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After Losing APC Primary, Bayo Adelabu Allegedly Demands Return Of Car Gift….

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When Bayo Adelabu resigned from the Central Bank of Nigeria as the Deputy Governor in charge of Operations in 2018 to pursue his governorship ambition in Oyo State, little did he know that almost eight years later the dream would elude him. Most of his supporters had touted him to be the most likely successor to the then governor of the state, late Abiola Ajimobi, of the All Progressives Congress (APC) in the 2019 general election. Unfortunately, he was trounced at the polls by Seyi Makinde of the Peoples Democratic Party (PDP), despite the APC going into alliances with other political parties just to ensure the decimation of the PDP in the state.
Adelabu decided to try his luck again ahead of the 2023 general election, but was again trounced at the primary which saw three-time member of the Senate, Teslim Folarin, clinching the governorship ticket of the party.
There are allegations from Adelabu’s camp that the primary was marred with irregularities and names of delegates allegedly substituted. Disappointed and angry, Adelabu, in a letter addressed to the leadership of the APC, described the primary as ‘daylight robbery’ and vowed to seek legal redress. Also some of his loyalists have allegedly demanded the return of a brand new SUV given to a top-ranking APC chieftain who allegedly made a promise to support, make a good case for their candidate and get the backing of the APC presidential flag bearer, Asiwaju Bola Tinubu, in exchange for the car gift. The party chieftain had failed to fulfill his promises and Adelabu has since dumped the APC for good. One of the grand children of Oyo political godfather, late Adegoke Adelabu, otherwise known as Penkelemesi, the younger Adelabu made his mark in the financial sector, rising to the position of Executive Director/Chief Financial Officer (CFO) of First Bank of Nigeria Plc. (FBN) prior to his ascension to the CBN.

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Ex-Skye Bank chairman Tunde Ayeni speaks on paternity scandal with former lover, Adaobi Alagwu.

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Former chairman of the board of directors of the defunct Skye Bank (now Polaris Bank) Tunde Ayeni has debunked a report that he reunited with his ex-lover Adaobi Alagwu.

Ms Alagwu, 30, a female lawyer based in Abuja, was said to be Ayeni’s daughter’s classmate when their relationship began.

The lawyer, it was gathered, wants him to admit he is the father of the baby girl she has and take responsibility for her.

Ayeni, however, admitted in a statement released by his media office that his affair with Alagwu set his family backwards and that he would not like to revisit his romance with her.

He said, “Ordinarily, the recent series of media reports linking my name with a lady, Adaobi Alagwu, should not deserve a response from me since the section of the media that is feasting on the issue seems to be uninterested in fact-finding, but mere sensationalism.

“But, given the possibility of even some discerning readers placing some value on the story, this short clarification and disclaimer become necessary.

“I wish to state that, indeed, Ms. Adaobi Alagwu and I had a relationship, which has since ended and, as well-meaning Nigerians can imagine, it was a mistake that has caused my family much pain which I regret and do not wish to continue reliving as a section of the media continues to make me do.”

On the paternity of Alagwu’s child, the businessman explained that the issue “is being resolved and will be resolved in due course but whichever way it is resolved, will never mean a rekindling of the ended relationship between myself and Ms. Alagwu.”

Last year, the Economic and Financial Crimes Commission (EFCC) pulled back the N25.4 billion fraud case it filed against Ayeni and Skye Bank’s former managing director, Timothy Oguntayo.

The commission’s move followed an out-of-court settlement which the duo struck with the agency involving the forfeiture of about N15 billion in cash and assets.

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Tony ELUMELU Celebrates 60th Birthday with Symposium

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The Group Chairman, United Bank for Africa (UBA) Plc, Tony Onyemachi Elumelu, CFR, clocked 60 years on Wednesday March 23, 2023 and in commemoration of this event, a symposium was held in his honour at the Tony Elumelu Amphitheatre in UBA House.

The symposium tagged ’60 for 60’ was attended by 60 young beneficiaries of the Tony Elumelu Foundation Entrepreneurship Programme, friends and colleagues.

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Seplat Sues Retired Founder Orjiako For Fraudulent Use Of Company’s Letterhead

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Seplat Energy Plc has cut ties with founder, A.B.C. Orjiako and Amaze Limited for transacting on behalf of the company without the approval of the board after retirement.

The energy company said it has also commenced legal action against its retired founder and Amaze Ltd.

The company made the disclosure in a filing seen by THE WHISTLER on Thursday and signed by Mr. Basil Omiyi, Independent Chairman, on behalf of the entire Board of Seplat Energy PLC.

The company said, “Seplat Energy Plc (Seplat Energy or the Company) announces the termination with immediate effect of the Consultancy Agreement between the Company’s wholly-owned subsidiary and its co-founder, Dr. A.B.C Orjiako, acting through Amaze Limited.

“Under the Consultancy Agreement, Dr. Orjiako was obliged to provide defined assistance with certain external stakeholder engagements following his retirement from the Board after the 2022 Annual General Meeting in May 2022.”

Orjiako first resgined in November 2021, eight days after Zenith Bank Plc received an order from a Federal High Court sitting in Lagos blocking Seplat from transacting with its embattled founder, Orjiako.

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