Abuja Lockdown: Resellers Earn 500% Profit as Ticket Prices Soar; Big Business Opportunity!

By | December 17, 2023

Abuja Lockdown: Resellers Make Huge Profits from Odumodu’s Show

Abuja, Nigeria – The whole city of Abuja was brought to a standstill as residents eagerly flocked to witness the highly anticipated performance of popular artist Odumodu. However, what was supposed to be a memorable night turned into a financial windfall for resellers who took advantage of the situation.

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Odumodu’s show, which was initially priced at a reasonable 6500 Naira online, saw resellers cashing in on the event by reselling tickets for as much as 40,000 to 50,000 Naira at the entrance. This amounted to a staggering 500% gain for these opportunistic individuals.

The phenomenon of reselling tickets at inflated prices, commonly known as “scalping,” has become a prevalent issue in the entertainment industry. While it is not uncommon for resellers to make a profit from high-demand events, the extent of the price hikes seen at Odumodu’s show has left many concert-goers outraged.

Kingsley Hector, a witness at the event, took to Twitter to express his astonishment at the situation. In his tweet, he highlighted how resellers were capitalizing on the event, referring to it as “big Kala na big business.” He even jokingly mentioned his intention to purchase tickets for future shows and resell them at the venue for a profit.

The exorbitant prices charged by these resellers not only put a strain on the pockets of fans but also raise questions about the fairness and accessibility of such events. Many argue that the primary purpose of organizing concerts is to provide entertainment and create memorable experiences for fans, rather than serving as a means for resellers to make exorbitant profits.

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The incident has sparked discussions about the need for stricter regulations and measures to prevent ticket scalping. While some countries have implemented laws to combat this issue, Nigeria still lacks comprehensive legislation to protect consumers from such practices.

In response to the outrage, concert organizers and authorities are now being urged to take action. It is crucial for event organizers to implement measures that limit the number of tickets an individual can purchase, as well as utilizing ticket verification systems to ensure authenticity and discourage scalpers.

Furthermore, promoting transparency in the ticketing process and making tickets available through reputable platforms can help combat scalping. By doing so, fans can have peace of mind, knowing that they are purchasing tickets at fair prices from authorized sources.

It is essential for the entertainment industry to prioritize the interests of fans and ensure that events remain affordable and accessible to everyone. Concerts should not be reduced to mere platforms for resellers to exploit eager fans. The need for regulation and consumer protection in the ticketing market cannot be overstated.

As the Abuja community recovers from the shock of the exorbitant ticket prices at Odumodu’s show, it is hoped that this incident will serve as a wake-up call for both event organizers and authorities. Concert-goers deserve fair treatment, and steps must be taken to prevent such incidents from recurring in the future..

Source

@drealhector said Abuja came out for @Odumodublvck_ , whole city was on lockdown for our own , regular ticket that was 6500 online ,resold as much as 40-50k at the entrance , 500% gain for the resellers, big Kala na big business . Next show I go pack tickets resell for venue

   

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