-
I think the monster is a unique touch. Is your logo just digital ? or will it be printed? I'm asking becuase the texture you have ont he lettering probably won't scale very well if the logo is reduced. The font could also use a bit of work, The letters feel too spaced apart which almost gives the impression that each letter is it's own word. (using all caps makes t his effect even worse) The word 'Nyekola' is much more memorable and readable with lower case letters.
The monster right now is adding to much weight to the left hand side, what if you placed him ontop of the 'O' or even better maybe the 'O' could be the monster. This is a good start so far, lots of potential... you've done a good job at identifying your objectives of your logo which is great.
To recap the main points: - Use Lowercase letters and think of the scaleability of the typography in terms of the texture.
- consider the balance and placement of the monster.

Thank you! You're comments are very helpful and I will definately give the logo a rework based on them.