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Nollycoin Is designed to transform entertainment Industry and generate more employment -Ope Banwo

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To say he has earned respect through sheer doggedness and determination would be an understatement. Dr. Ope Banwo, a lawyer, author, entrepreneur, motivational speaker and internet business consultant, is a man, who, in spite of repeated challenges of any terrain he ventures into, is persistent until he is successful. Ope is also a strong force in the entertainment industry. His intrepid exploits some years back with Stingomania Records, combining music label, recording and artistes management, became the standard by which the growth of Nigeria’s showbiz industry is measured.

A US registered legal practitioner, Ope Banwo is back on the familiar terrain with Nollycoin, a blockchain technology-powered idea aimed at revolutionizing the Nigerian movie industry. With Nollycoin partnering with Nollywood, he explains in this interview, an avenue is unlocked for stakeholders to make mega money via quality movie production, distribution and also ensures compact guide against fraud and piracy. Excerpts…

 

The Nollycoin idea is offering itself as an advanced technology that movie makers in Nigeria can benefit from. How much have your resource team done to sell to movie stakeholders the prosperity that may arise from this beautiful synergy?

We are already engaging top influencers in the movie industry to share this vision and seek their support. As a matter of fact, we are having an exclusive media parley on the 10th of February, 2018, where we will meet openly with most of them and answer questions on how this can benefit them and their industry. Some of the stakeholders including producers; movie executives, actors and actresses; even cinemas are already on our advisory team and we hope to get many more on board on my trip to Nigeria in February. As you know, its always a challenge to be a pioneer in the entertainment industry, and this blockchain and crypto technology is still new to a lot of them and many of them even see it as a bubble with no lasting influence. Fortunately, I am very comfortable being a pioneer and have been a pioneer in the entertainment industry before, so I know the work that must be done. I know we must do a lot of work to make them see beyond the misconceptions about the technology, and make them see how it can revolutionize the industry. We know, going in, that no matter how revolutionary this is, or how beneficial to the industry, some will get it now, some will get it later, and some will never get it. But we shall continue to work with the few visionaries who can glimpse what is inevitable to the movie industry.
With this partnership you are introducing, the volume of movie sales would be increased, access to grants for project financing, and other benefits; are you also going to work with movie makers to ensure that the qualities of movie production are improved on?
Yes. A big part of the Nollytainment initiative with Nollycoin, is to use it as a platform to improve the quality of African movies while also providing financial support for the talented producers who are already doing great things with little capital. To get quality products, you have to have access to quality finance and it is part of our game plan to provide access to adequate financing to create international standard movies that we can all be proud of on the global scene. To ensure that picking a good movie project does not rest with one man or myself, thereby leading to mistakes one had made in the past, I am putting together a 7-man Creative Advisory Team to evaluate any movie project we would be investing in to ensure transparency and verify that the movie meets all standards required for international success.

Explain what the shared interests from this scheme would be like.

There are different levels of interest that would be shared by people who will participate in the Nollytainment ecosystem powered by Nollycoin.
I would like to call the shared interest the Nollycoin value proposition for the movie community. Nollycoin also offers a lot of win-win opportunities to stakeholders in the entertainment industry excluding the pirates and copyright thieves. Some of the solutions and opportunities that Nollycoin is bringing into the entertainment ecosystem include one, Hardworking movie producers win. This means that contrary to what some companies in entertainment may think at first blush, they will definitely benefit from the NollyCoin Economy that will be heralded by Nollycoin. Under our ecosystem, the entire entertainment market scale can be enlarged to enhance long term exploitation of the copyrighted creative works. All stakeholders will enter their copyrighted content onto Nollycoin blockchain and harvest the profits worldwide ad infinitum. Two: Collaborators and Creative Artistes in The Movie Production Chain Win. This means that, with blockchain technology and the Nollycoin, collaborators can now be compensated accurately per contract without need for any third-party intervention. The terms of ongoing compensation for key collaborators like cinematographer, director, editor; writers, main actors etc are coded into the ‘smart contract’ governing the uploading of the specific movie into the blockchain powered marketplace and everyone is automatically compensated per terms of that contract without the need for any third party intervention. Three; Movie financiers and stakeholders in each completed movie win. By this, proportionate payments to movie financiers can also be worked into the smart contract that would form the basis of distribution of income from all movies on the Nollytainment network. No longer will financiers or stakeholders have to chase movie producers to get repayment of loans or capital investment in any movie project. Four; Open and transparent record-keeping ledgers for all stakeholders. This means that, Nollytainment platform, with its underlying blockchain technology, will provide all players in the movie making industry including movie makers, movie producers, cinematographers, and writers with digital recording of all transactions in copyrighted works that is accessible to all stakeholders on an instantaneous and permanent basis.

Does the government have a role to play in your own arrangement, given that it has set up a similar funding plan to assist movie production and distribution across Nigeria?

We are a private organization and like to keep our activities in the private business arena since most things that involve government tend to get politicized. We all can benefit more from government support of initiatives in the entertainment sector but more often than not, government initiatives have not really lived up to the hype. The issues of the Entertainment Fund and its accessibility is a strong case in point. So, while we hope govt will support by providing the right climate for the technology to take off, we are not relying on them for this. The private sector will drive this and make it more efficient

Apart from making money for yourself as a business person, and money for the contents owners, what are the plans being worked on to ensure that other elements like theft of intellectual property rights and piracy are dealt with? Also explain how your idea can generate jobs for persons in the entertainment industry.

The very concept of blockchain protects the registration rights of copyright holders and even allows different constituent collaborators in making a movie to preserve their own part of the copyright by recording all of that in the ‘Smart Contract’ that will be executed as the movie gets on our platform. That contract cannot be changed by anyone and compensation agreed to by the collaborators will be disbursed automatically without the intervention of a third party. When people really understand the power of blockchain to preserve, protect and compensate their artistic products, everyone will want their works released on a blockchain protected platform. Blockchain technology is tailor made for protection and compensation for copyrighted works. As for how these will generate jobs for participants in the movie industry; more international level movies will be sponsored and produced and thousands of people from actors to set hands will be employed in the process and more importantly the key players will not need to sue anyone for enforcement of their rights on the platform since blockchain handles everything without the intervention of weak third parties. I honestly see blockchain transforming the entertainment industry and generating millions of jobs for everyone as the concept gets clearer and implementation of its promise becomes real to people.

You are a busy man. How do you now find time to relax with and entertain your family?
I work hard and I also play hard. I am able to find time for my entire crowded schedule because I only do things I really enjoy doing now. At this point of my life, I don’t get involved in any projects unless I am really passionate about it. Money is the last consideration though I am also an unapologetic businessman. So, I wake up every day excited to go to work. In the midst of it all projects, I still find time for five or six vacations each year. In fact, I just came back from a one week Caribbean cruise with my wife, and the year is only one month old. We are also scheduled to be in Hawaii for five days in about two weeks, and then we visit Nigeria. Life is always good, and there is always time when you are doing what you love.

You are no doubt a tested hand in the entertainment business who is always out to make a success of his innovation. How is this massive project going to be funded?

Apart from the initial heavy capital investment by myself and a few partners, this massive project is being fully funded by the project itself. That is why we are having a massive ICO that will not only generate the funds to execute the ambitious project, but also provide participants and supporters of the initiative with huge compensation and high returns commensurate with their support and business risk far into the future.

These days, when people hear of any ‘coin’ related business idea, it creates fear and suspicion probably due to past experiences. What are the strategies being deployed to bring back the confidence people hitherto had in this kind of idea?

We recognize and understand that people are generally suspicious of cryptocurrency projects. Some of the fears are founded on past scammers while most of it is based on lack of knowledge how an ICO works. The main selling points of the Nollycoin initiative that we hope will help people overcome their initial reluctance to embrace the initiative includes the following: Our team includes top executives with decades of experience in managing major business projects and in bringing timely and innovative solutions to different industries including entertainment, business, stock trading, real estate etc. We have a solid team and network of partners with creative talents and movie executive experience. We also have a solid technical team in cryptocurrency. On the crypto technical side, we are avid cryptocurrency technocrats and enthusiasts who have been involved in all levels of the cryptocurrency world, including mining, token development, trading, and networking with like-minded individuals and communities. Also, o ur partnership with Top Influencers in Nollywood on Social Media with combined followership of over 50,000,000 followers.  These top influencers have social media pages (Facebook; twitter; Instagram, LinkedIn and YouTube Channels pages dedicated to Nollywood films.

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ENTERTAINMENT

Apostle Suleman to Christians: Shun critics, appreciate pastors

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Pastors are sent to watch over the souls of their flocks and to teach them on how to follow Christ.
Many a times, people forget that pastors are humans just like the rest of their fellows. Although they are held in higher standard, like humans that they are, they feel discouraged at times when through pointless criticisms they are pushed to think they are not doing enough even when they are doing more than they should.
Servant of God and senior pastor at Omega Fire Ministries (OFM), Apostle (Prof.) Johnson Suleman, lectured in one of his recent services how men of God expend their time and energy and nearly become worn out working for God yet no one seems to see them working and no one appreciates all they do. The servant of God therefore requests of Christians to let men of God know how much they care for and appreciate them.
Apostle Suleman teaches that “the greatest gift one can give to his/her pastor is to lift him/her up by publicly appreciating his/ her work and in prayer.
“Most of you are in the social media,” he begun; “when you get home after the service, post a message on the social media; Facebook, Instagram, Whatsapp, Twitter, to appreciate men of God all over the world for the wonderful work they are doing for God. Encourage pastors all over the world. Don’t put any pastor’s name; just post the message to appreciate all of them.  In the message, tell them, ‘no matter the criticisms, there are people that love you. We are part of those people that love you’. Tell them that ‘we love you; nothing, nobody can change our minds’. Nigerian pastors, African pastors, pastors all over the world, tell them ‘we love you’. Tell them ‘we don’t care what enemies are doing, we love you, we appreciate you’.
Post the message, send the message. Flood the internet with the message. Post and tell your friends to repost; use these last days of September to appreciate pastors all over the world. Tell them ‘be encouraged, don’t be discouraged, keep moving on’.”
According to the ‘Oracle of God’, God has blessed the world with pastors after His own heart; therefore they should be prayed for to serve with joy and not burden.
“Pastors have difficult jobs. They must serve the church family and their own family. It really takes a special breed to balance the two. Yet they are attacked without reason. It is a must to appreciate your pastor; give him joy and you will receive joy,” concludes the servant of God.
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ENTERTAINMENT

Finecoat Paints Boss, Remi Awode celebrates 55th birthday in style, empowers Church members

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Chemstar Manufacturing company boss, Apostle Aderemi Emmanuel Awode, owner of Finecoat and Shield Paints, had his 55th birthday soiree last weekend, it was indeed an impressive gathering as friends, family and associate from all walks of life teemed to celebrate a manufacturing giant, a business tycoon, philanthropist par excellence and an icon of hope to many homes.

The most cherished asset of Remi Awode is not his head full of knowledge but his heart full of love, ears open to listen, and hands willing to help, reason many of his staff, friends and associates eulogized his good virtues at the birthday shindig. Many of those that graced the event took the pleasant achiever on memory lane on how he touched their lives in several ways; he’s no doubt, a good man who brings out the good in other people.

For those that feel that being kind hearted to people got them nothing but rejection and hurt, the story of Aderemi Awode is something the young ones should emulate, despite being hurt a few times, he has never allowed such instances to redefine who he truly is. He’s a lover of people whose generosity amazingly knows no colour, creed or religion. Unarguably, this act is one of the factors that led to the success story of Finecoat Paint today.

He’s a strong believer of an aphorism that, “if you are a thoughtful person who does nice things, don’t stop just because the people failed to see the goodness inside you, it’s their ejection or lack of response that is the problem, not yours. Don’t change yourself, they need to change, they need to work on themselves, keep being the wonderful you”.

The strong unapologetic honest and God fearing Awode is one of most kind-hearted people in the world, reason he doled out several millions to empower some members of Cherubim and Seraphim Movement, Divine Blessing Cathedral located at Alagbado area of Lagos where he’s a founding member. Apostle Awode does not only see it as his duty to give out of his abundance, he shares even his tank indicates reserve.

At 55, according to him, is to live his life full of praises of God who has immensely blessed and favoured him. The event was graced by Mr. Toyin Haastrup, Engr. Tunde Akintona, Mr & Mrs. Sam Ajagu, Members of the Galilee Land Development Committee of the C$S Movement Church led by Dr. Bisi Adedire, Mrs. Odeyinka, Founder Fluorescent Group of Schools, Alh. Soladoye, PRO, The Polytechnic Ibadan, Mr. & Mrs. Yemi Sonde, Sp. Apostle John Oyeku, HRH, Oba Oluwalambe Taiwo J.P., The Olojokoro of Ojokoro Land, Pastor Dayo Paseda, Deputy Managing Director, Chemstar Paints Industry (Nig.) Ltd. and many of the alumni of the University of Ibadan who have been friends since then till date.

 

       

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ENTERTAINMENT

Apostle Suleman’s teachings: Positive attitudes that turn life around

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Destiny is influenced by certain qualities. These qualities do alter fates. One needs to be careful about these things because what a man will be in life depends on him. According to the teachings of servant of God, Apostle (Prof.) Johnson Suleman, a principle is a moral rule that controls, influences, explains how a man lives and enjoys life.

There are six lessons about life given below by the firebrand cleric that have great influence on life; either they make a man happy or sad. They explain that the spiritual life also has impact. They affect a man for good or evil because, according to the man of God, they have an impact on what a man does, have done and they affect his destiny.

 

Be Conscious

You are waiting for the bridegroom. But the truth is this; the bridegroom may not come but you may go. The Bible says ‘And they went to meet Him, He didn’t come to meet them. Carefulness is activated when there is consciousness of departure. Be conscious that one day you are going to leave this world. Earlier in life, people die when they are old. But these days death doesn’t come according to age, it comes when it wants to come.

 

Focus on Help

Maximize opportunities because they may not continue. In this world, nobody owes you anything. When God gives you somebody who helps you in life, I beg of you, thank the person every day. Focus on help because it is not common.

Don’t Be Stupid

The definition of stupidity or wisdom is a functionality of abundance or lack of ore. The real definition of either wisdom or stupidity is directly proportioned to the availability of the abundance or scarcity of ore. How do you know a man who is foolish or wise? Check his ore level. This is because the ores are of the anointing of God.

 

Be A Source

When you are a source you become a voice. The reason about life is, the reason many of us cannot speak is because we have nothing to empower our voice. The reason a lot of people are incapacitated in life, vocally; the reason some people cannot exercise their rights is because they are not yet a source.

Be Positive

If you want to look at life and be sad, there many things to make you sad; even the government could make you sad. Your family, friends would make you sad. But if you choose to be happy, there are many things to make you happy. You are just seeing a new day. I like what a songwriter says; ‘every time I wake and see the breaking of the day, I say Thank You Lord.’ I’m not heartbroken, I’m not sad. You cannot make me sad. My situation cannot depress me. The trials of life cannot weigh me down. Rejoice in the Lord. You’ve got to be excited. Have a positive outlook to life. There might be no money in your pocket; it should not affect your outlook because your outlook determines your outcome. Your wife, brothers and friends may turn their backs on you; it should not affect your outlook because your outlook determines your outcome.

Seek The Anointing

Though you may have a calling. Though it is your right. Though you were trained as an accountant in school, though you read Medicine in the Medical School, whatever your calling is, you still need the Anointing to help and empower you. The Anointing is the Power and Empowerment of God. The Anointing is the Power that helps man to enjoy life cheaply. The Anointing is the Power that makes life and issues favourable. The Anointing is that aura and ambience that comes upon a person and makes him or her eat life with 25 fingers. The Anointing is that Grace upon you and you walk out of trouble triumphantly. Upon you I release the ore of God. That ore will flow in your direction. It will bring you out of problems. It will bring you out of sickness and battles.

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