Business
Crypto Currency: Investors Lament Irregularities, System Failure
Online digital currency investors otherwise known as Crypto market investors, are currently lamenting over some irregularities and system failure in the scheme.
Some of the investors who spoke to The Tide on the recent events in the market, blamed the management of the company, the Leverage Hub Consulting, which provided the platform on which they do business, for their misfortune.
They specifically blamed the Chief Executive Officer of the company, Mr Revelation Ohio, for not living up to expectations, particularly in properly guiding his clients on proper stable investment platform in the crypto space.
Lamenting over some losses he incurred, one of the investors, Ndubuisi Amadi, said he has lost good sum on two investment platforms introduced by Mr Ohio.
According to Amadi, the two platforms which he called the Mining City, suddenly disappeared like a Ponzi scheme and made him to lose so much money.
“I am not happy that the two investment that was introduced by the Leverage Hub, have made me to lose my hard-earned money, just after one month they were introduced to us with persuasion that they are good schemes.
“This was also similar to the Leverage Hub plan where we were told to invest for five years, but all of a sudden, everything collapsed, and it was difficult to get the refund, which was allegedly switched to the Zuga coin.
“In fact, I have lost confidence in Leverage Hub, because I am no longer seeing sincerity in the system, which I thought will continue to be the hallmark”, he said.
Another investor, Kelvin Walson, also decried continuous delay experienced in one of the top schemes, the Cash Fx of the Leverage Hub.
According to Walson, getting withdrawals from the system in recent times has become a challenge to those that have invested in the platform, with no time frame given.
“As I speak now, many of us in the platform no longer understand what is going on, whether the system is gradually crashing or what, I do not understand, and all the explanations given to us are not working still.
“I am just surprised how the Mining City crashed, and our investment lost, and the man directing us has not said anything about that”, Walson lamented.
Meanwhile, the state of affairs in the Leverage Hub appears to be uneasy with investors in the company, many of whom now seek a refund of their investment money from the company.
A visit to the company’s office revealed that many investors are tired of the system, as they seek not to continue in a business they can no longer have confidence in.
However, efforts to get the reactions of the management of the Leverage Hub Consulting have not succeeded as at the time of going to Press as the phone number of the company’s Managing Director, Revelation Ohio, was switched off.
By: Corlins Walter
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter