News
CBN TOPSHOT BAYO ADELABU OPENS MULTIMILLION NAIRA GUEST HOUSE, BAYSE-ONE IN HOMETOWN TO SAIL POLITICAL AMBITION

Astute banker, Bayo Adelabu has finally opened his private guest-house in Ibadan.
The new hotel which has been described as one of the choice places in the hospitality sector in Oyo State took just 5 months to be constructed and it turns out to be a master piece which has all the features and touches of a modern design that suits its purpose.
Those in the know claimed that the owner used his favorite holiday spot in Paris, France as a model for the architectural designs.
The owner who is a grand-child of the late Ibadan politician, Chief Adegoke Adelabu ‘Penkelemesi’ is one of the deputies to the CBN Governor, Mr Godwin Emefiele.
Bayo to people close to him is a man that doesn’t compromise taste and perfection explaining his contest to make his new hotel the best in the city.
The new hotel speaks volume of the owner’s dream. The interior, fittings, beddings and even the location is a prove of its operation and the expected patronage. The hotel is located at the highbrow Akinola Maja, Jericho, Ibadan, a vicinity of the city’s top residents like the State’s Commissioner of Police, the former Governor of Ekiti State, Kayode Fayemi, ex-Governor Oladayo Popoola and many others.
Many admirers of the banker-owner of the hotel believe that the location of the guest house in Ibadan is a deliberate move by the owner to start preparing ground for a political ambition he is claimed to have been nursing for many years.
The Obafemi Awolowo University graduate of Accounting is said to have been a firm supporter of the many ideas and political principles of his grandfather, Chief Adegoke Adelabu, a very brilliant politician who ruled Ibadan in the 70’s.
Bayo is believed to posess his late grand-dad’s brilliance and boldness, these rare qualities endear him to the people with the belief that one day he would step into the late Adelabu’s big shoes.
The late Adegoke Adelabu was a man loved by many in Ibadan but his political dreams was cut short when he died in his early 40’s in a fatal auto crash.
The younger Bayo is revealed to be nursing a political ambition which he hopes to kickstart by contesting for the State governorship in 2019.
The construction of the Bayse-One hotel is claimed to be among his many plans to capture the support of his people.
The banker who rose through the ranks in his career as an Executive Director in First Bank before he was appointed a Deputy-Governor of the apex bank is a man that believes in youth empowerment and poverty alleviation and that is more reasons he is targeting employment as a means to win the people’s loyalty.
One of his friends revealed to papermacheonline that ‘Bayo’s calculation was to contest in 2015 but he had no option when the CBN job came. This came as a leverage to him and his target now is to draw support and plan for the next four years, by then he must have retired and that is why he is spending so much to locate his business in Oyo State and create employment. You will see other things he would be doing from next year. Age is on his side, he has a good pedigree and the people are all there for him’.
News
EFCC Arrests Top Businesswoman, Aisha Achimugu

The Economic and Financial Crimes Commission (EFCC) recently arrested prominent businesswoman and socialite, Aisha Achimugu, following allegations of fraudulent activities related to a multi-million-naira contract awarded to her company by a South-West state.
Achimugu, who serves as the Chairman of Bluewave Exploration and Production Limited, was detained last weekend after a civil society group filed a petition accusing her of involvement in dubious dealings concerning the contract. She was granted bail the following day but has been instructed to return for further questioning in the coming week.
Beyond her corporate endeavors, Achimugu is well-known in elite circles across Lagos and Abuja. Her social media presence showcases a lavish lifestyle, featuring exotic vacations, exclusive yacht parties, and private jet travels.
This arrest marks a significant challenge for Achimugu, whose business empire and social standing are now under intense public scrutiny. The EFCC’s investigation is ongoing, and the outcome may have far-reaching implications for her career and reputation.
A source hinted that Achimugu was asked by the commission to report back on the 30th of March,2025 for further questioning.
Not really bothered by the investigation, the billionaire days after her arrest launched a 30-day feeding Ramadan programme where she targets the less-privileged.
Additional Information- Streetjournal Magazine
News
Obasa Missing as Lagos Assembly Sits, Lauds President Tinubu

The Lagos State House of Assembly convened for a crucial legislative session yesterday, but an unexpected absence stole the spotlight, the ousted Speaker Mudashiru Obasa was nowhere to be seen. The sitting, which focused on key legislative matters and a commendation of President Bola Ahmed Tinubu’s leadership, went on without Obasa, raising eyebrows among lawmakers and political observers alike.
New Speaker Mojisola Meranda presided over the proceedings, ensuring the session ran smoothly. During deliberations, the lawmakers took turns applauding President Tinubu for his strides in governance, particularly his economic and infrastructural policies aimed at revitalizing Lagos and Nigeria as a whole. However, whispers about Obasa’s absence could not be ignored.
Sources within the Assembly remained tight-lipped on the reason for his nonappearance, fueling speculation.
As lawmakers dispersed after the session, the big question lingered where was Obasa? For now, the mystery remains, but all eyes will be on the next sitting to see if the seasoned politician resurfaces.
lifestyle
Meet The New 47-year-old Alaafin Of Oyo, Prince Akeem Owoade

Prince Akeem Owoade is a Nigerian and Canadian entrepreneur, philanthropist, and president of 100279 Manitoba Limited, a real estate investment and financial services business in Manitoba, Canada.
Born 47 years ago to a prominent and royal family of Owoade-Agunloye in Oyo town, Prince Akeem Owoade is one of the surviving children of Pa Rasaki Ibiyosi Owoade, the descendant of Aremo Aderounmu Iyanda Owoade, Agure Compound, Oyo town in Oyo State, Nigeria.
aking an early interest in engineering, Prince AkeemOwoade began his engineering studies by completing his National Diploma and Higher National Diploma in Mechanical Engineering from ‘The Federal Polytechnic, Ilaro, Ogun State (1994 to 1997) and The Polytechnic, Ibadan (1999 to 2001), Oyo State. Nigeria respectively. He did his NYSC with Nigeria Gas Company as Mechanical Intern/Planner in 2002.After the completion of his NYSC, he worked with Oceanic Bank International Plc. in Warri as a teller. (2003 to 2004).
Prince Akeem Owoade decided to further his education in the United Kingdom where he attended University of Sunderland (2008) and Northumbria University (2012)
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