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Tony Elumelu

Éwn malábó:Use British English Oxford spelling

Tony Elumelu
Éwn malábó:Post-nominals
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Elumelu in 2020
BornAnthony Onyemaechi Elumelu
(1963-03-22) 22 March 1963 (age 61)
Jos, Northern Region, Nigeria (now in Plateau State, Nigeria)
NationalityNigerian
Alma materAmbrose Alli University,
University of Lagos
OccupationFounder, The Tony Elumelu Foundation
Years active1987–present
Known forFounding The Tony Elumelu Foundation
Spouse(s)Éwn malábó:Plainlist

Éwn malábó:Template other

Anthony Onyemaechi Elumelu abi efuodu born 22 March 1963 ene ojana Nigeria eche enu kai gba wuyi ukwuchei sei economist, unyi okor kpai ateko amone eche.E chaboji Heirs Holdings,[1] Transcorp, United Bank for Africa (UBA) kpai onwola ni The Tony Elumelu Foundation.[2]

In 2020, Elumelu was named on TimeÉwn malábó:'s list of the 100 most influential people in the world.[3]

Early life

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Childhood and family

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Elumelu was born in Jos, Plateau, Nigeria, on 22 March 1963, to Suzanne and Dominic Elumelu, originally from Onicha-Ukwu in Aniocha North Local Government Area of Delta State. [4][5] He grew up with four siblings, one of whom is Ndudi Elumelu, a minority leader in the Nigerian legislature. [6][7]

Education

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Elumelu studied Economics at Bendel State University (now Ambrose Alli University), obtaining a Bachelor of Science with a Lower Second Class (2:2). Afterward, obtained a Master of Science degree in Economics from the University of Lagos.[8]

Career

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Early career

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Elumelu worked in the Nigerian Bank Union Bank as a corps member during his National Youth Service Corps in 1985, before starting his career as a salesman. Elumelu subsequently joined Allstates Trust Bank[9] in 2005 and United Bank for Africa (UBA) was acquired afterwards.[10]

On his early career, he has said:

I started my career as a salesman, a copier salesman to be specific, young, hungry, and hardworking, but the reality was that I was just one of the thousands of young Nigerian graduates, all eager to succeed.[11]

In 1997, Elumelu led a small group of investors to take over a struggling Crystal Bank (later renamed Standard Trust Bank). He turned it profitable within a few years and in 2005, he led one of the largest mergers in the banking sector in Sub-Saharan Africa by acquiring United Bank for Africa (UBA). [12][13]

United Bank for Africa

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Following the merger of Standard Trust Bank and United Bank for Africa in 2005, Elumelu led the company as Group Managing Director from a single-country banking group to a pan-African bank with subsidiaries in 20 African countries, France, the U.S and the U.K, eventually stepping down in 2010. [14][15]

Elumelu currently chairs the board of the United Bank for Africa.[16][17]

Heirs Holdings

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In 2010, he founded Heirs Holdings, his family-owned investment holding company. Elumelu also established in the same year the Tony Elumelu Foundation, an Africa-based foundation championing entrepreneurship in Africa.[18] Heirs Holdings maintains a portfolio of investments across several sectors.[19][20] Through Heirs Holdings, Elumelu holds a controlling interest in Transnational Corporation, a diversified conglomerate with business interests in Power, Hospitality and Energy.[21]

Transcorp Plc

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On April 14, 2021, Elumelu was officially handed the Certificate of Discharge of the iconic hospitality facility. The National Council on Privatization (NCP), which is chaired by the former Vice President of Nigeria Prof. Yemi Osinbajo, handed over full ownership of Transcorp Hotels to the Chairman after fulfilling all privatization conditions attached to the sale of the property in 2005.[22]

 
Elumelu speaks in 2022

The Tony Elumelu Foundation

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Éwn malábó:Main

Following his retirement from United Bank for Africa in 2010, Elumelu founded The Tony Elumelu Foundation. The Tony Elumelu Foundation promotes entrepreneurship in Africa. The Tony Elumelu Foundation’s belief that the private sector’s role is critical for Africa’s development is hinged on the economic philosophy of Africapitalism, which was introduced by Elumelu; "that the African private sector has the power to transform the continent through long-term investments, creating both economic prosperity and social wealth."[23]

In 2015, Elumelu committed $100 million to create 10,000 entrepreneurs across Africa over the next 10 years through the Tony Elumelu Foundation Entrepreneurship Programme - a Pan-African entrepreneurship initiative designed to empower African entrepreneurs through a multi-year programme of training, funding, and mentoring.[24]

Awards and honours

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Elumelu has received recognition and praise for his contributions to business and entrepreneurship.

References

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  1. ↑ "THE 100 MOST INFLUENTIAL PEOPLE OF 2020 - Tony Elumelu". TIME (in American English). Retrieved 22 ochu ekela 2021.
  2. ↑ "Tony Elumelu Archives - The Nation Newspaper". thenationonlineng.net. Retrieved 26 ochu ekeji 2022.
  3. ↑ "Tony Elumelu: The 100 Most Influential People of 2020". Time. Retrieved 23 ochu ekela 2020.
  4. ↑ "Gov. Okowa eulogises Tony Elumelu at 55". The Eagle Online (in American English). 22 ochu eketa 2018. Retrieved 23 ochu eketa 2018.
  5. ↑ "Tony Elumelu: The Quintessential Leader". The Guardian Nigeria News - Nigeria and World News (in American English). 5 ochu ekebie 2018. Retrieved 14 ochu ekejo 2020.
  6. ↑ "20 things about Tony Elumelu, man of means who donates billions". The Guardian Nigeria News - Nigeria and World News (in American English). 25 ochu ekejo 2017. Retrieved 14 ochu ekejo 2020.
  7. ↑ "National Assembly | Federal Republic of Nigeria". www.nassnig.org. Retrieved 14 ochu ekejo 2020.
  8. ↑ "50th Anniversary: Day Unilag Alumni Association Celebrated Distinguished Members". University of Lagos (in American English). Retrieved 14 ochu ekejo 2020.
  9. ↑ syd uk · 5 January 2015 (5 ochu ajodudu 2015). "Tony Elumelu: the African you Need to know". Theafrikanpost.com. Retrieved 17 ochu eketa 2015.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  10. ↑ Africa, United Bank for. "Tony O. Elumelu, C.O.N". UBA Group (in American English). Retrieved 14 ochu ekejo 2020.
  11. ↑ Tony Elumelu (2 ochu ajodudu 2019). "Years of spreading luck – everyone needs a little help". The Cable. Retrieved 25 ochu ekebie 2020.
  12. ↑ "Elumelu is MD of UBA - Merger of UBA/STB". Proshare (in American English). Retrieved 22 ochu ekegwa 2019.
  13. ↑ "Nigerian Billionaire Tony Elumelu Commits $100 Million To Create 10,000 African Entrepreneurs In 10 Years". Forbes (in American English). Retrieved 22 ochu ekegwa 2019.
  14. ↑ "Meet Tony Elumelu, Africa's Frontline Business Leader". Forbes (in American English). Retrieved 14 ochu ekejo 2021.
  15. ↑ "Access Bank, UBA, GTB… the Nigerian banks making inroads in Africa". The Africa Report (in American English). 11 ochu ekefa 2021. Retrieved 12 ochu ekebie 2021.
  16. ↑ "Elumelu returns to UBA as Board Chairman". Premium Times (in American English). Retrieved 12 ochu ekebie 2021.
  17. ↑ Africa, United Bank for. "Tony O. Elumelu, C.O.N". UBA Group (in American English). Retrieved 14 ochu ekejo 2020.
  18. ↑ "Meet Tony Elumelu, Africa's Frontline Business Leader". Forbes (in American English). Retrieved 14 ochu ekejo 2021.
  19. ↑ "Private Sector – Heirs Holdings". USAID (in American English). Retrieved 14 ochu ekejo 2021.
  20. ↑ "Heirs Holdings - About us". USAID (in American English). Retrieved 14 ochu ekejo 2021.
  21. ↑ "Elumelu: The Rise, Impact Of A Pan-African Entrepreneur". Leadership (in American English). Retrieved 14 ochu ekejo 2021.
  22. ↑ "Transcorp hotels fulfils post privatisation obligations". 15 ochu ekegwa 2019.
  23. ↑ Amaeshi, Kenneth; Okupe, Adun; Idemudia, Uwafiokun (7 ochu ekefa 2018). Africapitalism: Rethinking the Role of Business in Africa (in American English). Cambridge University Press. ISBN 9781107160705. Retrieved 14 ochu ekejo 2021.
  24. ↑ "Nigerian Billionaire Tony Elumelu Commits $100 Million To Create 10,000 African Entrepreneurs In 10 Years". Forbes (in American English). Retrieved 22 ochu ekegwa 2019.
  25. ↑ "Tony Elumelu: The making of a business ambassador". The Cable (in American English). 14 ochu ajodudu 2018. Retrieved 14 ochu ekejo 2020.
  26. ↑ "Adenuga Bags GCON". This Day. 10 ochu ekela 2012. Archived from the original on 18 ochu ekelu 2015. Retrieved 27 ochu ekeji 2016.
  27. ↑ "Why Elumelu won Daily Times Nigeria Man-of-the-Year 2016". Daily Times (in British English). 8 ochu ajodudu 2017. Retrieved 29 ochu ekebie 2019.
  28. ↑ "All Africa Business Leaders Awards announce 2018 West African Finalists". Daily Times (in British English). 7 ochu ekegwa–oka 2018. Retrieved 29 ochu ekebie 2019.{{cite web}}: CS1 maint: date format (link)
  29. ↑ "BUK to honour Tony Elumelu with an Honorary Doctorate Degree". Premium Times (in British English). 6 ochu ekefa 2019. Retrieved 29 ochu ekejo 2019.
  30. ↑ "Elumelu to Receive National Award". Thisday (in British English). 27 ochu ekegwa–oka 2019. Retrieved 29 ochu ekela 2020.{{cite web}}: CS1 maint: date format (link)
  31. ↑ "THE 100 MOST INFLUENTIAL PEOPLE OF 2020 - Tony Elumelu". TIME (in American English). Retrieved 22 ochu ekela 2021.
  32. ↑ "Full List of 437 Nominees for Nigeria's National Honours Awards 2022". PR Nigeria (in American English). 11 ochu ekegwa 2022. Retrieved 11 ochu ekegwa 2022.

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