Business

Rider Lotto Launches in Lagos, Insists on Transparency, Integrity and Enrichment of Families

Published

4 years ago

September 30, 2019

Eric

By Eric Elezuo

Barely three months after its maiden introduction to the Lagos public, the brand new lotto of choice, Rider Lotto, by Ridersports Software Nigeria Limited, has officially flagged off its activities for in the city of Lagos.

The flag off which coincided with its first raffle draw was held at the Ibis Hotel, Toyin Street, Ikeja, Lagos in the presence of prolific citizens such His Royal Majesty, Oba Kazeem Salami, the Osoabi of Imakun Omi, Rider Lotto brand ambassador and Fuji music maestro, Dr. Saheed Osupa, Nollywood actress, Foluke Daramola; Yomi Fash Lanso, senior staff of Ridersports Software Nigeria Limited and the general public.

The event, a gathering of transparent betters and lovers of well organised betting platform, kick started with a show of love for His Royal Majesty as a traditional troop displayed beautifully to his honour.

Foluke Daramola, Mr. Omotosho, Mrs Kemi Omotosho, Dr. Saheed Osupa, Oba Salami and guests cut the launch cake

Addressing the gathering, the Chairman Rider Lotto, Mr. Okay Omotosho said the new lotto regime is has a singular reputation of being established with trust, integrity and transparency, stressing that those will form the bedrock for all its dealings with the public and otherwise.

Mr. Ola Omotosho, affirmed that the company is poised to change the face of lottery business in the country as it pledged to stick to international best practices, and operate within the ambit of the law of the land.

He noted that the company is not new in the lottery business as it has established outlets in Benue and Plateau states before berthing in Lagos as the third state of operation in Nigeria with the sole intention of alleviating poverty.

Mr Omotosho loading the roller with balls

“Our motive is to alleviate poverty through lottery…with a paltry amount of one hundred naira, you could achieve your lifetime dream by winning a whoppoing one million naira guaranteed money and instant fortune,” he said.

He added that unlike most lotto operators, Rider is bent on affecting the life of its customers positively as well as the society it operates in.

“…At Rider Lotto, our price fund is 30 per cent of of our takings, 20 per cent goes to good causes (corporate social responsibility) and 50 per cent for operation cost,” Mr. Omotosho said.

He also called on agents to partner with the brand for a rewarding venture, adding that the process is not as cumbersome as obtainable elsewhere.

The company described its category of games to include DailyMillion, LuckyLady and FoodBasket, stressing that it is so easy to play, and one can become an instant millionaire when he plays through the powerball machine.

A cross section of attendees

“This is a golden opportunity to raise people out of poverty and improve their finances…” the chairman informed.

The beauty of the Rider Lotto is that it is played online and daily, and as a result, anyone can play from the comfort of his bedroom. The draws are also done live to prove its transparency and genuine nature. There is ‘no mago mago at all’. Again, the games are played in a way where if there are no jackpot winner at the time of the draw, it will automatically roll over to the next week, and by so doing the jackpot price keeps increasing.

With a clear vision of becoming the biggest and most trusted lottery company in Africa, as well as create platform for genuine lottery business with instant and prompt payouts, Ridersports Lottery continues to operate ‘a robust system based on highest and advanced technology with real time draws’.

The royal father in attendance was given the singular honour of unveiling the machine, after which Mr. Omotosho loaded it with magnetic balls in readiness for the first draw. The winner of the million naira was supposed to match six numbers correctly. Afterwards, Mr. Deji emerged winner, having got three numbers only correct. He won a token N10, 000.

The draw, which was shown live via YouTube, was watched by betters attached to Rider lotto and the general public. This further explains the transparency attached to the activities of the company.

The launch and maiden draw witnessed the presence of stakeholders and members of the general public. Some of the important personalities that attended the event include the Osobia of Imakun Omi HRM Oba Kazeem Salami; Chairman/CEO, Rider Lottery, Mr. Omooba Ola Omotosho, Regional Director, (Africa) Ben TV and Executive Director, Rider Lottery, Mr. Lanre Ijaola; Director, Rider Lottery, Mrs Olakemi Omotosho; Dr. saheed Osupa, Yomi Fash Lanso, and Foluke Daramola.

Business

Is There a Hostile Takeover in Wema Bank?

Published

4 days ago

May 31, 2023

Eric

Tongues are already wagging about a hostile takeover of Wema Bank, principally owned by three core investors, Nemtree, about 40%, SW8 about 20% and Oodua, 10%. SW8 nominee became the MD with the understanding that Nemtree being the majority shareholder will produce the next Chairman. This has always been the norm since new investors came in some nine years ago.

Unfortunately, a nominee of SW8 has now been appointed as Chairman following the retirement of the erstwhile Chairman. Invariably, SW8 with less than 20% wants to also produce the MD and Chairman af the same time. This development has started generating a lot of issues in the bank…

Watch out for more details exclusively from The Boss…

Business

Rotary Should Continue to Inspire Women for Economic Growth- Alaba Lawson

Published

2 weeks ago

May 22, 2023

Editor

Mrs Geetika Tandon, Rtn Gabriel Otsu, Chairman, organising Committee, Iyalode Alaba Lawson, Keynote Speaker, District Governor, Rotary District 9110, Rtn Omotunde Lawson & Rtn Francis Lawson

A call has gone to Rotary International District 9110 and indeed organisations around the country to consistently inspire and promote women for economic and national growth

The appeal was made by former President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Chief Alaba Lawson while presenting the keynote address at the first Rotary District 9110 Women in Rotary Conference held at the Nigeria Law School Auditorium, Victoria Island, Lagos.

Rtn Francis Lawson, District Governor, Rtn Omotunde Lawson, Mrs Angela Emewa, Chairman, Punch and award recipient & Rtn Gabriel Otsu, Chairman, Organising Committee

Speaking on the topic “ The Transformational Woman: Diversity, Equity & Inclusion For Socio-Economic Change”, Chief Lawson stated that Rotary as an organization has made giant strides in the area of women empowerment and advised that the body should do more as it will ultimately lead to the nation’s growth.

Rtn Gabriel Otsu, Rtn Francis Lawson, District Governor, Rtn Omotunde Lawson, Chief (Mrs) Alaba Lawson & guest speaker

She noted that women are the key to Nigeria’s economic and political advancement, and the more women involved at the top echelon and decision-making process, the better.

According to her“When more women work, economies grow. Women’s economic empowerment boosts productivity, increases economic diversification and income equality in addition to other positive development outcomes”.

Describing women as the future, she stated that studies have shown that companies with more women on their boards outperform those without them by a significant margin, and organisations with greater gender diversity globally grew to 32% in 2022.

According to her, women often excel at soft skills required for business leadership and they represent a significant economic force and provide valuable consumer insight that any nation needs to thrive.

She further highlighted the fact that Nigeria needs traits such as ability to connect, collaborate, empathize, communicate and be prudent which are inherent in women to make progress in key sectors including economy, politics and more.

She, however, lamented that despite the fact that women are in the majority in terms of population, the opportunities for them to show their skills and contribute meaningfully have been hampered by systemic bottlenecks.

She therefore advised that to fuel its fire of progress and revolutionize its economic, political and social structure, women must be given adequate representation in government and key sectors of the economy.

Also speaking, Tax expert and management consultant, Mr Gbenga Badejo who spoke on “10 Top Financial Challenges for Micro, Small and Medium Enterprises” noted that if women can overcome these challenges, they would be able build formidable businesses and play in the big league.

He gave the challenges as: limited or inconsistent cashflow, not using budgetary control mechanism, no preparation for unforeseen expenses, not raising enough capital, too much debt, neglecting necessary financial reporting and book keeping, , poor regulatory compliance, mixing business and personal finances, poor marketing tactics and poor managing of receivables and payables.

Earlier in her welcome address, Rotarian Omotunde Lawson, District Governor, Rotary International District 9110 noted that the conference, the first in the 41 -year history of the District, which covers Rotary Clubs in Lagos and Ogun States, was aimed at equipping women with the right support for personal and financial growth.

The conference was rounded off with a dinner and awards ceremony at the same venue where eminent women were honoured for their contributions to national development.

Business

Buhari Headlines Commissioning of Dangote’s 650,000bpd Refinery on May 22

Published

4 weeks ago

May 7, 2023

Eric

President Muhammadu Buhari is expected to be in Lagos on May 22 to commission the Dangote Refinery.

Bashir Ahmad, special assistant to the president on digital communications, announced the development in a tweet on Sunday.

“Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in the importation of petroleum products have received a boost as the 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22nd, 2023, by President Muhammadu Buhari,” the tweet reads.

The Dangote Refinery is a 650,000 barrels per day (BPD) integrated refinery project located in the Lekki free trade zone area of Lagos state.

The project, which cost an estimated $19 billion to build, is Africa’s biggest oil refinery and the world’s biggest single-train facility.

The integrated refinery and petrochemical project is expected to generate 9,500 direct and 25,000 indirect jobs.

Its output is expected to be more than enough to meet Nigeria’s fuel demands and turn Africa’s largest crude producer into an exporter of refined crude.

Last year, Aliko Dangote, chairman of Dangote Group and Africa’s richest person, said his oil refinery would be commissioned before the end of Buhari’s tenure.

In June 2021, Mele Kyari, group managing director, NNPC, confirmed that the federal government would acquire a 20 percent equity stake in the Dangote Refinery.

Two months later, the federal executive council (FEC) approved the sum of $2.76 billion for the acquisition of a 20 percent minority equity stake in the refinery.

TheCable