CORPORATE PROFILE OFTony OnyemaechiGF Elumelu
Tony Onyemaechi Elumelu (born March 22, 1963) the man who made$123 Million In 3 Weeks is a Nigerian economist, banker, investor and philanthropist. Elumelu is head person of Heirs Holdings, a pan-African proprietary buying into business with interests in strategic sectors of Africa’s economy. He is furthermore the founder of the Tony Elumelu base, an Africa-based and African-funded not-for-profit organisation (NPO) that is dedicated to the promotion and commemoration of excellence in enterprise leadership and entrepreneurship across Africa. Elumelu holds the Nigerian nationwide respect, the Commander of the alignment of Nigeria (CON). New African magazine lately recorded him as one of the 100 most influential persons in Africa.
Elumelu was born in Jos, Nigeria, in 1963. He has two degrees in Economics from Nigerian schools. His Bachelor degree was from Ambrose Alli University and he has a expert of research degree, furthermore in Economics, from the University of Lagos. He is an alumnus of Harvard enterprise School’s sophisticated administration events. Tony Elumelu wed Awele V. Elumelu, a health medical practitioner, in 1993 and has five daughters. He has four siblings encompassing the Hon. Ndudi Elumelu, a constituent of the Nigerian government House of Representatives.
In his early vocation, Elumelu made a name for himself when he came by and turned benchmark believe Bank into a top-five contestant in Nigeria. In 2005, his business reputation as an African Business foremost was closed when he led the largest amalgamation in the banking part in Sub-Saharan Africa to come by joined Bank for Africa (UBA). In five years he transformed it from a single-country bank, to a pan-African institution with over 7 million customers in 19 African countries.
Following his retirement from UBA in 2010, Elumelu founded Heirs Holdings, which buys into in the financial services, power, genuine land parcel and hospitality, agribusiness, and healthcare parts; all of which help to conceive financial prosperity and social wealth over the countries. In the identical year, he established the Tony Elumelu base, an Africa-based and African-funded, philanthropic association dedicated to the promotion of excellence in enterprise authority and entrepreneurship, to enhance the competitiveness of the personal sector over Africa.
In 2011, Heirs Holdings acquired a controlling interest in the Transnational Corporation of Nigeria Plc (Transcorp), a publicly quoted conglomerate that has business interests in the agribusiness, energy, and hospitality parts. Elumelu was subsequently appointed Chairman of the company.
Elumelu serves as an Advisor to the USAID’s personal Capital Group for Africa (PCGA) Partners Forum. He is seated on the Nigerian President’s farming Transformation Implementation assembly (ATIC). He is furthermore Vice-Chairman and a key person driving in the formation of the nationwide Competitiveness Council of Nigeria (NCCN), and serves as Co-Chair of the Aspen Institute Dialogue sequence on international Food Security. He additionally seating the Ministerial managing group to set up world-class hospitals and diagnostic centers over Nigeria, at the request of the government Government.
The Tony Elumelu base
Following his retirement from joined Bank for Africa in July 2010, Elumelu founded The Tony Elumelu base. His stated target was to “prove that the African personal part can itself be the primary generator of financial development.” The base is ascribed with the objective of going by car Africa’s financial development by enhancing the competitiveness of the African personal part. As a premier pan-African-focused not-for-profit institution,the Tony Elumelu base is dedicated to the promotion and commemoration of entrepreneurship and excellence in enterprise authority across the countries.
The base strives to deploy its resources to develop solutions to trials that inhibit the development of the African private part. Through its firm pledge to catalytic philanthropy, the Tony Elumelu Foundation hunts for to accomplish its objective by enhancing the capacity of African enterprises, carrying and driving principles that encourage competitiveness, establishing economic capital through influence investments, and educating public and private part actors through rigorous study.
In 2003, the government Government of Nigeria granted Tony Elumelu the name of constituent of the alignment of the government Republic (MFR), a national honour. In 2006, Elumelu was voted African enterprise foremost of The Year by the Africa shareholder publication and was identified African Banker of the Year in 2008 by the African Banker magazine. In 2009, the Nigerian President Umaru Musa Yar'adua asked him to serve on the Presidential Committee on the Global economic Crisis.
In 2012 he was awarded the prestigious nationwide Honour of Commander of the alignment of the Niger (CON) for his service in encouraging personal enterprise. He was recognized as one of “Africa’s 20 Most mighty People in 2012” by Forbes publication. In supplement, the New African publication boasted him in their register of the “100 Most Influential Africans in Business.”He was bestowed an honorary doctorate of research degree from the Benue State University and an honorary doctorate of business management from the University of Nigeria, Nsukka
Writings and publications
Elumelu contributed an article to the publication How to Excel at Work - Proven schemes for accomplishing better work performance by Bili A. Odum. He furthermore assisted to the Nigeria authority Initiative White Papers, composing on Leveraging private sector approaches in transforming government delivery.
The Power of dream: Insights on Tony Elumelu is a testimonial amassed on the occasion of his retirement as assembly Managing Director/Chief boss agent at the joined Bank for Africa. It comprises notes from Aliko Dangote, previous Nigerian President Olusegun Obasanjo, lecturer Michael Porter, previous World Bank organising Director and Nigeria’s Minister of investment Ngozi Okonjo-Iweala, President of Sierra Leone; Ernest Bai Koroma, previous joined States Comptroller of the Currency Eugene Ludwig and Sanusi Lamido Sanusi, Governor of the centered Bank of Nigeria.