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Aboki Africa Raises Pre-Seed Funding Led By Top Investors

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Aboki Africa

Fast-growing Nigerian Fintech startup, Aboki Africa, has raised pre-seed funding led by Abdul Hassan (CEO of Mono), Niche Capital Limited, Ingressive Capital, and other strategic investors.

Aboki Africa is a service that provides foreign accounts for Africans. According to the founders, Idorenyin Obong and Femi Aghedo, it is the easiest way to send and receive international payments without restrictions.

The business currently offers British Pound (GBP) and Euro (EUR) foreign
accounts to their customers, with plans to add United States Dollar (USD)
accounts soon.

Aboki Africa Raises Pre-Seed Funding Led By Top Investors

When the company launched in June 2020, the mission was to simplify the
currency exchange process for Africans, starting at home in Nigeria.

However, it has since expanded its mission to incorporate other international
payment-related processes. “We are building TransferWise for Africa,” said
Idorenyin, one of the co-founders.

Aboki Africa now allows its growing customer base to create foreign bank
accounts and get their own IBAN as well as transfer money anywhere in the
world from their account.

Speaking on the relevance of Aboki Africa, co-founder Femi Aghedo said, “We built Aboki Africa out of necessity. I have had personal experiences with the pain points we are trying to alleviate.

“People who work and do business remotely should not have to jump through hoops to receive payments. We are fixing that.”

With the pre-seed funding, the company aims to focus on scaling its products and expand its core team to help it reach more Africans in need of their services.

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[email protected]: NewsOnline Nigeria Selected For Special Recognition

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Anambra@30: NewsOnline Nigeria Selected For Special Recognition

NewsOnline Nigeria has been selected for special recognition in the celebration of the Anambra @30 event, Crystal News reports.

The Winner’s Media Concept, the parent company of NewsOnline Nigeria has been selected among the “30 Anambra Under 35 CEOS” for special recognition in celebration of Anambra @30.

This online newspaper understands that the programme tagged “The Next Anambra” with a maiden publication, “INSPIRE ANAMBRA @30” is designed to celebrate the 30th anniversary of the new Anambra State.

The private sector driven initiative will be focusing on the deep introspection and the journey of the Anambra people so far.

According to the Coordinator, Chinedu Okafor, “INSPIRE ANAMBRA @30” is an opportunity to rewrite the narrative, the stereotyping and terribly bad press about the Anambra people.

[email protected]: NewsOnline Nigeria Selected For Special Recognition

‘It calls for projection of many positive and inspiring feats of Anambra State, her people, brands and exploits in the world of business, politics, industries, entertainment, literature, academics, medicine, law and many other areas of human endeavour.” he added.

Crystal News Nigeria reports that INSPIRE ANAMBRA @30 which is promoted by TourNigeria Communications, Anambra People Magazine, Akulueuno Foundation, Alexreports and Igbere TV will be honouring Winner’s Media Concept among other selected 29 CEOS from Anambra State for a special feature in the Anambra People Magazine among other benefits.

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How Students Over Powered Ogun State DPO, Other, Beat Them To Pulp

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Police

The Divisional Police Officer (DPO) of Obantoko Division in Adatan Area Command of Abeokuta, Ogun State, SP Alimeke Ignatius and his men have been reportedly attacked by some rampaging students of two secondary schools in the state capital.

The police officers were reportedly attacked during a fight between students of Egba Comprehensive High School and Asero High School in Asero area.

According to reports the students of the two schools had engaged themselves in a bloody clash before men of the Obantoko police station were called to arrest the situation.

It was further gathered that the students, who hauled stones and other missiles at themselves, blocked the main road, causing tension among the residents of the area.

Alimeke and some of his men who raced to the scene of the incident to maintain law and order were allegedly injured by the students.

Confirming the news to newsmen, the Police Public Relations Officer (PPRO) of the command, DSP Abimbola Oyeyemi said the students of Egba Comprehensive High School and Asero High School were engaged in a fight and the police from the Obantoko station were called to take charge of the situation.

“The DPO was hit by stones. The students were throwing stones and other objects at themselves during the fight,” Oyeyemi said.

When asked if any arrest was made, Oyeyemi retorted, “We cannot arrest the students because they are minors. We can only detain and counsel them, after which they will be released.”

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UK-based Save The Children Appoints Otedola Vice President

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Otedola

Chairman of Geregu Power Plc and renowned philanthropist, Mr Femi Otedola, has been invited by the Save the Children Fund, a United Kingdom-based aid group, to join the prestigious club of the organization’s Vice Presidents, in recognition of his philanthropic efforts to better the lives of children in Nigeria.

Crystal News reports that this was disclosed in a statement yesterday.

Save the Children stated, “Mr. Femi Otedola’s addition to the Vice Presidents group is a testament to his long-standing support to the organisation. Since 2019, Mr. Femi Otedola has supported Save the Children’s programmes on the prevention and treatment of malnutrition and on advocating for access to quality education for Nigerian children, impacting over 6,000 children in the states of Adamawa, Borno, and Katsina.

“In November 2019, Mr Otedola hosted a Gala in Abuja where he made a personal donation of N5 billion.”

The statement revealed that Save the Children had been working in Nigeria since 2001, and was currently present in 13 states of the country.

Save the Children said, “It was one of the first organisations that responded to the humanitarian crisis in the North-east, reaching 1.2 million people since the start of our response.

“Since then, Save the Children is providing food assistance and protection services to more than 320,000 internally displaced children and families on a regular basis.”

It pointed out that Otedola’s global influence and rich experience of the African continent would advance Save the Children’s efforts in building sustainable partnerships with stakeholders across Africa to create more impact for children on the continent.

Responding to the appointment, Otedola said, “I am elated to be associated with the organization. We have to save our children from all manner of challenges and deprivations. And giving to the needy, particularly children, is the greatest love of all.”

Save the Children’s Vice Presidents are a group of high-level supporters and critical friends of the organization, actively involved in advancing the work of Save the Children, through advocacy, volunteerism, introductions, and philanthropy.

Save the Children works in 120 countries around the world in both humanitarian and development settings.

It was established in the United Kingdom in 1919 to improve the lives of children through better education, health care, and economic opportunities, as well as providing emergency aid in natural disasters, war, and other conflicts.

After a century, which it celebrated in 2019, it is now a global movement made up of 29 national member organizations, which work in 120 countries.

The organization promotes policy changes to gain more rights for young people, especially by enforcing the UN Declaration of the Rights of the Child.

It assists children through coordinated emergency relief efforts, helping to protect children from the post effects of war and violence. It has a general consultative status in the United Nations Economic and Social Council.

The organization works in partnership with philanthropists, governments, the United Nations, and other non-governmental organisations (NGOs) in pursuit of its global mandate to support children and their families in crisis and to ensure children are given opportunities to learn, survive and enjoy a protective environment so that they can reach their full potential in life.

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