Featured

Fed Poly Ede Alumni Appoints Oladosu, Oluga, Abiodun-Afolabi, Popoola, Others As Board of Trustee Members

Published

4 years ago

August 25, 2021

Eric

In a bid to standardise its structure and enhance its global outlook, the Federal Polytechnic Ede Alumni Association has appointed some distinguished members of the body into its Board of Trustees (BoT) seat.

The 10-man BoT member is to be chaired by renowned businessman and politician, Alhaji Sikiru Babson Oladosu, while Mrs. Fadekemi O. Abiodun-Afolabi (PhD), will serve as the board’s secretary.

The appointment of the BoT members was recently ratified by the National Convention/Annual General Meeting of the Alumni body held last month.

Explaining the need for the appointment and constitution of the BoT for the Federal Poly, Ede, Alumni Association, the National President of the ex-students’ body, Mr. Bashir Shittu Olaleye, said the new board will be responsible for the smooth governance and initiation of policies for the purpose of progressive development of the Alumni body.

Among other roles to be performed by the board is to support the strategic campaign plan on major projects that have been earmarked and to influence and facilitate the receipt of gifts and donations towards the Association’s identified projects, since the properties of the Association is vested in the Board of Trustees.

Other members of the BoT include renowned techpreneur, political commentator and founder of the popular Rate Your Leader App, Joel Popoola; House of Representatives member, Hon. (Mrs) Taiwo Olukemi Oluga; Mr Festus Olaifa, and Mr. Kola Bakare.

Others include Barrister Daud Biodun Akinloye, the current Alumni President, Mr. Bashir Shittu Olaleye ; Mr Adejare Sunday Odeleke and Mr Olugbenga Bamidele Oyawa.

According to the Alumni body’s National Executive Council (NEC), the tenure of the BoT members will be for four years, and they can be re-elected by the general meeting.

The BoT chairman, Alhaji Oladosu, Sikiru Babson is an indigene of Ede in Osun State. He had his Higher National Diploma (HND) in Banking and Finance department at the prestigious Federal Polytechnic, Ede, Osun State. Also, he has possessed Post Graduate Diploma in Public Administration from National Open University of Nigeria (NOUN).

Prior to his journey to Higher National Diploma (HND), Alhaji Oladosu had ventured into several businesses; he is a seasoned farmer, entrepreneur, fashion designer and politician of note. As a businessman, he floated the following companies – Blazer Connection Fashion, Blazer Connection Farms, and Blazer Connection Properties.

He has varied working experiences, notable was Sales Representative at Tama Gas and Petroleum, Lagos, Sales Manager at Ecstasy Wears Nigeria Enterprises at Jos in Plateau State. He was also involved in part-time Lecturing in the department of Banking and Finance of Federal Polytechnic, Ede and later concentrated in the Nigerian politics which he was involved prior to completion of his Higher National Diploma.

He is currently the Managing Director of SUNSALAK Engineering Limited and CEO of Blazer Connection Multi-Investment Company. He is happily married and blessed with children.

Mrs. Fadekemi O. ABIODUN-AFOLABI (PhD) was born in Abeokuta, Ogun State but grew up in Ibadan, Oyo State, , where she had her secondary school education at the distinguished St. Anne’s School, Molete and later moved to the School of Science, at Ile-Ife in Osun State. She then proceeded to the Federal Polytechnic, Ede where she graduated in Financial Studies (O.N.D 1995) and Accountancy (H.N.D 1998). She also holds the B.Sc. and M.Sc. degrees in Geography from the University of Ibadan, and another set of B.Sc. and M.Sc. degrees in Accountancy from Saint Monica American University, Cameroon. She holds a master’s in business administration with specialty in Business Law from the National Institute of Business Management in India, and a PhD in Forensic Accounting & Auditing from Charisma University, in the Turks and Caicos Islands, UK. In Canada, she obtained a Diploma in Immigration Consulting,

In 2018, her family relocated to Canada where she joined one of the Global Big 5 Management Consultancy services, Price Waterhouse Coopers (PwC) as the Independence Manager. She presently manages her own firm Bixbite Consults Inc., which provides services such as Business & Financial Management Consulting, Audit & Investigation Services, Canadian Student Recruitment, and Immigration Services.

Joel Popoola is a British citizen of Nigerian descent, the founder of a digital democracy project – Rate Your Leader grew up in Gbongan, Osun State where he had his primary and post-primary education at St Paul’s Anglican Primary School and Community High School Gbongan respectively.

Aside his ND and HND in Financial Studies and Accounting respectively from Federal Polytechnic Ede, Joel holds a master’s degree in Managerial Psychology from the University of Ibadan. He’s a software testing consultant.

Joel, described by a local newspaper in England, Sunderland Echo, as ‘the City Man” in 2019, is an Advance Member of the Institute of Directors, Great Britain and Northern Ireland, currently leading IoD – Special Interest Group Africa for the Institute. He hosted governor Babajide Sanwo-Olu of Lagos State to IoD event in the UK earlier this year, as the first elected leader in Africa to address the Institute since inception in 1903.

And, in 2018, Joel, through one of his companies, Aacle Ltd, initiated the first employability and entrepreneurship training for the student of the Federal Polytechnic, Ede, in conjunction with FPE Alumni Association. This event was at no cost to the alumni or any of the participating students.

Popoola is a full member of the prestigious Chatham House – The International Institute of International Affairs. He is a full member of International Institute of Strategic Studies, an associate member of Rain Cloud, Westminster, a full member, London Tech Advocates and he was welcomed late last year to UK Tech Founders as a full fledge member.

Featured

Strategy and Sovereignty: Inside Adenuga’s Oil Deal of the Decade

Published

2 days ago

January 11, 2026

Eric

By Michael Abimboye

In global energy circles, the most consequential deals are often not the loudest. They unfold quietly, reshape portfolios, recalibrate value, and only later reveal their full significance.

The recent strategic transaction between Conoil Producing Limited and TotalEnergies belongs firmly in that category. A deal whose implications stretch beyond balance sheets into Nigeria’s long-troubled oil production narrative.

For Mike Adenuga, named The Boss of the Year 2025 by The Boss Newspapers, the agreement is more than a corporate milestone. It is the culmination of a long-term upstream strategy that is now translating into hard value barrels, cash flow, and renewed confidence in indigenous capacity.

At the heart of the transaction is a portfolio rebalancing agreement that sees TotalEnergies deepen its interest in an offshore asset while Conoil consolidates full ownership of a producing block critical to its medium-term growth trajectory. The parties have not publicly disclosed the monetary value, industry analysts place similar offshore and shallow-water asset transfers in the high hundreds of millions of dollars, depending on reserve certification and development timelines. What is indisputable, however, is the deal’s structural clarity: each partner exits with assets aligned to its strategic strengths.

For Conoil, the transaction represents something more profound than asset shuffling. It is the validation of an indigenous oil company’s ability to operate, produce, and partner at scale. That validation was already underway in 2024, when Conoil achieved a landmark breakthrough: the successful production and export of Obodo crude, a new Nigerian crude blend from its onshore acreage.

In a country where new crude streams have become rare, Obodo’s emergence signalled operational maturity. More importantly, it shifted Conoil from being perceived primarily as a downstream and marginal upstream player into a full-spectrum producer with export-grade assets.

The commercial impact was immediate. Obodo crude enhanced Conoil’s revenue profile, strengthened cash flows, and materially improved the company’s asset valuation.

For Mike Adenuga, Obodo represented something else entirely: oil income with scale and durability. Producing crude shifts wealth from theoretical to realised. It is the difference between potential and proof.

That momentum was reinforced by Conoil’s acquisition of a new drilling rig, a move that underscored its intent to control not just resources, but execution. In an industry where rig availability often dictates production timelines, owning modern drilling capacity gives Conoil a strategic advantage lowering costs, reducing dependency, and accelerating development cycles. It also enhances the company’s bargaining power in partnerships such as the one with TotalEnergies.

Taken together, the Obodo crude success, the rig acquisition, and the TotalEnergies transaction, these moves materially expand Conoil’s enterprise value. While private company valuations remain opaque, upstream assets with proven production, infrastructure control, and international partnerships typically command significant multiple expansion. For Adenuga, all of these represents a stabilising and appreciating pillar of wealth.

As The Boss Newspapers honours Mike Adenuga as Boss of the Year 2025, the recognition lands at a moment when his oil ambitions are no longer peripheral to his legacy. They are central. In Obodo crude, in steel rigs, and in carefully negotiated partnerships, Adenuga is shaping a version of Nigerian capitalism that privileges patience, scale, and execution over spectacle.

In the end, the most powerful statement of wealth is not net worth rankings or headlines. It is the ability to convert strategy into assets, assets into production, and production into national relevance. On that score, the Conoil–TotalEnergies deal may well stand as one of the most consequential chapters in Mike Adenuga’s business story and in Nigeria’s evolving oil future.

Featured

Peter Obi, Only Life in ADC, Says Fayose

Published

4 days ago

January 10, 2026

Eric

Former Governor of Ekiti State, Ayodele Fayose, says the former presidential candidate of the Labour Party, Peter Obi, is the only life in the African Democratic Congress, ADC.

Fayose made this statement on Friday while fielding questions in an interview on ‘Politics Today’, a programme on Channels Television.

He also said that the Peoples Democratic Party, PDP, is technically no more, adding that it is dead.

The former governor equally said that Oyo State governor, Seyi Makinde, should not be dragged into the woes of the PDP.

He said: “Obi is the only life in ADC; all other people in ADC are semi-existent. If Obi had remained in Labour Party or has gone to Accord Party, he is the only life there. All the other people there, they are not existing. They are old-forces.

“Openly, I supported Tinubu in 2023. I didn’t hide it. Till now I’m still there. I don’t jump. I have said it to you I’m not a member of APC and I will never be.”

DailyPost

Featured

More Troubles for Ahmed Farouk: Dangote Drags Ex-NMDPRA Boss to EFCC over Corruption Claims

Published

5 days ago

January 9, 2026

Eric

The Chairman of Dangote Industries, Aliko Dangote, through his legal representative, has filed a formal corruption petition against the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, at the headquarters of the Economic and Financial Crimes Commission.

This was disclosed in a statement made available to our correspondent by the Dangote Group media team on Friday.

Recall that Dangote had earlier petitioned the Independent Corrupt Practices and Other Related Offences Commission to investigate Ahmed for allegedly spending $5 million on his children’s secondary education in Switzerland. He withdrew the petition a few days ago, even as the ICPC vowed to continue with its investigation.

The statement on Friday said Dangote’s petition to the EFCC followed “The withdrawal of the same petition from the Independent Corrupt Practices and Other Related Offences Commission, a strategic decision aimed at accelerating the prosecution process.”

In the petition, signed by Lead Counsel Dr O.J. Onoja, Dangote urged the EFCC to investigate allegations of abuse of office and corrupt enrichment against Ahmed, and to prosecute him if found culpable.

The petition further stated that Dangote would provide evidence to substantiate claims of financial misconduct and impunity.

“We make bold to state that the commission is strategically positioned, along with sister agencies, to prosecute financial crimes and corruption-related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624) 337,” the petition read.

Onoja further urged the commission, under the leadership of Mr Olanipekun Olukoyede, “To investigate the complaint of abuse of office and corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”