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Dupe Olusola To Be Awarded Hospitality Leadership Award At AHIF

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At the Africa Hospitality Investment Forum (AHIF), taking place in Namibia in June, Alain Sebah, President, Golden Tulip Afrique Francophone & East Africa (GTAF), and Dupe Olusola, Managing Director and CEO, Transcorp Hotels Plc, will both receive awards recognising their professional accomplishments. Alain will receive the Outstanding Contribution Award and Dupe the Leadership Award.

Dupe Olusola – Leadership Award

Dupe became Managing Director and CEO of Transcorp Hotels Plc during the COVID-19 pandemic when occupancy fell to just 5%. She led the company back to profitability faster than most of the world’s hospitality companies, with the share price growing over 600% in 2023.

Under her leadership, the company has extended its offer; historically an award-winning business hotel, the company’s flagship property Transcorp Hilton Abuja had since introduced leisure offerings, finding the perfect blend of business and leisure. The company has also won over 40 awards since Dupe became Manging Director/CEO. She has won several personal awards, including CEO of the Year. Transcorp Hilton Abuja has elevated its status as the place to stay and to hold major events in Nigeria’s capital city. In November 2023, with banqueting enquiries exceeding capacity, Dupe set up marquees within the grounds of the hotel rather than turn away business.

Dupe Olusola commented on receiving the Leadership Award: “I am deeply honoured to receive the Leadership Award at AHIF. This recognition is a testament to the incredible dedication and hard work of the entire Transcorp Hotels team. Together, we have navigated challenging times and emerged stronger, continually pushing the boundaries of excellence in hospitality. I am proud of what we have achieved and excited about the future as we continue to innovate, expand and deliver outstanding experiences for our guests.”

Matthew Weihs, Founder of the Africa Hospitality Investment Forum (AHIF), said: “It will be an enormous pleasure to see two exceptionally impressive individuals receiving African hospitality industry ‘Oscars’ at AHIF. Alain is one of the great statesmen of the sector, who has achieved consistent success through a brilliant mix of charm, dynamism, flexibility and commercial nous. The operational excellence his team has achieved in Cotonou is fantastic, as was the deal he signed in Abidjan at the height of the pandemic.”

“Dupe’s record is outstanding. She became the first female CEO of a N1 trillion company shortly after Transcorp ended the year as the best performing stock on the Nigerian Exchange. One has to admire her ability to inspire people and the innovative way she fought to retain guests when other hoteliers would simply have said they were fully booked.”

Alain Sebah – Outstanding Contribution Award

Alain founded GTAF a decade ago, since when he has opened 11 hotels and has 5 under construction. He has been responsible for growing the brand in both French and English-speaking Africa, focusing on management and franchise agreements. In doing so, he overcome numerous challenges, including industry scepticism. He has demonstrated resilience and strategic vision; delivered exceptional guest experiences, advanced career opportunities for employees and won the confidence of investors.

AHIF takes place at the Mövenpick Hotel, Windhoek, Namibia, 25th – 27th June 2024.

The event is the most influential gathering of hospitality executives in Africa, connecting business leaders and fuelling investment in tourism projects, infrastructure, and hotel development across the continent.

 

  • About the Africa Hospitality Investment Forum (AHIF)

AHIF is the premier hotel investment conference in Africa, attracting many prominent international hotel owners, investors, financiers, management companies and their advisers. It is organised by The Bench (www.thebench.com), which has a long track record of delivering multiple premium hotel investment conferences and forums across Europe, the Middle East, Africa, Asia and Latin America. The Bench’s mission is enabling prosperity by facilitating growth, networking, and thought leadership in the hospitality industry worldwide.

www.thebench.com.

Sponsors of AHIF are Host Sponsor: Namibia Investment Promotion and Development Board (NIPDB); Host Partner: Kasada Capital Management; Platinum Sponsors: ClubMed, Radisson Hotel Group; Gold Sponsors: Accor, Aleph Hospitality, BWH Hotels, CHIC, CityBlue, hansgrohe, IHG Hotels and Resorts, Knight Frank, Kofisit, LEVA, Marriott International. Millennium Hotels and Resorts; Silver Sponsors: Gondwana Collection, HVS, STR, TIME Hotels, TV5Monde; Tuck Shop Sponsor: Profica; Bar Sponsor: Zia Travel Atelier; Exhibitor: MultiChoice Namibia; Networking Sponsor: Talinda; Official Carriers: Discover Airlines, FlyNamibia, South Africa Airways.

 

Further Information

For further information and high-resolution images, please contact: David Tarsh on +44 (0) 20 7602 5262, +44 (0) 7770 816 070 or email: [email protected].

BIG STORY

BREAKING: Court Grants Yahaya Bello N500m Bail Amid “N110.4bn Fraud” Case

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The Federal Capital Territory High Court in Abuja on Thursday granted the immediate past Kogi State Governor, Yahaya Bello, bail in the sum of N500 million and three sureties.

The trial judge, Justice MaryAnne Anenih, made the pronouncement after hearing the fresh bail application brought before the court following the court’s refusal to grant Bello bail at the previous sitting.

Bello, alongside two others, Umar Oricha and Abdulsalami Hudu, are facing trial on 16 counts brought against them by the Economic and Financial Crimes Commission, concerning criminal breach of trust and money laundering amounting to N110.4 billion.

However, the court granted bail to the second and third defendants in the sum of N300 million with two sureties, along with other conditions.

Outlining the conditions for Bello’s bail, the judge stated that the sureties must be responsible citizens who are landowners in any of the listed areas in Abuja – Maitama, Guzape, Apo, Wuse 2, or Asokoro.

She ordered that the sureties must deposit the documents of the property with the court’s registrar, along with two recent passport photographs.

Justice Anenih also ordered that Bello must deposit two copies of his recent passport photograph, alongside a photocopy of a means of identification, which could either be an International Passport or National Identity card, after presenting the original to the court’s registrar.

She ruled, “The first defendant must not travel without the permission of this court, and he shall remain in the Kuje Correctional Facility until the bail conditions are met.”

Recall that on December 10, the court had rejected Bello’s bail request, citing procedural irregularities in the filing of the application.

Justice Anenih, while delivering the ruling, explained that the application was premature and filed before Bello was present in court or custody.

The court noted that the bail application, dated November 22, 2024, was submitted before Bello’s arraignment, which took place on November 27, 2024, days after he was taken into custody on November 26, 2024.

She said, “Having not been filed when the first defendant was either in custody or before the court, this instant application is incompetent.”

“Consequently, the application, having been filed prematurely, is hereby refused.”

 

More to come…

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BIG STORY

‘N110bn Fraud’: Court To Hear Yahaya Bello’s Fresh Bail Application Today

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A Federal Capital Territory (FCT) High Court will today hear the bail application filed by Yahaya Bello, former governor of Kogi.

Bello and his co-defendants, Umar Shoaib Oricha and Abdulsalami Hudu, were arraigned on November 27 before the FCT court on a 16-count charge related to alleged money laundering amounting to N110 billion.

On December 10, Maryann Anenih, the trial judge, adjourned the case to January 29 and 30, and February 25 and 27, after refusing to grant bail to the former governor.

The trial judge declined Bello’s bail request on the grounds that the application was filed prematurely.

Anenih stated that the bail application was submitted before the ex-governor was taken into custody.

The judge emphasized that the provisions of the Administration of Criminal Justice Act (ACJA) 2025 stipulate that bail applications could be tendered once a defendant has been arrested, detained, arraigned, or brought before the court.

Although Bello was arrested by operatives of the Economic and Financial Crimes Commission (EFCC) on November 26 and arraigned the following day, his bail application was filed on November 22, four days before his arrest.

Bello’s legal team, led by Joseph Daudu, has filed a new bail application, and the court has agreed to hear the application on December 19.

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BIG STORY

Buhari Didn’t Remove Petrol Subsidy Because He’s Friend Of The Poor — Femi Adesina

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Femi Adesina, spokesperson to former President Muhammadu Buhari, said his principal did not remove the petrol subsidy because he cared about its implications on “ordinary” Nigerians.

In a tribute to commemorate Buhari’s 82nd birthday on Tuesday, Adesina said the decisions of the former president were based on his love for “poor and underprivileged” Nigerians.

Adesina mentioned that the Buhari-led administration was aware that the country was spending huge resources on the petrol subsidy.

The former presidential spokesperson described Buhari as “ore mekunu,” a Yoruba phrase that means friend of the poor.

Adesina recalled that during the 2020 COVID-19 lockdown, Buhari instructed Zainab Ahmed, the former Minister of Finance, to ensure the timely payment of workers’ salaries and pensions.

He added that Buhari understood the challenges workers faced during the pandemic and was determined to avoid the additional burden of unpaid salaries.

“The Big Elephant in the room. Removal of fuel subsidy. Did you think the Government didn’t know that the money guzzling monster had to be slain? It knew,” Adesina wrote.

“But who ensured that subsidies remained as long as they did? Buhari. And why? The people, the ordinary people. His argument was always simple:

“When oil sold for at least 100 dollars per barrel in the international market, rising even to as high as 140 dollars per barrel, what did the ordinary people gain? Nothing! So why should they be the ones to bear the brunt when oil prices fall?”

“By the time the administration ended, all, including the three main presidential candidates, were resolved that oil subsidies had to be removed.

“It was not unlikely that President Buhari shared the same conviction. But something that would throw society into a tailspin? He didn’t want to do it—for the sake of the ordinary people.

“Ordinary people gravitate towards Buhari, like bees to the honeycomb. That was why he always had a basket of millions of waiting votes, even before the first ballot was cast.

“He clobbered the ruling People’s Democratic Party in 2015, and won with even larger votes in 2019, despite all attempts to denigrate and demarket him. When you love the ordinary people, they love you in return, and stand with you through thick and thin.

“Now almost two years into retirement, get to Buhari’s house today. And you see the people milling around, just wanting to get a glimpse of the man.

“As he turns 82 on December 17, 2024, I salute the Ore Mekunu, a friend of the poor, who still draws the people like a magnet, even in retirement.”

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