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Abia: Court dismisses Ikpeazu’s application to reverse sack
Published
8 years agoon
The Federal High Court in Abuja, yesterday, dismissed as lacking in merit an application seeking to set aside the enrolled order of the judgment that sacked Governor Okezie Ikpeazu of Abia State from office. This came on a day presiding judge of the Federal High Court, Owerri, Justice A. I. Alagoa, fixed July 8 to deliver judgment on the tax forgery suit filed against Ikpeazu by a chieftain of Peoples Democratic Party, PDP, in Abia State, Mr. Friday Nwosu.
The court, in a ruling by Justice Okon Abang, maintained that all the orders contained in the judgment it delivered against Ikpeazu on June 27 subsist until they were set aside by the appellate court. Justice Abang gave the ruling on a day the embattled governor, through his team of four Senior Advocates of Nigeria, led by Chief Wole Olanipekun, SAN, applied for an order restraining the beneficiary of the verdict, Mr. Uche Ogah, and the Independent National Electoral Commission, INEC, from executing the judgment.
The judge had, in his judgment, ordered Ikpeazu to vacate his office, even as he directed INEC to immediately issue a fresh certificate of return to Ogah, who came second in the governorship primary election of the PDP. Although INEC had since issued certificate of return to Ogah, another court in Abia State had restrained the Chief Judge from swearing him in.
Ikpeazu wants order set aside Meantime, Ikpeazu, through his lawyers, yesterday, re-approached the high court, praying it to set aside its order dated June 27 that led to the issuance of certificate of return to Ogah. Olanipekun urged the court to take judicial notice that INEC issued certificate of return to Ogah on June 30, despite the fact that it was served with Ikpeazu’s notice of appeal and application for stay of execution at exactly 12:50 p.m on June 28.
He contended that INEC acted wrongly by going ahead to issue the certificate to Ogah, two days after it was served with the appeal processes. Olanipekun told the court that his client had filed “a comprehensive and elaborate notice of appeal,” and was “desirous of speedy and expeditious determination of the matter.” Ogah accuses Ikpeazu of resorting to self-help However, Ogah, who was represented by five SANs, led by Dr. Alex Iziyon, urged the court to refuse Ikpeazu’s prayer for stay of execution of the judgment.
Ogah told the court that Ikpeazu obtained a restraining order from another high court at Osisioma in Abia State that prevented him from being sworn in. He stressed that Ikpeazu got the restraining order from the high court in Abia when his motion for stay of execution was already pending before the court in Abuja. “Where a party has taken to self-help, your lordship should refuse to indulge them further,” he argued.
Responding, Olanipekun said it was Ogah and INEC that “deliberately and calculatively resorted to self-help in order to frustrate both the motion for stay of execution and the pending appeal.” He relied on Order 4 Rule 1(2) of the Judgment Enforcement Rules to argue that there should have been a timeline for enforcement of the June 27 verdict that removed his client. Olanipekun insisted that INEC “illegally tampered with the rest of the case” by issuing certificate of return to Ogah, despite the pending appeal against the judgment.
He also prayed the court to adjourn hearing on the motion for stay of execution until Thursday to enable him respond to a further affidavit filed by Ogah. On its part, INEC lawyer, Mr. Alhassan Umar, told the court that the commission had already issued certificate of return to Ogah as it was ordered to do, before it was served with Ikpeazu’s motion for stay. Umar said though the certificate was signed on June 28, it was, however, handed to Ogah two days later.
According to INEC lawyer, “My lord ordered the 3rd defendant to issue certificate of return forthwith and upon service of the order, my lord, on June 28, the 3rd defendant issued a certificate of return accordingly. “The certificate of return was issued before we were served with the motion on June 28. We had issued the certificate upon being served with the court order. But the actual presentation of the certificate was on June 30. But we had complied with the order of my lord. “We had no difficulty to issue the certificate because election matters are sui-generis. Where the law intends that an appeal should operate as a stay, it is expressly provided so.
In our view, this matter is not regulated by Section 143 of the Electoral Act.” My order sacking Ikpeazu stays —Judge In his ruling, Justice Abang refused to set aside the order containing the judgment against Ikpeazu, even as he adjourned hearing on the motion for stay of execution till Thursday. The judge said he would on that day also decide on an application by Ogah seeking to set aside the restraining order of the High Court in Abia State, as well as an application asking him to set aside the certificate of return INEC issued to Ogah. Justice Abang held that the enrolment order against Ikpeazu was properly signed and issued.
The judge said though section 294 of the constitution allowed the court to get the judgment ready within seven days, he said the registry ensured it was available in four days, owing to pressure from Ikpeazu. He said: “I had jurisdiction to sign the enrolment order as at the time I did so. The court cannot order a sitting governor to vacate his office just for fun.
We are here to settle dispute and I am not afraid to take decision. “Therefore, those going to the media to misinterpret the decision of the court when they have not even taken out time to study the 131-page judgment should take caution.” Judgment on tax forgery suit for July 8 Meanwhile, presiding judge of the Federal High Court, Owerri, Justice A. I. Alagoa, has fixed July 8, to deliver judgment on the tax forgery suit filed against Ikpeazu by Nwosu. Nwosu, who ran for the December 8, 2014, PDP governorship primaries in the state, had accused the governor of submitting a forged tax clearance certificate, praying the court to disqualify him.
Joined in the suit were the PDP, INEC, Ikpeazu and Ogah as 1st, 2nd, 3rd and 4th defendants, respectively. The parties adopted their written addresses. Counsel to Nwosu, F. Unyimadu, prayed the court to grant the prayers of his client by disqualifying Ikpeazu for submitting forged tax certificate and declare him governor. Unyimadu added that the governor was not qualified to run for the primary election.
He further argued that Ogah, who refused to sign the result and petitioned the PDP to conduct another primary election, had forfeited his right to benefit from the exercise. In their separate arguments, counsel to PDP, INEC, Ikpeazu and Ogah, Paul Ananaba (SAN), Jude Nnodum (SAN), Theo Nkire and O.J. Nnadi (SAN), respectively, said Nwosu’s suit lacked merit and urged the court to dismiss it. Earlier, the counsel had opposed an attempt by Ogah’s counsel to leverage on the judgment of the Federal High Court, Abuja, which declared him governor.
This was upheld by the judge, who ruled that he was not bound by the verdict of a court of the same hierarchy. In a related development, Nwosu has filed a notice of appeal on the judgment of the Federal High Court, Abuja, which declared Ogah as governor, praying the court to set it aside and declare him governor.
In a notice of appeal filed against Suit No. FHC/ABJ/CS/71/2016, between Sir Friday Nwanozie Nwosu (Appellant) and Sampson Uchechukwu Ogah, Peoples Democratic Party, Dr. Okezie Victor Ikpeazu, and the Independent National Electoral Commission, as Respondents, Nwosu listed nine grounds of appeal and particulars of error on the judgment delivered by Justice Okon Abang on October 27. While praying the Court of Appeal to set aside the judgment, Nwosu also sought five reliefs: “an order setting aside the declaration of first respondent, Uche Ogah, as the elected governor of Abia State as declared by the trial court. Others include: “an order that the first Respondent, Uche Ogah, is stopped from claiming any right or benefit from the second respondent’s (PDP) Gubernatorial Primary Election of 8/12/2014, in Abia State, having waived his right to do so; an order striking out the first respondent’s (Uche Ogah) suit on the ground that it constitutes an abuse of court process; an order that the suit of first respondent i.e. (Suit No. FHC/ABJ/CS/71/2016) is incompetent and the trial court lacks the jurisdiction to hear and determine the suit.” lNEC must reverse itself —
PDP chieftain Reacting to the development, Mr. Ben Onyechere, a PDP chieftain and former Special Assistant to Dr. Alex Ekwueme, said the rush by INEC to implement the judgment of a Federal High Court that annulled the election of Governor Okezie Ikpeazu of Abia State on the reason that it did not receive the notice of appeal from the governor’s lawyers was a clear indication of a well scripted conspiracy and attempt to disenfranchise the entire Abia electorate. According to him, the judgment is the worst embarrassment that has befallen the judiciary in recent times. He said: “The ruling by Justice Abang is a dangerous trend occurring in an area reputed for high volatility, especially with the presence of a pro-Biafran group whom the governor is labouring to assuage.
It is indeed curious and laughable to behold an INEC official with guilt written all over him on TV saying that they never received notice of appeal from Ikpeazu’s lawyer, only to admit receipt of appeal after perpetrating their plan. “The judge, who turned himself to prosecutor, investigator and adjudicator, refused to determine a simple fact of whether the governor was actually working for government which automatically means his taxes were deductible on monthly basis.
“However, the onus now rests on INEC officials, who have now admitted receipt of the appeal, to quickly reverse themselves without delay to avert the looming disaster in Abia.” Ikpeazu submitted tax certificate in error —Abia PDP Also reacting, Abia State chapter of the PDP, yesterday, said the tax certificate submitted to INEC by Ikpeazu was done in error, saying tax certificate was not one of the requirements to run for the office of governor.
The party also alleged that Ogah had very powerful forces backing him in the fight to sack Ikpeazu as governor of Abia State but did not name the powerful forces. A statement signed by Chief Johnson Onuigbo, Ikechukwu Omenihu, and Sir. Don Ubani, the party’s state chairman, Legal Adviser and Publicity Secretary, respectively, said tax certificate had never been a requirement to run for office of the governor, insisting that Ikpeazu’s aides put it in error.
It said: “Nigerians should be informed that there is no requirement for payment of tax at all or as and when due in the constitution, Electoral Act or INEC nomination form. The tax documents were included in the documents accompanying his nomination form by Dr. Ikpeazu’s aides by mistake. “The tax documents included by aides of Dr. Ikpeazu in the nomination form sent to INEC are genuine and there are absolutely no false entries in them and even if for purposes of argument, there were mistakes in the tax documents, Dr. Ikpeazu was not responsible for such mistakes and the mandate given him by hundreds of thousands of Abia voters cannot be invalidated on the basis of a spurious and unfounded allegation.
Citing some legal decisions, the party said: “We have taken the trouble to set out these few examples of the principles governing our democratic process just to demonstrate to Nigerians what is under attack by Uche Ogah and his cohorts: a sacrosanct mandate donated to Dr. Okezie Ikpeazu by citizens of Abia State. “It is the constitution that sets out the criteria for eligibility to stand for election as governor.
By Section 177 of the 1999 Constitution, there are only four requirements or conditions for eligibility to the office of Governor: citizenship of Nigeria, attainment of 35 years of age, membership/sponsorship of a political party and education up to School Certificate level or its equivalent. “Section 182 of the Constitution sets out other events that could disqualify a candidate and non-payment of tax at all or as and when due is not one of them. There is no requirement for payment of tax under the Electoral Act.
An examination of the nomination form for all elective offices in Nigeria, including for governorship shows clearly that payment of tax is not mentioned and tax receipts or tax clearance certificates are not one of the documents required to be included in the form. “Dr. Ikpeazu’s tax documents were either mistakenly included in the bundle of documents accompanying his Nomination Form by his aides or simply added out of the abundance of caution.” Enforce judgment now—EUF But a group, the Eastern Unity Forum (EUF) has demanded the immediate enforcement of the order of the Federal High Court that removed Ikpeazu from the office as governor of Abia State, urging the Attorney General of the Federation, Inspector General of Police, the Director of the Department of State Services and other security agencies to enforce the court order without further delay and avoid brewing anarchy in the state.
It described the judgment obtained by Ikpeazu as judicial coup, occasioned by impunity which must not be allowed to stand. The group at a press briefing in Abuja, yesterday, by its National President, Chief Emmanuel Okereke and National Secretary, Chief Willy Ezugwu, vowed to mobilize the people to enforce the court judgment if security agencies failed to do their job. Describing the court verdict obtained by the embattled Abia State governor from the state High Court as a judicial coup, the group said: “For Mr. Okezie Ikpeazu to rush to another court of coordinate jurisdiction to arrest the unambiguous judgment delivered by Justice Okon Abang on Monday, June 27, 2016 which ordered that Ogah be sworn in immediately is nothing but a delay tactics and judicial coup that must not be allowed to stand.
We, therefore, call on the Attorney General of the Federation (AGF), the Inspector General of Police (IGP), the Director of Department of State Services (DSS) and all other security agencies and law enforcement agencies of the Federal Government to wake up and be alive to their constitutional duties and ensure that Dr. Uchechukwu Sampson Ogah is sworn in as Abia State governor without further delay.” Declare Alex Otti gov —APGA In another development, the All Progressives Grand Alliance, APGA, Abia State chapter, has faulted the judgment of the Federal High Court which ordered that Ogah be sworn in as the state governor.
A statement signed by APGA state chairman, Augustine Ehiemere, decried the judgment as untenable as the Electoral Act 2010, as amended, forbade any person who did not take part in all stages of the election to be sworn in and insisted that its governorship candidate in the 2015 election, Dr. Alex Otti, remained the lawful candidate who ought to be declared governor. “APGA considers Uche Ogah’s declaration as a huge error, unacceptable to the party, untenable in Nigeria’s 2010 Electoral Act as amended, which forbids any person that did not take part in all the stages of an election from being declared winner.
Since there is no record anywhere to show that Dr. Uche Ogah won the primaries of his party, the PDP, let alone take part in all the stages of the last governorship election in Abia, his declaration as the governor by the court is strange and alien to the law. “Hence, we humbly demand that the appellate court, while upholding Ikpeazu guilty verdict, corrects this huge error by issuing the right order which is to declare the candidate who scored the highest lawful votes, the APGA candidate, Dr. Alex Otti, governor, as he did not only meet all the constitutional requirements and vote spread across the state, but even won more local governments than the sacked Okezie Ikpeazu; this is an incontrovertible fact.”
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Adron Homes Welcomes New Executive, Emphasizing Commitment to Professional Excellence
Published
6 hours agoon
November 16, 2024Adron Homes Welcomes New Executive, Emphasizing Commitment to Professional Excellence
In a strategic move to foster growth and elevate the quality of service delivery, the Management of Adron Homes and Properties is thrilled to announce the appointment of exceptional staff members who have exemplified remarkable professionalism and have significantly contributed to the advancement of the Adron brand. We proudly introduce our newly appointed leaders: Adenike Ajobo as Managing Director, Olubunmi Akinfe as Deputy Managing Director, Ihuoma Azuru as Assistant Managing Director of Sales and Marketing (Lagos Nigeria), Barbie Ette as Assistant Managing Director of Sales and Marketing (Northern Nigeria), Odunola Ogundapo as Assistant Managing Director of Sales and Marketing (Western Nigeria), Olasumbo Oguntoye as Assistant Managing Director of Housing Nigeria, and Haastrup as Director General of Customer Service. Together, they will drive our mission forward and ensure continued excellence at Adron Homes.
Aare Adetola Emmanuel King, the Chairman and Group Managing Director of Adron Homes, has issued an important directive to the newly appointed directors of the company. He emphasized the critical need for quality delivery in all aspects of their work. Aare King highlighted that each director must align their actions and decisions with the overarching vision and mission of the organization. He urged them to remain committed to the company’s goals and to foster a culture of excellence, ensuring that their contributions not only meet but exceed the expectations set forth by Adron Homes.
Adenike Abosede Ajobo stands out as a highly regarded authority in the fields of corporate branding, public relations, business repositioning, and organizational strategy. She holds a degree in Linguistics from the prestigious University of Ibadan and has further enhanced her expertise with an Ordinary National Diploma (OND) in Marketing from The Polytechnic of Ibadan.
Her dedication to professional growth is reflected in her memberships with esteemed organizations, including the National Institute of Marketing of Nigeria (MNIMN), the Nigerian Institute of Public Relations (NIPR), and the Nigeria Institute of Personality Development and Customer Relationship Management (NIPD-CRM-dsgnt). These affiliations illustrate her unwavering commitment to continuous learning and excellence within her industry.
Adenike’s professional journey with Adron Homes commenced in January 2024 when she took on the role of Group Company Secretary. Her exceptional leadership skills and strategic vision quickly propelled her up the ranks, and she soon became the Deputy Managing Director of Southern Nigeria. Her impressive performance has now garnered her a well-deserved promotion to the position of Managing Director at Adron Homes, where she is set to steer the company toward a promising future, leveraging her insights and experience to craft innovative strategies for growth and development.
Akinfe Olubunmi Omolara is an esteemed leader and achiever, recognized for her dedication to maximizing her potential in every role she undertakes. She is a graduate of Obafemi Awolowo University, lle-Ife, Osun State, with a Bachelor of Science degree in Microbiology. Her career journey at Adron Homes and Properties, reflects her remarkable growth and commitment to excellence. She has progressed through a range of pivotal roles, from Deputy Group Sales Manager, District Sales Manager, and Deputy District Sales Manager to Deputy Group Customer Relations Officer, Regional Chief Operating Officer, and Chief Operating Officer. Her leadership and strategic acumen continued to shine through her promotions as the Director of Sales and Marketer and later promoted as the Director General of Sales and Marketing. She has now been promoted to the position of Deputy Managing Director , where she will drive growth and operational efficiency for Adron Homes.
Ihuoma Udodirim Azuru’s journey is a testament to exceptional leadership and dedication. Her academic prowess shines through with a B.Sc in Accounting, M.Sc in Business Management, MBA in Human Resources and currently studying Law at the Leadership City University, underscoring her commitment to ongoing personal and professional development. Her career with the company began as Group Head Admin and HR, where she showcased her adaptive leadership style. Subsequently, she transitioned to the role of Director of Sales and Marketing (Southwest). Moreover, she was promoted to the prestigious role of Director General for Sales and Marketing at Adron Homes. Her exceptional leadership, dedication, and strategic vision within the organization leads to her appointment as the Assistant Managing Director Lagos Nigeria.
Odunola Ogundapo is a highly regarded sales and marketing professional, celebrated for her steadfast dedication and strategic insight, which have contributed to her impressive track record of success in the industry. She holds a Bachelor of Science degree in Geology from Olabisi Onabanjo University, where she developed a strong foundational knowledge of earth sciences. Further enhancing her expertise, she earned a Master’s degree in Sedimentary and Petroleum Geology from the prestigious University of Lagos, a program renowned for its rigorous approach and focus on the energy sector. This combination of academic credentials allows Odunola to meld deep scientific understanding with strategic business acumen, enabling her to deliver exceptional results in her professional endeavors.
Odunola embarked on her career in 2017 at Adron Homes and Properties Ltd, starting as a Business Executive. In this role, she quickly demonstrated her innate talents and passion for sales and marketing, employing a goal-driven approach that not only set her apart but also paved the way for her rapid advancement within the company. Her commitment to excellence and her ability to forge strong relationships with clients and stakeholders led to her recognition as a rising star in the organization.
Currently serving as the Assistant Managing Director, Odunola plays a pivotal role in shaping and executing innovative strategies aimed at driving growth and enhancing the company’s market position. Her forward-thinking mindset and comprehensive understanding of market dynamics allow her to identify and seize new opportunities effectively. Under her leadership, the team is not only motivated but also encouraged to think creatively and push boundaries, resulting in increased productivity and morale.
Odunola’s leadership style is characterized by a unique blend of optimism and resilience, which fosters a collaborative and inclusive work environment. She prioritizes the development of her team members, nurturing their potential and empowering them to become future leaders in the organization. This commitment to mentorship and professional growth among her staff has created a culture of excellence that thrives on teamwork and innovation, ensuring that everyone is aligned with the company’s vision and goals. Through her unwavering dedication to her work and her ability to inspire those around her, Odunola Ogundapo continues to make a significant impact in the sales and marketing realm.
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Zacch Adedeji: And The Revenue Keeps Increasing By Rabiu Usman By Rabiu Usman
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1 day agoon
November 15, 2024Zacch Adedeji: And The Revenue Keeps Increasing By Rabiu Usman
By Rabiu Usman
It was President Bola Tinubu that declared that in the first half of this year, the revenue of Nigeria soared to over N9.1 trillion, compared to the first half of 2023.
For instance, N5.2 Trillion accrued into the Federation Account for the period January to June 2023, while a total of N7.3 Trillion accrued into the account for the period July to December, 2023.
However, for June this year, accruals into the Federation Account rose to N2.483 trillion in June 2024. It was N2.324.792 trillion in May, meaning for the two months of May and June this year alone, about N4.8 trillion accrued into the Federation Account while N5.2 trillion accrued into the account for the first six months of last year.
The President attributed the revenue increase to the government’s efforts in blocking leakages, introducing automation, and mobilizing funding creatively, all without placing an additional burden on the people.
A few days after the President spoke glowingly of the considerable increase in the revenue of the country, a process being powered by the Federal Inland Revenue Service (FIRS), under the Chairmanship of Dr Zacch Adedeji, the Nigeria’s Zaccheus the Tax Collector, the World Bank also confirmed the progress being made in the area of revenue generation.
The World Bank projected that following the recent increase in government revenue, Nigeria’s revenue-to-GDP ratio could rise to over 10.5 percent by the end of 2024.
Ndiamé Diop, World Bank country director for Nigeria shared the forecast during an interactive session on ‘Fiscal Reforms for a More Secure Future’ at the 30th Nigerian Economic Summit, held in Abuja last month.
Also, according to data released in September by the National Bureau of Statistics (NBS), Nigeria’s Value Added Tax (VAT) revenue increased by 99.82% year-over-year in the second quarter of 2024.
During this period, total VAT revenue reached N1.56 trillion, a 9.11% increase compared to the previous quarter.
The NBS report highlighted that the revenue growth was driven primarily by local payments, which brought in about $484 million, while foreign payments contributed $242 million. VAT on imports generated $228 million.
However, despite the level of progress already made, the FIRS under Dr Zacch Adedeji is not done yet.
Various innovations are daily being introduced to ensure seamless payment of taxes by Nigerians.
Last week, the Taxpayer Services Department of the FIRS launched the new USSD code *829#, aimed at revolutionizing taxpayer engagement and access to essential tax services.
According to the FIRS, the initiative was aimed at “simplifying tax processes and providing a seamless, efficient service experience.”
With the *829# USSD code, taxpayers can now effortlessly access a range of services, including TIN retrieval, Tax Clearance Certificate (TCC) verification, and general inquiries all from the convenience of their mobile phones and with no need for internet access.
Also, Zacch Adedeji is everywhere, explaining the four tax bills currently before the National Assembly, assuring that it will not reduce the funding or operational efficiency of government agencies.
Last week Wednesday, Adedeji addressed the heads of the National Agency for Science and Engineering Infrastructure (NASENI), the National Information Technology Development Agency (NITDA), and the Tertiary Education Trust Fund (TETFUND) at the Revenue House in Abuja. He allayed concerns surrounding the proposal to rename the FIRS as the Nigeria Revenue Service (NRS), clarifying that the change is intended to streamline and improve agency efficiency.
He said the main goal was to align government revenue practices with current fiscal demands to ensure all agencies are well-funded and effective.
Adedeji further highlighted that the proposed legislation would enable government agencies to concentrate on their core responsibilities without the added task of revenue collection.
“The bills, once enacted, will allow agencies to focus on their primary functions instead of managing tax collection duties,” he explained.
Adedeji, who appears to have taken up the job of an Explainer concerning the new tax bills, further pointed out that the bills were the aftermath of President Tinubu’s administration recognition of the need for a unified tax code to reduce complexity and stimulate economic growth.
Perhaps, by the time this is being read, Dr Zacch Adedeji, will be standing before another audience to explain the ideas behind the new tax bills and their capability to further sore up the revenue base of the country, because for him, the revenue must keep increasing.
Usman, a public affairs commentator lives in Abuja.
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Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of Prizes
Published
1 day agoon
November 15, 2024*Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of Prizes
Wema Bank, Nigeria’s foremost innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, has announced the grand finale of the 5th edition of its flagship youth and startup-focused tech competition, Hackaholics.
Launched in 2019, Wema Hackaholics is a groundbreaking initiative designed to harness the creativity and entrepreneurial spirit of Nigeria’s youth, providing them with a platform to turn their tech-driven ideas into reality. The highly anticipated Hackaholics 5.0 grand finale will take place on November 27th, 2024, under the theme, “Meta Idea: Capitalizing Africa’s Growth Through Innovation.” This year’s theme aims to showcase how tech-driven solutions can fuel Africa’s development by tapping into the continent’s growth potential through innovation and digital transformation.
The grand finale will bring together the brightest innovators from universities and tech communities across the country. These innovators will pitch their Digi-Tech solutions designed to solve real-world problems and contribute to Africa’s economic and social progress. The event promises to be the culmination of months of intensive competition, collaboration, and mentorship, providing a platform for youth-led tech ideas to reach new heights.
Announcing the date of the grand finale, Moruf Oseni, MD/CEO of Wema Bank, highlighted the bank’s vision for Hackaholics. “Hackaholics is more than a competition; it is a movement to equip Nigeria’s youth with the skills, networks, and resources needed to drive Africa’s digital transformation. The Meta Idea theme for this year is a call to action for young innovators to think beyond the present and design solutions that will capitalize on Africa’s growth. We are excited to see how our participants envision and build the Africa of tomorrow.”
Speaking on the prizes, the MD/CEO said “At the grand finale, participants will compete for exciting cash prizes, grants, and access to Wema Bank’s extensive network of investors, mentors, and industry experts. The total worth of prizes for this year is ₦75,000,000. The winning team will receive ₦30,000,000, the first runner-up will receive ₦20,000,000 and the second runner-up will receive ₦15,000,000 worth of prizes. Additionally, we will be awarding a special grant of ₦10,000,000 worth of prizes to the female-led team to encourage gender diversity in tech innovation.” He concluded.
Wema Bank’s Hackaholics is a testament to the Bank’s commitment to shaping Africa’s future through innovation and entrepreneurship. Hackaholics 5.0 began with a nationwide call for entries earlier in the year and has engaged over 10,000 aspiring tech innovators and entrepreneurs across Nigeria. With 2,297 applications across 8 physical pitch centers and 1 virtual pitch center, 34 innovators across all locations are set to pitch their ideas at the pre-pitch stage ahead of the grand finale scheduled to hold in Lagos.
Through Hackaholics, Wema Bank has provided a platform for youth to channel their creativity and entrepreneurial spirit into actionable tech solutions that address Africa’s most pressing challenges. Over the years, Hackaholics has grown into one of the largest and most influential tech competitions in Nigeria, impacting thousands of young minds.
The competition not only offers winners cash prizes and grants, but also access to mentorship, industry networks, and resources to help scale their innovations globally. This initiative is a key part of Wema Bank’s broader strategy to harness technology as a driver of socio-economic growth in Africa.
Interested individuals can register to attend the grand finale via https://hackaholics.wemabank.com/grandfinale
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