Business
Wema Bank Opens Registrations to Participants Across Unlimited Verticals For HACKAHOLICS 5.0
*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
Business
FORENSIC INVESTIGATION REVEALS FABRICATED X ACCOUNT TARGETING INEC CHAIRMAN – CPS
FORENSIC INVESTIGATION REVEALS FABRICATED X ACCOUNT TARGETING INEC CHAIRMAN – CPS
The Chief Press Secretary (CPS) to the Chairman of the Independent National Electoral Commission (INEC), Mr. Adedayo Oketola, has said that a purported X (formerly Twitter) account attributed to the Commission’s Chairman, Prof. Joash Ojo Amupitan, SAN, is fake and part of a coordinated disinformation campaign.
In a public statement issued on Monday in Abuja, Mr. Oketola disclosed that a comprehensive, multi-layered forensic investigation conducted by independent cybersecurity experts has conclusively established that the INEC Chairman does not operate any personal X account.
He said, “The Independent National Electoral Commission (INEC) , committed to a full forensic investigation, commissioned an independent forensic cybersecurity expert, who conducted a multi-layered forensic and digital investigation using X platform data, internet archive records, OSINT tools, identity forensics and cross-platform analysis.”
Oketola stressed that all posts, replies, and screenshots linking him to the handle @joashamupitan are fraudulent, forensically unverifiable, and technically impossible.
The controversy began on April 10, 2026, when viral social media posts alleged that the Chairman made a partisan comment — “Victory is sure” — in response to another user, supported by screenshots and purported digital records.
However, the CPS said the forensic investigation uncovered clear evidence of fabrication and impersonation, highlighting the following key findings:
· No Digital Linkage: There is no connection between the disputed X account and Prof. Amupitan’s verified email addresses or phone numbers, as multiple recovery and verification attempts failed to establish any link.
· False BVN/OPay Claims: Data used to suggest ownership of the account only confirms identity and does not establish control of any social media handle, making such claims a logical fallacy.
· Timestamp Manipulation: The alleged reply “Victory is sure” was posted 13 minutes before the original tweet it responded to—an occurrence that is technically impossible and definitive proof of fabrication.
· No Historical Record: Searches on the Internet Archive’s Wayback Machine showed zero evidence of the account or its alleged activity prior to April 2026.
· Non-Existence on X Platform: Live checks confirmed that the alleged reply does not exist and has never existed on the platform.
· Account Renaming Pattern: On the same day the screenshots went viral, the account was renamed @sundayvibe00, set to private, and labelled a “parody account,” indicating deliberate impersonation and damage control.
· Coordinated Multi-Platform Impersonation: At least seven fake accounts across Facebook and Instagram using the Chairman’s identity were identified, pointing to a sustained disinformation effort.
“The forensic evidence is comprehensive, multi-sourced, and unambiguous. The posts attributed to Prof. Joash Ojo Amupitan on X are fabricated. The account is a clear case of impersonation,” Mr. Oketola said.
Quoting one of the independent investigators, he described the development as “a coordinated digital impersonation and disinformation campaign,” warning that advances in artificial intelligence had made it easier to fabricate misleading content.
He urged the public to avoid sharing unverified information, noting that “the fact that content goes viral does not make it authentic,” and called on media organisations to prioritise accuracy over speed.
Mr. Oketola said the independent forensic report had been referred to the law enforcement agencies for necessary action. He also appealed to law enforcement agencies to investigate the origin of the fake account and prosecute those responsible under the Cybercrimes (Prohibition, Prevention, etc.) Act.
He said, “Media organisations, in particular, have a duty to apply strict forensic verification standards to social media posts and screenshots before publishing them, especially when such content implicates public officials or carries serious consequences for public trust and institutional credibility. Accuracy, not speed, must guide reporting in matters of this nature.”
He reiterated that all official communications from INEC are disseminated exclusively through its verified platforms, including its website (www.inecnigeria.org), verified X account (@inecnigeria), official Facebook page, online news portal (www.inecnews.com), formal press statements from its headquarters in Abuja, and official media briefings. Any account purporting to represent the INEC Chairman in a personal capacity, he said, should be treated as fraudulent unless formally verified by the Commission.
Business
How FirstBank is investing in Its People and Building Future Leaders
How FirstBank is investing in Its People and Building Future Leaders
For an average 9-5er, having a job isn’t enough. You want a career that grows with you, gives you stability, and opens doors to bigger opportunities. People everywhere are looking for workplaces that don’t just pay salaries but actually invest in their staff, helping them learn, lead, and succeed.
That’s exactly what FirstBank is doing. The Bank is building a future where every employee has the opportunity to grow, lead, and thrive. Through its human capital management and development agenda, FirstBank is creating numerous pathways for staff to transform their careers and become tomorrow’s leaders.
Conversion Programme: Turning Opportunities Into Careers
Needless to say that there is no desire for the 9-5er to remain in a temporary role when they can secure a full-time career. With FirstBank’s Conversion Programme, eligible non-core employees who have served for at least one year can transition into permanent positions. This initiative ensures that hardworking staff are rewarded with stability, growth, and the chance to contribute more meaningfully to the Bank’s success.
Leadership Programmes: Grooming the Next Generation
FirstBank has designed three flagship programmes to identify and nurture high-potential talents:
- FirstBank Management Associate Programme (FMAP): A 24-month fast-track initiative that grooms future middle managers. Upon completion, participants are promoted to Assistant Manager grade, regardless of their previous grade.
- Leadership Acceleration Programme (LAP): Focused on preparing internal middle-management talents for leadership responsibilities, ensuring the Bank’s succession pipeline remains strong.
- Senior Management Development Programme (SMDP): A programme for senior managers who are proven leaders in their functions and critical to the Bank’s succession plan.
These programmes are not just training—they are career accelerators, designed to put staff on the fast lane to leadership.
FirstAcademy: Learning With Global Standards
Backing these initiatives is FirstAcademy, FirstBank’s corporate university, accredited by the Chartered Institute of Bankers of Nigeria (CIBN).
Staff also benefit from partnerships with institutions like Rome Business School and Association of Chartered Certified Accountants (ACCA), gaining access to world-class training—often at discounted rates
A Workplace That Values People
FirstBank’s parent company, First HoldCo PLC, was named second in the Best Workplaces in Financial Services in Nigeria. The Bank remains firmly committed to responsible employment practices, ensuring that all colleagues are treated with dignity, fairness, and respect.
The Future Is Human
With these initiatives, FirstBank is showing that its greatest investment is its people. By empowering staff through various growth opportunities, the Bank is not just building a workforce, it is cultivating leaders who will shape the future of banking in Nigeria and beyond.
Business
FirstBank Partners Ekiti State Government on Launch of Innovation Enterprise Support Fund
FirstBank Partners Ekiti State Government on Launch of Innovation Enterprise Support Fund
Lagos, 10 April 2025 – FirstBank, West Africa’s premier financial institution and the leading financial inclusion service provider, is proud to announce its partnership with the Ekiti State Government in launching the Innovation Enterprise Support Fund, a groundbreaking initiative designed to empower startups, scale tech-enabled businesses, and accelerate innovation-driven economic growth across the state.
The programme provides funding, mentorship, and market access to high-potential enterprises, with a focus on strengthening Ekiti’s innovation ecosystem, creating jobs, and supporting youth, women, and underserved communities. Notably, at least 40 percent of the fund has been reserved for female-led enterprises.
The Innovation Enterprise Support Fund Initiative is structured as a three-phase programme covering ideation, pre-acceleration, and acceleration for about 60 startups. Each enterprise will receive financial support ranging from ₦150,000 to ₦1,200,000, enabling job creation, revenue generation, and market-ready product launches.
Speaking on the partnership, the Managing Director/Chief Executive Officer, FirstBank Group, Olusegun Alebiosu, said “Entrepreneurship and Innovation are two of our core values at FirstBank. We believe MSMEs are enablers of economic growth and for 132 years, we have stood beside Nigerian businesses through every phase of growth, transition and transformation. We have remained committed to building stronger business through improved access to finance and capacity building; we created the SME Connect Platform to serve as a digital hub where Nigerian entrepreneurs find the resources to move from vision to value. We are excited about this partnership, and we see more than startups. We see future industry leaders, employers of labour, and perhaps our next big partners.”
The partnership aligns with FirstBank’s longstanding commitment to financial inclusion, SME development, and youth empowerment, with an emphasis on supporting women entrepreneurs, who represent 35% of Nigeria’s startup cohort.
FirstBank has been a consistent promoter and supporter of the innovation ecosystem and SMEs in Nigeria, providing notable interventions to help them scale their platforms and businesses. The Bank has designed multiple digital platforms for its SME customers to leverage on for business growth and expansion.
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