BusinessDay 24 Nov 2019

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Allen Onyema, Air Peace CEO, denies bank fraud, money laundering allegations …Says all money transferred went through CBN allegedly involving false documents based on the purchase of airplanes, has denied the allegations, saying all transactions went through the Central Bank of Nigeria (CBN). AirPeace Chief of Administration and Finance, Ejiroghene Eghagha, has also been charged with

IFEOMA OKEKE

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llen Ifechukwu Athan Onyema, chairman, CEO, and founder of Air Peace, a Nigerian airline, charged with bank fraud and money laundering for moving more than $20 million from Nigeria through United States bank accounts in a scheme

L-R: Yemi Lawal, Osun State commissioner for Sports and Youths Development; Olaonipekun Henry Olabode, commissioner for Commerce, Industry and Cooperative; Abraham Aziegbe, group head, Retail Operations, Access Bank PLC; Adegboyega Benedict Alabi, Osun State deputy governor, and Bolaji Aboderin, Access Bank’s regional sales director, South West, during the commissioning of the bank’s new branch in Apomu, Osun State… Friday.

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bank fraud and committing aggravated identity theft in connection with the scheme. “Onyema allegedly leveraged his status as a prominent business leader and airline executive while using falsified documents to commit fraud,” said U.S. Attorney Byung J. “BJay” Pak. “We will diligently Continues on page 4

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Despite many laws, private sector, government still deny persons with disability employment

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Vol 1, No. 290 N300

?? Union Homes’ REITS sheds N24.4m in 30 days

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P. 35 p 41.

viving the Yuletide in perilous times

OR-EWUZIE

y, in Nigeria, the Yuletide od is delicate. Always perilAt this period, there is always crease in crime rate in the of armed robberies, missing al purposes, kidnapping for e, all manner of corruption, usiness and now the latest on n harvest! also marked by increase in people commute from one ry to another. Observers and followed the performance of omy and its current negative ality of life of citizens express year’s Yuletide may witness e rate as people engage in all ward means to make money, ff or just to have minimum he festivities. already awash with unsavory happenings across the couney. On Tuesday, November ugu State Police Command unday Egbo, founder and of the Christ Mercy Ministry, n Nsukka Local Government for alleged rape and involveituals. o the report, Egbo had on 19, invited a female member his house under the guise crusade that was scheduled that day. He also asked the long with the picture of her prayers.

inside ExecutiveBookshelf

30 BDSUNDAY

that the parents started notifying friends and neighbours and everyone sprang into action, reaching out to their connections and

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“We have two high ranking policemen in our estate. They both sprang into action. The police using satellite connections located the position of the private number phone the victim used in calling his wife, saying that the phone call came from Abuja,” the eye witness said. “On November 6th, the victim’s father and a police officer flew to Abuja and met with the special force dedicated to the operation. They did their investigation and located the warehouse. They stormed the place on November 7th and fortunately the young man was among the less than six persons, who were rescued from the warehouse,” the eye witness stated. According to the eye witness, the police are Kidnappers for ransom and ritual killing still handling the matter but are suspecting the possibility of the kidnappers being involved in either ritual killing or organ harvesting. BDSUNDAY investigation shows that cases of armed robberies, burglaries, murder, attempted murder and serious assault tend to increase noticeably during festive season. Obviously, as Christmas approaches, there are those who perhaps, have sworn to “paint the city” and their villages red with huge amount of money, even when they do not have well defined means of livelihood. In Nigeria today, strange occurrences are on the increase as the year winds down. People perpetrating such are probably banking on human sacrifices and other mindless activities. Their target is usually their fellow frica Rise and Shine Central Bank to grant him a negatives and insists on getting human beings. be attributed to the high rate as of he had starts with a manibanking license even results. It is the philosophy thatThis can poverty, only and economic deprivation has refesto. “Africa’s chalten years of banking expefetched him success, and he resulted in the increased number of crime born Scenes of agony lenges over unsavory happenings may appearin Nigeria rienceinas the 20 years it produces it in this narrative. out of frustration the against country. believed that Technology there are usually indaunting to most, specified. played a Go with your guts. Ovia coun-Pundits crease crime rate in a country where economic but to those with the right encritical role in the rapid expansels that given a choice between deprivation persists because most citizens take trepreneurial vision, challenges sion of the bank. Its links to techintuition and the other approach to crime to survive. people areowed often driven to great always provide opportunities. to the interest of of rational analysis, he wouldAlso, nology lengths of desperation by poverty and this is a Poor infrastructure? The entrethe founder in the evolving ICT choose intuition. This holdermajor of cause of crime. The skyrocketing unemploymentecosystem rate in the countryas is another reasonas 1975 preneur sees that as a chance far back an MBA takes this heretical path youths take to support themselves. to leverage structural improveasto a crime student in the United States. against the teachings of business For instance, situations where one goes ments as a core component of That interest enabled schools deliberately and has through school and end up jobless for manyJim Ovia years is aplay clear reason people go into crime. a burgeoning brand identity. a role in the evolution of the results to prove it. Going with Therefore, Nigerians must be very vigilant Inadequate supply of electricity? Internet in Nigeria. He set up your guts does not mean to avoid and extra careful. Everyone must be safety The entrepreneur identifies such Cyberspace a pioneer inrationality. It is based on a strong conscious. Do not leave yourLimited, house without letting anyone know where you are going; do not a deficiency as a blank slate on ternet service firm and served as foundation of interest, passion, just follow anybody to anywhere you are not which a new electricity supply the first president of the Nigeria and focus on success. “Intuition familiar with; and avoid keeping late nights. Weeping and gnashing of teeth are rampant in Nigeria expert, who spoke with BDSUNcan be built.” Internet Group. The closed mind is closely connected with pas-A security DAY oncondition of anonymity, urgedNigeriZenith Jim Ovia destination, of a military minister of communision, inspiration, desire and that they remained 14 and per- the works at LekkiBank in an oilfounder servicing company. ans to be extra careful this time around, saying, sonshuman at the timeaspiration he called his parents using “On this enthralling fateful day, he went to work as tells the story of the that the first effort to achieve “Nothingcations should be meant taken for granted.” phone. unusual to follow a“This to usual but around lunchtimeand he told his colperiod is always hot. It has commencement rise of an unknown deploy satellites atalways Zenith Bank something “Where are you?” the parents asked, but leagues that he needed to rush to the bank been so, but I admit that the situation is getZenith Bank in what is atoGuide failed. Soon, the chair pathman that leads“No away the young answered, idea.” from the to carry out some transactions. Due traffic ting increasingly worse than it usedrevolving to be. The “How did you norm”, get there?” parents situation in Lekki, he left his carin and jumped to Entrepreneurship Nigeria. ofinministerial offices brought in accepted hethe submits. frustration the polity as a result of failure asked, but the young man answered, “No into a KekeMaruwa, popularly called KekeNaof government hasminister driven many people into His book is replete with testia new who listened and Zenith Bank, licensed in 1990, idea.” All he could recall was getting into the pep,” an eye witness narrated. taking dangerous decisions. I can tell you monials, guidance anddisappeared warnings Kekewas allowed the deployment. one of the banks that with the driver and one occupant. A birthed few Thereafter, the young man that poverty begets a lot of criminal acts,” the fromin thethat pointsector he boarded, the and getting didn’t returnthings home that day, such expert said. The technology was a critical on done in that the meters theaway boom following keke picked up another passenger. As soon his family declared him missing. This was “I would advise Nigerians to take their harsh of Command. business as the success factor and cutting edge liberalisation. At he a said time in the new passenger entered, to the reportedenvironment to the Lagos State Police security more seriously. Always tell people young man ‘cooperate’ and waved handkerHis parents didn’t tell anybody in the estate in Nigeria. for Zenith days. It im1990s, the country had over 100 your whereabouts. Do in notthe justearly leave your chief over his face, was the last he could because felt heis willpositive, be back or probably apartment without and people knowing where Thethey book opti- remember,” proved hastened processes banks. Thethat 2004 recapitalisation the victim told his parents. had a quarrel with his wife and wanted some you are going to. Be skeptical about everyone mistic and avoids dwelling on in the bank, drawing requirement brought the “Whose phone are you calling from?” thenumspace. and every invitation you receive this time andin more parents inquired. TheZenith young man said November 5, 2019 - six days after the the“On negatives and challenges customers. berfurther down to 25. survived make sure you do not find yourself among the phone fell off the pocket of one of the seyoung man’s disappearance, he called his strange faces.Banking Do not stay late night or engage of either setting up the bank or folklore has Zenith all the rationalisations. curity guards, adding that the guard unknowwife using a private phone number. He was in night parties. Even in religious circles, do not running Ovia accentuates Bank as the place with the meanThe Zenith ingly locked thefounder victims in theof warehouse withBank crying on theit. phone and said he didn’t know visit pastors or Imams in secret places, always his phone. where he was but thatdownplays they were about 24the of make your appointments with such people the positives, est rules and application. Readshares how he convinced the “So, it was the phone we were using to call them in a warehouse guarded by an armed open to people. Be conscious of people around ing Africa Rise and Shine all of our loved ones,” he added. And the phone security guard. you and do not engage in unnecessary visits. cut off. According to the victim, 10 out of the 24 that tough, and some would say Do so only when it is absolutely necessary,” Reports had it that it was at this point victims had been taken away to an unknown the security expert furtherHR said. approach comes inhumane,

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Sunday 24 November 2019

• Reviews • News • Interview • List Surviving the Yuletide in perilous The gutstimes to go with your gut in business

With Chido Nwakanma

d renewed threat from A lence in A/Ibom

e pastor took her to his house pretence that he was going eople, who were supposed the prayer session. But he 11pm and dragged the vicm, brought out a magic stone o kill her if she raised alarm,” ahman, state commissioner d. d to have ordered the female her clothes, but she refused, her, tore her clothes and

seized her pants, brassiere a small bottle and wanted to private parts, but she struged to the door and shouted, neighbours, who also invited ue her and arrest the pastor,” arrated. gbo confessed to the crime in newsmen, saying: “I actually in my house. I approached a Kogi State in my quest to be ive doctor gave me a small items, and asked me to folctions in order to become a

he paid the native doctor he coffin and flute. octor ordered me to do cerwhich I would get a Ghanal of money in my room. But the money did not come as had assured me.” many Nigerians are becoming ke money by all means. The oney now involves people of youth are as hungry as the a rat race. the story of the Enugu pastor, er incident of kidnapping that tober 30, 2019 in Lagos State. an eye witness, who shared social media, there was this lives in one of the estates in ea of Lagos with his wife but

Jim Ovia (2018), Africa Rise and Shine: How a Nigerian Entrepreneur from Humble Beginnings Grew a Business to $16billion. South Carolina: Forbes Books. ISBN: 978-1 -94663-340-8. 224pages

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The guts to go with your gut in business

The girl child and renewed threat ommand parade offenders

izarre r, with n Uyo, is step old. o of 7 3years knowlwhen m. youngold. He e after ser. He ed rubed rubter, he When I o sleep, and he

from gender-based violence in A/Ibom

right. It is both your creation and an extension of you. Its name and its very look and feel must be authentic to the world, as well as a source of personal pride. 8. Reward and recognition essential. “I knew that employees who were well-treated and felt valued would pass along that treatment to our clients.” 9. A business leader must not be afraid to spend money when it is prudent. 10. Do what is best for your business today, but at the same time be aware of what is coming down the line. Jim Ovia certainly shows as the book intended to create awareness about “the scope of unrealised business opportunities here” in Nigeria in broad strokes. Read between the lines. He succeeds in providing a Nigerian primer on business.

NAthANIEl GbAOrON, Jalingo

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ne person was said to have been killed by yet-to-be identified armed men at Tor Musa village along WukariTakum road in Wukari Local GovReach a niche audienceernment of Area of Taraba State. influencers through Executive Caretaker Chairman of WuBookshelf in BD Sundaykari Local Government Council, Daniel Adigrace confirmed the development to journalists in a telephone interview. Adigrace said the armed gunChen Sichang, president, China men Civil ambushed Engineeringthe Construction travellersCorporation (CCECC) and deputy secretary of Communist Party; Chen Fenjian, chairman, China Railway Construction Corporation (CRCC) and secretary of Communist Party (China); Babajide Sanwo-Olu, Lagos State governor, who of were coming to Wukari and Cao Boagang, managing director Overseas Business Department of CRCC, during the governor’s visit to the CRCC Headquarters in Beijing from Donga on a motorcycle, kill- State, recently. to discuss collaboration on infrastructural development of Lagos ing one woman, while the biker sustained serious injuries. But the Police Public Relations Officer, ASP David Misal in a telephone interview with BDSUNDAY said the victims were receiving treatment at a hospital in Donga. “Information available to me indicates that people travelling offenders, said the state police from Donga to Wukari were atcommand has declared ‘war tacked. against sexual predators and “I don’t have information other vices in the state”, adding about casualty figure yet, but I that no stone would be left un- was told the victims are receiving turned to rid the state of undesir- treatment. able elements. “Information about the attack “Parents should also make is still sketchy, but I will feed you haste in reporting every form withthat “Foraselections be credWhile addressing some Afri- magically gets 90percent of the details soon as Ito have IWOK (Lagos), SAMUEL of INIOBONG sexual harassment when ESE no- them.” ible; they must be free, fair and can leaders in a forum on what vote, because all the opposi(Yenagoa) & VICTORIA (Lokoja) Meanwhile, ticed, to the policeNNAKAIKE and other is mountpeaceful. tension All Nigerians must be makes credible elections and tion is locked up or can’t get on security agencies in the state ing in Dan-Anacha village in Gasable to cast their votes without true meaning of democracy, TV, is a democracy. Democracy n 2015, before the Nigeimmediately, as concealment of sol Local Government Area of the intimidation or fear.” Obama, said: “So, we have to depends on strong institutions, ria’s general these crimes has onlyelection, led to the the State following a directive bythe the elec- stop pretending that countries and it’s about minority rights To a large extent, then President of the United increase in violations,” he said. State Governor, Darius Ishaku tions were credible and cases of that just hold an election, where Statesissues of America, Barack Bringing of genderfor the immediate change of Continues on page 2 violence were minimal. sometimes the winner somehow Obama had reminded Nigerians based violence, including rape Government Secondary School and incest, to limelight has been Dan-Anacha to Kwararafa. made easier by FEYReP which is Local residents of the village championing the protection of said the name change was an

across as discipline and the pursuit of excellence. Nothing more. The bank introduced a highprofile Awards and Recognition scheme to reward those who survived the stringent regimen and excelled. Ovia calls it “success in championing an assertive style of management while cultivating a motivational climate.” Ovia established Visafone as a successful brand and later sold it to MTN. He provides the rationale for sale here both for MTN and Visafone. It is a classic of hard-nosed bargaining, negotiation and keeping emotions aside from the business. This entrepreneur invested heavily in real estate, with the successful Civic Center and the Civic Towers that is now an iconic landmark of the Lagos landscape. Africa Rise and Shine covers 30 chapters. It offers many nuggets that Ovia develops as chapter headings. Here are ten other learnings from Africa Rise And Shine. 1. It is not necessary to be born rich or in influential circles to succeed.

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2. Respond to adversity by cultivating the capacity to react. And overcome. 3. Never allow the perceptions of others to play a substantial part in your vision of yourself and your future. 4. It is imperative to rely on one’s instincts in taking stock of one’s capabilities and in evaluating a new business opportunity. 5. No matter how fertile the economy, specific rules apply regarding properly researching and evaluating potential venues and partners. 6. Negotiation cannot be learned from a script-it is different every time. Showing respect and understanding of the person with whom you are negotiating creates an underlying sense of trust -and trust is the rocket fuel of negotiation. 7. Take time at the very beginning to get your branding

One killed in Taraba as tension mounts in Dan-Anacha over name change

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usinessDay offers a fresh opportunity to speak to a niche audience with attractive demographics and psychographic characteristics. The platform is Executive Bookshelf every Sunday on BD Sunday. Executive Bookshelf is an interactive exploration of the world of books involving authors, readers, publishers, distributors and everyone in the book value chain. A major draw is My Book World featuring conversations with all these players. The goal is to promote interest in book reading in the country through shared experiences and conversations. Respondents are leaders whose opinions and choices of books would influence many individuals and groups. Editorial Board member Chido Nwakanma, adjunct faculty at the School of Media and

Communication, Pan Atlantic University, coordinates the section. Respondents have included the chairman of the Nigerian Governors Forum and Governor of Ekiti State, Prof Juan Elegido, vice-chancellor, Pan Atlantic University, Lagos, Mrs Bunmi Oke, former president AAPN and member of the 2014 Constitutional Conference, Patrick Okigbo 111, promoter of Enugu Town Hall Nkata Umuibe and Tony Onyima , former Commissioner in Anambra State and former Managing Director of The Sun newspapers as well as Ifeoma Malo, founder and head Cleantech Hub. Re a c h t h e a u d i e n c e o f young as well as senior citizens who love books, reading and enlightened discourse. The spectrum is broad, and the read wide. Enrich the conversation with your intelligent ads for a smart community.

Bloody elections, malpractices tainting Nigeria’s democracy

INEC must be removed from Executive control – Adebanjo Those instigating violence must be punished – Balarabe Musa Fake policemen did the havoc in Kogi, Bayelsa - IGP Insufficient manpower hampered police efforts - PSC

p. 37 fot, Uyo who sexually abused a 12-year-old girl when he sent her to buy him cigarettes only

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