Mo Ibrahim: On Ethical Leadership In Africa

Mo Ibrahim: On Ethical Leadership In Africa


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M A G A Z I N E<br />

november <strong>2023</strong><br />

My Lord, Tell<br />

me Where<br />

to Keep your<br />

Bribe<br />

4.0<br />

Industrial<br />

Revolution:<br />

A Game<br />

Changer<br />

Holding<br />

Nigeria’s<br />

Leadership<br />

Accountable<br />

Going Into<br />

Real Estate<br />

Business in<br />

Nigeria<br />

Profiting<br />

from the<br />

Miscarriage<br />

of Justice in<br />

Nigeria<br />

mo<br />

ibrahim<br />

On Ethical Leadership In Africa<br />

Accomplish Magazine 1

november<br />

<strong>2023</strong><br />

contents<br />

feature<br />

4 Nigeria : BITS & BOBS<br />

6 “My Lord, Tell me Where<br />

to Keep your Bribe”<br />

14<br />


cover<br />

14 MO IBRAHIM:<br />

Revolutionizing<br />

Telecoms & Promoting<br />

Effective Governance<br />

Mo Ibrahim Special:<br />

Top 60 Quotes<br />

Africa and the Ibrahim<br />

Prize for Leadership<br />


34 FEATURE & ANALYSIS 52<br />


HEALTH<br />

64 The Health Benefits of<br />

Dandelion<br />

68 FOOD & WINE<br />

70<br />


FOLLOW US @ entrepreneur NG<br />

2<br />

Accomplish Magazine

40 66 56<br />


From The Editor<br />

Wow! The weeks after we<br />

published the October<br />

edition of Accomplish<br />

Magazine have been<br />

quite eventful in many respects,<br />

so much so in Nigeria, where our<br />

overseas branch is located... We’ll<br />

return to that shortly.<br />

Let’s begin by announcing Team<br />

Accomplish’s pleasure to present<br />

an African with a difference, a<br />

great business strategist and<br />

visionary on our cover. He is Sir<br />

Mohammed Fathi Ahmed Ibrahim<br />

(Mo Ibrahim for short). After<br />

career experience in Africa and<br />

Europe, he took his brilliance to<br />

entrepreneurship, establishing<br />

Mobile Systems International (MSI)<br />

and, later, Celtel International -<br />

which practically lifted telephony<br />

experience across Africa.<br />

Perhaps, his most profound<br />

engagement is the founding of<br />

the Mo Ibrahim Foundation that<br />

instituted the globally acclaimed<br />

Ibrahim Prize for Achievement<br />

in African Leadership with a<br />

whopping US$5 million award and<br />

a life stipend of $200,000 per year<br />

for recipients. You would love to<br />

read the full details yourself.<br />

We scanned through the career<br />

field and located a woman who left<br />

a huge impression in the banking<br />

sphere in Nigeria and the United<br />

Kingdom. In ‘The CEO Interview’, we<br />

bring you Pamela Yough, former<br />

chief executive officer of Zenith<br />

Bank (UK) Limited. Her viewpoints<br />

on rising through the career ladder<br />

and overcoming stereotypes will<br />

interest readers.<br />

From Nigeria comes the<br />

seemingly hurried Supreme Court<br />

judgment in the appeals of Atiku<br />

Abubakar and Peter Obi in respect<br />

of the presidential election held<br />

in February this year on technical<br />

grounds. Prof. Niyi Osundare’s<br />

poem on the judiciary speaks<br />

volumes. There’s also a reflection<br />

on this poem by Chief Victor<br />

Olewunne. You want to read<br />

it... Still on Nigeria, we have a<br />

piece on David Hundeyin, the<br />

young man who’s pushing for<br />

accountable leadership in that<br />

country.<br />

Furthermore, this edition<br />

unveils so much more. Besides<br />

the entry of leadership and<br />

business-focused pieces by<br />

our Board Chairmen, Dr. Austin<br />

Nweze, our success-aiding<br />

enlightenment contents have<br />

attracted more sound-minded<br />

writers. In no particular order,<br />

we have: Prince Justice Faloye,<br />

Tim Akano, Dave Baro-Thomas<br />

and Victor Olewunne. You can<br />

bet that missing any edition of<br />

Accomplish Magazine would now<br />

be considered a huge loss!<br />

Our staples are still served.<br />

Welcome! Enjoy!<br />

Diiyi William-West<br />

Diiyi William-West<br />

Editor<br />

Team<br />


Editor<br />

Diiyi William-West<br />

Contributing<br />

Editor<br />

Harry choms<br />

Senior<br />

correspondents<br />

Ikenna Ngere<br />

Tolulope Akinruli<br />

Adebayo Afolabi<br />

Head of design /<br />

web manager<br />

Olayiwola ajagbe<br />

Graphic<br />

designer/ social<br />

media handler<br />

Monica efeotor<br />

Marketing<br />

Director<br />

Nnamdi Dan<br />

Anyiam<br />

Business<br />

Development<br />

consultant<br />

Ngozi Ukpai<br />

Imiomozo Dan<br />

Anyiam<br />

Business<br />

Analyst<br />

Executive<br />

Ngozi EZE<br />

Advert/<br />

Marketing<br />

Executive<br />

Tega Diagbare<br />

Editor in chief<br />

Remi Diagbare<br />

chairman Editorial Board<br />

Dr Austin Nweze<br />

For advert enquiries, please contact<br />

Marketing Director,<br />

Imiomozo - 08075499632,<br />

Remmy +44 7424 594773 (Whatspp only)<br />

or email,<br />

accomplish@entrepreneurng.com<br />

Our Vision:<br />

To be the go-to publication for information<br />

and inspiration in pursuing life’s<br />

attainments.<br />

Our Mission:<br />

To profile and celebrate the achievements<br />

and lifestyle choices of outstanding leaders<br />

and influencers in business, manufacturing,<br />

agriculture, academia, administration,<br />

entertainment and innovation in Nigeria,<br />

Africa and, indeed, globally.<br />

Disclaimer:<br />

Please note that all photos used in this<br />

special digital edition of the <strong>ACCOMPLISH</strong><br />

Magazine were sourced freely online.<br />

We maintains no rights over the images/<br />

photos, while we have tried to give<br />

appropriate credit where due, we are<br />

aware some artistes were not credited.<br />

We remain committed to supporting<br />

intellectual property and creativity.<br />

© <strong>2023</strong> Tegali Communications<br />

Accomplish Magazine 3

NIGERIA:<br />

BITS & BOBS<br />

By Ikenna Ngere<br />


Nigeria’s Exports Thrive in Angola,<br />

Reaching $16.8m<br />

Nigeria’s exports to Angola will reach $16.8<br />

million between 2020 and 2022, according to<br />

Domingos Lopes, Secretary of State for International<br />

Cooperation and Angola Communities.<br />

Lopes made the remarks on Thursday at the<br />

inaugural interactive Angola-Nigeria business event in<br />

Abuja.<br />

The Secretary, who represented the Minister of<br />

External Relations, His Excellency, Téte Antonio, stated<br />

that the first economic, technical, scientific, and<br />

cultural cooperation agreement was signed in 1976,<br />

and that the exchange between the two countries has<br />

been remarkable in diplomatic, defence and security,<br />

petroleum, education, culture, and transportation.<br />

Naira’s Freefall Continues, Hits<br />

New low of 1060/$<br />

The crisis in Nigeria’s currency exchange<br />

market doubled on October 18, with the local<br />

currency sinking further across all market<br />

segments.<br />

The naira fell to N1,100 to USD1.0 midday in the<br />

parallel market before settling at N1,060 in Lagos’<br />

major trading hubs. In the parallel market, it had<br />

been hovering at N1,025 for the previous month.<br />

Stock Market Plunges N140bn due to<br />

Massive Sell-Offs<br />

The stock market reversed its previous day’s gain to<br />

close trading with a N140bn loss. This loss comes after<br />

two days of profitable trading. The All-Share Index and<br />

market capitalisation both fell by 0.38 percent to 67,098.8<br />

and N36.864 trillion, respectively.<br />

This decline was driven by sell-offs in high and<br />

medium-cap stocks on the local bourse, including<br />

Stanbic IBTC (-8.49%), AccessCorp (-2.39%), Fidelity Bank<br />

(-2.94%), Oando Plc (-1.67%), Zenith Bank (-0.75%), FBN<br />

Holdings (-0.31%), NASCON Allied Industries (-1.72%), Nestle<br />

(-0.49%), and MTN Nigeria (-0.20%).<br />

At the closing of trading, the number and value of<br />

shares traded fell by 24.87 percent to 298.69 million units<br />

and 4.60 percent to N4.48 billion in 5,348 transactions. On<br />

Thursday, October 19, there were 114 equities that traded<br />

on the market.<br />

4<br />

Accomplish Magazine


Imo Election: Governor Uzodimma has never<br />

won credibly in the state — PDP<br />

The Peoples Democratic Party (PDP) has stated that the<br />

All Progressives Congress (APC) candidate and Governor of<br />

Imo State, Hope Uzodimma, will not be able to win a credible<br />

governorship election in the state.<br />

The Independent National Electoral Commission has set<br />

November 11 as the date for the Imo governorship election.<br />

The Peoples Democratic Party (PDP) said that all election<br />

indices in the state proves that Governor Uzodimma has been<br />

rejected by the people.<br />

Debo Ologunagba, the National Publicity Secretary of<br />

the opposition party, declared in Abuja on Tuesday, October<br />

17 that the APC candidate has no chance against the PDP<br />

candidate, Senator Samuel Anyanwu.<br />

President Bola Tinubu presides over FEC<br />

meeting, swears in three new ministers<br />

President Bola Tinubu swore in three new ministers to his<br />

48-member cabinet on Monday, October 16 at noon.<br />

Jamila Bio Ibrahim, Ayodele Olawande, and Balarabe<br />

Lawal took the oath of office at 12:15 p.m. at the State House<br />

Council Chamber, prior to the opening of the Federal<br />

Executive Council meeting presided over by Tinubu.<br />

This comes about two weeks after the Senate approved<br />

the three during a screening on October 4, <strong>2023</strong>.<br />

President Tinubu nominated Ibrahim and Olawande<br />

as Minister of Youth and Minister of State for Youth on<br />

September 17, <strong>2023</strong>. He also asked the Senate to appoint<br />

Balarabe Lawal as Kaduna minister.<br />

INEC to Deploy 46,084 Ad-hoc Staff Ahead of<br />

Imo, Bayelsa, Kogi poll<br />

The Independent National Electoral Commission, (INEC), has<br />

said that it will deploy 46,084 ad-hoc staff for the governorship<br />

elections in Bayelsa, Kogi, and Imo states on November 11.<br />

Prof. Mahmood Yakubu, Chairman of INEC, announced this<br />

at a meeting with Residents Electoral Commissioners in Abuja<br />

on Friday. Yakubu stated that 11,000 observers will be deployed<br />

by approved national and international institutions for the offcycle<br />

poll.<br />

The INEC Chairman also stated that the 18 political parties<br />

contesting the governorship race would send out 137,934 agents,<br />

including 130,093 polling agents and 7,841 collation agents.<br />

Chairman of BUA Group, Abdul Samad Rabiu<br />

regains spot on Bloomberg’s World Richest List<br />

After recent gains in the prices of his top companies, Abdul<br />

Samad Rabiu rejoins Bloomberg’s exclusive list. According to the<br />

Bloomberg Billionaires Index, the 63-year-old billionaire currently<br />

owns $5.98 billion in assets. He is the world’s 403rd richest person.<br />

The Nigerian billionaire, together with his compatriot and Africa’s<br />

richest man, Aliko Dangote, is worth $16.3 billion.<br />

Rabiu is the founder and chairman of the Nigerian<br />

conglomerate BUA Group. Its Lagos-based subsidiary, BUA Cement,<br />

is the country’s second-largest cement manufacturer, with a<br />

projected turnover of N361 billion in 2022. Another listed subsidiary,<br />

BUA Foods, operates the largest paper and flour mill in Nigeria.<br />


Accomplish Magazine 5

QUOTES<br />

“My Lord, Tell me<br />

Where to Keep<br />

your Bribe”<br />

Poem By Prof. Niyi Osundare<br />

I<br />

o drop it in your<br />

venerable chambers<br />

Or carry the heavy<br />

booty to your<br />

immaculate mansion<br />

Shall I bury it in the capacious<br />

water tank<br />

In your well laundered<br />

backyard<br />

Or will it breathe better in the<br />

septic tank<br />

Since money can<br />

deodorize the smelliest crime<br />

Shall I haul it up the attic<br />

Between the ceiling and<br />

your lofty roof<br />

Or shall I conjure the walls to<br />

open up<br />

And swallow this sudden<br />

bounty from your honest<br />

labour<br />

Shall I give a billion to each of<br />

your paramours<br />

The black, the light, the<br />

Fanta-yellow<br />

They will surely know how to<br />

keep the loot<br />

In places too remote for the<br />

sniffing dog<br />

Or shall I use the particulars<br />

Of your anonymous<br />

maidservants and manservants<br />

With their names on overflowing<br />

bank accounts<br />

While they famish like<br />

ownerless dogs<br />

Shall I haul it all to your village<br />

In the valley behind seven<br />

mountains<br />

Where potholes swallow up the<br />

hugest jeep<br />

And Penury leaves a scar on<br />

every house<br />

My Lord<br />

It will take the fastest<br />

machine<br />

Many, many days to count this<br />

booty; and lucky bank bosses<br />

May help themselves to a<br />

fraction of the loot<br />

My Lord<br />

Tell me where to keep your<br />

bribe?<br />

My Lord<br />

Tell me where to keep your<br />

bribe?<br />

The “last hope of the common<br />

man”<br />

Has become the last bastion<br />

of the criminally rich<br />

A terrible plague bestrides the<br />

land<br />

Besieged by rapacious<br />

judges and venal lawyers<br />

Behind the antiquated wig<br />

And the slavish glove<br />

The penguin gown and the<br />

obfuscating jargon<br />

Is a rot and riot whose stench<br />

is choking the land<br />

Behind the rituals and roted<br />

rigmaroles<br />

Old antics connive with new<br />

tricks<br />

Behind the prim-and-proper<br />

costumes of masquerades<br />

Corruption stands, naked, in<br />

6<br />

Accomplish Magazine

QUOTES<br />

Prof. Niyi Osundare<br />

its insolent impunity<br />

For sale to the highest bidder<br />

Interlocutory and perpetual<br />

injunctions<br />

Opulent criminals shop for<br />

pliant judges<br />

Protect the criminal, enshrine<br />

the crime<br />

And Election Petition Tribunals<br />

Ah, bless those goldmines<br />

and bottomless booties!<br />

Scoundrel vote-riggers romp to<br />

electoral victory<br />

All hail our buyable Bench<br />

and conniving Bar<br />

A million dollars in Their<br />

Lordship’s bedroom<br />

A million euros in the parlor<br />

closet<br />

Countless naira beneath the<br />

kitchen sink<br />

Our courts are fast running<br />

out of Ghana-must-go’s*<br />

The “Temple of Justice”<br />

Is broken in every brick<br />

The roof is roundly perforated<br />

By termites of graft<br />

My Lord<br />

Tell me where to keep your<br />

bribe?<br />

Judges doze in the courtroom<br />

Having spent all night,<br />

counting money and various<br />

“gifts”<br />

And the Chief Justice looks on<br />

with tired eyes<br />

As Corruption usurps his<br />

gavel.<br />

Crime pays in this country<br />

Corruption has its<br />

handsome rewards<br />

Just one judgement sold to<br />

the richest bidder<br />

Will catapult Judge &<br />

Lawyer to the Billionaires’<br />

Club<br />

The Law, they say, is an ass<br />

Sometimes fast,<br />

sometimes slow<br />

But the Law in Nigeria is a<br />

vulture<br />

Fat on the cash-andcarry<br />

carrion of murdered<br />

Conscience<br />

Won gb’ebi f’alare<br />

Won gb’are f’elebi**<br />

They kill our trust in the<br />

common good<br />

These Monsters of<br />

Mammon in their garish<br />

gowns<br />

Unhappy the land<br />

Where jobbers are judges<br />

Where Impunity walks the<br />

streets<br />

Like a large, invincible<br />

Demon<br />

Come Sunday, they troop to<br />

the church<br />

Friday, they mouth their<br />

mantra in pious mosques<br />

But they pervert Justice all<br />

week long<br />

And dig us deeper into the<br />

hellish hole<br />

Nigeria is a huge corpse<br />

With milling maggots on its<br />

wretched hulk<br />

They prey every day, they<br />

prey every night<br />

For the endless<br />

decomposition of our<br />

common soul<br />

My Most Honourable Lord<br />

Just tell me where to keep<br />

your bribe.<br />

Large, extremely tough bags<br />

used for carrying heavy cash<br />

in Nigeria<br />

They declare the innocent<br />

guilty<br />

They pronounce the guilty<br />

innocent.”<br />

Accomplish Magazine 7

RealPolitik:<br />

Profiting from the<br />

Miscarriage of Ju<br />

in Nigeria<br />

By Victor Olewunne<br />

A reflection on Niyi Osundare’s Poem,<br />

My Lord, Where Do I Keep Your Bribe?<br />

The first few times I read<br />

this poem, I misread<br />

the word ‘Bribe’ as<br />

‘Bible’. Starting with the<br />

phrase, ‘My Lord’, one would<br />

think ‘Your Bible’ should be the<br />

natural follow up at the end of<br />

the sentence. Incidentally too,<br />

witnesses are put under oath<br />

with the Bible, the Qu’ran or<br />

other religious books or items in<br />

a court of law. They often swear<br />

to say the truth, nothing but<br />

the truth. This oath is premised<br />

on the assumption that, the<br />

judge who is putting a witness<br />

under oath is already on oath<br />

to do justice, that the judge is<br />

beyond reproach. Osundare tells<br />

us a different story about the<br />

Nigerian judiciary.<br />

The cornerstone of any just<br />

and fair legal system is the<br />

trust that the public places in<br />

the judiciary. This is one of the<br />

pillars of political order. Judges<br />

are expected to be impartial,<br />

unbiased, and driven by a<br />

commitment to uphold the law<br />

and deliver justice. However,<br />

throughout history, there have<br />

been instances where corrupt<br />

judges have tarnished the<br />

reputation of the judiciary<br />

by exploiting their power for<br />

personal gain. This write-up,<br />

taking a cue from Osundare’s<br />

poem, is about the disturbing<br />

phenomenon of corrupt judges<br />

getting rich from the miscarriage<br />

of justice in Nigeria.<br />

Understanding<br />

Corruption in the<br />

Judiciary<br />

Corruption within the judiciary<br />

can take various forms, and<br />

one of the most insidious is<br />

when judges use their positions<br />

to influence court decisions<br />

in favour of certain parties,<br />

typically those who can offer<br />

financial or political incentives.<br />

The miscarriage of justice occurs<br />

when judges, instead of basing<br />

their decisions on the merits of<br />

a case and the law, manipulate<br />

or subvert the legal process<br />

using legal technicalities. We<br />

have seen this grow and prevail<br />

unabashedly in Nigeria. We<br />

have seen the person who came<br />

fourth in an election become the<br />

first through judicial gymnastics,<br />

as was the case in Imo State.<br />

We have seen people who did<br />

not participate in an election<br />

become the elected officers,<br />

as was the case of Lawani<br />

and Akpabio. The most painful<br />

is the recent case of the <strong>2023</strong><br />

presidential election tribunal.<br />

Many believe that all the laws<br />

regarding the election have<br />

been thrown to the dustbin by<br />

the judges. So sad!<br />

The Drivers of<br />

Corruption<br />

Corrupt judges are often<br />

motivated by greed and a<br />

desire for personal enrichment.<br />

Their actions may be driven<br />

by financial gain or the desire<br />

to maintain their power and<br />

influence. The third and often<br />

8<br />

Accomplish Magazine

stice<br />

unseen factor, is the armtwisting<br />

use of dossiers of old<br />

misdemeanours and threats,<br />

which is wielded against the<br />

judges to make them do a<br />

certain bidding.<br />

There are several<br />

factors that<br />

contribute to this<br />

disturbing trend<br />

in Nigeria:<br />

Corrupt judges may accept<br />

bribes or kickbacks from<br />

individuals, corporations,<br />

criminal organisations or<br />

politicians in exchange for<br />

favourable rulings. As was<br />

alleged about the <strong>2023</strong><br />

presidential election judges who<br />

jetted out to France immediately<br />

after delivering their PEPT<br />

judgement, to supposedly, pick<br />

up their bribe money. These illicit<br />

payments, if true, can lead to<br />

unjust verdicts, putting innocent<br />

individuals behind bars, making<br />

nonsense of genuine cases or<br />

allowing guilty parties to escape<br />

justice.<br />

*In Nigeria, we have seen<br />

judges use their positions to<br />

promote the interests of their<br />

tribes, family members or close<br />

associates. This can result in<br />

nepotistic hiring practices as<br />

has been observed in judicial<br />

appointments in Nigeria. A<br />

Sharia judge was appointed by<br />

the Buhari administration as the<br />

Chief Justice of Nigeria, and a<br />

sitting Chief Justice was booted<br />

out before the end of his tenure<br />

by the same administration.<br />

There are allegations that the<br />

appointment of Supreme Court<br />

judges by Justice Olukayode<br />

Ariwoola preparatory to the <strong>2023</strong><br />

election cases took the same<br />

twist. Such actions, naturally,<br />

lead to preferential treatment<br />

in court cases, further eroding<br />

public trust in the legal system.<br />

*Political Influence is<br />

probably the worst thing<br />

to have happened to the<br />

judicial system in Nigeria. The<br />

independence of the three<br />

arms of our democratic system<br />

of government has been<br />

permanently destroyed. Buhari<br />

appointed his yes-men and<br />

tribes’ men to judicial offices.<br />

Tinubu has followed the same<br />

precedence to appoint his<br />

yes-men and tribes’ men to<br />

do his bidding in the judicial<br />

system. How on earth then,<br />

would anyone expect a judge or<br />

minister of justice appointed by<br />

Tinubu or whose appointment<br />

was influenced by Tinubu, to<br />

midwife and pursue a case<br />

against him, no matter how<br />

obvious the case may be<br />

according to the laws of the<br />

land. The order of the day is that,<br />

corrupt judges, so appointed,<br />

align themselves with political<br />

powers, making decisions that<br />

support the political agenda<br />

in exchange for protection,<br />

personal enrichment or<br />

advancement within the judicial<br />

system.<br />

The<br />

Consequences of<br />

Corrupt Judges<br />

The consequences of corrupt<br />

judges are far-reaching and<br />

devastating. They undermine<br />

the very foundations of justice<br />

and democracy, and have led<br />

to many wrongs in the Nigerian<br />

society:<br />

*Professional ethics are<br />

permanently interned. Going<br />

by deontological ethics, the<br />

judges abdicate their duties to<br />

the citizens, to their profession<br />

and to the country. Going by<br />

the tenets of virtue ethics, the<br />

character of the judges pollutes<br />

Accomplish Magazine 9

judges<br />

the entire judicial system and<br />

the society at large. Going by<br />

consequential ethics, innocent<br />

individuals are wrongfully<br />

convicted and spend years,<br />

or even decades, in prison for<br />

crimes they did not commit,<br />

while criminals of every shade<br />

are set free and let loose on the<br />

society.<br />

*Public trust and confidence<br />

in the judiciary is constantly<br />

being eroded. People have<br />

lost faith in the Nigerian legal<br />

system, which have resulted in<br />

the lack of cooperation with law<br />

enforcement agencies and a<br />

rise in vigilantism. Corrupt judges<br />

perpetuate social inequality by<br />

enabling wealthy or influential<br />

individuals to evade justice, as<br />

can be seen in recent cases in<br />

Nigeria, thereby reinforcing the<br />

notion that the law is not equal<br />

for all. In fact, in Nigeria, the law<br />

is further skewed to different<br />

shapes depending on what part<br />

of the country you come from.<br />

Fighting<br />

Corruption in the<br />

Judiciary<br />

To combat corrupt judges<br />

and protect the integrity of the<br />

legal system, several measures<br />

must be taken:<br />

*If the judiciary has lost its<br />

independence, as intended<br />

by the democratic system<br />

due to political influence,<br />

then an independent<br />

body should oversee the<br />

judiciary to investigate<br />

allegations of corruption<br />

and ensure accountability.<br />

Judicial employees should<br />

be encouraged to report<br />

misconduct by judicial officers<br />

and ensure that their protection<br />

from retaliation is guaranteed.<br />

Judges should be subject to<br />

strict ethical guidelines and<br />

financial disclosure requirements<br />

to prevent conflicts of interest.<br />

Public awareness must be raised<br />

about the importance of an<br />

independent and corruptionfree<br />

judiciary. This can help build<br />

a more vigilant and informed<br />

society.<br />

Conclusion<br />

Corrupt judges who profit<br />

from the miscarriage of justice<br />

pose a grave threat to the<br />

very foundations of the legal<br />

system and the society. Their<br />

actions erode public trust, lead<br />

to wrongful convictions, and<br />

perpetuate social injustices.<br />

It is crucial to address this<br />

issue through a combination<br />

of independent oversight,<br />

transparency, and public<br />

awareness to ensure that<br />

justice is served impartially and<br />

without bias. Only through these<br />

efforts can we hope to root<br />

out corruption and protect the<br />

fundamental principles of justice<br />

and the rule of law. According<br />

to Fukuyama in his book, Pillars<br />

of Political Order, the rule of law<br />

must be protected to prevent<br />

political decay and social<br />

disorder. Fukuyama further adds<br />

that, political order is a delicate<br />

balance that requires strong<br />

institutions and a commitment<br />

to the rule of law to prevent<br />

the rise of authoritarianism,<br />

corruption, and other challenges<br />

to governance.<br />

Victor<br />

Olewunne,<br />


Victor Olewunne, the<br />

Ethicist, is a public affairs<br />

analyst and Founder,<br />

African Foundation<br />

for Ethics and Social<br />

Responsibility.<br />

10<br />

Accomplish Magazine

FEATURE &<br />


Electoral tribunal<br />

verdicts and the<br />

future of democracy<br />

By Dave Baro-Thomas<br />

he palpable fear<br />

T<br />

arising from the<br />

declaration of<br />

winners in the <strong>2023</strong><br />

general election as<br />

announced by the<br />

electoral umpire,<br />

INEC, the subsequent counsel<br />

for losers to go to court, and the<br />

outcomes from the courts today<br />

are documentary evidence<br />

that the Nigerian brand of<br />

democracy falls short of the<br />

spirit and content that drive<br />

democracy in saner climes.<br />

The sheer pretense,<br />

connivance and dearth of<br />

political will to interrogate<br />

the fundamental elements<br />

that skew our democratic<br />

experimentations since the First<br />

Republic and the worsening<br />

outcomes since the Fourth<br />

Republic- posit nothing but a<br />

nation at home with ignominy,<br />

and until this shammed<br />

democracy is subjected to the<br />

acid test and grows organically<br />

vis-a-vis respect for its tenants,<br />

the business of governance is<br />

just a circus in Nigeria.<br />

One of the fall-outs of the<br />

recent elections in the country<br />

is the coinage- You can go<br />

to court and All eyes on the<br />

Judiciary- these crept into our<br />

political lexicon like wildfire,<br />

triggering inconceivable<br />

interpretations that stretch<br />

from the intellectual to the<br />

absurd – and at this juncture,<br />

one cannot help but reflect<br />

deeply on that aphorism: the<br />

law is an ass, or is it that the<br />

law is an axe, with the kinds of<br />

verdicts emanating from the<br />

electoral tribunals across the<br />

country.<br />

Accomplish Magazine 11

“<br />

The judicial autonomy is a mirage in our democracy,<br />

even when it was enshrined in the constitution but<br />

breached in practice, so their financial freedom<br />

and welfare remain crucial to the development of<br />

democracy in Nigeria, and this should be on first line<br />

charge from the national budget, but resisted by the<br />

executive for clear-cut reasons – CONTROL!<br />

Before these judgements,<br />

expectations were intense, and<br />

very few sat on the fence- the<br />

ruling party boasted it had<br />

no case to answer, while the<br />

opposition was resolute that the<br />

evidence put on the table before<br />

the jurists would change the<br />

face of jurisprudence and birth<br />

new precedence that would<br />

enshrine and grow the muchdesired<br />

democratic culture and<br />

ethos in the country.<br />

It appeared the opposition<br />

did a fantastic job with their<br />

post-election campaign’s theme<br />

of eyes on the Judiciary- these<br />

are not good times to be a judge<br />

adjudicating electoral matters<br />

because the judges were also<br />

on trial like never in the annals of<br />

our immediate history.<br />

All eyes on the Judiciary took<br />

a life of its own and dominated<br />

our national consciousness<br />

such that it deserves to pass as<br />

the phrase of the year because<br />

never in the history of this nation<br />

has this arm of government<br />

brought to the cleaners and<br />

public ridicule. But why has<br />

it suffered this magnitude of<br />

disrepute, one wonders, and<br />

is the judicial arm an equal<br />

arm of government or a mere<br />

errand boy for the executive in<br />

the context of the doctrine of<br />

separation of power?<br />

So far, the tribunals have<br />

invalidated some victories at<br />

the State Houses, National<br />

Assembly, NASS, and out of<br />

the 18 gubernatorial electoral<br />

cases adjudicated, two sitting<br />

governors are red-carded, but<br />

matters are proceeding to the<br />

Supreme Court. In all of these,<br />

there seems to be this air of<br />

discontentment and demand<br />

for more blood on the dance<br />

floor of Nigerian politics, and<br />

the angst in the atmosphere is<br />

palpable, demanding the head<br />

of the judicial arm be dragged<br />

to the guillotine.<br />

From the First Republic,<br />

the legendary Chief Obafemi<br />

Awolowo challenged the<br />

outcomes of the elections till the<br />

1983 presidential election, which<br />

was won again for the second<br />

time by Alhaji Shehu Shagari<br />

of the NPN and that election<br />

branded the mother of fraud, yet<br />

the Supreme Court held it legit<br />

with only Justice Kayode Esho<br />

being the dissenting voice on<br />

26 September 1979 – the verdict<br />

for the first tenure. Since the<br />

Fourth Republic, all presidential<br />

election disputations have<br />

gone up to the Supreme Court<br />

except Goodluck Jonathan, who<br />

conceded to General Buhari<br />

before the final whistle.<br />

The elections that brought<br />

Umaru Yar’Adua, Goodluck<br />

Jonathan, Muhammadu Buhari,<br />

and now Bola Tinubu are all<br />

alleged to be fraughted with<br />

irregularities on a massive<br />

scale, but at all points (while we<br />

wait for this present case), the<br />

Supreme Court cleared and<br />

legitimatised those victories.<br />

Fundamentally, something<br />


is wrong somewhere because<br />

most of the judgements do not<br />

reflect the moods and realities<br />

on the ground, and again, legal<br />

experts are shouting from the<br />

mountaintop that the law is not<br />

emotionally-driven, it thrives on<br />

hard-core evidence, and where<br />

there is none or not sufficiently<br />

proven, mere articulations<br />

and excellence of speech are<br />

merely playing to the gallery<br />

and exciting the uninitiated<br />

in the temple of justice. Some<br />

believe that judges should be<br />

discretional, but medical doctors<br />

must follow the rules, or else the<br />

patient dies, if you do not get it,<br />

forget about it.<br />

So, here we are as a people,<br />

confronted with the same postelection<br />

tribunal disorder stress<br />

and many are hoping that the<br />

Supreme Court will contradict<br />

the appellate courts, which has<br />

not happened in our lifetime and<br />

may likely not happen because<br />

it is either the legal teams of<br />

the oppositions/losers have not<br />

broken the code or organise<br />

their evidence beyond all<br />

reasonable doubts, otherwise,<br />

there is more to Presidential<br />

12<br />

Accomplish Magazine

FEATURE &<br />


Muhammadu Buhari<br />

Goodluck Jonathan<br />

The beauty of any democracy<br />

is the rule of law, but the<br />

custodians of such ideal that<br />

is the judicial arm, are glorified<br />

errand boys, broken, insulted,<br />

disparaged and incapacitated<br />

by the deliberate acts of the<br />

other organs, then it is a long<br />

walk to freedom as Nelson<br />

Mandela mused.<br />

We must rise to the occasion<br />

to demand absolute immunity<br />

for the Chief Justice of the<br />

Federal and States Chief Judges<br />

and total financial autonomy for<br />

this bastion arm of government<br />

– the Judiciary. Otherwise, let us<br />

remain with this democrazy (the<br />

demonstration of craze) and live<br />

with whatever verdicts coming<br />

from the courts!<br />

election verdict Nigerians are<br />

not aware of.<br />

So, the problems with the<br />

outcomes from the courts are<br />

endemic and self-inflicted by our<br />

collective docility and the oncein-four-years<br />

placards carrying<br />

and mouthy agitations. As it is<br />

today, the judicial arm is a mere<br />

tool in the hands of any ruling<br />

government to frustrate the<br />

development of democracy in<br />

Nigeria, and it did not start with<br />

Asiwaju Tinubu and will not end<br />

with him even when the CJN was<br />

in the news shouting that this<br />

arm is not a toothless bulldog,<br />

but it seems they like bones too<br />

much.<br />

Why should the Chief Justice<br />

of the Federation, CJN, be at the<br />

beck and call of Mr. President,<br />

and the State Chief Judges<br />

be the errand boys of the<br />

Governors? Should their budget<br />

be tied to the executive, and is<br />

immunity the sole preserve of<br />

only the President, Governors<br />

and Deputy Governors in a<br />

country like Nigeria, we expect<br />

any form of checks and<br />

balances where other arms of<br />

government are being hounded,<br />

harassed, embarrassed and<br />

thrown out by the executives<br />

because of control of state<br />

resources, and even at the<br />

last dispensation, members of<br />

the National Assembly voted<br />

against immunity for the Senate<br />

President and the Speaker.<br />

The judicial autonomy is<br />

a mirage in our democracy,<br />

even when it was enshrined in<br />

the constitution but breached<br />

in practice, so their financial<br />

freedom and welfare remain<br />

crucial to the development of<br />

democracy in Nigeria, and this<br />

should be on first line charge<br />

from the national budget, but<br />

resisted by the executive for<br />

clear-cut reasons – CONTROL!<br />

The French philosopher Baron<br />

Montesquieu will turn in his grave<br />

when he sees what has become<br />

of the doctrine of the separation<br />

of power in Nigeria, and we can<br />

put all our eyes on the justices or<br />

judges till thy Kingdom come, he<br />

who pays the piper dictates the<br />

drumbeats, and he who keeps<br />

the purse can also transmute<br />

into a Judas to keep our brand<br />

of democracy, crippled and<br />

worthless.<br />

Dave<br />

Baro-Thomas<br />


A Banker, Special Project<br />

Executive (BusinessDay<br />

Media) and Event/Conferences<br />

Manager (Vanguard<br />

Newspapers). A Producer, Editor,<br />

Author/Publisher, (Development<br />

Post & Agrobusiness Times)<br />

Columnist, Voice-over artist,<br />

Content Specialist (Pan<br />

Atlantic University), Trainer,<br />

and Media Entrepreneur<br />

(GreenStel Communication/<br />

Zemeef Communications) with<br />

a strong flare for marketing and<br />

research.<br />

Accomplish Magazine 13


Revolutionizing<br />

Telecoms & Promoting<br />

Effective Governance<br />

Mo Ibra<br />

14<br />

Accomplish Magazine

him<br />

Accomplish Magazine 15


By Damian Ikenna Ngere<br />

Meet Sir Mohammed Fathi Ahmed Ibrahim<br />

KCMG, more commonly known as<br />

Mo Ibrahim, a Sudanese-born British<br />

entrepreneur and philanthropist who has left<br />

a profound mark on the African continent.<br />

This Sudanese-British billionaire businessman<br />

initially embarked on a career that included<br />

employment with various telecommunications<br />

firms. Eventually, he founded Celtel, a venture<br />

that, upon its sale, boasted an impressive<br />

subscriber base of over 24 million mobile phone<br />

users across 14 African nations.<br />

Mo Ibrahim is not only the founder of one<br />

of Africa’s largest mobile phone companies<br />

but also the visionary behind the distinguished<br />

Ibrahim Prize for Achievement in African<br />

Leadership. His journey is a testament to the<br />

transformative power of entrepreneurship and<br />

a deep commitment to improving the lives of<br />

people across the African continent.<br />

Early Life and Education<br />

Mo Ibrahim, the son of a menial clerk, was born<br />

in Sudan on 3rd May 1946 (77 years old) and later<br />

moved to Egypt with his family. Mo’s academic<br />

journey started in Egypt when he chose to enrol in<br />

Alexandria University’s engineering program. This<br />

choice would give him essential knowledge that<br />

would greatly impact his career in the telecom<br />

industry. After completing his undergraduate<br />

degree with honors, Mo returned to his native<br />

Sudan and started working as an engineer for the<br />

state-run telecom provider Sudan Telecom.<br />

Fortunately, Mo Ibrahim had an insatiable<br />

Entrepreneurial Journey<br />

Mo Ibrahim’s entrepreneurial spirit soared<br />

in 1983 when he left academia to become<br />

the technical director of Cellnet, which would<br />

later become O2, a company responsible for<br />

wireless operations in the UK. In 1989, he decided<br />

curiosity. His academic career took a fresh turn<br />

in 1974 when he moved to England. Following his<br />

enrollment, he worked hard to earn a master’s<br />

degree in electronics and electrical engineering<br />

at the University of Bradford. Mo’s unquenchable<br />

curiosity took him to the University of Birmingham,<br />

where he eventually earned a Ph.D. in mobile<br />

communications, but this was only the beginning.<br />

He willingly shared his knowledge by teaching<br />

at Birmingham, in addition to gaining more<br />

information himself.<br />

to start his own venture and founded Mobile<br />

Systems International, a company specializing<br />

in designing mobile networks. In 2000, he sold<br />

the company to Marconi, a telecommunications<br />

company, for over $900 million.<br />

The Birth of Celtel International: Creating<br />

a Mobile Network for Africa<br />

While still involved with Mobile Systems<br />

International, Mo Ibrahim recognized a critical<br />

gap in the African telecommunications sector -<br />

the absence of a pan-African mobile telephone<br />

network. In response, he founded MSI Cellular<br />

Investments in 1998, later renamed Celtel<br />

International. Mo’s vision for Celtel was unique. He<br />

established a business plan that was built on the<br />

principle of refusing to give or accept bribes - a<br />

stark contrast to the standard practices of many<br />

African companies.<br />

16<br />

Accomplish Magazine

Celtel’s Rapid Growth<br />

Celtel International embarked on a remarkable<br />

journey of rapid expansion, ultimately securing<br />

its position as one of Africa’s foremost mobile<br />

communications service providers. With their<br />

network coverage spanning over a dozen African<br />

nations, Celtel touched the lives of hundreds of<br />

millions of individuals. In a monumental business<br />

transaction that reverberated through the<br />

corporate world, Mo Ibrahim orchestrated the<br />

sale of Celtel to MTC Kuwait in 2005, commanding<br />

an astonishing $3.4 billion for the company.<br />

Remarkably, he remained at the helm as the<br />

company’s chairman until his well-deserved<br />

retirement in 2007.<br />

At the time of this momentous sale, Celtel’s<br />

operational footprint extended across 15<br />

African countries, operating under licenses that<br />

encompassed more than a third of the continent’s<br />

population. The company had dedicated over<br />

$750 million in investments in Africa, a testament<br />

to their commitment to delivering the advantages<br />

of mobile communications to millions of people<br />

across the continent.<br />

An Investment in Africa’s Future:<br />

Satya Capital Limited<br />

Beyond the world of technology and<br />

telecommunications, Dr. Mo Ibrahim’s influence<br />

extends into the world of investment. He is the<br />

Founding Chairman of Satya Capital Limited,<br />

a private investment firm primarily focused on<br />

Africa. Through this endeavor, he continues to<br />

drive economic growth and development across<br />

the continent.<br />

Accomplish Magazine 17


Philanthropic Efforts<br />

After his successful entrepreneurial journey, Ibrahim turned his<br />

attention to investing and philanthropy. In 2006, he founded the Mo<br />

Ibrahim Foundation with the aim of promoting good governance<br />

in African countries. The foundation introduced the Ibrahim<br />

Index, a rating system that holds governing bodies accountable.<br />

Additionally, the foundation awards the Ibrahim Prize to African<br />

leaders who meet the established standards. The prize, valued at $5<br />

million, is the largest individual prize in the world.<br />

Continued Impact<br />

Dr. Mo Ibrahim is not only an expert in mobile communications<br />

but also a passionate advocate for African development and<br />

governance. He has played a leading role in various global<br />

initiatives and has received recognition for his contributions. TIME<br />

magazine listed him as one of the 100 most influential people in<br />

the world. He has also been honored with numerous awards and<br />

honorary degrees from prestigious academic institutions.<br />

Recognitions and Honors<br />

Dr. Ibrahim’s remarkable achievements are underscored by the<br />

many honorary degrees and fellowships bestowed upon him by<br />

renowned academic institutions. His accolades include recognition<br />

from esteemed universities such as the University of Birmingham,<br />

Bradford University, De Montfort University - Leicester, Imperial<br />

College - London, London Business School, Oxford University, Royal<br />

Academy of Engineering, SOAS - University of London, University of<br />

Pennsylvania, and Lancaster University.<br />

In addition to his academic recognition, Dr. Ibrahim has been<br />

the recipient of numerous prestigious awards. Notable among<br />

these are The GSM Association’s Chairman’s Award for Lifetime<br />

Achievement in 2007, The Economist Innovation Award for Social &<br />

Economic Innovation in the same year. In 2008, he was honored with<br />

the BNP Paribas Prize for Philanthropy, and in 2009, he received the<br />

Oslo Business for Peace Award.<br />

The accolades continued with the Raymond Georis Prize for<br />

Innovative Philanthropy in Europe in 2010, followed by the Clinton<br />

Global Citizen Award and the Millenium Excellence Award for<br />

Actions in Africa in 2010 and 2012, respectively. In 2012, Dr. Ibrahim<br />

was also recognized with the David Rockefeller Bridging Leadership<br />

Award, and in 2013, he received the Africare Leadership Award.<br />

In June 2013, he was honored with the Kiel Institute Global<br />

Economy Prize, and in May 2014, he received the Eisenhower<br />

Medal for Distinguished Leadership and Service. The Foreign<br />

Policy Association Medal was<br />

presented to him in June 2014,<br />

and in 2015, he was awarded<br />

the International Republican<br />

Institute (US) Freedom Award as<br />

well as the Danish CSR Honor<br />

Prize.<br />

Dr. Ibrahim’s commitment to<br />

philanthropy and leadership<br />

was further acknowledged with<br />

a second David Rockefeller<br />

Bridging Leadership Award in<br />

2017. In <strong>2023</strong>, he was appointed<br />

Knight Commander of the Order<br />

of St. Michael and St. George<br />

(KCMG) in the New Year Honours,<br />

recognizing his outstanding<br />

contributions to charity and<br />

philanthropy.<br />

18<br />

Accomplish Magazine

Shaping Africa-Europe<br />

Relations<br />

Dr. Mo Ibrahim’s commitment to forging strong ties<br />

between Africa and Europe is exemplified through his<br />

role as the Co-founder and Co-chair of the Africa Europe<br />

Foundation. Launched in 2020, this foundation aims to reset<br />

and strengthen Africa-Europe relations, furthering the vision<br />

of a united and prosperous future for both continents.<br />

Ibrahim Index of<br />

African Governance<br />

(IIAG): Exploring Africa’s<br />

Governance through the<br />

Lens of IIAG<br />

Introduction to<br />

the IIAG<br />

The Ibrahim Index of African<br />

Governance, initiated by the Mo<br />

Ibrahim Foundation, is a valuable<br />

resource that plays a pivotal role<br />

in assessing governance across<br />

the African continent. Established<br />

in 2007, this index provides a<br />

holistic approach to measuring<br />

the quality of governance in<br />

African countries. By offering a<br />

data-driven evaluation, it has<br />

become a key reference point<br />

for scholars, policymakers, and<br />

anyone interested in the progress<br />

of African nations.<br />

Methodology<br />

and Metrics<br />

The IIAG employs a meticulous<br />

methodology that encompasses<br />

four key categories and 102<br />

indicators to assess governance.<br />

These categories are:<br />

Safety and Rule of Law: This<br />

category evaluates factors like<br />

personal safety, the rule of law, and<br />

the security of property and human<br />

rights in a country. It’s an essential<br />

component in understanding the<br />

overall governance climate.<br />

Participation and Human Rights:<br />

Participation and respect for<br />

human rights are crucial indicators<br />

of good governance. The IIAG<br />

measures these aspects, including<br />

the freedom of expression,<br />

assembly, and association.<br />

Sustainable Economic<br />

Opportunity: Economic conditions<br />

and opportunities are central<br />

to the well-being of any nation.<br />

The IIAG examines economic<br />

factors, including infrastructure,<br />

business environment, and public<br />

management.<br />

Human Development: Human<br />

development indicators, such as<br />

health, education, and welfare,<br />

provide insights into the overall<br />

quality of life. The IIAG considers<br />

these aspects in its evaluation.<br />

Accomplish Magazine 19

Data<br />

Collection<br />

and Analysis<br />

The IIAG’s data collection<br />

process is thorough and<br />

consistent, relying on multiple<br />

sources, including reputable<br />

institutions like the World Bank,<br />

African Development Bank,<br />

and the United Nations. This<br />

extensive data pool ensures the<br />

accuracy and reliability of the<br />

index’s findings.<br />

To further elucidate the<br />

data collection process, we<br />

can represent it graphically as<br />

follows:<br />

This diagram illustrates<br />

the flow of data from various<br />

sources to the final IIAG report,<br />

demonstrating the meticulous<br />

nature of the process.<br />

Importance<br />

and<br />

Implications<br />

The IIAG holds a significant<br />

position in assessing<br />

governance in Africa. By<br />

providing a detailed and<br />

multidimensional perspective<br />

on the state of governance, it<br />

serves several critical purposes:<br />

Accountability: It holds<br />

governments accountable<br />

for their performance in key<br />

governance areas, driving<br />

improvements in governance<br />

quality.<br />

Policy Formation:<br />

Policymakers rely on the<br />

IIAG to identify areas that<br />

require attention and policy<br />

reform, leading to enhanced<br />

governance structures.<br />

Investor Confidence: The<br />

IIAG’s insights are invaluable<br />

to investors looking to allocate<br />

resources in African countries,<br />

promoting economic growth<br />

and development.<br />

2022 IIAG framework (to sub-category level)<br />

Highlighting Africa’s citizens’<br />

voices<br />

As citizens stand as the ultimate beneficiaries of public<br />

leadership and governance, the evaluation of governance<br />

performance must be firmly grounded in outcomes for the people<br />

and should not solely rely on official or expert assessments.<br />

Since the inception of the IIAG, the Mo Ibrahim Foundation (MIF)<br />

20<br />

Accomplish Magazine

SOURCE: https://mo.ibrahim.foundation/iiag<br />

has been actively collaborating<br />

with Afrobarometer, the premier<br />

pan-African research institution<br />

that conducts surveys to<br />

gauge public sentiment on<br />

the continent. The 2020 IIAG<br />

framework further elevated the<br />

prominence of these efforts.<br />

Previously scattered throughout<br />

various aspects of the IIAG,<br />

citizens’ evaluations of different<br />

governance aspects are now<br />

prominently featured in a<br />

dedicated section. This section<br />

serves as a comprehensive<br />

“reality check” to complement<br />

the IIAG’s findings.<br />

This section mirrors the IIAG’s<br />

categories and offers public<br />

perception data on aspects<br />

closest to the IIAG’s metrics,<br />

establishing itself as a crucial<br />

reference within the IIAG.<br />

It allows for the<br />

contextualization of results<br />

in the real-world context, as<br />

perceived by the citizens. It is<br />

important to note, however, that<br />

these scores are not factored<br />

into the calculation of the<br />

Overall Governance score.<br />

Accomplish Magazine 21


Mo Ibrahim<br />

Special:<br />

Top 60 Quotes<br />

1) I am not a politician. I<br />

am not in politics. I’m just a<br />

citizen.<br />

2) Intimidation,<br />

harassment and violence<br />

have no place in a<br />

democracy.<br />

3) Mobile phones play a<br />

wonderful role in enabling<br />

civil society. They are a<br />

wonderful political tool as<br />

well as empowering people<br />

economically and socially.<br />

4) Cape Verde produces<br />

good people.<br />

5) The African<br />

Development Bank is one<br />

of the most aggressive<br />

advocates of regional<br />

integration.<br />

6) The way forward for<br />

Africa is investment.<br />

7) I don’t subscribe to<br />

the narrative that Africa<br />

is backwards because of<br />

colonialism.<br />

8) Roads are not practical<br />

in Africa.<br />

9) Business people get<br />

many undeserved prizes<br />

- golden parachutes<br />

and bonuses even when<br />

companies fail. I don’t think<br />

people should get rewarded<br />

for screwing up.<br />

10) People never confess<br />

to failure. They should.<br />

11) A narrative that<br />

branded Africa as little more<br />

than an economic, political<br />

and social basket case<br />

was not likely to provide the<br />

investment needed to drive<br />

development.<br />

12) Almost every country<br />

in Africa has now instituted<br />

multi-party democracy.<br />

13) Far from being<br />

hopeless, Africa is full of<br />

hope and potential, more<br />

so than any other continent.<br />

The challenge is to ensure<br />

that its potential is utilized.<br />

14) I don’t have heroes in<br />

business; I never looked up<br />

to business people.<br />

15) Africa has 53 countries.<br />

And you find that three or<br />

four countries in these 53 are<br />

dominating the news.<br />

16) We need to look at<br />

ourselves first. We should<br />

practice what we’re<br />

preaching. Otherwise, we<br />

are hypocrites.<br />

17) We need to<br />

keep pressure on<br />

our governments to<br />

force more and more<br />

transparency.<br />

18) What is a<br />

government supposed<br />

to do for its people? To<br />

improve the standard of<br />

living, to help them get<br />

jobs, get kids to schools,<br />

and have access to<br />

medicine and hospitals.<br />

The government may not<br />

directly provide these<br />

public goods and services,<br />

but the government<br />

must be accountable for<br />

whether or not they are<br />

delivered to citizens.<br />

19) Africa is rich, and<br />

why are we poor if our<br />

22<br />

Accomplish Magazine

continent is rich? It is not<br />

right.<br />

20) All we hear about<br />

Africa in the West is Darfur,<br />

Zimbabwe, Congo, Somalia,<br />

as if that is all there is.<br />

21) I left Sudan when I was<br />

25 or 26 years old. If I had<br />

stayed, I would never have<br />

become an entrepreneur.<br />

You can have the qualities,<br />

but if you don’t have the<br />

environment, you wither<br />

away. It’s like a fish: take it<br />

out of the water; it will not<br />

survive.<br />

22) I came to the<br />

conclusion that you must<br />

be ruled properly to move<br />

forward. Everything else is<br />

second. Everything.<br />

23) From my father, I learnt<br />

kindness and how to talk<br />

straight.<br />

24) Sudan has been<br />

an experiment that<br />

resonated across Africa:<br />

if we, the largest country<br />

on the continent, reaching<br />

from the Sahara to the<br />

Congo, bridging religions,<br />

cultures and a multitude<br />

of ethnicities, were able<br />

to construct a prosperous<br />

and peaceful state from<br />

our diverse citizenry, so too<br />

could the rest of Africa.<br />

25) Increasing<br />

extremism - across Africa<br />

and the world - must be<br />

understood in the context<br />

of the failure of our leaders<br />

to manage diversity within<br />

their borders.<br />

26) Educational<br />

opportunities have<br />

supported the rise of the<br />

African middle class, the<br />

professional cadre of<br />

young people who are<br />

now willing and able to<br />

contribute to Africa’s<br />

future prosperity.<br />

27) I don’t even have a<br />

small boat. I don’t even<br />

have a toy boat in my<br />

bathtub. I don’t have<br />

a biplane; I don’t have<br />

anything. Those things<br />

are toys, and I don’t need<br />

them to be happy.<br />

28) In the final analysis,<br />

finding a way to do clean<br />

business and not pay<br />

bribes actually improves<br />

your bottom line.<br />

Accomplish Magazine 23

29) The rule of law is the<br />

most important element in<br />

any civil society.<br />

30) The issue with<br />

international institutions<br />

is that there needs to be<br />

more legitimacy. Trust in<br />

these institutions is a serious<br />

problem.<br />

31) Behind every corrupt<br />

politician are 10-20 corrupt<br />

businessmen.<br />

32) Remarkably,<br />

governments are beginning<br />

to embrace the idea<br />

that nothing enhances<br />

democracy more than giving<br />

voice and information to<br />

everybody in the country.<br />

Why not open their books if<br />

they have nothing to hide?<br />

33) Mobile phones could<br />

only work in Africa with<br />

prepaid because it’s a cash<br />

society.<br />

34) I ended up being a<br />

businessman unwittingly. I<br />

wanted to be an academic; I<br />

wanted to be like Einstein.<br />

35) More people smile at<br />

me, and now I’m richer.<br />

36) If Sudan starts to<br />

crumble, the shock waves<br />

will spread.<br />

37) The fight against<br />

Ebola must uphold the fight<br />

against poverty.<br />

38) The problem is that<br />

people often suspend<br />

their common sense<br />

because they get drowned<br />

in business models and<br />

Harvard Business School<br />

teachings.<br />

39) Of course, Nelson<br />

Mandela, everybody knows<br />

Nelson Mandela. He’s a<br />

great gift not only for Africa<br />

but for the whole world. But<br />

do not expect everybody to<br />

be a Nelson Mandela.<br />

40) African leaders work<br />

under severe limitations and<br />

constraints.<br />

41) We measure everything<br />

- why not governance?<br />

42) Every man, woman<br />

and child knows about<br />

Mugabe, but people say,<br />

‘Mogae, who is that?’<br />

43) Africa’s success stories<br />

deliver the whole range<br />

of the public goods and<br />

services that citizens have<br />

a right to expect and are<br />

forging a path that more will<br />

follow.<br />

44) Young people are<br />

better educated. They<br />

grew up in a society which<br />

is well-connected and<br />

well-informed. They can<br />

communicate with one<br />

another to know what is<br />

happening.<br />

45) Africa was perceived<br />

- it still is to some extent - as<br />

a very difficult place to do<br />

business in. I don’t share<br />

that view.<br />

46) Nobody messes with<br />

China; nobody messes<br />

with the United States or<br />

with Europe because these<br />

are really big entities with<br />

a lot of clouts and a lot of<br />

economic power. They have<br />

a place at the table.<br />

47) Computers are very<br />

expensive and need power,<br />

which can be a problem in<br />

Africa.<br />

24<br />

Accomplish Magazine

57) I never set out really<br />

to build a financial empire<br />

or to be a wealthy man.<br />

58) If economic progress<br />

is not translated into<br />

better quality of life and<br />

respect for citizens’ rights,<br />

we will witness more Tahrir<br />

Squares in Africa.<br />

59) Africa is<br />

underpopulated. We<br />

have 20% of the world’s<br />

landmass and 13% of its<br />

population.<br />

60) The leakage of<br />

information means<br />

you’ll be able to read<br />

everybody’s e-mail.<br />

48) We cannot expect<br />

loyalty to an unjust regime.<br />

49) Nobody in Africa<br />

loves to be a beggar<br />

or a recipient of aid.<br />

Everywhere I go in Africa,<br />

people say, ‘When are we<br />

going to stand up on our<br />

feet?’<br />

50) Remember, 2000 was<br />

the year of the dot-com<br />

bust. The telecom industry<br />

lost about $2 trillion in<br />

market capital then.<br />

51) It was a no-brainer<br />

that the cellular route<br />

would succeed in Africa.<br />

52) Sudan cannot afford<br />

to be on the wrong side<br />

of history. The North and<br />

South will have to work<br />

together, but will they?<br />

53) Africa should not face<br />

isolation or stigmatization<br />

again based on ignorance<br />

and unrepresentative<br />

imagery.<br />

54) Experience shows<br />

that overall development<br />

becomes unsustainable<br />

when political governance<br />

and economic management<br />

diverge.<br />

55) When you ask people<br />

what they think of Africa,<br />

they think of AIDS, genocide,<br />

disasters, famine.<br />

56) Botswana had three<br />

successive good presidents<br />

who served their legal<br />

terms and did well for their<br />

countries - three, not one.<br />

Harry Choms<br />


Harry Choms is a freelance<br />

writer with a passion for<br />

words and a keen eye for<br />

details, an editor, and<br />

an avid tech believer.<br />

His works can be seen<br />

on EntrepreneurNG.<br />

com, Imautomator,<br />

Secureblitz, Withinnigeria,<br />

Feelgospel, Kemifilani, and<br />

Glamsquad Magazine. He<br />

is the Webmaster and sole<br />

owner of Matrismart.com<br />

and biowiki.com.ng.<br />

Accomplish Magazine 25

Picture<br />

Halima Dangote, Mo Ibrahim,<br />

and Aliko Dangote<br />

With Ivory Coast’s President Alassane Ouattara<br />

Mo Ibrahim honoured as Knight<br />

Commander of the Order of St Michael<br />

and St George by the Princess Royal at<br />

Buckingham Palace<br />

With son Hosh and daughter Hadeel<br />

With former South African president<br />

Nelson Mandela<br />

Wealthy Nigerians Urged To Support Fight<br />

Against Insecurity As Jim Ovia Foundation<br />

Boosts Police Facilities In Agbor<br />

26<br />

Accomplish Magazine

With Micheal Milken<br />

Satya Capital Limited founding partner, Mo Ibrahim; Tsega<br />

Gebreyes, managing partner, Satya; and Bill McGlashan,<br />

founder and managing partner, TPG Growth<br />

Mo Ibrahim (2nd from Left) and guests<br />

attend the 2013 Focus For Change gala<br />

benefiting WITNESS at Roseland Ballroom<br />

Damian<br />

Ikenna Ngere<br />

The Ibrahim Leadership Fellowships<br />

were established in 2011 to identify<br />

and mentor the future generation of<br />

outstanding African leaders.psd<br />


Ikenna is a graduate of Physics<br />

and Education, who works as a<br />

freelance writer. He has interest in<br />

technology, humanity and sports.<br />

Accomplish Magazine 27

Africa<br />

and the<br />

Ibrahim<br />

Prize for<br />

Leadership<br />

By Diiyi William-West<br />

The Ibrahim Prize for<br />

Leadership, which is one of<br />

the change-agents under<br />

the aegis of the Mo Ibrahim<br />

Foundation, stands on a<br />

unique pedestal with its<br />

primary goal of driving<br />

the much-desired good<br />

governance in Africa. The<br />

Foundation, founded in 2006,<br />

created the award to serve<br />

as a beacon of guidance<br />

which every discerning<br />

African who truly desires<br />

accountable governance<br />

on the continent should<br />

use to gauge his and other<br />

people’s contributions to<br />

governance. Mo Ibrahim has<br />

used the award to stir deep<br />

rethink and discourses on<br />

the subject of leadership<br />

praxis - negative, positive or<br />

otherwise – on the continent,<br />

particularly now that global<br />

attention is increasingly<br />

turning to Africa.<br />

The Ibrahim Prize (as it’s<br />

also referred to) signifies a<br />

commitment to recognising<br />

and rewarding exemplary<br />

leadership. By paying<br />

attention to this prize,<br />

Africans can actively engage<br />

in shaping the narrative of<br />

leadership in their respective<br />

countries. This time, not from<br />

the skewed perspectives that<br />

have tainted administration<br />

after administration in<br />

almost every country on<br />

the continent; instead,<br />

the narrative should be<br />

based on the standards<br />

of modern, objective best<br />

global practices. The Ibrahim<br />

Prize is much more than<br />

a mere accolade; it’s a<br />

catalyst for positive change.<br />

By acknowledging and<br />

celebrating leaders who<br />

demonstrate excellence,<br />

the prize encourages a<br />

culture of responsible<br />

governance, fostering the<br />

growth and development<br />

Africa earnestly deserves. It’s<br />

a call for citizens to demand<br />

and expect leadership that<br />

prioritises the well-being and<br />

progress of the people.<br />

Leadership plays a<br />

significant role in influencing<br />

better leadership in Africa. By<br />

providing a substantial financial<br />

reward and recognition to<br />

former African heads of state<br />

who have demonstrated<br />

exceptional leadership, the<br />

prize creates a powerful<br />

incentive for leaders to prioritise<br />

good governance, democracy,<br />

and human rights.<br />

Unlike most awards, the<br />

Ibrahim Prize, which offers a<br />

whopping US$5 million cash,<br />

the largest cash award for<br />

leadership globally, is not<br />

just a symbol of achievement<br />

but serves as a practical<br />

tool to encourage positive<br />

behaviour and equally positive<br />

choices in policy formulation<br />

and implementation among<br />

current and upcoming leaders.<br />

It sends a message that<br />

excellence in governance<br />

is not only appreciated<br />

but also rewarded; that is,<br />

appreciation during the tenure<br />

of administration and rewarded<br />

28<br />

Accomplish Magazine

after the leaders are out of<br />

power – which is the prize’s<br />

unique selling point – a rarity<br />

in many respects. Again, the<br />

visibility of the prize contributes<br />

to raising the standards of<br />

leadership, fostering a sense of<br />

accountability among current<br />

and future leaders.<br />

Of particular importance<br />

is the criteria that the<br />

aspiring awardee will leave<br />

power voluntarily, adhere to<br />

constitutional term limits, and<br />

demonstrate leadership that<br />

improves the political, economic<br />

and social experience of his or<br />

her compatriots while in office<br />

and setting a benchmark for<br />

what is expected from leaders.<br />

Indeed, the Ibrahim Prize is not<br />

the only issue hammering on<br />

positive, country transforming<br />

governance across Africa but<br />

it is clear that it has become<br />

an indispensable agent<br />

intentionally insisting on higher<br />

standards of leadership praxis<br />

and better outcomes in African<br />

governance.<br />

Conclusion<br />

Looking at the prevailing<br />

and often disturbing level<br />

of corruption, nepotism,<br />

gangsterism, selfaggrandisement,<br />

political<br />

thuggery, shameless and<br />

heartless bloodletting for<br />

political, ethnic and religious<br />

reasons and repeated barefaced<br />

judicial chicanery<br />

which foists persons fit for<br />

disqualification as leaders of<br />

different tiers of governance<br />

all over Africa, it is necessary<br />

for Africans, wherever they<br />

are resident, to pay attention<br />

to the significance of the<br />

Ibrahim Prize for Leadership.<br />

By paying attention to the<br />

prize, Africa can highlight<br />

and encourage effective<br />

leadership, fostering a<br />

positive trajectory for<br />

the continent’s political<br />

landscape. This call is an<br />

open call for consistent,<br />

accountable leadership<br />

that can pave the way for<br />

sustainable development<br />

and prosperity.<br />

Diiyi<br />

William-West<br />


More fondly known as<br />

DDWEST, he has several<br />

years of media practice<br />

experience spanning<br />

magazines, newspapers,<br />

television and radio; laying<br />

emphasis on maintaining<br />

standards in media practice.<br />

He practised and lectured<br />

Public Relations for nearly<br />

a decade before going into<br />

leadership consulting and<br />

real estate consultancy.<br />

Accomplish Magazine 29

President Tinubu’s<br />

Slave Economics<br />

Will Provoke a<br />

Haiti-type<br />

Revolution<br />

By Prince Justice Faloye<br />

President Tinubu claimed<br />

that our $10b fuel subsidies<br />

were too expensive and<br />

removed them, which has led<br />

to galloping inflation, while the<br />

United States government’s<br />

Inflation Reduction Act (IRA) is<br />

paying out $369 billion in energy<br />

subsidies. Our London-Chicago<br />

politicians turned subsidies<br />

into a dirty word, but the United<br />

Kingdom spent £258bn on<br />

subsidies across the economy<br />

in 2020/21, representing about<br />

23 percent of all government<br />

spending. It is basic economics<br />

that subsidies provide huge<br />

multiplier effects to stimulate<br />

consumer demand and local<br />

production, while Tinubu<br />

subsidy removal has killed the<br />

economy and he only wants to<br />

use redenomination to hide the<br />

corpse. Mental slavery is so bad<br />

it can make you self-destructive<br />

and even commit suicide.<br />

For political survival, the<br />

political leadership of Western<br />

nations, led by revolutionprone<br />

France, introduced an<br />

array of subsidies, following<br />

the Russian Revolution. Even<br />

though energy and transport<br />

subsidies are at the foundation<br />

of Western mercantilist<br />

economies, to avert revolutions<br />

across Western nations in the<br />

mid-1900s, they paid out huge<br />

housing subsidies which is why<br />

they have neat rows of houses<br />

across their cities built around<br />

the same time. Subsidies were<br />

paid for employment, health,<br />

transport and agriculture to<br />

stop price fluctuations that kill<br />

agriculture, but African leaders<br />

fall for upside-down economic<br />

theories prescribing subhuman<br />

conditions for Blacks, to<br />

arrest and exploit us in modern<br />

economic slavery.<br />

Like with the Native Labour<br />

Supply Theory, the backward<br />

bending supply curve, to<br />

justify low Black wages, it<br />

was postulated that Black<br />

people are genetically lazy<br />

and couldn’t be motivated<br />

after a certain level of wages<br />

to supply more labour, current<br />

day Eurocentric scholars and<br />

politicians postulate a body of<br />

self-destructive and povertyperpetuating<br />

policies. One can’t<br />

but wonder which International<br />

Monetary Fund (IMF) economic<br />

rule book informed Tinubu to<br />

remove the $10 billion subsidy<br />

which was just 2% of our gross<br />

domestic product (GDP) which<br />

led to multiplier effects of over<br />

33% in the economy, when the<br />

latest IMF report estimates<br />

that 6.5% of global GDP ($5.2<br />

trillion) was spent on fossil fuel<br />

subsidies in 2017, a half trillion<br />

dollar increase since 2015.<br />

Who are Nigeria’s economic<br />

models if not the world’s largest<br />

subsidisers that include China<br />

($1.4 trillion in 2015), the United<br />

States ($649 billion) and Russia<br />

($551 billion)? The International<br />

Energy Agency estimated<br />

that so-called consumption<br />

subsidies for fossil fuels across<br />

the world doubled in 2022 to<br />

$1 trillion globally. The agency<br />

30<br />

Accomplish Magazine

FEATURE &<br />



tracked some $634 billion in<br />

energy-sector subsidies in 2020,<br />

and found that around 70% were<br />

fossil fuel subsidies.<br />

Some analysts state that the<br />

United States has subsidised<br />

its energy sources for the last<br />

100 years which enabled it to<br />

grow into an industrial world<br />

power. As an Africanist, I am<br />

quick to remind them that<br />

even before the use of fuel for<br />

engines that came with the<br />

1800s Industrial Revolution, when<br />

production was based on raw<br />

human strength, governments<br />

subsidised the importation of<br />

African slaves to drive their<br />

production! In addition to<br />

subsidising production, the<br />

government, from the mid-1900s,<br />

subsidised consumption, based<br />

on the understanding that<br />

you have to boost consumer<br />

demand of socially beneficial<br />

production.<br />

In over 60 Black African and<br />

Caribbean nations subjected to<br />

neo-liberal economic policies<br />

of subsidy removals and cutting<br />

government expenditures, not<br />

a single one has successfully<br />

uplifted its economy. It took<br />

the leadership of the Brazilian<br />

President, Lula DaSilva, to<br />

uplift the Brazilian economy<br />

by doing the opposite of IMF<br />

economic policies by increasing<br />

consumer demand through<br />

payment of subsidies to various<br />

sectors and classes which, in<br />

no time, resulted in the Brazilian<br />

economy overtaking the British<br />

economy to become the sixth<br />

largest economy in the world.<br />

So, despite Brazil’s obvious<br />

example, why has Tinubu<br />

embarked on an economicsuicide<br />

mission? Apart from<br />

conspiracy theories, this<br />

is a case of coloniality of<br />

knowledge (colomentality)<br />

and power sources (Western<br />

puppets governance). The<br />

coloniality of knowledge since<br />

independence has resulted, not<br />

only in the inability to efficiently<br />

manage the neo-colonial<br />

economy they inherited, but<br />

also inability to turn any Black<br />

economy into an industrial,<br />

self-sufficient economy. It is<br />

obvious that all developed<br />

nations launched into<br />

industrialisation by massive<br />

railway development, but<br />

Black Eurocentric scholars and<br />

politicians advocate plantation<br />

agriculture, reminiscent of<br />

America’s slave plantation<br />

economics.<br />

Post World War 2 Europeans<br />

pool their resources in World<br />

Bank/IMF to fund subsidies in<br />

White nations only, thereby<br />

creating a global financial<br />

caste system. Western<br />

economic dominance obviously<br />

Accomplish Magazine 31

dictates our commodity prices<br />

and financial terms, so how<br />

can African leadership, after<br />

60 years of independence, if<br />

it is true and real, continue to<br />

accept economically suicidal<br />

policies from IMF when opposite<br />

polices are obviously applied<br />

across the developed world?<br />

Why, if not the coloniality of<br />

power sources that resulted<br />

in ‘khakistocracy’, (rulership of<br />

the worst across Africa), has<br />

Nigeria, Africa’s most populous<br />

nation and largest market, not<br />

pushed for an African economic<br />

bloc that can compete with<br />

other blocs like the European<br />

Union, North American FTA,<br />

China etc, and now waiting<br />

on Brazil, Russia, India,<br />

and China (BRICS)?<br />

The IMF that stands<br />

for International<br />

Monetary Fund<br />

is actually the<br />

‘International<br />

Monetary Foreman’ in<br />

a world where Black<br />

Africans were moved<br />

from private slave<br />

plantations into national<br />

slave plantations, led<br />

by neo-colonist foremen<br />

parading as presidents,<br />

professors, armed forces and<br />

other sectoral foremen. Such<br />

African leadership can’t unify<br />

plantation nations that belong<br />

to Western colonists into a<br />

bloc. Different leaders react to<br />

the coloniality differently. For<br />

instance, Olusegun Obasanjo<br />

tried to double-play them but<br />

remained within the spectrum.<br />

Goodluck Jonathan’s team<br />

over-played them and got<br />

thrown out with corruption<br />

propaganda. Now, Tinubu plays<br />

along sheepishly for selfish<br />

ambition. Moreover, it is not that<br />

our scholars and rulers don’t<br />

know the implications of IMF’s<br />

debilitating economic policies,<br />

but like in the slave plantations,<br />

the foremen are exempted from<br />

life-threatening production<br />

techniques! In modern terms,<br />

the foremen find a way out<br />

through cost of governance<br />

and over-inflated contracts.<br />

The cost of governance in<br />

Nigeria is actually greater than<br />

the cost of fuel subsidies used<br />

to stimulate our productive<br />

sectors. In 2022, out of the<br />

Federal Government’s ₦16.3<br />

trillion budget, ₦6.8 trillion<br />

was spent on the payment of<br />

salaries and other personnel<br />

overheads. That rose, this year,<br />

to ₦8.5 trillion of the ₦21.82 trillion<br />

budgeted. Therefore, instead<br />

of cutting fuel subsidy<br />

to push millions of people into<br />

poverty, it is estimated that<br />

Nigeria can save ₦12 trillion<br />

annually from the merger<br />

of government’s ministries,<br />

departments, and agencies<br />

(MDAs) that have overlapping<br />

functions, as recommended by<br />

the Stephen Oronsaye report<br />

(2011/2013 on reduction of cost of<br />

governance.<br />

In the eight years of the All<br />

Progressives Congress (APC)<br />

administration at the centre,<br />

a whopping N59.2 trillion<br />

was wasted on overheads,<br />

personnel costs, and other<br />

items of recurrent expenditure.<br />

In addition to the bloated<br />

bureaucracy and outrageous<br />

salaries, we have abuse of<br />

office where relatives of people<br />

in the corridors of power use<br />

presidential jets and large<br />

security details for private<br />

purposes.<br />

For instance, during Buhari’s<br />

regime, only 19.7 per cent of the<br />

total budgetary spending, or<br />

₦14.5 trillion went into capital<br />

expenditure (CAPEX), out of<br />

which only about 30 per cent<br />

was actualised. Out of the<br />

actualised budget, construction<br />

projects cost about four times<br />

the World Bank benchmark<br />

prices. All these considered,<br />

if we can’t have a single<br />

operational petrol refinery<br />

in over sixty years of crude<br />

oil mining, it is not difficult<br />

to understand why we<br />

haven’t developed<br />

and will never develop<br />

in this neocolonist<br />

governance.<br />

Ultimately, the cost<br />

of governance and<br />

poor economic policies<br />

are passed onto the<br />

masses, blaming them<br />

for fuel subsidy fraud<br />

that necessitates its<br />

cancelation. Oil subsidy<br />

is the only subsidy that<br />

the Nigerian masses and<br />

producers enjoy from the<br />

tax-hungry government. In<br />

saner nations with patriotic<br />

leadership, there are subsidies<br />

for transportation - to produce<br />

or build the infrastructure or<br />

for the masses to use in public<br />

transportation through cheaper<br />

fares. Developed nations don’t<br />

only help to build car assembly<br />

plants and railway lines, they<br />

also ensure their sustainability<br />

by securing the local markets.<br />

Their governments ensure<br />

that all tiers of government<br />

patronise their locally<br />

manufactured cars. In fact,<br />

those governments will even<br />

go to war in order to ensure<br />

that car makers sell armoured<br />

vehicles when the economy<br />

stagnates!<br />

32<br />

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FEATURE &<br />


Nigerian leaders see no logic<br />

in stimulating industrialisation<br />

or agriculture so they spend less<br />

than $50 million on agricultural<br />

input subsidies. In contrast,<br />

the global Agricultural Policy<br />

Monitoring and Evaluation<br />

2020 report found that the 54<br />

countries studied (all OECD<br />

and EU countries, plus 12<br />

key emerging economies)<br />

provide over US$700 billion<br />

a year to stimulate their<br />

agricultural sectors. The vast<br />

majority of this, US$536 billion,<br />

is in the form of payments to<br />

producers; the rest takes the<br />

form of consumer support<br />

and enabling services such<br />

as infrastructure investment<br />

or research and development.<br />

Despite agriculture contributing<br />

about 24% of Nigeria’s gross<br />

domestic production, the<br />

government allocates about 1%<br />

of the budget to the agriculture<br />

sector, both recurrent and<br />

capital expenditure. That’s how<br />

N228.4 billion was allocated<br />

to the agricultural sector in<br />

<strong>2023</strong>, which is 1.05 per cent<br />

of the total budget of N21.83<br />

trillion, compared to a cost<br />

of governance of 80% of the<br />

budget.<br />

With these obvious<br />

deliberate acts to arrest<br />

our economic and political<br />

development, it is now evident<br />

that our independence<br />

struggles were just to exchange<br />

a White exploitative class with<br />

a Black one. This is not only<br />

about Tinubu’s government;<br />

we have endured garbage-in,<br />

garbage-out set of Eurocentric<br />

scholars, psuedo elites and<br />

leaders. When the European<br />

colonists left, they did not return<br />

power to our traditional leaders<br />

from whom they seized power<br />

but to a newly indoctrinated<br />

neocolonist class that swept our<br />

long-term stakeholders and the<br />

masses aside. Their exploitative<br />

practices have now bankrupted<br />

the system and the people<br />

will eventually rise. Though<br />

Tinubu and the entire political<br />

class have been warned of<br />

provoking a revolution, they<br />

only listen to colonial powers<br />

and their international financial<br />

foremen and ignore the masses.<br />

This was why Tinubu refused<br />

to sell his economic plans to<br />

the electorate directly and<br />

through presidential debates<br />

while eager<br />

to attend the<br />

British Chatham<br />

House, the<br />

Royal Institute<br />

of International<br />

Affairs etc<br />

Just as we<br />

have seen<br />

Francophone<br />

countries<br />

rise against<br />

economic<br />

exploitation<br />

and connivance<br />

of their political leaders with<br />

Western sponsored terrorism,<br />

the writing is on the wall for<br />

other African nations that<br />

neocolonialism is on its last<br />

phase and will fall due to overexploitation.<br />

Just like the overexploitation<br />

of slave plantation<br />

economics led to the Haitian<br />

Ogun Revolution that spread<br />

across the Americas, the overexploitation<br />

of national slave<br />

plantations economies will lead<br />

to revolutions before 2030, if not<br />

before the next election cycle.<br />

A new social contract<br />

based on economic, cultural<br />

and political justice and<br />

development is surely required<br />

across Africa, but only after<br />

the people revolt to reclaim<br />

power from the neocolonist<br />

political class and create<br />

truly development-focused,<br />

representative democracies.<br />

Editor’s Note: This piece was<br />

originally published by www.<br />

aumedia.info.<br />

Prince Justice<br />

Jadesola Faloye<br />


Prince Justice Jadesola<br />

Faloye is the President,<br />

ASHE Foundation and<br />

CEO, Adulawo Media. He is<br />

aalso a media practicioner,<br />

economist and publisher.<br />

He is the author, “The<br />

Blackworld Evolution to<br />

Revolution”, “Tutuoba’ and<br />

other publications.<br />

Accomplish Magazine 33

4.0 Industrial<br />

Revolution:<br />

A Game<br />

Changer<br />

By Tim Akano<br />

O<br />

f all the many<br />

diverse and<br />

stomachchurning<br />

challenges<br />

facing<br />

Nigeria, the<br />

most intense and urgent is<br />

multidimensional poverty.<br />

Poverty is the foster<br />

father of insecurity, youth<br />

unemployment and other vices.<br />

But there is a window of<br />

opportunity: the world is at<br />

the intersection of a revolution<br />

that will fundamentally<br />

alter the way we work, live,<br />

socialize and create wealth.<br />

In its scope, scale, size, speed,<br />

and possibilities, the fourth<br />

(4.0) industrial revolution is<br />

completely unlike anything<br />

humankind has experienced in<br />

history.<br />

There are profound<br />

paradigm shifts globally,<br />

underscored by the<br />

emergence of new business<br />

and governance models: the<br />

disruptions of incumbents<br />

and the re-calibration of<br />

production, distribution,<br />

marketing, consumptions as<br />

well as e-governance. All this<br />

will significantly transform<br />

the entire superstructure of<br />

not only the world economy<br />

but humanity. Therefore,<br />

mega fortune will no longer<br />

be found in her old address,<br />

mega fortune is moving into<br />

a new house, new address<br />

‘’industry 4.0 Villa’’. Inside the<br />

Villa are new technologies<br />

like: App economy, Platform<br />

economy, Artificial Intelligence<br />

(Ai), Internet of Things (IoT),<br />

Blockchain economy,<br />

Advanced Robotics, Metaverse,<br />

Autonomous Vehicles,<br />

Big Data, 3D&4D Printing,<br />

Materials Science, New<br />

Materials, Energy storage,<br />

Quantum Computing, Cloud<br />

Technology, Nanotechnology<br />

and Biotechnology among<br />

others. They have the capacity<br />

to create wealth that grows<br />

geometrically as against<br />

the conventional arithmetic<br />

growth. Apple Inc., for instance,<br />

is now a $2.7 Trillion company,<br />

far bigger than the entire GDP<br />

of Africa, bigger than South<br />

Korea, almost the size of UK<br />

GDP and half of Japan! One<br />

company!<br />

Therefore, looking into<br />

the panoramic view of the<br />

May 29 wedding ceremonies<br />

between the Groom (the new<br />

government) and the Bride<br />

(Nigeria), the real exam is the<br />

34<br />

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FEATURE &<br />


marriage and it starts the Day<br />

after. Putting back smiles on<br />

the face of the malnourished<br />

Bride requires innovative ideas<br />

capable of creating robust<br />

wealth in order to replace<br />

the bride’s hopelessness with<br />

hope, frustration with fulfilment,<br />

disappointments with dignity.<br />

The most veritable<br />

pathway to<br />

abundance is<br />

‘’industry 4.0’’<br />

Since time began,<br />

technology has always played<br />

a decisive role in determining<br />

which nations would be Top<br />

Dogs and which ones would be<br />

underdogs.<br />

Greece once ruled the world<br />

when it gained technological<br />

superiority above others.<br />

Greece invented the Wind<br />

Vane technology first, which<br />

was mounted on a clock<br />

tower called The Tower of the<br />

Winds in Athens in 50 BCE that<br />

depicted the Greek god, Triton.<br />

Technology was god!<br />

Taiwan’s technologypowered<br />

economy, a small<br />

country of 23 million people,<br />

less than Lagos, is three times<br />

the size of Nigeria’s economy.<br />

30% of the Taiwanese GDP<br />

of $1.3 Trillion and 60% of the<br />

workforce are from technology.<br />

No industry matters more to<br />

Taiwan than chip making,<br />

which powers everything:<br />

telephone, electric cars,<br />

computers etc. Taiwan<br />

produces 60% of the world’s<br />

semiconductors and over 90%<br />

of the most advanced ones.<br />

South Korea is another<br />

country that relies on<br />

technology to power<br />

her modernisation, with<br />

specialization in electronics<br />

and semiconductors.<br />

Samsung’s workforce alone is<br />

about 300,000 and responsible<br />

for about 17% of their GDP with a<br />

revenue of $246 billion in 2022.<br />

Every smart nation in their<br />

quest for transformation ask<br />

the following seven questions<br />

in their strategy session,<br />

which the new class captain<br />

and his team must ask and<br />

answer truthfully before they<br />

get overwhelmed: (1) what<br />

capacity do we have? (2)What<br />

capacity do we need? (3) What<br />

are the top 3 areas where we<br />

have both competitive and<br />

Accomplish Magazine 35

comparative advantages over<br />

other countries? (4) What are<br />

the 7 MUST-WIN battles on the<br />

road to transformation? (5)<br />

What is left, new, hot or next<br />

that we can leverage on? (6)<br />

Who does what, when and how<br />

and at what cost? (7) What is<br />

the measure of success?<br />

Against that background,<br />

besides Agriculture, Technology<br />

(not oil) is the second<br />

most important breakout<br />

opportunity for Nigeria. The<br />

raw materials are here (youthsenergetic,<br />

teachable and<br />

hungry for success). But which<br />

technology is left that Nigeria<br />

can dominate and own the<br />

same way India owns software<br />

programming, Switzerland<br />

owns fintech and Israel owns<br />

Cyber Security?<br />

Disrupt & Leapfrog<br />

Every country that has<br />

escaped poverty did it by<br />

disrupting the status quo.<br />

Period. UAE and Qatar<br />

disrupted the Aviation and<br />

hospitality industries and<br />

collected Europe and America<br />

feeding bottles. South Korea<br />

disrupted the electronics world<br />

and relegated Japan, the<br />

former king of electronics to<br />

second division, while China<br />

disrupted the Global Supply<br />

Chain to leapfrog from 30th<br />

position to world’s second<br />

biggest economy within 30<br />

years.<br />

Europe dominated the first<br />

two industrial evolutions in the<br />

17th and the 18th centuries, a<br />

period the world transited from<br />

muscle power to mechanical<br />

power. America emerged the<br />

world’s class captain through<br />

superior innovations in ICT,<br />

which gave birth to the 3rd<br />

industrial revolution.<br />

Today, the world is in a<br />

new era of ‘’industry 4.0’’, the<br />

era of connected machines<br />

and systems, smart factories<br />

where additive manufacturing<br />

(3D& 4D Printing) is replacing<br />

the traditional subtractive<br />

manufacturing. These<br />

technologies can power<br />

Nigeria’s economy to evolve<br />

at an exponential rather than<br />

linear pace.<br />

4.0 Opportunities:<br />

Seeking Truth from<br />

the Forest of Facts*.<br />

Every investor (nations,<br />

corporations or individuals)<br />

always ask three fundamental<br />

questions before investing:<br />

(1) what is the size of the<br />

market? (2) What is the growth<br />

projection? (3) What is the<br />

state of competition? The 4.0<br />

market is massive with almost<br />

limitless growth potentials, and<br />

little competition because the<br />

market is still at infancy.<br />

Let us have a look at just<br />

nine of the markets: (1) Public<br />

Cloud Market is valued at<br />

$483.98 Billion in 2022, growing<br />

at Compound Annual Growth<br />

Rate ( CAGR) of 14.1%, forecast<br />

to reach $1Trillion in 2030, (2)<br />

Data Storage: $247.3billion in<br />

<strong>2023</strong>, growing to $777.98billion<br />

in 2030 at 17.8 CAGR, (3) Internet<br />

of Things: $300.3Billion in 2021,<br />

projected to reach $650.5Billion<br />

in 2026 at a CAGR OF 16.7%, (4)<br />

Cyber Security: $236.96Billion<br />

in <strong>2023</strong>, projected to reach<br />

$479.15 Billion in 2030 at a CAGR<br />

36<br />

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FEATURE &<br />


of 9%, (5) Blockchain to reach<br />

$163 billion in 2026 growing at<br />

a CAGR of 56.3%, Autonomous<br />

Vehicles currently at $94.43<br />

Billion is projected to reach $1.8<br />

Trillion by 2030 at a CAGR of<br />

38.8%,, (7) Big Data currently at<br />

$273.4Billion, growing at CAGR<br />

of 11% , (8), App economy is<br />

currently valued at $500 Billion,<br />

and finally (9), the elephant in<br />

the room: Artificial Intelligence,<br />

currently valued at $100 Billion<br />

projected to grow at twentyfold<br />

to reach $2 Trillion in 6 years.<br />

Conversely, the global crude<br />

oil market size will grow from<br />

$2.7Trillion in 2022 to $2.9Trillion<br />

(<strong>2023</strong> projection), a CAGR of<br />

just 5.7%. Betting on crude oil<br />

business for Nigeria’s economic<br />

redemption is like signing an<br />

irrevocable MoU with perennial<br />

failure. The “crude oil Horse” is<br />

old, tired, and sickly, fielding<br />

it in the Kentucky Derby is<br />

like planting mangoes and<br />

expecting to harvest apples!<br />

Oil’s best years were yesterday.<br />

Unarguably, Nigeria cannot<br />

win the transformation race<br />

relying on the crude oil Horse.<br />

We lost that battle 20 years<br />

ago!<br />

However, with ‘’industry 4.0’’,<br />

Nigeria has a new, powerful<br />

Horse. We can halve the<br />

poverty rate in 48 months<br />

of disciplined, honest and<br />

deliberate diligence, we can<br />

put 30 million youths in gainful<br />

employment. Israel and Costa<br />

Rica created a fertile and clean<br />

environment for businesses<br />

to flourish in the 1980s, INTEL<br />

went to site its factories there,<br />

and both countries witnessed<br />

unprecedented transformation<br />

immediately. Capital has no<br />

religion or race or emotion, like<br />

a river, it flows to smart nations,<br />

where there is a potential for<br />

higher returns.<br />

What does it all add up to?<br />

Skill, skill, skill. The CEO of the<br />

American Apple Inc, Tim Cook,<br />

with over two million Chinese<br />

app developers on iStore,<br />

when asked as to why Apple<br />

uses Chinese labor instead of<br />

Americans he said ’’No other<br />

country in the world, besides<br />

China has the combination of<br />

electronic component supply<br />

chain and large pools of<br />

skilled labour needed to make<br />

iPhones on the scale Apple<br />

needs’’.<br />

Good news: through<br />

‘’New Materials’’ and massive<br />

untapped mineral resources<br />

in Nigeria, we can become a<br />

major player in the technology<br />

space, henceforth. This is<br />

why the news of the Access<br />

Bank CEO, Herbert Wigwe’s<br />

establishing Wigwe University<br />

and making it a world class<br />

is a sweet music to the ear.<br />

Once adequate resources<br />

are available, the Nigeria<br />

government should rally<br />

round Wigwe University and<br />

other private investors in<br />

Higher education, the way the<br />

government broke protocol<br />

for Dangote Refinery. Wigwe<br />

University can be the first 4.0<br />

University in Africa, focusing<br />

exclusively on producing<br />

competent workforce for<br />

“industry 4.0” economy globally.<br />

Over 60% of what is taught<br />

currently in Higher education<br />

in Nigeria is obsolete or not<br />

in demand globally. A wellfunded<br />

“industry 4.0” Initiaves<br />

will create bigger wealth for<br />

Nigeria than all the petro dollar<br />

realised in the past 45 years.<br />

As of today, there are more<br />

than 40 million job placement<br />

opportunities in ‘’industry 4.0’’.<br />

Indeed, some 4.0 skills have<br />

zero unemployment rate such<br />

as Devops Engineering, Data<br />

Science, Ai Engineering and<br />

Platform Engineering.<br />

Accomplish Magazine 37

Which countries<br />

& industries can<br />

Nigeria disrupt*?<br />

1. ‘’NEW MATERIALS’’:<br />

Taiwan, South Korea and<br />

1<br />

Malaysia with a combined GDP<br />

in excess of $4 Trillion, heavily<br />

dependent on semiconductors<br />

are ripe for disruption, the<br />

way Turkey disrupted the<br />

Furniture business turning<br />

Italy to an ex-King. Nigeria<br />

can cause a disruption in<br />

the chip and electric battery<br />

production through the new<br />

material called GRAPHENE.<br />

Graphene is 100 times stronger<br />

than steel and just one-atom<br />

thick. It is one of the most<br />

expensive products in the<br />

world today. One ton is sold<br />

between $60,000- $200,000.<br />

It is used in electronics,<br />

energy storage, sensors,<br />

coating, and biomedical<br />

devices. Interestingly, all the<br />

raw materials required for<br />

this product can be found<br />

in Nigeria, such as carbon,<br />

Methane, hydrogen and<br />

transition metal. Others<br />

include charcoal from wood,<br />

coconut cells, saw powder and<br />

bagasse. Elon Musk describes<br />

graphene as a ‘’game changer’’<br />

because it is a ‘future killer’<br />

of Silicon, a product used in<br />

battery, electronics and chips<br />

making. In addition, all the<br />

eight raw materials required<br />

for EVs battery production are<br />

also available in commercial<br />

quantity in the Middle Belt,<br />

Ekiti, Kano and Cross Rivers.<br />

The new government can invite<br />

the world’s largest Graphene<br />

manufacturer, the Canadian<br />

NanoXplore for partnership.<br />

Wigwe University can be<br />

the first university in Africa<br />

with a Department of ‘’NEW<br />

MATERIALS’’ & Distributed<br />

Manufacturing, researching,<br />

teaching and commercializing<br />

‘’New Materials’’ in partnership<br />

with global corporations<br />

that are prepared to set up<br />

factories in Nigeria. Nigeria<br />

has about 150 million idle,<br />

unemployed or underemployed<br />

youths, we should stop<br />

reinforcing failure and use<br />

our brains. China’s packing<br />

Nigeria’s raw materials in the<br />

wee hours of the day from<br />

Zamfara, Osun , Ekiti, Ogun,<br />

Borno etc flying them to China<br />

to be converted to finished<br />

products for export back to<br />

Nigeria is part of the reasons<br />

why we are poor, heavily<br />

indebted and underdeveloped.<br />

The equation is not balanced:<br />

as the Chinese DRAGON is<br />

getting fatter, the Nigeria’s<br />

EAGLE is getting malnourished.<br />

This must stop.<br />

2<br />

2. Business Process<br />

Outsourcing (BPO) currently<br />

dominated by India and<br />

Philippines can be disrupted<br />

through a new BPO model from<br />

Nigeria.<br />

There is no better or faster<br />

way to reduce the youth<br />

unemployment rate besides<br />

the New Business Process<br />

Outsourcing. (NBPO). The<br />

gestation period is 12 months.<br />

In 2021, for instance, from<br />

the Filipinos Overseas Workers<br />

(FOWs) alone, the Philippines<br />

realised over $31 billion in cash<br />

remittances, bolstering the<br />

Philippines macroeconomic<br />

stability during the C-19<br />

lockdown. Overseas Filipinos<br />

workers (OFWs) pay taxes<br />

on income they receive in<br />

the country where they are<br />

working but are exempted from<br />

income taxes in the Philippines.<br />

Recipients of remittances are<br />

taxed on remittances received<br />

which are treated as income<br />

.The remittance receivers pay<br />

between 5%- 33% the standard<br />

Philippines taxation. However,<br />

the State also in return<br />

delivers a wide range of onsite<br />

programs and services to<br />

promote and protect the rights<br />

and welfare of OFWs, which<br />

includes training, custodial<br />

services and sundry welfare<br />

assistance. It is a win-win<br />

between the Overseas workers<br />

and the State.<br />

Nigeria should re-work the<br />

JAPA initiatives, merge It with<br />

NBPO to create a $50 billion<br />

economy.<br />

Notwithstanding the<br />

plundering of Nigeria in the<br />

past 63 years by the rapacious<br />

greed elites, breakout is still<br />

possible within ten years,<br />

provided round pegs are put<br />

in round holes in planning<br />

and execution of a new<br />

transformation agenda.<br />

Further more, the new<br />

government would need to<br />

license two banks: Nigeria<br />

Overseas Workers Bank (NOWB)<br />

and Bank for Expatriates.<br />

Millions of commissions in USD<br />

that go to MoneyGram and<br />

Co will stay in Nigeria with<br />

these two specialized banks<br />

from 2024. Why? With JAPA,<br />

38<br />

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FEATURE &<br />


Nigeria will soon have more<br />

of her citizens earning better<br />

income living outside of the<br />

country, therefore, there is a<br />

need to construct a new “dam”<br />

to harvest the opportunity in a<br />

win-win between the citizens<br />

and the State<br />


Nigeria is like a bride<br />

wearing a long face amidst<br />

wedding processional, even<br />

though the Groom (the new<br />

government) and groomsmen<br />

seem excited and looking<br />

boisterous. The Bride is deeply<br />

hurting, having been jilted 15<br />

times by the past 15 Grooms. It<br />

is so bad that Nigerians have<br />

started awarding “SURVIVOR<br />

CERTIFICATE” to all those who<br />

are alive to witness May 29<br />

inauguration.<br />

Outliving the out-going<br />

class captain, (2015-<strong>2023</strong>)<br />

is equivalent to having<br />

completed a hands-on, 8-year<br />

PhD programs in STOICISM. If<br />

you are reading this, you are<br />

free to affix ‘’Dr’’ to your name<br />

and profile.<br />

We are all PhD holders in<br />

Practical Stoicism, i.e the art<br />

and science of surviving under<br />

extreme stress.<br />

True, when compared with<br />

their colleagues in UAE, Hong<br />

Kong and Taiwan, the Nigeria’s<br />

political elite’s performance<br />

back-to-back is appalling,<br />

suboptimal, i.e. putting it mildly.<br />

However, Nature abhors<br />

a vacuum, nothing can<br />

be mismanaged in Nature<br />

ad infinitum, the Law of<br />

Compensation is immutable.<br />

All said, if the new class<br />

captain allows meritocracy,<br />

discipline and common sense<br />

to flourish, it is possible to grow<br />

Nigeria’s GDP to a $1Trillion in<br />

4 years (size Taiwan), $2 Trillion<br />

in 8 years (size South Korea),<br />

$5Trillion in 15 years (size Japan)<br />

and $20 Trillion in 25 years<br />

(China Size). Paradoxically,<br />

Nigeria is richer in both human<br />

and mineral resources than<br />

all the 4 countries combined.<br />

What does Japan have? Barren<br />

Mountains occupy over 73%<br />

of Japan’s landmass with<br />

an aged population. South<br />

Korea? Taiwan? They have<br />

only their brains which are not<br />

better than ours. China’s Silk &<br />

Roads projects were designed<br />

to make importation of raw<br />

minerals via the ubiquitous<br />

airports and Seaports she<br />

constructed worldwide easier<br />

for her, because China is<br />

resource-starved.<br />

While I truly acknowledge<br />

the complexity and volatility<br />

of Nigeria’s political-economy<br />

vis-a-vis public cynicism, I<br />

remain an incurable pragmatic<br />

optimist. I am in alliance with<br />

Nelson Mandela who said: It<br />

always seems impossible, until<br />

it’s done.<br />

Let our hopes, not our hurts<br />

or fear, shape Nigeria’s future.<br />

Tim Akano<br />


Tim Akano is an investor,<br />

entrepreneur, writer, author,<br />

mentor and life coach.<br />

After his two decades in the<br />

business world working with<br />

multinational conglomerates.<br />

Today, he is the MD/CEO<br />

of New Horizon Solutions<br />

Nigeria Limited, a franchise<br />

of the world largest computer<br />

training institute, New Horizon<br />

International.<br />

Accomplish Magazine 39


Pamela<br />

Yough:<br />

On Banking and<br />

Breaking the Glass Ceiling<br />

By Adebayo Afolabi<br />

Pamela Yough is a seasoned banking professional with a remarkable career that spans<br />

over 25 years. She held the prestigious position of Chief Executive Officer at Zenith Bank<br />

(UK) Limited from June 2017 to September 2021. Pamela’s journey in the financial world<br />

showcases her expertise, starting with nearly 17 years at Zenith Bank PLC, where she excelled in<br />

various roles, including General Manager of MCP Group and Investor Relations.<br />

Her impact extended to leading departments like Treasury, Head Office Operations, and<br />

more. Before joining Zenith Bank (UK) Limited, she ran her own Consulting Firm, offering Financial<br />

Advisory Services. Pamela’s strategic mind shines through her instrumental role in arranging<br />

long-term foreign finance for the Zenith Group.<br />

Beyond her impressive qualifications as a Stanford and Oxford University alumna, Pamela<br />

Yough has left an indelible mark on the banking sector, contributing innovation and excellence<br />

at every step of her distinguished career.<br />

Accomplish Magazine spoke with Yough about her journey in banking and all the things she’s<br />

achieved in a career that’s truly filled with memories. It’s an interesting conversation.<br />

Can you tell us about your journey in the<br />

banking industry and how you became the<br />

CEO of Zenith Bank (UK) Limited?<br />

My journey in the banking industry started<br />

after I returned to Nigeria from the United<br />

States to fulfill my national assignment by way<br />

of the National Youths Service Corps (NYSC).<br />

I served at International Merchant Bank Ltd.<br />

(IMB), an affiliate of First National Bank of<br />

Chicago, USA. I was retained thereafter.<br />

I worked at IMB for 8 years, during which<br />

period I got my basic training, working in<br />

various departments and units such as the<br />

Credit and Marketing Department, Real Estate,<br />

and Development Finance units as well as<br />

the Treasury Department. I rose to the level of<br />

deputy manager before I left in 1994.<br />

I then moved to Citizens International Bank<br />

Ltd. in 1994 as a manager and Unit Head of the<br />

Oil Services Sector. I worked there for 5 years<br />

and left after a brief stint as Branch Manager<br />

at the Port Harcourt branch before I went back<br />

to Lagos as a Unit Head for Manufacturing<br />

and Exports in 1999.<br />

I was then head-hunted by Zenith Bank and<br />

was hired in 1999 as a Senior Manager. It was<br />

at Zenith Bank that I got to excel as a core<br />

banker. Top management had a lot of faith<br />

in me and invested in my future in terms of<br />

training and development as well as by giving<br />

me a lot of opportunities to handle various<br />

portfolios and responsibilities across the bank.<br />

40<br />

Accomplish Magazine

Accomplish Magazine 41


Over the years, I got training in all<br />

aspects of banking and headed various<br />

departments such as Public Sector Marketing<br />

in Abuja, Private Banking at the head office,<br />

Revenue Collection, Head Office Operations,<br />

Multilaterals, Conglomerates/Corporate<br />

Banking, Treasury, Correspondent Banking/<br />

Forex Dept., Investor Relations, Zonal<br />

Management of multiple branches etc. I<br />

also went on a lot of training courses, locally<br />

and internationally, including Ivy League<br />

institutions such as Oxford University, Stanford<br />

University, University of Cambridge as well as<br />

MIT.<br />

During this period, I won multiple awards<br />

for high performance and was given various<br />

appointments as non-executive director<br />

on boards of subsidiaries such as Zenith<br />

Registrars, Zenith Realtors and Zenith Pensions.<br />

I left Zenith Bank as a General Manager in<br />

2012 after 12½ years of meritorious service.<br />

Thereafter, I had a 5-year break where I<br />

ventured into financial consulting, real estate<br />

development as well as engaging in fashion<br />

retailing (owning a boutique) as a hobby.<br />

In 2017, I was called back by the Chairman<br />

of Zenith Bank, Mr. Jim Ovia, to become the<br />

first Nigerian CEO of Zenith Bank UK Limited<br />

with a branch in the United Arab Emirates.<br />

This was due to the fact that I had helped<br />

to establish Zenith Bank UK Ltd. in 2007 and I<br />

was recognised as the person with the most<br />

overseas experience dealing in foreign loans,<br />

multilateral finance and foreign investor<br />

relations. I had also, over the years, travelled<br />

extensively to almost every part of the world<br />

negotiating foreign loans and businesses for<br />

the bank. I worked in the<br />

UK for 4½ years when I restructured the<br />

bank and grew its income from about $2.6m<br />

to over $34m during the period. I also grew its<br />

shareholders’ funds by over 43% to $275m in a<br />

space of 4 years. We also won an international<br />

award by Global Trade Review (3 years in a<br />

row) as the Best Trade Finance Bank for West<br />

Africa.<br />

I retired from the bank in 2021 with a strong<br />

letter of commendation from the Chairman<br />

of the Board of Directors, Mr. Jim Ovia. I had<br />

dedicated over 30 years to the banking<br />

industry, 17 of which had been with Zenith Bank<br />

Plc.<br />

What motivated you to pursue a career in<br />

banking for over 25 years?<br />

I pursued a career in banking probably<br />

because my university, Pace University, was<br />

near Wall Street, in the financial district of the<br />

financial capital of the world, New York City.<br />

There was always that buzz of excitement<br />

around and wanting to be part of an industry<br />

that reflected capitalism and the corporate<br />

world. Also, my mother, Chief Mrs. Violet Yough,<br />

had been a board member of several banks<br />

during her working years. She co-founded<br />

Access Bank and was on their board for over<br />

12 years as well as the boards of UBA, Kapital<br />

Merchant Bank and the old Savannah Bank.<br />

She is my role model.<br />

Could you, please, share some of the<br />

experiences you gained while running your<br />

own consulting firm before joining Zenith Bank<br />

(UK) Limited?<br />

Well, I had my first stint at running my own<br />

business in 2013. It is not very easy operating<br />

a business in Nigeria. I doff my hat to all<br />

entrepreneurs who work night and day to<br />

sustain businesses in the harsh economic<br />

climate of Nigeria. I learned various things<br />

like managing costs to ensure profitability,<br />

managing workers to ensure accountability<br />

and lack of theft, diversification of income<br />

streams and making sure you are on top of<br />

your game, in terms of documentation, on all<br />

42<br />

Accomplish Magazine

“<br />

It is not very<br />

easy operating a<br />

business in Nigeria.<br />

I doff my hat to<br />

all entrepreneurs<br />

who work night<br />

and day to sustain<br />

businesses in the<br />

harsh economic<br />

climate of Nigeria<br />

transactions. This is very important in every<br />

industry.<br />

What were the most significant<br />

achievements during your time as General<br />

Manager of MCP Group at Zenith Bank Plc.?<br />

My most significant achievements as GM<br />

of MCP Group at the head office were in<br />

setting up the multi-laterals unit and opening<br />

relationships with African Development Bank<br />

(AfDB), getting over $250m in loans from<br />

them, as well as opening relationships with<br />

so many other multi-lateral agencies and<br />

development finance institutions. Altogether,<br />

loans we sourced were close to a billion dollars<br />

at the time. Also, on the conglomerates side,<br />

we opened relationships with various multinational<br />

shipping lines. My team financed<br />

the port expansion of Apapa Ports with world<br />

renowned terminal operators; opened major<br />

oil company accounts and financed various<br />

international loan syndications for them,<br />

amongst many others.<br />

These accounts are still some of the<br />

most profitable in the bank to date. I also<br />

applied for, obtained the license and set up<br />

Zenith Bank Ghana, which has grown to be<br />

a multi-million dollar franchise. In addition, I<br />

arranged for Zenith Bank Plc to<br />

obtain multi-branch revenue<br />

collections for the Federal<br />

Inland Revenue Service (FIRS),<br />

contributing to Zenith Bank<br />

consistently winning the award<br />

of top revenue collecting bank<br />

in Nigeria.<br />

As the head of investor<br />

relations, can you describe<br />

some of the challenges and<br />

successes in arranging longterm<br />

foreign finance for Zenith<br />

Bank?<br />

As the Head of Investor<br />

Relations, my function was<br />

to attract foreign capital<br />

investments into the bank’s<br />

shareholding structure. So, it<br />

was more of equity as opposed<br />

to foreign loans. I arranged<br />

investor conferences for the<br />

bank, held investor forums<br />

(biennially at the time).<br />

I also met with very large<br />

international private equity<br />

firms, endowment funds,<br />

sovereign wealth funds etc.<br />

We raised a lot of capital. It<br />

was quite challenging and<br />

fun-filled at the same time. The<br />

challenges were mostly related to countryrisk<br />

because as at that time, Africa was a bit<br />

of unchartered territory for big-time fundmanagers.<br />

However, the bank has always<br />

had such a solid reputation so it helped a lot<br />

to convince investors to override country-risk<br />

concerns.<br />

You’ve held various portfolios within Zenith<br />

Bank Plc. Which role did you find the most<br />

challenging and why?<br />

All the roles were quite challenging because<br />

Zenith Bank is a dynamic organisation that<br />

drives people very hard through the use of<br />

targets, performance measurement and<br />

rewards. It is no place for slouches and<br />

laggards. I guess my most challenging role<br />

was the turn-around and restructuring of<br />

Zenith Bank UK from a non-performing and<br />

not very profitable entity with a substantial<br />

non-performing loan (NPL) ratio to a profitable,<br />

strong business which cleaned up its loan<br />

portfolio and eventually started paying<br />

dividends to its shareholders after over 14 years<br />

of existence. I also had to change the culture<br />

and value-system by re-orienting the staff to<br />

become a more goal-oriented and professional<br />

staff base with stronger work-ethics. Dealing<br />

Accomplish Magazine 43


with a diverse work force was no picnic either as<br />

we were dealing with a blend and melting-pot of<br />

worldwide cultures.<br />

How do you manage and prioritise tasks in a<br />

high-stress, dynamic industry like banking?<br />

The best way to prioritise tasks is first of all<br />

to rank them according to level of importance<br />

based on your vision, mission and goals. You<br />

work out the duration of time expended on task<br />

implementation as well as the urgency and<br />

deadline of each task. You also look at your work<br />

force; their work load and skill sets. You decide<br />

the level of resources to be allocated to each<br />

task, cost/benefit analysis, SWOT (strengths,<br />

weaknesses , opportunities and threats) analysis<br />

etc.<br />

Once you have a schedule, you process your<br />

work flow chart. The<br />

one that is the most<br />

profitable, aligns<br />

with your vision,<br />

mission, value system<br />

and has a deadline<br />

that is closer should<br />

be put into prime<br />

consideration. The<br />

others will be ranked<br />

pari-pasu.<br />

Could you provide<br />

some insights into the<br />

international banking<br />

landscape and its<br />

challenges in recent<br />

years?<br />

The challenges<br />

in the international banking space are quite<br />

strong. First of all, there are a lot of regulatory<br />

controls in terms of rules and regulations,<br />

reporting guidelines and requirements,<br />

transparency, compliance, inspections etc. In<br />

England, there is the SMCR (Senior Management<br />

Certification Regime) monitoring staff to ensure<br />

fitness and propriety.<br />

There is also serious risk management<br />

controls for liquidity (ILAAP), capital adequacy<br />

(ICAAP) etc. There is also serious corporate<br />

governance from the board. Board members<br />

are held fully accountable by regulatory<br />

authorities so they do get seriously involved in all<br />

the activities of the bank. They also do regular<br />

board evaluations which are fully reviewed by<br />

the regulators; in my case, the PRA (Prudential<br />

Regulatory Authority) of the Bank of England.<br />

“<br />

Find a role model/<br />

mentor that you can<br />

identify with and<br />

learn some of his or<br />

her positive values<br />

and ethics.<br />

There is also a lot of anti-money<br />

laundering (AML) and counter-terrorism<br />

compliance monitoring due to our status<br />

as a foreign and African bank. Except for<br />

the SMCR, these practices are also, to some<br />

extent, conducted by the Central Bank of<br />

Nigeria but not quite to the level of the Bank<br />

of England.<br />

The toughest thing we had to deal with<br />

is the high cost of funds for our liability<br />

generation. As a foreign bank, we were<br />

not expected to get local nationals in the<br />

UK (foreigners to us) come in and open<br />

accounts with us due to country-risk. Also,<br />

due to enhanced due diligence (EDD) for<br />

opening of Nigerian accounts abroad, many<br />

prospective customers did not meet our risk<br />

acceptance criteria for account opening.<br />

Therefore, a lot<br />

of funds used for<br />

operations were<br />

purchased from<br />

the money market<br />

at expensive rates.<br />

We were constantly<br />

working on creative<br />

ways to reduce our<br />

cost of funds to<br />

enable us increase<br />

our profit margins.<br />

Most Nigerian<br />

banks operating<br />

abroad face the<br />

challenge of high<br />

cost of funds.<br />

Diversity of work<br />

force and cultures<br />

is also a prominent issue. We had Indians,<br />

British, Chinese, Portuguese, Pakistanis,<br />

Spanish, Indonesians, Greeks, Lebanese,<br />

Russians, Polish, Australians, French,<br />

Nigerians, Ghanaians, Arabs etc.; a complete<br />

melting pot of diverse cultures. We had to do<br />

a lot of diversity training to ensure that we<br />

all were on the same page. Once this was<br />

done, it was a joy to work in a multi-cultural<br />

organisation.<br />

Tell us about your educational<br />

background at Stanford and Oxford<br />

University and how it has influenced your<br />

career.<br />

My educational training from various<br />

institutions worldwide prepared me for<br />

the job. Being the daughter of a diplomat<br />

(my late father was Ambassador Simon<br />

44<br />

Accomplish Magazine

Gboko Yough), I grew up in different<br />

parts of the world. I was born in Ghana.<br />

Then, moved to France at an early age,<br />

where I started kindergarten school. My<br />

primary schooling started in Brussels - at<br />

E’cole St. Jean D’Arc. Then, I moved to<br />

Liberia’s Methodist Elementary School.<br />

I started secondary school in Trinidad<br />

and Tobago’s Bishop Anstey’s High<br />

School and finished up in Nigeria’s FGC<br />

Ilorin which was the first time I lived<br />

in Nigeria - during my Form 2. Upon<br />

finishing my WASC examination with a<br />

Grade 1, I moved to the United States<br />

where I obtained my BBA (Bachelor’s in<br />

Business Administration) in Marketing<br />

from Pace University and Masters in<br />

Business Administration from Long<br />

Island University in New York. I did<br />

attend Ivy League schools such as<br />

Oxford, Cambridge, Stanford and MIT for<br />

executive and leadership programmes;<br />

therefore making me an alumnus of these<br />

institutions.<br />

All these training programmes<br />

such as Stanford’s Effective Use of<br />

Power, Cambridge’s Transformational<br />

Leadership, Oxford University’s<br />

Advanced Management Programme and<br />

Massachusetts Institute of Technology’s<br />

Transforming Your Leadership Style<br />

as well as training from Institute of<br />

Directors contributed significantly in<br />

developing my diverse and multi-cultural<br />

background, leadership skills and<br />

empowered me to dream, envision and<br />

equip me to realise my life’s ambitions<br />

and goals.<br />

What advice would you give to<br />

aspiring banking professionals looking to<br />

advance their careers?<br />

The advice I would give a young<br />

banking professional is as follows:<br />

1. Learn banking skills by possibly<br />

starting off with an induction programme<br />

or a graduate trainee programne if your<br />

organisation offers it.<br />

2. Find a role model/mentor that you<br />

can identify with and learn some of his or<br />

her positive values and ethics.<br />

3. Always prepare and learn time<br />

management skills to enable you<br />

organise your tasks, work flow and your<br />

life .<br />

4. Work with goals and strive towards<br />

achieving them.<br />

pamela yough<br />

Accomplish Magazine 45


5. Do not be disappointed if you<br />

don’t immediately meet your targets as<br />

many of us tried, failed - lessons learnt,<br />

got back up and tried again before we<br />

succeeded.<br />

5. Make sure that banking is what<br />

you want to do and is your area of<br />

core-competence as you will always be<br />

depressed and frustrated if you are not<br />

happy with your job.<br />

6. Remember the power of positive<br />

thinking as your attitude will determine<br />

your altitude in life.<br />

7. Dress for success and make sure<br />

you constantly update and improve your<br />

skills.<br />

…my leadership style is<br />

that of several styles…<br />

Would you mind discussing some of<br />

the challenges you faced as a woman in<br />

a leadership role in the banking industry?<br />

Women do have a lot of challenges<br />

in the banking industry. I have faced a<br />

lot of challenges from both male and<br />

female counterparts. We are competitive<br />

amongst ourselves and, at times, the<br />

landscape is cut-throat. Some women<br />

do take short cuts, using the ethos of the<br />

end justifies the means. Machiavellian<br />

tendencies dominate capitalistic<br />

organisations which is principally what<br />

banks are.<br />

I have also faced chauvinism where<br />

men are given preferential treatment,<br />

not because they are better but, it’s a<br />

‘gentleman’s club’ and there’s a glassceiling<br />

in the boardroom. We have<br />

worked extra hard to break down those<br />

ceilings and barriers. Sometimes, we<br />

succeed, sometimes we don’t.<br />

The situation is very tough for women<br />

but through affirmative action and prowomen<br />

policies, both in the corporate<br />

world and in politics, we shall succeed<br />

and achieve gender parity. Things are<br />

getting better and we give thanks to the<br />

present political administration in Nigeria<br />

that is strategically placing women in<br />

key roles. By the grace of God and with<br />

positive pro-women diversity policies<br />

from regulatory bodies such as the<br />

Bank of England, which has mandated<br />

all boards to work towards having a<br />

minimum of 30% of female membership,<br />

things will start to improve. Hopefully,<br />

this shall be replicated amongst all other<br />

industries. Our time has come!<br />

Incidentally, I was able to break the<br />

proverbial glass-ceiling by being the first<br />

African woman to be confirmed by the<br />

46<br />

Accomplish Magazine

Bank of England as SMF1 (Senior Management<br />

Function 1). That is the level of Bank CEO,<br />

meaning that I was approved to be the CEO<br />

of any bank in London, not just Zenith Bank UK<br />

Limited.<br />

Can you share any memorable success<br />

stories or turning points in your banking career?<br />

There are so many success stories, one of<br />

which was when a multi-national shipping<br />

company requested that we assist them with<br />

demurrage remittances. They did not have an<br />

account with us at the time as they only banked<br />

with Citibank. Every bank was trying to do<br />

business with them. They had complained that<br />

shipping companies had no way of remitting<br />

their demurrage back to their overseas<br />

headquarters unlike the airlines whose<br />

transactions were listed on the CBN FX Manual.<br />

They promised that any bank that helped them<br />

with that will get the account. We, thereafter,<br />

consulted with the<br />

Trade and Exchange<br />

Department of<br />

CBN as well as their<br />

deputy governor.<br />

We designed the<br />

documentation and<br />

processes for the<br />

forex remittance and<br />

presented to CBN<br />

for their approval.<br />

The chairman<br />

of the Shippers’<br />

Council, the finance<br />

director of the<br />

company, another<br />

managing director<br />

of an international<br />

shipping company,<br />

myself and our<br />

bank’s Head of Trade Finance went and made<br />

a presentation to the Trade and Exchange<br />

Department of the CBN. Thereafter, demurrage<br />

was approved and listed in CBN’S FX Manual<br />

as a legitimate transaction qualifying shipping<br />

companies for forex remittances. The company<br />

was so happy that they opened their account<br />

with us, and did a lot of business. They also<br />

introduced us to 2 sister companies which<br />

opened accounts with us. Other shipping<br />

companies followed suit. That ended up being<br />

a multi-million dollar business for the bank. Out<br />

of respect for my past organisation and in order<br />

not to breach any privacy rules, I shall not be<br />

name-dropping any of the customers’ names.<br />

Could you describe your leadership style?<br />

Are there books or experts that influenced your<br />

“<br />

I have also faced<br />

chauvinism where men<br />

are given preferential<br />

treatment, not because<br />

they are better but, it’s<br />

a ‘gentleman’s club’ and<br />

there’s a glass-ceiling in<br />

the boardroom.<br />

leadership style?<br />

My leadership style is a blend of<br />

several styles but primarily participative<br />

(democratic) mixed with a bit of<br />

transformational leadership. I believe in<br />

getting opinions from my executive team,<br />

consulting and collaborating with them<br />

to make the best judgment call based on<br />

proper analysis. I do not come out and lay<br />

it all out there - as in, take it or leave it. I<br />

believe in shared responsibility, delegation,<br />

transparency and accountability.<br />

In terms of transformational leadership,<br />

I more or less was entrusted with the task<br />

of restructuring an entire organisation so, I<br />

had to cause change in various teams within<br />

the organisation as well as in the entire<br />

social system. It was an uphill task but a very<br />

rewarding experience at the end of the day.<br />

There are many books I read over the<br />

years which influenced me as a leader: some<br />

of which are: The<br />

Nature of Success<br />

by Mac Anderson;<br />

Winning by Jack<br />

Welch (or any of his<br />

many leadership<br />

books); Managing<br />

with Power by<br />

Jeffrey Pfeffer; The<br />

5 Dysfunctions of<br />

a Team by Patrick<br />

Lencioni; The 7<br />

Habits of Highly<br />

Effective People<br />

by Steven Covey;<br />

7 Principles of<br />

Transformational<br />

Leadership by<br />

Hugh Blane; Who<br />

Says Elephants<br />

Can’t Dance by Louis V Gestner Jr.; and, Why<br />

Companies Fail by Mark Ingebretsen; just to<br />

name a few.<br />

What strategies have you employed to<br />

maintain a work-life balance in a demanding<br />

industry?<br />

I did work hard and play hard as I was<br />

growing up in banking. As I rose up the<br />

corporate ladder, I decided to dedicate<br />

more time to things that matter to me; i.e.<br />

my family, particularly my son, and spend<br />

more time on hobbies such as travelling,<br />

gardening, exercise and fitness and<br />

donating my time to working for the Catholic<br />

Church. All of these enabled me to have a<br />

better work/life balance.<br />

Accomplish Magazine 47


What are the differences between banking<br />

in the UK and other regions where Zenith Bank<br />

operates in?<br />

I believe this is basically captured in a<br />

previous question. I would however add that<br />

banking in Nigeria is more tasking to the staff,<br />

with lots of marketing effort to grow accounts<br />

as we have newer generation banks. In the UK<br />

and the Western world, the terrain has older,<br />

more established banks that put less pressure<br />

on their staff to go and bring accounts. They are<br />

more concerned about structured products for<br />

wealth management, corporate finance, loan<br />

syndications, corporate/capital restructuring<br />

etc. Real estate and mortgage financing is big<br />

in the Western world but Nigerian banks rarely<br />

do them as we have limited long-term funds.<br />

Treasury<br />

transactions, using IT to drive business,<br />

artificial Intelligence in banking, fraud<br />

prevention, financing renewable energy to<br />

meet sustainability targets etc. are high priority<br />

areas in the Western world. African banks<br />

are majorly trade-focused for short-tenured<br />

transactions as we do more importation than<br />

finance manufacturing.<br />

How do you see the role of block-chain and<br />

crypto-currencies evolving in the future of<br />

banking?<br />

They are still relatively new and unexplored<br />

in Africa. People view them as risky and<br />

untested for now. There should be more<br />

legislation and regulation around them to<br />

provide a safety net for investors in that<br />

sub-sector. Also, more product knowledge<br />

and awareness on block-chain and cryptocurrencies<br />

should be put out there in the<br />

market. However, they seem to be the wave<br />

of the future, most especially for the younger<br />

generation. Currently, demand is growing<br />

seriously in the Middle East and will soon trigger<br />

down to Africa. They are an area of potential<br />

future growth as outlets for investments with<br />

high returns seem to be fewer and always oversubscribed.<br />

Tell us about your personal interests and<br />

hobbies outside the banking world.<br />

For hobbies, I love building real estate<br />

projects and doing interior decoration. I am a<br />

lover of horticulture and always pride myself<br />

on having a beautiful garden with different<br />

species of plants. I do play sports such as golf<br />

and go to the gym regularly. I like long walks,<br />

love dancing to Afrobeats, oldies and salsa. I<br />

love going to watch live wrestling matches at<br />

Madison Square Garden in New York or the<br />

O2 Arena in London; a habit I formed when I<br />

was in the university and going with my dad<br />

in my late teens and as a young adult. I now<br />

go with my son and also take him to football<br />

matches in London to watch Man City and<br />

Chelsea. I love travelling to exotic places and<br />

going to fancy restaurants with my friends and<br />

relatives. I consider myself to be somewhat of<br />

a clothes horse and love fashion; hence, my<br />

foray into owning a boutique as a hobby. I like<br />

watching movies, attending Broadway plays<br />

and live concerts of some of my favourite<br />

musicians. Building for the Lord and chairing<br />

harvest bazaars in the Catholic Church are<br />

also some of my favourite charity activities.<br />

I am currently the Chairman of the Building<br />

Committee of the Catholic Church in Guzape,<br />

Abuja. All these hobbies help to ensure that I<br />

am never stressed and improve my work/life<br />

balance.<br />

How do you handle adversity and set<br />

48<br />

Accomplish Magazine

“<br />

Do not be<br />

disappointed<br />

if you don’t<br />

immediately<br />

meet your<br />

targets as many<br />

of us tried,<br />

failed - lessons<br />

learnt, got back<br />

up and tried<br />

again before we<br />

succeeded.<br />

backs in your career and what advice do you<br />

have for others facing challenges in their<br />

professional lives?<br />

Adversity and set backs in life cannot be<br />

avoided. The power of positive thinking as well<br />

as faith in Christ helps us build resilience in the<br />

face of adversity. When I was at my lowest ebb<br />

some years ago, I used to sing daily “Count<br />

your blessings, name them one by one; Count<br />

your blessings, see what God has done. Count<br />

your blessings, name them one by one; and it<br />

will surprise you what the Lord has done“. This<br />

song gave me a lot of inspiration and before<br />

you know it, more blessings had come my way.<br />

When you have challenges, you should<br />

view them as a learning phase in your life.<br />

Overcoming those challenges helps to build<br />

your character and makes you stronger.<br />

Everything depends on your attitude. Just work<br />

harder to overcome the challenges because<br />

being depressed won’t make them go away.<br />

Also, if you are religious, have faith, pray<br />

without ceasing but also work hard along with<br />

those prayers. With time, all of those troubles<br />

shall pass and a new day will come.<br />

What is the legacy you hope to leave in the<br />

banking industry?<br />

A legacy of all the good works I did while I<br />

was in service; all the banks and branches I<br />

opened in the industry, all the major accounts<br />

I brought in and businesses I financed. I want<br />

to be remembered for all the good people I<br />

recruited, trained and developed - passing<br />

on my knowledge and values from one<br />

generation to another. I will dwell more on<br />

the values of professionalism, humility and<br />

integrity. I want to be remembered as a loyal<br />

staff, who didn’t give bad loans, who worked<br />

hard to help establish the integrity and sound<br />

moral values of my bank or any organisation I<br />

worked in.<br />

In conclusion, what final thoughts or<br />

messages would you like to share with our<br />

readers, especially those aspiring to excel<br />

in their careers as top directors in their<br />

respective fields?<br />

My final thoughts are that let’s work hard<br />

but with strong business ethics. Let’s have<br />

professionalism, honour, integrity and not be<br />

Machiavellian in our approach. We need to<br />

make Nigeria better. There’s enough business<br />

for all of us to go round. Let the means justify<br />

the end and the end not justify the means - a<br />

lesson I learned from the iconic Sir Christopher<br />

Kolade and Prof. Pat Utomi, who both lectured<br />

me in Business Ethics at a training programme<br />

at the Lagos Business School.<br />

Adebayo afolabi<br />


I am a passionate business writer with a<br />

knack for translating complex concepts<br />

into accessible content. With a keen eye<br />

for detail, I deliver compelling content<br />

that educates, inspires, and drives positive<br />

change in the realm of finance and business.<br />

Accomplish Magazine 49

David<br />

Hundeyin:<br />

Holding Nigeria’s<br />

Leadership Accountable<br />

by Harry Choms<br />

Nigeria, a land of vibrant<br />

culture and immense<br />

potential, is a country<br />

that deserves leaders who act<br />

with integrity and accountability.<br />

Amid this desire for change,<br />

one name stands out – David<br />

Hundeyin. An investigative<br />

journalist, researcher, creative<br />

writer, and activist, David<br />

Hundeyin is on a mission to<br />

ensure Nigeria’s leadership is<br />

held accountable. In this article,<br />

we’ll delve into who David<br />

Hundeyin is, his background,<br />

his unwavering commitment<br />

to integrity in Nigerian politics,<br />

and the remarkable cases he’s<br />

unearthed. We’ll also touch on<br />

his latest status as a refugee and<br />

the alleged hunt for him by the<br />

Nigerian government.<br />

Who is David<br />

Hundeyin?<br />

David Hundeyin, professionally<br />

known as David Hundeyin,<br />

is the founder and editor-inchief<br />

of West Africa Weekly, a<br />

media publication specialising<br />

in investigative journalism. His<br />

journey to this impactful role is<br />

nothing short of inspiring.<br />

Born and raised in Nigeria,<br />

David attended prestigious<br />

institutions like Atlantic Hall<br />

School in Lagos, Grange School,<br />

and Oxbridge Tutorial College. In<br />

2007, he ventured to the United<br />

Kingdom to pursue higher<br />

education, earning a Bachelor’s<br />

Degree in Creative Writing and<br />

Media, Culture, and Society from<br />

the University Of Hull in 2011. With<br />

a solid educational foundation,<br />

he was well-prepared to embark<br />

on his mission.<br />

A Champion of<br />

Integrity<br />

Hundeyin’s commitment to<br />

changing Nigeria’s political<br />

landscape is admirable and<br />

inspiring. He believes in a<br />

Nigeria free from corruption and<br />

poor leadership, envisioning<br />

a prosperous nation for all<br />

its citizens. His investigative<br />

journalist, author, and activist<br />

work is a testament to his<br />

dedication to this vision.z<br />

Holding Nigerian<br />

Leaders<br />

Accountable: A<br />

Determined Mission<br />

David Hundeyin’s<br />

determination to hold Nigerian<br />

leaders accountable is<br />

admirable. He has fearlessly<br />

uncovered various cases that<br />

demand our attention. One<br />

of Hundeyin’s most notable<br />

contributions to the Nigerian<br />

landscape has been his work in<br />

unearthing critical cases that<br />

shed light on the integrity of<br />

Nigerian leaders. We list some<br />

noteworthy cases that David<br />

Hundeyin has exposed.<br />

President Bola<br />

Tinubu’s Certificate<br />

Saga<br />

Hundeyin’s investigations<br />

revealed a shocking revelation<br />

about Bola Tinubu, the then<br />

presidential candidate of<br />

Nigeria’s ruling political party, the<br />

All Progressives Congress (APC).<br />

It was alleged that President<br />

Bola Tinubu had submitted a<br />

fake Chicago State University<br />

certificate to the Independent<br />

National Electoral Commission<br />

(INEC). This revelation sent<br />

shockwaves through the Nigerian<br />

political landscape.<br />

Some weeks ago, the FBI made<br />

a significant announcement. They<br />

revealed their intention to release<br />

2,500 documents connected to<br />

Tinubu. These documents will<br />

be unveiled at a rate of 500 per<br />

month, commencing in October.<br />

This disclosure comes in response<br />

to a Freedom of Information<br />

Request filed by investigative<br />

Nigerian journalist David<br />

Hundeyin and several others,<br />

shedding light on the quest for<br />

50<br />

Accomplish Magazine

transparency and information.<br />

Tinubu’s Guinean<br />

Citizenship Case<br />

Another case unearthed by<br />

Hundeyin pertained to President<br />

Bola Tinubu’s Guinean citizenship.<br />

According to Hundeyin’s findings,<br />

Tinubu failed to declare in his<br />

form EC9, submitted to INEC, that<br />

he held the citizenship of Guinea.<br />

This information raised significant<br />

legal questions.<br />

Accusations of<br />

Perjury<br />

Hundeyin didn’t stop at mere<br />

revelations; he also made serious<br />

allegations. He accused Bola<br />

Ahmed Tinubu of committing<br />

perjury, stating that the former<br />

Lagos State governor should face<br />

a 14-year jail term as per Nigerian<br />

laws. This accusation was based<br />

on Tinubu’s alleged failure to<br />

declare his Guinean citizenship in<br />

his INEC submission.<br />

The Ongoing Pursuit<br />

of Accountability<br />

David Hundeyin’s work goes<br />

beyond exposing corruption<br />

and misdeeds in Nigerian<br />

politics. It reflects his unwavering<br />

determination to ensure those<br />

in leadership positions are held<br />

accountable for their actions. His<br />

work embodies the fundamental<br />

principle that no one should be<br />

above the law, regardless of<br />

status or position.<br />

Latest Updates on<br />

David Hundeyin’s<br />

Refugee Status<br />

In recent developments,<br />

David Hundeyin’s refugee status<br />

has been spotlighted. He has<br />

reportedly sought refuge outside<br />

Nigeria, potentially due to threats<br />

and harassment. This raises<br />

concerns about the safety of<br />

people who dare to challenge<br />

the status quo and demand<br />

accountability in Nigeria.<br />

Alleged Hunt for<br />

David Hundeyin<br />

by the Nigerian<br />

Government<br />

The Nigerian government’s<br />

alleged hunt for David Hundeyin<br />

adds a chilling layer to this<br />

narrative. It underscores the<br />

challenges and risks those<br />

determined to expose the<br />

truth face. Hundeyin’s work<br />

has put him in the crosshairs<br />

of powerful figures who may<br />

be uncomfortable with his<br />

revelations.<br />

In Nigerian journalism and<br />

activism, David Hundeyin<br />

shines as a beacon of hope,<br />

determined to hold Nigeria’s<br />

leadership accountable. Through<br />

his investigative journalism and<br />

unyielding commitment to truth<br />

and integrity, Hundeyin continues<br />

to impact the nation’s political<br />

landscape profoundly. His work<br />

reminds us that the pursuit of<br />

accountability is a collective<br />

responsibility, and in doing so, we<br />

can pave the way for a better,<br />

more prosperous Nigeria.<br />

David Hundeyin’s journey is<br />

far from over, and it is one that<br />

the nation watches with bated<br />

breath, eager to witness the<br />

positive changes he seeks to<br />

bring about.<br />

Harry Choms<br />


Harry Choms is a freelance<br />

writer with a passion for<br />

words and a keen eye for<br />

details, an editor, and an avid<br />

tech believer. His works can<br />

be seen on EntrepreneurNG.<br />

com, Imautomator, Secureblitz,<br />

Withinnigeria, Feelgospel,<br />

Kemifilani, and Glamsquad<br />

Magazine. He is the Webmaster<br />

and sole owner of Matrismart.<br />

com and biowiki.com.ng.<br />

Accomplish Magazine 51

Hello invaluable readers. Team Accomplish wishes you the<br />

best as you soar through the penultimate month of <strong>2023</strong>!<br />

We will love to hear what you think about these<br />

enlightenment tit bits put together to boost your drive for more<br />

accomplishments.<br />

Please, send your comments or enquiries to:<br />

info@theaccomplishmagazone.com<br />

Genuine Love Conquers All Opposition<br />

Her dad told her, “If you<br />

marry that man you will<br />

never set foot in this<br />

house again.”<br />

Mary soon learned that<br />

most people felt the same way.<br />

The first years of their marriage<br />

living in Birmingham were hell--<br />

no one would speak to them,<br />

they couldn’t find anywhere to<br />

live because no one would rent<br />

to a black man, and they had<br />

no money. But they didn’t give<br />

up.<br />

Gradually life became<br />

easier. Mary got teaching<br />

jobs, ending up as a deputy<br />

head teacher. Jake worked<br />

in a factory and then got a<br />

job at the Post Office. Slowly<br />

they made friends, but it was<br />

difficult. Mary used to tell<br />

people, “before I invite you<br />

to my home.... my husband is<br />

black.” Some would never talk<br />

to her again.<br />

Last year they celebrated<br />

their 70th anniversary and they<br />

are still very much in love, and<br />

never regretted what they did.<br />

Editor’s Note: This piece was<br />

originally posted by Violetta<br />

Calvino on Quora.com.<br />

52<br />

Accomplish Magazine

Hats Off for an Iron Lady!<br />

LeBron James<br />

Shines Distinctly<br />

LeBron Raymone James<br />

Sr. came into basketball<br />

reckoning with no father,<br />

no education, no training,<br />

and very few role models.<br />

With unusual dedication<br />

and discipline, he has<br />

risen to become an almost<br />

unparalleled sports icon. He<br />

was the young, dirt-poor kid<br />

that worked so hard and<br />

remained disciplined to be<br />

handed $420,000 per week<br />

at the age of 18!<br />

He married his high school<br />

sweet heart. He was never<br />

arrested. He never used<br />

drugs. He never humiliated<br />

his spouse with side chick<br />

stories. He had no outside<br />

babies.<br />

Lebron has never been<br />

in the news with so much<br />

as a parking ticket! He is an<br />

excellent father of 3; heavily<br />

Inspiration with rugged<br />

nerves is what this young<br />

lady exudes... She is Muniba<br />

Mazari. She is a Pakistani<br />

activist and motivational<br />

speaker, also known as iron<br />

lady of Pakistan. She is also the<br />

national ambassador for UN<br />

women Pakistan.<br />

She was 18 years old when<br />

she got married. Her father<br />

wanted her to marry, and she<br />

said ‘yes’ because she thought<br />

it would make her father happy.<br />

It wasn’t a happy marriage.<br />

Just after 2 years of marriage,<br />

they met with an accident.<br />

Her husband was sleepy, and<br />

their car fell in a ditch. He<br />

managed to save himself by<br />

jumping out from the car but<br />

she wasn’t able to, and stayed<br />

inside the car. In the accident,<br />

her wrist,shoulder bone, collar<br />

bone were fractured. Her<br />

whole rib cage got fractured.<br />

And because of the rib cage<br />

involved with his children’s<br />

activities and everywhere in his<br />

children’s lives. To many people,<br />

he is the greatest basketball<br />

player on the PLANET today!<br />

Indeed, 20 years after his<br />

NBA debut, he is still the same<br />

LeBron James - with same<br />

maturity, same sweet heart<br />

and never remarried! It’s been<br />

the same family through the<br />

years and his reputation is still<br />

intact.<br />

Now earning close to $2<br />

million per week, he has sent<br />

over 1,100 children to college on<br />

full scholarship.<br />

No sane person can hate<br />

LeBron (King James)! He is<br />

humanity, the best ingredient<br />

in nature.<br />

Editor’s Note: This inspiring<br />

piece was slightly edited to<br />

fit Accomplish Magazine’s<br />

standards. It was originally<br />

written by Matthew Brooks<br />

and published by Quora.com.<br />

injury,lungs and liver were too<br />

injured. She lost urinal bowel<br />

control. 3 vertebrae of her<br />

backbone were completely<br />

crushed and she got paralyzed<br />

for rest of her life.<br />

She underwent through<br />

different surgeries. She wanted<br />

to become an artist, but will<br />

not be able to paint again due<br />

to wrist and arm deformation.<br />

She won’t be able to walk again<br />

because of the spine injury.<br />

And the biggest thing that<br />

happened to her was that she<br />

will never be able to give birth.<br />

But this lady is indeed brave,<br />

She didn’t gave up. Inspite of<br />

knowing that she won’t be able<br />

to draw again, she made her<br />

first painting on her death bed.<br />

She added new colours to her<br />

life.<br />

One by one, she wanted to<br />

overcome through her fear.<br />

Her biggest fear was getting<br />

divorce from her husband<br />

but she decided to make her<br />

emotionally and mentally strong<br />

that when she heard the news<br />

that her husband is getting<br />

married to another woman, she<br />

sent him a text “I am happy for<br />

you and I wish you all the best”.<br />

Her second most biggest fear<br />

was, not able to give birth. But<br />

then she realized, there are so<br />

many abandoned and orphan<br />

children, so she adopted a<br />

child.<br />

She is a great example and<br />

inspiration to all of us to never<br />

give up in life. Hats off to her!<br />

There are many ups and<br />

downs; it depends on us how<br />

we tackle them. Stop worrying<br />

about what others think about<br />

you. No one is born perfect.<br />

Never complain for what you<br />

don’t have. Instead, be grateful<br />

for what you have.<br />

Editor’s Note: Mazari’s<br />

story, slightly edited here, was<br />

originally published in Quora.<br />

com courtesy of Surinder Puri.<br />

Accomplish Magazine 53


Twitter is Dead and Threads is Thriving<br />

Just over a year ago, Elon<br />

Musk — on the eve of closing<br />

his deal to buy Twitter for $44<br />

billion — dragged a sink into the<br />

company’s headquarters in San<br />

Francisco. Today, let’s talk about<br />

how the ensuing 12 months<br />

reshaped social networks, both<br />

in the ways Musk planned and<br />

in ones he likely never guessed.<br />

Few events in tech over<br />

the past decade have been<br />

chronicled as Musk’s Twitter<br />

takeover and everything that<br />

followed. Most readers here<br />

already know too well the<br />

stories: the massive layoffs,<br />

the disastrous changes to<br />

verification, the smearing<br />

of former head of trust and<br />

safety, Yoel Roth, the purge<br />

of employees perceived as<br />

disloyal.<br />

All that happened within<br />

the first few weeks. By mid-<br />

December, we predicted that<br />

in <strong>2023</strong> “Elon Musk’s continued<br />

promotion of right-wing<br />

causes and personalities will<br />

push away more and more<br />

high-profile users, who find<br />

themselves increasingly put<br />

off by his shock-jock antics<br />

and whim-based approach to<br />

content moderation.”<br />

And that transpired more or<br />

less exactly as written, though<br />

it left out the impact of Musk’s<br />

equally whim-based approach<br />

to software development. Musk<br />

temporarily banned critical<br />

journalists and stripped the rest<br />

of their verification badges; he<br />

ordered the development of a<br />

system that showed his tweets<br />

first; he removed headlines<br />

from links and created a system<br />

that funded the spread of<br />

misinformation. He restored<br />

banned users to the platform<br />

and sued a non-profit that<br />

accused the company of<br />

spreading hate speech.<br />

By July, Twitter was no more,<br />

replaced with the confusing<br />

jumble of product ideas known<br />

as X. The man who Jack Dorsey<br />

had singularly entrusted with<br />

ensuring the future of the<br />

platform had taken just nine<br />

months to erase its name from<br />

existence.<br />

As we approach the<br />

anniversary of the deal<br />

closing, the cumulative effect<br />

of these changes and others<br />

has become clear. Daily users<br />

are down about 16 per cent,<br />

according to the Wall Street<br />

Journal. Banks that financed<br />

the deal are saddled with debt<br />

that they will have to sell at a<br />

discount, assuming they can sell<br />

it at all.<br />

And Musk’s planned pivot<br />

to subscriptions flopped<br />

at the same time that the<br />

company’s advertising business<br />

collapsed, Aisha Counts noted<br />

at Bloomberg: “The main plank<br />

of Musk’s plan for Twitter (now<br />

called X) was to shift away from<br />

advertising and toward paid<br />

subscriptions. A new analysis<br />

from independent researcher,<br />

Travis Brown, estimates that<br />

950,000 to 1.2 million people<br />

now pay for X’s $8 monthly<br />

premium service. That means X<br />

persuaded less than 1% of users<br />

to sign up — and translates to<br />

revenue of less than $120 million<br />

annually from the company’s<br />

subscription service, not<br />

including app store fees from<br />

Apple Inc. and Google.<br />

“This is hardly a replacement<br />

for the ad revenue that Twitter<br />

relied on in the pre-Musk era<br />

— about $4.5 billion in its last<br />

full year as a public company.<br />

Meanwhile, many of X’s top<br />

advertisers, such as Mondelez<br />

International, Coca-Cola, IBM<br />

and HBO, are spending less<br />

than they were before Musk<br />

took over, largely because of<br />

policies he’s implemented that<br />

have made the service more<br />

chaotic and unpredictable.<br />

Collectively, X’s top five<br />

advertisers are spending 67%<br />

less on ads than they did before<br />

the acquisition, according to<br />

data from market intelligence<br />

firm Sensor Tower. Some large<br />

ad agencies have said they<br />

don’t plan to spend money on X<br />

at all.”<br />

Now, most of the former<br />

Twitter employees have made<br />

peace with Twitter’s demise.<br />

Musk renaming the company to<br />

X proved surprisingly helpful in<br />

the grieving process: the move<br />

made it clear once and for all<br />

that the company they worked<br />

for was gone. They have new<br />

jobs, or are working on startups,<br />

and are occupied with<br />

different corporate battles.<br />

Editor’s Note: This piece was<br />

originally posted by Casey<br />

Newton and Zoe Schiffer of<br />

‘The Platformer’ on Substack<br />

Inc.<br />

54<br />

Accomplish Magazine

Hard Truths That<br />

Make Life Better.<br />

• z Do not date while you’re broke,<br />

in terrible shape, miserable, or<br />

your life is chaotic. Get your life in<br />

order first.<br />

• z You should either have a<br />

supportive partner or no partner;<br />

there’s no third option.<br />

• z The best revenge is getting<br />

yourself to a place where you no<br />

longer care about it.<br />

• z If someone can’t acknowledge<br />

their flaws, they lack selfawareness<br />

and pose a danger.<br />

• z Just because a relationship has<br />

lasted a long time doesn’t mean<br />

it’s successful.<br />

• z Self-respect is derived from<br />

self-control, not from pleasing<br />

others or seeking external<br />

validation.<br />

• z Don’t waste your time and<br />

energy on social media, overthinking,<br />

or meaningless<br />

relationships.<br />

• z If you always believe your<br />

happiness is somewhere else,<br />

you’ll never find it where you<br />

are.<br />

• z Life doesn’t wait for you to be<br />

okay; get up every day and<br />

keep pushing through.<br />

• z 10. Free yourself from society’s<br />

advice; most people don’t know<br />

what they’re doing.<br />

This Information Age in which<br />

Many Live Incommunicado!<br />

In December 2003, Joyce<br />

Vincent died of an asthma<br />

attack in her North London flat.<br />

The television was still on. The<br />

mail continued to be delivered.<br />

Her rent was automatically<br />

deducted from her bank<br />

account. The days passed, and<br />

nobody realized that she had<br />

died.<br />

The days became weeks<br />

and the weeks into months.<br />

There were large containers in<br />

the building next to hers, so the<br />

neighbors should have paid<br />

more attention to the smell<br />

coming from her apartment. The<br />

flat was full of noisy kids and<br />

teens, and no one questioned<br />

the constant buzz of the TV in<br />

the background.<br />

Finally, Joyce’s bank account<br />

dried up. Her landlord sent her<br />

collection letters. Like the others,<br />

those letters fell on the piles of<br />

junk scattered on the floor. They<br />

received no response. Finally,<br />

with over six months of rent<br />

overdue, the landlord obtained<br />

a court order to evict her by<br />

force from the premises. Court<br />

officers broke down the door,<br />

and they only discovered her<br />

body. It was January 2006,<br />

more than two years after her<br />

death.<br />

At that time, no one came<br />

looking for Joyce Vincent.<br />

Neither family, friends,<br />

coworkers, nor neighbors<br />

knocked on the door to see if<br />

everything was going well. No<br />

one called. No one signed up.<br />

She was 38 years old when she<br />

died.<br />

This story is incredible for<br />

its social implications. It seems<br />

incomprehensible that whole<br />

years go by without anyone<br />

realizing a person has died.<br />

However, these kinds of stories<br />

happen often. Indeed, you<br />

have seen a level similar to<br />

that of Joyce Vincent. And they<br />

are all the same.<br />

A person lives alone. They<br />

lose contact with family and<br />

friends. They never get to<br />

know their neighbors. They<br />

stay locked up with their TV or<br />

computer for years. The world<br />

moves on as if they were no<br />

longer there until, one day, they<br />

are gone.<br />

Editor’s Note: This piece<br />

was first posted by Mr. Shelby<br />

on Quora.com with a different<br />

title.<br />

Accomplish Magazine 55

Dutch Art Detective<br />

Retrieves Six<br />

Additional Stolen<br />

Paintings<br />

A<br />

Dutch art detective<br />

has unearthed six more<br />

paintings, including<br />

a picture of William<br />

of Orange and the earliest<br />

representation of a 7th-century<br />

king.<br />

Arthur Brand, who made<br />

headlines around the world<br />

last month after recovering a<br />

stolen Van Gogh tucked inside<br />

an Ikea bag, believes his well<br />

reported success has led to<br />

other discoveries.<br />

Last month, thieves stole six<br />

paintings from the town hall of<br />

Medemblik in the northern part<br />

of Netherlands.<br />

While the haul’s monetary<br />

value is not vast - around €100,000<br />

(£87,000), the paintings are<br />

regarded to be of tremendous<br />

historical significance. They<br />

contain the earliest known<br />

portrait of Radbod, the Frisian<br />

ruler from AD680.<br />

56<br />

Accomplish Magazine

ARTS &<br />


Musée d’Orsay Exhibition Explores the<br />

Last Two Months of Van Gogh’s Life<br />

By Damian Ikenna Ngere<br />

Damian<br />

Ikenna Ngere<br />


Ikenna is a graduate of Physics<br />

and Education, who works as a<br />

freelance writer. He has interest in<br />

technology, humanity and sports.<br />

This year commemorates<br />

the 170th anniversary of<br />

Vincent van Gogh’s birth,<br />

but his final months are the<br />

focus of a major exhibition<br />

at Paris’ Musée d’Orsay. “Van<br />

Gogh in Auvers-sur-Oise:<br />

The Final Months” (through<br />

February 4, 2024), organised<br />

in collaboration with the Van<br />

Gogh Museum in Amsterdam,<br />

brings together 48 of the 74<br />

paintings and 25 of the 33<br />

drawings, many of which<br />

are being shown in Paris for<br />

the first time, that the Post-<br />

Impressionist made between<br />

May 20, 1890, when he moved<br />

to Auvers-sur-Oise, and his<br />

death on July 29, 1890.<br />

Van Gogh relocated to<br />

Auvers-sur-Oise, a pastoral<br />

commune about 20 miles<br />

northwest of Paris, to be<br />

closer to his brother, art dealer<br />

Theo, and his young nephew,<br />

Vincent Willem, as well as to<br />

seek treatment from Dr. Paul<br />

Gachet.<br />

The first gallery of the<br />

Orsay show concentrates on<br />

Gachet, who made a career<br />

out of treating sadness, the<br />

subject of his thesis, and<br />

treated painters like as Paul<br />

Cezanne, Armand Guillaumin,<br />

and Camille Pissarro. Gachet<br />

treated van Gogh as both a<br />

patient and a friend, often<br />

inviting him over for lunch on<br />

Sundays. Among the paintings<br />

on display are van Gogh’s<br />

portraits of Gachet, including<br />

the famous 1890 painting<br />

bequeathed to the Musée<br />

d’Orsay in 1949, as well as the<br />

artist’s only etching; Gachet<br />

having provided the materials<br />

for it.<br />

Accomplish Magazine 57


SERIES<br />





Introduction<br />

By Victor Olewunne<br />

In today’s Nigeria, we often hear discussions about the<br />

state of our economy, the wealth gap, and the concentration<br />

of power and wealth among a select few. While we sing the<br />

praises of the super-rich (who, in most cases, are rich without<br />

productive industry), we also lament the deplorable situation<br />

of the majority, the masses of the country. The term “captured<br />

economy” has gained prominence as it describes a situation<br />

where certain groups or individuals exert disproportionate<br />

influence over economic policies and decision-making<br />

processes. In such an environment, the role of ethics becomes<br />

even more crucial. This write-up delves into the concept of a<br />

captured economy and explores the critical place of ethics in<br />

mitigating its negative effects.<br />

Defining a<br />

Captured<br />

Economy<br />

A captured economy<br />

refers to a system in which a<br />

few influential entities, often<br />

large corporations, wealthy<br />

individuals or politicians (in the<br />

case of Nigeria) wield undue<br />

influence over government<br />

policies, regulations, and<br />

market dynamics. In such an<br />

environment, the interests of<br />

these powerful actors tend<br />

to take precedence over the<br />

broader public good. As a result,<br />

wealth and resources become<br />

concentrated in the hands of<br />

a select few, while the majority<br />

of the population struggles<br />

with economic disparities and<br />

reduced opportunities.<br />

58<br />

Accomplish Magazine


SERIES<br />

broadly demonstrated when a<br />

member of the upper legislative<br />

chamber complained that bills<br />

that have serious economic<br />

impact on the well-being<br />

of Nigerians were being<br />

rushed and approved by<br />

the president of the Senate<br />

without adequate inputs from<br />

the members of the legislative<br />

house.<br />

The Ethical<br />

Imperative<br />

Ethics in a captured<br />

economy like Nigeria is not<br />

just a matter of personal<br />

or corporate morality; it is<br />

a fundamental element of<br />

preserving the health and<br />

fairness of an economy and its<br />

populace. Here are some key<br />

reasons why ethics are vital in<br />

such an economic system:<br />

Fairness and Justice: In<br />

a captured economy, the<br />

distribution of wealth and<br />

opportunities can be highly<br />

skewed. Ethics compel us<br />

to consider the principles of<br />

fairness and justice, ensuring<br />

that economic benefits are<br />

distributed equitably, and that<br />

vulnerable communities are<br />

not left behind. In Nigeria, it is<br />

not only that such communities<br />

are left out, they are ridiculed<br />

by the privileged few. It<br />

was despicable to hear the<br />

country’s upper legislative<br />

chamber joking with those<br />

words: “Let the poor breathe”.<br />

It shows that they have lost<br />

every sense of fairness to the<br />

very people they were elected<br />

to represent.<br />

Transparency &<br />

Accountability:<br />

Ethical standards require<br />

transparency in economic<br />

decision-making and<br />

accountability for actions that<br />

harm society. In a captured<br />

economy, transparency<br />

can help reveal the extent<br />

of influence by powerful<br />

entities and hold them<br />

responsible for their actions.<br />

The absence of this was<br />

Safeguarding<br />

Democracy:<br />

An economy captured by a<br />

few can erode democratic<br />

principles. Nigeria is a classical<br />

example. Ethical considerations<br />

demand that the interests of<br />

the majority are not subverted<br />

for the gains of a privileged few,<br />

thus preserving the foundations<br />

of democracy. It has been<br />

proven, time and time again,<br />

that the votes of the people<br />

do not count in elections in<br />

Nigeria. The interest of a few,<br />

we have come to recognise as<br />

“the cabal” wins the day all the<br />

time.<br />

Sustainability:<br />

Ethical Economics takes<br />

into account long-term<br />

sustainability, ensuring<br />

that current practices do<br />

not deplete resources or<br />

harm future generations.<br />

Unfortunately, the established<br />

norm since the last regime in<br />

Nigeria is to spend-forward.<br />

Typical of a captured<br />

economy, the policy makers<br />

prioritise short-term gains over<br />

sustainability, which can have<br />

detrimental consequences for<br />

the environment and society.<br />

We consistently borrow for<br />

immediate consumption and<br />

use future earnings to service<br />

unproductive debts.<br />

Accomplish Magazine 59


SERIES<br />

Social Cohesion:<br />

Ethical economic policies<br />

can foster social cohesion by<br />

reducing disparities, promoting<br />

economic mobility, and building<br />

trust between different sectors<br />

of society. In contrast, a<br />

captured economy can lead to<br />

increased social tensions and<br />

division. This reality in Nigeria is<br />

constantly spiced with ethnic<br />

and religious divisiveness<br />

by politicians. The numerous<br />

agitations by IPOB, Niger Delta<br />

Militant, Oduduwa Group etc.<br />

are all signs of failing social<br />

cohesion. The restiveness of the<br />

youth is also there, an angle<br />

that is guaranteed to endure.<br />

Innovation and<br />

Competition:<br />

An economy dominated by a<br />

select few may stifle innovation<br />

and competition as these<br />

entities have the means to<br />

suppress smaller competitors.<br />

We have seen it in the way<br />

competitive environment<br />

was destroyed in the cement<br />

business in Nigeria, as well as<br />

in other areas. With most of<br />

the raw materials for cement<br />

production found within the<br />

country, Nigerians still pay the<br />

highest price per bag in Africa.<br />

Under normal circumstances,<br />

ethical principles encourage<br />

open and competitive markets,<br />

which can foster economic<br />

growth and innovation. It is no<br />

surprise then, that Nigeria is<br />

suffering economic stagnation.<br />

Practical<br />

Applications of<br />

Ethical Principles<br />

To address the challenges<br />

posed by a captured<br />

economy, the following ethical<br />

principles and actions can be<br />

applied:<br />

Strong,<br />

Independent<br />

Regulations:<br />

I emphasize the word<br />

‘independent’ to ensure<br />

absence of undue influence<br />

(as is always the case in<br />

Nigeria) in the regulation<br />

process. This will implement<br />

and enforce regulations that<br />

prevent undue influence<br />

and monopolistic behaviour.<br />

These regulations should<br />

be designed to protect the<br />

interests of the broader<br />

population, especially<br />

by protecting smaller<br />

businesses.<br />

Transparency<br />

Initiatives:<br />

These will promote<br />

transparency in political and<br />

economic decision-making,<br />

making information readily<br />

available to the public<br />

which can help citizens<br />

hold influential entities<br />

accountable. Nigeria’s FOI<br />

Act is designed to serve this<br />

purpose.<br />

Anti-Corruption<br />

60<br />

Accomplish Magazine


SERIES<br />

suppression. The African<br />

Foundation for Ethics and Social<br />

Responsibility has come on<br />

stream to lend a voice to this<br />

advocacy.<br />

Conclusion<br />

In a captured economy,<br />

ethical considerations are<br />

not just a nice-to-have but<br />

a necessity. They are the<br />

safeguards that protect society<br />

from the undue influence of<br />

powerful entities and ensure<br />

that economic policies as well<br />

as related social and political<br />

concerns and practices<br />

benefit the greater good. By<br />

championing transparency,<br />

fairness, sustainability, and<br />

accountability, we can strive<br />

to restore balance and equity<br />

in Nigeria’s economic systems,<br />

ultimately creating a more just<br />

and prosperous society for all.<br />

Measures:<br />

The implementation and<br />

enforcement of anticorruption<br />

laws and<br />

mechanisms will ensure<br />

that unethical practices are<br />

deterred and punished. The<br />

agencies responsible for this<br />

must also be ‘independent’<br />

to be effective; not the type<br />

in Nigeria, where only those<br />

aligned to opposition political<br />

parties are harassed as<br />

corrupt.<br />

Promote Fair<br />

Competition: Ethical<br />

principles will encourage and<br />

support small businesses<br />

and start-ups by creating<br />

an environment in which<br />

they can thrive, fostering<br />

competition and innovation.<br />

This is crucial because, while<br />

they are considered the<br />

engine of growth, they are<br />

also the weakest and most<br />

vulnerable group.<br />

Empower Civil<br />

Society:<br />

Application of ethical<br />

principles also supports<br />

civil society organisations<br />

and independent media to<br />

act as watch dogs, holding<br />

those in power accountable<br />

and advocating for ethical<br />

policies. To get this right, the<br />

voices of these groups should<br />

never be stifled through<br />

Victor<br />

Olewunne<br />


Victor Olewunne is a public<br />

affairs analyst and Founder,<br />

African Foundation for Ethics<br />

and Social Responsibility<br />

Accomplish Magazine 61

Natures Embrace:<br />

Rotating Bamboo Screens<br />

Transform Furnish Studio<br />

in Thailand<br />

rchitecture practise<br />

A11.29 painting studio<br />

in Thailand was<br />

opened up to<br />

the surrounding<br />

countryside by<br />

using rotating<br />

bamboo screens.<br />

Furnish Studio, located by<br />

a pond in an agricultural area<br />

in Rayong, was created for a<br />

local oil painter who wanted a<br />

well-ventilated, open place that<br />

could serve as both a work and<br />

show location.<br />

In other to achieve this, 11.29<br />

Studio designed a square area<br />

encircled by a verandah that<br />

allows ventilation and sunlight<br />

to be controlled by full-height,<br />

rotating screens constructed<br />

using local bamboo.<br />

Furnish Studio’s entrance is<br />

framed by two high concrete<br />

By Damian Ikenna Ngere<br />

walls made from excess<br />

cylindrical and cuboid spacers<br />

from a local manufacturing.<br />

Steps lead up to the studio,<br />

which is elevated from the<br />

ground to decrease the risk of<br />

flooding and prevent animals<br />

from entering.<br />

Fieldwork’s Architectural Triumph:<br />

A Look at 38 Albermarle Street Residence<br />

The first medium-density<br />

“built-to-rent-toown”<br />

(BTRTO) building in<br />

Australia, 38 Albermarle Street,<br />

was designed by Fieldwork for<br />

Assemble, enabling healthier,<br />

more socially integrated,<br />

and financially sustainable<br />

residences in Melbourne’s<br />

inner north-west. The 73-unit<br />

project, which includes one,<br />

two, and three-bedroom units,<br />

is the first step in implementing<br />

Assemble Futures’ BTRTO plan.<br />

The project, constructed<br />

by housing developer and<br />

community management<br />

business Assemble, allows<br />

tenants to rent new apartments<br />

for up to five years with the<br />

opportunity to buy the property<br />

at the conclusion of the lease<br />

period for a fixed fee. 38<br />

Albermarle Street questions<br />

and enhances normal mediumdensity<br />

living norms while<br />

creating chances for residents<br />

to meaningfully connect with<br />

the landscape, the surrounding<br />

urban fabric, and one another.<br />

The existing edifice on the site,<br />

constructed by Australian architect<br />

Harry A. Norris, is a noteworthy<br />

early industrial complex that was<br />

a former recording studio, CD and<br />

cassette manufacturing Dex Audio.<br />

The goal of Fieldwork’s design was<br />

to find a solution to adapt the site<br />

to its new residential role while<br />

respecting the existing structure.<br />

This was accomplished through<br />

interventions on the ground plane<br />

and efforts to engage in discourse<br />

with the neighborhood’s broader<br />

context.<br />

62<br />

Accomplish Magazine

According to the National<br />

Building Museum, Theaster<br />

Gates will be the 25th laureate<br />

of the Vincent Scully Prize. The<br />

prize was established in 1999<br />

to recognize excellence in the<br />

domains of design, architecture,<br />

historic preservation, urban<br />

design, practice, and criticism.<br />

Theaster Gates is a worldrenowned<br />

artist known for his<br />

interdisciplinary approach to<br />

social performance, urban<br />

regeneration, and cultural<br />

engagement.<br />

Theaster Gates is well<br />

recognized for his unique<br />

perspective on art and society<br />

GRAND<br />

DESIGN<br />

Theaster Gates Honored<br />

with the Prestigious <strong>2023</strong><br />

Vincent Scully Prize<br />

development, which he<br />

developed in Chicago. His work<br />

investigates Black culture from<br />

several perspectives through<br />

land development, sculpture,<br />

performance, and spatial<br />

theory.<br />

In fact, he reimagined the<br />

role of the artist as a change<br />

agent, thinker, maker, and<br />

builder. Gates has made it his<br />

mission to restore blighted<br />

neighborhoods, drawing<br />

on his background in urban<br />

planning and preservation and<br />

emphasizing the concept of “life<br />

within things.” Gates has also<br />

pioneered a groundbreaking<br />

concept for land art and<br />

community investment, which<br />

has received accolades from<br />

city planners, architects, artists,<br />

and innovators alike.<br />

The Vincent Scully Prize was<br />

awarded to Theaster Gates by<br />

a commission chaired by Ellen<br />

Dunham-Jones and included<br />

of notable personalities such<br />

as Paul Goldberger, Nancy<br />

Levinson, Stephen Luoni, and<br />

Walter Hood.<br />

Damian<br />

Ikenna Ngere<br />


Ikenna is a graduate of Physics<br />

and Education, who works as a<br />

freelance writer. He has interest in<br />

technology, humanity and sports.<br />

Accomplish Magazine 63

HEALTH<br />

The Health Benefits<br />

of Dandelion<br />

Dandelion is scientifically<br />

known as taraxacum<br />

officinale and popularly<br />

known as “efo yanrin” in<br />

Yoruba language. It is also<br />

known as wild lettuce to<br />

some and as a weed to others.<br />

However, looking beyond its<br />

appearance lies a rich history, a<br />

host of advantages, and a wide<br />

range of practical uses that<br />

have endeared it to herbalists,<br />

chefs, and traditional medicine<br />

practitioners for centuries.<br />

Historical<br />

Significance<br />

The history of dandelion is<br />

as diverse as its geographical<br />

range. Native to Eurasia, it has<br />

spread worldwide and adapted<br />

to various climates. It was<br />

brought to North America by<br />

European settlers in the 17th<br />

century, where it soon became<br />

a ubiquitous feature in gardens<br />

and meadows. Over the<br />

centuries, it has been associated<br />

with a myriad of cultural and<br />

medicinal uses.<br />

In traditional Chinese<br />

medicine, dandelion has been<br />

used to promote digestion, clear<br />

heat, and detoxify the body.<br />

In Europe, it was utilized for<br />

its diuretic properties and as a<br />

remedy for liver and digestive<br />

ailments. Native American<br />

tribes also valued the plant<br />

for its medicinal properties,<br />

often using it to treat various<br />

ailments.<br />

64<br />

Accomplish Magazine

By Tolulope Akinruli<br />

Health Benefits<br />

of Dandelion<br />

These are more than just a<br />

pretty face on your lawn;<br />

they offer a plethora of health<br />

benefits that you can ever<br />

imagine. Below is a list:<br />

1. High in Nutrients:<br />

These greens are packed with<br />

essential nutrients, including<br />

vitamins A, C, and K, as well as<br />

minerals like iron, calcium, and<br />

potassium.<br />

2. Digestive Aid: Dandelion<br />

root tea has been traditionally<br />

used to stimulate digestion and<br />

relieve constipation. It may<br />

also help with indigestion and<br />

bloating.<br />

3. Managing Liver<br />

Problems: It is believed<br />

to have cured various<br />

liver problems through its<br />

detoxification process. It<br />

promotes smooth flow of bile,<br />

which can help improve liver<br />

function.<br />

4. Anti-inflammatory<br />

Reaction: Dandelion contains<br />

antioxidants and antiinflammatory<br />

compounds<br />

that may help reduce some<br />

chemical reactions in the body<br />

and alleviate conditions like<br />

arthritis.<br />

5. Diuretic Properties:<br />

Its leaves have a natural<br />

diuretic property, promoting<br />

the elimination of excess fluids<br />

from the body, which may be<br />

beneficial for those with high<br />

blood pressure or edema.<br />

6. Managing Skin<br />

Problems: The sap from<br />

dandelion stems has been used<br />

topically to treat skin conditions<br />

like acne, eczema, insect bites,<br />

and even infections.<br />

How to use<br />

Dandelion<br />

Dandelion greens can be used<br />

in salads, sautéed, or added to<br />

soups and stews. The flowers<br />

can be used to make dandelion<br />

wine, and the roasted root can<br />

be used as a coffee substitute.<br />

For instance, coming back to<br />

Nigeria (particularly in Yoruba<br />

land), it is being used as a form<br />

of vegetable. For me, whenever<br />

l want to use it for health<br />

purposes, rather than squeezing<br />

the leaves to get it’s extract,<br />

l cook it with a mixture of<br />

pumpkin leaves (ugu) and scent<br />

leaves (efirin) which gives me a<br />

fine mixture of vegetable soup<br />

which goes well with rice and<br />

other foods. Some people prefer<br />

to mix it with melon.<br />

Again, dandelion roots and<br />

leaves can be dried and used<br />

to make teas, tinctures, or<br />

capsules for various health<br />

purposes. Its extract is found<br />

in some skincare products<br />

due to its potential benefits<br />

to smoothen and cure skin<br />

infections.<br />

Conclusion<br />

Dandelion, whether you<br />

want to improve your health,<br />

experiment in the kitchen,<br />

or enhance your garden, is<br />

unassuming plant that offers<br />

much more than meets the<br />

eye. So, the next time you see<br />

a dandelion, remember its long<br />

and storied history and perhaps<br />

consider incorporating it into<br />

your own life in one way or<br />

another. One thing you should<br />

know is that dandelion grows<br />

naturally on its own and it does<br />

not grow everywhere. Just try it<br />

and see its wonders.<br />

Tolulope Akinruli<br />


My love to impact knowledge<br />

to the young and old led me<br />

to research and writing. Also,<br />

l have been business-oriented,<br />

right from childhood, which<br />

made me focus more on<br />

driving the business world<br />

and also to help people grow<br />

their business. As a writer, I<br />

aim to create an insightful<br />

image in the minds of every<br />

reader for maximum wealth<br />

and health.<br />

Accomplish Magazine 65

Going Into<br />

Real Estate<br />

Business in<br />

Nigeria<br />

By John Abiodun Olaitan<br />

R<br />

eal estate<br />

business is<br />

one of areas<br />

of commercial<br />

operations that<br />

people hardly<br />

venture into in<br />

Nigeria. This is so because<br />

many people believe that the<br />

business involves risks and<br />

is not meant for those who<br />

cannot take risks.<br />

The truth, however, is that<br />

going into real estate business<br />

can turn you to an overnight<br />

millionaire!<br />

The information you need<br />

to hold onto, if you have been<br />

eyeing the sector but haven’t<br />

been able to make the move,<br />

is that you to go beyond the<br />

risk perceptions you have held<br />

about real estate. Yes, there is a<br />

lot of money to be made in the<br />

different aspects of real estate<br />

investment in Nigeria.<br />

For starters, it is important<br />

to note that, real estate has a<br />

very wide range of endeavours<br />

you can consider before<br />

deciding on which aspect to<br />

go into. In this first article, we<br />

will explore tso basic issues you<br />

must understand before we<br />

delve into the intricate aspects<br />

of real estate business and<br />

investments.<br />

How to Start<br />

How can you start real<br />

estate business investment<br />

in Nigeria? To answer this<br />

question without missing out<br />

anything, we have to list out all<br />

you need to know - step-bystep<br />

- what you need to get<br />

started.<br />

66<br />

Accomplish Magazine


AVENUE<br />

What Is Real<br />

Estate?<br />

Real estate is property<br />

consisting of land and/or<br />

the buildings on it along with<br />

any natural resource such as<br />

crops, minerals or water that is<br />

there; immovable property of<br />

this nature; an interest vested<br />

in such item of real property,<br />

buildings or housing in general.<br />

What Is Real Estate<br />

Business?<br />

Real estate business is<br />

a business entity that deals<br />

with the buying, selling,<br />

management or investment<br />

of real estate properties.<br />

Remember that real estate is<br />

the property, land, buildings,<br />

air rights above the land and<br />

underground rights - below the<br />

land.<br />

Starting a real estate<br />

business may not be easy but<br />

with the right preparation, it<br />

will be well worth the efforts<br />

and time. Best of all, there are<br />

several resources on small<br />

business systems that can<br />

make the learning process<br />

easier and more efficient. We<br />

John Abiodun<br />

Olaitan<br />


John Abiodun Olaitan is a real<br />

estate consultant, realtor and<br />

emerging developer and CEO of<br />

Arklanded Properties Ltd. He<br />

diversified into real estate after<br />

decades of experience in the<br />

oil and gas sector. He’s happily<br />

married with children.<br />

Accomplish Magazine 67

FOOD & WINE<br />

7 Ways to<br />

Make Meals<br />

Heart-Friendly<br />

By Tolulope Akinruli<br />

It is not always easy to make the<br />

best food decisions at any point<br />

in the year. There’s nothing<br />

wrong with indulging a little bit<br />

during any season, especially if you<br />

feast on food that’s good for your<br />

heart.<br />

However, you can fight the<br />

temptations of rich and fatty meals<br />

by planning ahead and preparing<br />

food items that are beneficial to<br />

your body. A little planning can help<br />

you avoid the famous, ‘my diet starts<br />

tomorrow,’ excuse and the guilt that<br />

goes with it.<br />

Here are 7 meal ingredients<br />

that nutritionists and doctors<br />

recommend wholeheartedly:<br />

to support the immune system.<br />

Not only are they high in fibre and<br />

vitamin B-C, they are also a great<br />

source of potassium and can help<br />

decrease blood pressure. Sweet<br />

potatoes are simple to prepare and<br />

there are a variety of ways to enjoy<br />

them. Just drizzle them in some<br />

olive oil and bake for about half an<br />

hour.<br />

cook them with olive oil or a touch<br />

of brown sugar and salt, and then<br />

microwave for 5 minutes. If you<br />

are not a fan of Brussels sprouts,<br />

replace them with other cruciferous<br />

or dark-green fall veggies such as<br />

broccoli, collard greens, kale and<br />

cauliflower. Studies have shown<br />

that eating, at least, two-and-a-half<br />

servings of vegetables daily can cut<br />

the risk of heart disease by about 25<br />

per cent.<br />

1. Sweet Potatoes<br />

These delicious vegetables are<br />

packed with anti-oxidants such as<br />

vitamin C and beta-carotene, which<br />

can be converted into vitamin A<br />

2. Brussels Sprouts<br />

Filling up on carbs and fatty<br />

foods won’t satisfy your body in a<br />

lasting way. If you’re looking for a<br />

savoury alternative to add to your<br />

plate and boost your heart health,<br />

go for Brussels sprouts - those<br />

green, cruciferous vegetables. Not<br />

only are they a nutritious side dish<br />

low in calories and packed with<br />

fibre (four sprouts contain only 40<br />

calories, 3 grams of dietary fibre and<br />

2 grams of protein), but Brussels<br />

sprouts are also an amazing source<br />

of vitamin C and folic acid. You can<br />

3. Apples<br />

Avoiding sweets can be tricky,<br />

but you can satisfy that craving with<br />

added health benefits by crunching<br />

on an apple. A recent Dutch study<br />

showed that eating a large amount<br />

68<br />

Accomplish Magazine

Heart Association, eating fish, at<br />

least, twice a week does wonders<br />

for your heart. Fatty fish such as<br />

salmon, mackerel, herring, lake<br />

trout and tuna are high in omega-3<br />

fatty acids, which help lower<br />

triglyceride levels, lower blood<br />

pressure, and decrease risk of<br />

abnormal heart beats (arrhythmias).<br />

Salmon also contains the carotenoid<br />

astaxanthin, which is a powerful<br />

antioxidant.<br />

and fight cardiovascular disease is<br />

to add extra virgin olive oil to salads<br />

or to grill and cook vegetables<br />

and meats with it. People who<br />

consistently use olive oil in their<br />

daily diets have fewer instances of<br />

heart disease, even if they normally<br />

have predisposition or high<br />

cholesterol levels, according to some<br />

studies. That’s because the main<br />

type of fat found in all kinds of olive<br />

oil are the healthy monounsaturated<br />

fatty acids (MUFAs), which<br />

have been found to lower total<br />

cholesterol and low-density<br />

lipoprotein (LDL) cholesterol levels.<br />

MUFAs may benefit insulin levels<br />

and blood sugar control, which can<br />

be helpful if you have or are at risk<br />

of type 2 diabetes. Just remember<br />

that you can’t make unhealthy foods<br />

healthier simply by adding olive oil!<br />

of fruits such as apples, pears,<br />

pears and bananas with white<br />

flesh protects the body against<br />

the incidence of stroke. The fibre<br />

content of apples also stops LDL<br />

(also known as “bad” cholesterol)<br />

from creating the build-up of plaque<br />

in the arteries. You can always add<br />

apples to green salads or serve<br />

in pies or puddings during the<br />

holidays.<br />

4. Salmon<br />

It might be tempting to keep<br />

snacking if you aren’t full. A healthy<br />

portion of grilled salmon is also a<br />

good source of protein, which will<br />

keep you full for a long period of<br />

time. According to the American<br />

5. Avocados<br />

Adding avocados to a salad or<br />

sandwich does a lot more than add<br />

flavour to a dull sandwich. As the<br />

only fruit that has monounsaturated<br />

fat, the avocado can lower LDL (bad)<br />

cholesterol levels, while raising the<br />

amount of HDL (good) cholesterol<br />

in your body: A one-ounce<br />

serving provides three grams of<br />

monounsaturated fat and 0.5 grams<br />

of polyunstaturated fat. In addition,<br />

they allow for the absorption of<br />

other carotenoids — especially betacarotene<br />

and lycopene , which can<br />

boost heart health.<br />

6. Olive Oil<br />

Skip the butter and hold the<br />

creamy dressings and invite olive<br />

oil into your meal planning. One of<br />

the easiest ways to help your heart<br />

7. Berries<br />

If you’re looking for a delicious,<br />

healthy and easy way to end a meal,<br />

you can’t go wrong with a colourful<br />

plate of mixed berries. Blueberries,<br />

raspberries, strawberries and<br />

boysenberries are all full of antiinflammatories,<br />

which reduce the<br />

risk of heart disease and cancer.<br />

You can always add some non-fat<br />

whipped cream to your berries if<br />

you are in the mood for a more<br />

decadent dessert.<br />

Editor’s Note: This piece<br />

was posted by Keck Medicine<br />

of USC on Quora.com. The<br />

photos used here were posted<br />

along with the write-up.<br />

Accomplish Magazine 69

Barbados:<br />

Experience<br />

True Caribbean<br />

Heritage<br />

Photo Credit: © Ingolf Pompe<br />

/ Image Professionals GmbH /<br />

Alamy Stock Photo<br />

By Sarah Holt<br />

Edited by Amaka Obiena<br />

Barbados is a siren for celebrities,<br />

who are lured to the island by its<br />

icing-white beaches and luxury<br />

hotels. However, there’s much more to<br />

this country than sand, sea, and star<br />

ratings.<br />

It is home to the world’s best<br />

surfing and scuba diving sites,<br />

the hallowed cricketing ground of<br />

Kensington Oval, and a collection<br />

of the Caribbean’s leading rum<br />

distilleries. Here are just a few reasons<br />

Barbados is not to be missed.<br />

Rum is the national drink<br />

of Barbados – the firewater<br />

has been produced on the<br />

island for over 350 years. If<br />

you’re interested in learning<br />

more about it, you can visit<br />

a distillery. Mount Gay in<br />

Bridgetown is one of the<br />

oldest. Here you can tour the<br />

molasses, fermentation, and<br />

distillation houses before<br />

settling down to a rum flight.<br />

Connoisseurs can also add<br />

the Foursquare Rum factory<br />

and the West Indies Distillery<br />

to their itinerary.<br />

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Accomplish Magazine

During the 17th and 18th<br />

centuries, Barbados was<br />

one of the sugar capitals<br />

of the Caribbean, and<br />

there were more than<br />

700 sugar estates on<br />

the island. One of them,<br />

St Nicholas Abbey, has<br />

been fully restored and is<br />

open to the public today.<br />

Visitors can explore the<br />

Jacobean mansion, ride<br />

through the plantation<br />

grounds on a heritage<br />

railway, discover the onsite<br />

distillery and learn all<br />

about the abbey’s history,<br />

which was as bitter as it<br />

was sweet.<br />

TRAVEL &<br />


Photo Credit:<br />

© Frank Fell /<br />

robertharding /<br />

Alamy Stock Photo<br />

Cricket is more than<br />

a sport in Barbados.<br />

It’s like a religion – and<br />

the prominent place to<br />

go for a pilgrimage is<br />

Kensington Oval, near<br />

Bridgetown. To get an<br />

insight into the history of<br />

the cricket ground – and<br />

to get a photo next to<br />

the pitch – you can take<br />

a guided tour on most<br />

weekdays. If you’re still<br />

hungry to learn more after<br />

the experience, head to<br />

the Legends of Barbados<br />

Cricket Museum across<br />

the road. It’s packed full of<br />

memorabilia.<br />

Photo Credit: © guy harrop<br />

/ Alamy Stock Photo<br />

Accomplish Magazine 71

Photo Credit: © Simon Dannhauer / Alamy Stock Photo<br />

Photo Credit: © Buzz Pictures / Alamy Stock Photo<br />

The sea around<br />

Barbados is tousled by<br />

trade winds almost all<br />

year round, giving the<br />

island some prime surfing,<br />

windsurfing, and kitesurfing<br />

spots. Peak season runs<br />

from November to June,<br />

when the winds consistently<br />

blow between 20 and 25<br />

knots. The waves at the<br />

Soup Bowl, off Bathsheba<br />

Beach, are amongst<br />

the most popular with<br />

experienced surfers. The<br />

water off Silver Rock Beach<br />

on the south coast is a<br />

magnet for wind and kite<br />

surfers.<br />

72<br />

Accomplish Magazine

There’s more to<br />

Barbados than the<br />

beaches. The interior is<br />

dotted with technicolour<br />

botanic gardens – pick<br />

from Hunte’s Garden,<br />

Andromeda, and the Flower<br />

Forest – and reserves like<br />

Barbados Wildlife Reserve,<br />

where you can spot green<br />

monkeys and love birds.<br />

The island’s beauty is<br />

more than skin-deep,<br />

too. Underground, in the<br />

centre of Barbados, there’s<br />

Harrisons Cave. You can<br />

take a tram tour here to<br />

see its fang-like stalactites,<br />

underground waterfall, and<br />

natural plunge pools.<br />

Photo Credit: © guy harrop<br />

/ Alamy Stock Photo<br />

At around 6 pm every Friday, mushroom clouds of smoke<br />

plume into the air above Oistins Bay Garden – marking the start<br />

of the weekly fish fry. Dozens of street food stands and shacks<br />

are open for the event, selling jerk chicken, flying fish, mahi<br />

mahi, and even lobster hot from the grill. Plates are always piled<br />

high, and rum punches are served strong. Plus, ska, reggae, and<br />

calypso music lilt out until late.<br />

Photo Credit: © WaterFrame_tfr /<br />

WaterFrame / Alamy Stock Photo<br />

Parrotfish, trumpet fish,<br />

and bright blue tang are<br />

some fish species you’ll<br />

see when you snorkel<br />

in Barbados. Going a<br />

little deeper beneath<br />

the surface on a scuba<br />

dive, you can explore<br />

shipwrecks, see turtles,<br />

and even swim with<br />

sharks. Carlisle Marine<br />

Park, near Bridgetown,<br />

is one of the top spots<br />

for both snorkeling and<br />

scuba. There are six<br />

shipwrecks here that<br />

thousands of stripey<br />

sergeant major fish and<br />

fluorescent damsel fish<br />

call home.<br />

Accomplish Magazine 73



AFRICA<br />

In Business, Finance,<br />

Entrepreneur,<br />

Technology And<br />

Politics In Africa<br />

By Damian Ikenna Ngere<br />


IMF, World Bank<br />

meetings come to<br />

an end in Morocco<br />

w The International Monetary<br />

Fund said on Saturday, October<br />

7 in Marrakesh, Morocco, that<br />

member countries had agreed<br />

to increase their contributions<br />

to the global lender and to<br />

grant Africa a third seat on its<br />

Executive Board.<br />

Officials from the<br />

International Monetary<br />

Fund urged their members<br />

to increase financing for the<br />

institutions so that they can<br />

better support governments in<br />

their battle against poverty and<br />

climate change.<br />

The meetings are being held<br />

on the African continent for<br />

the first time since 1973.<br />

w<br />

Ethiopia’s Prime Minister, Abiy<br />

Ahmed Meets with Chinese<br />

Counterpart in Beijing<br />

Ethiopian Prime Minister, Abiy Ahmed, who<br />

was in Beijing for the third Belt and Road Forum<br />

for International Cooperation, met with China’s<br />

Premier Li Qiang on Monday, October 16.<br />

Li stated that China was eager to<br />

collaborate with Ethiopia to help each other<br />

maintain internal stability while also achieving<br />

development and revitalization.<br />

He stated that Beijing is eager to enhance<br />

economic, trade, and other cooperation with a<br />

Addis Ababa in order to bring the two nations’<br />

interests closer together.<br />

74<br />

Accomplish Magazine


Massive Departure of Teachers in Zimbabwe Over Low Pay<br />

w<br />

According to the Zimbabwe Teachers’<br />

Association, there is a considerable teacher<br />

outflow in Zimbabwe, with over 300 educators<br />

leaving the country each month.<br />

The fundamental reason for this emigration<br />

is Zimbabwe’s low wages in comparison to<br />

other southern African countries.<br />

Despite the fact that compensation<br />

increases are difficult owing to economic<br />

restrictions, the country must develop<br />

measures to retain and attract teaching talent.<br />

South Africa’s Outsourcing Giant, SoluGrowth Expands to Egypt<br />

The opening of a new office for SoluGrowth,<br />

in Egypt, has been announced by the<br />

Information Technology Industry Development<br />

Agency (ITIDA). The first South African<br />

outsourcing firm, SoluGrowth, has made an<br />

investment in Egypt, joining a lengthy list<br />

of major outsourcing businesses who have<br />

placed significant bets on Egypt’s potential as<br />

a hub for international delivery centres. With its<br />

vast and multi-lingual talent pool, distinctive<br />

location, cutting-edge infrastructure, and<br />

exceptional<br />


Safaricom Introduces Innovative Tech<br />

Platform to Capture Youth Market<br />

Safaricom has introduced<br />

Safaricom Hook, a new platform<br />

aimed at empowering youths<br />

through the use of technology.<br />

The platform, which<br />

focuses on three main hooks—<br />

technology, career, and<br />

culture—aims to nurture and<br />

support the aspirations of<br />

the Gen Z demographic and<br />

transform their lives by serving<br />

as a technology enabler and<br />

providing access to specially<br />

made offerings that will make<br />

use of Safaricom’s extensive<br />

mobile network.<br />

In the Tech hook, Safaricom<br />

will empower youth with<br />

digital skills for a tech future<br />

through touchpoints such as<br />

Safaricom’s Digital Talent<br />

Programme and the Safaricom<br />

Engineering Community, as well<br />

as partnerships with several<br />

organisations such as the<br />

Power Learn Project, which<br />

empower African youth through<br />

software development.<br />

The Career Hook, which<br />

aims to prepare youth<br />

for conventional and<br />

unconventional careers,<br />

will come to life through<br />

collaboration with a variety<br />

of partners, including Meta<br />

and Wowzi, who will provide<br />

digital training to enable youth<br />

access to the gig economy,<br />

and Brighter Monday, who will<br />

provide guidance for those in<br />

conventional careers.<br />

In the Culture hook,<br />

Safaricom hopes to<br />

encourage GenZ to pursue<br />

interests such as sports (via<br />

Safaricom Chapa Dimba<br />

and the upcoming Safaricom<br />

Athletics series); content<br />

creation (via Baze, which<br />

allows creators to monetize<br />

their music and video content);<br />

and fashion (via partnerships<br />

such as Artfit, which will<br />

mentor upcoming designers,<br />

among others). Safaricom<br />

Hook will use M-PESA Go and<br />

the Mali wealth management<br />

platform to foster a savings<br />

culture.<br />

Accomplish Magazine 75



OpenAI’s Upgraded<br />

Image Detection<br />

Technology to Set<br />

New Accuracy<br />

Benchmark<br />

OpenAI is working on<br />

a programme that can<br />

detect photos generated by<br />

Artificial Intelligence (AI) with<br />

99% accuracy.<br />

OpenAI’s Chief<br />

Technology Officer, Mira<br />

Murati, stated at the Wall<br />

Street Journal’s Tech Live<br />

conference on Tuesday,<br />

October 17 that the tool<br />

is being internally vetted<br />

ahead of a scheduled public<br />

release and is “99% reliable.”<br />

Murati, who was speaking<br />

with OpenAI CEO Sam<br />

Altman, goes on to say that<br />

she wants the tool to be<br />

developed so that OpenAI<br />

users “don’t feel monitored.”<br />


Netflix Raises Subscription Prices Again Amid<br />

Password Sharing<br />

Netflix has hiked its fees once<br />

more. In its third-quarter earnings<br />

report, the streaming giant stated<br />

that its premium ad-free plan in<br />

the United States has increased<br />

by $3 per month, to $22.99 on<br />

Wednesday, October 18. Its basic<br />

one-stream package now cost<br />

$11.99 in the United States. All<br />

Nokia to Cut 14,000 Jobs From Payroll Following 69%<br />

Profit Fall<br />

Following a drop in thirdquarter<br />

results, Nokia announced<br />

on Thursday, October 19 that it<br />

other options,<br />

including its<br />

entry-level,<br />

$6.99-per-month<br />

ad-supported<br />

tier, remains<br />

unchanged.<br />

Netflix has<br />

recently raised<br />

the prices<br />

of various<br />

subscription<br />

packages in the<br />

United Kingdom<br />

and France.<br />

Last quarter,<br />

the company added 8.8 million<br />

users, representing a 9% yearover-year<br />

rise in average paid<br />

subscriptions. This compares to<br />

2.4 million in the third quarter of<br />

the previous year. In the third<br />

quarter, Netflix announced 247<br />

million paid global subscribers.<br />

would lose up to 14,000 jobs as<br />

part of a cost-cutting plan.<br />

The Finnish<br />

telecommunications giant<br />

announced plans to<br />

decrease its cost base<br />

and boost operational<br />

efficiency in order to<br />

“address the challenging<br />

market environment.”<br />

It intends to reduce<br />

its gross cost base by<br />

between 800 million euros<br />

($842.5 billion) and 1.2<br />

billion euros by the end of<br />

2026.<br />

This will cut the present<br />

workforce of 86,000 to<br />

between 72,000 and<br />

77,000.<br />

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Accomplish Magazine

S ROUND UP<br />


U.S State Department<br />

Official, Josh Paul<br />

Resigns Amid Israeli-<br />

Hamas War<br />

A State Department official<br />

in charge of worldwide arms<br />

transfer resigned on Wednesday,<br />

October 18 in protest to the Biden<br />

administration’s decision to<br />

increase military aid to Israel amid<br />

conflict with Hamas.<br />

Josh Paul, director of<br />

congressional and public affairs<br />

at the Department’s Bureau<br />

of Political-Military Affairs,<br />

posted his resignation letter<br />

online in a rare show of public<br />

dissatisfaction at the Biden<br />

administration as the president<br />

prepares to ask Congress for<br />

an unprecedented military aid<br />

package for Israel following his<br />

visit to Tel Aviv.<br />

Ukraine’s Economy<br />

Emerges Stronger in the<br />

Face of Conflict<br />

Economists estimate that<br />

it will take several years for<br />

Ukraine’s economy to return to<br />

pre-war levels, and estimates<br />

in a time of intense combat are<br />

sure to be speculative. Massive<br />

obstacles lie ahead, including<br />

the costly restoration of the<br />

country’s damaged cities, a<br />

government deficit that will grow<br />

as the war continues, and labour<br />

shortages caused by an exodus<br />

of Ukrainians fleeing the war and<br />

the mobilisation of working-age<br />

citizens to fight it.<br />

Israel Fortifies Border<br />

to Counter Potential<br />

Threats from Lebanon<br />

On October 18, Israel was<br />

rushing to fortify its border<br />

with Lebanon, preparing for a<br />

potential second front in its fight<br />

against Islamist extremists. Fears<br />

are growing in Shtula and other<br />

small towns in this hilly region<br />

that Hezbollah would join the<br />

conflict.<br />

Officials were deploying<br />

armed soldiers along the border<br />

and evacuating the few surviving<br />

inhabitants from 28 communities<br />

within a buffer zone little over a<br />

Nonetheless, local analysts<br />

and businesses say that after<br />

over 20 months of war, a sense of<br />

resilience and relative stability has<br />

taken root, bolstering consumer<br />

and investment confidence<br />

mile from the Lebanese border.<br />

Tanks and armoured<br />

personnel carriers were stationed<br />

all over the area, travelling<br />

practically desolate roads. The<br />

area was cordoned off by military<br />

checkpoints.<br />


Elon Musk’s X to<br />

Charge All Users $1<br />

Annual Subscription<br />

Fee for Basic Features<br />

Elon Musk’s X, formerly<br />

known as Twitter, revealed<br />

on Tuesday, October 17 that<br />

it would soon be launching a<br />

new subscription plan in which<br />

users would be obliged to pay<br />

$1 per year for its basic features<br />

The microblogging site’s<br />

new “Not A Bot” subscription<br />

plan would charge users for<br />

likes, reposts, or citing other<br />

accounts’ posts, as well as<br />

bookmarking posts on the web<br />

version of the platform.<br />

According to the<br />

corporation, the subscription<br />

model was created to prevent<br />

bots and spammers, and the<br />

charge will vary depending<br />

on the exchange rate in each<br />

country.<br />

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Africa’s Creative In<br />

The 11th edition of the<br />

Innovention Series,<br />

hosted by the Verdant<br />

Zeal Group and<br />

featuring Dr. Tunji Olugbodi as<br />

the Executive Vice Chairman,<br />

opened its doors to a diverse<br />

and esteemed gathering of<br />

professionals, visionaries, and<br />

creative minds. The event, held<br />

on October 27, <strong>2023</strong>, proved to<br />

be an inspiring platform for<br />

exploring the future of Africa’s<br />

creative industries in the era<br />

of Artificial Intelligence (AI).<br />

An Energetic<br />

Confluence of Diverse<br />

Minds and Influential<br />

Voices<br />

The event’s audience exuded<br />

vitality, representing a wide<br />

spectrum of professionals,<br />

thereby mirroring the eclectic<br />

and dynamic nature of the<br />

creative and marketing<br />

community. Notable<br />

participants encompassed<br />

luminaries such as:<br />

1. Dr. David Abodunrin:<br />

Meet David Adeoye<br />

Abodunrin, the distinguished<br />

Keynote Speaker from the<br />

United Kingdom. With over 25<br />

years of expertise in human<br />

behavioral psychology, sales,<br />

and workplace psychology,<br />

Abodunrin is a seasoned<br />

life coach and personal<br />

development expert. His<br />

diverse background as an<br />

electronics and computer<br />

engineer equips him with<br />

extensive knowledge in<br />

Information Technology,<br />

Telecommunications, and<br />

Cybersecurity. Additionally,<br />

Abodunrin holds prestigious<br />

certifications as a Scrum<br />

Master and Product Owner<br />

from the Scrum Alliance.<br />

2. Chisom Nwokwu:<br />

She is a rising star in the<br />

tech industry and a Lagosbased<br />

software engineer<br />

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dustries & AI<br />

By Damian Ikenna Ngere<br />

at Microsoft. Nwokwu is<br />

acclaimed for her book, “A<br />

Techie’s Guide into Big Tech<br />

Companies,” and for being<br />

the creator of the popular<br />

language learning app, “Igbo<br />

Amaka,” available on Google<br />

Playstore, boasting over 10,000<br />

downloads.<br />

3. Ferdy Adimefe:<br />

The CEO of Magic Carpet<br />

Studio, Ferdy Adimefe is<br />

celebrated for pioneering<br />

African narratives in<br />

animation, gaming, and<br />

block-chain. His academic<br />

journey includes a B.Sc. in<br />

Human Anatomy from the<br />

University of Port Harcourt<br />

and an M.Sc. in Media and<br />

Communication from Lagos<br />

Business School. In 2021, he<br />

was honoured as one of the<br />

Most Influential People of<br />

African Descent (MIPAD).<br />

4. Idorenyen Enang:<br />

Idorenyen Enang is a<br />

seasoned business leader<br />

with a visionary approach,<br />

boasting an impressive 28-<br />

year career, with influential<br />

executive roles held across<br />

Africa. His notable services<br />

includes the position of Region<br />

Vice President for Africa<br />

on the World Federation<br />

of Advertisers’ executive<br />

committee.<br />

5. Malik Afegbua: Malik<br />

Afegbua is a versatile artist,<br />

film maker, VR developer, and<br />

the creative force behind<br />

Silkcity Media, renowned<br />

for his innovative use of AI<br />

in art. He is also recognised<br />

for his efforts to challenge<br />

ageism and has earned<br />

accolades from the WHO for<br />

his contributions to the global<br />

Decade of Healthy Ageing<br />

campaign.<br />

6. Deyemi Okanlawon:<br />

He was the event’s moderator.<br />

Okanlawon is a versatile<br />

talent armed with a Chemical<br />

Engineering degree from the<br />

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University of Lagos, coupled<br />

with honed acting skills<br />

acquired from the New York<br />

Film Academy. He has earned<br />

recognition, including a Best<br />

Actor award at the In-Short<br />

Film Festival in 2013 and a 2022<br />

Africa Magic Viewers’ Choice<br />

Awards nomination for his<br />

exceptional performance in<br />

‘Omo Ghetto: The Saga.’<br />

The fireside chat<br />

featured distinguished<br />

guests:<br />

7. ‘Aunty’ Joke Silva<br />

MFR: A veteran Nigerian<br />

actress and director, she holds<br />

a degree from the University<br />

of Lagos and has received<br />

training from the Webber<br />

Douglas Academy. Notably,<br />

she clinched the “Best Actress<br />

in a Leading Role” at the 2nd<br />

Africa Movie Academy Awards<br />

in 2006.<br />

8. Kunle Afolayan: A<br />

multi-talented power house<br />

and the driving force behind<br />

Golden Effects Pictures. He<br />

is a transformative figure<br />

in Nollywood, renowned for<br />

his award-winning films,<br />

collaboration with Netflix, and<br />

representation of the industry<br />

at the 2011 Subversive Film<br />

Festival.<br />

This event served as a<br />

dynamic convergence<br />

of professionals from the<br />

creative and marketing<br />

sectors, emphasising the<br />

collective wisdom and insights<br />

shared amongst these<br />

distinguished individuals.<br />

Funmibi Olufayo Adeleye,<br />

a distinguished brand<br />

consultant and corporate<br />

strategist, took the reins as<br />

the anchor. She began the<br />

proceedings with a nod to<br />

Dr. David A. Abodunrin, (Principal Partner,<br />

Cubed Integratedn Management Consulting)<br />

the motherland, leading<br />

the assembly in reciting the<br />

Nigerian National Anthem. Her<br />

opening set the stage for the<br />

arrival of the Executive Vice<br />

Chairman (EVC) of Verdant<br />

Zeal Group, Dr. Tunji Olugbodi,<br />

who warmly welcomed the<br />

attendees with an insightful<br />

and engaging opening<br />

speech.<br />

Dr. Olugbodi’s welcoming<br />

address set the stage for a<br />

thought-provoking discussion,<br />

highlighting key points that<br />

shed light on the potential<br />

and challenges of AI in Africa’s<br />

creative landscape.<br />

Exploring the Future<br />

of Africa’s Creative<br />

Industries<br />

The central theme of<br />

Innovention Series 11.0<br />

was “The Future of Africa’s<br />

Creative Industries in The<br />

Era of Artificial Intelligence.”<br />

This theme aimed to examine<br />

the impact of AI on Africa’s<br />

creative sector, a continent<br />

teeming with diversity, culture,<br />

and untapped creative<br />

potential. Dr. Olugbodi<br />

emphasised the critical<br />

role that Africa’s creative<br />

industries can play in shaping<br />

the continent’s future and<br />

contributing to the global<br />

creative ecosystem.<br />

AI’s Creative Revolution<br />

Artificial Intelligence (AI)<br />

emerged as a pivotal topic.<br />

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AI is hailed as a profound<br />

technological advancement<br />

with the potential to<br />

revolutionise Africa’s creative<br />

sectors, unlocking new<br />

avenues for artists, film<br />

makers, musicians, designers,<br />

and story tellers. It enhances<br />

creativity, boosts efficiency,<br />

and opens doors to innovative<br />

possibilities.<br />

Democratising Creativity with<br />

AI<br />

AI democratises creativity<br />

by making creative tools<br />

and resources accessible to<br />

artists from all backgrounds,<br />

irrespective of formal training<br />

or access to expensive<br />

equipment. AI-generated<br />


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AI’s role in preserving and<br />

showcasing Africa’s cultural<br />

heritage was underscored.<br />

It can restore ancient art,<br />

translate endangered<br />

languages, and digitise<br />

cultural artifacts, ensuring<br />

the preservation of invaluable<br />

heritage.<br />

Challenges and<br />

Collaborative Solutions<br />

While the potential of AI is<br />

immense, challenges like<br />

ethical implications, copyright,<br />

cultural sensitivity, and privacy<br />

need collective addressing.<br />

The importance of education,<br />

training, and expanding<br />

access to technology was<br />

emphasised to equip African<br />

creators with the necessary<br />

skills. It’s crucial to preserve<br />

the authenticity of African art<br />

and culture while AI becomes<br />

an integral part of the creative<br />

process.<br />

Dr Tunji Olugbodi, (EVC, Verdant Zeal Group)<br />

presenting certificate of attendance to CHISOM<br />

NWOKWU (Software Engineer, Microsoft)<br />

content serves as an<br />

inspiring starting point for<br />

human creativity and fosters<br />

collaboration.<br />

AI’s Role in Story Telling<br />

AI’s influence extends to story<br />

telling, where it helps craft<br />

narratives that resonate<br />

with audiences. It facilitates<br />

language translation and<br />

personalises creative content<br />

to reach a broader, more<br />

engaged audience.<br />

Preserving Africa’s<br />

Cultural Heritage<br />

AI as an Empowerment<br />

Tool<br />

Dr. Olugbodi firmly expressed<br />

that the future of Africa’s<br />

creative industries with<br />

AI is not about replacing<br />

humans but empowering<br />

them to reach new heights of<br />

creativity, resonate globally,<br />

and preserve their cultural<br />

heritage.<br />

Shining as Global<br />

Beacons<br />

Africa’s creative industries<br />

have the potential to shine as<br />

global beacons of innovation<br />

and inspiration, enriching the<br />

global cultural tapestry.<br />

Harnessing AI for a Bright<br />

Future<br />

In conclusion, Dr. Olugbodi<br />

extended his gratitude to the<br />

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Dr Tunji Olugbodi, (EVC, Verdant Zeal Group) presenting a certificate<br />

of attendance to KUNLE AFOLAYAN (CEO, Golden Efects Pictures)<br />

attendees and expressed<br />

hope for the incredible<br />

creativity that will emerge<br />

from the fusion of Africa and<br />

AI at Incnovention Series 11.0.<br />

Innovention Series<br />

Continues<br />

The 11th Innovention Series<br />

sets the stage for ongoing<br />

discussions, further<br />

elaborating on the potential<br />

and challenges of AI in Africa’s<br />

creative industries, ensuring<br />

that Africa’s creative spirit<br />

continues to illuminate the<br />

world.<br />

Acknowledging<br />

Sponsors and Partners<br />

A significant highlight of the<br />

event was the recognition<br />

and appreciation of the<br />

event’s sponsors and partners.<br />

Among them, Honey Comb<br />

Bread stood out as a notable<br />

brand, with a unique twist –<br />

the brand is founded by none<br />

other than Dr. Tunji Olugbodi’s<br />

wife. The acknowledgment of<br />

these supporters underscored<br />

their pivotal role in bringing<br />

the event to life.<br />

Dr. David Abodunrin’s AI<br />

Insights<br />

Dr. David Abodunrin,<br />

the keynote speaker,<br />

commanded the stage,<br />

captivating the audience<br />

with his extensive knowledge<br />

spanning electronics,<br />

computer engineering, IT,<br />

telecommunications, and<br />

cybersecurity. He shared<br />

a unique perspective on<br />

the profound impact of<br />

Artificial Intelligence (AI)<br />

in the African context. His<br />

PowerPoint presentation<br />

resounded with the notion<br />

that the global landscape<br />

is currently immersed in the<br />

“Era of AI,” and it is imperative<br />

for Africa as a continent<br />

to actively embrace this<br />

transition to avoid isolation.<br />

Dr. Abodunrin emphatically<br />

underscored that adopting<br />

this era is not merely a choice;<br />

it is an absolute necessity. He<br />

asserted that AI should be<br />

viewed as a sophisticated<br />

collaborator, not a competitor,<br />

and his insights resonated<br />

with the boundless potential<br />

inherent in Africa’s abundant<br />

resources.<br />

Panel Discussion:<br />

Embracing AI in the<br />

Creative Industry<br />

The panelists delved into<br />

critical issues surrounding<br />

the integration of AI in the<br />

creative sector, potential<br />

job displacement due to AI,<br />

and Africa’s pivotal role in<br />

the AI era. These discussions<br />

provided valuable insights<br />

into the challenges and<br />

opportunities that AI presents<br />

to the continent’s creative<br />

industries.<br />

Fireside Chat with<br />

‘Aunty’ Joke Silva and<br />

Kunle Afolayan<br />

‘Aunty’ Joke Silva and Kunle<br />

Afolayan, industry stalwarts,<br />

took part in a fireside chat,<br />

offering their perspectives<br />

on the event’s theme. ‘Aunty’<br />

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Joke highlighted a potential<br />

downside of AI, citing the <strong>2023</strong><br />

general election in Nigeria<br />

as an example. She pointed<br />

out that AI could be used to<br />

manipulate data in favour of<br />

minority interests, potentially<br />

overshadowing the majority.<br />

When asked about the fear<br />

of AI replacing human jobs,<br />

she expressed her belief that<br />

AI wouldn’t eliminate work<br />

entirely, but rather create new<br />

opportunities.<br />

Kunle Afolayan shared<br />

his personal stance on AI,<br />

emphasising the importance<br />

of authenticity in the creative<br />

space. He stressed the need to<br />

maintain a balance between<br />

AI and the human touch,<br />

advocating for human control<br />

over machines rather than the<br />

other way around.<br />

Certificates of<br />

Attendance<br />

In a gracious gesture, Dr.<br />

Tunji Olugbodi presented<br />

certificates of attendance<br />

to the guest speakers and<br />

panelists, acknowledging their<br />

invaluable contributions to the<br />

event.<br />

The 11th Innovention Lecture<br />

Series left attendees with<br />

a richer understanding of<br />

the role AI plays in Africa’s<br />

creative industries. It was a<br />

gathering that celebrated<br />

diversity, innovation, and the<br />

continued pursuit of creative<br />

excellence.<br />

As the event concluded,<br />

the call for a harmonious<br />

coexistence of AI and human<br />

creativity reverberated,<br />

underscoring the importance<br />

of balancing technology and<br />

human ingenuity in shaping<br />

Africa’s creative future.<br />

Damian<br />

Ikenna Ngere<br />


Dr Tunji Olugbodi, (EVC, Verdant Zeal Group)<br />

presenting a certificate of attendance to IDORENYEN<br />

ENANG (Group CEO, Corporate Shepherds Ltd)<br />

Ikenna is a graduate of Physics<br />

and Education, who works as a<br />

freelance writer. He has interest in<br />

technology, humanity and sports.<br />

Accomplish Magazine 83

How Knowledge is<br />

the Nature of Busin<br />

By Dr. Austin Nweze<br />

T<br />

he catch phrase<br />

in this 21st century<br />

is “knowledge<br />

rules.” Why not!<br />

Since creation, the<br />

world has gone<br />

through several<br />

dispensations. There are certain<br />

things that must happen -<br />

whether we like it or not and<br />

whether we are ready for them<br />

or not. One of such things is the<br />

dispensation of knowledge or<br />

the knowledge-economy as<br />

we know it today. The nature of<br />

business, as we used to know,<br />

is fast changing. Thanks to<br />

the knowledge-economy. The<br />

question, therefore, is whether<br />

businesses are aware of it<br />

and whether they are ready<br />

to embrace these changes<br />

happening, keeping in mind that<br />

innovation is the main driver of<br />

the knowledge-economy. No<br />

wonder in 2004, the directorategeneral<br />

for enterprise, European<br />

Commission (ECSC-EC-EAEC<br />

Brussels-Luxemburg) in<br />

“Innovation Management<br />

and the Knowledge-driven<br />

Economy” declared; “In the<br />

knowledge-driven economy,<br />

innovation has become central<br />

to achievement in business<br />

world. With this growth in<br />

importance, organisations,<br />

large and small, have begun to<br />

re-evaluate their products, their<br />

services, even their corporate<br />

culture in the attempt to<br />

maintain their competitiveness<br />

in the global markets of today.<br />

The more forward-thinking<br />

companies have recognised<br />

that only through such root and<br />

branch reform can they hope to<br />

survive in the face of increasing<br />

competition.”<br />

Where does organisation’s<br />

knowledge reside? Does it<br />

reside in the legal entity called<br />

company or does it reside in<br />

the people that work in the<br />

organisation? This is like asking<br />

the obvious question. The basic<br />

raw material of any organisation<br />

is the intellect of the people that<br />

work within the organisation.<br />

For success, organisations must<br />

find ways of mining the intellects<br />

or intelligences of its people.<br />

Knowledge is fundamental to<br />

the survival of organisations<br />

as well as to the economic<br />

progress of industries and<br />

nations. For organisations and<br />

nations to survive and thrive in<br />

the knowledge-economy, they<br />

must develop the capacity to<br />

create knowledge, and not just<br />

consume knowledge.<br />

In organisations, different<br />

levels of knowledge reside in<br />

the employees that work those<br />

organisations. Some members<br />

of the workforce are semi-skilled<br />

and some others are highlyskilled.<br />

An organisation’s critical<br />

knowledge resides in the highly<br />

skilled members of its workforce.<br />

In the knowledge-economy,<br />

machines or computers are<br />

doing the work that some<br />

people within an organisation<br />

would have done. Computers,<br />

especially, will replace and<br />

or displace some calibre of<br />

workers. Some Nigerian workers<br />

are already trying to re-invent<br />

and re-skill themselves by<br />

shifting from jobs that can<br />

easily be done by computers in<br />

the future. They try to engage<br />

in jobs that are oriented<br />

toward relationships; knowing<br />

that it will take some time<br />

before computers venture into<br />

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Changing<br />

ess<br />


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establishing and maintaining<br />

relationships as humans.<br />

The employment market has<br />

been democratised and has,<br />

thus, become a sellers-market<br />

with employees as the sellers<br />

and employers as buyers.<br />

Although there is a high demand<br />

for highly-skilled members of the<br />

workforce who possess the key<br />

knowledge; supply is low. This<br />

explains the reason why they<br />

are highly priced or paid higher<br />

salaries than ordinary workers.<br />

These are the people head<br />

hunters chase about from one<br />

organisation to the other. The<br />

banking and telecommunication<br />

sectors are examples. Banks,<br />

especially, go after employees<br />

that are not only highly-skilled<br />

but also manage the account of<br />

high-net-worth individuals. That<br />

is why when a bank loses any<br />

member of its workforce; it also<br />

loses the accounts of the highnet-worth<br />

individuals being<br />

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managed by them.<br />

The bottom line is that the<br />

traditional way of doing business<br />

has been fundamentally altered<br />

by the knowledge-economy.<br />

John Sloman, in his volume,<br />

corroborated this point of view<br />

and noted that the traditional<br />

limited liability company was<br />

based around five fundamental<br />

principles. The first of what<br />

could be called “the Sloman’s<br />

Principle” states that “individual<br />

workers needed the business<br />

and the income it provided<br />

more than the business needed<br />

them”. That is to say that they<br />

operated a buyer’s market in<br />

the past. Employers could easily<br />

replace any worker they lose<br />

or fire. The old system made<br />

employers more powerful and<br />

also the dominant partner in the<br />

employer-employee relationship.<br />

But in today’s knowledgeeconomy,<br />

the reverse is the case.<br />

Knowledge has become the<br />

key resource of the knowledgeeconomy<br />

and so are the<br />

workers that possess such key<br />

knowledge. The success of any<br />

organisation in the knowledgeeconomy<br />

is hinged on their<br />

having key knowledge as well<br />

as the workforce that possesses<br />

such key knowledge. Sloman<br />

believes that the balance of<br />

power between the business<br />

and the specialist worker in<br />

today’s knowledge-economy is<br />

far more equal.<br />

The second principle is that<br />

employees tended to be full time<br />

and depended upon the work<br />

as their only source of income.<br />

In the knowledge-economy, full<br />

time work is not the only option<br />

available to workers. Workers<br />

will work as free agents. There<br />

will be diversity of employment<br />

contracts. Some will continue to<br />

work as full time, some as part<br />

time, while others as consultants.<br />

Home working is also on the rise.<br />

Workers will opt for employment<br />

contracts that will enable<br />

them work as consultants or<br />

free agents, having their own<br />

preferred flexible time schedule<br />

and days.<br />

The third principle of a<br />

traditional limited liability<br />

company is that the company<br />

was integrated with a single<br />

management structure<br />

overseeing all various stages of<br />

production. This was believed<br />

to be the most efficient way of<br />

organising productive activity;<br />

but in the knowledge-economy,<br />

companies are fast finding out<br />

that the global market place<br />

has become more complex, and<br />

they do not have all the skills<br />

inside the organisation, and<br />

that some expert knowledge or<br />

skill resides outside. Such expert<br />

skills include research and<br />

development; some aspect of<br />

production; marketing and sales;<br />

and adapting their products to<br />

specific markets. Outsourcing<br />

of some non-core services will<br />

enable businesses become more<br />

efficient and deliver more value<br />

to customers. Some aspects<br />

of the business that can be<br />

outsourced include production<br />

and human resources. Human<br />

resource issues such as hiring,<br />

selection, training, and benefits<br />

could be outsourced to a<br />

third-party firm who has the<br />

core competence to perform<br />

such jobs. Communication<br />

costs, which have become<br />

so insignificant today, have<br />

enabled businesses to outsource<br />

for better efficiency.<br />

The fourth principle<br />

states that suppliers, and<br />

especially manufacturers,<br />

had considerable power over<br />

the customer by controlling<br />

information about their<br />

products or services. Today,<br />

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power has shifted towards the<br />

customer due to easy access to<br />

information via the internet.<br />

The fifth principle has to do<br />

with technology. Sloman stated<br />

that “technology relevant to an<br />

industry was often developed<br />

within the industry. That has<br />

changed too. Today, unlike<br />

in the past, technological<br />

developments are less specific<br />

to industries”. He mentioned<br />

further that “knowledge<br />

developments are diffuse and<br />

cut across industry boundaries.<br />

What this means for businesses,<br />

in a knowledge-driven economy,<br />

is that they must look beyond<br />

their own industry if they are to<br />

develop and grow.” Business<br />

dynamics have changed; thanks<br />

to the knowledge-economy.<br />

Tools used in the past to run<br />

businesses and national<br />

economies have been rendered<br />

almost obsolete by the advent<br />

of the knowledge-economy.<br />

Managers need to rethink and<br />

retool their business in order<br />

to remain competitive in this<br />

dispensation.<br />

Quite a few experts have<br />

made their contributions to<br />

the importance of knowledge<br />

in this knowledge-economy.<br />

Paul Allaire, Chairman and<br />

CEO, Xerox Corporation, in his<br />

1997 keynote address at the<br />

conference on ‘Knowledge in<br />

International Corporations’ in<br />

Rome, Italy, stated that “the<br />

task of leadership is to create<br />

the environment for managing<br />

knowledge. It requires less<br />

emphasis on what we own and<br />

more emphasis on what we<br />

know. It is not about managing<br />

hired hands, it is about setting<br />

context and energising hired<br />

minds. Our challenge is to<br />

manage the stage for the<br />

human spirit to thrive and create<br />

in the emerging knowledgesociety.”<br />

Furthermore, Nick<br />

Bontis et al in the European<br />

Management Journal, Vol. 17,<br />

No. 4 noted that knowledge<br />

and information are nowadays<br />

the drivers of company life,<br />

much more than land, capital<br />

or labour. The increased<br />

importance of knowledge does<br />

not simply add an additional<br />

variable to the production<br />

process of goods; it changes<br />

substantially the rules of the<br />

game. The capacity to manage<br />

knowledge-based intellect is<br />

the critical skill of this era (Quinn,<br />

1992). The wealth-creating<br />

capacity of the enterprise will<br />

be based on the knowledge<br />

and capabilities of its people<br />

(Savage, 1990). Firms that are<br />

thriving in the new strategic<br />

environment see themselves as<br />

learning organisations pursuing<br />

the objective of continuous<br />

improvement in their knowledge<br />

assets (Senge, 1990). Having a<br />

good base of knowledge means<br />

that a company can, in the<br />


SUITE<br />

future, start leveraging that base<br />

to create even more knowledge,<br />

thus; increasing its advantages<br />

on the competitors (Arthur, 1996).<br />

Sloman again noted<br />

that the dynamics of the<br />

knowledge-economy requires<br />

quite a fundamental change<br />

in the nature of business.<br />

Organisationally, it needs to<br />

be more flexible, helping it to<br />

respond to the ever-changing<br />

market conditions it faces.<br />

Successful companies draw<br />

upon their core competencies<br />

to achieve market advantage,<br />

and thus, ultimately, specialise<br />

in what they do best. For<br />

other parts of their business,<br />

companies must learn to work<br />

with others, either through<br />

outsourcing specialist tasks, or<br />

through more formal strategic<br />

partnerships. Within this new<br />

business model, the key assets<br />

are the specialist people in the<br />

organisation – its “knowledgeworkers.”<br />

Editor’s Note: This article was<br />

Culled from the book: Survive<br />

and Thrive in the Knowledge<br />

Economy: Building People,<br />

Building Organisations by Dr.<br />

Austin Nweze.<br />

Dr. Austin<br />

Nweze<br />


Dr. Austin Nweze is a teacher,<br />

author, entrepreneur and a<br />

commentator on national and<br />

global issues. He is also a Faculty<br />

Member, Pan-Atlantic University.<br />

Accomplish Magazine 87

88<br />

Accomplish Magazine

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