General
Ajimobi Declares 3-day Mourning for Death of Oyo Speaker
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.
By Adedapo Adesanya
The South African Consulate General in Lagos, in partnership with Brand South Africa and the Development Bank of Southern Africa (DBSA), is hosting the 4th edition of the South Africa Focus Week in Lagos, Nigeria, from April 22 – 26, 2026.
The annual platform continues to grow as a strategic initiative aimed at fostering social cohesion between South Africans and Nigerians while positioning South Africa as a preferred destination for business, tourism, and education. Since its inception in 2023, South Africa Focus Week has attracted over 1,500 participants, bringing together stakeholders from across sectors, including trade and investment, arts and culture, tourism, aviation, and the culinary industry.
The 2026 edition holds particular significance as it coincides with the 30th anniversary of South Africa’s democratic Constitution, enacted in 1996, as well as 32 years of unbroken diplomatic relations between South Africa and Nigeria, established in February 1994. These milestones underscore the enduring partnership between the two nations, rooted in shared history and strengthened through formal agreements and ongoing collaboration.
The 2025 economic relationship between South Africa and Nigeria reflects a strategically significant, multi-dimensional partnership anchored in trade, energy security, investment flows, and strong institutional cooperation. While bilateral trade remains structurally imbalanced – with South Africa exporting US$468.48 million and importing $1.69 billion, resulting in a $1.22 billion deficit – this dynamic is largely driven by South Africa’s reliance on Nigerian crude oil, positioning the relationship as one of strategic interdependence rather than imbalance alone.
This partnership is further elevated by the relative economic weight of both countries. According to IMF projections, South Africa’s economy is valued at approximately $443.6 billion, while Nigeria’s stands at around $334.3 billion in nominal terms for 2026. As two of the largest economies on the continent, their bilateral engagement constitutes a central axis of African economic activity, with disproportionate influence on the success of continental integration efforts.
Beyond trade, the relationship is reinforced by deep two-way investment linkages. South African firms -including MTN Group, Shoprite, and Standard Bank – maintain a strong presence in Nigeria, while Nigerian companies such as Access Bank and Paystack have established a growing footprint in South Africa. Although investment flows are asymmetrical and some Nigerian firms have faced operational challenges, these exchanges reflect an emerging bi-directional economic corridor that extends beyond goods trade into services, finance, and digital innovation.
Aligned with Brand South Africa’s mandate to build the country’s global reputation and competitiveness, the week-long programme will convene leaders from government, business, civil society, academia, and the media. Discussions will focus on leveraging the African Continental Free Trade Area (AfCFTA) as a tool for market access and global positioning, with Nigeria serving as a key focal point.
The South Africa Focus Week has features a series of high-level engagements and cultural activities designed to deepen economic ties and promote collaboration: South Africa–Nigeria Infrastructure Investment Conference (April 22, 2026) which was held under the theme South Africa–Nigeria Partnership: Unlocking Infrastructure Opportunities,” the conference will bring together key stakeholders in infrastructure development to explore collaborative projects in road, rail, and transportation systems.
The forum also examined the role of Public–Private Partnerships (PPPs) and facilitated discussions on project financing and implementation with institutions such as the DBSA and Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).
This was followed by the 2nd Economic Diplomacy Roundtable (Thursday, April 23, 2026), which was hosted in partnership with MTN Nigeria under the theme Role of Technology in Infrastructure Development, the roundtable will convene senior government officials, private sector leaders, and industry experts to identify investment opportunities and strengthen strategic partnerships.
Friday, April 24, was for Arts and Culture Experience, which is a dedicated cultural day will showcase Lagos’ creative spaces and features a panel discussion on South Africa’s arts, film, music, and culture. The programme includes a South African film screening, engagements with filmmakers, and a networking reception aimed at fostering collaboration between the creative industries of both countries.
The event continues on Thursday, April 25, with Freedom Day Celebration and Closing Ceremony. This commemorative event will celebrate 30 years of South Africa’s Constitution, 32 years of freedom and democracy, and the enduring diplomatic relations between South Africa and Nigeria. The ceremony will also provide an opportunity to reflect on outcomes from the week and outline future areas of cooperation.
The celebration forms part of Brand South Africa’s Global South Africans Programme, which recognises and connects South Africans in the diaspora as ambassadors of the nation’s values and identity.
The week climaxes with the 4th edition of the South Africa Golf Tournament at Ikoyi Golf Club on Saturday, April 26, 2026, which will be done in partnership with Crossflex International.
According to a statement, the event aims to strengthen people-to-people relations through sports diplomacy, bringing together South African and Nigerian golfers in a spirit of camaraderie and collaboration.
By Modupe Gbadeyanka
The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.
Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.
He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.
After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.
The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.
He is being grilled over the matter and would be arraigned in court once the investigation is concluded.
This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.
The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.
By Adedapo Adesanya
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”
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