Tunji-Ojo’s magic wand

President Bola Ahmed Tinubu GCFR has made numerous appointments as the President of Nigeria, but one choice stands out as particularly astute: the selection of Hon. Olubunmi Tunji-Ojo as Minister for Interior. For President Tinubu, Olubunmi represents a vital asset, bringing youthful energy and intellect to the complex task of managing Nigeria’s affairs since his appointment in 2023. Despite being one of the youngest members of the cabinet, he has demonstrated that effective leadership and capability are not solely determined by age. If there is a strong commitment to deliver results, even the youngest leaders can achieve significant impacts.

Since taking on his role, Olubunmi has made remarkable strides in transforming the Ministry of Interior, effectively rewriting the narrative surrounding its operations. His efforts have positioned him as a pivotal figure in the administration, closely aligned with the Renewed Hope mandate aimed at revitalizing Nigeria. Under his stewardship, the nation has seen substantial improvements in immigration processes. Several innovative ideas have been implemented, streamlining what was once a cumbersome and often frustrating system.

For instance, the introduction of E-gates at Nigeria’s airports has facilitated the swift collection of passports, while a contactless application process greatly enhances user experience. Additionally, the simplification of visa categories for investors and tourists has significantly bolstered Nigeria’s appeal as a destination, fostering a more inviting environment for economic growth and tourism. These initiatives represent a remarkable turnaround in Nigeria’s immigration landscape, reflecting positively on Olubunmi’s leadership.

Skeptics who initially doubted his capabilities are now left acknowledging his impactful reforms, which have garnered international recognition for Nigeria. To further ease the passport application process, Olubunmi has successfully partnered with a private investor to establish a state-of-the-art passport printing facility within Nigeria. This innovation is anticipated to produce over 500,000 passports daily, effectively eliminating the previous reliance on foreign production and reducing wait times for citizens.

Moreover, Olubunmi has prioritized national security by collaborating with data agencies to bolster safety measures in alignment with global standards. By implementing new protocols for documenting individuals entering and exiting the country, he is actively countering terrorism and enhancing the overall security framework. These improvements have not only elevated the perception of Nigeria on the global stage but also reinforced the value and integrity of the Nigerian passport.

As he continues to receive accolades for dismantling bureaucratic barriers within the Ministry of Interior, Olubunmi has also faced resistance from individuals reluctant to embrace change. However, he has resolutely communicated that those attempting to undermine his initiatives will be held accountable and removed from their positions. Sources indicate that the Akoko-born former lawmaker remains undeterred in his mission, focused on achieving a transformative turnaround for Nigeria, ensuring that the nation adopts a more cosmopolitan perspective on the global landscape.

NBC champions circular economy at summit

Nigerian Bottling Company, a consumer packaged goods company and member of Coca-Cola Hellenic Beverage Company, has reaffirmed its leadership in driving circularity and environmental sustainability by sponsoring a session at 31st Nigerian Economic Summit in Abuja.

The session: ‘Driving Industrialisation Through Circular PET Packaging: Unlocking Nigeria’s Green Economy,’ brought together senior government officials, regulators, and industry leaders to explore how circularity can accelerate industrial growth, create jobs, and power Nigeria’s transition to a green economy.

Senator John Enoh, minister of State for Industry, Trade and Investment, lauded the Coca-Cola System for its sustained leadership in recycling and packaging recovery. He described the company’s efforts as a model for how private sector innovation can complement government action in advancing sustainability.

‘In January, I was in Lagos at NBC’s packaging waste collection hub in Apapa,’ he said. ‘That initiative, with efforts like the National Automotive Design and Development Council’s End-of-Life Vehicle Regulation, speaks to the commitment to redefine our landscape, where manufacturing and sustainability intersect, and where industry is not just about output, but also about impact.’

He highlighted the government’s work to create enabling frameworks that support recycling and green manufacturing sectors. ‘The 20th-century model of produce, consume, and discard has run its course,’ he said. ‘The circular economy offers a new path; one where what used to be waste is transformed into opportunity, and developmental challenges are engines for new industries.’

Following the keynote address, the session featured a fireside chat with the Minister and a panel discussion with thought leaders and policymakers, including, Hon. Shehu Wada Sagagi, Commissioner, Ministry for Commerce and Investment, Kano State; Engr. (Dr.) Bahijjahtu Abubakar, FNSE, Director, Department of Pollution Control and Environmental Health, Federal Ministry of Environment; Prince Adeyemi Adeniran, CEO, National Bureau of Statistics (represented by Ms. Christie Umuna, Head, Energy and Environment Statistics Division); Mr. Basheer Abdulkadri, Director, Technical Services, Federal Ministry of Finance, and Chairman, Tariff Review Board (represented by Musa Umar, Deputy Director, Technical Services, Federal Ministry of Finance).

Through its nationwide collection hubs, strategic recycling partnerships, and community engagement programmes, the Coca-Cola System in Nigeria continues to advance its global commitment to collect and recycle the equivalent of every bottle or can it sells.

By fostering collaboration between government, industry, and civil society, the Coca-Cola System is helping to shape a sustainable circular economy that supports livelihoods, protects the environment, and drives inclusive industrial growth across Nigeria.

Lagos: Zero tolerance for unapproved developments non-negotiable

The Lagos State Government reiterated its zero tolerance for illegal and unapproved developments within the Trade Fair Complex, Ojo, pending full compliance with planning regulations and the attainment of a safe, orderly, and sustainable physical environment.

Commissioner for Physical Planning and Urban Development Dr. Oluyinka Olumide

Said over time, the Trade Fair Complex has degenerated into an enclave of haphazard and unsafe structures, posing grave risks to public safety and emergency response.

In line with Sustainable Development Goal 11 – ‘Make cities and human settlements inclusive, safe, resilient and sustainable’ – and the State’s T.H.E.M.E.S+ Agenda, the Lagos State Government is acting strictly within its constitutional and statutory mandate, as derived from the Nigerian Urban and Regional Planning Act 1992, as domesticated by the Lagos State Urban and Regional Planning and Development Law 2019, and reinforced by the Supreme Court Judgment of 2003 (Attorney-General of Lagos State v. Attorney-General of the Federation).

These legal instruments, Olumide said, empower states to regulate physical development within their territories, including federal lands, except for areas under exclusive federal use such as military formations.

He said: ‘For clarity, land ownership and title are not in contention at the Trade Fair Complex. The ongoing enforcement focuses solely on the approval status of physical developments, as every structure in Lagos State must obtain a valid planning permit from the Ministry of Physical Planning and Urban Development in accordance with the law. The attention of the Lagos State Government has been drawn to attempts by certain political actors, particularly of South-East extraction, to misrepresent facts and discredit the ongoing enforcement at the complex. Such actions are populist, ill-motivated, and aimed at scoring cheap political points, rather than advancing the cause of public safety and sustainable development.

‘The administration of Mr. Babajide Olusola Sanwo-Olu remains firmly committed to promoting an orderly, inclusive, liveable, and sustainable physical environment. This commitment underpins urban renewal and redevelopment efforts across the state, which have necessitated the removal of illegal structures in several locations, including:

Pelewura and Bombata markets on Lagos Island, LSDPC Low-Cost Housing Estate, Ilasan in Eti-Osa, Otumara market in Ebute Metta and Oluwole Market, Lagos Island (predominantly occupied by Yoruba) and Alaba Rago, occupied by Hausa traders.

‘Furthermore, it is on record that several states in the East such as Abia, Anambra, Ebonyi and Imo have also embarked on demolition of identified illegal structures for the purposes of flood control mitigation efforts, urban renewal or master plan enforcements. All carried out by the respective governors without taints of ethnic coloration attached. Why should that of Lagos State be different?

‘It is, therefore, disingenuous and divisive for anyone to resort to ethnic sensationalism whenever enforcement actions involve structures owned or occupied by individuals of Igbo extraction.’

Olumide said Lagos State Government will not be drawn into political grandstanding and urged those fanning ethnic sentiments to desist and instead focus on addressing the pressing socio-economic issues within their constituencies.

‘The actions of the Lagos State government are always guided by the Law. All developers and occupants of structures within the Trade Fair Complex are hereby given a two-week ultimatum to approach the Ministry of Physical Planning and Urban Development to regularise the approval status of their buildings in line with extant regulations,’ he said.

NIPOST marks World Post Day in Enugu, reaffirms commitment to service delivery

The Nigerian Postal Service (NIPOST) on Thursday joined the rest of the world to mark the 2025 World Post Day with a colourful celebration in Enugu.

The service also reaffirmed its commitment to connecting communities and enhancing service delivery across Nigeria.

The event, which featured a march by postal workers from Frie Service to New Haven, Ogui Road and other parts of the Enugu metropolis, brought together postal officials, partners, and members of the public.

Speaking during the ceremony, the Enugu State Postal Manager, Dr. Chris Uzoma Ashiedu, said this year’s theme, ‘#PostForPeople: Local Service, Global Reach,’ underscores the post’s role in linking local communities to the global network of communication and commerce.

Ashiedu explained that World Post Day, celebrated annually on October 9, commemorates the founding of the Universal Postal Union (UPU), the United Nations agency that regulates postal operations worldwide.

He said the celebration serves as a reminder of the post’s contributions to social and economic development, while recognizing the dedication of postal workers who keep the network running efficiently.

Highlighting recent achievements under the Postmaster-General, Ms. Tola Odeyemi, Ashiedu noted that NIPOST had exceeded ?10 billion in revenue, digitalized operations to improve service delivery, and signed partnerships with organizations such as SMEDAN to reduce logistics costs and support small businesses.

He assured that NIPOST would cont?inue to innovate and expand its services – from mail and courier delivery to financial services and the National Addressing System – to better serve Nigerians.

‘NIPOST remains committed to bridging geographical divides and fostering global unity through efficient postal services,’ Ashiedu said.

Verdant Zeal’s 2025 Innovention series to ignite Fintech talks

Leading Marketing Communications Group, Verdant Zeal Group Limited, is set to host the 13th edition of its flagship ‘Innovention Series’ with the theme: Fintech and Inclusion: Pushing the Boundaries for Economic Growth in Nigeria.

Scheduled for Tuesday, October 28, the virtual event is billed to foster thought-provoking conversations to help shape Africa’s socio-economic development.

Since its inception in 2012, the Innovention Series has served as a trusted thought-leadership platform for challenging conventional thinking, interrogating Africa’s development trajectory, and uncovering transformative ideas that drive progress.

This year’s edition, with the overarching theme: Fintech and the Digital Economy, will spotlight the role of Fintech and the digital economy in shaping Africa’s future – bridging the gap between invention and innovation, fostering financial inclusion, and positioning the continent as a strong player in the global digital ecosystem.

Erudite scholar and boardroom technocrat, Dr. Segun Aina, who also is the President of Africa Fintech Network, will lead the conversation for this year’s event as the keynote speaker. Renowned for his thought leadership in the digital finance sector, Dr. Aina will share insights on how Fintech can serve as a transformative tool for deepening inclusion and driving sustainable growth.

The event will also feature a Fireside Chat session with Dr. Ogho Okiti (CEO of ThinkBusiness Africa), and Mrs. Aderonke Shogbola (Senior Manager, Business Intelligence and Analytics at eTranzact). Both speakers will unpack key issues around policy frameworks, data-driven innovation, and scaling fintech solutions for impact.

The Executive Vice Chairman of Verdant Zeal Group and Convener of the Innovention Series, Dr. Tunji Olugbodi, noted that the 2025 edition comes at a defining moment in Africa’s digital transformation journey.

‘For over a decade, the Innovention Series has championed conversations that push boundaries and inspire action. As we explore fintech and the digital economy, our goal is to create a space for collaboration – where policymakers, innovators, and investors can chart a future that is inclusive, technology-driven, and distinctly African,’ he said.

The Verdant Zeal chief added: ‘Fintech is redefining the way Africans access and use financial services. By embracing innovation, collaboration, and smart regulation, we can build inclusive systems that empower individuals, drive entrepreneurship, and create jobs at scale.’

This year’s Innovention Series seeks to inspire shared understanding, promote optimism, and accelerate Africa’s journey toward a digitally empowered future.

It also underscores Verdant Zeal’s commitment to promoting narratives of African resilience, optimism, and opportunity through meaningful conversations that drive change.

Chukwuerika Achum expands business empire

Aviation business magnate Chukwuerika Achum, the founder of Falcon Aero, is determined to elevate his aviation enterprise beyond conventional limits. Established in 2022, Falcon Aero is the parent company of several subsidiaries, including VivaJets, FlyPJX, and CharterXE. The company has successfully obtained a Nigerian Air Operator Certificate, enabling it to provide a comprehensive range of services, including aircraft chartering, management, and acquisition. These services are tailored specifically for executives, businesses, and high-net-worth individuals seeking efficient and luxurious air travel.

VivaJets, one of Falcon Aero’s core subsidiaries, has already logged over 2,000 flight hours since its inception, showcasing its operational viability and commitment to quality. With ambitious plans to expand its fleet, the company is set to welcome two additional aircraft this year, further solidifying its position in the competitive aviation market.

In a strategic move to bolster growth, Chukwuerika Achum has secured a significant $10 million financing facility for VivaJets. This deal, orchestrated in collaboration with London-based TLG Capital and Wema Bank, marks one of the few internationally structured aviation financings for a Nigerian air operator. The funding announcement, released through The Condia website, is a vital step towards fulfilling VivaJets’ aspirations to retire existing debts, expand its aircraft fleet, and enhance its role as a key player in connecting regional hubs throughout Africa.

The financing arrangement is designed to provide VivaJets with the flexibility needed to enhance operational efficiency and elevate customer service while simultaneously reducing interest expenses. As stated by industry insiders, ‘In the aviation sector, access to long-term financing denominated in U.S. dollars is critical.

This facility enables the company to clear past financial obligations and focus on delivering a seamless, reliable travel experience for clients across the region.’

Chukwuerika Achum’s dedication to creating a pan-African aviation platform has positioned Falcon Aero as a premier private air travel provider within the region. With aspirations to extend its influence beyond Nigeria, the company has chosen Rwanda as a launch point for its upcoming regional operations in East Africa. In addition to bolstering its aviation services, Falcon Aero integrates business incubation and tech ventures through entities like The Adrenalina and Instig Labs. This multifaceted approach not only supports travel but also fosters entrepreneurial growth across the continent, creating a broad and dynamic platform for diverse business opportunities.

Confessing to cheating can destroy families – Tejubabyface

Comedian and podcaster Teju Oyelakin, popularly known as Tejubabyface, has reaffirmed his controversial stance on infidelity and confession in marriage, arguing that confessing to cheating could destabilize not only a relationship but an entire family.

Speaking on his podcast, Tejubabyface dismissed the widely held belief that ‘the truth always comes out’ in cases of infidelity, calling it ‘TV logic.’

‘People always love to say that one – the truth always comes out eventually. No, it doesn’t. That’s TV logic. That’s Days of Our Lives logic. Superstory logic. In real life, most affairs never come to light. Do you know how many people have taken secret affairs to their graves?’ he said.

He further argued that even if such secrets eventually surface, it would be less damaging compared to an immediate confession.

‘And even if it does come out years later, at least you had those years. The kids grow up in a stable environment, and your wife has peace. If she discovers it 10 or 15 years down the line, she can decide what to do then. But confessing immediately only destroys everything,’ he explained.

Tejubabyface added that confession often serves to ease the guilt of the unfaithful partner rather than protect the marriage, leaving the innocent spouse to bear the emotional burden and the aftermath of betrayal.

AHCN canvasses options for housing sector

As Nigeria marks World Habitat Day 2025, the Association of Housing Corporations of Nigeria (AHCN), led by its President, Eno Obongha, has called on governments to take bold steps toward addressing challenges confronting the housing sector.

Delivering the State of the Nation’s Housing Address themed ‘Urban Crisis Response’ in Abuja, Obongha described the situation as an unfolding urban emergency that has left millions of citizens struggling with unaffordable rents, the rapid expansion of informal settlements, and deteriorating living conditions in major cities.

‘The global economic crisis, which has culminated in inflation and a high cost of living, has taken a toll on our urban centres, with many city dwellers facing severe financial challenges. The loss of jobs and rising unemployment among the youth have resulted in unstable incomes and the inability to pay rent,’ he said.

Obongha further urged the Federal Government, state governments, and other relevant agencies to take swift, practical action to bridge the country’s housing deficit. He also emphasized the need for proper harmony and synchronization between state governments and the Renewed Hope Housing Agenda to elevate housing delivery nationwide.

‘The Renewed Hope Housing Agenda needs to be properly harmonized and synchronized with state governments, using state housing corporations as agents of delivery to take the agenda to the next level. This will no doubt open up the economy and help drive our recovery by creating employment opportunities for our teeming unemployed youth. Our young people deserve a future free of uncertainty. We envision a new Nigeria where housing becomes the engine of economic growth and that dream is achievable if harmonization is well coordinated and executed.’

Addressing the recurring issues of building collapse, demolition, and illegal construction, Obongha underscored the importance of enforcing building regulations and securing proper approvals before any construction work begins to prevent disasters.

‘Most of the buildings that collapsed were constructed without approval. Some had fraudulent approvals, while others were built on flood plains. The Town and Country Planning Law specifies zoning for buildable and non-buildable areas, but many people, out of frustration, ignore these rules and later face demolition or flooding. Regulations must be strictly enforced,’ he cautioned.

The AHCN, however, commended President Bola Ahmed Tinubu and the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, for the ongoing reforms under the Renewed Hope Housing Programme, which has delivered more than 10,000 housing units across 14 states and the FCT in just two years, a milestone the association noted surpasses the previous administration’s eight-year record of 3,500 units.

Obongha also praised the reforms at the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA), noting that both institutions have expanded single-digit mortgage schemes, attracted over ?70 billion in private capital, and introduced new initiatives to enhance homeownership among Nigerians.

Concluding his address, the AHCN President called on the government to support ongoing housing initiatives through the provision of land banks, and to strengthen financial and institutional collaboration between the FMBN and the Family Homes Funds Limited (FHFL) in order to significantly reduce Nigeria’s housing deficit.

Kolade: A life of integrity, service and excellence

Dr Christopher Olusola Kolade, often called ‘Mr Integrity,’ passed away at the age of 92 on Wednesday. He was a teacher, broadcaster, corporate leader, diplomat, mentor, and moral compass.

Kolade’s life tells a story of character, courage, and unshakeable commitment to service.

Formative years

Born in Erin-Oke, Osun State, Kolade was raised in a home steeped in faith and discipline. From an early age, books, values and purpose defined him.

In the mid-1950s and as a young education officer under colonial rule, he taught and helped build the foundations of Nigeria’s educational system. That quiet beginning-rooted in discipline and service-foreshadowed the life of impact to come.

Voice of a nation

When Nigeria gained independence on October 1, 1960, the country needed not only leaders but voices. Kolade joined the Nigerian Broadcasting Corporation (NBC) in the early 1960s and rose steadily to become its Director-General from 1972 to 1977.

Those were turbulent years, yet under his leadership, broadcasting in Nigeria sought dignity, balance, and national coherence. He was not merely an administrator but a craftsman of public trust, shaping programming, mentoring broadcasters, and insisting that the airwaves serve the nation’s unity.

His calm authority, clarity of judgment, and moral steadiness became part of NBC’s institutional DNA.

Corporate leadership

In 1978, Kolade made a remarkable transition-from public broadcasting to the corporate world-joining Cadbury Nigeria Plc. There, he rose through the executive ranks to become Chief Executive and later Chairman of the Board.

His tenure remains a reference point for principled corporate leadership in Nigeria. He demonstrated that profit and ethics could coexist, and that accountability could thrive even in difficult times.

Colleagues recall his refusal to compromise integrity for expedience-a man for whom the right way mattered as much as the successful way.

Beyond Cadbury, he championed good governance across the private sector. He chaired the Convention on Business Integrity and other organisations devoted to transparency and accountability. His service as President of both the Nigerian Institute of Management and the Institute of Personnel Management further strengthened his reputation as a moral steward of the nation’s institutions.

Diplomat and builder of minds

In March 2002, the then-President Olusegun Obasanjo appointed Kolade as Nigeria’s High Commissioner to the United Kingdom.

For five years, he represented the nation with quiet grace, bridging cultures, deepening trade ties, and restoring dignity to Nigeria’s diplomatic image.

After his return, Kolade turned more deliberately to teaching and mentorship. From 1995 onward, he taught courses in Leadership, Corporate Governance, and Conflict Management at the Lagos Business School and the School of Media and Communication-both under the Pan-Atlantic University umbrella.

In 2009, he was appointed Pro-Chancellor and Chairman of the University’s Governing Council, and later served as Chancellor of McPherson University, Ogun State. Through these roles, he invested not only in structures but in minds. He believed education was the ‘long game’-a means to nurture generations of leaders who would place integrity above ambition.

Faith, character, and legacy

What defined Christopher Kolade most enduringly was his character. Across the decades, he was described as humble, gracious, and remarkably consistent. Even in advanced age, he remained dignified, modest, and uncorrupted by acclaim.

A devout Christian, he was Lay Canon Emeritus of the Cathedral of the Holy Spirit, Guildford, and a recipient of the Order of St. Augustine medal from the Archbishop of Canterbury in 1981.

His faith found expression in service: through the Christopher Kolade Foundation and the Christopher Kolade Centre for Research in Leadership and Ethics (CKCRLE), where he advanced education, youth development and public ethics.

He received the national honour of Commander of the Order of the Niger (CON) in 2000 and held honorary degrees from the University of Sierra Leone and McPherson University.

Yet these honours only confirmed what many already knew: that Kolade’s integrity was his highest decoration.

A statesman, moral guide

Kolade’s story is not merely a record of positions held; it is a lesson in moral citizenship. He showed that excellence need not compromise character, that leadership is service, and that influence rests not on titles but on trust.

His influence lives on in the institutions he strengthened-NBC, Cadbury, Pan-Atlantic University, McPherson University; in the students and mentees who embody his teachings in ethics and governance; in the foundations and research centres that continue to promote his ideals; and in public memory, which remembers him as a bridge across eras-colonial, independent, democratic-and as a compass through them all.

Final reflections

Christopher Kolade’s passing feels like the closing of a chapter in our national story. Yet he leaves behind pages of wisdom and a torch for others to lift. The fields he walked-education, media, business, diplomacy, civic ethics-are each richer for his footprints.

To honour him is to renew our own commitment: to a public life where honour matters, to institutions that serve people, and to young Nigerians shaped in both skill and conscience. The true memorial to Kolade will not be in monuments or medals, but in lives lived by his example.

Integrity was his language, service his signature, and excellence-tempered by humility-his lifelong creed.

Farewell, Christopher Olusola Kolade. The race is run, the course is true, and your light does not fade.

The strong voice for art, culture

The late veteran broadcaster, Christopher Kolade, was former Director-General, Nigerian Broadcasting Corporation (NBC).

Kolade, widely regarded as one of the architects of modern Nigerian broadcasting, spent decades shaping the airwaves and using them as tool to preserve culture, promote national identity, and set professional standards for the media.

He joined the NBC as West Regional Controller and rose through the ranks to become Director of Television in 1963 and Director-General in 1972. At a time when television was still in its formative years, he championed Nigerian content, insisting on programmes that reflected the country’s diversity and cultural depth.

Under his leadership, radio and television became vehicles for storytelling, with Yoruba theatre, Hausa folktales and Igbo music gaining nationwide attention.

In 1965, he initiated a folklore radio series that revived traditional stories for a modern audience.

During the civil war, he used music and drama broadcasts to promote unity, notably through the ‘Harmony Hour’ programme, which brought together different cultural sounds and voices from across the country.

He was known for his insistence on truth and integrity in broadcasting as he often reminded colleagues that the airwaves carried a responsibility to inform, educate and build trust.

He set professional standards that defined the golden era of Nigerian broadcasting, turning the NBC into a platform where culture and journalism co-existed.

His leadership went beyond Nigeria. Between 1973 and 1975, he served as President of the International Institute for Communications, advocating globally for media as a tool for cultural preservation and national development.

Kolade was also a strong supporter of the arts. He provided platforms for young playwrights and performers, including early works by Prof Wole Soyinka and other theatre pioneers. He saw broadcasting as more than news delivery- it was a cultural stage where art, music and performance could thrive.

Even after leaving the NBC in 1978, he remained a respected voice in media and arts. He later taught at Pan-Atlantic University and Lagos Business School, where he mentored young media practitioners and emphasized ethical storytelling.

His foundation, Christopher Kolade Foundation also supported cultural initiatives, theatre troupes and radio advocacy programmes, continuing his life’s work of linking art and communication.

In 2015, he published The Kolade Canons, a series of three volumes on African values, business and economy, nation building and ethics. The books also cover people, leadership and management.

The books, The Kolade’s Canons are published in three volumes containing what might best be described as Christopher Kolade’s ecclesiastical declarations over the last 40 years. The volumes contain first-class materials, based on highly cherished African values with foundations in universal principles, from a first-class mind.

This volume, Kolade’s Canons 2, focuses on Business and Economy, Nation Building and Ethics. Without sound ethics builders of lives, organisations or nations build on a false foundation.

The first volume, Kolade’s Canons 1, focuses on People, Leadership and Management.

In it he directs readers to enduring leadership principles which, if put into practice can lead to the transformation of individuals, enterprises and nations.

The third volume, Kolade’s Canons 3, is devoted entirely to Broadcasting, his second career start up.

The volumes are not textbooks but a collection of a refined gentleman’s speeches and teachings. They provide teachers, students, policy makers and policy executors deep insights to think and talk about, as well as test in the arena of practice.

The earliest papers date back 40 years, yet they remain relevant because they are principles-based; and because Dr. Kolade was also thinking for future generations. These publications were published by AuthorHouse.

Kolade: The diplomat

Kolade served as Nigeria’s High Commissioner to the United Kingdom from 2002 to 2007, earning widespread respect for his diplomacy as well as humility, and the integrity he brought to the high commission.

He came into the role with an established reputation for ethical conduct from his earlier career in broadcasting and at Cadbury Nigeria Plc.

He upheld this reputation during his diplomatic service, which many observers noted with respect.

Kolade showcased his expertise and integrity on the global stage, particularly during his tenure.

The late broadcaster was admired for how he carried Nigeria’s name abroad with dignity. His personal conduct was seen as an asset to Nigeria’s diplomatic image.

He worked to promote Nigeria’s interests abroad, leveraging his reputation for integrity and professionalism.

The former high commissioner to the UK was widely praised for his tenure’s emphasis on improving public service delivery, particularly for tasks like passport renewal, and for demonstrating ethical leadership through his personal simplicity and diplomacy. He fostered a more efficient working environment within the High Commission and earned widespread respect for his frugal and moral bearing.

Kolade’s primary focus was on delivering efficient, tangible services to Nigerians in the UK, rather than personal advancement or staff changes.

He streamlined processes, leading to significantly faster service delivery for tasks like passport renewal, which previously took months.

His tenure was characterised by his own simplicity and adherence to high moral standards, setting a positive example for his workers.

He was known for his effective diplomacy and respectful approach to his role.

The late Kolade’s distinguished career as a diplomat significantly enhanced the reputation of the High Commission leading to others adjudging him of representing Nigeria with distinction in the UK.

Footprints of a business, corporate governance colossus

He bestrode Nigeria’s business, corporate governance and human resources management space like a colossus. And when he passed on, aged 92 yesterday, elder statesman, diplomat, and boardroom guru, Dr. Kolade, sure left indelible marks on the sands of time.

The former Nigerian High Commissioner to the United Kingdom, who was globally acknowledged as the embodiment of ethical leadership, sat atop some of Nigeria’s largest and reputable corporations and institutions, where he became a study in business integrity, honesty, service, and excellence.

For instance, he was Chief Executive and later Chairman of Cadbury Nigeria Plc., Nigeria’s leading Fast Moving Consumer Goods (FMCG) company, specializing in confectionary and beverages. Today, Cadbury owes much of its reputation as a trusted consumer brand to Kolade’s strategic guidance, strong corporate governance, and business ethics.

Those who were privileged to work with him attest to his significant contributions to Cadbury in the areas of institutionalizing a process and system for human capacity development and empowerment, establishment of a pipeline for executive replacement, and instituting a culture and system for innovation research and development.

The renowned industrialist emplaced a robust management trainee scheme, an excellence awards scheme, and a system of formal and informal appraisals at Cadbury. He was also credited with creating a unique staff identification system that was uncommon in its simplicity and application and different from the focus on designations and functions.

Prior to his hugely rewarding charge at Cadbury, Dr. Kolade, who began his professional life as an Education Officer in the colonial era, worked as a broadcaster. He rose through the ranks, becoming Director General of the Nigerian Broadcasting Corporation. There, he championed professionalism and public-service values during a formative period for Nigeria’s media.

As a teacher, Dr. Kolade later taught corporate governance and human resources management at the prestigious Lagos Business School (LBS). The Erin-Oke, Osun State-born nonagenarian also taught leadership and conflict management at the School of Media and Communication (SMC), with company MDs, Chairmen and Directors as his students.

The LBS and SMC are schools of the Pan-Atlantic University, Lagos. Formerly a member of the university’s Governing Council, Dr. Kolade also served as Pro-Chancellor and Chairman of the Governing Council of Pan-Atlantic University. He also served as Chancellor of McPherson University, Ogun State.

A common thread that ran through Dr. Kolade’s career and stewardship was his knack for integrity, a trait that was evident in all the organisations he chaired, such as The Integrity Organisation Ltd GTE and The Convention on Business Integrity Ltd GTE. His dedication to integrity and ethical leadership was second to none, and will continue to be an inspiration for generations to come.

The Christopher Kolade Centre for Research in Leadership and Ethics (CKCRLE), launched in October 2013, is dedicated to transforming Nigeria and Africa through cutting-edge research in leadership and ethics.

The Centre empowers organisations to enhance performance and tackle critical challenges by promoting ethical leadership practices.

Dr. Kolade, who, in his lifetime, consistently insisted that leadership is a responsibility, not a privilege, was also the Founding Patron of the Nigeria Leadership Initiative (NLI), which cultivates values-driven leaders in Nigeria and abroad. And with a public life marked by competence without corruption, his sobriquet, ‘Mr. Integrity,’ has become a standard Nigerians will measure themselves against.

With a richly rewarding career that spanned broadcasting, business, diplomacy, higher education, and civil society, late Pa Kolade, easily Nigeria’s most principled public figures, also acquitted himself well in the public sector, where he was, for instance, appointed pioneer Chairman of the Subsidy Reinvestment and Empowerment Programme (SURE-P) in 2012 by erstwhile President Goodluck Jonathan.

He, however stepped down in 2013, citing the need to reduce energy-intensive commitments as justification. And that was when he celebrated his 81st birthday.

Other national and international organisations and institutions he led included The Nigerian Institute of Management, The Institute of Personnel Management of Nigeria, The International Institute for Communications, and The World Association for Christian Communication.

President Bola Ahmed Tinubu described Kolade’s passing as ‘agonising,’ saying he was ‘exceptionally brilliant, statesmanly diligent, and had unimpeachable integrity.’

He recalled his many humanitarian interventions through the Christopher Kolade Foundation, especially his support for sickle cell patients, a cause to which he donated a chunk of his earnings.

‘We must celebrate his life and legacy. He lived an exemplary life and immortalised himself in his uncommon service to our nation and humanity. He will remain an inspiration for us and for many generations. He was a representation of the true Nigerian, selfless and resilient,’ President Tinubu said.

Kolade The Artsman

The late Dr. Kolade is a man of many parts, one of which include the world of art.

The former High Commissioner to the Court of St James expressed his love for music at different fora.

In 2001, the National Council for Arts and Culture (NCAC) honoured him as one of the patriarchs of the culture community.

The late Dr Kolade’s love for the arts might have also stemmed from his days at the Nigerian Broadcasting Corporation (now the Federal Radio Corporation of Nigeria) where he rose through the ranks to become Director-General.

Until his demise, he was remembered for his professionalism, dignity, and insistence on ethical journalism while he was the DG.

The late Dr Kolade was close to the late Segun Olusola while they were alive. Their collaboration, it was said, helped lay the foundation for modern television and radio in the country.

Through the Christopher Kolade Foundation (CKF), which was launched in 1997, he rewarded individual achievement, innovation, and creativity in the field of music.

Naira rallies as FX speculations drop, reserves cross $43b mark

For years, speculative trading in the foreign exchange (forex) market posed a major setback for the Nigerian naira, discouraging capital inflows and weakening the domestic economy. However, that trend is changing – and for the better. After a turbulent past marked by significant value loss, the naira is now showing strong signs of recovery, thanks to a mix of structural reforms and renewed investor confidence.

This recovery is being attributed to a range of interlinked factors – from a growing demand for the naira to a marked reduction in speculative trading. Equally important is the consistent rise in Nigeria’s foreign reserves, which currently stand at $43.05 billion, signaling improved economic confidence. Central to this turnaround are the far-reaching forex reforms introduced by the Central Bank of Nigeria (CBN) under the leadership of Governor Olayemi Cardoso. These reforms are beginning to yield significant results, particularly in curbing speculative practices and closing the gap between the official and parallel market exchange rates. The CBN has also intensified its commitment to stabilizing the currency by increasing foreign exchange supply to retail end-users, minimizing distortions in the market, and maintaining effective foreign reserves management.

The injection of liquidity into the forex market, combined with rising compliance with regulatory policies, has helped to ease the pressure on the naira and restore investor confidence. This renewed confidence is attracting more foreign portfolio investments and encouraging the participation of international oil companies, both of which are contributing to greater forex inflows. There is also growing interest from foreign investors, supported by improved market transparency, a more efficient FX framework, and strengthening macroeconomic fundamentals. As a result, Nigeria’s external reserves have continued to rise. CBN Governor Cardoso recently disclosed that the gross external reserves stood at $43.05 billion as of September 11, 2025, compared to $40.51 billion at the end of July 2025 – providing an import cover of 8.28 months and reinforcing the growing stability of the naira.

‘Similarly, the second quarter 2025 current account balance recorded a significant surplus of $5.28 billion compared with $2.85 billion in first quarter of 2025,’ Cardoso stated during the 302nd monetary policy committee meeting held this week in Abuja.

FX speculations dip

A Bureaux De Change (BDC) trader based in Marina, central Lagos, Garuba Sarki, said many dealers lost huge funds as they sold below purchase rates as exchange rate gap narrowed. ‘I know some BDC operators that sold dollars below the purchasing rate. This is expected to continue in the weeks ahead. Also, the expected dollar inflows to the economy will help strengthen the naira position against the dollar,’ he said.

Analysts at Commercio Partners, attributed the rally and gradual narrowing of the exchange rate gap to a combination of stronger demand for the naira, reduced speculative trading, and improved foreign reserves. Head of Research at Commercio Partners, Ifeanyi Ubah, expressed optimism that the positive sentiment would be sustained in the near term, supported by increasing external buffers. ‘Nigeria’s rising external reserves are reflecting a healthier external position for the country. With reserves strengthening, speculative activity subsiding, and oil earnings supporting inflows, many market watchers believe the naira’s current rally has a stronger foundation compared to previous cycles of volatility,’ he said.

However, other experts caution that sustaining this momentum will depend on the government’s ability to maintain macroeconomic discipline, boost crude oil production, and diversify export earnings. President, Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, attributed the ongoing stability of the naira against dollar and other world currencies to the CBN’s policies. Gwadabe said key policies like the Foreign Exchange (FX) Code, rising investors confidence, and foreign direct investment supporting policies are effectively putting FX speculators in check. He said the FX Code implementation is comprehensively addressing various aspects of market conduct and practices. For instance, the policy authorises the CBN to establish and enforce directives regarding the standards for financial institutions under which FX deals are to be conducted.

Gwadabe said the code further entrenches transparency and accountability in the FX market, and continually sustain naira stability and rally. He also backed CBN’s position that all institutions engaged in the foreign exchange market must also provide the CBN with a detailed implementation plan outlining how they intend to achieve full compliance with the FX Code. This plans are expected to be formally approved and signed by the institution’s board of directors, and it must be accompanied by relevant extracts from the board meeting where the plan was reviewed and endorsed.

Cardoso, had at the launch of the Nigeria Foreign Exchange Code (FX Code), emphasised integrity, fairness, transparency, and efficiency as critical pillars for driving Nigeria’s economic growth and stability. He said that the FX Code was built on six core principles: ethics, governance, execution, information sharing, risk management and compliance, as well as confirmation and settlement processes. These principles, he explained, aligned with international standards while addressing the unique challenges within Nigeria’s foreign exchange market.

According to Cardoso, ‘The FX Code represents a decisive step forward, setting clear and enforceable standards for ethical conduct, transparency, and good governance in our foreign exchange market. The era of opaque practices is over. The FX Code marks a new era of compliance and accountability. Under the CBN Act 2007 and BOFIA Act 2020, violations will be met with penalties and administrative actions.’

Besides FX Code, the apex bank also introduced the Electronic Foreign Exchange Matching System (EFEMS), which has proven effective in other economies in enhancing the functionality of the foreign exchange market. The EFEMS was meant to check forex market distortions, eliminate speculative activities and instill transparency. The EFEMS, which is commonplace in developed and developing markets offers real-time information on currency rates, trading volumes, and market activity.

Additionally, the CBN lifted the 2015 restriction barring 41 items from accessing FX at the official market to enhance trade and investment. These reforms and developments reflect the bank’s commitment to creating an enabling environment for inclusive economic development. However, achieving macroeconomic stability requires sustained vigilance and a proactive monetary policy stance. Gwadabe, said the policy shifts showed the level of creativity, policy and hard work the Cardoso puts in ensuring that more forex flows into the economy and remain accessible to businesses.

How it started

Cardoso had upon assuming office in October 2023, prioritized reforms to rebuild Nigeria’s economic buffers and strengthen resilience. In the foreign exchange market, the apex bank faced a backlog of over $7 billion in unfulfilled commitments and a fragmented FX regime characterised by multiple forex rates, which had encouraged arbitrage opportunities. ‘Over the past year, we have undertaken critical reforms to unify Nigeria’s exchange rate, eliminating distortions and restoring transparency. This unification has enabled us to clear the outstanding foreign exchange obligations, giving businesses-ranging from manufacturers to airlines-the confidence to plan and invest in the future. To further enhance the functionality of the foreign exchange market, we are introducing an electronic FX matching system, which has proven effective in other markets,’ Cardoso said.

Foreign capital inflows to the domestic economy remains crucial elements in the drive to achieve monetary and fiscal policy stability. The apex bank is cultivating more sources of FX to increase dollar inflows, boost access to manufacturers and retail end users. From moves to boost diaspora remittances through new product development, the granting licenses to new International Money Transfer Operators (IMTOs), implementing a willing buyer-willing seller FX model, and enabling timely access to naira liquidity for IMTOs, the CBN has simplified dollar-inflow channels for FX dealers to boost business and economic growth.

Policies supporting remittances inflows

As part of its efforts to boost diaspora remittances and support naira stability, the CBN recently announced the introduction of two new financial products designed to serve Nigerians living abroad. The Non-Resident Nigerian Ordinary Account and the Non-Resident Nigerian Investment Account was created to streamline remittances, encourage investments, and foster financial inclusion among Nigerians in the diaspora. It said, ‘The Central Bank of Nigeria is pleased to inform the general public of the introduction of the Non-Resident Nigerian Ordinary Account and Non-Resident Nigerian Investment Account targeted at Nigerians in diaspora.’

The initiative is also expected to provide a secure and efficient platform for managing funds and investing in Nigeria’s financial markets. Since the beginning of this year, eligible NRNs have continued to get the opportunity to own any of the Non-resident Nigerian accounts. The Non-Resident Nigerian Ordinary Account was designed to facilitate remittances by allowing non-resident Nigerians to remit foreign earnings into Nigeria and manage funds in foreign currency or naira. Deposits from sources such as salaries, allowances, and dividends are supported, alongside spending on family maintenance, education, and healthcare.

On the other hand, the Non-Resident Nigerian Investment Account provides an opportunity for NRNs to invest in Nigeria’s financial markets, including foreign currency-denominated bonds, fixed deposits, and local assets like equities, government securities, and mortgage products. The CBN explained that both accounts offer currency flexibility, enabling holders to maintain balances in either foreign currency or naira. Account holders will also be able to convert funds between the two currencies at prevailing exchange rates through authorised dealers.

The CBN’s initiatives have supported continued growth in these inflows, aligning with the institution’s objective of doubling formal remittance receipts within a year. The remittances in the economy is expected to increase based on CBN’s ongoing efforts to bolster public confidence in the foreign exchange market, strengthen a robust and inclusive banking system, and promote price stability, which is essential for sustained economic growth. In a report: ‘Diaspora remittances: The power behind Africa’s sustainable growth’, Regional Vice President of Africa at Western Union, Mohamed Touhami el Ouazzani, said remittances may be measured through the movement of money, but their real impact is measured in lives changed. He disclosed that in 2023 alone, $90 billion flowed into Africa from its global diaspora, an amount that rivals the Gross Domestic Product of entire nations. He said that remittances symbolize deep ties that keep communities connected across borders. ‘Families with a breadwinner working abroad depend on these funds to provide vital support for day-to-day needs. They also build the foundation for broader financial stability,’ he said.

For remittances to be truly transformational, it begins with understanding and meeting people’s aspirations. Ensuring individuals who strive for more can send and receive funds, regardless of their financial status, is crucial. We must cater to diverse needs. ‘In a continent renowned for its entrepreneurial spirit, offering multiple channels for remittance access is key. Whether through bank accounts, digital wallets, mobile money apps, or cash pickups, this flexibility ensures that funds are delivered in ways that best suit local realities. Providing innovative and inclusive solutions empowers individuals to not only manage their immediate needs but also to invest in long-term growth opportunities,’ he added.