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OPINION: The Influence of Risk To Success

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Greetings Friends,

Great minds who have truly achieved genuine success have one great trait- they are risk takers. They know very well true success involves a lot of work and these work has ups and down which adds up to their success story when they break even. As rational beings, we are always cautious in life because we don’t want to make mistake, sometimes we are anxious what the future upholds for us and other times we tend to follow our instincts. Amongst all these thoughts, one thing is certain, we are all taking risks because we are not guaranteed anything even if we dot our I’s and cross our t’s. This is because nobody is guaranteed anything in life because anything can happen the next second.

Great people have always opined it makes no sense to think little if you must think, think big. According to Ben Carson in his book Think Big, he made us under to understand that our dreams are valid and can come true if we play by the rules and work smart and hard. Ben Carson is one of the greatest surgeons in the world. After he made history in the world by successfully separating two Siamese twins, the world literally stood up for him. It should be noted that performing that surgery wasn’t really easy. He had to put in so many hours of research and risk before he was able to reckon success.

Risk is a very important part of success in business and life generally. You need to take reasonable risk to succeed. It will be right to say life itself is a gamble and if life is a gamble then we must take the risk (gamble) to succeed. It’s worthy to note that the fear of taking risk is risk itself. We all have taken risk in one way or the other. In business, we explore some path which might be unconventional; in a relationship, we relate and live with people we don’t really know. In health, we literally take pills and believe it will heal us in addition to putting our trust in doctors’ hands with the hope they will “heal” us. Even the food we eat is risk because we don’t know who prepared it and how it was prepared. You can literally see that life indeed, is a risk. In order to discuss the rationality of our risk, we shall be looking at various component part of the risk and how we can take advantage of risk to succeed. During the course of this article, we shall be focusing more on the advantages of risk and how risk can facilitate our success.

We are always inspired by people who go beyond the norm and push the boundaries of possibility. This is because they live in the realm of possibility and greatness. They are not afraid to live beyond their boundaries. To them, there is no such thing as failure; only experiments that didn’t work! Risk-takers are marked by a sense of adventure and passion. They care little for the accolades of the crowd. They are not afraid to “boldly go where no one has gone before.

You may have heard of terminology, take the risk and join the millionaires. If I may ask, what did you stand to gain if you don’t take risk? I guess you will literally be in the same position you were, so why not give it shot? Do you know that the fear of taking risk is risk itself? According to Mark Zuckerberg, “the only strategy that is guaranteed to fail is not taking risks.” If you refuse to take any risk in your life, you will pass up every opportunity in front of you in favor of a stable, certain future. That stability may be comforting, but it won’t provide you with growth or advancement in any dimension”.

Henry Ford would have never invented the automobile if he had paid attention to his critics. David would have never defeated Goliath if he had allowed his own family to discourage him. Personally, I took a risk in publishing my book without knowing what will be the outcome. I had fear of typographical errors, grammatical errors, layout, content, graphics and the general production of the book. To a great extent, I was thinking what will people think about my book? The list is endless, but guess what, it came out really good and it has become the biggest achievement in my life which has given me the biggest opportunity and fame.

There is no major success without risk. Many people have goals. Only a few ever achieve them. Very few people have the gut to take the risk to truly succeed. Every major breakthrough in history – in business, science, medicine, sports, etc. – is the result of an individual who took a risk and refused to play it safe. Their innovation is the result of their adventurous spirit. They invent, achieve, surpass, and succeed because they dare to live beyond the realm of normal.

Let’s see some of the advantages of taking risk in life.

  • Great, otherwise unforeseen opportunities often come from risk-taking. You must truly dare to succeed.
  • Taking risks shows confidence and helps you stand out.
  • We learn from risks — and those lessons may lead us on an important, new experience. If you try something new and you didn’t succeed, don’t think you failed, rather see it like you had an experience.
  • Success won’t fall in your lap — you have to pursue it by stepping out of your comfort zone.  Moral: You don’t achieve your dreams by playing safe. Successful people thread uncommon paths many people dare to  take.
  • Embracing risk-taking helps you overcome a fear of failure. In life, you either succeed or fail. It’s either a yes or no answer. If you don’t take risk you might not succeed, if you take the risk you might succeed, so either way, it’s good to take the risk and experience the outcome.

The question now is, what kind of risk are you suppose to take? The major difference between great mind and ordinary people is that great minds take calculate risk. They explore so many options available to them by testing the waters with one foot by questioning their minds: What’s the best-case scenario? What’s the worst-case scenario; What’s the most likely scenario? These are what sets great and ordinary people apart. They don’t follow the bandwagon. They create their own path. One of my inspirational mentors who took a calculated risk is Tony Elumelu. He was the driving force behind the rise of the United Bank of Africa. He has proved his passion for risking by empowering successful applicants to this foundation program (Tony Elumelu Foundation) with $5,000 non-refundable seed capital to grow their entrepreneurial business. Great risk takers may act and sound silly in the eyes of men, but deep down their heart, they have an idea of what they are working on. Their strongest strength comes from the fact they are passionate about what they are doing and therefore they go the extra mile.  But what sets successful people apart from others is that after they have conducted their research, they ACT! They take the leap.

Financially, successful people are not afraid to invest in themselves. I once read an article of a great entrepreneur who took the risk to pay a huge sum of money to learn from an investor coach who is very big on marketing. Ordinary, that was a huge sum of money he paid because the organizers of the event would have disappeared or  package a program which might not have more to offer just the usual sweet talk from marketers to promote their business, but guess what, after three months of studying the product, his profit rose to about 200% every quarter of the year and in three years, he began to earn millions of dollars. This is another great example of the power of investors.

My question to you is, are you willing to take a risk to succeed?

 

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Corruption Allegations: NMDPRA Boss Farouk Ahmed Meets Tinubu, Resigns

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The Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has resigned following a meeting with President Bola Tinubu amid corruption allegations.

Tinubu, on Wednesday, summoned Ahmed to the Presidential Villa in Abuja, following allegations of economic sabotage and corruption.

Also caught in the web of resignation was the CEO of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, according to a statement on Wednesday by Bayo Onanuga, special adviser to the president on information and strategy.

Tinubu was said to have nominated successors to the senate for approval.

“Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),” the statement reads.

“The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC.

“Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).

“To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.”

Onanuga said the two nominees are seasoned professionals in the oil and gas industry.

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Alleged Corrupt Practices: Dangote Petitions ICPC Against NMDPRA MD Farouk

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Chairman, Dangote Group, Alhaji Aliko Dangote, has formally submitted a petition to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) against the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Ahmed Farouk, over alleged corruption and financial impropriety.

The petition, dated December 16, 2025, was submitted through Dangote’s lawyer, Dr. Ogwu James Onoja, SAN, and received at the office of the ICPC Chairman, Dr. Musa Adamu Aliyu, SAN.

In the petition, Dangote called for the arrest, investigation and prosecution of the NMDPRA boss, alleging that Farouk has been living far above his legitimate means as a public servant.

Dangote specifically accused Ahmed Farouk of allegedly spending over seven million United States dollars on the education of his four children in Switzerland, paid upfront for a six-year period, without any lawful explanation for the source of the funds.

According to the petition, the four children and their respective schools in Switzerland were clearly identified, along with the amounts paid on their behalf, to enable the ICPC verify the allegations.

The industrialist further alleged that Farouk Ahmed had been using his position at the NMDPRA to embezzle and divert public funds for personal gain and private interests, actions which he claimed had recently triggered public protests and widespread criticism of the agency.

Dangote maintained that Ahmed Farouk has spent his adult life working in Nigeria’s public sector, adding that his cumulative earnings over the years could not reasonably account for the alleged seven million dollars reportedly spent on the overseas education of his children.

“It is without doubt that the above facts in relation to abuse of office, breach of the Code of Conduct for public officers, corrupt enrichment and embezzlement constitute gross acts of corruption, for which your Commission is statutorily empowered under Section 19 of the ICPC Act to investigate and prosecute,” the petition stated.

It further noted that under the same section of the ICPC Act, any person found guilty of such offences is liable to imprisonment for a term of five years without an option of fine.

Dangote urged the commission to act decisively, stressing that the ICPC, alongside other anti-graft agencies, is strategically positioned to investigate and prosecute corruption-related offences.

“In view of the foregoing, we call on the Commission under your leadership to investigate the complaint of abuse of office and corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting,” the petition added.

The Dangote Group Chairman also expressed confidence that the matter, being in the public domain, would not be ignored, urging the ICPC to act in the interest of justice and to protect the image of President Bola Ahmed Tinubu’s administration.

Dangote further pledged his readiness to provide additional evidence to substantiate his allegations of corrupt enrichment, abuse of office and impunity against the NMDPRA Managing Director.

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Tinubu Didn’t Win 2023 Election, Will Lose in 2027 – Abaribe

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The lawmaker representing Abia South Senatorial District, Senator Enyinnaya Abaribe, has predicted that it would be impossible for President Bola Tinubu to win second termn in the 2027 presidential election.

Abaribe, who claimed that the President never won the 2023 election, said the level of hardship Nigerians are currently facing has made them more determined to ensure that Tinubu does not return as president after 2027.

Reacting to suggestions that Tinubu has never lost an election, Abaribe, who appeared as a guest on Channels Television’s Politics Today on Monday, said, “I do not think so. Everybody loses elections, and you will see when the time comes. He will lose in 2027 because I know what Nigerians are feeling outside.”

He added: “Tinubu never won the 2023 election, and everybody knows it. But we said fine, he has been declared the winner, no problem. We acknowledge him as president, but we are going to meet him in the field, and I will see how he is going to cobble together what will make him win again.

“It won’t work, because this time everybody will be ready. It will no longer be an announcement at 3am before people wake up in the morning. This time, people are ready; we are ready, and the masses are even more ready.”

The senator, who said the economy has collapsed under Tinubu and that the president has yet to solve the problem of insecurity, wondered where he would get the votes to win in 2027.

On the defection of some opposition leaders to the ruling All Progressives Congress (APC), Abaribe vowed never to join the wave, saying he would be the last person to do so.

He said that rather than strengthening the APC as a party, the defections would deepen internal divisions and fuel leadership tussles.

“If there is anybody who is going to defect to the APC, I think I should be the very, very last one. By the time I defect, it would mean there are no parties left in Nigeria, including the APC,” he said.

“I have a very simple theory about defections. I think it is very good for us in the opposition that these defections are happening. All the APC is doing is absorbing all the problems it is going to face; they are right inside the party now. Ask yourself, in all the states where there are defections, what is going on there now?”

The lawmaker described the APC as a giant with feet of clay, saying the opposition would target its weak points during the election, leading to its collapse.

Abaribe, who reaffirmed his membership of the opposition coalition, said there is a consensus among opposition leaders to unite in order to dislodge the APC from power.

The coalition has adopted the African Democratic Congress (ADC) as the platform for the 2027 elections, but many have claimed the move is a strategy to enthrone Atiku Abubakar and compel all opposition members to support him.

However, Abaribe disagreed, saying the party has yet to release its guidelines and other arrangements ahead of the 2027 elections.

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