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Boss Of The Week

Adesola Adeduntan: Forbes’ Latest Man of the Moment

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By Eric Elezuo

Come September 11, 2020, the irrepressible Managing Director/CEO of the First Bank of Nigeria Limited, Dr Adesola Adeduntan, will add an additional feather to his cap when he is bestowed with the Forbes Best of Africa award by Forbes Africa in conjunction with Foreign Investment Network (FIN) for his contributions to the financial services sector in the country and the African continent. It must be noted that earlier in the year, Adeduntan bagged the much celebrated Cranfield University School of Management Distinguished Alumnus of the year Award. Without mincing words, the silent achiever is not new to awards.

An all rounder, the trained veterinary doctor turned visionary banker, has practically conquered every aspect of human endeavour he found himself, leading the FirstBank to a height only imaginable as the banks marks 126 years of uninterrupted banking. It would not be forgotten in a hurry that a media intelligence report presented by P+ Measurement Services, placed Adeduntan atop the list of most prominent and reputable Nigerian banking CEOs in Q2 2020. As the first quarter of 2020 was winding down, he was a guest lecturer at the Edinburgh School of Business where he spoke authoritatively on financial institutions’ role as drivers of financial inclusion

With all these super human achievements trailing him, only a few persons would believe that the indefatigable Dr. Adesola Kazeem Adeduntan is just 51 years old. He was 51 on May 7, 2019. This is as a result of the achievements that have trailed his young life. Earlier in the year, Dr. Adeduntan bagged an international award as Distinguished Alumnus of the Year by Cranfield School of Management, United Kingdom. This is even as FirstBank was named the biggest mover of 2019 according to KPMG Report within the same period. It is not incorrect to say that Adeduntan is a creative achiever.

Born Adesola Kazeem Adeduntan on May 7, 1969, in Ibadan, Oyo State, the banker started his early education at Ibadan Municipal Government Primary School (IMG), Adeoyo between1975 and 1981, for his primary education before proceeding to Urban Day Grammar School, Old Ife Road, Ibadan, where he had his secondary schooling. His excellent to duties created a space for him to become the Deputy Senior Prefect in his final year in 1986.

In the same year, he was admitted to the University of Ibadan in to study Veterinary Medicine, and qualified in 1992 as a Veterinary Surgeon, a profession he hardly practiced before switching over to financial management.

Consequently, in 1994 he joined Afribank (Nig) Plc., and was posted to the Ibadan Main Branch as a graduate trainee. He spent 18 months there learning the ropes, and working in various areas of banking operations including cash management, clearing, credit risk management, and foreign operations.

Between September 1995 and May 2002 Adeduntan worked with Arthur Andersen Nigeria, rising to become manager in the firm’s financial services industry business, leveraging on the 18 months mentorship he received at Afribank. In this role, he led and managed the statutory audit of a number of leading Nigerian banks.

In August 2000, he served as an instructor at the Andersen World-Wide Induction training for new hires in Eindhoven, the Netherlands. He also served as the lead instructor for the Local Office Basic Accounting Training and Induction course in 1999. It was while he was with Arthur Andersen that qualified as a chartered accountant in 2000.

With more feathers to his cap, Adeduntan moved to the financial services industry in KPMG as a senior manager in June 2002, and served diligently till October 2004 when he bowed out. At KPMG, he co-pioneered the firms’ financial risk management advisory services. He was also a KPMG-accredited Trainer and facilitated several internal training programmes.

When he left KPMG in 2004 to study, he pursued a Master’s degree in Business Administration at the Cranfield School of Management, where he was a British Chevening Scholar. He graduated in September 2005.

Armed with yet another great feather, Adeduntan moved to Citibank Nigeria Limited in 2005 where he became the Senior Vice-President (General Manager) and Chief Financial Officer. He was saddled with the responsibility of overseeing the bank’s financial and product control functions, quality assurance and operational risk management. he was on hand to assist the bank in its recapitalisation during the banking consolidation era.

In October 2007, he called it quits with Citibank, and a month later, pitched tent with the Africa Finance Corporation, as the pioneer Chief Financial Officer and Business Manager.

His achievement at the AFC includes leading the team that secured an A3/P2 investment grade international credit rating from Moody’s Investors Service in March 2014. This made the Africa Finance Corporation the second highest-rated lending financial institution in Africa.

In July 2014, he was appointed an Executive Director/Group Chief Financial Officer of FirstBank, where he was responsible for the bank’s financial control, internal control and enhancement, business performance management, treasury and procurement functions.

On Monday January 4, 2016, Adeduntan succeeded Bisi Onasanya, and assumed duty as Managing Director of FirstBank of Nigeria Limited, and its commercial banking subsidiaries including FBN UK, FBN Ghana, FBN DRC, FBN Guinea, FBN Gambia, FBN Mortgages, FBN Senegal, FBN Sierra Leone and First Pension Custodian Limited.

He coordinated his functions so professionally that on December 7, 2016, he was awarded the 2016 Banker of The Year award by the Leadership Newspaper “For refusing to ‘go with the flow’ even when the temptation was high and the reward substantial, and for reminding his colleagues that banking is nothing without integrity”.

A man of many beneficial and influential parts, Adeduntan currently sits on the board of the Nigerian Economic Summit Group, and as a non-executive director on the boards of the Nigeria Interbank Settlement System (NIBSS), Africa Finance Corporation (AFC), FBN Bank U.K. Ltd., Universal Payments Plc., and FMDQ OTC Securities Exchange. He is also a Fellow of the Institute of Chartered Accountants of Nigeria.

In just four years at the helm of affairs at FirstBank, Adeduntan has turned the tables and rewrote banking narratives, delving into all aspects of human endeavour to see to the development of SMEs, youth entrepreneuship among many others.

In his speech at the kick off of FirstBank’s celebration of 125 years of unbroken business operations, Adeduntan hinted as follows:

“From that very modest beginning in 1894, First Bank has traversed an incredible journey of delivering impeccable financial services to its customers and supporting the building of the modern-day Nigeria and indeed, West Africa, including our early pivotal role as the monetary and fiscal policy regulator for the entire West African region,” he said.

“As a long-standing institution, which even predates Nigeria as a unified entity, FirstBank is entrenched in the nation’s development; woven into the very fabric of society, with our involvement in every stage of national growth and development.

“At the amalgamation, independence and through the seasons ever after, we have been here marching hand-in-hand with you and our dear nation. We have enabled financial, technological, industrial and societal advancements, achieving very many firsts over time.”

Adeduntan has seen to the sponsorship of prolific enterprises to guide the youths on the right path. These include the African Fashion Week which took place at the Oriental Hotel and Youth Empowerment Seminar at the Harbour Point Event Centre. These shows among a whole lot have a lot of testimonials following.

Adesola is married to Mrs. Adenike Adeduntan and together they have three wonderful children.

For your ability to change the game, make positive impact in the economic advancement of Nigeria, and very many other countries, especially where FirstBank domiciles, and not forgetting bagging the prestigious Forbes Awards, you are once again our Boss of the Week. Congratulations sir!

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Boss Of The Week

Accolades Trail Timi of Ede, Oba Munirudeen Lawal at 70

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By Eric Elezuo

Since January 2008 when he was announced the Timi of Ede, and March of the same year, when his coronation ceremony was held till the present, Oba Munirudeen Adesola Lawal, has maintained a solid profile, which has demonstrated his capabilities and capacity to reign over his people.

As a result, as the monarch turns 70, drums have been rolled out to appreciate his benevolence, candour and humanitarian disposition in the affairs of the kingdom.

Ceasing the moment, the Executive Governor of Osun State, Senator Ademola Adeleke, sent a heartwarming message to celebrate the landmark age as well as the monarch’s achievements in 15 years of rulership.

In a statement signed by his Chief Press Secretary, and titled ADELEKE CELEBRATES TIMI OF EDE ON HIS BIRTHDAY, the governor hailed the monarch as a distinguished leader with remarkable flair for development, acknowledging his visionary and purposeful style to rulership, which has greatly impacted on the lives of subjects over the years.

He also lauded him for entrenching sense of togetherness and patriotism, which has guided the physical development and economic progress the ancient town has seen in recent time while affirming the immeasurable benefit of the counsels of the monarch in enabling peace and tranquility in the state and beyond, commending his historical role in promoting Yoruba culture and traditions.

He said: “As Oba Munirudeen turns a new age, I join family, friends and well-wishers across the globe to felicitate with him. Oba Munirudeen is a leader who prioritise the interest of his subject, exploring every opportunity to impact the lives of his people and cause admirable progress for his domain,” Governor Adeleke was quoted as saying in a congratulatory message.

“By divine guidance and Kabiyesi’s leadership prowess, Ede land has enjoyed incredible progress over the years. On a personal note, Kabiyesi is a positive influence for me, as I am always inspired by his passion to make a difference in the lives of our people.”

Also celebrating the monarch on his great day, popular hip hop sensation, Davido, gifted him a brand new GAC GS8 SUV luxurious car with total demonstration of respect and admiration for the chief custodian of Ede tradition. It is important to note that Davido is a native of Ede.

As a follow-up to the celebrations, subjects, friends, well wishers and the general public organized a well deserved party for the monarch with notable personalities including Governor Adeleke, prominent Osun government officials, natives of Ede from all walks of life and members of the Nigerian entertainment circle.

On the band stand on the day was the highly sought-after music maker, Evangelist Ebenezer Obey among others.

The monarch, regally attired with all the paraphernalia of royalty was all smiles as he interacted with guests, impressed at the barefaced show of love.

THE MAN, OBA MUNIRUDEEN ADESOLA LAWAL

As derived from Wikipedia, Oba Lawal, Laminisa II, the Timi of Ede’s life trajectory is captured as follows:

Munirudeen Adesola Lawal was born on 10 February 1956 to the family of Prince Kareem Abefe Lawal of the Laminisa ruling house and Abibat Akanke Lawal from Ile Imole compound in Ede in present-day Osun State, Nigeria. He commenced his primary school education at LA Primary School, Obada Ede from where he proceeded to Seventh Day Adventist Grammar School, Ede and in 1968, he subsequently gained admission to Baptist High School, Ede, where he eventually completed his secondary school education in 1973 and subsequently obtained his Higher School Certificate(HSC) in 1975.In 1978, he enrolled into the Adeyemi College of Education to study mathematics and chemistry dducation. He later gained admission to Bayero University where he obtained a degree in library studies and mathematics in 1984. In 1988, he enrolled for and obtained a master’s degree in business administration from Obafemi Awolowo University (OAU), Ile-Ife.

In 1973 upon the completion of his secondary school, Munirudeen Adesola Lawal got an appointment into Universal Insurance Company, where he was trained as a policy seller. In October 1975,upon the completion of his HSC,he later got a job with the Osun Central Schools’ Board and was posted to Timi Agbale Grammar School as a mathematics and further mathematics teacher. He subsequently worked in Oba laoye Grammar School, Ede between 1991 and 1992; and later secured a job at the Polytechnic Iree in December, 1992, as lecturer 2, teaching mathematics and other courses and was there until January 2008 when he was named the Timi of Ede.
Munirudeen Adesola Lawal is a Muslim and he is married with children.
From all of us at The Boss, we wish the monarch many more years of fruitful leadership, and healthy endeavours.

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Boss Of The Week

Nkem ‘Osuofia’ Owoh: When a Legend Turns 70

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By Eric Elezuo

Who could have imagined that standing in for someone to play the role of a drunkard in one of the major Nigeria sitcoms in the 1980s, The New Masquerade, would be the pedestal one of Nigeria’s funniest men, Nkem ‘Osuofia’ Owo, needed to launch big time into the world of acting, theater and entertainment. Ever since, the prolific actor has not looked back, but has broken barriers, smashed records, and has continued to be relevant even as he joined the septugerians’ club. Yes, drums are rolled out to celebrate Osuofia at 70.

Born in Enugu State, on February 7, 1955, Nkem Owoh, better known by his screen alias, Osuofia, has come of age in every facet of existence including merchandise, family and entertainment.

A graduate of Engineering from the Federal University of Agriculture, Abeokuta, Osuofia had both his primary and secondary education in Nsukka, also in Enugu State. Reports have it that his acting became noticeable at early age, and during his primary and secondary days, before getting better polished and manifested during his university days, from where he graduated to acting in various television and film productions, including writing scripts.

Although he studied Engineering, his heart belonged to creative expression through acting, writing, and singing. After completing his National Youth Service Cirps scheme, he joined WACO Engineering but left after just one year, finding leverage in opportunities to explore radio and television productions.

The Wikipedia presents more of his trajectory as follows:

In 1979, he embarked on his journey in the entertainment industry, starting as a writer at Nigerian Television Authority (NTA). He further established his writing credentials by penning scripts for notable productions, such as: The New Masquerade and Basi and Company (a sitcom created by Ken Saro-Wiwa). He also once filled in for an absent actor, playing the role of a drunkard in the groundbreaking sitcom The New Masquerade. This unexpected opportunity launched his successful career.

However, Owoh ventured into the movie scene when he was contracted to handle the subtitling for the Igbo language movie Living in Bondage upon its completion. Following the success of Living in Bondage, acting opportunities began to flood in. A year later, he landed his next significant role as a customs officer in the Igbo language movie Circle of Doom. His good performance announced his arrival on the scene, captivating producers, who not only sought him for his acting talent but also valued his scriptwriting skills.

Following Circle of Doom, he landed his third film role in Taboo which he co-scripted.

In 1995, Owoh wrote and produced the iconic film Ikuku, where he portrayed the unforgettable character, Osuofia (a drunk). His portrayal of Osuofia in the movie earned him widespread recognition, transforming him into a beloved household name. In 1997, he produced Ikuku 2 a sequel to the first movie, where he reprised his role as a drunkard. He also produced Pampam the same year, teaming up with Okey Bakassi.

The character Osuofia was once again brought to life by Nkem Owoh in Osuofia in London (2003) and its sequel Osuofia in London 2 (2004), produced by Kingsley Ogoro. His appearance in this movie earned him international recognition and also his nickname. This breakthrough paved the way for a lasting career, with continuous screen appearances from then on.

Owoh is also known for performing the song “I Go Chop Your Dollar” about advance fee fraud. The song was featured in the film The Master in which Owoh plays the role of a scammer.

Hw had had his own ups and downs in the business as well as in life. It is noted that the Nigerian Broadcasting Commission banned the song, citing it was promoting fraud. Also in 2007, he was arrested in Amsterdam, Netherlands while performing at a musical show, but was later released.

In November 2009, he was kidnapped, and a ransom N15 million naira was demanded. He was said to have been released after his family members allegedly paid a ransom fee of 1.4 million naira.

In 1998, he married his wife, Ngozi Nkem Owoh, from Amagu Village, Udi Town, who she still lives with. They were blessed with two daughters, before the cold hands of death snatched one in June 2023.

For his great efforts in the industry, Osuofia is not new to awards. In 2008, he received the prestigious Africa Movie Academy Award (AMAA) for “Best Actor in a Leading Role” for his outstanding performance in the film Stronger than Pain.

In 2017, at the 13th edition, he was honored with the prestigious Africa Movie Academy Award (AMAA) Lifetime Achievement Award.

In2012, he partnered with MTN for a multimillion-naira endorsement deal that has been repeatedly renewed.

Osuofia remains a known face to many generations of movie watchers, as well as a formidable force in the Nigeria film industry. He is a legend, having contributed more than enough to spreading in homes.

Happy 70th birthday sir…!

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Boss Of The Week

Siminalayi Fubara: Celebrating a Detailed Governor at 50

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By Eric Elezuo

What looks like the entire Rivers State was out last week, precisely on January 28, 2025, to celebrate their Governor, Sir Amaopusenibo Siminalayi Fubara, as he hit the golden age.

Leading the charge of celebrations and encomiums, was his amiable wife, Lady Valerie Fubara, who organized a surprised party for the governor, with the who’s who in Rivers State government and Peoples Democratic Party present, including former Peoples Democratic Party National Chairman, Uche Secondus; Speaker of the Rivers State House of Assembly, Victor Oko-Jumbo; and a former governor, Sir Celestine Omehia.

Superbly attired, and defeating the surprised undertone, a very elated Fubara walked side by side with his water as the entered the open venue event, with aides, we’ll wishers and staff tagging joyously along.

Speaking straight from the heart, Governor Fubara, who fought and is still fighting many battles of his political life just 20 months after becoming governor, expressed heartfelt gratitude, stating, “This morning I feel so humbled. I have been swept off my feet. Sincerely, all my life I have never subscribed to celebrating birthdays, particularly in this way. What has been done this morning, in conjunction with my wife, shows so much love and appreciation that honestly, I do not know how to pay back.”

In one moment of intense joy, the celebrant, assisted by his dear wife, performed the ceremonial cutting of the birthday cake, much to the delight of their guests. The laughter and the camaraderie that followed was a joy to behold.

The scene appeared to wipe clean all the political turmoil that has trailed the governor and Rivers State in 20 short months.

An ethnic Ibani-Ijaw, born in Opobo Town in the Opobo/Nkoro Local Government Area of Rivers State on January, 28 1975, Fubara was sworn in as the governor of Rivers State, on May 29, 2023, after winning his electoral victory on March 18 of the same year.

He previously served as Accountant general of Rivers State, under Barr Nyesom Wike as governor.

Fubara had his primary education at Opobo Primary School and on completion, attended Comprehensive Secondary School, Opobo, before proceeding to study Accountancy at the Rivers State University of Science and Technology. He followed it up with an MBA and MSc degrees in 2013 and 2016 respectively from the University of Port Harcourt.

Fubara started his career in 2003 as a Principal Accountant with the Rivers State Senior Secondary Schools Board. He rose to the position of director of finance and accounts at the State’s government house in 2015 and rose to the position of Permanent Secretary in March 2020. He was appointed the Accountant General of Rivers State on December 23, 2020, up till May 2022, when he won the People’s Democratic Party governorship primaries for the 2023 general elections. He is a Fellow of the Nigerian Institute of Management, Fellow of Association of National Accountants of Nigeria.

Less than two years after becoming governor, Fubara has amid turbulence situations, launched out to deliver good governance to Rivers people. He is known to have signed N195.3bn contract with Julius Berger for the construction of Port Harcourt Ring Road project. The project when completed would traverse six local government areas of the state, thereby decongesting Port Harcourt. Fubara further stated the State would pay over N150 billion advance for the project. This is among many other notable projects.

Fubara is the second of five children and the first son of Late Joseph Fubara, a former soldier who had an overseas training tour of duty, and Late Love Fubara, a civil servant. He is also a knight of St. Christopher (KSC) Order of Church of Nigeria Anglican Communion. He holds the traditional title of Amaopu-Senibo of Opobo Kingdom.

He is married to Valerie Fubara and they have three children.

President Tinubu Celebrates Governor Siminalayi Fubura at 50

President Bola Ahmed Tinubu, according to a statement signed by his Special Adviser, Information & Strategy, Bayo Onanuga, extended his heartfelt congratulations to Rivers State Governor Siminalayi Fubara on his 50th birthday.

The President lauded Fubara’s contributions to governance in Rivers State and his efforts to foster growth in the region.

President Tinubu further urged Governor Fubara to redouble his efforts in promoting peace and unity, emphasising the importance of harmony as a foundation for sustainable development.

“As you celebrate this milestone, I commend your dedication to the service of your people. Governance thrives where peace reigns. I encourage you to continue working tirelessly to bring people together, resolve differences, and create an environment where progress can flourish for the benefit of all Rivers people,” the President said.

President Tinubu wished Governor Fubara continued wisdom, strength, and success in his leadership journey and prayed for more remarkable achievements in the years ahead.

Governor Oborevwori Felicitates with Fubara at 50

Delta State Governor, Rt. Hon. Sheriff Oborevwori, in a statement released by his Chief Press Secretary, Sir Festus Ahon, commended Governor Fubara as a courageous leader who deserves recognition for his significant contributions to the governance of Rivers State.

He characterized Governor Fubara as a wise and capable individual, divinely appointed to lead the people at this pivotal moment in the political landscape of Rivers State.

Oborevwori stated, “Since becoming Governor, you have consistently prioritized good governance, focusing on improving the standard of living for the people by fostering development, peace, and security within the state.”

He further expressed confidence that Fubara’s development agenda would continue to positively influence the growth and progress of Rivers State.

“On behalf of the government and citizens of Delta State, I congratulate an outstanding professional, seasoned accountant, and my brother, Governor Siminalayi Fubara, on his 50th birthday,” he added.

“As you celebrate this milestone, I pray that God grants you greater wisdom and good health to continue your exceptional service to Him and to humanity.”

Other prominent individuals, who celebrated the governor included Party faithful, aides, loyalists, industrialists and a whole lot more.

From us at The Boss, we wish Governor Fubara more fruitful years!

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