Business News Archives — Page 4 of 32 — Business Bells

Category: Business News

  • N70bn Debt: Jimoh Ibrahim Loses Appeal To Reclaim NICON Properties

    N70bn Debt: Jimoh Ibrahim Loses Appeal To Reclaim NICON Properties

     

    The Court of Appeal Lagos Division has dismissed an appeal by the Chairman of Global Fleet Group, Jimoh Ibrahim, challenging the Asset Management Corporation of Nigeria (AMCON)’s seizure of his 12 assets and freezing of all his accounts over his alleged N69.4billion debt.

     

    The appellate court upheld the November 18, 2020 order of Justice Rilwan Aikawa of the Federal High Court, Lagos which authorised AMCON to take over Mr Ibrahim’s assets.

     

    The justices upheld the arguments of AMCON’s lead counsel, Dr Kemi Pinheiro SAN, who prayed the court to dismiss Ibrahim’s application.

     

    Chief Niyi Akintola, SAN, is the counsel to the Jimoh Ibrahim while Chief Bolaji Ayorinde SAN is for 2nd Defendant, Global Fleet Group.

     

     AMCON, following Justice Aikawa’s order, took effective possession of all 12 properties through its Debt Recovery Agent – Pinheiro Legal Partners.

     

    The assets include the building of NICON Investment Limited at Plot 242, Muhammadu Buhari Way, Central Business District, Abuja; NICON Hotels Limited building at Plot 557, Port-Harcourt Crescent, off Gimbiya Street, Abuja and the building of NICON Lekki Limited also at No. 5, Customs Street, Lagos.

     

  • US firm, Equinix, Acquires Funke Opeke’s MainOne, in $320m Deal

    US firm, Equinix, Acquires Funke Opeke’s MainOne, in $320m Deal

     

    Equinix, Incorporated has announced that it is acquiring Nigerian Communications company, MainOne founded by Funke Opeke, in a $320m deal that is set to be sealed in the first quarter of 2022.

     

    According to Equinix, the acquisition is its way of expanding into Africa since MainOne has a presence in Nigeria, Ghana, and Côte d’Ivoire.

     

    The company added that the deal was still subject to the satisfaction of customary closing conditions including the requisite regulatory approvals.

     

    The company said, “The transaction has an enterprise value of $320m and is expected to be AFFO accretive upon close, excluding integration costs, marking the first step in Equinix’s long-term strategy to become a leading African carrier neutral digital infrastructure company.

     

    President and Chief Executive Officer, Equinix, Charles Meyers, said, “The acquisition of MainOne will represent a critical point of entry for Platform Equinix into the expansive and rapidly growing African market.

     

    Reacting to the acquisition, Opeke said, “Equinix will accelerate our long-term vision to grow digital infrastructure investments across Africa.

     

    “I thank our founding shareholders led by Mr. Fola Adeola, MainStreet Technologies, AFC, PAIDF, FBN, Polaris and AfDB for investing in the MainOne vision to bridge the Digital Divide in Africa. With similar values and culture to what we have jointly built in twelve years, Equinix is the preferred partner for our growth journey.

     

    “The MainOne team is excited about the partnership created through the acquisition, and we look forward to building our next chapter together.”

     

  • NAJA Awards: Glitz As Hyundai Creta Shines Again, Emerges Nigeria’s Car Of The Year [See List of Other Winners]

    NAJA Awards: Glitz As Hyundai Creta Shines Again, Emerges Nigeria’s Car Of The Year [See List of Other Winners]

     

    It is official. Hyundai Creta Sports Utility Vehicle (SUV) has emerged 2021 Car-Of-The-Year (COTR) in Nigeria.

     

    The sensational Hyundai Creta SUV was pronounced winner ahead of Toyota Corolla and Kia Rio at a colourful ceremony held on Wednesday night at Eko Hotel and Suites, Victoria Island, Lagos,

     

    The annual event put together by Nigeria Auto Journalists Association (NAJA) had in attendance key stakeholders in the automobile and transport sector in Nigeria including the Corp Marshal of the Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi, representative of the Director General of the National Automotive Design and Development Council (NADDC), Jelani Aliyu among others.

     

     Hyundai Creta had in 2018 emerged winner of the coveted prize.

     

    In 2019 Toyota Corolla won the award. The award ceremony did not hold in 2020 due to the ravaging effect of Covid-19 across the world.

    Recently launched in the country, the 2021 Car of The Year, the Hyundai Creta, a Sports Utility Vehicle (SUV) is described as a car with a redesigned shape set to create unparalleled driving experiences for customers. 

     

    According to Hyundai, CRETA has been transformed into the ultimate sub-compact SUV for any terrain. 

    NAJA Awards: Glitz As Hyundai Creta Shines Again, Emerges Nigeria’s Car Of The Year [See List of Other Winners]

    Building on the success of the previous model, the fresh-look CRETA is more spacious, boasts improved features and utilizes state-of-the-art technologies to meet the complete needs of working professionals, young peer group and families. 

     

    Mr. Gaurav Vashisht, Head, Sales and Marketing at Hyundai Motors Nigeria, said: “Developing high-quality vehicles are at the core of our vision and this is reflected with the all-new Hyundai CRETA model.

    Corps Marshall Boboye Oyeyemi PhD, MFR Emerges Road Safety Personality Of The Decade

    “Since the first model was launched, the CRETA has become one of the most popular vehicles and the latest version is set to be a game-changer in the sub-compact SUV segment. From top to bottom, we have crafted the car carefully, pushing the boundaries to ensure that it stands out on the road and is equipped with a wide range of improved features that will deliver even more fun-loving driving experiences. 

     

    “Ultimately, the new CRETA is no like no other vehicle. It’s a true urban crossover with loads of versatility that is modern, sensuous and sporty in design.”

    NAJA Awards: Glitz As Hyundai Creta Shines Again, Emerges Nigeria’s Car Of The Year [See List of Other Winners]
    Cross section of award winners at the 2021 NAJA Auto Awards
    Earlier, in his welcome address, NAJA Chairman, Mike Ochonma, commended stakeholders for their contributions to the development of the sector.

     

    Also, at the 2021 Auto Awards, Mercedes Benz S-class emerged  Luxury Car of the year ahead of BMW 7-series.

     

    Other winners at the prestigious Auto Awards, included:

     

    • Luxury SUV Of The Year –Range Rover Velar

     

    • Pick Up Of The Year –Toyota Hilux

     

    • Auto Plant Of The Year (Truck) –Lanre Shittu (JAC)

     

    • Auto Workshop Of The Year –Mandilas Motors

     

    • Truck Of The Year (Heavy Duty) –Shacman (TSS)

     

    • Outstanding Comeback Of The Year –Suzuki (CFAO)

     

    • Most Transformed New Entrant Of The Year –Toyota Starlet

     

    • Electric Vehicle Of The Year –Hyundai Kona

     

    • Most Resilient Auto Assembler –PAN Nigeria Ltd

     

    • Nigeria Auto CEO Of The Year –Chief Diana Chen (Chairman/CEO, CIG Group)

     

    • Auto Personality Of the Year (Public Sector) –Jelani Aliyu MFR (DG, NADDC)

     

    • Auto Personality Of the Year (Corporate) –Jacky Hathiramani (MD, Dana Motors)

     

    • Pillar of Nigeria Auto Industry –Chief Michael Ade-Ojo

     

    • Electric Vehicle Promoter Of The Year –Jet Systems

     

    • Gas Powered Auto Assembler Of The Year –OMAA

     

    • Communication/Marketing Manager Of The Year –Beatrice Oyesile

     

    • Communication/Marketing Manager Of The Year –Funmi Abiola

     

    • Auto Manufacturer Of The Year (Local Content) –Innoson Vehicle Manufacturing (IVM)

     

    • Most Innovative Auto Company of The Year –Massilia Motors

     

    • Motor Rally Promoter Of The Year –Work & Play

     

    • Outstanding New Pickup Of The Year –Nord Tank

     

    • Compact SUV Of The Year (Outstanding Design/Technology) –Geely Coolray

     

    • Most Fascinating SUV Of The Year –GAC GS8

     

    • Executive Car Of The Year –Kia K5 (Optima)

     

    • Road Safety Personality Of The Decade –Boboye Oyeyemi PhD, MFR

     

    • Online Auto Company of the year –Autochek

     

    • Mini Bus Of The Year –Toyota Hiace

     

  • MAPOLY Mass Comm Alumni To Hold Reunion, Sets For New Election

    MAPOLY Mass Comm Alumni To Hold Reunion, Sets For New Election

     

    The Association of Mass Communication Students Alumni; 1994/1999 set of the Moshood Abiola Polytechnic, Abeokuta, Ogun State is set to hold its annual reunion party.

     

    The reunion party, which is slated for December 11, 2021 would hold at the prestigious Chios Lounge-Ostra Hall at Otunba Jobi Fele Way at Ikeja, Lagos with the theme: ‘Togetherness.’

     

    Commenting on the reunion, Hon. Lanre Oyegbola, the President said that the theme was aimed at repositioning the association and its members in attaining greater heights despite the myriads of economic challenges, which were further worsened by the outbreak of Covid-19 pandemic in the first quarter of 2020.

     

    Oyegbola emphasised that in spite of the pandemic, the alumni still held series of developmental programmes, which cumulated with giving back to the society and the Mass Communication Department of its alma mater.

     

    He explained that several activities had been lined up to make this year’s reunion a success, adding that like the past, the alumni would also give back to its immediate environment.

     

    He said: “We want to make this year’s reunion a better success. As we all know, the current executives were sworn-in exactly two years ago. We want to render our stewardship to our mates in the 1994/1999 set.

     

    “Though, we all know that the most parts of 2020 were wasted through the outbreak of Covid-19 pandemic, but despite this, we put in our best to ensure that we achieved the goals we set for ourselves.

     

    “Within the last two years, we were able to give back to the society; orphanage homes, the mass communication department and organised several other activities that propelled our members forward. We also ensured that we gave a new by-law to the association, which has guided our entire activities. Also, we opened an official account for the alumni, held regular meetings and chart a new course for the association.”

     

    Recall that within the last two years, the outgoing executives donated multi-media equipment to the Department of Mass Communication and presented cash prizes to outstanding students in various mass communication specializations like advertising print journalism, public relations and broadcast.

     

  • Energy Drink War: Rite Foods Loses As Court Sets Aside Contempt Suit Against NBC, MD

    Energy Drink War: Rite Foods Loses As Court Sets Aside Contempt Suit Against NBC, MD

     

    … awards cost of N1 million against Rite Foods

     

     

    A Federal High Court sitting in Lagos has set aside the contempt proceedings, instituted by Rite Foods Limited against Nigerian Bottling Company and it’s managing director, Mr Mattieu Seguin, for alleged disobedience to court order.

     

    The court on Wednesday held that there was no subsisting order that was disobeyed by the respondents.

     

    Justice Ambrose Lewis-Allagoa held that his learned brother Justice Chukwujekwu Aneke had on September 27, 2021, discharged and set aside the committal proceedings.

     

    The Judge therefore awarded punitive cost of N500,000 each in favour of NBC and the alleged second contempnor, against the plaintiff, (Rite Food Limited).

     

    In it’s ruling, the court set aside the order of committal proceeding in its entirety including all processes used by plaintiff in the proceedings.

     

    Justice Lewis-Allagoa held that the court cannot an vacate existing order.

     

     “The Motion filed by the plaintiff is qualified as nullity. A foundation of any committal proceedings is for a valid judgment, where there is no valid judgment it can not be used. Committal proceedings can only exist haven been that the order is still enforceable, the motion dated October 15 and 18, filed by the respondents has merit. I hereby set aside in it’s entirety the committal proceedings, including all the processes”, the judge held.

     

    At the last hearing of the suit, counsel to NBC, Mr Matins Okonma and that of the NBC’s managing director, Mr Oluseye Opasanya ,SAN, had urged the court to set aside the committal proceedings as the exparte order complained of has been discharged.

     

    Opasanya had also informed the court that he filed a motion on notice dated October 18 and supported with seven paragraph affidavit together with one exhibit.

     

    He told the court that he brought the motion to strike out the suit on a number of reasons. Counsel to the Nigerian Bottling Company (NBC), Ngo Matins Okonma, has also told the court that he filed an application dated October 15, 2021 and a motion on notice in respect of the application to regularise the application dated November 11.

     

    In his motion on notice, he asked the court to set aside the order of committal proceeding in its entirety including all processes used by plaintiff in the proceedings. They both argued that since the said order has been discharged, the court cannot punish an alleged contemnor for any breach.

     

     “The order upon which committal proceedings was premised on has been discharged/ set aside by Justice Chukwujekwu Aneke on September 27, 2021.

     

    NBC had prayed the court to set aside the contempt suit and award punitive costs against Rite Foods if it finds no basis for the contempt proceedings.

     

    Counsel to Rite Food. Mr Muyiwa Ogungbemiro in his own counter affidavit sworn to by Francis Omoniyi, dated October 21,2021 and a written address to support their case asked the court to dismiss the Contemnors motion to set aside the committal proceedings.

     

    He submitted that contrary to the position of counsel to the contemnors, the court has the power to punish a contemnor for an offence committed during the pendency of an order.

     

    Ogungbemiro added that the order of court complained of was violated during the pendency of the order and this require that the violator must be punished for such act.

     

    After listening to arguments by both parties, the trial judge, Justice Ambrose Lewis-Allagoa adjourned ruling on the application till December 1, 2021.

     

    It would be recalled that Rite Food had dragged NBC and it’s managing director to court over alleged trademark infringement.

     

  • NCC Sets For 5G Trial Thursday

    NCC Sets For 5G Trial Thursday

     

    The Nigerian Communications Commission, NCC says it is set for the second trial of 5G in Nigeria.

     

    According to the commission, the trial which is scheduled to hold on Thursday is necessary in order to validate the national policy on 5G for the digital economy.

     

    The commission added that the supervised trial would be conducted by Airtel Networks Limited and its Original Equipment Manufacturer on Thursday.

     

    MTN Nigeria Communications had held the first 5G trial in Nigeria in 2019.

     

    In its ‘Draft Consultation Document for Deployment of Fifth Generation (5G) Mobile Technology in Nigeria’, the NCC disclosed that six locations across the nation were selected for this trial.

     

    The locations included, Abuja, Calabar, Lagos, Kano, Abeokuta, and Ibadan.

     

    According to the NCC, the key parameters it was looking out for included: Throughput, latency and jitter measurements; Co-channel interference impact on QoS; Handover performance between access points (as applicable); Type/models of 5G terminals used for the test; Types of services (voice, data, video, etc.) and; Health and safety (EMF radiation level).

     

    During the 2019 trials, the NCC disclosed that a 2GB movie was downloaded within 17 secs on 5G (using 26GHz) and 5mins on 4G network (using 3.5GHz) with a maximum download throughput of 1.7Gbps and 70Mbps respectively in Abuja.

     

  • Innoson, Jet Systems,  OMAA, Autochek, Geely Upbeat as NAJA Awards Holds December 1

    Innoson, Jet Systems,  OMAA, Autochek, Geely Upbeat as NAJA Awards Holds December 1

     

    Expectations are high as a good number of  established auto brands,  automotive firms and outstanding personalities in Nigeria’s automotive sector will be attending this year’s Auto Awards organised by the Nigeria Auto Journalists Association (NAJA).

     

    The event will be holding Wednesday, December 1, at the prestigious Eko Hotel & Suites, Victoria Island, Lagos. Eventual winners in each of the categories are expected to be declared on that date.

     

    With Micheal Ade.Ojo, chairman/founder of Elizade group and brain behind of Toyota Nigeria Limited expected to be honoured as the ‘Pillar of Nigeria’ Auto industry’ because of his contributions in the country’s automotive industry in the past 50 years, special guests of the day are Jelani Aliyu, Director-General of the National Automotive Design & Development Council (NADDC), and Boboye Oyeyemi, Corps Marshal of the Federal Road Safety Corps (FRSC).

     

    New entrants for this year’s all important awards are Jet Systems lisred in the Electric bus promoter of the year category; OMAA  mentioned in the Gas-powered vehicle promoter of the year category, among others.

     

    Both buses are suitable for commercial operations as well as other applications. The two brands are coming at a time when Nigeria is focusing and encouraging the shift from fossil fuel to electric and gas respectively to prospective vehicle buyers.

     

    Geely Coolray, marketed by Mikano International Limited is also in contention.

     

    According to the organisers of the event headed by chairman of the award committee; Theodore Opara, Car-of-The-Year (COTY) will be contested by Toyota Corolla, Hyundai Creta and Kia Rio.

     

    The Suzuki brand, which is being marketed by CFAO, is listed on the strongest comeback brand category, while PAN has been nominated for the most resilient auto company of the year. 

     

    Nigeria’s indigenous automaker, Innoson Vehicle Manufacturing Company is captured in auto manufacturer of the year ( local content)  because of its immense contribution in the development of the local auto industry and other ancillary allied automotive component makers.

     

    In his remark, the  Chairman of the Nigeria’s Auto Journalists Association, Mike Ochonma said all vehicles nominated in the various categories represent exceptional value and designs.

     

  • Excitement of Black Friday: What it Means For Brands, Entrepreneurs and Consumers in Nigeria

    Excitement of Black Friday: What it Means For Brands, Entrepreneurs and Consumers in Nigeria

     

    Black Fridays have become known for customers around the globe as the window of opportunity to get best deals on products.

     

    Many consumers wait for this window to get gadgets, electronics, household items and other high earned products at discounted prices.

     

    This year’s Black Friday falls on 26th of November, however, many e-commerce platforms in recent years open their offer to customers from the start of the month.

     

    For instance, Jumia, the leading e-commerce company in Africa scheduled its Black Friday sales to run through the month of November, with a grand finale on Friday, November 26th. This is usually done to enable more customers to enjoy the once in a year special sales window.

     

    It is also the time of the year when vendors on e-commerce platforms across the globe make their record sales.

     

     Tayo Fatuga, owner of Ortintin store, has been a vendor on the Jumia platform for the past two years.

     

    According to him, his sales experience during the 2020 Jumia Black Friday was massive and he’s hoping for better sales turnover in this year’s edition. 

     

    “ I actually joined the promotion last year and it was beyond my expectation. The orders I got really wowed me. In fact I got more than I bargained for and at a point in time I blamed myself why I had not stocked more.

     

    “This year, I am better prepared, my store has increased its inventory. I have more orders and I know that this Black Friday will be better than last year,” he said.

     

    A JForce Agent, Abraham Elegba who is really excited about black friday said  “This year’s Jumia Black Friday, I am excited because I know millions of items will be on promotion and it will be a good time for me and everyone to buy all the items that we couldn’t due to the rise in the price of things in Nigeria at the moment,” Abraham said.  A JForce agent is a sales consultant and a Jumia customer who earns a certain percentage as commission for successful orders placed for self or for others on Jumia’s platform.

     

    The entrepreneur, who is part of the Lagos State JForce network, further explained how the initiative helps meet the needs of consumers.

     

    “I have been a Jforce agent with Jumia for over 7 years now. Being a JForce agent is to provide customers satisfaction at the comfort of their homes with the best and affordable products. Most consumers are looking for the best product without stress.”

     

    For Jumia consumer, Blessing Benson, she is looking forward to Black Friday because it is an opportunity to acquire some of the products she has always purchased at a much lower price,

     

     “When I buy on Jumia, I buy items for my stretch marks. I buy on Jumia because it is convenient for me and it is guaranteed that I will get the items I ordered for ”

     

    Big global brands like Umdigi, Oraimo, Adidas, Samsung and  Unilever, all partnered with Jumia Nigeria for the 2021 Black Friday sales  to thrill their consumers with special offers that help maintain brand affinity and loyalty. Jumia’s partnerships with these brands and organizations have enabled SMEs to connect with millions of consumers online which in turn leads to job creations in the economy.

     

    So, if you have that high end product you’ve been looking to acquire, the ongoing Black Friday sales might be that big opportunity to own it. Just be on the lookout for what the partner brands are offering during the period. You can check online sales platforms like Jumia to get information on when and how to benefit from the Black Friday discounts. You might end up having a November to remember in that regard.

     

  • Lanre Adisa: For Noah’s Ark, Awards Come As Byproducts, Our Aim Is To Have Creative Works That Greatly Impact Businesses In Our Care

    Lanre Adisa: For Noah’s Ark, Awards Come As Byproducts, Our Aim Is To Have Creative Works That Greatly Impact Businesses In Our Care

     

    Lanre Adisa is the Chief Creative Officer/Chief Executive Officer at Noah’s Ark Communications. With Over 25 years marketing communications experience, Lanre who started his career as a trainee Copywriter at MC&A: Saatchi & Saatchi in 1990 where he began his journey through notable marketing communication firms in the following years; the likes of Rosabel Advertising , Franchise Communications, Insight Communications up to TBWA\Concept where he left after five years as an Executive Creative Director in 2008 to start Noah’s Ark Communications. Currently, LA as he’s popularly known occupies the 11th position on Lurzer’s Archive Global Creative Leadership Ranking. In this interview with ADEJUWON OSUNNUYI of BUSINESS BELLS, Lanre, who maintained that beyond  Awards, creative works should impact businesses, also speaks  on contemporary issues in the local advertising industry, including how Nigerian agencies have fared in recent times in continental and global competitions.

     

    Excerpts:

     

    Businesses appear to be shaking off the negative impact of the COVID-19/Lockdown era, how has it been for the creative industry?

     

    Obviously, the world is already waking up from the effects of the COVID-19 especially as it regards to business. Just few days ago,  the US allows fully vaccinated Europeans, especially, to come to the United States. There are so much policies around the world relaxing the restrictions on the pandemic. Even here in Nigeria, government has been allowing people to move around even though there might still be some COVID-19 protocols to observe. But by and large, the world is waking up again to business and we can see the effects of that as regards the creative industry. Clients are a lot more active now than they were when the pandemic started last year. It is a very good development for us knowing how bad that heat has been in Nigeria with the combination of the forex scenario which is coming down by the way and unfortunately the inflation that we’ve been battling with. As I speak to you, we have a prospect from Ghana who has been having a conversation with a colleague of mine. That tells you that yes, the world is already waking up.

      

     

    The fear was everywhere years back that the evolvement of social media and advancement in technology would deal a great blow on creativity. With the growth of the industry in the recent time, it seems reverse is the case. Is social media or technology still threat to the growth of creativity in the traditional marketing communications landscape? What’s your view?

     

    It was never a threat for starters. I don’t know who saw it as a threat. It was an opportunity to grow our industry, to reach out to more people. How many of our young people buy newspapers today? Forget about young people, I don’t buy  anymore. And that’s the reality. I have not bought one this year. I’m sorry. But I follow you online. I do things online. And that’s where the world is today. So it was never a threat. It is a new platform, a new way of communicating, a new medium. And like anything new, it would only take the adopters the opportunity to see whether it is working or not. On our side, on clients side, clients were reluctant at the beginning. They needed to be sure that this thing could really deliver. But now, we’ve seen that if you follow the money, a substantial part of what used to be our advertising budget, is going towards that direction. So it should not be seen as a threat. It’s about you up skilling. If you don’t have the capacity to avail the brands in your care, you have to invest in that. So if there is anything, it has made it easier for us to reach our emerging audience and even audiences that have been there before. It is measurable more than anything else which is welcome to clients. So if anybody saw it as a threat, I think they misread the future.  It is a big opportunity for us to expand our coast.

     

     

    In recent times, Noah’s Ark has become one of the most celebrated within and outside Nigeria; considering the number of awards it has raked in. What’s the magic?

     

    I can boldly say there’s no magic. I think like any human endeavor, you have to be cleared about what you want to do from the beginning. Our aim was not to win awards. Our aim was to create works that would do wonders in promoting the brands in our care, that will help them to unlock opportunities that would give them fair advantage over their competitors. You and I know that when you do works like that, it would stand out, it would resolute, and when that happens, it is very likely that it would also attract people who are looking for excellent works. That’s why  the awards are not our target  in works that we do. The primary reason for doing the work is that we want to be valuable partners to our clients, both current and prospective.

    The client is not going to come to us because we win awards. The clients would come to us because they know that the work that we do can have a big and positive impact on their businesses. If we are not doing that, that’s our primary reason for being, then we are fooling ourselves. The awards come as a byproducts, so to say, from what we’ve been doing. For you to win those awards, you have to also be outstanding. I can give you an example. For instance, there is a Canne Effectiveness award and what they do with canne effectiveness award is that they look at what you’ve done in the previous year, and they enter them into the next year to see what impact this particular set of work did for those brands. And based on that, it is interesting that they can see from the data that the award-winning work delivers more than in terms of sales and opportunities for the brands than those that did not win awards. There is also that feelings in the industry that oh, people just do this to win awards, and because they win awards, that being selfish on their parts. But no, those awards-winning ads resonated more with the consumers and delivers for the brands more than anything else. So, that’s the kind of works that we do when we have opportunity to do. Yes, we do win awards, no apologies about that because the primary reason for doing them is that they win the consumers over and when we win the consumers, it is very likely that we win also awards.

     

    About 10 years ago, the narrative was that the factors that were militating against local agencies from winning international awards were difficult to surmount, few years after, Noah’s Ark and a few agencies broke the jinx. What actually happened? In particular, what has Noah’s Ark done differently?

     

    For starters, one of the reasons for starting the agency was to serve as a form of intervention, let me put it that way. If you look at the continent, Southern Africa, you have South Africa and even Mozambique doing very well in the Gunn reports.

    The Gunn report is an aggregate of  all the awards around the world that the agencies have in their weight. You go to east Africa, recently, Kenya has also been able to register itself on that table. In north Africa, Egypt, Tunisia are there. But when it comes to West Africa, nobody was there for West Africa, nobody was speaking for West Africa. And we have advertising in this part of the world. We can go back to when Lintas was founded as West African Publicity company. As far back as 1928. So we are close to about 100 years of advertising in Nigeria. That was exactly the same year that advertising was started in India. For me, that was a motivation. Where is India today, where is Nigeria?

    So the motivation was that we want to place this country and by extension this region on that global stage. That we speak the same language, we meet all these people at the international fora. We want the world to hear our own voices, our own stories by telling stories that anybody anywhere in the world can relate with but they are specifically meant to relate with the Nigerian audience or West African audience. That’s what we’ve set out to do and it was deliberate. We are also deliberate in our agenda setting to say you know what; what and what do we need to do. Remember, we are the first to have our award in the Lurzer’s Archive; this archive is the best of the best around the world which comes out every other months. The work that goes inside the archive is meant to inspire the rest of the world. We were the first to do that as far back as 2011 or thereabouts.

    So it was deliberate and in doing that we have clients telling us they want to be there as well. So we tell them if you want to be there, you’ve got to create work that of standard. You don’t pay to get into it. It is the quality of your work that would get you into it. So we are the agency that was deliberate from the beginning about agenda setting for creativity, not just for ourselves, but for our industry. And we can see the fruits of that as we speak today.

    So, again, no magic. It is just about being deliberate and knowing that this is what we need to give to our industry. We all need that respect for our industry. We need prestige for our industry. We need our clients to respect what we do and for us to be able to be in tune with rest of the world. As a matter of fact, our vision statement from the beginning is that we want to be the leading most successful brands builders out of Africa.

    We are not saying that we want to be the most awards-winning agency in Africa. No.  We want to be in the league of the most successful brands builders out of Africa. And we are trying our best every passing day to fulfill that vision.

     

     

    As we speak, stakeholders in the industry are savouring the excitement from Noah’s Ark recent feat at the Loeries Creative Week 2021. From the record and report from the organizers, the agency didn’t only win, it was the only West African agency that won at an event that is regarded as the most coveted award event across Africa and the Middle-East. Is Noah’s Ark the only agency that applied from this part of the world and what have you guys been doing to raise the bar and clinch trophy at the continental award ceremony?

     

    I  can’t speak to that. Even though I am member of the Loeries committee, but I am not privy to knowing how many agencies entered from West Africa. I believe not only Noah’s Ark that entered, I believe so because there was a campaign to encourage agencies to enter for the Award. Of course, agencies did entered from Nigeria, from West Africa. But I must tell you, I was to go to South Africa as the member of the committee, but for certain reasons, I couldn’t make it. So I just found out from the CEO of Loeries that we have won. He said to me you have done very well. Anybody winning at the Loeries this year is very commendable because the stage was very high. I was on the Loeries jury, and I know that the stage are very high. So even if you made the final list as a shortlisted work to be a finalist is commendable. So to win any piece of metal, is quite commendable. That was what he said. So I believe other agencies did enter, knowing that the standard of the Loeries. It is not just about South Africa, the jurors come from other parts of the world as well. The standard are very high.

    I would be very happy to see other agencies win as well. We want more representations, we want more agencies from West Africa to get interested. We agencies to represent West Africa.  I believe that would happen soon. I believe this would inspire other agencies. This is not our first time of winning Loeries. The last time was in 2018. We won two awards at that edition. Before us, talking about the fact that it is about recreation, DBB was the first to win, that was the year before us. We need to have more success stories winning at international fora. Remember about the same 2018 or 2019, the commercial for Airtel; Amin won us the agency of the year at the Crystal. So these are the things we need to do and must continue doing them.

     

     

    The agency won with Bronze in the Print category with the campaign called ‘The StopCut Project’. Can you tell us about the thrust of the campaign and the objective?

     

    There is something about us as an agency. We don’t limit ourselves in anyway. We don’t limit ourselves saying something like oh we have this brief from that client and that’s all that is to life, let’s carry on. We always wanted to add values, we always want to influence our community where we are. We always want to look out for opportunities. Probably you can recall the work that we did back then when we embarked on the BokoHalal campaign which was a big project of ours.  We have always wanted to do a thing like that that can impact the society, that can bring out the light of things that people cannot even perhaps think about. So the FGM thing, Female Genital Mutilation, has always been with us.  So our team was thinking  about the pertinent issues around it. A girl-child situation is something that should concern all of us especially in regards to campaigning to stop some tradition that inhibit their development or progress in life. That was what led to that. After we thought about the idea, we decided to go and look for a partner who is also working actively in that space. So we found one in Hesse, the NGO that we partnered with. We completed the work and sent to them. They liked what we did. They coordinated it in a webinar to commemorate the World FGM day. The wife of Ooni of Ife, was part of that particular forum as well as other international personalities. The Stop-cut is beyond just a print ad, it’s a course and about making a statement. Like I said, it came from our initiative and we found a partner, facing the issue and hoping that it doesn’t stop there. The Stopcut campaign continues so that we would be able to influence societal thinking to stop some tradition for the betterment of our young girls and women.

     

     

    Going back to the industry, what can you say about the challenge of talent retention plaguing the Marketing Communications landscape?

     

     It is a problem that has always been with us and we know that. I think we also know the solution to that problem, but we have not done enough in applying solutions to it.

    Solutions is to create more rooms for fresh talents to come on board. That would only come from training them, because otherwise, we all suffer it. If we don’t have enough talents, the few that we have will keep getting recycled from agency A to B, C, D. Nobody gains expect the guys who are moving around like a piece of football. I believe that the industry is already alive to that. As a matter of fact, apart from one or two individuals who are doing some trainings, AAAN  has always had this thing about training academy, this year, with this new exco, the Adcademy, as they call it, has started doing some trainings. So is it enough? Not really, but it is the beginning. I believe a lot of young people need to be given chance to come on board.

    Outside of that channel,  every agency should have a policy or initiative that would encourage young people to come on board as interns, trainees. Some agencies do that. We do that as well. We need more people to do that so that we bring in young people in. We need them to be onboard.

    This country is buzzling with creative talents as you can see in the music industry, film industry, comedy and all of that. So why can’t we attract them to come into advertising? It is perhaps the best opportunity they have to express themselves. You create a work that people would see or hear everyday. That’s a great privilege. We need to do enough of selling ourselves to the young people by creating rooms for them. I think that is the key thing. If you look at the countries like India, talent is easier to come by because they’re on trainings. When you have a lot of talents, the cost of hiring becomes reasonable than what or where we are today.

     

     

    You have worked on great brands like MTN, Airtel, and so on. What determines your attraction to brands/clients? 

     

    These things work in different ways, but the kind of clients we would like to work for are clients with clear ambition in terms of what they want to achieve. We also have our own ambition. We want to be able to say while we came onboard a particular brand, we were able to achieve XYZ, even if we have to leave it tomorrow, but for that period we worked on the brand, hopefully, we don’t have to leave.

    Lanre Adisa: For Noah’s Ark, Awards Come As Byproducts, Our Aim Is To Have Creative Works That Greatly Impact Businesses In Our Care

     It is important that on our side or the client’s side, there’s an ambition to move from point A to point B. That’s when we can bring our best talent to bare.

    We desire and love a good problem, a good marketing problem that bring out the best in us. Then we can go back and say, see what we did. To us, that’s very important.  We don’t want to just do it for the money, we want to do it for the impact more than any other thing. That’s a big attraction to us. When we find clients like that, we always hold onto them.

     

    What gap was Noah’s Ark created to fill at the beginning? Looking back, will you say it has achieved the objective for which it was established?

     

    Yes there was a clear aim in establishing the agency. My thought then was that there was not enough competition, even with the presence of big players. But in terms of the values being generated, I thought we could do more competition, I thought the industry could grow a little more by bringing a new generation. I was hoping that in doing that also, we could be inspiring other people to give it a shot. I think to a large degree, that has been achieved. But I would borrow a leaf from one of people I respect a lot, RGA in the US that said they are a 90 percent agency. In other words, they never grow fully, that they will keep striving in achieving whatever they’ve achieved, they would keep striving, there’s always room for doing more.

    But as regards the original thinking of being 90 percent, for the past 13 years, some freshness, some dynamism have been brought to the industry as modestly as possible, as I look at generation of agencies that have emerged since that time. I feel we have probably done something and we are still doing something.

     

    Now that global business is stabilizing, are you reconsidering affiliation again what is your view about the concept generally?

     

    There’s nothing wrong with affiliation as long as it is in line with your objectives. We were in some affiliation with Dentsu Network, and we pulled out of it by last year because it wasn’t meeting with our own objectives as a business. There’s nothing wrong with anybody affiliating with anybody. So, as a business as we are, we are fully independent, and we are enjoying every bit of that in terms of more opportunities out there. Hence, we are not considering affiliation if that’s your question. But whatever works in the best interest of our business, of our future, we always go for it. We believe where we are now, we have grown our own equity in a way that appeals to  certain kinds of businesses, any kind of prospects. But even if affiliation is about having access to international facilities, we are not being denied that based on our own equity and as a matter of fact, we are not affiliated but we are associated with a body of independent agencies all over the world under the aegis of Network one of UK. So we are all independent agencies, we train our people, we train ourselves, we open doors of opportunities that get leads and calls across Africa and other parts of the  world as a result of this association.

     So we are not affiliated, but we are aligned with global players which is what one of those things we want to get from affiliations, training your people, being able to generate leads that could increase your business. So we are being taken care of. We are comfortably independent as we are.

     

    Finally, if you are tapped to name one campaign you have handled in recent time that excites you most and impact on the bottom line of your client’s business, which one will you single out?

     

    That’s a tough question. It’s like you are asking that out of your children, which of them do you love the most. It is a difficult one because for me, I cherish the experience of tackling a problem. No matter how small that brand might be, it means a lot more to us. That we are able to crack it is very worthy to us. I just look back over the years in terms of my career, I pack that aside and look at Noah’s Ark, we have done quite some interesting things for couples of clients that we are very proud of anytime. Starting from our first major client, Indomie, for instance. That was a big brand, but they were being able to bring a young agency up and still turns things around that everybody is talking about today and grows the brand to the extent that that brand is now grown the group to where they are today attracting international brands. I am proud of that. I am proud of what we’ve done for FrieslandCampana’ s Three Crown. Who could have thought that Three Crown would be what it is today? We engaged the Three Crown for about seven years ago, and like they say, the rest is now history. That has been history in terms of turning things around, and other smaller businesses. Of late, of course, everybody wants to talk about Airtel. We have been on Airtel and we are very proud of the brand being able to give it a turnaround in terms of image and impact and being able to make it a reference point in its industry and beyond. Now, we see the brand going to a point where it’s on the Lagos Stock Exchange, London Stock Exchange. The CEO that we started working with is now the CEO for Africa. These are signs of success and we are proud of them as our partners. There are a whole lots of them that we are still yet to unearth. We do get a lot of referrals. People call to say we like what you are doing for this particular brand, that we would like to work with you. Like I said I can’t just say this is the best.  Every work we have done has got a role to play in shaping us as an agency.

     

  • ‘Why Appetite For Arbitration As Prominent Method of Dispute Resolution Among Businesses Is On The Rise’

    ‘Why Appetite For Arbitration As Prominent Method of Dispute Resolution Among Businesses Is On The Rise’

     

    Considering the cost implications to businesses,  experts and practitioners in  ADRs have advocated arbitration as a prominent method of dispute resolution.

     

    According to them, while recourse to arbitration is on the rise as a prominent method of dispute resolution, the right ethical conduct is becoming even more important than ever in ensuring fair and effective outcome as this will maintain the integrity of the system as well as confidence of the public in the process.

     

    The experts made the submission at the 2021 Annual Conference and Investiture Award Ceremony of the Nigerian Institute of Chartered Arbitrators (NICArb) held in Lagos recently.

     

    The conference, which was held for the first time in the history of the institute, as a hybrid conference, was themed: Disruption and The New Normal in Arbitration/ADR- A Way Forward.

     

    The conference focused on providing a forum for users, experts and practitioners in arbitration and other ADRs across sectors in the African Continent and beyond, to discuss, share knowledge and proffer solutions from the aftermath of COVID 19 disruptions.

     

    While the impact of COVID-19 is felt differently among nations, the experts submitted that the consequential effect on arbitration and other forms of ADR remains a thing of great concern.

     

    The presentations therefore showed that practitioners must continue to evolve ways of surmounting them and move the arbitration practice forward, despite the limitations.

     

    The disruption has created a new narrative and a new normal and the expectation is for a the more pragmatic approach of fashioning a way forward in order to adapt to the disruption and harness the benefits of the resultant changes.

     

    With the future of Arbitration and the future of the world being remote, decentralised and digital, the experts said there is a fusion for in person and virtual experience referred to as a hybrid as that is the future of Arbitration proceedings.

     

    The conference had over 200 delegates physically and over 100 delegates online with about 50 speakers from all over the world who participated in the annual conference.

     

    The conference commenced with the welcome remarks by Sir Oladipo Opeseyi, SAN, FCArb, Chairman, 2021 Annual Conference Planning Committee, while the welcome address was delivered by Professor Fabian Ajogwu, SAN, incoming President and Chairman of Governing Council of the institute.

     

    The conference concluded that while the Covid 19 social distancing world has brought virtual meetings to the fore for many businesses and government organs including courts, the arbitration community and the ADR community in general is better equipped to take the stage and lead in the resolution of issues between disputing parties who are confined to their rooms because of the ban on international travels.

     

    Also, the conference alluded to the fact that  the arbitration community and the ADR community in general is also better equipped to  lead in the resolution of commercial issues with its more efficient procedures and ease with which its procedures can be adopted to the virtual environment limited only by the consent of the parties.

     

    According to the experts, while some advantages of virtual arbitration/ADR includes fast, flexible and cost effective, as many countries and business grapple with the harsh economic realities occasioned by the devastating effect of covid 19 on the economy, virtual arbitration/ADR provides a versatile solution in the resolution of disputes.

     

    To them, the NICArb’s global network and indeed that of other African countries means that it can develop and implement localised strategies for meeting these goals.

     

     “Working collectively, these countries can accomplish each of these strategies, aims and continue its rightful place as the world class certification and professional body for dispute avoidance and management,” they submitted.

     

    Meanwhile, the Lagos State Government said it has intensified efforts to make the state a hub for arbitration processes both internationally and domestic .

     

    According to the state government, this will assist to guarantee investors that their investments are safe and guided by the rule of law and by so doing,  boost investment and investor’s confidence.

     

     Unlike litigation, arbitration presents a new frontier in today’s evolving world and this represents the future which Lagos State said it has embraced and as theme of the Conference shows, we are in the new normal which shows that potential technology is not destructive to the rule of law but an enabler to increase access to justice.