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FESTUS ODIMEGWU BATTLES TO REVIVE MORIBUND BUSINESSES (turns wine seller, leases nightclub)

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11 years ago

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Former Chairman of the National Population Commission, Chief Festus Odimegwu has a lot up his sleeve as he plots to resurrect his crumbling businesses.
The man who for many years was the Chief Executive Officer of the Nigerian Breweries Plc has major interest in Hospitality, Oil and Gas, Real Estate and Entertainment.
Sources revealed that the businessman’s business empire was on the verge of collapse and that was the major reason he resigned his top job from the National Population Commission some months ago.ambrosia Festus-OdimegwuFestus-Odimegwu
Odimegwu’s resignation from the Commission came as a rude shock to many of his friends who thought he had the chance to win the heart of President Goodluck Jonathan who appointed him to the position without giving consideration to his private business which was suffering as he was revealed not to be getting what he hoped to leverage on as the head of the NPC.
An insider revealed that when Odimegwu was busy with the NPC his private business was in total mess which led to the close down of many of his investments.
One of his interests that experienced a closure was his Ambrosia nightclub in Victoria Island, Lagos which became a police matter where the ex NBL boss arrested some of his managers alleging a huge fraud that set back the account of the hangout in millions.
Odimegwu at the moment is putting machineries in motion to revive his businesses and the first step he is taking is to monitor everything by himself.
The businessman is also expanding his business fronts as he has injected a new business, the importation of exotic wines into the country.
The new wine, ANGEL is an alcoholic beverage which Odimegwu markets strictly within the circle of his rich friends, a bottle of the drink sells for 500,000 naira.
Papermacheonline was at the Ambrosia nightclub of Mr Odimegwu and witnessed the renovation taking place.
The hangout which is set to reopen for revellers for the Christmas and new year celebration is revealed to have been leased out by Odimegwu who feels he would not be able to supervise the full activity of the hangout based on its time of operation.
Odimegwu’s step to revive his business has not only paved way for his return to the social circle with a new status, it has also affected his spending and lifestyle.

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Tunde Ednut Earns $5,000 Per Day! -Report

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1 month ago

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September 22, 2025

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“Tunde Ednut earns $5,000 average per day, ISWIS made approx $200,000 from live events in one month” — Chude Jideonwo unveils creator economy data at Digital Creator Africa Summit
At the inaugural Digital Creator Africa Summit, media entrepreneur and #WithChude host Chude Jideonwo unveiled new data positioning the Nigerian creator economy as one of the most commercially powerful industries on the continent.
Highlighting explosive growth and overlooked business models, Jideonwo revealed that:
 • Tunde Ednut, the former musician turned Instagram media mogul, is estimated to earn over $5,000 a day through his platform — with a business model based on affiliate promotion, Instagram advertising, and music amplification.
 • The hit podcast “I Said What I Said” (ISWIS) reportedly made approximately $200,000 in gross revenue from live events alone in a single month, drawing thousands of fans across there US, the UK and Canada.
 • “What these numbers show,” Jideonwo said, “is that creators are no longer just influencers — they are media companies, and increasingly, nation-builders.”
The summit, held in Lagos and attended by creators, investors, and media leaders, was designed to shift the conversation from virality to value — reframing content creation as infrastructure, not just entertainment.
As part of his address, Jideonwo announced his $500,000 personal commitment to the FourthMainland Creator Fund — a catalytic investment vehicle to back high-potential African creators with funding, IP support, and platform distribution.
“We’re building the Mavin Records of storytelling,” he said. “Not just with fame, but with financial tools, ownership, and a full studio system that lets creators scale across the continent and diaspora.”
The Creator Fund is part of the broader FourthMainland ecosystem, a creator commerce platform set to launch in 2026. The platform will offer monetization tools, subscription infrastructure, and joint-IP models built around African content — positioning it as the first at-scale infrastructure for the continent’s growing $100B creator economy.
Jideonwo, whose ventures include Joy, Inc., #WithChude, and YNaija, closed with a call to funders and policymakers:
“If music had Mavin Records and tech had CcHub, then creators now have their studio systems — their Mavins — and they’re building billion-dollar value chains without waiting for permission.”
The keynote, titled “Overtaking is Allowed,” argued that Africa’s most important civic and cultural shifts today are being led by independent creators, and that media-tech infrastructure for creators is now one of the biggest opportunities for economic growth across the continent.
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What Ibadan Socialite, Fijabi’s Leak Audio Has Done To Minister Adelabu’s Guber Ambition

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4 months ago

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July 1, 2025

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Bayo Adelabu

 

A recent viral moment has unexpectedly stirred the political waters for Power Minister Adebayo Adelabu’s 2027 gubernatorial bid in Oyo State. Here’s how it unfolded—and the fallout that followed:

An audio featuring Ibadan socialite, Chief Akinade Fijabi and an unidentified young man surfaced online.

In the audio, Fijabi, an Ibadan high Chief and singer, Wasiu Ayinde’s closest ally bared his thoughts on political bearings in Oyo State and centred it round the Minister for Power, Adebayo Adelabu.

The audio quickly gained traction, sparking laughter and debate across social media platforms in Oyo and beyond.

The audio briefly overshadowed Adelabu’s image and critics seized the moment to question his ability, business sense and highlight potential vulnerabilities in managing grassroots affairs.

Even before the audio, Adelabu’s return to APC and flirtation with a 2027 run had unsettled internal party dynamics. The audio gave fuel to factions already uneasy about his rapid elevation and perceived attempt at imposition.

APC hardliners and youth groups, who’ve openly criticized the party’s handling of aspirants like Adelabu, echoed that the viral moment underscores deeper frustration about favoritism .

Adelabu’s allies are downplaying the audio, arguing that public interactions reflect openness and a grassroots presence and qualities essential for statewide appeal. They’ve also pointed to his achievements, including boosting national grid capacity, as evidence of credible leadership .

Fijabi in the audio also shed some lights based on what he termed ‘reliable information’ on Governor Makinde’s Presidential ambition, claiming it was a plot to collapse the PDP in Oyo State for President Tinubu with an agreement that the Governor would be granted the request to install a successor.

The clip audio shifted part of the conversation from Adelabu’s technocratic record to his public persona. Analysts say managing optics now matters more than ever for his brand.

 

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Ajimobi’s Eldest Child, Bisola Dies In The UK

Published

7 months ago

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March 27, 2025

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Late Governor Ajimobi’s first child, Bisola is dead!

 

News filtered in early Thursday, March 27, 2025 that Bisola,42 died after a brief illness in the United Kingdom.

 

The late woman before her death was the special adviser to the Minister of Budget and Planning, Atiku Bagudu.

 

Married to Kolapo Kola-Daisi, their marriage is blessed with three children.

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