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Business News

Bet9ja’s Headquarters raided by court officials

Some court officials stormed the Headquarters of Bet9ja at Surulere, Lagos, on Thursday, over a suit filed by a competitor, Lotto9ja Limited, a subsidiary of Western Lotto Nigeria Limited. 

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Some court officials stormed the Headquarters of Bet9ja at Surulere, Lagos, on Thursday, over a suit filed by a competitor, Lotto9ja Limited, a subsidiary of Western Lotto Nigeria Limited.

The raid followed an Anton Piller injunction – an order which gave the applicant the right to search the premises and seize evidence for a ruling without warning.

Reason for the order: According to a report, Bet9ja was suspected of infringing on the trademark of Lotto9ja Limited which was recovered at their premises during the search.

The applicants in the suits were Western Lotto Nig. Ltd and Lotto9ja Ltd. The respondents were Registrar of Trademarks, K.C. Gaming Networks Ltd (owners of Bet9ja) and K.C. Lottery Company Ltd.

(READ ALSO: Bet9ja replaces Payporte as Big Brother Naija sponsor)

According to the applicants, Western Lotto had launched the Lotto9ja Company in July and registered with the Corporate Affairs Commission (CAC) and the Office of Trademark at the Federal Ministry of Trade and Investment, only to discover that K.C. Gaming Networks Ltd was also planning to use the same name that is registered with the CAC.

Western Lotto also said that it warned K .C. Gaming Networks to desist, through its lawyers, but the company allegedly continued to brand its POS terminals, T-shirts and other souvenirs with the Lotto9ja trademark.

The Judge, Justice Taiwo ordered a sheriff to search all sales and storage outlets owned by Bet9ja and take possession of all products, equipment, and products branded or sold in the name or brand of Lotto9ja pending the outcome of the final ruling.

(READ MORE: Why Gokada should be worried about shutdown )

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Judge Taiwo also restrained the Registrar of Trademarks from approving any application containing Lotto9ja’s brand until the final hearing fixed for August 22.

Looming crisis: If found guilty of violating the trademark policy, Bet9ja could risk either changing its trademark. This will result in the rebranding of Bet9ja and in turn, could cost extra money and resources.

More so, monetary damages or fines can be placed on the company and in worst-case scenarios, it may have to seize doing business.

 

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Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - [email protected]

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Business

Hyundai and Kia to set up an assembly plants in Ghana by 2022

The automobile giants will join Toyota-Suzuki, Nissan, Kantanka, Volkswagen, and Sinotruck who already have plants in Ghana.

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Hyundai to invest $87 billion into producing 44 new electric vehicles, Hyundai partners Kia to invest €100m in electric vehicles 
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Few weeks after Twitter announced its plans to open its first African office in Ghana, Hyundai and Kia have also concluded plans to set up an assembly plants in Ghana by 2022. The automobile giants will join Toyota-Suzuki, Nissan, Kantanka, Volkswagen, and Sinotruck who already have plants.

Ghana’s Minister for Trade and Industry, Alan Kyerematen announced this on Twitter.

READ: This is the New Tarrif Structure For Importing Tokunbo & Brand New Cars

Pleased to announce that Hyundai & KIA are set to establish assembly plants in Ghana by the end of 2022 to join Toyota-Suzuki, Nissan, Kantanka, Volkswagen & Sinotruck. The Ghana Auto Development program = 3,600 assemblies & 6,600 manufacturing parts jobs in Ghana.

The local assembly of vehicles, 3,600 direct and indirect jobs would be created in Ghana, and the addition of components and parts manufacturing will also add about 6,600 direct and indirect jobs.”

READ: Toyota snubs Nigeria as it moves to establish assembly plants in Ghana, Ivory Coast 

Why this matters

More foreign companies are shunning Nigeria in favour of Ghana. Recently, Nairametrics reported that Amazon is set to situate its African Headquarters in South Africa, a multi-billion dollar investment that is projected to create over 20,000 jobs both directly and indirectly.

Following its move to Ghana, Twitter CEO, Jack Dorsey cited a number of human rights-related reasons for the choice of Ghana over Nigeria. Added to this are rising insecurity, stifling government regulations and the gapping infrastructural deficit bedevilling Nigeria. Consequently, our nation is steadily losing opportunities to attract foreign companies that could be very instrumental in bridging its unemployment gap which is currently over 30%.

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Business

Passports: Backlog of undelievered passports to be fixed before May 31st – Minister

The government also announced the launch of a new passport application system, which would be aided by fast track services nationwide.

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The Federal Government disclosed that all backlogs of undelivered passport requests would be fixed before May 31st, and announced the launch of a new passport application system, which would be aided by fast track services nationwide.

This was disclosed by Minister of Interior, Rauf Aregbesola, in a press briefing with newsmen on Thursday.

What the Minister said

“On or before May 31st, all backlogs of undelivered requests for passports will be totally met, unless such applications have a problem,” he said.

“But before the deadline, the problematic application would be contacted, so that we know what’s wrong with the applications. Assuming there would be no problem, every successful application for a passport would be given a passport on or before May 31st,” he added.

READ: Canada invites 3,900 new PR candidates, introduces new programme to attract Nigerians

The new passport process

The Minister disclosed that the FG will launch a new passport application process which would come into effect soon.

“When you finish your application process, there would be a waiting period of six weeks to collect your passport, however, if you want an express service, there would be fast track centres nationwide, to meet requests for express passport users,” he said.

What you should know 

  • Recall Nairametrics reported last month that the Federal Government inaugurated the Nigeria Immigration Service Passport Express Centre, which is a partnership with the private sector to enable the government offer passport services to Nigerians and make passports available in a maximum of 72 hours of a successful application.
  • The FG also launched the Electronic Temporary Passport to cater for Nigerians desirous of returning home but whose national passport is not available.

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