Personality in Focus
Idahosa Wells Okunbo: Highly Skilled Entrepreneur, Philanthropist
By Eric Elezuo
The mark of greatness lies in the ability to point at a direction, and say this is the number of lives I have touched, impacted and given a new lease of hope. However, it is only a handful of the men of means who qualify to be dressed in this garb, and the person of Captain Idahosa Wells Okunbor, popularly known as Hosa, is the first out of a few to be so classified.
Hosa’s philanthropy speaks loud and volumes, and has become a reference point in admonition and encouragement.
Born on January 7, 1958 in Benin City, Hosa, a business magnate, investor, philanthropist and trained commercial pilot of repute, is a proud product of the Reverend Robert Amos Okunbo family, who himself is a clergyman, teacher and community leader.
Okunbo started his path to a glorious career when he enrolled at the Government Primary School in Benin City, old Bendel State, now Edo State for his elementary education. He proceeded to Federal Government College, Warri, in 1971, where he sat for West African Senior School Certificate Examination, and came out in flying colours.
As a scholar who was not confused as regards the path he wishes to follow, made his choice early in life to become a pilot. As a result, he pursued his desire by studying at the Nigerian Civil Aviation Training Centre, Zaria, Kaduna State, and became a professional commercial pilot at the age of 21. He also attended ACME School of Aeronautics, Fort Worth Texas in 1983, where he obtained an Airline Transport Pilot License.
At the age of 25 in 1983, Okunbo was made a captain. He practiced his trade as a flight captain with Intercontinental Airlines for about two years, before moving over to Okada Airlines for where he served with honours for another three years.
In 1988 and at the age of 30, he retired from piloting having recorded over a whopping 7,000 hours of flight time, and ventured into private business, a calling that further launched him into the cycle of philanthropy.
With his hands in many pies, Okunbo established Hoslyn Ventures Nigeria Ltd., a company that was involved with procurement in the Nigerian petroleum sector. Hoslyn Ventures was an indigenous oilfield service company that was responsible for the Early Production Facility (EPF) project at Nigerian National Petroleum Corporation (NNPC) between 1998 and 2001.
More so, he had served in many capacities including chairmanship or directorial position on numerous company boards in Nigeria in various business sectors such as the agro-allied, petroleum, telecommunications, power, real estate and banking industries.
A man of diverse intelligence, who has investments in many businesses, Okunbo founded the following companies, which he also sits atop as chairman:
Wells San-Carlos Agro Farms Ltd., which, in March 2016, unveiled a $750 million, 9,000-hectare (22,000-acre) farm intended to “create 85,000 jobs in Edo State”.
Ocean Marine Security Ltd., an offshore asset-protection company, rendering services to major oil companies in Nigeria, including NNPC. Wikipedia reported that the company recently completed the building of the 46-kilometre (29 mi) Escravos–Warri Crude Pipeline, which was inaugurated by Nigeria’s Minister of State for Petroleum, Emmanuel Ibe Kachikwu.
PPP Fluid Mechanics Ltd., a marine and logistics company
Westminster Security Solutions Nigeria Ltd, a franchise of Westminster Group Plc UK, of which he is major shareholder.
Wells Group of companies, which include Wells Dredging Ltd., Wells Property Development Company Ltd., and Wells Entertainments Ltd. – through which Okunbo financed the movie Black November.
OMS Tankers Ltd., which owns Nigeria’s first marine tankers.
Hoslyn Habitat Ltd., which is a design, construction and landscaping company.
Gyro Air Ltd., operators of charter flight operations.
Okunbo is a director in the following companies:
Joint Marine Environ Guard Ltd. (JMEG)
Secure Anchorage Area Ltd. (SAA)
Digisteel Integrated Services Ltd.
Phil Nugent Nigeria Ltd.
Integrated Energy Distribution and Marketing Ltd. (IEDM), which is a core investor in Ibadan and Yola Electricity Distribution Companies.
Okunbo is member of the Board of Directors of NatCom Development and Investment Ltd., which is the holding company Nigerian telecommunications giant NTEL.
In 2012, Okunbo received the Africa Titans Award from the Congress of the United States in collaboration with the African Society Summit, in recognition of “strides on behalf of Africa in the international arena.” He was honoured for being one of those “who seek to project a new and hopeful light on Africa.”
In November of the same year, the University of Benin conferred him with an honorary Doctor of Science degree.
He was granted the “Worthy Ambassador of Unity Award” as an old student of Federal Government College, Warri in March 2016.
On October 2, 2014, the Oba of Benin, Oba Erediauwa, gifted Okunbo “with the ‘Traditional Beads’ for being a worthy son of the ancient Kingdom.”
Hosa’s act of philanthropy is congenital as he is known to have expressed his benevolence to as many that has come his way. Testimonies have it that no one who comes in contact with him goes back without a smile on his face. He is known to be nice to a fault, and has seen quite a good number of his constituents through academics or profitable empowerment.
He is a very good man.
Okunbo is married and is blessed with numerous healthy and prolific children
Personality in Focus
Dangote Gets World Bank Appointment, Tasked to Drive Investment, Job Creations in Emerging Economies
The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging economies.
In 2023, Mark Carney, the Prime Minister of Canada, co-chaired the Private Sector Investment Lab, which focused on attracting £1 trillion in sustainable investment to support the energy transition in emerging markets.
In a statement confirming his acceptance, Dangote reaffirmed his commitment to fostering sustainable economic growth through private sector-led investment, noting the transformative potential of such initiatives in developing markets.
“I am both honoured and excited to accept my appointment to the World Bank’s Private Sector Investment Lab, dedicated to advancing investment and employment in emerging economies,” the African industrialist said.
“This opportunity aligns with my long-standing commitment to sustainable development and unlocking the potential of developing economies. Drawing inspiration from the remarkable successes of the Asian Tigers, which have demonstrated the power of strategic investment and focused economic policy, I am eager to collaborate with fellow leaders to replicate such outcomes across other regions.”
The World Bank announced Dangote’s appointment on Wednesday as part of a broader expansion of its Private Sector Investment Lab, which now enters a new phase aimed at scaling up solutions to attract private capital and create jobs in the developing world.
Joining Dangote in the elite group are Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation.
The World Bank said the expanded membership brings together business leaders with proven track records in generating employment in developing economies—supporting the Bank’s sharpened focus on job creation as a central pillar of global development.
“With the expanded membership, we are mainstreaming this work across our operations and tying it directly to the jobs agenda that is driving our strategy,” said World Bank Group President Ajay Banga. “This isn’t about altruism—it’s about helping the private sector see a path to investments that will deliver returns, and lift people and economies alike. It’s central to our mandate.”
The global bank said that over the last 18 months, the Lab brought together leaders from global financial institutions to identify the most pressing barriers to private sector investment in developing countries and to test actionable solutions.
The statement said that the work had now been consolidated into five priority focus areas that were being integrated across the bank operations, including regulatory and policy certainty.
The Lab’s founding members included senior executives from AXA, BlackRock, HSBC, Macquarie, Mitsubishi UFJ Financial Group, Ninety One, Ping An Group, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy for All, Tata Sons, Temasek, and Three Cairns Group. The Lab is chaired by Shriti Vadera, Chair of Prudential plc.
The Dangote Group, founded by Aliko Dangote, is the largest conglomerate in West Africa and one of the largest on the African continent. With interests spanning cement, fertiliser, salt, sugar, and oil, the Group employs over 30,000 people and is the largest taxpayer in Nigeria—contributing more in taxes than all of Nigeria’s banks combined. It is also the country’s largest employer after the government.
The $20 billion Dangote Petroleum Refinery & Petrochemicals, the Group’s flagship project, stands as the largest single private investment in Africa.
In addition to his business interests, Dangote leads the Aliko Dangote Foundation (ADF), the largest private foundation in sub-Saharan Africa, with the largest endowment by a single African donor. The Foundation primarily focuses on child nutrition, while also supporting interventions in health, education, empowerment, and disaster relief.
The Governor of Ogun State, Prince Dapo Abiodun, CON, has congratulated real‑estate titan, and Chairman/CEO, ADRON Homes & Properties, Aare Adetola EmmanuelKing, on his 50th birthday.
“Reaching fifty in good health and remarkable professional standing is a testament to God’s grace,” the governor said in a statement he personally signed.
Governor Abiodun lauded Aare Adetola’s “exceptional journey and unwavering commitment to excellence,” noting that ADRON Homes has expanded under his leadership from modest beginnings to a leading national developer that has broadened access to home-ownership for countless Nigerians.
“As governor of your home state, I am proud of your accomplishments,” Governor Abiodun added.
The Governor highlighted Aare Adetola’s deep‑rooted investment in people and the local economy, describing it as a reflection of faith in Nigeria’s limitless potential. He credited the celebrant’s “strategic foresight and community‑driven initiatives” with lifting the country’s real‑estate sector to new heights.
On behalf of his family and the people of Ogun State, Governor Abiodun wished EmmanuelKing continued health, wisdom, and impact, extending heartfelt congratulations to his family, friends, and associates on this golden jubilee milestone.
The funeral for Pope Francis will be held on Saturday, the Vatican announced on Tuesday, as world leaders from US President Donald Trump to Ukraine’s Volodymyr Zelensky said they would attend to honour the Catholic leader.
The Argentine pontiff, 88, died on Monday from a stroke, less than a month after returning home from five weeks in hospital battling double pneumonia.
His funeral, which is expected to draw huge crowds, will take place at 10:00 am (0800 GMT) on Saturday in the square in front of St Peter’s Basilica at the Vatican.
Francis’s coffin — which he previously ordered should be of wood and zinc — will then be taken inside the church and from there to the Rome basilica of Santa Maria Maggiore for burial.
The date was set by the first so-called “general congregation” of cardinals on Tuesday morning, which kicked off a centuries-old process that culminates in the election of a new pontiff within three weeks.
Earlier, the Vatican published the first images of the pontiff in his open coffin, ahead of its transfer to St Peter’s Basilica on Wednesday at 9:00 am (0700 GMT), to lie in state.
The pope’s body was photographed during a service Monday evening in the chapel of Casa Santa Marta, the Vatican residence where he lived during his 12-year papacy, and where he died.
Francis was wearing his red papal vestments, a mitre on his head and had a rosary between his fingers.
Tributes have poured in from around the globe for Francis, a liberal reformer who took over following the resignation of German theologian Benedict XVI in 2013.
His home country, Argentina, prepared for a week of national mourning while India began three days of state mourning on Tuesday — a rare honour for a foreign religious leader in the world’s most populous nation.
Heads of state and royalty are expected for his funeral, due to be held at St Peter’s Basilica, with Trump and France’s Emmanuel Macron the first to announce they would attend.
On Tuesday, a source at the Ukrainian presidency told AFP that Zelensky, too, would come to Rome.
Cardinals of all ages are invited to the congregations, although only those under the age of 80 are eligible to vote for a new pope in the conclave.
The conclave should begin no less than 15 and no more than 20 days after the death of the pope.
Simple tomb
The pope’s body was moved into the Santa Marta chapel on Monday evening, and his apartment formally sealed, the Vatican said.
Francis, who wore plain robes and eschewed the luxury of his predecessors, has opted for a simple tomb, unadorned except for his name in Latin, Franciscus, according to his will released Monday.
In chosing to be buried in Rome’s Santa Maria Maggiore basilica, he will become the first pope in more than 100 years to be laid to rest outside the Vatican.
His death certificate released by the Vatican said Francis died of a stroke, causing a coma and “irreversible” heart failure.
He had been discharged from Rome’s Gemelli hospital on March 23 and ordered to spend at least two months resting.
But Francis, who never took a holiday and delighted in being among his flock, made numerous public appearances in recent days.
He appeared exhausted on Sunday during the Easter celebrations, but nevertheless greeted the crowds in his popemobile in St Peter’s Square.
Argentine football great Lionel Messi hailed his compatriot — himself a huge fan of the beautiful game — for “making the world a better place”.
On Monday evening, thousands of faithful, some bringing flowers or candles, flocked to St. Peter’s Square at sunset to pray for Francis.
He “tried to get people to understand it doesn’t matter your sexual orientation, your race, it doesn’t matter in the eyes of God”, Mateo Rey, 22, a Mexican student, told AFP.
“I think that’s the closest to what Jesus intended.”
Born Jorge Bergoglio, Francis was the first pope from the Americas and the first Jesuit to lead the worldwide Catholic Church.
An energetic reformer, he sought to open the Church to everyone and was hugely popular — but his views also sparked fierce internal opposition.
In 12 years as pope, Francis advocated tirelessly for the defence of migrants, the environment, and social justice without questioning the Church’s positions on abortion or priestly celibacy.
Outspoken and stubborn, Francis also sought to reform the governance of the Holy See and expand the role of women and lay people, and to clean up the Vatican’s murky finances.
Faced with revelations of widespread child sex abuse in the Church, he lifted pontifical secrecy and forced religious and lay people to report cases to their superiors.
However, victims’ groups said he did not go far enough.
AFP
