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Of Leaders, Tribesmen And Citizens

Austin Okere
The leadership challenge is clear. It will be impossible to achieve true social and economic development without effective Leadership and true Citizenship.
How a leader deals with the circumstances of life tells you many things about his character. Crisis doesn’t necessarily make character, but it certainly does reveal it. What reveals character the most, however, is Power – Power, it is said corrupts; and absolute power corrupts absolutely.
According to the ancient Greeks, the founders of modern civilization, there are three kinds of people in any society; The first kind of people in any society are the idiots, not necessarily mentally deficient, but rather one who is a totally private person; totally selfish and totally self-centered (sometimes donning expensive suits, uniform or agbada).
The idiot is always out for his personal gain and his personal interest. He does not have a public philosophy, he has no character, no knowledge and no skills to live by and to be able to contribute in a flourishing society or community. He is all out for his personal pleasures and his personal treasures. The Greeks said the idiot is just an upgraded barbarian – you see them every day in society. They are the ones who form tadpole queues and drive against traffic. They toss litter freely out of their cars and appropriate our commonwealth for their personal use; The Greeks refer to these are the IDIOTS.
The Greek also said there is a second kind of person in any society called the tribespeople. Tribespeople does not necessarily mean belonging to a certain tribe; which is not bad in itself, but when the Greeks used the word tribespeople, they meant a tribal and a tribalistic mentality. The Greeks said the tribespeople are those not able to think beyond their small tribes and their small social groups.
For the tribespeople, the primary, only and ultimate allegiance is to their tribe. Their tribe is their god and their religion is tribalism. Tribespeople are always afraid of things that are different or are a little alien to them. They are always suspicious and fearful, and they always deal with different people and difficult situations with intimidation, force and with violence. The Greeks also said the ideal person for tribespeople is the warrior, because tribespeople are a war making people.
But it was not so for the Greeks, for them, there was another kind of person, and that for them was the ideal person, and they called this ideal person the citizen. When we use the word citizen we are not talking about legal status or political status or the accident of birth; those are outcomes. We are talking about the idea and ideal of citizenship – which is a choice.
Who then is the citizen you might wonder? the citizen according to the Greeks is someone who has the skills and the knowledge to live a public life, and able to live a life of civility. The citizen recognizes that he or she is a member of a commonwealth and thus strives for the common good.
The citizen knows his right in a society but also knows his responsibility to society. The citizen can fight for his right but always with an awareness of, and with the respect for the rights and interest of others; of their neighbors, of the smallest minority and of their worst enemies.
It is citizens, the Greeks said that make up a civilized society, because citizens settle their differences with civility, they produce a civilized society, a society that truly lives up to the meaning of the name society. Society literally means friendship and friendliness.
This is the threefold distinction that the Greeks have given of people in a society. That is the choice that each and every individual, whoever he or she may be, has to make in a society. That is the choice that starkly faces us Nigerians today as we mark 59 years of independence. Will we be idiots living only for ourselves, will we be tribespeople, unable to think beyond our tribes group or will we be citizens.
Today, on the historic anniversary of the independence of Nigeria I hope you and I will make the right choice; and it is with that hope that I address you as my fellow Nigerian Citizens.
Indeed, no sovereign can make any significant advancement when the number idiots and tribesmen far outnumber the number of citizens. When we conducted ramdom surveys on the various cohorts of Delegates at the Ausso Leadership Academy, the perception is that; about 75% of Nigerians behave as idiots, 20% as tribespeople and only 5% as citizens. Do the results shock you enough to want to do something about it?
Nigeria is her people; If we want to see change, we have to start by being citizens of our country. According to Maria Robinson “Nobody can go back and start a new beginning, but anyone can start today and make a new ending.”
My dear citizens of Nigeria, if dreams are free, why short-change ourselves; let us dream big, and reach for the stars, and with perseverance we will touch the skies. Let Nigeria take her rightful place in the committee of Nations! We can achieve this only through our collective actions as citizens.
Austin Okere is the Founder of CWG Plc, the largest ICT Company on the Nigerian Stock Exchange & Entrepreneur in Residence at CBS, New York. Austin also serves on the Advisory Board of the Global Business School Network, and on the World Economic Forum Global Agenda Council on Innovation and Intrapreneurship. Austin now runs the Ausso Leadership Academy focused on Business and Entrepreneurial Mentorship.
News
NIA Questions Legality of Reps’ Financial Probe

The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.
In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.
It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.
The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.
In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.
“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.
“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.
“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”
Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.
“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.
17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.
News
Horn of Africa Leaders Seek Enhanced Digital Integration for Increased Regional Growth

Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th Ministerial Meeting of the Horn of Africa Initiative (HoAI).
Held in Nairobi, on July 14, the meeting was co-chaired by the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo and Somalia’s Minister of Finance, Bihi Iman Egeh. Discussions underscored the critical role of digital integration in reducing trade barriers, boosting government service delivery and creating employment — particularly for the region’s youth.
“Digital technologies are shaping today’s economy and tomorrow’s industries. By embedding these technologies into our programs, we can not only improve inclusion but also leapfrog outdated development models,” said Nwabufo.
She called for digital integration a “central enabler” in each of the Horn of Africa Initiative’s pillars – trade, infrastructure, resilience, and human capital,
Learning through experience
Drawing from global and regional success stories, speakers highlighted the transformative potential of technology-led development. The ministers pointed to the Philippines as a strong example, where ICT has generated millions of jobs in business process outsourcing. Similarly, Kenya’s fintech innovation—especially the success of M-PESA—was cited as a model for scaling digital financial services across the region.
Participants urged governments to proactively foster digital ecosystems by capitalizing on the demographic dividend, identifying infrastructure upgrades, tighter regulatory reforms, and digital skills trainings as priorities to enable broader participation in the digital economy.
Minister Egeh reiterated the need for more coordinated regional efforts to create the enabling environment required for accelerated digital integration and expansion. He referenced the HoAI Digital Policy Matrix, adopted in 2023 which provides a blueprint on how to address key obstacles to achieving effective digital integration across the region.
Barack Makokha, Kenya’s Cabinet Secretary for National Treasury, underscored the importance of regionally-aligned public private partnerships and advocated for blended financing to reduce investment risk and expand digital access in underserved areas.
World Bank Vice President for Eastern and Southern Africa, Ndiame Diop, called for a comprehensive multi-pronged approach, combining cross-border coordination, large-scale financing, robust policy support, and digital infrastructure investments. He pointed out that such measures could transform digital integration into, “a powerful engine of economic transformation” for the Horn of Africa—ensuring no one is left behind in the digital era.
The meeting concluded with a shared recognition that sustained political will and the determination to implement a multifaceted approach are essential to unlocking the region’s economic potential and driving long-term growth.
The event also welcomed observers from the East African Community, Agence française de développement, and Shelter Afrique, reflecting strong regional and international backing for the HoAI in the development community.
News
CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency

Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.
Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.
The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.
It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.
Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.
He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.
According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.
“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.
“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”
The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.
He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.
Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.
“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.
“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.
“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.
The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.
All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.
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