Afrinvest CEO recalls how Elumelu’s $1 million loan helped salvage firm from crisis
The multisectoral magnate, who is the top shareholder of United Bank for Africa, the Transcorp Group, and Seplat Energy, granted a soft loan of $1 million to Ike Chioke, the CEO of the financial institution, as a mark of urgent support when the firm direly needed the cash to recapitalise, the latter...
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Verified on Nov 05, 2026