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BOOK REVIEW: Leadership Turnaround By Ifie Sekibo

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Reviewed by: Olukorede S. Yishau

The man Ifie Sekibo is an astute Nigerian banker and entrepreneur adept at returning moribund companies to the path of sustained profitability. He is the pioneer and current CEO and Managing Director of Heritage Bank, Nigeria’s most innovative bank. A post he held since 2012.

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He wrote his book (Leadership Turnaround” out of his quest to tell his story from climbing the ladder of success to attain leadership positions. He did not hold back on the failings and challenges he encountered on his way up. From his successful revival of Societe Generale Bank of Nigeria (SGBN), a massive success by any metric, to the creation of Heritage Bank.

Leadership Turnaround is a condensed commentary from a leader who has recorded remarkable successes, failed in some instances along the way, picked himself up and made it a duty to get better. It is the story of a leader, reputed for turning around failed enterprises, as well as having a knack for spotting and nurturing SME’s.

The book downplays what has become the regular leadership clichés, and opted for the language of experience, presented in a dialogic and conversational tone. Perhaps, knowing that the many leadership books hanging on bookshelves are heavily laden with theories, the author adopted a practical approach, which sets it apart from the others.

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Written on the premise that “The essence of true leadership is that you impact your local community for a wider benefit,” the author reveals how he turned a dead banking institution into a successful endeavour benefiting thousands and ushering him onto the global stage.

In building brands, for instance, the author admonished Nigerians to build businesses that will outlive their generation. Citing the case of the Arthur Guinness family, the author shared the remarkable story of how the enterprise was handed down generations, through vision, faith, values and commitment.

In Leadership Turnaround, the author made a brilliant analogy of the processes in the fractional distillation column of a refinery, and the process that distils an individual from his raw talent into a fine leader. The book likens the Training School set up for Heritage Bank as the refinery. Leadership needs to go through such catalytic cracking to refine the attributes and qualities from the crude form. In setting up the refinery, the author did not settle for an artisanal refinery for quick fixes, with attendant environmental impact.
Rather, he invested in efficient “fractional distillation columns” for human resource, to refine the leaders he needed to run the organization, prosper and hand it to the next generation.

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Sustainability! He set up a solid training school that reached beyond just banking, to teach etiquette, relationship, social assets, law, and many more. He wanted well-rounded leaders.

Leadership Turnaround stirs up an interesting conversation of globalization and the hybrid form, glocalization.

The author admonished young people to substitute the mindset of globalization with that of glocalization, so they can customize their global outlook to solving local problems.

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This is an interesting perspective which I consider very apt for Nigerian youths who want to hit the international headlines, without first making headlines in their local ecosystem. The pathway to global success should be facilitated by the local problems you solve. According to the author, this is what set the likes of Jack Ma apart.

An interesting experience shared by the author in this book, is the revival of the dead bank, Societe Generale Bank.

Reviving a failed bank in any country of the world is never easy. In Nigeria, this is even more difficult. In fact, it could be as difficult as raising the dead. You will need the faithful sisters Mary and Martha, as well as the son of God, all present and joined together in faith, to call “Brother Laz” back to life. And yes, that did happen; not literally, but in some sense. The author and his team (the Mary’s and the Martha’s) apart from the vision, commitment, positive thinking and resources, also relied on faith. Yes, you need faith to dream of getting over 200 bank customers to withdraw their cases in a single day and settle out of court. This account was intriguing, and loaded; albeit, told with such simplicity that demystified what ought to be a complicated success story.

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The author reached for examples, case studies and scenarios from different perspectives. He made a lot of Biblical references, not surprising, as a section of Leadership Turnaround was on the role of faith in leadership. In one analogy he cited the power of single-mindedness and unity of purpose, as exemplified in the Biblical tower of Babel, which struck a chord with me. I have often used this analogy while teaching the role of Protocol in Computer Communications and Networks, and it epitomizes the power of a common understanding and mindset. Once a team is united and have a single mindset, it is difficult to defeat them. God identified this in the case of the tower of Babel. The author highlighted this as an important ingredient for success in the corporate space.

The book has several “Take Action” stopovers after each chapter; where readers are refreshed with simplified but impactful action points. The lessons that follow each are drawn from the real world of successful business enterprise. So much was covered in such short space. Some of these include lessons on the complexities of the world of mergers and acquisition; lessons on dealing with soft issues; lessons in Emotional Intelligence; lessons on having the right mindset; lessons on visioning and the kinetics of visioning; lessons in entrepreneurship; the importance of hitting the road, and gaining traction.

In Leadership Turnaround, the author did not hold back on the failings and challenges he encountered on his way up. From his successful revival of SGBN (a massive success by any metric) to the creation of Heritage Bank, and to the quickfire acquisition of Enterprise Bank – which turned to be a poor decision on timing. The author shared these lessons to illuminate the path of the reader, so the mistakes are not repeated. Mistakes are not to be buried and filed out of memory; they can be converted to steps on the ladder on the way to the top. They form part of the script of success.

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The author once shared with us the role of chance in the Nigerian business terrain. While I agree with him, I would add that you need to be deliberate to take your chances; as deliberate and measured as he was, and still is.

This is the story told by the author with such candour and remarkable simplicity. I recommend this book to all who seek practical insights into leadership.

Each chapter concludes with Take Action questions and recommendations designed to stir your views and beliefs—setting in motion ideas and theories that need to be explored and acted upon to advance your successful future. Leadership Turnaround may focus on Nigeria—but every person, including youth and mature adults in every nation, can benefit from the wealth of knowledge and wisdom contained within every page of this book.

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About the reviewer:

Olukorede S. Yishau is a journalist of about 22years and have won the prestigious Nigeria Media Merit Awards (NMMA) four times and have been finalist several other times in the Media Merit Awards. He is also Nigeria Prize for Literature nominee, a decorated newspaper columnist, and author of In The Name Of Our Father and Vaults of Secrets

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Police Pension Scheme Violates Constitution, IHRC Tells Tinubu

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The International Human Rights Commission, Nigeria, has thrown its weight behind the renewed push by the Inspector-General of Police, Kayode Egbetokun, for a comprehensive reform of the Contributory Pension Scheme, as it affects retired officers of the Nigeria Police Force.

This is contained in a diplomatic memo addressed to President Bola Tinubu and titled “A Diplomatic Appeal for Police Pension Welfare Reform in Line with the Constitution of the Federal Republic of Nigeria.”

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In a statement signed on Saturday by IHRC’s Head of Media and Strategic Communications, Fidelis Onakpoma, the commission said the current pension arrangement for police personnel amounts to a constitutional breach and urged the President to take urgent corrective action.

The Head of Mission, IHRC , Ambassador Duru Hezekiah, was quoted in the statement as saying, “The commission firmly supports the Inspector-General of Police’s ongoing advocacy for a just and equitable pension scheme for retired police officers.

“We call on President Tinubu to urgently address the systemic flaws in the Contributory Pension Scheme, which violate constitutional provisions guaranteeing dignity and adequate social support for public officers.”

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Citing Sections 17(3)(f) and 34(1)(a) of the 1999 Constitution (as amended), IHRC said the Nigerian state is legally bound to ensure the welfare and dignity of its retired officers, a responsibility it is currently failing in.

According to the commission, thousands of retired police officers are living in hardship under a pension system that disregards the realities of law enforcement service.

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The Constitution mandates the state to ensure the wellbeing of retired officers, not to abandon them to a broken system.

“The current structure of the CPS as applied to the police is inadequate, unfair, and incompatible with Nigeria’s constitutional values. These officers spent their lives in service—often in the face of extreme danger—yet they retire into poverty and indignity,” the IHRC stated.

The commission’s intervention follows a high-level meeting convened by the IGP on July 1, 2025, at the Force Headquarters in Abuja.

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The meeting brought together delegations from the National Association of Retired Police Officers of Nigeria, led by AIG Paul O. Ochonu (retd.), and the Coalition of CPS Retirees, led by CP Henry Njoku (retd.), to address mounting concerns over pension inadequacies.

During the meeting, Egbetokun reiterated his resolve to push for a more just and practical pension structure, describing the current system as a gross injustice.

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Our retirees deserve dignity, support, and a structure that reflects their sacrifice and service to Nigeria.

“We cannot continue to subject our heroes to a pension scheme that is clearly unfit for the nature of their work and the risks they bore,” the IG declared.

Egbetokun’s comments echoed sentiments he had expressed earlier in February during an interactive session with retired officers at the Police Resource Centre in Abuja, where he criticized the CPS as “deeply flawed and unfit for the realities of Police service.”

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READ ALSO:NMA Gives FG 21 Days To Avert Doctors’ Strike

The IHRC amplified this concern, highlighting what it described as an unjust disparity between Police and military retirees.

While the latter are exempted from the CPS and benefit from a more suitable pension arrangement, police retirees, the commission said, continue to suffer from a scheme that fails to provide basic security in old age.

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The military has rightly been removed from the CPS because of the peculiar nature of their job. The same logic applies—if not more so—to police personnel.

“Our police officers risk their lives daily, and they deserve a pension structure that reflects that reality. Anything less is an affront to justice, equity, and national security,” said Hezekiah.

In line with Tinubu’s Renewed Hope Agenda, the IHRC urged the Presidency to act decisively in addressing the disparity and upholding the constitutional and moral obligations of the state to its law enforcement agents.

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Reforming the police pension structure is not merely a policy issue—it is a constitutional and moral obligation. We believe this government has the opportunity to right this historical wrong and restore dignity to our Police retirees,” the statement read.
(PUNCH)

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FG To Spend N17bn On Lagos Bridge Damaged By Fire

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The Federal Government has negotiated the cost of the Iddo Bridge rehabilitation from an initial N27bn to N17bn.

The Minister of Works, Sen. Dave Umahi, made this known to journalists during an inspection of the bridge on Friday in Lagos.

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He said, “Julius Berger quoted, I think, N27 billion or thereabout, but after much negotiation and discussion, we now arrived at N17 billion.”

Umahi commended Julius Berger Nig. Plc. for demonstrating a sense of cooperation under its new leadership.

He described the company as a “born-again Berger”, attributing the breakthrough in negotiation to the understanding and openness of its new managing director.

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The minister reiterated the government’s commitment to prudent spending, insisting that all contractors must align with the ministry’s standards and directives.

Umahi noted that the project had been reviewed from mere rehabilitation of the burnt section to a major work.

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He expressed concern over the poor condition of the bridge, blaming it on years of neglect and human abuse, including illegal occupation and collisions by heavy-duty trucks.

He said that three spans of the bridge were severely damaged by fire, which he attributed to activities of illegal occupants who had built makeshift homes under the bridge.

READ ALSO:FG Closes Case In Alleged Terrorism Trial Against Nnamdi Kanu

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They brought in chemicals, built block walls and set up homes. Then, they set up fire that burnt the bridge and damaged three spans. Now we are going to fix the bridge completely,” Umahi said.

The minister said the Iddo Bridge, now with a headroom of about 4.5 metres, had suffered significant structural damage due to continuous hits from trucks and illegal structures beneath it.

He announced that the ministry would be creating a headroom of at least 5.6 metres.

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He said that the Federal Ministry of Works was committed to restoring the bridge for the safety of all Nigerians and ensuring such incidents would not occur again.

READ ALSO:NMA Gives FG 21 Days To Avert Doctors’ Strike

On the issue of displaced persons, the minister said that no one would be allowed to return under the bridge.

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“Nobody will stay under Iddo Bridge again as long as I remain the Minister of Works.

“The lives of the people are more important,” he said.

He warned that the government would no longer tolerate any abuse of national infrastructure.
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Ex-Army Chief Proposes Mandatory Military Training For Nigerians

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Lt.-Gen. Azubuike Ihejirika (retd.),

A former Chief of Army Staff, Lt.-Gen. Azubuike Ihejirika (retd.), has called for the introduction of mandatory military training for all Nigerians, beginning with the National Youth Service Corps.

This, he said, is a way of promoting national unity, discipline, and resilience in the face of growing security and social challenges.

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Ihejirika made the call on Friday night at the 50th anniversary of the Nigerian Defence Academy Regular Course 18 Alumni Association in Abuja.

He reflected on his early days in military service and the camaraderie built over the years with fellow officers.

READ ALSO:FULL LIST: Nigeria Emerges As Africa’s Third Most Formidable Military Force

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The former Army chief said the discipline and patriotism instilled in them during training were instrumental in shaping their careers and national contributions.

Given the current situation of things in our country, I believe it’s time we start thinking about mandatory military training for our citizens.

“We can start with the National Youth Service. This will help us build a generation of Nigerians who understand sacrifice, responsibility, and patriotism,” he said.

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Ihejirika praised the government’s decision to restore the old national anthem, saying it reinforces the spirit of unity.

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He emphasised that the line “Though tribe and tongue may differ, in brotherhood we stand” perfectly captures the essence of national service and shared identity.

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He also expressed concern over how the national anthem is now reduced to mere fanfare at official events.

It should be a daily reminder of our oath of allegiance. It must return to schools, communities, and national ceremonies,” he said.

Drawing from his own life experience, Ihejirika recounted his humble beginnings from his village in Abia and how military discipline transformed him.

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He credited the support of colleagues and mentors for his successful career, which culminated in his appointment as Nigeria’s 22nd Chief of Army Staff.

READ ALSO:542 Senior Military Officers Retire

Beyond his advocacy, the retired general also commended the current leadership of the Nigerian Armed Forces, describing them as highly experienced and well-trained.

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Many of the officers leading today served in Liberia, Sierra Leone, and other conflict zones.

“They have earned their stars through real battle experience and are doing remarkably well,” he added.

He urged Nigerian leaders at all levels to prioritise peace and stability, reminding them that no office or position is sustainable in the absence of national unity.

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The News Agency of Nigeria reports that the dinner had in attendance the Minister of State for Defence, Chief of Defence Staff and representatives of service chiefs amongst other dignitaries.

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