

Dọ̀tun Olowoporoku
11.7K posts

@DrDotun
Investor @vp_fund | Host, Building the Future Podcast | Accidental Entrepreneur | Recovering Academic | views are mine





Amazing Amusan 🇳🇬

During the Nigerian Civil War, many Igbo people fled cities like Lagos, leaving behind houses and property. Alex Ekwueme (then a young architect) left his house in Apapa. His neighbour, Otunba Subomi Balogun, a banker did not seize the property. Instead, he removed intruders from the house, renovated it and rented it out while Ekwueme was away. He carefully kept all the rent proceeds. When the war ended and Ekwueme returned, Balogun handed back the house to him and gave him a full envelope of all the rent collected Ekwueme was reportedly shocked, because many others lost their properties during that period. About a decade later, Ekwueme became Vice President under President Shehu Shagari (Second Republic, 1979–1983). Subomi Balogun wanted to establish his own bank but faced significant hurdles at the Central Bank of Nigeria (CBN). Officials resisted because it was unprecedented for a private Nigerian citizen to own a commercial bank without foreign partners; there were also political suspicions (some alleged he might use it to finance certain politicians). After failing to get traction through official channels, Balogun turned to his old friend. One Sunday after Church Service, he and his wife "cornered" Ekwueme at the Cathedral Church in Marina, Lagos. They physically grabbed Ekwueme and his wife's clothing to get past security and plead their case. Ekwueme listened, reassured him, and instructed him to come to the Federal Executive Council meeting he would preside over (as Shagari was absent). That very Thursday, the Finance Minister called Balogun to confirm that the license had been approved on Ekwueme's instruction. This paved the way for FCMB and reportedly opened doors for other indigenous banks. Balogun later opened an FCMB branch in Ekwueme's hometown of Oko (Anambra State) in continuation of their friendship. We love ourselves, it is the politicians that are dividing us.


At our corporate retreat last year in Lakowe Lakes, I invited @Babajiide to speak to the team and he graciously agreed. He delivered an excellent presentation but something else happened. As we chatted after his speech, he mentioned that he had a KPI dashboard that he tracked weekly with his own team. He showed me on his laptop and I begged him to share with me. He laughed and said a very frank no. So I got to work. By January 5th, I’d built my own dashboard tracking 150 KPIs across the business. I shared with my management team and ask them to remove the ones they thought were not relevant to track weekly. So in Q1, we sat down every Tuesday for one hour to go over 98 KPIs across finance, ops, HR, product, sales, marketing and CX. In the first 3 weeks, I won’t lie, it was very daunting. A little bit of fatigue set in, but I begged them not to get tired. Now the benefit is that, very quickly, everyone becomes ridiculously smart about the business. You can immediately see what is working and what is failing and you have time to course correct where necessary. And it was very rewarding because together we were able to deliver nearly 46% QoQ growth. A lesson in leveraging community, humility and applying what you learn. So thank you again, @Babajiide, even though you no share your dashboard with me 😅


20 years of teamwork, captured in moments. Smiles. Laughter. Moments captured. As dbrownconsulting steps into its 20th year, we paused to celebrate the people who make every milestone possible! #dbrownconsulting #20thanniversary #TeamMoments #WorkCulture


To everyone celebrating Easter, Michelle and I wish you a joyful holiday filled with reminders of the enduring power of faith and hope.





