Boss Of The Week
Prisca Ndu: Celebrating the Amazon of Enterprise at 50
By Eric Elezuo
In just five decades, a woman that can easily be described as valour, has conquered the entrepreneurial stage, drawing accolades of great tidings, victory and transparent effect on humanity. She is known by many appellations, sobriquet and appendages including flower girl, corporate juggernaut, go-getter, among many others. She is Dr. Priscilla Ndu, known and addressed simply as Prisca by friends, associates, colleagues and family members.
Prisca has proved herself an amazon, a stressless survivor in a world full of challenges, where only the fittest are given the opportunity to thrive and hold their heads high. Her features are a combination of positive curiosity, focus, determination, an eye for details, painstaking and never-say-never attitude.
A former Executive Director at the Resolution and Restructuring Company Limited (a subsidiary of the Assets Management Corporation of Nigeria, AMCON), among many other high profile portfolios she had represented at the establishment, Prisca has exhibited distinct characters that have accelerated her excellence irrespective of challenges. She has given nothing to chance to ensure that even in the world assumed to belong to men, she has remained quite visible, and has demonstrated a level of steadfastness and commitment typical of the managerial and entrepreneurial investments she consciously injected into her career and self.
From the early days as a research analyst to becoming a Laboratory analyst at Global Environmental Consultants, Warri and Nigerian Eagle Floor Mills, Ibadan, she has remained diminutive and indefatigable. Today, she is a renowned technocrat and an icon, having traversed and the conquered the competitive waters of banking, advertising, aviation, logistics and more.
Born on April 28, 1974, to a medical and religious practitioner-father, Dr Marcus O. Ndu, who doubles as a humanitarian; and a caterer and businesswoman-mother, Mrs. Veronica Ndu, Prisca came as the fourth child of a family of seven, comprising five beautiful ladies and two handsome gentlemen. It is imperative to note that her brothers were born after her, and this in no small measure affected her tomboyish outlook to life while growing up.
It is also imperative not to undermine the fact she was brought up under strict tutelage, instruction and discipline of the Christianity doctrine, which is the hallmark of her family’s faith.
Highly privileged, Prisca relishes the euphoria of dual origin, having been born in Lagos and being a native of Arochukwu L.G.A, in Abia State, where both her father and mother come from.
“My father was a native of Arochukwu L.G.A of Abia State, same for my mum, who was also a native of Abia State (by her maternal lineage), while her father was a Brazilian National, from Sao Paolo, Brazil, both late now,” she informed.
A very gifted and brilliant child, Prisca completed secondary education at the tender age of 14, having spent only five years in Kindergarten, Nursery and Primary Schools, skipping primaries 2 and 4, in the bargain.
She said: “I had a flawless Junior Secondary School result of Seven A’s and was awarded the Elite scholarship from my community, a feat I repeated in my Senior School Certificate of Education, with Seven As, and an A1 in my favorite subject, Physics.” This is a clear attestation to her great academic prowess right from day one, and an indication of the great woman she was destined to be.
Dr Ndu, over the years, has acquired an intimidating resume, which is a product of her desire to continuously garner knowledge. This quest, without mincing words, took her through some of the best institutions of learning in the world, where her skills and world view were sharpened.
After her secondary education, Prisca attended the foremost University of Ibadan, where she studied Biochemistry at the Faculty of Medicine. She was to proceed afterwards to the Lagos Business School for an Executive MBA honours.
And like a typical tigress hungry for academic and professional honours, Prisca has attended several management programmes, in schools within and outside the shores of Nigeria. Some of such schools are IESE in Barcelona; INSEAD Business School in Abu Dhabi, United Arab Emirate; National University of Singapore Business School, Singapore; IMD, Switzerland, Antai College of Business and Management, Shanghai and Harvard Business School, Boston, USA. She maintains a healthy Alumni relationship with all these institutions of high academic and professional studies.
An egghead of monumental quality, she sits on and atop Boards of several companies including as Executive Chairman and Infrastructural Development, Stratevium Technology Services Limited, and as Vice Chairman, Energy Company Limited. Stratevium is an Information Technology and Education solutions provider, with focus on gamified learning for Junior and Senior Secondary pupils (GIDI Mobile EDU Program) and specific content development for both private and public sector organizations, like Central Bank of Nigeria (capacity development training for beneficiaries of the CBN’s creative industry fund), Pharmaceutical Industry capacity training for beneficiaries of the CBN Intervention Fund, Content and Capacity Development for Bank’s Credit customers (Keystone Bank and Access Bank) etc., and creating products for telecommunication companies like GLO, MTN; to guarantee customer loyalty and brand visibility.
Her presence in the banking world looms large, as she traversed the terrain and rose to become Head, Public Projects at the Bank PHB where she was charged with managing and ensuring adequate financial support for major contractors to the three tiers of government, providing them financial services and working closely with State Treasury Offices and Office of the Accountant General of the Federation.
She is until 2023 the Treasurer of Harvard Business School Association of Nigeria, HBSAN, but still to date the Treasurer and Board member of the Harvard University Alumni Association of Nigeria. In addition, she is the current President of the Lagos Business School Singapore Club, “Social Minister” of the Lagos Business School, Shanghai Club and also the past “Social Minister” of the Lagos Business School EMBA 11 Class.
Prisca is highly active; a metaphor for workaholism.
She is a Fellow of the Institute of Credit Administration, ICA, a Fellow of the Institute of Management Consultants and a certified Management Consultant professional, a lifetime Member of the Institute of Directors, IOD, and a member of the Chartered Institute of Bankers, Nigeria, CIBN.
She is not just in active service, she has garnered a lot of laurels to show for her eye to details attitude, painstaking attribute to delegated descriptions and much more.
Consequently, she has won the “Subarctic Survival Situation Exercise” conducted at the Harvard Business School, beating 135 participants drawn from 47 countries across the globe. She made history as the first African to win the honours, projecting the much advertised Nigerian can-do-spirit.
In recognition of her sacrifices for the betterment of humanity, the United Nations named her as one of the 100 Most Influential People of African Descent, Globally. The award was also in recognition of body’s celebration of people of African Descent below the age of 40 (by January 2015), doing exceptional things to develop Africa.
Much as the ebullient doctor is surrounded with human oriented achievements, she is looking far ahead into the future for mega discoveries to wow human race. She has confided in as many that has paid heed that her plans for the future is hinged on building a world conglomerate, with activities in at least five major sectors of the economy, employing at least 1,000 people across all its subsidiaries, and having intimidating presence in at least five G8 countries.
Not a woman who stumbles on chances, Prisca has a distinct plan to retire to academic world at 65 (exactly 15 years from now), to disseminate all she learnt over the years with a view to impart mankind; the Lagos Business School, where she had been invited severally to participate as an associate lecturer and guest speaker, appears a sure bet as her launching pad. These opportunities, according to her, has shaped who she is today, and sees herself playing a major role in Nigeria’s infrastructure space, as she still looks forward to roles in the public sector. She does not in any way takes them for granted.
A typical Jack of all trades, Prisca has her hand in almost every pie she comes across. These include Aviation, Oil and Gas Services, Advertising, Banking and Financial Services industries, both in the Private and Public sectors.
While at the Asset Management Company of Nigeria (AMCON), where she performed the role of Head Partnerships in AMCON, she singlehandedly put together the Asset Management Partners initiative in 2016, involving over 6,000 accounts, with balances below N100m, which was outsourced to these AMPs, engaged and trained to act in AMCON’s stead, in recovering bad loans and also turning the businesses around where possible.
This was extended in 2017 to cover accounts with balances between N100 million and N1 billion. Given that AMCON is not in perpetuity, it is the hope of the corporation that these AMPs will continue to offer the services AMCON currently does and support the banks in the area of debt restructuring and recovery. Today all of AMCON’s operations is structured around this initiative she put together, even though she is no longer in its employment, but her legacy lives on. She is known to have recorded her most achievements while on this beat.
When you talk about women or entrepreneurs that don’t take no for answer, Dr. Ndu is it. She is a very independent, foresighted, goal-oriented, focused and reputed to never fear any challenge. Above all, she is very adventurous and daring, and that contributed in her ability to discover and open new vistas as well as explore new horizons.
Her towering status over the entrepreneurship world notwithstanding, Prisca is a wonderful family woman, tending with zeal, humanity, gusto and panache to the emotional and physical needs of her home. As a lover of the academia, she has not spared any expense to give her adorable son, Charly, who forms an integral part of her pastime, the best of education. Charly, who wishes to be an Astronaut, has been pursuing a career in Aerospace Engineering, at the EmbryRiddle Aeronautical University, Daytona Beach, Florida, USA.
Addressed variously as Ph.D, DBA, DLM, FIoD, FICA, FIMC, CMC, CCFE, Dr. Ndu sees herself as a social impact advocate and a multi-sector entrepreneur, who has led turn-key economic and social development projects both at Federal and state levels in Nigeria.
Dr Ndu’s social corporate responsibility is as large as her personality. She is actively involved in charity work, empowering the youths and advancing the lot of the nation through the Rock Foundation, powered by the House on the Rock Church, Gemstone Management Development Centre, Lagos, Nigeria, Harvard Business School Association of Nigeria, where she is an active Board member.
A boardroom guru, she also sits on the Board of other companies, including Harvard Business School Alumni Association of Nigeria, as Financial Secretary and Treasurer, Skywise Group as Board Member and Mshel Homes Limited, Abuja, also as a member of its vibrant Board.
At the HBSAN, she is helping to champion the mentorship programme of the association, providing mentorship, guidance and career counseling to members of the Harvard University Alumni body in Nigeria.
“This is a role I also play with the Lagos Business School Alumni Association mentorship program, and a host of others. My passion for social service is seen in the various Board roles I occupy both paid and unpaid,” she concluded.
In her continuous quest to aquirre knowledge, she has recently attended the Guardians of the Nation International (GOTNI), top 50 African CEOs Leadership Roundtable, where she was elected as Vice Chairman of its Governing Council and the Vice Chairman of the Governing Council of the African CEOs Leadership Roundtable, organized by the Guardians of the Nation International, GOTNI Leadership Institute.
She is also an active member of the NESG Finance Committee. She is also a founding board member of the Black History and Lifestyle awards, where she supports the founder and visionary leader, Eziada, Chief, Mrs. Folashade Balogun. BHLA is an initiative set up to recognize Africans globally, doing great things in the continent and abroad, and the next event comes up in Los Angeles, USA, in June 2024.
Prisca is a symbol of that all round and complete woman, whose stock in trade is the best, the best and the best.
Indeed, at 50, Prisca has so much to celebrate, including without equivocation, the exceeding mercies of God.
Congratulations ma!
By Eric Elezuo
Romuald Wadagni is not new to Benin politics, neither is he new to administration, especially in the area of financial reorientation, recovery and development. He has professionally steered the Finance and Economy ministry of his country for 10 uniterrupted years after serving as a finance guru with top finance films including the renowned Deloitte. Wadagni is an enigma, and of course Benin’s choice to be president come April 12.
Below is a text delivered by the frontline presidential candidate for the forthcoming Benin Republic Presidential election, Romuald Wadagni on his stewardship, and the expections for the average Benoise:
Over the past few years, our country has achieved what many thought was impossible. With vision and courage, we have proven that when a people decide to take charge of their own destiny, nothing can stand in their way.
The progress we have made and the efforts contributed by all now give us the means to deploy a new complementary development approach that will eradicate extreme poverty and ensure that prosperity reaches every household. This is the challenge we must take on together.
Tomorrow, every Beninese, every young person, wherever they may be, must be able to find an opportunity within reach. Our ambition involves establishing regional development hubs, giving a more prominent role to the private sector, and fully harnessing technology. The goal is clear: to create wealth for all and improve living conditions across the entire country.
This program is the logical continuation of what we have started, and the beginning of what I propose we accomplish together: to build an even greater Benin—the Benin of our dreams.
Romuald Wadagni
By Eric Elezuo
With over 1000 housing units providing for shelter-seeking Nigerians, in just nine years, the influence and humanity embedded in the organizational structure of Veritasi Homes cannot be overemphasized.
Led by its indefatigable and energetic Chairman, Nola Adetola, Veritasi Homes has proved beyond reasonable doubt that its mission of providing affordable luxurious accommodation has come to stay.
The firm, in conjunction with Cooplag, brought the mandate to the fore one more time on Thursday, when under the watch of Lagos State Governor, Mr. Babajide Sanwo-Olu, and many other distinguished Nigerians including the Chairman of Ovation Media Group, Chief Dele Momodu, conducted the Groundbreaking ceremony for a highrise edifice, right in the heart of the prestigious Eko Atlantic City, Lagos, called OYSTER TOWERS.
This development is coming less than six months after the Nola Adetola-led team began the construction of another high rise apartment, Allied Towers, in the high profile Ikoyi Island. A testament of how desirous he is about bridging the housing deficit in Nigeria.
The entrepreneur, in his speech, noted that his efforts are geared towards continuous provision of luxurious, but affordable accommodation for the Nigerian public, as a real estate giant, in rewarding partnership with Cooplag, under leadership of Francis Adeoye.
In his speech, the Chief Executive Officer of Veritasi Homes, Mr. Nola Adetola, noted that the project is a bold new chapter in the Lagos’ skyline, and will provide competitive and a whole new approach to luxurious living, especially with its location in the Eko Atlantic City axis.
“Today, as we break ground on Oyster Towers, we are declaring possibility and our determination to do something meaningful with it. Together with COOPLAG, we open yet another chapter in Lagos’ skyline, in Nigeria’s housing story, and in Veritasi’s journey,” he said.
Recalling the journey, the trajectory, and the achievements of the Veritasi brand, Nola informed that “Nine years ago, when we began this journey, we looked at Nigeria’s real estate market and asked: Can we do better? That question gave birth to Veritasi Homes. And today, we are doing it.”
Also speaking, the President of COOPLAG, Francis Adeoye, also underscored the significance of the project and the vision behind it.
“Today, we are not just breaking ground, we are breaking barriers. We are laying the foundation for a future where cooperative strength meets architectural excellence, where innovation meets legacy, and where our members and stakeholders can aspire to live in spaces that reflect their values, ambitions, and achievements,” he said.
Adding, Adeoye intoned that “This is the realisation of a shared dream, a dream to redefine urban living and empower our members. For over three decades, COOPLAG has stood as a beacon of cooperative strength, financial empowerment, and community development.”
Expressing his belief in the abilities of the two organizations, Governor Sanwo-Olu confirmed his trust in their efforts, noting that he has been in working relationship with the team, especially Cooplag.
He informed that having been involved in the groundbreaking ceremony, he would nonetheless be involved in every step of the way, until the project comes to conclusion.
Speaker after speaker, everyone agreed that the partnership is one of the best things to happen to the real estate sector, and would give vent the housing revolution the organisations are dedicated to.
The two organizations later put pen to paper to officially seal an agreement that was meant to materialize via the erection of beauty, style, architectural intelligence, elegance and housing space in the highbrow Ikoyi Island.
With the speeches and paperwork concluded, the guests moved outside, where the traditional ritual of scooping the earth over itself was held, signifying the commencement of the task of bringing the Oyster Towers project to reality within the next coming months.
Veritasi Homes and Cooplag are tested and trusted organisations in the housing and homes sector of the Nigerian economy.
The Impressive World of Indefatigable Investor, Adetola Nola
By Eric Elezuo
Here’s the story of a man, who read his way out of poverty. A man, who is known by a dictum not common to ordinary mortals; the dictum of perfection. It is no wonder that he is credited with the saying, “I am a perfectionist, and I take nothing short of excellence”.
His name is Adetola Nola. He is the Chief Executive Officer at Veritasi Homes and Properties, A.R.N Farms and Commodities Limited, which he founded and signed off to build one of the largest rice milling plants in West Africa; Asteric Asset Management, and Baraka Energy Lithium Processing Limited. Nola’s image looms large, and he still has years before his 40th birthday.
Nola is a typical example of the ‘real’ Nigerian youths, who are steadily proving that the not too young to run mantra is not just about politics, but spreads across every facet of human endeavour, chiefly among which is entrepreneurship.
It is therefore, not a surprise that before the age of 30, the star brained thinker, determined achiever and never-say-never entrepreneur, who has conquered the world of real estate, agriculture, mining and asset management giant, is already ruling their worlds, giving back to humanity and creating leverages that are already making the world a much more better place as well as pave the way for upcoming youths to bring their dreams to reality.
Nola is a standard measure for administrative competence, and the that fact anyone can achieve greatness if they set their minds to it.
Born 1990, Adetola Nola, is unarguably an excellence-driven and innovative real estate entrepreneur with positive energy and experience instrumental in redefining success in the Nigerian real estate industry. He does not only boast of these energies, but steadfastly put them to work and has reinvented a whole new strata of home management, estate development and all round provision of affordable housing for every class of humanity, Nigerians more especially.
A well-read intellectual, Nola is a Bachelor of Engineering degree holder in Chemical Engineering from the prestigious Obafemi Awolowo University, Ile-Ife. He has not left anything to chance as regards improvement educationally as he has just concluded an MBA (Masters in Business Administration) degree at the Metropolitan School of Business & Management, London.
His strong leaning on education and in continuous learning have created in him a need not to rest on his oars, prompting him to attend many capacity development courses, including Strategic Management & Leadership courses at the London Metropolitan University, Finance and Management Courses at the London School of Business & Finance; and numerous seminars locally and internationally. Little wonder he tells anyone he cares to listen that “I read my way out of poverty”.
Ever since he ventured into entrepreneurship, Adetola Nola has not looked back; he has not allowed himself to be weighed down by the vicissitudes surrounding business establishment and grooming, and has consequently, raked in extraordinary achievements under the age of 30, prompting the magnanimous Forbes to recognise him among the Forbes Africa Under 30 Class of 2019, when he was 29.
Reacting to his selection, Nola noted that “It is an honour to be part of this list that features so many great people. Forbes has done a great job compiling and ensuring the credibility of this list since inception, and it is a leading resource for entrepreneurs, like myself.”
The CEO is an epitome of impressive leadership, corporate management skills, and rich top management experience. His expertise, knowledge and experience span sales, marketing, real estate investment, property finance, real estate advisory, management, leadership development among a long list of business and entrepreneur oriented endeavours.
From a mere start up, Nola kick-started his real estate career. He began as a real estate sales consultant with Grenadine Homes, where he recorded a plethora of successes in closing property deals. Every pie he puts his hands is on becomes a done deal. His ingenuity won him a trip to Dubai while at Grenadine. He reported that once, he sold shoes so well to a client that the client felt he could sell real estate, and there arose his interest in real estate.
In 2017, after facilitating projects for other real estate companies, he founded his own company, Veritasi with just one staff – his secretary. But his style of leadership, rooted in eye for details and profits, the company recorded over N2 billion in revenue in less than two years of operation. In his modesty, he attributed the feat to the company’s vision of solving the housing problems of middle-income earners in Nigeria.
From the proverbial mustard seed, the company has grown to boast of over 12,000 real estate consultants, 1300 Veritasi Realtors and over a score full-time staff, today. This is a magnificent leap by all standard.
Nola has remained undaunted in his pursuit of the golden fleece or the green pastures even as he encountered untold entrepreneurial hassles. It has been reported that the man, who today has a Midas touch, has failed severally in business, but his sight on the ultimate goal, kept him going. And today he is a success story. A point of reference, and a veritable instrument with a passion to see and help other businesses grow.
“All the other businesses were learning grounds for us. They failed, but they taught me a lot of things. Because when I started Veritasi, I understood business dynamics and a lot of other things. I am trying to resurrect one or two,” he said.
The entrepreneur’s experience in growing businesses from the scratch to fruition is predicated upon his ability to have either founded or co-founded five other companies, including Noah and Nola Incorporated, Pineapples Luxury Retail Store and Couture 89 amongst others. He is also the current Founder/Chief Strategist Officer of Nola Travels. It is worthy of note that Nola founded this particular business with the sole aim of helping unemployed graduates. That explains how kindhearted he is, and can always be!
Walking in the footsteps of great African entrepreneurs like Tony Elumelu, Nola has a wholesome ambition of raising at least 200 successful African entrepreneurs who will, in turn, create employment and the circle continues. He has, as a matter of fact, been training batches of at least forty realtors and entrepreneurs on business and financial intelligence in his office every Thursday since November 2018. He also helps friends and family members to analyse their businesses, just as he assists the same friends and family members to see to the fruition of their businesses.
In all, Nola has analysed over 40 businesses, and still counting, for close friends and family members in the same way he has helped in restructuring about 20 of these businesses free of charge.
His corporate social responsibility has grown in leaps and bounds, affecting lives and giving hope to as many that he has come in contact with. He is presently championing the emergence of smarter communities with green energy in Nigeria while developing and providing properties that are timely in delivery, cost-effective, energy efficient, and durable. He is also a strategic investor with investments in the automobile industry, fashion and agriculture. His catalogue of palliatives for the good of his people has remained green even as he is still a very young man.
Nola is a thoroughbred inspirational speaker as well as a resource person in many affairs of life. While impacting his community, he has acted as a resource person at many learning and discourse sessions. He has also spoken in many local and international conferences including University of Mazda, Abu Dhabi and Property Investment & Homebuyers Show, London and others.
In his quest to further affect humanity, he has partnered with a number of NGOs with the aim of eradicating poverty and establishing a positive legacy. His belief in entrepreneurship has given him leverage to solve the challenge of unemployment and poverty in Africa. He has therefore, created platforms where people can work and learn to build companies of their own.
AWARDS AND ACCOLADES
Nola is not new to awards considering his humongous achievements. He has to his credit multiple local and international awards among which are Most Enterprising Student from Obafemi Awolowo University; Most Innovative Staff from Grenadine Homes; Best Intern in Operations from NNPC; Young Real Estate CEO Speaker from Property Investment Show, London and Fastest Growing Entreprenuer from Grapevine Real Estate.
Nola is a force to reckon with, and had started from the earliest of stages to create the accolades that follows him today, even at his youthful age.
THE PRESTIGIOUS CAMBERWALL ESTATE, LEKKI
Recently, Nola’s company unveiled an ambitious site and services scheme in Lekki, called Camberwall Estate. This magnanimous project is coming just after the Star City Garden in Ibeju-Lekki was first released. The estate consists of service plots.
A must buy and home to every lover of affordable luxury, Camberwall, a homely estate, which is located along Eleko Beach and opposite Amen Estate in Ibeju-Lekki Council, is a few minutes drive to Lagos Business School, and proposed airport. There is no doubt that it is an investor’s delight.
Speaking about the estate, Nola said it is a residential haven designed to provide affordable experience in a conducive and serene environment. He added that the estate is designed to accommodate modern state of the art facilities like interlocked road, clinic and security beautiful landscape, drainages, street lights, and estate club houses.
That is not all, it comprises a central designed architectural piece of accommodation, which provides residents with an ideal believe of tranquility and modern convenience. As part of his innovations, he is replicating noiseless and smart homes in Nigeria.
Nola does not only have a Midas touch in business, he is a stickler to excellence, decorum and the best of services. Little wonder he rolled out the drums to celebrate staff and clients as the year 2021 wound down in a most elaborate end of year party. He is by all means the class of technocrats capable of turning the economic fortunes of the nation, Nigeria around, and needs to be giving a chance.
A typical Epicurus son, Nola is a lover of good things including splendid food, neatly and smartly tailored apparels and worthy vacations to ease the stress and rejuvenate the mind.
Welcome to the impressive world of the indefatigable investor, Adetola Nola!
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