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EMERGENCY MILLIONAIRE NEXIM BANK EXECUTIVE DIRECTOR STELLA OKOTETE PLOTS HOUSE OF REPS POSITION

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The current House of Representatives member representing Ughelli Federal Constituency, Rev. Francis Waive may be spending only one term as information available to us indicates that he has not performed since he was elected in 2019. Our findings on Waive revealed that he has only been an apron string of the Deputy Senate President, Ovie Omo-Agege, on whose shoulder he got voted for and takes directives from instead of his constituents. This lacuna we gathered has made the Executive Director (Business Development), Mrs. Stella Okotete who doubles as the caretaker national leader of the All Progressive Congress (APC) to start a discreet campaign to replace the incumbent. The 36years old diehard supporter of Muhammadu Buhari is already oiling her wheel financially towards the 2023 election according to sources in the know. Okotete who owes allegiance more to northern leaders than Urhobo leaders where she comes from is banking on their Fulanis and Hausa politician support to get the APC primary ticket. “Have you ever seen Stella in Urhobo attire? She dresses like those Fulani girls to pass a message that she is for them. All she does including the loans, consultancy, and contracts in NEXIM bank which passes through her table are given to the Abokis while she shares only baskets of rice back home”, stated a source to this online newspaper.

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NDLEA nabs bizwoman, Aishat Ajoke Elediye, for drug trafficking

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A 61-year-old Lagos socialite, Alhaja Aishat Feyisara Ajoke Elediye, has been arrested by operatives of the National Drug Law Enforcement Agency, NDLEA, for illicit drug trafficking.

A statement by NDLEA spokesperson, Femi Babafemi, on Sunday, said the fabric merchant was arrested on Wednesday 1st January 2025 in her mansion at the Okota area of Lagos following the interception of a truckload illicit drug consignment from her staff same day.

Babafemi said the suspect who is known in the drug underworld as “Iya Ruka”, and Alhaja Ajoke in social circle, has her true identity shrouded in mystery for years while she remained on the wanted list of NDLEA for leading one of the drug cartels operating from Mushin area of Lagos.

“The lid was however blown off her invincibility on Wednesday 1st January 2025 when NDLEA operatives acting on intelligence intercepted a white Izuzu truck carrying 44 jumbo sacks containing 1,540 kilograms of imported cannabis and driven by one of her staff, 41-year-old Abideen Adio. Thereafter, the operatives stormed her hideout at 33 Adebayo Oyewole street, off Ago Palace way, Okota, where they arrested her.

Babafemi stated that on the surface, Alhaja Ajoke is a businesswoman who imports fabrics and shoes from China but beneath is a massive illicit drug trade.

She is also recognized as the Iyalaje of Blessing Sisters, an influential club of society women in Lagos.

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Nollywood filmmaker, Emeka Mbadiwe arrested for drug trafficking

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The National Drug Law Enforcement Agency, NDLEA, has arrested Emeka Mbadiwe (Emeka Emmanuel Mbadiwe) a US-trained Nollywood filmmaker and a notorious drug lord in Lagos.

NDLEA spokesman, Femi Babafemi made the disclosure in a statement on Sunday.

According to the statement, the filmmaker and motivational speaker, was arrested in a hotel in Lekki, Lagos, on December 27, 2024.

The statement added that Mbadiwe’s arrest followed the earlier detention of his associate, Uzoekwe Ugochukwu James, at a warehouse in Ajao Estate, Ikeja.

James was allegedly caught retrieving 33 parcels of Loud, a potent cannabis strain weighing 17.30 kilogrammes after the shipment had arrived at Murtala Muhammed International Airport (MMIA) from the United States on December 24, 2024, concealed in wooden boxes.

Also in Lagos, the NDLEA arrested a queen of drugs, 61-year-old Alhaja Aishat Feyisara Ajoke Elediye, a prominent Lagos socialite known as “Iya Ruka,” at her residence in Okota. Her arrest followed the interception of a truck loaded with 1,540 kilogrammes of imported cannabis.

Despite her public persona as a fabric importer, investigations revealed she led a major drug cartel in Mushin, Lagos.

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Alake of Egbaland resigns as Oando chairman, Ademola Akinrele takes over

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Oando Plc has appointed Ademola Akinrele as its board chairman after Adedotun Gbadebo, the Alake of Egbaland, resigned from the position.

In a statement on Friday, Ayotola Jagun, the company’s secretary, said Gbadebo formally notified the board of his decision to step down as chairman and retire as a board member of Oando.

Gbadebo’s resignation, according to Jagun, took effect immediately after Oando’s annual general meeting (AGM) held on December 17, 2024.

“Oba Gbadebo served with unparalleled distinction for over 18 years on the Board, including 12 years as Chairman,” Jagun said.

“Throughout his tenure, he provided steadfast leadership, wise counsel, and a fatherly presence, guiding the company through significant milestones, including several landmark transactions.

“His steady hand and unwavering commitment were pivotal in steering the company through challenges while ensuring growth and resilience.

“The Board and Management of Oando Plc express their deep appreciation to Oba Gbadebo for his remarkable contributions and leadership over the years. His legacy will forever be an integral part of Oando’s story.”

‘AKINRELE HAS EXTENSIVE EXPERIENCE TO MOVE OANDO FORWARD’

Jagun said Akinrele will drive the company’s strategic vision forward, with his extensive experience, which includes working at Agip Plc, Danos & Curole Marine Contractors.

“Mr. Akinrele brings extensive experience and expertise to this role, having previously served as a Non-Executive Director on the Board and as Chairman of the Governance & Nominations Committee,” she said.

“With decades of distinguished service in the legal profession, he is widely recognised as a leading authority in commercial law, litigation, aviation, and maritime matters.

“Mr. Akinrele holds an LL.B (Hons.) from University College London and an LL.M from the University of Cambridge.

“He has also served on the boards of Agip Plc, Danos & Curole Marine Contractors, and other notable institutions.

“His exceptional leadership abilities and capacity to foster consensus among stakeholders position him well to lead the Board effectively.

“The Board is confident that, under his chairmanship, Oando Plc will build on its legacy of excellence and explore new avenues for growth.”

Jagun also announced the appointment of Cosmas Iwueze as an independent non-executive director, effective December 16, 2024.

“Cosmas Iwueze is a seasoned petroleum engineer and business leader with over three decades of experience in the oil and gas industry,” she said.

“Joining Chevron Nigeria Limited (CNL) in 1990, Cosmas rose through positions of increasing responsibility across Reservoir and Asset Management, Commercial Development, Operations, Project Management, and Business Strategy.

“He also gained international experience working with Chevron in California and Angola. Cosmas previously held leadership roles as Business Services Director for Chevron’s Nigeria/Mid-Africa unit, General Manager of Operations, and General Manager of Asset Development and Exploration.

“Notable achievements include securing third-party financing for JV projects and contributing to national petroleum policy development during a secondment to the Nigerian government.

“Prior to retiring in November 2024, Cosmas served as Director of the NNPC/Chevron Joint Venture (JV), overseeing the JV asset development, major projects, as well as oil and gas production with profit and loss accountability.”

Jagun said Cosmos led strategic initiatives at the joint venture, managed multiple general managers, and acted as managing director when required.

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