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Adeduntan, Ahmadu, Hosa Okunbo: Gigantic Strides to Forbes Best of Africa
Published
6 years agoon
By
Eric
By Eric Elezuo
The web space was a beehive of activities Friday when the trio of Nigeria’s successful business leaders and prolific entrepreneurs, were honoured with one of world’s most glamourous awards; the Forbes Best of Africa awards.
The foremost business leaders are the Managing Director/CEO, FirstBank of Nigeria Limited, Dr. Adesola Adeduntan; Founder/Executive Chairman, Online Integrated Solutions Limited, Mahmood Ahmadu and Chairman, Ocean Marine Solutions Limited, Captain Hosa Wells Okunbo.
With all these super human achievements trailing him, only a few persons would believe that the indefatigable Adeduntan is just 51 years old. This is as a result of the achievements that have trailed his young life. Under his watch, 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 less than five 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 entrepreneurship 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.
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.
He has change the financial game, make positive impact in the economic advancement of Nigeria, and very many other countries, especially where FirstBank domiciles, and of course succeeded in bagging the prestigious Forbes Best of Africa Awards
Mahmood Ahmadu: The Man Forbes Best of Africa Cap Fits
No one was surprised when this great son of Africa was nominated as the winner of Forbes Best of Africa award. The reason is not farfetched: Mahmood Ahmadu has conquered the vast territory of entrepreneurship, leaving in his trail tales of good tidings of great joy.
An accomplished entrepreneur, Mahmood Ahmadu, who is the Founder and Executive Chairman of OIS, also known as Online Integrated Solutions Ltd, was born on September 9, 1966. He is a product of a very humble beginning. It is not by accident that his crowning coincides with his 54th birthday.
He attended ATBU and Nasarawa State University, where he obtained his qualifications. Records have it that Mahmood Ahmadu obtained further educational qualifications in the form of management, IT and communication industry courses. He has since utilized these skills to start and operate small businesses involved in the exchange of various profitable products and services.
At quite an early age during the early 1980s, Mahmood received a family inheritance with which he established his first company called A2A Communications Limited. The company, it is said, shot him into limelight as one of the pioneers in the field of GSM business, especially in Northern Nigeria with branches in almost all the state capitals. He has since shown class in the field of buy and sale, service delivery among others, establishing various facets of companies to accommodate the teeming and growing Nigerian workforce. His business activities and operations span 53 countries and five continents.
Mahmood has further leveraged on his growing goodwill over the years and dexterity in creating opportunities to expand his venture both locally and internationally. He has also raised awareness on the importance of education and has also enhanced the quality of education through scholarship programmes.

He has always aimed to be the best in whatever he does, and thus has stayed on top in managing a strong international network between IT and Telecom companies thereby boosting his capability, capacity and credibility. This has given him an edge in relating seamlessly with both the international and local business world, giving his companies a multinational presence in over 56 international locations across 10 different time zones.

Idahosa Wells Okunbo: Indefatigable Choice for Forbes Best Africa
The mark of greatness lies in the ability to point at a direction, and say this is the number of lives I have touched, impacted and given a new lease of hope. However, it is only a handful of the men of means who qualify to be dressed in this garb, and the person of Captain Idahosa Wells Okunbor, popularly known as Hosa, is the first out of a few to be so classified. It was therefore, not a surprise when he was nominated and honoured with the Forbes Best of Africa award.
Hosa’s philanthropy speaks loud and volumes, and has become a reference point in admonition and encouragement.
Born on January 7, 1958 in Benin City, Hosa, a business magnate, investor, philanthropist and trained commercial pilot of repute, is a proud product of the Reverend Robert Amos Okunbo family, who himself is a clergyman, teacher and community leader.
Okunbo started his path to a glorious career when he enrolled at the Government Primary School in Benin City, old Bendel State, now Edo State for his elementary education. He proceeded to Federal Government College, Warri, in 1971, where he sat for the West African Senior School Certificate Examination, and came out in flying colours.
As a scholar, who was not confused as regards the path he wishes to follow, he made his choice early in life to become a pilot. Consequently, he pursued his desire by studying at the Nigerian Civil Aviation Training Centre, Zaria, Kaduna State, and became a professional commercial pilot at the age of 21. He also attended ACME School of Aeronautics, Fort Worth Texas in 1983, where he obtained an Airline Transport Pilot License.
At the age of 25 in 1983, Okunbo was made a captain. He practiced his trade as a flight captain with Intercontinental Airlines for about two years, before moving over to Okada Airlines where he served with honours for another three years.
In 1988 and at the age of 30, he retired from piloting having recorded over a whopping 7,000 hours of flight time, and ventured into private business, a calling that further launched him into the cycle of philanthropy.

With his hands in many pies, Okunbo established Hoslyn Ventures Nigeria Ltd., a company that was saddled with procurement in the Nigerian petroleum sector. Hoslyn Ventures was an indigenous oilfield service company that was responsible for the Early Production Facility (EPF) project at Nigerian National Petroleum Corporation (NNPC) between 1998 and 2001.
More so, he had served in many capacities including chairmanship or directorial position on numerous company boards in Nigeria in various business sectors such as the agro-allied, petroleum, telecommunications, power, real estate and banking industries.
A man of diverse intelligence, who has investments in many businesses, Okunbo founded the following companies, which he also sits atop as chairman:
- Wells San-Carlos Agro Farms Ltd., which, in March 2016, unveiled a $750 million, 9,000-hectare (22,000-acre) farm intended to “create 85,000 jobs in Edo State”.
- Ocean Marine Security Ltd., an offshore asset-protection company, rendering services to major oil companies in Nigeria, including NNPC. Wikipedia reported that the company recently completed the building of the 46-kilometre (29 mi) Escravos–Warri Crude Pipeline, which was inaugurated by Nigeria’s former Minister of State for Petroleum, Emmanuel Ibe Kachikwu.
- PPP Fluid Mechanics Ltd., a marine and logistics company
- Westminster Security Solutions Nigeria Ltd, a franchise of Westminster Group Plc UK, of which he is major shareholder.
- Wells Group of companies, which include Wells Dredging Ltd., Wells Property Development Company Ltd., and
- Wells Entertainments Ltd. – through which Okunbo financed the movie Black November.
- OMS Tankers Ltd., which owns Nigeria’s first marine tankers.
- Hoslyn Habitat Ltd., which is a design, construction and landscaping company.
- Gyro Air Ltd., operators of charter flight operations.
Okunbo is a director in the following companies:
- Joint Marine Environ Guard Ltd. (JMEG)
- Secure Anchorage Area Ltd. (SAA)
- Digisteel Integrated Services Ltd.
- Phil Nugent Nigeria Ltd.
- Integrated Energy Distribution and Marketing Ltd. (IEDM), which is a core investor in Ibadan and Yola Electricity Distribution Companies.
Okunbo is member of the Board of Directors of NatCom Development and Investment Ltd., which is the holding company Nigerian telecommunications giant NTEL.

Capt. Hosa Okunbo
In 2012, Okunbo received the Africa Titans Award from the Congress of the United States in collaboration with the African Society Summit, in recognition of “strides on behalf of Africa in the international arena.” He was honoured for being one of those “who seek to project a new and hopeful light on Africa.”
In November of the same year, the University of Benin conferred on him with an honorary Doctor of Science degree.
He was granted the “Worthy Ambassador of Unity Award” as an old student of Federal Government College, Warri in March 2016.
On October 2, 2014, the Oba of Benin, Oba Erediauwa, gifted Okunbo “with the ‘Traditional Beads’ for being a worthy son of the ancient Kingdom.”
Hosa’s act of philanthropy is congenital as he is known to have expressed his benevolence to as many that has come his way. Testimonies have it that no one who comes in contact with him goes back without a smile on his face. He is known to be nice to a fault, and has seen quite a good number of his constituents through academics or profitable empowerment.
He is a very good man.
Okunbo is married and is blessed with numerous healthy and prolific children
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Terrorism: Tinubu Seeks UK’s Assistance Amid Challenges
Published
4 hours agoon
March 19, 2026By
Eric
President Bola Tinubu, on Wednesday, solicited partnership with the United Kingdom to crush terrorism in the Sahel before it engulfs the region.
“Our West African region faces complex terrorism challenges with roots in the Sahel,” Tinubu told King Charles III, Queen Camilla, Prince William, and elite guests, at a state banquet.
Speaking as the first Nigerian leader at the historic venue, Tinubu said: “As one of the largest nations within the Commonwealth, Nigeria looks forward to contributing constructively to the continued growth and vitality of this global community.
“Our West African region faces complex terrorism challenges with roots in the Sahel. Nigeria carries an enormous responsibility to help safeguard regional stability. In confronting these threats, partnership with the United Kingdom remains essential and I look forward to my meeting with Prime Minister Kier Starmer tomorrow.
“Despite these challenges, Nigeria approaches the future with hope and confidence. We are a nation of diverse and vibrant people, of young people dreaming big, of entrepreneurs with a global outlook, and of a hopeful people determined to realise their full potential.”
The Nigeria’s President said it was an honour to stand before the royal family, representing the people of Nigeria to reaffirm the enduring bonds of friendship, history, and shared purpose that have united Nigeria and the United Kingdom for several centuries.
“Allow me first to express my sincere appreciation to Your Majesty and to Her Majesty, The Queen for the warmth and generosity extended to me, my wife, Oluremi, and the Nigerian delegation.
“As the first Nigerian leader to speak here at Windsor Castle, which has served the British Crown for nearly a millennium, is particularly historic. Windsor has stood as a symbol of continuity, witnessing the steady evolution of institutions that have shaped governance, culture, and public life not only in Britain but far beyond these shores.
“Nigeria and the United Kingdom have shared more than just history; our two nations share a vision of progress and resilience. Today, we continue that journey, committed to building a future rooted in partnership, mutual respect, and common values.
“Standing here in Windsor Castle, one cannot help but reflect on Britain’s impact on modern democratic governance worldwide.”
He explained further: “The Magna Carta of 1215 laid the early foundations for the rule of law and the development of parliamentary democracy, establishing enduring ideals around liberty, accountable government, and civic responsibility.
“Great British thinkers and writers such as Thomas Hobbes, John Locke, and Edmund Burke helped to propagate those democratic ideals. Their influence continues to resonate to this day.
“The literary genius of William Shakespeare and other writers such as Charles Dickens, has enriched and shaped the English language, spoken by over 1.5 billion people worldwide.
“In Nigeria, elements of these traditions continue to inform the institutional foundations of our own republic. Our courts draw upon legal traditions rooted in English common law. Our parliamentary institutions reflect constitutional practices that evolved here over centuries. Our civil service structures have also drawn upon administrative models developed in Britain and adapted to Nigeria’s own national context.
“While institutions matter greatly, our people remain the strongest bridge between our two countries.”
He said the Nigerian community in the United Kingdom has become one of the most dynamic diaspora communities worldwide, adding: “Nigerians contribute enormously to the vitality of this nation. Within the National Health Service, Nigerian doctors and nurses play an indispensable role in delivering healthcare. Nigerian-trained doctors are among the largest groups of international medical professionals serving the NHS.”
He noted the exploits of Nigerians in the country especially in sports, saying: “in sport, rugby players such as Maro Itoje, footballers including Bukayo Saka and Eberechi Eze, and champion boxer Anthony Joshua, illustrate the remarkable human connection that links Nigeria and the United Kingdom.
“Our partnership is further strengthened through the Commonwealth of Nations, which connects 56 countries under Your Majesty’s leadership.”
He expressed confidence that the friendship between Nigeria and the United Kingdom will continue to grow.
“Finally, Your Majesty, I wish to express Nigeria’s deep gratitude to this great nation for the refuge and support it extended during the dark years of military dictatorship. Like many Nigerians involved in the pro-democracy struggle, I found safety here, and I recall that my residence was placed under Metropolitan Police surveillance for protection following threats from agents of the junta.
“That solidarity remains etched in our collective memory, and it is deeply humbling for me to stand before Your Majesty today as the President of a democratic Nigeria.
“On behalf of the Government and people of Nigeria, I thank Your Majesty, Her Majesty The Queen, Prince William and Catherine, the Princess of Wales, other members of the Royal Family, and the people of the United Kingdom for their longstanding friendship.
“In the spirit of friendship and our shared destiny, I invite you all to raise a glass with me:
“To the special bond between Nigeria and the United Kingdom, and to the bright future that we shall build together.”
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Bala Mohammed Debunks Defection Rumours, Affirms Loyalty to PDP
Published
4 hours agoon
March 19, 2026By
Eric
Bauchi State governor, Bala Mohammed, has dismissed speculation linking him with a possible defection to the ruling All Progressives Congress (APC), reiterating his commitment to the Peoples’ Democratic Party (PDP).
The governor, who also serves as Chairman of the PDP Governors’ Forum, had recently been the subject of reports suggesting he might be considering leaving the opposition party, with claims that such a move could occur within the week.
However, while dismissing the rumour shortly after presiding over the swearing-in of 17 newly appointed Permanent Secretaries at the Government House in Bauchi on Wednesday, Mohammed downplayed the claims, stressing that he had made no official statement indicating any intention to quit the PDP.
He maintained that the reports are unfounded, reaffirming his continued membership of the party.
“I find it amusing that even when I have not said anything officially, people are already discussing me as if I have moved,” he said.
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2027: Tinubu Wants to Contest Against Himself – Dele Momodu
Published
3 days agoon
March 16, 2026By
Eric
Former presidential candidate and chieftain of the African Democratic Congress (ADC), Dele Momodu, has accused Nigerian President Bola Tinubu of attempting to weaken opposition politics ahead of the 2027 general elections, reiterating his earlier warning that the country is finally drifting toward a one-party political system.
Momodu made the remarks during an appearance on Sunday Politics on Channels Television, where he delivered a sweeping critique of the current political landscape and the growing wave of defections to the ruling All Progressives Congress (APC).
According to him, democracy thrives on strong opposition parties and competitive elections, but recent political developments suggest the ruling party may be consolidating power in a way that limits meaningful political competition.
“There must be opposition politics. There must be opposition candidates, but Tinubu wants to contest against himself and it doesn’t make sense to me,” Momodu said during the interview.
He argued that the increasing movement of opposition politicians into the ruling party is creating a political environment where viable alternatives to the government are shrinking.
Momodu described the situation as troubling for Nigeria’s democracy, warning that if opposition parties continue to weaken, the country could gradually move toward a one-party system.
“A lot of people are worried that now we have virtually a one-party state. It’s a sad day for democracy in Nigeria,” he said.
The veteran journalist and publisher also suggested that many politicians aligning themselves with the government are motivated more by access to power and resources than genuine political conviction. Addressing the president directly during the interview, Momodu said some of those publicly expressing loyalty to Tinubu may ultimately betray him at the polls.
“A lot of people are deceiving you, Mr President. They are going to collect your money. They know you have a bottomless pit of money. They will collect it, but I doubt if they will vote for you,” he said.
Momodu noted that his criticism of the president was not personal, recalling that he and Tinubu were once allies during Nigeria’s pro-democracy struggle against military rule.
He said both men were active during the campaign to actualise the June 12, 1993 election won by the late businessman and politician Moshood Kashimawo Olawale Abiola.
“We were together in exile. He was very active in the struggle against dictatorship,” Momodu said, adding that his views about Tinubu’s leadership style developed over time.
Looking ahead to the next presidential election, Momodu said Tinubu could be defeated if opposition forces unite around a strong coalition candidate. He specifically mentioned former vice-president Atiku Abubakar as a potential contender capable of challenging the ruling party.
According to him, a joint ticket combining Atiku with Peter Obi or Rotimi Amaechi could significantly weaken the ruling party’s chances.
“If we have a combination of Atiku, maybe with Peter Obi, maybe with Rotimi Amaechi, Tinubu will be gone,” he said.
Momodu also insisted that Tinubu is not as politically invincible as many believe, arguing that unpopular incumbents can be defeated through strategic opposition alliances and voter mobilisation.
He further criticised the administration’s performance in several areas, particularly security and economic hardship, noting that many Nigerians are facing difficult living conditions.
“Insecurity is number one. Poverty has quadrupled. The fuel subsidy was removed and the government says more money is coming in, but Nigerians have not seen the effect of it,” he said.
Momodu added that the government should focus on addressing the country’s pressing challenges rather than concentrating on political calculations ahead of the next election.
“The president should focus on solving the problems of Nigerians now instead of thinking about 2027,” he said.
He maintained that Nigeria’s political history shows that governments that concentrate power eventually face resistance from the electorate and insisted that citizens must remain engaged in protecting the country’s democratic system.
“Any citizen who believes that Tinubu does not deserve a second term should come out boldly and oppose him,” Momodu said.
Source: thewhistler.ng
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