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Tunde Onakoya Emerges Business Insider Social Entrepreneur of the Year

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Tunde Onakoya Chess in Slums Africa initiative

By Adedapo Adesanya

The convener of the Chess in Slums Africa initiative, Mr Tunde Onakoya, has emerged as the winner of the Social Entrepreneur of the Year Award organised by Business Insider Africa.

The inaugural Business Insider Africa Awards recognised outstanding business leaders across Sub-Saharan Africa who have been instrumental to the growth and advancement of the region’s economic landscape.

There were 55 nominees, including some of the continent’s top business leaders, achievers, and innovators across various industries and sectors who have made noteworthy contributions to their various communities through charitable works and leadership roles.

After two weeks of intensive voting from people around Africa and beyond, 11 outstanding leaders emerged winners across each of the award categories, the organisers noted.

The recognition for Mr Onakoya comes at a time when he is getting recognition for his works to take children off the streets and provide them with a platform through chess among others.

“Although the NGO is barely two years old, its impacts are already being felt, even as leading global media companies such as Reuters and DW have taken note,” the organisers noted.

Embattled Flutterwave CEO, Mr Olugbenga Agboola, currently embroiled in a scandal revolving around unfair practices with the unicorn, emerged the winner of the Tech Investor of the Year Award.

Besides his current job at Flutterwave, he is also a notable investor in the African startup space. He recently partnered with Norrsken House to launch a $200 million fund to support growth-stage African startups.

Novelist, Ms Chimamanda Ngozie Adichie won the Creative Leader of the Year Award.

Business Insider Africa remarked that she is “one of the finest writers the world has seen in a long time, Adichie has written many best-selling and award-winning novels. Be it in Half of a Yellow Sun or Americannah; her stories are known to tackle societal issues, albeit in a refreshingly entertaining literary manner.”

Other winners were Ms Olajumoke Kujero who emerged winner of the Marketing Professional of the Year Award. She is the Head of Marketing at Jumia Nigeria, a role she has held since March 2020. Prior to working at Jumia, she worked as the Head of Marketing at Wakanow.

Mr Andrew Takyi-Appiah won the Fintech Leader of the Year Award. He is the co-founder and Managing Director of Zeepay, a Ghanaian fintech startup established in 2016. Prior to that time, he worked at UT Bank Ghana as a General Manager. He has held several other high profile positions in top firms, including PwC Ghana, PwC UK, Ecobank Transnational Incorporated and GTBank.

Mr Onyeka Akumah was awarded the winner of the Internet Entrepreneur of the Year Award. He is a Nigerian serial entrepreneur and the Co-Founder/CEO of Treepz – one of Africa’s largest shared mobility companies.

“Over the years, Onyeka has partnered with other entrepreneurs to launch several businesses, including Farmcrowdy – Nigeria’s first digital agriculture platform. Today, he sits on the board of leading tech startups across Africa and North America while constantly seeking ways to impact African youths through media and technology,” his winning profile reads.

Former Special Assistant to President Goodluck Johnson, Mr Reno Omokri was conferred as the winner of the Business Influencer of the Year Award. The UK-trained Nigerian lawyer was noted as a very active and influential voice across social media platforms, especially Twitter, where he discusses various topics, from career tips to business and the economy.

Mrs Tara Fela-Durotoye was crowned the winner of the Entrepreneurship Lifetime Achievement Award.

“Mrs Durotoye is a Nigerian beauty entrepreneur and the Founder/Chief Executive Officer of House of Tara International. She built the company from scratch into one of Africa’s most notable beauty brands. And in return, she has been recognised for her audacious entrepreneurial spirit,” her profile read.

Mrs Eunice Ajim was regaled as the winner of the Tech Serial Entrepreneur of the Year Award. She is Founding Partner at Ajim Capital, an early-stage fund targeting African startups. Prior to starting the company, she worked at Apple as a product consultant and held various positions at Texas-based OpenTeams.

Mr Gregory Rockson emerged as the winner of the Young CEO of the Year Award. The Co-founder and Chief Executive Officer of mPharma, an Africa-focused health tech startup started the company in 2013 and has served as its CEO since then.

The organisers remarked that, “Under his leadership, mPharma has raised about $88.2 million from investors and expanded operations to Nigeria, Zambia, Kenya, Uganda, Ethiopia, Gabon, Rwanda, Malawi and Ethiopia. Besides his work at mPharma, Gregory Rockson is also the Executive Chairman at Halsons Limited. The Ghanaian national is a World Economic Forum Global Shaper. He holds a Bachelor’s Degree in Political Science from Westminster College.”

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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SERAP in Court to Force INEC to Account for N55.9bn for 2019 Elections

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serap inec

By Modupe Gbadeyanka

The failure of the Independent National Electoral Commission (INEC) to account for about N55.9 billion earmarked for the purchase of some materials for the 2019 general elections has forced the Socio-Economic Rights and Accountability Project (SERAP) to file a lawsuit against the commission.

In the suit number FHC/ABJ/CS/38/2026 filed last Friday at the Federal High Court in Abuja, SERAP asked the court for an order of mandamus to compel INEC to disclose the names of all contractors paid the sum of money.

It was claimed that the N55.9 billion was meant for the purchase of smart card readers, ballot papers, result sheets and other election materials for the 2019 general elections, which produced the late Mr Muhammadu Buhari as President for a second term in office.

SERAP is relying on the latest annual report published by the Auditor-General on September 9, 2025, to ask for the use of the funds, which is said to be missing or diverted.

The organisation argued that the electoral umpire “must operate without corruption if the commission is to ensure free and fair elections in the country and uphold Nigerians’ right to participation.”

“INEC cannot ensure impartial administration of future elections if these allegations are not satisfactorily addressed, perpetrators including the contractors involved are not prosecuted and the proceeds of corruption are not fully recovered,” a part of the statement issued by the group stated.

“INEC cannot properly carry out its constitutional and statutory responsibilities to conduct free and fair elections in the country if it continues to fail to uphold the basic principles of transparency, accountability and the rule of law.

“These allegations also constitute abuse of public office and show the urgent need by INEC to commit to transparency, accountability, clean governance and the rule of law,” it further declared.

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Finance Ministry Directs Shippers, Airlines to Submit Manifests via Single Window Project

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NLNG Shipping Arm

By Adedapo Adesanya

The Ministry of Finance has directed all shipping companies and airlines operating in Nigeria to submit their manifests through the Single Window Project (SWP) as part of efforts to strengthen cargo tracking and transparency.

The submission of shipping manifests before the change of policy was handled exclusively by the Nigeria Customs Service (NCS) for onward cargo processing and port clearance.

However, following a memo from late last year signed by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, all shipping firms and airlines were directed to integrate with the National Single Window platform to ensure seamless Manifests submission.

“I would like to bring to your attention that His Excellency, President Bola Ahmed Tinubu inaugurated the National Single Window (NSW) Project on the 16th of April 2024.

The NSW Project aims to streamline and automate import and export processes at Nigeria’s entry & exit ports, with the dual goals of enhancing trade facilitation and increasing government revenue.

“By integrating the operations of multiple government agencies involved in trade processes on one platform, the NSW platform will ensure faster clearance of goods and services, improve operational efficiencies at the imports and significantly reduce bureaucratic bottlenecks.

“Key components of the Single Window as defined by the World Trade Organisation (WTO) and World Customs Organisation (WCO) include: (a) a single-entry point i.e. traders, shipping lines, airlines and other stakeholders should submit all required import and export documentation through a single-entry point on a centralized digital platform, and (b) single submission i.e. all documentation should only be submitted once and data only entered once.

“As a result, the NSW Platform will be the single-entry point of submission for all Sea and Air Manifests. Therefore, all shipping lines and airlines are therefore directed to integrate with the NSW Platform to ensure seamless Manifests submission,” parts of the memo read.

The Comptroller-General of the NCS, the chairman of the Nigerian Revenue Service (NRS), the Managing Director of the Nigerian Ports Authority (NPA), the Managing Director of the Federal Airports Authority of Nigeria (FAAN) and the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) were copied in the memo.

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Dangote Drags ex-NMDPRA Boss Farouk Ahmed to EFCC

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Dangote and Farouk

By Aduragbemi Omiyale

The petition written against the immediate past chief executive of the Midstream Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, which was withdrawn from the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has now been taken to the Economic and Financial Crimes Commission (EFCC).

The letter was written by the chairman of Dangote Industries Limited (DIL), Mr Aliko Dangote. It contained allegations of allegations of abuse of office and corrupt enrichment against Mr Ahmed.

The petition led to the resignation of the former NMDPRA chief from office last month.

It was gathered that Mr Dangote, through his legal representative, filed a formal corruption petition against him at the headquarters of the EFCC, with specific plea of prosecuting Mr Ahmed if found culpable.

The businessman said the withdrawal of the petition from the ICPC was a strategic move aimed at accelerating the prosecution process.

 In the petition signed by his lead counsel Mr O.J. Onoja (SAN), Mr Dangote noted that, “We make bold to state that the commission is strategically positioned along with sister agencies to prosecute financial crimes and corruption related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624)337.”

He further urged the anti-money laundering agency, under the leadership of Mr Olanipekun Olukoyede, “…to investigate the complaint of Abuse of Office and Corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”

“The commission’s firm resolve in handling this matter with dispatch is not only imperative and expedient but will also serve as a deterrent to other public officers out there with such corrupt proneness and tendencies,” he added.

Recall that on December 14, 2025, Mr Dangote raised concerns about Mr. Ahmed’s financial dealings, alleging that the former regulator is living far beyond his legitimate means.

According to him, four of Mr Ahmed’s children attended elite secondary schools in Switzerland, incurring costs running into several millions of dollars—an expenditure that raises questions about potential conflicts of interest and the integrity of regulatory oversight in the downstream petroleum industry.

Mr Dangote listed the schools attended by Mr. Ahmed’s children: Faisal Farouk (Montreux School), Farouk Jr. (Aiglon College), Ashraf Farouk (Institut Le Rosey), and Farhana Farouk (La Garenne International School), noting that each child spent six years in these institutions. He estimated annual tuition, travel, and upkeep per child at $200,000, totaling approximately $5 million for their secondary education.

Additionally, he alleged that Mr Ahmed spent another $2 million on tertiary education for the four children, including $210,000 for Faisal’s 2025 Harvard MBA program.

“Nigerians deserve to know the source of these funds, especially when many parents in Mr Ahmed’s home state of Sokoto struggle to pay as little as N10,000 in school fees,” Mr Dangote stated.

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