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Osaze Osifo
Born in United Kingdom
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Seun Faluyi Osaze did well March 8, 2012

Osaze’s family did not know what he would become when he was born. But the family had very high expectations for him. We are glad that he did not disappoint the family. He lived his life well. 

Osaze was full of life when he was young. He was always bouncing all over the place and it was difficult to keep him down in one place. I know we who were his cousins couldn’t. And his parents also had a hard time keeping him in one place as well. He was so irrepressible and full of energy. He played hard but he worked even harder.

Osaze studied to be a mechanical engineer but yearned to do more. He had a talent for numbers but the numbers he found a passion for was not in engineering. It was in finance and investment banking.

Osaze made an outstanding success in using his talents. He was successful in HSBC, successful in helping to build Oando into what it is today, successful in setting up Travant, successful in changing the image of First Bank in the investment banking world and was succeeding in mobilizing financial institutions support for the Nigerian power sector reforms.

Osaze and his siblings relocated outside Nigeria after their university educations but they all stayed in touch with their roots. I recall many long discussions Osaze and I had while he was in the UK, talking about his work and my work, about his view on Nigeria and my view on Nigeria. He told me about his work on derivatives, what it meant to work as a trader, how time lost meaning as he was working in markets all across the globe and that it effectively meant his trades were round the clock. It all sounded very exciting and he tried to teach me over the phone. But I said I could not really understand high finance and all that he was doing but I was very happy for him.  He however picked interest what I was doing, consulting in the power industry in Nigeria and was really enthusiastic about it. He even ran numbers and said what he thought private power developers should be looking for in terms of returns.

He was also mulling over moving back to Nigeria and wanted to know what I thought. I painted a picture of hope. A lot of bright minds had left Nigeria because of the failure of so many of our leaders. But the tide was changing and there was real possibility of making a difference. But that difference could only be made with boots on the ground, by staying in the country. It would however be a real advantage if those making the change had experience of knowing how things worked, working in economies or countries where things where better. But it would also make sense to be cautious about a relocation as many had made previous attempts and failed miserably as they could not re-acclimatize themselves to living in Nigeria. If he could commute for a while and set up something that would ensure he gets a soft landing, his relocation would be easier

Osaze actually did commute between Lagos and London for a while before he finally relocated his family. When he came back though, he came back with zest. After he returned, we talked about what he was structuring for Econet while at HSBC. He invited me over to meet with his friends in Ocean and Oil while they were dreaming big things. He told me about the audacious step he was taking in structuring the acquisition of Unipetrol. He had a knack for accomplishing what seemed to many to be impossible.

His interest in the power sector did not wane either. He wanted us to work together on developing a power solution in Nigeria though that did not eventually work out. He championed the development of a power business in Oando. He stayed close to the power sector reform managers in Nigeria and had FBN Capital sponsor a lunch at the last retreat organized by the Federal Ministry of Power in January. He wanted to make a difference and mobilise the finance sector to provide private capital. And he would have been successful using First Bank as a platform. He would again achieve what many would say is impossible.

But Osaze’s interest in relocating was not driven only because he wanted to make a difference in Nigeria. He also wanted to support his parents. His siblings have a tradition of a calling their parents every Saturday morning. But his parents are ageing. Uncle and Auntie are getting along in years. Just sending things over is not the same as seeing your parents face to face. Buying things for them is not the same as being with them. Egbe and Enoma and he could visit Ibadan when they are on holidays but he wanted to do more. He is the only son and he decided that he needed to do more. He chose to live in Ikoyi because he had always wanted to. But he visited Ibadan a lot. He had even visited Ibadan on the Tuesday before the Tuesday he slept and did not wake up. He had driven over to spend time with Uncle and Auntie even though he did not know it would be the last time he would do so. He was a very busy professional but he made his parents a priority in his life. Relocating back to Nigeria was also a way for him to provide for his parents and do more.

But his real heroes were his wife, Ibukun, and his children, Adesuwa and Ehioze. He thought the world of them and would do anything for them and to protect them. They were his priority and his family would not have had it any other way. He was close to his siblings and his sisters’ children were all very close to his children as well. It is a tradition he got from his parents. It is one that he has kept well.

The outpouring of grief from his friends, his colleagues, his peers in the industry and even people that say they met him only briefly, is a source of comfort and encouragement to his family. Osaze was a son, a brother, a cousin who will be sorely missed. But there is a sense of comfort in knowing that he had done the family proud and that he will also missed by many for whom he was a friend, a professional colleague or an industry expert.

Osaze was very busy and always in some kind of meeting or the other but you always knew he was there.  He may not always take calls when he is busy but you knew he would never forget you. If he could not pick up his calls, he would return the call as soon as he could. His family will also not forget him. He may no longer be able to take our calls but we will all be there for his family – his wife, Ibukun, his children, Adesuwa and Ehioze, his sisters Egbe and Enoma and his parents.

Osaze has done his best. We believe there will be a resurrection. It is our hope and fervent prayer that Jehovah, our Heavenly Father, will remember Osaze for the good he has done and will keep him in His favor. Our faith is that Osaze will be resurrected in the Last Day and that we will meet again, to live in a new Paradise on earth where death will be no more.

From an egbon to an aburo, you did well. Your people are proud of you.

Bayo Marinho Always on the front foot March 6, 2012


Every thought of I have of Oz has one abiding thread , he was always on the front foot . Taking the initiative  , and pushing foward .
From our  five a side battles aginst "Real Hackney" at Spitalfields markets in the days he was  a dodgy one footed winger , through taking on the markets in the early trading days at HSBC  , " Ibadan " records  , and countless initiatives that seemed to always started  with that glint in the eye , that smile , and a  question ..." well , why cant we.....!" 

He never left the room without an echo .. something left for you to think about , to puzzle over , to link to new possibilities .

And he hasnt done so now..

Go well my brother .. we will be feeling that echo in our hearts  forever .  
Ifeoluwa We Miss You March 6, 2012
We miss you. It has been really gloomy here. The shuffle when you walk in, the fear and energy you bring into the room ... all wondering who has done something wrong again.. Your voice " Guys, Guys, Guys!!!! Do you think we are here to play.... This is no joke. We all need to buy into this vision. Our benchmark is not any Nigerian Bank, we are going international"....Hmmm. We look at the spot you park your car and think you are still in Abuja. We all seem to be waiting for you to be back. Everyone is silent and confused....hoping it is all a dream. The reality sets in when we walk past your office and we dont see Osaze walking out. One thing you can be sure of is Your Vision for FBN Capital goes on. I'm glad I had the opportunity to meet you and more proud that I can call you my Boss....... RIP Osaze

Segun Osuntokun A good man March 5, 2012

It is unbelievable that it was a week ago that I was speaking with Os about his plans to breathe life into the power sector reforms in Nigeria.  Os said he was
tired of attending seminars and talking shops, where well-laid but theoretical plans were discussed to the nth degree but then nothing done.  His idea was to get the principal players into a room and, in essence, thrash through all the issues and not let anyone out until at least one deal was signed up!  It was just typical Os: creative, focused and driven.  I was waiting to hear back from him about the date for the brainstorming session when, instead, I received two days later the news which I am still struggling to assimilate.  How could one so vibrant and full of life, simply cease?  The answer of course is that he does not: each memory and remembrance gives him life, in a different form.


My memories are of ISI days, when Os was clearly one of those "brainy guys", and of the City, where Os was a founding member of the "Bar Bourse Band of Brothers", along with Kayode, Shony, Sonny, Tunde Aiyegbusi, Farooq, Daffyd and many others.  There, we would on most Friday nights, set the world (and Nigeria) to rights.  Of course it was Os who first decided that he had had enough talk: he went back to Nigeria and DID (and then some!). 

Ibukun, you and the children are in my thoughts and prayers in these difficult and dark days.  I pray that in the fullness of time, God will cause His face to shine upon you all, be gracious unto you and give you peace of mind.

Segun Osuntokun

Chinedu Okpareke I have lost a strong Ally March 5, 2012
Osaze,

Our first meeting taught me a great lesson. My hearing about your loss taught me an even greater lesson. The first lesson is following your heart and following your own dreams, no matter what. The second one is staying in touch with your friends and associates, no matter what.

When you hired me into Ocean & Oil Holdings, you demonstrated your belief in me and gave me all the executive cover I needed to excel. You were always making difficult things look easy and set me off to a hugely successful career in the group. I owe 95% of what I am today to you and the opportunity you gave to me.

That is why I am very saddened to hear about your passing on to glory over one year since we last talked. That you will be greatly missed is an under statement. That I will cherish your memory until my own time comes is guaranteed. Rest In Peace, my good boss...Chinedu Okpareke

 
Total Memories: 38
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