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Ekeh, Zinox Boss, Earmarks N1.5Billion to Support SMEs in Imo

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Emeka Ihedioha, Imo State Governor and Leo Stan Ekeh, Chairman, Zinox Group at the event.
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Chairman, Zinox Group, Leo Stan Ekeh has declared a three-year interest free loan of N1b to petty traders and small and medium businesses in Imo State.

 

Ekeh, a native of Imo State, disclosed the intervention is to reduce hardship, stimulate business activities and give hope to majority of the people in the state.

 

Further, Ekeh launched an educational support project for indigent but intelligent students of the state to enable them acquire proper university education. For this, Ekeh set up a non-interest revolving loan scheme of N500m.

 

He made this disclosure at the flag-off/groundbreaking of the construction/rehabilitation of rural roads by the Imo State Government.

 

The event, which held on Tuesday, August 27th at Ubomiri, Mbaitoli Local Government, had in attendance, the Imo State Governor, Emeka Ihedioha.

 

Also in attendance were traditional rulers and partner agencies from the World Bank and French Development Agency (AFD).

 

Indigent students will benefit from the revolving loan scheme to further and complete their education. Graduates from the scheme will also be exposed to employment opportunities.

 

Subsequently, the graduate-beneficiaries will be expected to refund the loan once they are gainfully employed at zero interest. This will ensure the sustenance of the scheme and allow others benefit from it.

 

First Class graduates will be exempted from repayment of the loans as reward for their sterling performance. Conversely, students whose grades drop to third class will be ejected from the scheme.

 

Ekeh believes that in the next 10 years, the interventions and the government’s commitment in these respects will reposition Imo state as the envy of all.

 

Additionally, the serial digital entrepreneur revealed that Imo State is being used as a model. He disclosed that if it works, the efforts will be replicated in more states in Nigeria.

 

The Zinox boss equally donated 20 laptops and a set of printers to the Imo State Government.

 

“I am very sure other well-meaning Nigerians will borrow same strategies to replicate in their communities.

 

“This is not the age of free money and bad wastages. The 21st century is the age of privileges and opportunities.

 

“Nigerians must imbibe the culture of earning a living and paying back so that others can benefit. Cash is not inexhaustible.

“What I have done is use myself as a personal collateral in addition to putting up some of my assets to a Nigerian bank to take a loan and try and bail out a percentage of my people.

 

“Indeed, if it works, the multiplier effects shall be far-reaching. If they fail me, it is a disaster but that is life.

 

“I have done same in the ICT sector in the last 15 years with over N10b and it is still working. Most successful people in the world did not receive cash from their families so how did they become globally successful?”

 

Ekeh, a global advisor to Microsoft, revealed that he has not slept in his mansion in Owerri in the past six years.

 

“Each time I visit home, I often leave depressed. This is because of the state of things and the money I have to spend to help out those in dire conditions. With these interventions, I am confident that things will take a positive turn soon,” he affirmed.

 

Ekeh has been responsible for a number of charitable works in Imo State and beyond.

 

Notably, he donated the sum of N50m to assuage the pains of victims when the Eke -Ukwu market was demolished by the administration of Rochas Okorocha.

 

Ekeh has also been involved in providing scholarships to needy students, medicare to the indigenes and regularly supporting religious institutions in the state.

 

In his speech at the event, Gov. Ihedioha expressed appreciation to Ekeh for the humanitarian and noble gesture, even as he expressed pride in the Zinox Boss.

 

“Imo State is proud to have a son like Leo Stan Ekeh. I am aware he put up some of his assets in order to raise the funds for the projects he has announced today.

 

“May God continually bless him for all that he does for humanity.  I am hopeful that other well-meaning Imo indigenes will join us to rebuild the state.”

 

Speaking at the event, Chief Victor Emeto heaped encomiums on the Zinox boss.

 

“Leo Stan Ekeh is the next to God not just in Imo State and our town Ubomiri in particular.

 

“He carries all our responsibilities from school and church building and maintenance to raising nursery schools in every church.

 

“He has an annual budget for every church in the community and does not limit it to Catholics only. Same with the education of our children and electricity. What is more disarming is his humility and quietness with which he does these things.

 

“In fact, he picks every phone call from anybody from this town, no matter how small. Any time he is home, he sits on the floor with us to discuss our problems.”

 

Also lending his voice was the oldest man in the Ubomiri community, Nze Moses Duru.

 

“Chief Leo Stan Ekeh is God-sent to Imo State. When the Eke-Ukwu market was demolished by the previous administration, he came to the rescue of the people with a huge donation.

 

“He also paid the sum of N1m to the family of the boy who lost his life. That singular action calmed tensions, otherwise Imo State may have burned.

 

“We are aware he supports other states in Nigeria. That is why we continue to pray for him and he does things without making noise.”.”

 

NzeDuru ended by disclosing that Ekeh was equally responsible for facilitating the electricity in the village.

 

 

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

Xenophobia: MTN Nigeria Belongs to Nigerians, Not Only South Africans — Toriola

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Karl Toriola, chief executive officer, MTN Nigeria, has stated that the telecom company is “a Nigerian company through and through,” emphasising that it belongs as much to Nigerians as to its global investors, with over 11 million Nigerians holding indirect stakes through pension funds.

Xenophobia: MTN Nigeria Belongs to Nigerians, Not Only South Africans — Toriola

Toriola also defended the federal government’s approval of telecom tariff adjustments, noting that the move helped prevent a financial crisis in the sector and enabled the company to ramp up capital expenditure to about N1 trillion in 2025 to improve network quality.

Speaking during an interview on Arise News, the MTN boss dismissed claims that the company is solely South African, despite its origins.

According to him, MTN Nigeria is incorporated locally, listed on the Nigerian Exchange, pays taxes in Nigeria, and is largely managed by Nigerians.

“We are labelled as a South African company because MTN Group was founded in South Africa. But the reality is that MTN Group has a very diverse global shareholding. Only about 50 percent of the shareholding is African, while the rest is held by investors from North America, Europe, the United Kingdom, the Middle East and Asia-Pacific,” he said.

Speaking further on MTN Nigeria’s identity, Toriola stressed the company’s deep roots in the Nigerian economy.

“MTN Nigeria is a Nigerian company through and through. We are domiciled in Nigeria. We are listed on the Nigerian Exchange. We pay all the taxes, duties and levies expected of us, and we are run by Nigerians.

“I am Nigerian. Apart from one executive, every member of our executive committee is Nigerian, while our entire expatriate workforce in Nigeria is just four people.

“We have over 201,000 retail investors, while about 11 million Nigerians own MTN shares indirectly through pension funds. We are very proud of our Nigerian identity,” he stated.

On the recent telecom tariff adjustment, Toriola said the increase was driven by necessity rather than profit motives, noting that operators were struggling to meet basic financial obligations before the review.

“People perceived the tariff increase as an aspiration for profitability, but the reality was that we were on our knees financially. We couldn’t even pay our month-to-month bills with the revenues we were generating. The tariff adjustment was an absolute necessity. It enabled us to stay alive,” he said.

He added that the improved revenue base has enabled MTN to scale up infrastructure investments to enhance service delivery.

“In the first quarter of this year alone, we spent N390 billion on capital expenditure, compared with a profit after tax of N359 billion. That shows our commitment to improving quality of service,” he said.

Addressing concerns over poor network quality, Toriola attributed the challenges to increasing demand, infrastructure gaps, vandalism, insecurity, and unreliable power supply.

“There are people who deliberately pour petrol into our manholes and set them on fire. A single incident can knock out services for millions of subscribers. We also face security challenges that prevent our engineers from quickly accessing some sites.

“In addition, we operate about 18,000 sites nationwide, each requiring generators, batteries, rectifiers and constant fuelling because of inadequate public electricity supply. All these affect quality of service,” he explained.

While acknowledging that service quality still needs improvement, he assured customers of continued investment.

“We are not perfect, but we are investing aggressively and continuously striving to do better,” he added.

On allegations that telecom operators deliberately deplete customers’ data, Toriola said findings often point to background data usage by smartphone applications.

“There is a perception that MTN goes and takes customers’ data, but our studies have shown repeatedly that background applications are consuming much of that data.

“I encourage customers to check their device settings. Daily automatic backups are unnecessary for many users. If possible, carry out backups over Wi-Fi instead of mobile data,” he advised.


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MTN Nigeria Celebrates Volunteers at Y’ello Care Impact Showcase

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MTN Nigeria celebrated its 2026 edition of the 25 Days of Y’ello Care employee volunteerism initiative with an impact showcase held at the MTN Rooftop, Ikoyi, on Wednesday, June 24, 2026.

MTN Nigeria Celebrates Volunteers at Y’ello Care Impact Showcase

MTN Nigeria

This year’s edition saw employees move beyond financial donations to invest their time, skills, and even their blood [donations] into underserved communities across the country.

The impact showcase served as a reflection point on weeks of intensive outreach, including the recent medical intervention at Badore Market in Ajah, where traders received free screenings for hypertension, diabetes, and other non-communicable diseases which schools benefit from and many more.

Hundreds of market women, artisans, and residents benefited from on-the-spot consultations, medications, and health education sessions led by MTN staff volunteers.

In Lagos, the initiative brought critical health and wellness resources directly to the youth at Kuramo Senior College. Volunteers led intensive health awareness campaigns and structured medical outreach programmes, equipping students with vital information on preventive care and personal well-being.

Simultaneously, the regional execution extended to the nation’s capital to support the busy transit community at Utako Motor Park in Jabi, Abuja.

This regional activation targeted transport workers and commuters with the “Know Your Numbers” campaign, providing accessible basic health screenings, general wellness education, and essential medical checkups designed to promote long-term preventive healthcare.

Setting the tone for the ceremony, Ayham Moussa, Chief Operating Officer, MTN Nigeria, praised the dedication of staff volunteers who consistently showed up across the campaign’s field activations. “From day one, we said we don’t just give money we sacrifice, we put in the effort, we go to the field, and we even give our blood.

“Not many companies are doing what we are doing today. We are one of the very few making this kind of big impact,” he said.

Building on that sentiment, Odunayo Sanya, Executive Director of the MTN Foundation, celebrated the cultural shift the initiative has triggered both inside and outside the organisation. “The greatest takeaway from Y’ello Care is that it confronts you with your privilege and helps you channel that privilege in the right direction.

“Someone told me today that she never knew MTN would do these kinds of things in the market. We are changing the narrative of what MTN means to communities,” she noted.

The impact showcase ultimately reinforced that Y’ello Care is a sustained movement embedded in MTN Nigeria’s corporate culture. With healthier markets, empowered communities, and inspired employees as visible proof of impact, the company signaled that its commitment to equitable health and social good will continue well beyond the 25 days shaping a future where business and purpose remain inseparable.

 


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Listicle: 10 Essential Meta Safety Tools Every Parent and Teen Should Know

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As teens spend more time online connecting, creating, and exploring their interests, safety needs to be built into their digital experiences.

Listicle: 10 Essential Meta Safety Tools Every Parent and Teen Should Know

To ensure safe, age-appropriate online experiences for teens, Meta has Teen Accounts to give parents more peace of mind and address their top concerns: making sure teens see age-appropriate content and don’t experience unwanted contact.

Here are 10 ways Teen Accounts are helping create safer and more positive online experiences for young people.

  1. Teen Accounts Are Private by Default: Teen Accounts automatically come with private settings enabled. This means teens must approve new followers, and people who don’t follow them cannot view or interact with their content. And with Teen Accounts teens under 16 need a parent’s permission to change any settings to be less strict.

  2. Stricter Messaging Controls Reduce Unwanted Contact: Teen Accounts are automatically placed in the strictest messaging settings, allowing messages only from people teens already follow or are connected to.

  3. Sensitive Content Is Limited Automatically: Teens are automatically enrolled in Teen Accounts and defaulted into 13+ age appropriate content settings, These settings help create a more age-appropriate experience by limiting exposure to sensitive content such as violence, graphic imagery or content promoting cosmetic procedures. Teens also won’t be able to follow, message or see accounts that regularly share age-inappropriate content, or whose profile photo, name or bio suggests the account may not be suitable for younger users.

  4. Protections Against Bullying Are Built In: Meta automatically enables its strongest anti-bullying protections for Teen Accounts. Hidden Words filters offensive language from comments and message requests, helping create a more positive experience.

  5. Tagging and Mentions Are More Controlled: To reduce unwanted interactions, teens can only be tagged or mentioned by people they already follow.

  6. Screen Time Reminders Encourage Healthier Habits: After 60 minutes of daily usage, teens receive reminders encouraging them to take a break from the app and spend time offline.

  7. Sleep Mode Supports Better Digital Wellbeing: Teen Accounts automatically switch to Sleep Mode between 10 PM and 7 AM, muting notifications and sending automatic replies to direct messages overnight.

  8. Parents Can See Who Their Teens Are Chatting With: While parents cannot read their teen’s messages, supervision tools allow them to view who their teen has messaged over the previous seven days, creating greater transparency while respecting privacy.

  9. Parents Can Set Time Limits and Usage Schedules: Parents can establish daily Instagram usage limits and block access during specific times, such as school hours, study periods, or overnight.

  10. Family Center Gives Parents Resources and Support: Meta’s Family Center brings all parental tools across Instagram, Facebook, and Messenger into one hub, so parents can manage and supervise their teen’s experiences more easily. Parents can also see the topics their teen has chosen to explore, and access expert-backed resources to help them have meaningful conversations about being online.
    Building Safer Digital Experiences Together

Teen Accounts are designed to help parents feel more confident about their teens’ online experiences while empowering young people to connect, create, and discover content in age-appropriate ways. Combined with parental supervision tools, Family Center resources, and digital literacy initiatives, Teen Accounts represent Meta’s ongoing commitment to creating safer online spaces for young people and their families.


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