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THE PRIVATE WORLD OF NIGERIAN BILLIONAIRE, TAIWO AFOLABI, THE SIFAX BOSS -The Intimate World of His Wife, Folasade – Meet His Twin Brother, Kehinde Afolabi – Why Women Adore Him

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10 years ago

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The chairman of Sifax Group and SAHCOL, Taiwo Afolabi is a well trained professional with over 20 years cognate experience in the maritime and shipping industry. No doubt his wealth of exprience and organizational prudence have remained invaluable

assets to to his business empire. As a seasoned maritime consultant; he is a Fellow of the Nigeria Institute of Financial Management (NIFM), and the Instituteof Freight Forwarders of Nigeria (IFFN), amongst many other professional qualifications he earned over the years which are indications of his exprience and professional status in the industry. Afolabi has attended several courses, seminars and workshops on ports operations and management and other maritimes service related courses both locally and internationally. He has a Bachelor of law Degree from the University of Lagos and also a Solicitor and Advocate of Supreme Court of Nigeria. His exceptional performance and contributions to shipping business and to national economy has earned him an honorary degree and many awards.

WITH WIFE, FOLASHADE

However, little or nothing is known about the Sifax boss’ twin brother, Kehinde Afolabi. Findings by US revealed that Kehinde is a budding businessman and socialite, who enjoys partying a lot. He lives in Egbeda, a suburb of Lagos, and operates a chain of business, one of which is an hotel, Kendallas Hotel in Idimu area. The hotel, formerly known as Lumoja Hotel was reportedly bought for Kehinde by his twin brother. He was said to

have been forced to settle his brother by buying him many properties as well.
Before fortune smiled on him and dramatically transformed him to a multi-billionaire, Taiwo Afolabi lived in Akowonjo for many years. Although, he now lives in a sprawling mansion in Osborne Road, Ikoyi, the Sifax boss still nurses fond memories of his struggling years in his former neighbourhood.

Loved and adored by many society ladies and notable actresses for his generousity, Afolabi is married to Folashade, is a Regional and Town Planning professional, a product of the prestigious Yaba College of Technology who has close to twenty (20) years cognate experience in this field which has taken her through HFP engineering company and Fast Foot Steps construction company between 1989 and 2008.

WITH TWIN BROTHER, KEHINDE

Afolabi, had no doubt, done well for himself in the business world. However, some of his business moves had been dogged by controversy. For instance, the University of Jerusalem doctoral degree holder raised a lot of dust when he bought over SAHCOL sometime ago, following allegations from some quarters that the easy going socialite cum businessman was fronting for some top government functionaries. The allegation has since turned out to be unfounded.

BY: ABEKE OLABODE

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DSS Arrests, Detains Lagos House of Assembly Members Over Obasa’s Removal As Speaker

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3 hours ago

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January 30, 2025

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The last may not have been heard over the crisis rocking the Lagos State House of Assembly as two members of the House, Hon. Lanre Afinni and Hon. Sylvester Ogunkelu are currently being detained at the DSS office in the State.

 

According to an impeccable source from the House, the two are facing interrogation in connection with the removal of Hon Mudashiru Obasa as Speaker.

 

 

Obasa was removed as Speaker by the majority of the members on January 13 and replaced with the former Deputy Speaker, Mojisola Lasbat Meranda.

 

 

In solidarity with their colleagues, the Deputy Speaker, Hon Mojeed Fatai with some other members of the House stormed the DSS office to secure their release.

 

 

Details later…

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EFCC Arrests Ex-NHIS Boss Usman Yusuf

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16 hours ago

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January 30, 2025

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Professor Usman Yusuf, the former Executive Secretary of the National Health Insurance Scheme (NHIS), has been apprehended by the Economic and Financial Crimes Commission (EFCC).

 

Society Reporters reports that The EFCC’s Head of Media and Publicity, Dele Oyewale, confirmed the arrest to Channels Television during a phone interview on Wednesday.

 

 

Professor Yusuf was taken into custody following a raid on his residence by EFCC operatives.

 

 

The Commission has announced that he is scheduled to be arraigned today January 30, 2025.

 

 

This arrest follows a petition submitted to the previous administration under former President Muhammadu Buhari and the Federal Ministry of Health, citing allegations of misconduct and fraudulent activities.

 

 

Professor Yusuf was dismissed from his position in 2019, a decision made seven months after a fact-finding panel from the Federal Ministry of Health recommended his removal due to alleged mismanagement of 919 million Naira.

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Society

Just In: APC expels Rauf Aregbesola

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1 day ago

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January 29, 2025

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The All Progressives Congress, APC, has expelled Rauf Aregbesola, a former Minister of Interior and ex-Osun State Governor, over alleged anti-party activities.

 

Aregbesola, who was a two-term governor of Osun State had been having a running battle with the Osun chapter of the APC in recent times.

 

The disagreement with the APC led him into forming a factional group within the party, known as The Osun Progressive (TOP) which later mutated into the Omoluabi Caucus.

 

 

 

A letter from the APC leadership seen by newsmen on Wednesday officially confirmed Aregbesola’s expulsion.

 

The letter, titled “Allegations of Anti-Party Activities – Conveyance of State Exco Decision to You,” accused him of breaching Article 21 of the party’s constitution, which outlines disciplinary measures for members.

 

The letter read in part, “At the end of the investigation, the State Executive Committee (SEC) considered the report of the Disciplinary Committee. Having carefully reviewed the findings and recommendations, the SEC resolved to approve your immediate expulsion from the APC.

 

 

The decision was predicated on clear evidence of your actions, which undermined the unity and integrity of the party. As a result, you are no longer a member of the APC and must refrain from holding yourself out as one or acting on behalf of the party in any capacity.”

 

More details to come…..

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