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SOLAP Enterprise Hub Produces First Winner, Awards N1.5m to Top Pitch Winner

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A young entrepreneur, Magaji Emmanuel, founder of MJ Farms, has emerged winner of the maiden edition of the SOLAP Enterprise Hub, Youth Entrepreneurship Program 2025,  clinching a N1.5 million business investment grant at the grand finale held Friday at Ordlin Event Center, Jos.

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Emmanuel outperformed nine other finalists in a competitive live pitch session, following a six-week intensive training programme that began with hundreds of applicants drawn from Abuja, Benue, Nasarawa, Plateau and Kaduna States.

The SOLAP Enterprise Hub, Youth Entrepreneurship Program 2025, an initiative of SOLAP Group, is designed to nurture young entrepreneurs into wealth creators, job providers and drivers of community development. From over 100 applications received, 50 entrepreneurs were shortlisted and trained, with only 10 advancing to the final pitch stage.

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Presenting his business model, Emmanuel, a Quantity Surveying student of Kaduna State University, showcased his integrated poultry farm which not only produces poultry birds but also converts poultry waste into organic hybrid fertilizer. His innovation, aimed at addressing rising fertilizer costs, earned him the top prize.

Speaking after his victory, Emmanuel expressed gratitude to God and dedicated the achievement to his late father, whose initial vision inspired the business. He noted that the grant would help scale production and expand access to affordable fertilizer for farmers.

Group Managing Director of SOLAP Group, Arc. Akosu Paul
Group Managing Director of SOLAP Group, Arc. Akosu Paul

Earlier, the Group Managing Director of SOLAP Group, Arc. Akosu Paul, said the initiative forms part of the company’s corporate social responsibility to support young entrepreneurs with viable ideas through training, mentorship and grants.

He explained that the programme aims to raise 100 millionaires within the next 10 years, stressing the importance of investing in youth who possess the energy, vision and fewer distractions needed to grow sustainable businesses.

The event also featured a panel discussion on “Thriving in Uncertainty: Building Resilience and Entrepreneurship,” with experts including Chief Samuel Adetunji, Mrs Theresa Gofwen and Mrs Mary Oyewole, who shared insights on navigating business challenges.

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In a show of support, Chief Adetunji donated an additional N100,000 each to the top three winners, as well as to the best female contestant and another participant who pitched a fish farming business.

Speaking at the event, Mr Val Okafor of the Val Okafor Company, implementing partner of the initiative, described the programme as a structured intervention aimed at bridging the gap between ideas and sustainable enterprises.

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According to him, participants underwent practical training in business development, market research, branding and revenue strategies, equipping them with the skills needed to build viable businesses.

Other winners at the event included Ani Nnaemeka Kingsley of NovelArts, who emerged first runner-up with a N1 million grant for his innovative use of waste materials in interior décor and art production.

Mom Terkaa Titus of Jumo Farms secured the second runner-up position, winning N500,000 for his Agri-Rentals concept, a farm mechanization hub for smallholder farmers.

The top female contestant, Egba Agnes of AG’s Creations, also received an additional N500,000 grant to support her fashion design business and training academy for aspiring designers.

Organisers described the maiden edition as a success, noting that the initiative will continue to expand opportunities for young entrepreneurs across Nigeria.

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Access Holdings appoints Orimoloye as Access Bank executive director, risk management

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Access Holdings Plc has announced the appointment of Ifedayo Orimoloye as Executive Director, Risk Management of its flagship subsidiary, Access Bank Plc.

The company disclosed this in a regulatory filing signed by Sunday Ekwochi, Group Company Secretary, on Friday, saying the appointment followed the approval of the Central Bank of Nigeria (CBN) and would take effect from 21 September.

Commenting on the appointment, Aigboje Aig-Imoukhuede, Group Chairman, Access Holdings Plc, said the appointment will further strengthen the Bank’s risk governance and support its scale to value focus.

“Mr. Orimoloye brings strong global risk management experience and strategic leadership to the Board of Access Bank Plc. His appointment will further strengthen the Bank’s risk governance and support its scale to value focus. We are pleased to welcome him and look forward to his contributions to the Group’s long-term value creation agenda,” he said.

The appointment, the company said, reinforces Access Bank’s commitment to strong governance, prudent risk management and sustainable stakeholder value.

It added that the appointment was made in line with applicable regulatory requirements and the Bank’s corporate governance framework.

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Profile

Mr Orimoloye is an internationally recognised risk management executive with over 25 years’ experience across leading financial institutions in Africa, Europe and the United States.

His expertise spans enterprise risk management, capital optimisation, credit governance, regulatory compliance and strategic transformation.

READ ALSO: CBN begins work on new financial inclusion strategy, targets deeper access

He was recently the Group Chief Risk Officer of the African Development Bank, where he oversaw a portfolio exceeding $40 billion and supported the institution’s continued AAA ratings from Moody’s Investors Service, S&P Global Ratings and Fitch Ratings.

He also played key roles in landmark capital and securitisation transactions, including initiatives to expand renewable energy access across Africa.

Mr Orimoloye previously held senior risk leadership positions at Sterling Bank Plc, Ecobank Transnational Incorporated, Wells Fargo Bank, HSBC and Citigroup, where he led risk transformation, portfolio management and governance initiatives across multiple markets.

He holds dual bachelor’s degrees in Economics and Finance, as well as an MBA in Finance from California State University, Hayward.


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EFCC Hands Over Recovered N140m to Loan Firm in Lagos

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The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, Okotie-Eboh, Ikoyi, Lagos, have handed over the sum of N140million to an investment and money-lending company, B4 Sail Limited.

The recovery of the funds, handed over in bank drafts by the Acting Zonal Director, Lagos Zonal Directorate 2, Assistant Commander of the EFCC, ACE I Bawa Usman Kaltungo, followed investigations into an alleged case of obtaining money by false pretence and diversion of funds involving one Jacob Oyebola Esan and companies linked to him.

In a petition submitted on April 20, 2026, B4 Sail Limited alleged that Esan, on behalf of his company, Geo Fields Plc, had approached the company in August 2025 for a N500 Million Naira loan facility to boost his business.

The loan facility, according to the petitioner, attracted an interest rate of 15 per cent per month and had a tenor of one month.
Investigation revealed that Esan, who is the first suspect, had previously obtained other loan facilities from the company, bringing his total loan exposure to N1,065,000,000.00 (One Billion, Sixty-Five Million Naira).
It was also revealed that Esan pledged shares held by him as collateral for the facilities through Calyx Securities Limited, the clearing house for the stocks, with the understanding that the shares would be subject to a lien in favour of B4 Sail Limited and that the company would have the first right of payment upon the sale of the shares.

The lien, investigation revealed, was communicated to B4 Sail Limited through a letter signed by the second suspect, Gbolahan Azeez Bello, Managing Director, Calyx Securities Limited.

Further investigation, however, revealed that the shares pledged as collateral had been sold without the knowledge of the petitioner, resulting in the suspect’s alleged default in repaying the facilities.
Consequently, the outstanding loan and accrued interest had risen to N2,250,500,000.00 (Two Billion, Two Hundred and Fifty Million, Five Hundred Thousand Naira).

Speaking during the handover ceremony, Kaltungo stated that the recovery “represents a further step in the Commission’s efforts to ensure that funds and assets recovered in the course of its investigations are appropriately returned to legitimate owners and victims in accordance with due process.

The post EFCC Hands Over Recovered N140m to Loan Firm in Lagos appeared first on Business Today NG.

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