Music Business

In Case You Missed It: Attorney & Harvard MBA Grad Hakeem Bello Osagie Now Chocolate City Group Chairman

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In case you missed it folks, Hakeem Bello Osagie is now Chocolate City Group’s (CCG) Chairman. His credentials are impressive. Nevertheless, the question is what exactly  can he do/deliver to make CCG a more unique and standout brand, especially since he lacks the requisite music industry experience/background, given the release below? Although nothing below shows an experience in the music industry, he appears to have success in other industries that he can easily transfer to CCG to help truly  expand and grow the brand. His addition appears to also be an added asset, as a possible mentor, to the younger men running the CCG brand.

I expect even more diversification in the company’s portfolio and won’t be surprised if a solid partnership on the international front, with a partner of equal footing, emerges. Finally, on the publicity front, I hope these gentlemen manage the CCG brand image a lot better than they have of late. Specifically, I speak of Ice Prince allegedly impregnating a young 20year old college student and the really bad PR that generated. Ice Prince, it appears, is yet to conduct a paternity test evidencing whether he is indeed the father of the newborn. Fellas, can y’all rein all of that mess in? Press release below folks:

CHOCOLATE CITY GROUP RESTRUCTURES, ANNOUNCES HAKEEM BELLO OSAGIE AS GROUP CHAIRMAN

Leading entertainment company Chocolate City Group (CCG) recently reconstituted its board naming renowned entrepreneur Mr Hakeem Bello Osagie as its chairman. Other board members include Yahaya Maikori, Paul Okeugo and Audu Maikori.

Hakeem holds an M.B.A. from the Harvard Business School, a law degree from Cambridge University and an M.A. in Politics, Philosophy and Economics from Oxford University. He is a member of the Nigerian Bar. He started his career as a petroleum economist and a lawyer. For over three decades, he has been a key player in the Nigerian economy through his participation in several businesses in the private sector particularly in the energy, finance and telecommunications sectors.

He until recently served as the Chairman of the board of directors of the United Bank for Africa Plc. one of the largest commercial banks in Nigeria. He is also the founder and former Chairman of First Securities Discount House, Nigeria’s leading money markets and treasury bill trading financial services firm, in which the IFC is an equity investor.

Currently he sits as Chairman of Emerging Markets Telecommunications Services Ltd (‘EMTS’), a mobile telephone operator that operates in Nigeria under the ‘Etisalat’ brand as well the Abuja Investment Company.

Chocolate City Group CEO Audu Maikori said: “As Chocolate City enters this new phase of global expansion and rolls out next generation services for its artists, clients and media partners we are very pleased to welcome Mr. Hakeem Osagie an entrepreneur par excellence who shares our passion and vision of creating a world class entertainment brand. He will bring to Chocolate City years of vast international experience, relationships and a uniquely successful track record in global business excellence plus invaluable guidance as we execute our objective of building the leading entertainment brand in Africa”.

The Chocolate City Group is comprised of three companies -Chocolate City Music (home to artistes like Jesse Jagz, Ice Prince, Brymo, Dj Caise and MI (who is also a Director of the subsidiary) amongst others-Chocolate City Media and Chocolate City Movies.

Chocolate City Group recently won the prestigious Africa Awards for Entrepreneurship 2011(www.africaawards.com), which held in Nairobi, Kenya in December 2011. CCG was selected from over 3,300 applications from 48 countries around Africa and became the first entertainment company to win the award since its inception in 2007.

The company has since 2005 continued to set standards in the entertainment industry around Africa, selling over 35 Million albums till date and winning a slew of local and international awards including the global award for Music business i.e. International Young Music Entrepreneur of the Year (IYMEY) by the British Council in 2007.

For further information visit www.chocolatecitygroup.com.

AML RESOURCES TO REFERENCE

1. How to Register Your Company in Nigeria

2. Nigeria’s Companies and Allied Matters Act Chapter 59, (Modified in 2004 to accommodate local yet global perspective on business transactions in Nigeria) – This statute (law) governs how a business should operate in Nigeria. Be sure to scope out the latest version of the statute. If you are interested in having a music company in the category of Storm 360, Chocolate City, EME Records etc. you should take a preliminary look at the aforementioned statute and also consult with your entertainment or business/corporate law attorney in Nigeria, to further discuss this legal business entities for your music business.

Have a great day folks.

-Uduak

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Africa Music Law™

AFRICA MUSIC LAW™ (AML) is a pioneering music business and entertainment law blog and podcast show by Fashion and Entertainment Lawyer Ms. Uduak Oduok empowering the African artist and Africa's rapidly evolving entertainment industry through brilliant music business and entertainment law commentary and analysis, industry news, and exclusive interviews.

Credited for several firsts in the fashion and entertainment industry, Ms. Uduak is also a Partner and Co-Founder of Ebitu Law Group, P.C. where she handles her law firm’s intellectual property law, media, business, fashion, and entertainment law practice areas. She has litigated a wide variety of cases in California courts and handled a variety of entertainment deals for clients in the USA, Africa, and Asia.

Her work and contributions to the creative industry have been recognized by numerous organizations including the National Bar Association, The American University School of Law and featured in prestigious legal publications in the USA including ABA Journal and The California Lawyer Magazine. She is also an Adjunct Professor at the prestigious Academy of Arts University in San Francisco.
For legal representation inquiries, please email (uduak@ebitulawgrp.com). For blog related inquiries i.e. advertising, licensing, or guest interview requests, please email (africamusiclaw@gmail.com). Thank you for visiting Africa Music Law™.

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