Boss Of The Week
Elegant Business Icon, Bola Shagaya, Revels at 64
Published
2 years agoon
By
Eric
By Eric Elezuo
Even at 64, socialite, industrialist and billionaire business woman, Hajia Muinat Bola Shagaya, has not stopped slaying. The beautiful wife of a Kwara State based transport mogul, Alhaji Shagaya, who was only last year elevated to the office of the Sarauniya of Ilorin Emirate, by the Emir of Ilorin and Chairman Kwara State Council of Chiefs, Mai-Martaba Alhaji Ibrahim Sulu-Gambari CFR, on october 0, 2023, hit 64 years of magnificent achievements.
A philanthropist of no mean value, the ebullient Hajia Bola Shagaya donated whopping N10m in support of the Ilorin Emirate Descendants Progressive Union (IEDPU) project at the occasion. She is a typical example of who the cap fits.
Bola, as she is popularly known, is beautiful, elegant, famous, enchanting and above all down to earth. She is a woman of means and is renowned for her extraordinary generosity. She is above all, quintessential in all ramifications.
Shagaya, unlike most prominent and wealthy industrialists, was not born with the proverbial silver spoon. Consequently, she had to pull herself up by her bootstraps and exert herself relentlessly through some difficult times on her way to arriving at the enviable height she now occupies. Her remarkable accomplishments have since earned her a pride of place at the table of royals and captured the attention of the influential Forbes magazine. She made the 10th wealthiest woman spot in Africa in a 2015 Forbes ranking.
The socialite, who was born on October 10, 1959 in Kwara State, attended Queens School in Ilorin for her secondary education and the Ahmadu Bello University in Zaria and Armstrong College in California, where she studied Economics and Accountancy respectively. Shagaya also attended Harvard Business School and a number of other local and international seminars, workshops and symposiums where she sharpened her skills and gained all the cutting-edge knowledge that has kept her on top of her entrepreneurial and social game.

Fresh out of school, a promising career took off with a stint at the Central Bank of Nigeria (CBN) where she worked with the Audit Department. Having acquired veritable experience from the CBN, she ventured into commercial activities in 1983, beginning with the importation and distribution of photographic materials under one of her incorporated companies called Bolmus. She is reputed to have introduced the Konica brand of photographic materials into the Nigerian market and West Africa.
She is also the owner of Fotofair Nigeria limited, and her photo laboratory unit in Victoria Island is no doubt one of the largest photo laboratories in Nigeria. The photo laboratory has a net base of over thirty branches located in different parts of the country and over 300 workers employed. A great feat!
Her prowess is not limited to the business of photographic materials alone, Hajia Bola Shagaya is also the Managing Director of Practoil Limited, one of the largest importers and distributors of base oil in Nigeria, serving local lubricant blending plants. Not only that, her extensive acumen in the world of buying and selling finds expression in huge investments in real estate, spanning major cities in the country with over 300 employees.
She is proactive and visionary, and so through her base oil importation, she is meeting the need of the local lubricant blending plants. At the moment, Practoil is building its own plant at Kirikiri, Lagos State. The plant is expected to produce multi-grade oils and lubricants.

An astute financial wizard, Mrs. Shagaya is on the board of Unity Bank (Nigeria) Plc (formerly Intercity Bank) and has been for about a decade. She is also a member of the NEPAD Business Group, Nigeria.
She is a reputed fashionista, and her consistent display of an impeccable dress sense is a testimony to that assertion. It is therefore, not surprising that she is a patron of the Fashion Designers Association of Nigeria (FADAN) and a fashion and arts enthusiast who supports and encourages the fashion and arts industry. She also loves sports, especially polo. She is also hopelessly in love with exotic jewelry, especially diamonds, and Deola Sagoe, Folake Coker, Maureen Onigbanjo, Abba Folawiyo are just a few of her clothiers. Internationally, there are also Escada and Christian Lacroix.
In July 2010, she was conferred with the national honour of Member of the Order of the Niger (MON) by the then President of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan (GCFR).
A committed family woman; wife and mother, she is married to Alhaji Ganiyu Shagaya, a Kwara State-based transporter and their union is blessed with four children, among whom is Sheriff Shagaya, who got married in 2013 to Maryam Tukur, the daughter renowned politician, Bamanga Tukur. Kabir, her fourth son, also married into a notable when he wedded Amina Buba, daughter of oil magnate, Dr Hanatu Buba Each of her five sons are reportedly doing incredibly well in their fields of endeavours. It is said that they inherited their mothers entrepreneurial skills, business acumen and accommodating mien.
A very liberal woman, her third child, Seun, is a pastor with the Redeemed Christian Church of God, Abuja in as much as his mother is a Muslim.
Though a socialite who loves reveling, Mrs. Shagaya knows when to open the door and when to keep it closed. It was gathered from an interview she once granted that as a rule she doesn’t entertain friendly visitations, no matter how close, between Monday and Friday. Consequently, everything social revolves around the weekends when major work has been done. That accounts for her serious-mindedness, focus and hard work.
A friend of several Nigerian First Ladies, Mrs. Shagaya is known to have been close to virtually every recent First Lady in the Nigerian political system, especially Dame Patience Jonathan, with whom she forged a formidable relationship. It is believed that her amiable nature, down to earth attitude and uprightness always endear her to the hearts of those in the corridor of power.
A staunch Muslim, she believes that no matter what one becomes, God will always remain number one, and the revolving factor in her life. As a result, no matter where she is or what she’s doing, she makes it a duty to go to Mecca at least twice a year. She also creates time to observe her ‘Majrib’.
“That’s my only way to praise God”, she said.
The stupendously rich amazon, who owns property in choice parts of the world including London, Abuja, Lagos, Ilorin and so on, maintains a healthy routine of going to bed every day at 9pm after listening to the 8 O’clock news, and wakes up daily by 5am to pray.
Bola Shagaya is a crown jewel in the swelling ranks of African women who have demystified the stereotyped notion that the place of the woman is, and ends in the kitchen or ‘the other room’. In her continued display of business ingenuity, she has showcased the stuff women like her are made of while proving that females are capable of threading the paths that even some men would not dare venture.
Congratulations and happy birthday!
Related
You may like
Boss Of The Week
Why I Want to Be President – Romuald Wadagni
Published
4 days agoon
April 9, 2026By
Eric
By Eric Elezuo
Romuald Wadagni is not new to Benin politics, neither is he new to administration, especially in the area of financial reorientation, recovery and development. He has professionally steered the Finance and Economy ministry of his country for 10 uniterrupted years after serving as a finance guru with top finance films including the renowned Deloitte. Wadagni is an enigma, and of course Benin’s choice to be president come April 12.
Below is a text delivered by the frontline presidential candidate for the forthcoming Benin Republic Presidential election, Romuald Wadagni on his stewardship, and the expections for the average Benoise:

Over the past few years, our country has achieved what many thought was impossible. With vision and courage, we have proven that when a people decide to take charge of their own destiny, nothing can stand in their way.
The progress we have made and the efforts contributed by all now give us the means to deploy a new complementary development approach that will eradicate extreme poverty and ensure that prosperity reaches every household. This is the challenge we must take on together.

Tomorrow, every Beninese, every young person, wherever they may be, must be able to find an opportunity within reach. Our ambition involves establishing regional development hubs, giving a more prominent role to the private sector, and fully harnessing technology. The goal is clear: to create wealth for all and improve living conditions across the entire country.
This program is the logical continuation of what we have started, and the beginning of what I propose we accomplish together: to build an even greater Benin—the Benin of our dreams.
Romuald Wadagni
Related
Boss Of The Week
Evangelist Ebenezer Obey: Celebrating a Music Maestro at 84
Published
1 week agoon
April 4, 2026By
Eric
At 84, most professionals have retired to a quiet country life, living off their savings and investments or on other individuals, but not the ebullient music icon, philanthropist and accomplished teacher of God’s word, simply identified as Evangelist Ebenezer Obey.
Till date, Obey, who called himself Chief Commander in the early days of his musical adventure, still performs at shows and events; his voice still melodious and sonorous, serenading every individual within the radius of his performance. He had been an icon, and has remained an icon.
True to his words, the Evangelist marked this year’s birthday as he had always done; celebrating with God’s people, and winning souls for Christ through crusades.
This year, the music legend celebrated his 84th birthday with a two-day crusade in Abeokuta, Ogun State
The crusade themed: “Thy Kingdom Come” was organised in collaboration with the Riye Council of Knights of Methodist Church Nigeria, Egba Diocese, Abeokuta, Ogun State.
The well-attended crusades held on March 25 and 26, and featured several notable gospel artistes, such as Esther Igbekele, Joseph Adelakun aka Ayewa and Adegbemi Adewale, among others.
Evangelist Obey capped the crusade with his amazing music prowess at the Freeman Methodist Cathedral Auditorium in Abeokuta with a praise celebration
Esther Igbekele, a gospel artiste, described the event as great and wonderful programme while also thanking the celebrant for the honour of ministering.
Beyond dishing out the word through the crusade, Evangelist Obey, who is now a Professor of Music at Olabisi Onabanjo University, held a charity outreach for the less privileged in the community, noting that giving to the less privileged was his own way of showing gratitude to God for lifting him from obscurity to global stardom in the music industry.
With the crusades done and dusted, the godly Evangelist chose a low key birthday on d-day as it fell on Good Friday; a day that symbolizes the climax of the Passion of the Chriat.
He expressed hope and prayed that God would grant him the grace to see his 85th which he said would be well celebrated
Obey was born on 3 April 1942 to an Egba–Yoruba ethnic background family. Obey, whose real names are Ebenezer Remilekun Aremu Olasupo Fabiyi, was born in Idogo, Ogun State, Nigeria of Egba-Yoruba ethnic background. He is of the Owu subgroup of the Egba.
Obey began experimenting with Yoruba percussion style and expanding on the band by adding more drum kits, guitars and talking drums. Obey’s musical strengths lie in weaving intricate Yoruba axioms into dance-floor compositions. As is characteristic of Nigerian Yoruba social-circle music, the Inter-Reformers band excel in praise-singing for rich Nigerian socialites and business tycoons. Obey, however, is also renowned for Christian spiritual themes in his music and has since the early-1990s retired into Nigerian gospel music ministry. It will be worthy of note to also say that Chief Commander just as he is fondly called by his fans, has played alongside popular gospel music veteran, Pastor Kunle Ajayi during his 30 years on stage concert in Lagos.
Hale, hearty and overtly cheerful, Obey is already making plans for his 85th birthday, saying it would be well celebrated.
Obey is one of the few Nigerians, who had projected themselves in the positive light, remaining a beacon of hope to the teeming youthful generation, who have discovered no element of guile in his 84 years sojourn on the surface of the earth.
From all of us at The Boos, we wish the grand performer of generous 84th birthday, and many more years of transparent living for the benefit of the society.
Happy birthday sir!
Related
Boss Of The Week
Nola Adetola: Raising the Lagos Skyline with Oyster Towers
Published
2 weeks agoon
March 29, 2026By
Eric
By Eric Elezuo
With over 1000 housing units providing for shelter-seeking Nigerians, in just nine years, the influence and humanity embedded in the organizational structure of Veritasi Homes cannot be overemphasized.
Led by its indefatigable and energetic Chairman, Nola Adetola, Veritasi Homes has proved beyond reasonable doubt that its mission of providing affordable luxurious accommodation has come to stay.



The firm, in conjunction with Cooplag, brought the mandate to the fore one more time on Thursday, when under the watch of Lagos State Governor, Mr. Babajide Sanwo-Olu, and many other distinguished Nigerians including the Chairman of Ovation Media Group, Chief Dele Momodu, conducted the Groundbreaking ceremony for a highrise edifice, right in the heart of the prestigious Eko Atlantic City, Lagos, called OYSTER TOWERS.
This development is coming less than six months after the Nola Adetola-led team began the construction of another high rise apartment, Allied Towers, in the high profile Ikoyi Island. A testament of how desirous he is about bridging the housing deficit in Nigeria.



The entrepreneur, in his speech, noted that his efforts are geared towards continuous provision of luxurious, but affordable accommodation for the Nigerian public, as a real estate giant, in rewarding partnership with Cooplag, under leadership of Francis Adeoye.
In his speech, the Chief Executive Officer of Veritasi Homes, Mr. Nola Adetola, noted that the project is a bold new chapter in the Lagos’ skyline, and will provide competitive and a whole new approach to luxurious living, especially with its location in the Eko Atlantic City axis.



“Today, as we break ground on Oyster Towers, we are declaring possibility and our determination to do something meaningful with it. Together with COOPLAG, we open yet another chapter in Lagos’ skyline, in Nigeria’s housing story, and in Veritasi’s journey,” he said.
Recalling the journey, the trajectory, and the achievements of the Veritasi brand, Nola informed that “Nine years ago, when we began this journey, we looked at Nigeria’s real estate market and asked: Can we do better? That question gave birth to Veritasi Homes. And today, we are doing it.”



Also speaking, the President of COOPLAG, Francis Adeoye, also underscored the significance of the project and the vision behind it.
“Today, we are not just breaking ground, we are breaking barriers. We are laying the foundation for a future where cooperative strength meets architectural excellence, where innovation meets legacy, and where our members and stakeholders can aspire to live in spaces that reflect their values, ambitions, and achievements,” he said.
Adding, Adeoye intoned that “This is the realisation of a shared dream, a dream to redefine urban living and empower our members. For over three decades, COOPLAG has stood as a beacon of cooperative strength, financial empowerment, and community development.”
Expressing his belief in the abilities of the two organizations, Governor Sanwo-Olu confirmed his trust in their efforts, noting that he has been in working relationship with the team, especially Cooplag.
He informed that having been involved in the groundbreaking ceremony, he would nonetheless be involved in every step of the way, until the project comes to conclusion.
Speaker after speaker, everyone agreed that the partnership is one of the best things to happen to the real estate sector, and would give vent the housing revolution the organisations are dedicated to.
The two organizations later put pen to paper to officially seal an agreement that was meant to materialize via the erection of beauty, style, architectural intelligence, elegance and housing space in the highbrow Ikoyi Island.
With the speeches and paperwork concluded, the guests moved outside, where the traditional ritual of scooping the earth over itself was held, signifying the commencement of the task of bringing the Oyster Towers project to reality within the next coming months.
Veritasi Homes and Cooplag are tested and trusted organisations in the housing and homes sector of the Nigerian economy.
The Impressive World of Indefatigable Investor, Adetola Nola

By Eric Elezuo
Here’s the story of a man, who read his way out of poverty. A man, who is known by a dictum not common to ordinary mortals; the dictum of perfection. It is no wonder that he is credited with the saying, “I am a perfectionist, and I take nothing short of excellence”.
His name is Adetola Nola. He is the Chief Executive Officer at Veritasi Homes and Properties, A.R.N Farms and Commodities Limited, which he founded and signed off to build one of the largest rice milling plants in West Africa; Asteric Asset Management, and Baraka Energy Lithium Processing Limited. Nola’s image looms large, and he still has years before his 40th birthday.
Nola is a typical example of the ‘real’ Nigerian youths, who are steadily proving that the not too young to run mantra is not just about politics, but spreads across every facet of human endeavour, chiefly among which is entrepreneurship.
It is therefore, not a surprise that before the age of 30, the star brained thinker, determined achiever and never-say-never entrepreneur, who has conquered the world of real estate, agriculture, mining and asset management giant, is already ruling their worlds, giving back to humanity and creating leverages that are already making the world a much more better place as well as pave the way for upcoming youths to bring their dreams to reality.
Nola is a standard measure for administrative competence, and the that fact anyone can achieve greatness if they set their minds to it.
Born 1990, Adetola Nola, is unarguably an excellence-driven and innovative real estate entrepreneur with positive energy and experience instrumental in redefining success in the Nigerian real estate industry. He does not only boast of these energies, but steadfastly put them to work and has reinvented a whole new strata of home management, estate development and all round provision of affordable housing for every class of humanity, Nigerians more especially.
A well-read intellectual, Nola is a Bachelor of Engineering degree holder in Chemical Engineering from the prestigious Obafemi Awolowo University, Ile-Ife. He has not left anything to chance as regards improvement educationally as he has just concluded an MBA (Masters in Business Administration) degree at the Metropolitan School of Business & Management, London.
His strong leaning on education and in continuous learning have created in him a need not to rest on his oars, prompting him to attend many capacity development courses, including Strategic Management & Leadership courses at the London Metropolitan University, Finance and Management Courses at the London School of Business & Finance; and numerous seminars locally and internationally. Little wonder he tells anyone he cares to listen that “I read my way out of poverty”.

Ever since he ventured into entrepreneurship, Adetola Nola has not looked back; he has not allowed himself to be weighed down by the vicissitudes surrounding business establishment and grooming, and has consequently, raked in extraordinary achievements under the age of 30, prompting the magnanimous Forbes to recognise him among the Forbes Africa Under 30 Class of 2019, when he was 29.
Reacting to his selection, Nola noted that “It is an honour to be part of this list that features so many great people. Forbes has done a great job compiling and ensuring the credibility of this list since inception, and it is a leading resource for entrepreneurs, like myself.”
The CEO is an epitome of impressive leadership, corporate management skills, and rich top management experience. His expertise, knowledge and experience span sales, marketing, real estate investment, property finance, real estate advisory, management, leadership development among a long list of business and entrepreneur oriented endeavours.
From a mere start up, Nola kick-started his real estate career. He began as a real estate sales consultant with Grenadine Homes, where he recorded a plethora of successes in closing property deals. Every pie he puts his hands is on becomes a done deal. His ingenuity won him a trip to Dubai while at Grenadine. He reported that once, he sold shoes so well to a client that the client felt he could sell real estate, and there arose his interest in real estate.
In 2017, after facilitating projects for other real estate companies, he founded his own company, Veritasi with just one staff – his secretary. But his style of leadership, rooted in eye for details and profits, the company recorded over N2 billion in revenue in less than two years of operation. In his modesty, he attributed the feat to the company’s vision of solving the housing problems of middle-income earners in Nigeria.
From the proverbial mustard seed, the company has grown to boast of over 12,000 real estate consultants, 1300 Veritasi Realtors and over a score full-time staff, today. This is a magnificent leap by all standard.
Nola has remained undaunted in his pursuit of the golden fleece or the green pastures even as he encountered untold entrepreneurial hassles. It has been reported that the man, who today has a Midas touch, has failed severally in business, but his sight on the ultimate goal, kept him going. And today he is a success story. A point of reference, and a veritable instrument with a passion to see and help other businesses grow.
“All the other businesses were learning grounds for us. They failed, but they taught me a lot of things. Because when I started Veritasi, I understood business dynamics and a lot of other things. I am trying to resurrect one or two,” he said.
The entrepreneur’s experience in growing businesses from the scratch to fruition is predicated upon his ability to have either founded or co-founded five other companies, including Noah and Nola Incorporated, Pineapples Luxury Retail Store and Couture 89 amongst others. He is also the current Founder/Chief Strategist Officer of Nola Travels. It is worthy of note that Nola founded this particular business with the sole aim of helping unemployed graduates. That explains how kindhearted he is, and can always be!
Walking in the footsteps of great African entrepreneurs like Tony Elumelu, Nola has a wholesome ambition of raising at least 200 successful African entrepreneurs who will, in turn, create employment and the circle continues. He has, as a matter of fact, been training batches of at least forty realtors and entrepreneurs on business and financial intelligence in his office every Thursday since November 2018. He also helps friends and family members to analyse their businesses, just as he assists the same friends and family members to see to the fruition of their businesses.
In all, Nola has analysed over 40 businesses, and still counting, for close friends and family members in the same way he has helped in restructuring about 20 of these businesses free of charge.
His corporate social responsibility has grown in leaps and bounds, affecting lives and giving hope to as many that he has come in contact with. He is presently championing the emergence of smarter communities with green energy in Nigeria while developing and providing properties that are timely in delivery, cost-effective, energy efficient, and durable. He is also a strategic investor with investments in the automobile industry, fashion and agriculture. His catalogue of palliatives for the good of his people has remained green even as he is still a very young man.
Nola is a thoroughbred inspirational speaker as well as a resource person in many affairs of life. While impacting his community, he has acted as a resource person at many learning and discourse sessions. He has also spoken in many local and international conferences including University of Mazda, Abu Dhabi and Property Investment & Homebuyers Show, London and others.
In his quest to further affect humanity, he has partnered with a number of NGOs with the aim of eradicating poverty and establishing a positive legacy. His belief in entrepreneurship has given him leverage to solve the challenge of unemployment and poverty in Africa. He has therefore, created platforms where people can work and learn to build companies of their own.
AWARDS AND ACCOLADES
Nola is not new to awards considering his humongous achievements. He has to his credit multiple local and international awards among which are Most Enterprising Student from Obafemi Awolowo University; Most Innovative Staff from Grenadine Homes; Best Intern in Operations from NNPC; Young Real Estate CEO Speaker from Property Investment Show, London and Fastest Growing Entreprenuer from Grapevine Real Estate.
Nola is a force to reckon with, and had started from the earliest of stages to create the accolades that follows him today, even at his youthful age.
THE PRESTIGIOUS CAMBERWALL ESTATE, LEKKI
Recently, Nola’s company unveiled an ambitious site and services scheme in Lekki, called Camberwall Estate. This magnanimous project is coming just after the Star City Garden in Ibeju-Lekki was first released. The estate consists of service plots.
A must buy and home to every lover of affordable luxury, Camberwall, a homely estate, which is located along Eleko Beach and opposite Amen Estate in Ibeju-Lekki Council, is a few minutes drive to Lagos Business School, and proposed airport. There is no doubt that it is an investor’s delight.
Speaking about the estate, Nola said it is a residential haven designed to provide affordable experience in a conducive and serene environment. He added that the estate is designed to accommodate modern state of the art facilities like interlocked road, clinic and security beautiful landscape, drainages, street lights, and estate club houses.
That is not all, it comprises a central designed architectural piece of accommodation, which provides residents with an ideal believe of tranquility and modern convenience. As part of his innovations, he is replicating noiseless and smart homes in Nigeria.
Nola does not only have a Midas touch in business, he is a stickler to excellence, decorum and the best of services. Little wonder he rolled out the drums to celebrate staff and clients as the year 2021 wound down in a most elaborate end of year party. He is by all means the class of technocrats capable of turning the economic fortunes of the nation, Nigeria around, and needs to be giving a chance.
A typical Epicurus son, Nola is a lover of good things including splendid food, neatly and smartly tailored apparels and worthy vacations to ease the stress and rejuvenate the mind.
Welcome to the impressive world of the indefatigable investor, Adetola Nola!
Related


Trump Orders US Naval Blockade of Strait of Hormuz
200 Feared Killed As Military Airstrikes Hit Yobe Market
Police Probe Four Officers Accused of ‘Misconduct’ in Lagos
We’ve Crushed Iran’s Nuclear, Missile Programmes, Netanyahu Boasts
Turaki Faction Kicks As Police Unseal PDP Secretariat
Nation Building Reimagined: Integrated Principles and Strategies for Sustainable Growth
Dear CDS, NSA, Your Prodigal Sons, Brothers Have Killed General Braimah
Benin Republic 2026: Romuald Wadagni, The President in Waiting
Koumagnon Family Pledges Unalloyed Support for Romuald Wadagni As President
FG Expels US Missionary Alex Barber
Trump Delays Iran’s Strike by 2-Weeks As Pakistani Leaders Intervene
Dear CDS, NSA, Your Prodigal Sons, Brothers Have Killed General Braimah
Again, Iran Blocks Strait of Hormuz, Alleges Ceasefire Violation
Nation Building Reimagined: Integrated Principles and Strategies for Sustainable Growth
Trending
-
Featured4 days agoBenin Republic 2026: Romuald Wadagni, The President in Waiting
-
Boss Picks3 days agoKoumagnon Family Pledges Unalloyed Support for Romuald Wadagni As President
-
National5 days agoFG Expels US Missionary Alex Barber
-
World5 days agoTrump Delays Iran’s Strike by 2-Weeks As Pakistani Leaders Intervene
-
Opinion1 day agoDear CDS, NSA, Your Prodigal Sons, Brothers Have Killed General Braimah
-
Middle East3 days agoAgain, Iran Blocks Strait of Hormuz, Alleges Ceasefire Violation
-
Opinion1 day agoNation Building Reimagined: Integrated Principles and Strategies for Sustainable Growth
-
News5 days agoProminent ADC Leaders Storm INEC Hqrs in Protest Against Dictatorship

