The
Chief Executive Officer of Citybet
Nigeria Limited, Dr. Iboro Titus James, has declared that Citybet is a platform which rewards the sporting passion of
Nigerians with unrivalled packages like high cumulative points for matches,
high bonuses, prompt payment of winnings, yuletide promos, gifts items etc.
Speaking
with newsmen at the corporate head office of the company in Eket, Dr. James
noted that in spite of the challenges encountered in the running of the
business, Citybet has grown to become
a household brand in Nigeria.
He
said, “Operating this kind of business in Nigeria is challenging because business
requires electrical power. In Nigeria, you know that public power supply is
very unreliable. So, we set aside huge funds on daily basis to provide
alternative power supply with generators. Citybet
shops spend up to N 19,000 per month on running generators. Here at the head
office, we spend more.”
He
enumerated other challenges faced to include insincerity of agents as per
remitting monies accrued to the company as well as other logistics like high
cost of renting shops, computers and printing papers.
The
Citybet CEO however called on
government to formulate policies that will help entrepreneurs reap dividends of
their investments, highlighting that sports betting companies have helped
government in minimizing unemployment and crime.
His
explanation: “We pay salaries to our employees thus helping government to fight
unemployment. Sports betting has also helped in reducing crime because the
youths, instead of commiting heinous acts because of hardship and lack of jobs,
resort to walking up to a betting shop to forecast matches and placing bet with
as little as N 100.
“People
have been winning millions of Naira on Citybet
by staking just N100. Infact, just yesterday, two guys won a million Naira each
with as little as N 100 and N 200 respectively. Here are the tickets. We enrich
our clients because they are the reason why we exist.
On
the yuletide promo which is ongoing at Citybet,
Dr. James said thus: “We have decided to give out 19 inches Television Set to
persons who predict 3 set of draws during this period. The criteria for
selection of winner is that the winner must have been to first person to bet on
that particular set of games.”
“As
a journalist, you can do the checks. Citybet
has arguably the highest cumulative points and bonuses in the betting market.
We treat our clients as kings. We pay them promptly. In fact, we don’t refer to
monies won as ‘winnings’; we call it ‘rights.’ We don’t toy with customers
rights”, he concluded.
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