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President Tinubu Hails GTB Founder At 70, Says Fola Adeola Great Asset To The Nation

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, on Wednesday, felicitated his long-time friend and foremost business leader, Mr. Fola Adeola, as he marks his 70th birthday.

He described the Founder of Guaranty Trust Bank as “a great asset to the nation,” extolling his patriotism in “promoting initiatives for the economic advancement of Nigeria.”

Tinubu’s congratulatory message is contained in a statement signed by his Special Adviser on Media and Publicity, Ajuri Ngelale, titled ‘President Tinubu celebrates top business leader, Fola Adeola, at 70.’

Adeola attended Yaba College of Technology, where he obtained his HND in Accountancy. He also received degrees from the London School of Accountancy, the International Institute for Management Development, the Lagos Business School and the Harvard Business School.

Before founding GTB Plc in 1990 (together with Tayo Aderinokun), Adeola was the Deputy General Manager and Divisional Head of the Financial Services Division of the Continental Merchant Bank Limited (1986-1990).

In the public sector, he served as Chairman of the National Pension Commission. He also chaired the Lagos State Disaster Relief Committee set up following the January 27, 2002, Lagos armoury explosion.

He was the Vice-Presidential candidate of the Action Congress of Nigeria, serving as running mate to former Economic and Financial Crimes Commission chairman, Nuhu Ribadu, in the 2011 presidential elections. Mr. Adeola is also the founder and chairman of the FATE Foundation and a member of the Commission for Africa.

Ngelale said, “President Tinubu felicitates Mr. Adeola for reaching the milestone age and for his numerous contributions to the Nigerian business ecosystem by creating jobs, opening up investment opportunities across sectors, as well as promoting initiatives for the economic advancement of Nigeria.

“The President extols the brilliance, integrity, courage, and patriotism of the founder of one of Nigeria’s leading banks, describing him as a great asset to the nation.”

The President wished the top business leader many more years in good health and strength.

BIG STORY

BREAKING: Oyo Governor Approves Appointment Of Canadian-Based Businessman Prince Abimbola As New Alaafin

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After a two-year dispute over the vacant Alaafin of Oyo stool, Governor Seyi Makinde of Oyo State has approved the appointment of Abimbola Owoade, a young Canadian-based businessman, as the new monarch of the kingdom.

 

More to come…

 

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Dismissed Kano SSG Abdullahi Bichi Threatens To Expose Government, Political Figures

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The recently dismissed Secretary to the Kano State Government, Abdullahi Bichi, has threatened to reveal what he described as “explosive evidence” against political figures, accusing them of deceit and betrayal.

Bichi, who was removed from office in December 2024, made the declaration upon his return from Saudi Arabia.

In a viral video shared on Thursday, he addressed his supporters and accused the leaders of betrayal and deceit, saying, “I’m happy I left the office in peace, but let me be clear: this is not the best time to talk. At the right time, we will expose them.”

“I have documents, videos, and voice notes that will show everyone who they really are,” Bichi added.

The former SSG’s strained relationship with Governor Abba Yusuf and his mentor, Senator Rabiu Kwankwaso, became evident after his suspension from the New Nigeria People’s Party (NNPP) on October 14, 2024. Bichi described the leaders as “masters of betrayal,” claiming his evidence would expose their true nature.

Political observers and residents of Kano are speculating on whether Bichi will follow through with his threats, and how it may impact the political landscape in the region.

Bichi was accused of attempting to sever Yusuf’s ties with Kwankwaso’s political influence. He was subsequently suspended from the party alongside then-Transportation Commissioner, Muhammad Diggol.

The State NNPP Chairman, Hashimu Dungurawa, stated that the suspension followed multiple complaints from party leadership at the ward and local government levels.

Dungurawa emphasized that the actions of the suspended officials undermined the party’s leadership and structure.

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DSS Arrests Blogger For Cloning Its Website, Posting Fake Recruitment Notice

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Operatives of the Department of State Services (DSS) have arrested the man responsible for cloning its website and posting a false recruitment notice.

It was gathered that 32-year-old Sylvester Victor Augustus, a native of Abak Local Government Area in Akwa-Ibom State, was apprehended on Thursday at his residence on Akpan Eno Lane in Abak, Abak LGA.

Augustus, who claimed to be a graduate of the University of Uyo (UNIUYO) and worked as a blogger and content creator, had created a fake online recruitment notice on the cloned DSS website, likely intending to defraud unsuspecting members of the public.

The DSS has labeled the notice “fake” and urged the public to avoid falling victim to such fraudulent schemes. Augustus is expected to be arraigned in court soon.

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