General
Balami Covers Pleasures Magazine’s March/April 2020 Issue
The commercial aviation industry is a highly complex space, where a large number of entities are involved in the delivery of travel products and services, which is sometimes manifested in a single product from a customer perspective.
These actors are often collaborating and partnering to be able to co-deliver value and meet the expectation of customers.
According to International Air Transport Association (IATA) statistics, from the moment passengers search online for an air ticket to the time they arrive at their destination, the airline is just one of around 26 business partners involved in the aviation chain.
Would you board a plane if you know it had very poor maintenance record? Would you put your life in the hands of an airline that uses defective parts for its aircraft?
If you answered no to both questions, then you would appreciate the importance of other players involved, especially the aircraft maintenance industry.
Basically, the safety of air travel relies on the assurance of quality manufacturing of aviation equipment and its maintenance that ensure that complex and sensitive puzzles have to sit perfectly together for the success of each flight that takes place anywhere in the world.
Truth be told, aircraft maintenance, repair, overhaul and modification services have a long history of been seen as a ‘white man profession’ but there seems to be a paradigm shift in the profession with inspirational success stories from Africans who have great passion and love for all the aviation industry.
In fact, it is not out of place to state that with the new crop of top African aircraft talented aircraft engineers with excellent technical knowledge blazing a path forward, it’s been difficult for the industry not to sit up and take note of the shift.
Therefore, to deepen the importance of celebrating Great Success stories in Africa and also correct the wrong impression that whenever the continent is mentioned it is only a prism of war, corruption, disease, poverty, and hunger PLEASURES Magazine presents the theme of the March/April 2020 issue of your deluxe Pan-African Entrepreneurial and Luxury magazine: Paradigm Shift, a special edition to celebrate the success story of Isaac Balami, the founder and Chief Executive Officer of 7 Stars Global Hangar, the first-ever Aircraft Maintenance Repair and Overhauling Facility in the West African sub-region who has also excelled greatly as the President of the National Association of Aircraft Pilots and Engineers.
As earlier mentioned, once a White man’s turf, aircraft maintenance, which encompasses the performance of tasks required to ensure the continuing airworthiness of an aircraft or aircraft part, including overhaul, inspection, replacement, defect rectification, and the embodiment of modifications, compliance with airworthiness directives and repair.
Balami, who once worked as a painter and soak-away evacuator who is taking the world by storm is proving that this notion has been sent to the oblivion. But of course, it took some grit, guts and a lot of hard work along the way for Balami to get there.
In this exclusive interview with PLEASURES Magazine, the President, National Association of Aircraft Pilots and Engineers (NAAPE) who doubles as the Chief Executive Officer of 7 Stars Global Hangar, Engr Isaac David Balami, speaks with the Publisher, PLEASURES Magazine, Adedotun Babatunde, on his amazing journey from been a suya seller, painter and suck-away evacuator to one of the leading providers of aircraft maintenance, repair, overhaul and modification services in the world.
According to him, ‘’I come from an extremely humble Christian background in Borno state, a state in north-eastern Nigeria. My parents and grandparents were privileged to be Christians, my parents are also pastors. I grew up in a large family, my parents were not doing very well and found it hard to pay for the kind of school I wanted to go to.
“One thing I tell people is this, in life, you must know who you are! God did not bring anybody into this world for no reason, everybody has a reason why he or she is existing. My family named me Isaac because they believed I would bring laughter to the family, community and my generation.
“So, I remain focus though the future was still obscure then. At a very young age, I would do menial jobs like laundry, farming among others to augment the little money my parents had to go to school.
“But today, who would have thought that a mere labourer just 22 years ago could become the national president of the Association of Nigerian Pilots and Engineers? Who would have thought that an ordinary mai suya in the north some years ago could become the past spokesperson of Trade Union Congress of Nigeria? Who would have thought that a filthy and stenchy soak-away evacuator from the North-Eastern part of Nigeria could become the president of Arewa Youth Consultative Forum?
“Who would have thought that a man who could hardly afford a daily meal could cater for over 500 widows and sponsor nearly 500 children in school as a commitment from a foundation he owns? Who would have thought that a helpless man who faced a lot of challenges would be the founder of Nigeria Rebirth Project?” he asked rhetorically.
On what has helped him to become what he is today, Engr Balami averred that the Industry is for the bold and courageous.
He said: “What has helped me is my being bold. It takes a bold person to be able to take up the pressures in the Aviation Industry. It is not for weak people. Growing up you can imagine a young man, sleeping and waking up in the bush, encountering snakes and all sorts.
“Going through that wilderness, going through tough times, sponsoring myself, these are what have shaped me! Aviation is a global business but at the time you would hardly see Nigerians in the various fields in the Aviation industry.
“I was young and inexperienced but I had the drive, passion and commitment to excel and it was my desire for the airline owners to be able to train locals to take up the jobs the white people were doing, not that I was racist but because I believed they can do it.”
Against the threat of being sacked, he said he contest for election to be head of the airline and won by a landslide victory against the incumbent president who was his director at the time.
“I chose between losing my job and winning the election and I made them know that if I lost the election it would be on record that I chose to salvage my people working in this industry at the peril of losing my job.”
On the making of his yet to be launched airline, Engr Balami said “The airline will redefine the aviation industry, and change the entire narrative.
“The plan is if you fly economy class with us, you will be treated as a business class passenger. Currently, we’re bringing in some aircraft that have all been converted to business class. We will be having our VIP lounge therein; we are trying to give people that fly private jets an exquisite experience with us.
“With us, you’re assured of safety and comfort. With God by our side. It’s a one-stop-shop and we’re redefining the entire status quo.”
On what the future holds for 7 Star Global Hangar, Engr Balami averred that in the next three years, the company project to be at the New York Stock Exchange while in the next five years, it will not just be doing Aircraft maintenance but by God’s grace have assembled a team of aeronautical engineers, aircraft maintenance engineers to fly the first made in Nigeria aircraft.
“The Chinese now have made in China Aircrafts. While we are still a consuming nation? We can manufacture aircraft, if from nowhere, a boy from Borno, God can use me today to create jobs in the aviation sector, if as a nobody, God can take me to this height, what that means is that with the current team I have on the ground, with the expertise, the experience will be global exposure. We can salvage the Nigerian Aviation sector,” he said.
On giving back to society through NGO, he said the Isaac Balami foundation a Nigeria Initiative is empowering and uniting people.
According to him, “The night I prayed to God to give me a scholarship was the night I established the Isaac Balami foundation. The moment God gave me a job, I started funding the foundation. The Isaac Balami Foundation is aimed at empowering the less privileged and uniting people.
“We train people to acquire skills, we help the needy with fees among other humanitarian activities. Coming from Borno state, I was raised in the midst of Muslims, I was trained and empowered by Muslims and the Isaac Balami Foundation is working to ensure there is unity, national healing, peaceful coexistence, religious tolerance.
“Today, Nigeria is polarized, so much dichotomy, so much hatred and envy amongst us. When I saw that we are at that level, I had to go beyond the Isaac Balami Foundation for the My Nigeria Initiative to emerge. We wrote to the Presidency and today the First Lady is our National Grand Matron.
“We launched this foundation with several dignitaries and ambassadors from across Nigeria in attendance. We called together 200 youth organizations and held a programme to sign a peace accord after our brothers and sisters from the eastern part of the country were asked to leave the north. Since then, there has been a lot of stability and peace.”
Also featured, in your favourite PLEASURES Magazine is the President of Seychelles, H.E Danny Faure, who believes persistence is important in becoming a leader in your field. A seasoned and experienced politician, President Faure talks to PLEASURES Magazine about how his own experiences and his motivation to improve the lives of the Seychellois people, as well as those around the world. Also, an exclusive on Beech Holdings, owned by one of Manchester’s biggest developers Stephen Beech, PLEASURES Magazine caught up with him to talk about the growth of Manchester and what the future holds for Beech Holdings.
It is also a pleasant read with, Morin O’s Creative Director, Maureen Obaweya, who has been on the cutting edge of making quality leather goods in Africa for over two decades. A look at Century Plaza, a luxury living in the heart of Los Angeles and latest collections from African Luxury fashion brand by Adebayo Jones, the London based fashion Designer and style consultant who have long been associated with glamour, elegance, opulence and style. And as usual, the magazine is incomplete without your usual light stories and other human-interest narratives such as startup success stories of Kator Hule and Olubunmi Crown Gbadewole.
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Desmond Elliot Denies Withdrawing from Surulere 1 APC Primary Race
By Modupe Gbadeyanka
Nollywood star-turned politician, Mr Desmond Elliott, has said he did not withdraw from the primary election of the All Progressives Congress (APC) to elect a candidate for the Lagos State House of Assembly Surulere Constituency 1.
Earlier on Wednesday, the actor released a video where he said he was not participating in the exercise after he alleged intimidation of his supporters.
But moments later, after videos started emerging that his opponent, Ms Barakat Odunuga-Bakare, had clinched the party’s ticket for the proper election in 2027, Mr Elliot said he never stepped down.
In a statement shared on his social media platform, X, formerly Twitter, the movie star described reports of his purported withdrawal from the race as “misleading,” saying they were “deliberate misrepresentations” of his stance in the video.
“We wish to categorically state that Desmond Elliott did not withdraw or step down from the race,” a part of the statement signed by the Concerned Supporters and Stakeholders in Surulere Constituency 1 noted.
“For the avoidance of doubt, what Desmond Elliott communicated in the video posted on his official X (formerly Twitter) handle, @DesmondOElliot, was his deep concern over the deliberate exclusion and intimidation of his supporters, many of whom were denied access to the designated voting venues, particularly in Ward F2 and Ward F3.
“These unfortunate developments created an atmosphere of tension and raised legitimate fears of a possible breakdown of law and order. In light of these troubling circumstances, Desmond Elliott, acting responsibly and in the interest of peace, urged his agents and supporters to withdraw from the immediate voting environment to prevent escalation and to avoid any form of violence or chaos.
“His decision was one of statesmanship and restraint—not a concession, withdrawal, or surrender of his candidacy.
“It is therefore misleading and inaccurate for anyone to interpret or portray his remarks as stepping down from the race. Desmond Elliott remains committed to democratic principles, the rule of law, and the mandate freely given to him by the overwhelming majority of his supporters across Surulere Constituency 1.
“We call on party members, stakeholders, and the general public to disregard false narratives and remain focused on the need for transparency, fairness, and justice in the electoral process.
“At this critical moment, it is imperative that the integrity of the primary election process be upheld and that every legitimate supporter and delegate is allowed to participate freely, without intimidation or obstruction,” the disclosure stated.
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PenCom, NLC to Intensify Efforts Against Pension Defaulters from June 1
By Adedapo Adesanya
The National Pension Commission (PenCom) and the Nigeria Labour Congress (NLC) Lagos Council will begin enforcement against pension defaulters under the Contributory Pension Scheme from June 1.
The NLC Lagos Council Chairperson, Mrs Funmi Sesi, disclosed this after an interactive session organised by PenCom in Lagos on Tuesday.
The session focused on the workings of the Contributory Pension Scheme (CPS) and sensitised labour leaders on pension compliance obligations under the Pension Reform Act.
Mrs Sesi condemned the continued failure of some government agencies and private employers to remit deducted pension contributions to Pension Fund Administrators.
“It is unacceptable that in spite of monthly deductions from workers’ salaries, some employers deliberately fail to remit the funds,” she said.
She warned that the practice endangered workers’ future and undermined their economic security after retirement.
“The non-remittance of pension contributions constitutes a gross violation of labour laws and abuse of workers’ trust,” Sesi stated.
She described a pension as a fundamental workers’ right, stressing that employees deserved to retire with dignity after years of productive service.
According to her, NLC and PenCom had received growing complaints from affected workers across public and private establishments in Lagos.
Mrs Sesi said the complaints prompted immediate monitoring and enforcement efforts in collaboration with PenCom and other relevant stakeholders.
She warned that the Congress would mobilise affiliate unions against employers refusing to comply with pension remittance obligations.
“If we need to purchase locks and keys just to ensure compliance and enforcement, we will apply that.
“We are the voice for the voiceless, the power for workers and the last hope of workers and pensioners,” Sesi said.
She further warned that defaulting employers risked public exposure and possible legal action for violating pension regulations.
Mrs Sesi urged employers to comply fully with pension laws to promote industrial harmony, social justice and national development.
On his part, PenCom Director-General, Ms Omolola Oloworaran, said the Contributory Pension Scheme guaranteed financial security for workers after retirement.
Ms Oloworaran, represented by Mr Ahmed Lawan, Head of Compliance and Enforcement Department, said retirees previously suffered severe hardship and delayed pension payments.
She noted that the CPS had improved pension administration but accused some employers of frustrating the scheme through non-remittance of deductions.
Ms Oloworaran warned ministries, departments, agencies, parastatals and private firms against denying workers their pension rights.
She stressed that retirement should not become painful after years of dedicated public and private service.
“Deducting workers’ pension contributions without remitting them is a criminal offence under the pension law,” she warned.
The PenCom chief encouraged affected workers to report defaulting organisations to the NLC for investigation and enforcement.
She assured workers that the identities of whistleblowers would remain protected where necessary during enforcement operations.
The official announced that PenCom and NLC would begin joint monitoring and enforcement exercises across Lagos from June.
“We will go after organisations involved in non-remittance of workers’ pension deductions in Lagos State,” she said.
She urged workers to cooperate by providing useful information to strengthen compliance efforts and protect employees’ retirement savings.
The NLC inaugurated a committee of task force commanders from affiliate unions to support enforcement operations statewide.
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PayPal Enables PayPal USD in Africa, Asia, Others
By Aduragbemi Omiyale
After its launch in the United States in 2023, PayPal USD (PYUSD) is now available in 70 markets worldwide, including in Africa, Asia-Pacific, Europe, Latin America, the Middle East, and North America. providing stable purchasing power and enabling lower-cost global commerce for users.
In a statement on Wednesday, PayPal said this dollar-backed stablecoin enables users to send funds globally, with faster settlement and lower cost than traditional payment methods.
Users in newly supported markets can buy, hold, send, and receive PYUSD directly from their PayPal account. Additionally, eligible users can earn rewards on their PYUSD holdings, transfer funds to friends and family, whether on PayPal or to third-party digital wallets, and convert PYUSD to local currency when withdrawing funds for everyday spending.
Businesses that accept PYUSD can use proceeds in minutes rather than days or weeks, improving liquidity and reducing reliance on traditional settlement cycles. Faster access to funds can help businesses manage working capital, support cross-border operations, and participate in global commerce.
As global commerce becomes increasingly digital, individuals and businesses are looking for faster and more seamless ways to transact across borders. Stablecoins like PYUSD help power an inclusive, fast, lower-cost, global commerce system.
“Consumers and businesses around the world are looking for faster, more seamless ways to transact globally, and the current system still charges too much, takes too long, and settles on timelines that were designed for a different era,” the Senior Vice President and General Manager of Crypto for PayPal, May Zabaneh, stated.
“We are working to change that. Enabling PYUSD in users’ accounts across 70 markets gives people faster access to their funds, lower-cost ways to send money across borders, and a more direct path to participating in the global economy, and that is what drives commerce forward for everyone,” Zabaneh added.
Also commenting, the Senior Vice President and General Manager of the Middle East and Africa at PayPal, Otto Williams, said, “Bringing PYUSD to Africa is about delivering tangible value to the people and businesses driving growth in these dynamic markets.
“Consumers gain a flexible, stable way to move funds faster, while businesses can streamline cross-border payments, improve settlement times, and unlock new growth opportunities. By increasing access to a regulated, USD-backed digital currency, we’re breaking down barriers and helping reduce friction in global commerce across the region.”
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