear particularly enthusiastic about buffing. Nothing is to be gained by making yourself look small, other than to manifest smallness in your life. To indulge in ineffectual grandstanding, in order to exhibit a humility which you probably do not even remotely feel, is to curry a potential client’s instant devaluation of his conceptual estimation of you. Thank you, I will advise the young artist accordingly.

Comment 2: ?! Learn first to be your own best advocate before expecting others to do the same for you. Ensure you are seen and heard. No matter how “fantastic” your work is, it’s only a small part in the equation. We should deliver, but also pride ourselves on it and let it be known (chest pump!) when opportunities arise. Create opportunities to show and introduce yourself. Visibility, image, advocacy matter more!!

How To Register A Licensed Private Security Guard Company In Nigeria

By
Emmanuel Ifeanyi Ogbuka
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0

Private Guard Companies are engaged mainly in the provision of security guard services for private individuals and companies and are in fact subject to a wide range of regulatory provisions.

Private guard services have proven to be one of the fastest rising business niches in Nigeria, prompting the need for more detailed regulatory oversight.

This article will be looking at how to set up a licensed private guard company in Nigeria and provisions of the regulatory framework governing such companies in Nigeria.

Can any individual or organisation engage in private guard services in Nigeria?

No individual or organization shall perform the service or guarding, patrolling or carrying of money for the purpose of providing protection against crime unless the organization concerned :-

– Is a registered company.

– Has applied for & has been granted a license to do so.

Which agency is in charge of regulating private guard companies in Nigeria?

Private guard companies in Nigeria are licensed & regulated by the Federal Ministry of The Interior through the Nigerian Security & Civil Defence Corps (NSCDC).

What is the nature of licenses given to private guard companies in Nigeria?

– Private guard company licensing is valid for 2 years from the date of issue before requiring renewal.

– Any such license shall specify the number of offices, branches or other places of business which the  company is permitted to maintain.

– A license may be suspended or revoked by the interior minister at any time he is satisfied that such company is unsuitable to hold such license.

How many directors are required for private guard companies in Nigeria?

Private guard companies are required to have 3 (Three) directors, one of who should be a retired military or paramilitary personnel from the rank of major or commissioner.

How many foreign directors are allowed for private guard companies in Nigeria?

Foreigners are not permitted to be directors in Nigerian private guard companies.

What is the minimum share capital for private guard companies in Nigeria?

Private guard companies are required to have a minimum share capital of 10 Million Naira.

What are the requirements for private guard company licensing in Nigeria?

– An application to the NSCDC.

– Copies of the applicant company’s Certificate of Incorporation and Memorandum and Articles of Association (MEMART).

– A Letter from a legal adviser.

– A letter from the applicant’s bankers and auditors.

– A proposed guard training program.

– A proposed salary structure.

– Veterinary certificates (where animals such as dogs are to be employed by the company).

– Eight (8) passport photos of each director.

– An application fee of 500 Thousand Naira.

– Tax clearance certificate.

What are the license categories for private guard companies in Nigeria?

Category A

– This license allows for having more than 3,000 guards

– Carries a license fee of 3 Million Naira

Category B

– This license category allows for the employment of no more than 3,000 guards.

– Carries a license fee of 2 Million Naira. 

What are the activities classified as prohibited for private guard companies?

– Acting as debt collectors.

– Acting as police officers.

– Using the expression “private detective”

– Divulging confidential information acquired in the course of employment under this act.

– Using or deploying guards wearing uniforms resembling those of military or paramilitary personnel of Nigeria.

Kiranjit Ahluwalia; Defense for Domestic Abuse

By
Stanley Alieke
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0

Kiranjit Ahluwalia, an Indian woman residing in the UK with her husband was serially abused and sexually molested by her husband for a continuous period of ten years until she was no longer able to take it and decided to burn the husband to death in 1989. 

Through this case of Kiranjit Ahluwalia, the court was able to set the law in motion subsequently leading to the passing of the law stating that marital rape is statutory rape. This means that a husband who forced himself on his wife thereby having sex with her without her consent can be prosecuted for rape and the same goes for a wife that forces herself on the husband.

After Kiranjit Ahluwalia set her husband ablaze thereby burning him to death, She was subsequently arrested and charged with murder but she raised the defense of provocation claiming that her husband had abused her for the past 10 years thereby “raising the possibility of a slow-burn anger that led to her snapping and setting her husband ablaze”. This defense failed and she was convicted of murder but on appeal, the judgment was reversed and the conviction for murder was swapped to a conviction for manslaughter, although the reversal of the judgment was not based on her defense of provocation or slow burn of anger but on other reasons. 

This case has remained one of the notable cases in English jurisprudence, it has gained popularity from the fact that the defendant is said to have been serially abused by the partner until she couldn’t take it anymore and retaliated thereby burning him to death. Some persons have argued using this case as a basis that accumulated anger or grievance is enough ground to raise the defense of provocation and that an abusive husband deserves whatever he gets in return.

This case also gained popularity by the reason of some lawyers using it as a judicial precedent for marital rape. Through this case, the court acknowledged the fact that a spouse can rape his or her spouse even when they are statutorily married. The old rule was that once you are married to a spouse, he or she can have sex with you any time even if you consent to it or not, but through this case, the new rule of marital rape got a judicial acknowledgement. A year after this case, marital rape was declared rape in England in 1991.

President Biden to ask congress for $100 billion in funding for Ukraine and Israel

By
Paul Ugbede Godwin
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0

In a major foreign policy move, President Joe Biden announced on Wednesday that he will ask Congress to approve $100 billion in additional funding for Ukraine and Israel, two key allies facing security threats.

The president said that the funding will help bolster the defense capabilities of both countries, as well as support their economic development and democratic reforms. He also said that the funding will send a clear message to the adversaries of the United States and its allies that they will not tolerate any aggression or interference in their sovereignty.

The president’s announcement comes amid escalating tensions in Eastern Europe and the Middle East, where Russia and Iran have been accused of pursuing destabilizing actions and violating international norms. In recent weeks, Russia has amassed tens of thousands of troops near the border with Ukraine, raising fears of a possible invasion or annexation of parts of the country.

Meanwhile, Iran has continued to enrich uranium beyond the limits set by the 2015 nuclear deal, which the United States withdrew from in 2018 under former President Donald Trump.

The president said that he has been in close consultation with the leaders of Ukraine and Israel, as well as other allies and partners in Europe and the region, to coordinate a unified response to the challenges posed by Russia and Iran. He also said that he has been in dialogue with the leaders of Russia and Iran, urging them to de-escalate the situation and respect the international rules-based order.

The president stressed that the United States remains committed to diplomacy and dialogue, but also to defending its interests and values, as well as those of its allies and partners. He said that the proposed funding for Ukraine and Israel is not only a matter of security, but also of solidarity and shared values.

President Biden’s proposal is expected to face opposition from some members of Congress, who may question the need, cost, and effectiveness of such a large aid package. Some critics may also argue that the funding would escalate the tensions in the region, rather than reduce them. However, President Biden said that he is confident that he can persuade Congress to approve his request, saying that “this is not a partisan issue, but a national security issue”. He said that he will work with both parties to ensure that the funding is approved as soon as possible.

President Biden’s announcement has been welcomed by Ukraine and Israel, who expressed their gratitude and appreciation for the U.S. support. Both countries said that they share the same vision of a free, prosperous, and peaceful region, and that they are ready to cooperate with the U.S. and other allies to achieve it. They also said that they are willing to engage in constructive dialogue with Russia and Iran, but only on the basis of respect for their sovereignty and interests.

FTX settles customer property disputes to speed up bankruptcy proceedings, BNB Chain launches Greenfield mainnet

By
Paul Ugbede Godwin
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0

FTX, a leading cryptocurrency exchange, has announced that it has reached a settlement with its customers who had filed claims for their lost or frozen assets due to the platform’s bankruptcy. The settlement will allow FTX to distribute the remaining funds to its creditors and speed up the bankruptcy proceedings.

According to a blog post by FTX’s CEO Sam Bankman-Fried, the settlement was reached after months of negotiations and mediation with the customer representatives and the bankruptcy trustee. He said that the settlement was fair and reasonable, and that it would benefit all parties involved.

The settlement covers about 90% of the customer claims, which amounted to over $200 million in total. The customers who agreed to the settlement will receive a pro rata share of the available funds, which is estimated to be around 15% of their original claim value. The customers who did not agree to the settlement will have to wait for the bankruptcy court to decide on their claims, which could take years.

Bankman-Fried said that the settlement was a result of FTX’s commitment to its customers and its responsibility to the crypto industry. He said that FTX had always acted in good faith and tried to protect its customers’ interests, even when it faced unprecedented challenges and difficulties.

He also thanked the customer representatives and the bankruptcy trustee for their cooperation and professionalism, and expressed his hope that the settlement would help FTX move forward and focus on its future plans.

FTX filed for bankruptcy in April 2023, after it suffered a massive hack that resulted in the loss of over $1 billion worth of crypto assets. The hack also triggered a cascade of liquidations and margin calls, which caused many customers to lose their funds or have them frozen on the platform.

The hack was one of the largest and most devastating in crypto history, and it sparked a wave of lawsuits and investigations against FTX. The exchange has been cooperating with the authorities and trying to recover some of the stolen funds, but it has also faced criticism and backlash from some of its customers and competitors.ftxx

According to a report by Chainalysis, a blockchain analysis firm, the hack was carried out by a sophisticated group of cybercriminals who exploited a vulnerability in FTX’s hot wallet system. The hackers managed to bypass FTX’s security measures and access its private keys, which allowed them to transfer large amounts of crypto assets from FTX’s wallets to their own addresses.

The hackers also used various techniques to obfuscate their tracks and evade detection, such as using multiple wallets, mixing services, decentralized exchanges, and privacy coins. The report estimated that the hackers were able to launder about 40% of the stolen funds within a few weeks after the hack.

The report also identified some of the possible motives and origins of the hackers, based on their behavior patterns, language preferences, and online activity. The report suggested that the hackers were likely motivated by financial gain, ideological beliefs, or personal vendetta against FTX or its CEO. The report also speculated that the hackers were likely based in Eastern Europe, Asia, or Africa, based on their time zones, IP addresses, and VPN usage.

The report concluded that the hack was a highly coordinated and sophisticated operation that required extensive planning, resources, and skills. The report also warned that similar attacks could happen again in the future, unless crypto exchanges improve their security systems and protocols.

The settlement is expected to be approved by the bankruptcy court in the next few weeks, and FTX will then proceed to distribute the funds to its eligible customers. Bankman-Fried said that he was confident that FTX would emerge from this ordeal stronger and more resilient, and that he was grateful for the support and loyalty of its customers and partners.

BNB Chain launches Greenfield mainnet for Decentralized Data Storage

BNB Chain, a blockchain platform that aims to provide decentralized data storage solutions, has announced the launch of its Greenfield mainnet. The Greenfield mainnet is the result of months of development and testing, and it introduces several features and improvements to the BNB Chain network.

According to the official blog post, the Greenfield mainnet offers the following benefits:

Enhanced security and performance: The Greenfield mainnet adopts a new consensus algorithm called Proof of Space-Time (PoST), which leverages the unused disk space of the network participants to secure the network and validate transactions. PoST is more energy-efficient and scalable than traditional Proof of Work (PoW) or Proof of Stake (PoS) algorithms, and it also enables faster transaction confirmation and higher throughput.

Lower costs and higher rewards: The Greenfield mainnet reduces the storage fees for users and increases the rewards for storage providers. Users can store their data on the BNB Chain network for a fraction of the cost of centralized cloud services, and they can also earn BNB tokens by sharing their data with others. Storage providers can earn BNB tokens by renting out their disk space to the network, and they can also participate in governance and decision-making processes.

More use cases and applications: The Greenfield mainnet supports various types of data storage, such as files, databases, streams, and smart contracts. It also enables interoperability with other blockchains and platforms, such as Ethereum, IPFS, Filecoin, and Binance Smart Chain. This opens up new possibilities for developers and users to create and access decentralized applications (DApps) that leverage the power of BNB Chain’s data storage network.

The BNB Chain team invites everyone to join the Greenfield mainnet and experience the advantages of decentralized data storage. Users can download the BNB Chain wallet and start storing and sharing their data on the network. Storage providers can download the BNB Chain node software and start offering their disk space to the network. Developers can access the BNB Chain SDK and API documentation and start building DApps on the network.

The BNB Chain team also thanks its community and partners for their support and feedback throughout the development process. The team states that the Greenfield mainnet is only the beginning of their journey, and that they will continue to work hard to improve the BNB Chain network and ecosystem.

Scroll confirms mainnet launch following on-chain indications last week.

Scroll, a decentralized data storage and management platform, has officially announced its mainnet launch on October 18, 2023. The announcement comes after several on-chain indicators hinted at the imminent launch last week, sparking excitement and speculation among the crypto community.

Scroll aims to provide a secure, scalable and cost-effective solution for storing and managing large amounts of data on the blockchain. Scroll leverages the power of smart contracts and decentralized storage networks to enable users to create, access and share data across multiple platforms and applications.

According to the official blog post, Scroll’s mainnet launch marks the culmination of years of research and development, as well as extensive testing and auditing. The mainnet launch also introduces several new features and improvements, such as:

A native token (SCRL) that serves as the utility and governance token of the platform. SCRL holders can use the token to pay for data storage and management services, as well as participate in the governance of the platform.

A staking mechanism that allows SCRL holders to stake their tokens and earn rewards for securing the network and providing data storage capacity.

A marketplace that connects data providers and consumers, allowing them to exchange data and services in a trustless and transparent manner.

A developer portal that provides tools and documentation for developers to integrate Scroll into their applications and leverage its data storage and management capabilities.

Scroll’s mainnet launch is expected to attract more users and developers to the platform, as well as increase the demand and value of SCRL. Scroll claims that its platform can offer significant advantages over traditional cloud-based data storage solutions, such as:

Enhanced security and privacy, as data is encrypted and stored on decentralized nodes that are resistant to censorship, tampering and hacking.

Reduced costs and complexity, as data is stored on a single platform that eliminates the need for multiple intermediaries and service providers.

Increased efficiency and performance, as data is stored on a distributed network that enables faster access and delivery.

Scroll’s mainnet launch is a major milestone for the project and the crypto industry, as it demonstrates the potential of blockchain technology to revolutionize the data storage and management sector. Scroll invites everyone to join its platform and experience its benefits firsthand.

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