Category Archives: News

One Year After Death; Amcon Seals Ibadan Businessman Francis Ayegbeni’s D’Rovans Hotel


It was a moment of chaos, shock and disbelief some days ago when officials of the Asset Management Corporation of Nigeria stormed Ibadan popular hotel, D’Rovans and sealed it up.

The agency was said to have sealed the hospitality haven owned by late Ibadan boxing promoter, Chief Francis Ayegbeni who died a year ago.

A source revealed to Papermacheonline that AMCON decided to seal the hotel after several years of appeal to the family of the late businessman to pay back the sum of 46 million naira which was a loan taken by Chief Ayegbeni from the defunct Intercontinental Bank.

The agency in its usual mode of operation stormed the hotel located on Ring road area of Ibadan on Friday November 17, 2017 with armed security operatives and drove out the lodgers, staffers and tenants within the premises of the hotel before putting it under lock.

Papermache’s reporter visited the hotel some hours after the eviction and spotted some dejected looking staff and children of the late businessman who were caught unprepared as they stood transfixed at the entrance of the hotel deciding on the next line of action to take.

The D’Rovans hotel became Walan hotel some years ago in a bid for restructuring.

The hotel in the many years was the hub of activities in Ibadan judging from the business acumen of the late owner and his connection, he was a friend to many important people while alive.

Not Yet Uhuru; Ex Accountant-General, Otunla In Fresh Trouble Over Dasuki’s N2B


The EFCC will arraign the former Accountant-General, Jonah Otunla and eight others before the Federal High Court, Abuja on 7, December 2017 on money laundering charges and involvement in a diversion of N2B from the account of the office of the former National Security Adviser, Col Sambo Dasuki.

The rest of the six defendants are companies said to have benefited from the N2bn withdrawn from ONSA account with the Central Bank of Nigeria

The companies named as co-defendants are Gold Reef Industries Limited, Lambster Nigeria Limited, G.C Electronic Limited, Sinmilak Nigeria Limited, Wehsac Farms Limited, Shepherded Field Global Resources Limited and Stellavera Development Company Limited.

The EFCC, in the five counts filed against Otunla and others on October 11, 2017, accused the defendants of transferring the sum of N2bn from ONSA account with the Central Bank of Nigeria between June and August 2013.

The anti-corruption agency alleged that the defendants withdrew the money from ONSA account purportedly for the supply of security equipment.

Another Celebrity Wedding In The Offing! Ajimobi’s Son To Marry Kano Gov’s Daughter (as dad charters private jet for introduction)


The only son of the Oyo State Governor, Senator Abiola Ajimobi, Bolaji has taken a bold step to officially seal his affair with the pretty daughter of the Kano State Governor, Alhaji Umar Ganduje, Fatima with an introduction ceremony slated for Friday, 10, November 2017.

The affair between the two lovebirds blew into the open recently when the lovers took to social media to profess their love, an action that stunned many of their friends who were unaware of their relationship.

A source hinted papermacheonline that Governor Ajimobi has chartered a 34 seater aircraft that will take a handful of friends and family members for the introduction ceremony in Kano.

Bolaji, 29 is a First Lieutenant in the United States Marine Corps and the dream of many different ladies while Fatimah is the youngest daughter of the Kano State Governor.


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Eleventh Fashion Show Lights Up Lagos

Lagos is set to witness the biggest convergence of designers, stylists, models, photographers, hairdressers, make up artistes and all others in the fashion business with the hosting of the Eleventh Fashion Show.
The convener, Angie Thomas who is the CEO of Jt Angies Emporium, a reputable company that provide services in Interior Decoration, Event Planning, Real Estate, Tourism and Logistics had already announced that the show was created as a platform to showcase Nigeria’s finest piece of art through the runway.
The Eleventh Fashion Show aims to drive the Nigerian and African fashion industry by bringing together buyers, consumers, designers and the media to view the latest collections of African designers in Lagos and to also exhibit the talent of other young designers.
Ready to ignite the runway with their work are creative designers like Seyi Mark, Beatrice Miangogo, Coser Estilo, G-cut, Dizturbing Fashion, Sum August and many other talented african designers.
The show which will be anchored by popular comedian, Steve Onu comes up on Saturday, 4th November, 2017 at the Kon-X Place, Lekki, Lagos.

All Set For Zenith/Delta Cup Season 2


All is set for the second edition of the Delta State Principals Cup football competition for all secondary schools sponsored by Zenith Bank.
At the media conference of the Season 2 of the competition on Thursday, Governor Ifeanyi Okowa affirmed his resolve to give all young Deltans a platform to excel in their various areas of specialization and to expose their talents in the state to the global community.
The Delta State Commissioner for Basic and Secondary Education, Chiedu Ebie, who on behalf of the governor said the opening ceremony is scheduled for November 1, 2017 at the St Patrick’s College, Asaba while the final is scheduled for February 2018 at the Ozoro Polytechnic Stadium.
Stressing that the revival of the Principals Cup was one of the programs outlined by the Governor towards enhancing the grassroots sports developmental drive of the state, Ebie said that the Okowa administration was keen on redirecting the focus of young Deltans to meaningful ventures.
He commended Zenith Bank for partnering with the state and urging the private sector to also partner with the government on its laudable programs towards giving the youth a brighter future.
Deputy Managing Director of the Zenith Bank, Mr Ebenezer Onyeagwu, represented by Mr Lucky Ighade, the Deputy General Manager Asaba, assured of the bank’s determination to continue its partnership with the state, saying the Principals Cup was a veritable tool for engaging the youth in productively.
He said the Zenith Bank Delta Principals Cup was a flagship program of the bank aimed at giving back to society as well as providing the youth with a better future.
Ighade said the tournament was part of the bank’s ways of developing grassroots sports in the country with the hope that future stars would emerge therefrom to represent the country in international football competitions.
The Chairman of the Delta State Sports Commission, Chief Tonobok Okowa, represented by the Director-General, Mr Victor Onogagamue, assured that the commission will give necessary technical support to the programme.

Gov Fayose Escapes Death In Car Inferno (family alleges ‘it was a bomb attack)


There’s a new twist into the car accident survived by Ekiti State Governor, Peter Ayodele Fayose in Lagos some days ago as one of his brothers, Isaac alleged it was a bomb attack.

The Governor’s AMG Benz 2016 went up in flames and burnt beyond repairs along Oshodi expressway.

According to Isaac Fayose, the CEO of Anis Guards, he claimed ‘the accident was a bomb attack. My brother was in Lagos where he went to grant some interviews in a couple of radio stations, Jimi Agbaje came to meet him at one of the radio stations and they left together. On his way to the airport the Governor was in the car…a 2016 AMG for that matter! He noticed smoke was coming from the back of the seat and he jumped out and joined another car in the convoy, in a second the car went up in flames…it was a bomb attack, either spiritual or physical’.

The Governor’s spokesperson, Lere Olayinka confirmed the incident with claims that security operatives are working to determine the cause.

‘like husband, like wife’ Area Boys Boo Fayemi’s Wife Off Lagos Party


The pretty wife of the Minister Of Solid Minerals Development, Dr Kayode Fayemi, Bisi got more than what she expected as she was booed off a party in Lagos recently.

The quiet woman, as usual was dressed to the nine and was part of the VIP guests at a wedding ceremony in Lagos Island when she was accosted by some area boys who went wild and were singing her praise expecting a reward.

The woman pretended not to have noticed as she signaled to her security aides who made an attempt to ferry her into safety .

As she was being hurried to her car the area boys started booing her, hurling abusive languages with words like ‘like husband, like wife’, ‘esin race course’ while leaving her tofocus their attention on the Lagos First Lady, Mrs Ambode and ex Governor of Akwa Ibom, Obong Victor Attah who were also present at the party.