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Muhydeen Kayode: A beacon of leadership, entrepreneurship, philanthropy

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In the dynamic realm of Nigerian business and philanthropy with 2024 in view, Alhaji Muhydeen Okunlola Kayode emerges as a distinguished figure, embodying the virtues of exemplary leadership, entrepreneurial acumen, and a commitment to societal upliftment.

Born on November 15, 1986, Alhaji Muhydeen Okunlola Kayode hails from Kwara state, Nigeria. As the last of seven siblings, he inherited a work ethic instilled by his father, a diligent mechanic, and his mother, a dedicated trader. Armed with determination and a thirst for knowledge, Muhydeen pursued his education, earning a degree in Quantity Surveying from Federal Polytechnic, Offa, and later, from Federal Polytechnic, Nasarawa.

In 2009, after completing his Ordinary Diploma education, Muhydeen delved into the real estate industry, marking the commencement of a remarkable journey. His entrepreneurial spirit found expression in 2017 when he co-founded Luxiar Construction Limited, a thriving construction company based in Abuja.

Luxiar Construction Limited, under Muhydeen’s adept leadership, has achieved significant milestones, undertaking prestigious projects such as the Federal Mortgage Bank of Nigeria (FMBN) and the Ministry of Defence Cooperative Society Estate, among others. The company’s portfolio boasts an impressive array of over 3,000 structures, encompassing residential and commercial buildings, as well as critical infrastructure and industrial facilities.

Beyond his success in the business arena, Muhydeen Okunlola Kayode is equally committed to making a positive impact on society. As the founder and president of the MOK Foundation, named after his initials, he has steered initiatives that extend a helping hand to those in need. The foundation has provided educational and vocational scholarships, spearheaded youth empowerment programs, facilitated micro-credit and financial empowerment initiatives, and engaged in various other humanitarian interventions.

In his personal life, Muhydeen is a family man, married to Mrs. Ramat Okunlola, and a proud father of two children. Their home in Abuja serves as a testament to the balance he maintains between professional success and familial responsibilities.

Alhaji Muhydeen Okunlola Kayode stands as a shining example of what can be achieved through dedication, hard work, and a commitment to giving back to the community. His journey from humble beginnings to a leader in the real estate industry and a philanthropist reflects the transformative power of vision and determination. As Nigeria continues to progress, Muhydeen’s story serves as an inspiration to aspiring entrepreneurs and a reminder that true success is measured not only by personal achievements but by the positive impact one makes on the lives of others.

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How Bella Disu Developed Five Magnificent Edifices in Nigeria

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How Bella Disu Developed Five Magnificent Edifices in Nigeria

Amid the towering genii of Nigeria’s corporate world, Bella Disu rises like a phoenix, her wings outspread in a blaze of entrepreneurial brilliance. To many, being a billionaire’s daughter assured her a life of perpetual ease and privilege, but the daughter of Adenuga shatters such facetious typecasts. Despite her pedigree, she would not be pigeonholed as yet another heiress cruising life on easy mode. Her journey thus far is a testament to a life of courage, purpose, and a fierce determination to carve her legacy.

Like a skilled artisan, she weaves her narrative with peerless depth, crafting a legacy that stands her tall amid the giants of industry.

Sitting at the helms of Cobblestone Properties and Estates, a renowned property development company, Bella has made remarkable forays into the real estate sector. Since she assumed office as Cobblestone’s CEO in November 2011, Bella has pioneered landmark developments across favoured Nigerian locations. The company boasts a comprehensive portfolio of residential and commercial properties, including iconic landmarks like Bella’s Place, The Mall, Ile-Oja at Opebi (Ikeja), and Sisi Paris. Each project reflects Bella’s meticulous attention to detail and commitment to quality.

Cobblestone Properties and Estates, under Bella’s leadership, has completed 12 projects and has 7 ongoing ones, each setting benchmarks in quality and design.

Bella’s ascent in the business world is not merely a tale of inherited privilege but one of relentless pursuit of excellence, where every step forward is marked by strategic acumen and visionary leadership. Her narrative resounds an opus of dedication and foresight, announcing her ascent as a major force in the league of African business leaders.

Emerging from the illustrious shadow of her father, Dr. Mike Adenuga Jr., founder of Globacom and Conoil, she has soared to unprecedented heights, her journey powered by ambition and the resilience of her indomitable spirit.

Bella’s story is one of rebirth and renewal, where each challenge met and conquered has forged her into a formidable titan of industry. Her presence in the corporate arena is a testament to her indomitable will and unparalleled innovation and growth capacity.

Through perseverance, hard work, and administrative genius, she carved her distinct path to acclaim in the corporate business world; thus, today, Bella Disu is a name that resonates with elegance, intellect, and resilience.

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Bella has not only asserted her own worth but also crafted a niche as a brilliant business magnate. Her journey, marked by relentless determination and visionary support from her father, exemplifies the essence of the African adage: “The youngster who knows how to wash her hands properly will eventually wine and dine with the elders.”

A Beacon in the Business Realm

From the moment Bella Adenuga was born, she was clearly destined for greatness. Growing up in an environment where excellence was not just expected but cultivated, Bella’s precocious mind led her to the University of Massachusetts, Boston, at the tender age of 14. Her academic pursuits set the stage for a future brimming with promise, laying a solid foundation for her to enter the corporate world.

Since joining Globacom in 2004, Bella has been an indomitable force. Rising through the ranks with a blend of ingenuity and hard work, she now serves as the Executive Vice Chairman. She represents her father on the global stage in this role, engaging with international leaders and steering the company to new heights. Her colleagues and friends admire her for her business acumen and ability to maintain a low profile, eschewing the ostentation often associated with billionaire heirs.

Bella Adenuga’s rise to prominence in Nigeria’s corporate world is a testament to her indomitable spirit and visionary leadership. From the outset, she has exhibited a unique blend of strategic foresight and operational excellence, transforming Globacom into Nigeria’s premier digital services provider. Her ability to navigate the complexities of the telecom industry, coupled with her relentless drive for innovation, has cemented her status as a formidable business titan. Bella’s contributions extend beyond telecoms, as she has successfully diversified her portfolio to include real estate and manufacturing, demonstrating her versatility and acumen in various sectors.

Transforming Globacom: A Leader in Digital Services

As the executive vice-chairperson, Bella has been instrumental in positioning Globacom as Nigeria’s largest provider of digital services. Her expertise in contract negotiation and project management has driven the successful execution of significant projects, including the $800 million Glo-1 fibre-optic cable from the UK to Nigeria. This resilience was highlighted recently when Glo-1 remained operational despite widespread internet disruptions in Nigeria.

Her leadership has also seen the expansion of Globacom’s strategic business units, such as Glo Mobile, Glo Broad Access, and Glo Gateway. Bella’s strategic vision and innovative approach have propelled Globacom to become Nigeria’s top digital services provider, driving growth and setting industry standards.

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Her leadership style is characterized by an unwavering commitment to excellence and a profound understanding of the market dynamics. Bella’s strategic initiatives have propelled Globacom to new heights and positioned her as a thought leader in Nigeria’s business community. Her achievements in expanding Globacom’s infrastructure, particularly the development of the Glo-1 fibre-optic cable, underscore her visionary approach and technical expertise. Bella’s ability to spearhead significant projects and drive sustainable growth has earned her a place among Nigeria’s most influential business leaders.

Multifaceted Leadership: Real Estate and Manufacturing

Beyond telecoms, Bella helms Cobblestone Properties, a renowned property development company. Cobblestone Properties and Estates, under Bella’s leadership, has completed 12 projects and has 7 ongoing ones, each setting benchmarks in quality and design. Her expertise in high-stakes contract negotiation and project management ensures the successful execution of these developments. The Capital has discovered several properties developed by Cobblestone, underscoring her role in shaping Nigeria’s real estate landscape.

Bella’s Place: A pinnacle of corporate sophistication and luxury in Victoria Island, Lagos, with six expansive floors dedicated to premium rental office spaces, fostering a thriving environment for businesses.

Sisi Paris: Located in Ikoyi, offering modern luxury living with 18 spacious apartments and an exclusive penthouse, each adorned with vibrant façade and lush surroundings.

Niger Towers: In Ikoyi, comprising twin towers offering a total of 36 sophisticated flats, combining elegance with privacy.

Ilé Ọjà Victoria Island: A premium retail mall featuring 14 uniquely designed spaces across two floors, offering convenience and luxury.

Ilé Ọjà Òpébí: A newly developed shopping mall in Ikeja’s Opebi area, offering spacious retail spaces designed for modern business needs.

Her leadership extends to Abumet Nigeria, a leading glass and aluminum manufacturing company, where she serves as Chairman. Her strategic insights have also significantly influenced Julius Berger Nigeria Plc, where she holds a Non-Executive Director position, contributing to the company’s diversification into the agro-allied industry.

Empowering Women, Transforming Africa

Bella’s commitment to social impact is as profound as her business acumen. As founder and chairperson of the Bella Disu Foundation, she drives programs in education, health, and disaster relief, aiming to improve socio-economic conditions in underserved communities. She advocates for women’s empowerment through the SheGlows Program, fostering a supportive ecosystem for women’s professional growth.

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Reflecting on her early career, Bella remarked, “When I started off at 18, I looked around and didn’t see many young women like me high up in organizations. I wished for a mentor who could groom and inspire me. Now, I want to pass on the message that balance is not just a hashtag.”

Building Cultural Bridges: The Alliance Française Mike Adenuga Centre

One of Bella’s proudest achievements is the Alliance Française Mike Adenuga Centre in Lagos, a project commissioned by French President Emmanuel Macron. This cultural hub, which includes an amphitheatre and a café, reflects her vision of merging French and Nigerian cultures. The centre stands as a testament to her love for the arts and commitment to fostering cultural exchange.

Personal Reflections and Aspirations

Despite her demanding career, Bella balances her professional responsibilities with her love for family, arts, and simple pleasures. She delights in motherhood, ensuring she picks up and drops off her children at school whenever possible. Her passion for music, particularly gospel, and her love for theatre add layers to her multifaceted personality.

Fitness, culinary arts, and travel enrich her life, with each activity reflecting her meticulous attention to detail and quality. As she celebrates her 38th birthday, Bella’s wish is rooted in giving, marking her special day by addressing societal needs and making impactful contributions.

Legacy of a Modern Icon

Bella Adenuga is not merely a business leader; she is a symbol of modern femininity, a paragon of elegance intertwined with audacity. Her life is a tapestry of vibrant threads, each representing her roles as a daughter, mother, entrepreneur, and philanthropist. As she steps into another year, Bella continues to inspire with her unwavering dedication to excellence and heartfelt commitment to making the world a better place. Bella Adenuga remains a radiant beacon of hope, brilliance, and boundless possibility in every shade and role.

Beyond her corporate achievements, Bella’s dedication to social impact and women’s empowerment sets her apart as a leader who is not only successful but also compassionate and forward-thinking. Through her foundation and various initiatives, she has championed the cause of education, health, and gender equality, making a tangible difference in the lives of countless individuals. Bella’s holistic approach to leadership, encompassing both business success and social responsibility, underscores why she must be acknowledged as a formidable business titan in Nigeria’s League of Extraordinary Business Leaders.

Source: The Capital.ng

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Criminal allegations: Prince Harry, Meghan deny Air Peace Boss Onyema over alleged $20million fraud in U.S

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Prince Harry and his wife Meghan Markle have set the record straight, stating that their visit to Nigeria was to honour an invitation by

Prince Harry and his wife Meghan Markle have set the record straight, stating that their visit to Nigeria was to honour an invitation by Chief of Defence Staff Christopher Musa and insisting that it had nothing to do with U.S. fugitive Allen Onyema, who volunteered his airplane as a ride for the couple to tour Nigeria in April.

Sources close to the couple issued the rebuttal to Daily Beast after British media linked the ex-royals Nigerian visit to Mr Onyema who was embroiled in money-laundering allegations going as high as $20 million in the U.S.

The sources, seeking to protect the reputation of the Duke and Duchess of Sussex, noted that Air Peace was a leading airline in Nigeria and West Africa that daily flew commercial planes to the UK’s Gatwick airport. This was done in an attempt to water down any perceived relationship between the couple and Mr Onyema.

Mr Onyema was not a stranger to criminal allegations as the U.S. Attorney’s Office for Northern District of Georgia charged him with “bank fraud and money laundering for moving more than $20 million from Nigeria through United States bank accounts in a scheme involving false documents” in 2019.

“Onyema allegedly leveraged his status as a prominent business leader and airline executive while using falsified documents to commit fraud,” U.S. Attorney Byung J. “BJay” Pak said in the indictment sheet.

Stanley Olisa, a communications lead at Air Peace, parroted Mr Onyema’s generosity to Sussexs’ explaining that they flew on chartered planes at no cost and were given preferential treatment given their ties to the British monarchy.

“The chairman of Air Peace gave Prince Harry and his wonderful wife Meghan free flights to Lagos and back as part of his contribution to the successful hosting of the couple,” Mr Olisa told UK’s Mirror in May.

“The planes were chartered. It was just the royals and their entourage. They were not flying with other passengers. We understand that they are royals so we gave them top-tier treatment on board,” Mr Olisa said. “They were given everything they wanted. It was an exclusive experience. And we flew them back to Abuja in the evening. Everything was complimentary.”

 

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Mrs. Bolajoko Adeshina: A shining star of love, kindness and resilience @75 

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Today, 12th June , 2024, we are celebrating the life of an extraordinary woman, a shining star who illuminates the world with her love...

BY JUMOKE OWOOLA

Today, 12th June , 2024, we are celebrating the life of an extraordinary woman, a shining star who illuminates the world with her love, kindness, and generosity.

Mrs. Bolajoko Adeshina, a devoted mother, grandmother , great grandmother, a selfless silent philanthropist , and a community champion, whose legacies will forever inspire and uplift us.

As a young widow, she faced unimaginable challenges, but her unwavering determination and faith enabled her to raise a family of accomplished individuals, a testament to her unrelenting support and guidance.

With an open heart and open arms, she embraced not only her own children but also countless youths, offering them a nurturing environment to grow and thrive. Her door is always open, her listening ear always available, and her helping hand always extended.

As a philanthropist, socialite, and community advocate, she has touched countless lives, spreading joy, hope, and empowerment. Her warmth and kindness knew no bounds, and her infectious smile could light up a room.

Her philanthropy is a silent revolution, transforming lives without seeking fanfare or recognition. With humility and compassion, she makes a lasting difference, leaving a trail of hope and gratitude in her wake. Though she may shy from the spotlight, her good deeds shine bright, illuminating the world with kindness and generousity.

As a Fashionista , Aunty Bolajoko Adeshina is a style icon, effortlessly turning heads with her impeccable fashion sense. Her wardrobe is a masterclass in elegance, sophistication, and glamour. But beyond her stunning looks, she is a loving grandmother, wrapping her family in warmth, kindness, and devotion. Her beauty shines from the inside out, illuminating the world around her.

As an international foods Merchant who sits atop
Bolajoko international LLC Delaware Newcastle, and ALOB -DESH Nigeria Limited Lagos Nigeria , respectfully , Aunty Bolajoko Adeshina is a culinary Ambassador, bridging cultures and continents with the flavours of Africa. Through her entrepreneurial spirit and passion for traditional cuisine, she has created a global platform for African foods, fostering cross-cultural understanding, economic empowerment, and gastronomic delight. Her endeavors not only promote the rich culinary heritage of Africa but also create opportunities for economic growth, cultural exchange, and community development both at home and abroad.

We bask in the euphoria of her strength, her grace, and her unwavering commitment to making the world a better place. We are celebrating her special day by embracing her legacy of love, compassion, and service to humanity.

Let’s toast to the honour of an Icon of Love and Resilience, Aunty . Bolajoko Adeshina.
Aseyi samodun Ma, anikun ohun rere o.

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After losing several millions, Kessington Adebutu seeks $145 million capital raise

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Wema Bank, a leading financial services provider partly owned by Nigerian gambling magnate Kessington Adebutu, is seeking approval to

Wema Bank, a leading financial services provider partly owned by Nigerian gambling magnate Kessington Adebutu, is seeking approval to raise N200 billion ($145 million) in fresh capital. The bank will hold its annual general meeting (AGM) electronically on May 28, 2024, where shareholders will vote on the proposal.

The capital increase aims to strengthen Wema Bank’s regulatory compliance and fuel its business expansion plans, according to an AGM notice. The notice details a multi-pronged approach to achieving the capital raise, subject to shareholder approval. This includes public offerings, rights issues, and private placements.

Boosting capital, expanding footprint

As part of its growth strategy, Wema Bank also seeks to increase its issued share capital from N6.43 billion ($4.7 million) to N25 billion ($18.3 million). This will be achieved through the issuance of an additional 37.14 billion ordinary shares, each with a par value of 50 kobo. The new shares will be on par with existing shares.

The AGM will present shareholders with special resolutions for consideration. These resolutions empower the board of directors to allocate and issue various securities, including ordinary shares, preference shares, notes, and bonds, to execute the capital raise. Additionally, the resolutions authorize the board to implement strategic measures to comply with the Central Bank of Nigeria’s recapitalization directives.

Innovation amidst challenges

As one of Nigeria’s keading , Wema Bank remains a prominent player in Nigeria’s financial landscape. Renowned for its innovative spirit, the bank launched ALAT, Africa’s first fully digital bank. With decades of experience and a commitment to progress, Wema Bank retains its position as a cornerstone of Nigeria’s financial ecosystem.

Nigerian gambling magnate Kessington Adebutu, founder of Premier Lotto Limited, the country’s oldest gaming company, owns a significant stake (28.09 percent) in Wema Bank through Neemtree Limited, a special purpose vehicle (SPV) established in 2013 for targeted acquisitions. His daughter, Abolanle Matel-Okoh, also holds a 4.54 percent stake in the bank.

 

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Auwalu Rano: Meet Ice block seller who became billionaire, owns 120 filling stations, 600 trucks, 60m litre tank farm

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Alhaji Auwalu Abdullahi Rano, popularly known as A.A Rano, transformed from a humble boy from Kano Village into a billionaire magnate,

Alhaji Auwalu Abdullahi Rano, popularly known as A.A Rano, transformed from a humble boy from Kano Village into a billionaire magnate, overseeing a conglomerate that includes 120 filling stations across Nigeria.

Born into an average family in Lausu, Kano State, Rano started small, with an ice block and groundnut oil business, including other local items.

Rano has gone into building a multi-billion naira enterprise spanning various sectors of Nigeria’s economy.

Today, Rano owns AA Rano oil & Gas industry in Nigeria with 56 ML Tank farm in Lagos, with 120 retail outlet/ fillng stations across Nigeria and over 600 trucks & LPG terminals as well as acquired vessel (M.T LAUSAU).

His ventures include RanoGaz, a state-of-the-art Liquified Petroleum Gas (LPG) terminal, a rice milling company, Rano Lubricant, Rano Air, Lausu Marine and Logistics, AA Rano Terminal, and AA Rano Road Haulage.

 

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Jim Ovia’s Zenith Bank stake sees $14.63-million drop amid share price fall

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In the high-stakes world of banking, the line between success and failure is often razor-thin. For Ebenezer Onyeagwu, the former Group

Jim Ovia, Nigeria’s wealthiest banker and a key figure in the country’s banking industry, has seen the market value of his stake in Zenith Bank decline significantly due to a recent drop in the lender’s share price.

The leading Nigerian banker and business executive, who ranks as one of Africa’s wealthiest individuals, has witnessed an N18.26 billion ($14.63 million) decline in the market value of his Zenith Bank stake over the past 13 days. This decline is driven by the sustained fall in the shares of the prominent Nigerian Exchange (NGX)-listed lender.

This recent downturn follows a surge in the market value of Jim Ovia’s stake in Zenith Bank, which increased by $41 million between Feb. 28 and April 8, rising from N164.6 billion ($132.2 million) to N215.56 billion ($173.1 million).

Zenith Bank’s market cap falls below $1 billion

Zenith Bank, a leading commercial bank licensed by the Central Bank of Nigeria, is not only a prominent financial services provider in Nigeria and anglophone West Africa but also holds the title of Nigeria’s most profitable bank. It is also one of the largest listed financial services groups on the NGX.

The bank recently declared a final dividend payout of N109.89 billion ($88.3 million) for the 2023 fiscal year, showcasing its strong financial performance. This record dividend payout underscores its commitment to shareholder value and its position as a leader in Nigeria’s banking sector.

In recent times, its shares have declined nine percent on the NGX, falling from N40.00 ($0.0323) on April 12 to N36.60 ($0.02959) on Thursday. This decline has pushed the bank’s market capitalization below $1 billion, resulting in losses for shareholders, including Ovia, a significant stakeholder in the Lagos-based lender.

Jim Ovia’s stake slumps below $150 million

Jim Ovia, a pivotal figure in Nigeria’s banking industry’s evolution and digital transformation, founded Zenith Bank in 1990. With a 16.2 percent stake in the financial services group, comprising 5,072,104,311 ordinary shares, he remains the wealthiest banker in the country.

According to data tracked by Billionaires.Africa, Ovia’s stake has decreased by N18.26 billion ($14.63 million) over the past 13 days, declining from N202.88 billion ($162.53 million) on April 12 to N184.62 billion ($147.90 million) on Thursday. Despite this setback, Ovia retains his status as Nigeria’s richest banker, underscoring his success as a leading businessman in the nation.

 

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