Hakeem Belo-Osagie

Biography

Hakeem Belo-Osagie is a Nigerian businessman and philanthropist. He was detailed by Forbes Mag as the forty-first richest guy in Africa in 2014. Belo-Osagie started his profession being a petroleum economist and attorney, following his graduation from Harvard Business College. For a lot more than three years, he is a essential participant in the Nigerian overall economy through his involvement in several personal sector businesses; especially in the areas of energy, fund and telecommunications. Belo-Osagie happens to be the chairman of Etisalat’s Nigerian arm, where he controls a substantial stake. He also offers a variety of various other business passions in Nigeria. Belo-Osagie and his wife, the attorney Dr Myma Belo-Osagie (a founding partner of Udo Udoma & Belo-Osagie), are observed philanthropists who believe highly in the energy of education. They may be among the biggest donors towards the African Management Academy in Johannesburg, and also have endowed a account for the advertising of Africa at Yale. The few will also be followers of Harvard University’s Middle for African Research, and Belo-Osagie has generated a scholarship to aid African students their studies at Balliol University, Oxford. Belo-Osagie and his wife are both users of Harvard University’s Global Advisory Council. Belo-Osagie also acts around the Yale University or college President’s Council on International Actions and the brand new York University or college President’s Global Council. Furthermore, Belo-Osagie sits around the International Advisory Council from the Brookings Organization as well as the Global Table of Advisors from the Council on Foreign Relationships.

Personal life and education

Belo-Osagie was created in Lagos, Nigeria in 1955. His dad was a specialist gynaecologist and his mom was a nurse. He went to King's University in Lagos and finished his supplementary education in the United Globe College from the Atlantic in Wales.Belo-Osagie keeps a law level from the University or college of Cambridge, a MA in Politics, Viewpoint and Economics from your University or college of Oxford and an MBA from your Harvard Business College. He is an associate from the Nigerian Pub Association.He currently lives in Nigeria with Dr Belo-Osagie and their four adult children

Career

Oil industryBelo-Osagie returned to Nigeria soon after graduating from Harvard in 1980. He started his profession in the services of the government of Nigeria employed in several capacities in the power sector which range from Particular Assistant towards the Presidential Adviser on petroleum and energy, to Secretary from the Essential oil Plan Review and LNG Committees. He eventually worked in the Petrochemicals Department from the Nigerian Country wide Petroleum Company. He resigned his session in 1986 to create CTIC, which became a respected energy consulting solid.FinanceIn 1998 Belo-Osagie became the chairman from the plank of directors from the United Loan provider for Africa Plc (the "UBA"), among the largest industrial banks in Nigeria. He resigned out of this post in March 2004, in the wake of unsubstantiated allegations created by The Central Loan provider of Nigeria (the "CBN") the fact that UBA have been involved with unlicensed forex trading. Due to these allegations, Belo-Osagie was instantly blacklisted with the CBN. In 2005, regional reports suggested the fact that Nigerian Economic and Financial Offences Commission had released a study into Belo-Osagie's chairmanship from the UBA. No legal charges had been ever submitted against him. On 24 May 2010 the CBN recognized its activities to have already been unduly punitive, and taken out Belo-Osagie from its blacklist with instant effect.Belo-Osagie can be the creator and ex - chairman of Initial Securities Discount Home, now referred to as FSDH Merchant Loan provider Limited. FSDH is certainly Nigeria’s leading cash marketplaces and Treasury costs trading financial providers firm.Telecommunications and other latest venturesBelo-Osagie happens to be the chairman from the table of directors of Emerging Marketplaces Telecommunications Solutions Ltd, a mobile phone phone operator which operates in Nigeria beneath the ‘Etisalat’ brand. He's the ultimate helpful owner of a substantial stake in the business, which is managed as a jv with Mubadala Advancement Company as well as the Etisalat group.Belo-Osagie may be the chairman of and primary shareholder in Duval Properties Small, a real property organization currently engaged in creating a main new residential and business district in Jabi Lake in Abuja. He also seats the table of Vitol Nigeria, which really is a subsidiary from the Swiss-based Vitol Group, a multinational energy and product trading firm.Belo-Osagie in addition has recently committed to Andela, which is creating a network of top quality pc science education programs over the African continent. Andela operates a self-financing style of education: it money working out of promising youthful programmers, and produces revenue by providing its graduates' solutions to a variety of global customers. Belo-Osagie also rests on Andela's table.nonexecutive and honorary positionsBelo-Osagie sits within the Global Plank of Advisers from the Council on Foreign Relationships, a leading nonpartisan US think-tank. In 2015, Belo-Osagie was appointed towards the International Advisory Plank from the Brookings Organization in Washington DC, which includes been referred to as the most important think-tank in the globe.Belo-Osagie and his wife both serve while users of Harvard University's Global Advisory Council. Belo-Osagie can be a member from the Yale School President's Council on International Actions and the brand new York School President's Global Council.Belo-Osagie was appointed with the Nigerian Minister from the Government Capital Territory to do something as a nonexecutive chairman from the Abuja Expenditure Company from 2007 to 2011. He didn't receive a income for this function. Belo-Osagie also presently chairs Chocolate Town Music Group, a respected Nigerian entertainment firm.

Philanthropy

Belo-Osagie and his wife are among the biggest donors towards the African Management Academy (the "ALA"), a residential supplementary college in Johannesburg that functions to teach Africa's brightest learners. Founded in 2008, the extremely selective ALA immerses appealing young people within a strenuous two-year curriculum of command, program and African research. The ALA network of alumni contains almost 500 young leaders attracted from forty three countries over the continent. In 2012, the academy revealed the "Hakeem and Myma Belo-Osagie Wing", called in recognition from the couple's support from the ALA and their advocacy on its behalf.The couple have recently established the "Hakeem and Myma Belo-Osagie Fund for the Promotion of Africa" at Yale University, and so are supporters of Harvard University's Center for African Studies. Belo-Osagie in addition has endowed a finance to supply scholarships for African learners their studies at Balliol University, Oxford.Belo-Osagie serves in the plank of Alfanar, a charity which applies the concepts of personal sector expenditure to charitable offering to greatly help build lasting social enterprises through the entire Arab world. He also chair the Nigerian Country wide Committee for the United Globe Colleges, which helps the organisation's member schools in identifying ideal candidates because of their two-year International Baccalaureate scholarship or grant programs. Mr Belo-Osagie in addition has funded many scholarships towards the United World Schools.

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