# NNPC ex-director launches book on family business failures

> Wosilat Adebayo's book reveals why Nigerian family businesses collapse after founders die.
- Title: NNPC ex-director launches book on family business failures
- Summary: Wosilat Adebayo's book reveals why Nigerian family businesses collapse after founders die. NNPC ex-director Wosilat Adebayo's book explains why Nigerian…
- Keywords: wosilat adebayo, nnpc, icann, family businesses, entrepreneurship, business failure, succession planning, nigeria, Premium Times Nigeria
- Source: Premium Times Nigeria — https://premiumtimesng.com/news/922801-nnpc-ex-director-launches-book-on-failure-of-family-businesses.html
- Author: Abdulqudus Ogundapo
- Published: 2026-11-04T22:42:31+00:00
- Read time: 2 min
- Topics: wosilat adebayo, nnpc, icann, family businesses, entrepreneurship, business failure, succession planning, nigeria, news, politics
## Book launch event
Wosilat Adebayo, former NNPC internal audit director, launched book at Abuja event with NNPC directors and ICAN representatives.
## Book title and purpose
Book titled 'Igniting Entrepreneurship: Your Guide to Build a Successful Business' examines why family businesses fail after founders die.
## Author's background
Author draws on professional experience and upbringing, particularly practical intelligence from late parents Alhaji Tijani and Alhaja Hamdalat.
## Book structure
Book has 11 chapters covering business establishment, management, financial discipline and sustainability.
## First three chapters
Chapters one to three focus on assessing entrepreneur skills, market size and competitor analysis before starting a business.
## Chapters four to six
Chapters four to six examine financial discipline, cash flow management and cost minimisation in accessible language.
## Chapters seven to nine
Chapters seven to nine address business expansion, sustainability and succession planning for family businesses.
## ICAN president's view
ICAN president Queensley Seghosime says knowledge, discipline and integrity are essential for business survival in Nigeria.
## Nigeria's business failure pattern
Nigeria has family businesses that flourish under founders but collapse after founders die, often before third generation.
## Ekene Dili Chukwu Group example
Ekene Dili Chukwu Group, founded by Augustine Ilodibe, declined after his death in 2007 due to family disputes.
## Concord Group example
Concord Group, founded by Moshood Abiola, declined after his death in 1998 with newspaper ceasing publication.
## Henry Stephens Group example
Henry Stephens Group, founded by Henry Fajemirokun, declined after his death in 1:78.
## Key failure causes
Poor financial management, inadequate planning and failure to separate personal finances from business resources cause business collapse.
## Accountancy profession role
Chartered Accountants help entrepreneurs understand finances, manage risks and access funding for sustainable growth.
## Author's advice
Entrepreneurs need knowledge, discipline and integrity to build businesses that survive beyond founders.
## Key takeaway

NNPC ex-director Wosilat Adebayo's book explains why Nigerian family businesses fail to survive beyond founders.