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Young Business Elite, Juwon Lawal Razaq’s Masterstroke

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Juwon Lawal Razaq, a Nigerian-born businessman, portfolio entrepreneur, and global diplomat, has for some years, been a force in the business scene, a feat that has earned him several awards in recognition of his influence and footprint in entrepreneurship both in Nigeria and overseas.

 

Started out with almost nothing; usually the foundational story of most successful businessmen, Lawal is not only an inspiration in his chosen field, but his life also is. Records have shown that, from the beginning, he already knew where he was going. Thus, he motivated himself and rose to the top through courage, determination and desire. In a few years, he became an individual being celebrated at home and abroad.

 

Before he made a name for himself as an entrepreneur with the establishment of his chains of businesses, Lawal was creative and enterprising from a very early age. At a time when most of his mates did not know how to navigate the complexities to reach their goals in life, Lawal had already planned his future in his head. He had a clear vision of what he wanted to do in life. Hence, the founding of Africent Group, a multinational conglomerate with headquarters in Dubai, Logistics City and operations in West Africa, the United Arab Emirates, and the United Kingdom. Africent Group is a dynamic and innovative company that provides a wide range of services in Africa and promotes growth, development, and sustainability in various sectors across the continent. Africent Oil Commodities Co Ltd Nigeria is a leading provider of marine fuels and lubricants products. AfricentOCL Uk Ltd is a leading provider of vessels chartering services and marine rules brokerage. Eleven Ocean Ltd, the new venture, is a dynamic and forward-thinking company poised to make a significant impact in the fields of real estate and infrastructure development, investment in Nigeria, mining, drilling, and digital mobile money services.

 

That Lawal, within the few years of his foray into the business world, was recognized and accepted as a member of the prestigious Forbes Business Council, tells the story of his extraordinary passion and determination to reach for the moon. Today, he is steadily shooting himself beyond Africa’s shores as one of the crème of the young Nigerian business league. His success, despite all odds, is attributable to his unbinding belief that hard work pays, having shown the evidence of a man who is well versed in the art of making money.

 

Juwon Lawal Razaq was born in Kogi State, Nigeria, and grew up in Lagos. He embarked on his entrepreneurial journey at a young age by managing his father’s palm oil extraction business. Lawal holds a B.Sc in Business Administration and an MBA in Business Administration and Management from Ambrose Alli University, Ekpoma, Edo State. He has also received executive training in agribusiness from Harvard Business School. Additionally, Lawal is a soon-to-be alumni of Imperial College Business School in London.

 

The key to being a good business leader is how good you are with people. That fits in with Lawal’s philosophy of genuinely caring about his employees. He cares not just for fellow directors, but also for the junior staff, from cleaner, to the front desk officer, to the janitor. “It’s a quality that sets one’s image and business apart,” he would say.

 

Unarguably, Juwon Lawal Razaq’s success story is a lesson to many, especially youngsters who see him as a role model.

 

 

-Folorunsho Hamsat is the media relations publicist to Africent Group

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ACCESS BANK (SL) LTD STRENGTHENS LEADERSHIP TEAM WITH KEYBOARD APPOINTMENTS, NAMES NEW CHAIRMAN

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Access Bank Sierra Leone Ltd (‘Access Bank (SL) Ltd’) has announced the appointment of new executives to its Board of Directors (‘the Board’), further strengthening its leadership team and advancing the implementation of its growth and transformation strategy. These appointments also reflect the Bank’s commitment to fostering growth and development while maintaining the highest standards of governance and stewardship.

Joining the Board as Non-Executive Directors are Maurice Nathaniel Cole, Nsikak N. Usoro, Michala Mackay, Ibrahim Khalil Lamin, and Kolawole Augustine Ajimoko. The appointees boast a wealth of expertise from diverse sectors, including banking, telecommunications, corporate governance, compliance, and finance. Their combined
experience and vision will contribute to shaping the future trajectory of Access Bank (SL) Ltd. Cole will serve as Chairman, following the exit of Alice Marie Onomake and will bring his experience to the fore as Access Bank (SL) Ltd works to consolidate its market position and deliver value for all its stakeholders.

 

“We are thrilled to welcome our new executives to Access Bank (SL) Ltd,” said Ganiyu Sanni, Country Managing Director, Access Bank Sierra Leone Ltd. “Their leadership and vision will be invaluable as we navigate through challenges and pursue sustained success. We extend our gratitude to the outgoing Chairman, Alice Marie
Onomake, and Non-Executive Director, Aminata B. Dumbuya, for their dedicated service and contributions to the Bank.” Access Bank (SL) Ltd remains committed to excellence, transparency, and accountability as it embarks on this exciting new chapter. The Bank looks forward to leveraging the collective expertise of its leadership team to drive innovation, foster growth, and create lasting impact for its customers and communities.

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Federal Government to Audit N2.8tn Fuel Subsidy Request Submitted by NNPCL

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The President Bola Ahmed Tinubu led Federal Government has made its intention known to initiate a new audit of the N2.8tn fuel subsidy request submitted by the Nigerian National Petroleum Company Limited.

An auditing firm, KPMG has successfully completed an initial audit that resulted in a reduction of the claims from N6 trillion to N2.7 trillion.

The federal government is exploring the option of involving an independent audit firm or instructing the Office of the Auditor General of the Federation to authenticate the assertions put forth by the corporation concerning the government’s outstanding debt to the oil company. The current move will ensure transparency and also ensure financial discipline in disbursing government funds which is in line to the administrations quest to curb corruption.

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Access Holdings Vests 23.8 million Units of Shares on Senior Executives

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In line with the disclosure requirements of the Securities and Exchange Commission and the Nigerian Exchange Limited, Access Holdings Plc , Africa’s leading financial services group, has announced the award of 23.8 million ordinary shares to some of its senior executives and executives of  Access Bank, its flagship subsidiary. This is in pursuant of the terms of its shareholders approved Employees Performance Share Plan.

Bolaji Agbede, the Acting Group Chief Executive Officer of Access Holdings, Roosevelt Ogbonna, the Managing Director/Chief Executive Officer of Access Bank, and six others were vested with 23,883,790 units of the Group’s shares, worth a combined N427.13 million.

This was disclosed via notices duly filed with the Nigerian Exchange Limited on Tuesday.

According to the filings, Ogbonna got the highest amount of shares totalling 12,345,679 units and worth N220.37 million, having been traded at N17.85 per share.

Agbede was vested with 2,216,992 units of shares, valued at N39.795 million.

Other directors, who had shares vested include Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank, with 1,234,568 worth N22.16 million; Iyabo SojiOkusanya, Executive Director, Commercial and Investment Banking Division, Access Bank, with 1,691,308 at N17.95 per share. Her vested shares are valued at N30.36 million, and Chizoma Okoli, Access Bank’s Deputy Managing Director, Retail South, who got 1,728,395 units valued at N30.85 million.

Dr Gregory Jobome, Executive Director, Risk Management, and Hadiza Ambursa, Executive Director, Commercial Banking, were each vested with 1,728,395 valued at N30.85 and N31.02m respectively. Access Holdings’ Company Secretary, Sunday Ekwochi, was vested with 1,210,058 units of the Group’s shares worth N21.72m.

The shares were vested on May 3rd and May 6th.

The vesting of the shares is not a purchase or sale transaction in the context of the Exchange’s Rules.

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