NewStats: 3,263,794 , 8,181,431 topics. Date: Saturday, 07 June 2025 at 11:39 PM 3d3r3s

Nigeria's escrow company, EscrowLock has won a $100 million global business grant from the world's largest social media company, Facebook Incorporated.

The local escrow platform based in Anambra State is a 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 the agreed condition.

The middleman service helps to protect both buyers and sellers from online fraud, thereby boosting eCommerce activities and helping more people earn a decent livelihood.

According to the Director of EscrowLock, Elochukwu Eze, the information was contained in a statement issued by Facebook and made available to EscrowLock's office in Agbiligba Nanka, Anambra State.

He also said escrowlock Marketplace engages over 1,000 Nigerians as s.

A Senior Executive of the firm, Mr Deji Akinbode, revealed that the firm will by next month begin to accept applications from Nigerians who are interested in working as online s for its marketplace.

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.

https://allafrica.com/stories/202105180381.html

Very young guy

Oluwa don pick him call

Happy for you guys. This a testimony that you can be successful doing legitimate things. More grace. Say no to Yahoo Yahoo! Say no to fraud!

More success brother.

Nice one.

But I think the Nigeria media need some schooling in their reporting.

The $100m Facebook grant will be shared among multiple business and infact there are over 30,000 business or so that can qualify when Facebook announced the grant last year.

So these EscrowLock guys will get the cash & ad grant not even up to $10k at maximum but this report made it look like it’s $100m for a single company.

Imagine giving $100m each to 30,000 small businesses, how much is even Zuckerberg worth to start with?

In the USA here I think the grant is $4000 for small businesses ($2500 in cash and $1500 in optional ad credits). I don’t know the actual amount for Africa.

Tech is replacing oil in the south.

Na so dem dey win $100 milliion

This one is loud.......

CBN right now...

Nice

Misleading headline as usual!

Congratulations.

Good one for naija

Nice one, congratulations.

International institution/corporation keeps giving Nigeria start ups grants and money more than what our useless Government could ever give.


All they know is how to loot money and live extra vacant life.

....... congrats to him......... things like this should be encouraged

Congrats to them. If they can partner their escrow startup with sites like j1j1, Facebook market and even work with online vendors, they will make a killing.

AmericanQuarter:


https://allafrica.com/stories/202105180381.html

Igbo AMAKA

Good fellows.

Fascinating

I hope they will not come out tomorrow and tell us that the winner is a scammer like Leviticus obi and the other one from ebonyi. Nigeria youths are shameless and only good at scam

Good news for a change in a long while

Amazing

Mad o �

Does it have an app? If so please let them drop the link so that we that are doing business can tap in and protect ourselves it's very stressful working with unofficial escrows

What a great news to hear today. Let my break through come tomorrow. Amen

That's huge mehn..

Kudos peeps

Please any Nairalander with Freepik should help me out, I want to a file, you can and send it to me.. I'm not asking for access. I'll compensate for your data... It's urgent please.

Kindly quote me, thanks.

Splendid

LegendHero:
Nice one.

But I think the Nigeria media need some schooling in their reporting.

The $100m Facebook grant will be shared among multiple business and infact there are over 30,000 business or so that can qualify when Facebook announced the grant last year.

So these EscrowLock guys will get the cash & ad grant not even up to $10k at maximum but this report make it look like it’s $100m for a single company.

Imagine giving $100m each to 30,000 small businesses, how much is even Zuckerberg worth to start with?

In the USA here I think the grant is $4000 for small businesses ($2500 in cash and $1500 in optional ad credits). I don’t know the actual amount for Africa.

Me I was even shocked like bubu when I see 100 million dollars

Na publicity strategy, Nigerians respect when dy hear big money. Congratulations to them

LegendHero:
Nice one.

But I think the Nigeria media need some schooling in their reporting.

The $100m Facebook grant will be shared among multiple business and infact there are over 30,000 business or so that can qualify when Facebook announced the grant last year.

So these EscrowLock guys will get the cash & ad grant not even up to $10k at maximum but this report make it look like it’s $100m for a single company.

Imagine giving $100m each to 30,000 small businesses, how much is even Zuckerberg worth to start with?

In the USA here I think the grant is $4000 for small businesses ($2500 in cash and $1500 in optional ad credits). I don’t know the actual amount for Africa.