Connect with us

Business

ICAN inaugurates FIRS chapter, hails Adedeji’s leadership of tax agency FIRS has over 2,800 ICAN members out of 66,00 —ICAN president

Published

on

Zacch Adedeji @ 47: Celebrating a Man of Exceptional Grace, Excellence By Dare Adekanmbi Ecclesiastical evidence abounds to affirm that God does not look at people or issues through the same prism from which human beings perceive matters. As mortals, we give primacy to mundane parameters as appearance or outward adornments, height or whether the person is oozing opulence or simply look at nobility of a person’s birth before ascribing value or judgment to such a person. The story of David’s ascension to the throne of Israel summarises how God make His choices. Prophet Samuel beheld the firstborn of Jesse named Eliab and, looking at his outward qualities, concluded “here comes the Lord’s anointed king who will govern over Israel.” But just before that thought could settle in the prophet’s mind, God told him that is not the man for the job. The story of Zacch Adedeji, executive chairman of the Federal Inland Revenue Service (FIRS) is the story of a young, wise and brilliant man who has enjoyed exceptional grace of God. His father (of blessed memory) was a cocoa farmer from the mainly agrarian Iwo Ate town, in Ogo Oluwa Local Government Area of Oyo State. His mother is a trader-cum-farmer. It was thanks to Chief Obafemi Awolowo’s matchless leadership and quality governance that the town at that time boasted some basic municipal amenities like school and a dispensary. I can imagine the joy on his father’s face when the news was broken to him that his wife was delivered of a bouncing bonny baby boy later christened Zacchaeus Adelabu Adedeji. While his father desired functional education for Zacch, the first child of the family, the greater joy for the cocoa farmer would be that the birth of Baby Zacch means an extra hand on the farm, heir apparent to the cocoa farming business. This perception perhaps prevented Zacch’s father from noticing the unique stars in the sky that heralded the arrival of a special child to the family, the humble background notwithstanding. The family did not realise they have been gifted a global talent whose brilliance and expertise will be acknowledged beyond the shores of Nigeria. While his father was looking at a child who will grow to become a helping hand on the farms, God was looking at a precious gift that will bring honour to the family name. Growing up for Zacch was not easy as there was no silver spoon in his mouth at birth. But with the grace of God upon his life, he was determined never to allow the circumstance of his birth dictate how far he could go in life. While going to school, he was also assisting his father in his cocoa farming. Zacch could not have chosen any other course in his post-secondary educational pursuit other than accountancy. He was his father’s book-keeper for the sale of cocoa produce. At the Federal Polytechnic in Ede, Osun State, where he studied Accountancy for his Ordinary National Diploma, Zacch came out flying with a distinction. Rather than return for his HND, he opted to further his studies at the prestigious Obafemi Awolowo University, Ile Ife, where he read management and accounting and finished with First Class honours. He did not allow the death of his father at about the time he was starting at Ife to extinguish his hope of having functional university education. Zacch’s special talent as a brilliant accountant quickly singled out from the new recruits at P&G. He saved the company hundreds of millions of dollars in needless expenditure and deploys his financial wizardry to catapult the company’s profit to new heights. For this exceptional display, the company dispatched him to one of the best business schools in Switzerland to share his experience with them. This feat earned him a seat at the management cadre of the American goods company earlier than any young recruit by the firm. He rose to become the Corporate Finance Manager for West Africa. It was while making his mark at the firm that he met a great leader, Senator Abiola Ajimobi (of blessed memory), sometime in 2009. He was just attending to what he would ordinarily consider a routine payment query when they met. Ajimobi was happy to meet a young chap from Oyo State making waves at such a company. From that time, a journey of mentoring, love and support that would remain with Zacch for a lifetime started. It was a meeting that also changed his trajectory from the private sector to the public sector. Ajimobi appointed him Finance Commissioner for Oyo State at age 33. Notable among his achievements include: raising Internally Generated Revenue (IGR) from about N600m monthly to about N2bn in a short period, blocking leakages by streamlining government bank accounts through which a lot of money was haemorrhaged from about 100 to about 10. As executive secretary of the National Sugar Development Council, Zacch left an indelible mark, raising standards and re-engineering processes to deliver better quality service and increased productivity. When tapped as Special Adviser on Revenue by President Bola Tinubu, a lot of people speculated he would ultimately head the country’s tax agency, Federal Inland Revenue Service (FIRS). As an evangelist in the Anglican Communion, Zacch believes in the scripture that the power of life and death is the tongue. As the one whose duty it was to interface with FIRS tax officers while at P&G, he had said during one of his frequent visits to the Agidingbi office of the agency that “someday, I would like to work in this organisation and contribute to its transformation.” Today, not only is Zacch the executive chairman of FIRS, he has brought unprecedented transformation to the agency within a short period. FIRS, under Zacch, surpassed tax revenue target in 2023, leading to a higher revenue benchmark of N19.4 trillion set by government for 2024. Later this month, Adedeji will announce to Nigerians what the agency was able to collect in the year just ended. The agency has done well again and has exceeded the target from available information. To all who know Zacch and have had interactions with him, one special attribute stands him out: his humility. He relates with the young and the old quite well and the big success that God has given him does not get into his head. Many people have spoken so glowingly about this character trait in Zacch. In 2017, he and I returned to Nigeria from a trip to the US. He had gone on holiday and I had gone to cover the annual meetings of the World Bank/IMF. We were to lodge at a popular hotel in Ikeja on arrival. After dinner, the receptionist said only one room was left. “Give it to us. Dare and I will share it,” said Zacch. That was how we slept on the same bed that night. If there are so many positive things to say about Zacch who is 47 years today, then the future holds even a brighter future for the number one tax man in the country today. Our boss believes in Simon Sinek’s submission that leadership is not just about being in charge, but also about taking care of those in your charge. I join admirers and well-wishers to wish ZA many more happy years of his trademark brilliance and wisdom. May God continue to strengthen him in good health. .Adekanmbi is the Special Adviser on Media to the chairman, FIRS, Zacch Adedeji.

ICAN inaugurates FIRS chapter, hails Adedeji’s leadership of tax agency
FIRS has over 2,800 ICAN members out of 66,00 —ICAN president

The President, Institute of Chartered Accountants of Nigeria (ICAN), Davidson Alaribe, on Tuesday, inaugurated a chapter of the body for the Federal Inland Revenue Service (FIRS), charging officers of the chapter to continue to uphold high ethical standards associated with the profession.

Alaribe, while speaking at the ceremony in Abuja, said the significance of the chapter of ICAN at FIRS is founded on the tax agency being the largest employer of chartered accountants in the country.

A statement by Sikiru Akinola, Technical Assistant (Media) to the FIRS chairman, Zacch Adedeji quoted the ICAN president to have said that out of the 66, 000 chartered accountants in the country today, more than 2,800 are in FIRS, the largest by any government agency.

Alaribe commended the FIRS chairman, Zacch Adedeji, for leading the transformation of the agency that is now vital to the country’s economic development by making revenue available to the three tiers of government to finance major projects.

Assuring the FIRS chapter of constant support, he tasked the pioneer officers to actively engage members to establish a strong foundation for the chapter and also ensure the elevation of its profile.

The FIRS chairman, who was represented at the event by the Coordinating Director, Medium Taxpayers Group, Dr Dick Irri, charged the leaders of the ICAN chapter to continue to display high ethical standards in the discharge of their duties.

Adedeji, who is a Fellow of ICAN himself, said he gave the approval for the establishment of the unit as a result of the critical roles chartered accountants play for Nigeria, particularly at FIRS.

“ICAN is dear to me in many ways. Apart from being a fellow of ICAN, we have close to 3,000 ICAN members working in FIRS. I like to tell you that all your members have always upheld the core values of ICAN. They have set standards others are working to catch up with.

“This event is a great avenue to advocate the cause of accounting at FIRS. The quality of the people in the executives says it all. There is no denying the fact that ICAN members in FIRS are blazing the trail as we have the highest number of chartered accountants in Nigeria,” he said.

In her acceptance speech, the pioneer chairperson of the FIRS branch, Dr Josephine Onyia, thanked Adedeji and the management of FIRS for the support and endorsement of the new leaders.

“As members of a noble profession like ours, we are crucial in upholding financial integrity, fostering economic advancement and promoting trust within the business community.

“I am honoured to be the pioneer chairman of the ICAN-FIRS chapter which comprises many chartered accountants, who stand for these core values and contribute actively to the advancement of the accounting profession and revenue collection for national development,” she said.

She promised to foster a lifelong learning and professional development culture, ensuring members have access to the requisite resources and support necessary to excel in an ever-changing environment.

Other officers of the unit include Mrs Adenike Adegoke who is the Vice-Chairperson; Abdurauf Aderemi, General Secretary; Mrs Patricia Ofili, Treasurer; Mr Aduka Borr, Publicity Secretary and others.

Business

Precision and Heritage: How Fifi Stitches Is Rewriting African Fashion Narratives

Published

on

Precision and Heritage: How Fifi Stitches Is Rewriting African Fashion Narratives

 

 

A Nigerian-born designer is gradually carving out a cross-continental footprint in contemporary fashion, blending African textile heritage with British technical discipline.

 

Esther Fiyinfoluwa Adeosun, Founder and Creative Director of Fifi Stitches, is gaining recognition for structured womenswear and bridal couture that reinterprets traditional fabrics through architectural tailoring and precision construction.

 

Born in Ibadan, Oyo State, Adeosun’s fashion journey began at home, seated beside her mother’s sewing machine. What started as childhood curiosity, sometimes jamming the machine just to understand its mechanics—evolved into a disciplined design practice now operating between Nigeria and the United Kingdom.

 

During an interview with journalists the fifi Stitches once mentioned “I was fascinated by how flat fabric could transform into something structured and meaningful”.

 

In her Story , early designs made for her family, though imperfectly finished, were worn with pride—an encouragement that laid the foundation for her professional confidence.

 

Today, Fifi Stitches is recognised for sculpted bodices, controlled tailoring, corsetry construction, and the contemporary reinterpretation of Ankara, Aso Oke, and Adire textiles.

 

The brand challenges the long-held perception that African fabrics belong solely in ceremonial contexts, instead positioning them within global luxury and modern design spaces.

 

Adeosun’s training reflects this dual perspective. She studied Fashion Design and Entrepreneurship at the Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, and earned a Diploma in Fashion Design through Alison Online.

 

In the UK, she undertook industry-focused technical training with Fashion-Enter Ltd and gained fashion business exposure through Fashion Capital UK.

 

Her technical expertise spans pattern drafting, draping, garment technology, structured tailoring, corsetry, and bespoke fittings—skills she describes as central to credibility in fashion. “Precision builds trust,” she says. “A designer must understand construction as deeply as creativity.”

 

Fifi Stitches has showcased collections at the Suffolk Fashion Show, Liverpool Fashion Show – FB Fashion Ball, Red Carpet Fashion Event in London, and through editorial features in London Runway Magazine.

 

The brand has also received coverage in The Guardian Nigeria and Vanguard Allure, expanding its visibility across markets.

Beyond couture, Adeosun integrates community impact into her practice.

 

She has facilitated garment construction workshops, draping sessions, and introductory training programmes for women and emerging creatives, promoting fashion as both artistic expression and vocational empowerment.

 

 

Fifi Stcithes Boss operates between Nigeria and the UK, in order to continue to shape her brand identity.

 

 

According to her “Nigeria provides cultural richness and expressive textile traditions, while the UK offers structured production systems, sustainability conversations, and institutional frameworks”.

 

Looking ahead, Adeosun said she plan to establish a fully structured fashion house spanning Africa and the UK, develop scalable production partnerships, launch capsule collections, and expand independent editorial visibility.

 

Her broader ambition is clear: to position African textile craftsmanship within global contemporary design conversations—through structure, discipline, and technical excellence.

Continue Reading

Business

GTCO Launches “Take on Squad” Hackathon 3.0, Opens Call for Applications 

Published

on

GTCO Launches “Take on Squad” Hackathon 3.0, Opens Call for Applications 

 

 

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has announced the launch of “Take on Squad” Hackathon 3.0, reaffirming its commitment to fostering innovation, empowering talent, and supporting the development of technology-driven solutions that address real-world challenges across Africa.

Now in its third edition, the Hackathon brings together developers, designers and entrepreneurs across Nigeria in a collaborative environment to build practical solutions across key sectors including financial services, healthcare, commerce and digital inclusion. Under the theme “Smart Systems: The Intelligent Economy,” participants are challenged to design and build intelligent, data-driven solutions that transform how communities engage with money.

Applications are now open, and interested teams can find full guidelines and registration details on the official portal at https://squadco.com/hackathon.

Speaking on the initiative, Eduophon Japhet, Managing Director of HabariPay, stated: “Today’s dynamic, digitally driven world demands continuous innovation, which is shaping how economies grow, how businesses scale, and how societies evolve. Through “Take on Squad” Hackathon, we are deliberately investing in the ideas and talent that will define the future. Our objective is not simply to encourage innovation, but to enable its translation into scalable solutions that deliver real and measurable impact. This reflects GTCO’s role as a financial services platform that connects capital, capability, and creativity to drive sustainable progress.”

The social coding event remains a cornerstone of HabariPay’s mission to foster creativity and problem-solving among emerging tech talents. Competing teams will leverage Squad’s advanced APIs to create scalable digital tools that address everyday challenges faced by businesses and individuals.

Through initiatives such as this, GTCO continues to position itself at the intersection of finance, technology and enterprise, actively shaping the future of digital transformation in Africa.

 

About HabariPay

HabariPay Ltd is the fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa with direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom.

Licensed by the Central Bank of Nigeria (CBN), our goal is to support SMEs, micro merchants, large corporations and other fintechs (Tech Stars) with the tools they need to thrive in an evolving digital economy and expand beyond their current market reach. HabariPay’s solutions include Squad, a full-scale digital payments toolkit to make in-person and online payments simpler, HabariPay Storefront, an e-commerce website to facilitate online purchases, Value-Added Services to help merchants access cost-effective and flexible airtime and data bundles to run their businesses, as well as a switching infrastructure that enables tech-focused businesses to optimise cost and make transactions more efficient.

HabariPay’s contributions to Accelerating Digital Acceptance in Africa have not gone unnoticed–it received Mastercard’s Innovative Mobile Payment Solution Award at TIA 2022 for its innovative payment solution, SquadPOS.

About Squad

Squad is a complete digital payments solution that is reliable, secure, and affordable, making receiving in-person and online payments simpler and convenient.

Thousands of merchants currently leverage Squad’s payment solutions for their daily business operations. Squad’s current products and service offerings include SquadPOS, Squad Payment Links, Squad Virtual Accounts, USSD, and E-Commerce Storefront.

Find out more at www.squadco.com.

Continue Reading

Business

Electric 8-Seater Tula Moto Keke Enters Nigerian Market, Targets Higher Operator Earnings

Published

on

Electric 8-Seater Tula Moto Keke Enters Nigerian Market, Targets Higher Operator Earnings

 

 

LAGOS — A new electric-powered tricycle with an expanded passenger capacity has been introduced into Nigeria’s urban transport sector, offering operators a potentially more profitable and eco-friendly alternative to conventional petrol-driven “keke.”

 

The newly launched 8-seater electric tricycle, now available in Lagos with plans for nationwide distribution, features a dual-row seating arrangement capable of accommodating up to eight passengers per trip—significantly higher than the standard three-passenger configuration common across the country.

 

 

Promoters of the innovation say the increased capacity is designed to boost daily earnings for operators, particularly amid persistent fluctuations in fuel prices. By running entirely on electric power, the vehicle eliminates dependence on petrol, reducing operating costs and shielding drivers from fuel price volatility.

 

 

According to the distributors, the tricycle is equipped with a durable battery system capable of covering extended distances on a single charge, making it suitable for commercial operations across high-traffic routes, residential estates, campuses, and marketplaces.

 

“The concept is straightforward—enable drivers to earn more while spending less,” a company representative stated. “With higher passenger capacity and zero fuel requirements, operators can maximise each trip without the burden of daily fuel expenses.”

 

Beyond its cost-saving potential, the electric keke is also said to require less maintenance than traditional models, offering additional long-term savings. Its quieter and smoother operation is expected to enhance passenger comfort and overall commuting experience.
Industry analysts note that the introduction of electric mobility solutions reflects a growing shift toward cleaner and more sustainable transportation alternatives in Nigeria, particularly in densely populated urban centres such as Lagos.

 

 

The distributors added that the product is currently available under a limited promotional offer, with delivery options across the country.

 

For inquiries and purchase: 📞 08153432071
📞 08035889103
Office Address:
📍 Plot 9, Block 113, Beulah Plaza,
Lekki–Epe Expressway,
Lekki Phase 1, Lagos

 

As transportation costs continue to rise and environmental concerns gain prominence, innovations like the electric 8-seater keke may signal an emerging transition toward more efficient and sustainable mobility solutions nationwide.

 

Electric 8-Seater Tula Moto Keke Enters Nigerian Market, Targets Higher Operator Earnings

Continue Reading

Cover Of The Week

Trending