An eCommerce business technology company, Paykobo.com, has be encouraged at the maiden edition of The Freelanews Leadership & Entrepreneurship Awards, TheFLEA Awards, held in Lagos as the Most Innovative Startup Brand of 2021.
The awards, which was an initiative of Freelanews, a general news magazine, was held at Radisson Blu Hotel, Ikeja and according to the founder of the awards, Victor Ojelabi, Paykobo.com’s selection was reached by TFA Selection Committee after an evaluation of hundreds of nominated start-ups of Nigerian origin, and the projected the impact of the operations and services on the nation for the next decade.
“The committee received submissions on the merits of the nominees winning this important category, and ran them against the construct of an ideal winner.
“The ideal winner was determined to be a Nigerian company based on a novel idea in key industries, whose operations are heavily automated through technology and human resource management puts continuous development at the heart of their policy,” Ojelabi stated.
Based on these, the organisers said the submission received for Paykobo.com scored the highest matching points of 87%. The arguments proposed in the submission as the basis for the conferment of the award on Paykobo.com are introduction of the Cash-on-Delivery system that revolutionalized Nigeria’s eCommerce, novel business segmentation that focused on B2B business technology products supply, robust Learning & Development department, with an highlight of your participation in the prestigious Stanford Program on Strategic Leadership for teams and strong use of technology in your business process.
“It was believed that Paykobo’s 360 innovation approach to service offerings, process and operations, human resources management and customer satisfaction will have a very huge impact on the nation within the next ten years, hence the encouragement by way of this award,” he submitted.
On the need for TheFLEA awards, Ojelabi explained that the event was a child of necessity which arose from the thirst to encourage exceptional political leaders, hardworking entrepreneurs and intending ones especially in the country for spending their hard-earned funds in an unstable economy like ours, which is beset with multi-taxation, policy somersaults and lukewarmness on the part of government in protecting its citizens’ investments.
“We recognise that the government can’t do everything for us, especially in terms of flattening the unemployment curve. Hence, we came together and decided to encourage willing entrepreneurs making positive impacts in the lives of ordinary Nigerians despite the pandemic and other business threatening economy policies. And our criteria are very simple to attain; as a brand, you need to have a business making impacts in the lives of over 500 Nigerians with a projection of 10years, and as a public servant, your impacts in the lives of the citizens must be astounding and verifiable. Then you’re a candidate,” he explained.
Speaking further, the Freelanews boss said:
“And as you could see from the event, these individuals received a symbolic gift to remind them of what our collective futures hold because of what they do.
“The vision of TheFLEA Awards is to reduce the awards itself to a symbol of remembrance of what our collective future holds if they persist in their good works.”
TheFLEA Awards is an initiative of Freelanews and through its website, www.Freelanews.com, the newspaper strives every day to make the lives of readers better by keeping them informed and advocating on their behalf.
The awards event plans to hold annually in encouraging creative, wealthy and selfless Nigerians in the acts of making positive impacts in the lives of average Nigerians.

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