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ASUU Appeals Industrial Court’s Judgment Ordering Its Members Back to Work

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The Academic Staff Union of Universities (ASUU) has appealed the ruling of the National Industrial Court directing it call off the seven months old strike pending the determination of the case by the court.

According to court documents filed before the Appeal Court, the lecturers are praying for the stay of execution of the trial court’s judgment. The NIC had ruled in favor of the federal government’s argument that ASUU cannot remain on strike while the matter is in court as it contravenes Section 47 of the Trade Dispute Act.

ASUU had convened an emergency meeting to determine its response to the judgment, which later turned out to be a decision to appeal.

Court documents show that ASUU is asking the Appeal Court for the following:

“1. AN ORDER granting the Applicant leave to appeal against the interlocutory ruling of the National Industrial Court of Nigeria per Honourable Justice P.I. Hamman in SUIT NO: NICN/ABJ/270/2022 between FEDERAL GOVERNMENT OF NIGERIA & 1 OR. VS ACADEMIC STAFF UNION OF UNIVERSITIES delivered on Wednesday 21st day of September, 2022.

“2. AN ORDER staying execution of the order of this Honourable Court per Honourable Justice P.I. Hamman in SUIT NO: NICN/ABJ/270/2022 between FEDERAL GOVERNMENT OF NIGERIA & 1 OR. VS ACADEMIC STAFF UNION OF UNIVERSITIES delivered on Wednesday 21st day of September, 2022 pending the hearing and determination of the interlocutory Appeal.

“3. AND ANY OTHER ORDER OR ORDERS this Honourable Court may deem fit to make in the circumstance of this case.

“4. AND FURTHER TAKE NOTICE that the appellant/applicant shall at the hearing of this application rely on the affidavit sworn to by Samuel Ameh on behalf of the Applicant.”

This means that the strike, which has crippled academic activities in public universities, will linger as long as the legal showdown.

Both ASUU and the federal government have failed to reach a consensus that will bring an end to the strike. With the impact telling terribly on students, the National Association of Nigerian Students (NANS) had embarked on protest in an attempt to force the federal government to yield to ASUU’s demand.

But with NIC’s ruling, parents and students have urged ASUU to return to classrooms. NANS Zone-E called on the academic union to honor the judgment considering that the strike is a setback to the development of education in Nigeria.

But the federal government had earlier implemented the “no work, no pay” policy, which means that the striking lecturers will not be paid even if they return to work.

The situation has created a standoff between the federal government and ASUU that will only, by the look of things, be settled by the Supreme Court.

Tekedia Capital Demo Day is Oct 8; New Syndicate Members Invited

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On Saturday, October 8, seven startups will pitch before Tekedia Capital Syndicate members. We hope to support another class of great startups. Tekedia Capital has incubated startups which ended up joining YCombinator, Techstars, Seedstars, etc besides raising follow-up capital. We have also exited companies; last month, we exited one to a US-based unicorn. In other words, we understand what works.

We invite the world – companies, investment clubs, citizens, funds, etc – to the current investment cycle upon joining here. We will send the Demo Day link once you join.

Tekedia Capital offers a specialty investment vehicle (or investment syndicate) which makes it possible for citizens, groups and organizations to co-invest in innovative startups and young companies in Africa and around the world. Capital from these investing entities are pooled together and then invested in a specific company or companies.

We invest in mainly technology-anchored companies and are sector-agnostic which means those companies could be operating in any industry, including finance, real estate, education, health, logistics, etc. The opportunity is open for individuals in Africa, Africans in diasporas, global citizens in any place in the world, investment groups and organizations around the world.

ASUU Maintains Stance Against FG, Moves to Appeal Court’s Order to Call Off Strike

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The Academic Staff Union of Universities, ASUU, has on Friday, September 23, 2022 approached the Court of Appeal sitting in Abuja, asking it to set aside the judgement of the National Industrial Court, NIC, that ordered it to call off its strike action which has be ongoing for over seven months.

In a news article by the Vanguard, the union has lodged a 14-ground of appeal through its team of lawyers led by renowned human rights activist, Mr. Femi Falana, SAN, and equally applied for a stay of execution of the judgement.

In a referral letter, dated September 8, Chris Ngige, the minister of labour and employment had referred the matter to court as dialogue between the FG and ASUU was not yielding any fruit. The matter first came up for mention before Justice Polycarp Hamman on September 12 but was adjourned to September 16 when the counsel to the FG, James Igwe urged the court to hear the FG’s interlocutory application for an injunction against ASUU.

On Wednesday, September 21, the NIC, presided by Justice Polycarp Hamman, had ordered the striking varsity lecturers to return to the classroom, pending the determination of a suit the Federal Government filed to query the legality of their strike action.

According to Justice Hamman, the order was both in national interest and for the sake of undergraduates in the country that have been at home since February 14. He also noted that the strike action was detrimental to public university students that cannot afford to attend private tertiary institutions.

“I hold that this application is meritorious and this application is granted”, Justice Hamman was reported to have ruled.

However, following the Court’s injunction the chairman of ASUU, Professor Emannuel Osodeke had told the press that the union was waiting on further guidance and directive from its team of lawyers.

The Greatest Innovation in Tesla is… Pricing Innovation

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Tesla “recalled” 1.1 million cars. That was the news. But that terminology is very deceptive because for Tesla, no one would be visiting a dealership for a fix. Rather,  the EV leader will do an over-the-air software update to deal with the minor issue with its windows. And by its ability to fix that via over-the-air software update, we can understand why this company is unique. Most other car brands will require you to take a trip to your deal.

For Tesla, it is an “update” which is the terminology for software companies. Tesla continues to open a new basis of competition, and that means transforming how to sell cars into the ways the world sells software. They have this business model where a buyer of your car must call Tesla to acquire new licenses since the ones you have are not transferable.

More so, if you want more “capacity” in that car, you can send more money to Tesla and they will add more. If you check it, Tesla has a Basic Plan, Premium Plan and Enterprise Plan – and it is a car company. But if you open the books, that is how you price software.

People, the main reason why Tesla is valued more than the top 10 car companies in the world combined is because of pricing innovation, not just the engineering feats! It makes selling cars look like selling software. Because of that, investors give it the same multiples as software companies because every car produced by Tesla will keep earning money until it is moved to landfill. No other car brand can say that!

Tesla is recalling some 1.1 million vehicles over fears that the cars’ automatic windows could pinch occupants while closing. The windows are supposed to stop if they detect an obstacle in their path, but Tesla said a possible problem with the system was discovered during testing. The automaker says it will fix the issue via an over-the-air software update. Tesla issued a similar update earlier this year after recalling more than 800,000 vehicles for a problem with a seat-belt alert. No injuries linked to the window issue have been reported, Tesla says.

  • The recall affects select 2017-2022 Model 3 sedans; 2020-2021 Model Y SUVs; 2021-2022 Model S sedans and 2021-2022 Model X SUVs.
  • Tesla CEO Elon Musk has pushed back against calling the issue a recall, saying on Twitter that the “terminology is outdated & inaccurate. This is a tiny over-the-air software update.”

(LinkedIn News)

Comment on LinkedIn Feed

Comment 1: Tesla’s plan of people paying for car already owned makes me believe that the market is still open especially in the emerging markets. Any person who would build cars and give updates for free will kick out Tesla. But then investors are not an arm of charity organizations. Most might join the bandwagon only lowering prices charged.

My Response: ” Any person who would build cars and give updates for free will kick out Tesla.” – I wish you can show how that worked out for Linux vs Windows. Free software is not a great strategy in this world because most are “cheap”

Comment 2: Tesla car is like your iPhone, you don’t buy and go home completely. For you to keep enjoying more functionalities, you will remain connected to Apple, same applies to Tesla. Competing with Tesla in terms of number of EVs sold will always miss the point, the pricing model guarantees steady income, something that didn’t look like it would be possible in automobile industry.

Pricing elevated Microsoft, so until a business finds a way to remain connected to customers’ pockets, it will remain an endangered specie.

Those who are contemplating on price legislation need to get the memo, we should be talking about giving gas cylinders for free, while using software to ensure that the consumer continues to buy gas from designated stations…

Comment 3: Tesla is also ultimately ahead of the curve by catering to higher aspiration of people. While other car makers were adding wood panels and heated seats to cater to luxury, Tesla focused on catering to peoples interest in the environment, which is it’s optimal selling point,and earned first to market status. Others will keep in Tesla’s shadow unless they innovate something relevant- better. There’s an electric car that goes one better to actually suck up carbon emissions from the air- invented by some students. If they allow owners to earn carbon credits for certain number of miles driven- and they brand it properly- it will be a big hit. TESLA might want to look into acquiring that company.

My Response: mazing perspective. Many buy that for that “aspiration” as you noted.

Flutterwave Integrates Google Pay for African Businesses

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Flutterwave has continued to integrate other payment services through partnership, enabling multi-payment options to make its platform useful across the globe.

On Thursday, the Africa’s leading fintech company announced that it has onboarded Google Pay, a mobile payment service developed by Google, as a payment method.

Under the deal, Google Pay will serve as an additional payment option for merchants on Flutterwave for business. In a statement, Flutterwave said this collaboration will offer safe and seamless payments, as well as convenient checkout experiences for customers.

The digital payment giant described the system as a safe, simple, and helpful way to make contactless payments in-store and also payments in apps and on the web. Users store their cards for Google Pay in Google Wallet, a digital wallet app that is available on supported Android smartphones, tablets or watches.

“With this collaboration, Google Pay users in supported countries across the world can pay businesses on Flutterwave across Africa. With an average transaction completion time of three minutes, this integration is slated to reduce the cart abandonment rate for businesses on Flutterwave,” the company said.

This collaboration with Google Pay comes on the heels of Flutterwave’s integration of eNaira, Nigeria’s Central Bank Digital Currency, which the African unicorn announced earlier this month.

Founder and CEO of Flutterwave Olugbenga Agboola, said the partnership with Google Pay will pave the way for the company’s global adoption.

“The continued and rapid growth of Flutterwave is due to our commitment to building a platform with simplified payments for everyone. The GooglePay payment option will attract more international customers and increase the current success rates for businesses on Flutterwave. Integrating with Google pay will allow users across the globe to participate in the booming e-commerce ecosystem in Africa. It will enable us to further fulfill our promise of creating endless possibilities for all,” he said.

Explaining how it works, Agboola outlined these five steps:

  1. Get on a Flutterwave-supported website
  2. Select what you want to pay for
  3. Fill the order form
  4. Select Pay with Google Pay as your payment method
  5. Complete the payment with your Google Pay details.

“To get paid via Google Pay, Flutterwave merchants must manually opt-in on their dashboard,” he explained.

Flutterwave, as an Africa-focused payment company, is bridging the cross-border payment gap, bringing businesses across the globe close to Africa. In that course, it has processed over 200M transactions worth over $16B to date, serving more than 900,000 businesses, including customers like Uber, Flywire, Booking.com, etc.

Flutterwave has a key advantage of international payment processing in 150 currencies and multiple payment modes including local and international cards, mobile wallets, bank transfers, Barter by Flutterwave etc. This has created huge customer-base for the company in over 34 African countries, including Nigeria, Uganda, Kenya, and South Africa.

Powered by this ground-breaking growth that has put its value at $3 billion, Flutterwave recently moved to enlist on Nasdaq Stock Exchange.