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Artificial Intelligence Will Improve Broadcasting, Not Create Unemployment – Momoh

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The beehive of activities for the sixth edition of Social Media Week Lagos kicked off on Monday, February 26 with various interactive sessions, speeches, workshops, master classes, presentations and networking.

One of the interactive sessions was a conversation with the Chairman and CEO of Channels Media group, John Momoh (OON), where social media enthusiast had the opportunity to ask questions bordering on use of social media in Nigeria media.

The veteran broadcaster and media entrepreneur during the session which was titled Future of Media: A Conversation with John Momoh went down memorable lane digging out lessons learnt on his career journey.

Explaining how he started out as a presenter in 1977, he revealed how he worked as a radio presenter for five years, to later work in Television Station. As a young broadcaster, John Momoh was not only hard working; he was restless and curious making him garner a wealth of experience in different departments.

“After five years, I crossed to Television. I joined National Television Authority of Africa (NTA). I was reporting, directing, editing and even worked in engineering,” he said.

The interactive session with the media mogul was not only about learning from his life experience. Mr Momoh also seized the opportunity to talk to the attendants on digital disruption and leveraging on artificial intelligence.

“The biggest disruption to media landscape is that now, you have to go after the consumers. To ensure they get what they want. We have to cast our contents on all mobile devices. Because the world is changing, you cannot do things same way,” he said.

On how to avoid the spread of fake news, Mr Momoh said the responsibility is on the great number of people who mean well for Nigeria media space, adding that consumers should lookout for trustworthy media outlet.

“Fake news is not news. The onus is on the great number of people who mean well. Lookout for brands you can trust. Networks built on trust.”

Artificial intelligence according to Mr Momoh needs to be maximised to  improve broadcasting and journalism and not necessarily render people jobless. He said there is the need to breed young and creative Nigerian broadcasters coupled with the use of artificial intelligence to increase quality.

“Artificial intelligence is to improve our work and not to add to the problem of unemployment,” he said.

SMW Lagos is scheduled to hold from February 26 till March 2, 2018. It focuses on ideas, trends, insights, business practices and policy that leverage technology and digital tools to transform industries and communities across Africa.

EVENTS

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

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Mai Martaba as international feature film contender | fab.ng

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature Film (IFF) category at the 97th Academy Awards. The Committee announced in an official statement that they selected the film to contend for the Oscars because of its theme and visual appeal.

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MUSIC

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

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Tega Oghenejobo As The New President Of Mavin Records | fab.ng

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage name Don Jazzy, announced a significant expansion within the company. He announced Tega Oghenejobo as the new president of Mavin Records.

Tega has been an integral part of Mavin’s journey. Now, his position as President has elevated his status in the company. In addition, he has been in the existing role of Chief Operating Officer (COO).

Don Jazzy expressed his admiration for Tega’s passion and resilience. He acknowledged his ability to spot these qualities in Tega from the early stages of their professional relationship.

He said,

I’m proud to announce @TEGAMAVIN expanded role as President and COO of Mavin. I am often praised for being able to spot and raise superstars, but I can proudly say the most genius thing I have done in my life was being able to spot the passion and resilience in Tega.”

“From the early days, I’ve watched him be curious about the business, build teams, develop executives, and ensure our talents have sustainable careers from the start. His commitment to growing Mavin and shaping the future of African music has been relentless, and I’m confident that with him in this role, we’ll continue to break new ground and achieve even bigger milestones for our artists and company,” he added.

Accepting the appointment gracefully, Tega Oghenejobo said,

“I’m honored to step into this new role as President & COO of Mavin Records. It means embracing new challenges, setting new goals, and reaching new heights. Thank you, Supreme Leader @donjazzy, for your unwavering belief and trust in me to lead the Mavin team.”

Check here for more updates.

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BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

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Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

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