An end-of-year inspirational talk delivered on 14th December, 2024 to his select mentees of young entrepreneurs in Nigeria monitored in Lagos, Dr. Leo Stan Ekeh advised them not to lose hope in the Nigerian economy, as he projects that the country shall start returning to a comfortable zone from the 3rd quarter of 2025, he also warned them to apply greater caution in transactions with persons and corporates of questionable character, stressing why due diligence and being local are both critical and an added advantage. Below are excerpts from the lecture.
The new fraud is corporate and Personal blackmail, which my companies and I have fallen victim to. I am sure you have read some in the newspapers where CEOs of responsible corporations in Nigeria are tagged fraudsters. This is the work of blackmailers, and they partner with a few blogs, engage some innocent respected law firms for hyping and a few government officials to achieve their set objectives to destroy your corporate and personal reputations. These negative online materials are then lifted by Google, Facebook, Instagram, and other social media platforms so that when people search your organisation or personal names, you are seen as a crook. This is with the intent to destroy your brand and affect your credit rating globally.
