Sunday, Jan 2021

Since he birthed in the banking industry over three decades ago, he has continued to remain a recurring decimal, even years after he left active banking and financial services occupation. Yes, Anthony Elumelu is enigmatic and quintessential in all ramifications, and this is no exaggeration.

Today, his Tony Elumelu Foundation, TEF, has over the years been giving succor and relief, via empowerment to youths, not only in Nigeria, but throughout the continent of Africa, for sustainable growth and development. Recently, his Foundation - Tony ELumelu Foundation (TEF) - empowered 4,470 entrepreneurs across Africa, randomly selected, for similar empowerment purpose. His 10-year TEF Entrepreneurship Programme has set aside $100 million in 10 years to identify, train, mentor, and fund 10,000 young entrepreneurs for the economic development of Africa. TEF has The goal is to invest in businesses that will generate at least one million new jobs and contribute at least $10 billion in new annual revenues across Africa. To boot, even his flourishing investment company, Heirs Holdings, has been breaking new grounds on many fronts; most importantly, investing in key sectors of the African economy that can transform the African continent. The former MD/CEO and now Chairman of first generation bank, UBA, can never be documented in just one piece like this, because he has become an encyclopedia of sorts in many areas, even outside his original and initial calling as a banker, especially as an incurably charitable person. Little wonder he was favourably and meritoriously listed as the 11th Most Charitable Person in the World by Richtopia, a UK-based digital periodical that covers business, economic and financial news, an exclusive list that includes the likes of Bill Gates, Warren Buffett and Nigeria’s Aliko Dangote. His investment company Heirs Holdings, a multi-billion dollar enterprise, and his development philanthropy, The Tony Elumelu Foundation have been harbingers of hope, succour and re-awakening for many youths and the indigent who hitherto would have lost hope in the midst of the prevailing hostile economic, social and business environment in the contemporary world.

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