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Showing posts with label Board of Directors. Show all posts
Showing posts with label Board of Directors. Show all posts

Monday, November 02, 2015

Gobir cries for justice, says ‘I raised over N2bn for Afromedia’



The erstwhile director and head, Business Development Committee at the Board of Directors of Afromedia Plc, Nigeria's foremost outdoor advertising company, Alhaji Mohammed Gobir has decried his recent arrest by the operatives of the Economic and Financial Crimes Commission (EFCC) in Ikoyi, Lagos and denied all allegations of corporate fraud against him by leadership of Afromedia, insisting he made over N2bn for the company, reports ITRealms.

Recall that on Satuday, September 12 2015, Alhaji Gobir had unwanted visit in the name of EFCC operatives assaulted his person with arrest.

In a chat with the media, Gobie is also demanding justice, while maintaining his position that he deserves commendation rather than condemnation and linkage to 419, lamenting he was not given responder opportunity before the public court, especially the print media took delight in the story.

A press statement made available to ITRealms by his media aides, Gobir denied any linkage with 419, saying he was still at lost over the issue at the time of going to the press. Wondering how he would place estimated 30 years of doing business in Nigeria on the altar of 419.

Stressing that he has never been indicted, “has never been arraigned for any criminal offense, he has never been involved in fraud. Why would he now, at the height of his professional and business life be involved in '419' or what they called 'corporate fraud?”

Gobir insisted that he has been a credible businessman and contractor to Federal Ministries, Parastatals, Military and state Governments over the years.

Part of the statement read: “It is this background in business with extensive contacts that earned him the recommendation to join the board of Afromedia in 2009 at the time the company was raising funds to enhance its operations.
“He was specifically invited because of his network and goodwill which Afromediaidentified and needed at the time to obtain big accounts.
“And Gobir did not disappoint. He says from the period he joined the board of Afromediain 2009 till the time of his resignation in 2013, he brought in business worth at least N2 billion for the company. 
“He also got Afromedia to set up a regulatory framework for outdoor advertising in FCT, Abuja, similar to the Lagos State Signage and Advertising Agency (LASAA). 

“It is in this context that one can understand the current travail of Alhaji Gobir. The EFCC, acting on the instruction of Mr. Akin Olopade, Group Managing Director of Afromedia, accused Gobir of illegally collecting $3,500,000, N514,457,151.87, $2,102,740 and 51,000 Pounds Sterling at various times through a phony investment deal.

“The answer to this is simple, Gobir said. As somebody in charge of business development, his main duty was to secure high level business opportunities for the company. It was on this basis that in one of the several private meetings he held with Olopade, both men agreed on the possibility of the company exploring and receiving capital investments following the melt down in the Nigerian stock market. 

"In accessing the capital investment, money was required to process and access the fund of which part of the sum was expended by Mr. Olopade who later turned around and requested for refunds of which several payments were made in repayment to him (Mr Olopade.)” Gobir said.

In addition, Gobir said both him and Olopade disagreed on the arrears to be paid as the figures were incorrect, and Olopade did not want to deduct earlier repayments from the total sum, therefore, reaching a deadlock. 

“That was the main issue in contention,” Gobir sources said, pointing out that Olopade even got mutual friends involved in the matter.

“While that was ongoing, EFCC operatives arrived that Saturday, September 12 and whisked Gobir away for interrogation, accusing him of "corporate fraud" and "419".
Gobir insisted, he was not in a transaction with Afromedia, who wrote the petition and took him to EFCC. Whereas, he did not obtain any loan whatsoever from Afromedia, nor was he in a transaction with the company.” 

His dealings, Gobir contended were personal with Olopade, “the Group Managing Director of Afromedia, with whom he wrote the agreement and whom had received repayments of over 120m via bank transfers and foreign exchange cash form lodgments into his personal accounts. 

“How could this have been 'corporate fraud' when I was dealing with, and making repayments to an individual who changed his mind to carry through a business and wanted his money back. “Would any fraudulent person, make repayments when you want to end a transaction; The next day I was in the media, condemned, and judged without any hearing" Gobir laments.

Further, Gobir said he never met Olopade before then but that once they met in the company, a deep friendship developed between them.

“That friendship has been seriously injured if not destroyed. Gobir is hurt, aggrieved, bitter, and feels betrayed. I need justice", he demanded.


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Saturday, October 03, 2015

No more registrar insurance says ICANN



The Board of Directors of the Internet Corporation for Assigned Names and Numbers (ICANN) has approved a waiver for the registrar’s insurance requirement in the accreditation process of the global domain names, reports ITRealms.

This, industry analysts said has become an unnecessary barrier to registrar accreditation globally and likely to bring about reduction in cost of doing business in the domain name industry.

ITRealms recalls that since 1999, the Registrar Accreditation Agreement (RAA) has required that registrars maintain Commercial General Liability (CGL) insurance policies with policy limits of at least US$ 500,000, while in some countries it varies but not less than $200 on average.

The board decision is coming in the wake of an 18-month research, analysis and community consultation, to determine that this type of insurance may not serve its intended purpose of protecting registrants, and, in fact, may have inhibited the ability of prospective registrars to become accredited in some regions.

Accordingly, on 28 September 2015 ICANN's board resolved that ICANN waives this requirement in all RAAs, effective immediately.

ICANN also notes that CGL insurance policies, for instance, generally only cover certain incidents that occur on a company's premises, as qualifying events may include a customer that is injured in an accident on the premises or an incident that occurs due to an employee's actions. While this coverage is useful for these types of incidents, it would not cover registrars' potentially wrongful acts, such as failure to renew a domain name.
Another factor, ICANN said that was considered include the availability and cost of CGL insurance globally.

“While it is common and readily available in some regions, it is more difficult to find—if available at all—and significantly more expensive in many other regions, including parts of South America and Africa,” ICANN said in blog post to this effect.

Additionally, ICANN cited another instance with Nigeria, saying that a community member, Mr. Lawrence Olawale-Roberts, had noted that under Nigerian Local Content law businesses headquartered in that country are required to purchase insurance coverage from Nigerian companies at a substantial premium.

And using the US dollar-to-Naira exchange rate at that time, the ICANN-required policy limit was roughly 156.7 times the 2014 Nigerian GDP per capita or the total income of the country divided by the number of inhabitants, giving a rough estimate of the average individual income. By contrast, the CGL policy limit was approximately 9.2 times the USD GDP per capita in the United States (GDP data from the World Bank).

At the Board's direction, staff will begin notifying registrars of the waiver. The Board also requested that the GNSO Council consider whether to undertake policy work on a substitute RAA insurance requirement.

 

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Sunday, November 17, 2013

Wolfgang joins ICANN board of directors


Prof. Wolfgang Kleinwächter has been nominated into the Board of Directors of the Internet Corporation for Assigned Names and Numbers (ICANN), reports ITRealms.

Chairman, 2013 Nominating Committee (NomCom), Yrjo Lansipuro confirmed this to ITRealms, saying they were pleased to announce the selection of Wolfgang Kleinwächter as a member to the ICANN Board of Directors.

The position, ITRealms also reports became vacant following the recent resignation of Board member Ms. Judith Duavit Vazquez, selected by the 2011 NomCom.

Wolfgang Kleinwächter, therefore, according to Lansipuro, takes up his position on the ICANN Board of Directors with immediate effect, serving for the remainder of the term vacated by Ms. Vazquez, ending at the conclusion of the 2014 ICANN Annual General Meeting (AGM).

ITRealms recalls that Wolfgang, a professor for International Communication Policy and Regulation at the Department for Media and Information Sciences of the University of Aarhus in Denmark teaches "Internet Policy and Regulation" since 1998.

He studied Communication, International Law and International Relations at the University of Leipzig (B.A. 1971, M.A. 1974, Ph.D. 1981); with academic teaching experiences including courses and lectures on Internet Governance at numerous universities around the globe, including, inter alia die School of International Services at American University in Washington D.C. and the Faculty of Journalism at Lomonossow University in Moscow.

Also involved in Internet Governance issues since 1997, he has participated in various capacities, mostly in 45 ICANN meetings out of the 48 on record. He served five years in the NomCom (2009/2010 as its chair) and was since 2011 a member of the GNSO Council, elected by the Non-Commercial Stakeholder Group (NCSG) where he is a member of the NCUC.

In the WSIS process he was a member of the Civil Society Bureau, co-chaired the Internet Governance Caucus (IGC) and was appointed by UN Secretary General Kofi Annan as for the UN Working Group on Internet Governance (WGIG). In the Tunis Summit he was part of the governmental delegation of Denmark. Between 2006 and 2010 he served as Special Adviser to the Chair of the Internet Governance Forum (IGF), Nitin Desai. In 2011/2012 he was a member of the UNCSTD Working Group on IGF Improvement. In 2012 he joined the German governmental delegation to the World Conference on International Telecommunication (WCIT) and served in the Informal Expert Group of the World Telecommunication Policy Forum in 2013.

He is a co-founder of the European Dialogue on Internet Governance (EURODIG), the Global Internet Governance Academic Network (GIGANET), the Summer School on Internet Governance (SSIG) and chair of the ICANN Studienkreis. He served in the Advisory Board of the dotmobi Registry and became in 2010 an International Adviser to CNNIC. In the EU, he was involved in the Safer Internet Action Plan (SIAP), the Task Force on the Internet of Things and the Inter-Regional Information Society Initiative (IRISI). In the Council of Europe he chaired the Expert Group on Cross Border Internet (2009 – 2011).

For more than 20 years he was a member of the Council of the International Association for Media and Communication Research (IAMCR) and served as the president of the IAMCR Law Section between 1988 and 1998. He was a member of the Program Committee for INET 2002 in Washington D.C. and a Key-Note Speaker, Panelist, Moderator and Rapporteur of numerous international conferences.

His research work includes more than 100 international publications, including 7 books. Since 2011 he is the editor of the publication series MIND (Multistakeholder Internet Dialogue). He also served as member of several advisory boards of scientific journals, including Transnational Data and Communication Report, Computer Law and Security Report, The Journal of Media Law and Practice, Gazette and the Journal for Virtual Reality.

He testified in Hearings in the Deutsche Bundestag and the European Parliament. He is Chair of the Board of Medienstadt Leipzig e.V., a recognized At Large Structure under the ICANN Bylaws and got the "Internet Award" the highest Internet prize in Germany, by the German Internet Economy Association (eco) in 2012.

ITRealms joins the global internet users’ community to wish him a successful tenure at ICANN board of directors.

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Pix: Prof. Wolfgang Kleinwächter