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WALE TINUBU: THE GENERAL HOISTS YET ANOTHER VICTORY FLAG

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WALE TINUBU

 

To those who know him, the ability of Jubril Adewale Tinubu, Group Chief Executive, Oando Group Plc, as a strategist and winner has never been in doubt.

His many stories of happy ending has confounded many, leaving even his worst critics to acknowledge the abundance of God’s grace and wisdom in him. His feats as a hugely successful player in the dangerous and turbulent oil and gas sector are acknowledged, while his audacity to face challenges where others have fallen by the way side has made him a role model for starters trying to climb the rope of success.

Call him a soldier and champion, and you wont be wrong. The soldier recently recorded another victory in the volatile business battlefield. Of course, it is no longer news that Tinubu and his company, Oando Plc, have been at logger heads with the Securities and Exchange Commission (SEC) for some years now.

Expectedly, Tinubu had sought justice in the court of law. justice was served and he came out victorious on all fronts, including when Justice Ayokunle Faji, of the Federal High Court sitting in Lagos, on Friday, 5 July 2019, granted leave to him and Oando Plc leave to file a motion for a judicial review of the decision of the SEC.

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The victory on the day was a three-in-one, as the court also granted an order of certiorari for the quashing of SEC’s directive to Oando to convene an extra-ordinary general meeting on or before July 1 to appoint new directors and articulate remedial measures for alleged corporate governance lapses. The court further granted an order of certiorari for the quashing of a press release by SEC on June 1 appointing an interim management team to be headed by Mr Mutiu Sunmonu (the third respondent) to oversee Oando’s affairs.

Two years on, the matter has finally been resolved, with Tinubu, the business’ soldiers’ General hoisting his flag of victory once again. This again, is no surprise to many, it is just another record broken in as tounding manner the champion extraordinaire.

The deal by Oando Plc and the Securities and Exchange Commission (SEC) to end the legal battles was taken in the best interests of the company’s shareholders and the capital market.

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The deal included payment of a sum of money and a commitment by the company to implement improvements in corporate governance.

This latest victory shouldn’t surprise anybody who know the Oando boss well enough. His audacity of hope and self assurance first manifested as a 27-year-old staff in his father’s law firm, when he quit to pursue his own pristine vision. You will recall that he took that audacious decision at a time when it was status symbol to work in your father’s firm.

The mustard seed that was deeped into the soil alongside his friends back then has germinated into an Iroko that not only gives shade to millions of people, but also feeds many millions spread across the world.

Aside his businesses, another aspect of his life that has probably been underreported is his philanthropy. In 2019, he, alongside some prominent Nigerians, visited the IDP camp in Maiduguri, Borno State to attend to the needs of some of the casualties of terrorism. Recently, he also donated books to 15 universities and two national libraries across Nigeria.

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NDLEA smashes international drug syndicate, arrests five suspects

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An international drug syndicate with networks in parts of Nigeria, South Africa and Thailand has been smashed by operatives of the National Drug Law Enforcement Agency (NDLEA).

Also, no fewer than five members of the cartel were arrested in a two-week intelligence led operation in Lagos, Abia and Anambra states following the seizure of their illicit drug consignments at the NAHCO import shed of the Murtala Muhammed International Airport, MMIA, Ikeja Lagos.

This was disclosed in a Sunday statement by NDLEA spokesman, Femi Babafemi, saying the unravelling of the drug cartel started on Sunday 20th April when their cargo of four big suitcases arrived at the NAHCO shed on an Air Peace airline flight from Johannesburg, South Africa.


He said that the first suspect, Umeh Chisom Peter was arrested on Wednesday 24th April after he showed up to pick up two of the suitcases containing Loud, a synthetic strain of cannabis owned by a Thailand-based member of the syndicate, Obum Michael.

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According to Babafemi, the consignment of four parcels was concealed in false bottoms of the two suitcases, while the four suitcases contain a total of 17.6 kilograms Loud and drug candies.

He said another member of the syndicate, Mrs. Chiwendu Uche Ugbe whose South Africa based husband, Aloytus Uche Ugbe sent some of the consignments, was traced to Anambra state where NDLEA officers arrested her on Saturday 27th April while attempting to collect the drug parcels sent to her by her husband.

 

Two other suspects: Onyejakor Francis Chimezie and Naaji Valentine Chukwukere, with links to the cartel, were also arrested in parts of Lagos on Monday 29th April.


He stated that their arrest led to another operation in Abia state where Mrs. Chinazo Osigwe was arrested when she was to pick up some of the parcels containing Loud and drug candies sent by her husband, Osigwe Chidiebere Anthony who is equally operating from South Africa.

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Police arrest 17-year-old, two 18-year-olds, four others for robbery, cultism in Anambra

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Operatives of the Anambra State police command have arrested seven suspected cultists terrorising residents of Awka, the state capital.

The police spokesperson in the state, Tochukwu Ikenga, disclosed this in a statement on Saturday night.

Ikenga, a superintendent of police, said the suspects were arrested at about 10 p.m. on Friday.

 

How they were arrested
The police spokesperson said some police operatives from the Special Anti-Cult Squad were on patrol along UNIZIK Junction in the area on the fateful day.

 

He said that at the junction, the operatives intercepted a tricycle and arrested five male occupants of the tricycle, including its rider.

 

“Operatives in a bid to question them, the occupants took to their heels. While the others escaped, Chukwuemka Ozoekwe was arrested,” he said.

Ikenga said Mr Ozoekwe later led the police operatives to their hideout where two other suspects – Chidozie Anagor, 18, and Chukwuemeka Oyeoka, 18 – were arrested.

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“Also during the raid operation in their harbour, the operatives arrested Ebuka Okoye, 17, Olisa Obi, 19, Chidubem Nwakwu, 20, and Nwankwo Kosisochukwu,” he said.

“During interrogation, the suspects confessed to being members of Vipers Cult Group. They are one of the gangs terrorising Awka metropolis recently.

“The suspects also confessed that they were on a mission to rob the road users of their phones and personal belongings before the arrest,” the police spokesperson added.

 

He said two fleeing suspects – Makuo Nwosu and a yet-to-be-identified male – were declared wanted by the police.

Commissioner speaks
Reacting, the Acting Commissioner of Police in Anambra State, Fidelis Ogarabe, charged the operatives to sustain the fight against criminals in the state, Mr Ikenga said.

 

Mr Ogarabe, the deputy commissioner of police in charge of finance and administration, promised to repay residents of the state for their confidence in the police in the state.

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The acting police commissioner directed that all the suspects should be charged in court upon conclusion of investigations.

 

Background
There have been cult-related attacks and killings in Awka, the Anambra State capital, in recent times.

 

Several persons were reported killed in cult-related attacks in the last two months in the state capital.

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‘It’s false, mischievous’ — EFCC denies releasing list of ex-governors under probe for corruption

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The Economic and Financial Crimes Commission (EFCC), on Sunday, denied the report that it released a list of ex-governors being investigated for alleged corruption.

In a statement by Dele Oyewale, EFCC’s head of media and publicity, the agency described the report as “false and mischievous”.

Citing a report titled “EFCC Releases Full List of 58 Ex- Governors that Embezzled N2.187 Trillion”, the anti-graft agency said the commission neither issued the said list nor entertained discussions on investigation of ex-governors with any news medium.

 

“This invariably means that the so-called list is a disingenuous fabrication designed to achieve motives known only to the authors,” the statement reads.

 

“The public is enjoined to ignore the report as it is false and misleading.

“The media is advised to endeavour to crosscheck facts pertaining to matters under investigation with the Commission to avoid misleading the public with false and inaccurate reports.”

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