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Interview: Battling An Incurable Form Of Cancer changed my view about life… NG Clearing CEO, Farooq Oreagba.

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7 months ago

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The Managing Director of NG Clearing and former Member of the Derivatives Product Advisory Committee of the Nigerian Stock Exchange, Farooq Oreagba, has revealed that being diagnosed with cancer was the best thing that happened to him as it changed his priorities in life.

Speaking on the Morning Show on Arise TV on Sunday, Oreagba, who stole the show at the 2024 Ijude Oba, an annual celebration by the Ijebu people in Ogun State, mentioned that although he is battling an incurable form of cancer, multiple myeloma, he is passionate about giving hope to other cancer patients.

Oreagba said, “I’ve always been a bit of a controversial person, but we’ll not go into that. I think from the moment I was diagnosed with cancer in February 2014—it’s an incurable form of cancer—priorities changed.

“I’ll say this to somebody, and it’s going to sound ridiculous. I’m 58, and if I could live another 20 years, I’ll say being diagnosed with cancer is the best thing that ever happened to me. It changes my perspective on life. What I’m there for. I’m there for it.

“Counselling cancer patients, trying to improve access to better healthcare, I’ll do that all day long.”

He also mentioned that he runs marathons to raise money for cancer charities, just to give people hope.

“I got hope from places I least expected, and from some of those I expected, I got nothing. That’s life, and you learn your lessons,” he said.

Oreagba further spoke about how he has been able to find fulfilment and stay happy despite his health status.

He added, “You don’t know how much time you’ve got; you line up your priorities. For me, it is family first because I don’t know how long I’m going to be around, but by God’s grace, I’m 10 years and counting, and since I’ve been crowned ‘king of steeze’, I’m not about to just go like that anytime soon.

“I’ve been counselling cancer patients for a while. I was diagnosed in February 2014. I had a bone marrow transplant in August 2014. I did chemotherapy every day, 21 days a month, for eight years.

“I don’t do chemotherapy anymore; I’m living my best life; I’m back working. That gives me a sense of fulfilment because people ask me why I am so happy. ‘I’m alive!’ And as long as you’re in the game, you can win the game; each day is a blessing.”

Oreagba also explained how being diagnosed with cancer reduced the number of friends he had.

He said, “One thing I realised is that when I was a senior executive at the exchange in the early 2000, let’s say I had five million friends.

“When I left the exchange in 2010, my five million friends went down to one million. When I was diagnosed with cancer in 2014, my one million went down to a hundred. That was a very important lesson; it’s important that you hold your friends close, keep your 10 toes down all the time, and be yourself.”

Speaking about his tattoos, he stated that they held significant meaning to him and that he had had them for years; hence, they were not curated for the Ojude Oba event.

“People talk about my tattoos; I’ve had tats for years, and I’m very particular about them. I try to make sure that I don’t have a tattoo on my face and that my sleeves are down when I’m in corporate mode.

“Here’s the famous tattoo,” he said, showing his arm, “it says, ‘I live each day as if it were my last. So don’t judge me.’ That says, ‘Only God can judge me,’ he said.

He further explained that he has other tattoos for his kids, some indicating the moment when he had lots of friends. “I’ve got ‘Ride or die.’ These were not curated; they’ve been there for years.”

Discussing the importance of the Ojude Oba, Oreagba described it as a family tradition spanning generations that showcases their heritage and identity.

“Ojude Oba has evolved over the years; I’ve been doing it for 15 years. Within my family, the Oreagba family, my grandfather was the main rider going back to the 1960s; he died in 1967, so we only had one rider. My uncle took over, and he was the main rider from ’67 to ’84.

“It’s a family affair; it’s not about one individual, and it’s a very expensive venture,” he said.

He noted that he sees it as a unifying activity that brings families together, adding that preparations have begun for next year’s edition of the event.

He explained, “It also brings families together because you could have one cousin who wants to ride but can’t afford a horse, and you are all going to wear the same outfit. You have to be considerate of other people, or you must support them.

“But for me, it’s just an expression of who I am. I didn’t choose the clothes; the family did. They’ve started arranging clothes now for what we will wear next year.”

At the event, different groups of people wore matching attire, showcasing that they belonged to the same association. However, Oreagba stated that he doesn’t belong to any group and that the only association he belongs to pertaining to the festivity is the one created by the paramount ruler and the Awujale of Ijebuland.

He said, “The only group that I’m a member of is called the Heritage Group, and it’s a group that was formed by Kabiyesi Awujale.

“I’m not a member of any ‘Egbe’; it is a heavy thing; you have to be back in Ijebu every weekend for meetings; and I have a primary job, which is important to me because that allows me to afford the medication that I have been using.”

He also gave credit to the photographers for how his pictures from the event went viral, stating that it wasn’t planned that way.

“This is a total shock to me. I didn’t nail it; the cameraman nailed it,” he said.

Oreagba added, “The only thing that was curated is that it used to be two men at the front, and this time it was three. I was at the front.

“The outfits are chosen by family members. The entrance: I am one of my grandfather’s oldest grandchildren, and if you look closely, I’m one of the two light-skinned guys as well, but I look exactly like my grandfather. When we leave the palace, we go around town. It’s usually a great feeling when people see me they don’t know who I am, but by looking at me, they just know that I’m an Oreagba.

“My cousins and nephews want to throw horses up and down, but I’m too old for that; if I fall off, my cancer is bone cancer, and if I break a bone, it will never set properly.”

During the interview, he also described his unconventional living arrangement on the beach in Lagos for four years, highlighting his commitment to living life to the fullest despite challenges.

“What I did in my spare time up until last year was that I lived on the beach for four years. I lived in Lagos, on a beach, as my primary home for four years. I did not have a home in Lagos at all. I did not worry about security; I just lived my life,” he added.

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Society

Oniru confers chieftaincy titles on Smith, Idowu, Olorunnimbe, Akintoye others

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52 mins ago

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January 20, 2025

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The Oniru of Iru-land, His Royal Majesty Oba Abdul-Wasiu Omogbolahan Lawal CON [Abisogun II] has announced the conferment of honourary chieftaincy titles on eminent and distinguished citizens of Nigeria.

 

The revered monarch unveiled the shortlist of recipients as part of activities to mark the fifth anniversary of his peaceful reign on the revered throne.

 

Among the esteemed honourees are Iya Oba of Iru Kingdom – Chief (Mrs) Basira Titilayo Smith, Aare Majeobaje of Iru Kingdom – Chief Adeyemi Idowu, Aare So’ludero ofIru Kingdom- Chief Muyiwa Gbadegesin, Ph.D and Erelu Asa of Iru Kingdom – Chief (Mrs) Bolane Austen-Peters, Aare Fiwagboye of Iru Kingdom – Chief Lukman Olayiwola Mustapha, Asoju Oba of Iru Kingdom- Chief Idris Ibikunle Olorunnimbe and Ajiroba ofIru-Kingdom- Chief Adegboyega Hakeem Akintoye.

 

While extending congratulations to the distinguished honourees on behalf of His Majesty and the Oniru-in-Council, High Chief Abayomi Daramola, Balogun of Iru-Land, in a statement revealed that the conferment of titles will be performed on 14th June, 2025 at the palace (Aafin Oba Oniru), Victoria Island, Lagos.

 

The statement read in part, “to mark the fifth-year anniversary of his ascension to the revered throne of his forebears as the 15th Oniru of Iru-land and after a rigorous selection process, His Royal Majesty Oba Abdul-Wasiu Omogbolahan Lawal CON [Abisogun II] – The Oniru of Iru-land upon the recommendation of the Oniru-in-Council, has issued a Royal Decree approving the conferment of respective honouray Chieftaincy titles on the underlisted eminent and distinguished citizens.”

 

 

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Society

‘Not My Property’ – Ex-Petroleum Minister, Diezani Exposes Owner Of Recovered $52.8 Million Loot

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14 hours ago

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January 20, 2025

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Nigeria’s former Minister of Petroleum Resources, Diezani Alison-Madueke, has clarified that she is not connected to the $52.5 million that was recently brought back to the country from the United States of America (USA).

Society Reporters recalls that the federal government on Friday, January 10, announced the receipt of $52.88 million in recovered Galactica assets linked to the former Minister of Petroleum.

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, announced the recovery during a formal signing ceremony of the asset return agreement in Abuja.

Fagbemi explained that $50 million of the recovered funds would be channelled through the World Bank for the development of rural electrification projects.

The remaining $2.88 million, he added, would be allocated to the International Institute of Justice to enhance the justice system and support anti-corruption initiatives.

However, in a statement issued on Sunday, Diezani, who has been residing in the United Kingdom (UK) since departing from Nigeria, asserted that the funds associated with her in the media as illicit gains actually belonged to Nigeria’s oil entrepreneur, Kola Aluko.

Finally responding to the alleged recovery through her attorney, Mike Ozekhome SAN, Diezani maintained that the term “Diezani Loot” is unfounded, as she had no involvement in the circumstances surrounding the forfeiture of the funds by its rightful owner.

Expressing her stance, the former minister stated that the $52.5 million originated from a vessel that was confiscated by the American authorities from Kola Aluko, which was subsequently sold, with the proceeds returned to the Nigerian federal government.

Her disavowal of ownership over the funds was detailed in an extensive press release issued on Sunday by the Chambers of Mike Ozekhome SAN, titled “There is no such thing as Diezani Loot.”

The statement reads: “My chambers makes this intervention in the public domain as Solicitors to Diezani Alison-Madueke (DAM) ,the former Minister of Petroleum Resources, HMPR.

“As her Solicitors, we are fully versed in and conversant with her present ordeal and the entire facts surrounding her matters both here in Nigeria and abroad. So, we write from the vantage position of one that is aware of the cocktail of lies that have been spurned around her cases in the last ten years.

“Many of the narratives are outrightly false; some others sheer outlandish speculations; and most, simply bizzare stories cooked up by her traducers to extract a Shylock’s pound of flesh from her for reasons she does not know and cannot even fathom.

“This intervention therefore seeks to correct this skewed narrative and set the records straight for purposes of history. Many Nigerians often talk about wanting ‘technocrats’ to be involved in governance. They desire that people with character and integrity should join politics.

“We agree with them. However and regrettably too, now and again and many a time, the same people not only allow, but actually join the bandwagon to mob-lynch those who chose to serve the nation.

“And we often do this insidiously, covertly and overtly, even when there is no concrete or even any iota of proof that such public officers ever abused their offices or stole from public coffers.

“It is therefore surprising and of great concern to us, to see the level of sustained vilification of an innocent Nigerian citizen who has not yet been tried and found guilty of any offence known to law by any court of law whether in Nigeria or abroad. The person at the receiving end is Citizen Diezani Alison-Madueke (DAM).”

Mischievous And Cruel
The statement from Ozekhome’s office described the earlier claims about the asset recovery as misinformation and defaming.

It said: “We note with concern the recent deliberate attempt to link her with what has been described as a civil forfeiture of a yacht Galactica, the sale of which was said to have yielded $52.8m to the US government; which sum has since been repatriated to Nigeria.

This is a clear example of the mischievous and cruel sport of tarnishing the image of the lady through a bouquet of consistent, persistent and unrelenting cocktail of falsehoods and misinformation.

“The purveyors of this line of misinformation term it “name-and-shame”. To sell the storyline, the architects ensured they attached Diezani’s name to a recovered yacht which is not in any way linked to her.

“They now falsely termed it “Diezani loot”. Nothing of the sort ever happened. She was never involved in the purchase, use and sale of the said yacht.

“The yacht Galactica, from information readily available in the public domain and in open sources, was purchased by Mr Kola Aluko who had used the vessel until he agreed to its forfeiture to the United States of America.

“The yacht Galactica was neither owned nor ever used by our client. DAM has in fact never set her eyes on the yacht. Kola Aluko is an experienced businessman who had been in business well before DAM came into office as HMPR.

“The only tenuous basis for deliberately linking DAM to the said yacht is the false narrative that the Strategic Alliance Agreements (SAAs) which were entered into between Kola Aluko & Jide Omokore’s Atlantic Energy companies and NNPC, were allegedly corruptly awarded to the said companies by DAM. DAM was not the GMD of the NNPC as so did not and could not have awarded the said contracts.

“We plead, as her lawyers, with all and sundry that she be accorded fair hearing and that the process of these UK court proceedings be allowed to take their natural course to avoid prejudice to her in the ongoing subjudice UK proceedings against her.

”Those purveyors and peddlers who habitually spin these outrightly false, unfounded, defamatory, unintelligent and indefensible narratives to denigrate and humiliate her should please find better use of their time and leave DAM alone.

“Let the law take its natural course without interference. We humbly pray.”

 

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Society

Bisi Onasanya, ex FirstBank MD flees Nigeria to Ghana as EFCC closes in……

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2 days ago

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January 18, 2025

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Bisi Onasanya, the embattled former Managing Director of FirstBank has followed in the steps of Oba Otudeko, the former chairman of FBN Holdings and fled the country.
Onasanya who is expected to appear at the Federal High Court in Lagos on Monday January 20 to answer to the charges brought against him by anti-graft agency, the Economic and Financial Crimes Commission, EFCC, may likely be absent in court as he is currently holed up in Ghana in hiding.

He was spotted at Movenpick Hotel in Accra where he checked in at exactly 8 am on Friday morning.

Society Reporters had earlier reported that Onasanya will be arraigned before Justice Chukwujekwu Aneke for looting over N12.3 billion.

He will be arraigned alongside Otudeko, also the chairman of Honeywell Group who is equally on the run, as well as two others, a former board member of Honeywell Group, Soji Akintayo and a firm, Anchorage Leisure Limited connected to Otudeko.

The quartet committed fraud in tranches of N5.2 billion, N6.2 billion, N6.150 billion, N1.5 billion and N500 million, N6.2 billion and N2.09 billion between 2013 and 2014 in Lagos.

The 13-count charge, filed by EFCC counsel Bilikisu Buhari on January 16, 2025, further claimed that the defendants made and uttered forged documents to deceive the bank.

Specifically, count 1 accused the defendants of conspiring “to obtain the sum of N12.3 billion from FirstBank Limited on the pretence that the said sum represented credit facilities applied for by V-TECH DYNAMIC LINKS LIMITED and Stallion Nigeria Limited, which representation you know to be false.”

In Count 2, it was alleged that the defendants, on or about the 26th day of November 2013 in Lagos, “obtained the sum of N5.2 Billion from FirstBank Limited on the pretence that the said sum represented credit facilities applied for by V TECH DYNAMIC LINKS LIMITED which representation you know to be false.”

The 3rd count claimed that the defendants, between 2013 and 2014 in Lagos, obtained N6.2 Billion from FirstBank Limited on the pretence that the said sum represented credit facilities applied for and disbursed to Stallion Nigeria Limited, which representation you know to be false.”

In the 4th count, they were accused of conspiring to spend the N6,15 billion, out of the monies.

According to the Commission, the offences contravened Section 8(a) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and are punishable under Section 1(3) of the same Act.

Counts 5 and 6 read: “That you, CHIEF OBA OTUDEKO, STEPHEN OLABISI ONASANYA, SOJI AKINTAYO AND ANCHORAGE LEISURE LIMITED on or about 11th day of December 2013 in Lagos, procured Honeywell Flour Mills Plc to retain the sum of N1,5 Billion, which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretense and you thereby committed an offence contrary to Section 18(c), 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.

“That you, CHIEF OBA OTUDEKO, STEPHEN OLABISI ONASANYA, SOJI AKINTAYO, AND ANCHORAGE LEISURE LIMITED on or about the 17th day of December 2013 in Lagos, converted to the use of Honeywell Flour Mills Plc the sum of N500 million only which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretense and you thereby committed an offence contrary to Section 15(2 (b)) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.”

“That you, CHIEF OBA OTUDEKO, STEPHEN OLABISI ONASANYA, SOJI AKINTAYO, AND ANCHORAGE LEISURE LIMITED on or about the 17th day of December 2013 in Lagos, converted to the use of Honeywell Flour Mills Plc the sum of N500 million only which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretense and you thereby committed an offence contrary to Section 15(2 (b)) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.”

The Street Journal

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