Moniepoint boss Tosin Eniolorunda says open truth and honest feedback between leaders and workers are vital for business growth.
Tosin Eniolorunda, the founder and Chief Executive Officer of African financial technology giant Moniepoint Group, shared an important business lesson about work culture on his official LinkedIn page.
Speaking directly to business owners, company bosses, and employees, the tech leader explained why speaking the truth openly, a practice he calls “candor”, is essential for running a healthy and successful company.
Eniolorunda revealed that as companies grow larger, workers often become afraid to tell their bosses the truth, which can destroy a business if left unchecked.
The main reason for Eniolorunda’s message stems from his personal experience building Moniepoint from a small startup into a massive financial platform serving millions of customers.
He explained that as a company expands, a wide gap naturally develops between top bosses in their offices and front-line staff who do the daily work.
When workers feel uncomfortable speaking up, bad news gets hidden, bad decisions go unchallenged, and top leaders only hear fake good news.
Warning against the dangers of staff staying silent when things go wrong, Eniolorunda noted that “candor has become one of my mantras” because he has seen the damage caused “when people stop saying what they really think.”
He stressed that keeping quiet allows trouble to grow behind closed doors, stating, “In such cases, problems take longer to surface, decisions go unchallenged, and leaders begin hearing only the version of reality people think they want to hear. That is a dangerous place for any company to be.”
To fix this problem, Eniolorunda urged leaders to listen to tough feedback without getting angry or defensive. He pointed out that information gets filtered as it travels up the company ladder, warning that “by the time something reaches you, the edges may already have been softened.”
Because of this, he prefers hearing painful facts early rather than discovering massive failures later. Explaining his mindset, Eniolorunda stated, “I would rather have an uncomfortable conversation early than discover much later that everyone saw a problem but no one felt comfortable raising it.”
However, the tech CEO emphasized that bosses cannot simply demand honesty from their workers without being completely honest in return.
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Leaders must explain difficult choices respectfully and create a safe environment where staff members do not fear punishment for disagreeing.
Reminding employers that respect is a two way street, Eniolorunda declared, “Candor has to go both ways,” adding that “if I want people to tell me the truth, I have to make it safe for them to do so. And if I expect honesty from the people around me, they should be able to expect it from me too.”
In simple terms, the boss of Moniepoint is telling every leader that true progress happens when workers and managers speak the truth to each other without fear.
By encouraging open talk and accepting honest criticism early, companies can fix mistakes quickly and build real trust across the entire workforce.
