Boss Picks
Billionaire Businessman Sir Kesington Adebutu Unveils State-of-the-Art Hospital
Published
9 months agoon
By
Eric
By Eric Elezuo
The world stood still on July 16 and 18, 2024 as acclaimed philanthropist, Sir Kesington Adebukunola Adebutu, gathered the who’s who in Nigeria politics, health and education to the unveiling of his world class fully equipped hospital, DIAMED CENTRE, in Lekki, Lagos.
The two-fold occasion was separated into the dedication of the building and facilities ceremony, and the official unveiling by the First Lady, Senator (Mrs) Oluremi Tinubu on separate days.
On the first day, the business magnate, who is also the Odole Odua of Yoruba land, and popularly known as Baba Ijebu, began the day with the assemblage of notable preachers of the gospel, who lavished prayers off accomplishments and growth on the business, as the philanthropist extended his business interests to the health sector.
During the brief dedication service held in the Chapel of the hospital, the officiating minister and Prelate of the Methodist Church Nigeria, His Eminence Oliver Aba, who was assisted by other notable officials including the Bishop of Lagos North, Right Rev. Gboyega Ohu; Conference Editor, Methodist Church Nigeria, Very Rev. Olusola Makindipe; Chaplain to the Prelate and Very Rev. Ime Ekpeyong, was praises to God for the wisdom to undertake the venture, and Sir Adebutu for hardening to the voice of wisdom to continue to make provisions for the welfare of the people.
It is worthy of note that the building of the hospital facility is coming barely three years after he commissioned a research centre at the University of Lagos, for the advancement of scientific theories, concepts and ideas.
Located in the Lekki area of Lagos, and coined from the words, Diagnostic and Medical, DIAMED CENTRE the hospital, which is decked with the latest of sophisticated medical gadgets and equipment for diagnosing and nipping ailments in the bud, as well as for treating the ailments within the shortest period of time, and with the highest medical standards in the serene and conducive environment.
In his brief response at the dedication service, Sir Adebutu humbly returned all glory to God, vowing that as long as he still has life in him, he will continue to give back to the society.
Also responding, Adebutu’s daughter, Dr. Abiola Olorede, in whose care the hospital is as the Chief Medical Director, thank God for the gift, and his father, who would not cease to be a prolific helping hand to all and sundry, including his biological children.
Other dignitaries that attended the dedication service are Aare Kola Oyefeso and Aare Dele Momodu.
The centre boasts of eight dialysis machines with floating tables, 160kg weight MRI equipment, the only 3D mammogram equipment in the country among a whole lot.
About 48 hours later, the First Lady, Senator Oluremi Tinubu, in company of the Minister of Health and Social Welfare, Mr. Tunji Alausa; the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi, former President Olusegun Obasanjo, among many others arrived for the official unveiling of the edifice.
SIR (DR) KESINGTON ADEBUTU’S SPEECH
In his welcome address, Sir Adebutu, who os the Chief Executive Officer of Premier Lotto Limited and Founder Kesington Adebukunola Adebutu Foundation (KAAF), reiterated his vow to continue dishing out good deeds until his last breath.
He also went down memorylane to recall how the journey began, and also extended appreciation to notable personalities that made the project a reality including former governor of Lagos State, Mr. Babatunde Fashola.
He said: “I thank His Excellency Babajide Sanwo-Olu and other state actors, for making it to be a part of this commissioning ceremony. We would not forget this gesture in a hurry. It would amount to an act of ungratefulness not to acknowledge the invaluable assistance rendered by the former Governor of Lagos State, His Excellency Raji Fashola SAN during the perfection of tightening of this land.
“On a Wednesday I went to him, I put across my problem. He made a call but I didn’t know whom he was speaking to but within 48 hours, everything was perfected. We all have a collective responsibility to bring back the good old days. Indeed our various past is one of the centage that motivated the setting up of Diamed Centre.
This ceremony being the commissioning of Diamed Hospital for my daughter, Dr. (Mrs.) Abiola Olorede, in whom I am much pleased as I am equally to all that the good Lord has given to me to father and mentor. I must appreciate the First Lady of the Federal Republic of Nigeria, Her Excellency Distinguished Senator Oluremi Tinubu CON, who despite very tight schedule has come all the way to commission this project.
“I told people that my association with the Tinubus dated back over two decades; Mummy, I thank you very much.
“I cannot but acknowledge my friends and all invited guests, especially the traditional rulers. I thank you all for gracing this occasion, and I wish us God’s peace in our various undertakings.
“But before I take my seat, I thank God Almighty for all his mercies on my family. Many people work harder than us, not having the grace, not having the fraction but by the mercies we are having from God. When we started this project, we made a budget. The budget went up by 50/100 percent, it got to a stage when I thought perhaps the project would be grounded, but for His mercies to my family, everything went through and today, we created this convenience, we thank God.”
FIRST LADY, OLUREMI TINUBU’S SPEECH
Also in her speech, the special guest of honour, Senator Tinubu acknowledged Sir Adebutu for his mentorship lifestyle, thanking him for being a source of inspiration to mankind.
She said: “I am delighted to be here today at the commissioning of Diamed Centre, here in Lekki, Lagos State.
“I am here to honour a great man who is also a member of the Board of Trustees of the New Era Foundation, Sir Dr. Kesington Adebukunola Adebutu CFR, an industrialist, a renowned philanthropist and business mogul. As we gather in this multi-specialist centre, we are not just here to commission a building, but we are ushering in a new era of advanced medical care and innovation in Nigeria. I must say that proper diagnosis is the bedrock of quality health care delivery, therefore, this facility will further strengthen Nigeria’s effort in repositioning the health care sector, and aid quality health care delivery for Nigerians; this truly gladdens my heart.
“This event is also crucial as advanced imaging services plays crucial role in timely diagnosis. I congratulate the entire board, management and staff of Diamed Centre, particularly the chairman of Diamed Centre, Dr. Kesington Adebutu CFR for this noble endeavor and the very many humanitarian activities you have embarked upon over the years for the greater good of our beloved country. I thank you sir and I celebrate you.
“As I was informed, the vision and mission of Diamed Centre and its position to offer comprehensive evidence-based medical services across various specialties and its mission in the four point agenda in the Federal Ministry of Health and Social Welfare, which are;
1. Improving governance and leadership
2. Improving population health outcomes
3. Medical industrialization unlocking valid chains
4. Health security enhancing medical preparedness.
“A dream towards obtaining universal health coverage in package of health care that is efficient, effective and affordable is the responsibility and duty of all. This dream cannot be attained without engaging the private sector and the full activation of health insurance. Public -private partnerships stands at the forefront of this transformative efforts, merging resources and expertise to elevate care standards.
“As we look to the future, collaborations across sectors, borders are necessary to drive innovations, share knowledge and to improve patient outcome. Diamed Cenre exemplifies what can be achieved when we work together; the government, the private sector and the educated health care professionals.
Once again, I congratulate the chairman, the entire board, the CEO, management and the staff of Diamed Centre. Please continue to raise the standard even as new grounds are explored in medical technology. May this center serve as a place of healing and hope for many years to come. God bless you all and God bless the Federal Republic of Nigeria.”
In a goodwill message, the Chief Executive Officer of Wema Bank, Moruf Oseni, remarked that “It is a thing of pride to witness, especially as we at Wema Bank started our relationship with DIAMED almost a decade ago. I wish you great success.”
In her usual characteristics, Tinubu while cutting the tape to signify the opening to business of the facility, offered a short prayer of thanks to God, and expressing delight at the remarkable wonder, saying “We thank God for this wonderful facility. We pray that all those brought in here would be healed. I commission DIAMED Centre to God and to Nigerians, our neighbours, Africa and the world.
In his vote of thanks, the Chief Medical Director, Mrs Olorede expressed high level appreciation to her dad and immense gratitude and delight at being an integral part of the momentous occasion, saying “It is a thing of immense gratitude to the Lord, and a great delight to have the privilege of being part of this exciting ceremony.”
THE DIAMED CENTRE
The Diamed Centre is a four storey building of five floors, sitting on a magnificent expanse of land in the heart of Lekki, accommoting state of the art equipment for easy and speech diagnosis and healing of diverse ailments.
On the Ground floor are the PHARMACY, CHAPEL, EMERGENCY WARD, IT-SECURITY UNIT, KITCHEN, and STAFF QUARTERS.
On the first floor are RECEPTION FOR RADIOLOGY DEPARTMENT, MAMMOGRAM, CONSOLE ROOM, X-RAY ROOM, IMMUNOLOGY UNIT, MAGNUMS FOR BLOOD SAMPLES and more.
The second floor is home to CONFERENCE ROOM, BOARDROOM, PEDIATRIC CONSULTING ROOM, OUTPATIENTS ROOM, OPHTHALMOLOGY SUITE, CONSULTING ROOM, VIP CONSULTING ROOM, WAITING ROOM and PROCEDURE ROOM.
On the third and fourth floors are found the ADMINISTRATION OFFICE, DOCTORS QUARTERS, OPERATING ROOM 2, POST OPERATING ROOMS, PHYSIOTHERAPY ROOMS AND EQUIPMENT, DENTAL DEPT, ICU ROOM, VIP (DIAMOND) WARD, PLATINUM WARD, DIALYSIS ROOM and the offices of the Chief Medical Director and her personal staff.
Without an iota of doubt, the Diamed Centre is massive idea turned to reality, and boosts of budding, energetic and thoroughbred doctors such as Dr. Williams Uwalaka. There’s also a superb facility manager, Mr. Joseph Aderoju, in charge of the equipment and facilities.
The world hails Sir (Dr) Kesington Adebukunola Adebutu for his giant strides in health, education and general welfare.
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Boss Picks
Man of the Year: Adedeji Adeleke Bags More Laurels
Published
5 days agoon
April 14, 2025By
Eric
By Eric Elezuo
He is renowned. He is distinguished. He is a symbol of entrepreneurial intelligence. He is a master of laurels, honours and awards. He is the 2024 Vanguard Personality of the Year, among of host of recognitions. He is Dr. Adedeji Adeleke, the Chairman, Pacific Holdings Limited.
With a retinue of friends, family members, colleagues, associates, staff and well wishers, Adeleke, represented by the Deputy Governor of Osun State, Prince Kola Adewusi, stepped on the stage of the the Eko Hotels and Suites, where he was decorated with the personality award for his outstanding contributions to the power sector. His impact in the education sector cannot be overemphasized, as well.
At 68, he still remains one of the most sought after personalities with the milk of human kindness. His philanthropy reverberates across the length and breadth of the African continent, and with a net-worth of over 1.7 billion in United States of American dollars, it is not hard to imagine that the erudite scholar and reputed oil and real estate magnate, Dr. Adeleke, is a force to reckon with in the Nigerian socio-political and economic terrain. It is no wonder therefore, that he was found worthy to wear the prestigious crown of personality of the year.
To many, he is the hitherto unknown ‘Baba Olowo’, as represented by his son, David Adeleke, in his hit song, Emi Omo Baba Olowo, to many others, he is just the father of one of Nigeria’s successful musicians, Davido, and to many others, he is the pathfinder that has helped in paving a path of fruitfulness for the Adeleke family in particular, and the people of Osun State in general.
Ebullient and irrepressibly renowned, Dr. Adedeji Tajudeen Adeleke, a native of Ede in Osun State, was born on March 6, 1957 in Enugu State, to Ayoola Raji Adeleke and Esther Nnenna Adeleke. Growing up with his maternal grandmother, fashioned in him the distinct features of Nigerian-ism thus becoming one of the few Nigerians, who are privileged to savour the true Nigerian originality, boasting of two physical ethnic nationalities – Yoruba and Igbo.
Adeleke’s linage is blessed as his siblings are also movers and shakers of the Nigerian political and economic environments. His elder brother, late Senator Isiaka Adetunji Adeleke, was the first civilian governor of Osun State, and his younger brother, Senator Ademola Adeleke, is the present governor of Osun State.
Fondly called Deji by family members and loved ones, and Chairman by friends and associates, Dr. Adeleke, whose father was a renowned labour leader and activist, in addition to being the Balogun of Ede land and one time Senator of the Federal Republic of Nigeria, is many things one.
Tapping from the Igbo background of his beloved mother and the Yoruba originality of his father, Dr. Adeleke has overtime showcased qualities that stood him out as a believer in the oneness of the country, Nigeria.
Dr. Adeleke lived his early life in Enugu, where he developed inert abilities to mastering business craftsmanship, before moving to Ansar-Ud-Deen Primary School, Surulere Lagos, for his primary education. Thereafter, he proceeded to Seventh-Day Adventist Grammar School, Ede where he graduated from in 1975, obtaining his West African School Certificate in flying colours.
His brilliance, coupled with opportunities, created a leeway for him thereafter to proceed to Western Kentucky University in the United States of America where he distinguished himself in academics and other endeavours, and graduating with a Bachelors degree in Finance in 1979.
A thoroughbred lover of education, Adeleke followed up his bachelors degree triumph with an MBA in 1981 and thereafter a Ph.D. in International Business from Pacific Columbia University, Mills Valley, California in 1983. It is not an understatement to say the proverbial ‘baba olowo’ is well read.
Having completed the academic trilogy, and with undisputable qualifications, Adeleke returned to serve his fatherland in the capacity of a Corps member in the National Youth Service Corps scheme; a clarion call he obeyed with all his being as a true Nigerian.
Armed and totally ready to take on the world, Adeleke ventured into the entrepreneurial world, audaciously establishing a drilling company, Pacific Drilling Company Limited which soon became the brainchild of other entrepreneurial ventures, metamorphosing into Pacific Holdings Limited, with a distinct focus on finances and investments in different sectors of the Nigerian economy, which comprises other groups of companies with diverse biases, including Pacific Energy Limited.
An egghead of no mean abilities, Adeleke is one of few academics, who holds double doctoral degrees, as he was privileged to bag a second Ph.D from the University of Phoenix, Arizona USA, where he studiously laboured for his honours.
His lofty academic sojourns have in more ways than one paved the way for him to conquer the competitive world of entrepreneurship. He is also the founder and Chairman Board of Directors of Pacific Merchant Bank Ltd which later became one of the legacy banks in the guise of present day Unity Bank Plc.
Quintessential in all ramifications, Dr. Adeleke is a philanthropist of note as his foundations and establishments speak volumes of his worth, and what he is capable of doing. Among his many foundations, dedicated to the upliftment of mankind, is the Springtime Development Foundation (SDF), a not-for-profit NGO, which has become a vehicle for the awards of scholarships at all levels of education, and distribution of medical assistance to diverse medical units across board; locally and internationally to meet the needs of needy Nigerians.
Adeleke’s SDF is also the brain behind the establishment of the prestigious Adeleke University Ede, where he is the Pro-Chancellor. In addition, Dr. Adeleke sits on the board of various blue chip companies across the globe.
The man of means through the Springtime Development Foundation (SDF) founded Adeleke University in Ede, Osun State, to ensure less privileged students have access to a quality higher education.
He is known to be not just a father in words, but highly impactful, consciously and unconsciously imparting his children and any other person that crosses his path with his Midas touch of gold. It is said that no one, who had ever crossed his path, leaves the same. Some say he is generous to a fault, and evenly and happily distributes his God-given wealth.
Yes, testimonials abound of those who had come his way, and had a total turnaround in both status and acumen, connecting a meaningful impact to their lives. With his SDF tool, not a few lives have witnessed a turnaround.
Dr. Adeleke is blessed with four children, two males and two females named Adewale Adeleke, David Adeleke (Davido), Sharon and Ashley Coco, from his beautiful wife, Veronica, who died in 2003, and many grandchildren. His children are living examples of his paternal influence as they all have carved a veritable niche and influence for themselves in different areas of human endeavours.
His youngest son, Davido, is a world renowned musician and philanthropist, carting away awards after awards just like his father, in many areas, and living the life of a real chip off the old block with humongous acts of giving that has left many just wondering.
He also has numerous grandchildren among whom are Imade Adeleke, Hailey Adeleke and the newest twins, who are Davido’s children.
Adeleke is a lover of life, and the good things that come with it. As a result, he owns a Bombardier Challenger 605 Business jet and a Bombardier Global Express 6000 for both classic luxury and ease of movement, as an international businessman, who is constantly on the move.
Through his Pacific Energy Limited, Davido’s dad has played a pivotal role in delivering about 15% of the nation’s electricity supply. His visionary leadership is further reflected in the near completion of a $2 billion thermal power plant, poised to become the largest in Nigeria. Adeleke has not relented in providing high class social amenities for the Nigerian populace.
At 68, he could be described as an accomplished husband, father, nationalist and entrepreneur.
We salute your dexterity and pray for more of wealth and health and many more honours and awards to celebrate.
We celebrate you sir!
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Dr. Akinwumi Ayodeji Adesina
President and Chairman of the Boards of Directors, African Development Bank Group
Dr. Akinwumi A. Adesina is the 8th elected President of the African Development Bank Group. He was first elected to the position on May 28, 2015, and historically unanimously re-elected in 2020.
Dr. Adesina is a globally renowned development economist and agricultural development expert, with more than 30 years of international experience. He was the first student to graduate with First Class bachelor’s degree in Agricultural Economics from the University of Ife (now Obafemi Awolowo University), Nigeria, in 1981.
He holds a master’s degree (1985) and a PhD in Agricultural Economics (1988) from Purdue University, USA, where he won the Outstanding PhD thesis award for that year. Dr. Adesina also won the prestigious Rockefeller Foundation Social Science Fellowship in 1988, which launched him into his international career.
A bold reformer, as the Minister of Agriculture in Nigeria from 2011-2015, Dr. Adesina turned Nigeria’s agriculture sector around within four years. Under his tenure, Nigeria ended 40 years of corruption in the fertilizer sector by developing and implementing an innovative electronic wallet system, which economically impacted the lives and livelihoods of 15 million farmers by directly providing them with subsidized farm inputs at scale using their mobile phones.
A firm believer in private sector-led growth, Dr. Adesina radically changed the perception of agriculture in Nigeria from ‘subsistence’ to a viable business activity that successfully attracted $5.6 billion in private sector investments. Ultimately, under his leadership, Nigeria’s food production expanded by an historic additional 21 million metric tons.
Prior to his appointment as Minister of Agriculture, Dr. Adesina was the Vice President for Policy and Partnerships with the Alliance for a Green Revolution in Africa (AGRA), where he led several bold and innovative policy and finance initiatives that leveraged over $4 billion in Bank finance commitments to Africa’s agriculture sector. Working with African Heads of State, Ministers of Finance, Central Bank Governors, and leaders in the commercial banking industry and across several African countries, Dr. Adesina successfully led one of the largest global efforts to leverage domestic bank finance for the agricultural sector.
He also previously served as Associate Director and Regional Director for the Southern Africa Office of the Rockefeller Foundation for over a decade.
A prolific writer, Dr. Adesina has authored over 70 scholarly publications on policy, agricultural development, and African development issues.
He is a globally respected economist and has served as the President of the African Association of Agricultural Economists, as well as on the Editorial Board of several academic journals, including the International Journal of Agricultural Economists. He was awarded the Outstanding Black Agricultural Economist Award by the American Association of Agricultural Economists. He was a Distinguished Africanist Scholar at Cornell University, USA.
As President of the African Development Bank, in 2015, he launched a bold strategy to transform the bank’s business model and the lives of millions of Africans. The Strategy known as the High 5s: to Light Up and Power Africa; Feed Africa; Integrate Africa; Industrialize Africa; and Improve the quality of life of the people of Africa, have since impacted the lives of more than 500 million Africans.
To attract increased investments into Africa, Dr. Adesina launched the Africa Investment Forum (AIF) in 2018, the first event of its kind, to attract global capital and accelerate Africa’s economic development. The unique investment forum, which has several African and global financial institutional partners, has become the premier investment marketplace for Africa, attracting over $200 billion worth of investment interests across Africa.
Dr. Adesina has received several distinctions and global awards, including the 2007 YARA Prize in Oslo, Norway, for his pioneering leadership in African Agriculture. The Distinguished Alumni Award from Purdue University, USA, in 2008; Distinguished Alumni Award in 2009 and the Grand Commander of Great Ife in 2013, both from the Obafemi Awolowo University, Nigeria; and Borlaug CAST Communications Award in 2010 by the Council for Agricultural Science and Technology, USA, for his global leadership in agricultural science and technology.
He has received several honorary doctoral awards globally, including Franklin and Marshall College, USA; Purdue University, USA; Michigan State University, USA; Duke University, USA; and the University of Alberta Canada.
In Africa, he has received honorary doctorates by major universities, including Makerere University, Uganda; Ethiopia’s Addis Ababa University; The American University of Nigeria; Obafemi Awolowo University, Nigeria; Adekunle Ajasin University, Nigeria; Afe Babalola University Nigeria; Federal University of Technology, Akure, Nigeria; Bowen University Nigeria; Veritas University, Nigeria; Bayero University, Nigeria; and the Nigerian Defense Academy.
In October 2017, his alma mater, Purdue University, USA, decorated him with its highest honor, the Order of the Griffin, a rare honor given only to 50 persons since 1893, including Neil Armstrong, the first man to walk on the moon.
In 2010, Dr. Adesina was appointed by the United Nations Secretary General, Ban Ki-moon, as one of 17 world leaders to galvanize international support for the United Nations Millennium Development Goals.
In 2019, the United Nations Secretary General António Guterres appointed Dr. Adesina as one of 23 global leaders to help end hunger and malnutrition. He serves globally as one of the Commissioners for the Global Climate Commission, co-Chaired by Bill Gates, and former United Nations Secretary General Ban Ki-Moon, to tackle global climate change. Dr. Adesina also serves on the Global Panel on Agriculture and Food Systems for Nutrition.
Dr. Adesina has won several international awards including the Forbes Africa Person of the Year for his bold reforms in Nigeria’s agriculture sector; Nigeria’s Leadership Newspaper’s 2013 Public Servant of the Year, for his bold policy reforms, transparency, and public accountability; and the Extra-Ordinary Achievement Award by Silverbird Television, Nigeria, for his achievements as Nigeria’s Minister of Agriculture.
Also, the West African Institute of Public Health, recognized Dr. Adesina with its 2020 Distinguished Fellowship Award, for his innovative and successful efforts to curb the impact of the coronavirus pandemic in Africa.
At a national level, Dr. Adesina has been conferred with Nigeria’s second-highest national honor, the Commander of the Order of the Niger, for his outstanding service to his country, Nigeria.
In recognition of his outstanding leadership, passion, and dedication for accelerating African development, he has also been awarded the highest national honors of nine African countries: Senegal, Cameroon, Madagascar, Togo, Liberia, Niger, The Gambia, Djibouti and Tunisia respectively. In March 2025, he was conferred with Kenya’s highest national honor, the Chief of the Order of tbe Golden Heart, the 10th recipient of the honor since Independence.
In 2017, the World Food Prize Foundation awarded Dr. Adesina the World Food Prize, generally known as the “Nobel Prize for Agriculture.” Dr. Adesina devoted the $250,000 Laureate award to the establishment of the World Hunger Fighters Foundation, to help support Africa’s youth in agriculture and to develop a new generation of world hunger fighters. In the same year, Bill Gates listed Dr. Adesina’s award of the World Food Prize and his gesture to use it to support the youth in Africa as one of the seven most encouraging moments of 2017.
In 2019, Dr. Adesina was awarded several distinguished awards including the prestigious Sunhak Peace Prize in Seoul, South Korea, for his global leadership on agriculture, food security, transparency, and good governance. He dedicated his $500,000 award prize to the World Hunger Fighters Foundation that he established to fight global hunger.
He was awarded the Emeka Anyaoku Lifetime Achievement Award of Outstanding International Icon by the Hallmarks of Labor Foundation, during which Chief Anyaoku, former Commonwealth Secretary General said, “Dr. Adesina’s work, and leadership are legendary, unprecedented and worthy of emulation.”
In 2019, Dr. Adesina led the African Development Bank to achieve its highest capital increase since the Bank’s establishment in 1964, when shareholders raised the general capital of the Bank from $93 billion to $208 billion – a historic achievement for Africa.
In 2020, Dr. Adesina was re-elected to a second term as President of the African Development Bank Group with 100% of the votes of all 81 African and Non-African shareholder countries, the first such achievement in the then 55-year history of the African Development Bank, a demonstration of global confidence in his outstanding leadership of the African Development Bank.
In 2023, Dr. Adesina and the President of Senegal convened the Feed Africa Summit, which attracted 34 African Heads of State, the President of Ireland and hundreds of ministers from within and outside Africa and successfully mobilized $72 billion for tackling food security in Africa – the largest ever globally coordinated effort in Africa’s history.
In 2023, Dr. Adesina was named one of the 100 Most Influential Africans by the New Africa Magazine.
In 2024, Dr. Adesina was awarded the prestigious Obafemi Awolowo Prize for Leadership which recognized him as “a Pan Africanist with enthusiastic commitment to the positive transformation of the continent, he has demonstrated core leadership qualities that have been associated with Chief Obafemi Awolowo, and which this Prize is meant to encourage and reward. Dr. Adesina is a person whose outstanding leadership has occasioned public policies that have positively transformed millions of lives.”
In 2024, Dr. Adesina and the President of the World Bank Group Ajay Banga launched an historic partnership that led to the creation of Mission300, an ambitious multibillion dollar initiative to connect 300 million people in Africa to electricity by 2030.
Dr. Adesina has transformed the African Development Bank Group into an award-winning global brand that is a leader in financial innovation. For the second time, the African Development Bank Group has been ranked in the 2024 Aid Transparency Index as the most transparent development organization in the world and recorded the highest score ever by any development organization.
Under Dr. Adesina’s leadership, the Bank Group’s general capital has significantly grown from $93 billion when he took office as President in 2015 to $318 billion on 2024, following approval by the Board of Governors during the Bank Group’s Annual Meetings in Nairobi. The quantum financial increase reflects strong confidence in the leadership and management of Africa’s only AAA rated financial institution.
To reform the global financial architecture, under Dr Adesina’s leadership, the African Development Bank teamed up with the Inter-American Development Bank, and developed an innovative proposal, approved in 2024 by the IMF to channel Special Drawing Rights (SDRs) through multilateral development banks. The bold, pioneering, and innovative initiative could unlock new lending opportunities for all global development finance institutions, and the African Development Bank, at greater scale and multiply the leveraging impact of the allocations to the benefit of millions of Africans.
In 2024 Dr Adesina was named as the inaugural African-of-the-Decade Award recipient by the All-Africa Business Leaders Awards (AABLA™). His citation noted: “Dr. Adesina has demonstrated a significant impact on the African continent through innovative solutions, projects, or initiatives that address the continent’s pressing socio-economic and environmental challenges. He has consistently shown leadership, vision, and dedication, driving positive change in sustainable development in Africa,”
The leading reputation management firm, Reputation Poll International, has listed Dr. Adesina among the 100 most reputable people in the world.
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I Forgave Ibrahim Babangida a Long Time Ago – Dele Momodu
Published
2 months agoon
February 22, 2025By
Eric
By Eric Elezuo
On February 20, 2025, former Military President Ibrahim Badamasi Babangida, presented his much awaited autobiography, My Journey in Service, to the public.
Among other things, Babangida acknowledged that the much talked about June 12, 1993 election was actually won by Chief MKO Abiola, noting that his hands were tied forces beyond his control, prompting his annulment of the election, and suspension of the announcement of the results.
The former Head of State, who held sway between 1987 and 1993, consequently asked for forgiveness from Nigerians and all stakeholders.
Conseqently, celebrated journalist and Chairman, Ovation Media Group, Chief Dele Momodu, who is a prodigy of Abiola, and an active participant in the June 12 project, opens up in the aftermath as he speaks with TVC’s Nifemi Oguntoye in a no holds interview.
Below are the juicy details…
This is Beyond 100 Days with Nifemi Oguntoye.
Former Military Head of State, Ibrahim Babangida, says he regrets the annulment of the June 12, 1993, presidential election, describing it as the most difficult period of his life. The former Head of State said this at the official launch of his memoir; A Journey in Service, in Abuja. He described the election as undoubtedly credible, free, and fair, but the tragic irony of history remains that his administration, which devised a near-perfect electoral system and conducted a near-perfect election, could not complete the process.
The book, which offers insights into key moments in the country’s history, also addresses other national controversies, including the 1976 coup attempt that led to the assassination of then Head of State, Murtala Mohammed, and the 1986 letter bomb that killed investigative journalist Dele Giwa. Reflecting on his decision to annul the June 12 election, retired General Babangida admitted that if given another chance, he would have handled the situation quite differently.
Let’s bring in someone who was at the centre of it all, and who was actively involved in the June 12 struggle in 1993.
My guest resigned to join the Moshood Abiola presidential campaign organization. He was arrested and detained at Alagbon, in Lagos, after the annulment of the presidential election by General Ibrahim Babangida. Journalist and publisher of Ovation International, Dele Momodu. Thank you so much for joining us on the program.
Dele Momodu: Thank you so much for inviting me.
Glad to have you. Let’s begin with what seemed a very fascinating scene at the book launch. We saw former adversaries putting their past behind them and coming together in the spirit of camaraderie. General Gowon’s government was overthrown by a coup that involved General IBB, and Moshood Abiola himself… President Buhari was also represented, having had his government overthrown by IBB. What do you make of that spectacle?
Dele Momodu: Unfortunately, I couldn’t make it, though I was invited. I tried everything. I left London yesterday through Ghana, but this morning, I couldn’t connect my flight to Lagos. My flight from Lagos to Abuja was also not possible because of certain delays. I would have wished to be there. I planned everything. My team was on the ground, and I only watched a bit of it because my flight came very late into Lagos. I saw who is who in Nigeria. Babangida has always been the chairman. He’s always been one of the most controversial, but very cosmopolitan leader at the same time. It’s always been a paradox, and that’s why he was nicknamed the “Evil Genius.” I mean, you can imagine, in his 80s, how he was able to pull all that crowd today. He did his bit as president, and we were quite fascinated by his actions and sometimes inactions. But unfortunately, the June 12 incident killed that legacy. I’m sure the subject of the book is to try and see if there is a way he can explain himself to Nigerians and to friends of Nigerians globally, to make sure that legacy is not totally eroded. Because he did… I mean, he had one of the best teams. If you are looking at a star-studded cabinet, you can see the way he was reeling out names of people who worked with him, who collaborated with him, and everything. But what I’m dying to read is to see what happened exactly. Why was June 12 the best election? Everybody says, “Oh, he annulled it.” No, we knew from day one, no one ever contested it. So, I cannot wait to read about what happened, and I hope the book will provide answers to that.
Let’s begin with some excerpts because the former vice president reviewed the book, and we were able to get some. Although I’m on record to have stated that after the election, Abiola may not have won the June 12 elections, upon reflection and a closer examination of all available facts, particularly the detailed election results, which are published as an appendix to this book, there was no doubt MKO Abiola won the June 12 election. He goes ahead to say, “Looking back now, the June 12 saga was undeniably the most challenging moment of my life and, in certain respects, one of the most painful. If I had to do it all over again, I would do it differently.” How do you perceive this acknowledgment of MKO’s victory? And the big question is also, why did it take him 32 years after he left office? Why now?
Dele Momodu: Well, we’ve tried in the past to seek answers to those questions. The impression we got was that the military can be very stubborn. When they take actions, they come out full-chested—“I did it.” Maybe that’s why, in every interview he granted, he never answered those questions specifically. As an insider, I knew that the election took place because certain people… People often forget that Babangida could not have acted alone. Even from the way he reeled out the names today, he was a people’s man who consulted widely before taking decisions. I’m sure there were some people, we called them “principalities” at that time, who convinced him that no, no, Abiola cannot be our president. It happens till today—some people decide, we call them “owners of Nigeria,” and they would have decided that, “Oh no, Abiola cannot be our president.” There were people, of course, for selfish interests. He had mentioned before that his guys were going to kill both himself and Abiola if he handed over to Abiola.
So, I believe that the moment they made up their mind collectively that they were not going to hand over to Abiola, it became difficult for Babangida alone to bear the fall guy. But I think today, he inches closer to accepting that look, “I fumbled. I shouldn’t have done it that way.” Which is okay. Some of us will accept that. Even Abiola himself, I can tell you, wanted their friendship to continue because they had a blossoming friendship at that time. But unfortunately, I don’t know why it was so difficult for them to reverse. They had at least a few days and weeks to reverse that decision, and Nigerians would have applauded and given them a standing ovation. But they missed that chance.
Even in acknowledging MKO’s victory in his speech today, Babangida did say, “We acted in supreme national interest,” and I’m sure that’s what many people want to find out. He went ahead to also say that he has paid a huge part of his debt. Do you think this will, in a way, refine his legacy, following the big perception after the annulment?
Dele Momodu: Well, I would have to read the book to know precisely what he’s talking about, but as I said, you must respect his decision—that is his personal decision. I’m happy that he’s living with it and taking full responsibility for that action, which threw Nigeria into total chaos. In fact, I don’t think we have recovered from that action till today. On June 12, Nigerians united for once to vote for one man without considering religion or ethnicity, and we missed that opportunity. Today, we are fighting on the accounts of religion, ethnicity, and all sorts of divides. That Abiola election would have sealed it finally—that we are one Nigeria. Wherever we meet, I just came back today… Everywhere I’ve been, people pay my bills at restaurants. Whether they are Yoruba, Igbo, Hausa, they do, but when it comes to politics, Nigerian politicians just love to use divide-and-rule tactics to win elections.
That’s when everybody will be talking about this one being a Muslim, that one being a Christian, but we are all Nigerians, first and foremost. Abiola was a true Nigerian, an original Nigerian, welcomed everywhere in Nigeria and the world. It’s difficult to find such a man in this generation; they don’t manufacture such people every day in heaven.
Interestingly, IBB also took some part of the glory because we make reference to the 1993 election as free, fair, and credible, and he says that he led an administration that devised a near-perfect electoral system and conducted a near-perfect election but could not complete the process.
Dele Momodu: Yes, but he became imperfect. Yes, but he became imperfect with that annulment. Immediately that happened, that killed it. You know, it’s like you give birth to your own baby, a very beautiful bouncing baby, and suddenly you just decide to snuff the life out of the baby. That’s what happened on June 12, and that’s why we are still talking about it. Look at how many years, how many decades it has taken us to get this far. And I’m telling you, even with this book, I’m sure there will still be many controversies.
Absolutely. We have some insights already, the fact that he’s expressed satisfaction with former President Buhari’s decision to honor M.K.O. Abiola posthumously and recognize June 12 as Nigeria’s Democracy Day. What’s your take on that development, and how does it rub off on his legacy?
Dele Momodu: Well, I mean, what he couldn’t do, I believe President Muhammadu Buhari did it. We all thanked him at that time, though we felt it was belated, and also, we felt that he was playing to the gallery, that he used it for political reasons. You know, in Nigeria, when the witch cries today, and the child dies tomorrow, everybody knows what happened. So, we’re not too sure that Buhari was a great fan of Abiola, but at least he played that game, and he played it very well.
So, you had your own share of General Ibrahim Babangida, following the annulment of that election. Walk us through what happened, and then watching him years after, do you feel a sense of perhaps being absolved now that he has acknowledged it? And have you truly forgiven him?
Dele Momodu: Oh, I forgave him long ago. I’m a Christian, and the Holy Book says you must forgive your enemies, your traducers, seventy times seven times. So, I followed that injunction in the Bible. I can get angry with people, and almost immediately, you see me playing with them. A lot of people have attacked me, saying, “Why do you romance your enemies, or the enemies of Abiola?” But as a disciple of Abiola, I knew that Abiola forgave people easily. Abiola was not a vindictive person, and that’s what made him who he was. That’s why he could achieve what he achieved. I follow in his trajectory very religiously.
You know, for me, it’s interesting. I was in Abiola’s house, this must have been the end of July 1993. He asked me to come for some documents, and I got there around 2 p.m., but I didn’t get to see him until 4 a.m. The whole house was empty. By the time he came, he was in a very private meeting. Then he came in and said, “Dele, I’m very sorry I’ve kept you waiting.” That night, my friend, Mayor Akinpelu was having his bachelor’s eve, so I missed it. That’s at Lacapine Tropicana at somewhere in Adeniyi Jones.
Chief gave me the documents, which I was supposed to take to Tell magazine, to Mr. Kolawole Ilori. You know, he was living somewhere around Akowonjo. So, I left, not knowing what I was carrying. I mean, when you trust someone, you just take whatever they give you. But apparently, those were very hot documents. So I drove to Mayor’s bachelor’s eve, got there, and they were just finishing the event, but I wasn’t in the mood because I had been sitting down all night waiting for Chief. I decided to go to Water Parks, where Shina Peters was playing. When I got there, Shina was just finishing. I then left and went to Night Shift, to go see Gov Ken Olumese. He sat me down, we had sandwiches and coffee. I didn’t know I was being trailed by security people.
Eventually, I went to Mr. Kola Ilori’s place, delivered what I needed to deliver, then went to my house in Ojodu, somewhere in Adigboduja, where I was staying at the time. A few minutes after I entered bed, my wife rushed into the bedroom, saying, “Some people are banging on the door.” I asked, “Who’s banging on my door?” She didn’t know. As the only man in the house, I came out and asked, “Please, who are you?” They said, “We’re from police headquarters.”
“What have I done?”
“You have to open your door, otherwise, we’ll break it down.” To cut a long story short, that was how I was taken away to Moloni at that time. They came back later to search my apartment and picked up some documents. They said they were seditious, whatever. I was in Alagbon detention camp for over a week before they took me to a magistrate court.
But what you must also note is that Babangida, despite everything, people could still negotiate with him, unlike Abacha, who came later, and we all had to run for our lives. They were trying to persuade me to leave Abiola alone. Anyone who knows me knows that I’m a one-way person. If I follow you, I follow you to the end. So for me, I forgave him. We’ve met a couple of times. I’m friends with his family. His wife, Maryam, always liked me because of the exclusive stories I did about the family when they were in Dodan Barracks. When they were going to have their last baby in Dodan Barracks, I wrote the exclusives about how she was exercising and everything. Aisha, their daughter, is my very good friend. We chat from time to time.
I always advise, look, all Baba has to do is apologize. Nigerians are not too difficult when it comes to certain things. They just want you to come upfront with them. Which is what I believe he’s trying to do today.
Absolutely. We will get back to IBB shortly. You’ve attempted to run for the presidency twice now. Some say those of you who were active during the June 12 struggle have a sense of entitlement legitimacy to lead this country. How do you react to that?
Dele Momodu: No, in my own case, no. I always say that I was badly influenced by the emergence of Barack Obama. We had always complained, all of us complained and lamented, like the biblical Jeremiah, but we did nothing about it. I thought, if Nigeria is ugly, and you have your own beautiful daughter at home, why don’t you present your own daughter? That’s what led me to it. I didn’t want my children to ask me in the future, “You were busy grumbling and writing a weekly column, Pendulum, but you did nothing.” I thought, if I think I’m better, why not try? Obama was a young man, younger than me, when he came out. He was in his early 40s. I had just turned 50 when I decided. It had nothing to do with June 12. I believed in myself, and I still believe in myself, that I can lead a good country with discipline, focus, tenacity, courage, and, especially, if you can relate to everybody. If you’ve studied my life, you’ll see that I did not just follow Abiola. I took a lot from him, especially in terms of networking.
Watching that book launch today, you see a whole generation of leaders. Give it to them. The former vice president was saying that in IBB’s class, there were two presidents, four governors. I mean, it was first class. But it also brings to mind the question of succession. Do you think that’s a question Nigeria has answered? Because you look at all of them – OBJ, IBB, even the current president – they all belong to the older age. Do you think there’s a vibrant younger generation ready to take the baton?
Dele Momodu: No, but they were all young when they were in power.
But they are still perhaps calling the shots today.
Dele Momodu: That’s true. Even in America, you see that George Bush, Bill Clinton, Jimmy Carter before he died, all of them called the shots. That’s why they are called the presidential class. They are extraordinary human beings. They are not your regular. To be the president of the biggest black nation on earth is not a joke. For all of them to call the shots, they will always do so.
Because even today, I was watching President Tinubu; we joined forces to fight IBB and to fight Abacha at that time. But today, you will not see him address IBB the way we were addressing them in those days. So, that’s the way life is, you know. And as you mature with age, if you had invited me, let’s say, 25 years ago, I’m sure I’d be Spitting Fire and abusing, and as you get older, you just have to know “when you get old, you have to act old”, you know. So, we mature people, and we want peace in our country.
Even when I disagree with you, I still want peace because I know that the children of the elite, what I call the privilegentials, their children will never be seen on the street fighting. It’s always the poor people who will get hit by bullets. And for me, I have a conscience. I will not send other people’s children to die for me because of power.
Absolutely. Yeah, I’m wondering what your thoughts are as to how you think Nigerians should react or respond to IBB’s admission and the best way to move forward from this very historic acknowledgment. How do you think the reaction should be? How do we move forward from this historic acknowledgment?
Dele Momodu: Oh, I think Nigerians already moved forward. I mean, you accept what you cannot change. We accepted it, we didn’t like it, we didn’t forget it, and we’re not likely to forget it. But the principal actor coming out to say, “Hey, I was wrong,” that’s good enough.
Do you think it has added anything substantially to Abiola’s legacy, or is it just a symbol?
Dele Momodu: No, no, no, Abiola’s legacy would always be intact on June 12th. God decided to purify Abiola and to cleanse him of all his sins, because none of us— we’re all sinners— none of us is perfect. But Abiola became a saint. The deification of Abiola happened on that day, and God gave him that chance. It doesn’t happen to everyone; it’s not everyone that will have that chance while on Earth to become a saint and a martyr. That is something very, very special.
Absolutely. It’s now 2025. You know, 1993, you were active in the struggle. Are you seeing signs of progress democratically in Nigeria, or what are those challenges you think have remained, you know, from 1993 till now?
Dele Momodu: There are things I would not want to say because of where I am, but I’m worried about our democracy. Very, very worried. And the reason is simple: democracy should give all of us freedom to run and act sensibly. But in a situation where it is “Winner Takes All,” and it is absolute power, and in a civilian regime, you begin to see traces and symptoms of dictatorship. It worries me, and that’s why I’ve always appealed, especially to my big brother, the current president, that look, you can fail in everything, sir, but make sure you don’t fail to deepen democracy. If they defeat you, they defeat you. If you defeat us, opposition, defeat us. That is my position; it’s nothing personal. You see, that’s why it’s democracy.
Look, President Tinubu became an idol to a lot of us because he stood stoutly against dictatorship. Because he stood; even when Obasanjo came, and Obasanjo was giving Lagos problems, he stood firm, and we stood by him. When they took him to the Code of Conduct Tribunal, we all rose up and said, “No, you cannot witch-hunt a man because of his political leanings.” So, I pray that will continue, and that’s what democracy is all about.
Looking forward to reading the book, right?
Dele Momodu: Oh no, I can’t wait to read it. I’ll see Uncle Yemi Ogunbiyi who was kind enough to invite me.
Thank you so much for coming.
Dele Momodu: Thank you, sir
Interviewer: I get to see you again. Well, that’s our show today, everyone. Thanks for being a part of it. You can watch it all over again at midnight and at 6:00 a.m. tomorrow. I am Nifemi Oguntoye.
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