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Leo Stan Ekeh and the Price for Success

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By Adesh Kalpesh

Recently, there has been a sudden burst of corporate blackmail aimed at one of Africa’s most illustrious entrepreneurs, Leo Stan Ekeh.

Leo Stan Ekeh and the Price for Success

Leo Stan Ekeh

Most appalling is the pettiness and clear lack of intelligence displayed by the clique of blackmailers and their hirelings.

It got me thinking about how much premium Africans place on their brightest and best, especially those who by sheer dint of hard work, tenacity, courage to dare the odds, have chiselled their way from the lowest nadir of their enterprise to the top of it.

Leo Stan, as he’s simply called, is in this class of rare African achievers. And he did it in the mentally-engaging and knowledge-demanding Information Communications Technology, ICT, turf.

I knew Leo Stan decades back in his undergraduate days at the Panjab University, Chandigarh, one of the oldest universities in India established since 1882.

At that time, there was a sizeable sprinkling of African students in India and Panjab University was no exception.

I had a good number of Africans at that time as friends and acquaintances. But young Leo Stan was special. He was gregarious, affable and outgoing.

It was easy to notice him in a crowd: rangy and endowed with gift of presence. Besides his imposing height, you could tell from the manner he got going with the cosmopolitan university community that he’s cut out for the big stage.

Most people knew him as Leo Stan; only a few knew his full name, Leonard Stanley Ekeh.

He was a man on a mission whose genial and studious disposition tells you he was not there just to add to the number.

The quest for knowledge and a burning desire for self-discovery drove him into the hallway of adventure. He soon distinguished himself both socially and academically to earn the respect of fellow Africans and recognition from the university authorities.

In no time, he was leader of the African students’ contingent in Panjab and instantly became their voice in the university community.

At that time, India had already become the breeding ground for outliers. Graduates from Indian universities got straight employment at Microsoft, Wall Street, the New York Stock Exchange and other top corporations across the United States and Europe.

Some others got straight into entrepreneurship and made a success of it.

Such was the high profile of Indian universities noted for their lavish infusion of numerate skills into their curriculum.

It was therefore no surprise to me when many years after, the name Leo Stan became a household name in Africa ICT ecosystem.

The man I once knew as a restless, zesty African student has turned his energy to creating values, creating wealth and jobs for many.

Rather, what has come to me and perhaps others who knew him and have followed his life’s odyssey from India to United Kingdom and back to Africa, as a surprise is the desperation by his own people to pull down the man who gave Africa a voice in the global ICT space, an area where India has become a global force. India has created tech billionaires in this century.

The Shiv Nadar family, Azim Premj family, Jay Chaudhry, Byju Raveendran among others make up this list of worthy Indians. Some of these entrepreneurs just like Leo Stan and many others across the world built their businesses from the scratch. Indians can tell their story.

They praise them for their industry and stellar example. They don’t blackmail them for being successful or try to pull them down.

These tech entrepreneurs play critical roles as enablers of India economy. For this, the government and the people protect them. This is what is lacking in Africa.

Those who show capacity to create wealth through entrepreneurship are often left to the vagaries of jealous competitors and atrocious blackmail from those who are failing and even those who have failed in their businesses.

Trying to link Leo Stan and any of the companies associated with his name to unhealthy corporate governance smacks of desperation and primitive show of disrespect for a man whose collateral is integrity.

Any African who plays big in the Africa ICT marketplace knows that without integrity, you cannot have as much as a handshake with global brands like Microsoft, Apple, HP, Samsung, among others.

It’s the nature of ICT. Here, the game is not measured by the depth of your pocket.

It’s a function of trust, your capacity to make your word your bond. This must reflect on how much of technical competence you have, enough to keep your technology and service ready, functional and available.

Leo Stan had long established all this and it’s to his credit that Microsoft, Samsung, HP, Apple and others have not only established strong technical presence in Nigeria which has led to knowledge transfer to young Nigerian techies, but has also created thousands of direct and indirect jobs across different demographics and human resource cadres.

So, why blackmail such a man? Why try to pull him down just because he has succeeded where many failed?

Success is not served on a platter. For a man who has built a world-class African brand, Zinox, as a counterfoil to the dominance of exotic brands, national and continental garlands ought to be his reward, not a blizzard of unintelligent blackmail.

At the twilight of last year, President Muhammadu Buhari conferred the prestigious National Productivity Order of Merit (NPOM) award on Leo Stan, Oba Otudeko, Aliko Dangote, Tony Elumelu and other distinguished Nigerians.

This is how to reward your best. India has similar reward system, a roll call of national honours.

It’s to encourage those who have helped to build the society through industry, service and philanthropy.

Shiv Nadar, for instance, holds the Padma Bhushan award for “distinguished service of a high order”. Padma Bhushan is the third-highest civilian award in India.

My long stay in Africa has exposed me to the treachery in corporate Africa. Corporate blackmail is everywhere in the world but it’s how institutions of government handle it that makes all the difference.

African governments must do more to protect their shining stars in entrepreneurship.

In spite of the rash of blackmail against Microsoft, Facebook, Amazon and other mega-corporations., the US government still finds a way to protect them just so they will keep them going and protect millions of jobs allied to them.

Nigerian government must strive at all times to protect the likes of Aliko Dangote, Mike Adenuga, Tony Elumelu, Leo Stan Ekeh, Oba Otudeko and others. These are genuine African brands who have shattered all ceilings and erased all stereotypes about the capacity of Africans to do great things.

Hilary Hinton, more popularly known as Zig Ziglar, the American inspirational author and salesman, once made a poignant statement which should be a soothing balm for successful people.

He said: “You do not pay the price of success, you enjoy the price of success.”

Leo Stan and all those who have been and are being blackmailed should ‘enjoy’ the discomfort of blackmail while it lasts. As we say in India, let the problem build you, not break you.

 

  • Mr. Kalpesh writes from Accra, Ghana

 

 


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NRS Boss Dismisses Fears of Political Weaponisation in Tax Reforms

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Dr. Zacch Adedeji, Chairman of the Nigeria Revenue Service (NRS), has allayed fears that the new tax reform framework could be weaponised by the Federal Government to target political opponents or individuals based on affiliation.

NRS Boss Dismisses Fears of Political Weaponisation in Tax Reforms

Dr. Zacch Adedeji

Adedeji, responding to concerns over potential selective enforcement or politically motivated tax scrutiny, insisted the reforms prioritise national interest, transparency, due process, and institutional accountability.

Addressing speculations on suppressing opposition voices ahead of elections, he said: “I think the question you will ask is that we need to commend the courage of Mr. President, that despite the fact that there is an election coming, he is courageous enough to continue on this path of statesmanship and not of politicians.”

The NRS boss explained that it would have been politically expedient to shelve the reforms during an election cycle, but President Bola Tinubu opted to strengthen the country’s fiscal foundation and economic governance.

He outlined that the agenda targets structural tax system weaknesses, enhances fairness, and fosters a simplified, predictable compliance environment to boost voluntary participation over coercion.

Adedeji attributed public scepticism to Nigeria’s history of perceived institutional misuse, but stressed the new framework minimises administrative discretion through rule-based processes, automation, accountability, and governance safeguards insulated from political influence.

According to him, the reforms emphasise taxpayer trust, linking taxes to visible public service improvements while expanding growth opportunities and sustainable public finances.

He reaffirmed the focus on economic stability, credible institutions, phased implementation, investment support, vulnerable group protection, and freedom from partisan interference.


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Court Sends Faleti, Ex-Lagos Director to Jail for Stealing ₦48.9m from Access Bank

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An Ikeja Special Offences and Domestic Violence Court on Monday sentenced Olawale Faleti, a former Lagos State Education director, to two years and five months’ imprisonment for stealing ₦48.9 million from Access Bank Plc.

Court Sends Faleti, Ex-Lagos Director to Jail for Stealing ₦48.9m from Access Bank

Justice Rahman Oshodi convicted Faleti, 64, on five counts of stealing after finding him guilty of charges filed by the Economic and Financial Crimes Commission (EFCC).

In his judgment, Oshodi said the offence was deliberate and sustained, noting that Faleti carried out repeated withdrawals despite knowing he had no authorisation to access the funds.

The judge added that the convict failed to show genuine remorse or fully accept responsibility for his actions.

“Financial institutions are the lifeblood of our economy and public confidence in them must be preserved,” Oshodi said, adding that “Those who attempt to defraud or steal from banks must understand that severe consequences will follow.”

While acknowledging Faleti as a first-time offender, the court said a custodial sentence was unavoidable.

The judge applied a 20 per cent reduction from the three-year maximum sentence, citing minimal restitution efforts as a mitigating factor.

Faleti was sentenced to two years and five months’ imprisonment on each of the five counts, with the sentences ordered to run concurrently.

The court directed that the sentence take effect from January 5, 2026, and ordered that Faleti’s biometric details and name be entered into the Lagos State Judiciary offenders’ registry.

After deducting ₦3 million already restituted, the court ordered Faleti to pay an outstanding ₦45.9 million to Access Bank Plc, directing the bank to notify the court upon full recovery of the funds.

Earlier, Mr Ahmed Dambuwa, EFCC counsel, told the court that Faleti dishonestly converted ₦48.9 million belonging to the bank by exploiting unauthorised access to an Access Bank credit card.

He said the card permitted withdrawals of not less than ₦43,000 per transaction, but a system glitch enabled Faleti to withdraw about ₦48 million during the COVID-19 pandemic in 2020.

One of the charges stated that between July 2 and July 10, 2020, Faleti converted ₦12.6 million for personal use, while another alleged that between May 22 and July 1, 2020, he converted ₦6.9 million, all property of Access Bank Plc.

The offences were said to contravene Section 287(1)(a) of the Criminal Law of Lagos State, 2015.


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974 Nigerians Face Imminent Deportation from Canada Amid Enforcement Surge

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974 Nigerians Face Imminent Deportation from Canada Amid Enforcement Surge – No fewer than 974 Nigerians are currently facing imminent deportation from Canada, according to official data from the Canada Border Services Agency (CBSA).

The affected individuals fall under the country’s “removal-in-progress” category, signifying that deportation proceedings have commenced but remain inconclusive, pending final arrangements such as travel documents. Between January and October 2025 alone, Canadian authorities deported 366 Nigerians, marking a significant uptick from previous years.

Of these, approximately 83 per cent comprised failed refugee claimants, while criminality accounted for about four per cent of cases. Nigeria emerged as the only African country in Canada’s top 10 nationalities for deportations in 2025, securing ninth position, while ranking fifth among those awaiting removal.

This contrasts sharply with 2023 and 2024, when Nigeria was absent from the top 10 deportation list, though figures reflect an eight per cent rise over the 2019 total of 339 removals.

Canada’s aggressive enforcement drive has seen nearly 400 foreign nationals removed weekly, culminating in 18,048 deportations during the 2024-2025 fiscal year at a cost of about $78 million.

The initiative draws support from an additional $30.5 million for removals and $1.3 billion for border enforcement, aimed at bolstering immigration controls amid pressures on housing, employment, and security.

Canada remains a prime destination for Nigerians outside the United Kingdom and United States, with over 71,000 acquiring citizenship between 2005 and 2024, alongside thousands arriving annually as students, workers, and permanent residents.

Under Canadian law, those issued enforceable removal orders must depart voluntarily or face enforced exit. The CBSA’s nationwide inventory lists 29,542 individuals in removal-in-progress as of late 2025, dominated by failed refugee claims at 15,605 cases. Nigeria’s 974 cases place it behind India (6,515), Mexico (4,650), USA (1,704), and China (1,430).

Immigration lawyers caution that passage of Bill C-12 could escalate deportations by imposing permanent bans on certain refugee claims and curbing late filings.

Authorities attribute the push to restoring system integrity, with non-compliance by refugee claimants driving most inadmissibility findings.


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