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Concerned Parties Move To Reconcile Nnamdi Okonkwo, Nneka Onyeali-Ikpe



From all indications, there is an effort to reconcile the former Managing Director of Fidelity Bank, Nnamdi Okonkwo and his successor, Nneka Onyeali-Ikpe.

A source revealed to papermacheonline that those concerned had reached out over the weekend to manage the situation between the two bankers in the interest of the bank and the general public.

The image of the bank was said to have been affected by the crisis calling for the need to bring together both parties.

As narrated, this is genesis of the crisis monitored on news blog, Maestromedia…

A rumble has started to brew in Fidelity Bank and if it isn’t quickly contained, may engulf the financial institution, cause disaffection among staff members with investors and shareholders likely to pull their investments and ultimately affect the fortunes of the bank.

The people at the centre of this rumble are none other than Nnamdi Okonkwo, the former MD/CEO of the bank and his successor, Nneka Onyali-Ikpe, the current MD/CEO of the bank.

The duo who supposedly have a mentor and mentee relationship, have now parted ways acrimoniously over high level ambition.

According to Maestrosmedia, trouble started when Nnamdi Okonkwo just like his fellow bankers do, decided he needed to be very much involved in who takes over from him. Like his ilks, Okonkwo’s need to be involved in who replaces him, was simply to get someone who he trusts enough to protect his interest and to have his back, owing to all of his financial dealings when he was at the helm of affairs at the bank.

When Fidelity Bank began shopping for his replacement, Okonkwo already had in mind the perfect person he wanted to take over from him. He was reportedly planning to bring in someone who has shown brilliancy from another banking institution of repute before he got cornered by one of his executive directors.

The director who is now the incumbent MD of Fidelity Bank had gone out on limb to meet with the highest echelon of the bank responsible for making the choice for a replacement, without Okonkwo’s knowledge.

Onyali-Ikpe who obviously wanted to advance her career showed keen interest for the job and went after it with all the gusto she could muster. Luckily, it worked in her favor and the board of the bank got sold out to her.

Okonkwo was miffed that she had gone behind him to pitch herself for the job without his knowledge. And so he tried to dissuade the board to go with his choice but their mind was obviously made up and she became their choice. This was all the more made possible by her husband, Ken Onyali-Ikpe who allegedly put every resource at his disposal to make his wife’s dream come true.

Since her assumption to the office of the MD on January 1st, Onyali-Ikpe is allegedly said to be on a ‘house cleaning’ agenda; weeding out those who she perceives to be loyal to the erstwhile MD and who could possibly undermine her.

A few have been smart enough to jump ship and avoid the humiliation of being sent packing. One of those The Street Journal gathered, who saw the signs and quickly left is Charles Aigbe, the former deputy general manager/head, brand and communications is now the deputy Vice President, community relations, HEIRS Oil.

Only those who switched allegiance have been spared from madam’s hammer

Also, the former MD/CEO’s tenure is already going through thorough scrutiny with the hope that eagle eyes will catch something the ex MD doesn’t want unearthed and hopefully, get him the Francis Atuche treatment.


Parrot Xtra Publisher Celebrates Hassan Fatungase At 60




 Publisher of Parrot Xtra Magazine/, Olayinka Agboola has sent out expressive greetings to his long-time friend and brother, Alhaji Hassan Taiwo Fatungase, former Bakers’ World, Ikeja, Lagos Director on the occasion of his 60th birthday anniversary.


In a statement  personally signed by Agboola, former Nigeria Coordinator for Ovation International Magazine described Alhaji Hassan Fatungase as the most selfless Nigerian he has ever encountered.

Agboola continued, “Hassan is not only selfless, he is intelligent, forward looking, hard-working, vibrant, resourceful, compassionate and above all, very God-fearing.”

The Ibadan-based media entrepreneur then went ahead to submit that the astute technocrat is a man who appreciates human beings and the value of friendship.

“Those who attended the University of Lagos with him in those days will attest to it that ‘Fatuu’, as he used to be called then would sacrifice anything to keep a working-relationship.


“Even when he joined one of the five-star hotels in Abuja in the early 90s, it did not take long before he was promoted to become the very first African to occupy a managerial position before he joined the Bakers’ World family business in Lagos. His records are still there till today.

Feats At Bakers’ World

“While running Bakers’ World located on Allen Avenue in Ikeja, Lagos, journalists, broadcasters, creative young Nigerians and others were encouraged by him. The records are also there for people to verify. There is almost no big name in the entertainment/media industry in Nigeria today that has not directly and/or indirectly benefitted from Hassan’s large-heartedness. As a matter of fact, he used to settle quarrels when differences and ‘head-on-collisions’ were reported to him!”

Agboola also went ahead to describe how the celebrant of the day has been faring since he became the chairman of Abimbola Awoliyi Estate, Oko-Oba in Lagos where he presently lives.

“Hassan is team-player and a man who keeps improving in good-naturedness even as a semi-retired bureaucrat. Residents of Awoniyi Estate will tell his story better. Since he became the chairman some three years ago, living standards have since improved.

“Together with other executive members, the Estate has been winning awards as one of the best in the whole of Lagos State. Solar lights, good roads, fibre-optic-source of internet, faultless security architecture and enhanced sociability…and other achievements have been recorded by the Fatungase-led team.”

Agboola, who was also a pioneer staff at Thisday Newspaper concluded “Dear friends and colleagues, please join me to pray for this quintessential lover of fairness and equity. May Allah continue to be with him, grant him sound health, more prosperity, divine protection and long life. May his wonderful family comprised of ‘Iyalaje’ Doyinsola and the children- Tomisin, Ahmed, Ibrahim and Idris continue to enjoy divine grace too. Happy birthday to our Director at Parrot Xtra Media Network, many happy returns of this day, September 26.”

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‘our silence is not an act of cowardice’ Olugbon Replies Obasanjo




-Ayotunde Ayanda
The Olugbon of Ile-Ogbon, Oba Francis Alao has reacted to the recent public ridicule where former President Olusegun Obasanjo ordered some Oyo monarchs to stand up.
Some people interpreted it as a reprisal of an attack from the Olugbon, Oba Francis Olusola Alao against the former President in a radio interview where the monarch condemned Chief Obasanjo for opposing the ambition of President Bola Tinubu.
Chief Obasanjo was unapologetic as he defended his actions claiming the monarchs disrespected the Oyo State Governor, Seyi Makinde.
The Olugbon in  his response  called  it  an internal issue and hinted it will be addressed in the Oyo Council of  Obas next meeting.
Below is the message from the Olugbon’s palace…
The outburst of former president Chief Olusegun Obasanjo against traditional rulers in attendance at the inauguration of the Iseyin Campus of Ladoke Akintola University of Technology (LAUTECH) on Friday September 15  has generated anger and varied responses from true sons and daughters of Oduduwa in all sections of the society.
First and foremost, I will like to emphasize that the inauguration ceremony was a huge success while the road and campus projects represent another milestone in the development strides of Governor Seyi Makinde who has been working hard to take Oyo State to the next level of development.
All the royal fathers involved understand the pain caused by the incident and appreciate the well-placed reactions.
I wish to state that the incident is an internal affair which will be properly reviewed at the next meeting of the Oyo State Council of Obas and Chiefs.
Let me assure all Yoruba, and other well-meaning Nigerians who have respect for the traditional institution, and who feel concerned about the incident that our silence since Friday is not an act of cowardice. When we sit down with the Governor, and hold our next meeting, we will review and respond appropriately.
Our Governor respects us, and traditional rulers in Oyo State also hold him in high esteem.
I, therefore, sue for calm over this issue.
We want everybody to apply decorum in line with the Omoluwabi ethos for which Yoruba are greatly respected. Ile Yoruba land shall remain peaceful. Our unity is sacrosanct. These ethos must reflect in our day-to-day activities.
Let it, however, be well noted that traditional rulers in Oyo State have no regret in supporting Asiwaju Bola Tinubu and Governor Seyi Makinde in the last election, and will be willing to support them even in the future.
This is the clear position of monarchs in Oyo State. Any other information from anywhere that is contrary to this should be disregarded.
Oba Francis Olushola Alao
Olugbon of Orile-Igbon
Deputy Chairman,
Oyo State Council of Obas and Chiefs
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‘go and make us proud’ Dollar Construction Boss, Idowu Lamidi Tasks New FIRS Boss, Zaccheus Adedeji




Construction guru, Idowu Lamidi has praised the appointment of Zaccheus Adedeji as the acting Chairman of the Federal Inland Revenue Service.
Lamidi who is the Chairman of Dollar Construction described Adedeji’s appointment as the right peg in the right hole.
While speaking with journalists in his Abuja office, Lamidi praised President Bola Ahmed Tinubu, claiming all the appointments he has made so far as an indication of what he wants to achieve and finding the best hands that would make his job easier.
The real estate guru whose company owns the Dollar Estate in Ibadan called Zaccheus a very intelligent man that will turn around the FIRS.
‘not many of us were surprised when the announcement came, we all know what he achieved as the Commissioner for Finance under the late Governor Abiola Ajimobi. He is a brilliant man and he has proved what he is capable of doing at all times. We are happy that President Bola Tinubu is a promise-keeper and he is generous to us in Oyo State. No one can fault any of his appointments because these are qualified people. I wish Mr Adedeji the best and also call on God Almighty to always be with him’.  says  Lamidi.
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