Facebook Will Soon Let You EarnMoney From Your Posts — Report

Short Bytes:Mark Zuckerberg has realised Facebook’s power to experiment with new ideas
to generate content and revenue. According to a news report, Facebook is testing new ways to allow the individual users to earn money from their posts. It indicates how aggressively Facebook is moving ahead to become a more dominant force in real-time sharing.

Facebook is now looking for new ways to make monetization of different aspects of Facebook a priority and become thebiggest force in the tech world.

Recently, the company allowed all publishers to use the Instant Articles platform and show ads to the readers.As a similar policy change, a newsurvey was recently spotted byThe Vergethat hints at the futureprospects of Facebook allowing its users to make some profit from their posts on the social network.

The user survey indicates that Facebook users could make money or promote a cause with the help of different options.

Users can include a tip jar, share branded content, and take a portion of the ad revenue Facebook earns from their posts.It was also reported that Facebook could also ask the users to use a ‘call to action’ button to direct the visitors to donations, some sponsored marketplace, or other monetization schemes.

At the moment, Facebook doesn’t allow the individual usersto earn money by posting any content on Facebook.

It has allowed the news publishers to make money using its platform by rolling out more tools and ad formats.

In past couple of years, Facebook has emerged as an advertising giant and the business of online news has never been forgiving.

According to a recent survey, in the first quarter of 2016, 85 cents of every dollar spent on online advertising goes to Facebook or Google.Facebook has the power to experiment with new ideas to generate content and revenue. It has realised its potential as a game changer and is busy twisting and making the new rules of internet marketing.

NBC fraud: EFCC recovers N10b

NBC fraud: EFCC recovers N10b

Abuja - The Economic and Financial Crimes Commission (EFCC) has recovered N10 billion from the National Broadcasting Commission(NBC) being alleged inflation of collateral funds meant for Digital Set-Top -Boxes.



The commission is set to prosecute a former Director-General of NBC, Emeka Mba and three others.

Also to face trial is the NBC’s Director of Finance, Patrick Areh, who received a curious transfer of N390million and another N20million cash gift from the contract sum.

Others are the Managing Director, Technology Advisor, Basil Udotai, and the Managing Director of In-View Technology Limited and D-Vine Partners Limited, Babatunji Amure.

According to EFCC’s investigation, NBC under Mba defied the Federal Government’s directive of August 7, 2015 on Treasury Single Account (TSA) to divert N15 038 400,000, out of N34 114 500,000 received from MTN for Spectrum Band Width, to finance the contract for the Digital Set-Top -Boxes.

Out of the diverted N15 038 400,000 as collateral security to Zenith Bank Plc, EFCC investigators discovered that only N4 977 227 400 was needed.

$300m in looted funds to be returned to FG from Switzerland

$300m in looted funds to be returned to FG from Switzerland

Abuja - Foreign Affairs Minister Geoffrey Onyeama has disclosed that negotiations are currently under way with a number of countries around the repatriation of looted funds stashed abroad.

The Minister revealed exchanges between Nigeria and Switzerland, saying that the Swiss had already repatriated $700 million in looted funds, Punch reports.

Onyeama also made mention of a further $300 million that had yet to be recovered but would be repatriated soon. He also revealed ongoing negotiations with the United Kingdom and the US around the repatriation of funds, saying that President Buhari had garnered international cooperation around the loot drive.

OONI OF IFE, OBA ADEYEYE OGUNWUSI TO ENGAGE 3,000 YOUTHS

Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, recently assured youths in the town that about 3,000 of them would be engaged at his ongoing project site in Ile-Ife.

He stressed also that 40 square miles of land had been

 acquired at Ife reserve to drive massive agricultural revolution which would pave way for cocoa, oil palm and rubber plantation.

He said that the scheme would create job opportunities for not less than 20,000 people.

The monarch, who made these known in a statement by his Director of Media and Public Affairs, Mr Moses Olafare, in Osogbo, added that, the project would be dedicated this new year 2016 for youth development.

The statement also pointed out that, the king has set up a working committee on the “Youth Sport Drive and Talents Hunt” which is being spearheaded by a renown FIFA instructor and former Super Eagles coach, Chief Adegboye Onigbinde, a Modakeke indigene and NSA stalwart Chief Taiwo Ogunjobi to come out with a template of bringing back the old glory of sport competition, tagged “ Oduduwa Cup”.

This will take place across the Yoruba Nation.”