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Personality in Focus

Adeduntan Sustains Winning Streak, Pioneers Leadership Excellence in Banking

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Since his appointment as MD/CEO of First Bank of Nigeria Limited in 2016, Dr. Adesola Adeduntan has completely transformed the financial institution and has made it attractive to every strata of the society. From an institution that used to be perceived as an old-generation bank, FirstBank is now a darling to all as it leverages latest digital tools to meet its customers’ needs. Also, under Adeduntan’s leadership, the 128-year old bank has made huge contributions to national development, thereby stimulating development, setting standards and motivating excellent output across sectors. Clearly, these contributions to national development were what endeared Adeduntan to President Muhammadu Buhari who recently saluted him on his recognition by Cranfield University, UK, one of the most prestigious citadels of learning in Europe. Adeduntan will on Wednesday, June 22, be conferred with Doctor of Science, Honoris Causa and he would be delivering an address to the graduating class of the university. This feat, the president in a statement by his Special Adviser (Media and Publicity), Femi Adesina, described as, “another testament to the fact that Nigeria is blessed with the brightest and the best in all areas of human endeavor.” Buhari lauded Adeduntan for being a role model to the younger generation, showing that hard work pays, and with resourcefulness and doggedness, great heights are achievable.

Adeduntan holds a Doctor of Veterinary Medicine from the University of Ibadan, Master’s in Business Administration from Cranfield University, and is Fellow of Institute of Chartered Accountants of Nigeria (ICAN), as well as Chartered Institute of Bankers of Nigeria (CIBN).

The president sent best wishes to Adeduntan and family as he hoisted Nigeria’s flag proudly to receive an honor Cranfield University said was in recognition of his outstanding contribution to business. Incidentally, Buhari’s commendation came on the day the bank successfully held its AGM which showed a stellar performance in its financials, a transformational result that put the bank on course to reclaiming its leadership position of the financial sector.

Adeduntan has a distinguished career in finance having held senior positions at Citibank Nigeria, KPMG and Arthur Andersen Nigeria. He studied at Cranfield University as a British Chevening Scholar, achieving an MBA in 2005.

Commenting on the honour by Cranfield University, the FirstBank boss said: “I am extremely humbled and most grateful to the university for this recognition. My time at Cranfield served as a catalyst for my professional and personal development propelling me to the leadership position I occupy today.

“I am a firm believer in talent management, being vital to further accelerate Africa’s growth to enable it to benefit from its demographic dividend and the opportunities therein. I look forward to sharing my experiences with the students on the universal applicability of the skills the Cranfield MBA provides to positively impact the world.”

On his part, the Chief Executive and Vice-Chancellor of Cranfield University, Professor Karen Holford CBE FREng also congratulated Adeduntan, saying: “It is an honour to welcome Dr Adeduntan back to Cranfield to recognise all his professional achievements in this way. His own experience at Cranfield University has propelled his career forward and this serves as a true inspiration for our graduates both this year and in the future.”

Indeed, Adeduntan is an accomplished professional with distinctive international and domestic experience in commercial and investment banking, development finance, audit, and consulting; a philanthropist and leader with keen interest in providing platforms for the development of other young leaders.

The FirstBank Group, the commercial banking arm of FBN Holdings Plc, which he heads is made up of First Bank of Nigeria and subsidiaries including FBNBank UK, FBNBank DRC, FBNBank Ghana, FBNBank Senegal, FBNBank Guinea, FBNBank Gambia, FBNBank Sierra Leone and First Pension Custodian as well as Representative Offices in France and China.

Adeduntan is overseeing one of the most extensive transformation programmes in sub-Saharan African financial services industry, with the goal to reposition FirstBank Group to market pre-eminence.

He is leading FirstBank Group on the journey to win the most significant emerging business opportunities in the financial services industry through the development and execution of a digital-led strategy that has established FirstBank as the dominant player in digital banking.

FirstBank Group’s transformation programme, under the leadership of Adeduntan has enabled the bank to grow customer accounts from about 10 million in 2015 to over 36 million (including digital wallets), become the second largest issuer of cards in Africa with over 11.8 million issued cards, onboard over 18.6 million active customers on FirstBank’s digital banking platforms, and initiate and grow the most expansive bank-led Agent Banking Network in Africa with over 170,000 agents.

His career in banking and finance, spanning almost three decades, has earned him various recognitions and awards including Forbes Best of Africa – Outstanding Leader in Africa, Distinguished Alumnus Award by both the Cranfield University’s  School of Management and the University of Ibadan, African Banking Personality of the Year,  African Banker of the Year Award; Banking Icon of the Decade by the Sun Newspapers and induction into the African Leadership Magazine (ALM) Hall of Fame, Honorary Citizenship of the State of Georgia and Congressional Commendation Award from the Georgia Senate – USA, Bank CEO of the Year by the AES Excellence Club and several other awards.

He has attended various executive and leadership programmes at Harvard Business School (USA), Wharton School (USA), London Business School (UK), IESE (Spain), University of Oxford (UK), University of Cambridge (UK), CEIBS (China) and INSEAD (France). He is a fellow of both the Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Bankers of Nigeria (CIBN).

Adeduntan’s leadership drive also reflected in First Bank Nigeria Limited’s recently released full year 2021 financial statement. The results clearly showed the strength and resilience of the iconic African elephant as well as the financial institution’s leadership in the industry. The impressive results were a reflection of the robust strength and growth of the iconic African elephant, showing that the bank has taken its rightful position among the industry leaders.

In addition, it showed the level of work the current board, management and staff of the bank have put in to turn the tide in the 128 years old institution with entrenched corporate governance.

The full year 2021 performance by the bank represented a shift in the financial institution’s performance trajectory and was made possible through its undeterred commitment in pursuing its transformational agenda; cutting across customer-led innovation, building a digitalised bank, culture change, reinventing the bank’s workplace and safeguarding its assets for the digital age.

For the first time, FirstBank Group posted the best result in more than a decade history of the bank by crossing the N100 billion profit line. Specifically, in the full year 2021 financial statement, the FirstBank Group reported a 73.9 per cent growth in its profit after tax to N117.8 billion, as against the N67.8 billion recorded as of December 2020, just as its profit before tax stood at N130.9 billion, which was a significant rise by 77.9 per cent year-on-year, as against the N73.6 billion it was as of December 2020.

FirstBank’s gross earnings also increased by 30.3 per cent to N716.8 billion in 2021, up from N550.3 billion it was as of December 2020. Also, it recorded non-interest income of N342.2 billion in the year under review, which was 106.4 per cent higher than the N165.8 billion recorded as of December 2020. As a result of years of strategic restructuring of its balance sheet and operations, its gross earnings also moved northwards by 30.3 per cent, its total assets was up 15.9 per cent to N8.5 trillion as of the end of 2021, as against the N7.4 trillion recorded the previous year, just as its customer deposits also climbed by 19.5 per cent to N5.6 trillion, up from the N4.7 trillion recorded the previous year. The bank’s customer loans and advances also improved by 28 per cent to N2.8 trillion in the year under review, up from N2.2 trillion the previous year.

FirstBank has shown innovation, resilience and commitment to growth by significantly reducing its non-performing loans (NPL) from 25% in 2016 to an acceptable level of 6.1% in 2021.

To demonstrate that the bank’s performance in 2021 was not a fluke, the Bank equally performed excellently well in Q1 2022. FirstBank recorded 32% increase in gross earnings to N180bn in Q1’22 from N136.6bn in Q1’21. Profit after tax was up 108% to N32.4 billion (Q1’22) relative to N15.6 billion (Q1’21). This impressive performance is hinged on robust loan portfolio, effective cost structure and increased digital services.FirstBank recorded the highest decline in its cost-to-income ratio in Q1 2022, dropping from 79.5% recorded in Q1 2021 to 67.03% amongst tier-1 Banks in the review period.

With FirstBank under Adeduntan, the safety of customers and the security of their transactions come first. This has ensured the bank keeps the trust of Nigerians gained over the many years of its enduring legacy of safety and security.

The bank also delivers unique and bespoke financial services solutions across all customer segments underpinned by its commitment to innovation and the customer experience. It also leverages its strong investment banking capabilities to support clients in defining and executing innovative debt solutions as well as offer strategic advice at the highest level, arrange tailor-made financing structures, manage risk and ultimately help clients to realise their aspirations

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership.

Over the years, the bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the federal government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner. It is expected that the leadership excellence and recognitions accorded to Adeduntan would continue to reflect positively on the FirstBank brand and fundamentals of the bank so that the elephant will continue to stand ‘gidigba.’

Culled from ThisDay

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Personality in Focus

Duro Ladipo’s Son, Yomi, Becomes TAMPAN Oyo Chapter Governor

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Yomi Duroladipo, popularly known as Arole Asa and Oba, is stepping into a new phase of leadership in Nigeria’s entertainment industry as Governor of the Theatre Arts and Motion Pictures Practitioners Association of Nigeria (TAMPAN), Oyo State chapter. The son of legendary Yoruba theatre icon, Chief Duro Ladipo, Yomi brings a rich cultural heritage, years of experience in the performing arts and a vision to reposition the association for greater relevance.

Born into a family deeply rooted in Yoruba culture and traditional theatre, Yomi grew up surrounded by the performing arts. His father, the legendary Chief Duro Ladipo, popularly known as Sango, was one of the most celebrated figures in Yoruba theatre, while his mother is popularly identified with the cultural identities of Oya and Moremi Ajansoro.

For Yomi, inheriting such a distinguished family name is both a privilege and a responsibility. He acknowledges that maintaining his father’s legacy requires discipline, caution and a conscious commitment to upholding the values associated with the name.

However, rather than rely solely on his father’s reputation, he has worked towards establishing his own identity in the entertainment industry.

His distinctive appearance in traditional Yoruba attire and his trademark cap have become part of his personal brand. He has also developed a unique performance style by blending Western musical instruments with traditional Yoruba instruments, creating a fusion that distinguishes him from other cultural entertainers.

His passion for entertainment dates back to childhood, when he developed an interest in bringing people together through music, dance, drama and creative performances. His acting talent began taking shape during his primary school days, when he represented his school in a stage performance for the late educationist and founder of Mayflower School, Tai Solarin, in Ikenne, Ogun State.

That early exposure further strengthened his passion for the creative industry and eventually inspired him to establish Yomi Duroladipo Arts and Entertainment Company, popularly known as Y.DAD Entertainment.

Although he studied Mechanical Engineering, Yomi has built a career across different areas of entertainment. He is an actor, musician, dancer, stage director and movie director. He also plays the saxophone, which he creatively combines with traditional Yoruba drums during cultural performances.

His artistic philosophy revolves around creativity, innovation and the preservation of Yoruba cultural heritage, particularly through the fusion of traditional and contemporary entertainment.

Having been exposed to theatre and filmmaking from birth, Yomi describes his journey as a lifelong commitment to the arts, marked by continuous learning, experience and the desire to contribute to the development of the entertainment industry.

His emergence as Governor of TAMPAN Oyo State signals a new chapter in his professional journey, shifting part of his attention from individual artistic achievements to institutional leadership and the development of fellow practitioners.

TAMPAN, the Theatre Arts and Motion Pictures Practitioners Association of Nigeria, is one of the major professional associations representing practitioners in Nigeria’s theatre and motion picture industry.

Yomi believes that the association requires renewed commitment to institutional development, structural reforms and improved opportunities for its members.

His administration is expected to focus on upgrading, reformation, rebuilding and transforming the Oyo State chapter.

Talent discovery and development will also form a major part of his agenda, with plans to identify emerging talents, encourage young practitioners and create opportunities for creative professionals to showcase their abilities.

Beyond these priorities, Oba ASA vision is to strengthen the association, promote professionalism, improve its relevance and establish a more productive environment for members to thrive.

For a man born into the legacy of one of Yoruba theatre’s greatest icons, the new responsibility presents another opportunity to demonstrate that preserving a great heritage is not only about celebrating the achievements of the past but also building institutions and creating opportunities for the next generation.

As Yomi Duroladipo begins this new chapter as Governor of TAMPAN Oyo State, expectations are high that his cultural background, creative experience and leadership ambitions will translate into meaningful reforms and a renewed direction for the association.

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Personality in Focus

Food for Living: Belated Happy Birthday, Dr. Joe Abah

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By Henry Ukazu
Dear Destiny Friends,

Today is one of those days children of the next generation will remember because a great man was born on October 25, 1964. Today, I choose to celebrate a great man, grandfather, father, uncle, friend, and mentor who has been an inspiration and blessing to my life.

I would like to begin by saying a belated happy birthday to Dr. Joe Abah, though I wished him happy birthday on X on his birthday. To me, this is my little sacrifice to show him how I revere him.

During my formative years, I would have said “happy belated birthday”; that’s simply because I haven’t met Dr. Joe, the technical teacher. That word “Happy Belated birthday” is grammatically wrong.

As an intentional man, let me say this: I have many mentors, and each of them plays a unique role in my life. One of the endearing unique qualities of Dr. Joe is his unique selflessness.

A sage once said, ” The joy of life is not how happy one can be but how happy one can be because of you. Dr. Joe, please bear with me; I will do my best to make this article a little bit personal. One might be wondering why I am writing about Dr. Joe like I have known him for ages; well, the answer is not far-fetched: life is not about quantity, but quality. I don’t have to know someone for a decade or more to put my thoughts together about them. One encounter can change a lot, and that’s exactly what Dr. Joe has done.

A little background information about how I randomly got to know Dr. Joe Abah. I met with Dr. Joe on X (formerly Twitter), and we connected on a social media platform, and I was attracted to his posts. His posts usually come across as intellectually stimulating, nourishing, and entertaining. On X, he is known as Ezemmuo (King of the Spirits). Some people call him the oracle and mouthpiece of the gods because of his uncanny and clairvoyant way of predicting the future, and most of the time, his predictions are 90% true.

My friendship and relationship began to grow when in April 2021 requesting his followers to give him a reason why they would like to partake in a Leadership training to celebrate his friend, Benjamin Akande. When I saw this tweet, I reluctantly applied and forgot about it. I was surprised that after about a week or two weeks, I was selected. Not only did he select me, but he also followed me on X. That, to me, was the beginning of our friendship.

I was able to nurture this friendship, and today, we have grown to the extent that he has invited me for lunch. Our bond strengthened when I reached out to him to write the foreword to my foreword for my third book and he was gracious to not only write the foreword but endorse the manuscript as “excellently written” after he must have read the manuscript.

Dr. Joe has many endearing qualities that attracted me to him, but none stood out for me like his humility, tolerance, and wisdom. Here is a man who has achieved success by any standard one can measure, depending on the rubric one chooses to measure success.

As a matter of fact, it was his humility that made me reach out to him to write the foreword to my third book, “The Six Pillars of Success. Before I reached out to him, I took my time to read every available piece of information I could find about him online, especially since I’m writing a book that is personal to me because I figured out I must have a name that resonates with the six pillars of success: (Purpose and personal Development, Career and vocational excellence, financial independence and freedom, Health and wellbeing, Healthy family and social relationships, and Spirituality and Inner Grounding).

If you know Dr. Joe, you’ll agree with me that he matches all these pillars. It’s instructive to note that before I published the book, some of my friends advised me to use some of the big names I know, and I asked them, ” What’s the definition of a big name? It was at that moment I understood the mindset and maturity of some people. How do you rate a human being just because he has “questionable money” or has attained a political position through fraudulent or illegal means? I have always believed that if the only thing one has is money, that person is poor.

As a very intentional person, I’m very particular with the people I associate and relate closely with; I always asked myself what kind of life would I want to live, what kind of life do I want my children and humanity to remember me for?  These and many more are what led me to revere Dr. Joe as a revered mentor.

Permit me to share some of the distinguishing traits of Dr. Joe. He’s an academic scholar. He has occasionally used this knowledge, wisdom and understanding to educate everyone on his platform, especially men, this singular act made me coin a nickname for his “KING OF THE BOYS” due to his uncanny way of speaking. He has also continually stated that he doesn’t advise women on X, and he doesn’t like politics nor engage in it.  No wonder he has been taunted as Ezemmuo

Dr. Joe is blessed with a rational temperament. Despite the detractors and sophisticated level of jealousy on X, he has managed to control his emotions in a country where many people would have lost it. The level of criticism I see against him online makes me ask: what sin has Dr. Joe committed? There is nothing I found except that he has truly discovered himself, developed himself, and evolved in such a way his detractors couldn’t imagine.

Dr. Joe is a fitness enthusiast; remember I said earlier, Dr. Joe perfectly fits into an ideal man whose personality radiates more with books. Occasionally, Dr. Joe organizes Fit September on X to keep fit. That exercise has literally helped many people. On a personal note, I have grown six-pack abs, broad shoulders, and big arms all because of my intentional exercise. As a matter of fact, I have not missed a single day of exercise. Here are two excerpts from Dr. Joe in my box: “According to Dr. Joe Abaha, a governance expert, “I try to do 3 exercises daily: 1. Exercise my body for at least 30 minutes every day. 2. Exercise my brain by reading at least a page of non-fiction every day. 3. Exercise my spirit by praying every day”.

Finally, not least, Dr. Joe is an extremely humble man. His simplicity is so endearing and charming to the heart. It was through Dr. Joe that I learnt that the higher you go, the humbler one should become. Despite the height he has attained in life, he still condescends to the level of a teenager just to communicate the desired message.

I can go on, but as the sage will say, a word is enough for the wise.

Sir, as you celebrate your new age, I pray that whatever has not worked in your life will manifest and be accomplished this year. Amen.

Remain blessed for being a blessing.

Henry Ukazu writes from New York. He works with the New York City Department of Correction as the Legal Coordinator. He’s the founder of Gloemi. He’s a Transformative Human Capacity and Mindset coach. He is also a public speaker, youth advocate, creative writer, and author of Design Your Destiny- Actualizing Your Birthright to Success, Unleash Your Destiny, and The Six Pillars of Success. He can be reached via info@gloemi.com
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Personality in Focus

Ngozi Okonjo-Iweala’s Mother, Prof Kamene Okonjo, Dies at 96

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Professor Kamene Okonjo, a renowned sociologist, women’s rights advocate and mother of the Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has passed on at the age of 96.

Okonjo, who was also the matriarch of the Umu Obi Obahai Royal Family of Ogwashi-Uku Kingdom in Delta State, died on Friday.

Her death was announced on Sunday in a statement issued by the Palace Secretary of Ogwashi-Uku Kingdom, Prince Ifeakanachukwu Emordi, on behalf of the royal family.

The late professor was the wife of the immediate past traditional ruler of Ogwashi-Uku, Obi (Professor) Chukwuka Okonjo, with whom she was married for 66 years.

She was also the mother of the reigning monarch, Obi (Dr.) Ifechukwude Anishi Okonjo II, and WTO Director-General Ngozi Okonjo-Iweala.

The royal family described her death as a significant loss to the kingdom, citing her contributions to academic scholarship, women’s rights and social development.

An internationally recognised sociologist, Okonjo devoted much of her professional life to academic research and advocacy for women’s empowerment, earning recognition within and beyond Nigeria.

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“An internationally recognised and foremost sociologist, Professor Kamene Okonjo distinguished herself through her outstanding academic accomplishments, intellectual contributions and lifelong advocacy for women’s rights and empowerment,” the statement said.

The family noted that her influence extended beyond academia, particularly through her commitment to advancing opportunities for women and promoting education.

It also acknowledged her role within the traditional institution of Ogwashi-Uku, where she remained an influential member of the royal household.

Beyond her academic career, Okonjo was a mother, grandmother and great-grandmother whose family ties spanned several generations.

“While we mourn her passing, we celebrate a life exceptionally well lived,” the royal family stated.

The statement extended condolences to the reigning monarch, Okonjo-Iweala and other surviving children, including Dr. Njideka Okonjo-Udochi, Prince Onyema Okonjo and Prince Chichi Okonjo.

It also acknowledged the deceased’s grandchildren, great-grandchildren and other members of the extended royal family.

The family urged residents of Ogwashi-Uku to honour her memory and reflect on her contributions to scholarship, women’s advancement and the community.

Details of her funeral arrangements were not disclosed in the statement.

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