Maduako Igbokwe l Tuesday, May 18, 2021
ONITSHA, Anambra – Nigeria’s Escrow Company , EscrowLock has won $100m global business grant from the World’s largest social media company, Facebook Inc. EscrowLock is Nigeria’s escrow platform based in Anambra state which serves as the trusted third-party that receives and “locks” transaction payments from buyers and only releases payment to the intended seller when the seller has delivered the necessary goods or services in agreed condition.
It is a middleman service that helps to protect both buyers and sellers from online fraud, thereby boosting e-Commerce activities and helping more people earn decent livelihood.
According to the Director of EscrowLock, Elochukwu Eze, the information was contained in a statement issued by the Facebook and made available to EscrowLock’s office in Agbiligba Nanka, Anambra State.
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Eze who spoke to users of EscrowLock and members of the public about the activities and the plans ahead expressed gratitude to Facebook for the grant .
In his words, “We did like to use this avenue to express our deepest appreciation to Facebook for the support. The grant is being used to strengthen our systems in order to provide enhanced service to Nigerians ”.
, “If you are someone who wants to buy something online but aren’t so sure of the seller’s integrity, you should use EscrowLock when paying the seller. Your money will be returned to you if the seller does anything shady.
With escrowLock,you have completely avoided a situation where a seller runs away with your money because the seller doesn’t have access to the payment until he delivers the exact goods or services agreed with you.
EscrowLock is a safe way for buyers to make payments to sellers found on Facebook, Instagram, WhatsApp, Jiji.ng, and other online and offline platforms.” According to him escrowLock Marketplace engage over One thousand Nigerians as Affiliates
Speaking also a Senior Executive in EscrowLock Mr. Deji Akinbode , revealed that EscrowLock will by next month begin to accept applications from Nigerians who are interested in working as online affiliates for company marketplace. According to him, the affiliates will earn daily commission by promoting goods and services listed by the sellers.
“It is going to be a win-win situation for both our sellers and the affiliates. As an affiliate, you can browse through the products listed by sellers on the Marketplace, find the ones that interest you and share them to the audience on your social media accounts using your unique link.
“So, for each product that is sold through your publicity effort, you get a commission already set by the seller. Now as a seller, if you are lucky to be accepted into the Marketplace, imagine how powerful it is when you have up to one thousand active people marketing your products” Deji stated .
He said escrowLock’s Smart Entrepreneurs Challenge (SEC) is to Support Online Entrepreneurs . Deji also disclosed that escrowLock has concluded plans to launch its Smart Entrepreneurs Challenge (SEC) .
Also ,EsrowLock’s Strategy Lead, Ms Sandra Iheanaetu, said the company would soon provide micro grants and visibility to small businesses run by online individuals across the 36 states of Nigeria and the FCT. The Challenge is designed to hold, at least, every quarter of the year.
