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Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each - Webmasters (5) - Nairaland

Nairaland Forum / Science/Technology / Webmasters / Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each (42792 Views)

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Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Newlevel(m): 7:14pm On Jul 21, 2018
I thought domain name flipping has been banned?
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by justphillips(m): 7:18pm On Jul 21, 2018
gabazin080:
Last night I had a dream of me having sex with the girl next door,I just came across her now and she acts as if nothing happened

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by dihhowner(m): 7:23pm On Jul 21, 2018
He's smart... Remember it is going to be privatized.....So the government would not be bothered.... Private investors will buy
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by lyricalz: 7:25pm On Jul 21, 2018
foolish guy, government will use a .gov domain name, there are other domain name they can as well use.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by ikorodureporta: 8:25pm On Jul 21, 2018
cheesy
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by fotadmowmend(m): 8:44pm On Jul 21, 2018
Smart move..... But too smart to work.... He should have waited and acquire more domin names and wait for them to contact him first. nigerianair.com.ng is a very good option for example
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by fotadmowmend(m): 8:45pm On Jul 21, 2018
lyricalz:
foolish guy, government will use a .gov domain name, there are other domain name they can as well use.
.gov can't be used...... It isn't a government parastatal but a public corporation
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by ChukwuDavid120: 11:48pm On Jul 21, 2018
with the domain names you guys have dropped here so far, they need not struggle with the dude. They could just log on to nairaland and scout for domain names. For the young man, that was a sharp and smart move, but he should be careful not to be prosecuted for cyber squatting. In fact they should contact me for more professional and enticing domain name.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by pinkyruledworld(m): 11:51pm On Jul 21, 2018
once nigeriaair is trademarked by the government, he has no choice than to drop it or else dem fit sue am
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by LessNoise: 12:35am On Jul 22, 2018
KingMicky3286:


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?

You need to read the act bro then you’d understand my comment.... it’s gonna be tough to get back but it’s easy to prove once they table the cac registration and some other important docs to nira
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by styles2009: 1:27am On Jul 22, 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.
Sorry you know nothing about trademark �
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by dochenaj: 1:53am On Jul 22, 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.
All he needs to do now, is transfer the domains to a foreigner and non of that poo will apply to the person.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by piagetskinner(m): 1:59am On Jul 22, 2018
he is criminally smart...

arrest him anyways
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Hotfreeze: 2:33am On Jul 22, 2018
dochenaj:

All he needs to do now, is transfer the domains to a foreigner and non of that poo will apply to the person.

Lol. You're funny.
So long as it's that .com.ng or .ng domain, it's under NIRA and they would still collect it.

NIRA is the watchdog for Nigerian denominated domains.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Egein(m): 7:22am On Jul 22, 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.

Does this .gov you listed make sense to you?
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by jamih: 8:05am On Jul 22, 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.

Potential customers would be skeptical about releasing their credit card information to a site that is position with the domain 9ja or naija. they can use the terms for sometimes but later on they would want to acquire the AirNigeria domain.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Michealjohn62: 2:53pm On Jul 22, 2018
T-Take
R-Risk
A-And
P-Prosper

This guy either gets his way or get trapped
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Nelson247: 6:30pm On Jul 22, 2018
snadguy007:
When the government is ready, he'll lose those names unless the government isnt interested which might not be the case. He does not and cannot own the "Nigeria Air" trademark which is basically a sovereign entity.
You cannot just register "cocacola.whatever" just because you found the domain (you might get sued)

May be you know little about it, as long as he has bought it there is nothing they can do than to negotiate with him.
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by snadguy007(m): 7:43pm On Jul 22, 2018
Nelson247:


May be you know little about it, as long as he has bought it there is nothing they can do than to negotiate with him.
Negotiation is out of the question. The guy should just surrender it willingly or be prepared to face a lawsuit in which case he might end up in jail for cyber-squatting.

1 Like

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Silvermoney: 7:51pm On Jul 22, 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.

I think this law is retrogressive and anti capitalism. This shouldn't be the case
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Hotfreeze: 9:32pm On Jul 22, 2018
Nelson247:


May be you know little about it, as long as he has bought it there is nothing they can do than to negotiate with him.

You're very wrong
Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Hotfreeze: 9:36pm On Jul 22, 2018
Silvermoney:


I think this law is retrogressive and anti capitalism. This shouldn't be the case

The law wasn't even targeting scenarios like this, it was passed to deal with fraudsters that clone websites with the intention of defrauding people.

However, the law also deals with opportunistic Longthroats trying to benefit from the reputational brand name of others.

1 Like

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by LaudableXX: 11:56pm On Jul 22, 2018
Hotfreeze:
The law wasn't even targeting scenarios like this, it was passed to deal with fraudsters that clone websites with the intention of defrauding people.

However, the law also deals with opportunistic Longthroats trying to benefit from the reputational brand name of others.
Oh lawd....Nigerians will never cease to amaze me. cheesy Which one is "opportunistic Longthroat," again? grin

Re: Olumayowa Elegbede Buys Nigeria Air Domain Names, Selling At ₦24 Million Each by Omokowa(m): 5:50am On Jul 25, 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.

Betnaija grin grin grin

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