The first stage of business growth is delivering awesome products to customers. Never begin a major growth phase until you can RETAIN customers. Otherwise, you will burn your money! At Tekedia Institute, we explain the grand business equation:
Great Company = Awesome Products + Superior Execution.
Register for Tekedia Mini-MBA (Jun 6 – Sep3 2022). It costs N90,000 ($170) before April 23.
The Nigerian Police Force (NPF) has announced a new plan it intends to use to curb the excesses of its personnel. The Force said hence, senior officers would be held responsible for the criminal actions of their subordinates.
On Saturday, the NPF public relation officer, Muyiwa Adejobi, said the thriving impunity in the Force is partly a result of superiors’ lenience in handling the misdeeds of their men.
“In a bid to reduce or possibly put a stop to extortion, harassment and brutality in the NPF, we will henceforth hold DPOs (divisional police officers) and Commanders responsible for the misdeeds of their men.
“In as much as we don’t promote vicarious liability, we have equally noticed that some superiors fail or lack the willingness and/or wherewithal to supervise and manage their men,” he said.
Adejobi explained that the leadership gap resulting from the insouciance of senior officers is not in tune with the leadership styles of the IGP and his repositioning drives, thus, counterproductive and condemnable.
The Nigerian police has a long history of brutality, corruption and extrajudicial killings among other ills.
In 2017, the World Internal Security and Police Index International, (WISPI) rated the Nigerian Police the worst in the world. A record it has failed to significantly redeem itself from.
In October 2020, Nigeria witnessed the most successful demonstration in its history – the End SARS protest – a movement triggered by incessant police’s brutality, extortion and malfeasance. The Nigerian youths, who are largely the victims of police’s action and inaction, had taken to the streets demanding a police reform.
Although the Special Anti-Robbery Squad unit was disbanded, the protest, which ended with a government sanctioned massacre of protestors, has so far, failed to achieve its aim as the NPF operations have continued unchanged.
Nigerians have accused the police hierarchy of benefiting from the nefarious activities, thus shielding guilty officers from punishment. The idea of holding divisional police officers, commanders and commissioners of police responsible for the offenses of their unit has long been advocated.
Thus, the move to implement the idea is believed to be a bold step in reforming the NPF, since it will force the police hierarchy, in a bid to protect their job, to shun impunity.
FUTO Alumni Association under the GTIP/GTEP Program is offering scholarships to FUTO graduates to attend Tekedia Institute Mini-MBA. I am a graduate of FUTO and truly honoured that the leadership of our alumni association considered our Institute. To all my seniors and juniors, thank you.
The FUTO Alumni Association is amazing; we remain the first alumni association with a tech hub where our young grads have access to create and innovate. as they transition from schools to markets. Ndubuisi Chijioke, our global president continues to lead. An entrepreneur, it was a magical moment when I joined him in a pre-convocation meeting with FUTO professors, as his company made generous donations to new departments in FUTO. He essentially gave them money to start operations!
FUTO graduates, apply here:
Eligibility criteria
Expression of interest closes on 30th of April 2022.
You’re FUTOites; you’re the best: continue to LEAD.
In May 2021, it was reported that a 21-year-old Dominic Ngene Joshua defrauded some investors over N2B using investment platforms. He asked his victims to invest in his companies, promising them that they would become shareholders in the company and get monthly returns on their investments.
We are still on the Chinmark case, the CEO Marksman Chinedu Ijeoma who is on the news to have (allegedly) defrauded his investors billions of Naira and he is still going about his daily business and now the recent (alleged) con-artist making the new who is (alleged) to have defrauded her investors over N500m is a 28 years old Imu Ovaioza Yunusa, who claimed to be an agricultural produce distributor.
Safe to say that if you want to get rich overnight in Nigeria don’t waste your time doing rituals or yahoo-yahoo or going into politics; just come up with an investment scheme and make up a “too good to be true” unrealistic return on investment/ profit margin for the prospective investors. Then, hire influencers to advertise and influence the investment platform for you.
Make sure you have an innocent look, appear to be rich, show off fake documents and wealth (after all nobody will verify or bother to check their authenticity), and sprinkle it with a dose of religion. Make sure you go around with cameramen to take quality pictures and videos for you to post on social media for your followers and prospective prey to see that you are doing well.
If you follow this process, believe me, that you are on your way to becoming an overnight billionaire; your prospective investors will gladly give you all their money without asking questions.
Marksman Chinedu played this game very well. He showed he is rich, always showing off unverified wealth on Facebook, then he added that he’s an empathic man and a philanthropist to his resume; he is always doing giveaways; he will always stop his convoy to give a random hawker on the street some bundles of cash.
He also showed he’s a religious man and a born-again believer too; he is always posting himself in church, praying, or in some religious gathering, then he came up with the (killer cliche) “all we have God gave us”. This swayed Nigerians into sending him their hard-earned money without verifying the genuineness of his person or his investment platforms.
Oviazo also played this game quite well too; she showed to be a philanthropist that runs a skill acquisition NGO, then she proved to know a lot about Agricultural products, then she was able to gather many followers on Facebook; although she didn’t add religion to her antics but she did add some sprinkle of emotional manipulations.
As for the 21 years old Joshua Ngene; his antics and mode of operation will be a story for another day because I just can’t make sense of it. Some of his victims claimed that they had no idea what they were doing when they were investing in his investment scheme, that it seems they were under some spells or some unexplainable spiritual influence.
Why people fall prey to these cheap frauds eludes my imagination. You fall for a cheap scam cooked up by a 21 years old who is still in secondary school learning in geography that “the earth is shaped like a ball”.
It’s all greed and “make money quick” syndrome that makes people fall prey.
Many Nigerians are gullible, greedy, and quick to believe everything and trust anyone. Quick to be carried away by what they see especially on social media platforms, quick to be swayed by social and peer pressure. The FOMO syndrome is a huge sickness in Nigeria and this is what these uneducated and backyard local fraudsters prey on.
“confido sed cognoscere” ( trust but verify). This popular statement is not for Nigerians. They trust blindly and are too lazy to verify or make some underground checks because if they do verify, some of the victims of this fraud wouldn’t have been a victim at all.
I know in counseling and therapy, blaming the victim is not permitted but it should be said that in this regard the victims always play a huge role in them getting defrauded and that should be pointed out.
If you really work hard for your money then you should verify, and carry out due diligence inquiry before you invest your millions of Naira into any investment scheme.
The national council of state has granted state pardon to former governors Joshua Dariye and Jolly Nyame of Plateau and Taraba states respectively, who are serving jail terms in jail for corruption. The governors were among the 159 prisoners pardoned by President Muhammadu Buhari at the presidential villa in Abuja.
According to a presidential source, the two former governors were pardoned on health and age grounds. It will be noted that both governors were jailed for misappropriation of public funds. If we recall President Buhari’s manifesto before he became president, he stated that he will fight corruption to the last and also jail corrupt officials, only for him to go contrary to his campaign promises. This recent pardon to 159 governors jailed for corruption has however dampened the morale of the officials of the anti-graft agencies.
These agencies, EFCC and ICPC have however accused the presidency of sabotaging the fight against corruption. It is more like a drawback to Nigeria’s fight against corruption. Once corrupt officials are occasionally pardoned, then it is imperative to say that corruption will continue to thrive in Nigeria because the law has been compromised. There is no strict punishment pelted out to corrupt politicians to serve as a deterrent to others who might want to follow suit.
Officials of the anti-graft agencies will however feel discouraged to go after corrupt officials and arrest them because it has shown that their efforts will in the end be in vain. I am perplexed as to why a president who came into power on the campaign of fighting corruption will do such an unthinkable act of pardoning highly corrupt governors who are already serving jail terms. This act is indeed a breach of the country’s constitution, with no regard for it.
Presidential pardon for corruption cases is inconsistent with the rule of law, and the public interest because it will undermine the principle of equality before the law. With his tenure almost over and his recent presidential pardon, the President has shown to Nigerians his ill stand against corruption.
Human Rights activist and lawyer, Mike Ozekhome has lashed out at the Presidency, as he lamented that such a callous pardon is a major setback to Nigeria’s fight against corruption. Mr. Ozekhome further disclosed that pardoning corrupt politicians has only validated to the public the perception of Mr. President’s administration’s lopsided corruption fight.
It is sad to note that in most of these cases of pardoned corrupt politicians, some anti-graft officials had to risk their life and friendship to investigate these Ex-governors, only for the President to carelessly grant them a pardon. Some have described the presidential pardon as inequity in politics, as people who embezzled public funds were pardoned, unlike those convicted of petty crimes were overlooked.
Displeased with the Presidential pardon, the socio-economic rights and accountability project (SERAP) have urged President Buhari to specifically withdraw the pardon granted to Ex. Gov. Joshua Dariye and Jolly Nyame are already serving jail terms for the misappropriation of public funds.
SERAP further disclosed that impunity for corruption will continue as long as influential politicians escape justice for their crimes. Nigeria indeed has a very long way to go in fighting corruption, because the presidency can even go against the Constitution not minding whose ox is gored, just to satisfy his political desires.
Handling corruption in Nigeria is indeed clearly political because it has shown that any government in power will do anything possible to ensure that their fellow party man is exempted from any punishment regardless of whether he or she has been convicted for a crime.