24/08/2026
Prof. Pat Utomi Pat Utomi opens his MBA classes with a question. “Who were the richest families in Lagos in the 1940s and 50s?”
The class almost always answers correctly. Then he asks who still knows them today, and the room goes quiet 🤫
That silence is the subject of his session at Seed G3.
His framing is that a venture passes through three stages. “You vision it. You commercialise it. And then, if you are serious, you institutionalise it”: you take the standard operating procedures that exist only inside the founder’s head and write them down so that any competent person can execute them, and you build an ownership structure that survives the founder’s exit, retirement or death 🔑
Most Nigerian businesses stop at stage two. The founder is the strategy, the credit line, the quality control and the relationship. It works beautifully for one generation and then it stops working entirely.
At Seed G3 he moderates the session on the systems and strategy behind scale, alongside CEOs who have had to build themselves out of the centre of their own companies.
Seed G3 | 14-15 October 2026 | Landmark, Lagos