Wolé Olúyemí Profile picture
May 23, 2020 11 tweets 7 min read Read on X
Let’s talk about Tricia.

Tricia’s travel agency business in Lagos is temporarily closed down due to the #COVID19 crisis and no single revenue has been earned since the beginning of March.

She has an issue with her employees. Your opinion is required.

#WO #ChatWithWO 1/12
In her travel agency business in Lagos, she has 11 employees - 1 Manager, 1 Operations Supervisor (manages the travel booking software), 7 Sales Executives, 1 Driver & 1 Office Assistant.

#WO #ChatWithWO 2/12
As a “nice person”, she paid her 11 employees their full salaries for March. In April, she borrowed funds to pay 50% of the salaries to all employees.

#WO #ChatWithWO 3/12
However, the manager wrote her an email (on behalf of all 10 others who were copied on the email except the driver and office assistant) to threaten her to pay the April balance since her other food delivery business (in Abuja) is working and making money.

#WO #ChatWithWO 4/12
Tricia called me to ask for my opinion. What should she do?

I asked her what she needed from me truly. Does she want a psychological uplift to justify her socialist behaviour that has just gone bad. Or she wants to take a business decision.

#WO #ChatWithWO 5/12
For me, the decision on this one should be very easy - at least for 8 of the 11 employees.

#WO #ChatWithWO 6/12
The manager that sent the threat email without any sense of responsibility, plus the 7 sales executives that were paid one and a half (1.5) months salaries without bringing any sales, and yet had the courage to be the major brains behind the threat email.

#WO #ChatWithWO 7/12
Tricia said her dad shared the same view point as my position.

She has gone ahead to terminate the employment of the 8 people and appointed Amaka, the Operations Supervisor, as the new acting Manager.

#WO #ChatWithWO 8/12
Amaka came to apologize for the incident and acknowledge that the sales team started the complaints and convinced her and the Manager. Tricia accepted her apologies 🤷🏽‍♂️.

#WO #ChatWithWO 9/12
Fast forward to 9 days later.

Amaka called Tricia. She got a deal to arrange a chartered flight for 43 expatriate employees of an American company back to the US once the flight restriction is relaxed. Client has paid. This Amaka doesn’t disappoint.

#WO #ChatWithWO 10/12
What do you think about how she handled the 8 employees? Wait ooo, should she bring them back to the company? What’s your take?

#WO #ChatWithWO 11/12

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More from @WoleOluyemiCo

Nov 7, 2020
On education, the FGN needs to grant full autonomy to the schools, issue clear KPIs (admission, teaching, research, infrastructure quality, graduates’ placement rates), and then regulate.

Let me attempt to answer @ItsChristy__ ‘s question 😁

#Thread #EducationReform #education
First, let’s be clear - I won’t disagree with @ItsChristy__ on government’s inefficiency and pervasive corruption.

My position is that we can’t continue to do the same thing over and over, and expect a different result. That’s insanity!

#EducationReforms #WO
We need a drastic reform in our educational sector.

The Universities governing councils should run the schools. Let them be autonomous and self funding.

#EducationReforms #WO
Read 15 tweets
Sep 23, 2020
Janet (name disguised), one of my mentees, was sacked last week with practically zero notice period. I was angry.

I read her employment letter when she got the job and I thought I knew the content.

I didn't realize she went back to renegotiate one of the clauses.

#Thread #WO
Apparently, she went back to negotiate the termination clause.

The company had a policy that termination or resignation required 4-weeks notice with no payment-in-lieu.

She didn't like it. It limits her flexibility to switch to a new job if such an opportunity comes.
They agreed to give her a waiver because they desperately needed her.

The company now agreed to amend the clause to say that both parties could terminate the employment contract with one week notice or payment in lieu. The updated employment letter was signed.
Read 11 tweets
Sep 21, 2020
The session by #CFAANigeria is on. Don’t miss it.

Pastor Femi Atoyebi is on. The way he is dissecting issues, SAN title just dey hungry me.
True.

Jesus could have said “Do you know who I am”? when he was asked about taxes. - Pastor Femi Atoyebi on submission to authourity.
Accountability is all what Part F of CAMA2020 is all about - Pastor Femi Atoyebi.
Read 28 tweets
Sep 18, 2020
I remember one “smart” guy who got a $4K per month job in CA and was so excited that they processed work visa for him.

I told him the salary would make him worse than the N500K he was earning in Lagos. He thought I was stupid.

It didn’t take long before he realized.

#Thread
How will $4k ($4,000 x N420 = N1,680,000) not be better than 500k in Lagos?
He suddenly realized that accommodation around San Francisco was about $3k per month and he didn’t have anyone to stay with.

Cheapest mattress he got was about $250.

Gas & Electric - $200/month

Water - $150/month

1 drumstick of chicken 🍗 - $1.
Read 5 tweets
Sep 12, 2020
Thanks Prof @yomitheprof for this article. While your conclusions are not aligned with my views on this topic, I believe that most of the arguments are logical and fair.

I believe that some of the issues raised should drive the discussion for the first amendment to #CAMA2020 😁
My view points are already shared in this article here - businessday.ng/opinion/articl…
Yomi’s article is actually the best non pro-CAMA article that I have seen - it came with strong logic that is devoid of unnecessary emotions and sentiments.

Let me just share my thoughts on some of the issues raised.
Read 10 tweets
Sep 11, 2020
Agriculture (note that I didn’t say farming) is a good business.

There are so many parts of the agrifood value chain.

Yes, people are making millions. But, many are making losses.

It depends on where and how you are playing out your strategy.
I don’t believe that Nigeria is underproducing - especially for most of our food products (crops and livestock’s).

For me, the challenge is from the harvesting stage and from the farmgate.
I won’t invest a $1 in any Nigerian business in the pre-harvest stage of the value chain (as of today). That’s me - as of today.

For those that have sent their investments decks to me for businesses in that part of the value chain, the answer has been an emphatic NO.
Read 6 tweets

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