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Elumelu Speaks on Africapitalism to youths at Ghana’s leading institution

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6 years ago

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Tony Elumelu visited Ghana as the first stop of his UBA tour of Africa, propagating the ideal of Africapitalism. In continuation of his strategic vision of engineering a robust economic and business relationship across the continent through Africapitalism as a necessary tool for the socio economic development of Africa, the Group Chairman UBA Plc, and Founder of the Tony Elumelu Foundation, Mr. Tony O. Elumelu, spoke at the prestigious University of Ghana, Legon, before hundreds of Ghanaian youths, academics and entrepreneurs.

The serial entrepreneur who at the young age of 34, became the Managing Director of one of Nigeria’s top banks(Standard Trust Bank), reiterated the usefulness of preparedness. He expanded on the qualities that make a successful entrepreneur. ‘The first is dedication, then vison, focus, ambition, and our ability to do things when we want to do them. We must always remain laser focused and aim to execute to perfection’ Elumelu said.

These are some of the qualities that enabled Elumelu lead one of the biggest mergers in Nigeria’s history to date. Today, UBA is amongst the top 3 banks in the country and rapidly growing in Africa. According to Elumelu, ‘I saw us grow a bank from 5 branches to 1000 branches with presence in 19 African countries and in Paris, London and New York. The lesson here is start small, have a purpose, be disciplined, think long term’

He went on further to stress that entrepreneurship and not Aid, is key to achieving poverty reduction and empowering Africans to solve our challenges without dependence on aid from western countries.

In his words, “Knowledge has no currency or value. It is priceless, and there is no greater gift than the gift of knowledge” Speaking further, he said “Africans must come up with innovative, home grown solutions for challenges we continue to face.” He added that UBA embraces this innovation: “UBA was the 1st bank to encourage customers to come and bank with zero account balance.”

Earlier during the working visit, on Monday, Tony Elumelu met with the President of Ghana, His Excellency Nana Akufo-Addo where they held fruitful discussions on matters of mutual benefit as well as deliberated on issues geared towards the growth and development of Finance and entrepreneurship in Ghana.

Of the meeting, Elumelu stated “I am delighted to be on this historic visit to Ghana which has been a shining light of UBA’s business across Africa. It was a great opportunity to meet with and congratulate the newly elected president of Ghana, His Excellency Nana Akufo-Addo and to extend our readiness to partner with his administration in the rapid development of Ghana and Africa at large. It was also an honour to meet with young and vibrant Students and share my Vision of Africapitalism”.

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Gov. Makinde Appoints Perm. Secs, Accountant General, Executive Secretaries 

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1 week ago

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May 26, 2023

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Governor Seyi Makinde has approved the appointment of Kikelomo Adijat Adegoke as the substantive Accountant General of Oyo State.

 

 

 

The Head of Service, Mrs. Olubunmi Oni mni, made this known in a statement on Friday in Abuja.

 

 

 

Oni said the appointment took effect on Thursday, May 26, 2023.

 

 

 

The Oyo State Governor has also approved the appointment of eleven Permanent Secretaries in the civil service.

 

 

 

The Permanent Secretaries include: Dr. Olabode Ladipo; Dr. Oyewole Tunde Aremu; Abosede Esther Owoeye; Ismail Abass Adebukola Bioku; Folajinmi Daramola Oni; Dolapo Oluremilekun Popoola; Hakeem Toyin Salami; Tajudeen Raji; Paul Amole Okunloye Oyekunle; Bassir Kolawole Kazeem and Taiwo Olafimihan Adewale.

 

 

 

Governor Makinde also appointed two Executive Secretaries. They include Olusola Orobode and Muibat Olaide Lasisi.

 

 

 

The Head of Service said the appointments came as a result of thorough screening and outstanding performance of the affected officers.

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Austin Avuru’s books now available following vacation of court orders.

Published

2 weeks ago

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May 25, 2023

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Austin Avuru’s books are now available for purchase following the vacation of court orders issued by Federal High courts in Abuja and Lagos.

The Abuja court issued the injunction in July 2022 following a motion exparte filed by Tochukwu Peter Tochukwu, Esq but moved by Nsikan Samuel Ekpeyong Esq with motion No. M/9442/2022 dated 26th Day of July 2002 at an an Abuja High Court presided over by Justice SB Belgore.

The injunction was issued days to the scheduled public presentation of the books – My Entrepreneurship Journey and Politics, Economics and the Nigerian Petroleum Industry all by written by Austin Avuru – Founding CEO, Seplat Energy. The third book, Austin Avuru: A Safe Pair of Hands is a biography of the mercurial and methodical oil man written by the duo of Peju Akande and Toni Kan

Avuru had informed his invited guests of the suspension of the event and sale of the books via an e-message personally signed by him: “this event has been suspended by an Abuja High Court Injunction. Our lawyers are at work and, when we are permitted, we shall re-assemble at a later date.”

The retirement party and book presentation event had been scheduled for the 4th of August, 2022 at the Eko Hotels and Suites Victoria Island.

The court order had, among other prayers, restrained “the defendants, their privies, assigns, agents and howsoever described from proceeding to temper with the res – by taking any step geared at releasing or public presentation of the book titled or any other book(s) or any other venue pending the hearing and determination of the motion on notice.”

With the vacation of both injunctions, the reading public and friends of the author can now purchase copies of the books – My Entrepreneurship Journey, A Safe Pair of Hands and Politics, Economics and the Nigerian Petroleum Industry – from leading bookshops like Jazzhole, Terra Kulture, Quintessence, Glendora, Roving Heights, Spine and Label, Patabah etc as well as via amazon.com.

The books provide incisive and unique insights into the Nigerian oil and gas industry with special emphasis on the emergence of indigenous oil and gas players as well as Avuru’s place in the mix as founding partner and pioneer CEO of Seplat Energy Plc, a Nigerian and African success story that is listed both on the Nigeria and London Stock Exchange..

Geologist and publisher, Toyin Akinosho described My Entrepreneurship Journey as “a narrative on how to build, grow and sustain an upstream oil company” and “a masterpiece of economic and business analysis,” while A Safe Pair of Hands has been described as telling “a compelling story of excellence, resilience, doggedness and that unique can-do Nigerian Spirit,” and a “must-read for anyone who believes in potential.”

The third book, Politics, Economics and the Nigerian Petroleum Industry, is made up of 74 essays written and published between 1991 and 2022, in which Austin Avuru, “oil man, corporate mandarin and public intellectual shows by the example of thriving companies he has founded, nurtured and built into successful enterprises that his theories for creating value and building generational and sustainable wealth are more than just talk but well thought-out processes anchored in cleared-eyed analysis. In the book, Avuru provides clear insights that should guide policy and decision making at the highest levels.”

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El-Rufai’s son, Bello, takes second wife in Abuja

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2 weeks ago

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May 25, 2023

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Bello El-Rufai, the son of the Governor of Kaduna State, Nasir El-Rufai has taken a new wife, Aisha Habibu in a private wedding in Abuja.

Aisha is the daughter of the former Military Administrator for Plateau and Niger states, Colonel Habibu Shuaibu.

Bello is a House of Representatives member-elect representing Kaduna North while Aisha is an entrepreneur who manages multiple personal businesses.

The private Nikkah held on Friday and the wedding will be celebrated with events in the coming month.

Recall that Bello in 2015 married Kamilah in Kaduna and Harrow Park, Abuja.

Kamila’s aunt, Maryam is the wife of the former Head of State, Ibrahim Gbadamosi Babangida.

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