Tuesday, 23 August 2016

26-year-old Nigerian emerges the youngest PHD Law graduate in University of Pretoria





By Musah Idriss -
Feb 9, 2016

The Centre for Human Rights, University of Pretoria on February 3, 2016, introduced its youngest doctorate graduate, Dr. Romola Adeola. According to the Institute, at just 26 years of age, Romola has set a record in being the youngest person to obtain a Doctor of Laws degree (LLD) in the 30-year history of the Centre for Human Rights.
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Furthermore, she is only the second youngest person to achieve this in the Faculty of Law, University of Pretoria since its establishment 107 years ago. She distinguished herself by completing the LLD in less than 3 years.
This record is in keeping with a pattern of excellence which Romola has maintained since her undergraduate years at Lagos State University (LASU) where she was awarded the Taslim Olawale Elias Prize for the Best Student in International Law.

Source: Centre For Human Rights, University of Pretoria

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Saturday, 20 August 2016

World Choir Olympic in Russia: Nigeria receives international acclaim winning 2 gold medals

Nigeria shines at World Choir Olympics in Russia
By Chuks Nwanne   |   The Guardian | 20 August 2016   |   4:33 am |


Nwokedi, conductor of the choir.
No matter what happens in the on-going Rio Olympics in Brazil, Nigerians have every reason to celebrate, as the country has again received international acclaim and accolades in the choral music Art. Two of the country’s choirs, The Lagos City Chorale (LCC) and Mountain Top Chorale, are back in the country with gold medals from the just concluded World Choir Olympic held in Sochi, Russia.
Earlier in May, Lagos City Chorale had an 11-day tour of Germany at the invitation of the Confederation of German Choral Association. The group was invited to present African/Nigerian sacred music at Musica Sacra International (International Festival of Sacred Music) in Marktoberdorf, Germany, where they gave a total of 11 concerts of exclusively Nigerian Sacred choral music.
For the LCC, going for its third World Choir Olympics in six years was a big challenge, especially with the dwindling economy our country is experiencing at the moment. However, they mustered last minute courage to attend the world’s largest choral festival and won Gold with a tiny contingent of 10 singers, about 10 per cent of the numerical strength of some other choirs in attendance.

Despite their tiny numerical strength and other challenges, the group still pulled their weight to win gold medal in the champions category, the highest category of the competition.
Also, one of the choirs from Mountain of Fire and Miracles Ministries, The Mountain Top Chorale, fully sponsored by Dr. D.K. Olukoya, the General Overseer, participated in the global festival and gave an outstanding performance, which also earned them Gold from the champions competition.
The 10-days festival featured 260 choirs from 75 countries, each presenting brand of their country’s choral music. Different types of choir that featured are young children’s choirs, youth choir of equal voices, vocal ensembles, senior choirs, jazz and gospel choirs, male choirs, female choirs, mixed chamber choirs and full mixed choirs. The choirs contested in Mixed Choir, Musica Sacra (Sacred Music) Musica Contemporanea, Music of Spirit and Faith, Gospel, Pop, Folklore, Scenic Folklore and Negro Spiritual categories.
For 10 days, Sochi was the world’s cultural capital and a melting pot for different cultures of the world. Each country proudly displayed her culture embedded in indigenous choral music, traditional musical instruments, costumes and choreography. The Nigerian contingents were not left out, as they delightfully presented Nigerian indigenous choral music with traditional music instruments, adorning different attractive fabrics in National colours.
The opening and closing ceremonies were most colourful and unreservedly attracted felicitations from the President of the Russian Federation, Vladimir Puttin; the attendance of the Deputy Chair of the Russian Federation, Olga Golodets, who is also the chairman of the organising committee of the 9th World Choir Games, Sochi.
Other top government officials in attendance include the Minister of Culture of the Russian Federation, Vladimir Medinsky, who is the Co-Chairman of the Organising Committee; the Governor of Krasnodar Region, Veniamin Kondratiev and the Mayor of Sochi, Anatoly Pakhonov. The Interkultur team led by its President Gunter Tistch were on ground to co-ordinate events, while the Russian Choral Society with its Director gave tremendous support for the smooth running of the events.
“Of great significance is the total commitment and support given by all levels of government of the Russian Federation to the choral music art, which may be wrongly perceived as unserious by societies without good understanding of the impact of choral arts in the society,” leader of the LCC Emeka Nwokedi said.
The Olympic facilities used for winter Olympics in 2014 and being upgraded for 2018 FIFA World Cup were readily made available for the World Choir Olympics, thus underscoring the equal importance the Russian Federation has attached to sports and music. The Russian Federation, the Regional Government and the Administration of City of Sochi contributed significantly to the successful hosting of the world’s largest choral festival.

“Societies still with prejudice for organised choral music may borrow a leaf from the Russian experience where both sports and choral art were given balanced support and attention,” Nwokedi noted.
Choral music tradition is the soul of every culture, verbalised and heightened through the art of singing. The recent universal choral movement such as the world choir Olympics creates friendly bridge of communication amongst various cultures. It fosters international cultural co-operation and above all an instrument for peace and unity of the world. Choral music helps the preservation of rich cultural and historical heritage of any society. It brings acculturation to an unimaginable height with borrowing, adaptation and integration of different cultures.
The Lagos City Chorale has in the past six years represented Nigeria and won laurels and accolades at different world’s choral festivals in China, USA, Austria, Latvia, Germany and Russia. At the 2nd European Choir Olympics in Magdeburg, Germany in 2015, the group had a Special Award of Honour for continued contribution to the ideal of international understanding and peace initiative through music – an attribute not just to Lagos City Chorale but to Nigeria as her choir sings in unison and in harmony with other world choirs to bring peace to the world.
Breakthru Nigeria:
Documenting and promoting the successes of Nigeria and Nigerians.
Celebrating the heroes and heroines of our nation.


Nigeria claimed men’s football bronze at the Rio Olympics
By AFP   |   20 August 2016   |   5:00 pm



Nigeria’s John Obi Mikel (R) controls the ball during the Rio 2016 Olympic Games men’s bronze medal football match against Honduras at the Mineirao stadium in Belo Horizonte, Brazil, on August 20, 2016.
GUSTAVO ANDRADE / AFP
Nigeria claimed men’s football bronze at the Rio Olympics with an entertaining 3-2 win over Honduras in Belo Horizonte on Saturday to deny the Central Americans their first ever Olympic medal.
Two goals from Roma striker Sadiq Umar and namesake Aminu Umar’s fine finish early in the second-half put Nigeria 3-0 up.
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Honduras battled until the end, though, as Anthony Lozano and Marcelo Pereira headed home in the final 20 minutes to set up a nervy finish for the 1996 gold medal winners.
Hosts Brazil are aiming for their first ever football gold medal in one of the most anticipated events of the Games against world champions Germany at Rio’s Maracana with kick-off at 1730 local time (2030GMT).
Breakthru Nigeria:
Documenting and promoting the successes of Nigeria and Nigerians.
Celebrating the heroes and heroines of our nation.


Nigeria’s Central Bank Governor, Godwin Emefiele elected President of the Association of African Central Banks (AACB)

Nigeria’s Central Bank Governor, Godwin Emefiele elected President of the Association of African Central Banks (AACB)
By NAN   |   20 August 2016   |  

CBN Governor, Godwin Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has been elected as the President of the Association of African Central Banks (AACB).
Emefiele, who was elected at the 39th Ordinary meeting of the Assembly of Governors of the AACB, will be president of the association for the year 2016 to 2017.
This is contained in a communiqué issued in Abuja on Friday., adding that he would succeed Lucas Nchama, Governor of the Banque des tats de l’Afrique Centrale (BEAC).

To work with Emefiele are the governor of the Bank of Ghana as chairman of the West African sub-region; governor of the Central Bank of Mauritania, chairman of the North African sub-region; and the governor of the Bank of Central African States, chairman of the central African sub-region.
Also elected were the governor of Banque de la Republique du Burundi as chairman of the East African sub-region and governor of the Central Bank of the Kingdom of Swaziland as chairman of the Southern African sub-region.
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AACB announced that theme of 2017 Symposium will be “Prospects for monetary integration in Africa: Lessons Learned from the Experience of Momentary and Financial Integration of Europe”.
The 2016 Symposium themed was “Unwinding Unconventional Monetary Policies: Implications for Monetary Policy and Financial Stability in Africa”.
The communiqué stated that discussions showed that the unwinding of unconventional monetary policy measures, could have a negative impact on African countries due to the interconnectedness of economies.
African countries. It stated, face challenges, especially the depreciation of the exchange rate and the decline in capital flows which could result from an exit from unconventional monetary policies in the developed countries.
“On the other hand, the unwinding of unconventional monetary policy could be an opportunity for African countries to develop appropriate measures to strengthen their resilience in the face of exogenous shocks.
“In this regard, the Assembly of Governors, stressed that it is necessary for African countries to diversify their economies and improve exports, while limiting imports.
“It also emphasised the urgent need for coordination between monetary and fiscal policy,” the communiqué stated.
It stated that the Governors also examined the state of implementation of the African Monetary Cooperation Programme.
It also pointed out the inability of African states to sustainably meet some of the criteria for macroeconomic convergence.
According to the communique, this because of the negative impact of the international environment, including the fall in prices of raw materials and commodities.
The communique urged countries to strengthen implementation of structural reforms, improve the business environment and promote intra-regional trade to strengthen their resilience in the face of external shocks.
It also stated that the Governors reviewed the implementation of the work programme of the Community of African Banking Supervisors.

Breakthru Nigeria:
Documenting and promoting the successes of Nigeria and Nigerians.
Celebrating the heroes and heroines of our nation.



Simeon Ononobi, The Man Behind SimplePay; Nigeria’s Answer to PayPal

Simeon Ononobi, The Man Behind SimplePay; Nigeria’s Answer to PayPal
MAY 4, 2015 BY MUYIWA MATULUKO, TechPoint.Ng

 
 Simeon Ononobi is Founder & CEO of SimplePay, an innovative payments platform that allows users with an e-mail address and a bank account to securely and conveniently send and receive payments online, sort of reminiscent of PayPal. What SimplePay is doing is however very unique to the Nigerian market. “I don’t believe that you can just borrow something from America and use it in this environment. You have to get into the psyche of the individual”, Ononobi tells us.
SimplePay was awarded “Best Nigerian Startup” in the 2013 edition of Seedstars World Lagos. Ononobi went on to represent Nigeria at the global event where SimplePay emerged 1st runner up to secure $330,000 in funding. In the space of less than 2 years, the startup has grown to upwards of 60,000 transactions a month, amounting to about 80 to 100 million naira.
Without much further ado, meet Simeon Ononobi:
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Can you tell us a little about your educational and professional background before SimplePay?
I studied Biochemistry at the Federal University of Technology, Owerri. But as a self-taught coder, I’ve been a tech entrepreneur since I was about 16. My first business was called CompuversityCompuversity was a programme I built for teaching my colleagues in school how to use computers. People paid to come an watch other students teach different areas of computing. I made enough money from Compuversity to setup my own Cyber Café.
I have created and sold a lot of solutions for Federal Government, most notably YouWin and Project ACT Nollywood. I also worked with the present Minister of Finance, on her tech campaigns, when she was running for World Bank presidency. I also worked with GT Bank – I built their first mobile application which was the GT Bank mobile velocity.
 My most notable personal project was called Backup My Phone, which I build in 2003. It was the first online backup solution that was created in Nigeria. I later sold it.
Is it safe to say you have been an entrepreneur practically all your life?
Yes I have. Well, apart from one year when I worked for someone. I was trying to setup something new and I got stuck. I realised that even though I had been an entrepreneur for some years, I didn’t have the requisite knowledge of process management. I needed a structured company so I decided to go work for Logic Sciences for a year. I took the role of Northern Regional Manager, through which I gained the much needed understanding of the processes behind running a structured company.
Some are of the opinion that some of us are born to be entrepreneurs. By virtue of your experience, would you say you were born to be one?
I do not totally agree. I have mentored a lot of people who weren’t necessarily born to be entrepreneurs but today they are entrepreneurs. I believe that it depends on you finding that eureka moment where your solution works. For me that’s entrepreneurship — trying to solve a problem and getting it monetized. I don’t believe there’s anyone person that is made to be an entrepreneur.
What was the inspiration for SimplePay? Please tell us how it all began
Like most entrepreneurs will tell you, it was an accident. A big accident.
While I was still at Logic Sciences, I was sent to South Korea to learn more about Intellectual Property as it relates to IT. While I was there I decided I had learnt enough. So I decided to come back to Nigeria and build an eCommerce shop. I realised that over the years while I was growing up, I had amassed a lot of property – clothes and shoes and the like – I hadn’t worn for years because I was hardly ever home, most times I would sleep in the office. So I had this brainwave to start something like eBay with my own clothes and shoes. The idea was come back to Nigeria and setup. But when I came back, I realised there was a problem here with accepting payments online.
 I went out looking for existing solutions before I realised that it was not just me in the space who had the same problem. People that wanted to sell something as meagre as domain names had issues because there was no online payment processing. I went to Interswitch and eTranzact and I was told you had to pay hefty sums. So I decided to invest my time in finding a solution. I had some small money, enough to build my own gateway and process payments for people. That was the beginning of SimplePay. After that, I couldn’t go back to eCommerce. It was just too much stress, too much work. Too much trying to meet up with a lot of things. I can’t do the next big thing I want to do. I tried so many times to startup new ventures besides SimplePay and they all crash because I just don’t have time for it.
What makes SimplePay different from the other payment solutions in the space?
I know they’re so many people trying to do the same thing we are doing but makes us stand out is that we try to innovate, every time. We try to change what people are doing and how they’re doing it.

Imagine if you could, from one mobile app, check all your bank accounts. Imagine if there was an algorithm that can aggregate payments across all your bank accounts for a payment you need to make. That is what SimplePay is about for me. It’s not about accepting card payments online, no. It’s about changing the way people feel about payments. We want a situation where you don’t have to worry about payments any more. You just know that it is done. That’s why we are getting our PCIDSS license soon so that we can actually become the first payment gateway in Nigeria. This will enable us store card details, do recurrent payments and a lot of other things you haven’t actually been able to do in Nigeria.
I feel like not enough people know about SimplePay. Is this deliberate?
When I was building SimplePay I realised that a lot of customers had different needs and I did not want to fail them. I had members of staff who felt we needed to push out our prodcut aggressively but I didn’t think we could serve a 100,000 people without crashing. Why not build a solution that is customer-friendly before making some noise? We just got some very good investments and we’re trying to push into the market but first we need to have a full structure in place. So for now we are doing more of testing and user engagement. What we are building now is based 100% on users’ feedback.
What are some challenges you’ve faced so far running SimplePay
My biggest challenge would be not understanding a lot of things, particularly how to deal with bringing on board a lot of shareholders coming in and my ideas being diluted. You don’t know how to aggregate what you’re worth, what your take home is and all that stuff. It was difficult for me especially as didn’t know what to look out for. One needs to be careful not to get overly excited and lose focus. I’ve been fortunate to work with mentors that have put me through. It’s easier for me because I have foreign mentors that I have always dreamt about meeting who advice me on what to do. I think that’s what most local entrepreneurs don’t have — someone that actually looks out for them. Most local mentors I’ve had didn’t really help me. At the end of the day most of them were more focused on coming into the company for nothing.
 Was there ever a time you felt you had gotten to your breaking point with SimplePay?
When I started SimplePay, I heard a lot of “no”s. So I was always getting to that juncture were I felt it wouldn’t work and maybe I should leave the guys already doing payments do what they do. But I’m one person that always tries one extra day. I don’t care how many days that translates to. If it doesn’t work today, maybe we just try tomorrow. Oh, it’s a weekend, let’s try on Monday or let’s try on Tuesday, maybe Monday didn’t work because there was too much traffic. It’s just that tenacity and strength to say “let’s just try one more day and if it doesn’t work tomorrow, maybe we’ll quit” that makes the difference.
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There was a time when SimplePay wasn’t making any money and staff were getting really agitated. So I had to sell off virtually all my property, just to be able to pay staff and let them go. Then I sat back down and started over on my own. Our customers didn’t notice there was a break. I would pickup the calls for customer service, changing my voice and persona for every other customer. I did all these just to last “just one more week”. Sometimes I would get my wife to take on some personas. None of our customers had any idea that the people answering calls, making the calls and responding to emails were one and the same person – the CEO. They were just enjoying the service. I just kept telling myself “just one extra day” and then one day Seedstars happened and everything started falling in place.
What are your views on mobile money? Does it have a place in the future of payments in Nigeria?
Mobile money will never pick up. In my opinion, mobile money is for illiterates. I say this because Nigerians have grown too educated to want to use mobile money. We want the latest phones. I mean my mother-in-law called me the other day raving about the latest Samsung phone that she wants. That’s how far we’ve gone. It doesn’t make sense telling us to degenerate from bank accounts to SMS and USSD. Nigerians are too “efizzyfied” for that.
 

I don’t see the difference between my bank account and my mobile money account. Why don’t we all just innovate our bank accounts to create something unique? You know, teach Americans how to do it right not copy from the Kenyans. Why can’t our established banks be localized in such a way that those banks become institutions that you can use to help payments, and not the way around? Rather we have banks launching eCommerce stores, competing against their own customers with an unfair advantage. The banks won’t charge any commissions on their eCommerce store but will charge transaction fees on customers’ proprietary platforms. That’s very unfair. The banks are killing the entrepreneurship spirit they’re are supposed to be building. That’s why a Citibank is more likely to acquire a PayPal than a Nigerian bank acquiring SimplePay. Rather they want to create their own SimplePay. We cannot grow big that way. You can’t get the best talent (founders) that way.
We need to understand that there’s a difference between a bank, a FinTech and a startup. We should could get to a point where we are all collaborating to make sure that payments work and start exporting what we do here, not importing what we think is better out there.
What advice would you give budding entrepreneurs out there?
Do the right things. Do the wrong things. Fail as much as you want. Don’t be afraid of failure; I failed more times than I’ve been successful so, I’m not afraid of failure anymore.
Try and get friends and family to believe in you because they’re the ones that can help you grow. Stay focused on what your dreams are. But if it’s not working stop and change what you’re doing. Don’t get stuck and lose everything. This took me a while to grasp but I’ve learnt over time not to get sentimentally attached to what I’m doing. Tomorrow I can sell off everything about SimplePay and start something new. There was a time when I used to believe that any idea I got was a billion dollar idea. But today I’ve realised that’s untrue. Getting sentimentally attached stops you from innovating and trying to change the world.
What’s the big picture for SimplePay in say, the next 3 to 5 years
 We see a future where when you see a Mastercard and Visa logo, a SimplePay logo is stacked right beside them. That’s where we see ourselves. We want to compete in the big waters, in payments. We also want to help people change the way they do payments.
I am the Chief Wordsmith. I tell Africa’s success stories. Send all correspondence to info@techpoint.ng



Breakthru Nigeria:
Documenting and promoting the successes of Nigeria and Nigerians.
Celebrating the heroes and heroines of our nation.