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BIG STORY

Mayor Akinpelu’s Diary: Rauf Aregbesola’s Perfidy

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I was a member of the inauguration committee of then Governor Bola Ahmed Tinubu of Lagos State in 1999. Senator Babafemi Ojudu was the chairman. Mr. Rauf Aregbesola, former commissioner for works in Lagos State, two-time governor of Osun State, former minister of interior and now general secretary of the newly formed coalition party, African Democratic Congress (ADC), was also a member.

My recollection of Aregbesola was that of a scruffy looking man, with his ‘tebliq’ trousers. What he had going for him at that time was his capacity as a grassroots mobilizer in Alimosho, the most populated local government in Lagos State.

After the inauguration, Tinubu decided to use Rauf as the arrowhead of a new party structure independent of the Afenifere elders. Thus, he appointed him as commissioner for works and made his office the vehicle to compensate party faithful. The new structure started as BATCO (Bola Ahmed Tinubu Campaign Organization) and later became Mandate Group. The existing structure at the time was the Justice Forum led by Baba Olatunji Hamzat (of blessed memory).

As a result of his appointment as commissioner for works, Aregbesola became very influential. He, Aro Lambo and Tokunbo Afikuyomi were virtually in control of the party. I recall one evening. I was with Governor Bola Tinubu at the guest house. He was using the guest house at Isaac John in Ikeja GRA at the time. While we were discussing in the study room, Aregbesola came in and joined the discussion. At one point, Governor Tinubu asked Aregbesola; “Rauf, have you ever given Mayor Akinpelu a contract?” Aregbesola was surprised. Then he said, “Mayor does not need a contract.” Governor Tinubu then replied, “what do you mean he doesn’t need a contract? These are the guys you should empower.” Aregbesola turned to me and said, “Mayor, we will see later.” After we left the governor, Aregbesola told me that “Mayor, if you need a contract, you have to see me in the office.” I asked when and he said anytime from midnight. “Midnight, why?”, I asked. He replied that it was from midnight that he attended to party faithful. I told him that midnight was too late for me. That was why the contract never happened.

When Asiwaju Tinubu decided to win back the Southwest states that were lost to the Peoples Democratic Party (PDP) as a result of the trickery employed by then President Olusegun Obasanjo, who deceived the leaders of Afenifere into supporting him, it was Alhaji Lai Muhammed, Governor Tinubu’s chief of staff, that he sent forte. Babatunde Raji Fashola who later became governor of Lagos State, replaced Lai Muhammed. Then Asiwaju asked Aregbesola to move to Osun State to contest for governorship. That was how the Oranmiyan movement was formed. The battle was fierce because the sitting PDP governor in Osun State, Olagunsoye Oyinlola, was on ground. After a fierce contest, Aregbesola couldn’t retrieve his mandate until after the Appeal Court judgement. That was how Aregbesola became governor of Osun State.

While he was fighting for his mandate in the court, Governor Tinubu didn’t appoint another person to replace Aregbesola as commissioner for works. That post was kept for him in case he failed at the Appeal Court.

Apart from assisting him in becoming the governor of Osun State, Asiwaju still allowed Aregbesola to control the party machinery in Lagos State. He was that powerful. So powerful that he and late Bayo Osinowo ‘Peperito’ were responsible for Governor Akinwunmi Ambode’s failure to get a second term ticket. They were the ones who influenced his removal. Ambode didn’t have any problem with Asiwaju Tinubu! So, it is not out of place to say that Aregbesola owes his political success to God and Asiwaju Bola Ahmed Tinubu.

How did Aregbesola pay his benefactor back? When he became governor of Osun State, Asiwaju Tinubu influenced the appointment of his cousin, former Governor Gboyega Oyetola (now a minister) as Aregbesola’s chief of staff. After spending his constitutional two terms as governor, Oyetola signified his intention to succeed Aregbesola. Meanwhile, Aregbesola had someone else in mind. Eventually, Asiwaju prevailed on him to allow Oyetola to succeed him. He agreed but was not happy.

Perhaps, because he didn’t support the candidature of Oyetola initially, Aregbesola’s relationship with Oyetola became fractured. Each had his own faction and the party was divided down the line. As the 2023 general elections approached, things became very bad. A bitter Aregbesola held Asiwaju Tinubu responsible for not only imposing Oyetola but also for not calling Oyetola to order. He threw decency to the winds and started attacking his benefactor openly. He was aware that Asiwaju Tinubu was contesting for president but he didn’t care. He joined the ‘Abuja gang’ who were determined to deny Tinubu the presidency.

The shocking aspect of it was when Aregbesola openly humiliated and derided Asiwaju Tinubu. In the presence of his supporters and the media, Aregbesola said, Tinubu did not deserve the respects he accorded him! He said he had realized that Tinubu was playing God and he had asked God to bring him down! Perhaps the most shocking was when he mocked publicly that Asiwaju had started urinating on himself, which was blatant falsehood. Many were astounded at Aregbesola’s latest attitude. Could this be the same Aregbesola? What could Tinubu have done to him to deserve this level of humiliation from him? In truth, Tinubu was not even the cause of the problem. The issue was between Aregbesola and Oyetola. The betrayal was shocking and disappointing. Naturally, there’s bound to be disagreement but the ‘omoluwabi’ in you determines how you show loyalty.

Governor Raji Fashola who was handpicked as chief of staff succeeded Asiwaju Tinubu as governor of Lagos State and was almost denied a second term. When Tinubu‘s predecessor, President Muhammadu Buhari, picked Fashola as minister, the rumour was that Tinubu did not support it initially. Prior to that, some nasty stories emerged in the media, well packaged to rubbish the image of Governor Fashola. Throughout the scenario, Fashola never attacked Asiwaju publicly. Yet, he was hurting. There was an interview he granted in the press where he said “may our loyalty never be tested”. Despite this, Fashola proved to be an ‘omoluwabi’. He never insulted or openly criticised his boss.

Not Aregbesola. He is still continuing with his perfidy. Instead of him finding a way to make amends for his betrayal, he has joined the enemies of Asiwaju Tinubu in the so-called coalition party, ADC. He not only joined the party, he is holding a principal post as the secretary general, boasting that their coalition would stop Asiwaju Tinubu from getting a second term as president!

This is the same Aregbesola that Asiwaju Tinubu met as a struggling party man in 1999 and made a commissioner and later governor of Osun State. Now that Tinubu is president, should a man like Aregbesola be in a gang-up against his benefactor? Aregbesola is a religious man. He should know that no man can repay good with evil and get away with it.

There’s a Yoruba song I would like to share with Aregbesola.

“Kosi’dariji f’eni t’oba da’le”
“Kosi’dariji f’eni t’oba da’le”
“Kosi’dariji f’eni t’oba da’le”
“Ayafi k’o ba’le lo”

In simple terms, there’s no forgiveness for a traitor.

  • Akinpelu is the publisher, editor-in-chief of Global Excellence magazine

BIG STORY

Muslims Working On Fridays Is Unfair While Sunday Is Work-Free — Reno Omokri

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Former presidential aide, Reno Omokri, has urged Nigeria to review its work calendar to reflect the importance of Friday prayers for Muslims, describing the current setup as discriminatory.

In a Facebook video posted on Friday, Omokri argued that before colonialism, Fridays were recognized locally as a rest day for Muslims.

He noted that while Christians enjoy Sunday as a public holiday, Muslims are still expected to work on Fridays, despite its centrality to their religious practice.

As a solution, Omokri proposed an adjustment in working hours. He suggested offices could begin earlier from Monday through Thursday, allowing workplaces to close at midday on Fridays. According to him, this arrangement would make it possible for Muslims to observe Jumu’ah prayers without any drop in national productivity or GDP.

He explained that such a schedule would create a fair balance between Christian and Muslim worship practices within Nigeria’s work structure.

Omokri said:

“I don’t think it is fair for the Muslim Ummah for us to have Friday as a working day in Nigeria. Originally, before colonialism, it was not like that.

“Now we have Sunday as a non-working day and Friday as a working day. I think that we can achieve a compromise. What we can do is that instead of work beginning on Mondays all the way to Friday at 9am or 8am, we can start work at 7:30am on Mondays to Fridays and then on Friday we close at 12 o’clock.

“So the time we are going to lose on Friday we are going to gain it back from Monday to Thursday. So it is not going to affect our productivity as a country and our GDP. And then the Muslim Ummah can close at 12 noon and go for Solat Jumaat. That way, there would be a more equitable balance of our workday lives in Nigeria.”

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BIG STORY

Polytechnic Workers Issue FG 21-Day Ultimatum Over Unpaid Arrears

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The Senior Staff Association of Nigerian Polytechnics (SSANIP) has issued a fresh 21-day ultimatum to the Federal Government, warning of a possible national industrial action if longstanding issues remain unresolved.

The ultimatum, effective from August 27, 2025, followed the conclusion of the union’s 77th General Executive Council meeting held at Audu Bako College of Agriculture in Danbatta, Kano State.

SSANIP demanded the release of a new Scheme of Service, the setup of a committee to renegotiate the 2010 Agreement, payment of owed arrears, and the disbursement of the 2023, 2024, and 2025 Needs Assessment Funds.

The joint communiqué by the union’s President, Philip Ogunsipe, and National Secretary, Shehu Gaya, accused the government of offering nothing more than “lip service” to previously agreed demands.

The statement read:

“The Senior Staff Association of Nigeria Polytechnics (SSANIP) held its 77th General Executive Council meetings between Tuesday, 26th and Thursday, 28th August, 2025 at Audu Bako College of Agriculture, Danbatta, Kano State, where issues affecting the Union and welfare of its members were extensively discussed.”

“Council also observed that despite several efforts to ensure peaceful resolution of the above-stated demands, the government has only paid lip service to the issues. Based on the above, the Union demands immediate action on the listed issues within twenty-one (21) days beginning from today, 27th August, 2025, or we will be left with no option but to withdraw our services across the Nation.”

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BIG STORY

GTCO Increases GTBank’s Paid-Up Capital To ₦504 Billion

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Guaranty Trust Holding Company Plc (NGX: GTCO; LSE: GTCO), today announced that it has increased its investment in its wholly owned Banking subsidiary, Guaranty Trust Bank Limited (“GTBank”) to ₦504 billion through a rights issue subscription for 6,994,050,290 ordinary shares of fifty kobo each made by GTBank for a total consideration of ₦365,850,403,572.67, thus increasing GTBank’s paid-up share capital from ₦138,186,703,485.78 to ₦504,037,107,058.45.

This Capital Injection ensures GTBank’s compliance with the new minimum capital requirement for commercial banks with international authorisation stipulated by the CBN.

The Capital Injection was funded by the two-phased equity capital raising programme recently undertaken and concluded by GTCO Plc with an international fully marketed offering on the London Stock Exchange (LSE) that secured $105 million from high-quality, long-term institutional investors in exchange for 2.29 billion new ordinary shares, making GTCO Plc the first financial services institution in West Africa to dual list on both the NGX and LSE. Launched in July 2024, GTCO’s equity capital programme began with a public offering to Nigerians that raised ₦209.41 billion from 130,617 valid applications for 4.7 billion ordinary shares, fully allotted and evenly split between retail and institutional investors.

Commenting on the recapitalisation of Guaranty Trust Bank Ltd, Segun Agbaje, Group Chief Executive Officer of GTCO Plc, said: “The successful recapitalisation of our flagship banking subsidiary, Guaranty Trust Bank Limited, marks a pivotal step in strengthening the foundation of our Group. With significant new capital secured and the CBN’s recapitalisation directive for Guaranty Trust Bank now fulfilled, we are focused on deepening innovation and service excellence, delivering improved performance, and expanding our footprint across high-growth markets, while upholding the industry-leading standards that define the GTCO brand.”

The additional equity capital will be deployed by GTBank primarily for branch network expansion and asset growth (loans, advances, and investment securities portfolio), fortification of its information technology infrastructure and to leverage emerging opportunities in Nigeria and the operating environments where it maintains banking presence.

Following the Capital Injection, the Company continues to hold 100% of the entire issued and paid-up share capital of the Bank. None of the Directors of the Company has any interest, direct or indirect, in the Bank.

About GTCO Plc

GTCO Plc is one of Africa’s leading financial services institutions with a longstanding track record of strong growth, service excellence, and shareholder returns. The Group operates across banking, payments, asset management, and pension administration in eleven countries, including Nigeria, the UK, and key African markets.

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