Two members of the Lagos Business School (LBS) faculty, Dr Franklin Ngwu and Dr Yinka David-West have been appointed to the Research, Strategy and Advocacy committee of the Chartered Institute of Bankers of Nigeria (CIBN).
The CIBN is the umbrella professional body for bankers in Nigeria, whose vision is to be the global reference point for professionalism and ethics in the banking and finance industry. The body’s Research, Strategy and Advocacy committee assists its Governing Council in its policy formulation and coordination efforts.
Ngwu is a Lecturer in Strategy, Corporate Governance and Risk Management while David-West is an Information Systems professional with over two decades experience in the Nigerian IT industry and a Lecturer in Management Information System. The two will run a two-year term which will elapse in May 2020.
According to CIBN, “the appointment is in recognition of their outstanding qualities, leadership attributes, and contributions, which they have consistently brought to bear on the activities of the Institute and the financial services industry, in general”.
The Committee is chaired by Executive Director, Ecobank, Mr Dele Alabi with Central Bank of Nigeria (CBN) Director, Financial, Policy and Regulation Department, Mr Kevin Amugo as Vice Chairman.
The appointments of Ngwu and David-West will aid Lagos Business School’s objective of significantly impacting the business and practice of management in Africa.
Professor of Strategic Management at Lagos Business School (LBS), Chris Ogbechie delivered the keynote speech at the 2018 AfBA Business Roundtable held in Nairobi, Kenya on Thursday, July 26.
The Roundtable was part of the annual conference of the African Bar Association where industry leaders and experts convene to discuss issues that affect business practice, trade, and investment in Africa.
Speaking on inter-Africa trade, Prof Ogbechie spoke on the essence of doing good business in Africa for Africans. He touched on Africa's economy, its growth over the years and factors that have contributed to that growth.
According to him, "easy accessibility and harnessing of natural resources, the growth of consumer groups and target markets, growth of mega cities and increased urbanisation, greater focus on peace and education, and 20-fold mobile connectivity in the next five years are some of the reasons Africa is the next destination for doing business."
LBS Faculty Director and Information Systems professional, Dr Olayinka David-West was also at the event. She spoke on the role of fin-tech and mobile money operators in facilitating trade in Africa and went ahead to moderate the panel discussion.
Other topics raised at the event include access to capital, financial institutions and the depth of capital markets, and the role of government in facilitating intra-African trade.
LBS aims to be the business school with the greatest impact on the knowledge and practice of management in Africa.
The fifth edition of Lagos Business School’s Young Talents Programme (YTP) held on Friday, August 4, 2018, with nearly 50 young, bright minds gathering to gain exposure into possible careers in management research and teaching in the School.
The LBS Young Talents Programme is a platform for engaging with bright and talented university students, opening them up to possibilities in the MBA and Ph.D programmes and shortlisting a select few for the Management Scholarship Academy, a two-year programme expected to prepare them for doctoral degrees.
The day-long programme comprised of class sessions on the history of LBS and becoming a part of its community, panel discussions with YTP alumni members, team presentations overseen by a jury led by LBS faculty, Dr Ijeoma Nwagwu, and a tour of the School campus.
In her welcome address to the participants, LBS Dean, Dr Enase Okonedo describes the 2018 cohort as a “collection of potential leaders.” She went on to encourage them to influence the society through their approach to embarking on their career as she stated that this would be in line with LBS’ core value of Community.
Describing the YTP as a veritable resource to the School, Okonedo said, “Over the last five years, we have recruited a number of the YTP attendees into our Management Scholarship Academy and have supported them in their quest to earn doctoral degrees. We have a good number of them in top schools across the globe, and these are the ones we hope will be the potential faculty of LBS.”
Academic Director of the YTP, Dr Uchenna Uzo who commented on the unique offerings of this fifth edition said, “We have revised the programme curriculum, especially in the aspect of inviting CEOs of successful companies and this has helped make it more impactful. Also, it is in its fifth year that the YTP received international recognition by the Association to Advance Collegiate Schools of Business (AACSB) as one of the 2018 Innovations that Inspire.”
One of the highlights of the programme was the newly introduced Meet the CEO forum – an interactive session where CEO/Founder of data technology and global marketing firm, Terragon Group, Elo Umeh shared his success story with participants. According to him, they need work experience, formal and informal education and a firm background to start a successful company.
Oluwaseun Oguntoyinbo, an Electrical Engineering graduate of the Eastern Mediterranean University, Cyprus who participated in the programme spoke on its immediate impact, “I have gained new contacts,of professors, CEOs and other people that can help move my career forward. I have also been introduced to the Management Scholarship Academy which has offered me a path to a Ph.D. abroad”.
The event wrapped with a cocktail session after attendees were presented with a certificate of participation.
The Prelate of Opus Dei, Msgr. Fernando Ocariz visited Lagos Business School, as part of his one-week-long visit to Nigeria, between July 19 and 26, 2018. Opus Dei is part of the Catholic Church with a mission to spread the Christian message that every person is called to holiness and that every honest work can be sanctified.
Msgr. Fernando Ocariz was welcomed by Management of Lagos Business School and Enterprise Development Centre, led by the Dean of the Business School, Dr Enase Okonedo. The Prelate had a meeting with Opus Dei members, and in attendance were members of the faculty and administrative staff of both institutions.
In his remarks, the Prelate thanked attendees for the work they do to inspire people in the principles of Opus Dei including offering support and guidance to help all those who want to aim at holiness in their ordinary lives, especially through their everyday work. Msgr. Fernando Ocariz completed his remarks by encouraging people to see business as service to society and country and authority as service to humanity.
The founders of Lagos Business School were inspired by the teachings of Saint Josemaría Escrivá, founder of Opus Dei. The Prelature of Opus Dei takes responsibility for guaranteeing that all teaching, publishing and research activities in LBS are based on the Christian vision of man, society, and economic activity. This ensures that LBS reminds people to respect and serve the dignity of the human person while carrying out business activities. Like other ventures promoted by members of Opus Dei, Lagos Business School fully respects the freedom of individual consciences and is open to people of all creeds, races, and social conditions.
Lagos Business School (LBS) Faculty, Professor Chris Ogbechie has been appointed as a member of the Board of Directors of the Chartered Institute of Bankers Centre for Financial Studies (CIBNCFS), a subsidiary of the Chartered Institute of Bankers of Nigeria (CIBN).
The Centre for Financial Studies was birthed out of the need to offer research-based thought leadership for c-suite executives in the banking and finance industry. The Centre aims to collaborate with other institutions to upgrade the skills of banking and finance practitioners.
Ogbechie, a Professor of Strategic Management at LBS, is also the President of the Governing Council of Bank Directors Association of Nigeria (BDAN) and was, until recently, the Chairman, Board of Directors at Diamond Bank Plc.
He is a visiting professor at Strathmore Business School, Kenya and the founding Director of LBS Sustainability Centre. In January 2018, Ogbechie was appointed as a member of the Federal Government Technical Committee for the review of the suspended National Codes of Corporate Governance by the Financial Reporting Council of Nigeria (FRC).
The eight-person Board includes other professionals in the industry including the former Minister of Communication Technology, Mrs Omobola Johnson, Mallam Lamido Yuguda, Professor Olakunle Odumosu, Mr Seye Awojobi, Dr Tope Oshikoya, Mr Emeka Emuwa with Dr Okwu Joseph Nnanna as Chairman.
The Executive MBA (EMBA) 23 class have emerged champions of the 2018 edition of Lagos Business School (LBS) Dean’s Cup. Held at the LBS football pitch on Saturday, July 16, 2018, the final game in the annual football competition saw the Modular Executive MBA (MEMBA) 6 team clash with the EMBA 23 team.
The LBS Dean’s Cup competition is one of the avenues through which the School’s core value of community is internalised, and participants are able to interact and network outside the classroom.
Tunde Nwofor of EMBA 23 set the tone for the game when he scored the first goal in the 10th minute but MEMBA 6’s Tobi Ajayi, who won the highest goal scorer of the tournament, was quick to equalise with a free kick in the 22nd minute.
The defining goal in the game came in the 22nd minute of the intense second half with an intentional free kick served by EMBA 23’s Samson Sonusi. Once the final whistle was blown, the teams erupted into dancing, laughter and pure joy for the close of another exciting competition.
LBS Dean, Enase Okonedo, who was on ground to present the brand new trophy to the winning team, thanked all the participating teams, sponsors and School staff who were responsible for the event’s success. Okonedo added, “The MBA programmes are very intensive and the competition is how participants get to ease off the academic rigour. I hope that this year’s competition has succeeded in helping participants relax as much as it has brought them closer”.
Speaking on the value of the sporting event, Tournament Director, Henry Onukwuba said, “In many leading business schools including LBS, sports is part of the academic experience. Classroom studies are not enough, activities like this are meant to complete the experience”. He also added that participants engaged better with this year’s competition as classes were well-represented on the ground.
Other winners of the tournament are Gbenga Olaoye and Tunde Amoo of EMBA 23 who won Best Goalkeeper and Most Valuable Player respectively. EMBA 22 won the Fairplay Team trophy while EMBA 23 walked away the Best Supporters Club award.
Expressing his excitement, Tunde Amoo said, “I feel very great to be the man of the tournament; we trained almost every week before this final match and that has been exhausting but today, we got the results we deserve”.
The 2018 Dean’s Cup was supported by Coronation Trustees, Microvis Microfinance Bank, Culture Communication, AMRO Ambulance, Braingrace Ambulance, Fewchore Finance Company and the EMBA 22 & 23 and MEMBA 6 classes.
Lagos Business School (LBS) has been ranked among the top 50 business schools on The Economist magazine's 2018 EMBA ranking. The LBS Executive MBA programme ranks as 48th best in the world out of 65 schools featured on the list published today.
The Economist's EMBA ranking is a bi-annual list of the best providers of the Executive MBA programme across the world, and they are categorised based on two broad measures: personal development/educational experience and career development.
Being the only business school in Africa to feature in this year's ranking, LBS was judged by the quality of its EMBA participants, their work experience, the number of industry sectors from which they applied, their career progression, the quality of faculty, percentage of faculty with a PhD, among other criteria.
For the category judged on percentage increase on pre-EMBA salary on graduation, Lagos Business School interestingly occupies the 3rd position in the world. LBS EMBA graduates record a considerable increase in remuneration upon graduation from the programme
Lagos Business School MBA Director, Dr Uchenna Uzo, described the achievement as proof that the School has not deviated from its mission to provide high potential professionals with world-class management education.
Uzo added, "Our work here at LBS is being recognised across the globe, and we are committed to doing even more to transform business education and management practice in Africa and beyond by producing quality graduates who will change the status quo".
Other top institutions featured on the list are Yale School of Management, IE Business School and Arizona State University with whom Lagos Business School has just entered into a partnership for the International Accelerated Degree Programme (IADP).
This latest achievement follows Lagos Business School's recent feature on the Financial Times 2018 ranking of top business schools for the 12th consecutive year and its full-time MBA programme's appearance on CEO Magazine's Global MBA rankings as a Tier One programme.
The 2018 edition of the annual Lagos Business School Alumni Association (LBSAA) President’s Dinner held on Saturday, June 30, 2018, at Harbour Point, Victoria Island, Lagos. The event saw a gathering of hundreds of Alumni, who have graduated for over a 26-year period
The yearly President’s Dinner is the flagship social event for LBS Alumni and this 2018 celebration included the handing over of the Alumni Association President’s duties and inauguration of a new set of executive committee members. Just as in previous years, this edition was a night of quality networking, good cheer, fun activities, mouth-watering food and great music.
Here are five of the biggest highlights from the colourful night:
1. Handover ceremony: Managing Director/CEO of JNC International, Clare Omatseye of the EMBA 3 class was inaugurated as the new President of the Lagos Business School Alumni Association, taking over from, Mrs Bola Adesola, Managing Director/CEO of Standard Chartered Bank. Also, Publisher, BusinessDay Nigeria, Frank Aigbogun (CEP 11) was named Vice President of the Association with CEO, IQ Stitches, Ikwo Ndiomu (EMBA 10) taking over as Secretary.
2. Best Class Award: On the night, several graduating sets were named the best class in their categories. MBA 10 was named the best MBA class, CEP 24 – best Chief Executive Programme class, MAP 2 – best Management Acceleration Programme class, SMP 48 – best Senior Management Programme class, OMP 19 – best Owner Manager Programme class and more. However, the Advanced Management Programme (AMP) 22 class emerged overall winner of the Best Class Award 2018, making it the class’ fifth time of taking home the trophy. Members of the class were fully represented to receive the award, which was presented by Frank Aigbogun.
3. Recognition awards: LBS recognition awards were presented to people who have, in the last year, contributed significantly to promoting the School’s cause. Mr Emmanuel Imafidon was named the Most Consistent Monthly Donor while software company, SystemSpecs earned the Most Consistent Annual Donor award. Other individuals and class who have made notable contributions to the School in the current decade were also recognised.
4. Raffle draw: The 2018 President’s Dinner was a night of unforgettable giveaways with attendees winning shopping vouchers, electrical gadgets and home appliances; but some of the most outstanding prizes were given to the three winners of the raffle draw. The first and second places won business class tickets to Dubai, UAE and Kigali, Rwanda respectively while the last winner went home with an economy class ticket to Atlanta, USA.
5. After party: With an excellent music band and an exceptionally talented DJ on ground, the night wrapped up with a dance session that saw alumni members and staff showing off their best dance moves to the choicest of songs. That also came with rewards as the best dancers were gifted laptops, phones and an executive swivel chair donated by The Chair Centre.
Lagos Business School (LBS) has joined the list of leading institutions to partner with Arizona State University, for its prestigious International Accelerated Degree Programme (IADP).
Known as the LBS-ASU International Accelerated Degree Programme, the IADP is a collaborative education programme that allows LBS MBA candidates to earn a Masters degree in selected courses at W.P Carey School of Business, the business school of ASU in the United States of America.
LBS MBA candidates who have successfully completed the first year of their degree will be eligible to apply for the one-year programme. The specialised courses available on the programme are MS-Business Analytics (MS-BA), MS-Finance (MS-Fin), MS-Global Logistics (MS-GL), MS-Information Management (MS-IM) or any other programme approved by ASU and LBS.
Speaking on the partnership, MBA Director at Lagos Business School, Dr Uchenna Uzo said, "We are glad to have ASU join our growing list of partner institutions. This new agreement further enhances the sprawling opportunities available to our MBA students and graduates as it opens them up to a global network of professional and personal contacts".
Besides being an accelerated programme, some of the benefits accrued to MBA graduates who choose the IADP are a waiver for GRE/GMAT requirements, reduced to earn a Masters degree, only one application fee for all phases of the programme and extra student support.
Under the provisions of the LBS-ASU partnership, other benefits include opportunities for exchange of research and faculty staff, sabbaticals and seminars for academic staff, joint professional and academic events, and joint research and graduate programmes.
Lagos Business School currently has partnerships with institutions such as IESE Business School, Spain; Strathmore Business School, Kenya and Nanyang Business School, Singapore. Others include IPADE Business School, Mexico; India Institute of Management, Ahmedabad (IIMA), India and The Graduate School of Business, University of Cape Town, South Africa. These partnerships are to facilitate the school's mission of developing globally responsible and locally relevant leaders for Africa and the world.