Motivational Personality of the Week- Hakeem Belo-Osagie
Hakeem Belo-Osagie is a Nigerian businessman. He is the Chairman of Metis Capital Partners, an organization focused on brokering & delivering attractive, large-ticket transactions in Africa to select blue chip international investment partners. He was listed by Forbes Magazine as the forty-first richest man in Africa in 2014.
- Belo-Osagie was born in Lagos, Nigeria in 1955. His father was a professional gynaecologist and his mother was a nurse. He attended King’s College in Lagos and completed his secondary education at the United World College of the Atlantic in Wales.
- He holds a law degree from the University of Cambridge, a MA in Politics, Philosophy and Economics from the University of Oxford and an MBA from the Harvard Business School. He is a member of the Nigerian Bar Association.
- Belo-Osagie started his career in the service of the Federal Government of Nigeria working in various capacities in the energy sector ranging from Special Assistant to the Presidential Adviser on petroleum and energy, to Secretary of the Oil Policy Review and LNG Committees. He also served as Special Assistant to the Minister of Petroleum and Energy. He subsequently worked in the Petrochemicals Division of the Nigerian National Petroleum Corporation. He resigned his appointment in 1986 to set up CTIC, which became a leading energy consulting firm.
- He served as the Chairman of the board of directors of the United Bank for Africa Plc, one of the largest commercial banks in Nigeria, from 1998 to 2004. He is also the founder and former Chairman of First Securities Discount House, now known as FSDH Merchant Bank Limited, Nigeria’s leading money markets and treasury bill trading financial services firm, in which the IFC is an equity investor.
- He is currently the Chairman of the board of directors of Emerging Markets Telecommunications Services Ltd (‘EMTS’), a mobile telephone operator which operates in Nigeria under the ‘Etisalat’ brand. He is an equity investor in that company, through one of his investment vehicles, together with Mubadala Development Company and Etisalat.
- Belo-Osagie is the chairman of and main shareholder in Duval Properties Limited, a real estate company currently engaged in developing a major new residential and commercial district at Jabi Lake in Abuja. He also chairs the board of Vitol Nigeria, which is a subsidiary of the Swiss-based Vitol Group, a multinational energy and commodity trading firm.
- He was appointed by the Minister of the Federal Capital Territory to act as a non-executive chairman of the board of directors of the Abuja Investment Corporation from 2007 to 2011. He did not receive a salary for this role.
- Belo-Osagie and his wife, a lawyer Dr. Myma Belo-Osagie (a founding partner of Udo Udoma & Belo-Osagie), are noted philanthropists who believe strongly in the power of education. They are among the largest donors to the African Leadership Academy (ALA) in Johannesburg and have endowed a fund for the promotion of Africa at Yale University. The couple are also supporters of Harvard University’s Center for African Studies, and Belo-Osagie has established a scholarship to support African students studying at Balliol College, Oxford.
- Belo-Osagie and his wife are both members of Harvard University’s Global Advisory Council. He also serves on the Yale University President’s Council on International Activities and the New York University President’s Global Council. In addition, Belo-Osagie sits on the International Advisory Council of the Brookings Institution and the Global Board of Advisors of the Council on Foreign Relations.
- Belo-Osagie serves on the board of Alfanar, a charity which applies the principles of private sector investment to charitable giving to help build sustainable social enterprises throughout the Arab world. He has also funded several scholarships to the United World College.