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Professor Gabriel Adebayo Omolewu, today would have been your Eighty birthday; we would have loved to roll out the drums in Ile Aragbada, Isemi-Imoba, Okeho, Oyo State; Lagos, Nigeria where many of us his extended family reside and Xenia, Ohio, UnitedStates of America where his immediate family resides. Unfortunately, you bowed to the call of your maker on July 24th 2017 and you were interred on July 29th 2017. With all sense of appreciation to God, you lived a great life.

I am your son on many sides. I am privy to these archival information that your father, late Pa Samuel Aiyedogbon Omolewu and my paternal Grandfather, late Pa Joseph Owolabi Irantiola Ologbin were members of the same society, Egbe Agba in Araromi Baptist Church, Oke-Ogun, Okeho.

Before, the eventual creation of Ife-Oluwa Baptist Church where he was a church leader. Equally, on the maternal side, you were my Grandpa’s classmate, Revd John Adegoke Okesiji, JP, at the Olivet Baptist Boys High School, Oyo, Nigeria. So, I am definitely sure that when you caught wind of my parent’s relationship, you would be extremely glad because you know the pedigree of both families.Despite the distance, you remained a father to hundreds of people till you died.

Your journey in life was not without storms and, in fact, torrential storms. You bravely conquered all the storms. Academically, I heard a story that you were a student at the University of Ife where he resumed with the 1966/67 set but by 1968 he left the university because of some challenges. However, he gallantly scaled the hurdle by completing a four-year curriculum in Wilberforce University, Ohio in two years and he graduated with a degree in Economics; he finally proved the world that any determined man has the potential to reach the peak by having two Masters’ degree and a Doctorate of Business Administration and a Doctorate of Philosophy in Education. I am sure that some people would be of the opinion that it was a mental disorder.

You were the forerunner of many young people from Okeho who desired to seek greener pastures in Lagos. With a sense of brave, you defiled this Yoruba proverb, ibiti agba ba dagba de lomo a baby proceeding to the United States of America in 1976 with your nascent family, during your stint in Lagos, you were a Senior Tutor at Premier College. I would not forget to add that you still created the opportunity for them to join you in the United States. This is rare because many people would assume that the single opportunity that has been created is enough or the ‘golden fleece’ should be for his family alone.

You were a nationalist as far as Okeho is concerned, you were thousands of nautical miles away but close in thought and heart. Before your children became finally independent, you brought them to your country home on various occasions. They knew the community where you were born and raised, they came to their grandfather’s house, and you made them see another side of life. In order to understand that thus far they have enjoyed luxury and peradventure, they had been told that Africa is a dark continent; they would be able to correct that notion.

With a mindset of creating opportunities for others, you established Omolewu Academy in your private home in Okeho. You knew what it meant to be a seasoned Educationist and you were ready to make it affordable by subsidizing it. Also, after the death of your father Pa Samuel Aiyelogbon Omolewu on the 22nd of November 1999, you established an Educational Funds for Medical Students in Okeho, not less than 15 medical students benefited from this good gestures.

You did not stop at that level, you should have been one of the pioneers of American education in Nigeria. You wanted to use your net worth to network an international tertiary institution of repute that would have finally brought Okeho to the world after the renowned Iseyin-Okeho Rising of 1916. You bought 312 acres of land from Imoba Community with the intention to build the university but due to many reasons, you were unable to achieve this dream till you yielded to the call of the Master.

Professor Omolewu, you were a devoted Baptist all your life. From First Baptist Church, Isia, Okeho, Oyo State to Araromi Baptist Church, Oke-Ogun, Okeho to Yaba Baptist Church, Sabo, Yaba, Lagos and from First Baptist Church, Xenia, Ohio where you were a former member and Deacon to Dayton Avenue Baptist Church, Xenia, Ohio. With your ardent Christian faith you summoned the courage to live life after the demise of two sons, Daniel Omolewu in 2011 and Jacob Omolewu in 2013. These were two fatal blows that had crushed the faith of others.

You were blessed with good life no matter short it looked to us because you passed the Biblical 70 years of age.you were blessed with lofty heights in the Wilberforce University, your AlmaMata; you received many laurels such as Faculty Merit Bonus Awards for outstanding teaching and University service; you were received NISSAN fellowship for excellent teaching; you were recognized by the Governor of the State of Ohio for developing and teaching Business Ethics at Wilberforce University and you were recognized by the Wilberforce University Alumni Association for your 26 years of dedicated service to the institution. You wrote many books that will continually be relevant in the area of Business Management that would be used by many generations. You were successful on many fronts; you broke many jinx and records.

I will end this short note with my personal experience, in 2008, I made an attempt at gaining admission into different University in the United States. I was applied to the University of Wisconsin-Madison; he made the first payment of $45 but because the details of the applicant and that of the person who paid was different, the payment could not be reconciled. He made another payment. Unfortunately, the admission was denied. We kept in touch, he wished me well at all times whenever we exchanged e-mails. He told me that he was coming to Nigeria that year and during his last trip to Nigeria in 2015, we were in touch on phone. What more would I want from a father?

Professor Gabriel Adebayo Omolewu, you were the precarious angelic child who set the pace for many people with a crown that brought joy to many faces.This is the honourable exit of a global citizen from Okeho, we will definitely miss your patriotism. Your unfulfilled dream is a passionate dream to fulfil. We would ensure that your footsteps is eternal engrained in Okeho and your dream will become a reality just like that of Martin Luther Kings, Jnr.

 

Your son,

Olutayo IRANTIOLA

5:55pm

13th August 2017

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BIG STORY

UPDATE: Friends Of Late Band Boy Insist “Overnight Beating” Led To His Demise, Not Suicide [VIDEOS]

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Friends and acquaintances of the late 26-year-old Lagos-based guitarist, Lekan, have raised new concerns regarding the circumstances of his tragic death, claiming that it was the severe beating he endured, rather than suicide, that ultimately led to his passing.

Lekan was found lifeless inside his room after allegedly consuming an insecticide liquid, sniper, following accusations of stealing money from his band leader, Sam Omo-Oba.

While initial reports suggested that Lekan took his own life in the wake of the allegations, his friends believe the brutal torture he faced at the hands of his boss is to blame for his untimely death.

According to a close friend of the deceased, who spoke in a video by a social media personality “Dr. Oyinlomo Diamond”, the beating began late at night and continued throughout the following morning.

A friend of the late guitarist also mentioned that there was no Snipper in the room where Lekan was found dead.

Recall that in a video that circulated on social media, Lekan is seen denying the theft allegations while being repeatedly slapped and punched by Sam Omo-Oba and other members of the band.

Despite the physical assault, Lekan maintained his innocence, but it appeared that the torture only intensified after his refusal to confess.

 

See videos below:

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BIG STORY

Nigeria’s Crude Oil Production Now 1.8million Barrels Per Day (BPD) — NNPCL

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The Nigerian National Petroleum Company (NNPC) Limited says Nigeria’s oil production has reached 1.8 million barrels per day (bpd).

According to NAN, Lawal Musa, NNPC chief production war room officer, spoke during a briefing on the national oil company’s production on Thursday.

Musa, who doubles as a senior business advisor to Mele Kyari, NNPC group chief executive officer (GCEO), said the increased oil production followed the continuous dislodgement of pipeline vandals and crude oil thieves.

He said the achievement was based on the partnership between the leadership of the company, stakeholders, and security agencies.

“We achieved this because of the clear mandate by President Bola Tinubu to ramp up crude oil production in the country,” Musa said.

On November 11, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said Nigeria’s current production level, including crude oil and condensates, has reached 1.8 million barrels per day (bpd), up from 1.54 million bpd in September.

Enorense Amadasu, executive commissioner of development and production at NUPRC, said there are plans to raise the figure to 2 million bpd by year-end.

Amadasu said the country’s crude oil and condensate output is expected to increase amid a plan to open bids for 31 onshore and offshore oil blocks.

The next day, the Organisation of Petroleum Exporting Countries (OPEC) said Nigeria’s average daily crude oil production, excluding condensates, increased marginally to 1.33 million bpd in October.

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BIG STORY

FEC Approves $2.2bn Borrowing Plan To Support Economic Reforms

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The federal executive council (FEC) has approved a $2.2 billion external borrowing plan to strengthen the country’s finances and support economic reforms.

Wale Edun, the minister of finance and coordinating minister of the economy, spoke to journalists at the end of the FEC meeting on Thursday, presided over by President Bola Tinubu.

The minister said the financing package will be raised through a combination of eurobonds and sukuk.

He said approximately $1.7 billion is expected from the eurobond offer and $500 million from the sukuk financing.

The minister disclosed that the borrowing would happen this fiscal year, stressing that the ultimate funding arrangement would be decided by market conditions and the transaction adviser’s counsel.

“The first objective is to complete the federal government’s external borrowing programme with the approval of the $2.2 billion financing package, which will include access to the international capital market through a combination of Eurobonds and Sukuk bonds —approximately $1.7 billion from the Eurobond offer and $500 million from Sukuk financing,” Edun said.

“The actual composition of the financing will be finalised once the national assembly has considered and approved the borrowing plan.

“After the external borrowing approval is granted, the funds will be raised as soon as possible within the year.

“The exact combination of instruments will depend on the advice of transaction advisers and market conditions when we decide to enter the market.

“Earlier in the year, we demonstrated the resilience of the Nigerian financial markets and their capacity to handle more complex and sophisticated offerings, such as the domestic issuance of dollar bonds that attracted investors from both Nigeria and abroad.”

Edun said the success of the domestic dollar bond demonstrates the Nigerian financial market’s tenacity.

He said the most recent overseas borrowing was “made possible by the government’s economic agenda, which includes market-based pricing for important economic variables like foreign exchange and petroleum goods.”

The minister said the council also approved the establishment of a N250 billion real estate investment fund with the goal of addressing Nigeria’s housing deficit.

“Approval has been granted for the Ministry of Finance Incorporated (MOFI) real estate investment fund,” he said.

“This fund will serve as the basis for the revival of long-term mortgage financing in the Nigerian economy.

“The MOFI real estate investment fund will initially amount to N250 billion and will provide low-cost, long-term mortgages to Nigerians who wish to acquire homes. It will help address part of the 22 million-unit housing deficit.

“Of course, it will create jobs, stimulate economic growth, and pave the way for other private sector investors to participate in the housing construction industry, with significant benefits for the broader economy.

“The concept is long-term. Investors will have the opportunity to earn market rates of interest and returns on investment, blended with seed funding of N150 billion.”

Edun said the initiative will provide Nigerians with the opportunity to secure mortgages at interest rates significantly lower than the current market rates, which can exceed 30 percent, with tenures that could extend up to 20 years or more.

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