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Ajimobi Declares 3-day Mourning for Death of Oyo Speaker

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By Dipo Olowookere

The Oyo State government has announced the passing away of Speaker of the State House of Assembly, Mr Michael Adesina Olusegun Adeyemo. He died early Friday morning after a sudden illness. He was aged 47.

Governor of the state, Mr Abiola Ajimobi, while reacting to the death of the lawmaker, declared a three-day mourning period, starting from Monday, April 30 – Wednesday, May 2, 2018. He also directed that flags be flown at half mast during the period.

The Governor, who was on official assignment outside the state, had to rush down to Ibadan when the news was broken to him, and headed straight to the Anatomy Department of the University of Ibadan where the late Speaker’s remains were kept.

Mr Ajimobi had a lengthy discussion with the pathologists to ascertain the likely cause of the death and whether it could have been prevented, after which he spoke with the family members and the large number of sympathizers on ground.

Governor Ajimobi described the death as a tragic loss for him and the people of the state.

“I received the news of the untimely passage of my brother, friend and dependable political ally, with grief and utter shock, this morning (Friday).

“He was a fine gentleman and bridge builder, who was committed to the development and progress of the state. His death has left a gaping void that will be difficult to fill,” he said.

The Governor expressed sadness that death had again taken away one of the brightest, dutiful and committed political leaders in the state, who had used his sagacity in piloting the affairs of the Assembly without rancour.

As the leader of the legislative arm of government, with members from different political parties, the governor said that Adeyemo ensured that the relationship with the Executive was very robust.

The governor said, “He was an energetic young man that was always prepared to sacrifice his time, expertise and resources to ensure that the relationship between the Executive and Legislature did not break down at any time, no matter how thorny the issue might be. He was my bridge builder.

“Political leaders from Ibarapa zone deferred to him because of his candour, gentleness, respect and his amiable disposition to all, young and old. He was a rallying point for the Assembly leaders, who held him in high esteem because of his unassuming nature.

“My thoughts and prayers are with his family, honorable members of the House of Assembly, his political associates, friends and loved ones. This is a loss too sudden and tragic for me to bear. My prayer is that his very gentle soul should continue to rest in peace. I will sorely miss him.”

Born into the Adeyemo family of Alaarun Compound in Lanlate, Ibarapa East Local Government Area of the State, he was the first child of the family.

He attended the IMG (Ibadan Municipal Government), Oke Ado, Ibadan for his primary education and was at Celestial Church High School, also in Oke Ado, for his secondary education.

A brilliant man, Mr Adeyemo bagged two University degrees, first at the University of Port Harcourt in Educational Management, graduating in Second Class Upper and at the prestigious University of Ibadan, where he studied Law and graduated in 2004. He practised at the Olujinmi & Akeredolu Law Firm.

With a passion to serve his people burning in him, he made his foray into politics in 2007 and had been a member of the state assembly from 2011 till his death.

He was quite active in the affairs of state and had presided over the plenary session of the House of Assembly on Tuesday, April 24, 2018 before its adjournment till May 3.

Popularly called AMA by friends and associates, the late Speaker who represented the Ibarapa East State Constituency in the State House of Assembly, was sworn in as Speaker of the State House of Assembly on June 12, 2015

Prior to his position as Speaker, he was Deputy Chief Whip of the House, member of Fund Allocation, Works and Transport, Agriculture, Trade and Investment, Appropriation and Public Finance committees of the 7th House of Assembly.

The late Speaker was the Vice Chairman of the Nigerian Conference of Speakers and also the Chairman of the Constitution Review Committee, among Speakers of the States’ Houses of Assembly.

He was a member of the Nigerian Bar Association (NBA) and the International Bar Association. He also served in the executive committee of the Ibadan branch of the NBA as an Auditor and Assistant Secretary.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Tinubu in UAE for 2025 Abu Dhabi Sustainability Week

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Bola Tinubu 2027 presidential election

By Modupe Gbadeyanka

President Bola Tinubu on Saturday, January 11, 2025, left the shores of Nigeria for the United Arab Emirates to take part in the 2025 Abu Dhabi Sustainability Week (ADSW 2025).

He was accompanied by the Minister of Foreign Affairs, Mr Yusuf Tuggar, and other senior government officials.

A statement issued by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that Mr Tinubu was invited for the event by his UAE counterpart, Mr Mohamed bin Zayed Al Nahyan.

He will attend the programme starting from today, Sunday, January 12 to Saturday, January 18, 2025.

However, President Tinubu is expected to return to Nigeria before the end of the summit on Thursday, January 16, 2025.

The event, themed The Nexus of Next; Supercharging Sustainable Progress, is expected to bring together global leaders to accelerate sustainable development and advance socioeconomic progress.

In addition, it will enable policymakers, business, and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and evolve a new era of prosperity for all.

ADSW, a testament to the power of collaboration, has been held annually for over 15 years. It provides a global platform to foster multi-stakeholder cooperation in addressing global challenges and accelerating growth.

It has birthed high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the sustainability agenda worldwide.

At the event, President Tinubu will stress his administration’s reforms, including those related to energy sufficiency, transportation, public health, and economic development.

The Nigerian leader and his entourage will also meet with the emirate’s leadership to discuss issues of interest affecting the two nations.

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Lagos Speaker Mudashiru Obasa Faces Renewed Scrutiny Over Financial Mismanagement

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By Dipo Olowookere

The Speaker of the Lagos State House of ​Assembly, Mr Mudashiru Obasa, remains at the centre of a storm of corruption allegations that have plagued his tenure.

Critics, anti-corruption groups, and opposition leaders have accused him of financial mismanagement, extravagant spending, and abuse of office, yet no substantive action has been taken against him.

Recent reports by People’s Gazette revealed that the 40-member Lagos State House of Assembly, under Mr Obasa’s leadership, spent over N43 billion on “back-up vehicles for honourable members” between January 2023 and the third quarter of 2024.

This expenditure, part of a larger N90.5 billion disbursed for questionable projects, has raised concerns among Lagos residents about the state’s priorities amid widespread economic hardship.

Budget documents showed the Assembly spent about N30.1 billion on vehicles in 2023 and about N13.3 billion in the first three quarters of 2024. Critics argued that these sums, which equate to roughly N1.1 billion per lawmaker, were frivolous.

Mr Obasa has faced allegations of corruptions since early in his tenure, including reports of owning over 60 bank accounts used to misappropriate public funds. In 2019, People’s Gazette reported that the lawmaker conducted suspicious foreign exchange transactions totaling $2.4 million (N1.1 billion). These funds were allegedly funneled through personal accounts and mutual fund investments.

In October 2020, the Economic and Financial Crimes Commission (EFCC) invited the Speaker for questioning over allegations of fraud. Despite evidence of financial impropriety, including allegations of inflated contracts and misappropriated Assembly funds, the EFCC has yet to take decisive action. Protests led by civil society groups like the Civil Society Network Against Corruption (CISNAC) demanding accountability have yielded little progress.

Mr Obasa has consistently denied these allegations. Speaking at a recent plenary, he dismissed claims of spending N17 billion on constructing a gate as “spurious and funny.”

He also refuted allegations of spending N200 million on a nonexistent thanksgiving service, attributing the accusations to political fear-mongering ahead of the 2027 elections.

However, critics have dismissed these defenses as self-serving. A 2020 House panel, composed of Mr Obasa’s allies, cleared him of wrongdoing—a decision labeled a “kangaroo judgment” by anti-corruption advocates.

Prominent anti-corruption campaigner, Mr Olanrewaju Suraju, has urged the EFCC to act on the mounting evidence against Mr Obasa, warning that his actions undermine legislative independence and public trust.

“These revelations justify the urgent need for mechanisms to enforce probity and accountability in public office,” Mr Suraju said.

Despite the scandals, Mr Obasa appears unperturbed and untouchable, with analysts attributing his survival to political connections and an entrenched culture of impunity.

As Lagos State prepares for the 2027 elections, the Speaker’s continued tenure symbolizes a broader challenge of corruption and governance in Nigeria’s political landscape.

Observers now await further developments as pressure mounts on anti-graft agencies to act decisively.

For Lagos residents, however, the scandals highlight a troubling disconnect between political leadership and the needs of the people.

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Nigeria Suffers First National Grid Collapse of 2025

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By Modupe Gbadeyanka

Residents of Nigeria experienced a power outage on Saturday, January 11, 2025, after the national grid collapsed.

It was the first that occurred this year and it happened at about 3 pm today, according to information gathered by Business Post.

Last year, the nation recorded about 12 grid collapse that almost embarrassed the government, which later set up a team to look into the causes of the frequent collapse of the grid.

It was later that today’s incident occurred after power generation went down from 2,111.01 megawatts at 2:00 pm to about 390.20 megawatts by 4:55 pm.

This development caused a cut in power supply in most parts of the country, but the situation has been brought under control, with electricity restored in most affected areas.

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