Boss Of The Week

Lekan Balogun: The Making of a Much Cherished Olubadan

Published

4 years ago

February 19, 2022

Eric

By Eric Elezuo

During the week, Oyo State Governor, Engr. Seyi Makinde, approved the appointment of High Chief Lekan Balogun as the 42nd Olubadan of Ibadanland, bringing to a healthy conclusion series of skirmishes that pervaded the Ibadan chieftaincy regime at the death of The Olubadan of Ibadanland, Oba Saliu Adetunji, at 93.

Makinde’s approval followed a recommendation to that effect made by the Olubadan-in-Council and which was communicated to the governor wherein he wished the newly confirmed Olubadan a peaceful and eventful reign, according to a statement by the governor’s Chief Press Secretary, Taiwo Adisa.

“I am pleased to announce the appointment of the Otun Olubadan of Ibadanland, High Chief Lekan Balogun as the 42nd Olubadan of Ibadanland.

“The appointment is in line with the Olubadan of Ibadan Chieftaincy Declaration, as well as the unique and time-tested tradition of our people.

“On behalf of the government and good people of Oyo State, I wish the newly confirmed Olubadan a successful reign blessed with peace and unprecedented progress.”

Mr Balogun’s appointment as Olubadan came weeks after controversies and uncertainties over the successor of Saliu Adetunji, the 41st Olubadan who died January 2 at the age of 93.

Mr Balogun, 79, a former senator, is the next in line to the throne, according to the ancestral arrangement of Ibadanland.

In the same vein, Makinde also approved the revocation of the amended Ibadan Chieftaincy Declaration, which regulates the selection to the Olubadan of Ibadan chieftaincy stool.

The statement indicated that the governor made the revocation order, dated February 11, 2022, in line with the powers conferred on him by the Constitution of the Federal Republic of Nigeria, 1999 (as amended), in view of the Judgements of the Oyo State High Court on February 1 and 10 as well as Sections 7, 20,26 and 30 of the Chiefs Law of Oyo State 2000.

The four separate laws/White Papers approved for revocation were made public by the immediate past administration between 2017 and 2018.

The statement listed the laws/white papers to include the amended declaration regulating the selection to the Olubadan Chieftaincy stool, published in August 2017; the implementation of the White Paper on the review of the existing Olubadan of Ibadan Chieftaincy Declaration and other chieftaincies in Ibadan, published in August 2017; the approval of the appointment of beaded crowns for the Olubadan in Council published March 2018; and the appointment of beaded crowns and coronet wearing Obas published in March 2018.

Born in October 1942, Lekan Balogun, the man who the Olubadan cap fits, was until his pronouncement as the substantive Olubadan, the Otun Olubadan of Ibadanland, a post which places him at a vantage position to occupy the then vacant Olubadan stool. A former lawmaker, Lekan Balogun was the most senior chief from the two ruling chieftaincy lines, Egbe Agba (civil) and Balogun (military) that produce successors to the throne in the state.

Balogun, who represented the state at the red chamber, senate, and celebrated his 79th birthday last October, is not just statutorily suitable, but a bundle humanity and societal impact. He represented Oyo Central senatorial district between 1999 and 2003, where he served as the chairman Senate Committee on National Planning, and was a member of many Senate committees such as Appropriations, Security and Intelligence, Police Affairs, and Defence (Army).

A man of immense peace and good tidings, the Olubadan had found it appropriate to live in peaceful cohabitation with all and sundry, who is at fault notwithstanding. Consequently, he found it admirable to reconcile with the late Oba Adetunji, less than three years ago following his installation by former Oyo State governor, late Abiola Ajimobi, as king in Oyo. That is the vintage Lekan Balogun!

Noted as renowned, Balogun is a distinguished technocrat, transparent politician, and erudite author, who enjoyed a very humble childhood and upbringing. He had his primary education at CAC Modern School, Anlugbua. He was privileged to live with one of his brothers, late Hamzat Balogun, who was a civil servant but was studying privately for the General Certificate of Education, Ordinary Level ( GCE O’L). This rare privilege gave him an added impetus to secretly read his brother’s correspondence tutorials while he was also subscribing to Rapid Result College in the UK to enhance his performance in the examination. This, in no small measure, became very helpful to him when he wrote his qualifying tests.

Being what many will term a gifted child, Balogun, while in the second year of the three-year modern school programme, sat for the qualifying examination and passed. Therefore, he left school without completing the programme.

An avid learner, he did not stop at the acquisition of the certificate, but jetted out thereafter to the United Kingdom where he studied for his O and A levels certificates while doing a part-time job to sustain himself.

Balogun showed his thorough love for education not only by attending schools, but also by distinguishing himself in the field of study, leaving the university in 1973 with a Masters degree in Administration and Economics before having a brief stint with the Lamberth Local Government Social Services Department where he worked for one and a half years. He thereafter enrolled for his PhD.

At a glance, Balogun holds a Doctorate Degree in Public Administration; Public and Social Administration and Economics from Columbus International University, Brunel University, and Manchester University all in the United Kingdom.

A totally detribalised Nigerian, Balogun, in the same 1973, and having resumed as a research fellow at ABU Centre for Social and Economic Research also had the option of working as a lecturer at the University of Ife now Obafemi Awolowo University but chose ABU because of the desire to relate with other people other than his origin and to know their cultures and traditions.

A presidential aspirant on the platform of the Social Democratic Party (SDP) in the 1992/1993 presidential election, Balogun cut his political tooth during his sojourn in the UK, where he developed the white-black consciousness which metamorphosed into activism and the struggle for human rights. He subsequently joined the leftist Marxist movement.

It was in 1978 that he took politics headlong, joining the Peoples Redemption Party (PRP) of Late Mallam Aminu Kano. He reportedly combined dexterity, charisma, honesty and determination to speedily climb the ladder becoming a well known figure in the politics of Oyo State.

Politically, he marched forward, becoming the gubernatorial candidate of one of the major political parties in the country, the Nigerian People’s Party (NPP) led by late nationalist, Dr. Nnamdi Azikiwe. It will also be mentioned that Balogun, like many of the second Republic politicians suffered incarceration woes when the December 1983 military coup ushered in the administration of General Muhammadu Buhari.

The Baloguns’ political dexterity in Oyo State saw his younger brother, Kola Muhammed Balogun, beating the immediate past former governor of the state, late Abiola Ajimobi, to represent Oyo South Senatorial District in the red Chamber on the platform of the Peoples Democratic Party (PDP).

Balogun, who hails from Ali-Iwo compound in Ibadan North East Local Government Area, and a former Mogaji, has also shone like a million stars in the world of entrepreneurship, and sits on the board of several companies with interests in oil and gas, distributive trade, management consulting, mechanized farming, and export of non-oil items, as well as travels and tourism.

His stints at the prestigious at Shell Petroleum Development Company saw him rising to become the administrative head in Industrial Relations, Recruitment and Scholarships, and Planning and Development units. He really was a force to reckon with.

Apart from being a Research Fellow with the Ahmadu Bello University, Zaria, he was also a director with Triumph Newspaper, Kano; Editor of the monthly magazine, “The Nigerian Pathfinder” as well as a Management Consultant for multinational organisations such as Leyland, Exiat Battery, and Nigerian Breweries.

Balogun is happily married to two wives, and they are blessed with many children.

We, at The Boss wish you a healthy and peaceful reign. Congratulations sir!

Boss Of The Week

Fola Adeola to Head Tinubu’s Petroleum Task Force

Published

2 weeks ago

March 14, 2026

Eric

By Eric Elezuo

From his comfort zone, after meritoriously guiding the broad brand, Guaranty Trust Bank, to a height high enough to draw international comparisons in quality and service delivery, co-founder, Mr. Fola Adeola, attracted attention, bagging a presidential appointment as the Head of a nine-member Presidential Petroleum Reform and Value Optimization Task Force.

The appointment, approved on Friday by President Bola Tinubu, places a mandate on Adeola and his team to design and coordinate the next phase of structural reforms in Nigeria’s petroleum sector.

The appointment was announced in a statement by presidential spokesperson, Bayo Onanuga as follows:

PRESIDENT TINUBU ESTABLISHES TASK FORCE ON PRESIDENTIAL PETROLEUM REFORM & VALUE OPTIMISATION

President Bola Ahmed Tinubu, GCFR, has approved the establishment of a Presidential Petroleum Reform & Value Optimisation Taskforce to design and sequence the next phase of structural reforms in Nigeria’s petroleum sector.

Mr Fola Adeola, co-founder of Guaranty Trust Bank and founder and chairman of the Fate Foundation, is the Task Force’s chairman. As chairman, he will coordinate the group’s work and ensure the timely delivery of its mandate.

Other members of the Taskforce are: Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye and Seyi Bella.

Mofoluwasho Fadayomi will serve as secretary.

As constituted, the Taskforce is a time-bound, high-level executive working group tasked with producing execution-ready reform blueprints that will consolidate ongoing reforms, unlock capital within the petroleum sector, and strengthen Nigeria’s position as a leading global energy investment destination.

The initiative reflects the President’s commitment to transforming Nigeria’s petroleum industry into a more competitive, transparent, and value-maximising sector capable of driving long-term economic growth, macroeconomic resilience, and industrial development.

It will operate as a technical reform body rather than a representative committee, engaging industry operators, regulators, investors, and civil society as consultees while focusing on actionable policy design and implementation strategies.

The Taskforce will report directly to the President and provide monthly progress memoranda. An interim report will be submitted after three months, while the final outputs are expected within six months of inauguration.

President Tinubu expects the Task Force to deliver three major reform blueprints.

One of the deliverables is the Implementation Toolkit for Immediate Structural Fixes – including draft legislative amendments, executive instruments, and institutional restructuring proposals.

The second deliverable is the Capital & Liquidity Acceleration Blueprint, aimed at unlocking $5–10 billion in sectoral liquidity while safeguarding Nigeria’s sovereign interests.

The third blueprint will focus on the National Energy Transformation Strategy – a ten-year roadmap with measurable targets for production, foreign exchange earnings, GDP contribution, and cost competitiveness.

President Tinubu has directed all Ministries, Departments, Agencies, regulators, and relevant institutions to provide full technical support to the Taskforce and to submit inventories of ongoing initiatives to ensure alignment with the emerging reform framework.

In furtherance of this directive, President Tinubu has also directed all existing committees, teams, and working groups established under various reform initiatives within the sector to align their activities, reporting structures, and work programmes with the new Task Force.

The streamlining will ensure coordination, avoid duplication of mandates, and provide institutional clarity, thereby ensuring coherence in the petroleum sector reform architecture.

The President has also directed that all relevant documentation, institutional knowledge, and ongoing workstreams should be made available to the Taskforce to support the development and implementation of its comprehensive reform framework.

The creation of the Taskforce represents a strategic presidential instrument to accelerate petroleum sector reforms, strengthen governance architecture, optimise national energy assets, and position Nigeria’s petroleum resources as a foundation for sustainable economic transformation.

The Taskforce will automatically dissolve upon submission and acceptance of its final report.

Fola chairs the committee alongside reputable industry and financial sector experts, including Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye, and Seyi Bella with Mofoluwasho Fadayomi will serve as secretary.

President Tinubu tasked the committee with producing execution-ready reform blueprints that will consolidate ongoing reforms, unlock capital within the petroleum sector, and strengthen Nigeria’s position as a leading global energy investment destination.

The committee’s establishment comes after President Tinubu announced Presidential Executive Order 09 on February 13, 2026, that mandates direct remittance of all government petroleum revenue to the federation account.

THE CAREER TRAJECTORY OF FOLA ADEOLA

Beyond being a financial wizard, Adeola has once tried his hands in politics, aiming for the number position of the Nigerian nation as the vice president. That was when ran with the present National Security Adviser, Nuhu Ribadu under the umbrella of the Action Congress of Nigeria (ACN).

Born on January 10, 1954, Adeola is an alumnus of Methodist Boys High School, Lagos, and Yaba College of Technology, where he obtained a Diploma in Accounting in 1975.

He became a Chartered Accountant in 1980 following his training with Deloitte, Haskins and Sells and D.O. Dafinone & Company (both Chartered Accountants). Over the years he has received professional development training at Harvard Business School, INSEAD, and the International Institute for Management Development in Switzerland.

In 1999, he completed a one-year sabbatical at the National Institute for Policy and Strategic Studies in Kuru, Jos, Nigeria, where he carried out research on economic development and job creation policies.

Adeola co-founded one of Nigeria’s biggest banks, now a holding company, the Guaranty Trust Holding Company, owner of Guaranty Trust Bank, together with Tayo Aderinokun in 1990. He served as its Chief Executive Officer and Managing Director from inception until 2002.

He is also the founder of FATE Foundation and chairman of Main One, Nigeria’s leading telecom company.

In the public sector, Fola served as the past board chairman of the National Pension Commission from December 2004 to June 2006. He also at one time chaired the Lagos State Disaster Relief Committee.

He was decorated as Officer of the Order of the Federal Republic (OFR) in December 2002 by then President Olusegun Obasanjo. He also has an honorary doctorate from Nkumba University, Ntebbe, Uganda.

In 2009, he won Banker of the Decade award by the Vanguard Newspaper group. Other awards trailing the accomplished bank include Distinguished Famous Alumni award by Yaba Tech Zik Leadership in 2003, and This Day Awards 2011 – Change Makers in Social Entrepreneurship.

Adeola is married to Hajara, and they are blessed with six children.

Boss Of The Week

Prof Jide Owoeye: When a Distinguished Academic Turns 70

Published

4 weeks ago

February 28, 2026

Eric

By Eric Elezuo

It was a gathering of distinguished egg heads, prolific intellectuals and ardent academics at the Adeline Hall of the Lead City University, Ibadan, when notable and celebrated Chairman of Council and Pro-Chancellor of the Institution, Professor Jide Owoeye, marked his entry into the septugenarian circle.

The event, a multiple-in-1 classic, featured tribute session, a panel session, books presentation and reading as a well as a defined colloquium. Among topnotch individuals that graced the event were delectable heads of higher institutions of learning including the Vice Chancellor, Edo State University, Uzairue, Sheldrake O. Akindele; the Vice Chancellor, Chrisland University, Abeokuta, Oyedunni S. Arulogun; Vice Chancellor of Crescent University, Abeokuta, Ibrahim Gbajabiamila, and the Deputy Vice Chancellor, Ajayi Crowther University, Oyo, Muyiwa Popoola, who were members of the panel session that discussed critical mechanisms that enhance and safeguard the future of education in the country.

The panelists leveraged on the theme, Nigeria Higher Education and Private Sector Involvement: Navigating the Path, Confronting the Challenges, Exploring Opportunities for the Future. The lead discussant was the Vice Chancellor, Federal University, Katherine, Gombe State, Umaru Pate.

Speaker after speaker, the academic giants celebrated the unequaled legacies of Prof Owoeye’s 70 years of impressive existence, especially his scholarly contributions to the standardization of not only learning, but also academic environment in Nigeria with the establishment of Lead City University in 2005.

The ceremony was punctuated with various genres of entertainment including cultural dances, touch of saxophone, talking drum display, drama presentation by students of the institution, and a host of others.

Among the books presented at the ceremony were Asia in World Politics and Knowledge in the Emerging Global Order.

The highpoint of the gathering was the cutting of the birthday cake with various presentations of full size portraits and other gifts items from colleagues, students and staff.

Othe dignitaries who graced the occasion were Chairman, Ovation Media Group, Chief Dele Momodu, General Secretary, Pan African Writers Association (PAWA), Wale Okediran, Oyo State Commissioner of Lagos among others.

Speaking on his achievements, a long time friend from the University of Ife days, Chief Momodu, noted that Prof Owoeye has always been a man of letters, who has carved a niche for himself, adding that Nigeria and Africa are proud of him.

Distinguished in every ramifications, and an authority in International politics and relations, with bias to Asia, Owoeye has transverse all areas and degrees of the academic environment, terminating at the professorial level, and capping it all with the establishment of topnotch private university as the icing on the cake of his academic pursuit and inclination. He boasts of bachelor’s, masters and doctorate degrees in different fields of international studies.

For Owoeye, reaching the peak of his profession was when he became a professor of International Relations at OAU in the year 2000.

Born on March 1, 1956, Prof. Jide Owoeye is a teacher, and a very proud one at that, who would not miss any opportunity to introduce learning and exchange of knowledge. That practically explains why his 70th birthday celebration was tailored towards a colloquium and book presentation status.

Owoeye began his schooling at the OLMC Demonstration School, Ibadan, where he spent the period between 1962 and 1967 acquiring elementary or foundational knowledge of education.

Afterwards in 1968, he attended Olivet Baptist High School, Oyo, for his school certificate, and left in 1972 before attending Government College Ibadan, for his Higher School Certificate, from 1973 to 1974.

He was admitted into the University of Ife, now Obafemi Awolowo University, for his first degree.

On graduation, he was employed as Insurance Officer at Akin George & Company, Lagos, as he decided to try his hands in circular career. His stint at the firm lasted between 1979 and 1980.

Thereafter, he made a daring turn into the word of teaching, becoming Lecturer II at the Department of Government, OSCAS, Ile-Ife, from 1980 to 1982. He briefly worked as Administrative Officer at the Obafemi Awolowo University, Ile-Ife, afterwards in 1983 before landing the position of Senior Lecturer at the Department of International Relations, Obafemi Awolowo University.

Then, there was no turning back from the academic world. He was made a Visiting Senior Research Fellow at the Nigerian Institute of International Affairs, Lagos, from 1992 to 1993, and then, Associate Lecturer, Foreign Policy Academy, at the Ministry of Foreign Affairs, International Centre for Asian Studies.

In a 2019 interview he granted The Punch, Owoeye noted as follows as to what propelled his desire to establish his own university: “I have been in the university system for almost 37 years and 24 of those years were spent in the public university system. I was a professor at the Obafemi Awolowo University, Ile Ife, Osun State, and I noticed then that if one has passion for education, one should have seen some of the lapses (in the system), and some of those lapses one discovered can only be corrected if one is the head of the institution. I believe if you aspire to have a better university system, it is either you head the institution or you look for avenues to help create one where you can impact upon. That was what brought about the passion to work towards establishing a private university where the quest for excellence can actually be attained.”

Owoeye’s rich trajectory in the world of education is common knowledge, leading to his hold several high-profile positions in Obafemi Awolowo University.

Owoeye is married to his lovely wife, Emuleomo, whom he wedded in 1982, and they are blessed with three children; a son and two daughters.

Meanwhile, a special birthday soiree has been scheduled for March 1, his day of turning 70 proper, at Adeline Hall of the university. It promises to be the mother of all celebrations.

Having spent a lot of energy paying attention to education, Owoeye would love to be remembered as somebody who contributed to quality education (at the tertiary and non-tertiary levels) in this country.

Happy 70th birthday sir!

Photos: Tunde Bolarinwa

Boss Of The Week

Kojo Bonsu: Creating Ghana’s New Investment Face in China

Published

1 month ago

February 15, 2026

Eric

By Eric Elezuo

Schooled in varioius areas of human endeavour and administration, Mr Kojo Bonsu is an asset, not only to the Republic of Ghana, but the world in general. He has by every standard paid his dues to the development of his country, serving as the current Ambassador to the Peoples Republic of China, and having served in many other diverse areas including sports administration and entrepreneurship.

Presently, the face of the Republic in China has taken it upon himself to recreate the investment platform of Ghana in China, mandating the media to begin as a matter of urgency, to make Ghana the subject of focus in their reporting.

In other words, the Ambassador has appealed to the Chinese media to use their medium to promote Ghana. A call that resonate the general mantra of the government of President John Dramani Mahama

According to Bonsu, Ghana boasts of several business opportunities, therefore if the Chinese media take keen interest in Ghanaian issues, it would help attract investors from China to Ghana.

He insisted that the door of the Ghana Embassy in China is wide open to Chinese journalists, especially those who want to positively project Ghana.

Bonsu made the remarks while hosting a press soiree in Beijing, on behalf of the Ghana Embassy, which was graced by a number of prominent media institutions in China.

The programme was mainly used to promote Ghana’s upcoming 69th independence anniversary celebrations and also highlight investent opportunities in the country.

Kojo Bonsu, who is a former Kumasi Mayor, said Ghana is the safest, friendly and best country for any investor to do business, urging Chinese businessmen to heed his advice.

“The Chinese media institutions should henceforth partner with the Ghana Embassy in promoting trade and investment opportunities in both of our sister countries for growth.

“There are potential for growth in various sectors such as infrastructure, clean energy, Information Technology (IT) and Artificial Intelligence (AI), healthcare, minerals processing and agriculture,” Mr. Bonsu pointed out.

According to him, Ghana is a democratic nation, which has conducive atmosphere for businesses to flourish, stressing his desire to work and improve Ghana-China relations.

“Ghana is committed to strengthening ties with China. My country is a stable democracy, has business-friendly environment and rich cultural heritage,” Kojo Bonsu stated.

A native of Offinso, a town in the Ashanti Region of Ghana, Michael Kojo (Mensa) Bonsu, thoroughbred professional, both in politics and administration, was born to a respected Offinso Queen Mother and a military officer, among eight other siblings.

He had his Ordinary Level education at the Tamale Secondary School, between 1974 and 1979, where he developed the knack, desire and dream of becoming a football administrator.

Thereafter, he was admitted into the Drayton School in London, but could not immediately assume studies because of the several businesses he was handling at the time. However, between 1985 and 1990, when Bonsu joined giant sports kit manufacturers, Adidas, he enrolled into their football Business Unit at Herzogenaurach, Germany, and in the process obtained a Diploma in Sports Business and Marketing. Presently, he holds a Master’s Degree in International Relations.

After completing his training in sports Business and marketing, Bonsu worked with Adidas and became their first representative in West Africa and served as an Assistant Marketing Officer. He rose to become the kit maker’s manager in Ghana and the whole of West Africa. Within which period he brokered deals between the company and the Ghana football Association specifically the Ghana football national team.

Bonsu has nine biological siblings. They shared a home in Offinso, a town in Ghana’s Ashanti region, but as they grew older, their lives started to diverge. His mother was a respected Offinso Queen Mother who was wed to a rigid military officer.

Bonsu’s dexterity in all the things he has laid his hands, including the oil sector, on earned him a citation of honour in 2015 by Managing Director of GOIL, Mr Patrick A.K. Akorli as follows; “You were the key advocate on the board when the monumental decision to rebrand GOIL was taken – the results of which have seen GOIL being propelled to the number one position (retail) among oil marketing companies in Ghana”.

He served as the Managing Director of GOIL from July 2011 to February 2012.

In addition to his legacy of achievements, Bonsu is a director of Tamale-based club Real Tamale United. He was also an executive member of Asante Kotoko.

In 2003, he launched a bid to be the Ghana Football Association’s President. He went against former president of the GFA Kwesi Nyantakyi, politician and executive member of Accra Hearts of Oak, Vincent Odotei Sowah, a former FA vice-chairman, Joseph Ade Coker and former executive council chairman, Y.A Ibrahim. He subsequently lost to Kwesi Nyantakyi in the elections in December 2005.

An ardent supporter of Asante Kotoko and Premier side Tottenham Hotspur, in 2001, he founded and published Agoo Magazine, an African lifestyle magazine.

In January 2010, Bonsu was appointed board chairman of the National Sports Authority then a council under the Ministry of Youth and Sports. He is known and respected for spearheading the re-branding of the sports council until it subsequently became a sports authority.

In 2013, President Mahama nominated him for the position of Metropolitan Chief Executive for the Kumasi Metropolitan Assembly. He resigned in July 2016, following an issue with the Kumasi Traditional Council.

Among many other landmarks, Bonsu would be remembered building the first ever recreational facility, the Kumasi Rattray Park, and organizing the second largest event as part of the celebration of Ghana at 50, dubbed “Ghana As One Gala Night” at Ghana’s Black Star Square with International artists including The Whispers, Shalamar, Pat Thomas, AB Cresntil, Gyedu Blay Amboley, Paapa Yankson and Ola Williams.

It is also on record that in 2014, he secured a loan facility from the Deutsche Bank UAE through parliamentary approval to build the largest modern market in West Africa, the Kejetia Market, called the “Kejetia Dubai,” completed in 2017. He also built the Asawase market, Tafo market, and Atonsu-Agogo market. He renovated the Kumasi Prempeh Assembly Hall. Bonsu’s strides speak volumes.

Bonsu tried his hands at the presidency of Ghana in 2024, but could not win the ticket of his party as Mahama was the preferred choice.

Bonsu continues to exhibit great strides as a distinguished administrator, businessman and political juggernaut.