Billionaire chairman of Kotec group gives N20million start-up funds to 20 youths in his community


Billionaire chairman of Kotec group, Chika Emenike has empowered twenty youths in his community with One Million Naira each startup funds.

The Urualla in Ideato North LG, Imo State native presented the funds to the beneficiaries to mark his 53rd birthday.

Chika Emenike stated that it was the first time he was celebrating his birthday with his kindred and those in a less privileged situation.

He recounted his journey to wealth in 1990 when he started his first business with just N3,000.

He noted that although the money was small, he promised himself he will succeed.

The Kotec Boss further narrated how he used to carry goods for people and takes stock of people’s goods to know which they have in case a customer needs such goods and from there he started building up.

“Building life from the scratch is not an easy one but with perseverance, I got to where I am today,” he said.

Emenike also stated that his motivation to assist and empower his people was a result of how he saw some youths in Urualla wasting their lives while indulging in stealing, drug addiction especially ice (mkpuru mmiri in Igbo), and kidnapping.

“I feel pained so much that the youths who are the future leaders are wasting and so I decided to empower them to be productive in the society.

“This kind gesture is not because I am affluent or the wealthiest but because I want the youth to be great people tomorrow and also to encourage other philanthropists to remember the youths instead of wasting millions on luxurious birthday celebrations.

“Today most of the people I want to empower have benefited once or twice before but they remain unproductive. Nevertheless, I will be giving them benefit of the doubt by empowering them again notwithstanding I have given them money before”, said Chief Emenike.

Chika Emenike thereafter empowered some of these beneficiaries with the sum of One Million Naira each to put into their business. A total of twenty (20) people benefited from the harvest of empowerment.

Chika Emenike is the Chairman of Kotex Group of companies with subsidiary companies such as; Tummy Tummy Foods Ltd, makers of Tummy Tummy Noodles and Events Table Water; Kotec Industrial Company Ltd, producers of kotec and chitec brands of motorcycle spare parts; Kotec bricks, Regime Energy Service Ltd, Rento Hotels, Mangroove foods, etc.