Wema Bank awards N300 million to Hackaholics winners

Wema Bank (NGX: WEMABANK) awarded N300 million to 11 winning teams at the seventh edition of its Hackaholics innovation programme, held in Lagos and themed ‘Festival of the Future’. The competition attracted 5,329 participants and generated 1,632 ideas across seven pitch centres.

After a multi-stage evaluation, 59 participants were selected, with 21 finalists competing in four categories: Startup/Ideathon, Social Impact, Women-Led, and Hackathon. The overall winner, Tony Nwose, founder of Niteon, received the N60 million grand prize for his agricultural technology solution.

In the Startup/Ideathon category, Emmanuel Adeboje and David Lawani secured the first and third positions, respectively. Kabir Olaosebikan won in the Social Impact category, while Zainab Boluwatife Adeagbo topped the Women-Led category.

Kelvin Nnadi won the Hackathon category. Wema Bank’s Managing Director, Moruf Oseni, emphasized the bank's commitment to supporting entrepreneurs addressing economic challenges.