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Billionaire Businessman, Otedola, Felicitates with Babangida at 80, Recalls Message to Ex-President Jonathan
Billionaire businessman, Femi Otedola, has recalled the role played by former Military President, General Ibrahim Badamosi Babangida, in the political logjam caused by the prolonged sickness of the late president Umaru Musa Yar’Adua in 2010, when he asked former president Goodluck Jonathan to assert himself at their next Federal Executive Council (FEC) meeting by sitting on the president’s seat.
With Yar’Adua failing to formally transfer power to his deputy, Jonathan, when he was flown abroad for medical treatment, there was tension across the nation as a result of the power vacuum, which led to several public protests.
In his forthcoming book on business lessons, scheduled for release in November, Otedola revealed that Babangida had sent a message through him to then Vice President Jonathan, to sit on the empty seat of the President in the next FEC meeting and by implication, send a message to all concerned then that he understood the nuances of power and politics.
Otedola, who joined million other people across the world to felicitate with Babangida, who would be 80 years tomorrow, Tuesday, August 17, Wished the retired general more rewarding years and thanked him also for all that he represented and still represents.
Writing on the need for entrepreneurs to engage with political authorities in one of the chapters of his new book, Otedola maintained that such a relationship would benefit the country.
“Entrepreneurs’ outreach and dialogue with political leaders, among many positives, will ensure stability and social coherence, guaranteeing economic progress.
“Worried by the tension and uncertainty, I decided to do something on my own. In the first week of February 2010, I went to Minna, Niger state, along with Hajia Bola Shagaya, to commiserate with General Ibrahim Babangida over the death of his wife, Maryam.
“At his Hilltop residence, we spoke on a wide range of issues, but I told him I needed to discuss an urgent and vital issue. He took me to his study, where the two of us were alone. I told him that the state of the nation had been agitating my mind,” he stated.
Otedola said he then asked Babangida: “Your Excellency, how can we get out of this logjam? The political heat is too much.
“Calm and resolute, IBB replied: ‘Femi, advise your friend that when he gets to the Council Chambers next week for the Federal Executive Council (FEC) meeting, he should go and sit on the President’s chair.’
“I found that fascinating and assured him I would pass the message across. I travelled back to Abuja by road in the evening and went straight to have dinner with Dr. Jonathan. I did not waste time in delivering General Babangida’s message to him,” he wrote.
Continuing, he added: “He nodded and asked me: ‘What do you think?’ I laughed and said, ‘Be a man, Your Excellency. Go and sit on that chair!’ He looked at me for some time and responded that he would think about it.
“A week later, on Tuesday, February 9, the National Assembly adopted the famous ‘Doctrine of Necessity’ to make Dr. Jonathan the Acting President pending the return of President Yar’Adua from his medical
“Behind-the-scene moves by prominent Nigerians preceded this decision. The legislative resolution was unprecedented, but the nation had been tensed up. The fault lines were so stoked that an unusual solution was needed to address the unique situation.
“With Jonathan now legally empowered to act as President, there remained the critical optics: would he stand-in for the President confidently and authoritatively? Or would he try to maintain a subdued outlook? The following day was the FEC meeting. As Dr Jonathan entered the Council Chamber, he made to sit on the chair of the Vice President—his usual seat.
“As the protocol officer pulled out the VP’s chair, Dr. Jonathan marched towards the seat reserved for the President. And he sat on it! That was the moment Dr Goodluck Jonathan took control of power. By that act, he sent a strong signal to all Nigerians that he was now in charge. The same day, Jonathan even reshuffled the cabinet.”
Yar’Adua died on May 5, 2010, and Jonathan was sworn in as his replacement, going on to win the 2011 presidential elections and serving one term in office.
In the book, Otedola said entrepreneurs must engage with political authorities, because it was only when there was peace that the economy could boom.
He wrote: “While many may see political engagement for entrepreneurs as one-sided—in the sense that only the entrepreneur benefits—the reality is that it could work both ways. I tapped into my political connections to contribute my little quota to resolving a power crisis that almost set the country on fire.
“This example is one of the several instances in which I used my access to the seat of power and political heavyweights to contribute to nation-building and national development. Entrepreneurs need to appreciate the fact that peace for the country is peace for their businesses, too. We need a stable and peaceful country first and foremost.”
ThisDay
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Makinde Ignores Oyomesi’s Rejection, Presents Staff of Office to New Alaafin of Oyo
Governor of Oyo, Mr. Seyi Makinde, on Monday, presented the staff of office to Abimbola Owoade, the new Alaafin of Oyo.
The presentation of the staff and certificate of recognition took place at the Oyo government house in Ibadan.
The governor presented the official instrument legitimising the reign of a king to the new monarch at the Exco Chamber of the Governor’s Office in Ibadan, the state capital.
The symbolic event was performed nearly three years after the death of the former Alaafin, Lamidi Adeyemi III.
On January 10, Makinde announced Owoade as the new Alaafin of Oyo in a statement by the Oyo commissioner for information and orientation, Dotun Oyelade, quoting the governor as approving Owoade as Alaafin following the recommendations by the Oyomesi (kingmakers).
However, some members of the Oyomesi, a few hours later, rejected the appointment of Owoade as the new Alaafin.
They argued that the occupant of the stool is chosen in compliance with the registered Alaafin of Oyo Chieftaincy Declaration of 1967, not by consultation or divination as stated by Makinde.
The kingmakers in the faction include Yusuf Akinade (Basorun), Wakeel Akindele (Lagunna), Hamzat Yusuf (Akinniku), Wahab Oyetunji, warrant chief standing in for the (Asipa), and Gbadebo Mufutau, warrant chief standing in for (Alapinni).
They added that only the Bashorun, head of the Oyomesi, can convene a meeting to elect an Alaafin, arguing that any meeting convened by Makinde was null and void.
Speaking at the event, the governor said the Alaafin’s stool is important not just to Oyo town but to the Yoruba race as a whole.
The governor maintained that he decided not to meddle in the appointment of the new Alaafin because of his administration’s belief in openness and transparency.
He said, “The Alaafin stool is very important not just to Oyo Town or Oyo State but the entire Yoruba race. So, under my watch, I made it very clear that the stool would not be for sale. It is not a stool for us to toil with.
“I met Prince Owoade for the first time in my life yesterday. I never spoke to him in my entire life until yesterday. I did not know his profile or the profile of any of the princes vying for the stool and it was deliberate, because I did not want my opinion to influence the process.
“Let me say this clearly; when we came in 2019, we had challenges with the traditional institution in Ibadanland and it has been resolved to everybody’s satisfaction.
“When it was time for us to approve the selection of Okere, some people came to me and said ‘This is our friend’. They said one person is APC and I said it does not mean anything to me whether you are PDP or APC. Why should my decision be based on political consideration? So, I approved the selection of the Saki kingmakers.
“I always tell people not to kill themselves over politicians, because we see ourselves in the night. We go to each other’s houses. Politics, electioneering is a game. It’s only when you have been elected, then governance becomes a serious business because you will take decisions that will affect millions of people. So, we will not play politics with governance.
“The Alaafin stool became vacant in 2022. We were moving towards election and people said, you have to approve the appointment of Alaafin, otherwise, Oyo people would not vote for you. I said the people should not vote for me but that I would do what was right and Oyo voted for me massively. Oyo will continue to support me.
“Let me also say briefly that those that are still hell-bent on destabilising the traditional institution in Oyo, the government is not letting down. We will prosecute them. The money they collected; they will still be prosecuted except they go to Kabiyesi. If he forgives them, I will also forgive them.”
While congratulating the new monarch, Governor Makinde prayed that his reign would bring peace and progress to Oyo Town, Oyo State and the Yoruba race.
“The coronation would be in four weeks. From today, we have an Alaafin. I congratulate the Alaafin of Oyoland, His Imperial Majesty, Oba Akeem Abimbola Owoade. I pray that your reign shall bring unity to Yoruba race wherever they may be around the world.
“I pray it would also bring progress and development to Oyoland, Oyo State as well as Yoruba race in general,” Governor Makinde added.
In his response, Alaafin Owoade promised to work for the progress of Oyo Town, Oyo State and Nigeria as well as the development of the people.
He thanked the Governor, the Oyomesi and everyone that worked for his selection and assumption of office as the 46th Alaafin of Oyo.
Earlier in his speech, the Commissioner for Local Government and Chieftaincy Matters, Hon Demola Ojo, lauded the Governor for his determination to ensure that the right processes were followed in the selection of the new Alaafin.
He also thanked those involved in the selection process.
In attendance at the event were the Deputy Governor of Oyo State, Barr. Abdulraheem Bayo Lawal; a former Speaker, Oyo State House of Assembly, Senator Monsurat Sunmonu; member representing Oyo East/Oyo West House of Assembly, Hon. Rahman Olorunpoto; Awise Awo Agbaye, Professor Wande Abimbola and his wife, Iyanifa Ajisebo Abimbola; some members of the Oyomesi as well as traditional rulers in Oyo Kingdom.
Top government functionaries in attendance included the Secretary to the State Government, Prof. Olanike Adeyemo; Chief of Staff to the Governor, Otunba Segun Ogunwuyi; Head of Service, Mrs Olubunmi Oni, mni, and the Permanent Secretary, Ministry of Local Government and Chieftaincy Matters, Mr Joel Ajagbe.
Sources: TheCable and Channels TV
Featured
Viral Video: The Okoya Family Comprises Responsible Citizens
Many have been baffled about the recent viral video of the Okoya boys, Subomi and Wahab.
The Viral Video was shot privately to promote a song release ‘CREDIT ALERT’.
Looking at their parent’s life trajectories this unfortunate situation doesn’t accurately represent who the boys are.
Their father, an industrial giant is an easy going man whose passion for his trade has seen him dominating the business landscape over the last 65 years, while their mother whom the high society holds in high esteem as the epitome of brain and beauty is a workaholic who has equally inculcated the virtues of hardwork in all her children with a mantra “money doesn’t fall from the trees, you have to work to earn it’.
The ongoing debates surrounding the viral videos of the Okoya boys alleged abuse of the Naira is not necessary. While I quite agree with the authorities on measures being taken to curtail the abuse of Nigeria’s currency and its integrity, this particular scenario is a private video shot immaturely to promote the young boy’s upcoming song, “CREDIT ALERT’’ as the purpose of the video was simply to promote their music in a style emblematic of western music styles and trends, not necessarily to show off or demean Nigerian law enforcement.
They are young adults who have constantly demonstrated their sense of responsibility as citizens of Nigeria and will continue to uphold the law.
No doubt, the Okoya family comprises responsible citizens of the country, who constantly uphold what Nigeria stands for.
Featured
A Requiem for a Trojan, Chief Olabode Emanuel
By Eric Elezuo
When men pass away, life experiences a definite slow down for as many loved ones as they may have known, but when men like Chief Olabode Emanuel are no more, the entirety of creation is alerted; mourning becomes a case study, and wails as loud as thunder clap are heard from nigh and far. That is because they touched lives indescribably.
That is the story of a titan, who bowed out of a wonderful performance on January 4, 2025, just at the turn of a fresh year, after nine decades of meritorious existence, breaking barriers and churning out one first another another. Bode Emanuel, as he is fondly known, was many things in one package, traversing the world of financial entrepreneurship with ease, and into industrialisation as a construction guru as well as a boardroom wizkid with his glorious spell at UAC’s Grand Cereals, where he retired in 2021.
A proud alumnus of the prestigious St. Gregory’s College, Bode Emanuel is a typical example of he came, he saw and he conquered.
His death as announced by the Old Boys Association of St. Gregory’s College (SGCOBA) though sent shivers down the spines of not a few, was still taken with equanimity and total reverence to the will of Almighty God as a result of the numerous lives his existence touched and turned around. Many hears his name, and smile.
A revered Board of Trustees Member of the institution, the nonagerian, before his demise, was also a Chartered Accountant par excellence, a Fellow of the Institute of Chartered Accountants of England and Wales (ICAEW), and a member of the Institute of Chartered Accountants of Nigeria (ICAN).
The statement announcing his death read: “As a seasoned administrator with vast experience, Chief Emanuel has served as the Chairman of the Board of many local and international corporate organizations.
“These include: BoriniProno & Co. Limited, Trevi Foundations of Nigeria Limited, Foundation Construction Limited, Saipem (Nigeria) Limited, Hogg Robinson Nigeria Limited, and Grand Cereals Limited.
“Aside St Gregory’s College Old Boys Association, he was a board member of, Nigerian Life & Provident Company Limited, Sterling Assurance Company Limited, Macmillan Nigeria Publishers Limited – Publishers of Primary, Secondary and Tertiary Books and Publications in Africa – amongst others. Details on burial arrangements are “to be announced by the family.”
Born on April 20, 1935, Bode Emanuel has either headed or founded several notable business and professional bodies including being a foremost member of the Ikoyi Club, and founding member of the New Partnership for Africa’s Development (NEPAD) Business Group Nigeria, which he rose to become its 4th Chairman in 2022.
Chief Emanuel is survived by a vast array of family members, friends and colleagues, including his beloved wife and confidante, Mrs Anana Bode Emanuel.
The entrepreneur will be sorely missed!
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