Category: Business
Billionaire Businessman, Greg Uanseru, Fetes Wife, Emma At 50
It was a night of frills and thrills at Remi Fani-Kayode, G.R.A , Ikeja, Lagos residence of billionaire oil mogul behind GCA Energy, Greg Uanseru as he rolled out the carpet to celebrate the golden jubilee birthday of one of his adorable wives, Emma Uanseru.
The well-attended event, which was packaged by Flower Plus Events, attracted eminent personalities like Senator Daisy Danjuma, Chairman/CEO of Skymit Limited, Tayo Ayeni; Prof. Patrick Utomi, Funmi Ajila-Ladipo, Editor of Thisday Style, Ruth Osime; Honourable Abiodun Tobun, Ovation Magazine Editor, Mike Effiong; Otunba Bimbo Ashiru and many others.
Guests were given utmost royalty treatment; they were all treated to the choicest brands of champagne; from Ace of spade, Don-Perignon, Crystal and Cognac to Moet & Chandon. Asides the assorted liquor, beer and fruit juices, the guests were also treated to delicious finger foods and dessert that sufficiently wet their palates and sated them.
At the background, a soulful medley of old and contemporary music from Sharp band and DJ Fresh wafted from well-appointed woofers causing the guests to sway, shuffle and waltz as much as the music moved them and transported them to euphoric cusps. Dr. Sid and Olu maintain also gave a spectacular performance.
The event which was anchored by a popular comedian, Ajele, reached its peak as the stunning birthday girl walked majestically along side her beau to the cake stand to cut the well designed cake as others joined in a flurry of photographs.
After the cutting of the cake, Mrs. Pamela Sodipo gave her tributes to the delight of all present. Thereafter, it was dance! dance! dance! all through the night.
21 Players Win Prizes At Mega Games Promo
+ 7 Win N1M Each, 14 Win Smartphones At Mega Games Promo
Seven Nigerians became One million naira richer as they won top prizes at the recent Mega Games Promo. The promo, organized by a technology company, Technotrend Platform Nig. Limited, under the platform of Airtel Nigeria Network, presented the seven million naira cheque to six Nigerians and an Arabian, Rafaqat Ali.
They are Rosemark, Mike Chikodo Okoro, Emmanuel Egbo, Ikade Michael Dan, Okoli Stella Yemisi and Adebayo Oyeyipo. Fourteen persons from different parts of the country were also present with their prize gifts of Smart Phones at the presentation ceremony was held at the Lagos Resource Center, Victoria Island, Lagos and had the presence of officials of Nigeria Lottery Regulatory Communication NLRC, Mr Jude Ughwujabo and Consumer Protection Council CPC, Madam Suzie Onwuka.
Mr. Doyin Adeshina, Managing Director of Technotrend Platform Nigeria Limited stated that mega games promo which started barely three months ago has rewarded players with a total of twenty-two million naira , the top prize being a million naira. He added that the trivia game draws are done daily after five Questions are answered via the Airtel SMS platform attracting just N20 per day which must accrue to six thousand points qualifying the player for a daily draw. A million naira cash prize and ten smartphones are won every week. One of the beneficiaries of the N1m cash, Rosemark, a hairdresser, said she was surprised and initially didn’t believe she could win when she was called and received text. She thanks organisers of the Mega Games Promo for matching their words with Action.
Mike Chikodo Okoro, a retail phone seller said that a friend urged him to play the game. “I am so happy today as Mega Games Promo has made my day. I was planning to travel to the east but I received a call and had to postpone the trip. This money means so much as I hope to use it to settle some medical bills because I had an accident last year and has been treating my leg. The fund will be used to boost my business. Just keep on playing the game, forget about the one million. Just keep on playing it,” he said. Stella Yemisi Okolie, who came from Akure, was full of smiles and said, “I lost hope I thought it was not for real. Mega Games Promo has made my day as this fund came handy during the yuletide season. I am overwhelmed,” says Yemisi Okolie as she sang to the admiration of all present.
The National Lottery Regulatory Commission, Mr Jude Ughwujabo, commended the organisers, Technotrend Platform Nigeria Limited for the milestones and noted that the commission regulates promotions both from the end of regulators and even those of you that participated and won. He added, “We make sure you get your prizes. We commend Technotrend and we hope they will come with new ideas next time for the Promotions.’ Suzzie Onwuka of Consumer Protection Council urged the participants to have faith in the process, as they can see the delivery of the organizers on their promise. “The council is out to protect the people. If there is anyone unsatisfied with the promo, reach out to us at CPC and we take it from there,” she says.
Technotrend Platforms Nigeria Limited (TPNL), a technology company that offers wholesales wireless (Mobile) access services to telecom subscribers through the mobile networks recently presented cash prizes of N1 million and smartphones each to lucky subscribers, who participated and won its on-going Mega Games Promo, which is principally designed to better the lives of Nigerians. The offer is available to Airtel subscribers only.
In the past few months, the firm has handsomely rewarded its customers with cash prizes worth over N12 million; ranging from N1m daily prizes and smartphones via the mega game’s promo, which is anchored on a point-based system where customers accumulate points to increase their chances of winning by performing any network-based mobile activity.
NOVA Merchant Bank Confirms Appointment of Anya Duroha As Substantive MD/CEO
The Board of NOVA Merchant Bank has confirmed the appointment of Mr. Anya Duroha as the substantive Managing Director/Chief Executive Officer
The Board’s confirmation made at its meeting of Thursday, December 6, 2018, is subject to the approval of the Central Bank of Nigeria.
Tony Elumelu Foundation Appoints Ifeyinwa Ugochukwu As Chief Executive Officer
Elevates the Retiring CEO Parminder Vir to the Advisory Board of the Foundation
The Board of Trustees of the Tony Elumelu Foundation, Africa’s leading philanthropic organisation empowering African entrepreneurs, announced the appointment of Ifeyinwa Ugochukwu as Chief Executive Officer at the end of its Board Meeting on December 12. This appointment takes effect from April 1, 2019.
Ifeyinwa will lead the team in scaling the impact of the Foundation which is globally recognised for pioneering a new approach to philanthropy with its USD$100 million commitment to empowering African entrepreneurs. The Foundation’s mission is rooted in Africapitalism, which positions the private sector as the key enabler of economic and social wealth creation in Africa.
Ifeyinwa served as Director of Partnerships of the Tony Elumelu Foundation since November 2017 and succeeds Parminder Vir, OBE, who has been elevated to the Advisory Board of the Foundation. In her new role as CEO, Ifeyinwa will leverage her expertise, experience and network to provide strategic leadership in realising the Foundation’s goal of transforming Africa through entrepreneurship.
Speaking on the appointments, Tony O. Elumelu, CON, Founder, the Tony Elumelu Foundation stated: “As Director of Partnerships, Ifeyinwa demonstrated strong leadership and strategic thinking in delivering the Foundation’s mission to transform Africa, securing major partnerships that scale the impact of the Foundation beyond its targeted 10,000 entrepreneurs. She is the perfect candidate to build on Parminder’s immense contribution.”
“On behalf of the Board, I also commend Parminder, fondly known as the mother of African entrepreneurs, for her notable achievements, significant sacrifice and commitment to building and empowering the next generation of African business leaders. I warmly welcome her to the Board,” Mr. Elumelu concluded.
In response, Parminder said: “In the last five years, we have empowered a generation of young Africans with the training, tools and opportunities to launch the continent into prosperity. As CEO, it has been my profound joy to support thousands of young people whose ideas are transforming Africa. I am therefore honoured to join the Tony Elumelu Foundation Advisory Board to contribute to the many more success stories that will emerge out of Africa.”
Accepting her appointment, Ifeyinwa said: “In my former role within the Foundation, I witnessed first-hand the potential of entrepreneurship in tackling Africa’s key challenges – unemployment and poverty. Our recently launched TEFConnect, the digital networking platform connecting African entrepreneurs, investors and mentors for business success will further achieve our Founder’s goal of democratising luck across the continent and fostering business beyond physical borders.” “I am honoured by the opportunity to build on Parminder’s legacy and launch the Tony Elumelu Foundation into its next phase of growth.”
Prior to joining the Tony Elumelu Foundation, Ifeyinwa served as a management consultant for the Enterprise Development Centre at the Pan-Atlantic University. She sat on the Board of Women Empowerment and Children Relief in Africa, a Cape Town-based non-profit focused on enhancing the economic welfare of women. Ifeyinwa holds a Bachelor of Law degree from the University of Wales, and a Post Graduate Degree in Business and Executive Coaching from the Integral Africa Institute, Cape Town. She is an associate of the Chartered Institute of Arbitrators, Nigeria.
Desarrollar Partners With Top Firms To Improve Real Estate Solutions
Desarrollar Limited a lifestyle and leading real estate solutions company in Lagos, Nigeria has partnered with Union Trustees Limited, First Bank Trustees Limited and Banwo & Ighodalo and The Lodt Legal Partners to improve real estate services and solutions.
The partnership which was signed on Monday, in Lagos, will unveil Nigeria’s most secure and institutionalized real estate trust consortium aimed at safeguarding the financial investments of Nigerians and Africans living abroad and in Nigeria.
According to the Lead Partner, Desarrollar Limited, Mr Ikemefuna Mordi, the trust framework includes Nigeria’s leading Trustees, legal firms and real estate firms which will work towards ensuring and providing real estate solutions.
Ikemefuna said, “Desarrollar and its partners have created an institutionalised safe-haven to protect Nigerians and Africans in the Diaspora and those living on the African continent from fraud, deception and, sometimes, misplaced dependence on dishonest family-based relationships, through delivering full, seamless and stress-free lifestyle colutions to the Nigerian and African communities both at home and abroad.”
He explained that Desarrollar applies a premium standard of excellence to its residential development, commercial development and real estate acquisition services in Nigeria, The United States and the United Kingdom. Their website www.desarrollargroup.com throws more light on their Service offerings.
Asia’s Richest Man, Mukesh Ambani Hosts $100 Million Wedding For Daughter
India is preparing for what could be one of the world’s most expensive weddings ever, a spectacle that could even put the fictional nuptials in Crazy Rich Asians to shame.
On Dec. 12, Asia’s richest man — oil-and-telecom tycoon Mukesh Ambani — is scheduled to give away his daughter Isha to billionaire Ajay Piramal’s son, Anand. The week-long extravaganza is estimated to cost about $100 million, according to people familiar with the planning. To put the figure in perspective, Prince Charles and Princess Diana’s wedding 37 years ago reportedly cost $110 million in today’s dollars.
Invitees to the pre-wedding festivities, in the central Indian lake city of Udaipur, range from international celebrities such as Beyonce to politicians like Hillary Clinton and business tycoons including Henry Kravis, according to people familiar with the matter. The guest list is so long that the Ambanis and Piramals have taken over at least five five-star hotels nearby, and a war room has been set up in Mumbai to manage logistics, they said. According to local media reports, more than 100 chartered flights will fly guests to and from Udaipur’s Maharana Pratap Airport.
As gratitude to the city of Udaipur, the Ambanis donated enough food to feed 5,100 people three meals a day for four days, and set up a bazaar to showcase 108 traditional Indian paintings, pottery and other art from local artisans, according to a statement from a family representative.
The main ceremony will be held at the patriarch’s home, the 27-story Antilia palace in Mumbai, and post-wedding events will be held in the city.
For the chairman of Reliance Industries Ltd., who overtook Jack Ma this year as Asia’s wealthiest man, Isha will be the first of his children to wed. After the festivities, the newlyweds are poised to move in to their $64-million diamond-themed mansion at the Gulita building in Mumbai, according to one of the people.
A Reliance representative didn’t respond to an emailed query, while a spokesperson for Piramal Enterprises Ltd. declined to comment.
TY Danjuma At 81, Legacy of Service
For General Theophilus Yakubu Danjuma (rtd), life can be said to be, ultimately, eventful. On the day of his birth, 81 years ago, if a soothsayer had told his parents that their son would grow up to be a beacon of light that would illuminate the pathways of many in and around their humble Takum community and even beyond, they would have told him to go ply his trade elsewhere. Considering their material circumstances, greatness for their son was only a wish, like every other parent, they would have prayed for their son. From their grave, it is obvious that they will surely be pleased with their Yakubu. As always, fate usually has its way in the affairs of mankind and TY, as he is fondly called by his peers and admirers, could not have wished for more than he is able to achieve in this fiercely competitive world. After a most glorious career in the military, and on retirement as Chief of Army Staff, TY proved, by his versatility that yielded and is still yielding immense result, that his record as a combatant was hugely earned. Today, he is idolised as one of the best the Nigerian military ever produced, a consummate politician and a dependable godfather who served as Minister of Defence in the President Olusegun Obasanjo’s administration, multi-billionaire businessman and world acclaimed philanthropist. His chain of business connections is as imposing as his personality. From shipping, banking, agriculture, telecommunication to oil, the Danjuma mystique leaves in its trail a flurry of activity that awes the imagination. With his wealth which he once personally describe as immeasurable, he is touching lives in a way only he can. From the pedestal of his TY Danjuma Foundation which seeks to alleviate poverty in communities by providing basic amenities, education for children and young adults while also providing free medical care for indigent people, he is proving to the outside world that philanthropy runs in his DNA. Danjuma was born in Takum, Taraba State (formally Gongola), Nigeria to Kuru Danjuma and Rufkatu Asibi. He started his education at St Bartholomew’s Primary School in Wusasa Zaria and moved on to the Benue Provincial Secondary School in Katsina-Ala where he was the captain of the school cricket 1st XI team. He received his Higher School Certificate in 1958. On leaving high school, Danjuma’s first choice of a career was not, ironically, the military. He enrolled at the Nigerian College of Arts Science and Technology in Zaria (Ahmadu Bello University) to study History on a Northern Nigeria Scholarship. Maybe, he had in mind to be a teacher or a diplomat. However, again, fate, that unseen hand in the affairs of men, had other plans for the young Danjuma as he had to leave the university to enrol in the Nigerian Army. Yet, he still achieved his aim of being a diplomat when in 1970, he attended the International Court Martial in Trinidad and Tobago as Nigeria’s representative, where he was appointed president of the tribunal in a case brought against members of a failed coup attempt in Trinidad and Tobago. Through the activities of his foundation, schools are built and scholarships awarded to the indigent thus fulfilling his other aspiration of being an educationist.
While in office as senior military officer, he spearheaded efforts to curb the politicisation of the military, and was a firm supporter of democracy and the Rule of Law. His opposition to President Obasanjo’s attempts in 2006 to engineer a way that would have enabled himself and state governors to serve more than two consecutive terms, earned him the enmity of his lifelong comrade-in-arms. But it didn’t bother him as he believed in the greater good to be achieved for Nigeria when men, especially leaders, begin to appreciate the indispensability of the qualities of integrity and firm attachment to the common good. Danjuma served as Chairman of the Victims’ Support Fund Committee, supporting the victims of terror. Prophetically, as if he was talking to the present administration, he warned the government of Goodluck Jonathan that the battle to win the insurgency war had already taken too long. As he ages gracefully, TY is generously oiling the wheel of his most enduring legacy to humanity by deploying his enormous wealth to projects and services that are aimed at putting lasting smiles on the face of the less privileged in the society. The TY Danjuma Foundation is partnering with Non-Governmental Organisations, NGOs, throughout Nigeria, and with the support and co-operation of 36 state governors. A grateful nation, in appreciation of his meritorious service to fatherland bestowed on him the second highest honour in the country, the Grand Commander of the Order on the Niger (GCON). By now, he himself must have lost count of chieftaincy titles, as well as honorary degrees from universities intent on saying thank you to him for a job well done. Happy birthday.
Heirs Holdings Signs $600 million Facility Deal With Afrexim Bank
To scale its Energy Investments.
December 11, 2018 – Cairo, Egypt: As a further demonstration of the African Export-Import Bank’s (“Afrexim”) mandate to facilitate the growth of intra-Africa trade and support the development of African businesses, Afrexim today, signed financing facilities totalling US$600 million with the Heirs Holdings Group, a pan-African proprietary investment holding company. Heirs Holdings has significant investments across Africa, in the financial services, resources, real estate and hospitality and power sectors. The facilities will further support the Group’s power, oil and gas strategy, as it positions itself as an African leader in integrated natural resources. The signing ceremony took place at the Afrexim Intra-Africa Trade Conference taking place in Cairo, Egypt.
The proceeds of the facilities will assist the Heirs Holdings Group vision of creating a dynamic resource based division, focused on ensuring value creation occurs on the African continent and that value chains are developed, that directly benefit the broader African economy and consumer.
Commenting at the ceremony, Dr. Benedict Oramah, President of Afrexim who signed on behalf of the Bank, stated that the investment by Heirs Holdings would play a key role in addressing some of the fundamental challenges that have affected the power and energy sectors in Africa. He stated that “A world class energy sector is fundamental to the sustainable growth of businesses in Africa. If we do not deal with these basic matters, growth of trade and exports will always be limited”.
Mr. Tony Elumelu, the Chairman of Heirs Holdings, commented that “We are delighted to be partnering with Afrexim. The Bank continues to play a critical role in the economic and social development of the continent. Together, we illustrate that Africa can create world class institutions, which are capable of successfully making the long-term investments necessary for Africa’s economic transformation and catalyse the enabling environment that will unleash Africa’s potential”.
FirstBank Restates Committment To SMEs, Agric Sector Growth
First Bank of Nigeria Limited has expressed its commitment to the growth of the agricultural value chain and creating opportunities for the Small and Medium Enterprises (SMEs) to thrive in the country.
Its Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney, made the assertion at the fourth edition of Fiesta of Flavours in Lagos.
The News Agency of Nigeria (NAN) reports that the Fiesta of Flavours is a food and beverage fair that provides an avenue for participants to fully experience the entertainment, art and business of food.
The fair organised by FirstBank in collaboration with the Eventful Ltd, connects SMEs with prospective customers toward boosting sales, exposure and business growth.
Ani-Mumuney said that the financial institution was committed to helping SMEs in the food sector to grow and develop, while promoting economic diversification.
According to her, SMEs are critical to the development of the nation’s economy and should be supported by all stakeholders in the overall national interest.
Also, Mrs Yewande Zaccheus, the Chief Executive Officer, Eventful Ltd., said that the initiative had created a platform that converges SMEs and customers in a relaxed atmosphere while promoting business activities.
Zaccheus said that many SMEs, especially those in the online space has leveraged on the opportunity of the fair to create awareness about their products, forge more partnerships and client base.
She said that many businesses that were showcased had grown through the platform and impacting positively on the economy.
Commenting, Mr Olisa Adibua, the Managing Director, Perception Media, said that the fair had assisted in showcasing the best in local and international cuisine, not just to Nigerians, but the international community.
Chef Tiyan Alile, the Founder, Culinary Academy and Culinary Consultant for Fiesta of Flavours, said that the fair provided a platform for vendors and customers to connect and also serves as a family day out.
“The hospitality industry is growing so much that people need offtakers.
“Contacts are exchanged at the fair and symbiotic relationship that leverages on various expertise from farm, packaging and culinary development are made,” Alile said.
She said that many jobs had been created with the fair through various trainings, seminars and competitions that empowers SME operators and visitors at the fair.
Commenting, Mrs Arinola Shobande, Head, Corporate Communications, Enyo Retail and Supply Ltd., said that the company was at the fair to enlighten consumers about standards of gas cylinders and also supply them with gas.
Also, Mrs Omolola Ezeifeoma, the Managing Director, Creative Foods Concept, commended the bank for the platform, saying that the fair helped her network to create awareness about her business activities.