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EXCLUSIVE: HOW LARA AJANAKU’S ROMANCE WITH WALE BABALAKIN CRASHED HER MARRIAGE! +The Toyin Fagbaye’s Connections…..

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Lara Ajanaku-Fagbayi, is the famous celebrity lady, whose marriage to her husband, Tunde Fagbayi met a brick wall after the death of her husband, following a brief illness in Lagos in 2014.
Lara as she is fondly addressed in the social circle both in Lagos and Abuja, is a woman many see as a go getter, who has taste for high profile men with deep pockets.

It could be recalled that Lara was dating a popular business man sometime last year, but the business man was never reported as people couldn’t find them together at any point in time.

Society Reporters NG can authoritatively reveal that the popular business man is Mr Wale Babalakin, the chairman of Bi-Courtney Construction Company.

Dr. WALE BABALAKIN

According to a very dependable source who is close to both of them, the romance has existed between the two as far back as 2013, before Lara relocated to Nigeria with her family from the United State Of America where her late husband was working as an engineer with AERO.

“They have been an item even before the death of her late husband, but many people don’t know about it. The romance has even caused a lot of issues between Lara and her former in-laws, which almost led to them dissolving their marriage, but due to some family members who tried to settle the differences” our source hinted us.

We gathered further that ever since the death of her husband she has enjoyed many things and trips with Mr Babalakin the ladies’ man whose affection is mostly tilted towards married women.

As at the time we are filling this report, another source hinted us that Wale Babalakin has been responsible for her childrens’ welfare and he never complained because he gets anything he wants from Lara, being her long-time lover.

While some quarters maintain that the romance might lead somewhere good for the duo, some also were of the opinion that Wale Babalakin might drop her like a used tissue real soon, following his dalliance with Bisi Awoniyi, one of his long time staff who is a single mother of one son.

BISI AWONIYI

Lara’s husband Tunde Fagbayi, aged 53, was the elder brother of Toyin Fagbayi, the Abuja based politician and celebrity lady. He was an Aero engineer and practiced in the United States for many years before he relocated to Nigeria with his family. Unfortunately, his marriage to Lara, which produced four girls, crashed as a result constant of interference from Tunde’s younger sisters. And while Tunde was said to have doted on his daughters, he wasn’t exactly fond of their mother. On her own part, Lara did all she could to avoid having anything to do with Tunde.

LATE TUNDE FAGBAYE

The no-love-lost feeling between the couple came to the fore after Tunde’s death. For reasons best known to her, Lara decided to shun his burial ceremony. Her decision was reported to have shocked her in-laws. Lara, who is the younger sister of Tokunbo Ogunsanya, decided it would be best to keep her distance from her husband’s younger siblings. Besides, she is enjoying a relationship with a rich Lagos businessman, Wale Babalakin.

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Society

Mojisola Meranda Resigns as Lagos assembly speaker After Serving For 49 Days!

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Mojisola Meranda has resigned from her position as the Speaker of the Lagos State House of Assembly after serving for only 49 days.

 

Her resignation followed a meeting with several key figures, including Mudashiru Obasa, the former speaker embroiled in controversy, Cornelius Ojelabi, the chairman of the All Progressives Congress (APC), and Lawal Pedro, the Attorney-General of Lagos State.

 

More to come…

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Society

Aisha Achimugu Wins Entrepreneur of the Year Award

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Aisha Achimugu, OFR, an Abuja-based businesswoman and Chief Executive Officer of Felak Concept Group, a firm that is into civil, structural and transportation engineering, is one of the highly respected employers of labour in the country.

 

Undoubtedly, the serial entrepreneur that deals in exploration, production and distribution of petroleum products, has made and continues to make huge contributions to the nation’s economy.

 

She has proved to be someone that matches street smartness with book wisdom.

 

Brick by brick, Achimugu has built a vast layout of opportunities for young Nigerians and has demonstrated that greatness can be earned through diligence and hard work, making her great impact in various sectors.

 

At different times, the Founder and President of SAM Empowerment Foundation has also been duly recognized for her industry and philanthropy within and outside the country.

 

Interestingly, last night Saturday March 1st, at the prestigious Eko Hotel and Suites, Victoria Island Lagos, family, friends and fans shared in the joy of the 51-year-old, who holds a degree in Accounting from the University of Jos and a Master’s in Business Management from the University of Belize, when she bagged the award of Entrepreneur of the Year at the Sun Newspapers Awards ceremony.

 

During the ceremony, many of the distinguished guests were said to have intoned that she would have also won an award for the Philanthropist of the Year, if there was such a category.

 

Indeed, she is not lagging behind in philanthropy, considering that her well documented humanitarian gestures had impacted millions of people and communities in Nigeria over the years.

 

The very elated woman posted on her social media, she acknowledged the award.

She wrote:

‘’The Sun Publishing Limited has proudly recognised me, as the Sun entrepreneur of the year, celebrating my outstanding contributions to business, leadership and social impact.

t’s such an honor to be recognized as The Sun Entrepreneur of the Year 2025

 

As a visionary leader and the President of Felak Group of Companies, I have consistently demonstrated excellence across multiple industries, including engineering, maritime, oil and gas, ICT, and development. My ability to drive innovation while maintaining integrity and business acumen has set me apart as a trailblazer in Nigeria’s entrepreneurial landscape.

 

My recognition is not only a testament to my business expertise but also to my commitment to national development. From my early academic pursuit as a pioneer in Nigeria’s maritime sector, I have made history as the first female transaction advisor for the Ibaka Seaport project. Additionally, my philanthropic efforts have impacted countless lives, reinforcing my dedication to uplifting communities through The Aisha Achimugu Foundation

 

The Board of Editors of The Sun Publishing Limited acknowledged my relentless drive, economic contributions, and unwavering commitment to excellence hence The Entrepreneur of the Year Award bestowed upon me

 

The award was formally presented to me at The Sun Awards 2026 in Eko Hotel, Lagos, on March 1, 2025, in the presence of industry leaders, dignitaries, and well-wishers.

 

Congratulations to myself and all recipients’’

 

In her younger days, she was the envy of some of her friends simply because she easily proved to have known her right from her left when some of them were still tied to their mothers’ apron strings.

 

Much later, when she floated her business, it took her little or no time to prove that she is indeed set out to pursue her dream on the global stage.

 

Though, it was considered an impossible task by some naysayers, she was determined to pursue her ambition of ruling the world with her unwavering doggedness.

 

Today, she rubs shoulders with other world-class and renowned business moguls as she has gradually built her career to the international stage.

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Elegushi to celebrate coronation anniversary with N200 Million Grant for SMEs, students

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In a remarkable show of commitment to community development and empowerment, the Oba Saheed Elegushi Foundation has announced a generous allocation of N200 million to support small and medium-sized enterprises (SMEs) and students in Eti-Osa area of Lagos State. This initiative coincides with the 15th anniversary of His Royal Majesty, Oba Saheed Ademola Elegushi, the Elegushi of Ikateland, who has dedicated his reign to fostering growth and prosperity within his community.

 

In press statement signed by the traditional ruler’s spokesperson, Temitope Oyefeso, he said the foundation’s initiative aims to provide financial assistance and resources to local entrepreneurs and students, helping to stimulate economic growth and enhance educational opportunities.

 

The funding will be distributed through various programs designed to support innovation, entrepreneurship, and academic excellence.

 

Oba Elegushi, who has been a pivotal figure in promoting sustainable development in his kingdom and Lagos State, expressed his deep commitment to uplifting the community.

 

“As I celebrate 15 years on the throne, I am continuing in the tradition of giving back to the society that has supported me. This initiative is a testament to my belief in the potential of our youth and the resilience of our entrepreneurs. Together, we can build a brighter future for our communities,” he stated.

 

This initiative not only marks a significant milestone in the Elegushi monarch’s reign but also reinforces the foundation’s commitment to driving positive change within its area of focus.

 

Oyefeso added that a planning committee, headed by lagos lawyer Dr Muiz Banire, is already working round the clock to ensure a successful celebration for the traditional ruler.

 

Other activities planned to celebrate the milestone anniversary, which holds from 18 – 27 April 2025, include the public presentation of a book on the history of Ikate-Elegushi kingdom, conferment of honorary chieftaincy titles on eminent Nigerians, as well as a cultural festival and an anniversary banquet.

 

Oba Saheed Elegushi was installed as the 21st Elegushi of Ikate kingdom on the 27th of April 2010.

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