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A Global Education Expert To Speak On Monday During Tekedia Career Week

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He has been an Adviser to the British Government on developing international education policies under the National Student Forum, On-call Education Partnership Consultant for British Council, and Business Development Consultant for the Grow Creative Scheme under the European Regional Development Fund (ERDF). He is a business consultant with deep experiences on education, manpower development.

Dr. Akanimo Odon, a Tekedia Mini-MBA Faculty, will speak on Monday during Tekedia Career Week which comes Nov 2-7, 2020. With a sub-theme Nurturing Innovators, Dr Odon will examine how we can plan our careers and build resilience during this age of disruption. Yes, as technology changes the rules of markets and post-covid-19 becoming the new normal, we need insights on how to run that personal career playbook. The Week is not about helping our members to find jobs. Rather, we hope the insights would help them have great careers.

Make sure to join Dr. and other 12 global thought leaders as Tekedia Career Week opens tomorrow (Monday). Join here.

Can Interswitch Go for MoneyGram To Boost Verve?

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MoneyGram has been severely wounded by Transferwise and WorldRemit as the architecture of the remittance sector continues to evolve. Things are so bad that Ripple is injecting $50 million for a 15% stake.  That money will help MoneyGram modernize by running digital token XRP.

Yet, I do not see how that would help in the long-run. If not for antitrust issues, Western Union can just buy MoneyGram since the U.S. government blocked Alibaba’s Ant Group from buying it. The Chinese wanted to pay $1.2 billion but it was blocked; today, MoneyGram is worth about $364 million.

WorldRemit is worth about $1.5 billion while Transferwise goes for $5.5 billion as Nigeria’s Interswitch remains rumored at $1 billion. Now, from all indications, this game is changing and I do think MoneyGram will not be here for long. The question is this: does Interswitch have a playbook to use MoneyGram to make Verve a popular brand like Amex, Visa and Mastercard around the world?

How would it sound that Interswitch has bought MoneyGram, and integrates its remittance services into Verve? Yes, MoneyGram becomes a distribution channel for Verve.

*privately held companies

The Cowrywise Lesson On What To Build

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Awareness and observation are antennas into the minds of customers, sharper than any formal education when it comes to starting and building companies. Some entrepreneurs have used both to make out of chewing stick an organic toothbrush. Yes, Walmart sells your grandpa and grandma chewing sticks as premium organic toothbrushes!

To be a successful businessperson, you do not need to be as mathematical as Chike Obi or grammatical as Wole Soyinka. All you need is awareness and observation on market frictions, and finding solutions to them. If you do them, glory awaits.

That takes me to the story of Razaq Ahmed, the CEO of CowryWise on how his company began. He had the awareness, and took action, after the clear observation. Today, we have CowryWise, a digital saving and investment fintech.

“The idea of Cowrywise came in when we had a lot of people come asking ‘how do I invest 1000 naira and small amounts like 50,000 naira. After much deliberations, we decided that the best way to scale was to open it up to the public and that was what gave birth to Cowrywise.”

Razaq Ahmed,CEO of CowryWise

People, it takes observation, awareness and taking action to make things happen.

Loss and the Empathetic Bridge: A Case Analysis of President Buhari’s #EndSARS Speech

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Diagnosis

On the evening of March 31, 2019, Kolade Johnson, a professional footballer was watching an English Premier League football match when a stray bullet hit him. He died on the spot. Some police officers attached to the anti-cultism unit of the Lagos State Command had stormed Olu Aboderin street after getting a hint that a group of cultists were in the area[1]. To disperse the boys, they shot sporadically into the air and killed Kolade, the only son of his mother.

Kolade is one of many hundreds of young Nigerians that have been killed extra judicially by men of the Special Anti-Robbery Squad, otherwise known as SARS, a specialized unit of the Nigerian Police Force, founded in 1992 as a response to increase in crime rate. The unit has been accused of several cases of killings, assaults and harassments of innocent citizens.

In October 2020, thousands of Nigerian youths embarked on a nationwide protest to demand an end to police brutality, calling for the complete eradication of SARS using the hashtag #EndSARS. What started as a social media advocacy turned into a wide scale social movement. By the second day, the hashtag had become the most trending topic in the world, generating up to 28 million tweets. Nigerians shared stories, pictures and videos of different atrocities of SARS officers on social media. Within 2 days, peaceful protests were organized in several cities across Nigeria and in the diaspora including United States, Canada and United Kingdom. Many international celebrities and world leaders also added their voices, including Kanye West, John Boyega and Hillary Clinton.

The Nigerian government’s response

After weeks of peaceful protests across the world, the Nigerian Police Chief promised to disband SARS but in reality, only created a new unit called SWAT (Special Weapons and Tactics). Nigerian youths rejected this and continued protesting. According to them, government has made such promises in the past with little or no commitmentOn October 20, the protest took a sad turn — the Nigerian military opened fire on peaceful protesters at the Lekki Toll Gate, killing at least 12 people[2]. This led to a global outrage from Nigerians and non-Nigerians across the world. The Nigerian government denied the killings despite a live video footage by Nigerian Disc Jockey, DJ Switch[3].

After weeks of protest, President Buhari finally addressed Nigerians. Many described the pre-recorded speech which was made to look like a live broadcast as ‘tone-deaf and ‘utterly insensitive’. The speech lacked emotion and empathy and refused to directly address the shooting of unarmed protesters at the Lekki Toll gate. Many were disappointed. The question on the lips of everyone was ‘who gave the order for the massacre of innocent protesters at the Lekki Tollgate?’ on the 20th of October 2020.

Analysis of Case — The President’s speech

Excerpts:

“On approving the termination of SARS, I already made it clear that it was in line with our commitment to the implementation of extensive Police reforms. Sadly, the promptness with which we have acted seemed to have been misconstrued as a sign of weakness and twisted by some for their selfish unpatriotic interests”.

“The spreading of deliberate falsehood and misinformation through the social media in particular, that this government is oblivious of the pains and plights of its citizens, is a ploy to mislead the unwary within and outside Nigeria into unfair judgement and disruptive behaviour”

“To our neighbours in particular, and members of the international community, many of whom have expressed concern about the ongoing development in Nigeria, we thank you and urge you all to seek to know all the facts available before taking a position or rushing to judgement and making hasty pronouncements”.

“In the circumstances, I would like to appeal to protesters to note and take advantage of the various well-thought-out initiatives of this administration designed to make their lives better and more meaningful, and resist the temptation of being used by some subversive elements to cause chaos with the aim of truncating our nascent democracy”.

“For you to do otherwise will amount to undermining national security and the law and order situation. Under no circumstances will this be tolerated”.

Read the full text of the speech here.

Using the conceptual framework of the empathetic bridge (Acknowledge challenge, Express Empathy, Narrate Hope, Create a Choice), the President’s speech shows an absence of thoughtful and empathetic leadership. The President refused to acknowledge the problem (in this case the shooting of innocent protesters by the military). He also refused to empathize with grieving families which shows a lack of empathetic availability. The President could have used the speech to create an empathetic bridge which could have further calmed down tensions and unify the country.

The speech could have started like this:

“Fellow Nigerians, it is with a deep sense of grief that I address you today. The terrible incidence that happened on Tuesday, 20th of October has no place in our history. I condole with the family of those we lost and as the Commander-In-Chief, I take full responsibility and will ensure that perpetrators of this heinous crime are brought to book. I have ordered for an immediate investigation and directed that daily briefings be submitted to me until Justice is served”.

A speech of this nature could have given a narrative of hope and created an agency. The president’s speech instead of giving hope and agency issued threats both to Nigerians and to the International Community. For instance, the statements “Sadly, the promptness with which we have acted seemed to have been misconstrued as a sign of weakness and twisted by some for their selfish unpatriotic interests” and “For you to do otherwise will amount to undermining national security and the law and order situation. Under no circumstances will this be tolerated” sounded like threats. The speech could have amplified government’s response to the demands of thousands of Nigerians including permanently disbanding SARS and implementing an overarching police service reform. This would have been a source of hope to many Nigerians. Also, in narrating hope, the president should have announced a monetary support to the families of those who lost their lives (civilians and police) and those injured. It would have assured Nigerians that the government is indeed serious with pursuing justice for the victims.

Leadership lessons

1. Taking responsibility- Leadership involves first understanding the problem and taking full responsibility to fix it. President Buhari could have admitted the government’s culpability in the root problem (SARS), immediately accept the demands of the youths and proffer a quick solution.

2. Building trust: There is a huge trust deficit between the government and citizens of Nigeria. The speech could have been an opportunity to rebuild that trust. As Stephen Covey argues in his books The Speed of Trust and Smart Trust, trust is not a soft, social virtue — it’s truly a hard, economic driver for every organization.

3. Empathy: Without empathy, it is difficult to build a team more less a country of over 200 million people. A leader should always be aware of the feelings and needs of others.

4. Respond vs react: Bad leaders react to a situation, while good leaders respond. A good leader is one who gives a careful thought to a situation and gives a measured response. A bad leader is the opposite.

Questions I am struggling with

1. A leader should have trusted advisors who advises him/her in taking right decisions. Could the President’s advisors be giving him wrong advices?

2. Could a leader struggle with giving hope in particular aggravating situations?

Let me know your thoughts.


Dayo Ibitoye — Harvard Kennedy School 

Reflection Paper #5 — Loss Case — Applying Public Narrative as a Leadership Practice

31st October 2020

A US Judge Blocks Trump’s Executive Order on TikTok

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TikTok has gotten a reprieve from a case it filed against the US Commerce Department challenging its order to bar the Chinese video app from operating in the United States. The order which would have taken effect on Nov. 12 was blocked by a judge in Pennsylvania on Friday.

US District Court Judge Wendy Beetlestone enjoined the Commerce Department from barring data hosting within the United States for TikTok, content delivery services and other technical transactions according to Reuters.

Beetlestone said in her ruling that the order would “have the effect of shutting down, within the United States, a platform for expressive activity used by approximately 700 million individuals globally. Over 100 million of these TikTok users are within the United States, and at least 50 million of these US users use the app on a daily basis.”

This is a second victory for TikTok, after a District Judge Carl Nichols had on Sept. 27, in Washington, issued a preliminary injunction in a suit brought by TikTok’s parent, ByteDance, stopping the US Commerce Department from ordering Apple and Google to stop TikTok’s app from being downloaded from their respective stores.

Reuters reported that Nichols will hold a Nov. 4 hearing on the other aspects of the Commerce Department order that Beetlestone blocked on Friday.

The report said the order by Beetlestone, in a suit brought by three TikTok content creators, also blocks the app store download ban.

TikTok said in a statement that it was “deeply moved by the outpouring of support” from its users “who have worked to protect their rights to expression.”

TitkTok is expanding rapidly around the world.

 

The company had in August filed a suit against the United States government over what it described as an attempt to “suppress free speech”.

“We do not take suing the government lightly; however we feel we have no choice but to take action to protect our rights, and the rights of our community and employees. Our more than 1,500 employees across the US pour their hearts into building this platform every day,” the company said in its suit.

The ruling has turned the table against Washington who had had upper hand in the tussle before now.

The US president Donald Trump had in August signed an executive order which outlawed any transaction between ByteDance, TikTok and American people, was going to effectively ban TikTok, unless it’s sold to American company in 45 days.

The US’ attempt to ban TikTok stemmed from concern that the short video app may pose a national security risk, as it collects private data of millions of Americans daily. Washington said TikTok may be forced by the Chinese government to submit the data.

ByteDance had sought other means, including moving its headquarters from China, to get the US government to rescind its decision, but the attempts failed.

TikTok was forced to strike a deal with Oracle and Walmart to become a “trusted security provider”, a deal which was acceptable to both Washington and ByteDance as it cut the chase of selling TikTok.

Beijing reviewed its technology export laws to require a government’s license for a deal such as the sale of TikTok, in an attempt to frustrate the US’ push to sell the app, as Beijing is not willing to let the app’s algorithm into the hands of a foreign government.

Talks have been ongoing to finalize a preliminary deal for Walmart and Oracle to take stakes in a new company, TikTok Global, that would oversee US operations. A deal Trump approved saying it has his “blessing”, according to Reuters.

It is not clear how events will turn following this ruling.