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EXPOSED: The Debauchery Lifestyle Of Popular Monarch Son, Yomi Akinruntan! + How he was relieved from all His Fathers Investment



The Holy Scriptures says “Train up your child in the way he should go, even when he grows old he will not depart from it”. The wasteful lifestyle of Yomi Akinruntan, the first sons of the Olugbo of Ugboland in Ondo and chairman of Obat Oil, Oba Obateru Akinruntan shows that he was not trained in the way of the Lord, or rather he deviated from it.he lacks parental training

Oba Obateru Akinruntan, Yomi Father

Information filtering has it that, Yomi’s wasteful lifestyle made his father to sack him as the Director of Operations in OBAT petroleum, and gave him huge sum of money to float a business of his choice. In collaboration with his younger brother, Yomi opened a night club, D’Ark located at Elegushi private beach. It was gathered that the business was short lived, as Yomi and Co virtually consumed all liquor on their shelves.
Sources revealed that Yomi, who is now a ‘turn in the flesh’ to his father was equally sacked due to misappropriation as the MD of Febson Hotel and suites in Abuja, one of the many hotels own by his father. After been relieved of all duties from his father businesses, it was gathered that Yomi was left with no option than to allow his wife; Lamide become the breadwinner of the house. Lamide who had never work in a paid employment organization, went job hunting before she secures a place with Cakes ‘N’ Cream in Lagos.
As life becomes unbearable, Yomi relocated to Akure to save himself of shame and sort solace in politics to atleast gets his father’s attention again, Yomi decided to contest for House of Representatives. Those in the known revealed that immediately his ambition got to the ears of opponents, it was uncovered that Yomi never studied Law in Ogun State University as claimed but falsified certificate.

The falsified certificate issue made him to shift gear quietly and settle for House of Assembly, Ilaje constituency 1, Ondo State. Those privy to reliable information claimed his father is never in support of his political ambition but prefer him to turn new leave and live a better life.

We will update you with more information as soon as we lay our hands on them.

Source: Society Reel News

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News and Report

Controversial Sterling Bank caught in the act! CBN sanctions, parades officials for hoarding new naira notes [VIDEO]




Officials of the Central Bank of Nigeria (CBN) have discovered N6 million of the new naira notes hoarded in Sterling Bank Plc, Ado Ekiti branch on Bank Road, Ado Ekiti in Ekiti State, having received the funds for over two weeks, THE WITNESS reports.


In a trending video on social media, seen by THE WITNESS, a man who identified himself as Oluwole Owoeye, a deputy director of CBN, while monitoring the distribution of the new naira notes in the state, was seen questioning the bank officials as to why they have not uploaded the funds into their Automated Teller Machines, (ATMs), despite having six of the machines in place.


The CBN director also announced a fine of N1 million for each day the fund was in the bank’s custody.


The CBN official said, “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. They have N6 million, which they collected from the bank for almost two weeks, they have not disbursed any. They said they are yet to configure their ATMs, I do not know why that and I have brought attention to the penalty clause of N1 million per day, because they have five ATMs here, they have no reason for keeping this money.


“The zonal service manager, Tunde Onipede promised that by 10:00am latest tomorrow (Monday), because I told him by latest 10:00 am I’ll be here and I want to see the machine dispensing this money.


“What is the name again? Olumide Owolabi (Service Manager, Ado) & Motunrayo Babayele. My name is Oluwole Owoeye and I am a deputy director of CBN.”



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FCMB Manager Arrested For Hoarding New Naira Notes



A manager of the First City Monument Bank (FCMB) branch in Osogbo, Osun State capital, has been arrested for allegedly preventing Automated Teller Machines (ATMs) loaded with cash from dispensing money to customers.

The spokesperson of the Independent Corrupt Practices and other related offenses Commission (ICPC), Azuka Ogugua, in a statement on Friday said the cash bundles were loaded into the ATMs while still wrapped, and as such, could not be dispensed through the machines

“The ICPC Compliance Team in Osogbo has busted an FCMB in Osogbo, Osun State, where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed.

“The Team, therefore, directed that the wrappers be removed, and the cash loaded properly’.

Similarly, seven Point of Sale (POS) operators as well as a security guard were arrested during the ongoing exercise in Osun State for charging exorbitant commissions for cash.

Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

The arrested persons are helping the Commission with information to assist investigations and bust any syndicates involved in the hoarding or sales of the redesigned notes.


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New naira: ICPC arrests Stanbic IBTC Bank manager over sabotage



The Independent Corrupt Practices and other related offences Commission (ICPC), has arrested an official of Stanbic IBTC Bank in Abuja for alleged sabotage.

The ICPC spokesperson, Azuka Ogugua, said the development was in continuation of ICPC’s clampdown on elements frustrating efforts in making the redesigned Naira notes available to members of the public.

The bank official, who is the branch service head of Stanbic IBTC Bank, Deidei Branch in Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATMs) even when the cash was available and people were queuing at the ATM points.

The statement reads: “When the ICPC monitoring team stormed the bank at about 1:30pm on Friday to ensure compliance, and demanded explanation as to why all the ATMs were not dispensing cash, the team was informed by the branch’s head of operations that the bank just got delivery of the cash.

“However, facts available to the ICPC operatives indicated that the branch took delivery of the cash earlier around 11:58am and either willfully or maliciously refused to feed the ATMs with the cash.

“Against this backdrop, the ICPC team compelled the bank to load the ATMs with the redesigned Naira notes and ensured that they were all dispensing before arresting the culprit.

“The ICPC said investigations were still ongoing and the Commission will take appropriate actions as soon they are concluded.

“Similarly, seven Point of Sale (PoS) operators as well as a security guard were arrested during an ongoing exercise in Osun State for charging exorbitant commissions for cash.

“Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

“The arrested persons were helping the anti-graft commission with information to assist investigations and bust other syndicates involved in the hoarding and sales of the redesigned Naira notes,” the anti-graft agency said.


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