Roll Out the Drums; Lagos Business School is
Innocent Chukwuma Social Impact Chair and Youth Fellowship: Ford Foundation, Lagos Business School Establish $1million Endowment and Initiative
Africa as a Lever for global Growth; Creating Opportunities in Emerging Growth Sectors
LBS MBA Teams claims top prizes at the Global Business School Challenge
SPECIAL EDITION
www.royalelectronicsgroup.com
Content Footprints is published by the Lagos Business School Alumni Association ( LBSAA) Editor Henry Andoh Deputy Editor Uzo Ofoma Chukwuma Editorial Advisers Dr. Eugene Ohu Joan Egwuterai All correspondence goes to: handoh@lbs.edu.ng Editor's desk About Lagos Business School About Lagos business School Alumni Association From the Corporate Communications desk Faculty update Cover story: Celebrating LBS @ 30 Research News Homefront Turaká! The MBA Hangout Experience 10 Year Alumni Reunion LBSAA CEO Roundtable Learning & Unlearning: The Virtual Human Computer Interaction Lab Alumni Happenings LBS Insight Rwanda: My Dreamed Experience ( Good Governance Works!) Features Hell has no fury like a woman scorned Your Perception is your reality Alumni in the news Class notes 4 5 6 7 17 18 21 25 25 29 33 35 37 39 39 41 41 43 45 50
Levels: Pressing
In our last edi on, we centered our theme on resilience, the virtue of pressing onward despite all the challenges thrown at us. If we must fall, we must fall onward. We must pick up where we le off, and crawl, if we must, un l we achieve and surpass our goals.
In pressing on, we must learn to celebrate our wins, no ma er how small, and feed on that gra tude to con nue to the next level. The hit song “Levels” by Flavour has a line in Igbo that asks: “Do you know who you are”? While reaching for higher levels, it is important to know oneself and appreciate the wins alongtheway
Inthisissue,wecelebratewhoweare,whatwestand for, and all that we strive to become…we celebrate three decades of impact through world class management training; three decades of resilience…a journey to excellence. Lagos Business School has come a long way in thirty years, obtaining ranks with someoftheoldestschoolsintheworld.Wecelebrate our wins, our global accredita ons, our na onal impact and African iden ty We celebrate our faculty, staffandjointeffortstowardsdis nc on.
We celebrate you, our alumni, and your accomplishments and the impact you have on your society
As we strive for higher ground and a more advanced level, we remain humble and grateful to you all for your support over the years and encourage you to keepthelightburning,forgreaterdaysareyetahead.
On Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS In this issue, we celebrate LBS @ 30. 4
About Lagos Business School
Lagos Business School (LBS) is the graduate business school of Pan-Atlantic University, owned by the Pan-Atlantic University Foundation (PAUF), a non-profit foundation registered in Nigeria. LBS was founded on inspirations from the teachings of St Josemaria Escrivá, the founder of Opus Dei.
LBS offers academic programmes, executive programmes and short courses (customised to specific company needs, as well as open-enrolment courses) in management. Its offerings have been accredited globally and ranked among the best in Africa, as it systematically strives to improve the practice of managementonthecontinent.Thebusinessschool'sefforts have been recognised by several world class standard accreditations and rankings. Besides the quality bar set at world-standards, LBS programmes also stand out because of the emphasis on professional ethics and service to the community.
Education at LBS is comprehensive, drawing on the experiences of a multinational faculty and participants. Learning is participant-centred and uses the case study method. Activities hold on the school's purpose built facilities which serve more than 3,000 participants yearly from indigenous and multinational companies. These attest totheexpertteaching,therelevanceoftheprogrammesand theoverallbenefitsderivedfromattending.
LBS has a robust alumni association with more than 7,000 members. This asset base, as well as the close relationship with the corporate world, ensures that the programmes offered, as well as having international standards, also has localrelevance.
Learning at LBS is based on a Christian conception of the dignity of man, of society and economic activity The
Prelature of Opus Dei, an institution of the Catholic Church, takes responsibility for guaranteeing that this vision underlies all teaching, publishing and research activities of theSchool.
LBS is a member of the Association of African Business Schools(AABS),theGlobalBusinessSchoolNetwork(GBSN), the Principles for Responsible Management Education (PRME), AACSB International-The Association to Advance Collegiate Schools of Business and the Graduate Management Admission Council (GMAC), alongside 220 leading graduate business schools worldwide. GMAC is an organisation of leading graduate management schools in theworldandtheowneroftheGMATexam.
In recognition of the quality of Lagos Business School's programmesandofbeingstructuredinlinewithglobalbest practices,ithasreceivedseveralinternationalaccreditations. LBS is the first business school in West, East and Central Africa regions to be accredited by The Association of MBAs (AMBA). This puts LBS amongst the exclusive group of only 2% of business schools in 70 countries to achieve this accreditation The Association to Advance Collegiate SchoolsofBusiness(AACSB)hasalsoaccreditedLBS,thefirst institution to be so recognised in all of West Africa. LBS thus joined the league of less than 5% of business schools globally, to be accredited by AACSB in December 2016. This accreditation affirms Lagos Business School's undeniable commitment,overthelast29years,toworld-classstandards in teaching, learning, research, academic and professional
LBShasbeenrankedeveryyearsince2007bytheFinancialTimesofLondon,amongthetopglobalprovidersofopen enrolmentexecutiveeducationandincustomexecutiveeducationsince2015.ThelatterrankednumberoneinAfrica onthe2020FinancialTimeslist.LBS'MBAprogrammeshaveheldTierOnepositionsonCEOMagazine'sGlobalMBA rankingsforthreeconsecutiveyears.TheSchoolislistedamongthetop50globalbusinessschoolsonTheEconomist magazine's2018ExecutiveMBAranking.
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About Lagos Business School Alumni Association
The Lagos Business School Alumni Association (LBSAA) draws its charter from the vision of Lagos Business School (LBS) The Association is not a social organisation It exists to support the aims and objectivesofLBS
AIMSOFTHELBSAA
TheaimsoftheLBSAlumniAssociationarelinkedwiththose oftheSchool.Theyinclude:
1. To promote continuous education for its members andforgeastrongerrelationshipamongthem
2. TosupportLBSinitsaimsandobjectives
3. To render service to the society, especially in the areaofpublicandprivatemanagement
4. Toadoptsuchotherobjectivesasmaygenerallybe in the interest of the Association and/or Lagos BusinessSchool
Members actively receive continuous education through alumni sessions held all year long. There is also the annual alumni conference held in November which features very high-profile speakers. Active participation in the sessions affordsalumnitheopportunitytoeffectivelyandcontinually update their knowledge of general management and businesssubjects.
In addition, there are a variety of discounts from corporate bodies ranging from international airlines and major hotels within and outside the country to internet service providers, bookshops, laundry services, etc. available to financial members of the LBSAA. They also benefit from discounts on all LBS executive programmes and seminars throughout the year.
TheLBSalumninetworkisoneofthemostinfluentialamong business schools in Africa. Active participation in alumni programmes and constant visits to the alumni networking platform, www.lbsalumniconnect.com helps members stay connected with former course mates, faculty and other alumni Alumni also benefit from access to research materialsavailableintheLBSlibrary.
MEMBERSHIP
Currently, the LBSAA has a membership of over 6,700. The Association comprises chief executives, owner managers, executive directors, senior and middle level managers who have successfully completed the School's varying executive programmes, namely: the Chief Executive Programme(CEP),theOwnerManagerProgramme (OMP), the Advanced Management Programme (AMP), the Senior Management Programme (SMP), the Management Acceleration Programme (MAP), the Agri Business Management Programme (AgMP)andthevariousMBAprogrammes.
Italsoincludesfull-timefacultyoftheSchool.
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Lagos Business School MBA Programme
Maintains Tier-One Ranking in the 2021 CEO Magazine Global Ranking
For the fourth year in a row, Lagos Business School's Full Time and Executive MBA programmes were accorded Tier One Status in the 2021 Global Executive MBA Rankings. With this recent rating, LBS has sustained its place among top Business Schools, globally.
TheCEOMagazineranksbusinessschoolsaroundtheworld, using criteria such as quality of faculty, accreditation, faculty to student ratio, international diversity and exposure, professional development, and gender parity, amongothers.
The Magazine has been profiling MBA, Executive MBA and Online MBA programmes in top business schools across the globe since 2012. For the 2021 ranking, the magazine utilized data from 180 schools, offering 338 different programmes in 27 countries (89 online, 90 EMBA and 159 full-timeandpart-timeMBAprogrammes).
LBS soars among top Business Schools including ESADE
The Lagos Business School MBA, which welcomes students from all over the globe, provides participants with the necessary skills to compete in Africa's business terrain and globally. The programme delivery creates an environment whereparticipantscanlearnhowtohandlecomplexreal-life problems by probing, discussing, and working together as a team towards achieving deeper insights. At the Lagos Business School, students learn how to exercise acumen, make better decisions and take responsibility. Furthermore, the programme empowers participants with the skills and knowledgetobecomeexemplaryleaders.
LagosBusinessSchoolhasproducedalumniwhoareblazing thetrailindifferentfieldsandindustries.Theschool'salumni include Babajide Sanwo Olu (Governor, Lagos State, Nigeria); Ibukun Awosika (Entrepreneur and Former Chairman of First Bank, Nigeria); John Momoh (Chairman andCEOChannelsTelevision)andmanyothers. Speaking on the ranking, MBA Director, Dr Henrietta Onwuegbuzie said, “The top criteria for the2021CEOMagazinerankingwasthe Quality of Faculty and International Diversity. At Lagos Business School, we have well rounded faculty members withrichindustryexperienceandstrong academic background who are dedicated to leaving each participant with a life-changing experience. Any individual enrolling in the Lagos Business School MBA is getting a full transformationalencounter.”
Business School, Spain; EU Business School, Germany; University of Ottawa; Lancaster University Management School, UK, among others. Only three schools from Africa made the Tier-One Ranking list — Lagos Business School, Nigeria, The American University in Cairo, Egypt and University of Pretoria Gordon Institute of Business Science, SouthAfrica.
The Dean of Lagos Business School, Professor Chris Ogbechie, while sharing the importance of the Global CEO ranking to the school's mission expressed, “This ranking attest to the global standard approach of our MBA programmes Furthermore, our MBA programmes are tailored to meet the needs of the African market and this is wherewealsoexcelaboveotherbusinessschools.”
LBS has also featured on the Financial Times Executive Education ranking for 13 years and is rated Africa's leading Full-timeMBA,rankedTop100Globally.
From The Corporate Communications Desk Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 7
LagosBusinessSchool(LBS)hasbeenrankedasone of the top global business schools by the Financial Times in its Executive Education 2022 ranking. This is the 15th consecutive year that LBS features on this exclusiverankingtable.
LBS, “Africa's finest”, ranked 41 in Executive Education resulting from a 50th and 51st position in the Open EnrolmentandCustomsprogrammesranksrespectively.
Professor Chris Ogbechie, Dean of LBS, commented on the achievement, saying, “This accomplishment is proof that LBS is Africa's leading business school, providing high-quality business education amongst the world's best. It is a testament to the quality of our faculty, programmes, teaching methods and overall participant experience. Resulting from the activities of our faculty who are industry experts, we have become thought leaders in business, championing the drive for managementexcellence”.
Also commenting, the President of Lagos Business School Alumni Association and CEO of Businessday Media Ltd, Mr Frank Aigbogun stated that “Lagos Business School has since its inception provided the highest quality of management education to participants. Being ranked 41 in the world and number one in Africa is a great achievement that the LBS Alumni Association is proud of. Congratulations to the Dean, staffandentireLBScommunity”.
Financial Times is the world's leading business publication, and it publishes an annual list of the best providers of executive education in the world based on programme and teaching quality, faculty excellence and diversity, international reach and other factors. LBS is the only African business school to make it into the top 50 this year, the school improved its position in open enrolmentby19places.
This collaboration was established to jointly develop projects designed to promote and facilitate the exchange of ideas and research The 5 year partnership will focus on the areas of research and advocacy as well as capacitydevelopment programmes with the aim of sharpeningskills,providingexceptionallearningexperiences, andtransformingbusinesseducationinNigeria.
Our partnership with Access Corporation is another important milestone towards achieving our goal of developing responsible leaders and business professionals for Africa and the world. The MoU was signed by Professor Chris Ogbechie, Dean, LBS and Herbert Wigwe, Group Chief ExecutiveOfficer,AccessCorporation.
Africa's Finest, Lagos Business School, Ranks Among The Top 50 Global Business Schools in Financial Times of London 2022 Executive Education Ranking
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Lagos Business School (LBS) signed a Memorandum of Understanding (MoU) with Access Corporation on August 1, 2022
LBS MBA Teams claims top prizes at the Global Business School Challenge
Two teams from the Lagos Business School MBA programme emergedwinnersattheGlobalBusiness School Network (GBSN) Africa Business Concept Challenge. The LBS teams: Aquatrac and ThinkShift won the firstandsecondpositions,respectively.
The Challenge featured 245 students in 56 teams from 15 countries, with the leading teams emerging from Nigeria, Ghana,Botswana,andNamibia.
The Global Business School Network, founded in 2003 as a programmeoftheInternationalFinanceCorporationtackles wastage of funds, resources, and human potentials as a resultofpoormanagement.
Supported by Stanford Seed and AACSB International, the GBSN Africa Business Challenge aims at assisting young Africans who possess an entrepreneurial orientation, as well asadeeppassiontoservetheircommunities.Italsofocuses on responsible capitalism and identifies potential business leadersformentorshipandinvestmentopportunities.
Summingupthefactorsthatledtotheirsuccess,thewinners underscored LBS's impact, among others. “One of the main factors that helped us was our early preparation; one of our team members had some experience in insect feed production, which enabled us to start quickly” the Aquatrac Teamsaid.Theteamprojectwas:Affordablesustainablefish feedproduction.
The team identified the problem of the rising cost of fish feed, which has impacted the cost of fish. The team's solutiontherebyhelpsfarmerstoslashtheirproductioncost by 48% while increasing their productivity and profit at the sametime.
“The Faculty at Lagos Business School prepared us extensively for the competition. From assisting us with mentorsthatareinthespecificindustryweareplayingin,to stayinguplateafewtimestocleanupourpresentation,they assisted us significantly” the Aquatrac Team, comprising Peter Igberaese (EMBA 26), Temitope Osunrinde (EMBA 26), Olalekan Oginni (EMBA 25), Lateef Oseni (EMBA 25); and Mentor, Owuno Ogbeh (OMP 27, Founder/CEO, Farmore), remarked.
As for the Thinkshift Team, their project presentation anchored on The Modular Housing Concept (Container Housing).Amemberoftheteamwasbuildingahomeoutof a shipping container; thus, the team would be harnessing thisconceptbeyondthecompetition.
The Thinkshift Team comprising Ayotunde Alimi (MMBA 2), Elizbeth Ayo-Vaughn (MMBA 1), Abel Adejoh (MMBA 2), AbiolaAkinwole(MMBA1);andMentor,HakeemOgunniran (Founder/CEO, Eximia Realty Company Ltd.), also reckoned that the LBS programme provided them relevant knowledge-to-business solution concept and analysis of businessopportunities.
One of the main factors that helped us was our early preparation; one of our team members had some experience in insect feed production, whichenabledustostartquickly -the Aquatrac Team said. The team project was: Affordable sustainable fish feed production.
LBS'scontinuoustriumphatglobalcompetitions,amidsttop business schools, gives credence to its capacity as a foremost business school, nurturing future entrepreneurs and African Leaders. Rated Africa's leading Full-time MBA andrankedTop100Globally,LBSdeploysleadingandhighly supportive faculty as it welcomes students from different partsoftheglobe.
The Aquatrac team received the first prize of $5,000, plus a one-on-one mentoring session with a notable industry leader, while the ThinkShift team will get a one hour specialized mentoring session with professional African InnovationHubLeadersbyAfriLabs.
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BusinessDay partners LBS for digital content delivery
BusinessDay Media Limited has entered into a partnership with the Lagos Business School (LBS) to provide digital news content on daily happenings in the business and financial space. This is expectedtohelpbusinessexecutivescumstudentsmake informeddecisions.
According to Adaobi Agbaza, head of subscription, BusinessDay, the media organisation is pleased to collaborate with LBS to support the school's business executives by providing a daily update on the policies, trends,opportunities,shifts,andrisksinthebusinessand financespaceviathemediaonlinesubscriptionservice.
“We are delighted to partner with the LBS, which is Africa's finest business school to support the institution inprovidingaddedvaluetotheirstudents.
“As businesses seek innovative ways to add value and meet the needs of their clients to stay competitive, generate revenue, and ensure growth, and as Nigeria seeks to recover from the various disruptions and uncertainties, we are partnering with LBS for profitable valuedelivery.”
Chinedum Ewuzie, the director of MBA at LBS, said: “We believethatbyprovidingthisservice,youngandaspiring business executives of the institute will be able to obtain the information they need to make up-to-date decisions in their respective organisations, thereby supporting theirgrowth.”
Ewuzie explained that while BusinessDay will provide the daily business news content on subscription, LBS will make it available to the students and this will profit both parties.
“On our part, LBS will provide the students who need the business news contents, while BusinessDay provides the
platform. LBS will have added intellectual value to its students, BusinessDay will have more subscribers. So it is awin-winaffair.”
“The partnership will serve as an avenue through which LBS will provide added support to its students outside of itsclassrooms,”hestated.
He said the partnership is focused on promoting the online subscription as the business news for the young andupwardbusinessexecutives.
“Through the online subscription service, the students will be informed about the real-life issues and how it affectstheirindividualorganisations.Theycannowapply the strategies learned online in order to enable their organisationsstayrelevant,”hesaid.
Agbaza further disclosed that the role of BusinessDay in the partnership is to provide digital contents that the business executives can leverage on a daily basis and buildabrandnichetheywillbeproudof.
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The partnership will serve as an avenue through which LBS will provide added support to its students outside of its classrooms,...
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Lagos Business School, Ford Foundation Inaugurate Innocent Chukwuma Social Impact Chair and Fellowship
Lagos Business School (LBS) and Ford Foundation inaugurated the Innocent Chukwuma Social Impact Chair and Fellowship (ICSICF), introducing the first youth fellows cohort and unveiling the book cover of the upcoming biography of Innocent Chukwuma. Inaugurated on Friday, May 13, 2022, this initiative, which is in memory of the late Innocent Chukwuma, is being delivered by the LBS Sustainability CentreandfundedbytheFordFoundation.
Innocent Chukwuma was a civil society leader and the immediatepastRegionalDirectoroftheFordFoundation Office for West Africa, where he led the Foundation's social justice work in the region for eight years
Throughout his career, ‘Innocent was always finding solutionstolife’swickedproblems’,includinghisworkto establishalawenforcementsystemthatdignifiedpeople and included them in the policing of their communities, with a strong emphasis on criminal justice reforms. In addition to his human rights work, Innocent Chukwuma
was committed to strengthening civil society, a part of which was focused on leadership transition and succession planning. Towards the end of his term at the Ford Foundation, Innocent devoted his time to building thefieldofimpactinvestinginNigeria.
Deliveringanemotionalmessageaboutherhusband,the Late Chukwuma's wife, Josephine Effah-Chukwuma, a Gender & Development Specialist and Women's Rights Advocate, stated that “Innocent died three days before he was to leave for the UK to go and stay for three [to] four months to work on his autobiography He had already commenced work; he had done his outline, he had given it a working title, but life comes.” Innocent was always finding solutions to life's wicked problems, she said. Thanking the Ford Foundation and Lagos Business School, she encouraged the fellows to be resolute in ensuring that they too achieve their goals, and to produce many more “Innocent Chukwumas.” According to her, Innocent was a restless man who was perpetually
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brimmingwithideasthatimpactedsocietypositivelyand eagertofollowthroughtoseethemaccomplished
Theinitiativeisfundedbya$1milliongrantadministered in an endowment for perpetual funding of the Chair and Fellowship activities Mr Innocent Chukwuma was particularly passionate about the need to support the next generation of leaders, especially in Nigeria. The ICSICF is therefore designed to facilitate the emergence and development of the next generation of visionary, dedicated, and result-driven social impact and justice leaders in Nigeria. These young leaders will, in the long run, catalyse systems and sectoral transitions in Nigeria through their social change initiatives in communities and locations of impact, social enterprises, non-profit organisations,research,andinfluenceonpolicy.
In his remarks, Prof. Chris Ogbechie, Dean of Lagos Business School, stated that “LBS is committed to delivering an all-rounded programme. The collaboration is in strategic alignment with LBS's mission to develop responsible leaders for Africa.” Innocent stood for humility, wisdom, vision, service; we are celebrating somebody who believed in all these and who believed in a better Nigeria” Speaking at the inauguration event, Dr ChiChi AniagoluOkoye, Regional Director of Ford Foundation Office for
West Africa, said that “the impact of Innocent Chukwuma at the Ford Foundation is enormous and, just like Innocent, we believe that empowering the youth is an investment worth undertaking for the future of society” She continued, “Innocent taught us that by working together, we can achieve a lot. The Foundation regards it as a privilege to celebrate Innocent's life.”
The ICSICF is also leading the publication of the biography of Innocent Chukwuma titled “Possibilities Unlimited” The book's cover was unveiled at the inauguration, and an excerpt of the biography was read bytheauthor,ProfessorNdukaOtiono.Tenyouthfellows in the first cohort were also introduced and will benefit from bespoke training, mentorship and sub-grants over the next six months. The fellows are young people who are passionate about social impact. The youth fellows represent a diversity of impact areas from both for-profit and non-profit sectors and geographical spread. Their areas of focus include: justice, STEM education, technology, rural education, research, entrepreneurial skillsdevelopment,andrecycling.
The Entrepreneurship Innovation Centre (EIC), is a collaborativeinitiativeoftheBankofIndustryand Lagos Business School (LBS), established to provide extensive training and support to transform emerging entrepreneurs into successful and sustainable impact-driven business leaders, who will create jobs and transformsociety.
The development programme of the Centre has been designed to provide high-quality entrepreneurship and business management training delivered by the awardwinning Lagos Business School faculty, in addition, capacity building opportunities, that will enable participants to improve their skill levels and attain globally acceptable standards of quality and delivery. Apprenticeship and business incubation opportunities will also be provided to ensure that participants get the mentoring support they need to overcome any challenges as they grow The apprenticeship opportunities would allow them shadow the operations of successful entrepreneurs, and consequently
Dr Henrietta Onwuegbuzie Director, Entrepreneurship Innova on Centre (EIC
strengthen their management skills. At the final stage of the programme, access to funding opportunities and wider markets will be provided. LBS will also be working with Universities in the six geopolitical zones of the country,todeliverthistraining.
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Lagos Business School partners with the Bank of Industry to establish the Entrepreneurship Innovation Centre for entrepreneurship training across Nigeria.
Speaking at the inauguration of the Governing Council, The Director of the Centre, Dr Henrietta Onwuegbuzie, stated, “A lot has been said about the power of entrepreneurship and its ability to bring about transformational change in the Nigerian economy. With the Entrepreneurship Innovation Centre, LBS will play a key part in creating an enabling environment for entrepreneurship and SMEs to thrive. The growth and stability of the SMEs will create more jobs and skill acquisition opportunities for Nigeria's teeming youth population. Our ultimate goal is to create solutions and jobs that transform society. This will ultimately create wealth and contribute to national development and growth.”
A governing council was inaugurated to oversee the operations of the Centre and include the following: Ms Evelyn Oputu (Board Chair), Dr Ezekiel Oseni (Deputy Board Chair, Mr Obaro Osah (Secretary), Mrs Ireti Daramola (Member), Alhaji Abdul Ganiyu-Mohammed (Member), Mr Charles Ivenso (Member), ad Dr Henrietta Onwuegbuzie(Member).
According to the Managing Director of the Bank of Industry, Mr Olukayode Pitan, “Nigerians have an entrepreneurial spirit and creative imagination that must be harnessed for the growth of the economy The entrepreneurialecosystemweseektocreatethroughthis Centre, will become one of the key drivers of economic growth. We must continuously equip our entrepreneurs with necessary skills, knowledge, and platforms for them to thrive in their various endeavours.” Dr Ezekiel Oseni, the Chief Risk officer of the Bank of Industry, added that “building successful and sustainable businesses for the nation's socio-economic growth and development has beenBOI'smandatesinceitsinception”.
This training opportunity which will be available across the six geo-political regions of the country is targeted at start-ups, especially youth and women-led businesses, prospective BOI customers and other development institutions.
Lagos Business School joins the Fairwork Network
LagosBusinessSchool(LBS)hasjoinedtheFairwork network, the global foundation dedicated to promoting equity and fairness in the emerging platformeconomy,alsoknownasthegigeconomy.Prof. Olayinka David West, Kemi Ogunyemi and other members of the LBS community will implement the Fairworkprojectoverthenexttwoyears.
The gig economy is having a significant impact on the way Nigerians live and work – ride-hailing and package
delivery platforms have eased logistics both for people moving around and for transporting goods, food and other items to various locations. The delivery services include business to business (B2B), business to consumer (B2C) and consumer-to-consumer (C2C). By reducingthenumberofvehiclesontheroad,ride-hailing isalsohelpingtoreducetheoverallcarbonfootprintand thusenhanceenvironmentalsustainability.
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According to Nigeria's National Bureau of Statistics (NBS), a person is deemed unemployed if they work less than 40 hours per week. With Q4 2020 unemployment rate of 33%, and 42% amongst young people of 15 – 34 years,thepaceatwhichgigworkopportunitiesarebeing adopted is not surprising. The Fairwork approach will awaken gig economy employers to their responsibilities to treat all their workers with justice and fairness and ensure that they provide fair working conditions The pandemic heightened the adoption of this work mode, given that it transcended location-based “gig work”, and the delivery economy gained importance during the
m o v e m e n t restrictionsamidthe “lockdown”. Yet, the Nigerian job market is still very much an employer's market for gig workers, especially as they are not employees, but independent contractors, and therefore excluded fromtheprotections of the country's labour laws. The Fairwork approach will awaken gig economy employers
t o t h e i r responsibilities to treat all their workers with justice and fairness and ensure that they provide fair working conditions. The objectives of the project are to raise awareness of ethical concerns about gig workers' situation, to engage stakeholders and foster dialogue among them, and to encourage gig employers to improve the treatment of their workers and consider taking the Fairwork pledge. We expect that, in the long run,theinsightsfromtheprojectreportwillcontributeto support policy making regarding gig work and the extensionoflabourlawstocovergigworkersinNigeria.
Lagos Business School, Semicolon Africa and Henley Business School partner to drive British Council funded 'Nexus Project’
InlinewiththecommitmentofLagosBusinessSchool (LBS) to develop responsible entrepreneurs and promote business sustainability, the institution has partnered with Semicolon Africa and Henley Business School on the Nexus Project, funded by the British Council.
The objective of the project is to unlock the potential of Africanyouthsandtransformjobseekersintosustainable job creators to help in bridging the unemployment gap andreducethefailurerateofstartups.
In her remarks, the Associate Dean, Lagos Business School,Prof.YinkaDavid-West,said“AstheNigerianand
African economies digitise, we are excited to be a part of this network creating and building a new crop of digital entrepreneurs that will focus on Africa's social and institutional problems. With the Nexus Project, it is our vision that Africa's crop of tech venture builders will be better positioned to gain the best form of support, coaching and mentoring to become entrepreneurs worthyofemulationfromotherAfricansacrosssectors.”.
In the first phase of the project, a total of 30 African techpreneursrepresenting15projects/businessventures with great entrepreneurial ideas will be trained, mentored, and supported to transform their ideas into investableandsustainableventures.
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The beneficiaries who are selected for the training will undergo a 6-month (April to August 2022) management programmewhichdeliversspecialistknowledgetransfer, education, coaching, and mentoring to propel their venture ideas to investment readiness and connect them toanexusofinvestors.
Speaking at the formal launch of the project which was heldvirtuallyonMarch30,2022,theProjectDirectorand LBS Faculty, Dr Adun Okupe said; “The Nexus project provides the opportunity for management education to address the emerging need for entrepreneurship development in Africa and a chance to improve the successratesofstartupsinAfrica.”
Jean-Pierre Choulet, Vice-Dean Africa, Henley Business Schoolstatedthat;“Thereisacriticalneedtoprovidethe required platform for African youths to jumpstart their entrepreneurial journey while providing them with adequate support to scale their businesses. Through this partnership, we believe that the beneficiaries will have requisite coaching, mentoring support as well as access
torelevantinformationtoenablethemtomakeinformed decisions while connecting them to a pool of investors whocanpropeltheirideastothenextlevel.”
SpeakingonSemicolon'sparticipationontheproject,the CEO of Semicolon Africa, Mr Sam Immanuel stated that; “We are pleased to collaborate with the Lagos Business School(LBS)andHenleyBusinessSchoolonthisinitiative that sets to increase the success stories of African youths who are boisterous, creative, and desirous of building sustainablebusinessestolastalifetime.”
Meanwhile, five MBA Alumni of Lagos Business School have been on boarded onto the coaching and mentorship programme to provide technical skills support to the participants The mentors are CEO,Sustmark Consult, Oluwafemi Adeniba; Founder, TrussEmpowermentFoundation,AzukaegoChukwuelue; CEO, BPI Advisory, Deji Agboade; Founder, Brickstone Africa, Femi Awofala and CEOr, Julie Harrison Pharmacy Ltd,AdaOkorie.
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19th LBS MBA Virtual Career Fair
Students of the Full-Time MBA 19 and 20 cohorts of Lagos Business School (LBS) interacted with esteemed companies at the 19th annual MBA Career Fair,whichheldvirtuallyonThursday,18November,2021.
Themed 'Reinvention for a Post Pandemic Future', the Career Fair provided a recruitment/interaction platform for theMBAstudentsandtopcompaniesacrossindustries.
LBS' dean, Professor Chris Ogbechie, opened the event by welcoming participants to the LBS MBA Virtual Career Fair. “TheannualCareerFairisarecruitmenteventthathasgrown in scope and relevance year after year” stated the dean, “It continues to facilitate interactions between companies and thestudentswhohavebeennurturedovertheyears”.
Professor Ogbechie also reiterated the School's commitment to developing responsible leaders who were wellequippedtosolvebusinessproblems.
Dr Henrietta Onwuegbuzie, the director of MBA programmes,expressedherappreciationtoalltherecruiters who had partnered with LBS over the years. She also welcomed new recruiters who collaborated with the School forthefirsttime.
Mr Jordi Borrut, the managing director of HEINEKEN South Africa, was the keynote speaker at the event. He addressed the theme using his previous organisation, Nigerian Breweries, as a case study. Mr Borrut encouraged business managers to embrace competition because it would bring out the best in them and their organisations. “Competitions make you better”, he affirmed, “The more they come, the betterbecausetheygiveroomforcreativity”.
Mr Borrut ended his keynote with the wise words: “You are whoyouare.Bringyourselftowork”.
At the Career Fair, the final-year MBA students presented their industry reports to the recruiters after thorough research and preparations. The session was moderated by Chinwe Ajene-Sagna, the managing partner of Catalyst RealtySolutions,andanalysedbyChinenyeAgwu,theglobal seniorbusinessdevelopmentmanagerofFlutterwave.
The industry reports focused on five key areas: an overview of the global economy and analyses of the oil and gas, information&communicationtechnology(ICT),fastmoving consumergoods(FMCG),andbankingindustries.
The 29 companies that participated in the Career Fair included AFEX, Amazon Energy, AOS Orwell, Axxela Group, BASF, BusinessDay, Dow, FBN Holdings, Flutterwave, FoodCo Nigeria Limited, Godrej, IHS Towers, Interswitch, Lafarge, the International Finance Corporation, Mandilas, McKinsey & Company, MTN, Nigerian Bottling Company, NigerianBreweriesPlc,OVHEnergy,PwC,RegencyOverseas Company Ltd, RxAll, Sahara Group, Saro Africa, Signal Alliance,ViathanEngineeringLimited,andZedcrestGroup.
Interactions between the students and recruiters took place ontheHigheredvirtualboothplatforms.
The LBS Career Fair is organised by the Lagos Business SchoolMBACareersandPlacementOffice.
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Managing director, HEINEKEN South Africa Keynote Speaker at the 19th LBS MBA Virtual Career Fair
Mr Jordi Borrut
Henry Onukwuba
appointed as Chairman, Education Committee of the Chartered Institute of Personnel Management of Nigeria (CIPM)
Henry Onukwuba, who is currently the facilitator for the Global CEO programme at Lagos Business School, has been appointed as the Chairman of the Education Committee at CIPM. Onukwuba teaches Human Resource Management, Organisational Behaviour and Management Communication on the regular and executive MBA classes, Owner Manager Programmes, custom programmes and other executive programmes at Lagos BusinessSchool.
He has held various senior administrative positions at the School as Director of Executive Education, MBA Director and Director of Alumni Relations, prior to joining the full-time facultyteam.
Prior to joining Lagos Business School in 2008, Henry was Managing Director of Hebon Consult, a human resource consulting firm, and taught People Management at the Enterprise Development Center (EDC) of the Pan-Atlantic University.
He was Group Head, Corporate Resources and Communication at Finacorp Building Society Limited, in charge of the human resource, administration and public relationsfunctionsofthemortgagebankfrom2000–2006.
While at Finacorp, Henry was seconded as Chief Executive Officer of Consolidated Business Support Services Limited, CBSSL, the human resource management subsidiary of the then Bank PHB. He was also the National Publicity Secretary of the Mortgage Banking Association of Nigeria (MBAN) from2004–2006.
Onukwuba won the Best Graduating Student Prize in Political Science at the University of Jos, Nigeria. He holds an Executive MBA from Lagos Business School and an Advanced Management Programme (AMP) certificate from IESE Business School, Barcelona.HealsoholdsanMScinPersonnelManagementandIndustrialRelationsandaPGDinMassCommunicationboth from the University of Lagos. He is a Member of the Chartered Institute of Personnel Management of Nigeria and a Certified BehaviouralConsultant.
Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 17 Faculty Update
STORY:
Roll Out the Drums; Lagos Business School is
Segun Jones and Chiamaka Okafor
The illustrious citadel of learning — Lagos Business School (LBS) — established in 1991 marks its 30th anniversary this year, and with a plethora of accomplishments to its credit, the graduate business school of the Pan-Atlantic University has so much to be thankful for. Unlike the proverbial lizard that sheepishly nods at its treejumping accomplishments in forlorn, the entire LBS community will rather exuberate in the euphoria of the laudable feats we have accomplished over the years, the reason is not far fetched: The school that began as a relatively small institution Centre for Professional Communications — has morphed to become a business schoolofrepute;developingresponsibleleadersandsolving Africa's business problems. In just three decades the sui generis institution has etched herself amongst the pantheon of leading management schools in the world, churning out finely bred professionals setting out to impact their world. Also, it is no longer news that Lagos Business School was elected 41st globally in the Executive Education Ranking by FinancialTimesofLondon2022,andthe1stinAfrica.Owned by the Pan-Atlantic University Foundation (PAUF) — a nonprofit foundation registered in Nigeria — LBS was founded ontheinspirationfromtheteachingsofStJoseMariaEscrivá, the founder of Opus Dei, thus lending credence to the school's culture and values of integrity, professionalism, the spirit of service, mutual respect, and community. Little wondertheschoolin2013,LBSwasrankedthesixthgreatest placetoworkinNigeria.
Since its establishment, LBS has attained a towering level of professional pedigree, academic excellence, and an enviable track record of accomplishments all thanks to its efficacious operations. Lagos Business School is arguably by far, Africa's finest. In 2022, Lagos Business School became the first tertiary academic institution in Nigeria to receive the ISO 9001:2015certificationsignifyingthequalityandstandardof her services and products. The school is also a member of notable continental and global bodies: the Association of African Business Schools (AABS); the Global Business School Network(GBSN);thePrinciplesforResponsibleManagement Education(PRME)andtheAssociationtoAdvanceCollegiate Schools of Business (AACSB). Also, several corporations and organizations have praised our MBA academic programmes, executive programmes, and short focused programmes, citing the keen relevance of our modules to the African businesslandscape.
In our short stint of existence, Lagos Business School has provided a world of opportunities for both its alumni and employees. Glory Eyinnaya, founder of Kleos Africa, and an alumnaofLagosBusinessSchoolsaidshereceivedoneofthe highest honors a business student can receive which was to beelectedasamemberoftheBetaGammaSigma,aposition shemayneverhavegottenifnotforherexperienceatLBS.Mr Osita EgwuDobi, the current manager of Strategy and ProgressatLBS,recounts“LBSisanoasisofsanityandoneof its kind.” He further explains that LBS is an institution that provides adequate facilities for both its workers and its
COVER
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students;aconduciveenvironmentforlearningandworking; and a great culture of community. To Osita, these are the qualities that have kept LBS atop the management school industryinAfrica.
Moreover, in 30 years LBS has served as the melting pot of life-long relationships; friendships, business partnerships, and 'Yes I Do ships' amongst both employees and its alumni. Our history book is peppered with a spate of participants who found love within the four walls of the school. An example is Mrs. Yemi Diya Salawu, Associate Director of HIS Nigeria Limited, who met her husband at LBS during her MBA programme; Mr Chidozie Nnewuihe, Assistant President of ChapelHill Denham, who also met his lovely wife Mrs Chidinma Akaniro, Commercial Specialist, US Social Services at Lagos Business School, the list is endless. TheLBSemployeeswerenotleftoutaswell.Forseveralother alumni, business partnerships have been forged, an example is a trio: Mayowa Adeosun, COO & Founder of Sycamore, OnyinyeOkonji,CMO&Co-founderofSycamore,Babatunde AkinMoses,CEO&CofounderofSycamore,whoallmeteach other at LBS, hence the birth of Sycamore NG; a financial institution.
For 30 years Lagos Business School has served as a compass to navigate her participants and 7000+ alumnus through the complexities of the business world, arming them with the tenacity, mental fortitude, and resources to tackle business problems. An alumnus — Enobong Emma Tomm Founder & CEO of OneandKo — explained that the knowledge and education she got from LBS fanned to flames her dream of startingherowncompany.Inherwords:
Mrs Catherine Ogbemudia, the current Head of Cafeteria at Lagos Business School, describes how the school's core values had also influenced her line of work.
In the words of Mayowa Adeosun:
LBS gave us the foundation and the rigorous environment to grill ideas, conceptualize, and to bring it to reality. Even when it comes to building a culture or building a team, we still rely on LBS' culture as a template in our own organization today'.
When asked what she loves most about LBS, she cites the ideology of the dignity for humans that Lagos Business School has been an avowed proponent of.
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Also,atthecoreofLBS'successstoryin30yearsistheschool'sspiritualimpactonthecommunity.Beingacatholic-runschool, that upholds the values of Opus Dei, the institution has imbibed in its members, employees, and alumni, the values of excellence,sobriety,andservicetohumanity.Thisvaluehassetamoralstandardthathasaidedthecreationofmorallyupright businesses.MrBabatundeAkinMosesdescribeshisexperiencethus:
Furthermore, Mrs Catherine Ogbemudia, the current Head of Cafeteria at Lagos Business School, describes how the school's core values had also influenced her line of work. When asked what she loves most about LBS, she cites the ideology of the dignity for humans that Lagos Business School has been an avowed proponent of. She goes further to relate it to her line of work.Mosttimestheoutsideworldlooksatkitchenstaffcondescendingly,however,CatherineexplainsthatinLBStherespect andadulationpouredonherteamdebunksthepopularnarrative.
From a minuscule community to a large and flourishing one, It is safe to say that Lagos Business School has maintained an excellent trajectory of growth and success over the years. While we celebrate our wins, we acknowledge the far-reaching heightthatliesahead,andliketheproverbialPhoenix,wearereadytotakeflightintothefuture.Butfirstlets'liftourglassesfor atoast…LagosBusinessSchoolis30!
I feel like having an MBA gave me the courage and confidence to know that I will not fail, because it's easier when you're jobless and you want to start a business, however, it is very difficult when you have a good job; when you're earning good money and paid very well, to say you know what, keep your money, I want to go out and start my own thing. I knew I would do well. I think i could take this decision because of the knowledge and education i got from LBS, I just knew that there was no business problem that I could not tackle, and even if I could not, I had a wide range of resources from my class and classes before me.
Lagos Business School just lets you know that you do not have to compromise on moral or ethical standards to do business properly. it is something that was emphasized repeatedly. While several people will say success in business is farfetched without cutting corners, however, LBS teaches, with practical examples — bringing some of those people who have done it — that it does not have to be mutually exclusive. You can be good as a person in terms of values, and you can be a good businessperson too. This is a real lesson that keeps ringing in my mind!
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Subject S/No Title
Marketing and Sales
1 The COVID 19 pandemic and implications for businesses: innovative retail marketing viewpoint
Outlet Faculty
The Retail and Marketing Review
Opute, AP; Iwu, GG; Adeola, Ogechi; Mugobo, VV; Okeke Uzodike, OE; Fagbola, O; Jaiyeoba, O.
2 How firms strategically navigate informal and formal copyright practice: practices: insights from Nollywood
3 Consumer values, Online Purchase Behaviour and the Fashion Industry An Emerging Market Context
4 Retailer Seller Embeddedness and Price Setting in the Informal Economy
5 MSMEs sustainable prediction model: A three sector comparative study
6 CSR and green process innovation as antecedents of micro, small, and medium enterprise performance: Moderating role of perceived environmental volatility
International Journal of Organisational Analysis
Uchenna, Uzo; Johnna, Mair; and Adedeji, Adewusi
PSU Research Review Ogechi, Adeola; Adenike, Moradeyo; Obinna, Muogboh; and Isaiah Adisa
Qualitative Market Research
Journal of the Internal Council for Small Business
Uchenna Uzo
Prince, Gyimah & Ogechi, Adeola
Journal of Business Research Awele, Achi; Ogechi, Adeola & Francis, Chukwuedo Achi.
Virtual Reality
Information
1
Congruity of Virtual Reality In Game Advertising (IGA)
Frontiers in Sports and Active Living
Information Technology & People
2
Economics
Joshua M. Lupinek; Jinhee, Yoo,Eugene A. Ohu; Eric, Brownlee.
Ofori, Kwame; Anyigba, Hod; Adeola, Ogechi; Junwu, Chai; Osakwe, Chris; David-West, Olayinka
Information System Frontiers David West, Olayinka; Oni, Oluwasola & Ashina, Folajimi.
International Journal of Energy Economics and Policy
Operations
1
2
International Journal of Management Studies and Social Science Research
Obiamaka, Adaeze Nwobu; Collins, Ngwakwe; Akintola, Owolabi; Kingsley Adeyemo.
Frank Ojadi
International Journal of Services and Adenike Aderonke Moradeyo; Adegoke
Systems 1 Understanding post adoption behaviour in the context of ride hailing apps: The role of customer perceived value
Diffusion of Innovations: Mobile Money Utility and Financial Inclusion in Nigeria Insights from Agents and Unbanked Poor End Users
1 An Assessment of Sustainability Disclosures in Oil and Gas Listed Companies in Nigeria
Management
Barriers to the development of Freight Forwarding in Nigeria
Linking Supply Chain Disruptions and Manufacturing Firms’ Operational
Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 21 LBS Publication: May 2021 – October 2021. Research News
Entrepreneurship
Performance in a Developing Country Context
1 Traditional Savings Association for Entrepreneurial Success in Africa: A Case Study of Rotative Stokvel Enterprise
Operations Management
Academy of Entrepreneurship Journal
Oke; Obinna S. Muogboh
Ishmael Iwara, Ogechi Adeola, Vhonani Netshandama
Book Chapters
Editors, Title and Publisher Information Systems
Subject S/No Title
1 Platform Business Models: E logistics Platforms in Sub Saharan Africa Olayinka David West
Marketing & Sales
1
Promoting Inclusive Education in Nigeria: Diary of a Special Needs Mum Initiative Ogechi Adeola, Vanessa Burgaland Oserere Ibelegbu
In Richard Boateng et al. (Eds): Advances in Theory and Practice of Emerging Markets, Digital Innovations, Business and Society in Africa, Springer Link
In M. Mercedes Galan Ladero, Reynaldo G. Rivera (Eds ). Applied Social Marketing and Quality of Life: Case Studies from an International Perspective, SpringerLink
Operations Management
1 Digital Supply Chain and Logistics in Africa Marvel Ogah & Raymond Onuoha
In Ogechi Adeola, Jude N. Edeh, Robert E. Hinson, Fulufhelo Netswera (Eds.)
Digital Service Delivery in Africa: Platforms and Practices, Palgrave Macmillan.
Cases
Title Abstract Author Marketing Fun Cookies: Competitive pricing and product strategy
Fastizers Food and Confectionery Limited, the producer of Fun Cookies, experienced an increasingly challenging business terrain in mid 2016. Nigeria's economic situation put the company under intense pressure to make some hard decisions While the cost of raw materials was rising, the price of Fun Cookies had remained fixed over the years. It became evident that if tough adjustments were not made quickly, the company would start running at a loss. In February 2017, the directors, Gbola Lawson and Debby Lawson, had to urgently decide on the pricing of the cookies. Although they desired to maintain the perception of Fun Cookies as an 'affordable goodness' and have the edge over the competition in pricing, they also had to stay afloat. In line with the prevailing competitive trends, the price of Fun Cookies was increased The market revolted It was time to get back to the drawing board. The case study discusses competition and strategy in an operating environment where market dynamics are constantly changing.
Human Resource Management
Odyssey Energy Company: Choice between Short term Survival and Long-term Relevance
The case described two short term decisions made by Odyssey Energy which resulted in negative long term consequences that threatened the company's survival.The first was the decision to acquireassets to replace depleting ones. Odyssey had the option of acquiring assets in the Shallow water depth where
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Ogechi Adeola & Oserere Ibelegbu
Okechukwu Amah
Nigeria Centre for Disease Control
they had equipment and competences to operate, or to move to the Deepwater area where they would need new skills and new equipment. The Shallow water acquisition had the added advantage that revenue could be immediately derived after acquisition, while Deepwater revenue would be derivedafterafewyears offront end investment.Odyssey decidedtoacquire assets in the Shallow water, hence investing in human resources recruitment and equipment repairs. However, the changing environment of the oil industry made the investment proposal unrealisable Hence, they were unable to control the huge operating costs The second decision described the operation of Odyssey Energy Company through a plan to increase its daily production from 20,000 BOPD to 80,000 BOPD. The plan was based on achieving both short term production gain and long term survival of the wells. However, when oil prices increased, a decision was made that amounted to maximising short term gain. This gave rise to long term consequences. The case portrays the long standing paradox of how to manage short term and long term decisions to optimise a company's productivity in the short and long run. It also portrays how individuals can take charge in challenging situation with toxic environment.
This is part of a case series. Football clubs usually look to star players to help them achieve their performance goals. The players would be poached from another club based on their performance at their former clubs - what was usually referredtoastheircurrent form The clubwouldbe prepared to 'break the bank' to buy such players. The players would usually come with a lot of expectations on their shoulders, and many a time, the players would be overwhelmed by the high expectations and would not be able to live up to those expectations. Stanislav Dimikhov, a 26 year old Ukranian, was bought by the modest Playstick Football Club for 50 million euro. It was the biggest money the club had ever paid for a player and the biggest transfer deal in the domestic league that year. He, however, had a poor outing in the first leg of Playstick's Champions League play off, leading to his substitution in the match and altercation with his coach. The coach had insisted on stamping his authority on the team, while Stanislav believed his new playing approach should be considered. However, both coach and player were able to resolve their differences and eventually lead the club to victory
The Nigeria Centre for Disease Control (NCDC) is Nigeria's first public health agency with the mandate to protect the health of Nigerians from the threat and occurrence of infectious diseases. Following a change in leadership in August 2016, the agency had been on a journey of transformation into a public health institute that was able to assure the health security of Nigerians. Dr Chikwe Ihekweazu, its Director General and the change leader, joined the organisation in August 2016 by the appointment of Nigeria's President Muhammadu Buhari, having worked extensively in the area of public health in the United Kingdom, Germany and South Africa. Along with his team, his priority was to ensure that NCDC evolved into a public health institute that was well equipped, both in terms of material resources and people, to respond to diseases of public health importance, effectively The case describes the change efforts, the challenges and the successes and ends with a question on the sustainability of the change initiatives in an increasingly dynamic world.
Henry Onukwuba
Finance
The END Fund: Changing Lives, One NTD Case at a Time
Stella Clifford, African Regional Adviser for Public Affairs of the END Fund, who was based in Nigeria and tasked with raising funds to ensure the continuation and completion of the END Fund's ambition of having an NTD free Nigeria by 2030, was considering what viable funding options she could pursue. Faced with the challenge of a difficult economy confronting its second recession in three yearsasat2020, furtherexacerbated bythe COVID 19 crisis and its attendant effect on corporates' economic fortunes and
Yetunde Anibaba
Enase Okonedo & Vincent Eke
We will see who the Coach is (A) & (B)
Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 23
therefore their philanthropic efforts; competing demands for foreign donor funds for projects; insufficient budgetary allocation to the health care sector by government and inability of the most affected by NTDs to continue to fund their health care by out of pocket payments (OPP), Stella had to consider viable options for funding the END Fund project in Nigeria
Information Systems
Firstmonie: Driving Financial Inclusion and Social Impact
Thecase describesthechallenges of anestablished financialservices provider in Nigeria that decided to tackle the challenge of financial inclusion. Firstmonie's history was described in detail from its foundations as an off shoot of the Bank's subsidiary to its current state as an independent subsidiary of the Bank catering to its over 36,000 agents nationwide The case also described Firstmonie's dilemma in growing and extending its agent network at the cost of ensuring the profitability of the existing agents and all the difficultiesit encountered in implementing the initiative. It concludes with the future of Firstmonie and the Nigerian market opportunity in perspective.
Nkemdilim & Olayinka David West & Immanuel
Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 24
Our theme for the 2021 & 2022 MBA Hangouts, was most appropriate for our intentions for LBS MBA alumni…Turaka, aka, Relax and Enjoy! The choice of venue was deliberate; with dual views of the Atlantic Ocean and our indefatigab Lagos city, the Turaká rooftop bar at Ebonylife, Victoria Island was the perfect place.
TheLagosBusinessSchool(LBS)MBAHangoutisexclusiveto alumniofdifferentcategoriesofLBSMBAprogrammes:Fulltime (FtMBA), Executive (EMBA), Modular (MMBA), and Modular Executive (MEMBA). It was strategically initiated to bring alumni of these categories together to foster stronger bondsthroughnetworking,knowledge-sharing,andmostof all,funactivities!
For the first time, the alumni relations team worked with a committee of various MBA class executives who worked together to plan, raise funds and execute a seamless event. Based on feedback from our alumni, the committee carefully chose the theme and the overall flow of the event. The inaugural committee of 2021 was made up of the following members: Segun Dada (FtMBA 10), Mayowa Adeosun (FtMBA 16), Adetutu Afolabi (MEMBA 5), Olujide Abimbola (MEMBA 6), Efosa Aigbe (EMBA 22) and Charles Aigbona (EMBA 23). They were instrumental in the implementation of one of the most exciting hangouts ever organized for LBS MBAalumni.Theyweredifferentkindsofgames,fromboard games to pantomimes to dance competitions, with lots of prize giveaways. The fun event began with a welcome address from Henry Andoh, LBS Alumni Relations Director andwasanchoredbycomedians/MCsLarryJandDamola.
Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 25 Homefront
In 2022, they were joined by: Solu Abulu (EMBA 11), Jide Bamigbowu(EMBA 24), Oluwaseun Adekunle (FtMBA 8), TemitopeOmijie(FtMBA16)andMetuIjeuru(FtMBA16).This time, the committee decided to address the upcoming Nigerianelectionsbyinvitingapaneltospeakontherelevant issues including the rights of the Nigerian citizen and vote registration. The speakers included Babajide Ogunsanwo (Founder,The FactboxandChannels TV D&I analyst),Korede Taomu (Digital marketing manager, Avon HMO & Team lead at Dacurate insights) and Joyce Daniels (Social engineering practitioner), who was also the MC. The event held on June 25, 2022, and was very well attended with the incoming President of the Lagos Business School Alumni Association
(LBSAA), Mr Agada Apochi, and company representatives of the sponsors also in attendance The consensus from attendees was “Turaká was lit!”, with many thanks to our planningcommitteeandsponsors.
2021 MBA Hangout sponsors included Sycamore, Wellness HMO,NSIAInsurance,NigerianBreweriesandWorkaholic.ng as financial sponsors, and OYA games and Drinks Direct as product sponsors. For 2022, AFEX was a financial & product sponsor while Guinness Nigeria & PrimeWash limited were productsponsorswithdrinksandproductvouchers.
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10
YEAR ALUMNI REUNION
The2021ReunioneventwasheldattheOrientalHotel, Victoria Island on Saturday, 11 September 2021. For the first time in the history of the event, it was hybrid, allowingforphysicalandvirtualparticipation.
The LBS Alumni Reunion brings back alumni to reignite bonds and celebrate each other after a decade of their graduation. The reuniting classes of 2021 comprised of nine (9) alumni classes that graduated in 2011 namely: AMP 23, CEP 20, EMBA 15, FTMBA 08, OMP 15, SMP 40, SMP 41, SMP 42,andSMP43.
The event began with a cocktail and red-carpet reception, followedbythewelcomeaddressoftheLBSAApresident,Mr FrankAigbogun,whojoinedtheeventonline.
The event featured two learning sessions: 'Wealth Creation', with General Partner/Co founder of Future Africa, Iyin Aboyeji, as the speaker; and 'Estate Planning' with Executive Director of Stanbic IBTC Trustees, Emi Agaba Oloja, as speaker.
Also in attendance were the Managing Director (MD) of StanbicIBTCTrustees,CharlesOmoera,asaspecialguest;the AssociateDeanofLagosBusinessSchool,ProfessorOlayinka David-West;andrepresentativesfromsponsorcompanies. The reuniting classes presented a financial gift to LBS as a donation towards the advancement of the institution. The gift was received by the Associate Dean, Professor Olayinka David-West. The vote of thanks was given by the 2021 reunioncommitteechair,GusWiggle(CEP20).
Apart from the learning sessions, the event featured music and dancing, games and fun competitions. The event was sponsoredbyGuinness,LeadwayPensurePFA,AXAMansard Insurance, Stanbic IBTC, Nigerian Breweries, and members of thereunitingclasses.
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The theme for the 2022 10 year reunion was “Homecoming”, developed to bring alumni back within the halls of LBS and to her parent, Pan-Atlantic University. The reunion classes comprised of AMP24, CEP21, EMBA16,FTMBA09,OMP16,SMP44,SMP45andSMP46.
The excitement in the air was contagious as participants arrivedLBScampusforalightbreakfastonSaturday,June18, 2022.Therewerehugsandlotsofsmilesandjoyouslaughter atbeingbacktogetheragain.
Buses conveyed the participants to the Pan Atlantic University where they were received at the Yemisi Shyllon Museum of Art by the museum manager, Michael Oseghale, and a special guest as a surprise: Prince Yemisi Adedoyin Shyllon, the grand donor of the museum. The Global CEO
director, Henry Onukwuba, was also part of the receiving party.Theparticipantswentonaguidedtourofthemuseum, after which they participated in two groups in a paint & sip sessionandtye-and-dyeactivity.Afterashorttourofthenew Science & Tech building, the participants left for LBS, with theirpaintedcanvasesanddyedshirtsasasouvenir.
At LBS, the participants were received by the Alumni Relations Director, Henry Andoh and Professor Akintola Owolabi. Theyproceededwithlunchandotherfunactivities includingdancecomptetionsandpantomimes.
We had 40 Alumni, 17 Guest, 2 Faculty members, 2 MBA staff and 7 alumni relations staff in attendance. In total we had 68 people in attendance. We had four sponsors; Pay Attitude, PolarisBank,FalconandMTN.
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LBSAA CEOROUNDTABLE
For the first time, an event focused on bringing CEOs together was implemented on September 23, 2021. The CEO roundtable is an exclusive event for leaders and captains of industry for networking and knowledgesharing, valuable and relevant to their journey as heads of organisations.
The theme " LESSONS FROM THE TITANS" attracted former top leaders in various sectors to share their experiences as CEOsandtheirlivesafterwards.
Cecelia Akintomade, former VP and General Secretary at the African Development Bank shared her experience being a womaninthemale-dominatedenvironmentofdevelopment banking and her drive to push through by doing more than expectedandearningthetrustofhersuperiors.
Evelyn Oputu, former CEO/MD, Bank of Industry spoke extensively about her transformation experience bringing a near-dead structure back to life with her resilience and doggednessbythreadingwheresomewoulddarenot.
Olu Onakoya, former CEO/MD, Mobil Nigeria, a soft-spoken gentleman who, as an engineer, found himself working strategically to lead and organise human resources to achieve organisational objectives Onakoya emphasised prudence and foresight as a virtue that a CEO must embrace as well as an ability to diversify into other areas to meet stakeholders'objectives.
The final session of the event featured Peter Obi, former Governor, Anambra State who humorously introduced himself as a politician and an entrepreneur. He narrated his political and entrepreneurship ordeals and how he was able to manoeuvre all challenges. He further encouraged the participants to consistently hold the government accountable to the commonwealth of the people and participate in politics to ensure good leadership and governancebasedonmerit.
Henry Andoh, the LBS Alumni Relations Director gave the vote of thanks and appreciated all the participants and encouragedparticipantstocontinuetherobustengagement
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Learning and Unlearning:
Truly, the virtual reality experience is surreal. From the comfort of a couch, anyone can engage in another reality different from their surroundings and encounter different emotions and experiences otherwise difficult or inaccessible in one's true reality. This ability to bring the world to the participant is what makes VR unique andrelevantinanever-increasingdigitalworld.
Thus, when one visits the Virtual Human Computer Interaction (VHCI) lab at Lagos Business School, the calm ambience and the warm smiles upon reception may give the visitor the perception that the lab may be truly just fun and games, and one may never guess its main purpose: to enhance the learning of new perspectives, and the unlearning of negative ones. The warm smiles belong to a group of experienced researchers and experts who work together to create learning experiences for participants by immersing them in different work and life scenarios from the comfortofthelab.
AccordingtoDrEugeneOhu,theprincipalinvestigatoratthe lab, VR allows us “to do expensive things cheaply, and dangerous things safely”.DrOhuisalsoaseniorlecturerinthe department of Organizational Behaviour/Human Resource Management with research interests in the psychology of
human-computer interactions in the workplace, in order to promote individual wellbeing and organizational productivity.Afterwinningagrantofmorethan$200,000,Dr Ohu and his team continue to explore character development, specifically, instilling empathy and compassion in Nigerian youth. They do this by creating immersive VR experiences where teenagers take the perspectives of ethnic groups different from theirs, to appreciatetheiridentityandshareintheirsufferings.
InadiversecountrysuchasNigeria,therelevanceofempathy and compassion cannot be understated. For a peaceful and progressive society, citizens must be empathetic towards eachothertofostergenuinebondsofhumanityandfocuson nation-building rather than on our differences. Dr Ohu and his team hope to contribute to a future that will allow the nation to use its diversity to its advantage and mitigate the conflictsthatarisefromit.
One of the virtual reality projects at the LBS VHCI lab is sponsored by the Templeton World Charity Foundation (TWCF), as a part of their Global Initiatives for Character Development. The research involves using a combination of adolescentshavingconversationsaboutidentityandplaying virtual reality games. The games depict scenarios of identity conflictanddiscrimination.
The Virtual Human Computer Interaction Lab (VHCI) at LBS
When one thinks about Virtual Reality (VR), the first thought is usually that of all fun and games, a way to escape, albeit temporarily, to a 'supernatural' world that seems more thrilling.
Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 35
Uzo Ofoma Chukwuma
Gameplay involves participants playing scenarios in a VR game, and through this consistent and continuous process, their empathy and compassion would improve. On the other hand, a game jam involves the entire process of brainstorming and conceptualization of a game, the development of a prototype within a short period of time, andthedeploymentofthegame.Itisacollaborativeprocess wherestudentsaregroupedintoteams.
The game jam begins with an understanding of the concept of identity and uniqueness in identity in relation to ethnicity andethnicdiscrimination.Itisimportanttoacknowledgethe uniquenessofeachdifferentidentity,asthisleadstoabetter appreciation and respect for them. The students are taught about the presence of different identities and are encouraged to reflect on these differences by using various engaging activities. Activities such as “Story of your Name” give students the opportunity to learn more about the origin of different tribal names from each other. The children are then asked to brainstorm and build up a story which depicts ethnicdiscriminationin2D(cardboardpapersketches).Then, they proceed to draw it up in 3D form, with the help of a VR developer.
Before the commencement of a game jam session, the children are tested quantitatively & qualitatively on their empathyandcompassionlevels.Questionnairesaresetupin languages that adapt to the age group and culture of the selected participants and are administered using tabs as the quantitative measure, while focus groups are also used as a qualitative measure. During the game jam, students are divided into two different groups: one focused only on brainstorming on the concept of identity; the second group focused on the process of brainstorming, conceptualizing and designing the game; there is a third do-nothing group thatservesasacontroltotheothertwogroups.
Nonetheless, as with any other new technology, there are fears regarding the potential negative impact of VR. The anonymity of the virtual world allows one to take up a character that can be far from one's true self, possibly to improve interaction within the space. When a user becomes socomfortabletakingupanewidentity,itmaybecomemore difficult to interact as one's true self, and this can affect selfesteem leading to social awkwardness in the real world. An alternateVRpersonality/identitymayalsobedifficulttotake off after staying in the virtual world for too long. The immersive technology completely draws in all your senses
and can become very addictive This results in users becomingmoreestrangedfromtheirrealfamilyandfriends.
Tomitigatetheserisks,DrOhubelievesthatitisimportantfor people to have an open conversation about their experience usingVR,thepotentialrisksinvolvedandhowtoavoidthem. In his words, “Only good things are misused”; thus, creating a safe space for users to discuss potential harms in the VR worldcanreduceareasofconfusion,giveclaritytousers and assist them to create the balance necessary to go in and out ofthevirtualworldwithoutthenegativeeffects.
Thus far, the results from the research show that the positive effects of instilling empathy and compassion in youth using VR outweigh any negative outcomes. They show that the other two groups exhibited higher levels of empathy and compassion than the group that received no intervention due to the immersive experience involved. To monitor the consistency of the change in behaviour, the students were testedbefore,immediatelyafter,andinintervalsof2months (up to 6 months after). With data of up to 4 months for some schools where the game jams were implemented, the result showed mixed changes in empathy and compassion levels. Therearesignificantdiscoveriesthathavemanyimplications forVRinbehavioralchangeandlearningingeneral.
Similar results can be seen across the board despite the fact that the research was carried out in the following schools within Lagos environs: Aje Comprehensive High School, Sabo, Yaba; Ransom Kuti Junior & Senior Memorial High School, Mushin; Unity Secondary School Oshodi; Eric Moore Junior & Senior High School, Surulere; and Kuramo Senior High School, Victoria Island. Public Schools were chosen based on their representation of a variety of ethnic groups, demographicsandsocialstatus.
For the future, Dr Ohu and his team aim to train teachers in the schools on new VR teaching models and incorporate them into schools' curriculums. With the positive research results, it is expected that schools can directly instill positive virtuesanddirectlyimpactsociety.
VHCI Lab Instagram- @vhcilab Twitter- @vhcilab Facebook- Virtual Human-Computer Interaction Lab (VHCI) Email: vhcilab@lbs.edu.ng
Issue 2, 2021 | LBS @ 30LBS FOOTPRINTS 36
LBSAA CSR Initiatives: Youth Empowerment and Health CSR projects
It was a beau ful October day in the Iberekodo community when members of the Execu ve & Governing Councils of Lagos Business School Alumni Associa on (LBSAA) arrived amidst cheers to officially launch the newly constructed borehole donated by the associa on to the over 2000 residents. Children and their mothers, boys, men and community rulers expressed their gra tude to the associa on and celebrated the launch with excitement.
TheIberekodoboreholeisjustoneoftheprojectsimplementedby the LBSAA as part of the associa on's CSR programme. Ini ated by the Execu ve Council under the leadership of Clare Omatseye, the associa on decided to engage in projects that will address three main issues in the Nigerian environment: Governance, Youth empowerment and Health. Members of the EXCo were charged to lead the research, develop viable proposals, and determine the necessary resources/collabora ons to ensure proper implementa onoftheprojects.Theini a veswereledbythelate Anu Eso (Governance), Oghogho Osula (Health) and Paul Abiagam (Youthempowerment).
Beginning with the Health project, the EXCo engaged the Governing Council (GC), made up of class presidents, who engaged their classes and raised funds from alumni and corporate bodies towards the project in excess of ₦20 million. Ini ally, all funds were to go towards the complete renova on and equipping of an iden fied primary health centre, Lakowe PHC, that provided services within the Ibeju-Lekki local government. However, upon
engagement with the state government and further delibera ons with the GC, the funds were used to refurbish & equip the health centre as well as provide water through WASH projects in several communi esaroundLagosBusinessSchoolcampus.
Apart from the Iberekodo borehole, the associa on led by members of the Health commi ee and EXCo launched the newly refurbished Lakowe Health Centre and officially handed it back to the management with the Chairman of Ibeju Lekki Local Government, Engr Abdullahi Sesan Olowa, in a endance. The associa on has began work on another borehole for the Badore community(about10,000residents).
The Youth Empowerment Ini a ve (YEI) led by Paul Abiagam, was charged to enhance youth employability through development of highly sought a er skills The pilot inita ve was targeted at unemployed/under-employed youth between 18-35 years of age within Lagos state. The commi ee decided that a mix of IT and management skills were relevant for immediately employability They developed a training curriculum for youth that centred on Informa on Technology (IT) and Management skills and worked relessly to iden fy the best IT training partner and sponsors for the ini a ve. ₦10 million was raised from sponsors, individual alumni and alumni classes. ApTech was chosen as the preferred partner with LBS as the provider of the management training. The mul level selec on process was rigorous and included an applica on and screening process as well as panel interviews from a pool of more than 150 applicants. Out of the 30 applicants
Alumni Happenings Issue 2, 2021 | LBS @ 30LBS FOOTPRINTS 37
chosen, 21 of them completed the training over a sixteen-week period.
The YEI programme was launched at LBS with LBS COO, Charles Invenso, Aptech culminated by a gradua on ceremony for the par cipants at the Honeywell Auditorium at Lagos Business School. In a endance were the LBSAA President, Frank Aigbogun; immediate past President, Clare Omatseye; LBS Dean, Professor Chris Ogbechie; YEI commi ee Chair, Paul Abiagam; Alumni rela ons Director, Henry Andoh; LBS faculty, Dr Adi Bongo; some members of the YEI commi ee who were instrumental in the success of the programme including Alex Orewa, Dimeji Falope, Shweta Shrivastava, Adekunle Adewole, Chima Ama-Otu and Olurinu Jose. Other members of the commi ee who worked towards the success of the programme include Dr Bayo Olugbemi, Funmi Omo, and Joe Onwubuya. The commi ee contributed personal funds, me and resources to provide the financial requirements, mentoring partners and job placement opportuni es for the par cipants, with most of the par cipants interningorworkinginalumnicompanies.
The success of the ini a ves would not have been possible without the commi ees, governing council members and their classes, and partner companies. To them all, we express our gra tude,andwesay,“Jobverywelldone!”
Health CSR Committee: Oghogho Osula – Chairperson
Clare Omatseye
Dr Alex Orewa
Diwura Oladepo Shweta Shrivastava Ada Okorie
Jesuefe Okagbare Ayeni Samuel
YEI committee: Paul Abiagam – Chairperson
Dr Alex Orewa
Dimeji Falope
Adekunle Adewole Shweta Shrivastava
Dr Bayo Olugbemi Olurinu Jose
Joseph Onwubuya Funmi Omo Chika Ama-Otu
Issue 2, 2021 | LBS @ 30LBS FOOTPRINTS 38
My Dreamed Experience
Rwanda:
Governance
First visited Rwanda (Land of a thousand hills) in 2017 for a business conference hosted in the iconic Kigali Convention Centre. For anyone who has attended a conferencewithathousanddelegate,youcanrelatewiththe frenzied pace of things. Running from one breakout room to another, speed networking with fellow delegates, and if you arelucky,grabbingabitefromthebuffettable.
At the end of each day, a stream of tired delegates shuttled back to our various hotels dotted around the city. The lucky onesstayedrightthereattheRadissonBlu.Backatmyhotel,I had a hot meal and sent emails to the new contacts I made thatday.Andforthenexttwodays,thecyclerepeateditself.
So, at the end of this visit, the only experience of Rwanda besides the conference was a quick stop at Sainte Famille Church and the Genocide Museum. Both are very symbolic, given the events of 1994. But at least I ticked Rwanda as the 12thAfricancountryonmy'tovisit'list.Asluckwouldhaveit, four years later in 2021, I visited Rwanda and this time for a fullweek.
In conjunction with the Lagos Business School and JR Farms Africa, the visit was precisely what I longed for, an immersive experience of the miracle of Rwanda. A country with only 12 million inhabitants, its capital city, Kigali, is the second most popular MICE destination in Africa, in addition to being the cleanestandsafestcityaswell.
A country where citizens can arrest you for littering. There were no unsightly plastic bags anywhere, not even in the marketplaces.Incredible!Thesenseofsecuritywaspalpable. You could spot gun-toting policemen standing discreetly
among the citizens as we moved across the cities and towns andyet,itfeltcompletelyrightthattheyshouldbethere.Not oncedidwefeelintimidatedorconcerned.
Even when we were stopped at a routine checkpoint, I felt a strong urge to reach out and touch one gun (Bet it was a good thing I didn't, no?). On closer inspection of their uniforms, you could see they too were amazingly stylish! What's more, being in the middle of an ongoing pandemic, a curfew had been enforced between 10pm and 4am every day. We found it truly amusing that people who were caught breaking the curfew were taken to the stadium by soldiers, madetositonthegrass(inthefreezingcold)andlistentoan all-nightlectureaboutcivicresponsibility.
At dawn, they paid the fine and walked free. Talk about effective deterrents! For us who are used to the pace of Nigerian intercity travel, the speed limit of 60 kilometres per hourwastrulyexcruciating.Butitbegantomakesensewhen wedroveupthewindinghighwaysintothehills.
A strained silence enveloped the bus every few kilometres as we gazed fearfully at the precipices, or when we spotted in the distance, nestled within the clouds, yet another road that formed part of our route. While our skilful driver negotiated the sharp bends along the winding highway, some of us shut our eyes to calm the rising waves of panic. When traffic slowed to a crawl with cars, buses, coaches, tankers, and trailersslowlychugginguphill,itoccurredtousthatdrivingin Rwanda without good brakes would be akin to having a deathwish.
(Good
Works!) Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 39
Dr. Belinda Nwosu
Observing cyclists as they pedalled almost effortlessly uphill was another sight to behold. Many of them alone or with a passenger, but several more with bunch of massive green bananas strapped onto their bicycles. No small wonder Rwandan athletes compete successfully in long distance races!
We also spotted craftier cyclists who clung to moving trucks inabidtogainsomeleverageuptheslopes.Ourtravelstook us to Inyange Industries, in the outskirts of Kigali. Inyange is Rwanda'sleadingfoodprocessingcompanyproducingdairy products, fruit juices and water. I was particularly fascinated bythenetworkofmilkcollectioncentresaroundthecountry, whichensuredthecontinuousflowofmilktothefactory.
It is estimated that by 2022, milk production in Rwanda would have hit the 1billion litre mark! After this, it was time to tap into the coffee value chain. We visited the Rwanda Farmers Coffee Company in Kigali, owners of the largest coffee roasting and packaging facility in Africa. Not one for coffee, the smell in the roastery was amazing and so I ended up buying some for the road. Next, we visited the coffee plantations and washing centres in Akagera, to the east of Kigali neartheTanzanianborder.
We learnt how coffee beans were grown, harvested, washed, dried, bagged and then sent off to the roastery. What was interesting about this process was the synergy along the entire value chain, from rural farmers to cooperatives, and then to the processingcompaniesandbeyond.
Unfortunately, there was no time to visit the Akagera National Park. We piled back into the bus and started on the journey back to Kigali. One of the highpoints of this road trip wasthesignageindicatingUgandatothenorthandTanzania totheeast.Anothertriptookussome fivehoursoutofKigali to the western highlands, where the Rwanda Mount Tea Company is located. Remember the treacherous terrain up into the clouds? Yes, this was it. I had a Eureka moment when we finally arrived the tea plantations about 2,500 metres above sea level. The Kigali Convention Centre is modelled after the tea plantations that perched around the volcanic hillsofwesternRwanda.
As we walked through the plantations and the Kitabi tea factory,Ireflectedthatdrinkingteawouldneverbethesame for me again We also visited the African Leadership University for a workshop on the African Continental Free Trade Area (AfCTA). While this was going on, a few of us took time off to speak with members of the Rwanda Convention Bureau and the Rwanda Chamber of Tourism. Next, it was off to Minimex, the largest grain processing factory in the
country. And guess what, the head miller is female! Now this shows that government policy on female participation in economicdevelopmentistrulyaliveinRwanda.
We rounded up with a brief stop at SP Oil, the largest oil and gascompanyinthecountry.Imustsay,thatinallourvisitsto companies, it was striking to see how young the CEOs were. Betting on my last bottle of Akabanga, I'd say the oldest we met was not yet 45 years old. Rwanda is truly an intriguing study. Exhausted by days of travelling, we did not miss the opportunitytodineinaNigerianrestaurantinKigali,andvisit the Nigerian High Commission. Nothing like home food to getthingsgoing!WealsoexperiencedhospitalityattheChez Lando, Onomo Hotel, a plush residence in Vision City, and at the Ipfundo Art Gallery. Another highlight was bargain
hunting at Kimironko market. Although we missed out on quadbikingandbungeejumpingatMountKigaliPark(thank goodness!),itwaswellworththetrip.
AswereflectedonthedaysspentinRwanda,onethingstood out the most. Good governance works! Here is a tiny African country, overcoming a most tragic past to emerge a beacon of social and economic development. And what is truly amazingisthefactthatthishasallbeenachievedinlessthan 20 years! I left for Nigeria more enlightened and very thoughtful. And as one of my fellow adventurers puts it; “I've been grappling with where to start and came to this conclusion:itbeginswithme…Ineedaculturalreorientation, core values (inner) that will drive the change that I desire to see in my immediate environment, community, and world at large”. This is what one week of the Rwandan experience helpedtoinspire!
Dr. Belinda Nwosu is a tourism expert and faculty member, Lagos Business School.
Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 40
Hell has no fury like a woman scorned
Tunde Ekpekurede
Weallhavestoriesthatlimitus.Ifanyoneofuswas freefromstories,wewillbeliterallyGOD.Butwe cannot live in this world without a story. Stories helpusmovefrompointAtoB.Whatwearetryingtolearnin theseseriesisthattomovefrompointAtoBandthenfromB to C requires that we continually change our stories. To recount the words of Marshall Goldsmith, “what brought youherewon'ttakeyouthere” MarshallGoldsmith'sbook with this title has been the subject of many management lectures.
You see, this story that you told yourself that powered you through university is usually incapable of powering you through organizational storms. Many have tried to live their entirelifewiththesamestoryandwhentheyrunintostorms, they find out that the story won't do the job. The story that youscriptedinternallythatgaveyouthefireofambitionthat broughtyouontopofyourclassintheUniversityisnotlikely to work when you start working. Yes, that story gave you first class, but you will soon find that attitude and collaboration will give you more speed than a first-class when you enter industry. Repeatedly, companies let go of some great firstclass materials that are unable to change from a competitive story they told about life to a collaborative one. You are now partofateam,insteadofseekingouthowtheteamwillshine, you are still thinking of how to trump the team. Some even continue to display the competitive spirit in their marriage and their relationships. Others are competing within their families.
What we hope you will see in these series is that if you are tired of staying in point B, it is time to script a new story. ALL OF OUR LIMITATIONS HAVE COME FROM THE LIMITING STORIES THAT WE TELL. We say Elon Musk is audacious because many of the stories we tell that limit us do not seem tolimithimbecausehehasadifferentstory.Ifyouhavebeen in one spot for too long and you are beginning to stink, consider telling a new story. That old story of your father dyingwhenyouwere16isnowathingofthepast.Thatstory attracted pity when you were in university, it brought you sympathetic sponsors; but that story will not make you CEO of Zenith Bank. You are now 30 and it is still the same story? Kill it. The story of being sexually abused when you were a teenager worked for a while. But it has a limit and expiration. Now you say that same story and people look at you with scorn.Thatstorynowstinks.Ithasbeen3yearssinceyouleft yourex,butallyourpitypartystoriesarestillaboutthatdead relationship.
AsIhavesaidrepeatedly,thesestoriesaremeanttostopyou andgiveyouanexcusetoremainwhereyouare.MyMedium writer friend, Ayodeji has a now often repeated saying — “Nobody is going to come and save you”. You have to find a way to get yourself out of the cul-de-sac. You cannot be singleanddesirousofgettingmarriedandtellthesamestory for 10 years. You probably want a change in your marriage, but you have continued to tell the same story for years. You are imprisoned by your story. You are going to have to sit down, write this story to YOURSELF as accurately as it is in yourmindandaskyourself,AMIABSOLUTELYCONVINCED OF THIS STORY THAT I HAVE TOLD FOR 10 YEARS? Trust me,youwon'tneedanycoachorpastor,youwillseethecrack in this narrative that you have paraded all these years. It was probably true yesterday, but it has expired.
Youask,whatamItodonow? The first step in any effective problem solving is a Correct Diagnosis I like an article I read in the Harvard Business Review some years ago. It posed a question, “Are you sure you are solving the right problem?”. It was compulsory for all graduate trainees working for me to read this article in years past, I think I need to revisit this practice. Are you telling the rightstory?Ifyoucangettheideainalloftheseshortarticles, that whether the story takes you forward or keeps you stagnant, you are the one telling the story. If you are convinced that you are the one telling the story and you see howthestoryhasclosedyourlife,youwilltellanewone. Want to change? “Heaven has no rage like love to hatred turned, nor Hell a fury like a woman scorned” - William Congreve's'TheMourningBride'(1697)
We
all have
stories that limit us If anyone of us was free from stories, we will be literally GOD. But we cannot live in this world without a story Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 41 Features
This article is not about women, nor a woman scorned in the literal sense. This article is about me and you. About anyone who wants a change in their lives. If you desire a change, I want to introduce you to the words of William Congreve above. You are going to act like a woman scorned. You are going to be mad at that story you told for years. It has been tenyearssinceyoulostyourjob,andthestoryisstillthesame — how the company never paid you exit entitlement? Are you serious? Is that the story you are going to tell for the rest of your life? You are now past twenty and the story of your father's drunkenness and how you got into drinking through hisinfluenceisstillthestoryyoutell?Arelationshipyouwere in went sour some two years ago and you still cannot tell a newstory?
A woman scorned is VICIOUS You have been romancing your self-defeating story about who took your mate or who stoleyourblahblahblah.Now,thetableisgoingtoturn.You are going to be very vicious against this story that you have told without end. You are going to script a new story. Rememberthatbullshitstoryinwhichyoulabeledyourselfan introvert?ThereisNOTHINGcalledanintrovert.Itwasastory
you scripted — and it worked for a while, but today we are tearing that story. We are writing a new story. That name you inherited that speaks to your victim story; like Jacob, you are goingtochangeittoIsrael.Youarerewritingyournamefrom oneofavictimtoaVictor.
Thelastpersonthatheardyour'victim'storyisthelastperson who will ever hear that story. You are free. You have a new name, a new story a new narration. That pity party look is gone forever. Now you are going to KILL everything in you thatrepresentsthatstory.Doyouknowwhatitmeanstokilla mosquito with a sledgehammer? That is exactly what I am asking you to do. Kill that 'victim' story with a sledgehammer andINITSPLACE,WRITEANEWONE
Tunde Ekpekurede is an Author, Coach & Trainer
is the CEO of Learning4living, a Tra
Co a c h i n g organization. Tunde is an alumnus of the
Management Programme (AMP 12) at Lagos Business School.
He
i n i n g a n d E xe c u t i v e
Advanced
Want to change? “Heaven has no rage like love to hatred turned, nor Hell a fury like a woman scorned” - William Congreve's 'The Mourning Bride' (1697) Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 42
Your Perception is your reality.
Yearsago,IusedtohaveafriendattheworkplacethatI considered troubled, opinionated and inherently toxic.Ihaven'tbeenintouchwiththisfriendformany yearsandthisisn'tquitesurprising.Wedidn'tsharethesame perceptive about almost anything and I soon realized that herrealitywasbasedonperceptionsthatwasbadlyflawed.
Shebelievedeveryemailshereceivedhadaninherentmotive and when she responded, it was based on past experiences with the sender. It is important to note that past experiences greatly influence how we decode things. She was always on thevergeofadisputeorcreatingone.Shewasnevershortof drama and had a lot of conflict situations with other colleagues daily. It seemed like she thrived on creating disputes.Ironically,shewasahighperformer!
Akin Akingbogun
Perception is merely a lens or mindset from which we view people, events, and things. Think of perception using the popularillustrationofthosewhoviewaglassofwaterashalffull,andthosewhoseethesameglassashalf-empty.
Author Gregory Berns states in Iconoclast, “Perception is the brain's way of interpreting ambiguous visual signals in the most likely explanation possible. These explanations are a directresultofpastexperience.”
Haveyoumetsomeonelikeher?
If you are perceived to be something, you might as well be it because that's the truth in people's minds.
There are things known and there are things unknown, and in between are the doors of perception.
— Aldous Huxley
“ ” Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 43
In short, perception equates to the sum of your past conditioning.
The totality of your perceptions— regarding yourself, your life, life in general, others, and so on—creates and impacts yourpersonalrealityandultimatelyyourexperienceoflife.In essence,perceptionsprofoundlyimpacthowyouexperience life.
The quality of life you'd enjoy is therefore in your hands!
Justlikemyoldfriend,ifyouconstantlyperceivepeople(your boss, colleagues, friends etc.) as always being against you, youwillmostlikelyreactinadefensive,combative,negatively reactive, and victim-like way. This way of perceiving people will most certainly lead to experiencing intense levels of unhappiness and cause you to be unsettled and miserable in theend.
Tomaintainahealthyrelationshipatworkorpersonallifeyou mustquestionyourperceptionaboutthethingsthathappen toyou.It'sonlythenthatyoucanbegintoseepeople,events, things, and even yourself from a more neutral or positive perspective.
One of the biggest hinderance to seeing things in a positive and neutral perspective is our belief cycle My several coachingsessionswithyoungemployeeshavereinforcedthe potency of the belief cycle and how behaviors, habits and emotionskeepanindividualstuckinhisownhead.
Let me take a few seconds to elucidate further
Whenanindividualholdsupastrongbeliefaboutasubject,it influences their thoughts about the subjects which then triggers emotions when such issues occur. These strong emotions then create a reaction or better termed, behavior whichovertimebecomesahabitthatthencreatesasituation thatwillreinforcethebelief.
Breakingthebeliefcyclewilltakemorethanjusta45minutes of chit chat! But it features mostly at the center of the lens withwhichtherealityisviewed.
May I add that many conflict situations at the workplace and in our personal life, are created due to different perspective aboutthesituationandopposinginterests.
Whenever you feel triggered by someone, something, or some situation, experts' advice that you “hit the pause” button and take a moment to breathe and ground yourself into the present moment so you can choose how to respond fromamoreempoweredplace.
Respond not react!
Mosttimes whenwetakeamoment tounderstandtheother party'sperspectiveandview,wewillunderstandwhytheyact the way they do and respond appropriately. Reacting to everythingthatlifethrowsatuswilloftenleadtoaggravating thesituationorruiningrelationships.
For this to happen,having the desire to see things differently is a vital component. It is a conscious and intentional step to withhold judgement until you can see all the sides or get moreinformation.Itisalsopossiblethatonemaynotbeable to see the different perspectives because we are blinded by our feelings or emotions Sometimes you can be so accustomed to perceiving things a certain way that sometimesit'sdifficulttoseeourblindspots.
In this case you can enlist the support of a trusted friend or family member or a professional such as a psychologist, to talktosomeonewhocanhelpyouseethingsfromadifferent perspectivethatyoumightnothavethoughtofbefore.
Everything begins with a decision – decide now to be in charge of your own perception of reality. Because if you don't,thereareplentyoffolkswhosesolepurposeinlifeisto craft that perception for you. And they won't have your best interestatheart!
It's therefore important to be conscious of your perception, becauseifyou'renot,someoneelsewillcreateitforyou.
When a situation arises which, you are unfamiliar with, rather than add a narrative to it, consider the following viewpoint instead:
“What else could be going on underneath the surface which I'munawareof?”
Assuredly, something is always festering behind the scenes which we are unaware of. If you are quick to cast aspersions, you limit your experience of reality. Our judgements impair ourperceptionbecauseseldomdowehaveadetailedpicture ofasituationuntilwedigdeeper.
PleasetakenoteofthispowerfulquotebyDouglasAdams;
“Everything you see or hear or experience in any way at all is specific to you. You create a universe by perceiving it, so everything in the universe you perceive is specific to you.” –DouglasAdams
Be wise, choose the right perspective!
Akin Akingbogun is the head of Retail Engineering at OVH Energy Marketing and President of SMP 69 class. Also known as the "Duke of Small talks", Akin is a public speaker, social entrepreneur, and writer. Akin's writing can be found at www.akinakingbogun.com
Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 44
CEP 3
Ernest Ndukwe appointed as the new chairman of Systemspecs
SystemSpecs, a financial technology company, announced the appointment of Ernest Ndukwe as a new chairman of the company. This appointment was made on the company's 30th anniversary on the22ndofFebruary,2022.
Mr Ndukwe's climb on the career ladder started off in Radio Communications Nigeria (RCN) in the year1976asayounggraduate.Hewentontobecomemaintenancesupervisorin1978andassistant engineering manager in 1979. He took a full dive into telecommunications in 1980 and in the year
1989hewasappointedPresidentoftheAssociationofTelecommunicationsCompaniesofNigeria(ATCON).Intheyear2000, he was appointed by then President of Nigeria, Olusegun Obasanjo, as the executive vice chairman and chief executive officer of Nigerian Communications Commission (NCC) where he served for two- 5 year tenures. He was also appointed to theboardofAccessbankwhereheservedasanindependentnon-executivedirectorintheyear2013.
Mr Ndukwe holds a Bsc in electronic and electrical engineering from Obafemi Awolow University, Ife and he also holds a certificate in satellite communication from Harris Corporation Training School, Melbourne, Florida. He is also an alumnus of theChiefExecutiveProgramme(CEP3)atLagosBusinessSchool.
EMBA 2
Akin Ogunbiyi is the recipient of the Prestigious Corporate Pacesetters Honours Award
FounderofMutualBenefitsAssurance,AkinOgunbiyi,hasbeenrecognizedforhisoutstandingwork with the Prestigious Corporate Pacesetters Honours Award at the maiden edition of the prestigious Marketing Edge Hall of fame induction ceremony. The marketing edge also welcomed Mr Ogunbiyi as the first member in the corporate category, which is one of the highest honours the marketing edgecanbestowonexceptionalindividuals.ThemaidenHallofFameacknowledgesindividualsthat have made strong and impactful contributions to the growth and stability of the IMC industry and Nigeria'screativeeconomy.
He is the chief executive officer and associate director at finance & insurance experts limited. He is also on the board of infrastructurebankPlcandElephantGroupPlcandanassociateatCharteredInsuranceInstituteandMemberofInstituteof Directors.
HehasaBScinAgriculturalEconomicsatObafemiAwolowoUniversity,Ife.HehasadegreeinHistoryandaMScinIndustrial Relations and Personnel Management from University of Lagos. He is also an alumnus of the Executive Masters in Business (EMBA2)programmeatLagosBusinessSchool.
SMP 55
Tour Brokers International, an award-winning IATA approved tour operator, has approved the appointment of Mrs Odion Chigbufue as its executive director with effect from April 1st, 2022. Mrs Chigbufuejoinedthecompanyintheyear2007,andinher15yearswiththecompany,shehasstood as a representative of the business and promoted the business at local, international, regional and tourismrelatedevents.ShehasbeeninductedintotheNigerianInstituteofDirectors
ShehasaBscinPhysicsfromttheUniversityofLagosandaDiplomainGeologyfromtheUniversityof Benin.SheisanalumnaoftheSeniorManagementProgramme(SMP55)atLagosBusinessSchool
Alumni in the News
Odion Chigbufue
appointed as Executive Director of
Tour Brokers International Limited Issue 2, 20221 | LBS @ 30LBS FOOTPRINTS 45
OMP 7
This fellowship award is the highest award in the society and it acknowledges recepients for their reputable selfless efforts and excellence in the pharmacy community. The Pharmaceutical Society of Nigeria is a professional body for practising pharmacists in Nigeria to instil discipline and maintain professionalethicsamongstitsmembers.
MrsGeorgegarneredexperienceinthehealthcareindustryovertheyearsfromtheperiodofherinternshipatLUTH(Lagos University Teaching Hospital) to her service during her NYSC (National Youth Service Coprs) at GlaxoSmithKline consumer Nigeria Plc where she worked under the sales, production and quality control unit after which she worked with May and BakerPlcasamedicalrepresentativebeforemovingbacktoGlaxoSmithKlinetoworkasamedicalrepresentativeandretired asanassistantmanagerintheyear1999.thisretirementgaveherroomtofullyfocusonHealthPluswhichwasincorporated in1996andisnowafullyfunctionalcorporationwithseveralbranchesandhundredsofemployeesacrossNigeriaandAfrica. She incorporated and established Casabella International in 2008. It is a retail chain outlet that focuses on beauty and groomingproducts.
She has a Bsc in Pharmacy from the Univeristy of Lagos and is an alumnus of Harvard University. She is registered with the Pharmacist council of Nigeria, Royal Pharmaceutical Society of Great Britain and General Pharmaceutical Council U.K. She is analumnaoftheOwnerManagementProgramme(OMP7)atLagosBusinessSchool.
SMP 23
He takes up this post with over 30 years of banking experience, prior to his appointment, he was the UBA group directorate head, Apapa, 1 in Nigeria. Before joining the group in Ghana, he worked at Diamond bank as directorate head in charge of south businesses and directorate head in charge of LagosandWestbusinesses.
He holds a Bsc in Industrial Mathematics from the University of Benin and an Mba from University of Lagos. He attended prestigious business schools such as the Wharton Business School, Philadelphia where he did Advanced Management programme,IESEBusinessSchool,UniversityofNavarra,BarcelonaandheattendedLeadershipandCorporateGovernance Training in the Henley Business School, University of Reading, U.K. and Advanced Company Direction Programme, Institute ofDirectors,London.HeisanalumnusoftheSeniorManagementProgramme(SMP23)atLagosBusinessSchool.
Managing Director/CEO of CasaBella International and Healthplus has emerged the first recipient of thePharmaceuticalSocietyofNigeriaBoardofFellowsAward.
Bukky George is a recipient of the Pharmaceutical Society of Nigeria Board of Fellows Award
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The board of directors of the United Bank of Africa Ghana has appointed Mr Chris Ofikulu as new ManagingDirector/ChiefEexcutiveOfficer.
Chris Ofikulu is appointed as new Managing Director/ Chief Executive Officer of UBA Ghana
SMP 65
In honour of Women's History Month, Halima Buba has been selected, amongst a few others, as one of the women holding leadership positions in the 'male-dominated' environment of the Banking sector.
Halima Buba is well-grounded in the banking sector with over 20 years of experience obtained from her work in different banks such as Allstates Trust Bank, Zenith Bank, Inland Bank Plc, Oceanic Bank Plc and Ecobank Nigeria Limited. She is currently the Chief Executive Officer at
SunTrust Bank Nigeria. She sits on the board of Directors of the Nigerian Sovereign Investment Authority (NSIA) and Anchoria Asset Management Company Limited. She holds a Bachelor of Science (B.Sc.) degree in Business Management from the University of Maiduguri and an MBA from the University of Maiduguri as well. She is an alumn of the Senior Management Programme (SMP 65) at Lagos Business School.
He is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of the institute of directors. He obtained an undergraduate degree from Bayero University Kano and a graduate degree from Lagos State University. He also obtained an MBA from Lagos State University and the London School of Business and Finance. He is an alumnus of the Senior Management Programme(SMP39)atLagosBusinessSchool.
The Olubadan of Ibadanland, His Imperial Majesty, Oba (Dr) Mohood Olalekan Balogun, AlliOkunmade II, has appointed Remi Ibrahim Babalola as the new Jagun Balogun of Ibadan. The Jagun Balogun is a chieftancy title that is appointed by the Olubadan of Ibadanland which is commonly known as the the Lord of Ibadan.Prior to this appointment, he was the Mogaji Ogidi of The Babalola Royal Family in Ajegede Oke-Ofa Atipe Area of Ibadan, Oyo State. He has served as the Chief Executive Officer of various Investment Companies including, Wema Securities and Finance Plc, Wema Asset Management Limited, Independence Securities Limited and Portfolio Advisers Limited.
He is a banking and finance professional and he has over 30 years' experience in the Risk Asset Management, Liability Generation,CapitalmarketoperationandBusinessDevelopment.
HeisafellowofTheCharteredInstituteofStockbrokers(FCS)andAssociationofInvestmentAdvisers&PortfolioManagers (IAPM), Member of National Institute of Marketing Of Nigeria (NIMN), Nigeria Institute of Management (NIM), Equipment LeasingAssociationofNigeria(ELAN),CertifiedPensionInstituteofNigeria(CPIN)andalsoTheNigerianEconomicSummit Group (NESG). He is a member of Nasrul-lahi-il-Fathi Society of Nigeria (NASFAT) Board of Trustees and Council member of Fountain University Osogbo. He has attended numerous trainings such as Disruptive Strategy Training in Harvard Business School,andEuromoneyTreasuryManagementCoursesintheUnitedStatesofAmerica.
He has a Bachelor of Science degree in Business Administration and Masters in Business Administration (major in Finance). Heisanalumnusof theSeniorManagementProgramme(SMP22)atLagosBusinessSchool.
Halima Buba has been honoured as one of the leading ladies making waves in the Nigerian Banking Sector
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TheboardofdirectorsoftheRedStarExpressPlchaveannouncedMrAuwaluBadamasiBaburaasthe newManagingDirector/CEO.Thisappointmentwasmadeeffective1stofApril2022.RedStarExpress isaworldleadingcourierandpackagedeliverycompanyinNigeria.
SMP 39
Auwalu Badamasi Babura appointed as the new Managing Director / CEO of Red Star Express
SMP 22
Remi Ibrahim Babalola appointed as the new Jagun Balogun of Ibadanland
MultiChoice has appointed Doris Ohanugo as the new executive head for DSTV media sales. Mrs Ohanugo is said to be a seasoned sales professional with over 20 years' experience in the broadcast andmediaindustryinvariousaspectssuchascustomerservice,marketing,salesandsponsorship.
Mrs Ohanugo joined MultiChoice in 2012 as the Sponsorship Manager, DStv Media Sales, and was later promoted to the position of Regional Sales Manager, a role she occupied until her recent appointmentastheExecutiveHead,DStvMediaSales.Shehashandlednumerousprojects,including
Nigerian Idol Seasons 1&2, FIFA World Cup Germany 2006 & South Africa 2010, The English Premier League 2007-2012 seasons,amongstothers.Sheholdsabachelor'sandmaster'sdegreeinHistoryandStrategicStudiesfromtheUniversityof Lagos.ShealsoobtainedprofessionalcertificationfromtheGordonSchoolofBusinessScience,UniversityofPretoria,South Africa.SheisanalumnaoftheSeniorManagementProgramme(SMP70)ofLagosBusinessSchool.
SMP 27
The board of Access holdings Plc has announced its changes to the board of its banking subsidiary andhasappointedChizomaOkoliastheDeputyManagingDirectorofAccessBankRetailSouth.This appointment is said to have been approved by the Central Bank of Nigeria and to be made effective May2,2022.
Her professional career in the banking industry started in the year 1992 when she worked as an executive trainee in Diamond Bank Plc. From this point, she rose to become the executive director in the year 2016. Following the merger between Access Bank and Diamond Bank in 2019, she was appointed Executive Director, Business Banking Division by the Bank. She has gained experience in various aspects of the banking sector such as commercial and consumer banking, corporate banking, branch banking, institutional banking, businessbankingandbusinessdevelopment.
SheobtainedaBachelorofLawdegreefromtheUniversityofBeninandaMaster'sinBusinessAdministrationfromWarwick Business School, United Kingdom. She is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and a MemberoftheInstituteofCreditAdministrationofNigeria.Sheisanhonorarymemberofthecharteredinstituteofbankers ofNigeria.MrsOkolihasattendedvariouscoursesinNigeriaandabroadincludingtheAdvancedManagementProgramme of Wharton Executive Education, University of Pennsylvania. She is an alumna of the Senior Management Programme (SMP 27)oftheLagosBusinessSchool.
EMBA 11
Proshare, a professional research and information services practice, appointed Ms. Funke Medun as anIndependentDirectortotheBoardofDirectorsoftheCompany.Theappointmentwasconfirmed at the company's annual general Meeting (AGM) held in May 2022. Funke is the CEO of Leapworld Limited, a full-service business development support (BDS) and human resources consultancy with global alliances. She holds a first degree in Geology, an MBA from the prestigious Lagos Business School (LBS) and currently a doctoral research student. She is an accredited and World Bank trained
SMP 70
Doris Ohanugo appointed as the new executive head for DSTV Media Sales
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Chizoma Okoli appointed as Deputy Managing Director of Access Bank Retail South
Funke Medun appointed as an Independent Director at Proshare
BDS Expert Consultant. She is an associate member of the Chartered Institute of Personnel Management (CIPM) and a licensedhumanresourcepractitioner(HRPL).Sheisanassociatememberofwomeninbusinessandmanagement(WIMBIZ) Nigeria,abusinesscoach,mentor,andboardmemberontheboardsofsomeorganisations.Funkeisanauthorandregarded asamulti-talentedscholarservingonprojectsandimplementingtrainingprogramsindifferentcountriesfororganizations such as the World Bank GEM project, Bank of Industry (BOI) Nigeria, Algorithm Media, Seplat Petroleum Development Company,NigerianNationalAssembly,DiamondBankPlc,FidelityBankPlc,ChannelsTelevision,amongstmanyothers.
Prior to joining the consulting industry, Funke had about a decade of experience with the top banks Zenith Bank plc and Guaranty Trust Bank plc. She was also a mentor under the Guaranty Trust Bank plc staff mentoring scheme and a peer educator with the Health & Life Planning club (Action Health Incorporated, Lagos). She has been at the forefront of MSME development & advocacy; conceptualized and managed an annual United Nations MSMEs Day Celebration Program partnering with key stakeholders in Nigeria since 2018. She is a volunteer financial education trainer with the “financial literacyfor all”project,Nigeriaandalife-skillstrainerwiththeWorldBank-fundedLagosEkoEducationproject.
Funke is currently a doctoral research scholar at Paris School of Business. She has a Bachelor of Science degree in Geology and is an alumna of IESE Business School, China Europe International Business School and United States government's Academy for Women Entrepreneurs. She is also an alumna of the Executive MBA (EMBA) 11 class of Lagos Business School and has also been an active member of the Lagos Business School Alumni Association serving as a valued member of the President'sDinnerplanningcommitteeoverthepast3years.
SMP 52
Cherry Eromosele elevated to Executive Vice President, Marketing and Communications at Interswitch Group
Cherry Eromosele has been elevated to the position of Executive Vice President (EVP) for Marketing and Communications across the Interswitch Group, spanning Africa and emerging expansion markets. In this new capacity, she will be expected to provide leadership and direction, as well as inspire Interswitch's marketing and corporate communications teams across all its operations in Africaamongstothercriticalobjectives.
Cherryisknownasafrontlinemarketingcommunicationsprofessionalwithover25yearsofversatile, multi-industryfunctionalandleadershipexperience.
She has been recognised as one of the 'Global Top 100 B2B Marketing Leaders in Technology' in 2021 released annually by the global business leadership community. She has also been recognized by the prestigious 'Women in Marketing CommunicationsConference'(WIMCA),as'OutstandingFemaleMarketingProfessionalfortheYear'in2020;oneofthe'Top 50WomeninMarketingCommunication'in2020byBrandCommunicator;'MarketingPersonalityoftheYear'byMarketing Edge; and special recognition amongst the 'Top 50 Marketing Professionals in West Africa' at the 7th edition of the annual MarketingWorldAwardsheldinAccra,Ghana.
Herpassionatesupportforwomenempowermentandthegirlchilddevelopment,hasalsoseenEromoselenamedasoneof the 100 Most Inspiring Women in Nigeria by 'Leading Ladies Africa', a compendium honouring phenomenal Nigerian women.
Before joining Interswitch, Cherry worked with Diageo where she progressed through the ranks to become Marketing Manager, Guinness Brands. She later joined MTN as Senior Manager, Segment Marketing, and later GlaxoSmithKline (GSK) asHeadofMarketingforNutritionals
She has completed executive programs from Columbia University, Cranfield University, Wharton Business School, Kellogg Business, and The Fintech Program at Oxford University Business School. A fellow of the Nigerian Institute of Marketing, CherrygraduatedwithadegreeinBiologyfromUniversityofBeninandisanalumnaoftheSeniorManagementProgramme (SMP52)ofLagosBusinessSchool.
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The U.S.-Africa Trade Council has announced the appointment of Imal Silva as Regional Director of Agribusiness – West Africa. According to a statement received by NewsmakersNG, Imal will provide regional leadership and strategic guidance and direction, in the programs, policy, and strategic effortstoimprovetheagribusinesstradetrafficbetweentheUSandAfrica.
Imal is Co-founder, SILADE Agro Clubs, a business and technical development company in the agroalliedspace.HeisChairman,BoardofDirectors,TaprobaneMedicalCenters,PrincipalPartneratImal Silva and Partners (a Business and Investment Advisory firm), and Co-founder at Initiative for Sustainable Development. He is a member of ICT Thematic Group and Nigerian Economic Summit Group.
A graduate of Biochemistry at the University of Ibadan, Imal also studied entrepreneurship at the Enterprise Development Center, Pan-Atlantic University. He is an alumnus of Agribusiness Management Programme (AgMP 16) of Lagos Business SchoolwhereisheisavisitinglecturerinUrbanandHomesteadFarming.
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AGMP 16
U.S.-Africa Trade Council Appoints Imal Silva as Regional Director of Agribusiness – West Africa
he EMBA 6 class donated packs to 100 widows at the
TGoldencrest Family Centre in Ketu, Lagos. The donation was done in memory of one of their classmates, Onyeka Anyene and his family, who lost their lives in the Dana air crash. The promoter of the Goldencrest Family Centre, Mrs Agatha Chukwura, expressed their sincere gratitude to the class for their expression of love, keeping their classmate and his family in evergreen memory. The donation was carried out at the 10-year mark of the crash. May thesoulsofthedepartedrestinpeace.
December 19, 2021. The proud parents are Nicholas & Chika Ama Out (FTMBA 10). Chika is currently a member of the Executive Council of Lagos Business School Alumni Association (LBSAA). Congratulations! We look forward to welcoming Kesiena Chikamso for his MBA in the future!
Class Notes
EMBA 6
FTMBA 10