TRIBUTE
OLABODE AGUSTO 1955 – 2023:
The passing of Mr. Mubasheer Olabode Agusto, affectionately known as Bode Agusto, on October 19, 2023, signifies a profound loss for Nigeria and all of us privileged to have shared close professional ties with him. A true gentleman and an exceptional professional, Bode significantly influenced the careers of numerous bank executives and corporate leaders. His mentorship was invaluable, providing guidance and insight that shaped our professional paths.
My association with Bode Agusto traces back to my formative years in the 1991 batch at the Guaranty Trust Bank training school, where Bode, in his capacity as a partner at PriceWaterHouseCoopers (PwC), played a pivotal role in shaping our professional trajectories. His insights and expertise from that period were foundational for many, including myself.
Upon my appointment as the inaugural Managing Director of Polaris Bank, Bode’s unwavering support became evident. With a keen interest in the bank’s success, he generously provided invaluable financial counsel on a pro bono basis. His comprehensive expertise across various sectors, combined with his ability to navigate intricate financial landscapes, were instrumental during my tenure.
As a Senator of the Federal Republic of Nigeria, my interactions with Bode Agusto revealed his deep commitment to national progress. He consistently provided professional insights into government operations and developmental economics. He played a pivotal role in shaping policies and macro-economic strategies that underpinned President Bola Ahmed Tinubu’s administration. His dedication always leaned towards Nigeria’s betterment, putting collective progress over personal recognition.
Born on September 14, 1955, Bode Agusto’s academic and professional achievements were nothing short of remarkable. His academic journey took him from the University of Lagos to esteemed institutions like the University of Pennsylvania and the Massachusetts Institute of Technology. But beyond his academic accomplishments, Bode’s legacy lay in his mentorship. He was ever-eager to share his wealth of knowledge, fostering a culture of continuous learning and upholding the highest standards of professionalism.
His visionary spirit led him to establish Agusto & Co in 1992, Nigeria’s premier credit rating agency, after illustrious stints at PwC and Citibank Nigeria. He further served the nation under President Olusegun Obasanjo’s administration, revolutionising fiscal management, achieving balanced budgets annually, and securing significant debt relief for Nigeria.
Beyond his professional accolades, Bode was renowned for his philanthropy, using his stature to benefit others. His commitment to societal upliftment underscored his belief in the responsibilities that accompany success.
Bode Agusto will be remembered as a distinguished accountant, economist, and financial strategist whose contributions have set industry benchmarks. As we reflect on his impactful life, we recognise him as a beacon of excellence in accounting, finance, banking, and economic management, whose influence resonated well beyond Nigeria’s borders.
In our sorrow, we also celebrate a life dedicated to service — to both God and humanity. Bode Agusto’s memory will forever inspire all who had the privilege of knowing him.
May his lasting contributions in accounting, finance, banking, and economic management continue to illuminate future generations.
Farewell, dear Egbon—Mubasheer Olabode Agusto.
Senator Mukhail Adetokunbo Abiru, FCA,
Chairman, Senate Committee On Banking, Insurance, And Other Financial Institutions Federal Republic of Nigeria.
