Farooq Oreagba: Overcoming Stereotypes and Embracing Culture
Farooq Oreagba, the Managing Director and Chief Executive Officer-designate of NG Clearing Limited, recently garnered attention for his appearance and ‘steeze’ at the Ojude Oba festival in Ijebu-Ode, Ogun State. In an exclusive interview, he opens up about his career achievements, battle with cancer, and the importance of embracing one’s roots.
Breaking Barriers in the Financial Sector
Farooq Oreagba’s biggest achievement as the Managing Director of NG Clearing Limited lies in developing an ecosystem for trading derivatives and creating awareness about the opportunities they offer. His innovative approach at the Nigerian Stock Exchange, where he played a significant role in introducing new products like Real Estate Investment Trusts and Exchange Traded Funds, has deepened the market considerably.
Additionally, Oreagba’s creation of five sectoral indices, including the NGX30, which now has derivatives contracts listed on it, has made a lasting impact on the financial landscape. His involvement in the Presidential Bond Market Steering Committee laid the foundation for the bond market in Nigeria, a crucial source of government borrowings. As a member of the African Securities Exchanges Association, Oreagba has been at the forefront of capital market developments in Nigeria, even speaking at the World Economic Forum.
Overcoming Adversity: A Battle with Cancer
Despite his professional success, Oreagba faced a personal challenge when diagnosed with cancer. He candidly shares that he was scared and cried almost daily, questioning why he had to endure such suffering. However, his love for his children and the determination not to let his mother bury her only son fueled his fight against the illness. Oreagba’s resilience in the face of adversity serves as an inspiration to many, highlighting the importance of perseverance and family support during tough times.
Cultural Identity and Traditional Values
Participating in the Ojude Oba festival for years, Oreagba emphasizes the significance of embracing one’s cultural heritage and roots. He urges educated and successful individuals not to overlook traditional activities, as they form an integral part of one’s identity. While acknowledging that not all cultural events may align with personal beliefs, Oreagba asserts that one’s origins should never be considered demeaning. By actively engaging in cultural celebrations, he sets an example of honoring heritage while making strides in the corporate world.
Oreagba’s recent appointment as a cultural ambassador by the National Council for Arts and Culture reflects his commitment to promoting cultural awareness among the youth. Though he maintains a busy schedule, Oreagba expresses willingness to support initiatives that foster a cultural renaissance, drawing on his experiences at the Ojude Oba festival as a platform for community engagement.
Challenging Stereotypes and Redefining Success
In a society where appearances can influence perceptions, Oreagba addresses the stigma associated with tattoos in the corporate world. Despite facing misconceptions and being labeled as unserious, he remains focused on his achievements and contributions to the financial sector. Oreagba’s firm belief in judging individuals based on their accomplishments rather than outward appearances underscores the importance of valuing diversity and inclusion in professional settings.
Driven by a spirit of adventure and a desire for authenticity, Oreagba shares his unconventional decision to relocate to an island off the coast of Lagos, seeking peace and solitude. His unique approach to life reflects a commitment to personal fulfillment and happiness, rather than conforming to societal norms. By staying true to himself and embracing individuality, Oreagba encourages others to pursue their passions and lead fulfilling lives.
Life Lessons and Personal Growth
Reflecting on his upbringing marked by resilience and gratitude, Oreagba credits his childhood experiences for shaping his character and values. Raised by a single mother who prioritized education and self-sufficiency, Oreagba learned the importance of discipline and modesty. These foundational lessons have guided him through challenges and successes, instilling a sense of humility and appreciation for life’s blessings.
Offering advice to young people seeking success and fulfillment, Oreagba emphasizes the importance of prioritizing happiness and well-being in one’s career. He underscores the value of passion and purpose in professional pursuits, highlighting the shift towards a more flexible and fulfilling work environment. By sharing his personal journey of overcoming obstacles and embracing opportunities, Oreagba inspires others to pursue their dreams with resilience and authenticity.
In conclusion, Farooq Oreagba’s story embodies resilience, cultural pride, and a commitment to personal growth. Through his achievements in the financial sector, battle with cancer, and advocacy for cultural awareness, Oreagba exemplifies the power of perseverance and authenticity in navigating life’s challenges. As a trailblazer in his field and a cultural ambassador, Oreagba’s journey serves as a testament to the transformative impact of embracing one’s identity and pursuing passion in all aspects of life.
