Boss Of The Week

Dr Stephen Akintayo: Leading Gtext Homes to Strategic Marketing Advantage

Published

1 month ago

March 17, 2024

Eric

By Eric Elezuo and Omotayo Omidiji

There are very few Nigerian billionaires, who have remained accessible, display humility among humanity while engaging ferociously with the legitimate business of creating and recreating wealth, making live liveable for the citizenry and giving the government of the day the leeway to provide adequate democratic dividend for all and sundry. Prominent among them is the multi-faceted, multi-talented, resilient and ebullient entrepreneur par excellence, Dr. Stephen Akintayo, the Chairman/Chief Executive Officer, Gtext Homes, and its many affiliates, the Stephen Akintayo Consulting among very many others.

In this brief chat, the soft spoken go-getter, who practically rose from the proverbial grass to grace, tells the story of determination, resilience and focus. His life trajectory culminates in why everyone is a candidate of success, irrespective of the background. He tells how he doggedly built his empire via strategic marketing advantages, and rising to the status of king of real estate.

Excerpts:

HOW DID YOU COME ABOUT THE RELATIVE HUMILITY YOU ARE TODAY ASSOCIATED WITH?

Well, I think it is relative as you said. I am not sure everyone believes I’m humble, and the reason is that, I am a very straight shooter. When issues come, I confront them headlong. In my office, you will hear people say do not go and report people to oga because if you go, he will bring both the person that said something and the accused and you will confront each other. And because of that, some people have the perception that I am a straight shooter. For me generally, I have been through a lot in life, capable of making anyone humble normally. I grew up in the northern part of Nigeria, and at some time, in the village, where there was no running water, and no electricity. I had to fight for everything in life.

It’s humbling however, to note that I started my business with one thousand naira, and for us to be in the four continents of the world, I had to keep proving myself. Sometimes, I get into rooms, and overhear people saying I’m fronting for someone. They are like how come he had achieved so much at such a young age. Some even make bold to say…maybe he is doing hard drugs. I just laugh, and keep proving myself.

IN YOUR LIFE TRAJECTORY, DID YOU BY ANY MEANS MAP OUT YOUR STAGES BECAUSE EVERYTHING ABOUT YOU SEEMS TO BE FOLLOWING A WELL PLANNED SEQUENCE

At the age of 17/18, I read the books that changed my life. I read Rich Dad, Poor Dad, Think and Grow Rich and others. The books woke me up to know that it is not degrees that is going to make me rich. It made me know that degree is just about going to school and being enlightened. If I want to be rich, I needed to do a trade. Having gone through that book at the age of 18, I started my first business as a very shy person, and my first business was multilevel marketing of food supplement by GNLD. It was difficult to market a drug, as I couldn’t look a potential customer in the face, but the book I read said if I could do this, I would become rich. So I had to.

I started business by selling e-books from day one in the university. I was just sold to doing business; hawked electronics and all stuffs. I failed many times doing business but I kept at it because I had no choice, and because we were not rich and money was always an issue, so I just had to keep at it and that was it for me.

SO YOUR TARGET WAS JUST TO BE RICH?

My target was to be financially free. I hated poverty. My mother was always borrowing money to pay my school fees from our neighbours, who incidentally were her juniors, but she had five children and my dad wasn’t financially stable to support her. They will then look at her with disdain and still not give her the money, saying our children too have not seen help. I just hated it. I hated that we were poor. I did not see a toilet we could flush until I was 13 when we moved to a new house, a government quarter because my mum worked with PHCN. It was just marvelous that we could sit, defecate, and flush a WC. At that teen age that I read that book, I just started planning that this is what I needed to do, and I remember as a student, I had a picture Ark. I had a list of companies I was going to own from media to real estate to production companies. Now, I am beginning to tick them out.

AT WHAT TIME IN YOUR LIFE COULD YOU DESCRIBE AS YOUR TURNING POINT?

A lot of people ask me this question often times, and my answer is always that there wasn’t really a major turning point except for 2015. The business that eventually became a mainstay for me was the bulk SMS company. We tried to convince companies that we could market their products by sending SMS. We had email and phone number database where we could help them send SMS to a large number of people. But at some point, I became indebted without even borrowing money. This was because I was representing a university in Hungary then. Along the line, we did a transaction, which the university later cancelled despite receiving processing fees from some applicants. They insisted I must refund their money, to the extent the matter was settled at the police station. The Police advised I should sign a post dated cheque for the refund to avoid embarrassment. This was in 2012. That is why when people ask why am I this bold, I tell them, I have been through a lot.

I came out of that experience, and restrategised, and within a twinkle of an eye, companies like Chivita, PZ, Unilever, Indomie became our clients, and by 2015 election, we were handling Ex-President Goodluck Jonathan’s SMS Campaign nationwide, Buhari’s e-mail Campaign nationwide. I was even picked up by the DSS in the cause of the job. I have been through a lot.

WHY WERE YOU PICKED UP BY DSS?

I was never told other that it was order from above. I told them I was the one handling the president’s SMS campaign but they did not bother a bit. So I followed them to their office until my lawyer, Dr. Ope Banwo, arrive to help secure my release. I also did an article that went viral titled, “How Jonathan sent DSS to arrest me.” In 48 hours, we had over 5million hits worldwide, infact some opposition thought I was part of why Jonathan lost. All in all, that 2015, was our breakthrough year because everybody was our customer. We had a single transaction worth 30million and I think at the end of the year, we made over 200million naira. And that was the year I also know the next thing to do?

It was in October of that 2015 that we went into Real Estate. We couldn’t just continue to rely on the Tech thing, which is always through third party platforms. But now, we are using all platforms for our social media clouts, and digital marketing. We train companies on how to use social media. I wanted to build something that is standing on something solid, and that was why we delved into Real Estate.

WHAT WAS THE FEELING LIKE WHEN YOU MADE YOUR FIRST MILLION?

It was actually the first 30 million, and it was exciting. I paid off a lot of debts. I remember I had to lodge in Protea Hotel, the one in Alausa for that night. And incidentally, that day was my birthday, I laid on my bed and just said thank you Jesus. So I started calling my debtors, I paid all of them and this excites me that I could pay back, because these were people that insulted me then.

I grew up with only values, no money. We were poor but we were taught key values, key moral. My mum and dad were not rich but they were people of sound values. I was so happy to pay back. Infact I need them to know that I have integrity. Those experiences made me know Nigerians are bullies by culture and character and you need a bigger bully to deal with them.

This is why businesses are dying in Nigeria, Once you are still small, everybody wants to cheat you. I was happy to pay; to pay my landlady after owing for like over a year. I earned who I am today, at least with God’s grace and mercy. I worked hard for what I own, and what I represent today. I worked hard every single minute of my life.

WHAT WAS IT LIKE DELVING INTO REAL ESTATE, GTEXT AND OTHER BUSINESSES, AND HOW ARE THEY THRIVING NOW?

For me it was a case of asking yourself what’s next because my dad, based on his own level became successful as a young man at age 20 as a construction contractor. He had a breakthrough in the Northern part of Nigeria but he is from Ogun State. In no time, before I was even born, the business collapsed as the northerners started doing their own construction. So I grew up meeting a father who practically had no job, and became a prophet. So growing up, I made up my mind that I will not build my business on government contracts, and that is why it is easy to be upfront. I did not collect any contract from the government even real estate. I buy from families. My dad’s story taught me to innovate and evolve, and that was how real estate came in. I needed to have a back up; something solid on ground. I needed something physical so that when people talk, they will know we are doing a real business not audio real estate business. We needed something that is physical and not social media. I needed to document my journey.

AT THIS AGE AND LEVEL OF YOUR ACHIEVEMENT, CAN YOU SAY YOUR ARE FULFILLED?

I can not say I am fulfilled. You know I told you I have this ark, and I have only touched 10 percent of it. My advice to people that are worried about me is that they should not worry, I have not started, you will have to ask questions for a long time. We have a long plan, and it is a global empire that we are building and as the Lord keeps us alive, we would redefine what it means to be wealthy in Africa.

WHAT IS THE NEXT ITEMIZED STEP IN THIS GREAT ARK OF YOURS?

Media and movies. We are hoping to achieve them this year. We are looking forward to getting a radio licence, buy an existing radio station, and a production company. We are into Netflix, Amazon and Prime. We have two movies we are working on, and one is actually about my mum.

You know, as you start building an empire, cost of marketing and PR becomes heavy so it is wisdom to own your own media to make it cheaper, and for collaborations.

Also, we are building up to four hundred houses on credit union, to help our balance sheet, and it is a 150 million dollar project in Texas. And we are looking at introducing Credit Union too in Nigeria to make mortgage easy for people who want to buy properties.

ON A SCALE OF 10, HOW FAR HAVE YOU GONE ON THE AFOREMENTIONED PROJECTS?

For us, vision is key, and it is a process. By August, we would do ground breaking and begin proper construction. It is seven to ten years plan so we are hoping that phase one will be done in two years, that is fifty unit housing which is residential. It will be the largest in the US. We would use solar, wind energy and it is going to be smart housing so we go commercial from the seventh to tenth year, and will be putting a golf range, acquarium, shopping mall and a couple of other commercial facilities.

YOU WERE RECENTLY RECOGNISED BY FORBES, TELL US ABOUT IT

We got Forbes Best of Africa and Real Rstate Mogul award. It is probably the biggest award I have received so far; it was humbling, and I am probably the youngest recipient ever. In fact, recently, Forbes African team were in my office in Ikoyi to talk about possible areas of collaboration. They recognised us on two levels; one is on investment coaching because they have seen how I have written over forty books and a good number of them is about teaching and mentorship. This is what it is; it is not really about building businesses because we know about how entrepreneurs thrive on other people’s money.

One level is African investment coach and another level is as real estate mogul. For the real estate mogul, there are companies that are way bigger than us and for us, there were a lot of innovation we brought into the real estate space. For example, we started 24/7 operations where customers can call us at 2am and make payment and we attend to them. We pioneered that and it is free. We also partner with DHL, to ensure documents are safely delivered anywhere in the world. So if you buy land from us in Nigeria and you are in Australia, DHL will deliver your document to you in front of your house without any extra cost; those were the innovations. We are also into virtual inspection and virtual allocation. We brought a lot of ideas into the industry, so for us when we grow into a sector, we look at how we can deepen the sector, things that others will copy from us, but we do not mind since we are able to help increase transparency. We were also the first to talk about green and smart homes in Nigeria, and at some point, we had to slow down because of dollar issue.

Now what we do about our estate; we just model and house our staff. For some reasons, we have moved to Dubai and now we have over hundred housing units there just to be sure that our investors were getting good Return On Investment, but I must say, we had our hands burnt, I lost over a million dollars in Dubai.

In business, you don’t give up, you learn from the mistakes and challenges, and move on. The problem most enterpreneurs have is their inability to learn from elders. Personally, I enjoy the counsel of elders. They will help you shape some perspectives of your businesses. Many think I am a one man business, but they don’t know the many people behind me, who can vouch for me. I run my business in a very transparent way so integrity is key for me.

YOU STUDIED MICROBIOLOGY; HOW COME NONE OF YOUR BUSINESSES ARE RELATED TO IT?

I always encourage young people who follow your platform. I had this brother who has a university degree. By the time I visited him, he was living in one room with eight of his siblings. He said egbon things are difficult, I remember going back to school that day and I kept saying to myself I will never end up like that man. I will not only focus on the course I am studying, but I will try many things, and whatever will bring me out of poverty, I will embrace. You know many of us studied courses based on what was given to us. While at school, I wasn’t even the best student. It is interesting to note that the best student then once begged me for job after graduation. I just told her I can support her but I won’t give her job for obvious reasons.

When I left school, I tried printing hundreds of CVs in a bid to secure a circular job, but all to no avail. One of my potential employer even advised me to go and continue with my popcorn business, that one day something great will come out of it. I did bulk SMS, I posted it on walls, at every bus stop from Sango-Ota to Ikeja-Along, that was the only thing I could do. I would go to school, beg them to subscribe to my bulk SMS business, that was the only thing I had, and my mother had died of Ovarian cancer then, and she was our breadwinner. I was chased out of my friend’s house where I was squatting, and I had to go back to the only house my mum built at Sango-Ota.

We hardly eat, but at least we had a roof over our heads, and that explains why real estate is important to me. I have been through a lot in my life but one of my biggest regret is my mum not being alive today. She died because we had no money to take her to a private hospital. By the time she was taken to a private hospital with help of colleagues, it was too late. She died two days after she was operated upon. The disease had already spread. For that, I don’t joke with people’s health, and my employees can attest to that. I lost my mum because I had no money. She couldn’t even live to witness my graduation.

So, that is why I have serious dislike for poverty, and also why I am writing books to teach people. I am sent to my generation and I want them to know how to make it and that is why I am writing books. I am open to writing a book with Dangote so that he can at least teach us, share his story of how he started, built his career so that young people can follow. The youth just want the elders to show us the way, to let us know they also passed through the same phase so when I am going through my own, I can understand that it’s a phase that will pass. Look at what Tony Elumelu is doing through his foundation. We also have foundation through which we give out grants. We also support widows and pay many children’s fees.

WE ALSO KNOW YOU ARE A PASTOR, TELL US ABOUT IT?

I started pastoring as a teacher in my secondary school. I went to a Christian primary school. My fellowship in secondary school and university took me as their pastor. I also pastored Winners Chapel Campus Fellowship then in few years I became ordained in my church but after a while, I pulled out of pastoring and the reason is obvious. I realised that it became a tool for blackmail. I am a businessman and that’s why I do not use the pastor title. The title I use is doctor because I have been given honourary doctorate degree and I have decided to stick to that.

PEOPLE ATTACH YOU TO WINNERS CHAPEL, WERE YOU ORDAINED THERE?

Yes, but I am no longer part of the pastoral thing, but I’m still a faithful and loyal member. For me, I do business with you because I am a businessman not church member or because I am a Christian. My advice is do not use sentiment, do not get carried away by religion, investigate whomever you want to do business with, do business because you are convinced they have something of value to offer you. Always remember we have a bullying culture.

I believe strongly in giving; my life has changed because of giving, and I am very much committed to that, but sometimes it is good to separate some things from some things; business is business, church is church, ministry is ministry, and I am not involved in any administrative thing in church. I used to be involved in church adminstration, but I pulled out because I started travelling, I got so many responsibilities. So, if you hear people call me pastor, know they are members from time past. They still call me pastor privately, it is between us, not everybody.

IN A NUTSHELL, CAN YOU CONFIRM THAT YOU ARE A MAN WHO BECAME RICH BY BOOKS?

By books, yes, fear of God, and integrity. Like I said, people cannot start trusting you with millions of dollars if you have not shown some level of integrity, I think that is important and I want to encourage the young people that business do not always go right, but do your best to show integrity. I have a consulting programme where I charge twenty thousand dollars but it is for business owners whose business is bringing over a million dollars and they are trying to take the business international, they want certain structure. What I make from coaching is more than enough. I still loan my company till today, a lot of people do not know that there are some rich people in this country, I manage personally their social media page and there are things behind the scene that some people do not know. Some people think my only company is real estate; business is business, but what has helped me more is integrity and transparency.

I am a Havard trained real estate investor. I also have the fear of God and mentorship. I also have enjoyed counsel and support from people who study me. We started real estate in Nigeria then moved to Dubai where some average property is almost five hundred thousand dollars and in one year, we became the largest black home brokerage by volume of what we were doing. And this is owned by a black man. We are in the U.K and US as well. We have housing units in Alabama, and everybody plays by the rules including family members.

WHAT CLOTH DO YOU FEEL COMFORTABLE IN?

I love Agbada, I used to be a suit guy but as I start doing things internationally and I saw the reputation of Nigerians internationally, I had two options: either I pretend not to be a Nigerian or I wear it as a badge of honour. It is when they see that integrity you bring to play that you can start changing that perspective and perception because many of what is going on is the perception internally, we don’t trust ourselves.

AND YOUR BEST FOOD?

It used to be fura when I was in the north, in the south it is Amala and Abula, gbegiri and ewedu together. I am an African man.

I have been to about hundred cities in the world

AND WHICH OF THE CITIES IS MOST EXCITING?

Manhattan, New York. This is because of my love for real estate. Whenever I’m in Manhattan, I always insist on high floors, from where I can have an overview of the city. For me, it is a way of meditation, love and attraction. I will be looking at those buildings and say to myself, one day I will build one.

DO YOU FOLLOW SPORT, WHICH OF THE TEAMS DO YOU SUPPORT?

I used to follow Chelsea but I changed to Liverpool.

HOW LONG HAVE YOU BEEN MARRIED?

Twelve years, I got married at twenty six.

DIDN’T YOU THINK EARLY MARRIAGE WAS GOING TO AFFECT YOUR BUSINESS?

No, my wife and I have been in business together since our campus days. We met on campus during the days of bulk SMS. She understood my dreams and my aspirations very well. Now we travel a lot with the kids. We spent Christmas partly in London, the U.S. and Dubai. I just move around with them.

ARE YOU IN COMPETITION WITH ANYONE, ESPECIALLY IN REAL ESTATE

No…but it’s rather unfortunate that you are not in competition with anybody but people are in competition with you. I wish everybody well, and for young people, I now run a CEO retreat, where i train real estate developers. If you sit somewhere and envy me, that is your business; there is nothing I can do about it, but I have learnt that it is a sign of growth. For me, where I am going is more important.

WITH YOUR EXPERIENCE, AND THE WEALTH YOU HAVE ACQUIRED, WILL YOU DESIRE POLITICAL LEADERSHIP IN THE FUTURE?

As at today, No. But the truth remains that I am politically aware, and I understand political strategies. I can sit you down and tell you how you can make your move, and remember I am a trained digital marketing guy, I understand all those things but if I want to do politics, what am I going into politics for? I am a young man, I have connections, contacts but must I go into politics to have power? No.

I advise young people who rush into politics to build a name, if you do something solid the politicians will beg you because they know you have the solution, the capacity, and the answers. For me, I am very well positioned globally, growing my business is very important to me, supporting people in government across the world. We want to start partnering with people in government but we want to make sure our record is clean, our stories are clear because if you do not tell your stories, others will tell their own and their own will become the truth so we need to tell our own.

I have no political agenda, I have friends in all parties and I will continue to have friends in all parties but no plan to join politics. However, no one knows tomorrow, and can’t tell what the people can demand tomorrow. But as at today, that is not a headache I can afford to carry.

THANK YOU FOR YOUR TIME SIR

Boss Of The Week

Done and Dusted: Adesola Adeduntan’s Eight Years of Stardom at FirstBank

Published

7 days ago

April 20, 2024

Eric

By Eric Elezuo

Like a bolt out of the blues, the news of the resignation of the Managing Director and Chief Executive Officer of First Bank of Nigeria Limited, Adesola Adeduntan, hit the media space on Saturday, April 20, 2024.

The shocking announcement took the financial world by storm, and creatwd diverse questions in the mouth of observers and stakeholders, especially as the Veterinary Medicine graduate-turned-financial guru still has about months before the expiration of his three terms tenure. He was due to retire in December 2024.

“I have however decided to proceed on retirement with effect from 20 April 2024 to pursue other interests,” he said in his resignation letter that has become a topical issue.

But of more importance is that Sola, as he is fondly called, who took over from Bisi Onasanya in January 2016, has held sway as FirstBank’s top shot for eight years and four months, and has verifiable achievements to show for his years of stewardship, which has catapulted him to stardom today.

For a start, only a few persons would believe that the indefatigable financial expert, Adesola Kazeem Adeduntan is just 54 years old. He will be 55 on May 7, 2024. This is as a result of the achievements that have trailed his young life. Adeduntan has bagged an international award as Distinguished Alumnus of the Year by his Alma mater, Cranfield School of Management, United Kingdom. And this was at the time FirstBank was named biggest mover of 2019 according to KPMG Report. It is not incorrect to say that Adeduntan’s tenure at FirstBank was dedicated to creative achievement.

As the first quarter of 2020 was winding down, he was a guest lecturer at the Edinburgh School of Business where he spoke authoritatively on financial institutions’ role as drivers of financial inclusion.

On September 11, 2020, Adeduntan, added additional feather to his cap when he was bestowed with the Forbes Best of Africa award by Forbes Africa in conjunction with Foreign Investment Network (FIN) for his contributions to the financial services sector in the country and the African continent. He wasn’t a stranger to awards.

An all rounder, he practically conquered every endeavour he found himself in, leading the FirstBank group to a height only imaginable as the bank recently marks 130 years of uninterrupted banking. It would not be forgotten in a hurry that a media intelligence report presented by P+ Measurement Services, placed Adeduntan atop the list of most prominent and reputable Nigerian banking CEOs in Q2 2020.

THE MAN, ADESOLA ADEDUNTAN

Born Adesola Kazeem Adeduntan on May 7, 1969, in Ibadan, Oyo State, the banker started his early education at Ibadan Municipal Government Primary School (IMG), Adeoyo between 1975 and 1981, for his primary education before proceeding to Urban Day Grammar School, Old Ife Road, Ibadan, where he had his secondary schooling. His excellent to duties created a space for him to become the Deputy Senior Prefect in his final year in 1986.

In the same year, he was admitted to the University of Ibadan in to study Veterinary Medicine, and qualified in 1992 as a Veterinary Surgeon, a profession he hardly practiced before switching over to financial management.

Consequently, in 1994 he joined Afribank (Nig) Plc., and was posted to the Ibadan Main Branch as a graduate trainee. He spent 18 months there learning the ropes, and working in various areas of banking operations including cash management, clearing, credit risk management, and foreign operations.

Between September 1995 and May 2002, Adeduntan worked with Arthur Andersen Nigeria, rising to become manager in the firm’s financial services industry business, leveraging on the 18 months mentorship he received at Afribank. In this role, he led and managed the statutory audit of a number of leading Nigerian banks.

In August 2000, he served as an instructor at the Andersen World-Wide Induction training for new hires in Eindhoven, the Netherlands. He also served as the lead instructor for the Local Office Basic Accounting Training and Induction course in 1999. It was while he was with Arthur Andersen that qualified as a chartered accountant in 2000.

With more feathers to his cap, Adeduntan moved to the financial services industry in KPMG as a senior manager in June 2002, and served diligently till October 2004 when he bowed out. At KPMG, he co-pioneered the firms’ financial risk management advisory services. He was also a KPMG-accredited Trainer and facilitated several internal training programmes.

When he left KPMG in 2004 to study, he pursued a Master’s degree in Business Administration at the Cranfield School of Management, where he was a British Chevening Scholar. He graduated in September 2005.

Armed with yet another great feather, Adeduntan moved to Citibank Nigeria Limited in 2005 where he became the Senior Vice-President (General Manager) and Chief Financial Officer. He was saddled with the responsibility of overseeing the bank’s financial and product control functions, quality assurance and operational risk management. He was on hand to assist the bank in its recapitalisation during the banking consolidation era.

In October 2007, he called it quits with Citibank, and a month later, pitched tent with the Africa Finance Corporation, as the pioneer Chief Financial Officer and Business Manager.

His achievement at the AFC includes leading the team that secured an A3/P2 investment grade international credit rating from Moody’s Investors Service in March 2014. This made the Africa Finance Corporation the second highest-rated lending financial institution in Africa.

In July 2014, he was appointed an Executive Director/Group Chief Financial Officer of FirstBank, where he was responsible for the bank’s financial control, internal control and enhancement, business performance management, treasury and procurement functions.

On Monday January 4, 2016, Adeduntan succeeded Bisi Onasanya, and assumed duty as Managing Director of FirstBank of Nigeria Limited, and its commercial banking subsidiaries including FBN UK, FBN Ghana, FBN DRC, FBN Guinea, FBN Gambia, FBN Mortgages, FBN Senegal, FBN Sierra Leone and First Pension Custodian Limited.

He coordinated his functions so professionally that on December 7, 2016, he was awarded the 2016 Banker of The Year award by the Leadership Newspaper “For refusing to ‘go with the flow’ even when the temptation was high and the reward substantial, and for reminding his colleagues that banking is nothing without integrity”.

A man of many beneficial and influential parts, Adeduntan has hitherto sat on the board of the Nigerian Economic Summit Group, and as a non-executive director on the boards of the Nigeria Interbank Settlement System (NIBSS), Africa Finance Corporation (AFC), FBN Bank U.K. Ltd., Universal Payments Plc, and FMDQ OTC Securities Exchange. He is also a Fellow of the Institute of Chartered Accountants of Nigeria.

In his eight years stewardship at the helm of affairs at FirstBank, Adeduntan has turned the tables and rewrote banking narratives, delving into all aspects of human endeavour to see to the development of SMEs, youth entrepreneuship among many others.

His speech at the kick off of FirstBank’s celebration of 125 years of unbroken business operations, has remained evergreen, and stood the test of time as the prototype to FirstBank’s success recipe.

Adeduntan hinted as follows: “From that very modest beginning in 1894, First Bank has traversed an incredible journey of delivering impeccable financial services to its customers and supporting the building of the modern-day Nigeria and indeed, West Africa, including our early pivotal role as the monetary and fiscal policy regulator for the entire West African region,” he said.

“As a long-standing institution, which even predates Nigeria as a unified entity, FirstBank is entrenched in the nation’s development; woven into the very fabric of society, with our involvement in every stage of national growth and development.

“At the amalgamation, independence and through the seasons ever after, we have been here marching hand-in-hand with you and our dear nation. We have enabled financial, technological, industrial and societal advancements, achieving very many firsts over time.”

Overall, Adeduntan has seen to the sponsorship of prolific enterprises to guide the youths on the right path. These include the African Fashion Week which took place at the Oriental Hotel and Youth Empowerment Seminar at the Harbour Point Event Centre. These shows among a whole lot of others in his eight years of prolific endeavors, have a lot of testimonials following.

Adesola is married to Mrs. Adenike Adeduntan and together they have three wonderful children.

Sir, we wish you a prolific retirement from FirstBank, and a more glorious openings for more of your intelligence and expertise to be tapped.

Boss Of The Week

Aliko Dangote: A Distinguished Son of Africa Revels at 67

Published

2 weeks ago

April 14, 2024

Eric

By Eric Elezuo

Accolades from personalities across the nation, including from President Bola Tinubu, continued to surge towards the President, Dangote Group, Alhaji Aliko Dangote, as he hit another glorious age, celebrating 67 in grand style.

Tinubu, who was one of the early on the sustaining richest man in Africa, referenced the many industrial feats of the business colossus, describing him as one of Africa’s business lodestars.

The billionaire businessman has consistently proved that his entrepreneurial skills are not just geared towards uplifting him as a person, but to creating an enabling environment for the Nigeria youth and child to grow and develop in an environment he can proudly co-own. His vision, no doubt, is practically for the greater good of the world in general, and Nigeria in particular.

For so many blessed reasons and very many more, Dangote was recently named, and for the second consecutive year, the Africa’s foremost entrepreneur and humanist, and was honoured with a Lifetime Achievement Award.

The billionaire industrialist was accorded special recognition by the Organised Private Sector (OPS) employers in the country under the aegis of Nigeria Employers’ Consultative Association (NECA). That was just a tip of the iceberg in consideration to the avalanche of efforts he has put into business, and the lives touched so far.

Born in Kano in 1957, Dangote proudly shuttles between three wonderful tags as the richest man in Nigeria; the richest man in Africa and the richest Black man in the world. He has paid his dues, and mankind is the better for it.

Releasing impacts, Aliko Dangote Foundation (ADF), the private charitable foundation of Alhaji Aliko Dangote. Incorporated in 1994, as Dangote Foundation, is saddled with the mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities. 20 years later, the Foundation has become the largest private Foundation in sub-Saharan Africa, with the largest endowment by a single African donor.

The primary focus of ADF is child nutrition, with wraparound interventions centered on health, education and empowerment, and disaster relief. The Foundation also supports stand-alone projects with the potential for significant social impact.

The Foundation works with state and national governments and many highly reputable international and domestic charities, non-governmental organizations and international agencies to advance its humanitarian agenda.

In one of its biggest collaboration to date, Aliko Dangote Foundation started working in partnership with the Bill and Melinda Gates Foundation and key northern State Governments in Nigeria from 2013 to eradicate polio and strengthen routine immunization in Nigeria.

Worthy of praise is the fact that nearly a decade, the Foundation has spent over N7 Billion in the course of feeding, clothing and the general welfare of the Internally Displaced Persons in the Northeast.

To make his host communities feel at ease, and the impact of his presence, Dangote has embarked on an initiative to provide further support to improving educational systems in Ibeju-Lekki and Epe locality. The educational support initiative is a tripartite programme consisting of scholarship, capacity building for teachers and school infrastructure projects.

In addition, Scholarships have been awarded to 52 secondary school students whilst some financial support was provided to their parents and/or guardians. Tertiary students will be included in the next batch of the scheme.

Furthermore, about 100 teachers, principals and school administrators were trained in teaching techniques for the 21st century. After which they were monitored in class on how they were using the skills acquired.

There is hardly any sector that has not felt the milk of human kindness running through Aliko Dangote; the military, media, politicians, governments across boards and more.

Dangote is surely an asset to this world!

As at today, there is no space for slowing down for Dangote as he continues to trudge on, creating firsts after first for himself and for humanity.

He is blessed with three wonderful daughters, who have followed the rewarding footprints of entrepreneurship.

Congratulates the African giant, and may you enjoy many more laurels as your footprints remain indelible in the sands of time, and continue to dominate the pages of history books.

Boss Of The Week

High Chief Tom Ikimi: Celebrating an Enigma at 80

Published

2 weeks ago

April 14, 2024

Eric

By Eric Elezuo

The city of Benin, the capital of Edo State, was on a stand still on Wednesday, April 10, 2024, when a prolific son of the land, celebrated a landmark 80 years.

With notable personalities from across the length and breadth of the country present, the city assumed the enviable status of cynasure of all eyes, feeding all and sundry with the best of organisation, standard and cultural display.

The event kickstarted at St Paul’s Catholic Church, along the Airport Road, in the heart of Benin City, where the who’s who in politics and otherwise gathered to thank God for 80 years of life well lived.

Making a most glorious entry, the celebrant, who could not hide his joy by the way he beamed smiling greetings at the guests, and dressed in a flowing white attire, complemented with exquisite royal beads of diverse colours, also received warm greetings before settling down majestically in the front row of the church amid a melodic play of solemn hymn.

In his brief sermon, the Archbishop of the Abuja Catholic Archdiocese, Cardinal John Onaiyekan, who presided over the thanksgiving service, and was assisted by other bishops, hailed the resilience of the celebrant and how his knowledge and experience has benefitted the country during his hay days.

While also delivering a message, titled ‘What a Life’, the Archbishop Emeritus of the Catholic Archdiocese of Ibadan, Felix Job, acknowledged that High Chief Ikimi has been up and doing.

The celebration took a different turn right after the church Thanksgiving giving as all roads led to the reception venue, where a medley of performances and presentations we’re displayed.

Speaking as the chief host, Governor Obaseki congratulated the celebrant, expressing his heartfelt joy on behalf of the people and government of the state, and describing Ikimi’s efforts as an enduring legacy.

Among the classy dignitaries whose presence added distinguished colour to the occasion were Governor of Edo State, Mr. Godwin Obaseki, who practically played the part of the chief host; the 2023 presidential candidate of the Labour Party, and former governor of Anambra State, Mr. Peter Obi; the Esama of Benin Kingdom; Chief Gabriel Igbinedion; and a former governor of Edo State, Lucky Igbinedion.

THE MAN, HIGH CHIEF TOM IKIMI

The man, who posterity will remember for his roles as the pioneer chairman of one Nigeria’s most popular party in the 3rd Republic, the National Republican Convention (NRC) as well as a former Foreign Affairs Minister, Chief Tom Ikimi, was born on April, 10 1944, in Kumba-Southern, British Cameroons (modern-day Cameroon) to John Onile Ikimi and Victoria Isiemoa Ikimi, both from Igueben (Igueben Local Government Area- Edo State).

Tom Ikimi started his early education at St. Joseph’s College, Sasse-Buea, Southern Cameroons in 1957, and left in 1961. He was a pioneer student of the Midwestern Polytechnic, Auchi, Midwestern Nigeria, (now Auchi Polytechnic, Edo State) for his technical education from January 1966 to December 1967, and studied Building and Civil Engineering before obtaining Ordinary National Diploma. He was also a pioneer member of the Students Union, and a keen sportsman, who contributed to the establishment of the College Athletics Club.

After his stint at the Poly, he pursued after more of his professional education, and studied Architecture at the Ahmadu Bello University, Architectural School, Zaria from 1968 – 1973, and obtained the B. Arch (Hons) degree.

While in school, he participated in students unionism, and was a member of the student union and National Union of Nigerian Students (NUNS). He is known for moving the motion in late 1970 at the NUNS convention in Zaria to readmit the Eastern Unions back into the NUNS at the end of the civil war.

Among his many pioneering endeavors, Ikimi was also a pioneer member of the National Youth Service Corps Programme serving in Ibadan, during the 1973-74 session.

He has also served in a good number of reputable organizations including as Architect in the firm of planning partnership later IBRU Vaughan Richards & Partners, Lagos from 1974-1977, and was made Associate partner in 1975.

He established his own firm, Tom Ikimi Design Company in May 1977 and executed a number of private and commercial projects within and outside Nigeria (1977 – 1993). He later won the international competition for the new OAU office and conference Centre project, Addis Ababa Ethiopia. He is a fellow of the Nigerian Institute of Architects (FNIA) and has business interests in construction, trade and farming.

HIS MANY PROFESSIONAL ACCOMPLISHMENTS

Member Constituent Assembly – 1988/89, Member Chapter 2 Committee “Fundamental Objectives and Directives Principles of State Policy”. National Chairman- National Republican Convention Party — 1990–1992.

He was the Special Adviser To the Head Of State, Commander-In-Chief, General Sani Abacha in February, 1994 where he prepared the memo for the establishment of the highly successful Petroleum Trust Fund (PTF)

He was appointed Foreign Affairs Minister March 1995

Ikimi led Nigeria’s delegation to the Review/Extension Conference of the Parties to the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) in New York City, delivering the national position address on April 18, 1995. [citation needed]

Additionally, Ikimi headed the delegation to the Ministerial meeting of the Coordinating Bureau of the Non-Aligned Movement (NAM) in Bandung, Indonesia, from April 25 to 27, 1995.

Ikimi represented the Head of State, Commander-in-Chief, at the 40th Anniversary Meeting of the Movement of Non-Aligned countries in Bandung, Indonesia, on April 28, 1995.

Furthermore, Ikimi led the delegation to the Ministerial meeting of the Coordinating Bureau of the Non-Aligned Movement in Cartagena, Colombia, from May 18 to 20, 1998, delivering Nigeria’s statement on May 19, 1998.

Taking charge of the delegation, Ikimi oversaw Nigeria’s participation in the Special UN Security Council Session for Foreign Ministers in New York City, delivering the country’s statement on September 26, 1995.

Ikimi led the delegation to the 50th Commemorative Session of the United Nations General Assembly (UNGA) from September to December 1995, delivering Nigeria’s statement to the Assembly on October 3, 1995.

Serving as the President of the United Nations Security Council in October 1995, Ikimi hosted Pope John Paul II at the UN 50th Anniversary celebration in the capacity as President of the Security Council.

Ikimi represented the Head of State, Commander-in-Chief, at the summit meeting of the Non-Aligned member countries of the United Nations Security Council in New York City on October 4, 1995.

Continuing leadership, Ikimi headed the delegation to the 51st Session of the United Nations General Assembly (UNGA) from September to December 1996, delivering Nigeria’s statement on October 3, 1996.

Ikimi also represented the Head of State at the 11th Summit of the Non-Aligned countries in Cartagena, Colombia, from October 18 to 20, 1998, delivering Nigeria’s statement on October 18, 1998.

Additionally, Ikimi led the delegation to the 52nd Session of the United Nations General Assembly (UNGA) from September to December 1997, delivering Nigeria’s statement on September 23, 1997.

Led Nigeria’s delegation to the 52nd Session of the United Nations General assembly (UNGA) September – December 1997 and delivered Nigeria’s statement to the Assembly on 23 September 1997.

Chairman of ECOWAS council of ministers and ECOWAS committee of Nine on LiberiaC-9) from 26 July 1996.

Chairman ECOWAS Ministerial Committee of Five on Sierra Leone.

Led Nigeria’s delegation to and chaired the 4th meeting of the ECOWAS Ministerial Committee of four on Sierra Leone (C-4) in New York, 11 July 1997.

Led the delegation of the ECOWAS Ministerial Committee of Five (C-5) to New York and briefed both the Secretary-General and the Security Council under the Arria Formula, on the situation in Sierra Leone, 11 November 1997.

Led Nigeria’s delegation to and chaired the 8th meeting of the ECOWAS Ministerial Committee of Five on Sierra Leone (C-5) in New York, 5–6 February 1998.

Led Nigeria’s delegation to several ECOWAS ministerial meetings and Head of State summits around the sub-Region.

Led the ECOWAS ministerial committee of nine (C-9) to successfully resolve the Liberian crisis.

Supervised under the United Nations, the holding of the first postwar democratic election in Liberia in August 1997 and the establishment of a democratic government headed by Mr Charles G. Taylor.

The violent overthrow of the government of president Ahmad Tejan Kabbah on 25 May 1997 posed a threat not only to the peace and security of Sierra Leone but also the security and stability of the West African Sub-region. As chairman of the committee of four and five on Sierra Leone, he led negotiations and coordinated the delicate operations leading to the successful restoration of the government of President Ahmad Tejan Kabbah on 10 March 1998. He led the ECOWAS Team and was the first to enter Sierra Leone to assess the situation on the ground after the liberation of Freetown from the rebels by ECOMOG Forces 18–19 February 1998 to permit the return of president Ahmad Tejan Kabbah from exile in Conakry.

His tenure as Foreign Minister coincided with the period when the West African sub-region and indeed much of Africa was beset with conflicts, which including civil wars in Angola, Rwanda/Burundi, Zaire (now Democratic Republic of Congo), the Sudan, Liberia, Somalia and Sierra Leone. The central organ of the OAU was established in Cairo in 1994 as a mechanism for resolving these conflicts. In his tenure, Nigeria retained her membership of the central organ in the three successive elections which were conducted annually. Aside from the several meetings of the OAU council of ministers, Ikimi represented Nigerian Head of State at the summit meeting of the Central Organ of the OAU Mechanism for the Prevention, Management and Resolution of Conflicts in Tunis, 20 April 1995. He also Led Nigeria’ delegation to the 31st OAU Assembly of Heads of State and Government at Addis Ababa, Ethiopia – 26–28 June 1995, also in Cameroon, 9–10 July 1996 at the 32 OAU Assembly. Zimbabwe, 1–3 June 1997 and Burkina Faso, 8 June 1998.

Ikimi is happily is married, with three sons and a daughter, and a dutiful member of the Roman Catholic Christian denomination.

The erstwhile political leader has a profile larger than imagined, and is reputed to have served a definite purpose for Africa, Nigeria and humanity in general.

Additional Information from Wikipedia