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

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.
News
Ajimobi’s Eldest Child, Bisola Dies In The UK

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.
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.
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