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This June, I Will Run Business Masterclass Sessions In Churches In Nigeria

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I will be in Nigeria this June to deliver the Special Message on a major event in the nation. While in the nation, I plan to speak in 3-5 churches, on business masterclass, bringing our seminars to the domains. Tell your church to email my team; we will work out scheduling for the remaining spots.

The seminar mirrors our typical works for banks, telcos, and startups, except that instead of using Aliko Dangote and Warren Buffett as case studies, we now use biblical leaders like Esther and Nehemiah. I have developed materials for churches by extracting key business lessons from the bible.

Nehemiah teaches me more about planning and strategy than any living business leader.

When Nebuchadnezzar II destroyed the Temple, circa 587 BC, during the siege of Jerusalem, it was unfortunate. Building the Temple, around 10th century BC to Yahweh, had taken years.

Nehemiah grew up, and rose to become one of the key men in Persia (in modern Iran): a cup bearer to king Artaxerxes of Persia, and later, the king made him a governor of Persian Judea. Nehemiah needed to rebuilt the wall of Jerusalem.

Nehemiah demonstrated great vision when he sought from the king to approve to use timber from the king’s forest. In Persia, a law existed that no human can waste timber from the king’s forest: the king’s timber went with the king’s builders and security. Simply, if the king approves this timber supply, the wall will be rebuilt!

Yes, Nehemiah rebuilt the Jerusalem city wall circa 408 BC. Specifically, the wall was rebuilt within 52 days despite wars.  Later, Roman Generals Titus and Vespasian destroyed the Temple within the city during the siege of AD 67 – 70.

I hope to speak in your church.

The Timber from the King’s Forest

Linkedin Comment on Feed

The Holy Book has all the manuals, management and economic frameworks for anyone who knows how to interpret and apply knowledge differently, not just for heavenly candidates. If you understand the Book, you won’t have any reason not apply intelligence when dealing with men and women, rather than just waiting on artificial miracles.

For Recognition, Meet The CEO With Your “Goliath’s Head” Just As David Did

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You have saved the company from ruins. You have delivered growth in the division. You have transformed that business, meeting and breaking all the milestones and KPIs. That underperforming branch is back because your strategy is working. Yet, no one has appreciated you. Yes, no one cares, and you are not happy.

Do not lose hope: learn from David, the stone-thrower who became a king.

57 And as David returned from the slaughter of the Philistine, Abner took him, and brought him before Saul with the head of the Philistine in his hand.

58 And Saul said to him, Whose son art thou, thou young man? And David answered, I am the son of thy servant Jesse the Bethlehemite

1 Samuel 17: 45-58

By the time David killed Goliath, he had played for Saul, in the palace, during the king’s occasional spells. David has done other things even as a young man – killing a beast that wanted to attack his father’s animals, and worthy enough to “lead” his nation in a battle. Yet, no one knew about him. In short, no one knew his name. The king had sent his armor which David was supposed to use to fight Goliath, and yet no one knew his name.

What do you need to do to be recognized? Go with your “head of Goliath”.

The captain of the army, Abner, also did not know David: “And when Saul saw David go forth against the Philistine, he said unto Abner, the captain of the host, Abner, whose son is this youth? And Abner said, As thy soul liveth, O king, I cannot tell”. Notice that Abner was open for David to fight for Israel but never even bothered to know about him. He delivered the armor from Saul to David, perhaps, as typical, the person will die, with the armor. So, it was not even necessary to know the latest person that would wear this one to fight Goliath. David was expected to be killed, and there was no need to waste time over him!

Understand that David has been winning small “battles”,  and no one has ever recognized him. Even his father, Jesse, never appreciated the young man. Your son had played for the king, but at home, he was nobody. So, David needed a new strategy if he ever wants his acknowledgements to be recognized: go with evidence.

To stop the repeated lack of recognition from happening after his biggest fight, he returned with the head of Goliath (he could have left it in the field). Yes, he came back to meet the king with the head of Goliath, Yes, he came with evidence as he returned from the branch to meet the CEO in the headquarters. With the head of Goliath in his hand, king Saul did not have to ask more questions: the KPIs are there, the records are visible and David delivered more than promised.

The fact is this: understand when it is necessary even as Abner takes you to the CEO to go with the head of Goliath. The head is the evidence of your records on delivering value in that business. When Saul saw the evidence, it was irrelevant that he did not know the young warrior’s name before: David was getting all tax waivers, will be given the king’s daughter in marriage, etc because he has clearly shown the records.

David held the head of Goliath (the evidence) instead of giving it to Abner (the regional manager) to present on his behalf in this important meeting with the Group CEO. Whenever a moment like meeting the king (the CEO) arrives, go with your “Goliath’s head”. That is how you get your rewards.

1 Samuel 17: 45-58

45 Then said David to the Philistine, Thou comest to me with a sword, and with a spear, and with a shield: but I come to thee in the name of the Lord of hosts, the God of the armies of Israel, whom thou hast defied.

46 This day will the Lord deliver thee into mine hand; and I will smite thee, and take thine head from thee; and I will give the carcases of the host of the Philistines this day unto the fowls of the air, and to the wild beasts of the earth; that all the earth may know that there is a God in Israel.

47 And all this assembly shall know that the Lord saveth not with sword and spear: for the battle is the Lord‘s, and he will give you into our hands.

48 And it came to pass, when the Philistine arose, and came, and drew nigh to meet David, that David hastened, and ran toward the army to meet the Philistine.

49 And David put his hand in his bag, and took thence a stone, and slang it, and smote the Philistine in his forehead, that the stone sunk into his forehead; and he fell upon his face to the earth.

50 So David prevailed over the Philistine with a sling and with a stone, and smote the Philistine, and slew him; but there was no sword in the hand of David.

51 Therefore David ran, and stood upon the Philistine, and took his sword, and drew it out of the sheath thereof, and slew him, and cut off his head therewith. And when the Philistines saw their champion was dead, they fled.

52 And the men of Israel and of Judah arose, and shouted, and pursued the Philistines, until thou come to the valley, and to the gates of Ekron. And the wounded of the Philistines fell down by the way to Shaaraim, even unto Gath, and unto Ekron.

53 And the children of Israel returned from chasing after the Philistines, and they spoiled their tents.

54 And David took the head of the Philistine, and brought it to Jerusalem; but he put his armour in his tent.

55 And when Saul saw David go forth against the Philistine, he said unto Abner, the captain of the host, Abner, whose son is this youth? And Abner said, As thy soul liveth, O king, I cannot tell.

56 And the king said, Enquire thou whose son the stripling is.

57 And as David returned from the slaughter of the Philistine, Abner took him, and brought him before Saul with the head of the Philistine in his hand.

58 And Saul said to him, Whose son art thou, thou young man? And David answered, I am the son of thy servant Jesse the Bethlehemite

LinkedIn Comment on Feed

A very tricky one, especially in a highly rigged workplace or environment. Some brilliant folks down the hierarchical ladder have been beating to submission by their rogue superiors, with the latter arrogating the former’s achievements as theirs; without any form of challenge.

In the universities, you see a professor publishing a student’s work as his own, without even acknowledging the original author. Same is applicable in many organisations. The suffocating bureaucratic arrangements most times make it impossible for that brilliant ‘small’ manager in a branch or division to have any form of access to the CEO, without the ones higher up shutting you off in your tracks. Some even worked until resignation without coming anywhere close to the CEO.

The system is rigged against a lot of people, especially those who cannot ‘shout’, making them to always remain in the line, with no chance to question anything.

But as hardworking and brilliant manager of a division, you must have a strategy to upend all barriers that will lie in weight to stop you from getting your work recognised by the highest authority. Even the Holy Book affirmed that to takeover the kingdom, you are not going to be smiling, a force is needed!

MainOne and Innoson Motors Should Partner for Industry 4.0 Smart Manufacturing

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Innoson plan

By Nnamdi Odumody

German automotive giant Volkswagen, and Amazon, have announced a collaboration to build a digital platform, the VW Industrial Cloud, to connect and manage the automaker’s manufacturing plants and supply chain.

Volkswagen and Amazon Web Services (AWS) have teamed up to work on a cloud-based platform to transform the auto giant’s “manufacturing and logistics processes.”

The multi-year, global agreement, announced on Wednesday, would see Volkswagen use a range of services from AWS, including machine learning, the internet of things and analytics.

Among other things, these technologies will be used to boost plant efficiency, increase the quality of vehicles, and improve production flexibility.

The VW Industrial Cloud will integrate data from more than 30,000 facilities, including VW’s 122 manufacturing facilities and 1500 partnerships, in its supply chain. Through this partnership, Volkswagen can use AWS’s Cloud Computing and IOT services to increase facilities efficiency, improve production flexibility, and increase vehicle quality. This means that VW will be able to identify issues or opportunities, for efficiency, in real time and get them solved.

The VW Industrial Cloud will aggregate real time manufacturing data to assess performance and identify friction points using AWS IOT services. The cloud will use AWS IOT offerings which include Greengrass, Core, Analytics and SiteWise, to collect, process and analyze data from plant floors. It will also be used to track parts and vehicles. Equipped with data and analytics from across its facilities, VW will be able to easily identify what production or supply chain segments need improvement, and more quickly to take corrective action.

“The Volkswagen Group, with its global expertise in automobile production, and AWS, with its technological know-how, complement each other extraordinarily well,” Oliver Blume, who is chairman of the executive board of Porsche AG and a member of the board of management of Volkswagen Aktiengesellschaft, said in a statement Wednesday.

Amazon’s Sage Maker service will allow the automaker to quickly build, train and deploy machine learning models for plant equipment using the Edge. Volkswagen can use Sage Maker to assist in making its production machinery more efficient and adaptable for a wider range of tasks.

VW will deploy AWS Outposts onsite to offer a consistent experience for latency sensitive applications. AWS Outposts brings native AWS services, infrastructure and operating models to factory floors in order to provide seamless functionality between devices and the cloud. With AWS Outposts in VW’s facilities, IOT devices will be able to communicate with infrastructure in close proximity instead of with a distant server which can lead to lower latency.

Manufacturers operate under tight margins and must eliminate inefficiencies to drive greater profits and smart technologies like the Internet of Things, Artificial Intelligence, Blockchain, Augmented Reality and 3D Printing can help them achieve that. The Manufacturers Association of Nigeria should initiate discussions across all its different member sector groups on Industry 4.0, and how migration to smart manufacturing will enable them eliminate waste from their processes while achieving higher profitability. Of course MainOne and Innoson Motors should explore to replicate this same AWS-Volkswagen partnership in Nigeria.

GTBank Responds to Innoson Motors’ “take over” Claim

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Nigeria’s GTBank has responded to Innoson Motors’ claim that it had been mandated by the court to “take over” the bank. Of course, that is alternative fact news. Yet, in the GTBank’s response, the bank dropped a troubling hint: “It is important to state that the Judgment allegedly in issue is in respect of Garnishee Proceedings against the account of the Nigerian Customs Service Board domiciled with the Bank and not against the Bank as an entity.” This particular case is simply unfortunate. What a pity but lawyers smile for  the continuous good alerts!

But in its response, Erhi Obebeduo, company secretary of the bank, said the bank would resist any attempt to execute any such “illegal or fraudulent execution”.

“The attention of Guaranty Trust Bank Plc (“the Bank”} has been drawn to statements circulating in the news and social media in respect of purported enforcement of a Judgment of the Federal High Court, Ibadan, Oyo State at one of its branches in Anambra State,” the bank said.

“The Bank as a law-abiding corporate citizen is taking all necessary legal steps to address this situation and ensure that no illegal or fraudulent execution is carried out.

“It is important to state that the Judgment allegedly in issue is in respect of Garnishee Proceedings against the account of the Nigerian Customs Service Board domiciled with the Bank and not against the Bank as an entity.”

Comments on LinkedIn Feed

#1. Ok, so, here is how it works. Mr. I (Innoson) sues Mr. C (Customs). Nothing to do with GTB. But Mr. C keeps its funds with GTB, like most people. Mr. I obtained judgment against Mr. C and seeks to enforce that judgment through Garnishee Proceedings (a mode of enforcing judgment) seeking to attach the funds with GTB that belongs to Mr. C.

Mr. I serves GTB with Garnishee Order Nisi to show cause why Mr. C’s funds with it shouldn’t be attached to satisfy the judgment debt. This isn’t any of GTB’s business. All it has to do is file Affidavit Showing Cause attaching Mr. C bank statement. The court then issues Garnishee Order Absolute and the judgment sum is paid to Mr. I.

Now, here’s the problem. GTB becomes a meddlesome interloper busy body and seeks to defend its customer Mr. C perhaps by not disclosing all the funds and now buys trouble for itself.

If Mr. I is able to show that Mr. C has funds with GTB and its refused to pay it, then the court will make consequential orders/judgment against GTB such as that it’s not solvent to pay judgment debt in its custody.

Banks have dabbled into Garnishee Proceedings that was not their business and have had their fingers burnt. Now no one is worrying about Mr. C the judgment debtor

  • My response: You sabi the case – I have looked at this and can conclude one thing: GTBank really hated Innoson to have taken over the defense of Nigerian Customs.  NCS is government and how a private bank (not govt owned) found it useful to pay lawyers to defend govt is something only LBS case study will explain.

#2. Innoson has no business with custom,as long as the garnishee order has been given by a competent court of jurisdiction,INNOSON has the powers to halt all banking transactions of GTB until that amount is paid,contrary he might decide to allow his money run on the 22? of 8.8billion,or have it converted to shares.the fact is that he dictates the pace! The hope of a common man,THE JUDICIARY

#3: GT bank wrote off Chief Innocent Chukwuma as “illiterate Igbo trader”, “illiterate Nnewi trader” with no liver or time for court cases.

It is the same reason police men prefer to be posted to Anambra State – especially the Onitsha-Nnewi axis, where they believe the traders don’t like going to police station or court. They would prefer to “settle” the police and go their way. But the same police men don’t like to be posted to Imo (especially the Owerri-Mbaise axis) or Enugu city where civil servants and lecturers have the patience to pursue cases and make life miserable for police people with court cases and petitions.

But Innoson surprised GTBank with his patience and doggedness.

This case the company just won against GTBank is just one of the two cases at the Supreme Court. This one is the case about its goods the Nigerian Customs seized and auctioned to politicians in 2004 (when Obasanjo was president.) The Court asked Nigerian Customs to pay Innoson but GTBank jumped into the case and appealed.

The second case is that of GTBank making clandestine deductions from Innoson amounting to about N600 million – ie secretly stealing from Innoson like most banks do to their unwary customers. Innoson asked GTBank to pay back at the 22 percent interest rate it was charging Innoson for the loan it lent it, but GTBank said that the best it would do was to pay back at 7 percent interest rate. It wanted to pay Innoson at the ridiculous rate it pays its depositors. So Innoson went to court. The High Court and Appeal Court ruled in its favour but GTBank went to the Supreme Court. It even got the EFCC to harass Chief Chukwuma and intimidate him to make him succumb, accusing the man and his company of sundry issues.

Innoson is awaiting the judgement of the Supreme Court on that case. In 2014 the amount GTBank would pay Innoson for the fraudulent deductions stood at 5.9 billion naira. In 2018, it stood at 14 billion. It continues to rise everyday.

In all this, Chief Chukwuma refused to be intimidated or discouraged. The upper hand he has is that the appeal court had ordered GTBank to pay him at an interest rate of 22 percent. So with the passing of each day, the amount GTBank will pay increases.

Caveat: This particular issue between GTBank and Innoson has little or nothing to do with ethnicity. It is a case of big corporations vs soft target. Big corporations always believe they have the financial muscle and connections to intimidate and wear out the soft target, even when it is clear to them that they are wrong.

Kobo360 Startups

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Ndubuisi Ekekwe left Kobo board in mid 2019.

This is the live recorded message. A presentation document (PDF) is available for download here for those that do not want to watch video.

Please send questions to tekedia@fasmicro.com

https://www.youtube.com/watch?v=EGVyQsfRGe4

About Kobo360

Kobo360 is a tech-enabled digital logistics platform that aggregates end-to-end haulage operations to help cargo owners, truck owners and drivers, and cargo recipients to achieve an efficient supply chain framework. Through an all-in-one robust logistics ecosystem, Kobo uses big data and technology to reduce logistics frictions, empowering rural farmers to earn more by reducing farm wastages and helping manufacturers of all sizes to find new markets. Kobo enables unprecedented efficiency and cost reduction in the supply chain, providing 360-visibility while delivering products of all sizes safely, on time and in full. The Kobo mission is to build the Global Logistics Operating System that will power trade and commerce across Africa and Emerging Markets.