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Nigerian-Born Wale Gbalajobi Receives Queen Elizabeth II’s Platinum Jubilee Medal for Exemplary Community Service in Canada

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Nigerian-born Wale Gbalajobi

In a ceremony held at the Siksika Room, McDougall Centre, Canada, the Premier of Alberta, Honourable Danielle Smith, has awarded Nigerian-born Wale Gbalajobi the prestigious Queen Elizabeth II’s Platinum Jubilee Medal for his outstanding volunteer work and leadership in the community. The award ceremony, organized by the Office of the Deputy Premier and Minister of Skilled Trades and Professions, took place on April 28, 2023, in Canada.

The occasion was attended by esteemed guests, community leaders, and representatives from various organizations. The event, like no other, aimed to acknowledge and celebrate the charismatic Gbalajobi’s remarkable contributions to making the community a better place to live, work, raise families, and establish businesses.

Wale Gbalajobi, deeply humbled by the recognition, expressed his gratitude and stated, “I am truly honoured to receive this award. It has been a privilege to serve my community, and I am grateful for this recognition.”

The Queen Elizabeth II’s Platinum Jubilee Medal Award is bestowed upon individuals who have demonstrated exemplary dedication and commitment to improving their communities. Gbalajobi’s remarkable volunteer work and leadership have made a significant impact on the lives of many, uplifting the community and fostering positive change.

The Office of the Deputy Premier and Minister of Skilled Trades and Professions commended the amiable man for his outstanding contributions and congratulated him on his well-deserved achievement. They expressed gratitude for his continued dedication and emphasized the importance of individuals like Wale Gbalajobi in building stronger and more vibrant communities.

This Award ceremony served as a reminder of the power of volunteerism and community engagement. Gbalajobi’s recognition will undoubtedly inspire others to follow in his footsteps, contributing to the betterment of society and leaving a lasting legacy.

For your information, Wale Gbalajobi is a highly accomplished Nigerian-Canadian entrepreneur, financial consultant, and business leader. With degrees in Economics and Political Science from the University of Calgary, he has made significant contributions to the business and financial sectors in both Canada and Nigeria.

As the President of Aquafinancial Consulting Inc., Wale provides wealth management and financial advice to clients, utilizing his vast business experience and entrepreneurial mindset.

His company helped coordinate the business meetings and the round table with the Calgary Economic Development Council during the Olu of Warris trip to Calgary in 2022.

Wale’s entrepreneurial endeavours extend beyond Canada’s borders, as he has helped facilitate the entry of Nigerian businesses into the Canadian market. Notably, he played a crucial role in introducing Oando to the business Exchange communities in Calgary and Toronto during its listing on the Toronto Stock, fostering cross-border collaborations and growth.

His professional qualifications include the Canadian Securities Course (CSC) and the Partners, Directors and Senior Officers Certificate; Wale has earned esteemed designations such as the Fellow of the Institute of Canadian Bankers (FICB) and the Professional Financial Planner (PFP). These credentials highlight his expertise in providing comprehensive financial planning services.

Wale’s career began at the Canadian Imperial Bank of Commerce (CIBC), where he served in various capacities, including Branch Manager. He became the first black person in Calgary to hold such a position at a major bank. Later, he served as the Country General Manager in St. Lucia, overseeing a portfolio exceeding USD 500 million.

Throughout his career, Wale has been recognized for his achievements, receiving multiple CIBC Chairman’s awards and CIBC Achievers Awards for his exceptional performance within the global CIBC network.

Beyond his professional pursuits, Wale is actively involved in community initiatives. He has chaired fundraising efforts for the United Way in Calgary, raising significant funds for local charities. He has also served on the board of Families Matter, a Calgary-based nonprofit focused on strengthening families.

Furthermore, Wale has held leadership positions in organizations such as the Nigerian Canadian Association of Calgary and the Igbobi College Old Boys Association of North America. He also advises various nonprofits in Calgary and the surrounding areas.

He is happily married to Bernie, a CPA, and they have two children.

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Tinubu Seeks Senate Confirmation of Tegbe as Power Minister

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Joseph Tegbe

By Adedapo Adesanya

President Bola Tinubu has written to the Senate seeking confirmation of the nomination of Mr Joseph Tegbe as the Minister of Power in the Federal Republic of Nigeria.

The request, read by the President of the Senate, Mr Godswill Akpabio, during plenary on Tuesday, was conveyed in a letter addressed to the Senate.

President Tinubu, citing Section 147(2) of the 1999 Constitution (as amended), which empowers the President to nominate ministers subject to Senate confirmation, urged lawmakers to give the request prompt consideration.

Last week, Mr Tinubu nominated Mr Tegbe as the Minister of Power, following the resignation of Mr Adebayo Adelabu to pursue a governorship ambition in Oyo State under the All Progressives Congress (APC) in the 2027 polls.

In the same vein, President Tinubu sought confirmation of two other nominees: Ambassador Sola Enikanolaiye as Minister of State, as well as Mr Rabiu Abdullahi Umar as the chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

“The nomination has been transmitted to the Senate for screening and confirmation in accordance with the Constitution,” a statement by presidential spokesperson Mr Bayo Onanuga read in part.

Like his predecessor, Mr Tegbe is from Oyo State. He is a fiscal and economic reform expert with over 35 years of experience spanning the public and private sectors.

A former Senior Partner and Head of Advisory Services at KPMG Africa, he led wide-ranging initiatives in fiscal policy reform, institutional transformation, and governance in that firm.

Mr Tegbe has also advised key government institutions and private sector organisations on strategic reforms, regulatory frameworks, and investment structuring.

Until his nomination, he served as the Director General and Global Liaison for the Nigeria-China Strategic Partnership (NCSP), and was responsible for strengthening bilateral development cooperation between Nigeria and the People’s Republic of China.

Key priority for Mr Tegbe, if confirmed, will be to institute and execute policies that can help fix one of Nigeria’s most crucial sectors.

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Court Orders SERAP to Pay DSS Operatives N100m For Defamation

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serap dss

By Adedapo Adesanya

Justice Halilu Yusuf of the Federal Capital Territory High Court, Abuja, has awarded N100 million in damages against the Incorporated Trustees of the Socio-Economic Rights and Accountability Project (SERAP).

In his judgment, Justice Yusuf held that two operatives of the Department of State Services (DSS) were right to institute a defamation suit against SERAP.

In the suit, filed in the names of the two DSS officials, Ms Sarah John and Mr Gabriel Ogundele, the claimants accused SERAP of making a false allegation that they invaded its office in Abuja on September 9, 2024.

The court also ordered the organisation to tender a public apology to the two operatives, to be published in two national newspapers and broadcast on two television stations.

In addition, the court awarded N1 million against SERAP as the cost of litigation.

The judgment further stipulated a 10 per cent interest on the damages until the sum is fully paid.

The case follows a dispute that began in September 2024 when SERAP alleged that DSS officers “unlawfully invaded” its Abuja office.

In a post on its X account, the group said, “Officers from Nigeria’s State Security Service are presently unlawfully occupying SERAP’s office in Abuja, asking to see our directors.”

It added, “President Bola Tinubu must immediately direct the SSS to end the harassment, intimidation, and attack on the rights of Nigerians.”

The DSS, however, denied the claims.

It said the visit by its officers was routine and meant to engage the organisation’s new leadership.

The officers later sued, insisting that “no invasion occurred” and that the claims damaged their reputation and led to disciplinary action.

However, SERAP maintained its position.

In a later statement, it said, “We stand by our statements of defence and statements on oath,” insisting that DSS officers “unlawfully invaded our Abuja office.”

During court proceedings, witnesses reportedly said no physical assault took place.

SERAP’s Deputy Director, Mr Kolawole Oluwadare, told the court the claims were based on information from a staff member.

Counsel to the DSS officers, Mr Oluwagbemileke Kehinde, urged the court to grant all reliefs, arguing that the claimants had “substantially proved their case.”

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UK Court Freezes Nigerian Oil Trader’s Global Assets Over $40m Debt

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Abdulrahman Musa Bashar

By Adedapo Adesanya

A court in the United Kingdom has taken sweeping action against a Nigerian oil trader, Mr Abdulrahman Musa Bashar, freezing his assets worldwide in a bid to secure repayment of a long-running debt dispute tied to failed fuel transactions.

The order, issued by the High Court in London, prevents Mr Bashar and his firm, Ultimate Oil and Gas FZCO, from selling, transferring, or otherwise dealing with assets across multiple jurisdictions, including Nigeria, the United Arab Emirates, the United Kingdom, and France. The restriction applies up to the value of the outstanding liability, with disclosed holdings estimated at nearly $170 million.

According to Business Day, the dispute traces back to oil trading agreements between 2022 and 2023, when Dubai-based Petrichor Energy supplied gasoil and Jet-A1 aviation fuel to Ultimate.

Court filings indicate that while deliveries were completed, payments were inconsistent and ultimately fell short, leaving the supplier to pursue legal and arbitration routes to recover its funds.

In an attempt to resolve the matter, Mr Bashar entered a personal repayment agreement in early 2024, backing the company’s obligations with his own guarantee.

He also issued a series of signed cheques as security. However, these measures failed to yield results, as the debt remained unsettled and the cheques were rejected upon presentation.

The court’s decision to impose a global freeze was influenced by what it described as troubling conduct during the dispute. Evidence suggested that assets were being sold without proceeds going toward the debt, alongside concerns that not all holdings had been fully disclosed.

The newspaper reported that testimony also pointed to an alleged warning from Mr Bashar that he might move assets out of reach if negotiations broke down, an assertion the court treated as a credible risk of asset dissipation.

The ruling adds to a growing list of legal challenges facing the businessman. He has previously been sanctioned by English courts for failing to comply with orders in a separate commercial dispute, and was also convicted in Dubai, the UAE, in a different cheque-related case.

With the freezing order now active, Petrichor has expanded its recovery efforts beyond the UK, initiating enforcement actions in both the UAE and Nigeria.

The move aims to block any pathways through which assets could be shielded, while also enabling seizure or control where legally permitted.

In a further escalation, the English court has directed two Nigerian-linked companies associated with Mr Bashar to grant access to a Delta State storage facility, allowing the creditor to recover fuel cargoes tied to the unpaid transactions. Failure to comply could trigger additional legal consequences, including contempt proceedings.

Despite ongoing attempts by Mr Bashar and his company to overturn the freezing order, the court has so far declined to lift the restrictions, leaving the enforcement process firmly in motion.

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