Tag: millionaire

  • FCMB Millionaire Promo Season 5 begins

    FCMB Millionaire Promo Season 5 begins

    First City Monument Bank (FCMB) Millionaire Promo Season 5 has commenced. The promo is expected to empower, reward and enhance the experience of its customers.

    Over 20,000 customers of the bank had won various prizes including cars, cash (ranging from N1 million to N5 million), refrigerators, phones, decoders, television and power generating sets at previous draws.

    In a statement, the bank explained that ‘FCMB Millionaire Promo Season 5’, which runs from March to October this year, is targeted at all segments of the society, especially existing and potential savings account customers of the bank.

    This however, excludes salary and domiciliary account holders. The promo has been designed to provide extra empowerment value to customers of the Bank, reward them for their loyalty over the years, while also encouraging financial inclusion, the establishment of small scale businesses as well as the development of a savings culture.

    During the promo, various exciting prizes will be won by qualified customers. While four lucky customers of the Bank will each win the star prize of N2 million at the grand finale of the promo scheduled for November this year, 12 others will be rewarded with N1million each at the regional draws that will respectively hold in May, July and September. Other fantastic prizes to be won include 160 units of LED television sets, 160 power generating sets, 640 smart phones, 320 tablets and 800 decoders among other consolatory takeaways.

    To participate, all an existing or a new customer of the Bank needs do is to increase his or her balance by N10,000.00 in any of the eligible savings account and maintain it for 30 days to qualify for the Zonal and Regional electronic selection of winners where the star prize of N1million and other fantastic prizes will be won.  Multiple savings of N10,000.00 will increase chances of winning.

    To qualify for the grand finale draws, existing and new customers are to increase their balances up to N50,000.00 and maintain it for 30 days. Multiple savings of N50,000.00 will also increase the chances of winning.

     

  • Graduate turns millionaire repairing cars

    Graduate turns millionaire repairing cars

    After their degrees, what preoccupies the minds of many graduates is how to get white-collar jobs. But, this is not so for Taiwo Abiri, an Economics graduate of the Obafemi Awolowo University (OAU) in Ile-Ife, Osun State, who makes millions from a vocation many educated youths see as dirty – automobiles repair. Taiwo shares his experience with NIYI ADERIBIGBE (an Online freelancer). 

    He studied Economics because his sister said it was a good course. After his degree, Taiwo Abiri, a 30-year-old graduate of Obafemi Awolowo University (OAU) in Ile-Ife, Osun State, was advised to put in for Master’s in Business Administration (MBA) by his parents, who had high hopes that their son would end up in an exquisite office, where he would earn a six-figure salary. But, all these were never Taiwo’s dream. All he wanted was to be an auto mechanic.

    In Lagos, the country’s commercial nerve centre, the Ibadan-born Taiwo is living his dream. He is making money by getting his hands dirty.

    Taiwo
    Taiwo

    After years of learning on Youtube and reading books on how automobiles work, Taiwo’s interest was kindled.This made him to  shelve his plan for MBA as advised by his parents. In pursuit of his dream, he set up a makeshift workshop in Lekki, Lagos.

    He said: “I wanted to go to a technical school in the United States (U.S.) to learn about car repairs but I could not go because my parents did not initially support what I chose to do. A school gave me admission in the U.S. but I did not have the money to pursue the career. My parents wanted me to go for MBA. My dad said it is a bad idea for a university graduate to think of becoming an auto mechanic.”

    Without his parents’ support, Taiwo, then unemployed, was financially constraint to start up his business. To raise money, Taiwo decided to work as Assistant Portfolio Manager at a real estate firm.

    He said: “I had just one thing in the mind when I got the job. I said I would work for a year and save enough to learn how to repair cars and start my car repair business.”

    Taiwo explained how he saved throughout the year to establish his own business. He resigned after 13 months at the real estate firm and enrolled for apprenticeship at an auto garage owned by Lebanese businessmen in Lekki. He said he made sure that no one knew he had a degree.

    “I wanted my technical instructors to treat me the way they treated every other person there,” he said, adding that he worked for the Lebanese company for 20 months without being paid.

    While at the Lebanese workshop, Taiwo said the knowledge he got from Youtube gave him an edge over other trainees and made him to use computerised tools, which his colleagues found hard to operate. After his stint at the Lebanese firm, Taiwo started buying auto repair tools from his personal savings and donations from his U.S.-based brother. He established Motomi, his own auto repair firm, in Lekki.

    Starting with the repair of family and friends’ cars, Taiwo today boasts of several corporate firms as clients. He said his company is the official mechanic for corporate organisations, such as Century Energy, Four Points by Sheraton Hotel, Falcon Gas, AA Rescue, Structon Construction Company and Computer Warehouse Group, among others.

    To him, the video streaming platform played a critical role in shaping his dream for the future. Last year, he made N25 million and he is just starting.

    “I haven’t even done up to half of what I have in my business plan even though people see me as a millionaire,” Taiwo said, adding: “I can’t tell you all.”

    He went on: “But, we will soon start our express service. Clients can invite us and expect us to get to them in record time to fix their vehicles; whether their cars broke down on the highway or the fault happened while they were at home.”

    While he nurtures his brand, Taiwo said he has provided jobs for a number of youths, who work with him as trainees and partners.

    He said there were plans to start Motomi Express 24/7 to ensure his clients are served round the clock.

    While he makes money from his vocation, Taiwo said it is not all rosy for his business. He said accessing loans to boost his business remains a major challenge in his bid to implement his business plan. He said: “I approached the Bank of Industry to see if I could get a loan but they told me that they only give loans to manufacturing companies and not to service companies. I was discouraged because people like me need to be encouraged to set up world-class business in auto repair and servicing.”

    Taiwo said he was hopeful there would be investors to fund his big plans, one of which includes setting up a model technical school where graduates would learn auto repair skill to make them self-reliant.

     

    Editor’s note: The report first appeared in The Nerve Africa

  • Skye Bank’s millionaire reward scheme for Aba

    Skye Bank’s millionaire reward scheme for Aba

    The peaceful town of Aba in Abia State will come alive on Thursday, January 21 as it brings another opportunity for new winners to emerge in the ongoing Skye Bank’s “Reach for the Skye” Millionaire Reward Scheme.

    The “Reach for the Skye’’ millionaire reward scheme which started last year and has taken place in  Ibadan,  Onitsha, Benin, Federal Capital Territory, Abuja  and Lagos, will hold at the Ariaria market, Aba.

    A businessman and past winner of the scheme in the 1 million naira category, Kazeem Saheed Owolabi expressed how winning the large sum erased previous doubts he had for the promo. Owolabi explained that since his winning, he has become a stronger ambassador for Skye Bank.

    Narrating his experience, he said that, “My phone rang that afternoon, and I was told I had won a million naira from the Skye Bank “Reach for the Skye” Millionaire Reward Scheme. At first, I did not believe, until I was invited to receive my cheque. I am super excited and I really appreciate Skye Bank for this laudable initiative.”

    According to the Head, Retail Banking, Skye Bank, Nkolika Okoli, the Skye Bank Millionaire Reward Scheme would also afford traders and those present at the Ariaria Market during the draw an opportunity to open accounts with the bank or upgrade from other types of accounts to the Save Plus account to qualify for the next month’s draw while winning exciting instant prizes like generators, refrigerators, household appliances and other prizes.

    Okoli added that, “At Skye Bank, we cherish and value our customers and we embarked on this journey as a bank that is committed to continuous reward of customers’ loyalty. This is our seventh edition. We are stepping out of the usual dynamics of rewarding qualified savings customers monthly by also giving instant gifts to customers who open new accounts on the spot.”

  • Millionaire investors buying up farm lands

    Some prominent Nigerians, including wealthy foreign investors, are purchasing huge tracts of land for farming with projects worth millions of naira. Many of these lands are being used for cassava, plantain, fish production and other food production.

    The Nation learnt that the investors, which spread across the Southwest, are investing in the area because of lower costs for land, taxes and human resources. They are using agents to acquire large agricultural properties  in Ogun State.

    Many of the investors get arable land very cheap and are  required to create jobs for the locals in exchange for the acquisitions.

    According to an expert, Debo Thomas, investment in agriculture is important, adding that this is responsible for the pace of land buying that has been phenomenal. In Oyo and Kwara states, Thomas said individuals and consortium have bought 5,000 to 10,000 hectares for cashew and arable farmers.

    He said the rush to buy farmland is being encouraged by investors who are desperate to modernise farming methods and increase crop yields to feed rising populations.

    In the last few years, The Nation learnt that the pressure had been on farmlands in Ogun State. In some areas, an acre goes for between N300,000 and N900,000. The state provides investors access to land as well as the ability to move profits out of the country.

    The state also provides attractive incentives, including income tax holidays, for foreign buyers who can buy large plots of land for agriculture and food processing businesses.

    Consequently, the state is benefitting from investments directed at ethanol production while there are large-scale commercial farming and beef and poultry production in some areas.

    Last month, the Raw Materials Research and Development Council (RMRDC) said Nigeria would partner a Chinese firm Sang-Liang Technology Development Centre (STDC) to grow sweet sorghum.

    The statement was issued in Abuja,  by Chuks Ngaha, RMRDC’s deputy director of public affairs unit, said  the development was part of its efforts to add value to local raw materials to stimulate employment opportunities and create wealth for the nation.

    “The council is established to develop raw materials and facilitate the adoption of machinery and processes for raw materials utilisation.

    “The agreement with STDC is for the processing and development of sweet sorghum into food and industrial and energy products to add value to local raw materials and create wealth,’’it added.

    The statement explained that the council would receive the franchise for the distribution of the improved sweet sorghum seedlings, planting materials and its technology in West Africa.

  • FCMB’s millionaire promo excites customers

    FCMB’s millionaire promo excites customers

    Customers have commended First City Monument Bank (FCMB) Limited for initiating and supporting activities designed to empower the society.  Winners of N5 million and N1million, respectively, at the grand finale of the Lagos & Southwest Regional draw of the FCMB Millionaire Promo held on August 19 across the country, Nkem Egwuonwu and Mrs. Philomena Ewohimen, commended the lender for its kind gesture.

    Speaking yesterday during the cheques presentation ceremony in Lagos, Egwuonwu described the bank as a true partner in progress. According to him, ‘’one of the hallmarks of any responsible corporate organisation is the ability to maximise the wealth of its customers. FCMB has continued to show over the years that it is committed to help customers grow’’, adding that, ‘’I am proud to identify with the bank’’.

    ‘’FCMB Millionaire Promo will go a long way to turn around the fortunes of many people. I therefore urge existing and incoming customers to fully participate in it,’’ he said.

    Mrs. Ewohimen, who won N1million, said: ‘’Today is one of the happiest moments in my life. FCMB has made me proud. This money will help me a lot to further develop myself.

    ‘’Since I opened an account with FCMB, I have not had any cause to regret and I believe that I will continue to grow with the Bank, because it has proved that it stands for the progress of the people.’’

    Deputy Director, Consumer Protection Council (CPC), Mr. Joshua Nggada, hailed the lender for conducting the promo and the draws ‘’with integrity and transparency’’.

    He said: ‘’FCMB followed due process from the beginning of the promo till the emergence of the various winners.

  • First millionaire emerges in Sterling Bank’s promo

    First millionaire emerges in Sterling Bank’s promo

    A couple, Mr. and Mrs Ojigwe has  won N1 million in the special holiday draw of the Sterling Bank Cash Reward Promo.

    The elated couple, who has a joint account with the bank, received the prize at the headquarters of the bank at the weekend.

    Also, Mr. Adams Joshua Terna, who won N500,000 in the quarterly draw, also received his cash.

    New Sterling Plus is a hybrid offering with the promise of many goodies and freebies, such as free Lenovo smartphones pre-installed with Sterling Mobile banking application and loaded with ‘cool’ financial and entertainment apps and cash rewards, among others, for customers.

    The promo started in June and is aimed at rewarding loyalty and encouraging a savings culture.

    The bank’s Executive Director, Finance & Strategy, Abubakar Suleiman, congratulated the winners, assuring them: “Sterling Bank will continue to demonstrate its commitment to building an enduring relationship with its customers and in the process enrich their lives.”

    Ojigwe praised the bank for fulfilling its promise. Terna said: “This is the first time I am winning anything in a promo. This came to me as a big surprise but I am happy about it. Sterling Bank has demonstrated transparency in the way they have handled the entir

  • First Konga affiliate millionaire emerges

    Konga.com has announced the emergence of its first affiliate to make one million naira. He is Mr. Paschal Okafor, owner of the Naija Tech Guide website, a website focused on technology news, reviews, specs and prices of gadgets. It serves as a guide for making the right purchase decisions in the technology market.

    Mr. Okafor has been promoting products featured on Konga.com site for many months now and has cornered a commission of up to N1 million. He was recently hosted to a warm reception at the Konga Headquaters.

    Speaking about the emergence of the new Konga affiliate millionaire, Gabriel Gab-Umoden, Head of Marketing, said: “We are quite pleased with this new development. At Konga, we are always on the lookout for ways to reward our promoters and customers alike. And we are grateful for the support we have gotten from all our affiliates. We hope to make more people millionaires through this program.”

    The Konga affiliate initiative was initiated last year and tagged the ‘Konga Associate Program’. This was done in a bid to reward promoters of the Konga brand and to enable them earn some commission for every sale made through their media channels.

    Currently, the program has over 2,500 partners who are driving new users and sales to Konga.com. The partners use different media channels to promote Konga products – websites, search engines, social media networks, postings in forums, or email. They also get paid when a visitor sent to Konga.com via an affiliate link actually makes a purchase on the site.

    The Associate Program is open to anyone anywhere who is willing to promote Konga products for a commission.

    Also, as Konga celebrates two years of its existence, the online store has promised to appreciate its numerous customers by rewarding them with mouth-watering prizes for making the konga journey a successful one. Therefore, this week, customers stand the chance of winning N25, 000 when they shop using the Konga Android App. At the same time, the Konga anniversary sale has kicked off, featuring discounts of up to a whopping 70 per cent across all categories.

    Speaking at the anniversary, Sim Shagaya, Chief Executive Officer, Konga.com, said: “As Konga turns two, we wish to express our gratitude to all our customers. In just two years, Konga has been able to revolutionize the way Nigerians buy and sell online. The transition from being just a retailer to a marketplace that provides economic opportunity has also been a successful one as Konga now features thousands of merchants selling products on the site. It has been a great two years, and for this, we say ‘thank you’ “

  • The millionaire in you

    The millionaire in you

    Inability to discover and maximise one’s latent potential accounts for why most people have not achieved their purpose in life. This also explains why most people have not attained their desired financial independence because they do not realise that they have the millionaire potential within them. This is why I want us to examine this text titled: “The Millionaire in You” this week.

    The book is written by Dr. Michael LeBoeuf, a renowned business-management consultant, professional speaker and seminar leader. LeBoeuf says there are only four things you need to know about money. These are: How to make it; how to save it; how to invest it; and how to enjoy it.

    According to LeBoeuf, only very few people manage to do all four, although almost anyone can. He says the purpose of writing this book is to make you become financially independent and enjoy the same freedom that he enjoys.

    This book is segmented into three parts. The first part is tagged “See it!” According to LeBoeuf here, anybody today with basic common sense can become a millionaire. All it requires is the ability to see possibilities, and then know how to proceed and follow through. He says four major insights are central to the issue of making money. The first insight is called the “Time and Wealth Grid”.

    In LeBoeuf’s words: “It’s the scourge of modern-day living that plagues most of us: If you have money, you don’t have the time. If you have lots of time, you’re hurting for money. And most of us could use a whole lot more of both. Welcome to the time/money trap.”

    According to him, to get out of the time/money trap, you have to understand how you got there in the first place. We fall into the trap by thinking with a paycheque mentality, says LeBoeuf. He educates that because most of us think with a paycheque mentality, we assume that having more of one requires sacrificing some of the other. LeBoeuf adds that time and money are not one-dimensional trade-offs unless we assume they are and choose to live our lives that way.

    As regards the second insight, LeBoeuf discusses his law which says you should invest your time actively and your money passively. “Actively investing your time means deciding how your time will be spent rather than spending it according to current circumstances or the dictates of others,” he educates.

    LeBoeuf says the third insight of wealth-creation is simplicity, and it is the master key. The last insight discussed is higher life expectancy tagged the “Twentieth century’s greatest gift”. He stresses that though marked by financial challenges, the higher life expectancy guarantees the advantage of having more years to pursue wealth. LeBoeuf therefore suggests that you should resolve to make the most of your longevity bonus; create your own endowment; and realise that delayed gratification is not denied.

    In the second part of this book summarily christened “Do it!”, the author discusses ten choices for achieving personal and financial freedom. These are that you should live the life you want instead of the life others expect; stack the odds in your favour instead of against you and be a super saver instead of a big spender; increase the market value of your time instead of working long hours.

    Others are do less better instead of trying to do it all and capitalise on the unexpected instead of being derailed by it; own the market instead of trying to beat the market; limit your losses instead of letting bad luck ruin you, etc.

    In the last part, he says you should celebrate and enjoy. “Congratulations! You’ve reached the winner’s circle, where you can enjoy the harvest of your years of learning, working, saving and investing. You now have the freedom to spend your time any legal way you want,” asserts LeBoeuf.

    He says having abundance of money and time puts you in control of your life, but it is not going to automatically make you happy. LeBoeuf advises that once you reach financial independence, doing the following four things can greatly enhance the quality of your life: Stay financially independent and out of the time/money trap; make it a point to keep physically and mentally active; experience the joy and personal satisfaction of giving back and making the world a better place; and finally, realise that the true joy lies in the journey.

    On conceptual assessment, there is no denying the fact that this book is a treasury of exceptional financial and career-enhancement-strategy knowledge. As regards the mode of presentation, one thing that always works for LeBoeuf is the simplicity of his language and uniqueness of presentation, which he has also exhibited here.

    The tips offered in this book are illuminating and motivating. He uses literary/classical allusions to achieve conceptual amplification and lend credibility to his message.

    However, some areas seem restated. But the mastery with which he does the restatement makes one believe that it is a deliberate stylistic attempt to create emphasis as well as long memory on the part of the readers.

    On the whole, this text is a classic. It is highly recommended to those who aspire to achieve permanent financial abundance, freedom and enjoyment.

  • The millionaire fishermen of Delta

    With over 14,500 ponds spanning five clusters located on miles of swampy land, the Uvwie Fish Farmers Multipurpose Society in Uvwie Local Government Area of Delta owns what is arguably one of the biggest fish farm settlements in the West African sub-region.

    About six to nine tons of catfish is produced daily from the ponds, owned by over 6,500 members. This fish flood the markets of Effurun, Warri and other neighbouring towns. This has helped stabilise the price of fish in the past three years.

    The Chairman of the society, Deacon Henry Ogbodu, told a team of United Nations Industrial Development Organisation (UNIDO) recently brought in by the Delta State Ministry of Poverty Alleviation that with technical support and assistance his members could produce catfish to feed a good percentage of the nation’s population.

    Already, he said the intervention of the Delta State Government through the Commissioner, Dr. Antonia Ashiedu in the past four years has boosted production from barely over 1,000 pounds in Ekpan to its present capacity.

    Interestingly, the farm is owned by thousands of hitherto unemployed locals, who decided to take their destinies in their own hands instead of waiting for government to provide job. These entrepreneurs now employ thousands of youths from Ekpan and other communities in Uvwie Local Government Area. This has in turn reduced the restiveness in the crisis-prone kingdom.

    Ufuoma Idama, an Industrial Mathematics graduate of the Delta State University, owns six large ponds. He told our reporter that he gave up on job hunting after several years of scouring the ‘Wanted’ pages of newspapers for opening and hundreds of job interviews ending with promises of “We will get back to you” that never materialised.

    When The Nation visited the massive farm located off Ufuoma Street in Ekpan recently, the young man was bustling with confidence. Why not? He owns six ponds, some of which are ripe for harvest that could yield profit of up to N500,000 each after six just months.

    “It is not all rosy; it takes a lot of hard work because this business is really cabbage in cabbage out. You must invest money, time and your attention to get the best of the farm,” he told our reporter.

    Ogbodu told the team led by UNIDO’s Senior Industrial Development Officers/Chief Rural Entrepreneurship and Human Security Unit, Aurelia Calabro-Bellamoli that fish produced from the farm were as tasty as those from the river because they are bred with water from the nearby river, which is channelled or piped through webs of canal through the ponds. He explained that the six-hourly high and low tide of the river fill and drain the ponds, eliminating stagnancy which is harmful to the fish.

    He commended the government for its support, particularly in the area of providing infrastructure, including tarring the road leading to the farm; technical and manpower development training, which saw the training of over 200 members at the Nigerian Institute of Oceanography and Marine Research (NIOMR) in a train-the-trainers programme that has benefited thousands of its members.

    The most viable support, he said, was the micro credit loans given to member, which led to production leaping by over 1,400 per cent in the past four years. The loan, which has grown to tens of millions over the past two years, he said, has helped members expand to no end.

    Yet, the fish farmer said the society was not without challenges. He listed some of the tests facing his members to include fund for expansion, technical support, particularly in the area of fingerlings, value addition through packaging, smoking and marketing of their products.

    He said: “We need technical support to produce feed to reduce our cost of production. We also need funds for new and improved fingerlings, water treatment. We also need value addition because the local women who buy from us cannot cope with the volume of fish we produce. We want to be able to export to other states and possibly outside Nigeria.”

    He further added, “For instance, our members cannot produce optimally in order not to create glut in the market. We can only harvest about nine tons daily, even though we have the capacity to produce up to 15tons.”

    Of the nine tons of fish produced daily, he said about 10 – 20 percent were smoked by women who have located their businesses in the heart of the farm to provide ready services to consumers.

    However, Ogbodu, whose ponds have increased from two to 200, recalled a sad period when crude oil from a leaky barge wiped ponds of his members in 2011. He said efforts to get the alleged pollutant – neighbouring Chevron Nigeria Limited – to compensate his members who lost millions of naira failed.

    “What was lost as a result of that incident put so many of us out of operation. Credit facilities that were taken for cultivation went down the drain. The issue remains a very bitter experience for us, but we believe that one day justice will be served,” he added.

    Calabro-Bellamoli commended the leadership of the farmers, noting that “in those days the big fish eats the small one, but with cooperation, the small fishes now eat the big ones.”

    While urging the coops member not to sleep, the UNIDO team leader assured that it will work with the Delta State Government to bring the fish farmers “a little ahead through value addition that is sustainable.”

    Other members of the team include Frank Hartwich and Jesse Ojobo, agric experts as well as Jaroslav Cabak, who is a leather product expert. They promised to have more interactive sessions with the farmers in order to find the best form of help to offer them in the areas listed by Ogbodu in his address.

  • 8 year-old wins Airtel’s NGT N10m  star prize

    8 year-old wins Airtel’s NGT N10m star prize

    Dancing sensation Amarachi Uyanne has won the N10 million grand prize of the Nigeria’s Got Talent Season One reality show sponsored by  Airtel Nigeria.

    She won through a public voting process  managed by Forbes Limited.

    Amarachi, who was unveiled at the weekend at the grand finale of the reality show in Lagos, beat top contender, Violinist Godwin Ogechukwu and eight other finalists to get the winner-takes-it-all prize.

    The eight years-old primary five pupil from Igbodo in Delta State is now the youngest non-inheritor millionaire in Nigeria having broken the previous record set by Solomon Ebuka Nwanke Ubani who became a millionaire at age 20.

    Amarachi emerged from a cast of ten finalists, reduced to six, then four and finally three based on votes cast by viewers. Voting ended on Friday, December 7, 2012.

    Chief Executive Officer and Managing Director, Airtel Nigeria, Rajan Swaroop  assisted by the CEO of Rapid Blue Format and Optima Media Group, Mr. Rotimi Pedro presented the winning cheque of N10million to Amarachi, with her mother in tow.

    Rajan Swaroop said at the event that Airtel Nigeria is committed to creating platforms that would help to discover and nurture talented Nigerians to stardom just as he expressed satisfaction over the organisation of the NGT.

    An elated Amarachi after receiving her cheque, said she would use part of the money to support orphans and to pursue her ambition of becoming a medical doctor.

    “I am happy that I won. At first I was afraid and thought I would lose, but thank God I won in the end. I want to help orphans with the money, and also for the education of my two siblings as well as mine,” Amarachi said.