Boss Of The Week
Fola Adeola: Celebrating a Banking Genius at 70
Published
8 months agoon
By
EricBy 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.
Related
You may like
Boss Of The Week
The Consummate Entrepreneur, Kola Adesina
Published
12 hours agoon
September 7, 2024By
EricAn entrepreneur of international repute, the managing director of Sahara Group, former Chairman of Egbin Power Plc, and board chairman of Ikeja Electric, is a toast among the teeming number of Nigerian philanthropists. He basically stands out.
According to a narrative volunteered by his organisation, the billionaire industrialist is a consummate entrepreneur with experience that traverses the academia, finance, energy, trade and diplomacy. He’s a Director at Sahara Group, a leading international energy (power, oil and gas) and infrastructure conglomerate with operations in over 38 countries across Africa, Asia, Middle East and Europe.
Kola currently leads the vision of Sahara Power Group aimed at bringing energy to life by deploying diversified power sources to light up lives, businesses and sustainable interventions in Nigeria and across Africa. Kola specifically oversees the Group’s affiliates including Ikeja Electric, the largest privately owned power distribution business in South Saharan Africa (SSA), Egbin Power Plc – the largest thermal plant in SSA (with 1,320MW installed capacity with ongoing expansion plans to increase the capacity over two-fold, providing a quarter of the total generating capacity in Nigeria) and First Independent Power Limited.
Kola combines his years of management and business diplomacy experience into creating and executing innovative strategies for governments across sub Saharan Africa in the energy sector. Kola is a much sought after resource person on energy related issues, especially the power sector in Africa and is also a frontline speaker at conferences across the globe.
He is passionate about empowering young people and takes great pride in mentoring youths to seek creative ways of galvanizing their energies for sustained excellence and productivity. Mr. Adesina is a pan-Africanist, a seasoned entrepreneur and avowed promoter of the Pan African Dream of regional integration and trade.
Am accomplished family man, Kola Adesina holds a B.SC (Insurance), M.SC. (Business), Masters in International Law and Diplomacy and is an Associate of the Chartered Institute of Insurance.
Related
Boss Of The Week
The Impressive World of Indefatigable Investor, Adetola Nola
Published
2 weeks agoon
August 24, 2024By
EricBy 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 nobwonder that he is credited with the say, “I am a perfectionist, and I take nothing short of excellence”.
His name is Adetola Nola. He is athe 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 is just 34.
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 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 18 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
Boss Of The Week
Meet Nigeria’s Next CJN, Justice Kudirat Kekere-Ekun
Published
3 weeks agoon
August 18, 2024By
EricBy Eric Elezuo
During the week, the National Judicial Council (NJC), in line with popular anticipation, recommended Justice Kudirat Motonmori Kekere-Ekun to President Bola Tinubu for appointment as the Chief Justice of Nigeria (CJN).
On confirmation, Kekere-Ekun will become the second female to become Nigeria’s head of the judiciary, after Aloma Mariam Mukhtar, whose tenure ran from July 2012 to November 2014. She will replace Justice Kayode Ariwoola, who will formally bow out on August 22.
The NJC also recommended 27 candidates for appointment as judges of state courts and one as Kadi of the Sharia Court of the FCT, Abuja.
A statement by the spokesperson of the NJC, Soji Oye, said the recommendation was made at the Council’s 106th Meeting presided over by the Chief Justice of Nigeria, Justice Olukayode Ariwoola, held on August 14 and 15.
The statement read: “The NJC also “recommend twenty-seven (27) candidates for appointment as Judges of States Courts and a candidate for appointment as Kadi of the Sharia Court of the FCT, Abuja to their various State Governors and Mr President.
“NJC recommends Hon. Justice Kudirat Motonmori Kekere-Ekun, CFR as the Hon. Chief Justice of Nigeria and Twenty-eight (28) others as Judges of various Courts.
“The National Judicial Council at its 106th Meeting presided over by the Hon. Chief Justice of Nigeria, Hon. Justice Olukayode Ariwoola, held on August 14 and 15, 2024, recommended Hon. Justice Kudirat Motonmori Kekere-Ekun, to President Bola Tinubu, for appointment as the Chief Justice of Nigeria.
“This is imperative as Hon. Justice Olukayode Ariwoola, will formally bow out of office as the Hon. Chief Justice of Nigeria next week Thursday on August 22, 2024.
“Council also recommend twenty-seven (27) candidates for appointment as Judges of States Courts and a candidate for appointment as Kadi of the Sharia Court of the FCT, Abuja to their various State Governors and Mr. President as follows:
Chief Justice of Nigeria (CJN)
Hon. Justice Kudirat Motonmori Kekere-Ekun, CFR
Six Judges, High Court of Kwara State
Olawoyin, Ibijoke Olabisi, Abdulrazaq, Fatimah Funsho, Folorunsho, Oba Muritala, Dikko, Yusuf Adebayo, Adeniyi, Oluwatosin Adenike and Osuolale-Ajayi, Temitope Olalekan
One Judge, High Court of Kaduna State
Zubairu, Murtala Ja’afaru
Four Judges, High Court of Benue State
Kor, Vincent Tersoo, Ikwulono, Maigida Maimuna, Adagba, Nguhemen Julie and Tor, Damian Tersugh
Two Judges, Customary Court of Appeal, Benue State
Onche, Ogah Inalegwu and Igba, Theophilus Terhile
Eight Judges, High Court of Rivers State
Onyiri, Frank, Ugoji, Victor Chinedum, Obomanu, Godswill Vidal, Oguguo, Rita Chituru, Fubara, Alatuwo Elkanah, Kokpan, Bariyima Sylvester, Obu, Ibietela Innocent Madighi and Wifa-Adedipe, Lesi
Six Judges, High Court of Ondo State
Daomi, Williams Adebisi, Fabuluje, Adewumi William, Ogunwumiju, Mobayonle Idowu, Demehin-Ogunbayo, Inumidun Happiness, Kpemi, Ojufisintei Justinah and Adegoroye, Olufunke Adeola
One Kadi, Shariah Court of Appeal, FCT, Abuja.
Muhammad, Lawal Munir
“All recommended candidates are expected to be sworn-in after the approval of the NJC recommendations to the President and their respective State governors.”
Justice Kekere-Ekun joined the Lagos State Judiciary as Senior Magistrate II and rose to the position of the State High Court Judge. She served as Chairman of Robbery and Firearms Tribunal, Zone II, Ikeja, between November 1996 to May 1999. She was appointed to the bench of the Nigerian courts of appeal in 2004 before her appointment as Justice of the Supreme Court of Nigeria in July 2013.
In 2020, Kekere-Ekun was on the seven-member panel that sacked Imo State governor Emeka Ihedioha and declared that the winning candidate was Hope Uzodinma of the All Progressives Congress (APC), who originally came fourth in the election results. Ihedioha described the verdict as “unfair, unjust and does not reflect the voting that took place during the elections”.
Kekere-Ekun is expected to bring a new lease of life to the judiciary towards restoring its dignity and respect. Her tenure Kickstart on August 22 when Justice Ariwoola will bow out of office.
Related
The Consummate Entrepreneur, Kola Adesina
Adding Value: Money is Priceless But Has Limit by Henry Ukazu
Ngelale Resigns As Tinubu’s Media Aide
Voice of Emancipation: Get Ready for Yoruba Nation
The Oracle: Integrity and Human Rights Protection in Nigeria (Pt. 1)
Revisit Your Drawing Board, Nigerians Are Suffering Deeply, Yoruba Elders Tell Tinubu
Burkina Faso Releases New Passport Without ECOWAS Logo
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
Trending
-
News6 years ago
Nigerian Engineer Wins $500m Contract to Build Monorail Network in Iraq
-
Featured6 years ago
WORLD EXCLUSIVE: Will Senate President, Bukola Saraki, Join Presidential Race?
-
Boss Picks6 years ago
World Exclusive: How Cabal, Corruption Stalled Mambilla Hydropower Project …The Abba Kyari, Fashola and Malami Connection Plus FG May Lose $2bn
-
Headline6 years ago
Rehabilitation Comment: Sanwo-Olu’s Support Group Replies Ambode (Video)
-
Headline6 years ago
Fashanu, Dolapo Awosika and Prophet Controversy: The Complete Story
-
Headline6 years ago
Pendulum: Can Atiku Abubakar Defeat Muhammadu Buhari in 2019?
-
Headline6 years ago
Pendulum: An Evening with Two Presidential Aspirants in Abuja
-
Headline6 years ago
2019: Parties’ Presidential Candidates Emerge (View Full List)