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Shock, Disbelief In Oyo As Adelabu’s Name ‘appears’ On Ministerial List



Bayo Adelabu

-Gbenga Biobaku

The report that the name of the flagbearer of  Accord Party in the last governorship elections in Oyo State, Bayo Adelabu appeared on the Ministerial list submitted by President Bola Ahmed Tinubu to the National Assembly has sparked off  reactions.


Adelabu in the last elections polled a paltry 38,357 votes trailing widely behind the winner, PDP’s Seyi Makinde who had 563,756 votes and APC’s Teslim Folarin’s 256,685 votes.


A chieftain of the APC who spoke under the condition of anonymity to papermacheonline expressed huge disappointment while saying the list should better be an imagination. In his words, he said ‘it’s quite troubling and if it’s true that’s a total disappointment. How would you explain bypassing the people that used their whole lives to work for your party and pick someone that left your party because of personal ambition. I can only wish that the list is not real’.


It’s joy in the camp of the PDP as party members claimed the Governor, Seyi Makinde was consulted by the President before picking Adelabu.


It was silence from the camp of Senator Teslim Folarin as some of his aides declined making any comments over the list.


Bayo Adelabu, a former Deputy-Governor of the Central Bank was the flagbearer of the APC in 2019, he lost the election to Seyi Makinde and left the APC to join Accord Party when he couldn’t win the party ticket at the primaries, he lost to Senator Teslim Folarin.


In Ibadan, the ministerial list was the major discuss as people on the streets, party secretariats, offices and relaxation centers were seen huddled together dissecting the list and expressing concerns.


Other names said to have appeared on the Ministerial list (first batch) are Nyesom Wike, Dele Alake, Wale Edun, Lateef Fagbemi, Olubunmi Ojo, Ahmed Dangiwa, Nasir El-Rufai and many others.




From Boardroom To Politics, Ex-First Bank Boss Eyes Oyo Governor’s Seat




Adesola Adeduntan, the erstwhile Managing Director of First Bank has been named as one of the would-be successors of the Governor of Oyo State, Seyi Makinde come 2027.


The banker who was allegedly eased out of banking for some undisclosed misdemeanors is claimed to have began consultations as he charts a new path in politics.


Sources hinted that Adeduntan had been interested in an elective position but his participation was measured because of his banking career. But now, the coast is clear and he is already aligning himself with some stakeholders ahead of 2027.


A list of names including Ilaji boss, Dotun Sanusi, Taofeek Arapaja, Stanley Olajide and many more has features as interested minds gunning for the number one seat in Oyo, a list Adeduntan has recently joined.

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Ex First Bank Boss, Afonja Dies In Auto Crash




-Femi Bamgbose


Details have emerged on Monday, 20th May, 2024 regarding the tragic death of a former Chairman of First Bank Plc, Ajibola Afonja.


The 82 year-old man was said to have died in a car accident.


The accident occurred somewhere around Oyo town.


Sources hinted papermacheonline that the former Minister popularly known by his company name ‘IDS’ Integrated Dimensional System was rushed to the University College Hospital, Ibadan where he eventually gave up the ghost.


The news spread like wildfire within the society circle across Oyo State where Afonja was highly revered.


Family sources claimed he would be buried today according to Islamic rites.

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‘How Yahaya Bello Withdrew Almost $1M From Kogi Account To Pay Child’s School Fees’ EFCC boss, Olukoyede




The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that a former governor of Kogi State, Yahaya Bello, transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.


Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.


He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.


“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”



Olukoyede further stated that he personally reached out to Bello, offering him a chance to clarify the situation in a respectful setting within the EFCC office but the ex-governor reportedly declined to cooperate, citing fears of harassment from an unnamed woman.


The EFCC boss added, “I didn’t initiate the case; I inherited the case file. I called for the file, and I said there are issues here.


“On my own, I called him, which I am not supposed to do, just to honour him as an immediate past governor. ‘Sir, there are issues. I’ve seen this case file. Can you just come let us clarify these issues?’



“He said, ‘Ha! Thank you, my brother. I know, but I can’t come. There’s one lady that has surrounded EFCC with over 100 people to come and embarrass me and intimitade me.’


Bello was said to have suggested that the EFCC come to his village rather than conduct an investigation at the agency’s quarters.


“I said if that is the issue, I’m going to pass you through my own gate, and you will come to my floor. We will accord you that respect. I will invite my operatives; they will interrogate and interview you in my own office. What could be more honourable than that to allay the fear?


“You know what he said: ‘Thank you, sir, but can’t they come to my village? Olukoyede added.


The chairman also highlighted the agency’s achievements during his tenure, stating, “We have recovered close to 120 billion and secured over 1,600 convictions in six months.


“I’m so passionate about the need for us to move forward in this country. We need the EFCC to survive. There are so many victims that we have wiped tears off their eyes, people that have been swindled in their millions. Every day, we keep recovering money for victims.”


PUNCH Online reports that the EFCC chairman, Olukoyede, has vowed to resign from his position if Yahaya Bello is not prosecuted.


The EFCC is seeking to arraign Bello on 19 counts bordering on alleged money laundering, breach of trust, and misappropriation of funds to the tune of N80.2 billion.

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