Leo Stan Foundation Taps Emelonye as DG, to Manage N1.5Bn Revolving Loan Project

LEO Stan Ekeh, chairman, Leo Stan Ekeh Foundation (LSF), has appointed Engr. Amasike Emelonye as director general (DG) to head a team set up to manage the N1.5bn revolving loan scheme for entrepreneurs and indigent students in Imo State.

Ekeh had announced a three-year revolving interest free loan of N1b over the next 10 years to petty traders and small and medium businesses in Imo State on August 28, 2019. The intervention, he revealed, is to

reduce hardship, stimulate business activities and give hope to majority of the people in the state.

Further, Ekeh launched an educational support project for indigent but intelligent students of the state to enable them acquire proper university education.

For this, Ekeh set up a non-interest revolving loan scheme of N500m which shall stretch over the next 10 years to help others benefit from the scheme.

Emelonye, a first class British trained technology guru was the pioneer managing director of Zinox Technologies, one of the companies founded by Ekeh. Educated in the United Kingdom with multiple degrees and professional certifications, Emelonye is a thoroughbred ICT professional.

He led the Zinox team that designed the INEC electronic voter register system and co-developed the INEC SmartCard Reader and PVC system, amongst several other notable national and state projects.

A renewable energy and biometric solutions consultant to several Agencies, Emelonye is a tech guru who has led major ICT infrastructural developments.

He hails from Ideato South Local Government of Imo State and is happily married with a lovely wife and two brilliant children.

Ekeh disclosed that Emelonye was appointed based on his solid pedigree.

Furthermore, he affirmed that the platform for the N1.5bn loan scheme will be digitally-driven and with less human interface to avoid manipulations and compromises.

As a result, Emelonye’s industry experience will come in handy. In addition, he informed that other members of the management team will be unveiled soon.

Ekeh, who was reluctant to go further, when asked, disclosed that he is a product of a trust economy.