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You are entitled to a lawyer free of charge

By
Stanley Alieke
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0

You must have heard the rhythmic cliché which is always recited by law enforcement agents whenever they are making an arrest or detaining a suspected criminal: “(You have the right to remain silent because anything you say will be used against you in the court of law) and you have a right to an attorney, if you cannot afford one the government will provide one for you”.

This phrase got its root in the United States as it was provided in the 5th and 6th Amendments of the constitution of the United States and it was first applied judicially in 1963 in the landmark case of Clarence E Gideon V. Louie L. WainWright (popularly cited as Gideon v.Wainwright) 372 U.S. 335 (1963). 

In this case,  Clarence Earl Gideon was arrested and charged in court on the count of robbing a bar in Florida, USA. He was unable to afford a lawyer to represent him in court during the trial. He wrote to the state requesting to be provided a lawyer at no cost to represent him in court since he cannot afford one but his request was turned down.

The case went up to the United States Supreme Court and the Supreme Court ruled that every individual is entitled to a lawyer, it’s part of the fundamental human rights a person enjoys for being a citizen of the state as it has been provided for in the 5th and 6th Amendments of the United States constitution. This decision underscores the importance of having a competent legal representative, so for an individual facing serious charges, seeking a felony criminal lawyer can ensure that one’s rights are protected.

This principle of a citizen being entitled to a legal representation at no cost if that citizen cannot afford one especially when the person is facing trial for criminal charges has been adopted in Nigeria.

Under Section 36(6(c) of the constitution of the 1999 constitution of the federal republic of Nigeria, it is provided that a  person who is facing criminal trial is entitled to either represent himself or be represented by a legal practitioner.

Subsequently, if an accused lacks the legal expertise to represent himself in a criminal trial and cannot afford to hire a lawyer, the state is obligated to provide him with a lawyer at no cost to him.

Meta Launches Startup Accelerator With India’s IT Ministry To Support And Accelerate Technology Startups Across India

By
Ojukwu Emmanuel
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0

Facebook parent company Meta, has announced the launch of an accelerator program to support and accelerate technology startups across India.

This initiative, titled XR Startup Program, focuses on skilling and building technological capabilities for the metaverse, which will also help to shape the country’s ecosystem for these emerging technologies, including Augmented Reality (AR) and Virtual Reality (VR) in the country.

India is reportedly the third largest startup ecosystem in the world, witnessing a higher compound annual growth rate (CAGR) in venture capital, compared to China.

Meta, having observed how productive India’s startup ecosystem is, has sought to permeate into its startup ecosystem, as it bolsters its bet on the metaverse.

MeitY Startup Hub and Meta’s effort, called XR Startup Program, will work with 40 early-stage startups in India and help them in research and development, in order to develop workable products and services.

Meta also disclosed that each startup will also receive a grant of over $25,000, in order for them to scale.

The program, supported by Meta’s $50 million XR Programs and Research Fund, will initially hand-pick 80 startups to attend a Bootcamp. It will also aid selected startups to find customers, inking relationships, and raise funds.

Speaking on the occasion, the Minister of State for Electronics & Information Technology, and Skill Development & Entrepreneurship, Shri Rajeev Chandrasekhar disclosed this collaboration with Meta is a pleasant one, and he hopes that it will provide the necessary impetus towards fueling the growth of investments in future technologies, in line with the government vision for making India a trillion-dollar economy.

In his words;

“It is an important day in terms of achieving Prime Minister Shri Narendra Modi Ji’s vision of making the next 10 years as India’s Techade – full of opportunities for young Indians. It is also an important milestone in the area of Metaverse which is an important part of the emerging future of the internet.

“I look forward to the collaboration with Meta and I hope it provides the necessary impetus towards fueling the growth of investments in future technologies in line with the government vision for making India a trillion-dollar economy by 2025.”

He also spoke on how the Digital India Programme launched in 2015 has so far effectively transformed the lives of the citizens, governance & democracy which has catalyzed India’s Digital Economy & created significant capabilities in emerging technologies.

Mr. Rajeev disclosed that with the country’s technological advancement, it is clear that India will no longer be a consumer of Technology but rather, the country will become a leader in Producing Emerging Technologies”.

He emphasized on how Young Indian Startups, especially those from tier 2/3 cities, will play a significant role in emerging tech areas like Web 3.0, blockchain, AI, Metaverse, etc. and will shape the future of Technology and the internet for India and the world.

The XR program will be implemented by four Indian institutions including IIT Delhi which will also host a “grand challenge” for innovation in categories including education, healthcare, entertainment, agritech, climate action, sustainability, and tourism.

It is however interesting to note that Meta’s interest in working with startups in India is nothing new at all.

The social media giant company has in the past backed three startups in the country including social commerce platform Meesho and online education group Unacademy.

Nigerian Mobility Startup, Treepz, Hits Record 2 Million Trips

By
Samuel Nwite
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0

Mobility, another sector in Africa’s tech ecosystem thriving above the eclipse of fintech, has continued to ramp up growth with some players in the sector scoring groundbreaking success in a short while.

In 2021, ride-hailing & taxis generated $3.1 billion in revenue, while car rentals generated roughly $1.4 billion. By 2026, they are each projected to generate more than $4 billion in revenue, according to data from Statista.

This underscores a huge market with high growth potential that has bolstered the confidence of many startups to foray into logistics and mobility services. Across Africa, startups like Egyptian SWVL, Kenya’s Sendy and Nigeria’s Treepz, are recording high market performances.

For instance, Nigerian mobility startup, Treepz announced Friday it has hit 2 million completed trips across African countries where it is operational in less than 3 years.

“They say lightning doesn’t strike twice on one spot – we beg to differ as we are excited to announce that we have hit 2M+ completed bookings 6 months after we hit a milestone of 1M+ completed bookings in 2022,” Treepz said in a blog post.

The company launched in 2019, offers bus-hailing services that allows commuters to book and pay for trips using its app. Treepz was founded by Onyeka Akumah, Johnny Ena, John Shaibu and Afolabi Oluseyi, and has since experienced a massive boom that propelled its expansion to other African countries.

In 2021, Treepz announced that it has reached one million trips record, overwhelmingly eclipsing the 100,000 trips it completed in May 2020, and subsequently, the 190,000 journeys it recorded just four months after.

Formerly known as Plentywaka, the startup changed its name to Treepz in September last year as it began expansion to other African countries. After raising $1.2 million in funding, the Canada-headquartered company made an entry into the Ghanaian market, acquiring Ghana’s Stabus. The company also expanded its operations into East Africa after it acquired Ugabus, a Ugandan bus company.

Co-Founder & CEO, Treepz Inc., Onyeka Akumah, said Treepz will continue to contribute its fair share to the United Nations SDGs making cities more resilient and sustainable by reducing CO emissions across its markets as a result of passengers sharing rides with Treepz-powered vehicles instead of driving their individual cars.

“Moving thousands of people from bus stop to bus stop, school to home, home to office, city to city, country to country across Africa is no child’s play. Personally, I’ve experienced the toughest times in my entrepreneurial journey this period, but also, I’ve experienced the greatest joy of building something people want, love, share and are ready to pay for daily.

“With close to 10,000 Africans depending on us for their daily commute, I celebrate all my heroes including my colleagues, co-founders, investors and partners. Keep telling our story and sharing with your community. We continue to build a world-class company with the aim to make you, your families and your teams, move better across Africa,” he said.

Big Eyes Coin Offers 1000x Gain and a Stronger Community Than Avalanche and Quant

By
TI Partners
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0

Community is core to the growth and prosperity of any business or organization. For cryptocurrencies, it is the same way. Without the users, the token and network are useless. To this end, Big Eyes Coin (BIG) ensures that its users are always contacted and considered before any action is made. In addition, users enjoy NFT events, token giveaways, and rewards and boast of being part of the top 10 NFTs.

Want to Own Cute Stuff? Join the Big Eyes Community; Transactions are Taxless!

Big Eyes (BIG) token is the native cryptocurrency of Big Eyes, a decentralized platform that intends to move wealth into the Decentralized Finance (DeFi) ecosystem through a new means. Big Eyes also aims to conserve the oceans and their inhabitants as they are integral components of the world’s ecosystem. Big Eyes Coin (BIG) is designated to transform the meme coin and crypto industries. Crypto enthusiasts who own and stake Big Eyes (BIG) tokens relish an exceptional tax system, a taxless transaction.  The marketing wallet, auto burn functions, and LP acquisition are alternatives to taxes.

The Big Eyes network hopes to expand its tiers in the NFT sector. It expects to achieve this by ensuring that its NFT projects are featured among the top 10 NFTs in the crypto market. Likewise, Big Eyes is building an exceptional NFT Sushi Crew Club developed to enable holders of the Big Eyes (BIG) token to exploit the best reward and buy the most promising NFTs. Members of the club are often regarded as people who love to own cute stuff (profits, NFTs, community, etc.). Moreover, these NFT events and several contests are to be hosted by the Big Eyes platform. This will increase participation and quicken the growth of the platform. For instance, users will be given the right to decide if the profits from NFT events will be burned.

In addition, during NFT events, art consumers and merchants will have the opportunity to engage in social relations that will benefit both the Big Eyes community and the network. Participation and interest in the Big Eyes community are vital to the network’s growth. Therefore, users will merit constant awards of tokens, NFT giveaways, and other prizes to ensure that participation and interest stay intact.

With Avalanche, Proof-of-Stake (PoS) Ensure Scalability and Security

The Avalanche (AVAX) cryptocurrency is the native coin of Avalanche, an open-source network invented for setting up decentralized applications and enterprise blockchain. These are deployed in a single interoperable ecosystem with quality scalability. With its Proof-of-Stake (PoS) mechanism, Avalanche (AVAX) tokens staked by users make it possible to ensure scalability, security and perform smart contracts.

Owners and users of Avalanche (AVAX) tokens enjoy the network’s ability to allow more than 4,500 transactions every second and complete transactions in less than two seconds. Avalanche (AVAX) has a total supply of 720 million tokens and a circulating supply of about 250 million tokens.

Quant Can Supply Quality Virtual Access to Specific Services

Quant (QNT) is the Ethereum-based token that powers the Quant network. Quant (QNT) tokens are used to supply quality virtual access to a specific service or any application that is a part of the Quant network. This access is open to both the designers and users. The number of Quant (QNT) tokens and the access fee will emanate from the fixed fiat currency. Basing the worth of access fees on fiat values could permit the inventors to hold more supple amounts of Quant (QNT) tokens since the price is liable to fluctuate based on the fiat. The maximum supply is recorded as 14.6 billion. However, the total supply of Quant (QNT) tokens is 14.6 billion, while the circulating supply is about 12 billion Quant (QNT) tokens.

Avalanche (AVAX) and Quant (QNT) have made great names for themselves in the crypto market. They have offered users valuable and have as well as added to the expansion of Decentralized Finance (DeFi). However, neither of them can boast of being as community-driven as Big Eyes Coin (BIG).

For more information, check out the following links.

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin

Crowdfunding Will Accelerate Financial Inclusion In Nigeria – SEC

By
Ojukwu Emmanuel
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0

Despite the National Financial Inclusion strategy adopted by the federal government in 2011 to financially include 80 percent of its adult population by the year 2020, not much was achieved.

About 38 million adults remained completely financially excluded at the end of 2020.

Although the Central Bank of Nigeria (CBN), Nigeria disclosed that the country has gained 64 percent financial inclusion in 2022, as the federal government now targets 95 percent in 2024.

Recently, the  executive commissioner of Operations, SEC, Mr. Dayo Obisan, stated that the operationalisation of Crowdfunding in the country will accelerate the financial inclusion agenda in Nigeria, while increasing the quantum of investible funds by unlocking the untapped capital in the economy.

Mr. Obisan disclosed this while speaking at a webinar with the theme ‘Accelerating Financial Inclusion Through Crowdfunding’.

He described crowdfunding as a new phenomenon growing in popularity in Nigeria, adding that the platform is an innovative source of finance which provides MSMEs and Start-ups the avenue to raise capital from the crowd (populace) by harnessing the power of the internet.

Crowdfunding is a means by which businesses raise capital, by pooling together small amounts of money from a large number of people, instead of meeting investors to raise funds. It also enables efficient interaction between fundraisers and the crowd.

The system in Nigeria, has gained a lot of attention from regulators across jurisdictions because of its potential to further financial inclusion efforts.

Mr. Dayo Obisan, while speaking at the event, stated that crowdfunding is a very effective way of funding SMEs  which makes it a very ideal alternative of investment and financing of businesses in the country. He therefore urged that much awareness is raised to participants on the system.

In his words;

“It is also to raise awareness of participants, and indeed Nigerians, on Crowdfunding as a funding mechanism for Start-ups and MSMES, to enlighten them on experiences and lessons on Crowdfunding from other jurisdictions as it an alternative way of investment and financing of businesses,” 

According to him, “in realisation of the potentials of Crowdfunding, the Commission’s Rules issued in January 2021, has taken concrete steps to improve the regulatory framework for Crowdfunding by introduction of the operational framework between the fundraisers and the investing public in Nigeria.

“The framework amongst others makes it mandatory for any investment – based Crowdfunding to be operated only by Crowdfunding Intermediaries through issuance of investment instruments. This will no doubt provide an additional opportunity for MSMES, Start-ups and the general public to quicker fundraising options.

“It is strongly believed that the Capital Market has a leading role to play in this regard by collaborating with relevant stakeholders to map out strategies for deepening the capital market through Financial Inclusion as well as continuous enlightenment programs with a focus on Collective Investment Schemes.”

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