Society
Again, Billionaire Businessman, Tony Elumelu, Expands His Coast
You must think long-term so that short-term failure doesn’t hold you down. No doubt, this is the abiding philosophy of respected banker and businessman, Tony Elumelu.
As an entrepreneur who made it to the top despite all odds, the Group Chairman of United Bank for Africa, UBA always thinks long term. Besides, Elumelu knows how rewarding taking a bold risk can be.
In 1997, the Delta State-born entrepreneur had led a small group of investors to take over a small, financially distressed commercial bank. A few years after, the bank became one of the top five banks in Nigeria, metamorphosing into UBA.
As of now, UBA has subsidiaries in 20 African countries, the United States of America and United Kingdom.
Ten years ago, he established the Tony Elumelu Foundation (TEF), and four years into his philanthropy adventure, Elumelu used his earnings to make a bold pledge to commit $100 million to 10,000 African entrepreneurs in 10 years through the TEF Entrepreneurship Programme, a Pan-African entrepreneur mentorship and training programme.
Today, the foundation has empowered over 9,000 people across Africa. Not yet sated, the 57-year-old Chairman of Heirs Holdings, in spite of the COVID-19 crisis changing the economic and business landscape, and wreaking economic disruption across the globe, is pitching investors to put their bets on the Africa’s economy.
In other words, Elumelu is advocating maximal use of the period to think outside the box-a message he has been telling the nearly 9,000 African entrepreneurs in his Entrepreneurship Programme.
“Necessity is the mother of invention.
We need to innovate. We need to keep thinking,” Elumelu says. While some see investing during the crisis as a gamble, Elumelu, who loves to lead by example knows how taking a bold risk can be rewarding.
Biased by this, Elumelu’s Heirs Holdings recently applied to the insurance industry regulator, the National Insurance Commission (NAICOM) to register two companies: Heirs Life Assurance Limited and Heirs Insurance Limited, respectively.
The applications, we gathered, had been treated based on the statutory provisions of the law for the registration and licensing of insurance companies, and have received necessary approvals from NAICOM.
Those who are aware of this intelligent businessman are already welcoming the Elumelu’s entrance into the insurance market, knowing that anything he touches turns into gold.
Paris has always had a way of making fashion feel less like clothing and more like theatre. And when the world’s style aristocracy gathered for the Spring/Summer 2027 season, Nigerian high flying businesswoman, Aisha Achimugu, arrived with the kind of polished glamour that commands attention without demanding it.
Against the timeless backdrop of the French capital, Achimugu stepped into the world of Paris Fashion Week in a look that married sophistication with modern femininity. Her ensemble was defined by a refined silhouette, impeccable tailoring and the kind of carefully considered styling in which every detail appeared deliberate. The proportions were elegant, the finish luxurious, while her accessories added just the right measure of sparkle and personality.
Her beauty look complemented rather than competed with the outfit. Immaculately styled hair, luminous makeup and a poised, confident bearing completed the picture, allowing the clothes to retain their quiet authority. It was a lesson in restraint: nothing appeared excessive, yet every element, from the jewellery to the finishing touches, contributed to the overall effect.
The real strength of Achimugu’s Paris appearance, however, was in the details. The interplay of texture and silhouette gave the look dimension, while the accessories provided those subtle flashes of glamour associated with the best society dressing. There was an understanding of proportion, balance and occasion, a recognition that at Paris Fashion Week, being noticed is not necessarily about wearing the loudest look in the room.
For Achimugu, fashion has never seemed like an afterthought. It is part of the persona, the jewellery, the sculpted silhouettes, the luxurious textures, the immaculate finishing and that unmistakable confidence of a woman comfortable in her own skin.
Her Paris appearance offered yet another glimpse into the glamorous lifestyle of the Felak Concept Group boss, whose public persona has over the years straddled business, philanthropy, high society and fashion.
In the city, amid the fashion houses and international style elite, Achimugu appeared more than as a spectator but as a Nigerian woman confidently occupying a global fashion space. Her look spoke in the sophisticated language of Parisian dressing, polished, assured and intentionally glamorous, while retaining the unmistakable confidence of a woman bringing her own sense of style to the occasion.
And as the lights of Paris dimmed on another fashionable season, her appearance left behind the unmistakable impression of a woman who understands that fashion, at its most powerful, is as much about presence as it is about clothes.
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