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Shocker: Litigation Trails Late Billionaire Akindele’s Will

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By Eric Elezuo

Months after his death, things seem to have fallen apart in the household of late respected silent billionaire, Chief Bode Akindele, as a son, Mr Oladipupo Akindele has dragged the other members of the family to court over his will.

According to court papers exclusively obtained by The Boss, Mr Akindele is asking the High Court of Lagos State to among other things grant pre-emptive order restricting 17 respondents from either laying claims to the estate of the late billionaire or execute his will.

The 17 respondents are 1. Most Revd Michael Kehinde Stephen, 2. Prof Wale Tomori, 3. Revd Canon Prof Kolawole T Jaiyeoba 4. Mrs Oluwatoyin Omobola Isemede 5. Mrs Abiola OlabisiAderibigbe 6. Mrs Abiodun Shubulola Duduyemi 7. Mrs Ajoke Braithwaite 8. Mrs Oluyemisi Kofoworola Oladapo 9. Mrs Titilola Oluwabusola Medebor 10. Mrs Afolake Eniola Coker 11. Mrs Ayodele Olabimpe Akindele 12. Mr Mobolaji Akanji Akindele 13. Mrs Mojisola Iyabode Shonibare 14. Mrs Roseline Atema Akindele 15. Miss Samatha Clare Stephenson 16. The Registrar-Probate Registry (High Court of Lagos State) and 17. The Administrator General of Lagos State.

In addition, Akindele is asking for exparte motion against six Nigerian banks where presumably the estates of the late billionaire are domiciled. They include Ecobank Nigeria Plc, Guaranty Trust Bank Plc, Fidedlity Bank Nigeria Limited, First Bank of Nigeria Plc, Zenith Bank Plc and Sterling Bank Plc.

Among the prayers of Mr. Akindele in the originating motion exparte dated October 7, 2020, “a pre-emptive order restraining the 1st to the 15th respondents either by themselves, agents, privies and any members of the Akindele family  or anyone whosoever acting on their behal from dealing with, tampering, taking charges of or controlling and of the assets including shares, immovable or movable properties which belong to or fall within the estate of the late Sir Chief Labode Oladimeji Akindele including but not limited to the companies listed in the schedule attached to the motion in any manner whatsoever pending the claimant/applicant’s compliance with the Lagos State High Court Practice Directions No 2 of 2019 on Pre-action protocoland /or the motion on notice of interlocutory injunction” and “a pre-emptive order restraining the named banks from honoring or giving effect to any mandate and/or instruction from the 1st to 13th respondents in exercise of any right howsoever as the legal or personal representatives of late Sir (Sir) Labode Oladimeji Akindele (deceased).

Delivering his judgment, Justice T. A. O. Oyekan-Abdullahi granted the claimant among others leave to serve all processes filed and to be filed ‘in this’ suit on the 1st to 14th respondents via substituted means to wit by pasting on a conspicuous part of the wall of the family residence located at 61 Marine Road, Apapa, Lagos, as well as issue and serve the concurrent originating process filed ‘in this suit’ on the 15th respondent out of the jurisdiction of the court specifically at Sequent Quernsey Limited, St Julian’s Avenue, St Peter Port, Quernsey.

The court also asked parties to maintain status quo as the case was adjourned to a later date.

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Defence Gulps Lion Share As Tinubu Presents N58.47trn 2026 Budget to NASS

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President Bola Tinubu has presented a budget of N58.47 trillion for the 2026 fiscal year to a joint session of the National Assembly, with capital recurrent (non‑debt) expenditure standing at N15.25 trillion.

Tinubu presented the budget on Friday, pegging the capital expenditure at N26.08 trillion and putting the crude oil benchmark at US$64.85 per barrel.

He said the expected total revenue is N34.33 trillion, projected total expenditure: N58.18 trillion, including N15.52 trillion for debt servicing. The budget is N23.85 trillion, representing 4.28% of GDP.

The budget was anchored on a crude oil production of 1.84 million barrels per day, and an exchange rate of N1,400 to the US Dollar for the 2026 fiscal year.

In terms of sectoral allocation, defence and security took the lion’s share with N 5.41 trillion, followed by infrastructure at N3.56 trillion.

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Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

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Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles. 

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

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Free at Last: Burkina Faso Releases 11 Nigerian Soldiers, Aircraft

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Burkina Faso has released Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country earlier this month, Nigerian officials said.

The release followed a diplomatic intervention by President Bola Tinubu, who dispatched a high-level delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet Burkina Faso’s Military Leader, Ibrahim Traoré, on Wednesday.

In a statement, Alkasim Abdulkadir, Tuggar’s spokesperson, said both sides resolved the matter amicably and secured the release of the Nigerian Air Force pilots and crew.

The soldiers had been held for nearly two weeks after the Confederation of Sahel States (AES) described the aircraft’s landing as an “unfriendly act” carried out in defiance of international law.

The Nigerian Air Force, however, said the crew encountered a technical issue that required a precautionary landing in Bobo-Dioulasso, the nearest available airfield. It said the landing complied with standard safety procedures and international aviation protocols.

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