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BISI ONASANYA: FROM BANKING TO ‘LUXURY LIVING’ WITH THE ADDRESS HOME LIMITED.

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Don’t get us wrong here, this not an article focused on the personal living style of this former financial services juggernaut as ‘luxury living’ above may have quickly suggested to the mind. It is not us just ‘waxing lyrical’ just for the sake of it, about the former MD/CEO of Nigeria’s first and probably biggest bank FirstBank Plc living a life of luxury which he is expected in the first place to be doing. But using that particular ‘figure of speech’ was just our way to point strategically at what the quiet, soft-spoken gentleman is majorly into now, which is ‘luxury real estate and property development’. And when we say real estate here, we are talking about the very upscale type for that matter, super luxury apartments with all the works, hence what we meant by ‘luxury living’.

Most often for those who have lived some sort of regimented existence especially in a corporate setting for that matter, they often somehow find it quite difficult to adjust to retirement and doing other ventures (their private businesses) away from what they had been so used to for so many years. But that doesn’t seem to have been the case for this quiet gentleman par excellence. The man with the soft mien by the name ‘Bisi Onasanya’ doesn’t look like he has had such a problem adjusting at all. As soon as he left the confines of Firstbank when he retired a few years back in 2015 to be a bit more precise, where he had risen to the pinnacle of his career success after spending a score and one at the place, he went headlong into his own business by setting up-The Address Home Limited where he is the Chairman/CEO and from all indications, it has been a forward movement (a sort of joyride) with great momentum or great thrust ever since, with him smiling home to the bank always from his investments from what we hear.

That small acorn that began not too long ago, but that has been well nurtured over the years is what has grown so well now to become a well-rooted, very fruitful oak tree that is becoming the envy of all now. Address Home Limited is one of the fastest-growing real estate/property development brands in Lagos. Their property portfolio in just only a few years of existence is staggering, to say the least. With Impressive locations like ‘Banana Island, Ikoyi’ known for having the most expensive real estate in Nigeria and for being the abode of the super well to do, Bank Road Ikoyi near the former or old Federal Secretariat -one of the property that was supposedly acquired (???) By a very popular female celebrity known to be a social media sensation, Alexander Road Ikoyi, Taiwo Olowu, Lekki Phase 1, Ikate Elegushi, Femi Okunnu, and Harold Shodipo Street, GRA, Ikeja all in Lagos. We are talking about properties that have values of between N100m to N380m and maybe more. So no doubt at all, the man has done very well for himself and he is not yet ready to rest on his oars too.

Come August 18, 2021, the now-retired financial expert, who is a chartered accountant by training would be clocking the great 60 and he doesn’t look his age at all, with many thinking he is someone in his early 50s instead. He was born in 1961 in Ibadan, but he is an Ijebu man from Ogun state of Nigeria. He had his primary education at St. Anglican Primary School then off to Eko Boys High School in Mushin, Lagos for his secondary level, he then proceeded to Lagos State College of Science & Technology from where he got his HND in Accountancy upper credit. The brilliant young man became a chartered accountant at the young age of 22 in 1982, He began his banking career at Wema Bank where he was for 9 years and he rose to the position of Head of Accounts. Then he left for ‘First Pension Custodian’, a then subsidiary of the FirstBank Group, where he was their MD/CEO for 3 years and where he performed outstandingly admirably. From First Pension Custodian, he then returned to FirstBank where he rose through the ranks in charge of many positions and then later became the GMD/CEO. A position he held for 7 years from 2009 till 2015, before he retired on December 31st of 2015. He had spent all, 21 ‘meritorious years’ at FirstBank. From then he went headlong into his own private concern, which has grown in leaps and bound now to what it is- The Address Home Ltd. His own personal home in Banana Island is an outrageous statement in class, so that should give one the idea of the kind of edifices/homes that his company will build to sell then.

He has been married now for 34 years going 35 years since October 25, 1986, to a gorgeous and very hard working woman by the name ‘Helen Omowunmi Onasanya’ who he met while they both were in school and they are blessed with many kids (a beautiful lady and 3 handsome guys) all doing very well in their chosen vocations. In fact, his 2nd son is getting married to his heartthrob come February of 2021 most likely in Abeokuta, Ogun State. They had a classy introduction at the tail end of last year- December 2020 in Abeokuta, Ogun State.

 

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Society

Despite his “expulsion”, ADC presidential candidate, Kachikwu, makes INEC list

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Mr Kachikwu was expelled from the party last Friday by the Ralph Nwosu-led NWC.

The embattled presidential candidate of the African Democratic Congress (ADC), Dumebi Kachikwu, has been named among candidates validly nominated by political parties for the 2023 presidential election despite his “expulsion” from the party.

Mr Kachikwu was among the 18 presidential candidates approved by the Independent National Electoral Commission (INEC) on Tuesday.

The Ralph Nwosu-led National Working Committee (NWC) of the party announced the expulsion of Mr Kachikwu from the party last Friday for alleged anti-party activities.

He was expelled along with seven other key party leaders following the recommendation of a seven-member disciplinary committee earlier set up by the ADC NWC. The NWC had earlier on 2 September placed the presidential candidate on suspension.

Mr Nwosu, in a statement issued late Friday, said the disciplinary committee found Mr Kachikwu guilty of allegations of gross misconduct, and gross violations of its constitution, among others.

But in its reaction the following day, the interim leadership of the ADC dismissed Mr Kachikwu’s purported expulsion.

The interim National Chairman of the Party, Patricia Akwashiki, in a statement, described the action of the erstwhile chairman, Mr Nwosu, as the antics of a sinking man clutching at straws.

The crisis rocking the ADC has its genesis in the call for the resignation of the national chairman by 27 state chairmen of the party, having spent 17 years in the office.

At the time of filing this report, we could not confirm if the party’s leadership had made formal or legal requests to the commission to remove the candidate from the list.

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Stella Obasanjo’s brother, John Abebe, arraigned for fraud

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Dr. John Abebe, the younger brother of a former First Lady, Stella Obasanjo, was on Monday arraigned by the Economic and Financial Crimes Commission on Monday before the Lagos State Special Offences Court in Ikeja over allegations of fraud.

Abebe was arraigned alongside a former Head of Firstbank Plc, United Kingdom Correspondent Office, Kamoru Alade Oladimeji, before Justice Olubunmi Abike-Fadipe on six charges of conspiracy, stealing, and obtaining money under pretence.

Part of the counts against the defendants read: “That you, Dr. John Abebe and Kamoru Alade Oladimeji, on or about the 4th day of June 2013 in Lagos within the jurisdiction of this Honourable Court conspired amongst yourselves to commit felony to wit; stealing the sum of N120 million worth of property of Arsenal Technologies Limited.”

“That you, Dr. John Abebe and Kamoru Alade Oladimeji, on or about the 4th day of June 2013, in Lagos within the jurisdiction of this Honourable Court conspired amongst yourselves to commit felony to wit; obtaining by false pretence the sum of N120 million property of Arsenal Technologies Limited under the pretence that your property lying being and situate at 9, Magbon Close, Ikoyi-Lagos State, which you pledged as the security to the Arsenal Technologies Limited was unencumbered, which representation you knew to be false.”

“That you Dr. John Abebe and Inducon Nigeria Limited, on or about the 4th day of June 2013, in Lagos within the jurisdiction of this Honourable Court, with intent to defraud and to gain for yourself the sum of $1,000,000.00 or its Naira equivalent from Arsenal Technologies Limited by false pretence to procure the execution of valuable security to wit; a deed of assignment between Inducon Nigeria Limited and Arsenal Technologies Limited, wherein you falsely claimed that the property lying being and situate at No. 9, Magbon Close, Ikoyi-Lagos was unencumbered and that you have full powers to assign and transfer the said property to the assignor; Arsenal Technologies Limited.

According to EFCC, the offences committed are contrary to Sections 280(1), (12), 8 (7), 285(1) and 278(1)(b) of the Criminal Laws of Lagos State, 2011.

The defendants, however, pleaded not guilty to the charge.

Following their plea, the prosecutor, Sulaimon urged the court to fix a trial date and to remand the defendants in the custody of the Nigerian Correctional Services until the hearing and determination of the charge.

However, the defense counsel, Anthony Popo and Sam Etaifo urged the court to grant their clients bail in the most liberal terms.

While moving the bail application on behalf of Abebe, Popo told the judge that the matter before her is a commercial transaction between the first defendant and the nominal complainant, which he is ready to settle out of court.

He also claimed that Abebe had paid back the sums of $100,000 and N30 million to the complainant and had also deposited the title document of 26 acres of land and the documents of a property in London to show his seriousness to resolve the matter.

The lawyer further submitted that the defendant would not jump bail since he never violated the terms of the administrative bail granted to him by the EFCC.

The prosecutor did not oppose the application but urged the court to impose stringent terms that will ensure the defendant’s appearance in court for their trial.

In her ruling, Justice Abike-Fadipe granted the first defendant bail in the sum of N20 million with one surety in like sum.

She directed that the surety must be a resident of Lagos and must deposit the title document of a land property whose value must not be less than N20m

The judge also admitted the second defendant to bail in the sum of N10m with one surety in like sum, who must be a resident of the state.

Justice Abike-Fadipe further ordered that the defendant shall continue to enjoy the administrative bail earlier granted to them by the EFCC but if they failed after seven days to perfect the terms of the bail she granted them, they shall be arrested and remanded in prison.

She adjourned the case to December 6 for commencement of trial.

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HIGHGARDEN CELEBRATES WORLD CLEANUP DAY

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The Eleko Beach stretching over 5km was cleaned on the 17th of September 2022 by Volunteers from HighGarden Private Beach Club to celebrate the world Cleanup day.

World Cleanup Day is an annual global social action program aimed at combating the global solid waste problem, including the problem of marine debris. It is coordinated by the global organization Let’s Do It! World.

 

According to the MD of Highgarden Mr Wale Ewedemi “Environmental cleanliness and awareness is key to our values as a lifestyle brand, so we use the world Cleanup day to indoctrinate our customers and friends into one of our core lifestyle values”

 

The event that started at 9am rounded up about noon. Plastics and debri Collected were separated and marked for pickup.

 

The HighGarden Private Beach Club in Eleko boast of the first Glamping site in Nigeria.

@highgardenprivatebeach

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