Boss Of The Week
Nneka Onyeali-Ikpe: Undisputed Amazon of Banking
Published
7 months agoon
By
EricBy Eric Elezuo
The reward for hardwork has always been hardwork, and so it was when the Fidelity Bank group rewarded its indefatigable Group Managing Director and Chief Executive Officer, Mrs Nneka Onyeali-Ikpe, with an extension of her employment contract. No doubt, Mrs Onyeali-Ikpe, reputed as a solid amazon in the finance sector, and a go-getter, has seen and conquered the banking arena, and is honoured among veterans as a solid foundation in Nigeria’s money business.
Born on July 28, 1964, and on the verge of hitting the diamond age, Nneka, as beloved and close family members, friends and colleagues fondly call her, is a force to reckon with, and has in a space of 32 years and counting, of career banking, brought to bear all the stops that make for great banking and financial experience, climbing to the topmost echelon of investment banking and related areas.
It was not surprising therefore that Fidelity Bank Plc has announced its decision after a thorough Board of Directors’ meeting to extend the employment contract of the ebullient achiever from 2024 to 2026.
The announcement, which was taken on February 12, 2024, and contained in the company’s notice to the Nigerian Exchange Limited (NGX), and signed by Ezinwa Unuigboje, the Company Secretary noted that the extension is in furtherance of the Bank’s strategic objectives and premised on Dr. Nneka Onyeali-Ikpe’s sterling performance since the assumption of office on January 1, 2021.
The statement reads:
“Fidelity Bank Plc (the Bank) is pleased to announce its Board of Directors’ decision to extend the employment contract of its GMD/CEO, Dr. Nneka Onyeali-Ikpe, from 2024 to 2026.
“The decision was taken at the Board meeting on February 12, 2024. The extension is in furtherance of the Bank’s strategic objectives and premised on Dr. Nneka Onyeali-Ikpe’s sterling performance since assumption of office on January 1, 2021,”
The Board noted, and without equivocation, that it is confident that the Bank’s performance will continue its upward trajectory under Dr. Nneka Onyeali-Ikpe’s leadership, and looks forward to working closely with her and the Executive Management Team on execution of various strategic initiatives including international expansion.
Before attaining the enviable GMD with Fidelity Bank, Onyeali-Ikpe had out of dint of hardwork, paid her dues from lesser positions.
She began her career in 1990, when she was employed as a legal officer for the now-defunct African Continental Bank. She later worked as a treasury officer for the First African Trust Bank, and thereafter joined Zenith Bank, and subsequently the Standard Chartered Bank. Her experience in the course of her sojourn are combined to make her a toast of the banking industry today.
Having cut her teeth, and garnered a lot of experience and good, she was in 2011, absorbed by Enterprise Bank as an Executive director of the bank’s operations in Lagos and other locations in the South-Western region in Nigeria. She wasted no time in turning around the fortunes of the bank.
In January, 2015, Onyeali-Ikpe joined Fidelity Bank as an Executive Director, and rose through the ranks until she was announced the Managing Director in December, 2020. Following her appointment, Nneka became the first female MD/CEO in the history of the bank.
Presently, Dr Nneka Onyeali-Ikpe, with the national honour of Officer of the Order of the Niger (OON) is the Group Managing Director and Chief Executive Officer of Fidelity Bank Plc, a foremost financial institution with a client base of about nine million customers.
Apart from her Law degrees, from the prestigious University of Nigeria, Nsukka and Kings College, Onyeali-Ikpe has also attended executive training programs at Harvard Business School, The Wharton School University of Pennsylvania, INSEAD School of Business, Chicago Booth School of Business, London Business School and IMD amongst others.
It is worthy of note that she recently completed a Diploma programme in Organizational Leadership at Said Business School, Oxford University, UK and received an honorary doctorate degree in Business Administration at the University of Nigeria, Nsukka (UNN). She is also the recipient of the national award of the Officer of the Order of the Niger (OON) which was awarded to her by the Federal Government of Nigeria in 2023.
With close to 34 years of rewarding banking experience through Enterprise Bank, Citizens International Bank, Zenith Bank and Standard Chartered Bank among others, the woman is surely a force to reckon with.
A woman of many parts, Onyeali-Ikpe has also been involved in the structuring of complex transactions in Oil and Gas, Manufacturing, Aviation, Real Estate and Export among many others.
She is, without an iota of doubt, widely regarded as one of Africa’s leading female CEOs with a reputation for authentic leadership and proven people skills in identifying talents, opportunities and executing complex business deals. She has extensive business development experience with proficiency in retail, corporate and commercial banking and treasury management among others.
LANDMARK ACHIEVEMENTS IN FIDELITY BANK
Under Nneka’s watch, the Bank grew its PBT from N25.22bn in FY 2021 to N122bn in FY 2023. Nneka has now set her horizon on leveraging the opportunities in select high growth international markets where the Bank has a competitive advantage. She most recently guided the bank to obtain the approval of the Central Bank of Nigeria to expand its operations to the United Kingdom with the acquisition of the former Union Bank UK, now Fidelity Bank UK Limited.
Passionate about innovation and embracing technology, Nneka has pioneered several innovative and pacesetting products such as the PayGate Plus, an online platform that enables businesses make and receive payments.
Dr. Onyeali-Ikpe has also radically repositioned the bank as the go-to financial institution for Small and Medium Enterprises. Understanding the crucial role of small businesses in the sustenance of economic growth and development, she led the bank to create the Fidelity International Trade & Creative Connect (FITCC) which is aimed at providing a global platform for exporters, regulators, subject matter experts and foreign markets to connect.
The FITCC 2022 edition was attended by representatives of both the UK & the Nigerian Governments, Nigerian exporters, investors, regulators from the United Kingdom and Nigeria, the business community and other practitioners. The pipeline deals from the event was in excess of $200m. Over 2,000 people registered to attend the event and daily foot-fall was about 1,000.
The second edition of FITCC, which was hosted in Houston, Texas, United States of America in October 2023, was even bigger with projected pipeline deals of over $250m and more than 160 businesses in participation. Tagged, FITCC Houston, the success of the event is signposted by the designation of 25 October 2023 as the “Fidelity International Trade and Creative Connect Day” by Mr. Sylvester Turner, Mayor of Houston.
HER CORPORATE SOCIAL RESPONSIBILITY EFFORTS
In her bid to give back to the communities the Bank serves and as part of her efforts to combat the twin issues of poverty and hunger, Dr. Onyeali-Ikpe recently launched a National Corporate Social Responsibility initiative tagged The Fidelity Food Bank which provides free food bags to people across Nigeria monthly.
In recognition of her leadership and outstanding performance, she received commendation from AMCON as a member of the Management Team that restructured and turned around the fortunes of the erstwhile Enterprise Bank. She also received several board commendations from the Managing Directors of Standard Chartered Bank and Citizens International Bank for outstanding performance at various times.
FIDELITY AWARDS UNDER ONYEALI-IKPE’S WATCH
With Onyeali-Ikpe as the Chief Executive Officer, Fidelity Bank has been the recipient of several awards within and outside Nigeria some of which are:
1. Best Commercial Banking Brand in Nigeria by the Global Brands Magazine Awards
2. Best Private Bank in Nigeria by The Financial Times in association with The Banker Magazine
3. Trade Ambassador Award by the Nigerian-American Chamber of Commerce (NACC)
4. Global Finance’s World’s Best Private Banks 2023 awards for Best Private Bank in Nigeria
5. The Best Payment Solution Provider Nigeria 2023 in the 2023 Global Banking & Finance Awards
6. Export Finance Bank of the Year at the BusinessDay and Other Financial Institutions’ (BAFI) Awards 2023.
7. The “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.
PERSONAL RECOGNITIONS AND AWARDS
On her own part, Dr. Onyeali-Ikpe has been recognized by numerous local and international bodies for her sterling achievements. These include:
1. The national award of the Officer of the Order of the Niger (OON) by the Federal Government of Nigeria in 2023.
2. The Banker of the Year 2022 at the 14th Leadership Annual Conference and Awards and
3. The Best Banking CEO Nigeria 2023 in the 2023 Global Banking & Finance Awards.
4. 2023 Top 25 CEOs in Nigeria at the BusinessDay Awards
5. The Banker of the Year 2022 at the Champion Newspapers’ Awards of the Year 2022.
Considering her versatility, industry knowledge and vast network, she also serves on the following Committees and organizations:
1. Chairperson, Financial Literacy and Public Enlightenment Sub-Committee of the CBN Bankers Committee.
2. Chairperson, Funds and Grants Committee of the Chartered Institute of Bankers of Nigeria
3. Member, Audit Committee of FMDQ Group PLC
4. Member of the Board, Shared Agent Network Expansion Facilities (SANEF)
5. Member of the Board, Unified Payment Services Limited
PERSONAL LIFE
Onyeali-Ikpe is married to Dr. Ken Onyeali Ikpe, PhD, a visionary leader with strong business acumen and respected for his demonstrated knowledge in Marketing, Branding and Consumer Consulting and Business acceleration.
She is a celebrated wife and mother, who has combined home duties with professional endeavours with allowing any to suffer.
For being so dedicated to the economic development of the country, we honour ma as our Boss of the Week. Congratulations!
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Boss Of The Week
Martial Kpochan: Africa’s Entrepreneurial Pride
Published
6 days agoon
September 29, 2024By
EricBy Eric Elezuo
Africa is a great land, and Africans are great and intelligent people, contributing more than their quota to the growth and development of world economy, sustainability and peace. This is a direct consequence of the untold efforts of the continent’s men and women of different class and creed, who are doing great things across the length and breadth of the continent and beyond. One of such indefatigable geniuses is the incredible Martial Kpochan, an African of Beniniose descent, who plies his enterprise across every available space in the universe. He majors in trade and investment, auditing and accounting among distinguished entrepreneurial endeavours.
Martial Kpochan image looms large, and speaks volumes in the financial and accounting world as he is reputed to be the brain behind the founding and establishment of the 10 Principles of Economy of Being, which has garnered a wide global recognition.
Born in Cotonou, Benin Republic, on June 30, 1981 to the family of Mr and Mrs Pierrot Kpochan, Martial as he is fondly known among family and friends, is an epitome of business solutions, initiatives and economic renewal, having invested over 20 years of his life in entrepreneurship, garnering experience in financial auditing, accounting expertise, and business and damage valuation. Martial Kpochan has, without equivocation, built a remarkable career rich in diverse experiences and deep expertise.
Martial’s professional career kickstarted in 2002, when he was absorbed at the audit firm, SACOR, in Paris, France. Afterwards, and with a backload of experience, he moved to Montreal, Canada, where he joined Picard Choronzey Inc.
In 2005, he returned to France and worked with BDO and DELOITTE groups in quick succession.
Budding with the zeal to further affect the world, Martial, in 2008, and driven by an entrepreneurial vision, desire to affect humanity, his country of birth and his country of residence, France, he founded Natray Consulting Group, a company he chairs till the present.
Among many of his larger than life academic and professional build-ups and accomplishments, Martial is certified in Public Expenditure and Financial Accountability (PEFA), a framework developed by the IMF and the World Bank for assessing public financial management.
He is also a statutory auditor at the Court of Appeal of Versailles, and his qualifications also include certifications in business and damage valuation, as well as degrees in accounting expertise and advanced accounting and financial studies. He is a member of the Order of Chartered Accountants of Benin, the Order of Chartered Accountants of France, and the South African Institute of Professional Accountants.
Additionally, Martial Kpochan has led numerous audit and financial expertise missions for prestigious companies, governments, and projects funded by international donors such as the World Bank and the European Union, positioning him as a recognized leader in his field.
Under his leadership, Natray Consulting Group has become a major international player with a significant presence in Africa and Europe. Martial Kpochan’s international experience spans several continents, with missions in France, Canada, Hong Kong, South Africa, West Africa, North Africa, and Central Africa. This exposure to diverse economic contexts has allowed him to develop great openness and a deep understanding of global financial dynamics, enhancing his ability to adapt to local specificities while maintaining a global vision.
In parallel with his career in finance, Martial Kpochan is passionate about humanist philosophy. This intellectual quest led him to found the Institute of Economic and Political Intelligence in 2012, followed by the creation of the Institute of Being, which he currently presides over. This institute aims to defend the public interest in the decision-making process.
In this capacity, he has published the “10 Principles of the Economy of Being,” which he actively promotes in Africa and internationally. Today, Martial Kpochan dedicates himself to the Institute of Being, where he continues to influence public decision-making by defending the general interest.
His dual approach, combining rigorous technical expertise with deep philosophical reflection, gives him a unique perspective on addressing the complex challenges facing contemporary societies. His vision and leadership position him as a key actor capable of making significant contributions to public governance and improving management practices on a global scale.
Aligned with his grand vision of the Economy of Being, he supports the ECRU ESSENCE project, which aims to create a production line using locally made fabric from Benin, bringing it to the forefront. This project could create more than 10,000 long-term jobs. Through his investment, the ecru fabric was showcased in its first fashion show during FESMMA 2024.
His commitment to democracy has led him to participate in two major conferences at the Vatican, one on education and democracy, and the other on democracy in a fragmented world. On these occasions, he had the opportunity to meet the Pope during two audiences.
His involvement and visionary approach have allowed him to meet the President of the Parliament of the Canton of Geneva and participate in a conference at the World Economic Forum.
Martial is an advocate for the dissemination of the “10 Principles of the Economy of Being.” He presented these principles at the Global Governance Fund, an ECOSOC NGO of the United Nations, as well as at the African Union Commission in Addis Ababa.
He also showcased these principles during Mandela Days, where he took part in a charity event distributing thousands of meals and blankets in Tsakhane.
A happily is married man, and wonderful father to his four lovely children, Martial dreams to see the adoption of a Universal Declaration of the Economy of Being, similar to the Universal Declaration of Human Rights.
For your steadfast commitment to the growth of African economy through down to earth Enterprises, you are our boss of the week. Congratulations sir!
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Boss Of The Week
Dr. Funmi Adewara: A Medical Entrepreneur Like No Other
Published
2 weeks agoon
September 21, 2024By
EricBy Eric Elezuo
“Your dreams must exceed your current capacity to achieve them…you are enough, you can do it,” – Dr. Funmi Adewara
Nigerians in the Diaspora have left nothing to chance in proving that the country is blessed with abundance of talents across diverse fields of human endeavours; entertainment, medicine, sports, academia and a whole lot more.
Among the categories of bring our pride home Nigerians is the beautiful and sophisticated Founder/Chief Executive Officer of Mobihealth International, Dr. Funmi Adewara, who prides herself as an accomplished medical technocrat, physician, entrepreneur, telehealth expert among a host of distinct profitable human engagements. It’s worthy of note that Adewara’s Mobihealth is not a run-off-the-mill health institution; it is a dedicated and specialized arm of medication and medical health delivery. She was once Forbes Woman African Technology and Innovation Award winner.
Young vibrant and highly calculative, Dr. Adewara cuts across as the dual citizen of many ages, juxaposing medical disciplines of diverse times to create an all new medical development, acceptable for all times, and operational in this present dispensation.
A proud graduate of the University of Ibadan, where she studied Medicine, Dr. Adewara was born and brought up in Kaduna State before higher education brought her down to the west. She relocated to the United Kingdom after graduation to further her education at the University of Cambridge, where she earned a Master’s degree in Bioscience Enterprise.
Among a lot of things she is, within a brief spell of time, Dr. Funmi Adewara covets a British-Nigerian status, walks head held high as a Cambridge-trained Bioscience Entrepreneur, and is proud to tell every listening ear of her undeniable status of a globally recognized telehealth expert. Hers, in achievements, is not a fluke. She is a hard worker, and it is no accident that she is everything that she is today.
Her exceptional service delivery, inventive abilities, initiatives and dedication to assignments have bestowed on her recognitions and awards from A-list corners.
She is a multi-award-winning entrepreneur, and has an extensive background in medicine, pharmaceuticals, and business development. Her personal profile credited her with over 15 years of experience working within the UK’s National Health Service (NHS) and the pharmaceutical industry as a Drug Safety Physician.
For those, who must have harboured the question, why Mobihealth? It is of paramount importance to note that she was, and is still driven by passion for the transformation of healthcare in underserved communities.
Consequently, Dr. Adewara’s Mobihealth International, a company dedicated to solving critical healthcare challenges in Africa and beyond came to existence. Her leadership has seen Mobihealth develop comprehensive telehealth solutions that address issues like shortages of healthcare professionals, high treatment costs, and long-distance travel for patients.
Having partnered with the high and mighty in global business, she had received grants from nobles including the Bill & Melinda Gates Foundation, on which pedestal Mobihealth’s integrated Telehealth clinics are making strides towards achieving Universal Health Coverage, with a focus on primary healthcare centers (PHCs).
Dr. Adewara’s work has garnered international recognition, earning her numerous awards. She was one of seven global winners of the World Bank SDGs&Her 2020 Awards, selected from over 2,400 entries, and was also a winner of the Sanofi Africa-Tech Challenge in Paris in 2020. Under her visionary leadership, Mobihealth pioneered the first telehealth initiative for the Nigerian Air Force in 2021, marking a historic milestone in Africa.
Dr. Adewara is also a recipient of the African Female Tech Founders Award, which led to her invitation to the Africa-UK Investment Summit by former Prime Minister Boris Johnson in 2020. In 2023, she was named the winner of the Forbes Woman African Technology and Innovation Awards and became a top 50 finalist in Africa’s Business Heroes competition. Her entrepreneurial journey was also celebrated at the NASDAQ Entrepreneurial Milestone Maker Program, where she was showcased at New York’s Times Square in 2023.
Dr. Funmi Adewara continues to be a leading voice in telemedicine, advocating technological solutions that improve healthcare access for all.
With her giant strides in the field of medicine, the accomplished CEO of Mobihealth International, has traced her way home to Nigeria, where she advocated the adoption of telemedicine in the Nigerian health sector.
She noted that it could help address 60 per cent of the medical issues facing Nigerians. This was during the two-day 2024 Africa Social Impact Summit held in Lagos, with the theme, ‘Reimagining Progress: A New Blueprint for Sustainable Growth in Africa’, and co-convened by the Sterling One Foundation, and the United Nations Nigeria.
To her, telemedicine offers a transformative solution to Nigeria’s healthcare system in the immediate and long term, and could address 60 per cent of the medical issues facing the citizens, adding that it connects patients in remote areas with medical professionals, providing timely consultations, diagnoses, and treatments without the need for travelling.
She informed that more key benefits of telemedicine adoption in the country abound, and they include increased access to health services, cost-effectiveness, improved health outcomes, enhanced data management, and education, among others.
In her words “With quicker access to medical expertise, patients can receive timely interventions, reduce the risk of complications, and improve overall health outcomes.
“Digital platforms facilitate better tracking and management of patient data, leading to more informed and effective healthcare decisions, adding that knowledge and skills can be facilitated through telehealth to address the skill gap and boost manpower,” she informed.
She is obsessively committed to driving robust telemedicine adoption, especially for primary healthcare, and has not hesitated on seeking collaboration government agencies, healthcare providers, and private sector stakeholders.
Her goals are broad and inordinate, accommodating improvement of access to maternal and child health, reproductive health, health education, as well as reducing hospitalisation by 70 per cent, and making it cost-effective.
It is her diligence and marketing ability of sellable product and services that prompted Afreximbank to sign project preparation facility with Mobihealth to drive digital healthcare solutions across Africa.
The pact is expected to bolster the expansion of Mobihealth’s telemedicine services in Nigeria, and also assess the feasibility of establishing similar services in Egypt, Ghana, Kenya and Cote d’ Ivoire.
Under the terms of the agreement, Afreximbank will part-finance project preparatory activities that will leverage MobiHealth’s successfully integrated telemedicine proprietary platform, initially piloted in Nigeria, to the four additional countries. This initiative is expected to rapidly lead to the establishment of a network of telemedicine clinics across Africa, fully equipped with out-patient facilities. The project preparation facility of up to US$ 1.5 million is expected to advance the Project to bankability, whereupon this is expected to unlock further investments estimated at US$ 65 million.
It takes only an entrepreneur that knows her onions to land such magnificent advantages. It is very clear that she is practically existing to affect lives, irrespective of whose.
She noted that “The signing of this facility agreement marks yet another significant milestone in MobiHealth’s quest to proffer digital healthcare solutions across the continent. We are thrilled to have the support of Afreximbank, a pan-African multilateral financial institution with the scale and capacity to enable us to achieve this objective in a timely manner. Their involvement is a strong validation for our business model and I would like to laud Afreximbank, AIF and USTDA for their visionary leadership and steadfast commitment to support the provision of quality healthcare to African citizens.”
She has also partnered with the Federal Capital Territory Administration (FCTA) to expand access to quality healthcare, improved health facilities and to bring medical expertise closer to the people.
The entrepreneur is well traveled, and had interfaced with notable World Leaders in politics and business among others. Some of them are Dr Akinwumi Adesina
President, African Development Bank (AfDB); Kenyan President, H.E William Ruto, at the US Africa Business Forum, Washington DC 2023; H.E Wemkele Mene, Secretary General, African Continental Free Trade Area Secretariat, in addition to numerous congratulatory messages from notable World personalities and bodies including former Nigerian President, Muhammadu Buhari and Forbes.
ABOUT MOBIHEALTH
Mobihealth is a Nigerian subsidiary of Mobihealth International Ltd., a UK-domiciled telehealth provider. Mobihealth was founded by Dr. Funmi Adewara in 2017 and publicly rolled out its service offerings in 2020.
In late 2020, Dr. Adewara was recognized by the World Bank for her work with Mobihealth and the development of its digital healthcare platform with the “Her World Bank SDGs&Her (Sustainable Development Goals) Award 2020.” The award was a part of a virtual award event carried out by the World Bank, in partnership with UNDP, UN Women, and the Wharton School Zicklin Center that recognizes women entrepreneurs. From 2020 to 2021, Mobihealth’s subscriber base in Nigeria grew from less than 4,000 to more than 34,000, and revenue increased from $83,500 to $814,400.
Adewara is a distinguished family woman, and has been prolific and combining the home front with entrepreneurship, and by dint of hard work and divine assessment, none has suffered neglect.
This is saying a hearty congratulations to greatness; congratulations Dr. Funmi Adewara for being a medical entrepreneur like no other.
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Boss Of The Week
The Consummate Entrepreneur, Kola Adesina
Published
4 weeks 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.
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