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At UBA Business Series, Experts Say Innovation, Passion Crucial To Build Lasting Businesses

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Building businesses that stand the test of time requires a blend of innovation, unwavering focus, and passion. This was the key takeaway from the latest edition of the United Bank for Africa (UBA) Business Series, hosted on Thursday,

With the theme: “Profit with Purpose, Business Continuity,” the event which was held at the Tony Elumelu Amphitheatre, UBA House, Marina, Lagos, brought together top industry leaders and entrepreneurs who shared actionable insights and strategies for ensuring business resilience and sustainability in today’s dynamic economic environment.

Founder, Terra Kulture, Bolanle Austen-Peters, Chief Executive of Asadtek Group Limited, Ghana; Dr. James Asare-Adjei; Award winning TV Personality & Multi Media Entrepreneur, Frank Edoho, Celebrated multimedia personality, Toke Makinwa and founder of Nigeria’s pioneering indigenous premium coffee brand, Happy Coffee, Princess Adeyinka Tekena, were on ground to share their business journey and give insights on how businesses can stand the test of time and thrive in a competitive environment.

Bolanle Austen-Peters who is also a Prominent Lawyer, Award Winning Film Director, and Producer, was the keynote speaker at the event and she spoke on the need for small and medium scale businesses to define their purpose, build a workable framework and have a team that shares in your vision.

On how she has run a business successfully for over 20 years, she said, “I can never overemphasise the role that purpose plays in your business. There is the need for business owners to set clear goals and achievable targets. From Day one, I started with having an organisational structure like what we have in banks, complete with legal structure, a board of Directors, administrative Officers, and all.

Continuing she said, “The truth is that if you do not have a framework for your business, you may just be another business from the street. Putting together a structure shows that you are in for serious business, and people will treat your business as such,” she explained.

James Asare-Adjei from Ghana, who also shared that key essentials like being innovative and having integrity said that MSMEs need to identify areas that they can excel at and work towards building it. “As business owners, you need to take advantage of the market available to you, and ensure that you add value at every point.

For Frank Edoho, passion remains an essential ingredient that drives business growth. “Passion is very important, as business owners, you should stick to your guns and learn from what others are doing and add it to your experience to make your business better,” he explained.

“One of the things I did to grow my brand was that I was very focused,” said Toke Makinwa, who recalled her humble beginnings as a banker and later a broadcaster. “I kept the right attitude and surrounded myself with people who are team builders. These are winning strategies anytime,” she noted.

Princess Adeyinka Tekena, who is a beneficiary of the Tony Elumelu Foundation (TEF) Grant, said the $5,000 grant she won in 2015, helped to build her business from ground up and the business has been thriving for over 10 years now. She pointed out that tenacity, determination and financial discipline have been some of the factors that have contributed to the growth of her small business.

UBA’s Group Head, Marketing and Corporate Communications, Alero Ladipo, who commended the participants for sharing valuable insights explained that with these regular capacity building programs, UBA focuses on empowering other business owners to build sustainable businesses.

“At UBA, it is not just about Banking, we are also passionate about helping our customers to grow thriving businesses, and that is why we do this on a regular basis,” she noted.

The UBA Business Series is a regular seminar/workshop organised by the bank as one of its capacity-building initiatives, where leading business leaders and professionals share well-researched insights on relevant topics and best practices for running successful businesses, especially in difficult business challenges.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group wide and serving over 45 million customers globally. Operating in twenty African countries and the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

BIG STORY

JUST IN: Court Strikes Out FG’s Criminal Charges Against Natasha

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An Abuja High Court, on Thursday, struck out the criminal charges instituted by the Federal Government against the lawmaker representing Kogi Central, Senator Natasha Akpoti-Uduaghan, effectively bringing to an end a high-profile legal battle that sparked national debate.

Court records showed that the Office of the Attorney-General of the Federation filed a Notice of Discontinuance, prompting the court to formally strike out the criminal defamation and related charges that had been earlier preferred against the senator.

The case, which attracted intense public scrutiny, stemmed from comments allegedly made by Akpoti-Uduaghan during a televised interview.

The prosecution of the matter had generated sustained debate around freedom of expression, political accountability, and the limits of prosecutorial powers in a democratic setting.

The Notice of Discontinuance, dated December 12, 2025, brought proceedings in suit number FHC/ABJ/CR/195/2025 to an end.

Presiding over the matter on Thursday, Justice C. N. Oji acknowledged the notice and accordingly struck out the case.

In his remarks, the judge noted that the development underscored the need for restraint in the exercise of prosecutorial powers.

“The court hopes that this decision will pave the way for restraint, healing, and respect for the rule of law in our democratic process,” he said.

Counsel to the Federal Government confirmed the withdrawal of the charges in open court.

“On behalf of the Honourable Attorney-General of the Federation, we have filed a notice of discontinuance in line with the provisions of the Administration of Criminal Justice Act. This decision is taken in the overall interest of justice and public confidence in the legal system,” he said.

Reacting after the court session, Senator Akpoti-Uduaghan described the outcome as a vindication of her position.

“Today’s outcome affirms my belief in the rule of law. I remain committed to serving my constituents and defending the democratic rights of all Nigerians,” she said, while thanking her legal team and supporters for their steadfast backing throughout the proceedings.

The striking out of the charges follows months of legal controversy and sustained public discourse, with several civil society organisations and rights groups previously condemning the case as an attempt to stifle free speech and political engagement.

 

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BIG STORY

US Suspends Immigrant Visa Processing For Nigeria, Ghana, 73 Other Countries [FULL LIST]

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The United States announced on Wednesday that it is suspending the processing of immigrant visas from 75 countries, President Donald Trump’s latest move restricting entry for foreigners seeking to live in America.

A State Department spokesperson said, “The State Department is pausing immigrant visa processing for 75 countries.”

According to a memo seen by Fox News Digital, consular officers have been directed to refuse visas under existing law while the department reassesses its screening and vetting procedures.

The pause will begin on January 21 and will continue indefinitely until the review is complete.

The full list of affected countries, arranged by continent, is as follows:

Africa (27 countries)
Algeria
Cameroon
Cape Verde
Cote d’Ivoire
Democratic Republic of the Congo
Egypt
Eritrea
Ethiopia
Gambia
Ghana
Guinea
Liberia
Libya
Morocco
Nigeria
Republic of the Congo
Rwanda
Senegal
Sierra Leone
Somalia
South Sudan
Sudan
Tanzania
Togo
Tunisia
Uganda
Yemen

Asia (22 countries)
Afghanistan
Armenia
Azerbaijan
Bangladesh
Bhutan
Burma
Cambodia
Georgia
Iran
Iraq
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Laos
Lebanon
Mongolia
Nepal
Pakistan
Syria
Thailand
Uzbekistan

Europe (8 countries)
Albania
Belarus
Bosnia
Kosovo
Macedonia
Moldova
Montenegro
Russia

North America & the Caribbean (13 countries)
Antigua and Barbuda
Bahamas
Barbados
Belize
Cuba
Dominica
Grenada
Guatemala
Haiti
Jamaica
Nicaragua
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

South America (3 countries)
Brazil
Colombia
Uruguay

Oceania (1 country)
Fiji

In total, the United States’ visa suspension affects 75 countries, including 27 in Africa, 22 in Asia, eight in Europe, 13 in North America and the Caribbean, three in South America, and one in Oceania.

The move affects thousands of prospective immigrants and comes amid ongoing debates over the United States’ immigration policies, with officials citing the need to strengthen national security and ensure proper vetting.

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KWAM 1 Petitions Ogun Government, Seeks Nullification of Awujale Nomination Exercise

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Wasiu Ayinde, the veteran Fuji musician, also known as KWAM 1, has petitioned the Ogun State Executive Council to nullify the January 12, 2026, nomination exercise for the Awujale of Ijebuland stool.

The musician alleged that he and other eligible members of the Fusengbuwa ruling house were unlawfully excluded from participating in the exercise.

The petition, submitted through his solicitors and supplementing prior complaints, claimed that at the meeting held at Bisrod Hall in Ijebu-Ode, heavily armed security personnel, including police, restricted entry to only those with special “delegate” cards issued by a faction of the ruling house.

According to the petition, the action imposed an unauthorised delegate system contrary to the direct, inclusive participation required by the Obas and Chiefs Law of Ogun State 2021 (Section 16(1)(f)) and the Awujale chieftaincy declaration.

“Our client is an acknowledged and eligible member of the Fusengbuwa Ruling House and an aspirant to the vacant stool of the Awujale of Ijebu Land,” the petition reads.

“This petition addresses the grave procedural irregularities and the unlawful exclusion of our client and other legitimate members from the nomination meeting of the Fusengbuwa Ruling House held on January 12, 2026, which actions fundamentally undermine the integrity of the selection process for the revered Awujale stool.”

The controversy follows the July 2025 passing of Sikiru Adetona after a 65-year reign, with the Fusengbuwa ruling house next in rotation to nominate candidates.

A January 6, 2026, letter from the Ijebu-Ode LGA had directed a full statutory meeting within 14 days, without reference to delegates, screening, or nomination forms.

The petitioners argued that this unilateral approach disenfranchised legitimate members and violated constitutional rights to a fair hearing under section 36(1) of the 1999 Constitution, principles of natural justice, and the Supreme Court.

The petition includes a list of excluded individuals, including Adetayo Abayomi Oduneye, Adeyemo Ridwan Afolohunso Oduneye, M. O. Alatishe, Adetoun Oduneye, Adebambo Oduneye, Ashiru Saheed Orisanmi, Adesanya Johnson Adekunle, Adesanya Adetayo, Tunde Banjo, Orekoya Adekitan, Bolanle Ashiru, Olalekan Olubanjo, Temitope Ashiru, Saidat Ashiru, and Adebola Adesanya.

The petition declared the exercise procedurally defective, null and void, and warned of potential protracted litigation and unrest if uncorrected.

 

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