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Femi Otedola Named Vice Chancellor Of Catholic University

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Femi Otedola

Femi Otedola Named Vice Chancellor Of Catholic University

Femi Otedola

The appointment of Femi Otedola a Nigerian billionaire of repute, who is also the Chairman of Geregu Power Plc took effect from April 7, 2022.

Speaking on Otedola’s appointment, a statement issued by Augustine University spokesman, Nicholas Obayi, indicates that the appointment is well deserved having been an untiring benefactor to the university for some time.

 

 

 

What the Augustine University spokesman is saying
The statement reads, “Augustine University Ilara-Epe is pleased to announce the appointment of Mr Femi Otedola as the second chancellor of the institution. The appointment took effect on April 7, 2022.

“Otedola’s appointment is well deserved, having been an untiring benefactor to Augustine University’s structural development project, which has aided the institution’s rapid growth.

 

 

 

“Until his appointment, Otedola has been a notable business mogul in the energy sector both in Nigeria and abroad. He is the Chairman and Chief Executive of Geregu Power Plc; his philanthropic efforts geared towards improving lives are also widely known and recognized.”

 

Recall that a few years ago, Otedola had donated a N2 billion complex to Augustine University’s engineering faculty as part of his contributions to the university.

 

 

Femi Otedola said, “My father was very passionate about a university being built in Epe because he was very passionate about education. Rather than spend my money on building more houses or buying a jet for myself, I decided to spend the money to support this laudable cause by the Lagos Catholic Archdiocese through the Augustine University.’’

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Half a Billion in Debt! Mr Macaroni Opens Up on Devastating Financial Loss, Betrayal

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Half a Billion in Debt! Mr Macaroni Opens Up on Devastating Financial Loss & Betrayal

BETRAYAL, DEBT, AND REDEMPTION: MR MACARONI OPENS UP ON LOSING HIS LIFE SAVINGS, BEING HALF A BILLION IN DEBT

Lagos, Nigeria – Popular Nigerian activist, comedian, and actor, Mr Macaroni has sent shockwaves across social media with a heartbreaking revelation about his battle with financial loss, crushing debt, and ultimate betrayal.

In a deeply personal post on X, the entertainer—real name Debo Adebayo—revealed how a combination of scams, bad investments, and reckless spending led him into financial ruin, forcing him into a debt exceeding half a billion naira.

The Shocking Financial Downfall

Mr Macaroni confessed that between 2021 and 2022, he lost his entire life savings due to a fraudulent scheme and a failed investment. But rather than share his struggles, he kept his pain hidden, pushing forward with his career while silently battling the devastating reality of being broke.

“It shook me deeply, but I told NO ONE about it… I have a duty to continue to entertain, inform, educate, and use my art to make society a better place. The show must go on!” he wrote.

In a desperate bid to stay afloat, he turned to borrowing, confident that his steady income would allow him to pay off his debts. However, he soon realized that he was barely surviving—earning millions, but spending it all on paying off accumulating interests.

“I got too comfortable, and it took me a long time to realize I was using the money I was earning to pay back interests,” he admitted, describing his financial recklessness as a long-standing personal struggle.

The Ultimate Betrayal

Just when he thought things couldn’t get worse, Mr Macaroni revealed that someone he deeply trusted—a person he considered a sister and a friend—betrayed him in an unimaginable way. The emotional and financial blow left him completely destabilized.

“I hardly trust people, and nothing surprises me about human nature. But this? I could never have prepared for. Such was the level of trust and love,” he lamented.

Rock Bottom & The Fight to Rebuild

Despite his record-breaking performances in Nollywood, receiving accolades at international film festivals, 2024 was still his most troubling year. Behind the scenes, he was sinking under a debt of over half a billion naira, carrying the weight of his financial mistakes, poor decisions, and betrayal.

But in true warrior spirit, Mr Macaroni refused to be defeated.

“One thing about me is that I’m a fighter! I have never backed down from a battle. When I fall, I bounce back even stronger!” he declared.

With the support of family, true friends, and sheer resilience, the beloved activist says he has turned a corner and is finally in a better place—stronger, wiser, and more determined than ever.

A Message to Those Struggling: “DO NOT GIVE UP!”

To everyone currently battling betrayal, financial hardship, or personal struggles, Mr Macaroni offers a powerful message of hope:

“People will betray you, but you must not let that break you. You are alive for a reason. Every day, fight to be a better person than you were yesterday!”

He urged his followers to learn from his mistakes, be more financially responsible, seek help when needed, and never let adversity define them.

“May the love in our hearts always be greater than the hate, betrayal, and wickedness in the world!” he concluded.

Social Media Reacts

Following his revelation, social media has been flooded with messages of support and admiration for Mr Macaroni’s honesty and resilience. Many have praised him for shedding light on financial literacy, debt struggles, and the importance of choosing the right people to trust.

From scandal to strength, his story serves as a powerful reminder that even the strongest among us face dark times—but with courage and determination, there is always a way forward.

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Panic as Late Singer’s Mother Cries Out Over Alleged Kidnap of Son After Court Appearance

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Panic as Late Singer’s Mother Cries Out Over Alleged Kidnap of Son After Court Appearance

Panic as Late Singer’s Mother Cries Out Over Alleged Kidnap of Son After Court Appearance

Lagos was thrown into panic on Wednesday after the mother of the late singer, Abosede Aloba, raised an alarm over the alleged abduction of her son, Adura, by unknown gunmen. The incident, which took place outside the Magistrates’ Court in Ogba, has sparked outrage and concerns over the safety of individuals involved in legal disputes.

According to eyewitnesses, Adura was forcefully taken away by unidentified armed men immediately after leaving the court premises. Speculation is rife that the abductors may be law enforcement officers acting under undisclosed directives.

Reports indicate that Adura was at the court over a dispute with Damola Ayinde regarding the sale of a mobile phone. The legal battle, however, escalated into a broader case involving actor Yomi Fabiyi, Damola Ayinde, and other parties.

Mother’s Cry for Help

Following Adura’s sudden disappearance, his distressed mother, Abosede Aloba, was seen in a car weeping and calling for assistance. In an emotional outburst captured on video, she accused actor Yomi Fabiyi and another individual, Sam Jojo, of orchestrating the abduction.

“Please help me, people of God! It’s Yomi Fabiyi. They’ve taken my son, and I don’t know where they’re taking him,” she lamented.

Abosede further alleged that Adura was not in good health at the time of his abduction, raising fears about his well-being and safety.

Public Outcry and Calls for Investigation

The alleged abduction has ignited public outrage, with concerned citizens and human rights activists calling on the Lagos State Police Command to immediately investigate the incident and ensure Adura’s safe return.

So far, neither the police nor the accused individuals have issued official statements regarding the allegations. However, the growing tension surrounding the case has intensified calls for justice and transparency.

As of press time, efforts to reach Adura’s family for further updates have been unsuccessful. The situation remains fluid, with many awaiting clarification on the circumstances surrounding his disappearance.

 

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Meet Vice Admiral Ibas: The Military Strategist Now Governing Rivers State

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Meet Vice Admiral Ibas: The Military Strategist Now Governing Rivers State

Rivers State Under New Command: Can Ibas Steady the Ship?

Following the suspension of Rivers State Governor Siminalayi Fubara and his deputy, Ngozi Odu, President Bola Ahmed Tinubu has appointed Vice Admiral Ibok-Ete Ekwe Ibas  (rtd.) as the Sole Administrator of Rivers State.

With decades of military leadership, strategic governance, and maritime security expertise, Ibas is stepping into a politically charged role to stabilize governance and restore order in the oil-rich state.

Who is Vice Admiral Ibok-Ete Ibas?

Born on September 27, 1960, in Cross River State, Ibas has built an impressive career in the Nigerian Navy, holding several key military and administrative positions before retiring as the 22nd Chief of the Naval Staff (2015–2021).

He joined the Nigerian Defence Academy (NDA) in 1979 as part of the 26 Regular Course, earning his commission as a Sub-Lieutenant in 1983. Over the years, he gained extensive military training and strategic expertise:

  • Master’s in Defence & Strategic Studies – Quaid-i-Azam University, Pakistan
  • Amphibious Warfare Training – United States Marine Corps, Virginia
  • Underwater Warfare Specialist – NNS Quorra, Nigeria
  • Primary Pilot Training – Nigerian Air Force Base, Kaduna
  • Command & Staff College Graduate – Jaji, Nigeria

A Decorated Military Strategist

Throughout his naval career, Ibas served in various leadership roles, including:

  • Commander, Naval Air Base, Ojo (2006–2009)
  • Flag Officer Commanding, Western Naval Command (2013–2014)
  • Chief of Logistics, Naval Headquarters (2014)
  • General Managing Director/CEO, Nigerian Navy Holdings Ltd.
  • Chief of the Naval Staff (2015–2021)

As Chief of the Naval Staff, he played a key role in enhancing Nigeria’s maritime security, combating oil theft, and modernizing the Navy’s fleet. His tenure was marked by strategic reforms aimed at curbing piracy and securing Nigeria’s vast coastal waters.

What His Appointment Means for Rivers State

With his deep-rooted experience in leadership and crisis management, Ibas’ appointment as Rivers State Sole Administrator signals a firm, security-conscious approach to governance. His role will focus on:

  • Restoring political stability amid ongoing tensions
  • Ensuring security and economic continuity in the state
  • Maintaining order during the six-month suspension period

While his appointment has sparked mixed reactions, many view his military background as a strong asset in handling the volatile political climate in Rivers State.

As one of the most experienced security experts in Nigeria, Ibas now faces the challenging task of navigating Rivers State through a politically sensitive period.

Will he succeed in bringing stability, or will his appointment fuel further controversy? The coming months will reveal how the ex-Naval chief steers the ship in one of Nigeria’s most politically complex states.

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