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Zinox Oils Machine for Launch of iPower Plus, Smart Power Solution

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Leo-Stan Ekeh, founder, Zinox Group
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Zinox Group, Africa’s one-stop-shop ICT company and intelligent solutions provider is set to release iPower Plus into the Nigerian market to dictate and manage the deficiencies in most electrical wirings.

iPower Plus is a product of five years of extensive research  into reliable, efficient and robust smart power solution for Nigerian homes and offices by Zinox and her international smart power partners.

The revolutionary solution will be launched on October 20, according to Lekan Faola, head of Power Solutions of Zinox Technologies.

Faola said that iPower Plus’ customized power engine has taken over 18 months of continuous study and statistical analysis of power  parameters generated from monitoring of the power conditions in different homes and offices throughout all the six geo- political regions of Nigeria,

He said that the company applied the same to achieve a clean, reliable, pure sine wave and stable smart power system suitable for the regions.

According to him,  Zinox iPower Plus power Solution is backed up by a minimum of 12months  ‘no-story’  warranty.

He further stated that the cost effective iPower Plus has the capacity to dictate and manage the deficiencies in most electrical wirings through its built in auto voltage filtering and stabilization system which also optimizes electrical wiring network and maintain proper load balance within the network.

He said the initial release will be 1 – 10KVA  solutions and that by the end of April 2015, Zinox shall launch the Ultimate iPower Plus (20 – 100KVA) series.

Zinox is  also set to launch a 24 hours online technical audio visual support center on same day to provide total support to all our customers no matter the time of the day or night.

“We have certified smart power Engineers and Technicians in every state to install, commission and support iPower Plus.
 
We also provide free consultations relative to efficient load balancing for new constructions to reduce or eliminate dirty power due to wrong electrical systems deployments, this will help reduce cost due to power losses and improve power efficiency for the beneficiaries and enable smart people live well”  Faola added
 
Speaking further, Faola emphasized that Zinox was setup as a public trust with Mr. Leostan Ekeh as the chairman and in line with Zinox Strategic vision, “we are determined to reduce the cost of living in Nigeria through provision of efficient and inexpensive power solutions at homes and offices.  A budget driven iPower plus solution will power your lights, TVs, Fans, Refrigerator, and airconditioners for between 12 -24hours, longer backup than any other inverter in the market”

“I am sure a lot of people don’t know that Zinox has powered more facilities Nationwide with our Power solutions than any other company in this country in the last 4years. With over 1,700 facilities powered, we have worked with partners both in government and major private sectors players “. Faola said.


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Experts Urge MSMEs to Build Strong Partnerships in Solving Problems,

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For a business to remain strong and relevant, experts have urged entrepreneurs to engage in solving problems in the Micro, Small, Medium Enterprises (MSMEs) space and build strong partnerships.

The experts stated at the United Bank for Africa (UBA) Business Series with the theme, “Stronger Together: Building Powerful Business Partnerships for Progress.”

Four seasoned business owners including: Beauty Entrepreneur, Dabota Lawson; Real Estate Mogul and Entrepreneur, Wale Ayilara; Journalist and TV producer Peace Hyde and Fashion Entrepreneur, Mai Atafo, encouraged participants to solve problems, invent in products & service and, create value to remain stronger in business and thrive amid competitive business environment.

Ayilara expressed that an entrepreneur must be able to solve problems and build a strong partnership in order to remain relevant in a challenging business environment.

He stressed further that there are a lot of business opportunities in Nigeria and questioned where consumers money is directed into.

Lawson said the inability to find a suitable sensitive skincare that matches her skin tone forced her to start her company.

On her part, Hyde stated that she ventures into media on the backdrop of telling Africa’s stories to international audiences.

Atafo said passion made him venture into fashion, maintaining that being an entrepreneur in Nigeria is tough work.

Speaking earlier, UBA’s Group Head, Retail and Digital Banking, Shamsideen Fashola, highlighted the critical role of partnerships in today’s dynamic business environment.

“In an increasingly interconnected world, the power of collaboration cannot be overstated. At UBA, we recognise that collaboration is the cornerstone of sustainable business success.

“The ‘Stronger Together’ Business Series is designed to inspire entrepreneurs and corporate leaders to forge meaningful alliances that drive progress, unlock opportunities, and contribute to Africa’s economic transformation,” Shamsideen said.


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FirstBank, NLNG, Shell back QEDNG Creative Powerhouse Summit

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Nigeria’s leading commercial bank, First Bank of Nigeria, has joined forces with Mighty Media Plus Network Limited for the maiden edition of the QEDNG Creative Powerhouse Summit.

Also supporting the event are Nigeria LNG (NLNG) and Shell Nigeria, two major players in the country’s energy and development sectors.

Chief Executive Officer of Mighty Media Plus Network Limited, Olumide Iyanda, announced the partnerships in a statement on Monday.

Mr Iyanda described FirstBank’s involvement as a strong statement of the bank’s belief in the power of Nigeria’s creative sector.

“FirstBank’s support is a reaffirmation of its long-standing commitment to promoting the creative economy,” he said. “Through First@arts, the bank has become a reliable partner to talents, institutions, and organisations working to grow Nigeria’s cultural assets.”

First@arts is FirstBank’s platform for supporting the arts. It provides financing, advisory services, and exposure for creatives across the value chain. The bank has backed major cultural events and partnered with institutions such as British Council, Duke of Shomolu Productions, Live Theatre Lagos, Freedom Park and Terra Kulture.

Among the projects FirstBank has supported are The Headies Awards, Lagos International Theatre Festival, The Oxymoron of Kenny Blaq, Kurunmi, Eni Ogun, and Oke Langbodo.

Iyanda also praised NLNG for its role in promoting excellence in literature and science through The Nigeria Prize for Literature, The Nigeria Prize for Science, and The Nigeria Prize for Literary Criticism.

“NLNG has shown leadership by rewarding creativity and innovation in ways that impact both the literary and scientific communities,” he said.

The prizes, worth up to USD100,000, are among the most prestigious on the continent. They celebrate Nigerian authors, critics, and scientists whose work makes a real difference.

Shell’s support for the summit reflects its ongoing commitment to education and social development. The company focuses on sustainable, community-driven educational projects, ranging from scholarships to infrastructure development and ICT donations.

“Shell’s belief in education as a foundation for long-term progress aligns with our vision for the summit,” Iyanda added.

He further noted that more sponsors will be unveiled in the coming weeks.

The QEDNG Creative Powerhouse Summit, themed “Financing as Catalyst for a Thriving Creative Economy,” will take place on Tuesday, August 12, 2025, at 10:00 a.m. The venue is the prestigious Radisson Blu Hotel, Isaac John Street, Ikeja GRA, Lagos.

The summit will bring together creatives, investors, policymakers, and business leaders to explore solutions to the funding challenges facing Nigeria’s creative industries.


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EFCC: Accusations Against Our Chairman Are Baseless and Misleading

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Economic and Financial Crimes Commission (EFCC) has strongly denied allegations of lack of integrity and transparency directed at its chairman, Ola Olukoyede, by columnist Steve Osuji.

In a statement issued by Dele Oyewale, spokesperson, EFCC. the commission described the claims as “worrisome and unjustifiable,” particularly criticizing the personal attacks on Olukoyede.

“More worrisome was his attack on Olukoyede for no justifiable reason. Allegations of lack of transparency, accountability and integrity deficit are wild and clearly off the mark,” Oyewale said.

He questioned the basis for the allegations and defended Olukoyede’s leadership since taking office.

“The question is: in what way has Olukoyede fallen short? Is it by insisting that the right things should always be done? By moving the nation’s anti-graft war forward radically and unprecedentedly?

“By bringing forth a preventive framework to tackle corruption and reaping bountiful gains for the nation?

“By recovering the globally-acclaimed 753 duplexes and other apartments, which are proceeds of fraudulent dealings for the nation?

“By launching the EFCC into a global map of accomplished anti-graft agencies? By handling 50,000 case files in one year?

“By embarking on a courageous internal cleansing system and other progressive initiatives to deepen and strengthen the anti-corruption fight?

“It is cowardly and uncharitable for any columnist to hide under vague and opaque cover to splash mud on Ola Olukoyede, arguably one of the finest breed of anti-graft czars around the world.”

Olukoyede, through the statement, reaffirmed that the EFCC has consistently submitted its annual reports to the National Assembly as required by law.

“Equally preposterous are claims of re-looting of assets by officers of the Commission. For the purpose of clarification, the Commission does not recover monetary assets into its covers and the non-monetary assets that are recovered are disposed of following clear pronouncements by court and proceeds paid into the Confiscated and Forfeited Properties Account account in the Central Bank in line with provisions of the Proceeds of Crime (Recovery and Management) Act, 2022.

“The EFCC does not operate in secrecy. All its operations are regularly communicated to the public, including public auction of assets. To deliberately cast the Commission in the mould of fraudulent engagements or criminality is not only mischievous but also untenable,” the statement concluded.


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