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Deal Sealed; Lagos Ex Finance Commissioner, Ismail Adewusi Acquires D’Rovans Hotel

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There are strong indications that the family of late businessman and boxing promoter, Chief Francis Ayegbeni has sold their biggest asset, the D’Rovans hotel in Ibadan.

The hospitality haven that once reigned as Ibadan’s biggest entertainment spot in the 80s and 90s made the headlines about a year ago when it was sealed by AMCON over a 46 million naira debt incurred by the late owner.

The hotel situated along Ring Road, Ibadan was under locks for about a year before succour came and it was opened.

A source revealed to Papermacheonline that the family could not raise the money and after series of meetings decided to sell the place.

It is also gathered that the D’Rovans hotel was acquired for an undisclosed sum by a former Commissioner for Finance in Lagos State, Ismail Adebayo Adewusi.

The politician tactically did not want to be linked with the acquisition as the deal was sealed by one of his aides, Sikiru Akiniran who signed all the necessary documents.

A visit to the hotel by Papermacheonline witnessed some movements in and out of the property with hints from neighbours that carpenters, bricklayers and other technical workers come on a daily basis laid credence to a possible renovation of the building.

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Ajimobi’s Eldest Child, Bisola Dies In The UK

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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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EFCC Arrests Top Businesswoman, Aisha Achimugu

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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

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Obasa Missing as Lagos Assembly Sits, Lauds President Tinubu

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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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