Another CEO said 'I Do' with company funds.

Today’s issue is brought to you by Gigawin

Gigawin is Africa’s first cryptocurrency-powered betting platform. Fully licensed under Curaçao gaming regulations, Gigawin leverages blockchain technology to deliver secure and seamless gaming experiences tailored to Africa’s emerging markets. Stay tuned to see how they are transforming digital gaming.

ICYMI, find the last edition here

Official News From Last Week

1. Bento Africa's CEO, Ebun Okubanjo, has resigned following allegations that the company failed to pay taxes and pensions on behalf of its clients. Okubanjo notified Bento's board of directors of his resignation via email.

2. Lemfi, a fintech platform catering to immigrants in 22 countries, has bought Irish currency exchange service Bureau Buttercrane, accelerating its European growth.

3. The Nigeria Labour Congress (NLC) is set to stage a nationwide protest on February 4, 2025, in response to the recent 50% hike in telecommunication tariffs.

4. Nigerian mobility startup Moove has acquired Brazilian car rental startup Kovi in an all-share deal, marking a significant expansion of its Latin American operations. This move comes after Moove's official expansion into Mexico in October 2024.

5. Nigeria's Competition and Consumer Protection Tribunal has put a ruling on hold regarding the $220 million penalty it fined WhatsApp and Meta Platforms Incorporated by the Federal Competition and Consumer Protection Commission (FCCPC).

6. South African web hosting giant HOSTAFRICA has acquired Nigerian web hosting company GO54, formerly known as WhoGoHost. The acquisition sees HOSTAFRICA taking the reins of GO54's operations, inheriting a substantial customer base of over 100,000 users.

Remote Job Openings

1. Moniepoint is looking to hire a finance systems engineer.

2. Bumpa is looking to hire a QA engineer.

3. AudaCity is looking to hire a Lifecycle Marketing Manager.

4. Kora is looking to hire a Quality Assurance Automation Engineer

5. Strattmont is looking to hire a Social media manager

As you know, this isn't your typical tech newsletter, so let's get into some of the most intriguing happenings on "tech Twitter" from the past week. To view the full content of this newsletter, please click View More at the bottom of the email.

1.. This week began with intriguing discussions about Chinese-made AI, DeepSeek in comparison with OpenAI's ChatGPT.

Naija flying doctor gave us a summary (1/2)

Tunde’s POV

Ezra believes this reflects stereotypical thinking.

The chess master doubles down (1/2)

Well, in another thread, Ayomide is telling us why Nigerians should be concerned

1/2

2/2

Someone tell Ayo Nigerians are facing a 39.16% food inflation

2.. Bento’s Ebun Okubanjo resigns

Legal Padi said it is the audacity for me

Screenshot of said resignation email found on twitter (1/2)

2/2

An interesting comment

another angle

Even paystack moved… hmmm

“Remittance is not abc”, “but that’s literally the job”

Street is saying the tipvalue handle is probably Ebun’s burner

3… Sis took the ‘for better for worse vow’ to a different level

4... Coding in a language god understands

5.. Let people mind the business that pays them

If everyone does tech who will do our lashes ?

6.. SEC went guns blazing

Full notice

A now deleted statement from Risevest

7.. Eiii see people that want to build AI model

8.. A lot is happening in Nigeria’s tech ecosystem. Allegedly workers at Numeris Book haven’t been receiving their salaries

The CTO responds

“I am also just a worker,” Ayokunle explains

1/4

2/4

3/4

4/4

9.. Business is business

10… Please drop ideas in the chatbox

What was your favorite highlight of the week?