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EXCLUSIVE: ARM Pension MD, Wale Odutola in Land Grabbing Scandal!

Published

6 years ago

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Controversy is just like an alter ego for this seasoned Portfolio Manager with extensive experience in research, and popular businessman, Wale Odutola. Today, the wealthy entrepreneur, who calls the shot at ARM Pensions, is again in the news for yet another wrong reason.
According to information available to SOCIETY REPORTERS, few months back a number of people and the men of the police stormed his Lekki Phase 1 house, protesting against what they called illegal acquisition of their land by Wale Odutola.
One of the protesters, who spoke to Society Reporters in disguise, accused the ARM PENSION MD of allegedly using his status and power to forcefully seize their land and already started erecting an edifice on it.
The drama, according to a reliable source all happened on 8th April, 2018 when residents started observing massive crowd in protest at the entrance of Wale Odutola’s Lekki premises, chanting and shouting different names which best described him as a fraudulent corporate player, alleging that this is not the first time such is happening.
According to the source, he has been summoned by the inspector general of police, and already answered to some questioning around same April 2018, when he had to travel to Abuja.
Another reliable source also hinted us that Wale Odutola’s late father, Chief Odutola was also allegedly involved in the same kind of mess and was severally alleged to be involved in the same land grabbing mess before his death.
“Wale Odutola is a hero of fraudulent corporate player, a trait he was alleged to have gotten from his late father which made people tag him as a true son of his father” the source spurts.
Adding that, “People gathered at his house, one of the choicest part of Lekki phase 1 on 8th April 2018 shouting and calling him to come out, before he later sneaked out to attend to interrogations with the police”. The source told Society Reporters while giving us the pictures taken from the scene.
Efforts to reach Wale Odutola to hear his side of the story all proved abortive as his MTN number we have wasn’t going through.
We will keep you informed as soon as we lay our hands on more details of his other dealings.
Wale Odutola is currently the Managing Director of ARM Pension Managers (PFA) Limited. Prior to this appointment he had served as the Managing Director of ARM Securities, ARM Properties Plc., as well as ARM Hospitality and Retail Fund where he was responsible for significant improvements in the businesses operating performance.

Wale has a B.Sc. Accounting degree from the University of Lagos and is an Alumnus of the Harvard Business School with over 18 years experience in the financial sector.

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News and Report

Zenith Bank Assures Customers on Seamless Transactions, Apologizes for Disruptions During Infrastructure Upgrade

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1 hour ago

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October 3, 2024

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Nigeria’s leading financial institution, Zenith Bank, has reassured its customers of improved services following recent infrastructure upgrades.

 

In a message posted on Thursday, the bank apologised for the service disruptions experienced across its e-channels during the upgrade period.

 

The bank clarified that the glitches were a result of routine information and technology maintenance, which is essential for optimizing service delivery.

 

Zenith Bank emphasized its commitment to ensuring 100% uptime, stating that it takes this responsibility “very personally” and continuously allocates resources to maintain uninterrupted service availability.

 

In the statement, the bank expressed its sincere apologies for any inconvenience caused to customers during the upgrade process, highlighting that the information technology enhancements are designed to improve the quality of service for its esteemed clientele.

 

The message reads in part:

 

Dear Valued Customer,

 

We sincerely apologise for the service disruptions you experienced recently on our banking channels. This was due to an information Technology upgrade aimed at improving the quality of service we provide.

 

We have made significant progress with the upgrade and you can now perform transactions conveniently with the following Zenith bank Channels:

 

Your Zenith Bank Debit Card

The Zenith Bank Mobile App

The Zenith bank Internet Banking Platform

Zenith Agents nationwide (Agent Banking)

 

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News and Report

Just In: Tinubu Set To Embark on  Two-weeks Annual Leave.

Published

21 hours ago

on

October 2, 2024

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President Bola Ahmed Tinubu has announced a two-week annual leave

 

According to Bayo Onanuga Special Adviser to the President (Information & Strategy) President Bola Tinubu will depart Abuja today for the United Kingdom to begin a two-week vacation, part of his yearly leave.

 

He will use the two weeks as a working vacation and a retreat to reflect on his administration’s economic reforms.

 

He will return to the country after the leave expires.

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Alleged Corruption : El-Rufai denies allegations, vow to swear on Quran….

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1 day ago

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October 2, 2024

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A former Governor of Kaduna State, Nasir El-Rufai, has asserted that his entry into politics was driven solely by a desire to serve the people, not to amass wealth or siphon public funds.

 

El-Rufai made this declaration on Tuesday during a Hausa program aired on Freedom Radio, Kaduna.

 

Speaking candidly, the former governor dismissed allegations of financial misconduct during his administration, maintaining that he was already financially content before assuming office.

 

The Kaduna State House of Assembly had earlier indicted El-Rufai’s administration for the misappropriation of over N423 billion during his eight-year tenure.

 

 

However, El-Rufai and his associates have categorically denied the accusations, labeling them as politically motivated.

 

“I did not join politics to steal money or enrich myself. I was satisfied with what I had before becoming governor,” El-Rufai stated, adding that he is ready to swear on the Quran to prove his innocence if other former governors and current leaders do the same.

 

 

“I have always prayed for guidance in all I do, and I strive not to betray the trust of the people. Whenever the former governors of Kaduna State and other leaders are ready to swear with the Quran that they never misappropriated public funds, I will join them. I have no fear because I know I never took money that belonged to the people,” he said.

 

 

The former governor expressed dismay over the allegations, saying his administration has been accused without any clear evidence of where the money went missing or who took it.

 

He further claimed that his allies were being targeted and invited by the Independent Corrupt Practices Commission and the Economic and Financial Crimes Commission as part of a smear campaign against him.

 

“I have left everything to God’s judgment. I have prayed and will remain silent on the issue. I have instructed my lawyers to take legal action against those tarnishing my name, but for now, I’m focused on my activities like reading and writing,” he said.

 

 

El-Rufai emphasised that service to the people continues even after leaving office, stating, “You don’t need to hold a position in government to serve. We are still working with like-minded individuals who genuinely want to serve the people, not those seeking to enrich themselves.”

 

Looking ahead, El-Rufai revealed that he intends to return to politics in 2027 after completing his studies, remarking, “There is no retirement in politics. God willing, we will return and continue serving the people.”

 

 

 

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