mba 7 annual report

Lagos Business School MBA 7 Alumni

2011 - 2012 Annual Report

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Message from the President Fellow MBAs,

The year 2011 was a challenging year that was also filled with various interesting events. It was the year the Lagos Business School celebrated its 20th anniversary. A number of colleagues tied the nuptial knot while others obtained their bundles of joy in terms of newborns.

On the economic front, there were a number of new businesses opened by colleagues to satisfy various needs in the Nigerian space.

This year was one in which the unity of the class remained paramount on the minds and actions of the executives. This stemmed from various tones of discontentment that were sounded by colleagues at various instances. A number of executive organized events as well as other social gatherings took place that further aided the networking and bonding among colleagues. These events served as opportunities to share ideas as well as avenues to catch up with colleagues given their busy schedules.

We wish to congratulate the newlyweds as well as the new fathers and mothers on their new status. We also look forward to more of such events in the years to come.

We would also like to thank the class as a whole for the never-ending support shown during the year.

Thank you very much.

Lawal Kabir Bamidele


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The Year in review Mission Statement

The Exco set up a sub-committee to draft a mission and a vision that would guide the activities of the MBA 7 Alumni Committee. This Committee comprised 7 members namely:

Olufemi-Ayoola Sade, Mrs.

Ajaebili Ifeanyi, Mr.

Ogundana Wale, Mr.

Obiakor Ikechukwu, Mr.

Lawal Kabir, Mr.

Odogun Ejiro, Mr.

Sanya Segun, Mr.

The committee met on Sunday, July 10 2011 and afterwards communicated widely via email and telephone until a final copy of the mission and vision was drafted. Thus, the mission of the MBA7 Alumni Committee is:

“To provide a platform that will encourage the development of mutually beneficial relationships and interactions among our alumni while simultaneously engaging and promoting meaningful, progressive and sustainable interest in the activities of the parent Alumni body and the larger society”.

Lagos Business School still remains among the

top 55 globally on the FT Open Executive Education rankings


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Meetings In the year of 2011, 3 meetings were held, 2 for the general class and one for a selected group in the class. The dates and venue of the meetings are as follows:

March 27 - Sweet Sensation Restaurant, Adeola Odeku Street, Victoria Island, Lagos

July 10 - Sweet Sensation Restaurant, Adeola Odeku Street, Victoria Island, Lagos

December 10 - The Oyianas, Abiona Close, off Falolu Street, Surulere, Lagos

There were a total of 6 weddings involving class members the year 2011.

Former Ms. Amaka Ihejieto became Mrs. Amaka Odunze on June 10 2011. Former Ms. Rachael Ugoala performed her traditional marriage rites to become Mrs. Rachael Anyadibe on Saturday August 20th 2011.

Mr. Sola Akinuli and former Ms. Funmi Adenekan tied the nuptial knot also on Saturday August 20th 2011 while former Ms. Jumoke Lawal became Mrs. Jumoke Olufadeju on Saturday September 3rd 2011.

Former Ms. Ifeoma Ilozue became Mrs. Ifeoma Ude on Saturday November 12th 2011 at a ceremony in Anambra State while Mr. Ejiro Odogun performed his traditional marriage rites on Monday 26 December 2011.

Weddings

Events


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Mrs. Kunmi Olusanya gave birth to a baby girl (Rereloluwa) on 23 April 2011. The wife of Mr. Emeka Ogbannu was also delivered of a baby boy on 29th July 2011 (Zara). Additionally, during the course of the year, Mrs. Rachael Anyadibe was delivered of a baby boy Tyler.

Mrs. Jokotade Adenusi gave birth to a baby boy (Imran) on 4th January 2012. The wife of Mr. Ikechukwu Obiakor was delivered of a baby boy (Zuriel) on 21st January 2012.

President’s Dinner Child Births

The President's Dinner took place on Saturday June 11 2011 at Harbour Points Center, Victoria Island, Lagos. It was a well-attended black tie event, which was also used to commemorate the 20th anniversary of the Lagos Business School. The MBA 7 class was the only Fulltime MBA class to have a table on the night.

The 2012 President's Dinner will be held at Zinnia and Lantana Halls, Eko Hotels and Suites on Saturday, June 2 2012.


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The LBS Alumni Day was held on Thursday, November 17 2011 at the Honeywell Group Auditorium of the Business School. It was a well-attended event that featured guest speakers such as Ms. Teresa Clarke, Founder, Chairman & CEO of Africa.com LLC; Mr. Mustafa Chike-Obi, MD of AMCON and Mr. Arnold Ekpe, Group CEO of Ecobank Transnational Group.

Class Donations Alumni Day

As at 31st December 2011, there was a 42% compliance rate for the class donation that was promised on the day of the convocation. This is despite several payment appeals by the executive committee. A sum of N400,000.00 (Four hundred thousand naira only) was handed over to the LBSAA on the 29th of March 2012. This leaves a balance of N600,000.00 the executive committee seeks to obtain from colleagues to fully fulfill the pledge.

The LBS mentoring programme commenced in October 2011. It is a program that brings together mentors in a specific field of expertise and mentees that seek knowledge in those fields. It is currently open only to financial members of the Lagos Business School Alumni Association (LBSAA).

Mentoring Programme

LBSAA Financial Membership

As at 31st December 2011, there were about 7 financial members of the LBSAA from the MBA 7 class. This constitutes about 10% of the class, a far cry from the LBSAA target of 50% per alumni class. Being a financial member comes with various benefits, which include admission into the over 20 alumni sessions held every 2 weeks, airline travel and hotel booking discounts (e.g. Delta Airlines, Eko Hotel, Protea Hotel etc.) The full list of benefits and discounts is available in the Footprints Magazine of the LBSAA.

Annual membership costs N12,000.00 (Twelve thousand naira only) while life membership costs N120,000.00 (One hundred and twenty thousand naira only).

Conclusion Despite the year gone by being one of some challenges, the coming year is one of foreseeable successes. We must therefore continue to work together not only as a class but a single unit to conquer new frontiers in the Nigerian and global markets. We should put in a bit more effort in class activities to show the rest of the School we truly are one class united. With the events lined up for the year 2012, we ask for the full participation of the class in order to make these events true successes.

As the executive committee strives to further fulfill its mandate, Executive Committee elections will take place by the middle of the year due to the expiration of the current tenure of the present Executive Committee members.

mba 7 annual report

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