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Exemplars of Greatness: Ayo Megbope, The Story of Resilience!
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By Tolulope A. Adegoke
“Rock bottom became the solid foundation on which I rebuilt my life.” – J.K Rowling
Success can sometimes be found in the most unexpected places. It could lurk in the most despised or detested occupations, making it only discoverable by those who have the determination to ignore all the pain and shame that come with the process, and remain focused till they strike gold. This type of success inspires hope in people who run odd businesses or side-hustles and feel they are only spinning in circles, with no hope of real success to eventually come their way. This is why the zero-to-HERO story of Ayo Megbope, a moi-moi (bean cake) seller, who hustled against all odds to eventually grow a successful business with a turnover of over $100,000 a year, is worth exploring!
Megbope was a trained confidential secretary, who worked at Corona Schools, in Lagos, Nigeria, for nine years. After working with Corona for so long, she decided to quit her job to start a playgroup. To achieve this, Megbope signed up for a six-month Montessori programme. However, by the end of the programme, she had lost total interest and was no longer motivated to run a play group, because according to her, it was no longer exciting.
Now without anything to do, Megbope started cooking for her sister-in-law – who ran a restaurant – so she could keep herself busy. She would make all kinds of meals, including soups, stew, and a lot more. Then one day, her sister-in-law visited her, and met her family having a meal of. Megbope had prepared this meal from the last 1,000 naira (roughly $3) that the family had. The sister-in-law was invited to the dinner and she found the moi-moi so tasty that she asked Megbope to start preparing it for her too at her restaurant. Before long, her sister-in-law’s friends and colleagues started placing orders for the moi-moi from Megbope.
Within three months of selling moi-moi to family and friends, Megbope’s monthly turnover was already between 30,000 to 40,000 naira. At this point, she realised she was on to something and had to maximise her profit margins, since the best way to run any business would be to have high turnover. However, finding a place to grow the trade proved to be a bit difficult. After much effort without success, she decided to try her former place of work (the school), to see if she could sell some of her delicacy there.
In an interview she granted to a newspaper, Megbope said; “I would show up in my rickety Peugeot car, with wraps of moi-moi in a cooler. I would stand at the school gate, and begin to call each parent by their first name or their children’s names, and attempt to sell them moi-moi. They were used to seeing me in skirt or trouser suits, but were now seeing me in Ankara outfits. It was a humbling experience. They were like, ‘sebi we told you not to leave Corona but you did, see what you are selling now, moi-moi; this is bad’…but I sold still.”
As she persisted, the people gradually began to patronise her. After confirming that she was a good cook, they started requesting for other delicacies like meats, stews, soups and a lot more. At this point, Megbope could not really account for what she was making because she kept no real records; but she knew her income was growing. Soon after, she read in the newspapers that a United Nations team was coming to Nigeria to invest in women-owned businesses. It was a partnership between Goldman Sachs and the Enterprise Development Centre (EDC) at the Pan-Atlantic University, to empower about 10,000 women entrepreneurs.
Every participant was required to write and submit an essay. Megbope submitted an entry for the moi-moi business and it was accepted. The five-month programme exposed her information she wished she had known a long time ago. It showed her how to structure her business, organise her finances, build great communication skills and improve her customer service experience. By the end of the programme, her business, now called “No Left Over Nigeria Limited”, experienced a major overhaul. Within a short time, she had hired over 50 staff, including temporary workers, and got her accounting right. She went from a one-product business to becoming a full-on catering outfit, servicing over 1,000 people. So much was the patronage that Mogbeope got that her moi-moi sales in one week alone was able to pay all the staff’s salaries in a month. Indeed, within a year from her time at the Goldman Sachs training, she was finally able to purchase a delivery van. Her success was so remarkable that she was invited to the Annual General Meeting (AGM) of Goldman Sachs. She was also on the panel of the Turkish Prime Minister’s Global Summit on Entrepreneurship, while equally holding meetings with former America’s first lady, Michelle Obama and former America’s President, Bill Clinton.
Ayo Megbope is truly an inspiration to entrepreneurs, especially those who are just starting out. She has shown that no matter how petty a start-up’s products and services may seem, positioning your business at the right place, with the right price, and constantly improving your knowledge, will set you up for success and emerging a HERO in your life’s calling.
The key question is, what have you learnt from all these inspirational narrations and experiences so far? And what will you do about it?
Exemplars of Greatness Series continues next week…
Watch out for the Book titled: “The Power of an Empowered Zero” (From Zero to HERO) by Tolulope A. Adegoke. Foreword by Dr Yomi Garnett (CEO/Chancellor, Royal Biographical Institute, Philadelphia, Pennsylvania U.S.A., U.K., Abuja, Nigeria.) Edited by Ola Aboderin.
A Federal High Court in Abuja has nullified the leadership of the African Democratic Congress (ADC) led by former Senate President David Mark, declaring the caretaker committee illegal.
The court also invalidated all actions taken by the committee, including the nomination of former Vice-President Atiku Abubakar as the party’s presidential candidate for the 2027 general election.
Delivering judgment on Thursday, November 5, the presiding judge, Peter Lifu upheld a suit filed by Nafiu Bala Gombe, a former National Deputy Chairman (North-East) of the party, who challenged the process through which Mark and other members of the caretaker committee assumed control of the party.
The court granted the reliefs sought by Gombe, effectively invalidating the actions taken by the Mark-led leadership.
Gombe had argued that following the resignation of the party’s former National Chairman, Ralph Nwosu, he was entitled to assume the party’s leadership in his capacity as the former deputy national chairman.
The plaintiff also sought the nullification of decisions taken by the Mark-led leadership, arguing that its emergence violated the ADC constitution and provisions of the Electoral Act.
In the suit, marked FHC/ABJ/CS/1819/2025, the ADC, the Independent National Electoral Commission (INEC), Mark, Aregbesola and Nwosu were listed as defendants.
The ruling invalidates the process through which the ADC conducted its presidential primary that produced Atiku as its flag bearer for the 2027 election.
Abubakar had subsequently selected former Rivers State Governor Rotimi Amaechi as his running mate ahead of the presidential election scheduled for January 16, 2027.
Background
Thursday’s judgment is the latest development in the prolonged leadership crisis within the ADC, which began after the party’s former National Chairman, Nwosu, handed over its leadership to Mark and Aregbesola in July 2025.
The handover took place during a stakeholders’ meeting at the Shehu Musa Yar’Adua Centre in Abuja on July 2, 2025. It was followed by a National Executive Committee (NEC) meeting on July 29, 2025, where Mark and Aregbesola formally emerged as the party’s National Chairman and National Secretary, respectively.
The party maintained that the process complied with its constitution and was monitored by INEC. However, the transition triggered opposition from members of the party, resulting in multiple legal challenges over who should control its leadership ahead of the 2027 general election.
One of the challengers was Nafiu Bala Gombe, a former National Deputy Chairman (North-East) of the party, who approached the Federal High Court in Abuja in a suit marked FHC/ABJ/CS/1819/2025. He argued that following Nwosu’s resignation, he was entitled to assume the party’s leadership and challenged the process through which Mark and Aregbesola emerged.
The dispute subsequently went through the Court of Appeal, which issued an order directing the parties to maintain the status quo ante bellum pending the determination of the substantive case.
Relying on the appellate court’s directive, INEC removed Mark and Aregbesola’s names from its official portal, effectively withdrawing recognition of the Mark-led leadership.
The matter eventually reached the Supreme Court, which, on April 30, 2026, set aside the Court of Appeal’s order. The apex court described the directive as “unnecessary, improper and unwarranted” and returned the substantive leadership dispute to the Federal High Court for determination.
Following the Supreme Court’s decision, INEC restored Mark and Aregbesola’s names to its official portal as the ADC’s National Chairman and National Secretary, respectively, pending the determination of the substantive suit.
Meanwhile, a separate challenge to the Mark-led leadership was brought by Leke Abejide, a member of the House of Representatives, in a suit marked FHC/ABJ/CS/1637/2025.
On July 2, 2026, the Federal High Court in Abuja dismissed Abejide’s suit and upheld the Mark-led leadership.
Delivering judgment, the judge, Musa Liman, held that the dispute concerned the internal affairs of a political party and was non-justiciable.
Source: ICIR
The Cross River State Police Command has arrested a 27-year-old man, identified as Victor Edet Yellow Duke, over the alleged attack on the convoy of the Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, in Calabar.
The incident occurred on Wednesday, November 4, 2026, around Watt Market Roundabout, along the Calabar Road axis of the capital capital, while Obi’s convoy was returning from the palace of the Obong of Calabar to Metropolitan Hotel, venue of the party’s presidential town hall meeting.
According to a statement issued by the Police Public Relations Officer, ASP Eitokpah Sunday Akata, the attack occurred at about 2:20pm when suspected hoodlums, reportedly armed with machetes and sticks, emerged from the Calabar Road and Clerks Alley axis and attacked vehicles in the convoy.
The statement disclosed that the attackers smashed the windshields of some vehicles, adding that the exact number of vehicles affected was yet to be established.
Following the intervention of security operatives, one of the suspected attackers, Victor Edet Yellow Duke, was arrested, while others reportedly fled the scene.
According to the police, “the suspect has subsequently been transferred to the State Police Headquarters by operatives of the Violent Crime Response Unit, VCRU, for discreet investigation and to prevent possible reprisals or further breakdown of law and order.”
The Command confirmed that “normalcy has since returned to the affected area.”
Meanwhile, the Commissioner of Police, Cross River State Command, CP Ajo Geoffrey Ordue, has ordered a thorough investigation into the incident, directing officers to identify and apprehend other individuals allegedly involved in the attack.
The police, however, cautioned against drawing conclusions from the arrest, emphasising that “the arrest does not establish the suspect’s guilt.”
It added that the suspect remains entitled to the presumption of innocence pending the conclusion of investigations and any subsequent judicial proceedings.
The Command also reassured residents, political stakeholders and visitors of adequate security across the state, stressing that “all political parties, candidates and their supporters would receive equal protection irrespective of their political affiliations.”
Obi’s media aide, Ester Umoh, had earlier raised the alarm on social media that the NDC flagbearer had been attacked.
“Thugs are trying to attack our convoy,” she said while raising the alarm over the incident.
News
Nigeria-EU Investment Partnership: Boost Africa Highlights Mouthwatering Opportunities for Entrepreneurs
What happens after investment reaches an African business?
Beyond the financing figures and commitments, how does capital translate into business growth, innovation, jobs and economic opportunity?
These questions took centre stage as the European Investment Bank (EIB) showcased the achievements of Boost Africa at the Nigeria–EU Global Gateway Investment Partnership Lab, held on the sidelines of the 32nd Nigerian Economic Summit in Abuja.
The event, convened by Nigeria’s Federal Ministry of Budget and Economic Planning in collaboration with the EIB’s Boost Africa team, brought together government officials, European development institutions, investors and private-sector leaders to explore how strategic partnerships and innovative financing can accelerate Nigeria’s economic
development.
In his remarks, Senator Abubakar Atiku Bagudu, Nigeria’s Minister of Budget and Economic Planning, emphasised the importance of mobilising private investment to support Nigeria’s economic transformation.
H.E. Gautier Mignot, European Union Ambassador to Nigeria and ECOWAS, highlighted the importance of translating investment partnerships into concrete opportunities, including stronger support for Nigeria’s entrepreneurial ecosystem.
Bringing the Boost Africa story to life
A major highlight of the event was the session “Boost Africa: From Capital to Impact,” which brought together representatives of development finance institutions, venture capital funds and Nigerian businesses to examine what investment has made possible.
The session opened with a short video introducing Boost Africa and its contribution to supporting innovative African enterprises.
Moussa Nakoulima, EIB Regional Head for West and Central Africa, provided an
overview of the initiative, highlighting its achievements and the role of development finance in mobilising investment for African entrepreneurs.
Launched as a joint initiative of the EIB and the African Development Bank, with support from the European Union, Boost Africa combines investment through venture capital funds with technical assistance to strengthen Africa’s entrepreneurial ecosystem.
The initiative has attracted more than €100 million in EIB investment commitments to
venture capital funds, supporting enterprise development across sectors including
technology, financial services, agribusiness and renewable energy.
From investment funds to growing businesses
Moving from the institutional perspective to the investment ecosystem, Daisy Leich, Director of Strategy at TLcom, shared insights into the role of venture capital in supporting African businesses.
Her contribution highlighted why financing alone is not enough. For growing enterprises, access to strategic guidance, expertise and networks can be just as important as access to capital. The discussion then turned to two Nigerian businesses whose experiences illustrated the opportunities that investment can help unlock.
Michael Babalola, Director of Operations at Beacon Power Services, shared the
company’s experience of developing technology-driven solutions for the energy sector, demonstrating how innovation can help address operational challenges in electricity distribution.
Representing ChipMango, Hamilton discussed the company’s work in developing Nigeria’s semiconductor engineering capabilities and creating opportunities for local talent to participate in the global technology industry.
Together, these perspectives illustrated the journey from development finance to venture capital investment and, ultimately, to businesses delivering practical solutions.
They also reinforced an important distinction: Boost Africa supports enterprises through its investments in venture capital funds, helping create the conditions for innovative businesses
to access financing and grow.
Looking ahead: Building on Boost Africa’s experience
Beyond reflecting on achievements, the session also provided an opportunity to discuss the future of financing for African innovation.
Participants were introduced to Boost Ventures, a successor initiative intended to build on Boost Africa’s experience and expand financing opportunities for innovative African businesses.
Backed by a €129 million European Commission guarantee, the initiative represents a further commitment to strengthening Africa’s venture capital ecosystem and supporting the next generation of entrepreneurs.
For Nigeria, where innovative businesses continue to develop solutions across critical sectors, sustained access to investment, expertise and strategic partnerships will remain essential.
Investment as a catalyst for lasting impact
The Boost Africa session reinforced a central message of the Nigeria–EU investment
partnership: development finance can play a catalytic role in mobilising private investment and helping businesses realise their potential.
By bringing together the institutions providing finance, the funds investing in enterprises and the businesses translating investment into solutions, the discussion offered a practical picture of how development partnerships can contribute to economic growth. The story of Boost Africa is ultimately not only about how much capital has been invested, but about what that investment has made possible: stronger businesses, new capabilities, innovative solutions and opportunities for Africa’s future.
Learn more at
https://www.eib.org/en/products/mandates-partnerships/boost-africa/index
