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Boss Of The Week

Otunba Subomi Balogun: Accomplished Entrepreneur, Selfless Philanthropist

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By Eric Elezuo

“Until I have excelled and achieved the best, I would not be satisfied”

Integrity, excellence, determination, focus are some of the qualities that trail the gentleman at the helm of affairs of one of Nigeria’s prolific banks, First City Monument Bank (FCMB), High Chief Michael Olasubomi Balogun.

Balogun, a colossus in the Nigerian money market, trailblazer and pioneer extraordinaire in the sector, has proved that one can be what he wants to be provided he set all his attention to it.

Originally trained as a lawyer before delving into the world of finance and capital, Balogun was born on March 9, 1934 at Ijebu-Ode in Ogun State to prolific parents of Fasengbuwa Ruling House of Ijebu Ode, who understood the essence of giving a child the education legacy.

A proud alumnus of the prestigious Igbobi College, Lagos, where he graduated with a Grade 1 certificate, Balogun left for England in 1956 to pursue a course in Law. As a hardworking person he had grown to be, he promptly graduated with an LLB Honours in 1959 from the London School of Economics, and was called to the English Bar in the same year.

In 1962, Otunba Balogun took up the first major challenge of his prosperous life when he was appointed the first Nigerian Assistant Parliamentary Counsel, a post he held till 1966 when he was elevated to the position of First Principal Counsel and Company Secretary to the Nigerian Industrial Development Bank. His efforts and productivity left no one in doubt that a Nigerian whiz kid has been born. He held sway till 1975. It was while with NIDB that he developed a penchant for banking and financial matters. Promptly, in 1973, he became Director of Operations for Icon Securities and spread his tentacles to other financial related endeavours including the membership of Council of Stock Exchange representing City Securities Limited and Icon Securities.

Recounting his sojourn in life, the entrepreneur extra-ordinaire returns all glory to the Most High, whom he believes is the reason for everything that has happened to his life. He says;

“I have gone through the crucible and I have emerged a stronger person, and victorious. I, like all Christians never lose hope which is why I have adopted the church hymn that says through the love of God our savior, everything will be well. I thank God for my life. Most achievements of human beings are acknowledged posthumously, but in my case, God gave me the grace to see the amazing grace He has showered me with, and I’m a particularly lucky son of God”

Grand Master, as he has come to be known among stakeholders in the banking and finance world as a result of his dexterity, innovativeness and outright can do attitude, set up his own securities outfit in 1977 after resigning from Icon, and since then, has not looked back, taking the financial world stride by stride in total accomplishment.

In 1979, he set up the first solely Nigerian owned merchant bank, known then as First City Merchant Bank. It was in 1982, however that he joined the retinue of commercial banking operators with the new improved First City Monument Bank, and followed it up with setting up of a chair for capital market studies in the Department of Economics, University of Ibadan, a school he is so passionately attached to, in 1987.

Brilliant and well-travelled, Otunba Balogun is not one to take with kid gloves the traditional institution, and so passionately, he has been attached to the famed Ijebu Ode annual festival known as Ojude Oba. He cherishes it so much that he has been throwing his weight behind it year in and year out. That, among many other achievements has earned him the enviable title of Olori Omo-oba of Ijebuland.

You need not know Otunba Balogun on close quarters before perceiving the intimidating aroma of his down to earth personality, infectious generosity, phenomenal achievements and fatherly dispositions. He is a man everyone wishes to have as husband, father, uncle, son and many more.

As reported in his company’s website, Balogun’s “story is that of a man who understood early in life that the true essence of wealth is achieved only when it is deployed to the service of humanity, especially the less privileged. A man of proven immense wealth who is highly regarded, respected and honoured in the society, the honour bestowed on Otunba Balogun does not, however, stem from the immensity of his wealth, but from the good use to which he has put this wealth for the service of humanity.”

His ability to affect lives, most especially the less privileged, has bestowed on him more than enough appellations including the Otunba Tunwase, the Olori Omo-oba of Ijebu; the Asiwaju of Ijebu Christians, the Baba Oba of Ijebu-Ife and the Asalu-Oba of Ijebu Mushin. In addition, everyone agrees that he is the pioneer and role model of entrepreneurial banking in Nigeria as well as a constructive philanthropist and a distinguished church leader.

Otunba Subomi with Otunba Gbenga Daniel

Otunba’s love for children is phenomenal, necessitating the building of several institutions for the health care, welfare and survival of children. During one of his great birthday celebrations, he announced “…Don’t give me a personal birthday gift, give everything you have for me to the children’s hospital”.

Otunba’s immeasurable contributions to the wellbeing of mankind and growth of the financial world have attracted a long list of recognitions in his trail. He is a Fellow of the Nigerian Institute of Management; Fellow of the Chartered Institute of Bankers; Council Member of the Lagos Chamber of Commerce and Industry; and Life Vice President of the Nigerian-British Chamber of Commerce. He is also a recipient of the American Biographical Institute Inc’s Distinguished Leadership Award for Outstanding Contributions to the Development of Investment Banking.

In addition, he holds the University of Ibadan Doctor of Law degree (Honoris Causa) and the Olabisi Onabanjo University Doctor of Science Degree in Management Sciences.

He has made notable commitments in major institutions of higher learning including endowed a Professorial chair at the University of Ibadan for Capital Market Studies; a research fellowship in the Legal Department of the University of Lagos, Yaba College of Technology, African Leadership Forum, etc. Otunba Balogun holds the National Honour of Commander of the Order of the Niger (CON).

He is a holder of the title of Cavaliere dell’Ordine Al merito della Repubblica Italiana (Knight of the Order of Merit of the Republic of Italy), conferred on him by the Italian President in January, 1994.

Otunba Balogun is also a distinguished author, opinion leader and a respected community leader. He is credited with the writing of The Cross, The Triumph and The Crown among other literary works.

Hear him: “I have a very strong character. There is nothing that I did that I wish I had not done. I have no regret over any of my past actions.”

Philanthropy is an interesting pastime for this gentle giant, and that remains the testimony of all who has been privileged to meet him in one way or another. He took his giving talents further with the establishment of the ‘Otunba Tunwase Foundation’ through which he exhibits his philanthropic spirit to all and sundry.

Otunba is happily married and blessed with lots of children and grandchildren.

Sir, for being a role model to this age, and creating so many firsts which no one is yet to equal, you are our Boss of the Week. Congratulations!

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Boss Of The Week

Tella Giresse: Accomplished Multi-Dimensional Diplomat, Entrepreneur

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By Eric Elezuo

A Beninese by origin, serving as a high-profile diplomat for Hungary in Abidjan, Cote d’Ivoire, Mr. Justin Tella Giresse, is highly multi-dimensional, overtly talented and a distinguished entrepreneur par excellence. His trend of experience, impact and developmental strides in the fields of diplomacy as well as business, is highly recommended and sought after among comity of nations and entrepreneurship.

Known for his ability to thoroughly coordinate international relations, especially as concerning nations, Giresse is also an excellent industrialist, whose acumen led the founding of the Benin-registered computer security, private security, defence and software development company, Impact Palmares R&D, established in 2019 as an LLC, and subsequently became an SAS in 2021. He presently heads the organization, and has been heading it for several years.

He is an expert in the security and safety of administrative documents.

He is also the founder and Chief Executive Officer of Résidences Appartements, with offices in many countries of the world. Giresse is in a short, the darling of African diplomacy and entrepreneurship. His high flying grace in production capacity, and jaw jaw has remained a reference point in world politics and business.

In addition as a multidimensional professional, Giresse was not long ago handed over a letter to assume duties as the new Hungarian Honorary Consul, serving in Abidjan, Cote d’Ivoire. It is worthy of note that the CEO of ANY Security Printing Company, Gábor Zsámboki also participated at the official event of handing over the letter of commission to the distinguished diplomat.

Also present to confirm the topnotch status of Giresse was the Hungarian Ambassador, András Szabó at his introductory visit with Prime Minister of Ivory Coast Amadou Gon Coulibaly. The Ambassador appreciated the close relationship between the two countries while Zsámboki praised Giresse Tella’s activities performed up to now in the field of development of business relations between Hungary and Ivory Coast and expressed his hope that these relations would become even closer in the future through the new consulship.

During his visit in Ivory Coast, Mr. Gábor Zsámboki, CEO met Mr. Claude Isaac DE, Minister of Construction, and also a number of high-ranking state leaders who, in addition to a cordial welcome, showed great interest to several successful Hungarian products and solutions.

Also making his impact felt in the field of entrepreneurship and development of human capacity through industrialisation, Giresse had led a team to the commissioning of partnership his Impact Palmarès and a state-owned printing organisation.

Impact Palmarès R&D SAS, with MINREX, is involved in the construction of biometric visa issuance infrastructure at the international airports in Yaoundé and Douala.

The perfect service Giresse provides allowed for a 10-year contract with the Cameroonian government, including setting up an online portal dedicated to the application, processing and issuance of electronic visas.

In addition, state-of-the-art biometric equipment is also installed in Cameroon’s diplomatic missions and consular posts for printing biometric visas on secure stickers.

A detailed presentation of the event as captured by Palmarès, is represented below:

“At the national printing house, the lines are moving. The modernization initiated in 2023 is reaching a new level. The state organization is about to conclude a partnership agreement with the company Impact Palmarès R&D.

“A delegation led by its chairman and CEO, the Beninese Giresse Tella, was received in audience by the Minister of Communication (Mincom), René Emmanuel Sadi, in the presence of the Director General of the national printing house, Pierre Nolasque Oyono Bika.

“Opportunity for the partner to present its offers, in view of the electoral deadlines that await the country in 2025. Under the supervision of the Mincom, the National Printing Office will play “a major role for 2025. It must be able to equip itself in order to meet the challenges that await it”, will emphasize René Emmanuel Sadi. L.

“Indeed, the National Printing Office needs this new lease of life in view of current and future requests.

“This group proposes to offer us a partnership in terms of technical assistance with a view to the digitalization of the Printing Office. The opportunities are in the direction of strengthening the production tool of the National Printing Office, but also the construction of a security production unit,” will say Pierre Nolasque Oyona Bika.

“According to the DG, the partnership between these two sub-Saharan African countries will help the State to strengthen its sovereignty, protect the identity of citizens, preserve the integrity of businesses and replenish the State coffers.

“On the partner’s side, we are therefore, serene. “We are here to assist the State of Cameroon to explore new revenue niches,” Giresse will assure Tella . There are therefore many construction sites.

“The operator presented the main areas of its support to the Minister. “The most important thing is the modernization of the National Printing Office’s production tool, the strengthening of capacities in terms of materials and human resources, the optimization of the organization and a certain number of investments that aim to rehabilitate, or even build infrastructures that will strengthen its efficiency,” Nassirou will specify.

“Mbow, Project Director at Impact Palmarès.

“Impact Palmarès R&D specializes in areas such as securing, identifying, recording and analyzing data in the context of state security; the security and internal safety of states; securing, electronic archiving and traceability of state documents, among others. It is also this company that had already signed a partnership in 2022 with the Ministry of Foreign Affairs for the implementation of the e-visa. Impact Palmarès works with the Hungarian company Any Security Printing Company, which ensures the modernization aspect of its projects.

With his rising profile in managerial abilities, His Excellency, Tella Giresse, was on August 2, 2021 CEO of a simplified joint-stock company headquartered in Abidjan, Cocody Riviera GOLF, Rue du Lycée Hôtelier, with a capital of 500,000,000 CFA francs (16,000 shares with a par value of 25,000 CFA francs), and Sêdé Alida Inès Gwladys GNIGLA, his wife, was appointed Managing Director.

Giresse Tella is also the promoter of the company LES MYRIADES in Benin. In Cameroon, with Impact Palmarès R&D SAS, many are waiting to see the perfect and smooth implementation of its contractual commitments.

Beyond his dutiful and painstaking attention to professional endeavours and wholesome details, Giresse is a complete family man, who has mastered the skills of balancing the home front and duty. He loves his family like the gentleman he is, and goes to any length to defend and provide for them.

He is the complete definition and symbol of what any country needs in diplomacy and (industrial) development. His achievements looms large.

ABOUT IMPACT PALMARÈS R&D 

Impact Palmarès R&D SAS is a company specializing in the security, identification, recording, and analysis of data and information for national security and internal safety.

Its activities include the security, identification, recording, and analysis of data and information for national security. It is also active in national security and internal safety; research and development; information protection; and signature protection and authentication.

The company Impact Palmarès R&D SAS is also active in the acquisition, rental and sale of all movable and immovable property, the management lease of all businesses and the acquisition of stakes in companies.

Tella Justin Giresse is simply an international personality, with the capability to fix it all; diplomacy or business.

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Boss Of The Week

Aliko Dangote: Celebrating An Industrial Giant at 68

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By Eric Elezuo

A lot has happened in the life of African richest man, Aliko Dangote, since he celebrated his 67th birthday just about a year ago. One of such is the revolutionary trend in the petroleum industry following the kick off of production in his audacious refinery in Lagos. At 68 today, Dangote has become a greater force, maximizing respect for not just a job done, but a job perfectly done.

Consequently, accolades from personalities across the nation, including President Bola Tinubu, Femi Otedola and a host of others have continued to surge towards the President, Dangote Group, a man of immense entrepreneurial and industrial expertise, as he hit another glorious age, celebrating 68 in grand style.

To President Tinubu, Dangote is “Africa’s industrial icon,” whose unwavering commitment to nation-building must be praised.

“Aliko Dangote’s life embodies hard work, generosity, and faith in Nigeria’s potential. His willingness to invest in people and nation-building reflects profound business ingenuity and love for humanity,” Tinubu noted.

Otedola described him simply as one whose ‘journey is inspiring’, while heavyweight boxing champion, Anthony Joshua, joined in the euphoria of conviviality, which describes the personality of the rich but simple Dangote.

In fact, the cakes that were presented to celebrate his birthday are all testaments of the accomplished entrepreneur’s strides in the past years.

Organisations such as GTBank, Access Bank, and FCMB each presented custom-made birthday cakes inspired by the legendary business achievements of the celebrant. One of the cakes was a towering depiction of a refinery, another was styled like a grand mosque, while yet another was designed in the shape of a cement factory.

The billionaire businessman has consistently proved that his entrepreneurial skills are not just geared towards uplifting him as a person, but to creating an enabling environment for the Nigeria youth and child to grow and develop in an environment he can proudly co-own. His vision, no doubt, is practically for the greater good of the world in general, and Nigeria in particular.

For so many blessed reasons and very many more, Dangote was named, and for the second consecutive year in 2024, the Africa’s foremost entrepreneur and humanist, and was honoured with a Lifetime Achievement Award.

The billionaire industrialist was accorded special recognition by the Organised Private Sector (OPS) employers in the country under the aegis of Nigeria Employers’ Consultative Association (NECA). That was just a tip of the iceberg in consideration to the avalanche of efforts he has put into business, and the lives touched so far.

Born in Kano in 1957, Dangote proudly shuttles between three wonderful tags as the richest man in Nigeria; the richest man in Africa and the richest Black man in the world. He has paid his dues, and mankind is the better for it.

Releasing impacts, Aliko Dangote Foundation (ADF), the private charitable foundation of Alhaji Aliko Dangote. Incorporated in 1994, as Dangote Foundation, is saddled with the mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities. 20 years later, the Foundation has become the largest private Foundation in sub-Saharan Africa, with the largest endowment by a single African donor.

The primary focus of ADF is child nutrition, with wraparound interventions centered on health, education and empowerment, and disaster relief. The Foundation also supports stand-alone projects with the potential for significant social impact.

The Foundation works with state and national governments and many highly reputable international and domestic charities, non-governmental organizations and international agencies to advance its humanitarian agenda.

In one of its biggest collaboration to date, Aliko Dangote Foundation started working in partnership with the Bill and Melinda Gates Foundation and key northern State Governments in Nigeria from 2013 to eradicate polio and strengthen routine immunization in Nigeria.

Worthy of praise is the fact that nearly a decade, the Foundation has spent over N7 Billion in the course of feeding, clothing and the general welfare of the Internally Displaced Persons in the Northeast.

To make his host communities feel at ease, and the impact of his presence, Dangote has embarked on an initiative to provide further support to improving educational systems in Ibeju-Lekki and Epe locality. The educational support initiative is a tripartite programme consisting of scholarship, capacity building for teachers and school infrastructure projects.

In addition, Scholarships have been awarded to 52 secondary school students whilst some financial support was provided to their parents and/or guardians. Tertiary students will be included in the next batch of the scheme.

Furthermore, about 100 teachers, principals and school administrators were trained in teaching techniques for the 21st century. After which they were monitored in class on how they were using the skills acquired.

There is hardly any sector that has not felt the milk of human kindness running through Aliko Dangote; the military, media, politicians, governments across boards and more.

Dangote is surely an asset to this world!

As at today, there is no space for slowing down for Dangote as he continues to trudge on, creating firsts after first for himself and for humanity.

He is blessed with three wonderful daughters, who have followed the rewarding footprints of entrepreneurship.

Congratulations are in order for the African giant, and may he continue enjoy many more laurels as his footprints remain indelible in the sands of time.

Sir, continue to dominate the pages of history books with your impactful strides and results!

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Boss Of The Week

Olufemi Oladipo Adelowo: Fresh Honours for West Africa’s First Rheumatologist

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By Eric Elezuo

In recognition of his efforts, and desire to continue to affect humanity, and leave a lasting impact, West Africa’s first Rheumatologist, Dr. Olufemi Oladipo Adelowo, has once again been honoured with yet another feather on his cap of accomplishments.

Prof Adelowo’s latest feat is his emergence as the winner of the Hall of Labour Foundation (HLF) Role Model Award, an award dedicated to professionals, whose impact in perpetrating their craft has rubbed off on humanity on a positive basis.

According to the organizers, in a letter signed by its Executive Secretary, Patricia Otuedon-Arawore, Prof Adelowo’s award is predicated on his established track of outstanding contributions in the field of medicine.

The letter further noted that “this has set him apart as a great Nigerian role model”.

Adelowo will be crowned with his honours at the 28th anniversary celebration of the Foundation scheduled for May 28, 2025 at the Oriental Hotel, in Victoria Island, Lagos.

The medical expert is not new to awards and honours, however, as he has constantly amassed recognition every step of the as a result of his timeless researches, innovations and discoveries.

It would be recalled that not too long ago, The Ogbomoso Pivotal Club, a group of astute professionals, academics and entrepreneurs, celebrated the first Rheumatologist in West Africa, in addition to calling  on the Federal Government to recognise Prof. Adelowo with National Honour for making the country proud.

Prof. Adelowo was recognised for his exceptional contributions to the field of Rheumatology with the prestigious APLAR Master Award, conferred by the Asia Pacific League of Associations for Rheumatology (APLAR), making him the first African to be so bestowed.

A distinguished Ogbomoso-born scholar,  Adelowo received the award fro APLAR in recognition of his remarkable contributions to rheumatology, particularly in teaching, research, and professional service within the APLAR region.

Adelowo is a medical expert of repute, described as a Professor of Medicine, Consultant Physician, and Rheumatologist. He has held numerous academic and leadership roles both locally and internationally.

He served as the President of the African League of Associations for Rheumatology (AFLAR) from 2014 to 2019 and as chairman of the Executive Committee of the International League of Associations for Rheumatology (ILAR) from 2015 to 2016.

Throughout his career, Prof. Adelowo has made a significant impact in Nigeria and beyond, establishing rheumatology clinics at the University of Ilorin Teaching Hospital, Olabisi Onabanjo University Teaching Hospital, Lagos State University Teaching Hospital (LASUTH), and University of Lagos Teaching Hospital (LUTH). He has supervised over 30 FMCP and FWACP dissertations and trained more than 55 rheumatologists in Nigeria, three of whom are now Professors. Additionally, over 25 of his trainees are consultant rheumatologists in Nigerian teaching and specialist hospitals, while 15 others practise in the USA, Canada, the UK, and Kenya.

The Ogbomoso Pivotal Club, had also at a special event in Lagos, honour and presented Prof Adelowo with a special award in recognition of his achievements and as an inspiration for younger generations to follow in his footsteps.

Describing the Professor at the event, President of the Club, Joel Owoade, said Adelowo was an exemplary leader whose dedication, commitment, and hard work have made him a model for others.

“Professor Adelowo is a shining light, and we are proud to be associated with him. We will continue to celebrate him and others who are making Ogbomoso and Nigeria proud in their careers and service to both the nation and the international community,” Owoade said.

Adelowo’s career path is captured as follows:

Bachelor of Medicine, Bachelor of Surgery, University Ibadan, Nigeria, 1973

FMCP, Nigerian Postgrad. Medical College, 1982

Fellowship of the West African College of Physicians, W. African Postgrad. Medical Coll, 1993

Senior house officer UCH, Idaban, Nigeria, 1975-1978, senior registrar Nigeria, 1979-1982

Honorary registrar St. Bartholomew Hospital, London, 1980-1982

Senior lecturer, consultant physician U.I.T.H., Nigeria, 1983-1985

Medical director Adeola Specialist Hospital, Nigeria, 1985-1992

Professor medicine, consultant Ogun State University, Nigeria, since 1992

Chairman Post Graduate Medical College Board of Rheumatology

Examiner Nigerian Post Graduate Medical College, West African College of Physicians.

Prof Adelowo is presently a Consultant with the Lagos State University Teaching Hospital and Arthrimed Specialist Clinic, Ikeja, and he qualifies by scholarship to be addressed as follows: MD, FMCP, FWACP FRCP Edin FRCP (Lond) FAMedS MACR MAPLAR.

The Prof specialises in many foelds of medicine including Rheumatology Osteoarthritis, Arthritis, Rheumatoid Arthritis, Scleroderma, Systemic Lupus Erythematosus, and Autoimmune Disease. He also has 115 Publications, 21,100 RReads as well as 2,144 Citations.

Apart from being a renowned professional, he is also a distinguished family man, and is blessed with children.

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