Broadcasting
A case of Plantain, Passion, Paranoia in Dragon’s DenÂ
The last entrepreneur on episode 10 of Dragons Den Nigeria, Philomena Izuka came seeking 1.5 million naira in exchange for 30% equity in her fast food business -House of Plantain. Her idea was to repackage the popular roasted plantain, bolle.
She had conducted a survey on the business venture and proved to the dragons that she was ready to hit it off. Awosika was impressed with the entrepreneur’s passion and with Tejuoso, jointly offered her 1.5 million naira to commence business to her delight.
Tony Eboh, the first entrepreneur came to pitch the idea of an elite sports bar which would create an atmosphere where soccer fans could meet, network, and discuss soccer. He was seeking 30 million naira and offering 60% equity.
Chris Parkes made an investment of 10 million naira, requesting for 25% equity despite earlier reservations about the membership fees. But the entrepreneur was still 20 million naira short, and without having been able to convince the other dragons to come onboard he lost out.
The second entrepreneur was Teslim Owonikoko, a scientist and inventor who came seeking 26 million naira in exchange for 5% equity. Proudly announcing himself as the recipient of the Best Inventor in Nigeria award from the Federal Ministry of Science and Technology, he went on and on describing the chemical components of a bouquet of inventions and products he had assembled in the den.
He was not able to communicate his demands or needs effectively to the dragons, and this development seemed very numbing and unwholesome to the dragons. In the end, he seemed to have annoyed and frustrated the dragons and they all opted out of his proposition but not without words of advice from Awosika on the basic principles of business presentations. With an ICT-based business idea geared towards servicing small businesses in Nigeria, Olumefu Toyin, the third entrepreneur came to the den seeking 2 million naira in exchange for 30% equity. His idea was to partner with large software manufacturers as a reseller of their products, then resell these products to small business for a commission.
He did not get a deal however, owing to the fact that he had made a poor presentation of not only himself by his dressing but the business idea he had come to pitch.
The fourth entrepreneur, George Hefzibar, an "innovative livestock entrepreneur" was next in the den and came seeking 4.5 million naira in exchange for 30% equity in his snail farm.
The dragons discovered that he had designed innovative snail-farming equipment for the racking and shelving of snails and felt it would be a more viable business than the proposed expansion of the snail farm and promptly advised him to get a patent for his "racks system" and produce the racks for commercial purposes.
George indicated no interest in taking the racks system to another level and the dragons of course, opted out with the feeling that he was just passionate about his business, but lacked the smarts to identify a viable business opportunity.
The fifth entrepreneur, Richard Usman, another ICT specialist came looking for 16 million naira in exchange for 30% equity in a business of marketing automatic integrated home systems which would allow for doors, curtains, and electrical appliances to be activated and controlled by the human voice.
But the dragons were not fully convinced about the technology, feeling it needed to be investigated more, and the absence of a prototype did not help matters at all. They all opted out.
The sixth entrepreneur, Steven Obioma Akidi – a catfish farmer from Umahia came looking for 12 million naira to expand his business. He based his pitch on his desire to improve productivity in his farm and was going to acquire 6 plots of land – stocking 60,000 cat fish juveniles, improving their weight to 1kg in six months, with a guaranteed production of 48, 000 kg of catfish in 6 months.
The dragons however, opted out here because he has not been able to plough back into his business, profit made from earlier ventures.
Broadcasting
NELFUND Investigates 34 Universities Over Students’ Missing Tuition Refunds

Nigerian Education Loan Fund (NELFUND) says it is investigating about 34 tertiary institutions over allegations that they failed to refund students whose tuition fees were paid twice under the Federal Government’s student loan scheme.

The Managing Director of NELFUND, Mr Akintunde Sawyerr, disclosed this during an interview on Arise Television.
Sawyerr said the agency had deployed a five-member investigative team, including operatives of the Economic and Financial Crimes Commission (EFCC) and internal auditors, to examine the allegations.
According to him, the investigation was prompted by numerous complaints received from affected students.
“As of right now, there are 34 institutions that we are looking at closely with respect to this issue,” he said.
Sawyerr explained that the double payment issue arose because President Bola Tinubu directed that the student loan scheme commence in the middle of an academic session instead of at the beginning.
He said the decision compelled many students to pay their tuition fees to meet registration deadlines while awaiting approval of their loan applications.
“What happened is that a lot of schools got double payment; some from the students and some from us,” he said.
“The refund process is entirely out of our hands. It is the recipient of the double payments that is obliged to make refunds to the students.”
The NELFUND boss noted that many students had borrowed money from family members, friends and other sources to pay their tuition with the expectation of receiving refunds once the loans were disbursed.
He said while some institutions had promptly refunded affected students, others had failed to do so.
“Some have been very good at this. Others haven’t been so good at it,” Sawyerr said.
“I reserve judgement on the intentionality around it because, for some of them, they just didn’t have the process to make refunds.”
Sawyerr disclosed that NELFUND was exploring a tokenised payment system that would enable students to authorise tuition payments directly to their institutions, thereby reducing the likelihood of duplicate payments.
He said the agency deliberately chose not to disburse tuition loans directly to students to minimise the risk of fund diversion.
“Paying the funds to the students could really lead to the temptation for them to divert and do other things,” he said.
The managing director, however, acknowledged that NELFUND lacked the statutory powers to compel institutions to refund students or prosecute officials found culpable.
He added that many frustrated students had submitted complaints not only to NELFUND but also to anti-corruption agencies, including the EFCC and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
Sawyerr also expressed concern over increases in tuition fees by some institutions following the introduction of the student loan scheme.
He said NELFUND had declined to pay institutions that increased their tuition fees beyond acceptable levels.
“Some schools, because they get paid easily, started to put up their fees. We refused, point blank, to pay institutions who had hiked their fees beyond a certain level,” he said.
He reaffirmed the agency’s commitment to investigating every reported irregularity and strengthening the implementation of the student loan programme through continuous monitoring and internal reviews.
Broadcasting
Obi, NDC Presidential Candidate Faces N50Bn Defamation Claim over Alleged Podcast Remark

Abayomi Arabambi, national vice chairman (South-West) of the Labour Party, has demanded a public apology, a retraction, and N50 billion in damages from Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC), over an alleged defamatory statement made during a podcast interview.

The demand was contained in a letter issued by the law firm Neplus Ultra Attorneys and signed by Anderson U. Asemota, Peter O. Asimegbe, and Stanley C. Eziefulle on behalf of Arabambi.
According to the letter, the legal dispute arose from comments allegedly made by Obi during the interview, where he reportedly stated that Arabambi “does not have an address.”
Arabambi’s legal team described the statement as false, malicious, and defamatory, arguing that it portrayed their client as a faceless individual without legitimacy, credibility, or standing in public life.
The lawyers further claimed that the interview was widely circulated on television stations and digital platforms, exposing Arabambi to public ridicule and damaging his reputation.
“Our client has had a known residential and business address, maintains professional and political affiliations within Nigeria, and has never been a person whose whereabouts or identity were unknown,” the letter stated.
The legal team maintained that the alleged publication caused embarrassment and harmed Arabambi’s public image and political standing.
As part of their demands, the lawyers called for an unreserved public apology to be aired on national television, published on Obi’s verified social media platforms, and carried as full-page apologies in national newspapers.
They also demanded the payment of N50 billion as compensation for the alleged injury to Arabambi’s reputation, dignity, political standing, and public image.
Broadcasting
Why We’re Partnering With NIHOTOUR To Bring Nigerians In South Africa Home – Steve Babaeko

When Nigerians began arriving back home on emergency flights following an ultimatum from anti-migrant groups in South Africa, Steve Babaeko, alongside The Nigerian Institute of Hospitality and Tourism (NIHOTOUR), saw an opportunity to step up for his fellow citizens.

Steve Babaeko
The CEO of X3M Ideas explains that he saw a deep obligation, one that had nothing to do with advertising and everything to do with hospitality. For Babaeko, it was a reminder that an agency owes a duty of care to the community it exists within.
That conviction shaped the creative agency’s partnership with the Nigerian Institute of Hospitality and Tourism (NIHOTOUR) for the newly launched ‘Welcome Home’ pilot programme at Murtala Muhammed International Airport (MMIA) in Lagos. Rather than simply crafting a messaging campaign around the crisis, X3M Ideas helped design a tangible, physical system.
“This wasn’t built as a campaign about a crisis,” Babaeko said. “It was a hospitality agency deciding what it owes its own citizens the moment they land.”
For Babaeko, what X3M has built is infrastructure, something returnees can physically walk through, use, and benefit from the instant they clear the arrival gate.
With the MMIA pilot now officially running, NIHOTOUR directs returnees to immediate support services and issues them a Returnee Card. This card grants individuals a free first night at partner hotels, immediate transport assistance from the airport, and fast-tracked business registration support.
Furthermore, the initiative features a dedicated Restart Desk to assist returnee entrepreneurs and tradespeople with job placement referrals and business registration. This operates alongside a public Homecoming counter that tracks the cumulative number of returnees welcomed, businesses restarted, and jobs facilitated.
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