Former presidential aide, Reno Omokri, has said churches are the only businesses in Nigeria that survive after their founders die.

In a post on Facebook, Omokri cited instances where businesses owned by learned businessmen collapsed after they passed away.

He gave examples of church businesses still flourishing even after the death of their founders.

He wrote, "One sad fact about Nigeria, which we must change, is that churches are about the only businesses that survive after the founder dies. Businesses founded by Nigerians hardly survive after the founder dies. If you doubt me, name three.

"The businesses which have survived for generations in Nigeria were founded by Europeans, including UAC, First Bank, Unilever, etc.

"As learned as Chief MKO Abiola was and as educated as his children are, what happened to Concord Newspapers, Abiola Bakeries, Abiola Bookshop, etc, after his death?

"Summit Oil is now enmeshed in infighting and unable to function as it ought to.

"The only notable exception to the rule is the businesses founded by Isyaku Rabiu, which have been sustained and vastly expanded by his son, Abdul Samad Rabiu.

"Nigerian businesspeople must consider this deeply, because success without a successor is failure.

"Learn from the Redeemed Christian Church of God, which was founded in 1952 and still endures today and has spread everywhere on Earth.

"The Redeemed Christian Church of God achieved that feat not by prayer alone but by having a succession plan in place.
In this photo, you can see the reason for that feat. Pa Josiah Akindayomi extended the right hand of fellowship to his interpreter,

"Pastor Enoch Adeboye, and left nobody in doubt that he (Pa Akindayomi) was Elijah and Adeboye was his Elisha.
That is good corporate governance.

"Sadly, if the founders of many successful Nigerian businesses die, the enterprise will catch fire.

"Have a successor. A heir apparent. Someone that you are grooming and who you informed that they will succeed you.

"And do not just tell them. Tell your staff and the entire company. Please put it in writing. In fact, start transferring power to them while you are still in charge by delegating some responsibilities to them so that there will be an undisturbed transfer of authority from you to them when the right time approaches.

"If you cannot do this because you have multiple children by various wives and cannot bring yourself to appoint one as your successor, then take the business public and let the shareholders decide the succession after your death.

"And yet again, if all these options are detestable to you, then sell the business when you reach retirement age.
Failure to do so can be catastrophic to your business and your employees.

"Let your business not end with you, or you will be in the business of failure at the end, no matter how successful your business appears today."

ASA