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Home Blog Page 5149

Tekedia Capital Invests in Exchange, to Digitize Real Estate Investment Trusts in Nigeria

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DOHA, QATAR - DECEMBER 21: Jordan Henderson of Liverpool lifts the FIFA Club World Cup trophy following his team's victory during the FIFA Club World Cup Qatar 2019 Final between Liverpool FC and CR Flamengo at Education City Stadium on December 21, 2019 in Doha, Qatar. (Photo by Francois Nel/Getty Images)

We often do not come here to commend the government people. But truth be told, the current team in Nigeria’s Securities and Exchange Commission (SEC) has been amazing. I want to publicly commend them for their practical approach to regulation. In the past, it used to be a nightmare. But recently, they have improved with productive channels which simplify things.

My special commendation to the Registration Exchanges, Market Infrastructure & Innovation Department. Because of the confidence I have received from your messages with Ugo Peters, our entrepreneur working to digitize real estate REIT,  we invested in his business to fractionalize real estate investment in Nigeria.

Our vision is to give people the opportunity to benefit from investing in income-producing real estate, allowing them  to own or finance properties the same way they invest in other industries, through the purchase of stock, within our exchange: “REITs provide a way for individual investors to earn a share of the income produced through commercial real estate ownership – without actually having to go out and buy commercial real estate.”  With that, even someone with N500 can “invest” in the most expensive real estate project in Nigeria.

We are bringing blockchain technology in it and the SEC has been super supportive on this mission. On the strength of its quality regulation, Tekedia Capital has provided the first institutional fund. We do believe we can unlock housing opportunities in Nigeria. The startup will launch later in the year; it has already signed up an enormous amount of properties which will go live once the final SEC approval comes.

As a Nigerian in the diaspora, we understand what we need to push funds into the nation. This exchange will help many invest in real estate with higher confidence, superb transparency and velocity on alpha.

Tekedia Capital invests in all sectors, focusing on how technologies will improve the domains. For example, we are in the oil & gas downstream sector through TradeGrid, building construction via CinderBuild, moving into real estate with this investment. Simply, if we see how tech can work in a sector, we come in because we’re sector-agnostic. Our close to 60 startups demonstrate that philosophy.

Comment on LinkedIn Feed

Comment 1: There are handfuls of tech based products coming up in the real estate space, because with all the choas and scam there, it makes enormous sense to bring tech at scale.

With the right legislation, all the velocity we would like to witness in the property market can happen faster than we expect. Keep them coming…

My Response: We think technology will sanitize that sector. It is harder to “negotiate” with tech than humans when the demons posses. We did that in the downstream oil and gas via TradeGrid and those issues have been fixed for our customers. We’re doing same in building construction sector via Cinderbuild. In all these firms, we see that tech helps. Real estate is the big one and I am confident we will get it right. UGO PETERS is working with experienced compliance team and I have personally joined some of their SEC meetings. The goal is clear: transparency and visibility will grow this sector.

Nigeria Football Federation Contracts New Head Coach For Super Eagles

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The Nigeria Football Federation (NFF) issued a press statement on Sunday, 15th May 2022, announcing it had contracted a 62-year-old Portuguese, Jose Peseiro, as the Head Coach of the Super Eagles.

The detail of the contract agreement between the NFF and the newly announced Super Eagles Coach is as follows:

It was gathered Peseiro would receive $70,000 monthly, over N29mn, from which he would pay his two incoming personal assistants.

It was also gathered that the NFF was signing for just a year’s deal with the new Coach with an option for another year depending on how things turn out in the initial 12 months.

Among other clauses in his contract included that, Peseiro was expected to watch 60 per cent of domestic league games as he had been mandated to discover home-grown talents for the national team.

While a handful of other coaches were equally shortlisted for the Super Eagles job, Peseiro in the end reportedly turned out to be the cheapest option.

Sources familiar with the NFF’s recruitment process disclosed that other coaches that could have been hired for the national team were either not affordable or not available for the job.

“A number of other coaches were also contacted but it is either the salary they were asking for was too high or they were not even favourably disposed to a national team job at the moment.

“Peseiro turned out to be the cheapest option for the NFF and that was why they settled for him.”

It’s noteworthy that this was the second time the NFF is announcing Peseiro as the Head Coach for Nigeria, having hurriedly done the same on the eve of the commencement of the Africa Cup of Nations tournament in Cameroon.

Then, it was announced that the Portuguese would be an observer while Austin Eguavoen would be solely in charge of the Eagles at the continental tournament.

The ‘appointment’ of Peseiro by the NFF was, then, contained in a communique issued after the NFF’s executive council meeting held on December 29, 2021.

However, a few weeks after the announcement, Peseiro revealed that talks to handle the three-time African champions collapsed due to financial queries and clauses in the proposed contract.

It’s worthy of note that Peseiro would be the first Portuguese sportsman to manage the national team.

José Vitor dos Santos Peseiro, 62, is a Portuguese who played as a striker in his days. He has to his credit wide and varied experience in coaching clubs and national teams across four different continents, including Europe, Asia, Africa, and South America.

An educationist with a degree in physical education/sports sciences, Peseiro has top-level coaching qualifications and training, and has coached at Sporting Lisbon, FC Porto, Panathinaikos, and Rapid Bucharest.

He also had stints at Sporting Braga, Victoria Guimaraes, Al-Hilal, Al-Wahda, Al-Ahly Cairo, Sharjah FC, and Real Madrid, as well as serving as Head Coach of the Saudi Arabia and Venezuela national teams, respectively.

Though well-travelled and with vast experience, Peseiro appears to have more sack letters than trophies, but it would be out of place to outrightly conclude he would not succeed with the Super Eagles.

From Panathinaikos to FC Porto, and to Braga and even Saudi Arabia, it is on record that there has hardly ever been any happy ending wherever he had found himself as regards his coaching business.

Meanwhile, the Portuguese tactician has some notable moments winning silverware, with the last being the league title with Al-Ahly.

He is saddled with rebuilding the Nigeria team to a formidable status and his first outing would be leading the Super Eagles for the upcoming tour to the United States of America (USA).

Over there, the three-time African champions slugged it out with Mexico and Ecuador, in prestige friendlies.

Any rational Nigerian that thinks good of Nigeria, or means well for the country, wouldn’t hesitate to wonder why the NFF decided to settle for a foreign coach at a time when everyone is concerned about the needed actions to promote our domestic products.

Aside from this, for the fact that the country’s economy is currently dwindling, is enough reason to worry over the attraction of the NFF towards a foreign coach. It’s really worrisome that we have apparently lost interest and hope on our own, and this is the bane of Nigeria’s economic plight.

The Words from the Future King And Leaving Nigeria for Naija

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I visited a family member who lived in his property in Owerri. The man who would later become the king of Owerri asked me: “Ndubuisi, how are you doing with studies in FUTO?” I responded: “Sir, Abacha is causing problems in Nigeria. He is making things very hard”.

Immediately, he corrected me: “Ndubuisi, your Abacha now is FUTO and you need to do well, graduate with good grades, etc. Leave Abacha for us”.

That conversation remains evergreen. Yes, one needs to know what his “real problems are”, and then work to deal with them. This is not to say that young people should not pursue causes and activism. But the key thing is this: understand when you can make impacts.

Simply, your sentences cannot start and end with Buhari 24/7 because  on most of the issues, you have no control over them. Spend some of that energy on things you can control.

I like young men and women who live in Naija – they are better than those living in Nigeria. Some do not pay so much attention to the mess, focusing on building their startups and being in control of what they can control. They do pay attention occasionally, but the Abuja mess is always under control, in their minds. They put the mess where it belongs!

Win your mind on Nigeria; move to Naija.

Source

There are many comments here on this posy, read them.

Why Strict Punishment Should Be Meted Out To Those Responsible For Deborah’s Death

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On Wednesday, May 11, 2022, a 200-level student of Shehu Shagari College of Education in Sokoto state, by the name Miss Deborah Samuel Yakubu was gruesomely lynched by her colleagues over alleged blasphemy.

This act infuriated a lot of Nigerians who strongly condemned the act and demanded justice for Deborah. Amnesty International (AI), the Christian Association Of Nigeria (CAN), and the human rights writers association of Nigeria (HURIWA) all condemned the dastardly act.

President Muhammadu Buhari also ordered that there should be a probe into the incident to ensure that those responsible for Deborah’s death are seriously punished. CAN youth wing (YOWICAN) on the other hand did not fail to write a petition to the inspector general of police (IGP), Usman Baba Alkali, urging him to commence an investigation into Deborah’s death.

Currently in Nigeria, the death of Deborah is still a trending issue that has caused a lot of arguments and rifts among netizens. Such callous acts can only be carried out by barbarians who have no regard for human lives, yet they claim that it doesn’t go contrary to their religion.

Putting religion aside, those who killed Deborah, went against the country’s constitution by unlawfully killing a life. Enshrined in the constitution, every person in Nigeria has a right to life. People cannot be killed except in four (4) extreme circumstances provided by the Constitution of Nigeria.

  1. Where there is a valid order of the court in respect of a criminal case, ordering that a convict be executed.
  2. When a person is killed by another person in self-defense.
  3. Where a person is killed during a lawful arrest or in the process to prevent the escape of a lawfully detained person.
  4. Where a person is killed from a reasonable and necessary force applied by the law enforcement agencies to suppress riot, insurrection, or mutiny, it may be lawful killing.

Looking at all these laws aforementioned as enshrined in the Nigerian Constitution, there is nowhere it states that a citizen has the right to kill another over blasphemy. This signifies that those responsible for the death of Deborah have committed a serious punishable offense under the law.

Also, a look at the religious side of their actions, the Muslim media practitioners of Nigeria (MMPN) and Muslim rights concern (MURIC) stated that such an act was anti-Islam, also stressing that it is a criminal offense in the shariah of Islam for any group to take laws into their hands. Where then do these mischievous beings get the doctrine that permits one to be killed over blasphemy? One can only ask.

Why Strict Punishment Should Be Meted Out To The Offenders

There have been condemnations from different groups and also the presidency, frowning at such a dastardly act. Why is it good that they have condemned such acts? However, It is not enough, as strict actions must be carried out against those individuals responsible. The government should ensure that the law takes its full course without any interference from any person or body.

These offenders should be treated according to what the law demands without enjoying any privilege from authorities, ensuring that they are seriously dealt with to serve as a deterrent to those who will want to emulate such callous acts.

Punishing the offenders I believe will reduce such useless killings over blasphemy, because others who have the same ideology, will have it at the back of their minds that such an act is not only inhumane but also a punishable offense. The government must ensure that there is no delay in executing proper punishment on the culprits which should be made visible for everyone to see. They must understand that justice delayed is justice denied.

If according to the law their punishment requires death by hanging or life imprisonment, the government should not hesitate to execute it immediately. The matter should not be swept under the carpet, because this country has a track record of sweeping cases under the carpet which has caused a lot of problems.

Presently in Nigeria, as a result of the failure of the government and security agencies to punish various offenders for carrying out different dastardly acts, such callousness has given birth to terrorism and banditry, because as long as the state fails to bring such criminals to book, the society will continue to suffer from their actions.

This implies that the government should use these culprits as a scapegoat, to send warnings to others who might want to replicate such. Failure of the government to do that will only encourage such killings, which can result in war if care is not taken. This Deborah tragedy must be used as a cue to put a permanent stop to faith-induced murder in our land.

Nigeria 2023: NNPP’s Leader Describes Party As ‘Beautiful Bride’

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The Leader of the New Nigeria Peoples Party (NNPP), Boniface Aniebonam, has described as divine intervention, the current gale of defections into the party from other political parties domiciled in the country.

Mr Aniebonam disclosed to newsmen on Sunday, 15th May 2022 in Lagos State that an erstwhile Governor of Kano State, Rabiu Kwankwaso had ushered in ‘high ranking and huge membership’ into the party in less than three months.

According to the party leader, it was NNPP’s divine time to provide leadership that’s poised to create a new Nigeria.

It could be recalled that, in recent times, ahead of the 2023 general elections in Nigeria, there has been a gale of defections into the NNPP in various states across the country, particularly in Kano, Jigawa, and Kaduna.

Ten PDP lawmakers and three APC lawmakers in Kano had recently defected to the NNPP while the Deputy Speaker of Kano State House of Assembly, Zubairu Massu also on Friday, 13th May 2022 defected from the APC to the NNPP, alongside some other former lawmakers.

In a related development, in Osun State, a chieftain of the APC in the person of Muslihudeen Adekilekun, on Saturday, 14th May 2022 stated that he had defected to the NNPP.

As if that wasn’t enough, the current Chief of Staff of Governor Abdullahi Ganduje of Kano State, Ali Makoda, led other notable politicians in the Kano North Senatorial District, to the NNPP on Saturday, 14th May 2022.

Mr Aniebonam, who is reportedly the Founder of the NNPP, further boasted before newsmen that in 21 years of its existence, the party now had offices in all parts across the federation.

He said, “the party is gradually becoming a movement”, hence urging Nigerians to join the winning team. “We are the beautiful bride in the North as it is and we hope to expand to all parts of Nigeria as the best option for Nigerians.”

He assured that, “as a party with a divine mandate”, the NNPP would ensure that its primaries were fair to all, including the new entrants.

Mr Aniebonam went ahead to state that the party planned to translate Nigeria from being a “consumption nation to a producing state” to address the present economic challenges facing the country.

According to the statesman, the basis of some of the challenges facing the nation was because the country was no longer producing all it consumed, among other related issues.

The NNPP founder mentioned that the panacea to youth engagement was to move Nigeria from being a consumption nation to a producing nation, saying the NNPP was committed to engaging the Nigerian youth by reviving all moribund industries in the country to gainfully engage them.

Mr Aniebonam said that the NNPP would invest in education and encourage both the learners and educators, saying the party would provide the right leadership to address most of the current challenges facing the nation.

On women’s inclusion in politics, Mr Aniebonam replied that women were more prudent because of the ‘fear of God’ in them, hence the commitment of the party to provide them good representation in governance.

Mr Aniebonam, however, observed that not many women were coming out to contest elective positions, saying “power is never served but taken”. He therefore disclosed that the NNPP platform was available for women who wanted to join in the movement for creating a new Nigeria, adding that the cost of nomination and expression of interest forms had been reduced for the womenfolk.

The party leader further disclosed that a woman would be contesting the governorship election in Ogun State come 2023 on the platform of the NNPP, and there could be more of them in the nearest future.

“What we need to do more now is to empower these women through appointments. With that, they will grow and be able to move in for elections.” he opined.

With what is trending presently in Nigeria’s political space, the NNPP might be a party to contend with in the impending elections. No doubt, if the pace of the ongoing defections continues in the coming days, then the NNPC is a party to watch, or could be a ‘beautiful bride’ as rightly opined by the leader.

There are strong speculations that the party is making a move to merge with the All Progressives Grand Alliance (APGA) towards producing a formidable presidential candidate ahead of the polls.

As the odyssey becomes more interesting and scintillating, the electorate are advised to observe wisely toward making good meaning from the scene.