Connect with us

Business

Market women Exposed the many Atrocities of Iyaloja General of Lagos + pockets the association’s N50million largesse from APC – beats up men and women old enough to be her parents + modus operandi revealed

Published

on

 

If feelers reaching us are anything to go by, then Folashade Tinubu-Ojo, the Iyaloja general, has fallen short of expectations from all members of the Market Men and Women Association in Lagos.

It should be recalled that Folashade Tinubu-Ojo, daughter of the All Progressive Congress (APC)’s stalwart, Asiwaju Bola Ahmad Tinubu (Jagaban) became the Iyaloja general following the demise of her grandmother and predecessor, Alhaja Abibatu Mogaji.

However, it appears that there has been General dissatisfaction over the way she runs things and has been tagged a tyrant and oppressor by some of the market traders. She equally has been accused of being corrupt and act wickedly irrespective of whose ox is gored. Recently she was accused of sending some of her dreadful thugs to beat up the Babaloja mercilessly over his complaints on the deteriorating condition of the association that is at the brink of collapse under her oppressive rule. As if that was not enough, at another instance; she sent her thugs to also beat up the Iyaloja of mile12, Alhaja Iyabowale.

“These are some of the injustice and oppression we have been facing in the hands of Folashade Tinubu-Ojo”, says our source who begged for anonymity. “It is devastating as the center could no longer hold due to her harsh and unthoughtful leadership. Alhaja Abibatu Mogaji was a direct opposite of Folashade . Mama was really a mother and a goddess of a kind to everyone. She held the markets in the whole of Lagos in unity and was loved by all and sundry. She was always there for us and did not condone corruption. She loved transparency and would present things the way it is supposed to be. Unlike our mother as marketers fondly call her, Folashade the present Iyaloja general swims in corruption. She had collected money from most of the Ibo people in the markets and yank off posts from the authentic owners who are mostly Yorubas”.

According to our reliable source, she was collecting around 2.5 Million to 5 Million Naira from respective posts. The source continued “Gradually she has dominated all the important posts in the markets with the Ibo guys that have money to buy them. Some of the prominent members of the association like the Iyalaje general Lagos state, Alhaja Balikis Oluwatoyin Afolabi; the Iyaloja of mile 12 Alhaja Iyabowale and Iyaloja of Owolowo, Alhaja Idiat Olasunbo had on different occasions went to Folashade to complain on the unjust treatment meted out to the Babaloja and her habit of deposing the authentic owners of posts to give to the Ibo guys for huge money in return amongst other acts of atrocity and oppression. Instead of trying to turn a new leaf, she puts all those people in her black book”.

Other sources further revealed that many people are terrorized. In fact we heard that at any meeting at the state secretariat at 10, sunday Adigun st.off kaffi street Alausa-Ikeja, Lagos; she would harass people and even send some members out for no cogent reason. Some members even go to Sunday Adigun with escorts to protect themselves because no one could tell Folashade’s next line of action.

“When the All Progressives Congress gave out the whopping sum of 50 Million Naira to mobilize the market men and women, the Iyaloja general sat over the whole money. During campaign, Asiwaju Bola Ahmed Tinubu, her father noticed there was no support from the market people and called us. The matter was related to him, he begged us and gave us 10 Million Naira before we left his house and we shared the money between all the quarters without grudges from anyone. Upon that, Folashade called us thieves and insulted us like babies not even minding our age and status. Folashade Ojo loves money to a fault” claimed our source.

“When we tried to pick a new venue for our meeting, Asiwaju gave us land; we made a fence and bought blocks to develop the new site. She sent her hoodlums; they came and damaged our fence. They vandalized everything including all the blocks and the chairs we use at the venue. Severally, she had been reported to her father who is now fed up with her irrational behavior and does not actually know what to do to her. The case was at a time reported to the Oba of Ikeja and presently been taken to the Oba of Lagos who sent for her and spoke seriously to her on a faithful Sunday when she came to the palace with her full supporters dressed in the same attire with the inscription “Iyaloja general, Adunni Folashade. Either she would change or not, nobody knows”.

“All we pray for is that God should not allow Adunni Folashade Ojo  to break up the association that her grandmother toiled to keep as one”…

Sahara Weekly contacted the Iyaloja for her own side of the story but claimed she is busy at the moment.

iyaloja

 

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Sterling Bank Opens Vault To N5bn SMEDAN Fund With Databanc

Published

on

 

Sterling Bank Opens Vault To N5bn SMEDAN Fund With Databanc

 

Lagos, Nigeria, June 20, 2024 – One of Nigeria’s leading full-fledged commercial bank, Sterling Bank, and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), have launched a groundbreaking platform called Databanc.

The platform will serve as a single source of truth for data on businesses in Nigeria to guide personalized interventions and support from decision makers who serve the MSME ecosystem.

The platform will provide insights which will be utilized by SMEDAN to deliver its mandate on policy formulation, delivery of intervention programmes and other initiatives, including financing, that will support the growth of small businesses in Nigeria.

 

Photo caption:
L-R: Head, SME Products, Sterling Bank, Ms. Bolanle Tyson; DH Retail SME, Sterling Bank, Edward Ogunmekan; Director General and Chief Executive Officer, SMEDAN, Charles Odii; Chief Product Officer, Sterling Bank, Mustapha Otaru and Lagos State Office, SMEDAN, Dr. Bunmi Kole-Dawodu, at the Sterling and SMEDAN Unveiling Databanc in Lagos recently.

 

 

This platform will also provide unique identification for small businesses and their promoters as well as their business areas/sectors.

This platform and the Sterling/SMEDAN N5 billion single digit loan programme are some of the avenues through which Sterling Bank is working with SMEDAN to jointly grow the Nigerian economy by supporting the growth and expansion of small businesses.

Speaking at the launch of the platform, Executive Director of Commercial and Institutional Banking at Sterling Bank, Tunde Adeola, announced the platform and fund was a materialization of Sterling Bank’s commitment towards growing the real sector of the nation’s economy.

Adeola said “We are delighted to bolster the backbone of our economy with SMEDAN. This initial fund of N5 billion marks just the beginning of what has been and will continue to be a mainstay of our approach to funding businesses to grow at scale, and become the preferred financial partner for businesses, no matter their scale.”

The Executive Director said that over 20,000 SMEs have enrolled on the Databanc platform, with over 80 beneficiaries of the single-digit loan program and further disbursements ongoing. He encouraged all MSMEs in the country to enrol on the platform.

SMEDAN’s Director-General, Mr. Charles Odii, represented by the Director of Agribusiness Development and Access to Finance, Levi Anyikwa, highlighted the programme’s alignment with SMEDAN’s mission to democratize credit access for nano and micro-enterprises. Anyikwa affirmed that “access to finance remains a significant hurdle for SMEs, and we are committed to removing that barrier.”

Anyikwa emphasized the November 2022 Memorandum of Understanding (MoU) between SMEDAN and Sterling Bank as a pivotal step towards digitalizing and streamlining loan processes.

Bolanle Tyson, Head of SME Digital Products at Sterling Bank, emphasized Sterling Bank’s strategic focus on critical sectors encapsulated in the HEART of Sterling forward strategy: Health, Education, Agriculture, Renewable Energy, and Transportation.

Tyson outlined the innovative support package, including access to capital at single-digit interest rates, alongside essential resources such as capacity building, marketing support, and infrastructure development. “We are leveraging data to empower SMEs like never before,” she added.

“Our commitment to SMEs is steadfast,” Tyson asserted. “We recognize their pivotal role in driving Nigeria’s GDP and employment. This partnership with SMEDAN underscores our shared dedication to their success.”

The launch of the Databanc platform chronicles another major milestone in the
ongoing strategic partnership between Sterling Bank and SMEDAN, dating back to June 2023 when both entities signed a partnership to create Nigeria’s largest SME database, which was followed closely in November 2023 with the signing of the memorandum for the N5 billion loan portfolio.

Interested applicants can easily apply for the loan by first registering on the SME Databanc Platform to generate their unique promoter and business IDs at sterling.ng/databanc, and apply for the loan by downloading the Banca by Sterling mobile app from Google Play or the iOS App Store.

//Ends.

Continue Reading

Business

Africa needs to be competitive, says Chike-Obi, Fidelity Bank’s Chairman

Published

on

 

Africa needs to be competitive, says Chike-Obi, Fidelity Bank’s Chairman

 

Africa needs to be competitive and efficient in its area of strength, according to Mustafa Chike-Obi, the Chairman of Fidelity Bank, who spoke with CNBC Africa’s Kenneth Igbomor on the sidelines of the AFREXIMBANK Annual meetings in Nassau, the Bahamas.

Chike-Obi emphasized the importance of focused and sharp leadership in harnessing the continent’s strengths to achieve prosperity. He highlighted the need for Africa to identify areas of competitive advantage in producing goods and services efficiently to unlock its full potential.

He pointed out that success stories in areas like sports demonstrate Africa’s potential when leveraging advantages. However, he stressed the crucial role of collaboration and seamless interaction among African nations and regions for sustainable development.

The chairman urged for enhanced integration to facilitate the movement of goods and services across the continent, emphasizing the necessity to work collectively towards common goals.

Chike-Obi also addressed the importance of prioritizing Africa’s strengths, such as power supply, through cohesive policies and agreements to drive economic growth. He emphasized the need for coordinated banking policies to promote financial integration within Africa and with external partners, emphasizing the significance of streamlined banking services and transactions.

The Chairman highlighted the African Continental Free Trade Area (AfCFTA) as a significant opportunity for economic advancement but called for more practical implementation to ensure its effectiveness. He underscored the importance of execution in translating policies into tangible outcomes for the African people.

Reflecting on the annual meetings and the discussions on trade and investment, Chike-Obi reiterated the critical importance of collaboration for Africa’s progress, emphasizing that unity and concerted efforts are essential for realizing the continent’s potential.

Continue Reading

Business

Fidelity Bank Chairman, Chike-Obi Advocates for Continental Unity and Economic Integration

Published

on

Fidelity Bank to boost Schools’ Profitability with Value-adding Products
Fidelity Bank Chairman, Chike-Obi Advocates for Continental Unity and Economic Integration
In a conversation with Kenneth Igbomor of CNBC Africa, Mustafa Chike-Obi, Chairman of Fidelity Bank Plc, emphasized the need for Africa to unite and collaborate for economic prosperity.
“Africa must work together, leveraging our collective strengths to compete globally,” Chike-Obi asserted.
He highlighted the significance of the African Continental Free Trade Area (AfCFTA) in driving sustainable development, stating, “True economic growth will only come from integration and shared efforts.”

Continue Reading

Cover Of The Week

Trending