At the intersection of business & social good. ESG. Sustainability. Corporate Citizenship. Good governance advocate. ZOE✝ Blue blood @Chelseafc 💙
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Joined April 2011
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Sunkanmi retweeted
Jensen Huang getting caught with a suspected Chinese spy is not a national security crisis. It's the greatest liquidity event in market history.
He's running the Lou Pai Enron playbook to perfection. How do you dump billions in $NVDA at the absolute peak of the AI bubble without spooking the tape or triggering an SEC/DOJ insider trading? You get a divorce judge to legally force you to liquidate the position.
Zero regulatory blowback. Generational bag secured. 🏆 Undisputed GOAT.
Regulators hate this one simple trick.
Sunkanmi retweeted
The five oldest companies listed on the NGX, based on their incorporation dates, are:
1. Royal Exchange PLC, incorporated in 1921.
2. Unilever Nigeria PLC, incorporated in 1923.
3. UACN PLC, incorporated in 1931.
4. May & Baker Nigeria PLC, incorporated in 1944.
5. Wema Bank PLC, incorporated in 1945.
First Bank was incorporated in 1894, but the company currently listed on the NGX is First HoldCo, which was incorporated in 2012.
The five longest-serving companies on the NGX, based on their listing dates, are:
1. Guinness Nigeria PLC, listed in 1965.
2. Academy Press PLC, listed in 1965.
3. UBA PLC, listed in 1970.
4. PZ Cussons Nigeria PLC, listed in 1972.
5. Nigerian Breweries PLC, listed in 1973.
Sunkanmi retweeted
Nico Paz + classical music 😍🎶
#UCL
Sunkanmi retweeted
BREAKING: Sebastian Matta, a 19-year old student at Arizona State University, just successfully CRUSHED his Republican opponent to become the next clerk of Superior Court in the nation's 4th-largest county. He killed it on Jimmy Kimmel tonight. This is a must watch.
Sunkanmi retweeted
The transmission is clear.
In Nigeria, a significant part of government borrowing goes towards recurrent expenditure, including salaries, pensions and other obligations. In other words, the government is increasingly borrowing to sustain existing consumption rather than expand the productive capacity of the economy.
There is nothing inherently wrong with borrowing to meet recurrent obligations in exceptional circumstances. The problem is when it becomes a persistent financing model.
The economic transmission is that Government borrows, pays salaries and meets other recurrent obligations. The recipients of these funds spend a significant portion on food, transportation, housing, education and other goods and services. This increases purchasing power and aggregate demand.
But what happens when the productive base of the economy does not expand at the same pace?
One leg has moved, but the other has not. You have more money chasing relatively the same quantity of goods and services. Something has to give. The result is inflationary pressure.
And when you have inflation, there are two important channels through which it affects the exchange rate.
First, when domestic prices rise faster than those of trading partners, locally produced goods become relatively more expensive. Imported alternatives become more attractive, increasing demand for foreign currency. If foreign exchange supply does not keep pace, the naira comes under pressure.
Second, inflation erodes the purchasing power of the local currency. People naturally have an incentive to preserve their wealth in currencies with more stable purchasing power. This encourages a shift towards foreign currencies, creating further pressure on the exchange rate.
Currency depreciation then feeds back into inflation through higher import costs, particularly for businesses that depend on imported raw materials, machinery and intermediate inputs.
This creates a difficult macroeconomic environment.
To manage the situation, the Central Bank has to use monetary policy to contain demand, anchor inflation expectations and restore confidence in the local currency, and this effectively means higher interest rates.
But there is another problem with this borrowing model.
The government accumulates debt without necessarily creating the productive assets or expanding the revenue base required to service that debt in the future. It also competes with the private sector for available domestic savings, potentially crowding out private investment and making credit more expensive.
Of course, public-sector salaries are not inherently unproductive. Teachers, doctors, engineers and other public servants provide services that contribute to economic output. The question is whether the overall expenditure is sustainable and whether it translates into meaningful economic and social outcomes.
The deeper issue is the composition of government expenditure.
We need government borrowing and expenditure to expand productive capacity, improve infrastructure, reduce the cost of doing business and crowd in private investment. That is not what we have been doing in the past 20 years.
Sunkanmi retweeted
Tradermoni? Farmermoni? NPower? Vote buying?
Which of them?
Sunkanmi retweeted
North Korea stole $6.3 billion from Binance by inviting one of its engineers to a job interview at a company that didn't exist.
And the guy didn't even have access to the money.
It took them five months and two separate hacks to pull this off.
Back in June, an engineer on Binance's wallet team went looking for an AI tool and installed a tampered Homebrew package. Binance caught it, swapped the laptop and reset the passwords. Problem solved, they figured. Except by then the attackers already knew who worked on that team and what each person did.
So they went recruiting.
In September a different Binance engineer got a message on a real job site from someone calling himself a project director. First round was a video call with a fake HR person, who even shared a social media account full of personal photos so the whole thing felt legit. Second round was with the "CEO," who told him to download a coding assignment onto his work computer. It was loaded with malware nobody had seen before, and Binance's security software missed it completely.
Then they waited. On October 20 they used his laptop plus one of Binance's own internal AI tools to get onto two wallet engineers' computers, and one of those engineers had permission to spin up new code on Binance's systems. Nine days later the attackers did exactly that. They ran a script and used an Ethereum feature called EIP-7702 to hand themselves control of a hot wallet, one of the wallets Binance keeps online to process withdrawals. Money started pouring out at 8:05pm UTC.
It took Binance four hours to stop it, which works out to more than $25 million a minute.
And it took that long because of a safety feature. Binance splits the signing power on those wallets into pieces held by different parties, so no single employee can ever drain one alone. That sounds great until something goes wrong, because it also meant nobody could hit the off switch on their own.
For context, the previous record was Bybit's $1.5 billion in February 2025, also North Korea. This one is four times bigger. Binance has already refilled about 98% of it out of its own pocket and says customers won't lose a cent.
Binance says it blocked 57 suspected North Korean attacks this year, and the one that got through started with a guy who just wanted a new job.
Orange Grandpa won't be happy with this analysis.
One of the things the data analysts on our side obsessed over was "composition"—whether the electorate looked close enough to 2024 for Republicans to win. And despite polls that showed a Democrat blowout, the data kept on telling us the same story: in some states turnout was merely OK, in other states it was downright amazing, and in no state was it catastrophic. There was a genuine sense of optimism on our team: our people were showing up.
So, I asked the smartest data guy I know, does that mean we're going to shock the world? "No," he told me. "We might do better than the polls suggest. But the data is telling us that a lot of Trump/Vance 2024 voters are pissed and planning to vote for the other guys. Our voters are turning out, but they may not vote for us."
Well, that looks prophetic now. Our voters did show up. In Florida, for example, the electorate was 9 points more Republican than Democrat, just a couple points worse than 2024. Undoubtedly there were places we could have done better on turnout. But the main problem is not turnout. The main problem is that many people who voted for Trump/Vance in 2024 voted for Democrats in 2026.
There will be a lot of infighting and arguing over what happened and why that is. One of the pollsters I really respect told me that our economic messaging wasn’t sharp enough down the stretch. I’m sure that’s true.
But the real reason we lost is obvious to almost everyone.
Another pollster—one of the smartest people I know in politics, told me yesterday we’d lose the generic ballot by 13 points. I felt negative going into Tuesday, but even I was shocked by this. In his polling, he saw that a lot of Trump 2024 voters were angry and planning to vote for Democrats. He asked those voters who had abandoned us what would cause them to come back on our team. The top four answers, accounting for nearly all of the responses were:
1) End the war
2) Focus on cost of living/inflation
3) Put America First
4) Change our relationship to Israel
Our voters showed up. And the above four reasons are why many of them voted for Democrats. This is according to a pollster who nailed the results. While many spent Monday attacking Rachel Campos Duffy for calling for a diplomatic resolution to the conflict, it turns out her political advice was sound. (She’s also a great person.)
In the next few months, there's going to be a lot of gaslighting. Expect to hear any number of establishment politicians say the solution to our woes is amnesty. I'm open to the idea that we should change enforcement—by focusing more on businesses that hire illegal labor, for instance. But anyone pushing amnesty is lying to you.
The reason we lost is the war. The president himself said so last night.
If you'd like to argue it was worth it, that losing the Senate for the next 6 years was worth it, then do so. Argue it was a worthwhile cost to pay. Agree or disagree, that's at least honest.
But everyone knows why we lost. And any honest conversation about where we go from here must start there.
I remain hopeful about our country. To the people who are pissed off and want to say, “I told you so”: you’re right, you did tell us so. Take that energy into electing Republicans who share your worldview. To the people who are just pissed at the results, you should be. Let’s take that anger and get back to the work of saving our country.
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Sunkanmi retweeted
“Chicken Republic was founded by Deji Akinyanju” ✅✅✅
“Chicken Republic is owned by Deji Akinyanju” ❌❌❌❌
Although Deji Akinyanju has less than 0.5% stake in the business, 80%+ of Chicken Republic is owned by Development Partners International (DPI) and African Capital Alliance.
Chicken Republic is owned by Deji Akinyanju
Sweet Sensation is owned by Kehinde Kamson
Tastee Fried Chicken is owned by Olayinka Pamela Adedayo
Item7go is owned by Ibigbemi Oloruntobi
Kilimanjaro is owned by Ebele Enunwa
Tantalizers is owned by Abosede Ayeni
While Akwa Ibom and Cross River State are reputed for their culinary prowess, no one from either state seems to have a national fast-food brand/franchise.
I think it's ironic.
Sunkanmi retweeted
I saw a tweet earlier asking where people who leave the Big 4 actually go next, and I smiled.
It’s a genuine question.
But from what I’ve seen, a lot of people in the Big 4 aren’t necessarily there with the intention of staying until Partner. They are there to learn as much as they can, build expertise, get the exposure and create an edge for themselves.
And honestly, even Partners leave.
There is so much happening outside the Big 4. What I find interesting is that you may not even know some of these opportunities exist until you are inside.
You work with a client in a particular industry. You see how a transaction is structured. You meet people on the other side of the table. You start to understand businesses and roles you probably would never have come across otherwise.
That exposure changes your view of what is possible.
Think about it this way. You could join as one of 20 Graduate Trainees. As you move up, the number gets smaller. People leave at every stage for different opportunities.
By the time you get to Partner, only a tiny fraction of that original group will still be there. Maybe one out of the 20, if that.
So where do the others go?
Quite literally, everywhere.
Some move into industry. Some go into investment banking, private equity, corporate finance or development finance. Some move abroad. Some simply find a path that makes more sense for them.
And I think that is one of the beauties of the Big 4.
Wherever you decide to go next, you are not starting from scratch. You are taking years of experience, technical knowledge, exposure and credibility with you.
And in many cases, you command almost twice, sometimes even more, of what you were earning before.
The Big 4 may not be where you end up.
But it can give you the leverage to decide where you want to go next.
Sunkanmi retweeted
On this networking thing. You need more of your peers than the folks above you. I'd say it should be
10% above you
70% your peers
20% below you.
Now, your peers must be people who get shit done. High agency, high performers. 10 to 20 years from now, you can pick up your phone and dial a minister, a senator, a commissioner.
The middle (your peer) is where you can add the most value. It's also where you get the most value.
If you are above me, I won't reach out for help unless I'm sending you something of value. You will not see my call not to talk, or ignore it.
