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Panel of Enquiry of time wasting; A quick drive to sad memory lane.

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Whenever the government of Nigeria wreck havocs on the citizens of Nigeria, their next step is always to set up a panel of enquiry to look into the incidence; get to know the cause of the incident and make recommendations to make amends and make sure that such issue never occur again. Unfortunately, those panels of enquiry end up being a fluke, a bluff, a scam to the people and a waste of time and tax payers’ resources as it has been the history that none, absolutely none of the panels of enquiry set up that their reports have been implemented and amends made even during the colonial eras.

There are instance to back up this claim: 

In November,1929, the famous Aba women riot which took place. The Aba women protested against the injustice melted against them by the warrant chiefs and this led to numerous lost of lives and properties. A panel of enquiry was set up to look into the issues raised by the aggrieved women and highlight ways to meet up with  their demands. The first panel was tagged Aba commission of Enquiry and was set up in January, 1930. According to history, the panel of enquiry made no head way as there was no recorded success from the panel. Another panel of enquiry was set up and it was called the Aba commission in March 1930 for the same issue before there was a meagre of success.

Also, many may not have read or heard about the Iva valley massacre in the old Enugu state which occurred on November 18th, 1949 where about 50 armed police arrived the Iva Valley led by a Senior Superintendent of Police, F.S Philips and brutally massacred over 20 miners who were only peacefully protesting against the bad state of their work environment. Panel of enquiry was set up by authorities to look into the incident, since 1949 till today, about 70 years later, nothing have been heard about the panel of enquiry set up or the implementations of the panel’s report as it has since been swept under the carpet while everyone moved on as if nothing happened. 

Should we go on to the Asaba massacre of October, 1967 which occurred during the civil war where the Nigerian soldiers invaded Asaba, a town in southern Nigeria which was a part of the defunct Biafra country. The Nigerian soldiers nearly wiped out the entire people from the face of the earth. A false panel of enquiry was also set up after that incident and nothing came out of it.

Fast forward to 20th of November, 1999, the Odi incident in Bayelsa state where the Nigerian military at the order of the then president and commander in chief of the arm forces, President Olusegun Onasanjo invaded and massacred the people of Odi community. A panel of enquiry was set up and we both know the outcome of the panel; nothing, yes, absolute nothing came out of the panel of enquiry.

If you are too young to know of or too old to remember the above incidents then the Zaria massacre of Saturday, 12th December, 2015 which the Nigerian army shot and killed large numbers of the Shia Muslims in cold blood in Zaria, Kaduna state should still be fresh in your memory. As of panel of enquiry set up? Nothing has been heard of it 6 years later.


Lastly before the 2020 Endsars massacre, do you remember the Operation python dance (Egwu Eke) of 2016/2017 whereby over 100 persons were reported killed and mass buried by the Nigeria army in Abia state. Nothing have been done to assuage the death of the innocent citizens brutally murdered by the Nigerian army till today. 

While we eagerly wait to see how this report of the endsars panel already submitted to the Lagos state government will turn out, we also pray that our predictions that the reports will never be implemented will be wrong.

Amazon Cuts Visa – Nigeria Needs BNPL Innovation

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Amazon has cut Visa from processing payments in the UK business. The Reason? “As a result of Visa’s continued high cost of payments, we regret that Amazon UK will no longer accept UK-issued Visa credit cards as of January 19, 2022,” said the ecommerce pioneer.

This is the future and I expect credit card companies to continue to lose markets. The age of Buy Now Pay Later[BNPL] which does not require processing expensive card payments will change things.

However, the e-commerce giant said it will continue to accept payments on Visa debit cards, as well as other credit cards from other firms, such as Mastercard and American Express.

The new rules highlight the impact of disruption decentralized finance (DeFi) and blockchain-powered payment systems have brought to the payment industry.

It thus beckons on payment companies such as Visa and Mastercard to adjust their framework to accommodate the new financial order of things.

Amazon said that technology advancements should be making payment processing fees reduce, but complained that they were actually increasing.

Nigeria needs a super-pioneer in BNPL as this market is ready.

Amazon Divorces Visa UK Over Costly Transaction Processing Fees

Amazon Divorces Visa UK Over Costly Transaction Processing Fees

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Amazon has announced it will stop accepting Visa credit cards for payments in the UK from January, citing the cost of processing payments, which has made it too expensive to support them.

“As a result of Visa’s continued high cost of payments, we regret that Amazon.co.uk will no longer accept UK-issued Visa credit cards as of January 19, 2022,” Amazon said in an email sent to customers.

However, the e-commerce giant said it will continue to accept payments on Visa debit cards, as well as other credit cards from other firms, such as Mastercard and American Express.

The new rules highlight the impact of disruption decentralized finance (DeFi) and blockchain-powered payment systems have brought to the payment industry.

It thus beckons on payment companies such as Visa and Mastercard to adjust their framework to accommodate the new financial order of things.

Amazon said that technology advancements should be making payment processing fees reduce, but complained that they were actually increasing.

“The cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers,” the company said in a statement.

“These costs should be going down over time with technological advancements, but instead they continue to stay high or even rise.

“With the rapidly changing payments landscape around the world, we will continue innovating on behalf of customers to add and promote faster, cheaper, and more inclusive payment options to our stores across the globe.”

A Visa spokesperson said the company was disappointed and hoped to resolve the situation before the deadline went into effect.

“UK shoppers can use their Visa debit and credit cards at Amazon UK today and throughout the holiday season,” the company said.

“We are very disappointed that Amazon is threatening to restrict consumer choice in the future. When consumer choice is limited, nobody wins.

“We have a long-standing relationship with Amazon, and we continue to work toward a resolution, so our cardholders can use their preferred Visa credit cards at Amazon UK without Amazon-imposed restrictions come January 2022.”

Fintech and cryptocurrencies have provided alternative payment systems that are tremendously being adopted. One of the key factors driving the wide adoption is cheap transaction processing fees, which was made possible through the elimination of intermediaries.

The backdrop poses a huge challenge to traditional payment firms, as the adoption of blockchain and fintech means losing their clients. Though some, like Mastercard, who has been partnering with other payment companies, are redesigning to tag along the shift, others are still stuck in their costly traditional system, and it’s beginning to tank their customer-base.

TikTok Delves into Professional Social Network Through Partnership with Contra

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The brand is growing

TikTok has been adding new features in a bid to widen the scope its usage, thereby growing its user-base. The short video app has welcomed many new ideas outside its original business, incorporating them through partnership with different companies.

To this end, Contra, a professional network for freelance workers, has jumped on the bandwagon, partnering with TikTok to allow users to showcase their resumes and portfolios via TikTok Jump, the social media service’s third-party integration tool.

The partnership marks TikTok’s indirect delve into professional networking, and signals that there will be more features in the future to accommodate new ideas.

The new partnership will allow creators to link their Contra profile to their TikTok videos to showcase their professional portfolios, TechCrunch reports, explaining that other functions of the integration and what the companies hope to achieve with it.

With this new integration, creators can now add a “View My Portfolio” link to their TikTok content. Viewers will then be able to tap the link and see the creator’s Contra profile, check out their services and send a request to collaborate.

Contra says the integration makes it easier to share professional work and get new client leads. It plans to launch another Jump integration that will allow companies that are hiring to post TikTok content with a link to apply to the job directly with the viewer’s Contra profile. The company says the partnership allows independent workers to replace traditional resumes with more engaging methods to showcase their work.

“TikTok has become one of the leading places for people to get career advice and find out about amazing roles, so it only makes sense that creators should also be able to showcase their amazing professional work on the platform,” said Contra founder and CEO Ben Huffman in a statement.

Earlier this year, Contra raised a $14.5 million Series A led by Unusual Ventures, with participation from Cowboy Ventures and Li Jin’s recently announced Atelier Ventures. Two weeks ago, the company brought in $30 million in Series B funding, led by NEA, with participation from Unusual Ventures and Cowboy Ventures.

The platform wants professionals to create profiles that show project-based identities, versus a role-based identity that one would show on LinkedIn. Contra’s goal is to help independent workers create high-signal referral networks so they can land new opportunities. Unlike LinkedIn, where you can add anyone you meet and they become a “connection,” Contra requires you to have work experience with your network.

The company’s partnership with TikTok allows it to reach more millennial and Gen Z users and possibly help them land new opportunities. Since launching TikTok Jump in June, the social media giant has partnered with many companies, such as Quizlet, Wikipedia, BuzzFeed and Jumprope, to allow them to create their own integrations within its app.

TikTok’s rapid-growing user-base is being driven by its integrated diversification that includes e-commerce. The social media company has recorded a huge number of users that saw it beating other social media platforms, including YouTube in user records.

In September, TikTok hit one billion monthly global users, a milestone for the company that was launched in 2016. In the same month, it surpassed YouTube for average watch time in the US and UK. The Contra professional network integration is expected to further boost the number of TikTok’s users.

Time and tide wait for nobody!

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An Igbo proverb says “Oge adighi eche mmadu” [Time and tide wait for nobody].

No matter what you do, pay attention to the technology-anchored cambrian moment taking place in major African cities. New species of companies are emerging and they will disrupt the ordinance of markets and economic architectures.

Because time and tide wait for none, even if you pay zero attention, this future of unbounded entrepreneurial capitalism is certain. #TakeAction.