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It is your right to live wherever you want in Nigeria.

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View from UNILAG Guest House

You can live wherever you want in Nigeria.

One of the fundamental human rights every Nigerian enjoys is his or her right to live in any state or city in Nigeria of his choice whether or not he is from that region, state or city.

Every Nigerian has a right to peacefully cohabit in any area of their choice, you have the fundamental right to acquire properties in any part of Nigeria, build and settle in as much as you are complying with the local laws that rules that region.

Most Nigerians are not aware of this right. They really do not know that a Fulani indigene or a Kanuri born or a Hausa man has the right to move to any state in the eastern Nigeria, acquire a property, build and settle there with his family and carry out his business. It is his fundamental right to live in any city of his choice, so also an Igbo man, an Ijaw man or a yoruba, an Ogoni man have it as his fundamental right to move to any deep part of the Northern state, acquire a property or properties, settle there and run his business there.

Every citizen of Nigeria, irrespective of your skin, your colour, your sex, your tribe, your religion and your language has it as a Fundamental Human Right to acquire or purchase properties in any region, own properties in any state, live in any location of his choice within Nigeria, trade and carry out his business in any part of the country.

This right was duly provided in s.43 of the constitution of the federal republic of Nigeria, 1999 and it reads thus: Subject to the provisions of this Constitution, every citizen of Nigeria shall have the right to acquire and own immovable property anywhere in Nigeria.

Tekedia Mini-MBA Introducing Procurement Management As New Course

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He is one of the zen-masters when it comes to procurement management in Africa.. From Procter & Gamble, Diageo (Guinness Nigeria), MTN, etc to running one of the most important procurement management consulting firms in Africa, Harold & Co Procurement/Supply Chain Consulting, Harold Nwariaku is a supply chain and procurement management leader.

We have hours of video courseware where he has explained in great detail on how companies can build and deepen competitive advantages in the market through an efficient and effective procurement management playbook. It is a masterpiece flavoured with the nuances of the African market by an industry player.

Improve your procurement game plan and WIN unconstrained at Tekedia Institute.

Tekedia Mini-MBA >> learn from the best. Register for the Feb 2022 edition.

Ndubuisi Ekekwe To Teach Three New Courses in the Next Edition of Tekedia Mini-MBA

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Every year we revamp the curriculum of Tekedia Mini-MBA. We do that because markets are very dynamic and we need to ensure we add value to our learners. Besides other new courses coming from our global faculty, Ndubuisi Ekekwe will be teaching these three new courses in the 7th edition of Tekedia Institute Mini-MBA.

New Courses Coming to Tekedia Mini-MBA Edition 7 (Feb 7 – May 7 2022)

  • – 25 Startup Innovation Cases (10 Africa, 5 USA, 5 India, 5 China)
  • – Entrepreneurial Opportunity Geography and Winning African Markets
  • – Blitzscaling Business Ideas and Pursuit of Growth

The cost remains N90,000 or $170. Beat the early bird and register today

WeLab, Hong Kong-Based Fintech, Raises $240m, Acquires A Commercial Bank

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WeLab, a Hong Kong-based fintech company, announced Tuesday that it has acquired Bank Jasa Jakarta (BJJ), an Indonesian commercial bank after raising $240 million.

The unicorn has expanding presence in Asia and is planning to launch a digital bank to capture Indonesia’s enormous unbanked population in the second half of next year.

Per TechCrunch, a consortium led by WeLab has raised $240 million from existing and new investors, which the company claimed was the largest fintech funding in Indonesia this year. The capital will go toward acquiring BJJ’s stakes and “tech investments,” the company said.

WeLab was founded in 2013, and has since then scaled hurdles to become a leader in Asia’s financial market. By acquiring commercial banks, the fintech is setting up a new dynamic in the finance industry.

The consortium, called WeLab Sky, will acquire the stakes of BJJ to become its sole controlling shareholder. WeLab Sky has already bought a 24% stake in the bank, while the remaining shares for majority control will be transferred upon securing regulatory approvals, according to TechCrunch.

WeLab ventured in to Hong Kong with its digital bank last year with a host of services. The company currently operates a suite of consumer fintech products across Asia, including the virtual bank and a lending product in its home city, as well as several types of lending services in mainland China and Indonesia. It also provides technology “enabling” services to traditional financial institutions with the backing of Hong Kong billionaire Li Ka-Shing’s TOM Group.

Indonesia has become a huge market for payment operators, with a horde of them jostling for market shares. With its tech-savvy consumers, the Asian country has attracted companies like Xendit, a newly minted unicorn that provides digital payments infrastructure, Payfazz, which offers a mobile app for handling routine financial tasks, and GoTo, the payment gateway under behemoth GoTo.

Having established in Hong Kong, a global financial center, WeLab has witnessed its customer-base grow. The company said it has amassed over 150,000 digital banking customers and its online lending app for Southeast Asia, Maucash, which it launched through a joint venture with Astra International, has more than three million Indonesian users.

WeLab’s acquisition of commercial banks is a play that will likely become a huge part of the fintech market. The emerging market is posing a threat to traditional financial industry, taking a large number of customers, especially young people, off commercial banks. Following WeLab’s step, more commercial banks are expected to be acquired by fintech players in the near future.

Avoid people who think they can never be wrong!

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Do not argue with the past and be open to embrace the future.

Avoid people who think they can never be wrong. Run away from people who think that acknowledging mistakes is weakness.

If your boss is never wrong because he uses his power to make mistakes to look “correct”, it’s time for another move.

Great leaders are authentic and they change opinions based on new information. Bad leaders are lost in the past, never open to see a deep future.

Comment on LinkedIn Feed

Comment 1: This is where imagination trumps knowledge, the latter puts you in defensive mode, working hard to protect what you already know, irrespective of its relevance or lack thereof.

No matter how much knowledge you have accumulated, it remains infinitesimal when compared with what you don’t know, so the idea of never being wrong or sticking to your initial position all the time is nothing really short of foolishness, and therefore not fit for debate.

Growth is tied to the future, you do not grow in the past.

Comment #2: Prof. your identity is a spectrum, it changes with the tone of your posts. When you write to educate businesses, you’re an Investor/Innovator/Entrepreneur/Strategist. When you write to inspire philosophically, you’re a Mentor. When you write to teach people, you’re a Teacher/Tutor. When you write from a technical point of view, you identify as an Engineer/Technologist.

A Leader doesn’t only ‘inspire’ his Teammates, he is also ‘inspired’ by them. If such is not the case, then he’s a Ruler, not a Leader. A leader is a part of a team. A ruler has no team, he has subjects.

If you’re subject to your boss rather than his/her teammate, you’re under a Rulership. If you’re intending to grow as a person under a “Leadership”, then you might want to quit the union. In other cases, your possible course of actions should be dependent on the nature of your relationship with the company.