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Tobi Amusan’s Victory at the 2022 World’s Athletic Championships: From Denial to Global Record Breaking

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Earlier, this morning, the name Tobi Amusan had captured the air with pervading euphoria, following Nigeria’s outstanding performance at the 2022 world’s Athletics Championships in Eugene, Oregon. Tobi Amusan, a Nigerian female sprinter broke a lifetime jinx as she clinched a gold medal at the women’s 100m hurdles final and emerged the first ever Nigerian Athlete in history to win a world title at the World Athletics Championships.

The Nigerian hurdle sprinter who has suddenly become a wide-reaching internet sensation also broke a six-year-old record of 12.20 seconds held by Keni Harrison by finishing at 12.12 seconds in the semi finals.

Records show that Tobi’s victory is not a flash in the pan. The Nigerian 25-years-old University of Texas graduate has been on her journey to stardom for over a period of ten years now. In a twit posted on her twitter page six years ago, Tobi Amusan had said she was going to set a record that would make her name unforgettable in history, and she indeed has worked towards making her dream a reality.

From a story of shocking denial of her capability due to a failed time-machine in the Olympics Trials in Nigeria, Tobi has rewritten her story on the global stage, casting her shadow to be larger than life.

Last year, during the finals of the Olympics Trials of the Athletics Federation of Nigeria which held at the Yaba College of Technology in  Lagos, Tobi Amusan was denied the chance to break a 23-years-old record held by Gloria Alozie due to the faulty electronic timer.

She’d won comfortably but the electronic timer failed to display the time at the end of the race. The hand timer which was eventually deployed showed she won the race in time of 12.3 seconds which would have supplanted Alozie’s 12.44 seconds that was set in 1998.

However, since the world athletics only recognises the electronic timing device, her record was denied. It was a big disappointment for her and many of her fans who had anticipated to see her set a new African record in the women’s hurdles event.

This year came with a huge compensation for Tobi Amusan on a global stage as she set the record far away from Nigeria.

Asked about how she felt about her winning, Amusan said, even though she’d always believed in her abilities, she did not expect a world record at this championship. According to her,

“It’s a dream come true. I knew I had it in me, but I could not believe it when I saw it on the screen after the semis. But it was just a matter of time.”

Nigeria finished at overall 13th position in the championship, following Amusan’s gold medal in the 100m women hurdles and Ese Brume’s silver medal in the long jump.

Central Bank of Nigeria (CBN) Issues Warning On The Illicit Conversion Of The Naira

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With the exchange rate between the naira and dollar merged with huge volatility, which is currently at N665/$1, this has no doubt prompted bank customers and high-profile individuals to withdraw the naira and convert it to dollar for keeps.

Displeased with this act, the Central Bank Of Nigeria (CBN), through its Governor, Mr. Godwin Emefiele has issued a warning to bank customers, most especially politicians and high profile individuals to desist from withdrawing Naira with the purpose of converting money into Dollars just for keeps. 

He described such an act as illegal which he disclosed was capable of wrecking the nation’s economy as the naira is consistently making efforts to resolve the lingering foreign exchange (Forex) scarcity, which is depleting the value of the naira at a rapid rate against the greenback in the currency market.

Mr. Godwin Emefiele disclosed the plan of the Central Bank to put in place a formidable surveillance system that will track the illicit conversion of the Naira in Nigerian banks. He revealed that anyone caught in such an act would be prevented from making use of the banking system in the country, as a post no debit (PND)would be placed on the account of customers who default.

This means that with PND, such customers will never be able to conduct banking transactions in any of the financial systems in Nigeria. The CBN governor also stated that any Nigerian bank found to be aiding such an illegal act would be sanctioned by the country’s banking industry watchdog.

It has been reported that such a warning from the Central Bank became more necessary due to the huge volatility of the Naira that forces people to illegally convert it, and also with the preparations for the upcoming 2023 Presidential election in top gear, it is believed that a lot of politicians in Nigeria would seek to mop up FX from the system by stacking up dollars for electoral purposes which will no doubt cause the Naira to lose its value.

The effect was felt in May and June when different political parties in the country, conducted their primary elections to choose their preferred presidential candidate. It was reported that the dollar became scarce in the parallel market which saw it rise to N600/$1 as the dollar was used by these politicians to woo delegates.

Due to panic amongst Nigerians, after it was predicted that the naira would possibly crash to N700 before the end of this year, a lot of them have started converting their naira to dollars for keeps. This is why the CBN has set out to monitor liquidity in the subsystem, as anyone involved would be sanctioned and handed over to the security agencies.

The Central Bank has therefore admonished bank customers in the country to desist from getting involved in such illicit conversion in order not to fall victim to the CBN order. He also urged them not to panic despite the fact that the naira and dollar have been merged with high volatility, noting that every citizen has to support the CBN in preserving the value of the naira from further depreciating.

T-Mobile Reaches $350m Settlement Agreement for 2021 Data Breach

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T-Mobile has reached an $350 million settlement agreement for a class action lawsuit over cyberattack that resulted in loss of private data of millions of customers.

In August 2021, hackers infiltrated the telecom company in a “highly sophisticated cyberattack” that exposed data from more than 40 million former or prospective customers who had applied for credit with the company, as well as 7.8 million current postpaid subscribers.

“On July 22, 2022, T-Mobile US, Inc. entered into an agreement to settle a consolidated class action lawsuit asserting claims related to a 2021 criminal cyberattack involving unauthorized access to the Company’s systems in which certain information about a number of the Company’s current, former, and prospective customers was compromised,” a statement contained in the SEC filing said.

The filing said in addition to the settlement agreement, also agreed to make an additional $150 million investment in data security and related technologies this year and next.

GeekWire who spotted the filing reported among other things, that the proposed class consists of more than 76 million customers, according to a copy of the proposed settlement filed in the U.S. District Court for the Western District of Missouri, where several related cases were consolidated. The $350 million payout will fund claims submitted by class members, plaintiffs’ legal fees, and administrative costs, the settlement file said.

If the court approves the settlement, it “will resolve substantially all of the claims brought by the Company’s current, former and prospective customers who were impacted by the 2021 cyberattack,” T-Mobile said in its SEC filing.

The company continues to cooperate with various regulators who are separately investigating the incident, according to a T-Mobile spokesperson.

T-Mobile issued a statement Friday about the settlement on its website. “As we continue to invest time, energy, and resources in addressing this challenge, we are pleased to have resolved this consumer class action filing,” the company said.

According to the SEC filing, T-Mobile expects to record a pre-tax charge of about $400 million in the second quarter as a result of the settlement. The filing notes that the charge and the $150 million investment in security were anticipated in its prior financial guidance to investors.

Final court approval of the terms of the settlement is expected as early as December 2022 but could be delayed by appeals or other proceedings. The Company has the right to terminate the agreement under certain conditions, the filing further said.

Egoras Unveils New Factory in Nigeria – Will Buy, Refurbish and Resell Household Items

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Fellow Citizens, I am very happy to share that in the next few months, more than 2,000 young people will have jobs in Nigeria. Egoras has opened for operations in a big factory. We looked at ways to help Naira and we concluded on one thing: if we can refurbish all the imported electronics, furniture, etc into Nigeria, and resell them, Naira will have freedom to dance atilogwu, koroso, bata, etc.

We trialed the business model in Port Harcourt, filled our supermarket with items and projected to sell them within 3 weeks. To our surprise, everything sold off in 90 mins! Then, we invested to build a bigger factory. That factory was launched this weekend.

Now, we are reaching Nigerians and companies, and I want to connect you with CEO Ugoji Harry. Egoras will buy your unused or old household items, electronics, radio, phones, dishwashers, generators, TVs, furniture, etc – and refurbish and resell them in our supermarkets, the only ones we know that sell only refurbished items.

Team has a process with valuers, risk managers, etc making sure people are selling items that belong to them.  Let’s keep everything clean. If you do not have the receipts, they require you to get a police report for lost receipt.

Ugoji is executing the mission – he is hiring technicians, etc. But for this business to thrive, we actually need those old items, so that we can get them back to “new states”. All items sold in Egoras supermarkets are guaranteed for up to 6 months. Email support@egoras.com

Send us your unused items, forget the new ones made in US, Asia and Europe; our trained engineers will get them back to “new states”.

Egoras Team
Selected Egoras Team

Locations

Oyigbo Branch:
#25 Clemedy Plaza, PH/ABA Express way, Oyigbo Express Junction, Rivers State

Rumuokwrushi Branch:
No 282 Aba road by Rumukoroshi Junction, Port Harcourt, Rivers State

Agip Branch:
kilometer 7 Ikwerre Rd, Rumueme, beside Rivers State College of Health Science and Technology
Port Harcourt.

Mr. President, Let’s Help: Zero leakage, Zero Diversion Guaranteed on Fuel Subsidy and Fuel Distribution

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Dear President Buhari, we write to offer to fix the leakages in Nigeria’s fuel subsidy program especially now that our national currency is struggling; any help will go a long way. Our technology has been tested by filing stations and other players in the downstream oil & gas sector. We have accomplished the capability of reconciling fuel volume/Naira from depots via trucks to pumps and shifts.

Mr. President, if contracted and within 3 months, we will make it possible for you to know the fuel volume in Nigeria, and the exact location, across trucks (parked or on the go), depots, and stations, on your smartphone, and LCD monitor in the Presidency.  Zero leakage, zero diversion guaranteed. No wuruwu in subsidy payment. Naira will dance atilogwu, koroso, bata, etc.

We will answer the call. Please share this with President Buhari; I just feel that we can help the nation, considering that many of us went on largely free education in Nigeria. We’re 100% Nigerians-owned and the founders are grads of the Nigerian university system (FUT, Owerri) – give us a challenge!

We will create total (direct/indirect) jobs of 50,000 and save at least $2 billion for Nigeria.

Update: Intermittent network availability is not a problem when the trucks are moving across cities. Our sensors have in-memory microprocessors which have capacities to retain information and then push them via different gateways once a network is established. The data transmitted is “text” [not video, not image]  and the cost is negligible.

Response to questions on possible cloud latency on my post yesterday.

Some questions on our technology which ensures 100% revenue assurance with zero financial leakage in the downstream oil & gas sector. A key one is network issues where say an attendant completes a shift at 1pm and his supervisor is closing it, reconciling money at hand and total fuel dispensed in the pump. We have intelligent software agents which ensure that you are reconciling well. 

The payment part is always up to date but you can have small delays from the tank sensors. If that happens, you will see a notification on the dashboard, telling you the last volume records and informing you that sensors in the pump have that data in the memory and will update them once the network connection is re-established. And once that happens, you will see data before the 1pm as in-memory chips keep data and ensure you have solid system integrity.

This process will not affect the next shift as the technology is bi-directional which has intelligence in both directions. From productive sites

Our technology has the ability to reconcile in seconds all subsidy volume delivery, payments with where the diesel, petrol, kerosene, etc are located across Nigeria within 5 minutes on Mr. President’s desk. 

 

Building the Operating System for Payment in Nigeria’s Downstream Sector

Tracking on Smartphone

With our technology, when that truck loads in the depot, and moves across your locations, to drop petrol, via your smartphone, you can see the path, the volume, where the next stop is programmed to be, and more. We’re bringing uncommon transparency in Nigeria’s downstream oil and gas sector. We do not just track trucks, we also track the liquid content. As everything is happening, we are reconciling payment transactions!