Boss Of The Week
Fola Adeola: Celebrating a Banking Genius at 70
By Eric Elezuo
In his congratulatory message on January 10, 2024, President Bola Tinubu described ebullient banker, Fola Adeola, as a great asset to Nigeria, and indeed the co-founder of one of Nigeria’s greatest banks, Guaranty Trust Bank (GTB), now Guaranty Trust Holding Company ( GTCO), is an asset of great importance.
In the words of the president as presented by presidential spokesperson, Ajuri Ngelale, Adeola is most reputed for promoting initiatives for the economic advancement of Nigeria.
Ngelale said, “President Tinubu felicitates Mr. Adeola for reaching the milestone age and for his numerous contributions to the Nigerian business ecosystem by creating jobs, opening up investment opportunities across sectors, as well as promoting initiatives for the economic advancement of Nigeria.
“The President extols the brilliance, integrity, courage, and patriotism of the founder of one of Nigeria’s leading banks, describing him as a great asset to the nation.”
Adeola, for the benefit of hindsight, is Tinubu’s long-time friend and foremost business leader. Both has had their time in political alliance, having weathered the storm together in the now defunct Action Congress of Nigeria (ACN) where he was the party’s presidential running mate in 2011.
Born Tajudeen Afolabi Adeola on January 10, 1954, the accomplished businessman and investor had fulfilled every career promise he made posterity, met every target presented before him and excelled in every known facet of endeavour. He is a member of the Commission for Africa, as well as founder and chairman of the FATE Foundation
Adeola attended Yaba College of Technology, where he obtained his HND in Accountancy. He also received degrees from the London School of Accountancy, the International Institute for Management Development, the Lagos Business School and the Harvard Business School.
He completed his secondary school education at Methodist Boys High School, Lagos before attending the Yaba College of Technology, where he obtained a Diploma in Accounting in 1975 and 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 notable institutions worldwide including 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.
Before co-founding GTB Plc in 1990 with his long time friend, Tayo Aderinokun, Adeola was the Deputy General Manager and Divisional Head of the Financial Services Division of the Continental Merchant Bank Limited. He served in this capacity between 1986 and 1990.
At the establishment of GTB, he served as its Managing Director and Chief Executive Officer from 1990 to July 2002. His stewardship at the bank saw the bank expanding its tentacles beyond Nigeria to other neighbouring African countries including The Gambia, Sierra Leone, Ghana and Liberia, and in the United Kingdom. Under his watch, the bank became listed on the Nigerian Stock Exchange in 1996, just six years after it was founded.
In 2002, when he voluntarily retired from GTB, after twelve meritorious years, he handed over to his deputy and co-founder, Tayo Aderinokun, and dabbled into more private and personal ventures.
Since then he has served as the chairman UTC, ARM, Lotus Capital, Eterna Oil, Cardinal Stone Partners Limited, Tafsan Breweries (board member), and Credit Registry Services.
He is also the chairman of Main One Cable Company Limited, which completed the construction of an open access submarine cable system that spanned 14,000 kilometres and provides international and internet connectivity to countries on the Atlantic Coast from Portugal to Lagos in 2010.
The financial expert also had stints with the public sector, serving as Chairman of the National Pension Commission as well as the Lagos State Disaster Relief Committee set up following the January 27, 2002, Lagos armoury explosion.
As earlier stated, he was the Vice-Presidential candidate of the Action Congress of Nigeria, serving as running mate to former chairman of the Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, in the 2011 presidential elections. Adeola is also the founder and chairman of the FATE Foundation and a member of the Commission for Africa.
While serving as Chairman of the National Pension Commission, he principally authored the promulgation into law of the Pension Bill, by the National Assembly of Nigeria.
Adeola was also a member of the National Honours and Awards Committee and was appointed a member of the Governing Council of Lagos State University in November 2004. He served as a member of the Solid Minerals Committee (constituted by the Federal Government) and was the Chairman of Ogun State Development Trust Fund Committee. He was a council member of Lagos State University and until January 17, 2011, served as a council member of the Olabisi Onabanjo University.
In his years of active public and private service, Adeola remained in the forefront of achievements, carting away one honour or award after another.
In December 2002, he was decorated with the national honour of Officer of the Order of the Federal Republic (OFR) by President Olusegun Obasanjo. He also boast of an honorary doctorate from the Nkumba University, Ntebbe, Uganda, and bagged the Banker of the Decade award in 2009 by the Vanguard Newspaper group.
The investor served as a member of the Global Advisory Committee on Philanthropy of the World Economic Forum for four years. In 2001, he was invited to join twenty-four other business leaders for the Aspen Institute ISIB Annual Business Leaders Dialogue in Aspen, Colorado, and in May 2004, he was appointed Commissioner on the Commission for Africa by the British Prime Minister Tony Blair.
He is a recipient of the Distinguished Famous Alumni award by Yaba Tech, the Zik Leadership in 2003. Adeola has also won the ThisDay Awards in 2011 for Change Makers in Social Entrepreneurship.
He was a Council member, and is Fellow of the Institute of Chartered Accountants of Nigeria, and also a Fellow of the Institute of Directors of Nigeria.
Adeola’s numerous achievements in the career front are replicated on the home front as he is hsppily married to Hajara, and they are blessed with six children.
The Wikipedia captured her trajectory as follows:
In October 2009, she was elected Ghana’s representative to the executive board of the United Nations Educational, Scientific and Cultural Organisation (UNESCO).
Ahead of the 2012 general elections, Jane Opoku Agyemang moderated the debate with Kojo Oppong Nkrumah.
On 26 October 2018, she became Chancellor of the Women’s University in Africa located in Zimbabwe.
She has served on many local and international boards and committees such as the Centre for Democratic Governance, (CDD-Ghana), the editorial board of the Harriet Tubman Series on the African Diaspora (Africa World Press Inc. USA), the Africa Initiative in Canada, and the College of Physicians and Surgeons as an Eminent Citizen.
Opoku-Agyemang is an author. Her focus areas includes Literature with a focus on Women from Ghana, Oral literature in Ghana and Africa, Communication Skills and Issues in the African Diaspora. As an academic she has written and published in scholarly journals and presented articles at various conferences including at the 200th Anniversary of the Abolition of Slavery at the United Nations Headquarters in New York City and at the Inaugural Lecture to the Ghana Academy of Arts and Sciences.
In 2015, as Education Minister, she published and launched a five volumes collection of published folktales titled ‘Who told the most incredible story?”’
A key focus area during her tenure was empowering girls and advocating for gender equity in education. Her leadership drove the implementation of policies that tackled gender disparities, promoted higher female enrolment and retention rates, and empowered girls through education. Her initiatives played a pivotal role in creating more inclusive opportunities for young women across Ghana.
Additionally, she led the conversion of 10 polytechnics across the regions into technical universities, a bold initiative that elevated the status of these institutions, broadening their academic scope and enhancing vocational education. This reform was instrumental in aligning Ghana’s educational framework with global trends, equipping students with practical skills for a competitive job market.
During her tenure, Opoku-Agyemang initiated the construction of 124 Community Day Senior High Schools, known as “E-Blocks,” to improve access to secondary education in underserved areas. By the end of her term, 50 schools were completed and operational, providing modern facilities such as science laboratories, libraries, and ICT centres. This initiative significantly expanded educational opportunities, particularly in rural and peri-urban communities, and underscored her commitment to addressing disparities in access to quality education.
Opoku-Agyemang oversaw the completion of key infrastructure at the University of Health and Allied Sciences (UHAS) in Ho, including the School of Basic and Biomedical Sciences, a hostel block, and staff accommodation at its Sokode campus. The university was inaugurated by President John Dramani Mahama in November 2015, underscoring the government’s commitment to expanding access to quality higher education and supporting the training of health professionals to address national healthcare needs.
She also played a critical role in establishing the University of Environment and Sustainable Development (UESD) in the Eastern Region. She facilitated the passage of the enabling Bill in Parliament and secured funding for the university. In December 2016, President John Mahama officially cut the sod for the construction of the UESD’s Somanya campus.
Vice presidential campaign
Opoku-Agyemang was selected as the presidential running mate for the National Democratic Congress (NDC) on 6 July 2020 for Ghana’s December 2020 General elections. She became the first female running mate of the two major political parties in Ghana. Her selection by the flagbearer, John Dramani Mahama of the National Democratic Congress was applauded by women groups and women activists as a positive sign to the Ghanaian political scene to promote gender balance and equality.
She appealed to Ghanaians to vote for change and promised to use her office as vice president to influence sustainable development and practical youth-centred policies. Her campaign message was devoid of attacks on opponents. Her intensive campaign in the coastal communities and her home region, the Central Region yielded results as the NDC won most of the constituencies they had lost in 2016. The NDC also won 9 out of the 16 regions in Ghana including the major battleground, Greater Accra.
The NDC National Executive Committee, on 7 March 2024, officially endorsed Opoku-Agyemang again as the running mate for the party’s flagbearer, ahead of the 2024 general elections.
Opoku-Agyemang became the vice president–elect after Mahama won the 2024 presidential election.
On 7 January 2025, Opoku-Agyemang was sworn in as the Vice President of Ghana, becoming the first female to hold the office. The ceremony took place at Independence Square in Accra, where she took the Oath of Allegiance and the Vice President’s Oath before Chief Justice Gertrude Torkornoo. Her appointment marked a significant moment in Ghana’s political history, as she became the first woman to assume the role of Vice President in the country’s history.
Opoku-Agyemang has been honoured with honorary degrees from the University of the West Indies and Winston-Salem University. She has also received an award for Global leadership from the University of South Florida in Tampa. She received the Officer of the Order of the Volta award for Academic Distinction in 2011 by President John Atta Mills and Ghana Women of Excellence Award in the Education category due her contribution to the development and promotion of quality education in Ghana. She was acknowledged for Outstanding Performance in Advancing International Education, School for International Training, Vermont, USA on two occasions.
In 2020, she was named among the 40 Most Inspirational Female Leaders in Ghana for serving as a role model for women in Ghana and in Africa. In January 2023, she was listed among the 100 most reputable Africans.
It is believed that her antecedents and wholesale performances in all the offices she had previously held, will come to bear as she studiously assists Mahama to reignite the 24hour economy he is known for.
By Eric Elezuo
The academic environment, or to be more specific, the ivory tower, thrives on quality, capacity, intelligence and ability to think out of the box. It is further complicated when to become a vice Chancellor, one has to be above board, be the ultimate cetris paribus and have the never-say-never attitude to get things done.
These are the qualities, and more that propelled 41-year-old Professor of International Law, at the University of Abuja, Professor Aisha Sani Maikudi, to the height of administration head of the institution as the Vice Chancellor.
Just into her fourth decade as a human being, Aisha has come of age, smashing the proverbial glass ceiling, and hitting stardom where it was least expected. She is the real slay queen, endowed with beauty, brains and absolute intelligence.
A profile of her personality published on the university site, noted that for her to assume the incumbency of the University administration, Aisha has arrived, seen and conquered, creating room of encouragement, inspiration and desire among the young ones, especially the female folks, who look up to her. She is an enigma.
The profile reads as follows:
Professor Aisha Sani Maikudi, a distinguished scholar and professor of International Law at the University of Abuja is from Katsina State, Nigeria. She began her educational journey at Sacred Heart School, Kaduna, where she obtained her First School Leaving Certificate (FSLC) in 1993. She proceeded to Queens College, Yaba, Lagos, earning her West African Senior School Certificate Examination (WASSCE) in 1999, her LLB degree from the University of Reading, UK, the LLM from the London School of Economics, UK, BL from the Nigeria Law School, Abuja and Ph.D from the University of Abuja, Nigeria.
Maikudi’s academic excellence took her to the University of Reading, where she earned an LLB in 2004. She further specialised in Public International Law, obtaining an LLM from the London School of Economics and Political Science in 2005. After completing her legal education at the Nigerian Law School (2006–2007). In 2007, Professor Aisha Sani Maikudi did her National Youth Service Corps at the Corporate Secretariat and Legal Division of the Nigerian National Petroleum Corporation. She pursued and had a PhD in International Law from the University of Abuja in 2015.
She joined the University of Abuja as a Lecturer II on 4th September 2008, and rose through the ranks to become a professor in 2021.
Professor Aisha Sani Maikudi broke barriers as the first female and youngest Head of Department in 2013, the first female Deputy Dean of the Faculty of Law in 2018, and the pioneer Director of the University of Abuja International Centre in 2019. She also served as the Deputy Vice-Chancellor (Academic), where she was instrumental in enhancing academic standards and promoting a culture of excellence at the University.
To date, she is the youngest Professor of the University of Abuja and indeed Nigeria, as well as the first female Professor of Law in the North West and the University of Abuja. She specializes in United Nations Law, backed by extensive research and numerous publications in academic journals and book chapters. Professor Aisha Sani Maikudi floated a Postgraduate course on United Nations Law and has supervised numerous undergraduate and postgraduate theses and dissertations, contributing to the growth of legal scholarship. She has also taught Company Law for over 12 years and is well versed in its mechanics.
Professor Aisha Sani Maikudi has represented her university and country at numerous national and international conferences, workshops, and training sessions across the UK, US, South Africa, Germany, Italy, China, Ghana, and Egypt. She has presented papers at many of these events, further solidifying her global reputation as an academic leader.
She is an active member of several professional organisations, including the Nigerian Bar Association (NBA), Nigerian Law Teachers Association (NLTA), International Federation of Women Lawyers (FIDA), and Nigerian Society of International Law.
Aisha is married with children.
By Eric Elezuo
The constantly improved city of Osogbo was agog weekend when the Secretary to the Government of the Osun State, Igbalaye Teslim Adekunle, was installed as the Bobagunwa of Osogboland, replacing his late father, Alhaji Abdulrasheed Igbalaye, who was the pioneer Bobagunwa of Osogbo.
The installation of Teslim Adekunle mark the continuation of visionary leadership, a legacy built on profound patriotism and a relentless commitment to the progress of people of Osogbo in particular, and Osun State in general.
The occasion, a combination of pomp, grace, culture and class, drew together the who is who in Osun, West and national politics to the land that bustles with melodious springs.
This venue was the royal palace of Ataoja of Osogbo, His Royal Majesty, Oba Jimoh Oyetunji (Larooye II), who presided over the ceremony, and had the singular honour of conferring the prestigious feather on the new Bobagunwa.
As early as the first light of the d-day, guests from all corners and walks of life, some, who had arrived the day before, began trooping into the colorful premises of the palace with giant billboards showcasing the about to be installed Bobagunwa and the royal father.
From afar as well as near, dignitaries including traditional rulers, government officials, captains of industries, entertainment buffs, students organisations, community groups, youths and the general public, all converge to witness the glory of a man many believe is a force to reckon with, in both community relations and political administration.
Among notable names present were the Osun state Governor, Senator Nurudeen Ademola Adeleke; the Deputy Governor, Prince Kola Adewusi; former governor of the state, Prince Olagunsoye Oyinola; former Osun state Deputy Governor, Mrs. Titi Laoye-Tomori and her husband; Oba Abolarin Adedokun, Speaker, Osun State House of Assembly, Rt. Hon. Adewole Egbedun; Deputy Speaker, Rt. Hon. Akinyode Abidemi Oyewusi; Chief of Staff to the Governor, Alhaji Kazeem Akinleye, Senator representing Osun West Senatorial District, Sen. Lere Oyewunmi, Senator representing Osun Central, Sen. Olubiyi Fadeyi-Ajagunla, State PDP Chairman, Hon. Sunday Bisi, Former Chief of Air Marshal, Air Marshal Oladayo Amao; Araba Ifayemi Elebuibon, Mr. Oye Balogun the Secretary to the Kogi State Government, Dr. Folashade Arike Ayoade, the Timi of Ede Land, Oba Munirudeen Lawal, Hon. Adewale Morufu Adebayo, and a host of other eminent personalities.
Glad in prestigious all red traditional babariga attire, Igbalaye arrived the venue, in company of his wife, children and aides to a rousing welcome of acceptance. The team could not help but respond to the melodious sounds emanating the drums of the itinerant drummers, with corresponding dance steps.
It was not long before the Ataoja, in full view of the guests, including Governor Adeleke, performed the rites of installation, and pronounced Igbalaye, the new Bobagunwa of Osogboland to a loud applause that ricochetted across the length and breadth of Osogboland. He enjoined the new Bobagunwa to uphold tradition and its institutions, and never betray that trust of his people. He harped on the sanctity of the title, and advised the bearer to remain a beacon that he has always been.
In his response as the Bobagunwa, Teslim Adekunle, promised to extend the legacy of truthfulness, honesty, leadership and hard work as handed down by the previous Bobagunwa.
With happiness visibly showing on his face, the Bobagunwa conducted himself round the venue, exchanging pleasantries, in apparent performance of his first official duty as the stool occupier.
In his brief remarks, Governor Adeleke, known for his jovial disposition and dancing prowess, congratulated the new Bobagunwa, and task him to bring unity to not only Osogboland, but the entire Osun State and Nigeria at large. He also thanked the Ataoja for the honour his SSG, noting that the royal father has been a supporter of the administration towards delivering good governance.
The stage was practically set for music, dance and good food, and every attendee had his very full. King Sunny Ade was on hand to make that guest enjoined the best of dancing and music
According to tradition, the title of Bobagunwa is conferred upon deserving sons of the land, and carries immense prestige, aa well as comes with responsibilities.
It is those, like Teslim Adekunle, who have played a significant role in the growth and development of the city in the past, and are committed to the future development of the state in culture and tradition, infrastructure and general growth, are eligible for the honour.
Bobagunwa, a Yoruba language word, which means “to reign with the king” is a clear testament that Teslim Adekunle is qualified to be a confidant of the reigning king. And by implication, demands express commitment and dedication to the king of Osogbo, who is the Ataoja.
Gov Eno’s Verification Exercise Uncovers 2000 Ghost Workers in Civil Service – NLC
Court Sacks Pro-Wike Rivers PDP Chairman
UBA Produces 60 Millionaires, Releases N200m Worth of Gifts As Legacy Promo Ends
Lawmakers Impeach Lagos Assembly Speaker, Obasa
Makinde Ignores Oyomesi’s Rejection, Presents Staff of Office to New Alaafin of Oyo
The Return of Mr 24Hour Economy – Juicy Details of John Mahama’s Presidential Inauguration
Viral Video: The Okoya Family Comprises Responsible Citizens
Nigerian Engineer Wins $500m Contract to Build Monorail Network in Iraq
WORLD EXCLUSIVE: Will Senate President, Bukola Saraki, Join Presidential Race?
World Exclusive: How Cabal, Corruption Stalled Mambilla Hydropower Project …The Abba Kyari, Fashola and Malami Connection Plus FG May Lose $2bn
Rehabilitation Comment: Sanwo-Olu’s Support Group Replies Ambode (Video)
Fashanu, Dolapo Awosika and Prophet Controversy: The Complete Story
Pendulum: Can Atiku Abubakar Defeat Muhammadu Buhari in 2019?
Pendulum: An Evening with Two Presidential Aspirants in Abuja
Who are the early favorites to win the NFL rushing title?
Boxing continues to knock itself out with bewildering, incorrect decisions
Steph Curry finally got the contract he deserves from the Warriors
Phillies’ Aaron Altherr makes mind-boggling barehanded play
The tremendous importance of owning a perfect piece of clothing
-
News6 years agoNigerian Engineer Wins $500m Contract to Build Monorail Network in Iraq
-
Featured7 years agoWORLD EXCLUSIVE: Will Senate President, Bukola Saraki, Join Presidential Race?
-
Boss Picks7 years agoWorld Exclusive: How Cabal, Corruption Stalled Mambilla Hydropower Project …The Abba Kyari, Fashola and Malami Connection Plus FG May Lose $2bn
-
Headline6 years agoRehabilitation Comment: Sanwo-Olu’s Support Group Replies Ambode (Video)
-
Headline6 years agoFashanu, Dolapo Awosika and Prophet Controversy: The Complete Story
-
Headline6 years agoPendulum: Can Atiku Abubakar Defeat Muhammadu Buhari in 2019?
-
Headline7 years ago
Pendulum: An Evening with Two Presidential Aspirants in Abuja
-
Headline6 years ago2019: Parties’ Presidential Candidates Emerge (View Full List)