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The Mentality of Winning
By Austin Okere
I first wrote this article on April 03, 2017, exactly three years ago. I feel compelled to share it again, as I believe that it is even more relevant today in this challenging circumstance; where nothing short of Visionary Leadership and a deep sense of Community and Resilient Followership is needed to steer our nation along this rocky path and to the other side of the wave.
Austin Okere
“The thing about winning and losing is that they are both self-reinforcing.” …Austin Okere
The Gunners as a metaphor
As an Arsenal football club fan, how do I convince anybody that the team is good or that coach Arsene Wenger is doing a good job, given the long spate of trophy draught and inexplicable losses in the current season both in the English Premier league and the Champions league?
The mentality of winning and losing – the Tyson effect
Winning reinforces your self-confidence and instils an inherent mythical fear in your opponents. The whole team is energized and ready for the next win. Losing on the other hand, engenders a loss of confidence and a significant level of demystification, inviting all manner of opponents to fancy their chances at you, as happened when the erstwhile unbeatable heavyweight boxing champion, Mike Tyson lost to a lowly challenger, Buster Douglas in 1990 in Tokyo, Japan.
This was followed by a string of losses leading to a less glorious retirement, highlighted by his biting off the ear of an opponent, Evander Holyfield, during a boxing match. Thus, was dimmed a golden opportunity of going down in history as one of the greatest heavyweights of all time.
Reversing the pattern – Leicester City FC finds her magic
Taking the steps required to reverse your losing spree and shifting into a winning mentality restores your lost glory, seemingly obliterating the past string of losses e.g. Leicester City Football Club; after parting ways with coach Claudio Ranieri (ironically the same coach that propelled them to the dizzying heights of winning the English Premier League title last year) have suddenly become unstoppable again; beating the better rated Spanish side, Sevilla FC for a place in the Quarter Finals of the UEFA Champions League. Even as first timers, they are the only English team still flying the British flag where great teams such as Manchester City and Arsenal have crashed out.
Winning is ‘In spite of’; Losing is ‘because of’ – the Usain Bolt determination
A loser’s mentality is strongly underpinned by a culture of excuses; finding ‘very good’ reasons why you didn’t make it, or why you lost; as if this will magically convert the loss into a win. An earful of balderdash at best.
A winner’s mentality on the other hand, is centred on ‘making it’ in spite of all odds. A very good example being Usain Bolt, who not only holds the world record for the fastest human dead or alive, but also winning three gold medals in the 100m, 200m and 4X100m races in three consecutive Olympics; Beijing (2008), London (2012) and Rio (2016) – Now, that is a winner with a strong winning mentality.
Believe me, it is never a walk in the park. He knew what he had to do when overconfidence brought an embarrassing loss to his training partner and competitor Johan Blake. Blake beat Bolt to second place in both the 100m and 200m at the 2012 Olympic trials in Jamaica, and this was just about a month to the London Olympics.
Just imagine the pressure that Bolt would have felt. In the beginning he resorted to excuses; he blamed the 100m loss on a poor start, and the 200m on a poor bend. Realizing that a golden dream was evaporating before his eyes, he quickly faced reality in his following statement capturing his renewed attitude “it’s all about work and just needing to get my things together and get it right. I’ve got to get in the work and figure out what I did wrong”.
And with that he got himself in shape in time to win both events at the London Olympics. He did work very hard and deserved the results and his place in history (watch the documentary on him titled ‘I am Bolt’).
The Nigerian Super Eagles – Our ‘Invincible’ of old
I remember with nostalgia when all the immigration officers in the countries that I visited in the 1990’s became very friendly upon sighting my Nigerian Passport, reeling the names of our Super Eagle players and asking me if I knew them; Jay-Jay, Kanu, Amuneke, Keshi, Okewchukwu, Taribo, Oliseh, Rufia, Amokachie, Yekini, Siasia, Ikpeba and the host of others .
These were the glory days of Nigerian soccer, where other teams’ reverence of our players conferred on us very deep respect as a country. Not so these days; we have managed to get ourselves stuck in a losers’ mentality to the extent that ‘the giant of Africa’ did not even qualify for the last edition of the African Nations Cup in Gabon this year.
We managed to win the bronze medal at the Rio Olympics, but who remembers, after the unbelievable story of our players being stranded in America and arriving only hours before their opening match; what manner of organization?
The headlines in the global media were enough to make every Nigerian bow their heads in shame. The Mirror succinctly captured it thus “Nigerian Olympic football team stranded in Atlanta hours before first game after unpaid flight bill”.
You did not need to read the body of the copy to see how shoddy our organization could be. How can we aspire to Gold with this attitude?
We need the right attitude to aspire to greatness – the China and Dubai examples
Countries like the UAE did not attain their heights by sudden flight, but rather toiled over the midnight candle while other less ambitious ones floundered, more so the ones with more human and natural resources and much more potential. They have keyed into a certain winners’ mentality that sees them breaking record after record.
For instance, The Burj Khalifa in Dubai is the tallest building in the whole world. A trip to Dubai will convince you beyond doubt about how seriously they take themselves, and how seriously everybody takes them. China is another story. For over three decades, China has had the world’s fastest growing major economy.
The country is in the midst of urbanization on an unparalleled scale. With more than 1.3billion citizens, China is the world’s most populous country. Until the late 20th century, most of her citizens lived in rural areas. Within a 50-year span, the percentage of city-dwellers rose from 13 to 50%.
On a recent visit with my wife, we could only marvel at the scenic beauty of the West Lake area of Hangzhou, the capital of Zhejiang province. Our Chinese tour guide, Mr. Forrest informed us that the plan of the Government was to lift a third of the population into the millionaires club within the next 10 years.
Without power, we have not even started – the Murtala Mohammed Airport blues
Africa is called the Dark Continent for a reason; it is ‘literally’ pitch dark when you fly overhead at night, due to the dearth of electric power. The sound track of Lagos, and indeed many Nigerian cities is the din of generators coughing up smoke into the already polluted environment, making the ban on public smoking of tobacco quite superfluous.
From reliable reports, our International Gateway, Murtala Muhammed Airport (MMA) has had to rely on candle lights more than once, due to power outage (and unbelievably, failure of the Generator secondary source).
To tell it the way it is, MMA being the first and last impression of a visitor to Nigeria is either a misrepresentation, or a sad commentary on us as Nigerians. The non-functioning escalators over many years, projects us as a set of very unserious people.
How complex is the technology and what will it take to fix it? The drive from the airport to the foot of the Third Mainland Bridge that takes you into the commercial business districts of Victoria and Lagos Islands could qualify as one of the most uninspiring airport rides in the world – again, can this not be fixed; Really? A famous Irish proverb that says ‘nodding the head does not row the boat’ seems to sum this up.
Are we passionate about our country – should we be?
Is it true that passion is something you value more than your life? Something you are willing to die for? If so, are we passionate about Nigeria? Should we be? Are other nationals passionate about their countries? Growing up in Ghana, my motherland, I really felt very passionate about her, as I believe were the sentiments shared by my other classmates.
The Chinese, Japanese, Europeans, Americans and all the places we love to flock to are very passionate about their countries and will gladly use their talents to help her to win; be it at the Olympics or the World Cup.
Many a times our Athletes and Players have made money a precondition; and who can blame them? The experience seems to suggest that the officials bail with the money immediately after the games. The objective all round seems to be the money rather than the glory for country.
Epilogue – where we should be headed
As a country, we have the complete ingredients for success; human, mineral and material resources in abundance. What we need are people that can dream and turn the dream into an executable plan. Execute and live the dream. Dubai has proved this theory, we just need to follow the path to success.
We have to strongly shun the temptation to try to ‘win by shortcuts’. Imagine that Nigerians lost a whooping N18b ($45m) to the MMM Ponzi scheme, despite many warnings by the Central bank.
This is not the first time and unlikely to be the last time we embark on such get-rich-quick misadventure. We flock to all manner of religious centres and shrines looking for money doubling miracles instead of putting in brainpower and manpower towards our endeavours.
As Mary Robinson said, nobody can go back to create a new beginning but anybody can start today to create a new ending. This is what we must do as a country. Everybody needs to put in the disciplined hard work and dig into our inner recesses to find our own winning ways! We need to start in earnest to develop and sustain the serious mentality of a winner.
We need to genuinely create an enabling environment underpinned by peace and security that nurtures prosperity for all, rather than all for a cabal.
This is our chance – the tide in the affairs of Nations
“There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. On such a full sea are we now afloat, And we must take the current when it serves, Or lose our ventures”. This is the admonition of Brutus to Cassius in William Shakespeare’s epic, Julius Caesar.
Nigeria today is presented with such an opportunity. The current economic challenges after decades of squander and squalor have presented us with the golden opportunity of a reality check devoid of the distractions of easy oil money. This difficult period is too painful to waste. We must seize the opportunity for a reawakening, and realign towards doing the right thing and cultivating a winning mentality. If not now, then when? If CWGnot you, who?
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
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over its failure to account for the alleged missing ₦500 billion, which the company reportedly failed to remit to the Federation Account between October and December 2024.
SERAP’s legal action comes after allegations made by the World Bank, which revealed that out of the ₦1.1 trillion generated from crude sales and other income sources in 2024, NNPC only remitted ₦600 billion.
This left a deficit of ₦500 billion, which remains unaccounted for.
According to the lawsuit filed at the Federal High Court in Lagos on Friday, the organisation is demanding that NNPC explain the whereabouts of this missing amount.
The suit, number FHC/L/MSC/553/2025, seeks to compel NNPC to account for the missing funds.
In the legal documents, SERAP is asking for an order of mandamus to direct NNPC to account for the alleged missing ₦500 billion.
The organisation also wants the court to instruct NNPC to invite appropriate anti-corruption agencies to investigate the spending and whereabouts of the funds.
Furthermore, SERAP requests that those responsible for the missing money be identified, held accountable, and handed to relevant authorities for investigation and prosecution.
The lawsuit follows NNPC’s response to SERAP’s Freedom of Information (FoI) request, where the company argued that the FoI Act does not apply to it.
NNPC’s lawyers, Afe Babalola and Co, claimed that the company is exempt from the FoI Act.
SERAP, however, argues that the NNPC must comply with the Nigerian Constitution and the Freedom of Information Act, along with international human rights and anti-corruption standards, in exercising its statutory functions.
In the suit, SERAP emphasizes that the missing funds have significantly contributed to Nigeria’s economic instability, including the country’s high deficit spending and crippling debt crisis.
The organisation argues that the NNPC’s failure to remit these funds has worsened an already precarious economic situation.
SERAP also stresses that the missing oil revenues reflect a broader failure in NNPC’s accountability and transparency. The organisation highlights that the company’s continuing disregard for these principles damages the country’s economic well-being and governance systems.
The lawsuit also references a recent Supreme Court ruling, which declared that the Freedom of Information Act applies to public records in the Federation, including those kept by NNPC. SERAP calls on the court to enforce the application of this ruling in the case at hand.
The suit filed on behalf of SERAP by its lawyers, Kolawole Oluwadare, Ms Oluwakemi Oni, and Ms Valentina Adegoke, read in part, “Nigerians continue to bear the brunt of these missing public funds from the NNPCL meant for the economic development of the country.”
“There is a legitimate public interest in providing the details sought. The NNPC has a legal responsibility to account for and explain the whereabouts of the missing oil money.”
“The country’s oil wealth ought to be used solely for the benefit of the Nigerian people, and for the sake of the present and future generations.”
“Without the full recovery and remittance of the missing ₦500 billion oil revenues, the dire economic situation may worsen and Nigerians will continue to be denied access to basic public goods and services.”
“Nigerians have the right to know why the NNPCL failed to remit the subsidy removal savings to the Federation Account, and why the NNPCL is deliberately denying states and local governments their allocations from the Account, contrary to the provisions of the Nigerian Constitution.”
“The failure by the NNPCL to remit the money to the Federation Account is a grave violation of the public trust and the provisions of the Nigerian Constitution, national anticorruption laws, and the country’s anticorruption obligations.”
“Despite the country’s enormous oil wealth, ordinary Nigerians have derived minimal benefit from oil money primarily because of widespread grand corruption, and the entrenched culture of impunity of perpetrators.”
“Combating the corruption epidemic in the oil sector would alleviate poverty, improve access of Nigerians to basic public goods and services, and enhance the ability of the government to meet its human rights and anti-corruption obligations.”
“The Nigerian Constitution, Freedom of Information Act, and the country’s anti-corruption and human rights obligations rest on the principle that citizens should have access to information regarding the spending of their commonwealth.”
“The Auditor-General of the Federation and Nigeria Extractive Industries Transparency Initiative (NEITI) have for many years documented reports of disappearance of oil money from the NNPCL.”
“The World Bank recently disclosed that out of the N1.1tn revenue from crude sales and other income in 2024, the NNPCL only remitted N600bn, leaving a deficit of ₦500bn unaccounted for.”
“The revenue and other income were expected to be paid into the Federation Account and shared by all levels of government but the NNPCL reportedly failed to do so.”
“SERAP notes that Section 15(5) of the Nigerian Constitution requires public institutions to abolish all corrupt practices and abuse of power.”
“Section 13 of the Nigerian Constitution imposes clear responsibility on the NNPCL to conform to, observe and apply the provisions of Chapter 2 of the Constitution.”
“Nigeria has made legally binding commitments under the UN Convention against Corruption to ensure accountability in the management of public resources. Articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on the NNPCL to ensure proper management of public affairs and public funds.”
“These commitments ought to be fully upheld and respected.”
“The missing oil revenue has also impeded Nigerians’ ability to enjoy their economic and social rights, and denied them access to essential public goods and services, especially at the time of the cost of living crisis in the country.”
“Had the NNPCL accounted for and remitted the alleged missing ₦500 billion to the Federation Account, it is likely that more funds would have been allocated to the fulfilment of economic and social rights, such as increased spending on public goods and services.”
“The Freedom of Information Act, Section 39 of the Nigerian Constitution, article 9 of the African Charter on Human and Peoples’ Rights and article 19 of the International Covenant on Civil and Political Rights guarantee to everyone the right to information on the whereabouts of the missing ₦500 billion of oil revenue.”
No date has been fixed for the hearing of the suit.
The leadership of Computer Village, Ikeja, has begun a biometric registration and enumeration exercise to sanitise the market, curb criminal activity, and restore investor confidence.
In a statement, Abisola Azeez, Iyaloja, described the initiative as part of a broader rebranding effort to address issues like phone snatching, fraudulent technicians, and substandard goods.
It stated, “The market’s leadership announced the move after a recent security incident led the Lagos State Task Force to consider a complete shutdown. However, market representatives intervened to safeguard legitimate traders. Under the new rules, only registered vendors with ID cards displayed at their stalls will be allowed to operate.
Approved street setups will be limited to plastic chairs, show glasses, and umbrellas, while wooden structures and open flames are banned to reduce fire hazards.”
Adeniyi Olasoji, baba Oja, noted the market’s damaged image, emphasising new security measures like CCTV, emergency alert systems, and increased collaboration with law enforcement.
“Other leaders, including Prince Tony Nwakeze, Ralph Chibuzor, Ben Onuorah, Nofiu Akinsanya, and Ikani Tony, affirmed the move as essential for transforming Computer Village into a structured, globally competitive digital hub.
The registration will be completed within two months, after which only verified traders will be allowed to operate.
Meanwhile, Fidelix Ezeugwu, executive secretary of the Ikeja Market Board, emphasised the market’s unified leadership, comprising representatives from four major ethnic groups, and the importance of updated data to align with global standards.
He said, “Additional upgrades include installation of walkie-talkies for improved communication, enhanced street lighting, and CCTV cameras to monitor activity.
“These improvements aim to position Computer Village as a world-class market, comparable to international hubs like Dubai and Singapore.”
First Asset Management Limited, a subsidiary of First HoldCo Plc, has received the prestigious Fund Manager of the Year 2024 award. This accolade was conferred during the inaugural Capital Market Choice Awards, hosted by Nairametrics Financial Advocate Limited, underscoring the firm’s commitment to excellence and wealth creation.
The prestigious awards ceremony honoured the significant achievements of key players in the financial market, including operators, regulators, investors, and stakeholders. Their commitment and impact were crucial in fostering the growth and stability of Nigeria’s capital markets industry in 2024.
First Asset Management has received recognition for its commitment to quality service and innovation in the investment and asset management industry. This recognition reflects the firm’s exceptional performance, excellence in service delivery, and significant contributions to the financial ecosystem.
Ike Onyia, Managing Director/CEO of First Asset Management, expressed his gratitude for the recognition and commended Nairametrics for its diligence and transparency in the award process.
“We are honoured to receive this recognition, which validates our unwavering commitment to delivering value to our clients and stakeholders. Client satisfaction is at the core of our operations. This award motivates us to continue pushing boundaries and providing innovative investment solutions,” he stated.
He further emphasised the company’s commitment to deploying customised investment strategies that address the varied objectives of its clients.
First Asset Management continues to elevate its reputation with an impressive collection of awards. For over five years, the firm has been celebrated as the Best Asset Manager in Nigeria at the EMEA Finance: African Banking Awards.
The firm has also earned recognition as a Great Place to Work and won the prestigious Excellence in Asset Management award at the 2024 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, showcasing its commitment to outstanding performance and a positive workplace culture.
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