The beginnings of Erman Ilicak’s $2 billion fortune can be traced back to a meeting with Vladimir Putin almost two decades ago. In 1994, the future Russian president was deputy mayor of St Petersburg and Ilicak one of a number of Turkish entrepreneurs seeking a breakthrough that hardly seemed possible in his home country.
The portraits of economic and financial news coming out of Nigeria in recent days are blurry. The House of Representative’s probe of the country’s oil subsidy regime from 2009-2011 uncovered a cesspool of corruption and brazen thefts as well as a long list of errors, including lack of accounting, overpayments,
How does a new CEO, who has been part of the system, an accountant and a banker, convince himself that it is time to make the bold untraditional move to become modern? For many, it could result in internal self-conflict.
Greg Blatt is talking fast and loud. So loud that, after a while, your ears begin to hurt. It is as if he’s at a sports match and is shouting to be heard above the roar of the crowd.
There are two stories to tell about the now legendary “New Generation” concept in Nigerian banking. There was a time when the concept was defined by age. Today, not every bank that classifies itself as “new generation” would go without being scrutinized.
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