Pan African Payments Company Cellulant Acquires PSP License In Ghana

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Pan African Payments Company Cellulant Acquires PSP License In Ghana

Digital payments have seen tremendous growth in the past couple of years. As of January 2021, 38.9 percent of the population aged 15 years and older had a mobile money account in Ghana.

The share of mobile money users has increased over the previous three years as Ghanaians have gradually adopted a robust digital payment infrastructure. However, cash remains a dominant preference for payments.

One of the contributing factors for preference of cash over digital payments is the high costs of digital payments that are often passed on to users, a lack of trust in, or familiarity with digital payments.

To curb these inefficiencies in digital payments, Cellulant has successfully rolled out Tingg, a digital payments platform enabling businesses and their consumers to accept and make payments seamlessly.

This announcement comes after the Central Bank of Ghana issued Cellulant a Payment Services Provider (PSP) License. The PSP License allows Cellulant to aggregate merchant services, process financial services, acquire merchants; deploy POS systems, and aggregate payments for banks, institutions, and the general public.

Pan African Payments Company Cellulant Acquires PSP License In Ghana

The license is a requirement under the Payment Services Act 2019 which mandates that all Financial Technology or digital payments companies be licensed by the Bank of Ghana before they can operate in the country.

With a view to maintaining a sound financial system, promoting financial inclusion and innovation, and ensuring the safety, security, and stability of Ghana’s financial sector, The Bank of Ghana redefined the categories and permissible activities for financial technology companies with PSP enhanced licenses. Allowed services include mobile payments, bulk payments, and mobile banking.

This license also allows for the provision of 3rd party payment gateways, a marketplace for duly regulated financial service providers, merchant acquisition and aggregation, the printing, and presentation of EMV cards, inward international remittance services, as well as limited use of closed-loop virtual cards.

Cellulant is launching Tingg in Ghana to provide the best customer experience for all persons and businesses looking to digitize their payments, collect, and disburse to customers today.

Cellulant Ghana Country Manager, Eric Kortey, expressed delight over the product launch and license acquisition, sharing his optimism about the future of payments and the Fintech ecosystem in the country. In his words, “We believe that Ghana is fast becoming a hub for fintech in Africa.

Being licensed by the Bank of Ghana means a lot to the growth of our industry and opens doors to increased security and confidence in digital payments systems. Cellulant’s digital payments platform is allowing every Ghanaian to pay for their goods and services through any payment channel of their choice.”

Speaking on the rollout of Tingg he adds, “Cellulant is addressing the fragmentation of payments for both businesses and their consumers. The digital platform, which recently also launched in Zambia, offers simplified payment tools and processes for a merchant to manage their payments. As a result, businesses can allow their customers to make payments for goods and services using locally relevant payment options.”

Hundreds of businesses have already begun using Tingg to collect digitally from their customers across Ghana.

Heirs Insurance Deliver On Promise To Help Customers Purchase Insurance In Five Minutes

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Heirs Insurance Deliver On Promise To Help Customers Purchase Insurance In Five Minutes

Digital insurance companies, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), have confirmed that customers are now able to purchase insurance policies from their websites, www.heirsinsurance.com and www.heirslifeassurance.com, in mere minutes.

The revolutionary, interactive websites—first of their kind in Nigeria—ensure that customers have access to quick insurance, completing transactions in minutes wherever they are, without any human intervention.

This development signals the kick-off of the companies’ ambition to digitalise insurance and provide a viable alternative for customers to purchase products and request claims without delay, as well as learn more about insurance.

Niyi Onifade, MD, Heirs Life Assurance, explained that the websites were designed to remove the barrier of accessibility.

He said: “For us at Heirs Insurance and Heirs Life, our business revolves largely around satisfying our customers and we understand the important role technology plays in making that happen, as well as widening the scope of our offering to underserved markets.

“Presently, our websites offer a web app feature that allows customers to buy and pay for policies in just five minutes and request for claims within 24 hours. This, we believe, is the ease customers truly deserve and we are glad to be pioneering that”.

Heirs Life Assurance Partners Avon Medical On World Blood Donor Day-Brand Spur Nigeria
Heirs Life Assurance Partners Avon Medical On World Blood Donor Day-Brand Spur Nigeria

Dr. Adaobi Nwakuche, Ag. MD/CEO, Heirs Insurance Limited, confirmed the companies’ stance on technology offering ease and comfort to customers.

She said: “We are delighted that customers can now purchase products via our websites. This milestone speaks to the innovation we are bringing into the insurance industry and more importantly, our commitment to our customers. Our promise of simple, quick, accessible, and reliable insurance service is closer than ever”.

The duo of Nwakuche and Onifade have repeated severally in their series of media engagement that the companies will constantly be at the intersection of technology and innovation, leveraging the power of both factors to provide for customers, well-tailored, value adding products at affordable prices.

Heirs Insurance Limited (HIL), the general insurer, with the mandate to protect people’s properties, and specialist life insurance company, Heirs Life Assurance Limited (HLA), with a vision to provide financial security and life insurance plans for people, are positioned to become the leading Nigerian insurers leveraging digital to provide simple, quick, reliable, and accessible insurance to individuals and businesses.

With paid-up share capitals of N10billion and N8billion respectively, HIL and HLA commenced full operations with a workforce of astute and experienced professionals, and a robust financial capacity to underwrite all classes of general and life insurance businesses. The companies are supported by top-notch Reinsurers to provide second-layer security for clients’ insurance portfolios. Both companies are subsidiaries of Heirs Holdings, a pan-African investment group with a presence across twenty-three countries worldwide.

VBank Maintains Dominance In Sports Development

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VBank Maintains Dominance In Sports Development

The V Shitsuke Flag Football league championship (Season 5) came to a climax recently with the Titans lifting the trophy for the season.

The defending champions, Titans, had defeated (Lagos) Rebels 61 to 41 in a spectacular outing that was every inch a final after nine consecutive Sundays of nine teams going head-to-head.

Title sponsor of the game, VBank, was present to cheer the players and colour the occasion. For the second season in a row, VBank, Nigeria’s digital banking platform and Banking app of the year 2020, has supported the V Shistsuke Flag Football league. For the last one year, the platform, powered by VFD Microfinance bank, has sponsored one sporting event after the other.

VBank Maintains Dominance In Sports Development-Brand Spur Nigeria
VBank Maintains Dominance In Sports Development-Brand Spur Nigeria

Speaking on this, Efeturi Doghudje, Head of Marketing and Corporate Communication, VFD Group said, “VFD as a corporate establishment believes in promoting social cohesion in our local environments and that is why sponsoring sporting activities will remain an attraction for us. In addition to keeping people fit, team sports like flag football encourage more people to bond either by watching and cheering their favourite teams or by playing in the games. The Shitsuke league in particular is doing a great job of making flag football more popular in Nigeria and VBank will continue to support innovations.”

As the Titans cemented a second win that allows them to retain the trophy for another season, individual brilliance was recognized when Odunayo Komolafe and Vivienne John were awarded the Male & Female Most Valuable Player (MVP) plaques respectively for the V Shitsuke Flag Football league Season 5.

Last April, VBank partnered with Lagos Country Club to host a 2-week snooker & billiards tournament where winners won a total of six hundred thousand naira in cash. Prior to that the digital bank had sponsored its maiden snooker tournament which was held at eBar in Lekki, Lagos steadily building its footprints in Nigeria’s sporting scene.

FrieslandCampina WAMCO Unveils Coast, Olympic,Nunu Milk With #Word Twist Campaign

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FrieslandCampina WAMCO Unveils Coast, Olympic,Nunu Milk With #Word Twist Campaign

FrieslandCampina WAMCO, Nigeria’s foremost dairy company and makers of Peak and Three Crowns milk, has announced a digital ‘Word twist’ campaign to relaunch Olympic, Coast and Nunu milk brands into the Nigerian market.

The new ‘Word twist’ campaign requires consumers to compose meaningful sentences with Coast, Olympic and Nunu for a chance to win fantastic prizes. For example, “You can now Coast to natural goodness like the fastest man alive cruises to Olympic medals with one Nunu milk a day in your meal.”

Speaking on the development, the Marketing Manager, Omolara Banjoko disclosed that the campaign became necessary following FrieslandCampina WAMCO’s acquisition of PZ Nutricima and its brands; Olympic, Coast and Nunu.

“These brands have an existing portfolio across different formats with varied strengths in the different regions of the country. Hence, with this campaign, we plan to strengthen the perception of the brands leveraging FrieslandCampina WAMCO’s strong heritage” Banjoko said.

FrieslandCampina WAMCO Unveils Coast, Olympic,Nunu Milk With #Word Twist Campaign-Brand Spur NIgeria
FrieslandCampina WAMCO Unveils Coast, Olympic,Nunu Milk With #Word Twist Campaign-Brand Spur NIgeria

She further explained “We are committed to bringing affordable and readily available quality dairy products to Nigerian consumers and with this acquisition we will be able to meet the growing demands of our consumers.

“Coast Milk promises natural goodness and therefore it is a perfect match that will work well with consumers who wish to stick to natural made products. Adults have a myriad of responsibilities to attend to daily and with Olympic milk, they are assured of getting the right nutrients that will cater to their energy needs and active lifestyle.

“Nunu offers nutrient-rich milk that can conveniently be used by consumers and businesses looking to upgrade their everyday meal and intermediate products. Olympic, Nunu and Coast milk are back like they never left and we encourage people to look out for the brands in their neighborhood” Banjoko said.

FrieslandCampina WAMCO will continue to expand its portfolio, particularly through low unit price packs and by strengthening its distribution reach in the market.

SUNU Assurances Announces N313m Profit

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SUNU Assurances Announces N313m Profit

SUNU Assurances Nigeria Plc has announced that it posted a profit before taxation of N313.41 million in the 2020 business year.

The firm said the above performance when compared to a loss before taxation of N188 million in 2019, despite the effects of the COVID -19 pandemic is a remarkable achievement.

The Sunu Assurance Group Chairman, Kyari Abba Bukar, who disclosed this at the 34th Annual General Meeting (AGM) of the company held in Lagos, said Sunu, also recorded a growth in its gross written premium from N3.060 billion in 2019 to N4.209 billion in 2020.

This, he added, represented growth of N1.149 billion in value and 37.5 in percentage terms.
According to the Sunu Assurance boss, the growth was due to the group’s strategic decisions on revenue generation.

He said the net claims incurred for the group increased by 14 percent from N658 million in 2019 to N752 million in 2020.

He however said the underwriting profit grew by 38 percent from N1.189 billion in 2019 to N1.636 billion in 2020.

He attributed this to 34 per cent increase in total underwriting income from N2.429 billion in 2019 to N3.246 billion in 2020.

SUNU Assurances reports 30% profit growth to N1.2billion

The Group operating expenses for 2020 totalled N1.846 billion, which was 3.5 percent decrease when compared to 2019 figure of N1.913 billion.

He explained that the decrease was as a result of the group’s deliberate strategy to improve its operational efficiency using information technology.

“Investment income for the year amounted to N345.58 million, a decrease of 52percent over 2019 figure of N719.53 million. This was as a result of fall in investment rate on placements held with financial institutions and FGN Securities in most part of 2020 financial year when compared to 2019, “he said.
Bukhar said he was excited that the group returned to profitability during the year under review.

He disclosed that the company has proceeded with its plan to raise capital, noting that the board had in exercise of the mandate by Shareholders mandated SUNU Participations Holding SA and SUNU Assurances Vie Cote D’Ivoire SA on behalf of the company to pay-off the holders of all the JPY1,350,000,000 Zero Coupon Bonds 2026 issued by the company the sum of $7,800,000.00, representing the outstanding indebtedness owed to the Bondholders by the company as at 31st December, 2019.

He explained that upon the repayment of the debt, the total refinancing amount which was converted to equity through the allotment of ordinary shares to SUNU Participations Holding SA and SUNU Assurances Vie Cote D’Ivoire SA was agreed at N3,010,800,000.00 ($7,800,000 converted to Naira at N386/$1 using the exchange rate at I&E window at the date of the consummation of the transaction.

“The issuance of 3,010,800,000 ordinary shares of 50 kobo each at N1.00 per share by way of private placement to SUNU Participations Holding SA and SUNU Assurances Vie Cote D’Ivoire SA was completed with the regulatory approvals received from NAICOM, SEC, Federal High Court, NSE, CSCS, CAC and FRCN. The shareholders fund increased from N3.66 billion as at December 31, 2020 to N6.67 billion as the date of the AGM.

“It is expected that the second stage of the raising of additional capital by way of rights issue of N3.5 billion would commence in July 2021 and would be completed by 30th September, 2021. I would therefore urge the minority shareholders to take advantage of the rights issue offer to increase their shareholding given the requirement of the free float rule of the NSE which requires the company to maintain twenty percent of its issued share capital to be made available to the public and held by not less than three hundred (300) shareholders, ”he added.

TWINNES launches in Lagos, set to take the beauty industry by storm

Oreoluwa Aderinkomi
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TWINNES launches in Lagos, set to take the beauty industry by storm

TWINNES Global on Tuesday in Lagos launched its range of beauty, healthcare and skincare products. With an array of products, the company is set to take the industry by storm.

Speaking at the official launch of the company and its products, the MD/CEO, Bola Ojofeitimi noted that the company, registered with the CAC and incorporated in the United Kingdom (UK) with its head office in the UK, “Twinnes Ltd. was primarily established to redefine customers experience through swift, quality products and excellent services delivery.”

Twinnies
Twinnes global MD/CEO, Bola Ojofeitimi and Architect Niyi Adesanya (cutting of tape) at the official opening on Tuesday, Aug. 3, 2021 in Lagos | Brand Spur Nigeria

The company which currently boasts of 3 subsidiaries; TWINNES Beauty, Foods and healthcare offers a wide range of  Skincare Solutions, healthcare, hair, foods and looks to having tourism and travels amongst its family of businesses.

“I must say that these 3 aspects of life (what we eat, our skin, and our general health) are very important for us to live a happy, healthy and fulfilling life, and our broad range of skincare and healthcare solutions are tailored towards addressing these needs of our esteemed customers.

Twinnies
Twinnes global MD/CEO, Bola Ojofeitimi | Brand Spur Nigeria

According to her, the company’s products are a blend of uniquely sourced ingredients for all skin types. “Our wide range of products consists of unique skincare, healthcare, and hair products…ranging from body scrub, body oil, toning cream, whitening facial cream to the body, moisturizers, trendy and classy hairpieces, and more”.

Twinnies
L-R Twinnes global MD/CEO, Bola Ojofeitimi, a client and Adeola seriki, Brand Ambassador | Brand Spur Nigeria

“It’s been a long time coming and I’m delighted to bring it down to my home country, Nigeria, after spending 35 years in the UK”, she said.

“We didn’t just get here, I failed so many times in trying to sell and put these products together, but today the business has grown to be what it is today and I can tell you we have clients globally”.

“We have had overwhelming testimonials from the UK and we’re humbled by this, even as we have started receiving some from Nigeria,” Bola noted.

She however thanked all who were gracious enough to grace the occasion and being a part of the history and journey to bring top-notch products, services and skincare solutions to all.

Konga Chairman, Zinox Ed Bow Out In Style

Esan Bolaji
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Konga Chairman, Zinox Ed Bow Out In Style

Serial digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh has heaped praises on two recently retired Executive Management staff, Chairman of Konga Group, Mr. Olusiji Ijogun and Executive Director, Zinox Group, Mr. Etiene Etukudoh for their immense contributions and years of outstanding service to the companies, even as he expressed deep gratitude to them for their invaluable efforts and sacrifices.

Konga
Chairman, Zinox Group, Leo Stan Ekeh (left) poses with the exiting Executive Director, Etiene Etukudoh (right) and his wife during a valedictory event to mark Etukudoh’s exit. | Brand Spur Nigeria

Ekeh spoke at a smart valedictory event held in honour of Ijogun and Etukudoh.
The event was held at the impressive Yudala Heights located at Idowu Martins, Victoria Island, Lagos on Tuesday, August 3, 2021. The well-attended event, organized in strict compliance with COVID-19 regulations, saw Executive Management and staff of the Zinox and Konga groups, as well as other guests and associates of the departing staff in attendance.

Konga

While delivering his appreciation speech, Ekeh explained his many years of a fruitful relationship with the two distinguished personalities and wished them greater heights in their future endeavours.

Ekeh, who described Ijogun as a brother, stated that integrity is a major quality for the choice of Chairman for any organization.

Konga
Outgoing Chairman, Konga Group, Olusiji Ijogun and wife pose with the Chairman, Zinox Group, Leo Stan Ekeh (right) during a valedictory event to mark his Ijogun’s exit. | Brand Spur Nigeria

“For a company to be successful, the biggest brain is the Chairman and the CEO as they prescribe and supervise the implementation of quality culture, structure and systems. It is not just the knowledge of the business, the integrity of the personality and the quality of leadership. The business is bound to fail if the leaders don’t believe in God and that’s a major problem with start-ups in Africa. Konga wouldn’t have survived if I hadn’t known Siji.
‘‘It is a privilege to have Mr. Ijogun as Chairman of the Konga Group and we really appreciate his many efforts,” Ekeh said.

Konga

Further, Ekeh drew rich illustrations from his many professional and personal experiences with Mr. Ijogun, noting that his time as Charman of the Konga Group was a blessing to the entity.

Also speaking about Etukudoh, who spent many performance-filled years at TD Africa where he rose to the position of Managing Director, Ekeh described him as an ideas man who he can always vouch for.

“Etiene is an all-rounder. He worked for all the companies in the Group. He is a good Nigerian and he has style. He’s one young man I can vouch for. He’s brilliant, modern and trustworthy. I have great confidence in him and I always told him when I have new businesses. He’s a man of great ideas and we consider it a privilege for him to have worked with us. This relationship is for life. You have me as a father so you can call me anytime,” Ekeh assured.

The event also offered attendees the opportunity to share their goodwill messages as well as their experiences of working with Ijogun and Etukudoh. Many of the speakers were effusive in hailing both men as inspirational professionals who will be greatly missed.

Reacting to the showers of encomiums, Ijogun, a certified corporate guru with a track record of exceptional service with a host of multinationals, expressed gratitude for the opportunity to serve as the first Chairman of the Konga Group after its acquisition by Zinox. He described Ekeh as a calculated risk-taker and an unmatched incubator of businesses that can turn a profit from waste.

He also predicted a progressive future for Konga and charged the Group to remain resilient by sustaining its impressive growth trajectory.

“Konga’s growth is phenomenal. Nobody knew online platforms would be the order of the day before COVID-19. To the glory of God, Konga has moved from loss-making to profit-making, with over 15 times greater in terms of revenue and I must commend Mr. Ekeh for the deep pockets. Since inception, we’ve added the Health, Food, Bulk and Travel business and still have more in the offing. With influx of investors, Konga will be a major African business initiative in the nearest future,” Ijogun declared.

Also expressing gratitude for the memorable show of love, Etukudoh reaffirmed his loyalty as a brand ambassador for the Zinox Group.

“I am grateful for the honour. In everything, I just wanted a big brand. I want to celebrate everyone who has been a part of my life. It’s been a journey. I came into the Group and made up my mind to demystify what people call the ‘Oga status’.

‘‘After today, nobody remembers the title but how you treated them. I’ll recommend that every staff work closely with the Chairman for at least one year before they leave the company. Chairman has been a big brother and his hunger has no part two. I’m grateful to Chairman, his wife, Mrs. Chioma Ekeh and everyone else. This is a great family and we have to keep it growing forever,” he said.

Unity Bank Unveils New Code on USSD Platform to Combat E-Banking Fraud

Esan Bolaji
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Unity Bank Unveils New Code on USSD Platform to Combat E-Banking Fraud

02.08.21. In a bid to safeguard its e-banking platforms with enhanced safety and security features, Unity Bank Plc has unveiled a new code on its USSD platform that completely puts the customer in control of his Bank Account against any e-Banking fraud.

The new code which is *7799*9*Phone Number # allows customers to block access to their Bank Accounts, hence without recourse to the Bank, a customer is able to prevent and protect his Bank Account from unauthorised access using any mobile device if fraud is suspected.

As part of the robust feature of the Bank’s USSD platform, Bank customers can directly initiate the new Code and successfully block the account from a third-party mobile device.

Unity Bank
Unity Bank Unveils New Code on USSD Platform to Combat E-Banking Fraud

To unblock the Bank account, customers can walk into any branch of Unity Bank closest to them and request reactivation.

As a result, customers are thus able to exercise unlimited control with the new code as the Account Blockade can be initiated from any phone to prevent any unauthorised transaction or access to the Bank Account. The blockade can also be initiated to stem risks arising from the loss of the debit card or incidences of unauthorized transactions.

This feature now offers full control to Unity Bank customers to protect themselves from scams, secure all banking transactions, and puts the customers well ahead in control of their banking transactions.

The new anti-fraud code enhances the Bank’s robust security system to safeguard customers’ bank accounts against any form of cyber threat or incurring financial losses from fraud attempts.

According to the latest banking industry fraud report by Nigeria Inter-Bank Settlement System, cyber fraud rose by 534% as Nigerian banks lost a total of N3.5 billion in the past year alone. The unveiling of the new USSD code is, therefore, part of Unity Bank’s strategic move to protect their customers by reducing to zero, losses from electronic banking frauds.

The *7799# code which was introduced three years ago and enhanced with a multi-language capability has remained a critical component of the Bank’s robust e-banking channels facilitating seamless and secure banking transactions.

Speaking on the new anti-fraud code, the Directorate Head, E-Business, Retail & SME Banking, Mr. Funwa Akinmade said that leveraging necessary technology to protect the bank’s assets including customer’s Bank account remains a top priority for the Bank in the face of rising cyber-security threats.

He said: “With fraud concerns on major payment channels across Nigeria, every player in the financial services industry in Nigeria must think of a way to stay ahead of its game”.

“With the added USSD feature that allows customers to block their accounts using *7799*9*Phone Number# code, even from a third party device, we have given greater empowerment to customers to transact freely on our USSD platform. With the USSD feature, being available to both smartphone and feature phone users, it means even the least digital-savvy customers of Unity Bank can effectively use the new anti-fraud code”.

“More so, since the USSD is available in the three major local languages, it, therefore, has the potential to reach the greatest number of people who are looking for convenient and secure banking services.”

The unveiling of the new anti-fraud code on the USSD platform is also accompanied by the rollout of a nationwide radio campaign to educate the banking public on the options available to them to bank safely and securely.

Top Polaris Bank Staff Steals N20million From Customer’s Account Again

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Top Polaris Bank Staff Steals N20million From Customer’s Account Again

…Management Begins Investigation

A top staff of Polaris Bank has been accused of stealing over N20 million from a customer’s account identified as Ajibola Sanusi with account number 28122***.

Brand Spur Nigeria gathered that the Polaris Bank customer who is a US-based Nigerian opened a savings account with Polaris Bank, Computer Village, Lagos in 2018 and deposited over N25million in the said account.

A check on the account statement showed that a total of N19,732,190 was stolen by an employee of the bank between July 5 and 12, a few weeks after Sanusi called the bank and directed that the account should be blocked.

Using proxies, the money was transferred to different accounts belonging to Gbenga Adebisi Florence, Abdulazeem Olamide Bello, Dudafa Preye, Sakirat Adesiju and Shukurat Tayo Ibitoye without Sanusi’s authorization.

Sanusi said, “So I visited Nigeria last week and found out my savings account had been tampered with by the staff of Polaris Bank, Computer Village branch, Ikeja, Lagos. Over N20 million was stolen from me,”.

“For the three months, I realized I stopped receiving my monthly email alerts, which bothered me. So on June 18, 2021, I received an alert of debited sum of N50, so I called the customer services immediately and the lady asked if I was familiar with the name Ismail Bello and I responded that it sounded familiar but I couldn’t remember. She said the person was my account officer, so I asked her what would my account officer want to do with N50?

“She said he might do that to track my balance, so I asked how much is my balance at the moment and she told me the exact amount I was expecting to hear.

“So I told her to please block my account and that no one is authorised to make any withdrawal except me and that it has to be me coming physically and she claimed she did it. So arriving in Nigeria on Saturday, 17th of July at about 11:45 am, I got to my branch where I opened the account and was told I didn’t have enough balance in my account.

“At first, I thought it was a joke, so one of their staff members came to me and showed me a fake Nigerian passport that was used to create online banking.

“According to what one of their staff members showed to me, I could see they have a record. I called in on June 18 requesting them to block my account. I requested for a printout copy of the statements and I saw how my money was being transferred on a daily basis to different accounts.

“They transferred the money after I had blocked the account, I think the so-called Ismail Bello removed the N50 intentionally to see maybe I would visit the bank. Maybe because he didn’t see me, he and others thought something bad had happened to me and stole my money.”

Reacting to the theft, Polaris Bank management vowed to an immediate investigation into the issues.

 

Mouka Launches Ground-breaking Innovation, Eco-Comfy Fibre Mattress

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Mouka Launches Ground-breaking Innovation, Eco-Comfy Fibre Mattress

Mouka, Nigeria’s leading manufacturer of mattresses, pillows and other bedding products has once again reinforced its position as the innovation trailblazer in the bedding industry. Mouka has recently announced the launch of its eco-friendly mattress called Eco-Comfy.

Mouka’s Eco-Comfy mattress is made up of 100 percent recyclable polyester fibre which promotes airflow around the body, keeping the consumer cool and comfortable through the night.

Commenting on its latest innovation, Mouka’s head of marketing, Tolu Olanipekun pointed out that the cutting-edge product is very affordable yet certified as supportive and durable.

Mouka
Mouka Eco-Comfy Fibre Mattress | Brand Spur Nigeria

“In addition, Eco-Comfy is eco-friendly as it is made of 100% recyclable polyester fibre, which means an old mattress can be converted into other valuable products rather than ending up in a landfill, thereby causing pollution of the environment,” Tolu stated.

According to the company’s Chief Executive Officer, Mr Raymond Murphy, this innovation is a further demonstration of Mouka’s commitment to promoting a sustainable environment. According to him, Mouka is continuously looking for ways to promote a safer environment by cutting down waste in its operations which has resulted in numerous awards to date.

The Chief Commercial Officer of the company, Mr Dimeji Osingunwa said Mouka continues to add comfort to the lives of all categories of consumers. According to him, the Eco-Comfy mattress is targeted at consumers who want to enjoy quality sleep at a very pocket-friendly price. He encouraged institutions such as schools and camps that desire a low cost yet durable mattress to purchase the new Mouka Eco-Comfy.

In addition to the Eco-Comfy, the market leader in the industry it operates has quality brands such as the Wellbeing orthopaedic mattresses, Royal luxury pillow top mattress, Mondeo Plus Spring mattress, and a wide range of pillows to help all Nigerians sleep well and wake up refreshed.

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