Earlier this week in Enugu, the South East Venture Capital Programme @SEVCP_SEDC brought together founders, investors, development finance institutions, banks, and state governments around a shared objective:
Building a stronger innovation and investment ecosystem for the South East.
Most importantly, we deployed capital. Not promises. Not communiqués.
From over 1,200 applications, 25 startups secured investment through a transparent, independent, and merit-based process.
For many regions globally, venture capital is an established part of the economic landscape. For the South East, this represents the deliberate creation of an institutional pathway for innovators and entrepreneurs to access growth capital.
To the founders selected, this moment belongs to you. Your ideas, resilience, and ambition earned you a place in this cohort.
We were honoured to receive the Honourable Minister of Finance and Coordinating Minister of the Economy, Dr. Taiwo Oyedele, as the President’s representative. He reaffirmed the Federal Government’s commitment to the South East and highlighted over ₦1.3 trillion in strategic infrastructure investments across the region, including major road and rail projects that will strengthen regional connectivity and competitiveness.
I remain grateful to His Excellency, President Bola Ahmed Tinubu, GCFR, for his support and for the administration’s commitment to innovative financing, entrepreneurship, and regional development.
My appreciation also goes to our partners, investors, ecosystem collaborators, mentors, judges, and every founder who participated.
This is not the end of a programme. It is the beginning of a pipeline.
Step by step, we continue to build.
MOII
#SEDC #SEIC #SEVCP #RenewedHope #RegionalDevelopment
@SEDCgov@SEVCP_SEDC
@thetripathi58@Ant_Philosophy Funny! Do you want the job or not? If someone is looking for job to survive, the last thing on their mind is how to avoid the so called trap.
@HansMokeNiemann@promotingqueens will benefit the most, because of an incredible work they have been doing for young girls who have little choice in life but to turn to chess for inspiration and building a life worth sharing to the world.
Huge repository of information about OpenAI and Altman just dropped — 'The OpenAI Files'.
There's so much crazy shit in there. Here's what Claude highlighted to me:
1. Altman listed himself as Y Combinator chairman in SEC filings for years — a total fabrication (?!):
"To smooth his exit [from YC], Altman proposed he move from president to chairman. He pre-emptively published a blog post on the firm's website announcing the change.
But the firm's partnership had never agreed, and the announcement was later scrubbed from the post."
"...Despite the retraction, Altman continued falsely listing himself as chairman in SEC filings for years, despite never actually holding the position."
(WTAF.)
2. OpenAI's profit cap was quietly changed to increase 20% annually — at that rate it would exceed $100 trillion in 40 years. The change was not disclosed and OpenAI continued to take credit for its capped-profit structure without acknowledging the modification.
3. Despite claiming to Congress he has "no equity in OpenAI," Altman held indirect stakes through Sequoia and Y Combinator funds.
4. Altman owns 7.5% of Reddit — when Reddit announced its OpenAI partnership, Altman's net worth jumped $50 million. Altman invested in Rain AI, then OpenAI signed a letter of intent to buy $51 million of chips from them.
5. Rumours suggest Altman may receive a 7% stake worth ~$20 billion in the restructured company.
5. OpenAI had a major security breach in 2023 where a hacker stole AI technology details but didn't report it for over a year. OpenAI fired Leopold Aschenbrenner explicitly because he shared security concerns with the board.
6. Altman denied knowing about equity clawback provisions that threatened departing employees' millions in vested equity if the ever criticised OpenAI. But Vox found he personally signed the documents authorizing them in April 2023. These restrictive NDAs even prohibited employees from acknowledging their existence.
7. Senior employees at Altman's first startup Loopt twice tried to get the board to fire him for "deceptive and chaotic behavior".
9. OpenAI's leading researcher Ilya Sutskever told the board: "I don't think Sam is the guy who should have the finger on the button for AGI".
Sutskever provided the board a self-destructing PDF with Slack screenshots documenting "dozens of examples of lying or other toxic behavior.
10. Mira Murati (CTO) said: "I don't feel comfortable about Sam leading us to AGI"
11. The Amodei siblings described Altman's management tactics as "gaslighting" and "psychological abuse".
12. At least 5 other OpenAI executives gave the board similar negative feedback about Altman.
13. Altman owned the OpenAI Startup Fund personally but didn't disclose this to the board for years. Altman demanded to be informed whenever board members spoke to employees, limiting oversight.
14. Altman told board members that other board members wanted someone removed when it was "absolutely false". An independent review after Altman's firing found "many instances" of him "saying different things to different people"
15. OpenAI required employees to waive their federal right to whistleblower compensation. Former employees filed SEC complaints alleging OpenAI illegally prevented them from reporting to regulators.
16. While publicly supporting AI regulation, OpenAI simultaneously lobbied to weaken the EU AI Act.
By 2025, Altman completely reversed his stance, calling the government approval he once advocated "disastrous" and OpenAI now supports federal preemption of all state AI safety laws even before any federal regulation exists.
Obviously this is only a fraction of what's in the apparently 10,000 words on the site. Link below if you'd like to look over.
(I've skipped over the issues with OpenAI's restructure which I've written about before already, but in a way that's really the bigger issue.)
Power changes hands, and the people who control the institutions control the economy. Entrepreneurs should understand these incentives, as markets favor where power guarantees profit. Geopolitically savvy builders anticipate volatility and position themselves early ahead of it.
If you think geopolitics has nothing to do with your business, your investments or your future as an entrepreneur, think again, because what's happening in Iran isn't just about religion or ideology. It's about power, economic control, and about who owns the system.
At @Enugu_techfest 2026 today trying to cut through the hype. I’m not here for the freebies—I’m here to listen. What real-world business problem are you hoping technology will actually solve this year? Looking forward to the conversations
The big insight: AI replaces tasks, not entire jobs. The index helps leaders understand where augmentation is more realistic than replacement—and where skills investment will have the greatest ROI.
https://t.co/4zFGUrjnLV
We’re entering a new and uncomfortable frontier in AI—the rise of “griefbots” and digital resurrections. As agents get more humanlike, people are increasingly using them not just for productivity but for comfort, memory, and companionship. It’s a shift that feels both innovative and unsettling.
There is real upside here. For some, revisiting conversations with an AI version of a loved one offers closure or preserves family stories in ways nothing else can. In a world struggling with loneliness, these tools can genuinely help.
But the downsides are just as intense. We risk blurring the line between remembrance and replacement, or becoming dependent on digital versions of people who can’t consent and can’t truly come back. The emotional and ethical hazards are enormous.
This isn’t just another AI trend—it’s a cultural moment. And as the technology accelerates, we need real guardrails and honest conversations. The tech is ready. The humans using it may not be.
@TennysonOlisa It's such an inspiration seeing you play in an all-star✴️ field. Before now, I never thought it would be possible, but truly, this is one heck of an experience capable of forging chess players into gods of the game. Stay strong💪 and keep playing your best chess.🧠💯
Mobile sensors in your phone + AI can predict crashes, improve your driving, and even lower your insurance rates. @cmtelematics has already prevented 50,000+ injuries and fatalities on roads worldwide #insuretech#mobility https://t.co/qAj9pZveiH