Connect with us

Boss Of The Week

Kingsley Moghalu: Celebrating an Accomplished Administrator @58

Published

on

By Eric Elezuo

‘Seest thou a man diligent in his work, he shall dine with kings, and not with mean men’, and so it is with an administrator par excellence, whose footprints in the sands of time, have elevated to the height of the most preferred in our today’s society. He is Kingsley Moghalu, a former presidential candidate as well as a former Deputy Governor of the Central Bank of Nigeria (CBN), Nigeria’s apex financial institution.

Born Kingsley Chiedu Moghalu in Lagos on May 7, 1963 to a diplomat father by virtue of his profession, Isaac Moghalu, and a school teacher mother, Vidah Moghalu, the young Moghalu spent his early childhood in Switzerland and Washington, DC, where his father was posted.

In April 1967, the family returned to Nigeria as his father transferred his service back to Nigeria’s Eastern Region in the midst of a political and humanitarian crisis. The family lived in their hometown, Nnewi, as well as Umuahia, while the Nigeria/Biafra War lasted in two and a half years.

Kingsley resumed his studies in the 1970s when the war ended, and received his secondary school education at Eziama High School, Aba, Government College Umuahia, and Federal Government College Enugu. He later attended the University of Nigeria, Nsukka and earned a Law degree in 1986, and the Barrister at Law from the Nigerian Law School, Lagos.

A man with a great quest for learning, Kingsley obtained a Master of Arts degree in 1992, at The Fletcher School of Law and Diplomacy, Tufts University, Massachusetts, USA where he was the Joan Gillespie Fellow and a research assistant in the International Political Economy programme. He later obtained his Doctor of Philosophy in International Relations at the London School of Economics and Political Science at the University of London. As Professor of International Business and Public Policy at The Fletcher School of Law and Diplomacy he has taught, trained and inspired graduate students from more than 40 countries in North America, Europe, Africa.

Kingsley also earned the International Certificate in Risk Management from the Institute of Risk Management in London, and received advanced executive education in Macroeconomics and Financial Sector Management, Corporate Governance, and Global Strategic Leadership at the International Monetary Fund Institute, Harvard University’s Kennedy School of Government, Harvard Business School, and the Wharton School at the University of Pennsylvania. He is a niche higher than a bookworm, a classical egghead.

Mr. Moghalu began real career pursuit when he joined the United Nations in 1992. His first recorded assignment was in Cambodia as a UN human rights and elections officer with the United Nations Transitional Authority in Cambodia.

Having distinguished himself in the field, he was a year later, appointed the political affairs officer in the Department of Peacekeeping Operations at the UN Headquarters in New York. He is for all intent and purpose, a well travelled professional, and by all means an international man.

A global leader who has made contributions to the stability, progress and wealth of nations, societies and individuals across such domains as academia, economic policy, banking and finance, entrepreneurship, law, and diplomacy, he served in the former Yugoslavia as Political Advisor to the special representative of the UN Secretary-General in Croatia between 1996 and 1997. He was assigned as legal adviser to the United Nations International Criminal Tribunal for Rwanda (UNICTR) in Arusha, Tanzania, in 1997 and later promoted to the role of the international tribunal’s spokesman.

As special counsel and spokesman, he was responsible for policy development, strategic planning and external relations. The UNICTR delivered the first-ever judgement by an international court on genocide.

In 2002, finance expert was appointed to the World Health Organization in Geneva, Switzerland, as head of global partnerships and resource mobilization at The Global Fund to Fight AIDS, Tuberculosis and Malaria (GFATM), a public-private international development finance organization and social investment fund with $20 billion in assets and investments in 140 developing and middle-income countries. He was a member of the Global Fund’s senior management group that set corporate strategy, a member of the risk management committee, and was promoted to the rank of director in 2006.

In 2006, United Nations Secretary-General Kofi Annan appointed Moghalu as a member of the UN General Assembly-mandated Redesign Panel on the United Nations Internal Justice System. Working at the UN Headquarters in New York for six months in the first half of 2006, the Redesign Panel reviewed and made recommendations on how to improve the system of administration of justice at the United Nations.

The United Nations Conference on Trade and Development (UNCTAD) in Geneva, Switzerland appointed Kingsley him, in 2017, as a member of its high level Independent Expert Group on Financing for Development. The Expert Group reviewed and made recommendations on how to better achieve the Sustainable Development Goals and effective domestic resource mobilization for development in developing countries.

In December, 2008, Moghalu called it quits with the United Nations, and went ahead to establish Sogato Strategies S.A., a global strategy and risk consultancy, in Geneva.

While Moghalu was making international impact oversees, his activities were monitored back home as the then President, Umaru Yar’Adua, appointed him Deputy Governor of the Central Bank of Nigeria in November 2009 in recognition of his sterling services. He was saddled with the responsibility of managing Financial System Stability in addition to Operations, with supervisory responsibility for currency and branch operations, payment systems, and the management of Nigeria’s foreign reserves of $37 billion. Among his avalanche of achievements was leading the rollout of payment systems reforms including the development and introduction of the unique identifier Bank Verification Number (BVN). 

It was also during his tenure that Islamic (non-interest) banking was introduced. He defended the decision explaining that it was one of several measures to expand financial inclusion and not Islamization agenda. He was a member of the Bank’s Monetary Policy Committee that brought inflation down into single digits.

His large image has seen him serving as a member of the board of directors of Opportunities Industrialization Centers International in Philadelphia, a non-profit global entrepreneurship development organization founded by the late US civil rights leader, Reverend Leon Sullivan.

He was also a member of the Monetary Policy Committee (MPC), the Committee of Governors (CoG), and the Board of Directors of the CBN, and also served as a member and representative of the CBN in the Economic Management Team of President Goodluck Jonathan. He served as the Chairman of the Boards of Directors of the Nigerian Export-Import Bank (NEXIM) and the Financial Institutions Training Centre, and as a member of the boards of the Asset Management Corporation of Nigeria, Securities and Exchange Commission (SEC), and the Kuala Lumpur-based Alliance for Financial Inclusion (AFI). He also represented the CBN as a member of the Board Executive Committee of the International Islamic Liquidity Management Corporation, headquartered in Kuala Lumpur.

He has been known to stand for truth and professionalism, and this at one time put him at loggerheads with his boss, Lamido Sanusi, who was the CBN governor. Sanusi had alleged a $20 billion fraud at the country’s publicly owned oil corporation. Moghalu disagreed with the manner in which his erstwhile superior handled the sensitive controversy. He expressed frustration that Sanusi had overstepped his role as the head of the central bank and crossed into political activism, but emphasized his support for Sanusi’s leadership in monetary policy. Sanusi was to praised his contributions later, and endorsed his presidential ambition, the same way the Ooni of Ife, Adeyeye Enitan Ogunwusi and nobel laureate, Wole Soyinka, did during the 2019 Presidential election.

In October 2019, he resigned his membership of the Young Progressives Party, to focus in the immediate future on advocacy for electoral reform through the non-partisan citizens movement To Build a Nation (TBAN).

Moghalu has built men and institutions in his 58 years of existence. He is also the president of the Institute for Governance and Economic Transformation (IGET), a public policy think tank, and a Non-Resident Senior Fellow at the Council on Emerging Market Enterprises at the Fletcher School at Tufts University and is the United Nations Development Program (UNDP) Special Envoy on Post-COVID Development Finance for Africa. He is a member of the Advisory Council of the Official Monetary and Financial Institutions Forum (OMFIF).

An Officer of the Order of the Niger OON, Kingsley served as the Chairman of the Boards of Directors of the Nigerian-Export-Import Bank (NEXIM) and the Financial Institutions Training Center. He was also a Member of the Boards of Directors of the Central Bank of Nigeria, the Securities and Exchange Commission of Nigeria, the Asset Management Corporation of Nigeria, and the global Alliance for Financial Inclusion (AFI).

An international keynote speaker and writer of international repute, Moghalu has the following books to his credit; Build, Innovate and Grow: My Vision for Our Country; Emerging Africa: How the Global Economy’s ‘Last Frontier’ Can Prosper and Matter; Global Justice: The Politics of War Crimes Trials; and Rwanda’s Genocide: The Politics of Global JusticeHe also has an essay in the book Bretton Woods: The Next 70 Years (2015).

In 2014 Moghalu delivered the Thomas Hodgkin Memorial Lecture at the University of Oxford.

Among other honours attached to his name is the degree of Doctor of Laws (LL.D.) Honoris Causa by Anambra State University, and Fellowship of the Chartered Institute of Bankers of Nigeria (FCIB). He is the recipient of the Rotary International Distinguished Service Award, and the “Against All Odds” Achievement Award of the African Women Economic Consortium.

In 2019, the Federation of West African Freelance Journalists Association named him “Nigerian Political Icon of the Year” in what the association called “the Nigerian Political Achievers Hall of Fame”.

A visionary thinker and philanthropist, Moghalu has founded the Isaac Moghalu Foundation, a non-profit organisation that provides support for literacy, educational institutions, and access to education for underprivileged children in rural communities in Nigeria.

He is a traditional title of Ifekaego of Nnewi Kingdom, conferred on him by HRH Igwe Kenneth Onyeneke Orizu III.

Moghalu is happily married to Maryanne Onyinyechi Moghalu since 1994, and they are blessed with four children.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Boss Of The Week

Behold the New Bobagunwa of Osogboland, Igbalaye Teslim Adekunle

Published

on

By

By Eric Elezuo

The constantly improved city of Osogbo was agog weekend when the Secretary to the Government of the Osun State, Igbalaye Teslim Adekunle, was installed as the Bobagunwa of Osogboland, replacing his late father, Alhaji Abdulrasheed Igbalaye, who was the pioneer Bobagunwa of Osogbo.

The installation of Teslim Adekunle mark the continuation of visionary leadership, a legacy built on profound patriotism and a relentless commitment to the progress of people of Osogbo in particular, and Osun State in general.

The occasion, a combination of pomp, grace, culture and class, drew together the who is who in Osun, West and national politics to the land that bustles with melodious springs.

This venue was the royal palace of Ataoja of Osogbo, His Royal Majesty, Oba Jimoh Oyetunji (Larooye II), who presided over the ceremony, and had the singular honour of conferring the prestigious feather on the new Bobagunwa.

As early as the first light of the d-day, guests from all corners and walks of life, some, who had arrived the day before, began trooping into the colorful premises of the palace with giant billboards showcasing the about to be installed Bobagunwa and the royal father.

From afar as well as near, dignitaries including traditional rulers, government officials, captains of industries, entertainment buffs, students organisations, community groups, youths and the general public, all converge to witness the glory of a man many believe is a force to reckon with, in both community relations and political administration.

Among notable names present were the Osun state Governor, Senator Nurudeen Ademola Adeleke; the Deputy Governor, Prince Kola Adewusi; former governor of the state, Prince Olagunsoye Oyinola; former Osun state Deputy Governor, Mrs. Titi Laoye-Tomori and her husband; Oba Abolarin Adedokun, Speaker, Osun State House of Assembly, Rt. Hon. Adewole Egbedun; Deputy Speaker, Rt. Hon. Akinyode Abidemi Oyewusi; Chief of Staff to the Governor, Alhaji Kazeem Akinleye, Senator representing Osun West Senatorial District, Sen. Lere Oyewunmi, Senator representing Osun Central, Sen. Olubiyi Fadeyi-Ajagunla, State PDP Chairman, Hon. Sunday Bisi, Former Chief of Air Marshal, Air Marshal Oladayo Amao; Araba Ifayemi Elebuibon, Mr. Oye Balogun the Secretary to the Kogi State Government, Dr. Folashade Arike Ayoade, the Timi of Ede Land, Oba Munirudeen Lawal, Hon. Adewale Morufu Adebayo, and a host of other eminent personalities.

Glad in prestigious all red traditional babariga attire, Igbalaye arrived the venue, in company of his wife, children and aides to a rousing welcome of acceptance. The team could not help but respond to the melodious sounds emanating the drums of the itinerant drummers, with corresponding dance steps.

It was not long before the Ataoja, in full view of the guests, including Governor Adeleke, performed the rites of installation, and pronounced Igbalaye, the new Bobagunwa of Osogboland to a loud applause that ricochetted across the length and breadth of Osogboland. He enjoined the new Bobagunwa to uphold tradition and its institutions, and never betray that trust of his people. He harped on the sanctity of the title, and advised the bearer to remain a beacon that he has always been.

In his response as the Bobagunwa, Teslim Adekunle, promised to extend the legacy of truthfulness, honesty, leadership and hard work as handed down by the previous Bobagunwa.

With happiness visibly showing on his face, the Bobagunwa conducted himself round the venue, exchanging pleasantries, in apparent performance of his first official duty as the stool occupier.

In his brief remarks, Governor Adeleke, known for his jovial disposition and dancing prowess, congratulated the new Bobagunwa, and task him to bring unity to not only Osogboland, but the entire Osun State and Nigeria at large. He also thanked the Ataoja for the honour his SSG, noting that the royal father has been a supporter of the administration towards delivering good governance.

The stage was practically set for music, dance and good food, and every attendee had his very full. King Sunny Ade was on hand to make that guest enjoined the best of dancing and music

According to tradition, the title of Bobagunwa is conferred upon deserving sons of the land, and carries immense prestige, aa well as comes with responsibilities.

It is those, like Teslim Adekunle, who have played a significant role in the growth and development of the city in the past, and are committed to the future development of the state in culture and tradition, infrastructure and general growth, are eligible for the honour.

Bobagunwa, a Yoruba language word, which means “to reign with the king” is a clear testament that Teslim Adekunle is qualified to be a confidant of the reigning king. And by implication, demands express commitment and dedication to the king of Osogbo, who is the Ataoja.

Continue Reading

Boss Of The Week

African of the Decade: Akinwumi Adesina Wins More Laurels

Published

on

By

By Eric Elezuo

The President of the prestigious Africa Development Bank (AfDB), Mr. Akinwumi Adesina, is not a stranger to awards. Not just awards, but high profile and prestigious awards.

Only last March, the distinguished president, who has served in various categories of human endeavour as his career trajectory can permit, was awarded the much sought after Obafemi Awolowo Leadership prize in the presence notable dignitaries. Today, Adesina has won again, this time, the inaugural African of the Decade Award. A landmark achievement, and the first of its kind.

Celebrating the landmark honour, his establishment, the AfDB wrote as follows:

“In a milestone celebration of African leadership, Dr. Akinwumi Adesina’s decade-long impact on continental development has earned him the inaugural “African of the Decade” award. The African Development Bank Group President received this distinguished honor(link is external) at last week’s Africa Investment Forum in Rabat, marking a defining moment in the history of the All-Africa Business Leaders Awards.

“The prestigious award, introduced by the ABN Group in collaboration with CNBC Africa, honors individuals who have made a lasting and profound impact on the continent. Dr. Adesina, who will conclude his 10-year tenure as head of the African Development Bank Group next year, is widely celebrated for his visionary leadership and achievements in improving the lives of millions across Africa.

“ABN Group Chairman Rakesh Wahi presented the award to Dr. Adesina during the 2024 Africa Investment Forum in Rabat, Morocco. In a citation read by CNBC Africa Chief Editor Godfrey Mutizwa, the awards committee praised Adesina for his unwavering commitment to ethical and responsible leadership and his ability to drive meaningful change across Africa, particularly through the Bank’s High5 strategic priorities.

“Dr. Adesina has demonstrated a significant impact on the African continent through innovative solutions, projects, or initiatives that address the continent’s pressing socio-economic and environmental challenges. He has consistently shown leadership, vision, and dedication, driving positive change in sustainable development in Africa,” Wahi said.

“The awards committee highlighted Adesina’s innovative collaborations, including leading the African Development Bank in a groundbreaking partnership with the World Bank to provide electricity access to 300 million Africans.

“The award also recognizes Adesina’s earlier role as Nigeria’s Agriculture Minister.

“Over ten years ago, Dr. Akinmumi Adesina’s impactful tenure as Nigeria’s Minister of Agriculture revolutionized the country’s agro-industrial value chains and transformed the lives of millions of small-holder farmers,” Wahi stated.

“Under Adesina’s tenure, Nigeria ended 40 years of corruption in the fertilizer sector by developing and implementing an innovative electronic wallet system, which directly provides farmers with subsidized farm inputs at scale using their mobile phones.

“Since assuming leadership of the African Development Bank in 2015, Adesina, a World Food Prize laureate, has been instrumental in attracting global investment, championed innovative development strategies, and consistently positioned Africa as a continent of immense potential and opportunity.

A person and person holding a trophyDescription automatically generated

“Accompanied by his wife Mrs Grace Yemisi Adesina, the African Development Bank president expressed his gratitude for the honor, describing the award as a testament to what is possible in the transformative power of Africa’s potential. “I dedicate this recognition to the resilient people of Africa and all those working tirelessly to advance the continent’s development,” he said.

“God did not make a mistake when he made me an African…and I will do all I can, to my final breath, for Africa,” Adesina vowed.

 

THE MAN, AKINWUNMI ADESINA

Akinwunmi Adesina is one Nigerian who has left the footprint of achievements, nostalgia, accomplishment and determination in the sands of time, culminating in his unequivocal acceptance by well meaning peoples of the earth.

Born to a Nigerian farmer in Ibadan, Oyo State, on February 6, 1960, Adesina attended a village school and graduated with a Bachelors in Agricultural Economics with First Class Honors from the University of Ife, Nigeria in 1981. He was basically the first student to be awarded this distinction by the university. He followed up his studies at Purdue University in Indiana, briefly returning to Nigeria in 1984 to get married.

Afterwards, he returned to school, obtaining his PhD (Agricultural Economics) in 1988 from Purdue, winning the Outstanding Ph.D Thesis for his research work in the bargain.

Adesina’s professional career kicked off proper in 1990, when he served as a Senior Economist at West African Rice Development Association (WARDA) in Bouaké, Ivory Coast. He served till 1995.

He worked at the Rockefeller Foundation since winning a fellowship from the Foundation as a senior scientist in 1988. From 1999 to 2003 he was the representative of the Foundation for the southern African area. And from 2003 until 2008, he was an Associate Director for food security.

In 2011, he was appointed Nigerian Agriculture Minister, a post he held till 2015 when the administration of former President Goodluck Jonathan ended.

Adesina was named as Forbes African Man of the Year for his reform of Nigerian agriculture. He introduced more transparency into the fertiliser supply chain. He also said that he would give away mobile phones to farmers but this proved too difficult as a result of lack of mobile network in rural areas.

Also in 2010, United Nations Secretary General, Ban Ki-moon appointed him as one of 17 global leaders to spearhead the Millennium Development Goals.

On May 28, 2015, just before he completed his tenure as the Nigerian Minister of Agriculture, a position he had held for four years, Adesina was elected the presumptive President of the African Development Bank. He began his tenure of the office on September 1 2015. He is the eighth president in the organization’s history, and the first Nigerian to hold the post.

On resumption at the AfDB, He launched a strategy based on energy, agriculture, industrialization, regional integration and bettering Africans’ lives. The Board of Executive Directors approved the reorganization of the structure around these five priorities.

In September 2016, Adesina was appointed by United Nations Secretary-General Ban Ki-moon to serve as member of the Lead Group of the Scaling Up Nutrition Movement.

In 2017, he was awarded 2017 World Food Prize. Upon receiving the prize on October 21, 2017. Adesina donated the $250,000 he received to the development of African youth in agriculture. That is how generous and benevolent he is.

As an Agricultural Economist, Dr. Akinwumi Adesina has been a leader in agricultural innovation for over 30 years. He has contributed greatly to food security in Africa, aimed at improving the lives of millions currently living in poverty, throughout the African continent. The Sunhak Committee acknowledges Dr. Akinwumi Adesina’s achievements in promoting Good Governance of Africa, which boosts Africa’s capacity to feed itself and transform its total economies for generating wealth for millions of rural and poor African farmers.

At the Cape Town International Convention Center, the Sunhak Peace Prize Committee announced him as a co-winner of the 2019 Laureates for the Sunhak Peace Prize, with Waris Dirie, 53 year-old world-class supermodel and anti-FGM activist.

The Sunhak Peace Prize honors individuals and organizations who have made significant contributions to the peace and the welfare of the future generations. The Sunhak Peace Prize includes a cash prize totaling one million dollars. He received the award in February, 2019 in Seoul, Korea.

Dr. Akinwumi Adesina has been a leader in agricultural innovation in Africa for over 30 years, bringing great improvement to Africa’s food security, contributing to Africa’s dynamic growth. His leadership is building stepping-stones for Africa’s dynamic growth.

Dr. Akinwumi Adesina pioneered major transformations in the agricultural field, including expanding rice production by introducing high yielding technologies, designing and implementing policies to support farmers’ access to technologies at scale, increasing the availability of credit for millions of smallholder farmers, attracting private investments for the agricultural sector, rooting out the corrupt elements in the fertilizer industry, and assisting in establishment of major agricultural policies for Africa’s green revolution.

The “Africa Fertilizer Summit,” which he organized in 2006, was one of the largest high-level meetings in Africa’s history that had a focus on solving Africa’s food issues. During this Summit, Dr. Adesina was instrumental in developing the “Abuja Declaration on Fertilizer for the African Green Revolution,” whereby the participants stated their commitment to the “eradication of hunger in Africa, by 2030.”

Dr. Adesina has worked with various banks and international NGOs in order to create an innovative financing system, providing loans to small farmers, providing a way for them to rise out of poverty. This move leveraged $100 million in loans and provided opportunities for small farmers to increase their agricultural productivity, and their income.

His stewardship as the president of the African Development Bank Group, has continued to ensure a central role in Africa’s development. As an “economic commander” of Africa, he promotes the “High 5 Strategy” that include: light up and power Africa, feed Africa, industrialize Africa, integrate Africa and improve the quality of life for the people of Africa. As a result of his work, the lives of millions of people throughout Africa have been improved.

He was instrumental in gathering no fewer than 200 leading African political, business, and diplomatic leaders in Johannesburg for the 8th African Leadership Magazine Persons of the Year Award dinner. He was the cynosure of all eyes. Adesina’s achievements shone like a million stars as he was named and honored as the African of the Year 2019, the most popular vote-based third-party endorsement in Africa.

The event which was themed ‘Africa for Africans – Exploring the Gains of a Connected Continent’, brought together dignitaries including South African Deputy President, David D Mabuza, South African Ministers Nkosazana Dlamini-Zuma and Lindiwe Zulu, and Dr. Ken Giami, Publisher of African Leadership Magazine.

In his usual self, he delivered a keynote speech on the night that speaks of his passion for the continent. Much as he deserved the honour by every standard, he nonetheless expressed deep humility in being recognised, clasifying his giant strides as ‘modest achievements and contributions to Africa’.

“Humbled to be nominated by what I gather to be 60% of the votes cast by some 1 million people, humbled to be at the helm of an organisation that is making a tremendous difference across Africa – the African Development Bank. An organisation that is daily making prosperity a reality,” he said.

He dedicated the award to his wife, Grace, the Board, staff, and colleagues at the bank, his mother, and “to the young mothers, struggling to bring up a child, to the farmer in search of a better tomorrow, to the youth of Africa longing for a better future, and to Africa’s journalists who risk their lives in helping to tell Africa’s true story.”

The truth remains that Adeaina has never reneged in achieving the feats.

Under his leadership, the AfDB has helped 18 million people get electricity, 141 million people get agricultural technologies, 13 million people get finance through private sector investee companies, 101 million people get improved transport services, and 60 million people get better water and sanitation.

“Africa does not need anyone to believe in her or to affirm her place and position in history. Africa will and must develop with pride. For right on the inside of us, as Africans, lies our greatest instrument of successes: confidence!” Here is a man who loves Africa with an undying passion.

On January 16, 2020, Adesina came face to face with can arguably be termed the greatest challenge of his career if not his life when allegations of ethical breaches were leveled against him by whistleblowers with the backing of the United States of America. The complaint was conveniently leaked paving the way for assault and a smear campaign.

Consequently, a high powered Ethics Committee, comprising Executive Directors representing shareholder nations, deliberated over every single dot and cross of the allegations, and in May 2020 gave Adesina a clean bill of health. In their words, the allegations were frivolous, baseless, and without merit or evidence. The report and conclusive deliberations of the Ethics Committee was subsequently sent to all Finance Ministers, better referred to as Governors of the Bank’s 81 shareholder counties, including the United States for ratification.

Not even one of the allegations stuck, making the originators bow their faces in shame. A cross section of respondents told The Boss that Adesina would have to be removed as President of the Bank and made ineligible for re-election originally scheduled for May 2020 if one allegation has scaled through.

Adesina’s watertight innocent was upheld by almost everyone that has a voice from across his country of birth, Nigeria, and across Africa.

The Nigerian government protested on hia behalf that the governance procedures of the Bank during the investigation were followed to the letter including painstaking analysis of facts, evidence and documents. It noted that the whistleblowers were even prevailed upon to produce any more evidence at their disposal, but they failed they do so. It therefore, wondered at the sudden turnaround of the United States to call for another ‘independent investigation’.

“The Ethics Committee, following three months of work to examine the whistleblowers’ allegations made against the President, dismissed each and every one of the allegations of the whistleblowers against the President as unsubstantiated and baseless.

“The Nigerian Government welcomes this conclusion of the Ethics Committee and the decision of the Chair of the Board of Governors”, the statement read. The probe committee was headed by Takuji Yano, the institution’s Japanese Executive Director.

Towing the line of the Nigeria government, a former President of Nigeria, Chief Olusegun Obasanjo, mobilised former African leaders to the rescue of the embattled president. In a letter, the former leader personally signed and copied about 13 former heads of state, cutting across all regions of Africa, Obasanjo proposed that the leaders jointly issue a press statement to support the laid down procedures embarked upon to evaluate the allegations against the President of the Bank.

Just as the Nigerian government, Obasanjo went further to highlight Adesina’s achievements, noting that under his leadership AfDB “has been actively positioned as an effective global institution ranked fourth globally in terms of transparency among 45 multilateral and bilateral institutions.”

Other achievements include taking bold measures to ensure the bank can respond proactively to support African countries and got its board of directors to approve a $10 billion crisis response facility to support African countries during the thick of the COVID-19 pandemic as well as successfully launching a $53 billion ‘Fight COVID-19’ social impact bond on the international capital market at 0.75 per cent interest rate.”

Africa Leaders, on their part, under the aegis of Concerned African Leaders, released a statement titled Leadership of the African Development Bank: A Need for Caution, announcing their solidarity with Adesina, stating inter alia:

“The African Development Bank is a pride for all of Africa, and its President, Dr. Adesina, has taken the Bank to enviable heights. At this critical time that Africa is battling with COVID-19, the Bank and its President should not be distracted.”

Nigeria’s then President, Muhammadu Buhari, personally assured him that he would stand by him, and was so elated at the announcement of his reelection, saying ‘you deserve it’. He also thanked the African Union for its endorsement of Adesina, and to the shareholders of the bank.

Adesina has been fearless in the discharge of his duties, creating many firsts and stepping on supposedly powerful toes.

“In 2019, he successfully led the Bank’s shareholder General Capital Increase from $93 billion to $208 billion. In the process, he became the first Bank President to take the risk of championing a case for increasing capital for Africa’s development during a first term in office. It was a gambit that paid off in spite of initial strong American opposition.

“In 2018, Adesina championed and helped create the Bank-sponsored Africa Investment Forum which in 2018 and 2019 attracted more than $80 billion in infrastructure investment interests into the continent. This was an unprecedented initiative. The U.S. representative was said to have considered the Forum a departure from the Bank’s original mandate. Some also saw this as an attempt by Adesina to help wean African nations off a dependency on foreign aid. Some critics also suggested that Adesina was attempting to burnish his credentials among African Heads of State via the investment forum.

Adesina is not all work; he is reportedly very close to his God. While at Purdue University, he, his wife, along with another couple, started a Christian group called the African Student Fellowship. He and his wife Grace have two children, Rotimi and Segun.

The accomplished technocrat and reputable entrepreneur is sure to quadruple his achievements of the last couple of years by the qay he is going. He is one AfDB president many would wish he continues in office even after the forthcoming expiration of his 10 years stewardship.

Congratulations sir!

Continue Reading

Boss Of The Week

Tobi Adegboyega: A Pastor and His Life of Impact

Published

on

By

By Eric Elezuo

Many see him as controversial, while a great many others see him as a known philanthropist. However, the obvious fact remains that Nigeria-born, England based pastor, Tobi Adegboyega, is busy transforming young and youthful lives into the wonders they were created to be, using his NXTION, formally known Salvation Proclaimers Anointed Church (SPAC Nation), before June 2020, a Christian denomination worship centre in East London.

Situated at The Atrium on 124 Cheshire St, London, before the UK authorities reportedly ordered its shutdown, NXNATION was established to rekindle hope in the lost and about to be lost lives, especially among black youths. This, Pastor Tobi, as he fondly called, has been doing even as he is celebrating 44 years of impactful living.

According to information ontained from the church’s site, NXTION has been “a faith based organisation that is committed in seeing the lives of young people being transformed. A generation whereby many young people have been dejected, abused and simply overlooked, SPAC NATION merely offers an alternative, whilst changing the narrative of this generation one step at a time.

“​Taking a hands-on-approach, SPAC NATION offers 1:1 mentorship/key work sessions, counselling and guidance through the means of lifestyle evangelism’’. A concept that is not common within today’s society, SPAC NATION breaks the mould…”

In a research conducted by BBC in 2019, it was observed that Adegboyega, who is said to be the cousin of Britain based popular actor, John Boyega, in collaboration with five other pastors (the generals) working with him, has helped many young people to lay down their arms and take up the bible as well as other worthy and rewarding businesses for a greater and better future, and of course many testimonies abound. Each of the pastors runs one of five churches across the capital.

Also known as PT (Pastor Tobi) by adherents, the young up and mobile Nigerian pastor is always the cynosure of all eyes during his services, which more than anything, takes the shape of a celebration, and the message is principally ‘prosperity gospel’ – a belief that God rewards his followers with material wealth – and the more they give, the more they will be rewarded.

Like every stylish preacher, Adegboyega attracts condemnation from most people who do not know how his church is run, and others who may have been fed with wrong accounts. But he affirmed that he has not taken anybody’s or church’s money, his flashy lifestyle notwithstanding.

PT’s denials came in the wake of claims by young followers that they have been left in thousands of pounds of debt, calling to question the church’s inner workings. But PT explains, bringing to the fore the reasons the church and its pastors sort of appear ostentatious:

“We realised young people need help. That help may be getting into college, or getting out of a gang.

“I realised that to connect with the generation you have to look like them.

“What are they looking for? Why are they attracted to drill rap? They want the shoes, and the clothes.

“We thought we’re going to do the same thing, and wear what they wear, then we’ll pass on the right message.

“I can easily pull up in a nice car among secondary school kids who may be about to start selling drugs. They ask what I do and I get them engaged.

“Once I get their attention I can pass on the right message, and tell them they’ll make money by changing their lives. We had to attract them.”

Adegboyega, himself, a pastor’s son and trained lawyer, has truly exhibited charisma in everything he has been engaged in, especially in the way he has been getting the young ones to jettison a life of crime and gangsterism to embrace the loving Word of God and genuine business. He is far from the typical everyday minister.

He said:

“SPAC is a very different kind of church. It’s not your typical church.

“We tell them there’s something better, whether that’s a start-up business, or education – if they weren’t part of our church many would be in prison, or dead.”

The wealth on display, apparently is also a cause for concern, given the vulnerability of many youngsters looking for a better way of life. Tobi believes that instead of allowing the youngsters seek good life through crime, it were better they are introduced to Christ, using all the trappings of the good life they envisaged.

In his church are neatly arranged rows of weapons, mostly knives, which have been surrendered by repented gangsters and small time criminals in what appears like a gangster movie.

While the church denies all allegations, vulnerable teens have opined that extortion reign supreme in the church in as much BBC reporter said she saw otherwise ‘when I spent a Sunday there’.

Tobi’s SPAC is another fortress with hefty looking and well dressed security men in their numbers, syrveying and parading the length and breath of the church. The measure, the church explains, is necessary because of the likelihood of persons coming in with weapons.

“We have very strong security measures in place. My first duty is to make everyone feel safe. The security we have, they are also from that background, so they know to sit certain people in separate areas.

“We’ve had arguments and near clashes but no one’s been beaten up because of our security.

“We have briefings every week. The head of our security has served in the military and one is an ex-policeman. We don’t do searches but we’re always keeping an eye out.

“People do bring weapons, but most do it to submit it to the church.”

He insisted that people come into the church with weapons only to surrender them. This sometimes is a consequence of appeals and admonitions overtime. He added that at sometime, guns were recovered as well as drugs.

“We’ve had guns once in a while. We’ve had a guy hand in four guns. He is still one of the leaders in church now. He said he wouldn’t go to the corner shop without a gun because he was so afraid people wanted to get him.”

Speaking further on recovered weapons, he said: “Most of these look like they’ve been taken from the kitchen, taken by young people who want to be able to protect themselves. Sometimes we’ve had rambos and samurai swords – professional knives, bought on the internet.”

Pastor Tobi Adegboyega summarised his destiny thus:

I grew up in the church, preached my first message in church at the age of 8 but, I grew to get into other things and I looked for solace and direction in drugs, education etc. 

I felt the Lord calling me back at the age of 25 years but it wasn’t going to be into the church like I had known it. I had followed the Evangelical, Pentecostal and Orthodox “movements” all my life but I knew there was something more. 

I am sent to a disenfranchised group of people. A new generation of young people, prospering on fire for God but mostly coming from difficult backgrounds. 

Some years ago, we started to speak to this set of people about three of them to begin with, now these young men and women have increased to over 2000 people, in each service. Currently we operate with over 200 ordained ministers and pastors and we operate about 17 community units across London. 

According to the BBC, nothing like this has ever been seen before. Young people coming to surrender to Christ and gang leaders and members coming to church to give up their weapons, drugs etc on the altar.

Financial times and many other television channels in the UK have recorded and reported what God is doing. We have created over 40 businesses as we create alternative lifestyles for young people in politics, business, finance, education etc. 

In an exclusive interview with The Boss a few years ago, Pastor Tobi stated the obvious about his life. See excerpts:

Why did you you step down as head of SPAC Nation?

I did that because, I did not want to be like those elders or black politicians who in their lifetimes do not hand over but allow death to take them away. I felt it was right and I knew that those who have been with me have come of age. I believed they had to be given the chance to be leaders.

That is number 1. Number two, we have expanded so much that I needed them to take up leadership that is closer to their age. So, we needed the family circle to continue. Those where the major reasons.

So what is your new role in the church now?

I oversee the work of the church globally. I am in charge of the expansion of the work. We are presently in 168 locations worldwide so it is difficult for me to continue to pastor just one church in London city, especially since I have done it for sixteen years, day in, day out.

I pastor the church globally and also train the leaders. We have over 300 leaders just in London alone. My job is to gather those 300 and give them constant training, an overview of their duties and the building of families in a church setting.

A lot of people do not understand how SPAC Nation works. What is the format? You know it is not a regular church and people quarrel with what they don’t understand?

Before I explain the format, people must understand that we are a response to something. SPAC Nation birthed as a response to something that affected young people.

There were so many young people who were going astray; who were getting into all kinds of fraud and things like that.

I grew up in the church and I know what it was like as a youth to be disconnected from the church because most young people will say church was boring.

It does not create jobs for them, it doesn’t give them any hope in the future, other than just spirituality and the hope that God will do something in their lives in the future, which may not be. Our format in a nutshell is that we are consistently responding to the situation of these youths and we have created a path for their prosperity.

Therefore, we responded to that situation first from Queen’s Road, Peckham. Queen’s Road at the time was very notorious, police couldn’t deal with it. I started to gather young people in that area until the crime rate reduced.

The efficient way we reduced crime led us to the structure. It was the same way we reduced crime in Peckham, that we reduced crime in Benton and Croydon.
I knew that if young people can find hope, practical hope, then crime will reduce in those areas. Our format in a nutshell is that we are consistently responding to the situation of these youths, and we have created a path for their prosperity.

You bring few young people together, some of them had just come out of jail, the reoffending rate in London is the highest in the entire western world. So, it means that when they come out of jail, they would keep going back again and again, so we had to find a way to break that circle.

We had to reduce or break that by giving them businesses by coming together as a community.

I started by borrowing money for the top three business ideas of our people here. I gave it to them, and they invested in business, when they did that, they did not go back into crime.

We got those people out of crime, and we repeated that template over and over again in the past sixteen years.

In the beginning, I borrowed 1,000 pounds or 2000 pounds but now, they have grown it to millions of pounds. The pastor I handed over to; I started his business; it is called Zuriel UK; it is a recruitment business, he built that from whatever amount we started with at the time, now it is worth millions. The company was featured by Financial Times in 2017.

They did a piece titled, “Streetwise Approach For young people” or something like that. The three people who started with me as part of the SPAC Nation family then included one politician that we raised, the Zuriel founder and another major gang leader that had a Chauffeuring company.

The format is that we have many Senior Pastors, we have many houses in the UK, the houses are Economic Development Centres.

I give you an example, we have a house called the House of Medics. It is led by a lady Surgeon who graduated First Class in the UK. That House is to encourage young people that are interested in the medical field to get mentored.

Like I said, we came as a response to something. We have girls who got pregnant at 14, 15; their boyfriends would have been or is in jail. So we found out that instead of just preaching to these kinds of people alone, which is what the regular churches do, we create alternatives for them.

If they say they want to be medical doctors or any part of the medical field, we lead them to the House of Medics. There, they see people who look like them, they are black, the are Africans; Nigerians, Congolese, they see them active, working in the church and also studying. They will realize that if these people’s lives can change, theirs can too.

Essentially, what you do is give hope to people who are in a state of hopelessness?

Absolutely. In practical terms that is what we do. Churches too move people from hopelessness to hope, they preach and pray. But what we do is apart from the praying and preaching, we have created systems that can practically launch and lead them to a different path.

I also have to add that the Home Office has asked us for our format and we have given them, they seem willing to adopt it. I have spoken at Number 10. From the Prime Minister, to senior officials, I have discussed what we do.

A whole documentary was done about our strategy on Sky TV and it is online, it is public. I was educating them about the House Structure. The Metropolitan Police, Scotland Yard, have led delegations to our church to learn the format for many many weeks.

So ours is a format that is tested and trusted and it has been on for sixteen years and counting.

From what you have said, SPAC Nation has indeed achieved laudable feats. How come, Pastor Tobi Adegboyega is trailed by so much controversies?

What I have done in this city, there is no single black person that has ever done it. All the offices here, they would always say there is no one person that is able to gather all these youths like I have done. The police used to say that everybody we want to talk to are with you.

I will say that I am black in a very difficult country. I am not naïve to think that good works will always lead to good accolades. There were over 1000 youths in Chelsea yesterday (November 11, 2021) for my birthday. All the major people in this country were there. But I also understand that every movement has controversies.

Everything that is unusual is controversial. We have been doing our work for years but it was 2016 that we grew very exponentially and the work became very obvious with all the barrage of accusations and rumours.

BBC came and did 5 to 6 positive documentaries on SPAC Nation, then they decided to do one negative one.

All those who took part in the first five wrote to the BBC when they discovered their motive that they were not going to part of this one, but BBC decided to do it all the same.

And of course, as humans, we then had some people from the church who said this and that happened. We have been very open, we have been investigated many times and since that 2017 not one charge, not one allegation proven. Not one.

And I am sure you know how the British media operates, not one person has been charged for any wrongdoing. So these are just rumours, we are not perfect but if it was a white person’s charity, gathering thousands of youths and turning their lives around, they would not be treated this way.

Are you saying there is a tinge of racism in the allegations and accusations that has been levelled against you and SPAC Nation? That you are being hounded because you are black?

Oh yes! Definitely. There is no question about that. We have saved the British government 210 million Pounds since 2019. We have given the government ammunitions and weapons, knives, guns etc (160). We have situations where people will not surrender their guns unless I am there.

The Police would have to call me before they will surrender. That is a lot of power. I have announced at a rally where we had thousands of young people that things will come against us.

I study movements, I have studied movements all my life, there is no way in the world that you are going to do what we are doing in a strange country that is not your country of birth and not have things come up against or thrown at you.

There was a lady who used to live with me and she got pregnant at the age of 15, you can imagine how heartbroken she was. She was able to overcome that situation, and in 2019, we encouraged her to take to politics and she later decided to stand for an election.

When she went for the office in Croydon. I went with her to the Conservative Party Convention, and I was sitting right behind Boris Johnson, the video is online. The Labour Party then believed that I was Conservative and they started all the rumours.

The Labour politician put it clearly, that he felt I wanted to expand our evangelical zeal in Croydon. Many people from his party did not support his position and I told him.

Look, Labour Party members have been to the SPAC Nation, Conservative Party members have been to the SPAC Nation and other parties too, apart from the current one, there is no serious candidate aspiring for Mayor of London that has not been to the SPAC Nation.

We usually give the opportunity to everybody but he is the one that led the charge against me and against the Nation as we call ourselves because he thinks I want to get involved in politics.

Is it the MP Steve Reed that you are referring to?

Yes.

Ok, what of the stories that you Pastor Tobi are hypnotizing these youths? What medicine are you using on them?

I am not using any medicine. It looks strange to them and they are all surprised at how far we have come because they just cannot connect with these young people.

And I can tell you why they can’t. I will start with our churches. They cannot connect with them because they do not care. When you have a church filled with young people there is no money.

So what church will spend its time on young people that can’t bring money, young people that look like they have no future.

Secondly, I went to Number 10 and we had a talk about helping young people and reducing crime. When I walked out of the door of Number 10, I was with three Special Advisers for Theresa May and one Adviser of Boris Johnson, this again is online, I realized in the course of that talk that many do not understand that before you can change a person’s life you have to connect with that person.

What I have is that I can connect with the youths. If you can connect with someone, he or she will love you. I have just been plain.

All my life in the UK, even when I was a kitchen porter here in London, washing plates and sleeping on the floor, young people have always flocked around me because of how I relate with them.

These same young people who were on the floor, some of them have graduated First Class in Computer Engineering, some of them have become millionaires, so why would they not love me?

I live my life with them. If you can be open and plain with people, especially young people, they will love you.

At the moment I live in my house with about 20 people. If you are with them you will understand them, you will connect. That is what we have done, young people figure things out quickly, they are rebels naturally.

I love young people and I know how to connect with them. Maybe that is my medicine.

People say your lifestyle is ostentatious, that you are lavish and flashy, you ride expensive sports cars etc. How did you go from washing plates to riding a Lamborghini and living like a super star?

Let me first explain to you the philosophy behind it all. Rappers rap about all kinds of things, especially in UK and US. There is a genre of music here called Drill, which talks about killing people, doing all kinds of terrible things and a lot of crime is incited through the music.

These guys drive the best cars, they are flashy and people follow them because of these things, so we thought we should do what they do and even be better, while also spreading the right message. So instead of people trooping to them, they will come to us.

Have you seen the marlian movement in Nigeria?

It is huge

Exactly, they have their own lifestyle. But the church, we lock our selves in the room, we would not reckon with them. I know many Pastor-friends in Nigeria, who have Bentleys and Rolls Royces, but hide them. I cannot do that.

We were lucky early enough to understand the language of these youths, whatever people criticize, I do not care, I go for it if it fits my purpose.

Let me tell you, before 2016, we started investing in Crypto currency, again as a result of my association with these youths, everybody was laughing at us. I said guys lets focus, at the end, we ended up taking so many people off the streets, and set them up in business with what was made from that investment. Now we have our own internal loan system that I launched yesterday.

Anyone that wants to start a business, we would give a loan without any interest. We are doing this with Knightshield which is one of the businesses started by one of the Pastors.

The ostentatious lifestyle like you call it is all about me, but trust me, I am not materialistic. I have never cared about material things.

There are people around me that we have raised over the years, I promote stuff for people, all the luxury items for example. I have never bought a car.

Really, this is shocking to hear?

That is the truth. I have never bought a car and I have never owned a car, I don’t have a car, that should be on record. But people will see you with cars and speculate. There are people in the Nation family who own these things.

Cuts: So all those Porsche, Lamborghini, and others that you cruise around town are gifts?

No they are not gifts. They are owned by businesses or people in the church. If I drive them, I speak about them or their businesses and people will patronize them, that is what has been happening.

For example, the guy who designs for Louis Vuitton, he sends me stuff all the time and say “just wear it” and talk about it.

Earlier you said you don’t have a car, how does a man of your status move around?

Like I said earlier, I have got people. I want to prove it to the world that when you have done things for people, helped people, you will have no problem. I don’t have a house anywhere else in the world except the UK. And that is the house I said I live with about 20 people, but when I get to anywhere in the world, I have people who are ready to offer all kinds of things to make me comfortable.

I don’t leave my house and go all about. If I wake up today and say I want 10 Louis Vuitton shoes, I will get 150, but I don’t need it because I have more than enough. That is my formula.

Happy 44th birthday dear Pastor Tobi!

Continue Reading

Trending