Business
Cadbury Nigeria @60 Fireside Chat With Dr Christopher Kolade: Here are the key points
Dr. Kolade also stressed the significance of prioritizing people and responsibility over status, citing a personal experience at Cadbury Nigeria.
Dr Christopher Kolade, the first indigenous CEO, Cadbury Nigeria Plc, has charged the company’s management and staff to live up to expectations in the discharge of their duties.
Dr Kolade gave the encouragement during a fireside chat to commemorate Cadbury Nigeria 60th Anniversary.
The former chairman, emphasized the importance of adhering to core principles, as a company does not perform better than its people.
He drew inspiration from Winston Churchill’s leadership during World War II, highlighting the need for leaders to adapt to changing contexts.
Dr. Kolade also stressed the significance of prioritizing people and responsibility over status, citing a personal experience at Cadbury Nigeria.
According to him, human capital aligns with the company’s commitment to sustainable growth and development.
The former CEO, who left the company 23 years ago, noted that,“people are the most important resource in the management of a business company.
Citing his personal life philosophy, he recalled that he begins with God the creator; proceed with Him; trust, follow and Obey Him daily and totally rely on Him for the outcome.
“Your responsibility leads to your status. Without responsibility no status. If you don’t know your responsibility people will push you to the wrong part,” he said.
The distinguished diplomat, academic and corporate leader, noted that change is inevitable but good principles remain constant.
“Times change -and so do many other things; Good principles remain constant. Leaders are tenants of time.”
The former CEO, who left the company 23 years ago, noted that,“people are the most important resource in the management of a business company.
“People look at status rather than responsibility..
He noted that every human activity faces at least four questions: the What, How, Who and Why.
He urged the audience to consider the following seven simple principles:
“This business company gives something to people.“People are seeking to obtain some value that they consider to be of appropriate quality and worth to themselves.
“People make business resources productive. “Each person can give or demand his/her best.
“People can usually do better because they can (desire to) learn and apply the fruits of learning.
“Success, failure and mistakes are learning opportunities.
“The Company does not perform better than its people.” He emphasised that people go the extra mile for the benefit of the company.
Business
Nigerian Lawmakers Demand Arrest of World Bank Official Calling for Reinstatement of Petroleum Import Licences
Declaring the unnamed World Bank official persona non grata, the Committee gave the Bank 30 days to issue a public retraction and written apology.
The House of Representatives Committee on Petroleum Resources (Downstream) has call for the dismissal and arrest of the World Bank official responsible for the April 7, 2026 Nigeria Development Update, which recommended the reinstatement of petroleum import licences.
The Committee described the recommendation as a reckless move capable of undermining Nigeria’s indigenous refining capacity.
In a formal resolution, the Committee condemned the World Bank report, which claimed that imported petroleum products are 12 percent cheaper than those from the Dangote Refinery.
It rejected the position as contrary to Nigeria’s national economic interest and an unacceptable interference in the country’s sovereign petroleum policy.
Declaring the unnamed World Bank official persona non grata, the Committee gave the Bank 30 days to issue a public retraction and written apology.
It further demanded that the staff member responsible for the report be relieved of their duties and subjected to investigation.
Business
Senate approves Tinubu’s $516.3m loan
The syndicated financing facility is being sought from Deutsche Bank, according to a letter of request Tinubu sent to the Senate last Thursday.
The Senate has approved the $516.3 million loan requested by President Bola Ahmed Tinubu.
The money will be used for the construction of the Sokoto-Badagry Superhighway (Section One, Phase 1A and B).
The approval was given on Wednesday after the Senate considered the report of its Committee on Local and Foreign Debts.
The committee, chaired by Senator Magatagarda Wamakko, recommended the approval of the loan.
The syndicated financing facility is being sought from Deutsche Bank, according to a letter of request Tinubu sent to the Senate last Thursday.
Business
Ibukun Awosika resigns from Cadbury board
The resignation takes effect from May 1, 2026, according to a statement signed by the company secretary, Afolasade Olowe.
Ibukun Awosika has resigned from the board of Cadbury Nigeria Plc, after more than 16 years of service.
The resignation takes effect from May 1, 2026, according to a statement signed by the company secretary, Afolasade Olowe.
The board expressed appreciation for her contributions since joining as a Non-Executive Director in October 2009 and noted that a replacement would be announced in due course.
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