820 Views

“Be Like Sim”: Jason Njoku’s Inspiring Tribute to Ex-Konga Boss Sim Shagaya

Doing business in an unpredictable economy like Nigeria can be a daunting task and experts from around the world seem to agree on this.

In the last few months, online shopping mall faced a lot of challenges  Konga’s founder and CEO Sim Shagaya resigned January 2016, after being appointed by its investors, as the new chairman by the Board of Directors.

Sim Shagaya (L) and Jason Njoku

Shagaya founded the company in 2012 with a capital from Swedish investment firm Kinnevik. Shagaya is also the executive chairman of DealDey, a daily deal website, and had served in the Nigerian military, as well as worked as a banker in South Africa.

In 2013, he was named as Entrepreneur of the Year at the CNBC/All Africa Business Leaders Award in West Africa. In 2014, he was named in Forbes’ list of “10 Most Powerful Men In Africa”.

Konga was founded to to “aggregate the youngest and fastest-growing market that was dispersed, under-served and that traditional retailers were simply failing to reach,” Shagaya had said.

Some days ago, it was announced that Konga had been bought by Leo Stan Ekeh, the chairman of Zinox Group, and it sent shock waves across the Nigerian and African tech/eCommerce ecosystem.

Jason Njoku, the founder of iROKOtv and friend of Shagaya’s has written an inspiring tribute to the business mogul.

“One day, Sim will share the true happenings of what really went down at Konga. I know more than most, but it’s not my story to share,” Jason Njoku wrote on Medium.

Njoku recounted how Shagaya and former Chief Operating Officer of Konga Shola Adekoya who later took over as CEO from Shagaya, “were always on hand to help out and give a young buck (Njoku) brutal and yet honest advice.”

Nigeria Inc is shrouded in smoke, mirrors, mud and masculinity. Sim and Shola always opened up. From day zero. Before Konga. Before the tens of millions both of us went on to raise. Sim was looking to build beyond himself. He was always about the wider community,” Njoku wrote.

ALSO READ  Zinox Group Acquires Konga

He also shared a mail he received from Shagaya in March 2012, where the latter was sharing a fund sourcing opportunity with him. Njoku said that was “the start of Kinnevik’s investing relationship with IROKO and my friendship with Sim.”

Njoku wrote:

Thereafter, at least for me, and I am sure many others, Sim and Konga represented the shining light of what community, collaboration and a ‘New New Nigeria’ could be. All my investors used to point to Sim as what a great leader should be. ‘Build a world class executive team Jason’, see what Sim is doing? ‘Partnerships in Nigeria, Jason’, see what Sim is doing. ‘WTH Jason why aren’t you focusing on Nigeria like Sim?’.

Njoku says the Nigerian market “which turns dreams to ashes daily, just wouldn’t yield” even after Shagaya and Adekoya gave it their best. “There was overspending on everything because that’s what they felt they needed to do to ‘win this market’. There was no sense of impropriety,” he wrote, saying that Shagaya had 95% of his material wealth tied up in Konga and him and Adekoya “‘went down’ with their ship”.

“The market is pushing back any effort of rationalisation. It may be untameable,” he adds.

Njoku hailed Shagaya for his passion about a “New New Nigeria” and making a difference in the lives of people around him.

“Sim is heartbroken, I am sure…. I have no doubt he will go on to greater successes,” Njoku wrote, concluding “As for me? I am glad he gave me his thoughts when I stole his time with my small problems…. And I will continue to ‘be like Sim’.”

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Posts

Why Are Most Nigerians Not Using The Face Unlock Feature Of Their Smartphones?
Technology
7 views
Technology
7 views

Why Are Most Nigerians Not Using The Face Unlock Feature Of Their Smartphones?

MT - June 20, 2018

Face unlock now seem to be the latest trend in the smartphone world as more and more smartphones now come equipped with facial recognition security, offering up…

The Right Footwear For The Right Season
Buzz & Trends
14 views
Buzz & Trends
14 views

The Right Footwear For The Right Season

PH - June 20, 2018

It becomes hard to choose the right shoes during the raining season, therefore many find a solution to these by wearing their desired shoe and still having…

How Much It Cost Me To Build LITV – Linda Ikeji Speaks On Newly Launched TV, Future Plans
Best of Nigeria
25 views
Best of Nigeria
25 views

How Much It Cost Me To Build LITV – Linda Ikeji Speaks On Newly Launched TV, Future Plans

MT - June 20, 2018

While speaking in an exclusive interview published by Pulse Nigeria Business Insider, Nigeria’s most famous and richest blogger, Linda Ifeoma Ikeji, who recently launched an online television,…

Check Out the Biggest SUV Ever, the Russian-Made 8 Wheels Shaman All-Terrain Vehicle (Photos)
Technology
24 views
Technology
24 views

Check Out the Biggest SUV Ever, the Russian-Made 8 Wheels Shaman All-Terrain Vehicle (Photos)

MT - June 20, 2018

Russia’s harsh environments like the snow ,swamps , steep terrains and deep waters are some of the factors that influenced this huge beast. The 8-wheel drive Avtoros…

5 Things We Learned from the World Cup So Far
Sports
21 views
Sports
21 views

5 Things We Learned from the World Cup So Far

MT - June 20, 2018

These are 5 interesting take-aways from the 2018 World Cup in Russia which is gathering momentum: 1 A World Cup Of Penalties  One of the major things…

Prof. Chukwuka Okonjo Praised By Buhari As He Clocks 90
Politics
19 views
Politics
19 views

Prof. Chukwuka Okonjo Praised By Buhari As He Clocks 90

PH - June 20, 2018

Prof Chukwuka Okonjo was praised for the educational and leadership qualities he possesses by our dear president Gen. Muhammadu Buhari. The famous mathematician and economist, Prof Chukwuka…

See The 10 Nigerians To Be Honoured  By JCI For 2018 Edition
Technology
32 views
Technology
32 views

See The 10 Nigerians To Be Honoured By JCI For 2018 Edition

PH - June 20, 2018

At the 2018 annual edition of 'JCI Ten Outstanding Young Persons Of Nigeria Awards', ten Nigerians will be honoured for different accomplishments. This information was disclosed by…

Trending Music ‘EGE’ Video Released, With Unlimited LA
Buzz & Trends
26 views
Buzz & Trends
26 views

Trending Music ‘EGE’ Video Released, With Unlimited LA

PH - June 20, 2018

Ojo Daniel Olaborode, a music singer, more popularly known as Dannys has just released the music video of his trending song titled 'Ege' The video, was shot…

10 Music Students Given Scholarship By Ebenezer Obey
Entertainment
32 views
Entertainment
32 views

10 Music Students Given Scholarship By Ebenezer Obey

PH - June 20, 2018

10 music school students were given scholarship by the music legend, Evangelist Ebenezer Obey-Fabiyi at the maiden edition of the Ebenezer Obey Music Foundation (EOMF), scholarship awards…

UBEC Chairman states prerequisite For Achieving Quality Education
Education
31 views
Education
31 views

UBEC Chairman states prerequisite For Achieving Quality Education

PH - June 20, 2018

UBEC board chairman declares that, 'quality basic education cannot be achieved without proper planning'. Mahmood Abubakar, the chairman of Governing Board of the Universal Basic Education Commission…

Why Buhari Ignored nPDP – Presidency
Politics
30 views
Politics
30 views

Why Buhari Ignored nPDP – Presidency

PH - June 20, 2018

The decision by President Muhammadu Buhari not to meet with the aggrieved members of New Peoples Democratic Party, nPDP, who joined forces with All Progressives Congress, APC,…

Ooni of Ile Ife, Bestowed Highest Honour in Brazil
Art, History and Culture
42 views
Art, History and Culture
42 views

Ooni of Ile Ife, Bestowed Highest Honour in Brazil

PH - June 20, 2018

Oba Adeyeye Enitan Ogunwusi, Ooni of Ife, honoured at the Ile Ase Isegun, San Jose, Brazil by the Iyanifa Ifadaara Authorities of San Jose, State of Minas…

See The Number Of Children Born With Sickle Cells Annually
Food and Health
34 views
Food and Health
34 views

See The Number Of Children Born With Sickle Cells Annually

PH - June 20, 2018

Consultant Hematologist with the Ahmadu Bello University Teaching Hospital (ABUTH), Professor Aliyu Babadoko declared on Tuesday that the annual number of children born with sickle cell were…

See 13 Politicians Sent To Jail During Buhari’s Tenure
Politics
24 views
Politics
24 views

See 13 Politicians Sent To Jail During Buhari’s Tenure

PH - June 20, 2018

President Gen. Muhammadu Buhari, after being sworn him made it his goal to achieve three things: securing lives and properties of Nigerians, reviving the economy and battling…

5 Things We Learned From The World Cup So Far
Sports
23 views
Sports
23 views

5 Things We Learned From The World Cup So Far

PH - June 20, 2018

These are 5 interesting take-aways from the 2018 World Cup in Russia which is gathering momentum: 1. A World Cup Of Penalties One of the major things…

Reining The Act Of Indecent Dressing in Nigeria
Art, History and Culture
34 views
Art, History and Culture
34 views

Reining The Act Of Indecent Dressing in Nigeria

PH - June 20, 2018

A voice against indecent dressing is to be raised, to maintain the culture and tradition of this land. The rate at which Nigerian youths, particularly female teenagers,…

Nigerian Rapper, Vector, Calls Out SARS In New Release
Entertainment
61 views
Entertainment
61 views

Nigerian Rapper, Vector, Calls Out SARS In New Release

PH - June 19, 2018

The continuous outcry by youngsters over the domineering intrusion and at times unreserved brutality of members of the Special Anti-robbery Squad (SARS) against the youths has apparently…

Meaningful Hairstyles Among Yoruba Women In Those Days
Art, History and Culture
65 views
Art, History and Culture
65 views

Meaningful Hairstyles Among Yoruba Women In Those Days

PH - June 19, 2018

In Yorubaland, in those days, women did not just plait their way to make them beautiful only. But some hairstyles were a means of identifying specific kinds…

Loading...