Abdulwahab Iyanda Folawiyo and Tunde Folawiyo
The perfect example of a father to son handover, even more perfect than that of Paschal and Uzoma. Tunde Folawiyo’s father, Abdulwahab Iyanda Folawiyo, began what will become a business empire when he founded Yinka Folawiyo & Sons, an import-export enterprise, in 1957; four years before Tunde was born. Fifty years on, the enterprise has grown into Yinka Folawiyo Group, a diverse conglomerate with interests in shipping, banking, construction, agriculture and energy; and Tunde has grown into, well, the Chairman.
Yinka Folawiyo
The elder Folawiyo, famous for his business savviness and philanthropy, passed on in 2008 and the baton of his legacy was passed on to Tunde as he became the chairman of the Yinka Folawiyo Group. Tunde has been the CEO and group Managing Director of the group since 1989, and prior to that practised law with the law firm Messrs Ogunsanya & Ogunsanya. Like his father, Tunde’s business savviness continues to manifest; he has held roles on the board of several leading companies among them the Telecom giant MTN Nigeria Communications Ltd where is a director and shareholder.
He has also taken to philanthropy, demonstrated by his involvement in several education institutions, including the African Leadership Academy — a school dedicated to improving the skills of the next generation of African leaders.
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