Controversy is just like an alter ego for this seasoned Portfolio Manager with extensive experience in research, and popular businessman, Wale Odutola.

Today, the wealthy entrepreneur, who calls the shot at ARM Pensions, is again in the news for yet another wrong reason.

According to SOCIETY REPORTERS, few months back a number of people and the men of the police stormed his Lekki Phase 1 house, protesting against what they called illegal acquisition of their land by Wale Odutola.

One of the protesters had accused the ARM PENSION MD of allegedly using his status and power to forcefully seize their land and already erecting an edifice on it.

The drama, according to a reliable source all happened on 8th April, 2018 when residents started observing massive crowd in protest at the entrance of Wale Odutola’s Lekki premises, chanting and shouting different names which best described him as a fraudulent corporate player, alleging that this is not the first time such is happening.

Report says he has been summoned by the inspector general of police, and already answered to some questioning around same April 2018, when he had to travel to Abuja.

It was also gathered that Wale Odutola’s late father, Chief Odutola was also allegedly involved in the same kind of mess and was severally alleged to be involved in the same land grabbing scandal before his death.

“Wale Odutola is a hero of fraudulent corporate player, a trait he was alleged to have gotten from his late father which made people tag him as a true son of his father” the source spurts.

Adding that, “People gathered at his house, one of the choicest part of Lekki phase 1 on 8th April 2018 shouting and calling him to come out, before he later sneaked out to attend to interrogations with the police”.

Efforts to reach Wale Odutola to hear his side of the story all proved abortive as his MTN number we have wasn’t going through.

We will keep you informed as soon as we lay our hands on more details of his other dealings.

Wale Odutola is currently the Managing Director of ARM Pension Managers (PFA) Limited. Prior to this appointment he had served as the Managing Director of ARM Securities, ARM Properties Plc., as well as ARM Hospitality and Retail Fund where he was responsible for significant improvements in the businesses operating performance.

Wale has a B.Sc. Accounting degree from the University of Lagos and is an Alumnus of the Harvard Business School with over 18 years experience in the financial sector.

Society Reporters

Post Views: 405

Related Topics:ARM Pension bigstory Wale Odutola

Up Next

Osinbajo Inaugurates BUA’s $350m Kalabaina Cement Plant

Don't Miss

‘Your Probe Threat A Vendetta, It Will Consume You’ —- Fayose Tells Fayemi

Click to comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BIG STORY

JUST IN: Education Minister Reverses 18-Year Age Limit For Admission

Published

11 hours ago

November 5, 2024

PorscheClassy News

The newly appointed Minister of Education, Dr. Tunji Alausa, has announced the removal of the 18-year age limit for admission into tertiary institutions in Nigeria.

He also indicated the possibility of a comprehensive review of the nation’s education policy.

However, Alausa made it clear that there would be no reversal of the Federal Government’s decision to invalidate over 22,700 degree certificates acquired by Nigerians from unrecognized universities in neighboring Togo and the Benin Republic.

Speaking at his inaugural ministerial press conference in Abuja on Wednesday, Alausa emphasized that practical education is key to tackling Nigeria’s unemployment crisis. He stated that tertiary institutions must stop producing graduates without ensuring job opportunities for them.

The minister also revealed plans for the federal government to partner with private sector players to provide training opportunities for students and help them realize their full potential.

Additionally, Alausa announced that universities focused on agriculture would be empowered to implement commercial farming practices as part of efforts to address the country’s food security challenges.

More to come…

Post Views: 82

BIG STORY

JUST IN: 114 Released #EndBadGovernance Protesters Arrive Presidential Villa

Published

12 hours ago

November 5, 2024

PorscheClassy News

One hundred and fourteen #EndBadGovernance protesters, including minors and adults acquitted by the Federal High Court in Abuja, have arrived at the Presidential Villa.

The protesters, initially arraigned by the Police Force, were released following a court ruling by Justice Obiora Egwatu.

The case was dismissed at the request of the Attorney General of the Federation (“AGF”), Lateef Fagbemi.

Vice President Kashim Shettima, representing President Bola Ahmed Tinubu, is set to officially receive the released protesters.

They are then handed over to their respective Governors, specifically Uba Sani of Kaduna and Abba Yusuf of Kano.

Ministers present at the State House Auditorium in Abuja for the reception include: Tunji Alausa (“Minister of Education”); Nentawe Yilwatda (“Minister of Humanitarian Affairs and Poverty Reduction”); Balarabe Lawal (“Minister of Environment”) and Tanko Sununu (“Minister of State for Humanitarian Affairs and Poverty Reduction”).

Also, Senior Special Assistant on Community Engagement for the Northwest, Abdullahi Yakasai, is in attendance.

Other dignitaries present are Deputy Senate President Jubrin Barau and Chairman, House of Representatives Committee on Appropriation, Abubakar Bichi.

More to come…

Post Views: 53