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EXPOSED: Oluwalogbon’s Son, Muyiwa Bakare’s Marriage To Medplus Boss, Joke Crashes…..

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****** Sources Maintain Joke has moved out…

****** Details of their irreconcilable differences

+ How banks confiscated his choice properties and assets

Eventually, the marriage between Muyiwa Bakare, the son of billionaire auto magnate, Chief S. O Bakare, founder of Oluwalogbon Motors, and his wife, Joke, which had been tottering on the precipice for some years, has gurgled and burped to a halt.

Joke, an accomplished Pharmacist and founder of Medplus Pharmacy, has moved out of the family’s stately home due to what is alleged to be irreconcilable differences.

Sources close to the couple said things had gone south between them for some time but they had strived to maintain a facade of happiness. In fact, last year, Muyiwa went all out to celebrate her 50th birthday in late 2017, which was grand and very well attended.

Guests included former Senate President Bukola Saraki and his wife, Toyin; the immediate past Minister of Power, Works and Housing, Babatunde Fashola and wife; billionaires Aliko Dangote and Femi Otedola among others.

The private old school disco party held at the Eko Pearl Towers, Victoria Island, Lagos and it had afro-pop star, Wizkid, and Juju music maestro, King Sunny Ade, serenading the couple and their well-heeled guests. For Muyiwa, the birthday party went beyond just celebrating his wife; it was a platform and opportunity to prove wrong naysayers who thought he was down and out.

Alas, the gaudy bash also came with its own consequences as banks that he was indebted to went after him. Some of his choice assets and property in exclusive neighborhoods across Lagos were confiscated. The very connected Muyiwa who counts Saraki as one of his closest friends, ran helter-skelter reaching out to friends in politics and business but not much came out of it.

Meanwhile, the specter of running aground his billionaire father’s Metropolitan Bank still haunts him. Muyiwa assumed office as Managing Director/Chief Executive of the bank with effect from March 2001. However, the Central Bank of Nigeria refused to confirm his nomination explicitly stating that he did not meet conditions set in the CBN guidelines on the appointment of top management teams of banks.

But he was eventually confirmed after the intervention of former President Olusegun Obasanjo, his father’s bosom friend.

Under Muyiwa, the bank’s operation was riddled with illegalities, contravention of rules and regulations for which it was sanctioned and mandated to regularise its actions. Some were rectified but a number persisted throughout the existence of the bank.

For example, recommendations pertaining to non-performing loans were not implemented and the loans persisted as non-performing throughout. In 2006, the CBN revoked the license of Metropolitan Bank for its failure to meet the minimum capital requirement for banks operating in Nigeria set at N25billion.

 

Society

Meet Kazeem ‘Kasnoi’ Kuku, An Emerging Force in Real Estate Business in Nigeria

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The real estate business in Nigeria has just received a boost with the emergence of Kasnoi Luxury Homes, positioned to change the face of property business most especially in Lagos, the business hub of Nigeria.

Owned by the young, shrewd businessman in his 30s, Kazeem Kuku, alumni of the famous Ijebu Ode Grammar School and Philosophy graduate of the Olabisi Onabanjo University, Ago-Iwoye, Kasnoi Luxury Homes was launched over 10 years back with branches in major cities of the country.

Kasnoi, as Kazeem is fondly addressed within the business circle, is a business player who knows his onions, very focused and determined, making him one of the emerging forces in the real estate sector in Nigeria.

Kasnoi Luxury Homes is into mega construction of all sorts of buildings, though it deals mainly in the construction of detached and semi-detached structures.

The construction firm recently won the attention of residents of Lekki with the successful construction of 15 blocks of tastefully furnished detached and semi-detached houses at the Lekki Lake Golf Resort, including others at Ogunfayo Lakowe, a stone throw from Amen Estate in Eti-Osa local government area of Lagos State.

Kazeem Kuku, a passionate young entrepreneur with many years of experience, is a strategist who has spent the better part of his career in business development, innovations, and strategy.

Born of the famous Kuku dynasty in Ijebu land, Ogun State, Kazeem, we learned, is planning to expand his business tentacles in Lagos State.

Though, a socialite and strong member of the budding social age-group otherwise known as Regberegbe in Ijebuland, Kasnoi cherishes a quiet lifestyle.

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Society

Untold Story Of How Customs Comptroller General’s New Marriage Is In Trouble

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…As Wife’s Ex-Boyfriend Demands N9Million

Controversy seems to be trailing the marriage between the Comptroller General of Customs, Col. Hammed Ali rtd and his beautiful wife, Zainab Abdullahi as her former boyfriend, Zubairu Dalhatu Malamai is demanding the sum of N9,081,207,45 being money spent on her while their relationship lasted.

A letter was written by Zubairu’s lawyer, Sir I, I Wangida of Buba Partner and titled ‘Letter of Demand of Our Client’s Monies Giving As Loans, Investments and Other Materials Collected By You During Your Deceit, Mischievous Breach of Trust Relationship’ dated 22nd May 2020, states that Zainab had a three- year relationship with Zubairu during which he spent the said money, hoping it would culminate into marriage

Zubairu & Zainab

We gathered that prior to Zainab’s marriage to the Customs boss, Zubairu had tried to pacify her to have a rethink about dumping him but this culminated into a quarrel and Zainab allegedly said she would refund all that was spent on her

‘Be that as it may, we have our client’s brief, that you have decided to pick another man for yourself as husband and while our client congratulate you in your new home, we have our client instruction to also disclose his displeasure over your reaction few days before your new marriage by taking an unnecessary fight with him thereby insulting him and calling him all kinds of names and your claims that he calculates all you have collected from him as loans, investment and trips ticket, so you can pay him as you are no longer interested in the affairs’

Zubairu further demanded the sum of N9,081,207,45 and listed how the money was expended on flight tickets to South Africa, Dubai, the United States of America, and United Kingdom.

The letter states ‘the sum of N9,081,207,45 only being the sum spent on travels tickets for KSA on the 20th of March to 5th April 2018, UAE on 17th Feb to 27th Feb 2019, etc’

‘N1.5million loan for your investment, N200, 000 only paid for you on behalf of Dan Sanyawa, N450,00 for clothing business in the US, N280,000 for sho rent at Hanefa Plaza, Court Road, N350,000 given to your father, N350,000 house rent refund, N350,000 for your China trip, N500,000 you collected for your car purchase, N250,000 for chinchy investment, N1,763,000.00 for LEFE clothes and some other items’

To authenticate the source of the letter, we spoke to Zubairu’s lawyer, Sir I, I Wangida’s lawyer on phone, he confirmed writing the letter and added that the matter will soon be charged to court.

we also contacted Joseph Attah, Public Relations Officer of the Nigeria Customs Services, who said Hajia Zainab ‘s lawyer would reply to the letter sent by her former boyfriend.

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PDP Will Bounce Back In Edo, Says Imasuangbon

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Governorship aspirant of the Peoples Democratic Party, Barr. Kenneth Imasuangbon, has boasted that he would lead the party to bounce back to governance in Edo State.

Imasuangbon, popularly known as ‘Rice Man’ said he knew the strategy to defeat whomever the ruling All Progressives Congress project as its candidate.

Speaking after submitting his nomination form, Imasuangbon thanked Edo youths, traders and artisans for mobilising N10m for the purchase of the form.

Imasuangbon said he would not forget their sacrifices after electoral victory.

He also tasked leaders of the PDP to ensure the party primaries are free and fair.

His words, “Today signifies the beginning of the march towards taking over Osadebey avenue in Edo State. I assure you that the days of the APC are numbered in Edo.

“The PDP is winning the election and that can only be done if I win the primaries. There is nothing to worry about that. Edo people know me and what I can do.

“My appeal is for the PDP leadership to be fair and firm. We will not allow past experiences to reoccur. What I demand is a free and fair primaries”.

We are here on behalf of the Rice Man to submit his nomination form purchased for him by the artisan, market women and the common men in Edo state who trust in his ability to govern the state well with genuine development and move the state out of poverty”

This is a journey we have been on since the last fifteen years and I see this as the best opportunity for us to rescue the state from the misrule of the APC that have failed the people and I believe strongly that with the people by my side and the grace of God, we shall succeed.

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