The abrupt resignation of Adesola Adeduntan as the Managing Director of First Bank is what many cannot understand.

The news created a frenzy which was controlled by the frontline financial institution by appointing a new Managing Director, Olusegun Alebiosu exactly a day after Adeduntan’s exit to instil hopes in the bank and douse the fears of investors.

Sources within the bank hinted papermacheonline that Adeduntan who was meant to retire in December, 2024 was asked to step aside by the board of the bank as a result of a directive from the CBN.

The board was said to have lost total confidence in the manner he was running the bank and he couldn’t be saved when the directive came from CBN.

The decision to pull the rug under Adeduntan’s feet was hinged to different circumstances.

Papermacheonline can only confirm that one of the allegations was linked to his lifestyle which is said not to be too good for the bank’s image.

There were other allegations which led to disagreement among the board, but the side who wanted Adeduntan out of the bank prevailed after presenting damning evidences.

Adeduntan was on an official assignment in the United States when he tendered his resignation.

He served the bank for 9 years as the CEO.

There were also details of an unconfirmed celebration among the staffers when his resignation was announced.

The First Bank MD is said not to have a budding relationship with his associates and there was also a question of ego.

The deceased senior police officer, who was said to have gone home for the Easter celebration, was alone located at his Petros Academy Street, Federal Low-cost area residence.

Late Oyedemi who was in his 50s was Aide de Camp to late Governor Adebayo Alao-Akala during his eleven-month tenure as governor (January to December 2006

When ogbomosoinsightonline.com arrived at the residence at Petros Academy Street, Federal Low Cost area the police had cordoned off the area but sympathizers were seen in groups discussing the matter in a hushed tone.

“Sometimes he came home with police security l saw him recently driving personally into his beautiful mansion,” a neighbour said.

National Insight reported a police source hinted about a quick investigation into what could lead to the tragic end of a gallant Deputy Police Commissioner.

-Ayotunde Ayanda

K1’s lead talking drummer, Ayankunle Ayanlowo has listed the condition for him to reconcile with his boss, Wasiu Ayinde, the Mayegun of Yorubaland.

At his home in Felele, Ibadan in a private chat, the drummer in his request stated ‘I want them to settle our fight. I want them to call us together, he(Wasiu) should be God-fearing and state his part, while I should also be present to speak my mind. The elders should step in but God knows, I will never go back to him’.

When asked why he vowed never to go back, Ayanlowo replied, ‘he is vindictive, he never forgives and I’ve placed everything in the hands of God. I can never go back to the band”.

The lead drummer while confirming that some cleric leaders and traditional rulers have waded into the matter also said ‘part of my condition is that at any location they pick for the peace-meeting, if anything happens to me, I would hold the people that call for the meeting responsible and they’ve assured me nothing of sort would happen”.

He hinged his fears on the attack at his Felele, Ibadan home where his windows was shattered by people he believed to be loyalists of his boss.

‘I’ve worked with him for 32 years and now I want to be on my own, I’ve tried! They should just leave me in peace’, he begged.

Ayankunle had accused Wasiu  of providing a poor welfare package for his band members, which KWAM 1 has since denied and this has generated a lot of issues that called for the intervention of top monarch, the Aseyin of Iseyin, Oba Sefiu Adeyeri who claimed to have instructed Ayankunle to stop posting videos or granting interviews.