AlabaENUGU
Location Call : +234 80 5923 9955 alaba@livenplc.com

Management @ Alaba ENUGU

Unlike Public Markets that have too much government oversite and highly political leadership, the Alaba ENUGU International Market is designed to have a very effective management system that balances the interests and needs of Traders, Customers, Auxilliary Services and Government interactions.

The Market is Created by Markets and Malls Holdings, Directly Managed by Alaba ENUGU Market Management and has special features like a Market Council, Traders Association, Consumer Protection Board, etc., all designed to ensure effective management and maintenance of the stated standards..

Markets and Malls

Markets and Malls Holdings is the company promoting the development of Alaba ENUGU, it is a project of Vision 1960, a Subsidiary of LIVEN Capital and traded on the LIVEN Exchange. It is wholly new and indeginous corporation designed from inception to give markets and malls in Nigeria a wonderful face lift.

It is responsible for corporate development, financing and the vision of the market.

Alaba ENUGU

Alaba ENUGU a.k.a International Technology Market, ENUGU. It will be governed by a fully independent Board of Directors of 13 members that pulls representatives from Vision 1960, LIVEN Capital, Alusiuwa Global Financial Services, Sberbank, China NEXIM Bank, African Development Bank, The Market Association, Independent Consumer Representatives and elected traders.

It is responsible for the day to day management of the market's public assets.

Market Council

The Market Council is made of a representatives of the Board, Alaba ENUGU's Management, Traders Associations, Shippers and all other stakeholders in the market, allowing for a strong and inclusive platform for the development of the rules and regulations that guide the market and for the resolution of disputes that cannot be managed by direct management systems.

It is responsible for dealing with complex disputes and creating the rules of engagement for all.

Trader's Association

Each of the 5 Market Zones and 3 Auxiliary services will have independent management that will filter into a Central Management. The Market Zones are namely, Electronics, Electricals, Accessories and Components, Mobile and Computing and Equipments and Miscellaeous. The 3 Auxiliary services are Warehousing and Internal Logistics, Trucking and External Logistics and Passenger Transport Systems.

For the most part, the trader's associations regulate day to day trading.

Consumer Protection Board

The Consumer Protection Board is an in house commission, made up of traders and professionals and focused on independently managing customer complaints to forestall fraud, extortion, cheating and other selfish vices by traders that can tamper with the reputation of the market as a credible place for trading.

It;s focus is to ensure fair market value for the customer and mitigate undue losses.

Rules and Regulations

The market will be regulated by clearly spelt out rules and regulations that will be binding on all persons including the Market Management. For example, the utilities are a legal right of patrons and traders and must be maintained optimally. As another example, the idea of "ndi oso afia" (people who run around the market making deals), will have a clear standard, with registerations and rules of play, that make them a positive component of the market and manage the vices.

These are to be created by the earliest investors and modified in 3 year cycles

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Mission

To create a market for human beings where trading is a component of a good life and undue stress is alien.

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Markets and Malls

This is a project of Markets and Malls Holdings a Vision 1960 / LIVEN Capital Affiliate Company. Fully supported by King Ifeanyichiukwu Oruruo as a component of the citizen led redevelopment of Nigeria and Africa.

Location
Call +234 080 5923 9955
alaba@livenplc.com