Gold plated iPhone 7 with Trump’s face sells for 74 million Naira

With Christmas less than 48 hours away, the super rich are seeking gifts for their loved ones, and one of the top gifts in the UAE is an iPhone 7 encased in solid gold, encrusted with diamonds and bearing the face of Donald Trump, the US president elect.

According to CNNMoney, the phone is priced around $151,000, which translates to N74.7 million at N495/$ or N46 million at the official rate of  N305 per dollar.

An iPhone 7 in Nigeria is less than N400,000.

The gift is said to be just one example of the mind-blowing bling sold by Goldgenie, a store in the United Arab Emirates where the super rich do their shopping.

“There are very wealthy, high-net-worth individuals all over the world and sometimes its very difficult to buy gifts for them because they have everything,” said Frank Fernando, Goldgenie’s managing director.

All the opulent objects on sale at his store in Sharjah, a city near Dubai, are either solid gold, gold plated or diamond encrusted. But the idea for the golden Trump iPhone came from a customer only recently.

A Chinese woman walked into the store last month and requested that Goldgenie put together the glitzy device emblazoned with the president-elect’s features, Fernando told CNNMoney, declining to identify the woman by name.

He said he believes her family wants to give it to the US president-elect after his inauguration next month.

Since selling that first Trump iPhone, Goldgenie says it has received a further nine orders for gold-plated ones bearing his face.

Goldgenie started out in London back in 1989. The company’s business concept was simple: gold plate virtually any item its customers wanted.

Fernando says his staff members will even take their special gold-plating machine to wealthy individuals’ homes in order to cover their entire bathrooms in the precious metal.

“We have many visits from the royal families. They visit us in London and they don’t just buy one phone. They buy five, ten phones to give as gifts,” Fernando adds.

“We needed to come here to show ourselves to all the people in the Arab states.”

Domestic Servant, 24, Jailed 8 Months For Stealing Gold Worth N250, 000

An Ogudu Magistrates’ Court in Lagos on Wednesday sentenced a domestic servant, Sarah Akapa, to eight months imprisonment for stealing her employers gold neck chain and two earrings worth N250, 000.

Akapa of Ketu, a suburb of Lagos State, pleaded guilty to the charge of stealing.
Delivering her judgment, the Magistrate, Mrs O. S. Amzat, advised the convict to turn a new leaf while in prison after sentencing her to eight months imprisonment with no option of fine.

Earlier, the Prosecutor, Sgt. Ihiehie Lucky, told the court that the offence was committed on Oct. 31 at the complainant’s house.
Ihiehie said the complainant reported the incident at Ketu Police Station in the early hours of Nov. 6.

“The complainant, a trader, said that on Oct. 31 her house help stole her gold neck chain valued at N100, 000 and two gold earrings valued at N150, 000.

“When she was questioned, she confessed that she had given the items to her ex- boyfriend who came down from Ajah to collect them from her.
The offence committed contravened section 285 of the Criminal Law of Lagos State, 2011.

Credit: NAN

Dope: Nigeria Profits As Russia Loses Beijing Relay Gold

Russia was stripped of a relay gold medal from the 2008 Beijing Olympics on Tuesday night, after one of its female runners tested positive for steroids in a reanalysis of her doping samples.

Sprinter Yulia Chermoshanskaya tested positive for two drugs — stanozolol and turinabol — and has been retroactively disqualified and, along with her teammates, stripped of the gold medal in the women’s 4×100-meter relay, the International Olympic Committee (IOC) said.

Chermoshanskaya was also disqualified from the 200 meters, in which she finished eighth.
Belgium stands to be upgraded to the relay gold, with Nigeria moving up to silver and Brazil to bronze.

The IOC asked the IAAF to modify the results and consider any further sanctions against Chermoshanskaya, who is no longer competing.

The three other Russians runners in the relay final were Yulia Gushchina, Alexandra Fedoriva and Evgeniya Polyakova. Under IAAF rules, an entire relay team loses its medals if one of the runners tests positive.

The Belgian runners in line to get gold are Olivia Borlee, Hanna Marien, Elodie Ouedraogo and Kim Gevaert.

The United States did not make the relay final after dropping the baton in the heats. The Jamaican and British teams dropped the baton in the final.
The IOC said Chermoshanskaya claimed in a written statement that she had been injured ahead of the Beijing Games and had been receiving injections on medical advice. The IOC said she should have declared those medications at the time.

Turinabol and stanozolol are traditional steroids that go back decades. Canadian sprinter Ben Johnson tested positive for stanozolol at the 1988 Seoul Olympics, and he was stripped of the gold medal in the 100 meters.

Tuesday’s decision was another black eye for Russia. The country’s track and field team was banned from the Rio de Janeiro Olympics over allegations of state-sponsored doping. Investigations are continuing into wider systematic doping in Russia involving dozens of other summer and winter Olympic sports.

Using enhanced techniques, the IOC has retested more than 1,000 doping samples from the 2008 Beijing Games and 2012 London Olympics to catch those who evaded detection at the time. A total of 98 athletes have been caught.

Read More: ThisDayLive

A Diver Exploring An Old Shipwreck Under The Sea Finds Gold Artifacts Worth Over $1 Million

A Florida family has been rewarded for years of treasure hunting after finding gold artifacts worth $1 million or more from the wreckage of a 1715 Spanish fleet that sank in the Atlantic Ocean.
Eric Schmitt found the coins in 15 feet of water off Fort Pierce, approximately 130 miles north of Miami. The find included 51 gold coins of various denominations and 40 feet of ornate gold chain.
The gold chains are made of small, handcrafted, two-sided links of six-petaled olive blossoms. They were called money chains and are believed to have been used as a tax-free coinage.

Under federal and state law, Florida will take possession of up to 20% of the find for display in a state museum. The Schmitt family will keep the remainder.

Source: Sunnyskyz

Internet Data Is Not The Next Crude Oil! By Olawale Awe

Everywhere you turn these days, you hear this strange analogy;

“Data is the next crude oil”. Some even say, “Data is the next Gold “ 

Spoiler alert, data is not the next crude oil, or Gold or Unobtainium! Having tons of terabytes of data will not save a dying company or organization. Like everything big tech these days, there is a coordinated strategy to get businesses buying into this concept, even if it is not needed.

Don’t just take my word for it, lets do a little digging together. What is data? Why is it all of a sudden big? Data is facts and statistics collected together for reference or analysis. So big data is also big facts, big stats, big reference and/or big analysis. So what’s new? Why the fuss? Well, before social media and smart phones, we didn’t have much data to give. That’s all changed now. We now emit data doing the most basic of tasks! (It’s possible to generate data when we sneeze! Yeah, it’s possible! Your phone just needs to feel the vibration, analyses the sound, compares it to some database of ‘sneeze sound’ somewhere, confirms it’s a sneeze and store all the details about the sneeze!) We are now data machines. I am sure we would all cringe if we knew the amount of data we can or do generate. So lots of data and like crude oil companies are to just simply mine and refine this to hit the jackpot? Well not so fast. The gathering and storing of data is a tedious and painstaking job and although businesses need data in one form or another, it’s not the sole need of a business. Proponents of big data give various use cases of how it will drive your business and give you better insight but they fail to stress the fact that its implementation and execution requires very skilled sophistication. Companies like Facebook and Google have mastered the art of gathering and storing data in gigantic volumes and they have based their business model on selling products and services based on data. They have also invested heavily in technologies, software and personnel to constantly improve their processes.

One of the end products of data is reports and when refined further we get insights. Currently most companies that don’t use big data technologies generate enough reports and insights but still struggle to implement or take actions. Why? Reasons vary from firm to firm, but one factor common to most companies is the need to innovate and that has been interpreted to an investment in new technology. Using the financial services industry as an example, Banks are haemorrhaging fines for crimes to their clients and customers, but are also investing in big data technology so they can have more access to our wallet. Data gathering is about trust and/or benefits. Facebook and Google can directly gather data about us because they render a service to us while most Apple customer simply trust the company. Although banks indirectly have data about us, through credit agencies, there is a law that guides what they can do with it. Insurance firms are investing in big data, to gather pricing information that would be used in calculating a customer’s policy. Customers are now getting smarter and switching insurers every year.  Some insurers, Axa for example, have decided to be more open to their customers, instead of relying on complex pricing models. They hope to retain more customers by simply telling the truth. There is also a drive for smaller businesses. Lots of entrepreneurs want to target a niche and stick to it. We can’t place a value on personal service and until there is an algorithm or robot that can sense a prospective customer’s mood and manage business conversations better than humans, smaller businesses and openness will be the way for new and established businesses respectively.

So are you a business thinking of investing in big data? Well if you are not a team of data scientist consulting for some of the big tech firms, I will suggest you turn your focus to other problems. Embrace being open and social. Let your customers know where you are, where you want to go and how you want to get there. Show them the exact cost of your services and why you charge what you charge. Don’t try amassing data indirectly. Customers will give you the data you need if they see a benefit or if they trust you. And don’t analyze such data for profit, analyze it for service, use it to give a far better and superior product or service. Data is not the next crude oil. Think of it more like engine oil. You only need oil change after a few thousand miles, so get to work.

Views expressed are solely that of author and does not represent views of nor its associates

170 Gold Bars Found On North Korean Diplomat At Dhaka Airport

Kazi-Mohammad Ziauddin, Bangladesh Customs Officer, said on Friday in Dhaka that 27 kilograms of gold were allegedly seized from a North Korean diplomat at Hazrat Shahjalal International Airport in Dhaka

He said the airport officials found the 170 gold bars in the bags of Son Yang, First Secretary In Charge of Commercial and Economic Affairs at the North Korean embassy in Dhaka.

Ziauddin said Yang was intercepted late Thursday after customs officials received information that a consignment of gold was being smuggled through diplomatic baggage.

“Son denied he had gold in his possession and initially refused to allow his baggage to be searched,’’ he said.

He said the diplomat was not allowed to leave the airport and gave permission for a search more than 10 hours after landing.

Ziauddin said he was released because he has diplomatic immunity.

The custom officer said Ministry of Foreign Affairs was informed about the matter because Son was carrying more gold than the 200 grams allowed for duty-free per passenger. (dpa/NAN)