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Afriq Arbitrage System (AAS) Boss Jesam Michael Bags NASRE Fintech CEO of the Year Award

Jesam Michael, the Chief Executive Officer of Afriq Arbitrage System (AAS), has been awarded the ‘Fintech CEO of the Year’ by the Nigerian Association of Social and Resourceful Editors, NASRE, while his company, AAS, picked the ‘Most Secure and Reliable Fintech Company of the Year 2023.’

Additionally, Jesam Michael was honoured as the patron of the association.

The awards presentation and decoration were held on Thursday, 25th of January, 2024, at the Lagos headquarters of the company with top members of the AAS community, traditional rulers, and veteran media practitioners in attendance.

The awards and decoration, according to the association’s president, President, Femi Oyewale , was in acknowledgment of Jesam Michael’s giant strides in financial technology, his efforts to support the Nigerian government in alleviating poverty, his innovations that are geared towards national development, among many others.

The association explained that Jesam Michael was selected after a meticulous study of his works, which put him in the position of an enigma that deserves to be honoured. Micheal was applauded by the association for reducing unemployment and driving federal government policies on financial inclusion.

‘’There are people who are innovating and making giant strides in a manner that makes Nigeria worthy of competing with other nations in the world, Jesam Micheal is unarguably one of them. We are here to honour a man who deserves to be honoured. He is defeating unemployment, and this is not about giving him honour alone, What we are doing today is to encourage him to continue what he is doing.’’

‘’Jesam Micheal is driving federal government policies on financial inclusion and all he needs is our encouragement so that in years to come, Nigeria will have individuals in this country that will be recognized worldwide playing their roles in different sectors.’’

‘’As an association, we fight what is bad and promote what is good. AAS has to be sustained, and we will always be behind you as you continue to put Nigeria on the map for good.’’

In his acceptance speech, Jesam Micheal appreciated the association for honouring him with their presence and awards. He expressed joy while underscoring the weight of the awards and decoration, making it known that they are the reasons he accepted to be part of the Nigerian association of online social and resourceful editors.

’’My happiness and joy goes to these awards, I am happy and glad this is coming at the right time. We never lobbied for it. We never ran for it, I have about 32 awards on the line, but I selected this due to the calibre of people that belong to this association.’’

‘’From the depth of my heart, I am happy for this award because it’s not just coming from a group of members that came up to talk but the caliber of people in the association are mind blowing. ‘’

He stated that his decision to build technology was borne out of the need to support the government instead of joining the crowd to fault them.

‘’You don’t fight the government, but you use tech to help the government. Most of them don’t know what to do, so if you know what to do to help them, build tech. You don’t call them names or fight them, build tech.’’

Speaking on how he has been able to scale through all these years, Jesam Micheal explained that his focus has kept him going and that despite the challenges; he remained resilient. He shared with well-wishers how he has been able to build AAS into a system that runs in milliseconds for the first time in history.

‘’I have seen gladiators who fought tooth and nail to bring me down, but I keep telling them my hands are clean, and there’s nothing that can be done to bring me down. When they say what I am doing won’t see the light of the day, I tell them to go to bed because when they wake, I will be far gone.’’

‘’I also want to say that whatsoever you are doing, you need to close your ear not to hear, eyes not to see, and mouth not to talk but before this, your mind is focused towards what you want to do.’’

‘’When I shared my dream, they said it wouldn’t work, but before they knew it, AAS was already built into a system that runs in milliseconds for the first time. Everything, including transactions and payments, is done in milliseconds. We had challenges, even internal challenges, and they thought we had crashed, but it worked.’’

Continuing, Jesam Micheal shared the several innovative techniques of Afriq Arbitrage System (AAS) and other revolutionary plans of the company, which are all geared towards national development.

‘’For the first time in the history of the world, a system called Token has been built and is currently going through testing. We went in and changed disadvantages to advantages. We have built one of the biggest e-commerce platforms whereby anywhere you are in the world, you can order any gadget in the Apple family and get it delivered to you. Very soon, you will be using our platform to recharge electricity here, You will soon be using our platform to recharge cards and many more. We have also come up with a digital solar powered estate whereby you can monitor your property wherever you are because it is 100% digital.’’

ABOUT Nigerian Association Of Social And Resourceful Editors (NASRE)

The Nigerian Association of Social and Resourceful Editors (NASRE) is a dynamic assembly of media professionals encompassing a diverse range of industries. Headquartered in Lagos, this burgeoning association comprises media entrepreneurs who are actively engaged in print, broadcast, and digital platforms. The association serves as a vibrant hub where professionals from various sectors converge, fostering collaboration and synergy among individuals dedicated to the evolution and advancement of media in Nigeria.

AAS CEO Jesam Michael Praise President Tinubu for Lifting Ban on Cryptocurrency… Advise Nigerians to Embrace AAS Token

Leading Fintech expert in Nigeria, Jesam Micheal has applauded the President Tinubu Led government for the official lifting of the ban by the CBN on Cryptocurrency in Nigeria and charged the Nigerians generally and the youths, in particular, to take advantage of this and buy into the Afriq Arbitrage System which is the leading global cryptocurrency platform in Nigeria.

Interestingly, Like a financial prophet, Jesam has been at the forefront of the push for the Nigerian government to embrace cryptocurrency which is the trending financial system in the world. While receiving an award presentation from the Nigeria Media Masters a week ago as the Fintech Expert Of the Year,, he said God’s kind of money and government paper kind of money is no longer in vogue but the people’s kind of money which is crypto is the most viable form of financial empowerment everyone should embrace now.

He reiterated this stance when the Presidency of NANS inducted him into the Hall of Fame and also awarded him the Icon of Hope. He charged the youths and the Nigerian government to embrace cryptocurrency which is the antidote to global economic inflation.

Interestingly, the Nigerian government listened to his voice as the Central Bank of Nigeria changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on crypto transactions.

This is according to a circular dated December 22, 2023, with reference number FPR/DIR/PUB/CIR/002/003, and signed by the apex bank’s Director, Financial Policy and Regulation Department, Haruna Mustafa.

The circular is titled ‘Circular to all Banks and other Financial Institutions Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers (VASPS).’

The apex bank stated that current trends globally have shown the need for crypto regulation.

It said, “The CBN, in February 2021 issued a circular restricting banks and other financial institutions from operating accounts for cryptocurrency service providers in view of the money laundering and terrorism financing (ML/TF) risks and vulnerabilities inherent in their operations as well as the absence of regulations and consumer protection measures.

“However, current trends globally have shown that there is a need to regulate the activities of virtual assets service providers (VASPs) which include cryptocurrencies and crypto assets. Following this development, the Financial Action Task Force (FATF) in 2018 also updated its Recommendation 15 to require VASPS to be regulated to prevent misuse of virtual assets for ML/TF/PF.

“Furthermore, Section 30 of the Money Laundering (Prevention and Prohibition) Act, 2022 recognizes VASPs as part of the definition of a financial institution.

“In addition, the Securities and Exchange Commission in May 2022 issued Rules on Issuance, Offering and Custody of Digital Assets and VASPs to provide a regulatory framework for their operations in Nigeria.

“Given the preceding, the CBN hereby issues this guideline to guide to financial institutions under its regulatory purview in respect of their banking relationship with VASPs in Nigeria. “

The apex bank noted that this new guideline supersedes its old ones referenced FPR/DIR/GEN/CIR/06/010 of January 12, 2017, and BSD/DIR/PUB/LAB/014/001 of February 5, 2021 on the subject.

It also affirmed that banks and other financial institutions are still prohibited from holding, trading and/or transacting in virtual currencies on their own account.

It added that all banks and other financial institutions must immediately comply with its new guidelines.

In its circular with reference number BSD/DIR/PUB/LAB/014/001, dated February 5, 2021, the apex bank reminded banks that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges was prohibited.

At the time, it asked banks to identify persons or entities transacting in or operating cryptocurrency exchanges within their systems and ensure that their accounts were closed.

It would be recalled that in Nigeria’s financial landscape, a transformative force is quietly reshaping the investment horizon. Afriq Arbitrage System (AAS) led by the visionary CEO Jesam Michael, a beacon of innovation in the country’s investment space, wielding tokenized digital currency with profound impact.

Michael’s vision for AAS speaks to a modernized approach to investments. “Our platform embodies the marriage of technology and finance, offering an accessible avenue for a broader spectrum of individuals to participate in the crypto investment market,” shares Jesam Michael. “The utilization of smart contracts and blockchain technology empowers our users to engage in a decentralized and secure ecosystem that transcends boundaries.”

Underpinning AAS’s prowess is its automated and sophisticated trading system, incorporating advanced AI algorithms. “Our system,” Michael explains, “is designed to navigate the complex landscape of crypto exchanges globally, seamlessly executing trades with precision and efficiency. The deployment of high-frequency trading algorithms ensures optimal execution, minimizing risks and maximizing potential gains for our users.”

Furthermore, the platform’s low entry threshold underscores its commitment to inclusivity. “With a starting point as low as $20,” says Michael, “AAS positions itself as a welcoming space for novices and seasoned investors alike. Our aim is to democratize the investment space, making sophisticated digital currency trading accessible to a broader demographic.”

The impact of AAS extends far beyond Nigeria’s borders. Its global presence, spanning over 200 countries, underscores a commitment to facilitating international trade and investments. Michael envisions a future where AAS evolves into a significant global player. “We’re laying the groundwork for an autonomous token and blockchain,” he notes. “This strategic move will not only redefine the landscape in Nigeria but also make our mark on the global stage.

“The prelaunch of the AAS Token is scheduled to commence between late November and early December 2023. This prelaunch phase offers an exclusive opportunity for early adopters and investors to acquire the AAS Token at a discounted rate, ensuring a strategic advantage in the evolving digital currency landscape,” Michael elucidated.

AAS’s innovative blend of technology and finance signals a paradigm shift in investment landscapes. The platform’s focus on blockchain technology and tokenized digital currency represents a secure and potentially lucrative avenue for investors, navigating a space rife with volatility and uncertainty.

The evolving investment narrative in Nigeria finds its mettle in the rise of tokenized digital currency, pioneered by AAS and guided by Jesam Michael’s forward-thinking strategies. As the platform continues to grow and expand, it represents a compelling vision for the future of investments in Nigeria and globally.