BASICALLY, there seven reasons why degree holders are poor.


Albert Einstein said, “Education is not the learning of facts, but the training of the mind to think.” Have you ever heard creativity term “Think outside the box”? One of the major reasons why most graduates are poor is simply because they can’t see and think beyond their certificates.
I have seen engineering students work as bankers. I have seen medical doctors with great skills in web and graphic designs. I have seen lawyers that are very dexterous with finances. The list is endless!

The basic truth of life is that the skills that are needed to be much sought after and become more successful in life are not really found within the walls of the classrooms. Your certificate is just a proof that you are teachable, it does not suggest what you are totally capable of doing. You are full of possibilities when you think beyond your degrees and certificates.


I have often advised some of my colleagues, never to leave their gifts dormant while pursuing and hunting for jobs with their certificates. There must be a complementary balance in the pursuit of your passion and in the search for jobs.

Everybody is gifted for something, but the winning edge comes from our ability to work on our gifts and bless the world with it. The very best way to develop yourself is in the direction of your natural talents and interest. In order to live a fulfilled and impactful life, we need to work harder on our gift than our job. We need to discover our gift, develop it, and sell it. Don’t bury your TALENT with your certificates.


It has been found that most of the skills taught in schools are becoming obsolete in the present world. The world has changed a lot, and so are people’s need! It is imperative to know that the present form of university education does not prepare students for the Future


Certificates and degrees don’t reveal people to themselves; they at most measure our IQ (Intelligent Quotient). I have often tell people that there is no Recovery without Discovery. A poor man is simply someone that has not discovered himself.

The more you discover yourself, the more you realize the treasures that are hidden deep within you. We carry inside ourselves latent treasures that can only be unveiled through self-discovery.


Degrees and certificates can close up your minds to ideas while initiatives open it up. If you are not careful, your degrees and certificates can close up your mind. The purpose of education is to keep your mind perpetually opened towards limitless possibilities!

Fred Smith saw an opportunity for overnight delivery of anything anywhere in the USA, and ultra- fast delivery anywhere in the world, FedEx was born. It will be interesting to know that Fred Smith got a grade “C” in a Yale economics class for an idea that the professor belittled as unworkable.
Fred Smith’s company became the first American business to make over ten billion dollars in annual profit. Beginning with just 186 packages delivered the first night, FedEx now delivers in over two hundred countries using over 6,030 aircraft, 46,000 vehicles and 141,000 employees.


Our certificates and degrees prepare graduates to look for jobs and not open our eyes to life-changing opportunities. You are not poor because you don’t have a job; you are poor because you are not seeing and seizing opportunities.

Being POOR is simply Passing Over Opportunities Repeatedly! What keeps people ahead in life is not their education or degrees, it is simply the opportunity that they seized. Jobs may be scarce but not opportunities.

As long as there is a problem to be solved, there will always be opportunities. It is a waste of our education, exposure, and experiences if after we graduate from school, all we think about is searching for a job. An enlightened and educated mind should be able to see and seize opportunities.


We must be willing to make mistakes and take breakthrough risks. Taking risks and learning from mistakes help us in knowing what works and what does not! When Thomas Edison was being questioned by a mischievous journalist on how he felt for having failed for 999 times before getting the idea of the light bulb, his response stunned the whole world when he confidently said, “I have not failed 999 times, I have only learned 999 ways of how not to make a light bulb”.

Many graduates and degree holders are becoming progressively poor because the skills required in the modern world to get rich are not taught in schools and institutions.

By 2025, we’ll lose over five million jobs to automation. This means that future jobs will look vastly different by the time many people graduate from the University.

Invest in something you believe! Real financial security and freedom is not in your job, but in your passion, gifts, talents, and your ability to see and seize opportunities.

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Gtbank MD, Segun Agbaje, Staff “Squeezed”By Police Over $667,000 Fraud

The Police Special Fraud Unit (PSFU), is currently investigating Guaranty Trust Bank Plc (GTBank) and its managing director, Mr. Segun Agbaje, over alleged $667,000 fraudulent transactions involving the bank.

Consequently, report gathered that the police has dragged the lender and two others before a federal high court in Lagos, in a suit marked FHC/L/CS/586/2020.

Others joined with GTBank in the suit presided over by Justice Ayokunle Faji, are: Albert Austine Ugochukwu and a limited liability company, Tasmara Integrated Services Limited.
The bank and others were brought before the court pursuant to section 6(6)(b), (2)(k) of the constitution of the Federal Republic of Nigeria 1999 (as amended); Executive Order 6, 2018, Section 4 of Police Act, 2004, section 13(1) Federal High Court Act, 2004. And also, Section 13 (1) of money laundering and prohibition Act 2011(as amended in 2012), Order 26(6-10), 28(1)(1-3),(2)(1-6) 30(A) of the Federal High Court (Civil Procedure Rule) 2019: Section 16(1)(A)(B) of the Advance Fee Fraud and Other fraud related offences Act, 2006 and under the inherent jurisdiction of the court.
In moving the motion exparte affidavit in support and written address, PSFU’s Head Legal, Mr. Emmanuel Jackson, a chief superintendent of police (CSP) leading J. I. Enang, asked the court for an order restraining GTBank from posting any debit or allowing the bank to make any drawings or permitting any drawing on 35 accounts which were used to perpetrate the alleged fraud by some customers, pending conclusion of investigation on the accounts by the police.

Ghana’s Power Abundance Turns to Burden as Energy Debts Mount

Debt levels could rise if outstanding payments aren’t cleared
Power producers say they may be forced to shut their plants
Ghana lured investors to its power industry to end chronic electricity shortages with deals it can no longer afford.

The deals’ terms require the government to pay for electricity generated even if there’s no demand for it. The move helped Ghana end its power crisis by 2016, boosting its generation to about 4,600 megawatts, well above national peak demand of 2,700 megawatts.

Debt owed to the power companies has grown, rising to $1.4 billion at the end of June, more than doubling from $600 million in July last year, according to the Chamber of Independent Power Producers, Distributors and Bulk Consumers. Its members may be forced to shut their operations, it said last month.

“Debt levels could rise even further,” Samantha Singh, a Johannesburg-based Africa strategist at Absa Bank Ltd., said in an email. “The potential increase in these liabilities could hurt government finances even further in a time it is already strained due to Covid-19.”

Excess Energy
When President Nana Akufo-Addo came to power in 2017, he started the sale of so-called energy bonds on the back of fuel levies to clear the outstanding liabilities. This helped cut the debt by half by early 2018, though more bonds haven’t been sold because there isn’t enough revenue to support them.

State-owned Electricity Co. of Ghana Ltd. has suffered an estimated annual revenue loss of $580 million due mainly to transmission leakages, illegal connections and unpaid bills. Plans to tackle the problem by introducing private investors under a U.S.-funded aid program failed to win approval. The company’s managing director, Kwame Agyeman-Budu, could not comment immediately when he was reached on phone.

Much help isn’t coming either from the West African Power Pool project, under which member countries could sell their excess power to neighbors. While Ghana was a net exporter of 967 megawatts of electricity to other countries in 2019, further exchange is hindered until 2023, when current interconnection projects will be completed.

The coronavirus pandemic pushed Ghana further into financial straits. It responded with more than 3 billion cedis ($519 million) in unplanned spending that included providing free electricity and water to citizens, tax waivers and credit to small businesses, a situation that made it difficult to keep up with the debt repayments, according to Finance Minister Ken Ofori-Atta.

“When you have limited resources in a Covid environment you have to be specific about what you’re paying and how much you pay,” Ofori-Atta said in a phone interview. “We’ve tried to keep the lights on for these four years.”

Ghana’s public debt increased to 258 billion cedis by the end of June, equivalent to 67% of gross domestic product, from 61% at the end of March. The government previously said it will use $1 billion of the $3 billion raised from the sale of a Eurobond in February to help producers refinance their commercial loans.

The two sides haven’t reached an agreement, according Elikplim Apetorgbor, chief executive officer of the power chamber.

The country’s dollar bonds made returns of 2.9% for investors this quarter, compared with 4.4% in emerging markets, according to Bloomberg Barclays indexes.

The potential constraints on Ghana’s creditworthiness make it imperative that the government attends to the debt problem in the power industry urgently, according to Gregory Smith, a fixed income strategist at M&G Ltd. in London.

“Responding to the immediate threat of the pandemic became essential,” Smith said. “Once the pandemic is beaten the focus and finances should shift back to ensuring the financial viability of the electricity sector.”

Sanwo-Olu Suspends Director For Imposing 5% Levy

Governor Babajide Sanwo-Olu of Lagos State has suspended the Executive Secretary of the Lagos State Film and Video Censors Board, Bamidele Balogun, for imposing a five per cent tax on digital platforms including Netflix and Iroko TV.

The Commissioner for Information and Strategy, Gbenga Omotosho, said this in a statement on Friday night titled, ‘Lagos State Has No 5% Levy on Audio and Visual Contents of Physical and Digital Platforms’

Omotosho, who is the Spokesman for the state government, said Balogun acted without authorisation and was therefore suspended.

The statement read in part, “There is no levy on audio and visual contents of all physical and digital platforms in Lagos State. The Executive Secretary, Lagos State Film and Video Censors Board, Mr. Bamidele Balogun, is said to have announced a five per cent levy.

The conversation that revealed Sanwo-olu and Hamzat came ready for Lagosians - Businessday NG
Lagos State Governor

“The government hereby dissociates itself from the said announcement in the media. The Executive Secretary, who was not authorised to make such an announcement, has been suspended, pending an administrative enquiry.”

He said the Sanwo-Olu administration is not insensitive to the fact that the industry has been badly hit by the effects of the COVID-19 pandemic and empathises with this and other sectors of the economy.

A Federal High Court had barred the LSFVCB from levying film and video producers.

Justice Chuka Obiozor of a Federal High Court had in a judgment in June 2020 stated that the LSFVCB could not be collecting taxes at the same time as the National Film and Video Censors Board as it amounted to double taxation.

Despite the judgment, however, Balogun had written letters to several digital platforms including Netflix and Iroko TV demanding five per cent.

A letter, which was addressed to the Managing Director of Iroko TV, Jason Njoku, stated that the firm must pay five per cent on all visual and audio content.

The letter dated August 31, 2020, read in part, “We hereby request for immediate payment of the five per cent levy on all audio and visual content produced, sold, distributed, marketed, exhibited, streamed, downloaded and shared across all physical and digital platform situate, lying and being within Lagos State.”

*How I Was Delivered From Drug Abuse* – Femi Fani-Kayode

A former Minister of Aviation, Femi Fani Kayode has revealed that at some point in his life, specifically thirty years ago, he had a drug abuse problem, which he says is now history.

Fani Kayode was a guest on the Frontline show on Africa Independent Television, where he spoke on several topics, most notably his past drug use and how he was able to get rehabilitated.

The former Minister said drugs intake could be destructive and it was important to talk about it in a way that would discourage youths from partaking, while adding that he rarely consumes alcohol.

He said, “The truth of the matter is that we have all had various experiences as young people. I drink very rarely now, and when I do, I take champagne. If I’ve ever taken any drugs, then it was certainly when I was very young. Most people of my generation, and my friends have done the same thing. The most important thing is not to encourage other people to do such things because they can be very destructive. Another thing is to ensure that you get close to God and ensure that such things do not overwhelm you.”

“The reason why I don’t speak about such things comfortably. You talked about insinuations, but I’ve spoken about this on many occasions because I use it as a reference point for other people that are going through challenges. Things that happened to me in the mid 80s, I would not want other people to go through them. I am a Christian; I became a Pentecostal Christian, and went to the seminary around 1993 after my secular education finished, and I came back to settle in Nigeria,” Fani Kayode added.

The member of the Peoples Democratic Party, would also attribute his rehabilitation to God, saying that he has become a different person since he stopped using.

“I will not sit in front of you and tell you lies; I would never do that. I wouldn’t want to go into the nature of these things and I will not talk deeply about it because these are things that you must never encourage other people to do. When you talk about wild parties; no way am I referring to drug parties or things like that; I’m simply talking about the healthy things young people do. Certainly, that has nothing to do with drugs; it’s just about going out to have a good time and there’s nothing wrong with that.”

“If God could deliver me from things like that thirty years ago, then God can deliver anybody from anything. That is my testimony and it’s a powerful one.
God not only delivered me, but he also made me to prosper, excel and contribute to the growth of my nation. George W. Bush, a former President of the United States had similar problems in his youth and he also spoke about the fact that he has been changed into a different person. From the time when I went to the Bible Seminar for two years; and I also went through pastoral training, I became a completely different person.”


 Mrs. Ibukun Awosika, Chairman, First Bank of Nigeria Limited has made her debut in a movie produced by award-winning, and proudly Nigerian movie producer, Kunle Afolayan. The movie, Citation, is created to correct one of the greatest ills – rape and sexual molestation – which affect the educational system and indeed societies around the world.

Mrs. Awosika plays the role of the dean of a university faculty, overseeing the senate hearing panel of a female postgraduate student (Moremi), played by Temi Otedola, who has been a victim of sexual harassment. The movie was shot to lend a voice to support victims of sexual harassment and rape, beyond the university environment. Ibukun Awosika was chosen due to her leading impact on women advocacy and leadership.

Unveiling Ibukun Awosika, the surprise cast of the movie, Kunle Afolayan posted on his official Instagram handle; “It all began in 2018 with the pre-production of Citation, then the production in January 2020, and now the 30th of August, we officially had the first private screening of Citation at Obafemi Awolowo University (OAU).

“Why OAU? Well, not only was Citation shot at the University, but our surprise cast is an alumna of the school.”

Expressing her delight on the movie, Mrs. Ibukun Awosika, Chairman, FirstBank said; “the physical and psychological effects of sexual harassment have a considerable toll on individuals and institutions in terms of cost. The effects of can hamper growth and the potentials and can stop the victims from engaging fully in life. We must, therefore, (as stakeholders, governments, institutions of learning; parents; media etc.), collectively rise against this menace and never let the deplorable behaviour of sexual harassment to fester.”

“I remain upbeat about this project – being part of a collective goal to continually keep dreams and hope alive; sacrificing and holding strong to our commitment to reignite the lost values. The casting experience has been very enriching and impactful to me. I am delighted to be amongst the very amazing casts in such an intriguing and brilliantly scripted movie.

Obafemi Awolowo University played host to the movie which was written by Tunde Babalola. Other stars in the movie include; Joke Silver, Jimmy Jean Louis, Sadiq Daba, Gabriel Afolayan and Temi Otedola, amongst others.

Fire Breakout in Oba’s Palace In Lagos

A part of the palace of the monarch of Isheri-Olofin, Oba Wahab Balogun, was gutted by fire on Sunday, August 31st, 2020.
The Oba’s palace is situated around the Isheri roundabout area of Idimu, Lagos State.

The Lagos State Emergency Management Agency (LASEMA) confirmed that the fire was caused by high voltage electricity, razing one of the rooms in an eight-bedroom bungalow on the premises of the palace

A yet-to-be identified man got choked with the smoke as the LASEMA officials and able-bodied men in the area rushed to the palace to quench the fire.

The victim was said to have been taken to a nearby hospital for treatment.

The spokesperson for LASEMA, Nosa Okunbor said post-disaster assessment was conducted by the team in the presence of some palace officials and there is no threat of re-ignition as the fire was extinguished with copious volume of water.

“Also, the eight-room bungalow did not show signs of structural defects as a result of the fire. The operation has been concluded”, he said.

Lagos Govt Fixes Date For Reopening Of Secondary Schools, Tertiary Institutions

 Lagos State Governor, Babajide Sanwo-Olu

Lagos State Government has fixed September 14, 2020, as resumption date for tertiary institutions in the state.

Governor Babajide Sanwo-Olu made the disclosure during a press conference on Saturday.

He also disclosed that primary and secondary schools may tentatively reopen by September 21, 2020.

According to the governor, bars, lounges, spas, night clubs remain closed.

“I am pleased to announce that our tertiary institution will be allowed to reopen from September 14, 2020, all our tertiary institutions,” he said.

“This decision is not cast in stone and is subject to review of our ongoing modelling and what procedure comes out from the ministry of health.”

Recall that schools in Lagos had been shut as part of efforts to curtail the spread of the novel coronavirus disease, COVID-19.

Shinzo Abe RESIGNS as Japan’s Prime Minister

Japan’s prime minister, Shinzo Abe, 65, has announced his resignation after his eight-year stint in power due to ill health amid reports he had been vomiting blood. 

Abe, 65, who made the announcement on Friday August 28, said he had suffered a relapse of a chronic bowel condition -saying he had ‘lost a lot of his energy and strength’ and would need regular medical treatment that would prevent him from tackling the Coronavirus crisis. 

‘I have been struggling with my illness and I have to get treatment. Poor health should not lead to wrong political decisions,’ he told a press conference.  

Speculation about the Prime Minister’s health started after he made several visits to a Tokyo hospital in the space of one week.

On Monday morning August 24, Abe reportedly visited Keio University Hospital in Tokyo for what was his second hospital visit in a week. There are also reports of the PM vomiting blood due to his health.

The governing Liberal Democratic Party is expected to appoint an interim leader who will serve until the party can hold a leadership election, according to NHK. 

The leading candidates to replace Mr. Abe include Taro Aso, the long-serving deputy prime minister, and a former prime minister; Yoshihide Suga, the chief cabinet secretary to Mr. Abe; Shigeru Ishiba, a former defense minister who once ran against Mr. Abe for party leader; Fumio Kishida, a former foreign minister; and Taro Kono, the current foreign minister

Abe who suffers from colitis, a non-curable inflammatory bowel disease, resigned during his first stint as the country’s leader from 2006 to 2007 before he became Prime Minister again in 2012.

65th Anniversary: Old Students Donate To Alma Mater

The Award-winning Old Students’ Association of Methodist High School, Ilesa, through some of their sets, continued with their intervention in the affairs of the school by donating additional graduation gowns to the school recently.  

This increased the number of branded graduation gowns made available to the school by her 1976 graduating set to 175 pieces.

In addition, the same set also donated one thousand(1000) pairs of school uniform(Trouser & Shirt and Skirt & Blouse to the students.
Methodist High School, Ilesa which was founded in 1956 is currently preparing for her 65th Anniversary Celebrations which will hold from January 24 to 26, 2021.

The celebration will, as is usual with the Old Students’ Association, another opportunity for the commissioning of some of the projects currently under construction/refurbishment in the school.

It will be recalled that the Old Students’ Association of Methodist High School Ilesa was celebrated by the Ministry of Education in Osun State for the follwing
1. Construction of New ultra modern gate house
2. Re-roofing of 42 classrooms including replacement of windows, doors, painting and flooring of classrooms 
3. Refurbishment of Physics and Chemistry Laboratories
4. Complete upgrade and modernization of Home Economics Laboratory 
5. Construction of Olympics size Basketball Court

6. Reactivation of Water Supply System through a deep well and network of pipes
7. Renovation of the Principal’s Officeincluding the construction of a car park for the Principal
8. Refurbishment of the NYSC LODGE
9. Construction of new block of ten toilets for the staff and the students
10. Sponsorship of 2016 and 2018 inter house sports
11. Donation of Computers
12. Renovation of School Fence
On-going projects include the Construction of E-Library, Astronomy Laboratory, Sports Hall for Table Tennis and Upgrade of new classrooms among others. 

SIGNEDEngr. Dideolu FalobiPresident Old Students’ Association of Methodist High School, Ilesa

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