Jite okoloko biography books

On Monday, 22 October, African Leadership Academy (ALA) held a special memorial day called ALA African Heroes Day to celebrate the life of the late Osaze Osifo, a true ‘Unsung’ African hero.

Every few years, African Leadership Academy identifies an African leader who has led a remarkable life and contributed immensely to Africa, but whose great contributions may not be broadly known. ALA calls these leaders ‘Unsung Heroes’ of Africa, and hosts a day-long event to celebrate the life of these unsung heroes at the African Leadership Academy campus in South Africa.

The first African Hero ALA celebrated was Miko Rwayitare, a visionary entrepreneur who brought cellular technology to Africa. Miko also recognized that Africa’s problems must be solved by Africans and he conceptualized the creation of an “Academy of African Excellence,” a university that would bring together the brightest minds in Africa. Unfortunately he passed away before he was able to realize his dream.

Osaze Osifo was the second African Hero celebrated as part of ALA African Heroes Day. Osifo is considered to be a true ‘Unsung’ African hero at African Leadership Acadmey for his many contributions to Africa. ALA celebrated Osifo’s life and accomplishments to inspire the next generation of leaders at ALA by showcasing Osifo as a great African leader and role model.

Osifo served as the Managing Director and Chief Executive Officer at First Bank of Nigeria. He was the Managing Director and Chief Executive Officer at Ocean & Oil Holdings Ltd. and he also co-founded Travant Capital, an investment and advisory firm in Nigeria. Osifo was a banker, entrepreneur and financier who made a significant contribution to all the businesses he was involved in.

Aged 45, Osifo was said to have died in his sleep the morning of February 29, 2012, at the Transcorp Hilton Hotel in Abuja. The financial sector is said to have lost one of the best brains in the industry with the dea

When this deal is completed – and Wale’s group had already made initial deposit of over $400 million with complicated financial engineering in top gear to pay up the outstanding -Oando’s daily oil exploration would skyrocket from 4,500 mbpd to 50,000 mbpd, establishing it as the largest indigenous oil exploration company.

But this is not just happening by chance. Rather, Wale is well on his way to actualising his long held strategy of building “Africa’s first indigenous world-class energy company.”

With a market capitalisation of $2 billion and over a thousand staff, Oando is the first Nigerian company that is quoted not only in the Nigerian Stock Exchange but also on the Johannesburg Stock Exchange. With about 500 retail outlets in the country and about 120 km gas pipeline to aid its distribution, the small partnership set up in 1994 and that moved from his father’s garage to an office in a law chamber to become the nation’s leading indigenous energy company is certainly a study in entrepreneurial ingenuity.

But how did a young man in his 40s come to this outstanding wealth and achievements in so short a time? In Nigeria where corporate success stories are vilified and often tainted with, at times, sour-grape tales of underhand deals, or sarcastic sneers of proxy interests, weighty corrupt official leverage and so forth, it is easy to obscure the corporate ingenuity of local entrepreneurs, which our people can learn from. As Wale himself told Moky Makura in a profile, “There is a skepticism that borders on paranoia that you can’t actually have an African success story in business.” But the f

Notore Chemical Industries Plc listed N1.61 billion ordinary shares of N0.50 each at N62.50 per share a few weeks ago on the Nigerian Stock Exchange (NSE). At its listing price, this amounted to a market capitalisation of N100.63 billion.

The new listing has created some new billionaires and increased the valuation of already existing ones.

Here is a brief profile of the billionaires.

*Valuations are calculated using Notore’s closing share price on the NSE as at August 14, 2018.

Onajite Paul Okoloko

Onajite Paul Okoloko is the Group Managing Director and the Chief Executive Officer of Notore Chemical Industries Plc.

Mr. Okoloko was one of the founding partners of the Ocean & Oil Group, which was incorporated in 1994. He was the Managing Director and Chief Executive Officer of Oando Energy Services, an integrated oil service subsidiary of Oando, from 1994 to 2006. He is currently the Chairman of the board of directors of Midwestern Oil and Gas Plc.

Okoloko graduated from the University of Benin, Nigeria in 1986, with a Bachelor’s Degree in Economics. He is also an alumnus of the Harvard Business School OMP Programme (2008).

He has holdings of 4,218,670 or 0.21% stake in the firm, held through Okmine Global Ventures valued at N263,666,875.

Okoloko has an indirect stake of 400,308,279 shares in the company amounting to a 24.8% stake. At yesterday’s closing share price, this amounts to about N25 billion.

His total holdings in the company are thus valued at N25.2 billion. 

Michael Osime

Michael Osime graduated from the University of Lagos in 1981 with a degree in Actuarial Science. He also has an MBA from the Strathclyde Business School in Glasgow, obtained in 1985. He is a Fellow of the Chartered Institute of Stockbrokers.

He is the Managing Director and Chief Executive Officer of ICMG Securities Limited, a stock broking firm.

MichaelOsime has 25,309,439 shares or a 1.57% stake in Notore Plc. This amounts to a net worth