After the Lagos State Lotteries Board (LSLB) approved the operations of Koborise App Technologies Ltd., to commence Ekojara, an online gaming platform last week, the company promised to add value and empower young graduates in the country.
“At Ekojara, we are focusing on empowering graduates from Nigerian Universities with proceeds from our Online Lottery Games within the next three years. This is a deliberate strategy to tool and retool our young citizens to fold up their sleeves to work, earn and plan,” the company said on its website.
The company said Nigeria produces over five-hundred thousand (500,000) graduates who are unable to find lucrative jobs or viable means for survival. The convenient narrative by employers of labor is that Nigerian graduates don’t particularly fit into a structured work environment.
“Nonetheless, one thing that is clear about we Nigerians, is that we are perpetually resourceful whether given a fair chance or not.”
According to Hillary Nwaukor, the CEO of Ekojara an auctioneer, the game is the company’s means to add value to millions of Nigerians.
He said Ekojara is a unique platform that gives users an opportunity to win big value items and cash with minimum risk of 0.20 percent of the published value; this is a predetermined amount of money that user pays for each ticket they buy.
“For instance, if we publish a cash game of N10,000, each user that wants to bid to win the prize will be required to play with 0.20 percent of N10,000 which is equal to N20 Naira per chance”, he explained, adding that after downloading an app, the user is required to sign-up, then top-up their wallets with a minimum of N500 before taking a chance to play the advertised games.”
Also, Olayemi Agbe-Davies, Ekojara co-founder, further explained the game categories as ranges from household electronics, smartphones, recharge cards, data plan, automobiles, and cash.
“You may notice that we have real estate and automobile listed among the categories. Yes, we are a forward-thinking organization and believe that very soon ‘players’ can win houses as rewards likewise automobiles.
“Players enter their dream numbers and submit within the odds of 01-99 into 5 unique boxes provided for a given dream-bid category. Each submitted set of lucky numbers generate a unique ticket entry. Numbers played can be generated by the players or by the system depending on the option the player wants.
“When the bid time elapses on a game, a draw will be carried out by the randomizer system and one ticket out of the lots of entry will emerge a winner for the advertised item. The draw system is transparent and void of human manipulation. The system is designed to entrench probity and accountability”, he explained.
Meanwhile, Nwaukor said that the company is equally positioned to outsource the application to Fast Moving Consumer Goods (FMCGs) Companies in Nigeria and Online Brand Influencers – for a general bonanza, giveaways, and promotions driven by our innovative lottery application.
“Our trademarks and unique gaming application is fully copyrighted and registered with the trademarks, patents and designs registry, commercial law department, federal ministry of industry, trade, and investment, Abuja”, he said.
According to the Lagos State Lotteries Board (LSLB), the board maintains strict processes before such platforms are approved as a means to ensure transparency and customer satisfaction.
“LSLB holds its licensees to high operational standards in the interest of stakeholders. Before Ekojoara was approved, it was subject to different tests.
“LSLB is notable for adopting a stakeholder inclusive approach in carrying out its regulatory functions. We promote a favorable operating environment for licensees and integrity of games for stakers. Thus, Koborise App Technologies Ltd has now been approved to carry out lottery games online”.