Aare Olubunmi

"If you want a specific outcome in life, you must have the lifestyle that creates that outcome long before you reach it.”

At this point, we need to beg Johnmark to forgive Moniepoint 🤣🤣

hookup culture caused it.

@Rxbremen We shouldn't even be discussing Nationalising companies at all

Two wrongs don’t make a right Make unna leave Mtn as it is abeg ooooooo ShopRite wey unna take over we see how it turned to. Be like i go come write my mtn review later today.

@rstarsa Management problems everywhere... Most of those senators don't have business there

see the quality of folks we have at senate😹

Big 2026.. And we are still talking about Nationalising companies in Nigeria... Have we not learnt enough lessons ?.

This guy crashing is crazy .. I've learnt more about moniepoint from him than anyone..

@harji87 @tomilola_ng Every society has a societal problem.. Americans have many ..but they still have great guys doing things

@tomilola_ng His crashout is valid. You wouldn't understand. We have a societal problem

Imagine the CEO of Chase Bank saying they can't find 500 staff to hire in the United States because of OnlyFans and Twitch streaming.

There's some rubbish Nigerian Founders will say that you won't dip the level of rubbish until their American or diasporan peer says the same thing.

CLOWNS using the same PLAYBOOK. Someone tagged me to this nonsense yesterday. You banned Nigeria and called it fraud prevention. Let's be clear about what this actually is. Your own post admits your detection system ran for months before catching a ~95% fraud rate. If your KYC is that strong, why did it take months? You don't get to announce your detection failure and then blame the country. The 95% figure has zero public methodology. No third-party audit. No breakdown of how fraud was defined. No clarity on whether Nigerian users were flagged by the same thresholds as Malaysia or Indonesia. You cannot cite a statistic only you can see and call it evidence. That passport photo proves one person submitted a fake document. Not that 200 million people are fraudsters. WE KNOW WHO YOU ARE. A 22 year old college dropout who built a data harvesting app and dressed it up as fair compensation for the little guy. Look at your own investor list. K5 Global and Founders Fund have co-invested in the same portfolio companies. Founders Fund is the original institutional backer of Palantir. Your other backer, Aglaé Ventures, owned by Bernard Arnault, runs an AI portfolio that intersects directly with the same labs that Palantir's AIP platform integrates with. Nobody is making wild accusations here. We are just reading the room. FOR MY NIGERIANS WHO DO NOT KNOW Here is what that network is actually building. Kled mobilizes hundreds of thousands of gig workers, mostly from the Global South, to upload personal photos, videos, and documents. You convert raw human life into machine readable product. The labs and platforms connected to your investors then take that data and make it actionable for governments, corporations, and in some cases, military operations. Here is why Nigeria specifically matters to this model. The major AI labs are currently being sued by artists, writers, and publishers for stealing data through web scraping. To win those cases, they need to prove they have clean, consented data. Buying a dataset from a platform like Kled, where every user signed a digital consent form in exchange for a few dollars, gives billion dollar tech companies a legal free pass. You are not disrupting anything. You are laundering consent for people with far more power than you. And here is the part nobody is saying out loud. Imagine if a company already under fire for government surveillance and military contracts openly offered to pay people in developing countries to film their homes and daily lives. It would look exactly like what it is. By using smaller startups as the public face, the same data gets collected, the same surveillance infrastructure gets fed, and the powerful names stay clean in the public eye. A 22 year old dropout does not accidentally end up with this investor network. The connections around him tell a very specific story. We are just the ones reading it out loud. This is the same playbook PayPal ran on Nigeria for years. Locked us out. Called us fraudsters. Made us third-class citizens of the internet economy. And when they finally came back, after years of Nigerian developers building workarounds and Nigerian users funding entire ecosystems without them, we had already moved on. We didn't need them. We needed the infrastructure they refused to give us. They did not give it to us and we survived. You will try to re-enter but it will be too late. To MY FELLOW NIGERIANS, Every time a foreign platform exits Nigeria citing fraud, we debate the fraud. We rarely ask why a country of 220 million people with the largest developer community in Africa still does not own the servers, the data centers, or the infrastructure that defines what "legitimate" looks like online. When you don't own your data infrastructure, someone else defines your identity. They decide what counts as fraud. They decide what counts as valid. They hold the receipt and you argue at the door. The answer to Kled is not begging them to return. The answer is owning the pipes. Data centers. Local cloud infrastructure. Payment rails we control. Identity systems we built. Every platform that exits us citing fraud is just showing us what it costs to not own our own infrastructure. That bill keeps compounding. It is time we paid it differently. So that next time, comedians like this will not have the guts to call us fraud without evidence.

I put on my fraud detection hat whenever I see a 22 year old Tech bro who supposedly dropped out of college to fund an AI startup. In this case, what I found about this Kled guy is incredibly disturbing. K5 Global is Kled’s lead investor. K5 Global is a firm that frequently invests alongside the Palantir and Thiel network. Another Kled backer, Aglaé Ventures, owned by Bernard Arnault, has a massive AI portfolio that intersects with the same labs that Palantir’s AIP integrates with. Basically, Kled is the Data Harvester for Palantir. Their job is to mobilize hundreds of thousands of gig workers, mostly from the Global South, to upload personal photos, videos, and documents. They convert raw human life into a machine readable product. Their clients like Palantir act as the Data Refinery. Palantir’s software, specifically Foundry and AIP, is designed to take that data and make it actionable for governments and corporations to put into global surveillance and military use. We can safely conclude that this Kled guy and other similar AI startups harvesting user data are human meat shields. They are specifically set up and funded to do the dirty work for Silicon Valley tech empires. Understand that these Large AI labs are currently being sued by artists, writers, and publishers for stealing data through web scraping. To win these court cases, OpenAI and Palantir need to prove they have clean, consented data. Buying a dataset from Kled, where every user signed a 50 page digital consent form in exchange for $20, gives these billion dollar tech companies a free pass. Also, imagine if Palantir, a company already criticized for government surveillance and US military war campaigns, offered to pay people in developing countries to film their living rooms and daily activities. It would look like a global surveillance network. By using Kled as a middleman, they get the same data but keep their hands clean in the public eye. Even though we cannot verify his claim of Nigerians defrauding his company, what we can verify is that he is an industry plant. He is set up to allow AI data labs to continue harvesting user data for global surveillance and military use.

Do NOT doom scroll tonight. Instead, learn a new skill. Comment for a course recommendation.

I have followed with rapt attention the discourse that followed my conversation at the Platform Nigeria on May Day. The stark reality is this - opportunities are few and far between, unemployment/underemployment is high and sadly there are too few employers for a huge market such as ours, at least when compared to other markets such as China, India that have similar youth bulge. We Nigerians are some of the most hardworking and gritty people in the world. But we must tell ourselves the truth. Nigeria currently doesn’t have enough highly skilled technical talent resident in Nigeria to build companies that can scale globally. Interestingly, I have also read a lot of employers double down and agree with my current diagnosis around our country’s technical talent pipeline gap and confirmed it is true. Former Minister, Kemi Adeosun also referenced Africa’s richest man, Alhaji Aliko Dangote comments around finding the right quality and quantity of talents for his refinery project. Let me ask a hard question - can we say that Nigeria has enough highly skilled technical talent still resident in Nigeria? That's a huge conundrum that any organization that wants to maintain market leadership must solve for. How many engineering executives do we have remaining in Nigeria that lead a payments team that handles payments infrastructure processing tens millions of transactions daily without fail? How many senior data scientists do we have in Nigeria that can create data models to appraise millions of customers while managing prudent NPLs? How many senior growth executives in Nigeria have the experience of growing a digital apps towards acquiring 80k customers a day through digital and offline channels while maintaining prudent CACs? It is important to note that this is not about Nigerians generally, this is about senior Nigerian talents still resident in Nigeria. Nigeria is not producing enough high quality senior technical talent and the little we have are emigrating. I can explain these to be that Nigeria does not have too many feeder industries across the board. As such, there are fewer starter companies that young talent can come from to feed into senior roles in other companies. Every one then ends up fighting for the same pool of senior leaders that have experience and bandwidth to deliver and win in the market. The effect of the Japa wave has been very well chronicled and I must add that this has been a trans-generational challenge. Remember that time in the early 80s where a lot of our medical professionals left for places like Saudi and the UAE? As at March 2024, Nigeria had lost around 16,000 medical doctors to other countries, most especially the US and the UK. The quality of technical education is also falling as our standard of education is lagging behind global counterparts. Can we say we have enough senior technical talent in Nigeria to compete with global competition especially China? But Moniepoint, Dangote, Flutterwave, LemFi are competing with them. Training young talents can fill the gap for the future but is inadequate for today. Companies need senior talent and cannot wait the eight to ten years needed to get them to senior levels to compete. In training young talent, Moniepoint has seen a lot of bright spots through our various interventions that are aimed at deepening the talent pool. So we are indeed doing something about improving talent density for the ecosystem. Through our DreamDevs programme, which is in its second year, we're training talented young engineering graduates with the skills they need to enter the workforce as top talent. We have supported the government's 3MTT agenda as well as a partnership with Unilag’s NITHUB to push the HatchDev initiative. Our Women in Tech internship programme, which now in its sixth year, provides women with the access, training and opportunities they need to build careers in tech. I also personally have a scholarship program for STEM students across select Nigerian universities in every geo-political zone. Competing globally also means that you spend top dollars to retain top Nigerian talents that you have nurtured. We routinely retain Nigerians that emigrate and pay them according to their local market standards. A recent example is an exceptional first class graduate we nurtured through our women in Tech program and had to go to school just as a path to emigrate and we had to retain abroad and offer an alternative naturalization path for her. Moniepoint has over 3,500 full time employees with over 90% Nigerian talents, and we’re growing 20% YoY. We’d love a world where this is at 99% while building for the world. Self deception isn’t a virtue and we must tell ourselves the home truth - we need to raise the quantity and quality of our technical talents resident in Nigeria to compete. No organization can rise above the quality of its output and execution is everything in this game. Nigeria will be great. Let’s all do the work together. By the way, top tech talents still resident in Nigeria, we need you badly. We pay above market rates and you will make real impact. Please apply here: moniepoint.com/careers For top Nigerian talents out of the country, we hire out of the UK, Portugal, Spain, India and Pakistan. Also apply, we are building digital banking infrastructure that provides financial happiness for emerging markets.

@omosumibare The one's that were supposed to be groomed have "Japa"

Saying there are no senior engineers is like clubs complaining about no homegrown players after years of neglecting their academies. Seniors don’t just appear, you grow them.

Well put.. you cannot out maneuver a dysfunctional system.. A system delivers exactly what it’s designed for. Nigeria’s system isn’t designed for world-class companies. Willpower can’t fix design flaws.. All the best to future and current founders

@thebillyxis @gkbalogs Lol....you dummy

@gkbalogs They are angry unemployed without useful skills or any visibility that’s why. They rather blame organizations than blame themselves

These companies are 10 years old, why are you comparing them to Shell, Mobil in building pipeline?

This is so similar to Bubu telling youths to go farming... There's no correlation

How hookup lifestyle and social media distraction they affect person wey wan write JavaScript 😭😭😭

The concept of ‘Gospel Music’ divides me a lot Because I do not believe Christians are not meant to sing about any other thing asides the ‘gospel’. It’s hypocrisy and a denial of the human experience Don’t you fall in love? Get heartbroken? Or get affected by societal ills ?

The Japanese railway privatization of 1987 stands as one of the most devastating defeats ever dealt to statist transportation mythology. The government split the bloated Japan National Railways into seven regional companies, sold them off, and watched private ownership transform a bankruptcy-bound disaster into the world's most efficient rail system. JNR hemorrhaged money for decades before privatization. By 1987, the state railway carried debt equivalent to $200 billion in today's money while delivering mediocre service plagued by strikes and inefficiency. Politicians treated it as a jobs program rather than a transportation service. The predictable result: chronic losses, deteriorating infrastructure, and customer service that reflected government monopoly arrogance. Private ownership changed everything overnight. The new JR companies slashed operating costs by 40% within five years while dramatically improving service quality. JR East alone now generates annual profits exceeding $3 billion. These companies invest billions in cutting-edge technology, maintain punctuality rates above 99%, and operate the world's most advanced high-speed rail networks. They achieved this without a single yen of operational subsidies. The transformation reveals a core dynamic of transportation infrastructure: private companies must satisfy customers to survive, while government monopolies need only satisfy politicians. JR companies diversified into real estate, retail, and hospitality around their stations, creating integrated profit centers that cross-subsidize rail operations. Government railways never innovate this way because bureaucrats face no market pressure to generate returns. Meanwhile, Amtrak burns through $2 billion in annual subsidies while delivering third-world service across most routes, and European state railways require massive taxpayer bailouts every few years to stay solvent.

@DavidPrinceBen ??

God does not bless you to increase your comfort; He blesses you to expand His mercy through you.