Ubi Franklin, manager of ‘Pana’ singer Tekno, says he’ll fund ten start-up businesses with N5 million.

The CEO of Made Men Music says he will make available N500, 000 to each of the ten start-ups selected from a pool of pitches.

“I came up with this idea to fund 10 businesses in Nigeria”, he wrote on Instagram where he also noted that the funds will be given out through the “Ubi Franklin Start-up company”.

“This is a platform to fund existing business ideas/plans. I have made available 5million Naira, with an estimated 500,000naira each to 10 Nigerians.

“Our top picks will be invited by members of the board to A Boot-Camp For reviewing. If you make this list, please be advised to come with a suitable business idea/plan,” he wrote.

Tekno, Franklin’s artiste, has been unable to put a foot wrong in the past year.

His hit songs earned him a number of endorsement deals and an international music distribution deal with US record company Columbia.

Franklin was also the manager and partner to Iyanya Mbuk for several years before the latter left MMMG and joined Mavin Records in September 2016.

In March 2017, he told TheCable Lifestyle that he had sold Iyanya’s stake in the company to music promoter, Paul Okoye.

His new partner is responsible for One Africa Music Fest, an international music event that has become a major showcase of the continent’s music to the world.

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