Hakeem Belo-Osagie: Biography, net worth, family life, achievements
An entrepreneur and philanthropist, Hakeem Belo-Osagie. He is the Chairman of Metis Capital Partners, a company that specializes in brokering and delivering lucrative, high-ticket transactions in Africa to hand-picked international investment partners of the highest caliber. Hakeem Belo-Osagie served as the chairman of both 9mobile, formerly known as Etisalat, and United Bank of Africa. Through his involvement in various private sector firms, particularly in the industries of energy, banking, and telecommunications, he has played a significant role in the growth of the Nigerian economy.
Professor Tiamiyu Belo-Osagie’s family welcomed Hakeem Belo-Osagie into the world in 1955. He is a native of Edo State’s Benin City. His mother, Iyalekitue Bazuaye, was a nurse and his father, a renowned gynecologist, was the owner of the Osagie Medical Centre. (Late) Professor Tiamiyu Belo-Osagie provided medical care to a number of Nigerian heads of state, including President Shehu Shagari and General Ibrahim Babangida. When Hakeem was 3 years old, his family relocated to England. Young Hakeem returned to Nigeria when he was 8 years old, where he completed his primary and secondary education. His secondary education began at King’s College in Lagos, but he finished it in Wales at the United World College of the Atlantic. He graduated from the University of Cambridge with a law degree and the University of Oxford with an MA in Politics, Philosophy, and Economics. Also holding an MBA from Harvard Business School is Hakeem Belo-Osagie.
Beginnings of Hakeem Belo-Osagie’s career
Hakeem Belo-Osagie returned to Nigeria after earning his MBA from Harvard Business School, where he began working as a lawyer and petroleum economist. He was able to obtain a position as the Special Adviser to the (late) Mallam Yahaya Dikko thanks to the connections his father had with the Nigerian government. (late) Mallam Yahaya Dikko served as Nigeria’s presidential advisor on petroleum and energy affairs in the early 1980s. Additionally, Young Hakeem worked as the Special Assistant to the late Alhaji Rilwan Lukmon, Minister of Petroleum and Energy. He served as the committees’ secretaries for the LNG and Oil Policy Review. Later, he was employed at the Nigerian National Petroleum Corporation’s Petrochemicals Division. Later, in 1986, he left the government to launch his own company.
His Career as an Entrepreneur
In 1986, upon his resignation, he established the energy consulting firm Credit Transactions and Investments Limited (CTIL). Given their background and relationships in the petroleum industry, it is not surprising that the CTIL’s customers quickly expanded. Hakeem’s business provided consulting services to numerous American, European, and Japanese businesses. Hakeem Belo-Osagie transitioned from the consulting industry to the finance sector. In 1998, he took control of 51% of United Bank of Africa (UBA), buying the remaining 49% from the Nigerian government. Till his resignation in 2004, he served as the bank’s board of directors’ chairman. He launched FSDH Merchant Bank Limited, originally First Securities Discount House, in 1992 to bolster his position in the financial industry. One of the first merchant banks to receive a license from the Central Bank of Nigeria in the new era was FSDH Merchant Bank Limited. Over time, FSDH Merchant Bank Limited has developed into a center for financial services that aids in the creation of long-term sustainable wealth for its clients. Private by nature, Hakeem Belo-Osagie possesses keen business sense.
The other ventures Hakeem Belo-Osagie has
- Hakeem Belo-Osagie broadened his horizons to include the telecommunications industry as well as other important Nigerian economic sectors. He presided over the Emerging Markets Telecommunications Services Limited board of directors. Mobile phone provider Emerging Markets Telecommunications Services Limited uses the Etisalat name.
- His holding firm, Premium Telecommunications Holdings, has a sizable share in the business, which is run as a joint venture with the Etisalat Group and Mubadala Development firm.
- The smart businessman also invested in real estate and has significant shares in Duval Properties Limited. Residential and commercial property development is the focus of the real estate firm Duval Properties Limited. One of the sponsors of the $120 million shopping center in Jabi Lake in Abuja is Duval Properties Limited.
- Hakeem Belo-Osagie most recently made a financial investment in Andela, a business that trains software professionals in Africa. Andela assists gifted African software engineers in developing their talents and connecting with leading international businesses.
- Hakeem Belo-Osagie was ranked among Forbes’ Africa’s 50 Richest in 2014 due to his commercial holdings, which span several facets of the Nigerian economy.
Boards on which Hakeem Belo-Osagie is a member
- The astute businessman is a member of the boards of Andela, Timbuktu Media, Metis Capital Partners, and Alfanar, among other companies. He participates in the Council on Foreign Relations’ Global Board of Advisors and the Brookings Institution’s International Advisory Council.
- He serves as the chairman of the boards of directors for Duval Properties Limited, Vitol Nigeria, the Nigerian National Committee for the United World Colleges, and Chocolate City Music Group.
- He participates in the global councils of Yale University, Harvard University, and New York University. He also participates in the global council of New York University.
- Formerly, Hakeem Belo-Osagie served as chairman of FSDH Merchant Bank Limited, Etisalat, and United Bank of Africa. From 2007 to 2011, he also held the position of non-executive chairman of the Abuja Investment Corporation.
- Hakeem Belo-Osagie is one of the biggest benefactors to the African Leadership Academy (ALA) in Honeydew, Johannesburg, South Africa, because he firmly believes in the power of education. African teenagers between the ages of 16 and 19 are the focus of the secondary school known as African Leadership Academy. The organization seeks out, nurtures, and connects the future leaders of Africa. Each year, 125 young African leaders are accepted into ALA’s two-year pre-university program. African studies, entrepreneurship, and leadership are taught at the academy. rhetoric and writing.
- The Hakeem and Myma Belo-Osagie Fund for the Promotion of Africa was founded at Yale University by Hakeem and his wife, Myma. They sponsor the Center for African Studies at Harvard University and offer scholarships to African students attending Balliol College in Oxford.
Belo-Osagie’s Family Life
He is married to Dr. Myma Adwowa Belo-Osagie, the managing director of the Lagos legal firm of Udo Udoma and Belo-Osagie. They are blessed with four kids, one of which is She Leads Africa co-founder Yasmin Belo-Osagie.
In addition to being a successful businessman, Hakeem Belo-Osagie is a petroleum economist. His estimated net worth is $600 million.
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