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Jessica Hope Advises Nigerian Startups ‘Focus On One Thing You’re Good At’

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Jessica Hope, Founder, Winbart
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The Nigerian tech ecosystem is getting more interesting by the day, with local and international tech experts, exploring ways of staying relevant in the industry.

I recently came across Jessica Hope, Founder, Winbart, who has spent the better part of the last 5 years, working with emerging Startups, such as Iroko TV, Konga and a few others. Our discussion centered on her thoughts on ways to position the African tech Startups on the international scene.

Jessica is of the view that, most tech Startups should have mainly, one narrative. The idea, she stated, is to be basically known for one thing as a Startup, seeking to brand out. “Be known for one thing. Do it really well and then, you can produce narratives that can meet your other products after that”, she advised.

On the things she will ask a Startup coming to pitch to her, Jessica stated that she will ask questions as to what impact the Startup will be making, how much money the Startup has raised or looking to raise, what the size of his Startup is, etc.

She is of the opinion that, you have to be able, as a Startup, to explain, and show what makes you stand out from the rest of the crowd, to make any headway, when seeking to raise funds from third parties for your Startup.

Speaking on her experience, working in the Nigerian tech ecosystem, Jessica stated that, working in Lagos has always been busy and interesting for her.

She observed that the influence of the Nigerian Startups that she has been working with has increased on the international scene over the past 5 years, as they are now sought after on the international arena, compared to what obtained 5 years ago. She stated that, this is because, these Startups have raised more money, which has increased their prevalence in terms of News worthiness for journalists.

Jessica stated that, one of the things she loves about working with Startups is the energy put in by the Founders and Co-Founders.

“I think the energy of the Founders and Co-Founders is amazing and I think it’s the fact that they’re able to overcome challenges”, she observed.

She added that, commencing as a Startup in Nigeria is not easy, as the Startups do not have the kind of safety nets that are available in the the western world, in terms of grants and government support, etc.

“I think that people who don’t have really great energy and are not really 110% their products, would not only fail in PR because they can’t sell their story, but they will do so when interacting with Venture Capitalists, when trying to raise funds”, she observed.

Jessica is of the opinion that, government support for Startups, in terms of  money and policy, are very important for the growth of the Startups in Nigeria. She stated that Startups in Nigeria really struggle to space, with most having to pay 2 years rent upfront to rent a space to work from and money is not easy to come by, especially, where bank loans are quite expensive for Startups.

She stated that, luckily for Nigerian Startups, more and more accelerators and incubators are popping up in Lagos, Abuja and Kaduna, to provide space for some of these Startups, but in her opinion, more still needs to be done in this regards of providing affordable space for the Startups to work from.

On how to encourage more women to embrace the tech industry, Jessica stated that, luckily, the tech industry is one that does not require one to have an Ivy league education, but only interest is key. All that is needed, she stated, is for you to on the internet, learn to, maybe code, etc, so, women have equal opportunities to grow in the tech space like men.

Jessica gave reasons why a Startup will need PR and one of them is PR for sales, as people need to know about your product, so, they can buy it. Another is PR to attract talents to work in Startups. PR, she stated, gives the required validation for people to have confidence in these Startups.

Jessica advised Startups to go by the following trips to position themselves for the market:- Make sure you understand who your competitors are and figure out the ways in which you are different from them; have a really strong narrative, a really strong brand and make sure that you know how to articulate that clearly and start speaking to people in the ecosystem that you’re dealing with, who can help you to project your products.

 


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EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

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Economic and Financial Crimes Commission (EFCC), has detained Tunde Ayeni, former chairman of defunct Skye Bank Plc, for alleged fraud involving N36.5 billion and $30 million.

EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

Tunde Ayeni, former chairman of defunct Skye Bank Plc,

This follows the probe of alleged diversion of N36.5 billion and $30 million secured as loans from Polaris Bank Plc through companies linked to Ayeni.

He was arrested by EFCC operatives in Abuja on April 23, 2026, and is still been held in custody as at the time of filling the report.

Dele Oyewale, spokesperson, EFCC, confirmed the arrest on Friday but declined to provide further details.

Ayeni is under investigation for diverting funds obtained for marine security, electricity distribution, and real estate projects into other unknown projects.

Investigators allege the loans were instead channelled into telecom investments tied to NITEL/MTEL assets via a NATCOM account.

About 12 firms believed to be connected to Ayeni are also under investigation for their role in securing the loans.

The EFCC is expected to file charges once the investigation is concluded.


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Summit Factory Opens in Ogun, Targets Hygiene Market Expansion

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L-r: Sadiq Ali, General Manager, Summit Household Solutions Limited; Oba Abdulakeem Odunaro, Onikotun of Otun, Ota; Hon. Wasiu Adewale Lawal (FCA), Executive Chairman of Ado-Odo/Ota LGA; Mr Kehinde Akintomide, Permanent Secretary, Ministry of Commerce, Trade and Investment, Ogun State; and Mojeed Maaradesa, Manufacturing Manager, during the commissioning of the ultra-modern factory by Summit Household Solutions Limited in Ota on Thursday.
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Summit Household Solutions Limited has opened its ultra-modern manufacturing facility in Ota, Ogun State, as part of its efforts to scale production of home and personal care products in Nigeria.

The plant, which started operations in April 2025, produces items such as dishwashing liquids, handwash, sanitisers and multipurpose liquid soaps, with an annual capacity estimated at 7,000 tonnes.

Commissioning the facility on behalf of Governor Dapo Abiodun, the Permanent Secretary, Ministry of Commerce, Trade and Investment, Mr Kehinde Akintomide, said the investment reflects growing confidence in Ogun State’s business environment.

He noted that the state hosts over 6,000 manufacturing firms and described the development as consistent with ongoing efforts to promote industrialisation, attract investment and reduce reliance on imports under the Federal Government’s Renewed Hope initiative.

Akintomide disclosed that the factory has already employed more than 50 Nigerians, with projections to exceed 250 jobs as operations expand.

In his remarks, the General Manager of the company, Mr Sadiq Ali, said the facility represents a major step in Summit’s growth plans, adding that its flagship brand, 2Sure, currently leads production at the plant.

He also revealed that the company is preparing to introduce new home and personal care products later this year.

Summit Household Solutions manufactures the 2Sure brand and has expanded into the personal care segment with Lewar, a premium beauty soap line positioned for quality and affordability.

Among dignitaries present were the Onikotun of Otun, Ota, Oba Abdulakeem Odunaro, representing the Olota of Ota, Prof. Adeyemi Abdulkabir Obalanlege; the Agba Akin of Ota, Chief Dada Olusola; Director of Investment, Ms Yemisi Folarin; Director of Industrial Promotion, Mr Femi Adeboye; former Managing Director of 7Up Bottling Company, Mr Ziad Maalouf; and the Chief Executive Officer of OmniRetail, Mr Deepanker Rustagi.

Speaking at the event, Maalouf, who conceived the 2Sure brand during his time at 7Up Bottling Company, expressed satisfaction with its growth and commended Summit Solutions Limited for advancing the brand.

The special guests were conducted around the facility, and the programme was concluded with a luncheon.

 


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US Freezes $344m in Crypto Linked to Iran in Major Crackdown

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The administration of Donald Trump has frozen $344 million in cryptocurrency allegedly linked to Iran, marking a sharp escalation in financial pressure on Tehran.

US Freezes $344m in Crypto Linked to Iran in Major Crackdown

The move comes amid stalled diplomatic efforts and a fragile ceasefire in the region.

U.S. Treasury Secretary Scott Bessent confirmed that authorities are sanctioning multiple crypto wallets tied to Iran. “We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he said.

Tether, which facilitated the transactions, said it worked with U.S. authorities to freeze the funds across two wallet addresses after receiving intelligence linked to unlawful activity.

A U.S. official said blockchain analysis revealed “material links” to the Iranian regime, including transactions routed through intermediary addresses connected to wallets associated with the Central Bank of Iran.

Responding to the development, Tether CEO Paolo Ardoino said the company does not tolerate illicit use of its stablecoin. “USD₮ is not a safe haven for illegal activity. When there is credible linkage to sanctioned entities or criminal networks, we act immediately,” he stated.

The crackdown underscores the growing reliance of sanctioned states on digital assets to bypass traditional banking restrictions. Data from Chainalysis shows Iran’s cryptocurrency holdings reached $7.8 billion in 2025, with the Islamic Revolutionary Guard Corps reportedly controlling about half.

Analysts say while the freeze is significant, Iran has historically adapted to sanctions. Daniel Tannebaum of the Atlantic Council noted that targeting third-party actors enabling such transactions may be key to increasing pressure.


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