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.

Published

1 month ago

February 20, 2025

OCHEFA

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.

Reps pass bill to give foreign investors Nigerian citizenship

The proposed legislation titled , “A Bill for an Act to Alter the Constitution of the Federal Republic of Nigeria, 1999 to include Citizenship by Investment as one of the classes of Citizenship in Nigeria, provide for the Acquisition of Nigerian Citizenship by Qualified Foreign Investors who meet Specified Investment Thresholds and for Related Matters (HB. 2059)” was sponsored by the, Benjamin Kalu, the deputy speaker and some other lawmakers.

Published

1 day ago

March 27, 2025

OhiBaba

The House of Representatives has passed a bill to give foreign investors Nigerian Citizenship for second reading.

Business Day reports that the bill Is among the constitutional amendment bills which the Green Chamber is considering.

In the explanatory memorandum of the Citizenship by Investment Bill, it seeks to alter the Constitution of the Federal Republic of Nigeria, Cap C23 Laws of the Federation of Nigeria 2004 to introduce a new class of citizenship known as Citizenship by Investment.

The proposed alteration aims to attract foreign direct investment by granting Nigerian citizenship to individuals who invest in the Nigerian economy above a specified financial threshold or in strategic sectors critical to national development.

Business

FG Directs MAN, NECA, FRCN to Review 10% Financial Reporting Levy

Oduwole said the timeline for the suspension would not exceed 60 days, adding that the government is committed to addressing the concerns raised by the private sector.

Published

2 days ago

March 27, 2025

OCHEFA

The Federal Government has temporarily suspended the implementation of 10 percent financial reporting levy imposed on public interest enterprises by the Financial Reporting Council, for the next two months.

This was in response to the requests by the private sector’s operators – the like of the Manufacturers Association of Nigeria (MAN), and the Nigeria Employers’ Consultative Association and Manufacturers Association of Nigeria (NECA) calling for the suspension of the FRCN Act, which imposes on non-listed entities. a 10 percent penalty on unpaid dues for every month of default, accumulating until full payment.

The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, announced the government’s decision at a Ministerial Consultative Meeting on the Financial Reporting Council Annual Dues for Public Interest Enterprises, yesterday in Abuja.

Oduwole emphasized that the government directed the Financial Reporting Council to pause in the implementation of the new annual dues.

She explained: ” A suspension request by the organised private sector would be in contravention of legislation duly passed by the National Assembly.

A pause is an administrative process simply to review, in line with what we discussed .

”Oduwole said the timeline for the suspension would not exceed 60 days, adding that the government is committed to addressing the concerns raised by the private secto

“We are a listening administration. The private sector has requested a range from three months to an indefinite suspension. We are not going to do that. So, at the most, 60 days is in my estimate.

“We are going to set up a technical working group comprising the FRC and the organised private sector who have formally written in, and this will be reviewed,’ she added.

Business

Police Investigates over N270m Thefts in UBA

CSP Benjamin Hundeyin, the command’s public relations officer, disclosed that the suspects conspired to illegally divert funds from domiciliary accounts into personal accounts before redistributing them to multiple destinations.

Published

4 days ago

March 25, 2025

OCHEFA

The Lagos State Police Command is questioning four officials of the United Bank for Africa (UBA) for alleged thefts of £138,924 (over N270 million) from international airlines’ accounts.

The fraud was uncovered when the bank detected unauthorized transactions and alerted the police.

The arrested officials include Shuaib Oluwatobiloba Olaleye, 27, who was arrested on March 12, 2025, in Ogun State, with a Toyota Camry 2012/2013 recovered from him. Oladunjoye Adegoke, 33, was arrested on March 13, 2025, in Victoria Island, Lagos, with a Toyota Camry (Pencil Light) recovered.

Austin Alfred, 38, Supervisor of the bank’s Trade Services Department, and Jude Uzobuaku, 36, a processor in the same department, were also arrested for facilitating the illegal transfer of funds to foreign accounts.

Police investigations revealed that the stolen funds were initially funneled into an account belonging to one of the suspects before being distributed to multiple other accounts to evade detection. Authorities are now working to identify additional accomplices and recover the remaining funds.

The suspects are in custody and will face prosecution as the investigation continues.

The police have urged the public to report suspicious financial transactions, reiterating their commitment to tackling economic crimes.