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War Looms in Popular Mornach, Oba Obateru Akinruntan’s Household… As Sons fight dirty over company (Obat Petrolium) Control……

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The Apapa, Lagos office/depot of Obat Petroleum is gradually becoming a war front judging from recent events where the two sons of powerful monarch, Oba Obateru Akinruntan, Femi and Yomi are at each other’s throat over the control of the oil company.
The genesis of the crisis was traced to an enormous fraud that rocked the company some months ago.
The extravagant Managing Director of Obat Petroleum, Femi who is the second son of the Chairman was said to have diverted some of the company’s fund into a private business, a development that led to the sack and arrest of the company’s accountant and some workers who were believed to be loyal to Femi.
Femi who feared the consequence of his action was said to have fled the country and took refuge in America only to return after he was guaranteed that his father had been pacified by some friends and family members who pleaded on his behalf.
A source close to the family revealed that the father who wanted to punish Femi for his misdeed appointed his first son, Abayomi who was initially the company’s Director of Operation before he was relieved to head the company in Femi’s absence.
It was further gathered that Femi’s re-appearance changed the equation as he resumed into office and demanded to be returned to his position as the Managing Director.
The first blood was drawn some weeks ago when a memo was sent and the company’s secretary addressed Yomi as the company’s Managing Director.
Femi was said to have flown into a rage and confronted his brother who tried to calm him down.
The matter was said to have been reported to their father who ordered the secretary the Secretary’s suspension.
A close friend of the brothers revealed to us that Femi is an ingrate, he stated that Yomi is the first born and he was the one that asked Femi to relocate from America to help him with the control of Obat Petroleum.
He furthermore disclosed that Femi’s interests always clash with that of Yomi, he was quoted to have claimed that ‘Febson mall in Abuja was taken from Yomi and given to Femi’s boys, in the area of politics, even the kingship Femi has an ambition but Yomi was only playing cool because he sees him as a misled brother who will later understand’.
The feud between the brothers was said to have been kept secret with a warning from their father who promised to resolve the matter.
Yomi was said to have fallen out of their father’s favour for his financial recklessness with their father not knowing Yomi was better than Femi in spending not until the latest financial mess Femi plunged the company into.
The brothers were said to have been inseparable not until some friends came between them, an individual, Sebastian was fingered among the people watering the seed of discord among the brothers.
Yomi who always play the big brother role was said to have doused the tension some weeks ago when he dedicated his facebook page to Femi’s birthday with the message ‘Happy birthday to a wonderful brother…’.
The crisis is said to have been managed internally with their father plotting how to separate the roles and control of the company among his two sons.

Society Reporters will dig deep into the family and update you with the latst as soon as we lay our hands on them.

 

Additional info by: City Info.

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FCTA uncovers illegal oil refining warehouse in Abuja

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In continuation of the city cleaning exercise, Authorities of the Federal Capital Territory Administration (FCTA) with operatives of security personnel have uncovered an illegal oil refining warehouse in Mabushi, opposite Mobile filling station on Ahmadu Bello way in Abuja.

 

The Director, Department of Development Control, FCTA, Mukhtar Galadima after the operation on Thursday, said the illegal refining site was discovered during the continuation of the city cleaning exercise.

 

According to him, about three to four plot of lands designated for commercial purposes have been converted to an area where oil and diesel are being adulterated and circulated to other parts of the city.

 

Galadima explained that the city sanitation task force will look into the provision of the law and make necessary recommendations to the FCT Administration for further actions on the plots used for the activity.

 

He said there was no arrest but the items used in carrying out the illegal refining have been impounded.

 

Galadima said, “During the continuation of our city sanitation exercise in Mabushi opposite Mobile filling station on Ahmadu way, we discovered an illegal refining site where oil and diesel are being adulterated, we have done the needful by moving the items to Nigerian Security and Civil Defence Corps.

 

“From what we have seen so far, about three or four pilot of lands designated for commercial purposes have been converted to unapproved activities, which we believe the owners are fully aware, there will be consequences.

 

“We are going to look at the provision of the law and make necessary recommendations to the FCT Administration”

 

He said the administration will continue to go tough on activities being carried out without government approval,  especially revocation of the titles.

 

Collaborating, Head, operations FCT Directorate of Road Traffic Service (DRTS), Deborah Osho said the city management team during the exercise also discovered that most of the areas in the Nation’s capital have been converted to illegal car mart and motor parks.

 

She disclosed that fifteen vehicles have so far been impounded since the operation commenced about two days.

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Central Bank To Freeze Accounts Without BVN, NIN From April 2024

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The Central Bank of Nigeria (CBN) said on Friday that it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024.

This is according to a Friday circular by the apex bank which said a BVN or NIN verification will be “conducted shortly”.

It also said all BVN or NIN attached to accounts/wallets must be electronically revalidated by January 31, 2024, according to the circular by the CBN Director of Payments System Management Department Chibuzo Efobi, and the Director of Financial Policy and Regulation Department Haruna Mustapha.

More details later….

 

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Adebayo Alli: Guinness Nigeria gets new Managing Director, Its first Nigerian CEO since 2015 …..

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Guinness Nigeria has announced the appointment of Mr Adebayo Alli as its new Managing Director, its first Nigerian MD since 2015.

The appointment comes after John Musunga, the now erstwhile MD of Guinness Nigeria moved to become Diageo Africa’s Managing Director for Southern, West, and Central Africa.

The announcement was given after the company’s board meeting held on Monday, November 27, 2023.

According to the corporate filing on NGX’s website signed by the Company Secretary, Abidemi Ademola, Adebayo Alli would resume his new role within the company on January 1, 2024.

Profile of Adebayo Alli …..

Adebayo Alli, a mechanical engineer by training, holds a B.Sc. in Mechanical Engineering from the University of Ibadan and an MSc in Advanced Process Engineering from Loughborough University, UK.

He joined Diageo, owner of Guinness Nigeria in 2005 as a Packaging Operations Support Manager. Since then, he has gone on to work as project lead for a business transformation project in Meta Abo Brewery Limited, Ethiopia, another of Diageo Africa’s businesses. In 2014, he became a plant manager at the Meta Abo Brewery, and in 2015, Supply Chain Director.

Upon his return to Nigeria in 2017, he assumed the role of Operations Director at Guinness Nigeria before shifting his focus towards general management, venturing into multiple senior commercial sales positions within Guinness Nigeria PLC.

His trajectory saw a brief tenure between 2019 and 2020 as the Director for IPS, Reserve & Modern Trade. Subsequently, in 2020, Bayo ascended to the role of Commercial Director at Guinness Nigeria.

What you should know….

Guinness Nigeria’s last Nigerian MD was Seni Adetu who served between 2012 and 2015. Since him, John O’Kefee an Irish man became the MD, followed by Peter Ndegwa, a Kenyan, Baker Magunda, another Kenyan, then John Musunga, also another Kenyan.

Guinness Nigeria Plc is majorly owned by Diageo Plc with a 58% stake. In the past, Diageo’s only footprint in Nigeria was through Guinness Nigeria and the Managing Director of Guinness Nigeria also doubled as the head of the Diageo brand in the country.

However, after Diageo announced a discontinuation of its import deal with Guinness Nigeria, which meant Guinness Nigeria would no longer import Johnnie Walker and Baileys into Nigeria, it was also announced that Diageo was creating a new “wholly owned spirits-focused business” to manage the importation and distribution of those premium spirits brand in West and Central Africa. Presumably, John Musunga is resuming to head this new business.

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