ARTSPLIT, the trail-blazing art tech platform, successfully held its first online “Lease Auction” from Monday, the 18th of April, culminating on Friday the 22nd of April 2022, just two weeks after its live debut on the 8th of April 2022.
The first of its kind auction was well received by its diverse community of collectors, with the 6-months lease of two artworks by iconic African artists with their works going for $1,185.19 and $1,128.75, respectively.
The ARTSPLIT app allows its users to own fractions, also known as “Splits,” of prominent African artworks and keep or trade them on the app if they win in the “Split Auction.”
These Splits enable multiple individuals to co-own a single iconic piece of art, which is not possible on any other art platform.
ARTSPLIT also allows users to participate in a ‘Lease Auction’ on the app to win physical custody of these split artworks for a set period.
The two artworks that were auctioned were “Untitled” (2014) by Abdoulaye ‘Aboudia’ Diarrassouba, an Ivorian contemporary artist, and “A Still Life of Fruit with A Spanish City Beyond” (1962) by the late prominent South African artist, Irma Stern.
Both works had been up for auction from Monday, the 18th of April and were due to close by midnight Friday, April 22, 2022.
A flurry of late bids by enthusiastic users looking to outbid each other ensured an exciting finish to a competitive auction! For the excited winners, they will have the works delivered to them for the duration of the lease period.
Aboudia chronicles the street scene in his city of Abidjan. In his vibrant, large-scale mixed-media paintings and drawings, inspired from the aesthetics of graffiti and traditional African carvings.
For Irma Stern, one of South Africa’s most outstanding artists. Africa was her “Paradise,” which inspired her artistic creativity.
The success of the lease auction is another inspiring milestone for ARTSPLIT. It demonstrates the importance of democratizing ownership of prestigious African artworks, with ARTSPLIT granting this access to a global community of art lovers.
Another significance of the success of the auctions is proof of the impressive acceptance and adoption ARTSPLIT has garnered from the art community across regions and nationalities, driving the integration of African art into the global art landscape.
Hannatu Ageni-Yusuf, ARTSPLIT’s Global Head of Marketing and Communications, stated, “It has been over a week since we began our soft launch, and the reception has exceeded our expectations.” We are currently gathering feedback from our early users to improve the app’s offerings. Collectors have so far been captivated by the catalogue feature, which allows major collectors to create a digital catalogue of their collection with a planned AI feature that will provide an indicative valuation of these works based on trade data.”
NDLEA Recovers N8bn Tramadol In Lagos
The National Drug Law Enforcement Agency has busted a mansion in the Lekki area of Lagos State where Tramadol was stored.
NDLEA Spokesman, Femi Babafemi, in a statement on Monday, said the pills recovered from the mansion were no less than 13,451,466 and worth N8.8bn in street value.
He said the mansion belonged to a billionaire drug baron, *Ugochukwu* *Nsofor* *Chukwukadibia* , who was now in custody.
The statement read in part, “The arrest of Ugochukwu, who is the Chairman of Autonation Motors Ltd, is coming barely two months after NDLEA uncovered at least 258.7kg of crystal methamphetamine in a clandestine laboratory in the residence of another drug kingpin in the estate, Chris Emeka Nzewi, who was arrested alongside a chemist, Sunday Ukah, who cooked the illicit drug for him, on September 30.
Following credible intelligence, NDLEA operatives on Friday 30th September stormed the Plot A45 Road 2 home of the 52-year-old billionaire drug kingpin. A search of the expansive mansion led to the discovery of 443 cartons of Tramadol Hydrochloride 225mg, which contains 13, 451, 466 pills of the drug while some cartons were already burnt in a fire incident in the house same day
“Before his arrest, Ugochukwu who hails from Ihiala local government area of Anambra state has been on the Agency’s watchlist as one of those behind the Tramadol drug cartel in Nigeria.
“Preliminary investigation shows that he has about six mansions within the VGC, one of which he uses to warehouse the Tramadol consignment, while he lives in the one at Plot Z-130 Road 67 and another as his office.
“Five exotic vehicles have also been located in two of his mansions, out of which two SUVs including a bullet proof jeep have been successfully removed to the Agency’s facility.
“Reacting to the latest drug haul, Chairman/Chief Executive of NDLEA, Brig. Gen. Mohamed Buba Marwa (retd.) commended the officers and men involved in the operation for their diligence while also appreciating Nigerians for supporting the Agency in its arduous task of ridding the country of the menace of drug abuse and illicit drug trafficking.
Dangote Cement Allegedly ForgedTax Receipt To Deceive Kogi Getovernment
The Kogi State Government through its agency Internal Revenue Service (KGIRS) has accused Dangote Cement Plc Obajana of forging its tax receipt.
The acting Chairman of KGIRS, Salisu Enehe, disclosed this during the ongoing investigative hearing by the State House of Assembly ad hoc Committee on revenue at the Assembly Complex in Lokoja.
Enehe was responding to the claim by the committee that the company had paid over 14 billion tax to the Agency between 2016 till date.
According to the state revenue boss, most of the figures the company claimed to have paid are totally incorrect, urging the company to check its record.
He said despite the billions of naira that company is making from the state monthly, it has failed to pay taxes that are due the state and Lokoja Local Government Area.
Enehe said instead of doing the needful, the Dangote company approached the court to stale payment of taxes that are legally passed by the state assembly and assented to by the governor.
He noted that the lack of tax payment has slowed down the development of the state.
Also speaking, the Commissioner of Commerce and Industry, Gabriel Olofu, said Dangote company has refused to pay for business premises in the last two years.
Olusegun Ogunbanjo, the Head of Accounts of the Company told the committee that the company had paid N14billion tax from 2016 till date.
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