Category Archives: Politics

‘3sc Woes Not Financial, Shake Up Imminent’ -Chairman, Gbolagade Busari

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The Executive Chairman of the Shooting Stars Sports Club, 3SC, Mr Gbolagade Busari has hinted that major decisions at improving the fortunes of the club will be made in a matter of weeks, emphasizing that the club’s poor performance was not due to the lack of funding.

He said that both the players and the technical crew are going to be evaluated by the management with proper restructuring in the pipelines.

Busari, therefore, appealed to the teeming fans of the team to remain calm, assuring that necessary measures will be put in place to marshal the team back to the premiership in due course.

This was after the unfavorable outcome of Gombe United / Wikki Tourists rescheduled match in Maiduguri.

He disclosed that the current situation of the team was not as a result of lack of adequate support from the government, stressing that 3SC is the only agency that still gets its monthly subvention regularly from the government despite the cash crunch in the country.

Also, Mr. Gbolagade Busari on Sunday in Ibadan, explained that the Club, 3SC, gets monthly subvention of N12m for players’ salaries, technical crew and administrative staff while gate takings (at an average of N1m per match with the money realized from sponsorship deals) are all utilized for match prosecution, allowances as well as bonuses of the players.

He went further that no one should put the blame of the team’s poor performance at the door steps of the government but rather the commitment of the players.

Gov Fayose’s Brother, Emmanuel In Auto Crash!

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The household of the Ekiti State Governor, Peter Ayodele Fayose had every cause to thank the Lord as one of the prominent members of the family, Emmanuel survived a ghastly car crash some days ago.

According to information sourced by Papermacheonline, the businessman was travelling from Abuja to Ekiti where his Governor-brother was being honoured with a chieftancy title by the Ewi of Ado-Ekiti, Oba Rufus Adeyemo Adejugbe when the tyre of the Prado jeep he was travelling in bursted on top speed and the car somersaulted.

The visibly shaken Emmanuel was dragged out of the car by other road users who witnessed the accident.

The young man was said to be in a good condition as he got out of the crash without any injury.

The news got to Governor Fayose through his aides and he was said to have immediately ordered a two-car convoy to go to the crash scene and fetch his brother.

The Ewi of Ado Ekiti, Oba Rufus Adeyemo Adejugbe, conferred chieftaincy titles on the governors of Ekiti and Gombe States, Mr Ayodele Fayose and Alhaji Ibrahim Hassan Dankwambo, respectively. Also honoured was the wife of Gombe Governor ,Hajia Ummi Adama Dankwambo and a member of House of Representatives , representing Remo Constituency in the House of Representatives and governorship.21078702_734688736737849_3977956874011350479_n

All The Investments That Put Bayo Adelabu In Trouble (details of his encounter with the EFCC+political ambition in jeopardy)

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One of the Deputy-Governors of the Central Bank of Nigeria, Chief Bayo Adelabu is at the moment fighting the biggest battle of his life.

Adelabu was invited and interrogated some days ago by the EFCC in Lagos for abuse of office and role in the alleged siphoning of shareholder funds via phoney loans.

Sources with knowledge of the development told us that investigators believe that Adelabu, who is presently serving as one of the Deputy Governors at the Central Bank of Nigeria (CBN), allegedly connived with Oba Otudeko to arbitrarily approve loans running into several billions of naira which have since gone bad.

The recklessness of the bank bosses prompted the CBN to introduce stiffer corporate governance rules to protect shareholder funds from being abused by insiders.

In Adelabu’s case, many other accidental deep pockets have probably learnt few had lessons on the dos and don’ts of executive banking, morality and citizenship. This are certainly the worst of times for him. Adelabu, who is believed to have amassed a huge war chest, is preparing a bid for the governorship of Oyo State in 2019.

In his bid to win the Governorship election in Oyo State come 2019, the banker has invested hugely in his hometown, Ibadan to drum the support of the people.

With reckless abandon unusual with people in public office Bayo Adelabu has solely financed and owned an ultramodern Shopping Centre on Rring road, Ibadan, a 34-flats serviced bedroom apartments at Oni and Sons street, Ibadan, the highbrow Bayseone Hotel in Jericho, Ibadan and his recent investment being the most expensive hotel in the city, Best Western Hotel tucked inside the Iyaganku GRA, iBADAN.

All these investments were said to have been traced and would likely be answered for as the anti=fraud commission has beamed its searchlight on the activities of the billionaire, a grandchild of late Ibadan popular politician, Chief Adegoke Adelabu.

The recent occurrence is said to have had a dent on his political career as his handlers in Oyo State are working hard to distract the people from the incident.

He was interrogated for hours on Monday at the Ikoyi, Lagos office of the EFCC and subsequently released on administrative bail. EFCC sources say he is expected to return to the agency for further questioning and may be charged to court for fraud and insider abuse when investigations are concluded.

Additional Information from The Capitalng.bayse-one-place-oyo-53384IMG_20150405_075110

Ex-Speaker, Dimeji Bankole Puts Properties On Sale

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For unknown reasons, former Speaker of the House of Representatives, Dimeji Bankole has placed ‘For Sale’ on some of his properties.

The politician who is believed to be warming up to succeed Governor Ibikunle Amosun as the Governor of Ogun State has placed his Abuja home located in the highbrow Asokoro and his hotel, Grand-Banks Link, Ota on sale.

Many hinged his decisions to ‘fling’ the properties on part of the move to sustain the bid to actualise his ambition.

An insider hinted ‘he needs money badly! You know he is tight-fisted, now he needs to prove himself and spend’.

The Hotel which many of the staffs thought will be given to a consultant to manage, witnessed properties valuers visiting the leisure centre since last week.

Checks however revealed unlike in the early days of this year, activities at his campaign offices across Ogun state has dwindled to halt, with some actually locked up.

Victims Of Democracy: 3 Workers Fired In Osun For Celebrating Adeleke’s Victory

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The by-election in Osun State to fill the vacancy left by the demise of Senator Isiaka Adeleke has come and gone leaving in its trail the winners, the vanquished and some victims.

Part of the victims of the by-election are Kunle Makanjuola, Gbadebo Adepoju and Folakemi Alonge employees of the Osun State Broadcasting Company who were suspended indefinitely for jubilating after INEC confirmed that Demola Adeleke has won the election.

A source revealed to papermacheonline that the workers made noise, jumped and hugged each other after the result was announced and they were reported to their superiors who thought their conduct was unbecoming and had to suspend them indefinitely.

Some of the Directors and Managers of the State-owned broadcasting company are claimed to be loyal to the State Governor, Ogbeni Rauf Aregbesola and they allegedly took side with him in the by-election where his candidate, Mudasiru Hussein was defeated.

The development was said to have been discussed by colleagues of the suspended workers in hushed tone for fear of what could be if they were caught talking about it.

Insiders also hinted that the workers might face disciplinary committee where they were expected to defend themselves.

A PDP chieftain from Osun State who spoke with papermacheonline said the party is ready to take on the matter. The politician in a text message sent to papermache said ‘the affected persons were never issued any letter of query before their indefinite suspension! seems Pharaoh has resurrected’

Ceecon Boss, Chima Anyaso ‘Secretly’ Visit Obasanjo To Seek Help For Jailed Sister

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Ceecon boss, Chima Anyaso has listened to voice of wisdom. The young oil baron recently sought superior help in the matter concerning his jailed sister, Adaoha Nnadi.

Ada is the Managing Director of Ontario Oil who was sentenced to 10 years imprisonment in January, 2017 for defrauding the Federal Government of N754million in oil subsidy transactions.

Since the sentenced was handed over, Chima was said to have been unhappy.

The young man who was a protege to former Abia Governor, Orji Uzor Kalu had said to have spent billions to seek judicial redress into his sister’s matter all to no avail.

Sources claimed Chima some days ago paid a secret meeting to Obasanjo’s hilltop mansion in Abeokuta.

The meeting was said to have been facilitated by an undisclosed friend of the young billionaire.

The meeting which lasted for about 45 minutes was said to have brought some hope to Chima as he was spotted laughing after the encounter.

An insider who spoke to papermacheonline disclosed that the meeting wasn’t really about Chima’s sister, the source said ‘the agenda was set to the tune of a support from ‘Baba’ for an undisclosed political ambition, it was after that he mentioned the case of his sister’

Chima would have achieved his aim to keep the meeting secret but his companion, actor Jim Iyke couldn’t hide his excitement of meeting Chief Obasanjo for the first time took a photograph which he posted on social media with the tag ‘meeting the kingmaker’

Doyin Okupe Dumps PDP (Fani Kayode Tweets ‘support’)

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Doyin Okupe, a former Special Assistant to President Goodluck Jonathan on Political Affairs, has abandoned the Peoples Democratic Party.
In a Facebook post on Sunday, Mr. Okupe said the PDP had become so deep in crisis that the former ruling party could no longer be saved, notwithstanding the faction that emerges victorious in the ongoing battle for the party’s control between Ahmed Makarfi and Ali Sheriff.
Mr. Okupe served Mr. Jonathan as public affairs aide from 2012 until the former president was defeated in 2015.
The politician, from Ogun State, also said he would no longer participate in active politics for the foreseeable future unless he’s called upon by divine intervention.
Protracted crisis in the PDP has seen the party lose several of its political bigwigs since losing power after 16 years at the helm, including serving senators and members of the House of Representatives.
In a reaction to Doyin Okupe’s announcement, his friend and party member, Femi Fani-Kayode who was a former Minister of Aviation tweeted stating he called Doyin Okupe who informed him of his reasons of dumping the party. Fani Kayode revealed ‘…we may lose many more soon’ an indication that many interpreted to his move to also stage a walk away from the party he joined some years ago after leaving the APC.