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Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each - Webmasters (3) - Nairaland

Nairaland Forum / Science/Technology / Webmasters / Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each (43100 Views)

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Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by LZAA: 3:15pm On Jul 21, 2018
topgun98:
A business savvy individual or a greedy Nigerian( Depends on how you look at it) by the name of Olumayowa Elegbede , has claimed ownership of the domain names of NigeriaAir.ng and NigeriaAir.com.ng and put them up for resale at a cost of 24 million naira each.($66,489).

Entrepreneur or Unpatriotic Opportunist? What's your take?

https://techpoint.ng/2018/07/20/nigeria-air-domain-taken/

Nobody will call out the dull govt who will rather give out the it part to inept clowns who dont even know how to code
Thats their wahala sha
Me na biafran
Cc immhotep pointzerom justiceleague1 greenback

1 Like

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Hotfreeze: 3:15pm On Jul 21, 2018
SageTravels:


Can you explain in more details how he will goto prison.

Read section 16 of the Cybercrime Act 2015.

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by KingMicky3286: 3:18pm On Jul 21, 2018
LessNoise:
Smart move but with the cyber crime act 2015 he could be charged for cyber squatting it’ll take time but trust me it’s a dangerous move for him

Its a free world and his market. If they like let them buy it or chose their own brand. Many people makes money via domain sales. why must Nigerian own be different?
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Hotfreeze: 3:18pm On Jul 21, 2018
LZAA:

Nobody will call out the dull govt who will rather give out the it part to inept clowns who dont even know how to code
Thats their wahala sha
Me na biafran
Cc immhotep pointzerom justiceleague1 greenback

As a Biafran, Nigerian matters aren't your concern. I suggest you register Biafranair.bf grin
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by dPriv: 3:20pm On Jul 21, 2018
.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by kenex4ever(m): 3:20pm On Jul 21, 2018
These people think they are a smart and that's y they can't do business unless it's government supported oil business. Fraudulent lot.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by PointZerom: 3:21pm On Jul 21, 2018
Hotfreeze:


As a Biafran, Nigerian matters aren't your concern. I suggest you register Biafranair.bf grin


Fly NigeriaCoffinAir.com at your peril.

cc Lzza Immhotep

5 Likes 1 Share

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by chijokz(m): 3:21pm On Jul 21, 2018
dhardline:
They will pay. Most likely an agreement with an insider to siphon money as usual.
Exactly my thoughts..most likely an agreed amount around 10m..Still a smart business man..these are the kind of business ideas I encourage the youths to engage in and not always yahoo yahoo.

3 Likes

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by xreal: 3:22pm On Jul 21, 2018
czarina:
Brilliant. Just brilliant but I'm positive FG or whoever the "contract" of finding a domain name is awarded to will not even bother pricing his "market". They'll always find a way around it

There are many ways around it.

Nigeria has 'officially' accepted the name " Naija".
The super eagles' kit in the last world cup proved this.

3 Likes

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by LZAA: 3:22pm On Jul 21, 2018
Hotfreeze:


As a Biafran, Nigerian matters aren't your concern. I suggest you register Biafranair.bf grin
Sure
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Hotfreeze: 3:23pm On Jul 21, 2018
PointZerom:


Fly NigeriaCoffinAir.com at your peril.

cc Lzza Immhotep

Lol
Just like Peace Mass Coffin is killing Biafrans in their hundreds but they keep entering.

1 Like

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by LZAA: 3:23pm On Jul 21, 2018
PointZerom:



Fly NigeriaCoffinAir.com at your peril.

cc Lzza Immhotep
grin

3 Likes 1 Share

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by brainhgeek(m): 3:24pm On Jul 21, 2018
topgun98:
A business savvy individual or a greedy Nigerian( Depends on how you look at it) by the name of Olumayowa Elegbede , has claimed ownership of the domain names of NigeriaAir.ng and NigeriaAir.com.ng and put them up for resale at a cost of 24 million naira each.($66,489).

Entrepreneur or Unpatriotic Opportunist? What's your take?

https://techpoint.ng/2018/07/20/nigeria-air-domain-taken/


Smart but risky. The price tag might deter whoever is in charge of the official domain for the airline. If they have a kind heart, they can buy one of it for patriotism sake. They have paid for things that are far non-profiting like the independence cake of 2010 which cost a whooping 70million+ as far back as 2015 and now the Abacha loot is going up in flames in few months.
This is a profitable venture unlike that national cake
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Yankee101: 3:25pm On Jul 21, 2018
Lol. Various variants dey
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Nobody: 3:26pm On Jul 21, 2018
The government does not need to buy this domain. Too expensive! There're many domain extensions that can serve the airline.

Buying such an expensive website address would be monumental waste and corruption, especially for a country that cannot pay salaries or take care of millions of its citizens languishing in IDP camps across the country.

However, if government insist they must buy it at this ridiculous amount, it will be corruption hatched by the very same people in government tasked with the job. The airline has not even begun but some people are already plotting to use it to steal using it.

I'm sure Buhari would never allow this, except maybe it's his people that are selling it.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by gurunlocker: 3:27pm On Jul 21, 2018
Sharp guy! Please don't call him greedy, he is a wise guy.

I learn something new, even though I know this before, he just give me motivation to try something new out.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by lastempero: 3:27pm On Jul 21, 2018
Hotfreeze:
The guy must be a compound laminated fool to think that they'll use that domain.

They are going to use Nigeriaair.gov.ng and he'll bite his bony fingers in regret.

By virtue of the Cybercrime Act 2015, he is guilty of cybersquatting and NIRA would retrieve the domains from him. He's liable to more than 2 years imprisonment (could be 14 years) and more than 2M fine (could be 24M). By the time the FG is through with him, he'll be begging the FG to collect the domains back.

However, considering how profligate this government is, if they can use 86M to cut the hair of a bald President, they would be willing to pay more for the domain names.


Thought as much but Iam sure there will be an escape route for him,going by our yeye law that has alot of Escape route from justice.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by thunderbabs: 3:30pm On Jul 21, 2018
Unpatriotic for what? He is a smart bizman na.
Na him koba Nigeria ni... Abegii, if una go buy, mk una buy and if una no buy mk una gerrrrouuut.

FG go kuku still use d website embezzle b4. And what he is asking is jus peanut from what is about to be embezzled.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by MrGerald(m): 3:31pm On Jul 21, 2018
topgun98:
A business savvy individual or a greedy Nigerian( Depends on how you look at it) by the name of Olumayowa Elegbede , has claimed ownership of the domain names of NigeriaAir.ng and NigeriaAir.com.ng and put them up for resale at a cost of 24 million naira each.($66,489).

Entrepreneur or Unpatriotic Opportunist? What's your take?

https://techpoint.ng/2018/07/20/nigeria-air-domain-taken/

Greedy Nigerian, he knows or think Nigeria air would need domain name similar to that and he rushed to open it, there are so many options for them, that your domain will expire and I'll use it for expired domain investing for peanut price.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Bhenehdikt(m): 3:42pm On Jul 21, 2018
He's smart. But there's a law prohibiting what he has just done.

2 Likes

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Meklex(m): 3:46pm On Jul 21, 2018
Hotfreeze:


Read section 16 of the Cybercrime Act 2015.


this is possible only if such names were acquired AFTER it was actually registered. It's either federal government buys the domain from the guy or they find a different domain. Have you heard about domain name business before?

1 Like

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by ifymadu: 3:54pm On Jul 21, 2018
Hotfreeze:
The guy must be a compound laminated fool to think that they'll use that domain.

They are going to use Nigeriaair.gov.ng and he'll bite his bony fingers in regret.

By virtue of the Cybercrime Act 2015, he is guilty of cybersquatting and NIRA would retrieve the domains from him. He's liable to more than 2 years imprisonment (could be 14 years) and more than 2M fine (could be 24M). By the time the FG is through with him, he'll be begging the FG to collect the domains back.

However, considering how profligate this government is, if they can use 86M to cut the hair of a bald President, they would be willing to pay more for the domain names.
Well done dude, this is a very good post backed with facts. This is what is lacking in nairaland, people just post before they think and 99% of the times they end up posting rubbish. Well, it is said that you can’t give what you don’t have, so I don’t blame most of them. They are full with rubbish so they give rubbish.

3 Likes

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by SlayQueenSlayer(m): 3:57pm On Jul 21, 2018
ElRapido:
As it stands, the government has two options; to buy the domain names from Olumayowa or to include Nigeria Air in the gov.ng sponsored top-level domain. The latter is very unlikely since the carrier would be run as a private entity.

Also, failure to buy the domains would put prospective clients at the risk of being misled and defrauded because NigeriaAir.ng or NigeriaAir.com.ng would be the default go-to places for many people.

Therefore, it is safe to say that Olumayowa would be cashing out soon, even though he’d only be getting a fragment of the ridiculous amount we imagine would be budgeted to develop the National Carrier website.

Cyber squatting is illegal. He should be worried.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by CodeTemplar: 4:00pm On Jul 21, 2018
HigherEd:
My uncle did this sometime ago and bought many possible websites for eko atlantic city. Sharp pal set did country. Don't even know why I couldn't think of this quickly as I need money myself....
Good business! The thing appears a easy business.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Mpanyi: 4:01pm On Jul 21, 2018
dhardline:
They will pay. Most likely an agreement with an insider to siphon money as usual.

Thumb up. You understand the country.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Hotfreeze: 4:04pm On Jul 21, 2018
Meklex:
this is possible only if such name were acquired AFTER it was actually registered. It's either federal government buys the domain from the guy or they find a different domain. Have you heard about domain name business before?

It's domain name flipping you're calling business? Have you ever heard of a single domain name flipped in naija under NIRA?
Better go and give a lawyer that thing to read and explain it to you. This is not Yankee o, SARS fit collect domain name here o! grin

When they ask him to present documents to back up his usage of the domain name and he's unable to do so, I hope you'll be there for him?

3 Likes

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by ajl: 4:12pm On Jul 21, 2018
Hotfreeze:
The guy must be a compound laminated fool to think that they'll use that domain.

They are going to use Nigeriaair.gov.ng and he'll bite his bony fingers in regret.

By virtue of the Cybercrime Act 2015, he is guilty of cybersquatting and NIRA would retrieve the domains from him. He's liable to more than 2 years imprisonment (could be 14 years) and more than 2M fine (could be 24M). By the time the FG is through with him, he'll be begging the FG to collect the domains back.

However, considering how profligate this government is, if they can use 86M to cut the hair of a bald President, they would be willing to pay more for the domain names.

No. Things don't work that way. You don't use ".gov." for business venture. It's not a government agency. The guy committed no crime. He acted like a typical speculator. This further show that the people running this country are not bright people. It's like me wanting to publicly launch a business venture without first trademarking the biz name, securing the web domain name, and protecting intellectual property.

1 Like 1 Share

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by miliki777: 4:15pm On Jul 21, 2018
topgun98:


Thought so as well, they would simply choose another domain name e.g FlyNigeriaAir.com or something else.

lemme register dis one nw grin grin grin
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by miliki777: 4:15pm On Jul 21, 2018
topgun98:


Thought so as well, they would simply choose another domain name e.g FlyNigeriaAir.com or something else.

lemme register dis one nw grin grin grin .
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by jamih: 4:18pm On Jul 21, 2018
If the term "Nigeria air" is trademarked before he bought the domain , then they Can issue a seize and desist. They will collect the domain for free .
But if he had reg the name before they trademark the term, he can sell it for any amount he wants.

Some domain sales
Malaysianairlines.c om sold for $1000
Senegal airlines.c om sold for $2500
Indianairlines.net $14550
Source: namebio.com

Although, if I were him, I would contact them and give them the domain for free ( it happens a lot of time in domain world)

2 Likes

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by ajl: 4:23pm On Jul 21, 2018
Hotfreeze:


It's domain name flipping you're calling business? Have you ever heard of a single domain name flipped in naija under NIRA?
Better go and give a lawyer that thing to read and explain it to you. This is not Yankee o, SARS fit collect domain name here o! grin

When they ask him to present documents to back up his usage of the domain name and he's unable to do so, I hope you'll be there for him?

So, in your opinion Nigeria is a kangaroo society. What happen to free market. People in government behind the idea should blame themselves for not been diligent. You don't go announce a biz venture to the public without first taking care of little things that all need to be done.

2 Likes

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by LaudableXX: 4:23pm On Jul 21, 2018
Intelxiii:
9jaAir, Air9ja, 9jaAirways. Airnaija.gov Nigerian have a lots of available names to use bet me after two years that name will be available to host with no cost.
Exactly! The guy's move is a no brainer. Too many acronyms exist, that the govt can use.

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