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

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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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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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