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Sterling Bank Deepens Commitment to Women Entrepreneurs with OneWoman Financing Dialogue

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Sterling Bank, through its women focused initiative, OneWoman, convened a powerful gathering of women entrepreneurs, development finance institutions, ecosystem leaders, and business stakeholders at the Funding Her Future Breakfast Dialogue in Lagos.

The session brought together voices from across sectors for a focused and necessary conversation on how to unlock more inclusive and effective financing pathways for women led businesses in Nigeria.

At its core, the dialogue was not just about access to capital. It was about building the right systems around women entrepreneurs. Conversations explored how financing, business readiness, ecosystem support, and institutional partnerships must come together to drive long term growth and resilience.

Speaking at the event, the Managing Director and Chief Executive Officer of Sterling Bank, Abubakar Suleiman, noted that the gathering was designed to move beyond intention and into action.

“Today is about going further. It is about turning shared belief into shared action,” he said.

In his welcome remarks, delivered on his behalf by the Chief Growth Officer, Edward Ogunmekan, Suleiman described the dialogue as a meeting point of finance, enterprise, inclusion, and sustainable economic growth.

 

From L-R: Akporee Idenedo, Divisional Head, Commercial Banking, Sterling Bank; Ezinne Nwokafor, Head, OneWoman Initiative, Sterling Bank; Thelma Luke Nwoye, Group Head, Business Finance, Sterling Bank; ‘Solape Akinpelu, CEO/Founder , HerVest; Edward Ogunmekan, Chief Growth Officer, Sterling Bank at the OneWoman Gender Lens Breakfast Dialogue held at The Wheatbaker Hotel, Ikoyi recently.

“We are honoured to host such a distinguished gathering of partners, investors, women entrepreneurs, and business leaders, all brought together by one important question. How do we expand access to meaningful finance for women-led businesses in a way that is scalable, sustainable, and commercially sound?”

He explained that the conversation reflects a long- standing conviction at Sterling that real prosperity is built by backing people, ideas, and sectors with strong potential. This belief, he noted, is what gave rise to the OneWoman initiative.

According to him, OneWoman was created to support women through three key pillars which are capital, capacity, and community.

He added that while access to finance is critical, it is only one part of the equation.

“Women-led businesses need the right support systems, the right networks, and the right ecosystem to grow with confidence and scale with resilience,” he said.

The event also featured two panel sessions with representatives from funding institutions, women focused organisations, entrepreneurs, and ecosystem partners. These conversations provided practical insights into financing opportunities available to women, while also examining the broader support systems required for sustainable growth.

Also speaking at the event, Ezinne Nwokafor, Head of the OneWoman Initiative, highlighted the urgency of addressing the financing gap facing women in Nigeria.

She noted that a significant majority of Nigerian women remain excluded from formal credit, with only a small percentage able to access structured financing. Despite improvements in financial inclusion, women continue to face systemic barriers that limit their ability to secure funding.

Nwokafor pointed out that women account for a substantial share of micro, small, and medium enterprises and contribute meaningfully to the economy, yet face a financing gap estimated at 42 billion dollars (USD) annually according to the International Finance Corporation.

She also referenced data showing that more than half of women led businesses identify access to finance as a major constraint, while rejection rates for loan applications remain significantly higher for women than for men.

According to her, these challenges are often linked to structural issues such as gaps in asset ownership, social norms, and limited access to financial data and visibility.

Despite these barriers, she emphasised that the opportunity is significant.

“Sterling’s OneWoman initiative is positioned to bridge this gap by combining financial solutions, mentorship, capacity building, and community support for women across different stages of their journey,” she said.

She added that in 2025 alone, the initiative gave out N43.9 billion loans to 2,450 female entrepreneurs, trained 6,000 of them, served about 380,000 women across three sectors of career women, women in business and freshers and their vision 2030 is to give out N500 billion loans to one million women across their three sectors.

Also speaking, Akporee Idenedo, Divisional Head of Commercial Banking, reaffirmed the bank’s commitment to addressing the concerns raised during the dialogue. He stressed that building skills and strengthening capacity will remain essential to creating a sustainable ecosystem for women entrepreneurs.

The Funding Her Future Breakfast Dialogue forms part of Sterling Bank’s broader effort to deepen its support for women through targeted financing, enterprise development, and community driven growth.

Through OneWoman, the bank continues to build platforms and solutions that empower women to grow sustainable businesses, create jobs, and contribute more meaningfully to economic progress.

 

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Delta Police Officer Detained After Viral Video Shows Extrajudicial Killing

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The Nigeria Police Force has confirmed the arrest of ASP Nuhu Usman for the extrajudicial killing of 28-year-old Mene Ogidi in Effurun, Delta State.

The incident, which occurred on Sunday sparked widespread outrage after police operatives from the Effurun Area Command responded to reports from the Benin Motor Park along the Warri–Sapele Expressway.

A viral video showed the suspect handcuffed, seated on the ground, and pleading for his life before being shot in broad daylight.

The suspect had reportedly been apprehended by members of a transport union while attempting to waybill a parcel containing a Beretta pistol and four rounds of ammunition.

Police said that while efforts were underway to take the suspect into custody, the team leader, ASP Usman, discharged his firearm in violation of regulations, resulting in the suspect’s death.

“The leadership of the Nigeria Police Force has directed the immediate transfer of the officer and his team to Force Headquarters, Abuja, where they will face the Force Disciplinary Committee for summary disciplinary measures and prosecution.

“The Inspector-General of Police extends his condolences to the family of the deceased and assures them that justice will be served in accordance with the law. He further urges members of the public to remain calm and law-abiding as the disciplinary and legal processes take their course,” the statement read.

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Lagos 2027: GAC Endorses Deputy Governor Hamzat As APC Consensus Candidate

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The Governance Advisory Council (GAC), the highest decision-making body of the All Progressives Congress (APC) in Lagos State has officially adopted Deputy Governor Dr. Kadri Obafemi Hamzat as the consensus candidate for the 2027 governorship election.

On Monday, Lagos State Governor Babajide Sanwo-Olu has expressed his support for the bid by his Deputy, Dr. Obafemi Hamzat, to succeed him.

Sanwo-Olu and leader of GAC, Prince Tajudeen Olusi, announced the adoption on Tuesday, after a closed door strategic meeting, held at Lagos House, Marina.

Meanwhile, the duo also announced that the 34 member -GAC has also agreed to purchase the Governorship Nomination Form, costing N50 milion for Hamzat as a sign of full support for his bid.

The council however, clarified that despite the consensus the party will still conduct primaries for all positions on line with the party’s guidelines inorder to provide a level playing field for all aspirants.

23 out of the 34 GAC members were in attendance, which include: Senator Tokunbo Abiru, Ganiyu Olawale Solomon, GOS, Senator Musiliu Obanikoro, Cardinal James Odunmbaku, among others.

Recall that the Governor, and his cabinet members who had earlier on Monday, received Hamzat and members of GAC in consultation visit, openly threw weight behind the Deputy Governor’s aspiration to run for governor.

The consultation meeting came immediately after the State’s Executive Council meeting attended the State House in Marina, where members of the cabinet and APC leaders in Lagos Central joined the Governor to receive Hamzat’s entourage.

The Governor and his Deputy shared an emotional moment, reflecting on their political journey over the past seven years and how their paths had crossed early during their public service experience under the tutelage of President Bola Tinubu.

Sanwo-Olu recalled that he and Dr. Hamzat used to sit next to each other in ex-Governor Babatunde Fashola’s cabinet, recollecting that no cabinet memo would scale through without their input and two others sitting in their row.

The Governor said: “Mr. Deputy Governor has created a personal relationship with me since way back before we’re joined together on a ticket. His family and my family have been close; our relationship was built on mutual respect, trust and dignity.”

Sanwo-Olu said when he picked his governorship eight years ago, he never severed his relationship with Dr. Hamzat, who picked his own governorship form two days earlier.

The Governor recalled how both of them forged a merger and ran on a joint ticket. After their 2019 electoral victory, Sanwo-Olu famously said Lagosians were getting price of two for one, referring to his Deputy as a potential Governor.

He continued: “A lot of Governors always look for weak Deputies, but that was not for me. From Day One in my governorship journey, I wanted the best partner to join the journey to build Greater Lagos. There was no meeting I could have attended that Mr. Deputy Governor is not fit and proper to attend.

“He possesses the skills, temperament and temerity to attend. Some of my Governor colleagues privately confided in me, saying ‘your Deputy is highly intelligent’ after noticing the intellectual skills Dr. Hamzat brought to discussions at NGF level.

“For this, we will continue to be indebted to our leader and father, Mr. President, the man who God continues to use to shape the political trajectory and destiny of Lagos.

“People said we have turned Lagos to irreversible construction site since Asiwaju’s era. If a competent man like Dr. Hamzat comes in, he will hit the ground running immediately.

“We are not going to hand over Lagos to charlatans who are coming to test their luck. Dr. Hamzat is tried and tested; he knows every nook and cranny of Lagos. Mr Deputy is the best man for the job.”

The experience and knowledge Hamzat garnered deputising Gov. Sanwo-Olu in the last seven years could not be quantified, thanking the Governor for allowing him to function in Deputy Governor position as a partner.

Responding, Dr. Hamzat said: “By some stroke of coincidence, it was (Governor) Sanwo-Olu who took me round the Ministries when I was first appointed as Commissioner in 2005 by our father and leader, President Tinubu, who was then the Governor of Lagos State.

“I had never met Governor Sanwo-Olu before my appointment into the Government. I never knew our relationship would grow to this extent.”

“Most people refer to Deputy Governors as spare tyres. Deputising Governor Sanwo-Olu in the last seven years, I have never felt or been treated as a spare tyre.

“The Governor did well in carrying me along as a partner on this journey to build Greater Lagos. The Governor passionately loves Lagos and always fights for the State at every level, to the extent that other Governors are jealous of Lagos.

“Lagos is very important to the well-being of our country. God forbid, if anything happens to Lagos, this country will collapse. We must not allow Lagos to be drawn back from the progressive path it has been taken.

“Mr. Governor has worked assiduously to ensure that Lagos continues to progress. Therefore, the progress needs to be sustained.

“One of the things that has fundamentally stabilized the growth of Lagos is the rancour-free succession process adopted by our progressive party.

“As Lagosians, we must be ready to fight any battle and endure any hardship to protect this State from people who don’t mean well. This is my pledge to our leaders and party faithful.”

 

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Lagos 2027: Faleke Secures N50m APC Governorship Forms For Hamzat

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The lawmaker representing Ikeja Federal Constituency, James Faleke, has picked up the All Progressives Congress (APC) Expression of Interest and Nomination forms for Dr. Kadri Obafemi Hamzat, the Deputy Governor of Lagos State for the 2027 governorship election.

The form was presented to Faleke by the party’s National Organising Secretary, Sulaiman Argungu, following the payment of N50 million for both the nomination and the expression-of-interest forms.

Faleke, founder of the Tinubu Support Group, had also picked up the nomination forms on behalf of President Bola Ahmed Tinubu, in what party officials described as part of the early mobilisation for the president’s re-election bid.

Details shortly…

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