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The Ayo Karim Phenomenon (how the Costain boss becomes the toast of other APC contenders)



Costain boss, Ayo Karim now has a rising profile when we talk about the present situation of Oyo state politics.

The ex-British soldier, one of the top contenders for the APC ticket to contest for governorship in 2019 had overnight become the darling of all other contenders.

Pundits have scored him high and in the political order, he has jumped from the rear to the front where his name now comes up in political topics and debates around the state.

Those in the know claimed the 48 year old man has an ace up his sleeve.

A source divulged to papermacheonline that ‘Ayo Ni O’ as he is fondly called is the only prominent APC contender that has not obtained the governorship form.

This move, coupled with his calmness during the meeting between Governor Ajimobi and all APC contenders has raised some questions to the game the young man is playing.

While many believed Karim is in communication with the Governor and is following instructions others think the Costain boss is only playing his cards and following a mode of operation, all the same, he keeps people guessing as to WHAT he knows, WHY he hasn’t collected his form and WHAT his plans are.

With the likes of other strong contenders like Joseph Tegbe who is best regarded as the First Lady, Mrs Florence Ajimobi’s choice, Bayo Adelabu, Niyi Akintola, Soji Eniade and many others Ayo Karim has played his politics to relevance.

A source within the APC squealed to papermacheonline that people believed Karim has the ears of Governor Abiola Ajimobi and a lot of other contenders are reaching out to him, firstly to know his plans and secondly promising him this and that if he can put in a word of favour for them with the Governor.

Among the contestants that reached out to Karim is a legal luminary, a corporate topshot and also a moneybag who hoped working with the young man can lift their chances.

The news that Governor Ajimobi had secretly purchased a form and willing to give a candidate of his choice had intensified the suspense, suspicion and game plans of all the APC contenders in the state.


From Boardroom To Politics, Ex-First Bank Boss Eyes Oyo Governor’s Seat




Adesola Adeduntan, the erstwhile Managing Director of First Bank has been named as one of the would-be successors of the Governor of Oyo State, Seyi Makinde come 2027.


The banker who was allegedly eased out of banking for some undisclosed misdemeanors is claimed to have began consultations as he charts a new path in politics.


Sources hinted that Adeduntan had been interested in an elective position but his participation was measured because of his banking career. But now, the coast is clear and he is already aligning himself with some stakeholders ahead of 2027.


A list of names including Ilaji boss, Dotun Sanusi, Taofeek Arapaja, Stanley Olajide and many more has features as interested minds gunning for the number one seat in Oyo, a list Adeduntan has recently joined.

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Ex First Bank Boss, Afonja Dies In Auto Crash




-Femi Bamgbose


Details have emerged on Monday, 20th May, 2024 regarding the tragic death of a former Chairman of First Bank Plc, Ajibola Afonja.


The 82 year-old man was said to have died in a car accident.


The accident occurred somewhere around Oyo town.


Sources hinted papermacheonline that the former Minister popularly known by his company name ‘IDS’ Integrated Dimensional System was rushed to the University College Hospital, Ibadan where he eventually gave up the ghost.


The news spread like wildfire within the society circle across Oyo State where Afonja was highly revered.


Family sources claimed he would be buried today according to Islamic rites.

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‘How Yahaya Bello Withdrew Almost $1M From Kogi Account To Pay Child’s School Fees’ EFCC boss, Olukoyede




The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that a former governor of Kogi State, Yahaya Bello, transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.


Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.


He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.


“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”



Olukoyede further stated that he personally reached out to Bello, offering him a chance to clarify the situation in a respectful setting within the EFCC office but the ex-governor reportedly declined to cooperate, citing fears of harassment from an unnamed woman.


The EFCC boss added, “I didn’t initiate the case; I inherited the case file. I called for the file, and I said there are issues here.


“On my own, I called him, which I am not supposed to do, just to honour him as an immediate past governor. ‘Sir, there are issues. I’ve seen this case file. Can you just come let us clarify these issues?’



“He said, ‘Ha! Thank you, my brother. I know, but I can’t come. There’s one lady that has surrounded EFCC with over 100 people to come and embarrass me and intimitade me.’


Bello was said to have suggested that the EFCC come to his village rather than conduct an investigation at the agency’s quarters.


“I said if that is the issue, I’m going to pass you through my own gate, and you will come to my floor. We will accord you that respect. I will invite my operatives; they will interrogate and interview you in my own office. What could be more honourable than that to allay the fear?


“You know what he said: ‘Thank you, sir, but can’t they come to my village? Olukoyede added.


The chairman also highlighted the agency’s achievements during his tenure, stating, “We have recovered close to 120 billion and secured over 1,600 convictions in six months.


“I’m so passionate about the need for us to move forward in this country. We need the EFCC to survive. There are so many victims that we have wiped tears off their eyes, people that have been swindled in their millions. Every day, we keep recovering money for victims.”


PUNCH Online reports that the EFCC chairman, Olukoyede, has vowed to resign from his position if Yahaya Bello is not prosecuted.


The EFCC is seeking to arraign Bello on 19 counts bordering on alleged money laundering, breach of trust, and misappropriation of funds to the tune of N80.2 billion.

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