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Why We Are Celebrating Former Daily Times MDs, Title Editors – Fidelis Anosike

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By Eric Elezuo

He is an epitome of what administration and goal getting is. He is Dr. Fidelis Anosike, the president /CEO, Chairman of Folio Holdings Limited, Publisher of the respected Daily Times of Nigeria among others. In this interview, the administrator par excellence revealed the intricate nature of himself, the intrigues towards the acquisition of Nigeria’s oldest newspaper, his political future as well as other sundry issues in today’s Nigeria.

Kindly introduce yourself

My name is Fidelis Anosike. I am the president, Chief Executive Officer of Folio Holdings limited,The group comprises Folio Communications Plc, Times Multimedia Limited, 1st October Limited, folio media group folio investment and trading company.

Folio Communications Plc acquired the of Daily Times of Nigeria Limited. The company is the publisher of the Daily Times, The Sunday Times (TST) and The Business Times, The Daily Times Digital (DTND), folio Nigeria which is an afro pop digital content platform lunched in 2018 with CNN as an exclusive affiliate.www.folio.ng

The Folio Media Group (FMG) has access to the technology space and also doing a consolidated media offering to clients. the Folio Investment and Trading Company (FITC)is an investment company focused on media/creative/cultural industry investment and innovation.

We also have as part of the group, Folio Media and Creative Academy (FMCA)which is working in tandem with relevant authorities, bodies, companies/organizations to train journalists and creative industry practitioners. The aim is to train 50, 000 in those key fields in five years.

Does the Creative African eXchange perform the same function?

No, that is Folio Media and creative Academy. The Creative African eXchange (CAX.caxafrica.com) is part of the Folio Media Group. It is part of the initiative we are trying to use to consolidate the continental space of the creative and cultural industry.

Can you shed more light on 1st October and Miss Nigeria as offshoots of Folio Media Group?

1st October Limited is a publishing company that we set up in 2007 to publish the birth of Nigeria. So it has evolved overtime because we have done over 10 different publications on Nigeria and state governments, and it also went ahead in 2014 to give birth to a global public perception movement for Nigeria called Nigeria, Our Heritage.

This was launched at the Kennedy Centre, and it was the first ever African event at the Kennedy Centre, Washington DC on the sideline of Obama African heads of Government meeting. What we are trying to do with 1st October and Nigeria, Our Heritage is to see how we can transition the love of Nigerians to love of Nigeria.

We saw a gap there in terms of country branding, we want to create a platform that will enable us to use, especially Nigerians in the Diaspora to drive the love for country because at the end of the day, other countries spend tons and tons of millions of dollars in country branding.

Even the United States spends up to $240 million annually to brand their country. You see, once you are in Europe, you take a 30 per cent cut. If Aliko Dangote walks into an office in New York, and says he is a Nigerian, he takes a 30 per cent minus. That is huge! That’s one of the reasons our national development is stunted, because our brand, the brand Nigeria has so much deteriorated. Why? There are so many reasons: political instability, military government of thirty something years, advanced fee fraud, imperialistic gang up and many more. So you can see the reason it has happened over the years.

There is always a reason for everything. So we as Nigerians, what are we doing to change this for the future because people only do business with people who they trust.

Without that trust, we cannot have foreign direct investment coming to Nigeria. You can have $10 billion like in Lagos State, and you are happy, but you could have $100 billion. You can begin to see how that affects national security, the issue of banditry and so on.

The problem is image. Nobody wants to do business with anybody that is dirty. If you wear dirty clothes, you become non attractive. There are options; people can sit down in New York and put their money in Scottish windows or savings accounts and make returns.

But if you want people to come from China or America, you must present yourself in a way that even give them the opportunity to fly down in the first place before they can find out there are challenges.

There are challenges everywhere. Afghanistan is probably receiving more investment than Nigeria even as they are a war-torn country. So it is a matter of how you package yourself as a country. Nigerians must help to improve the whole because when the whole collapses, the part, which may be fantastic, will automatically collapse. That is what 1st October is doing. It is a big project. We just recently partnered with the Nigeria Diaspora Commission, and in October, we will start an immersion programme, which is going to bring 100 very young Nigerians from all the Ivy League schools in the Diaspora and bring them to Nigeria.

We will train them on issues of national development and deploy them to about 100 companies, and expose them to what Nigerians are doing right. We know that a lot of things are going wrong, but let’s amplify the right ones and let’s also inculcate this into the young people. So, it is going to be a deliberate effort to raise 1000 people young people that can become advocates for the country Nigeria.

The only thing we are going to do is positive and we can see the reverse impact. This is what 1st October is all about. This is a positive national development platform.

We have remodeled Miss Nigeria to become more than just beauty pageant, it’s more of an young female empowerment platform was founded in 1957(54years ago) it gave life to all other pageants in Nigeria. (MBGN) etc.

Our very first Miss Nigeria is still alive at 86, chief Mrs Grace Oyelude we shall also institute a commemorative lecture in her honour as a DTN icon.

Every Miss Nigeria is an ambassador of the Green Girl company, with projects like Green Dignity Kit (GDK) and Green Girl academy among others

Can you please trace your background a little; how did it all start?

My father was an Inspector of Police in the Nigeria police force. I got into the university by drawing portraits so I am a graphic and creative artist. I graduated from the
University of Benin.

I tell people that the creative industry is not just my passion; it is my job, did loads of self-development got enrolled at Harvard Business School owner president management course (OPM 39)

I am a Harvard alumnus, and being @HBS opened my eyes to how businesses are run properly.

At 24 years, I established Folio Communications, which went on to acquire Daily Times of Nigeria, the oldest surviving newspaper and noteworthy media organization in Nigeria. I regard myself as a creative and communication player.

And since then, I have been trying to see the much I can do with the resources available to me both access to capital and knowledge.

I also have investments in other areas such as water, renewable energy, and I am also financing some global companies on major research on mobility and renewable energy space.

You founded Folio Communications at 24, how did it happen?

All we need to do as human beings is pray for God to give us consciousness. If you can get consciousness at 10; you can get consciousness at 30; you can get consciousness at 70. If you pray for the grace of God, you can get consciousness early. I think I was lucky to get consciousness early.

How did I find Folio at 24? I had an uncle of mine that worked with the Central Bank, and he introduced me to the Head of Communication, Mr. Bolarinwa of blessed memory, and Mr. Amobi, and they allowed me to enter for CBN creative jobs.

At that time, when they want to make a Christmas cards, Eid cards or something like that, they make it open, and whoever wins, that is if they pick your design, you will be commissioned to do packaging.

I won on three occasions, and the price for each was 14,500 naira. With that, I was able to get my office, and went to create an ecosystem of my friends that studied graphics with me. Whenever a company that needs our services, we all make design submissions and as fate would have it, one of them always won. Together we won on many occasions for companies like First Bank, NNPC, and CBN etc.

That was how I was able to build up capital to go into the communication business. I created a standard for myself and friends and became a relationship manager for them because they were all in a paid job. Whoever’s design that was successful shared the proceeds with others. It was a case of all for one, one for all. We designed, restructured and produced all the diaries of NNPC for 2years running through open and competitive bid process.

Introduced Nigerian idioms into those diaries rather than white labeled ones from FT and co, gave it local content. All because of the love we have for the country. I am fully Nigerian; and I am proud of my ethnicity as an Igbo man. If there is no Nigeria, there will be no Igbo. None of us chose to be here, but we are here.
No one chose his father or mother, and so cannot restructure his parents. We must not use all the energy we have to think of how to dethrone what we had no hand in creating. In the past 60 years, we have been talking about restructuring; we could have used that same energy for better things.

Both Obasanjo and Jonathan had the opportunity to restructure, but they didn’t. Now, Buhari is here and you are asking him to do this and do that when you couldn’t do anything when you were there in that regard.
If all the presidents we have had, had taken up one thing and built on it, it would have been better.
Obasanjo should have picked one place and converted it to Eldorado, and same with Jonathan. If they accuse you of ethnicity, it doesn’t matter. Babangida did it with Abuja on the pretense that Lagos was not safe and proper as Federal capital. That could have been an ethnic agenda.

And today, everyone is enjoying Abuja, and no one remembers it was an Hausa man that built it.
So it doesn’t matter. If it will bring about economic development. With economic development, there will be no banditry. The question is why are we even talking about these things? The answer is for years, we have all been sitting down. The governors of the states were busy manipulating local governments, collecting security votes and doing nothing with them, and nobody made a sound. There are consequences for inaction.

What is happening today is a consequence of long-time inaction; of doing the wrong thing, and not having ideas for doing the right thing. Most of the governors were busy building airports they don’t need, but neglected the primary schools that are supposed to train people that would shape the future. They neglected education, and dwelt on less important things. So when you lose empathy, you start approaching things from the middle. That explains why conspiracy theory comes in. Then someone will start by accusing Fulani herdsmen. Those cows they rear are owned by politicians; the herdsmen are just transporters. The cows are expensive, so in the same way a bullion van carrying N5 million goes about with armed escort, well…

When exactly was Folio Communications established?

That should be in 1991. In 2004, Daily Times was put up for sale. Before then, they had tried to sell the shares through public offer through the stock exchange, but it failed, So BPE resorted to Core Investor Sale which refers to a situation where whoever buys it, takes full management control, folio Communications was already a thriving communication company, and so felt that we needed a media voice and had to create a media company.

Long before then, I was already involved in some creative work for ThisDay, and that was how I met Chief Dele Momodu. I had a lot of background knowledge. I reasoned that if I had to make my dream known, I needed a media voice. So I entered the bid as the singular company involved, others were consultants and consortiums
We were pre-qualified, and made a deposit of $10,000 and put in our technical bid. We were number one. We actually scored 81 per cent. This terrain was known to me. I learnt under Dele Momodu and Nduka Obaigbena; these are men who are far ahead of their time.

I’m sure that until Dele celebrated 60, people may have been thinking he was 90, and so was Nduka. They are my pillars including Okagbue Aduba, when it comes to how I was able to understand Nigeria and how it works. I connected with their energy which was infectious. At that point I already had $1 million for the bid bond. This is a security for your integrity, and so no bank will lend you money for a bid bond You can only finance it with equity. It is money you lose if at the end of the day, you did not pay the bid price Daily Times Bid Bond then was N100 million.

You know they had earlier tried selling it via shares, hoping people will buy and someone will acquire the majority, but nobody came in. This was because the media industry in Nigeria is not bankable; it has not been restructured so it doesn’t have capital flowing into it. We bided and attracted N1.25 billion into the media industry as far back as 2004

In our first bid, was i think N327 million, our competitor, bided N800million in their first bid. That was N500 million above us. But we knew the bid was in two rounds. Our second-round bid was N1.25 billion, while our competitor second round bid was N1.05b and we won.

When we bought and took over Daily Times, its liability was N1.9 billion; the assets were N2.3 billion; the enterprise value was N700 and something million. We bought Daily Times at almost twice the price the government was hoping to get.

It is on record, and I was about 35 years old then. Nobody would have given an Igbo man (Boy) a chance to buy Daily Times. I am a testimony that things can work in Nigeria if you believe. I had no godfather, only by faith and audacity of hope.

Daily Times has had several managing directors and top executives from southwest majorly.
The company was created by Adeyemo Alakija and the London Mirror Group. It went on to have Dr. Ernest Ikoli, Alhaji Babatunde Jose, Amb. Dele Cole, Aremu Segun Osoba, Chief Tunji Oseni, Prince Tony Momoh, Dr. Yemi Ogunbiyi, Chief Innocent Oparadike, Dr. Onyema Ugochukwu, and Chief Sam Amuka Pemu among others. The Daily Times was the biggest mouthpiece in the country.

At one time, Alhaji Babatunde Jose was asked if he would run for president, and he said he was already chairman of Daily Times. That was how big the Daily Times was. It was the fourth estate of the realm.
Because I did appreciate the enormity of what I took upon my shoulder when I took it over, the commercial problems arising from property didn’t weigh me down I am not a property person the only thing (personal property) I own in Abuja was bought with my money. No government or minister can claim to have given me any Land.

When we took over Daily Times of Nigeria there were about 400 staff in the company then, and money from the government was not going to be coming anymore. So we had to restructure. We had to downsize, and fought with the union for two years. During the fight with the union, the business was closed down. Then Hallmark Bank, which loaned us the money, took over the company. We didn’t recover the company through legal means until September, 2007. So, I acquired the company in 2004, it was hijacked by Hallmark Bank.

Everyone was interested in the assets and no one was thinking about the liabilities. We had to go to court. There was the man, Mr Adrian wood, one time CEO at MTN who joined us at Folio Communications; his mission and mandate were to revive Daily Times, and put it on the same pedestal as the New York Times. He employed people from all walks of life; both Nigerians and Africans to make it a model. We knew that without a dominant and strong media organization in Nigeria, the issues of national development will fail. That is why in America, we have Fox, CNN, etc. on their ideological beliefs, and tied to politics.

Without a strong media, there will be fragmentation, and that explains why the masses don’t have a voice – an ideological voice then becomes commercialized and a merchandise. We wanted to make Daily Times what it used to be. Thereafter, all sorts of people started taking us to court. All these people came from third parties because folio acquired Daily Times alone, Like the typical Nigerian context everything is contentious not to talk of when you acquire a national asset. We adapted to many things in the cause of all these.

The first Times Heroes Awards DTN@91 in 2017 was massively supported. We interacted with many governors in the process. We see what Nyesom Wike of Rivers State is doing today. We are proud of him. We saw the character the man brought with him to the office from day one, and gave him an award. We gave award to people like Bello of Kogi State. You know sometimes you have to encourage people with potential or you lose them. What makes you tough is working and performing in tough circumstances like Wike.

And this is why people respect Aliko Dangote, because walking out on Aliko is walking out on Nigeria. When his refinery starts operation, 90,000 people will be employed. It is about job, job, job – that is what will bring National development, difficult circumstances should not be a limitation. We use Dangote cement, and other products eg GB tomato farm/world class processing factory on thousand hectares in kebbi state and Kebbi rice and Olam Agric production establishment are domiciled in the northern Nigeria without remembering that they in the so-called Fulani area. There is good in every part of the country, and in everybody.

Why did you retain the name Daily Times after acquiring it? Is it because of its influence?

No, it is not because of the influence. Daily Times owns the largest archives. It is 95 years now, and will be 100 years in five years. How many media companies in Nigeria are 100 years old? Daily Times is beyond a newspaper company. It was here before Nigeria. It created the Nigeria Stock Exchange. It has produced two or three state governors. It is a national development company.

In the run off to our 100 years, we have created an event to celebrate icons of Daily Times – our heroes. Times Heroes. The first one that we have designed is for Ambassador Dele Cole. We are hoping to do these in their states of origin like in Port Harcourt. In Port Harcourt, it will be a two-day event. On day 1, we are going to train about 500 journalists of that area so that he can inspire local journalists of that area; tell them how young he was when he went into the media and more.

On day 2, there will be a proper lecture where the likes of Akinwunmi Adesina, Wole Soyinka and co will invited as keynote speakers. There is nothing like making impact in your home state. We have lined up about 15 of our former’s heroes. The first one will be in Rivers State because that is where Dele Cole comes from. We don’t want to keep celebrating people when they are dead; we want to celebrate them while they are alive, and learn something from them. We will talk about national development and the role the media plays.

In Nigeria, we let out heroes die without transferring knowledge. We need to have History of Nigeria because if you don’t know where you are coming from, you won’t know where you are going, we must return history to our schools. And that is what we are doing at Folio Communications. It is important therefore we get this first one right – 1st Ambassador Dele Cole Lecture towards Daily Times at 100. Secondly, we are developing a book, which Dr Onyema Ugochukwu will co edit with Chief Tunji Okegbola DTN Librarian of over 40 years to be launched at our 100-year celebration. Amb Dele Cole proved himself to be an epitome of politics without bitterness, media game changer and diplomat per excellence.

He created the legacy of The Guardian and revived the legacy of Daily Times and when the government was becoming overbearing, he created a new legacy the guardian.

The planning for the 1st Onyema Ugochukwu lecture is also on in 2022, we will celebrate Ernest Ikoli, the first ever indigenous and founding editor of the Daily Times, we are also looking at celebrating Allahaji Babatunde Jose, Aremu Segun Osoba, Dr yemi Ogunbiyi, Chief Sam Amuka-pemu,chief, Mrs Grace oyelude, 1st miss Nigeria, Prince Tony momoh.

Our goal between now and the next five years, is to institute a minimum of 10 lectures. Each of them will be in respective home state of the icon, most of them and their governors have accepted.

And they are all excited about it. And we will send a letter to Governor Wike believing he will be gracious enough to accept and host the 1st Amb Patrick Dele Cole lecture On the continent, Folio Media Group is an exclusive news affiliate to CNN. We are not advertising partners; we are content partners; we are creating products with CNN. We are currently working on a continental media project with CNN which should be finalized and announced soon towards capacity building in the continent aimed at increasing the African voice in the world and also curb fake news.

In The Daily Times, our focus has remained capacity building in media and creativity industries that is what can transform the industry to meet global standards and support national development. We, as a country need to build a competitive advantage in media and creative industry because it’s our low hanging fruit and moreover most young people want to be in that industry so jobs are massively provided. Why are we spending billions building monuments? We have 30 airports or thereabout, some of them are not working – they are not even conforming to the national aviation master plan because the governors just want to build monuments.
Why don’t we channel those funds for monuments to other stuff – things that will create jobs? The media and creative industry where our young people have been exceptional through self-help, let now be deliberate.

Let’s talk about Nigeria Politics. At the moment there are several agitations: for secession, one Nigeria and restructuring. What is your take?

My take is very simple. Of a fact, people’s views are a function of their knowledge. First of all, I will blame the government for not being proactive in the area of communication, but people should understand we are talking of banditry in Nigeria, and we still have coronavirus active. Last year was the first year that the whole country was shut down. What it means is that there will be consequences afterwards. Politicians will lose their livelihood, drivers will lose their livelihood, and when people don’t have livelihood, they look for a way out. When EndSARS was on – yes, Nigeria needed to end SARS because it cannot in the guise of solving a problem become a problem. We have to understand that Nigeria is being exploited by all manner of people, and crime is also all about exploitation.

If those people crying about secession are given a position today, they won’t talk about it again. At the end of the day, most of those cries and hues are not genuine. They are mostly based on vested interest; that is my problem, there is no problem that cannot be solved, so dialogue is key. If we shout about restructure, we should ask ourselves why hasn’t the country been restructured till today. Obasanjo was in power for eight years, why didn’t he restructure? What was his constraint? So was Jonathan after convening a national conference, there may be reasons they did not restructure, so the cries and hues are okay.

People must express themselves, but they should all work on the path leading to a true Nigeria. If we must secede or break you must explain the meaning and modalities to us; not after seceding, we begin to have issues among ourselves. So all those calls must be interrogated. Now, we have non-state actors; people that did not even go to school leading calls.

How? Governance is intellectual. You see those who do not have temperament, who do not understand good and bad leading calls because they have a voice. The cries and hues are okay though because they can form topical issues for 2023 elections. However, today, APC and PDP are the same; there is no ideology. The issues raised could become ideological, and any party willing to give what the people want would be chosen or voted into power the cries and hues are good and bad, but we need to ask ourselves what the real cause,

Nigeria from far back is seen as a rentier state. If your relation is announced as minister today, people will start congratulating you. Why? We need few good people in Nigeria to understand that where you are is better than where you are trying to be, and then work violently to convince the rest to calm down because in the next one and half years, there will be an election.

Buhari has just two years to pack and go. So let not those clamors be an opportunity for people to further rape Nigeria and take advantage of the weak system. Let it be a clamor to formulate the issues that would form the agenda for 2023. When Buhari was coming, he ran his campaign on security, corruption and economy, and so it is easy to score. Others can come with restructuring and more, and Nigerians can see how to vote in the right people. Let the past be bygone.

Given the opportunity sir, can you score the president in six years?

Yes, I think the president has done very well. I believe in foundation, and these are the foundations the president has established. What is the reason the president was able to borrow money? I challenge anyone to try and borrow N50 million, and you will understand. It is typical discipline. When the World Bank gives you money, they don’t just leave you because the money is specified for a project. This is number one. We talk about social programmes. We have an out-growers scheme today impacting on millions It was designed when Akinwunmi Adesina was Agric minister Go and check what is going on in Kebbi. By year end, you will see the number of tons of rice Nigeria will have.

The Dangote refinery has taken years; when it is completed, you will see the impact. It is a social programme because every day, we talk about subsidy, and subsidy removal cannot work without supply, and then money is channeled to every other thing.

On infrastructure, we talk about the rail lines. The rail lines of today were started by Ahmed Joda and Obasanjo. It was an $800 million loan to build various rails. This is about N6 trillion, today because of interest and non-completion, but today the projects were renegotiated and are being delivered as we can see. That was why the president was going to China back and forth. Today, you can enter a train from Lagos to Ibadan, and nobody is talking about that.

In my own region, for 15 years, we had senate president, economic adviser, and others. There are three major roads in the south: East West Road, Enugu-Onitsha Road and Enugu-Port Harcourt Road. It is only in the past six years that we have had consolidated build out. From Enugu to Port Harcourt today will take 1.45 minutes now This is a journey that previously takes three to four hours.

There is the Second Niger Bridge. I can go on and on. In technology, the issue of NIN for which Mr. Afolabi went to jail has been delivered. Yes, people may have a problem on how it is being delivered but no one can give what he does not have.

In aviation, the former governments took loans to build four airports, and the government added the 5th because the then Minister was from the southeast, she added the Enugu Airport. Abuja International Airport is delivered, Port Harcourt and Lagos international airports are delivered as well as Kano all in six years, and massive infrastructure upgrade with a reliable road map in place. Thanks to the Aviation minister, nobody would have been moving around with this banditry. He has made it possible for airlines to be coming on board. Their style may be different, but there is a method to this madness.

These are foundations that i can connect to one good thing is that Buhari has actually changed to a democratic person. In his first coming, he wasn’t democratic at all. It is a big achievement that he was able to get that transformation. I think the government has done more than average in all ramifications, and I can challenge anybody to that.

The problem we have is expectation. We can only get the government we deserve. We cannot get an Obama in Nigeria. We are all complicit. So let’s forget about Buhari and talk about 2023. Let us take the good Buhari has done and build on it; let us take the bad things he had done and correct them.

That is the kind of positivity I want from few good men. Let us not tear the house down. Different versions from different people. Will a Femi Adesina tell you that Buhari is not doing well? No.
But the main concern is how the common man is faring now and how he will fair tomorrow. Buhari’s continuation of his predecessor’s project and supporting all competent regardless of affiliation are the way to go and a big lesson to politicians. Government is a continuum, PMB’s legacy of walking across the aisle is a master stroke.

On a final note, one of the biggest reasons I say Buhari has done well is the 40-year-old Mr Bawa he appointed as Chairman of the Economic and Financial Crimes Commission (EFCC). The future belongs to the likes of him and his peers, Nigerian corrupt practices have to be reduced that’s the main threat of Nigeria. I don’t care if he appoints only Katsina people once they are competent.

The Igbos are already leading in commerce. They love competitiveness, building new frontiers. As of today, Igbo control 50 per cent of land in Nigeria; we have bought land everywhere so if you add to the five southeast states we have, we almost control half of Nigeria. To aspire for power, you must be sure you have the capacity to carry it, otherwise it will feel like an elephant on your head. National development is a journey let’s sustain building institutions

Do you nurse any political ambition?

Life is dynamic. For me to have political ambition, I must have finished what I am doing now. I have not revived Daily Times, why nurse political ambition? One can create impact from wherever he is. Politics is not a vocation. It is supposed to be corporate social responsibility. But people who have failed in their fields have found it as a sure means to buy cars and houses. These are depraved individuals; people that have complex.

To have political ambition, you must have thorough knowledge of the terrain and situation in Nigeria. You must also be sure you are going to impart on people. Until I complete the transformation of Daily times, nothing else. Even God will ask me what I have done with the one he gave me. I am constantly building relationships, learning on how I can return Daily Times to become what it used to be.

How wonderful a family man are you; married, with children…

No, I’m not married. I have not been married for 10 years, hopefully, I should be. I have been married to my job for 10 years. I won’t say I’ve been a fantastic family man. I’ve been married before. I have a daughter, who will be 14 next month, and a son, who is 11. Hopefully, I should be married soon as I am in a serious relationship/courtship.

ABOUT MR FIDELIS ANOSIKE

Dr. Fidelis Anosike is the President of Folio Holdings Limited, Folio Media Group, 1st October Publications Limited, Folio Communications Plc – publishers of The Daily Times Nigeria, The Sunday Times (TST) and The Business Times, with business interests in publishing, multimedia content creation and distribution, Renewable Energy, Smart Mobility and Investments among others.
Dr. Fidelis Anosike
Dr. Anosike is the protagonist for the Creative Africa Exchange (CAX), a creative industry consolidation catalyst (www.caxafrica.com). He also champions the Nigeria our Heritage project, a positive perception movement for Nigeria (www.noh.ng).

Folio Communications under Anosike’s leadership acquired from the Federal Government of Nigeria, The Daily Times Nigeria (founded 1926) which is the country’s oldest and most noteworthy news organisation. Over the past 16 years, Anosike has tirelessly worked to restore this National Heritage to its past glory and further take it digital/multimedia in line with current trends.

FMG incubated and launched Folio.ng in 2018, an afro pop culture and digital content platform (www.folio.ng), which is part of Folio Africa and launched with CNN as an exclusive affiliate.

Dr. Anosike is at the forefront of launching MVMO Africa, a digital distribution and monetization platform for movies, video, music and opportunities powered by V-NOVA cutting edge compression technology (LECVE). MVMO which is live in the 2nd quarter of 2021 will deliver content across Africa on low bandwidth of 2G and 3G.

He holds a Bachelor of Arts degree in Creative & Applied Arts from the University of Benin, a graduate of Harvard Business School, after wards i embarked on self-development program Owner President Management Program and Alumni of the Harvard business School; which opened my eyes to how business is been run, also holds an honorary doctorate in Philosophy from Trinity International University Georgia USA.

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Boss Picks

The Boss Man of the Decades, Dr. Mike Adenuga Jr + The Conoil Deal That Shaped 2025

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By Eric Elezuo

Love him or hate him, you can’t fault him. He is an enigma. A definition of class, humanity, intellectual discipline and entrepreneurial acumen. He is the very epitome of when the going gets tough, the tough gets going. And of course, a reference point and research material when it comes to philanthropy. Dr. Mike Adenuga doesn’t give little or give just for giving sake. He gives to sort and solve a lasting challenge. Yes, he is Dr. Michael Adenuga Jr., ‘The People’s Billionaire,’ and without introduction, the brain behind the increasingly success stories recorded at the Globacom Group, among his many other conglomerates and subsidiaries.

Known by many appellations, such as the Spirit of Africa, a rare gem, walking kindness, moon amongst the stars, owner of wealth beyond money, the mighty oak, the man with the gift of Foresight, the Bull, Pillar of sports among a whole lot more, Adenuga’s image looms large. He appears little, and achieves so much more. Hardly seen, but gracefully and consistently felt.

Adenuga qualifies for the engravement of ‘the gods have come down to us in the likeness of men’. Yes, this is because his agenda is solely centered on affecting the lives of people for the very right reasons, and that, among a plethora of many other reasons, has qualified the Duke of Giving and Enterprise to emerge as The Boss Man of the Decades.

For decades, even prior to the awesome establishment of the Glo brand, Adenuga has remained a never-say-never entrepreneur, conquering territories, breaking new grounds, establishing new vistas and reaching for new horizons. And in all, carrying along all and sundry in his gains and expansion.

Even when the business atmosphere proves cumbersome, Adenuga rises taller than usual, ensuring that dependants as well as service receivers never lack nor complain.

In 2025, among his many achievements, Adenuga exhibited one of his most prized business and entrepreneurial skills with the strategic transaction between his Conoil Producing Limited and TotalEnergies. This is one deal, whose implications stretch beyond balance sheets into Nigeria’s long-troubled oil production narrative. The humongous nature of the transaction and impetuousity associated with it have placed Nigeria on a pedestal only the likes of Adenuga can negotiate for in the oil industry. That’s how big the Bull is.

Seen as a big boost for Nigeria’s oil and gas production, the major production deal was signed in Paris, at TotalEnergies’ headquarters in La Défense, Paris, by Dr. Mike Adenuga Jr., Chairman of Conoil Producing, and Patrick Pouyanné, Chairman and CEO of TotalEnergies.

Also, in 2025, Adenuga held the most outstanding meeting with the President of France, negotiating another deal that promises extreme generosity for the Nigeria and its economic. Though the details of the deal is still close to the chest of the Chairman, its manifestation is expressing green as the ebullient colors of the Globacom Group, under the magnificent management of Mrs Bella Disu nee Adenuga.

He held similar meetings with the President of Ghana, Dr. John Mahama, earlier in the year.

In 2024, he rose from a year that has been replete with economic downturns, where several enterprises and entrepreneurs were counting their losses, and significantly raked in over United States $700 million, to shove up his fortune. A feat, only the very ready can achieve.

According to Billionaires.Africa, a news magazine that tracks the progress or otherwise of African billionaires, Adenuga, in spite of the harsh economic environment, occasioned by policy somersaults of the present administration, proved that his business acumen supercedes environmental economic variables, giving him the leverage to not only have its head above water, but to smash every available class ceiling of average.

The magazine wrote, “Amid a year marked by currency depreciation across several African nations, including Nigeria, billionaire businessman Mike Adenuga solidified his position among the continent’s wealthiest individuals and the world’s 450 richest people. Adenuga, who built his fortune in telecommunications and oil production, saw his net worth rise by $700 million in 2024, a testament to the resilience and diversification of his business empire.

“As of Jan. 1, 2024, Forbes, the U.S.-based business magazine renowned for tracking global billionaire fortunes, estimated Adenuga’s wealth at $6.1 billion. By Dec. 31, 2024, his net worth had grown to $6.8 billion, ranking him as the 448th richest person in the world. Adenuga’s wealth is anchored in his control of Globacom, Nigeria’s second-largest mobile telecommunications and digital services provider, which boasts over 60 million subscribers.”

Adenuga has proved over the decades that he is not the regular billionaire. He is of the stock that is not regulated by stock market figures, but by liquid cash. And that explains why his wealth and net worth supercedes whatever figures churned out by any institution, or any position he is placed in the billionaires’ list.

Adenuga is, for all intent and purpose, in a world and class of his own. This is because his business trajectory and personal philosophy are uniquely his, and therefore worthy of emulation.

Sitting atop one of the most cherished and subscribed network, Glo, Adenuga has not only inspired lives, and practically lifted not a few to enviable heights.

Known for his diverse investments in oil, gas, telecommunications, banking, construction, and real estate, Mike Adenuga notably shook up the African telecom sector with the launch of his telecommunications network, Globacom Limited (Glo), in August 2003.

Also referred to as The Guru, Adenuga is like the proverbial Iroko tree, who is unlike any other. In terms of humility, pedigree, magnanimity, wealth and portfolio of investments, he is one of a kind.

When the Federal Government decided to give indigenous businessmen licences in the dollar-denominated but capital-intensive upstream oil sector, Adenuga was one of those who applied.

Unlike others who sold their licences for quick money, Adenuga was vision personified, and decided to go into full scale prospecting and exploration. The gamble paid off as one of the wells that was being drilled struck oil, making his company, Consolidated Oil, the first indigenous Nigerian company to discover oil in commercial quantity. The epoch making discovery on December 24, 1991, changed many narratives.

Despite his success, Adenuga believes business must have a human face, it must add value, it must have an impact and ultimately, be socially responsible. These are some of the core values that he considers before throwing his money into any investment.

That is not all, he also firmly believes that the world is a field of battle and you must prepare to win, not some time but all the time. He’s a mountain climber like the Tibetan Monk, who believes that you must survive all odds to get to the top.

Incredible tales have been told about his amazing capacity for work. He is known to sleep very little when there is work to be done, and he expects his staff to imbibe the same work ethic. Though generous, he is said to have zero tolerance for incompetence or sloppiness. With him, one must be on their toes every time.

It is therefore, no surprise that his targeted investments and the grace of God Almighty have placed him well ahead of the authentic list of billionaires. His never-give-up spirit is well known and it is this force that has driven him to achieve feats many mortals will think are impossible.

Adenuga has no rival. He is a symbol of endurance, entrepreneurship, extraordinaire and self-made business titan, who is certainly one of the wealthiest black men in the world.

HIS EARLY LIFE

Born on April 29, 1953 to Oloye Michael Adenuga Sr and Chief (Mrs) Juliana Oyindamola Adenuga, the Yeyeoba of Ijebuland, Otun Gbadebo of Ikija and Iyalaje of Ijebu-Igbo, Dr. Mike Adenuga Jnr was not a silver spoon kid, but his parents were comfortable.

The indigene of Oru, Ijebu-Igbo, Ogun State was born and schooled in Ibadan. He attended the famous Ibadan Grammar School. He had his university education in the United States. He majored in Business administration with emphasis on Marketing.

While in school, to augment the allowance sent by his parents, he worked as a cabbie (Taxi Driver), putting in many hours of work a week. This culture of back-breaking hard work shaped him for his ambitious business adventures later in life.

HIS FAMILY

Dr. Mike Adenuga Jr is married to Mrs. Titi Adenuga (nee Adewale). She provides the comfort and stability that such an incredibly busy man requires. His children are Oyin, Babajide (Bobo), Paddy, Bella, Eniola, Bimbo, Sade and ‘Niyi Jnr. He also has grandchildren.

HIS BUSINESSES

As soon he finished his studies in the United States, Dr. Mike Adenuga Jr. returned to Nigeria. His mother was into business, and it was under her tutelage that he began trading. It is probably because of the tremendous impact that she had in his life as Business Adviser that he adored her so much. She passed on in 2005.

Dr. Adenuga Jr, who is the youngest of his parent’s five children, began by selling removable car stereos. Probably sensing his business acumen, he was allowed to run the family saw mill factory in Ogun State.

He began to steadily grow the business. First, he went into the importation of saw mill equipment, then veered into importation of beer eventually hitting it big with his importation of lace.

Recounting those early days, the businessman extraordinaire said he was returning home from a trip in the United States when he missed his British Airways flight and had to fly Swiss Air. On that flight, he was lucky to sit next to the owner of one of the biggest lace manufacturing companies in Austria.

He, it was, who convinced him before the flight touched down to give lace importation a shot. He took this advice and the reward was good. Later, he also went into tomato puree and vegetable oil. He was a sort of Jack of all trades and master of all. By the age of 26, he was already a millionaire.

As he grew older with more financial muscle, he decided to streamline his operations and look for investments in key sectors of the economy to concentrate on. That was how he began to structure the Mike Adenuga Group where he is Chairman.

When General Ibrahim Babangida decided to break the monopoly of foreigners in the oil industry and encouraged Nigerians to participate, Adenuga was one of those who took up the challenge.

His company, Consolidated Oil applied for and was granted some oil blocs. It was a very risky decision and even his mother advised him against it. He spent over $100 million on evaluation, interpretation and drilling. His courage and tenacity paid off when Consolidated Oil became the first Nigerian company to explore, discover and produce oil in large commercial quantities. Now called Conoil Producing Limited, it is currently the leading indigenous oil and gas exploration and producing company in Africa.

Years later in year 2000, he bought over the moribund National Oil and Chemicals Company (NOLCHEM), taking over the government’s majority shares. He has since injected fresh funds into the company and rechristened it Conoil Plc.

Conoil Plc has over 450 retail outlets all over the country and is the acknowledged leader of development in modern retail outlets such as mega stations and non-space pumps in new-look retail outlets. It is the market leader in aviation fuels.

Adenuga’s most ambitious project yet is in telecommunications. His company, Globacom is the Second National Operator in the country. The first is the government-owned NITEL. It is obvious that with Globacom, Adenuga is not interested in short-term profit, he is there for the long haul and of course, his desire is to give Nigerians and Africans world class telecommunication services.

When he launched the network, he was two years behind the others, Adenuga’s entry strategy was to be innovative and aggressive. He waged a price war, democratized and demystified telephone services. Today, the ultimate risk taker has taken Globacom from the nadir to the zenith of the industry.

Glo was the only operator in Africa to launch its operations on the superior 2.5G network which enabled the convergence of voice, data and multimedia technologies.

But more importantly, it launched operations on Per Second Billing, thus ensuring subscribers only pay for actual time spent on a call instead of the practice of billing customers N50 per minute even when the call cuts off at just 2 seconds. It also crashed the cost of SIM card from N30,000 to N6,999 and later N100, thereby making it possible for low income earners, students and artisans to own GSM lines today. It is now one of the most recognizable brands across the continent.

The network currently has over 60 million subscribers, and is the most preferred network in Nigeria, with a vast network of already laid fibre crisscrossing all parts of the country.

The Globacom network comprehensively covers over 400,000 communities, all the 36 states and all major highways. Globacom has highly successful subsidiary networks operating in other West African countries.

Reputed to be very hands-on in the operations of his businesses, Dr. Adenuga, whose daughter, the cerebral Mrs. Bella Disu is the Executive Vice Chairman, Globacom, still gets briefs on the day-to-day running of his business empire.

Glo 1 This is the only solely-owned high capacity submarine cable with connection to the USA and running from the UK through African and European countries. It has been and continues to be a huge commercial success at the heart of the socio-economic development of Nigeria.

It is remarkable that it is a Nigerian company that has pulled off this ambitious project. One of Adenuga’s close associates said the idea of building a submarine cable berthed when the entrepreneur went on a business trip to Paris, the French capital, sometime around 2008.

While there, he found out that telephone calls to Nigeria were epileptic unlike the connection between France and other parts of Europe. When he made enquiries about what could be done to solve the problem, he was told it was to have an international submarine cable. There and then, Dr Adenuga decided to build Glo 1, and the rest is now history. The project is a testament to the entrepreneurial spirit and foresight of ‘The Guru’.

Dr. Mike Adenuga Jr also has vast holdings in the banking, real estate and infrastructure sectors of Nigeria.

It is not hard to imagine that Adenuga is the richest man in Nigeria, and indeed Africa, and of course when one quantifies wealth in terms of liquidity, and not stocks. He is unmatchable.

HIS SUPPORT FOR SPORTS

His passion for giving is not only personal, the culture has also been imbibed by his companies especially Globacom. Through Globacom, he became the biggest supporter of football in Africa.

For so many years, the company supported the development of Nigerian sports through the sponsorship of the Nigerian Premier League and the national football teams of Nigeria when no other corporate organisation wanted to touch the assets.

Globacom spent billions of naira in developing the Nigerian league and clubs, and this culminated in Enyimba Football Club winning the prestigious Champions League twice in a row, while the Super Eagles won the Nations Cup in 2013.

In that same 2013, the company signed a N1.9 billion deal with Nigeria’s league Management Committee. The company also did same for other associations and major leagues in Africa.

Dr. Mike Adenuga Jr. also started a football revolution with the sponsorship and transformation of the yearly Glo/CAF Footballer of the Year Awards. He is the undisputed pillar of sports in Africa.

HIS GIANT STRIDES IN CULTURE AND CREATIVE INDUSTRY

Nigeria’s entertainment industry has also received a massive boost through Adenuga’s love for the arts expressed through Globacom.

No company in the nation’s private sector in the last two decades, has consistently invested largely in Nigeria’s entertainment industry like Globacom Limited.

Adenuga’s vision is reflected in Glo’s youth-driven ecosystem. There is no strata of Nigeria’s entertainment industry that you will not find the signature of Glo on it: from music to acting to comedy to sports, etcetera, the list is long.

Glo has come to be regarded as a network of stars. No corporate organization has had the kind of constellation of entertainment heavyweights as it brand ambassadors as Globacom. All through the years, the cream of the country’s musicians, footballers, literary icons, actors, actresses and comedians have either be signed on as brand ambassadors or featured in the company’s commercials.

Some celebrities who have graced Glo’s Hall of Fame include: King Sunny Ade, Ebenezer Obey, Osita Osadebe, Oliver d’ Coque, Prof Wale Soyinka, Yusuf Maitama Sule, Nelly Uchendu, Onyeka Onwenu, D’Banj, MI Abaga, PSquare.

Others are Rita Dominic, Ini Edo, Juliet Ibrahim, Matter Ankomah, Davido, Wizkid, Flavour, Gordons, Basketmouth, I go Dye, Teniola, Brother Shaggi, Mikel Obi, Victor Moses, Osaze Odemwingie, Joselyn Dumas, Michael Essien, Anthony Joshua, Tobi Amusan, Ime Bishop Okon, Asake, Chike, Kizz Daniel and a host of others.

While the commercials that featured these stars helped to market the Glo brand and make it a household name, the partnership benefited these celebrities very well as it served as strategic public relations for their individual brands and its attendant financial gains.

So far, no corporate organization has touched the lives of these celebrities like Glo. The advent of Glo has really been a blessing to celebrities in the industry and beyond. The most interesting factor is that Glo is still in the business of investing in the industry despite excruciating economic realities in the country.

This explains Glo’s humongous investments in talent hunt shows in the last eighteen years. It has sponsored shows like: Rock ‘n’ Rule, GloNaiga Sings, Laffta Fest, and the world number one music singing talent reality TV show, X Factor, which birthed in Africa for the first time in 2013.

Others are Slide and Bounce concert, an entertainment tour which went round all the geopolitical zones of the country as well as Glo Mega Music Show and Glo’s Battle of the Year, which gave the winners a life-changing N9 million prize money, a Toyota Hiace bus valued at N25 million and other prizes.

Glo has also been in the forefront of showing the celebrities in the CNN Glo-Sponsored African Voices Change makers.A host of African talents have featured in the international programme.

Similarly, the nation’s art and culture have also been positively touched by Globacom. From Ojude Oba in Ijebu-Ode, Ofala in Onitsha, Lisabi in Abeokuta, Imeori in Abiriba, Oru – Owerri in Imo state, Afia- Orlu in Nnewi, Anambra State and Abia –Ugwa in Isiala Ngwa, Abia State, among others. The company has through sponsoring the festivals not only brought them to international limelight, but has also turned the host cities into major tourist attractions.

HIS PASSION FOR PHILANTHROPY

He is without doubt, the most generous Nigerian alive. He gives ceaselessly and carelessly. He is an angel of mercy; giving is living for him. One cannot help but open mouth wide whenever they open his philanthropic envelope

Describing Adenuga’s large heart in an article, The Boss Newspaper Publisher, Dele Momodu, wrote “Everyman should wake up and pray to meet and become good friends with the Spirit of Africa. Trust me, it is worth every second of it. Just imagine a man who dashes out the same kind of cars he drives to friends.

“Dr. Adenuga believes that his friends are entitled to the same kind of material things that he wishes for and buys for himself. He has no jealous or mean streak in him in that respect,” he wrote.

Adenuga’s former close aide, Bode Opesietan also stated “Dr Adenuga’s generosity is legendary. He gives personal rewards like no other billionaire. If God has given you this kind of resources, it is not for you and your family alone” he would say”.

Also during the peak of the COVID-19 pandemic, Adenuga was the first to donate N1.5 billion to fight the dreaded coronavirus scourge. He set the stage for other Nigerians to contribute to the management of the scourge. That is typical of the Guru, he leads, others follow.

According to Adenuga “How much money can one individual or his family enjoy? You must spread it and touch lives…that is what brings true happiness and joy. What’s the point if your friend is wealthy and it doesn’t show on his friends”.

There is nothing more to add. When it comes to philanthropy, Adenuga is in a class of his own! Indeed generosity is in his DNA!

HIS PHILOSOPHY OF LIFE

Dr. Adenuga loves integrity and loyalty. Because he hardly goes out, he is able to monitor people and events quietly from his desk and home.

Aside from this, He has had to navigate his way through the murky waters of Nigerian politics. Dr. Adenuga avoids and shuns politics like the plague. He does not believe that he must be involved in politics for his businesses to survive or thrive.

All he campaigns for is an avenue to do business on a level playing field because he knows that he can survive and outlast most people. He considers himself one of the fittest and the best, if not the fittest and the best since he is methodical, calculating and highly industrious and energetic, and does not like attracting unnecessary attention to himself or his business.

Among many of his pluses, Adenuga is sagacious, methodical man, and rewards excellence. He does not suffer fools gladly. Most of his offices around the world are open 24 hours.

HIS LIFE STYLE

You can call him an enigma and you will not be wrong. He is a very shy gentleman, a trait that many mistake for arrogance. Before Globacom, Dr Adenuga Jnr was one of Nigeria’s silent billionaires. He was making his money without fanfare. Then came Glo, and he became one of the most recognizable Nigerians alive.

Till date, he hardly attends public functions and even if he does he sneaks in without any fuss and leaves even before the Master of Ceremony recognizes his presence. He has said to as many that care to listen that he orders to live under the parapet.

Despite this elusive persona, those who have met him can attest to his ebullient nature. He is one man who catches his fun when he is in the mood. He has very fine and elegant taste. A connoisseur through and through.

Contrary to what many think, he still finds time to unwind most times only in the company of his inner circle of friends and family.

Dr. Adenuga is neither ostentatious or extravagant in his style and dress. For him moderation is the value of life. In the early days, it was obvious he loved safari suits, but these days nice flowing shirts which mostly have his personal crest emblazoned on them are the norm.

Of course like all billionaires, he loves powerful cars, nothing over the top or attention-seeking. And as per flying, he has the accoutrement that fits his jet set, super executive lifestyle, which means he has long forgotten what it looks like to fly commercial.

HIS LOVE FOR FRANCE

Dr. Mike Adenuga has always had a great affection for France, and had long established a cordial relationship with the nation between the recent President Bola Tinubu incursion into French territory. He often visits the country, where he also owns property, and has maintained a productive and valuable relationship with French interests.

It was out of this desire, love and affection for France that he ardently supported the development of Alliance Française in Lagos, in the wish to see that its activities, efforts and initiatives could be enhanced, and its reach and appeal increased.

The brand new, ultra-modern Mike Adenuga Centre was unveiled by French President, Emmanuel Macron in 2019.

It is for this great act and his humongous investments that the French president deemed it fit to bestow on him the country’s highest national honour.

HIS HONOURS ROLL

For his contribution to economies and communities across the globe, Dr. Mike Adenuga has been appreciated with so many awards, traditional titles and honours. The most prominent are the national honours from Nigeria, Ghana and France.

In Nigeria, he holds the highest civilian honour of Grand Commander of the Order of the Niger (GCON), this honour was hitherto reserved for mostly vice presidents.

In Ghana, he was awarded the highest civilian honour of Companion of the Star of Ghana (CSG). According to  then President John Mahama, who conferred the indefatigable businessman with the honour at a state ceremony: ”You have touched many lives in Ghana. You have provided employment for our teeming youths, artistes, footballers and many more. I am particularly proud of you. This award is our way of a saying a simple thank you.”

The entrepreneur extraordinaire was also decorated with the Chavalier de la Legion d Honnuer (CdrLH),  the highest National honour of France, by French President, Emmanuel Macron.

Explaining why the French Government decided to confer the honour on Adenuga, President Macron, who described the consummate businessman as a true model of Africa, noted that he had contributed immensely to the African and French economy.

Adenuga is an impressive African treasure, business phenomenon and this generation’s Mr. Consistency, and so deserves the very best of toasts.

Congratulations sir!

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Boss Of The Week

Consistent, Focused, Impactful: The Story of Bella Disu

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By Eric Elezuo

From whichever angle one views it, Bella, the beloved daughter of billionaire businessman, Dr. Mike Adenuga Jr., is an enigma, a point of reference and research material for acumen, industriousness and resilience. She is the typical of the never-say-never spirit of the Nigerian women. Yes, she has taken hers a niche higher, infact beyond the reach of competitors.

Nigerian women have shown resilience, strength and character in administration, government and entrepreneurship, contributing more than their quota, and giving vent to the growth and development of the nation’s socio-economic sector.  Among them is the impactful Executive Vice Chairman of the A-list communications outfit, the Globacom Group, Mrs. Bella Disu.

A strong purpose-driven professional and boardroom guru, whose administrative skills, intellect, experience and academic trajectory have remained a subject of reference, Bella, as she is fondly called, is a woman, who though has a privileged background, carved a niche for herself, climbing through ladders and cadres to get to where she presently is, and more importantly, can boast of the desired leverage and ability to defend her position.

Born Belinda Ajoke Adenuga, on May 29, 1986 to the duo of Emelia Adefolake Marquis, a Nigerian entrepreneur, and the global phenomenon, Dr. Mike Adenuga Jr., Bella received her early education in Lagos, at the prestigious Corona School in Victoria Island before enrolling at Queen’s College for her secondary education. In 1998, she transferred to Vivian Fowler Memorial College for Girls, where she concluded her secondary education.

She proceeded to the University of Massachusetts, Boston, USA, where she obtained a Bachelor of Arts degree in International Relations, and later, a Master of Science degree in Leadership from the Northeastern University, also in Boston.

In 2004, Disu joined her father’s Globacom, and consistently rose through the ranks to become the Executive Vice Chairman of the company. She is also a non-executive director with the construction giant, Julius Berger Nigeria Plc.
In April 2010, Bella took a break to solemnize her romantic relationship with her heartthrob, Jameel Disu, a venture capitalist, and both formalized their union in a fairytale wedding that is still the talk of the town, almost 15 years after.
As phenomenal and weighty as her family name, Bella dropped, and picked up completely her husband’s name, signifying undying love and loyalty. That’s still  the name she bears till date. Both are blessed with three wonderful children.
In 2019, the French Government awarded Disu the Chevalier dans ‘l’Ordre des Arts et des Lettres in recognition of her efforts in promoting French culture.

In January, 2021, Abumet Nigeria Limited announced her appointment as Chairman of its Board of Directors. Abumet Nigeria Limited maintains worldwide partnerships with reputable manufactures and maintains a state-of-the-art production facility, located in FCT Abuja, fully equipped with cutting-edge machinery and technology.

Abumet is a subsidiary of Julius Berger Nigeria Plc, and a leading solutions provider for the planning, processing and installation of aluminium and glass products, from single standard windows to sophisticated facades and large-scale design masterpieces. She replaced Alhaji Bamanga Tukur, upon his resignation from the board. Bella is a Member of the Chartered Institute of Management of Nigeria (MNIM) and the Institute of Directors of Nigeria (MIOD).

In addition to her French National Honour of Chevalier dans l’ordre des Arts et des Lettres (“CAL”), and currently the Executive Vice- Chairman of Globacom Limited, she is also the Chief Executive Officer of Cobblestone Properties & Estates Limited, and a Director on the Board of Mike Adenuga Centre.

In less than four years of her leadership, Abumet’s profits, according to Billionaire Africa, surged to 307% in 2024, marking a major turnaround from losses in 2021.

The paper reported of her exploits as follows: “As a Non-Executive Director, she helped boost Julius Berger’s revenue to N566.2 billion, pushing it into Nigeria’s top 50 listed firms.

“At Abumet, Disu is driving innovation in façade technology, deploying unitized curtain walls for improved insulation and energy efficiency in Nigeria’s construction sector.

“Nigerian business executive Bella Disu has led Abumet Nigeria Limited, an innovative glass and aluminum manufacturing company, to record-breaking earnings, with profits quadrupling at the end of the 2024 fiscal year. Her leadership has not only steered the company back to profitability but has also reinforced the business acumen that runs deep in the Adenuga family.

“In a LinkedIn post, Disu, who has served as chairman of Abumet since 2021, shared the company’s turnaround: “Abumet is reaching new heights, and I’m excited to share our latest achievements. I am especially proud of the remarkable turnaround we’ve achieved—transforming from a loss in 2021 to delivering a 307 percent increase in profit in 2024.

“At just 38, Disu has earned her place among Africa’s top executives under 40, proving her ability to drive business success while steadily stepping into the legacy of her father, billionaire Mike Adenuga, who ranks among the continent’s wealthiest individuals with a fortune of $6.8 billion. She took over as chairman of Abumet’s Board of Directors in January 2021, succeeding Bamanga Tukur at a time when the company was struggling with steep losses.

“Since then, Disu has orchestrated one of the most impressive corporate recoveries in Nigeria’s manufacturing sector. Under her leadership, Abumet returned to profitability by the end of the 2022 fiscal year, bouncing back from the impact of COVID-19 and the financial challenges of 2021. The company sustained its profit in 2023 before posting a fourfold increase in 2024.

“Reflecting on this achievement, Disu credited the success to strong leadership and teamwork: “This success is the result of strategic leadership at the Board level, the dedication of our management team, and the collective effort of every Abumet employee.”

“Bella Disu expands Abumet’s market reach
As a 90-percent subsidiary of Julius Berger Nigeria Plc, Abumet plays a key role in the construction giant’s success. Bella Disu, who also serves as a Non-Executive Director at Julius Berger, has played a ‘much more’ active role in driving growth in the building solutions sector. By the end of the 2024 fiscal year, Julius Berger’s revenue rose from N446.1 billion ($296.4 million) in 2023 to N566.2 billion ($376.2 million) in 2024.

“Profit after tax also increased from N12.74 billion ($8.5 million) to N14.97 billion ($10 million), boosting the company’s market capitalization on the Nigerian Exchange (NGX) to N202.1 billion ($134.3 million). This has placed Julius Berger among Nigeria’s top 50 publicly listed firms, ranking 35th on the NGX.

“Under Disu’s leadership, Abumet has strengthened its market position by expanding its sales and marketing efforts. The launch of its Lagos sales office has helped grow its market share for made-in-Nigeria window and door solutions, while its EVONIGGLASS insulated glass brand has gained wider recognition. Despite market challenges, the company has posted record-high revenue and profits, exceeding expectations.

Abumet deploys energy-efficient curtain walls

Looking ahead, Disu is focused on pushing innovation in advanced façade solutions, leading Abumet’s efforts in glass and aluminum manufacturing.

“Abumet is deploying unitized curtain walls that will completely envelop the façade, ensuring not just aesthetic excellence but also enhanced energy efficiency through modern insulation technologies,” she said.

With a strong record of turning businesses around and driving growth, Disu is cementing her leadership in Nigeria’s business world. Her influence now extends beyond construction, telecommunications, and real estate into the country’s broader manufacturing sector, where she continues to make a lasting impact.”

Bella’s trajectory in the world of enterprise is a clear case of the demystification of the proverbial a tree cannot make a forest’, as she has conscientiously turned tables around wherever she found herself, bring in new ideas, new innovations and structural discipline that completely overhauls a system for all the positive outcomes.

Hers, is a case of continuous rise in the business world, and the home front. She is a better definition of a virtuous woman, and at less than 40 in age, the sky holds no barrier to how much more Belinda Ajoke Olubunmi Disu nee Adenuga could achieve in the coming months.

In November 2025, at a Techx Ikoyi event, Bella made a strong case for positivism, using herself as a veritable content and well researched material. Her speech titled, Say Yes Now! Why Readiness is a Myth, is still much talked about as presented in full below:

I was 38 when I finally met my whole self. Bella Disu — the change maker, the creative, the lifelong learner, the woman unafraid to keep evolving.

It’s interesting though, I didn’t meet her in a moment of perfect readiness. I met her after I got tired of constantly walking within the same walls. Today, I’d like to share the story of how I stopped waiting, what it taught me about why we hesitate, and what happens when we finally say yes. 

A while ago, I decided to try something new. Not in business, but in my years-long fitness journey. At one point, I weighed 110 kilos. At another, 64. By my mid-30s, I had found a rhythm: 160 grams of protein a day, strength training four times a week, 10,000 steps daily. Slight work, right? I had three walking pads — one in my bedroom, one in my study, one in the office. Don’t ask. I’ve never been one for small measures.

But it worked. Of course it did. Until one day, I realized this is my life — walking in place and staring at the same walls. So, I thought maybe it’s time to move differently. Maybe I should learn tennis.

Yet, as soon as the thought came into my mind, I hesitated. I asked myself, “Should I do it? Should I wait? Wasn’t it too technical, too hard, too late?” After all, who starts tennis at 38?

Despite not feeling quite ready, I found a coach, showed up on the court, and soon I was playing tennis three, sometimes four times a week. And then, to my horror, I discovered that tennis doesn’t even give you that many steps. All those side-to-side moves don’t count. But by then, it wasn’t about steps anymore. I was hooked. And now I am often amazed at the physical and mental growth that has since happened all because of one small decision. I’d asked myself, “Should I do it? Should I wait?” And something in me answered, “Say yes now.”
But I’ve thought about why I hesitated in the first place. And it’s that for years I thought I had to wait for the right moment, for more qualifications, for a different version of myself. Psychologists call it destination addiction — the belief that happiness lives at the next milestone. So, a certain weight, title, or degree.

And I know I’m not alone. How many of you have asked yourselves: “Should I do it? Should I wait? What if I fail?” We all know that familiar voice that whispers, “Not yet.” So, if the antidote is that simple — say yes now — why don’t we all do it?

We don’t because hesitation is a conundrum. It wears the mask of readiness. And I used to mistake readiness for a finish line. Then in 2014, I met a coach I had invited to facilitate an HR session. And after the session, he said, “So tell me about Bella.”

I froze. I really did. I could talk about my work, my father’s mentorship, even my wedding — which is probably my biggest claim to fame at the time. But about me, I… I really didn’t have much to say. So, I was thankful when he offered me a complimentary session and said, “Let’s talk to Bella from 10 years ago. What would you tell her? And 10 years ahead — who is she?”

 

To be honest, that future Bella was hazy. But his questions drew out interests and passions I once buried. So he then said, “What’s stopping you from going after them? You can be many things at once.”

So I said a mental yes to his words — and it opened doors to pursuing diverse interests: a first master’s, later an MBA, writing and publishing my first children’s book, impacting lives through the Bella Disu Foundation, and gaining the courage to walk into rooms that once intimidated me.
You see, each step reinforced something critical: readiness is not a destination — it’s a posture. And we become ready by doing.

Today, I’m no longer a woman hesitating in life or business. And that transformation has seeped into organizations I lead. I’ve led through discomfort many times. I’ve restructured a board and redesigned corporate strategies. And I’ve dealt with the late nights, the doubts, and that familiar restlessness that keeps leaders awake thinking, “We have to make this change.”
Yet conviction, grounded in facts, gives me a sense of urgency. And that to me is leadership — seeing what could be and moving towards it. Viewing urgency as a journey toward clarity and not chaos.

And this is particularly important because organizations wrestle with hesitation just like individuals do. Some companies choose to wait for perfect timing — and lose their moment. Others say yes now — and change industries.

I’m sure you all are familiar with these three companies that sat at the same intersection in the 1990s. Remember Kodak?
Kodak saw digital images coming and froze. Blockbuster saw Netflix and laughed. Why? Organizational loss aversion. The fear of letting go of a successful past to pursue an uncertain future.

In contrast, Apple saw the same digital future and accelerated it. The difference? Two companies chose to protect their past and failed. One chose to create its future and thrived.

And that story isn’t foreign. It’s happened right here at home, too. Just think of how we went from seeing the glory days of a popular quick-service restaurant that defined our childhoods to the success and triumph of newer ones like Chicken Republic and Kilimanjaro.

We’ve also seen the rise and agility of fintechs pushing banks to challenge their long-held ways of doing business — and in doing so, unlocking entirely new markets and customer segments.

The companies that say yes now prove that courage and speed matter more than size and comfort. Therefore, the companies that thrive, the leaders who excel, the people who grow — they all share one thing: they’ve come to recognize the mask of hesitation and take it off.

When hesitation says “not yet,” they know that doing creates readiness. And when comfort offers its gentle cage, they choose the discomfort that leads to growth.

Indeed, when I look back at every important shift in my life, it began with a small yes — often inconvenient, sometimes uncomfortable, occasionally irrational.

Saying yes to tennis at 38. Saying yes to learning again. Saying yes to growth when it would have been easier to just stay still.
But here’s what I didn’t expect: saying yes never ends with you. My teams learn to challenge comfort because I did. The women I mentor raise their hands because they saw me raise mine. And my daughter Paris picked up a racket because I picked up courage.

Every yes we give ourselves becomes a light that tells someone else it is safe to begin.

So, right now in this room, someone is sitting on an idea — starting a new business, changing roles, writing that first page, booking that class. Maybe you’re waiting for perfect timing, asking yourself, “Should I do it? Should I wait?”

You already have your answer. The traffic light — it’s already green. So move. Say yes. But most of all… say yes now.

Thank you.

Bella is sure a force to reckon with; in all ramifications!

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The Incredible World of Capt. Segun Sotomi @45

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By Eric Elezuo

If there is a limit to paying dues as regards affecting humanity, Captain Emmanuel Adesegun Sotomi, has done absolutely divine, excellently well and incredibly outstanding. And he is only 45 years. Yes, December 5, 2025 was his birthday.

A typical all-rounder, Sotomi is a blend of academic, field and the unthinkable. He is a generalissimo in every field he has found himself; enterprise, camaraderie, business of 9-5 or flying for commercial purposes or pleasure. Sotomi is the future.

A brief of his adapted career trend reveals that Sotomi has seen it all, achieved it all, and can be defined as human technology transfer in the way he has mentored a great number of youths and competitors and contemporaries alike.

Philanthropism; yes, a lot of folks, who know him are full of testimonies of his open handedness, his love to rescue the needy and lift the downtrodden are phenomenal. He is a lover of humanity, a true legend in discipline.

Soft spoken and well read, Sotomi is a dream of every growing youth, who planned to be thoroughly established before the golden age. He is a role model.

Below is a derived biodata of the fast rising pilot-cum-entrepreneur…

Captain Segun Sotomi is a skilled commercial pilot, entrepreneur, and philanthropist. He attended the University of Lagos before going to top-tier aviation schools in South Africa, Canada, and the United States to obtain his pilot licenses. He is currently a captain with Gulf Helicopters Qatar, a subsidiary of Qatar Petroleum.

Capt. Sotomi is licensed to operate both airplanes and helicopters [Licenses include SACAA PL (Airplane); CPL / FAA ATPL (Helicopter)]. His previous work experience includes Nest Oil, where he flew offshore.

He is also the founder and CEO of Southern Shore Integrated Services LTD, an offshore aviation logistics support company, and has a passion for working with, and empowering youths.

Captain Sotomi has served in several management positions in his flying career, and also sits on the board of different top-tier companies.

He is an avid polo player, and is happily married with children.

Happy 45th birthday!

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