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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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Insecurity: Akpabio Begs Tinubu to Reinstate Police Orderlies for NASS Members

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Senate President, Godswill Akpabio, has appealed to President Bola Tinubu to reconsider the directive withdrawing police orderlies from members of the National Assembly, citing safety concerns.

Akpabio made the appeal during the presentation of the 2026 budget to a joint session of the National Assembly, by President Tinubu, warning that some lawmakers fear they might be unable to return home safely following the withdrawal.

His said: “As we direct the security agencies to withdraw policemen from critical areas, some of the National Assembly said I should let you know they may not be able to go home today.

“On that note, we plead with Mr. President for a review of the decision.”

President Tinubu, on November 23, ordered the withdrawal of police officers attached to Very Important Persons (VIPs), directing that they be redeployed to core policing duties across the country.

According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, Tinubu issued the directive after a security meeting with Service Chiefs and the Director-General of the Department of State Services (DSS) following heightened security issues in the country.

Under the order, VIPs requiring security are to seek protection from the Nigeria Security and Civil Defence Corps, as the Federal government seeks to boost police presence in communities, particularly in remote areas grappling with insecurity.

Tinubu later reaffirmed the directive on December 10, moments before presiding over the Federal Executive Council, expressing frustration over delays in implementation.

He instructed the Minister of Interior, Olubunmi Tunji-Ojo, to work with the Inspector-General of Police (IGP), Kayode Egbetokun, and the Civil Defence Corps to immediately replace withdrawn escorts to avoid exposing individuals to danger.

“I honestly believe in what I said…It should be effected. If you have any problem because of the nature of your assignment, contact the IGP and get my clearance,” Tinubu said.

“The minister of interior should liaise IG and the Civil Defence structure to replace those police officers who are on special security duties.

“So that you don’t leave people exposed,” he said.

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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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