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Again, Billionaire Businessman, Tony Elumelu, Expands His Coast

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Tony Elumelu

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.

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Oando Boss, Wale Tinubu, Celebrates Alake of Egbaland at 80

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Alake of Egbaland

The Group Chief Executive, Oando Group, Mr. Adewale Tinubu, CON, has felicitated the Alake of Egbaland, Oba Adedotun Aremu Gbadebo, on his 80th birthday.

The oil mogul, in a message made available today, Thursday  September 14, 2023 congratulated the revered and respected monarch, who is also the Chairman of Oando Group, on the milestone.

Tinubu wrote: “I felicitate the Chairman of Oando, His Royal Majesty, the Alake of Egbaland, on his landmark 80th birthday.

Kabiyesi, your leadership and wisdom have been a beacon of inspiration to us all, and we, who have been privileged to know and work with you, have been positively impacted by you.

“80 years is truly a blessing from God, and I wish you good health, and many more years of impactful leadership.

“May your reign be blessed with continued success and your legacy forever etched in history. Kabiyesi o.”

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When High Flying Personalities gathered to Honour Iyalode of Lagos, Bintu Tinubu at 80

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‘’Of all the gifts that life has to offer, a loving mother is the greatest of them all’’ so says a popular quote.

To say that Oando boss, Wale Tinubu and his siblings were blessed with a loving mother is like stating the obvious, their mother, Chief (Mrs.) Bintu-Fatima Tinubu, the Iyalode of Lagos is a one a million whose love and care has guide them to who they are today.

Her love is  sweeter than flower of love.

To appreciate the loving, selfless and hardworking mother, her children Wale, Shola, Iyabo, Kunle, Jide and Olu yesterday gathered the world when the celebrated the woman as she clocked 80 in a blaze of glory.

For the children,  the attainment of the ripe age of 80 is  worth celebrating, particularly in a country, where death is so cheap.

It was a great moment for the Edo State-born businesswoman as her families, friends and business associates gathered to share her gladsome moment with her.

The birthday party is no doubt would be described as a blowout, lively, sparkling, fun, exciting, and enjoyable, it is simply the best so far  in the year 2023.

Trust the Tinubus, they are  detribalised Nigerians whose circle of friends cuts across the various Nigerian tribes that they has built over the years.

They   showcased their  hospitality side as they hosted Who- is-who in high society, including captains of industry, monarchs, politicians, socialites and celebrities, yesterday Sunday, July 2nd 2023 at  the Grand Ballroom, Eko Hotels and Suites, Victoria Island, Lagos.

It was indeed a night for the high-networth,  high profile and highflying  eminent personalities.

It was obvious that they have a commanding sense of hospitality. It was upscale and finest in all ramifications.

 From the catering to the ushering, no stone was left unturned. Ushers were brought in to perform different tasks; from assigning seats to guests to taking their meal requests and even ensuring that the place was immaculate and clean.

The hall was colourfully decorated with balloons and other aesthetic materials to give it a regal look. The foods were incredibly rich, flavoursome and magically moreish.

Premium and top-quality drinks only meant for the elites flowed like an endless river. Indeed, the gaily guests had no reason to complain as everything was well taken care of.

There was no dull moment as Vintage Band was there to serenade the gaily dressed guests.

The party go to its peak with the King of Juju music, King Sunny Ade that proved that he is still on top of his game as he livened up the atmosphere with his world class beat while guests danced until their legs could no longer carry them. 

Some of the guests at the birthday bash include, the governor of Lagos; Babajide Sanwoolu with his wife, Ibijoke Sanwoolu, Ogun State governor; Dapo Abiodun, Kwara State governor, Abdulrahman Abdulrazak, Senator Gbenga Daniel with his wife, Yeye Funke Daniel  Senator Ibikunle Amosun with his wife, Funsho Amosun,  Alhaji Aliko Dangote, Femi Otedola, Tony Elumelu, Abdulsamad Rabiu, Hajia Bola  Shagaya, former Senate President, Bukola Saraki with his wife, Toyin Saraki, Babagana Kingigbe, Folly Coker, Wale Edun, Mo Abudu, Founder and Coordinator of Tinubu Support Group; Hon. Aminu Suleiman, Segun Awolowo, Hajia Abbah Folawiyo, Yomi Awobokun, Among several other eminent personalities.

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Celebrating The King of African Oil, Jubril Adewale Tinubu at 56

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Jubril Adewale Tinubu

From midnight, even as  Jubril Adewale Tinubu, CON,  Group Chief Executive, Oando Plc, chose to  put his mobile phone on silent mode, its screen flashed continuously and  aroused  him from his beautiful sleep, as it was  bombarded with calls and text messages from family members, friends , business associates et al.

Interestingly, the undisguised expressions of love by his loved ones from that dead of night and through the rest of the day have become like an annual ritual of sorts that they perform whenever the oil guru marks his birthday.

On his part, the University of Liverpool- trained lawyer has so much to thank God for, as he turned 56 today, Monday, June 26.

A reliable source told us that Tinubu, who began his career with his family law firm, K.O. Tinubu and Co., in 1990 and later co-founded Ocean and Oil Group in 1994, is celebrating the birthday surrounded by  his family at his residence in London.  

Also, the occasion affords Tinubu, fondly called The King of  African Oil, to  thanked God for the rare grace to have lived an eventful life thus far and for another great opportunity to reflective on his earthly sojourn so far, and pray for greater blessings in the coming years.

It was also gathered that he would use the occasion to put smiles on the faces of the needy around him in his characteristic magnanimity and sense of fellow-feeling.

This may not be surprising to those who know him too well, as he had used the occasions of his birthday in the past to act as the Angel of hope to the disadvantaged members of the society.

Just like his name, Jubril, he has been an angel to many whose paths have crossed with his on many occasions. He has lent support and been a shoulder to lean on for numerous less-privileged and the poor.  He is indeed  a bellwether in the acts of generosity to  others. He sees sharing love with them as a sacred devotion.

The man who today is Africa’s pride in oil and gas   is usually driven by an abiding quest to change the lives of his people  for the better.

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