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Elumelu: “We give to empower and break the cycle of dependency. Entrepreneurship is the only path to independence and sustainability.”

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President Koroma of Sierra Leone, President Obasanjo of Nigeria, Governor Ikpeazu, Minister Lai Mohammed, Mrs Folorunsho Alakija, Join 1,000 African Entrepreneurs At 2016 Tony Elumelu Foundation Entrepreneurship Forum.

•         Foundation Announces Partnerships with African Development Bank, ECOWAS, Coca-Cola, Nigerian Ministry of Information.

 

 

At the largest annual gathering of African entrepreneurs, held in Lagos, Nigeria, the Tony Elumelu Foundation (TEF) hosted almost 1,000 women and men from 54 African countries, for the 2nd TEF Entrepreneurship Forum.

 

 

 

The Forum celebrates the 2016 cohort of Elumelu Entrepreneurs, selected from over 45,000 applicants. It is the annual highlight of the Tony Elumelu Entrepreneurship Programme and saw the presence of leading policy makers and business leaders from across Africa, giving their support to the Foundation and its promise to identify, train, mentor and seed 1,000 entrepreneurs in a decade-long $100 million commitment. Following the Forum, each entrepreneur is eligible to receive up to $10,000 to implement their business plan.

EEF 2016

(L-R): Former Prime Minister of Benin Republic Lionel Zinsou; President Olusegun Obasanjo, Former President of Nigeria; His Excellency Ernest Bai Koroma, President of Sierra Leone; Mr. Tony Elumelu CON, Founder of Tony Elumelu Foundation; Mrs. Awele Elumelu, CEO Avon Medical; Mrs. Folorunsho Alakija, Vice Chair of Famfa Oil; and Alhaji Lai Mohammed, Honourable Minister of Information, Tourism and Culture.

 

 

Applauding Tony Elumelu’s promise to not only empower entrepreneurs, but also to tackle the fundamental economic challenges confronting the African continent, His Excellency Ernest Bai Koroma, President of Sierra Leone called on others to emulate Elumelu. “Even when we had Ebola in Sierra Leone, Tony was there. His is an example which other successful Africans must follow.”

 

 

 

Focusing on the uniqueness of TEF’s approach to entrepreneurship development, President Koroma hailed the programme as “a genuinely innovative approach to philanthropy in Africa – an African offering African solutions.”

 

 

 

“What is unique about this programme is that it not only provides a platform for entrepreneurs to build connections, but they are also being taught how to build their businesses in a sustainable way. Other philanthropists will be inspired to support and promote this philosophy” the President concluded.

 

 

 

In his keynote speech, Mr. Elumelu stated “I salute those here, our ambition is that you become ambassadors for entrepreneurship in Africa – you are a generation of wealth creators, who share our commitment to the economic and social transformation of Africa. Let me tell you about Momarr Mass Taal, the CEO of Tropingo Foods, who has turned his first $5,000 seed capital received from the Foundation last year, into a $1.2 million revenue business. We all want many more of these! However, as excited as I am about the 2,000 entrepreneurs that we have selected, this gathering is in some ways bittersweet, as I reflect on the 63,000 ideas received in the Programme’s short two years of existence we were unable to select – our commitment is to all entrepreneurs in Africa.”

 

 

 

Mr Elumelu challenged all stakeholders from the public and private sectors, civil society, multilateral organizations and all individuals invested in Africa’s economic development to join hands with the Foundation to support the wider African entrepreneurial community.  “We need to support our entrepreneurs because extreme poverty and economic opportunity rarely coexist in the same place.”

 

 

 

He also announced partnerships with regional institutions the African Development Bank, ECOWAS, and others including Coca Cola, the International Trade Centre, Nigerian Ministry of Information, Culture and Tourism and Côte d’Ivoire Ministry of Entrepreneurship.

 

 

 

The two-day forum buzzed with energy as entrepreneurs shared and gained knowledge, built cross-border partnerships, and connected with investors and policymakers, fulfilling the goal of fostering innovation and collaboration between entrepreneurs from across Africa.

 

 

 

On Day One, attendees benefited from masterclasses on traditional and alternative means of financing, sales and marketing, as well as sector specific workshops and an in-depth session on Africapitalism –  Elumelu’s economic philosophy that identifies the leading role of Africa’s private sector, including its entrepreneurs, in Africa’s transformation.

 

In her opening remarks, Mrs. Awele Elumelu, CEO Avon Medical, Trustee of the Foundation and wife of Founder, Mr. Elumelu, welcomed the entrepreneurs to Lagos and commended their drive and effort in finding solutions to some of the continent’s most pervasive challenges. The CEO of the Foundation, Ms. Parminder Vir, invited entrepreneurs in the audience to continue to build the future and to challenge the flawed perceptions of Africa.

 

 

 

Day Two featured a high-level panel dedicated to identifying policies to strengthen the enabling environment for entrepreneurs, moderated by BBC anchor, Lerato Mbele, with panellists including His Excellency Ernest Bai Koroma, President of Sierra Leone, President Olusegun Obasanjo, Former President of Nigeria, Former Prime Minister of Benin RepublicLionel Zinsou, Alhaji Lai Mohammed, Honourable Minister of Information, Tourism and Culture and Mrs. Folorunsho Alakija, Vice Chair of Famfa Oil.

 

 

 

Opening the High-Level Panel, Mrs. Alakija congratulated the entrepreneurs, praised TEF’s focus on entrepreneurship and shared her own personal story of perseverance to demonstrate the entrepreneurs need for resilience and doggedness. Former President Olusegun Obasanjo hailed Elumelu’s perseverance and focus on giving back. “By every means, God has made His face shine upon you. You are not the only one, but unlike you, some others do not have the idea of empowering the next generation of Africans in the manner and scale that you are doing.” He further emphasized patience to the young entrepreneurs. In his words, “For strength in life you need a bit of adversity.” He also called on the Nigerian government to implement policies that encourage investors and entrepreneurs to do business in Nigeria. Former Prime Minister of Benin, Lionel Zinsou, commended the Tony Elumelu Foundation, stating “What Tony Elumelu is doing is the exception, not the norm.”

 

 

Other speakers at the event included Clare Akamanzi, Representative of President Kagame of Rwanda,  Kennedy Uzoka, Group CEO of the United Bank for Africa Plc (UBA), Minster of Solid Minerals, Hon. Kayode Fayemi, Segun Awolowo, CEO of the Nigerian Export Promotion Council, Clem Ugorji, Public Affairs & Communications Director, Coca-Cola West Africa, Emeke Iweriebor, Regional CEO of UBA Africa (Francophone), Matthew Pearson, Head of Africa Equity Sales at ICBC Standard Bank, Sam Nwanze, Chief Investment Officer at Heirs Holdings.

Details of the 2016 Elumelu Entrepreneurs can be found at http://tonyelumelufoundation.org/teep/ and TEF’s documentary “Tony Elumelu Entrepreneurs: Transforming Africa” at http://bit.ly/TEEPdocumentary.

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1.4 million UTME candidates scored below 200 – JAMB

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The Joint Admissions and Matriculation Board, on Monday, released the results of the 2024 Unified Tertiary Matriculation Examination, showing that 1,402,490 candidates out of 1,842,464 failed to score 200 out of 400 marks.

The number of candidates who failed to score half of the possible marks represents 78 per cent of the candidates whose results were released by JAMB.

Giving a breakdown of the results of the 1,842,464 candidates released, the board’s Registrar, Prof. Ishaq Oloyede, noted that, “8,401 candidates scored 300 and above; 77,070 scored 250 and above; 439,974 scored 200 and above while 1,402,490 scored below 200.”

On naming the top scorers for the 2024 UTME, Oloyede said, “It is common knowledge that the board has, at various times restated its unwillingness to publish the names of its best-performing candidates, as it considers its UTME as only a ranking examination on account of the other parameters that would constitute what would later be considered the minimum admissible score for candidates seeking admission to tertiary institutions.

“Similarly, because of the different variables adopted by respective institutions, it might be downright impossible to arrive at a single or all-encompassing set of parameters for generating a list of candidates with the highest admissible score as gaining admission remains the ultimate goal. Hence, it might be unrealistic or presumptive to say a particular candidate is the highest scorer given the fact that such a candidate may, in the final analysis, not even be admitted.

“However, owing to public demand and to avoid a repeat of the Mmesoma saga as well as provide a guide for those, who may want to award prizes to this set of high-performing candidates, the Board appeals to all concerned to always verify claims by candidates before offering such awards.”

Oloyede also noted that the results of 64,624 out of the 1,904,189, who sat the examination, were withheld by the board and would be subject to investigation.

He noted that though a total of 1,989,668 registered, a total of 80,810 candidates were absent.

“For the 2024 UTME, 1,989,668 candidates registered including those who registered at foreign centres. The Direct Entry registration is still ongoing.

“Out of a total of 1,989,668 registered candidates, 80,810 were absent. A total of 1,904,189 sat the UTME within the six days of the examination.

“The Board is today releasing the results of 1,842,464 candidates. 64,624 results are under investigation for verification, procedural investigation of candidates, Centre-based investigation and alleged examination misconduct.”

Oloyede also said the board, at the moment, conducts examination in nine foreign centres namely: Abidjan, Ivory Coast; Addis Ababa, Ethiopia; Buea, Cameroon; Cotonou, Republic of Benin; London, United Kingdom; Jeddah, Saudi Arabia; and Johannesburg, South Africa.

“The essence of this foreign component of the examination is to market our institutions to the outside world as well as ensuring that our universities reflect the universality of academic traditions, among others. The Board is, currently, fine-tuning arrangements for the conduct of the 2024 UTME in these foreign centres,” he said.

 

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Nigerian Pastor Slams N500Million Suit On Church Member Who Demanded Return Of His Lexus SUV After Alleged Failed Prophecy

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Dr. David Emmanuel Ovie, the Head Pastor and General Overseer of the God in Action Liberation Mission has slammed a five hundred million naira (N500 million) suit on one of his church members who demanded the return of his SUV from the church after an alleged failed prophecy.

We gathered the church member identified as Temitope Monday Diamond gave his Lexus RX330 to the church after a prophecy.

 

Temitope told SaharaReporters that the pastor of the church at Okuokoko in the Uvwie Local Government Area of Delta State asked him to sacrifice his most precious property so that things could work well for him financially.

 

He said, “This pastor told me to sacrifice my most precious property so that things will be working well for me financially which I did by sacrificing my vehicle, Lexus RX330.

 

“After four months and things had not picked up as he said, my wife called him to know what was happening but he got angry and told me that my wife was rude and that he wanted to refund the money he got when he sold the vehicle – which is N4 million.

 

“We have been waiting for him to send the money since around December and January but he had refused to do so. We called and texted him but no response, we had to go to the church with a few friends and two soldiers who were not armed, just to accompany us (for security purposes).

 

“He called the youths of the community to beat us up before handing us over to Ebrumede police station. When we got there, we were detained. We later got bailed with N200,000 before the Divisional Police Officer could hear from us. The DPO called us to his office and we narrated everything to him as the pastor lied to him that we were kidnappers.

 

“The DPO judged the case in our favour and demanded that the car be refunded or he should pay the N4 million he made from selling the car. He agreed that he would be paying one million naira every week in February so that by month’s end, he would finish paying the money.

 

“By the second week of March, he still hadn’t paid a penny. Then the IPO in charge of the case called to tell us that the lawyer was pleading on his behalf and that he would be paying one million naira every month end. Then I got angry and said if he (the pastor) wanted to stress me over the money, he should return my car for breaching the agreement we had at the DPO’s office.

 

“We later heard that he filed a suit against us at Orerokpe High Court. The court was to sit on Monday, April 15 but was adjourned to May 10.

 

“The lawsuit says he is suing us for N500 million for coming to his church with an army and that the car cannot be returned because it had been sold. And that we are using police from Asaba to threaten him and his members, which is false.”

 

However, in a court document obtained by SaharaReporters on Tuesday signed by one Ogedengbe, the Applicant (General Overseer) alleged that he was arrested and detained on January 21, which Temitope said was the same day he and his friends stormed the church to ask for the N4 million he had promised to send.

 

The respondents in the document are Temitope Monday Diamond as the 1st respondent; Divisional Police Officer, Ebrumede Police Station, Delta State as 2nd respondent and the Commissioner of Police in Delta State as 3rd respondent.

 

The relief sought by the applicant reads in part, “A declaration that the arrest and detention of the applicant on the 21st day of January, 2024 by officers of the 3rd Respondent attached to the office of the 2nd respondent at the behest of the 1st Respondent is a gross violation of the applicant right to personal liberty guaranteed under section 35 (1) of the constitution of the Federal Republic of Nigeria 1999 (as amended).

 

“A declaration that the threatened arrest of the applicant by officers of the 3rd respondent at the instance of the 1st respondent over demand for the return of a car donation made to the God in Action Liberation Mission is a threatened violation of the applicant’s right to personal liberty guaranteed by section 33(1) of the Constitution of the Federal Republic of Nigeria 1999 (as amended).

 

“The sum of five hundred million naira (N500, 000,000.00 only as damages.”

 

When contacted by SaharaReporters to hear his version of the story, the cleric said, “What I can tell you is that the matter is in court. I charged the matter to court because they came into the church with thugs and started fighting me and trying to harm me.

 

“It was during a live service in the middle of a wedding; that was when my members started fighting them.

 

“They came with weapons; knife and battle axe. One of them came with a gun as I was told. We handed them over to the community chairman while he took them to the police station.”

 

When asked whether he was arrested and detained by the police on January 21 as claimed in the court document, he said, “My lawyer asked me not to answer any further questions.”

 

“I don’t know what the constitution says, I only know the bible,” he added.

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Aare Abisoye Fagade Stands with Oyo State: Condemns Governor Seyi Makinde’s Assault on Democracy

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Today, with a heavy heart and a deep sense of duty to the people of Oyo State, Aare Abisoye Fagade, a staunch advocate for justice and a revered pillar of the All Progressives Congress (APC), raises his voice in resolute condemnation of the egregious assault on democracy orchestrated by Governor Seyi Makinde.

 

As the heartbeat of democracy in Nigeria, Oyo State has been dealt a grievous blow by Governor Makinde’s calculated campaign of electoral subterfuge. Withholding election materials across the state, Governor Makinde has callously deprived our beloved citizens of their fundamental right to participate in free and fair elections, a right that lies at the very core of our democratic ethos.

 

But this is not merely an attack on the mechanics of an election; it is an attack on the soul of Oyo State, on the hopes and aspirations of its people, and on the principles of justice and equality that we hold dear. Governor Makinde’s actions betray a callous disregard for the sanctity of the ballot box and a cynical determination to silence the voices of the people.

 

In this moment of trial, Aare Abisoye Fagade stands shoulder to shoulder with the resilient sons and daughters of Oyo State, united in our determination to defend our democratic heritage against those who would seek to defile it. He calls upon all patriots, regardless of political affiliation, to join him in condemning Governor Makinde’s assault on democracy and in demanding accountability for this shameful betrayal of trust.

 

Let us stand together as one, Oyo State, in defense of our democracy, in defense of our future, and in defense of the principles that bind us together as a people. For it is only by standing firm in the face of tyranny that we can ensure a brighter tomorrow for generations yet unborn.

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