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Wema Bank Opens Registrations to Participants Across Unlimited Verticals For HACKAHOLICS 5.0

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*Wema Bank Opens Registrations to Participants Across Unlimited Verticals For HACKAHOLICS 5.0

 

 

Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced the verticals of focus for Hackaholics 5.0, the fifth edition of its youth-focused and campus-based hackathon, Hackaholics, charging Nigerian youth and innovators to explore these verticals and participate in the revolutionary hackathon.

Hackaholics, reputed as Africa’s largest campus-based ideathon, is a youth-focused tech competition that serves as a platform for innovators and Startup founders with tech-driven or tech-enabled ideas and products to bring their game-changing ideas to life, solve real-world problems and scale their ventures. Since its inception in 2019, Hackaholics has toured at least 37 universities across 4 African countries, amassing over 5,000 applications, disbursing at least $200,000 in grants and positively transforming thousands of lives and business ventures across Nigeria. The last edition, Hackaholics 4.0, saw young talented innovators win over N50,000,000 for their unique solutions across diverse verticals, including financial inclusion and health, among others. With a whopping N90,000,000 slated for Hackaholics 5.0, the wins have significantly multiplied—with a unique twist. While prior editions of Hackaholics have required participants to innovate under 9 key verticals, Hackaholics 5.0 has pushed the boundaries, expanding the range of verticals admissible.

Themed “MetaIdea: DigiTech Solutions for Africa’s Prosperity”, Hackaholics 5.0 has adopted an infinitely multi-vertical approach, allowing participants to develop innovative solutions not only under the verticals listed on the registration portal, but also across any other verticals at their disposal. This means that in addition to Education, Climate, CivicTech, Insurance, GovTech, Health, Gender-Based Violence, Financial Inclusion, Entertainment and FinTech, Hackaholics 5.0 participants are permitted to develop solutions across any other verticals beyond those listed, allowing for more diversity in the problem-solving approach and expanding the range of positive impact achievable through the Hackaholics platform. Young innovators with a knack for problem-solving and a drive for generating impact through tech-enabled solutions, are to simply submit their entries on the Hackaholics registration portal either choosing from the listed verticals or clicking “Others” to submit their entries under any other verticals not listed.

Expounding on the Bank’s intent for delimiting the verticals for Hackaholics 5.0, Solomon Ayodele, Wema Bank’s Head of Innovation, referenced the Bank’s commitment to constant innovation and its mission of empowering lives. “The theme for Hackaholics 5.0 is anchored on two principal factors—The Meta Idea and African Prosperity, and the general idea for this edition is to birth ideas that go above and beyond in solving prevalent problems in Africa towards the prosperity of the continent. It is only fitting that in engendering the creation of unique ideas that go beyond the regular, we also optimise the modalities to better accommodate these meta ideas and ‘beyond-regular’ solutions. The ultimate goal is to birth solutions that address diverse aspects of real-world challenges and expanding the range of verticals will only serve to further promote the achievement of this goal”.

“As Nigeria’s most innovative bank, we are committed to not only remaining beacons of innovation and positive impact in Nigeria, but also empowering other innovators and enabling innovation to thrive through every key player in this ecosystem; hence the birth of Hackaholics. Our focus for Hackaholics 5.0 is the brilliance of your mind so we leave it to you to discover a problem area that matters to us as Africans and develop a practical innovative solution across that vertical, that will drive positive impact for our continent. I encourage every young mind with creative ideas to leverage Hackaholics as a launchpad to the success of their innovations and Startups. All they need to do is register at hackaholics.wemabank.com and as always, we will be with them, all the way”, Ayodele concluded.

With N90,000,000 earmarked as the cash prize for Hackaholics 5.0, young innovators across the country can become Startup owners even as undergraduates and make their big break into the tech and innovation world.

To register for Hackaholics 5.0, submit your entry at hackaholics.wemabank.com

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Court orders popular cleric Daddy Hezekiah to pay bank manager N10m for human rights abuse

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Court orders popular cleric Daddy Hezekiah to pay bank manager N10m for human rights abuse

 

 

A Federal High Court in Abuja has ordered popular Anambra cleric and founder of Living Christ Mission, Rev. Onokogu Hezekiah (also known as Daddy Hezekiah), to pay N10 million to Polaris Bank manager, Hezekiah Duru, for violating his fundamental human rights.

The cleric had filed a petition against Duru, accusing him of financial misappropriation and breach of trust, which led to Duru’s arrest and detention by the police.

However, Justice D. Okorowo ruled against Daddy Hezekiah and the Nigeria Police Force, stating that the arrest and detention of Duru was a violation of his fundamental human rights, especially since the allegation was already under investigation by the Economic and Financial Crimes Commission (EFCC).

In the suit: FHC/ABJ/CS/3/2024, Justice D. Okorowo also faulted the warrant order obtained from the Nasarawa State Magistrate Court.

The Court judgment by Justice Okorowo in favour of the Applicant, Duru, reads:

“A declaration is made that the arrest, detention and purported investigation of the Applicant from the 11th day of December 2023 till 29th day of December 2023 by the Respondents on the petition of the 1st Respondent on an allegation of financial misappropriation/embezzlement/cheating/breach of trust already being investigated is an infringement of the Applicant’s right to personal liberty, fair hearing, right to dignity of his person as enshrined in the Constitution of Nigeria 1999 and African Charter on Human and Peoples’ Rights.

“A declaration is made that the order/warrant for the detention of the Applicant obtained by the Respondents from the Nasarawa State Magistrate Courts is unlawful, an abuse of powers, an abuse of judicial process and an infringement of the Applicant’s right to fair hearing, and personal liberty.

“An Order is made directing the release of the Applicant, Amb. Dr Hezekiah Chinenye Duru forthwith from Police custody.

“An Order of injunction is made restraining the Nigerian police and its officers from arresting, detaining or further violating or doing anything capable of undermining, threatening or interfering with the fundamental rights of the Applicant, His Excellency Amb. Dr. Hezekiah Chinenye Duru.

“An award of 10 Million Naira damages jointly and severally against Rev Onukogu and the Nigerian police, the Inspector General of the Nigerian Police and ACP Asuqou (the officer in Charge of the Special Investigation Unit of the IGP office).” (The Nation: Text, Excluding Headline)

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At the 51st AGM of FrieslandCampina WAMCO (Photo News) 

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At the 51st AGM of FrieslandCampina WAMCO (Photo News) 

 

 

From left, Non-Executive Director, FrieslandCampina WAMCO, Audrey Joe-Ezigbo; Non-Executive Director, Engr. Mustapha Bello; Chairman, Board of Directors, Moyo Ajekigbe; Managing Director, Roger Adou and Non-Executive Director, Oyinkan Ade-Ajayi during the 51st Annual General Meeting of FrieslandCampina WAMCO Nigeria PLC held in Lagos recently. See below other images of Board members

 

At the 51st AGM of FrieslandCampina WAMCO (Photo News) 

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Development Bank of Nigeria Announced as Partner for the Africa Social Impact Summit 2024

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Development Bank of Nigeria Announced as Partner for the Africa Social Impact Summit 2024

Sterling One Foundation, co-conveners of the Africa Social Impact Summit are pleased to announce the Development Bank of Nigeria (DBN) as one of its partners for the third edition of the Africa Social Impact Summit to be held from July 25 – 26, 2024 in Lagos, Nigeria.

 

 

With this partnership, DBN joins an impressive list of partners, including private-sector organizations, international development organizations, public-sector bodies, and diplomatic organizations.

Established in 2014, the Development Bank of Nigeria is a wholesale finance institution that focuses on addressing the financing challenges facing Micro, Small, and Medium Scale Enterprises (MSMEs) in Nigeria through the provision of financing and partial credit guarantees to eligible financial intermediaries.

Now in its sixth year of operation, DBN has disbursed loans to millions of MSMEs and supported many others through initiatives such as the Entrepreneurship World Cup, Eco Innovation Challenge, DBN capacity building initiative and many more. By end of 2023, the institution lent ₦ N787.47 billion to over 494,819 MSMEs, 356,451 of which were women-owned.

Speaking on what necessitated this, Managing Director and CEO of DBN, Dr. Tony Okpanachi explained that the DBN has been a part of the Africa Social Impact Summit right from inception, with its Chief Economist as one of its panellists, because it sees value in the Summit’s drive for increased impact investments to scale sustainable solutions.

“We are constantly looking to reach more enterprises building impactful solutions that address Nigeria’s challenges and this Summit presents a good opportunity to engage them and offer them ways to scale and grow,” he said.

Providing further insight into the partnership, Mrs. Olapeju Ibekwe, CEO, Sterling One Foundation expressed delight at having the Development Bank of Nigeria onboard, stating that the impact of their work and the insights they have from serving Nigeria’s vibrant MSME space is worth learning from. She also hinted at the opportunity this partnership offers to Summit attendees looking to access credit for the impact-focused solutions they are building.

The Africa Social Impact Summit now in its third year is expected to be held from July 25 to 26, 2024 at the Eko Convention Centre, Lagos, Nigeria. Registration for in-person attendance is ongoing at www.theimpactsummit.org

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