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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

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11 years ago

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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

 

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Sahara weekly online is published by First Sahara weekly international. contact [email protected]

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Bank

Union Bank Honoured by ASBON at Nigeria National SME Business Awards

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3 hours ago

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May 13, 2026

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Union Bank Honoured by ASBON at Nigeria National SME Business Awards

 

 

Lagos, Nigeria – Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos.

The award was presented to the Bank in recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises, through a differentiated suite of solutions designed to enable business expansion and long-term value creation.

Receiving the award on behalf of the Bank, Ayokunnumi Abraham, Head of SME Segment at Union Bank, described the recognition as a strong endorsement of the Bank’s commitment to supporting small and medium-sized businesses. He said:

“We are honoured to receive this recognition, which reflects Union Bank’s continued commitment to helping SMEs grow by making banking simpler, faster, and more accessible. Through enhancements to our specialised platforms such as Union360, we have meaningfully reduced the time it takes for businesses to come on board and begin transacting. These improvements have shortened onboarding, increased digital adoption among our SME customers, and supported the acquisition of new business clients. Our focus remains on delivering practical solutions that help Nigerian businesses thrive.”

Organised by ASBON in partnership with the Lagos State Government through the Ministry of Commerce, Cooperatives, Trade and Investment, the event convened stakeholders from the public and private sectors to recognise individuals and organisations driving meaningful impact across Nigeria’s SME ecosystem.

Union Bank remains focused on deepening its support for SMEs through customer-led solutions and processes that strengthen business growth across the ecosystem.

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Bank

Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion 

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16 hours ago

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May 12, 2026

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*Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion* 

_By AGP News 

 

*UNITED KINGDOM OF ATLANTIS* — In a move signaling a push into international markets, the Royal Throne of the United Kingdom of Atlantis on Sunday announced the corporate transformation of Atlantian Crown Bank LLC into *Arizona Global Bank LLC*, as part of a wider restructuring to position the institution for global banking and financial innovation.

 

The announcement was made at a press conference in the UKA capital by *HRM Queen Amb. Cletus C. Leaticia*, Chief Executive Officer of the newly named bank. She told reporters the rebranding marks _“more than a name change”_ and reflects a strategic pivot toward digital finance, cross-border investment, and modern banking standards.

 

_“This transformation represents our commitment to innovation-driven banking and our vision to become a globally competitive financial institution,”_ Queen Leaticia said.

 

*Licensing Process Underway*

According to the Department of Financial Administration and Corporate Affairs, which issued the official communication, Arizona Global Bank LLC has formally begun the process of applying for a *Banking Operational Licence* under UKA’s financial regulatory framework.

 

Once licensed, the bank plans to operate as a modern financial enterprise focused on four pillars:

1. Innovation-driven banking and digital financial solutions

2. Corporate financing and structured investment services

3. International financial partnerships and cross-border trade facilitation

4. Financial inclusion initiatives

 

Bank officials stressed that the institution will _“maintain strict compliance with all banking regulations and supervisory standards”_ set by UKA financial authorities.

 

*Strategic Shift Amid Global Ambitions*

Management described the rebranding as part of a broader restructuring initiative to _“strengthen the bank’s international identity, expand its global financial footprint, and align operations with contemporary banking standards.”_

 

Representatives called the licensing and rebranding process a _“major milestone”_ aimed at supporting economic growth, international trade, and cross-border investment initiatives.

 

*No Disruption to Existing Commitments*

Addressing potential concerns from clients and partners, management reassured stakeholders that _“all existing institutional commitments, operational objectives, and long-term strategic plans remain fully intact throughout the transition process.”_

 

The Royal Throne indicated that further updates on the licence approval, commencement of operations, corporate partnerships, and investment programmes will be released through official UKA and Arizona Global Bank LLC channels.

 

_The Department of Financial Administration and Corporate Affairs, Royal Throne of United Kingdom of Atlantis, issued the official statement._

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Bank

Fidelity Bank grows Gross Earnings by 45.6% for FY 2025 

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17 hours ago

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May 12, 2026

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Fidelity Bank grows Gross Earnings by 45.6% for FY 2025 

 

Lagos, Nigeria – Fidelity Bank Plc, a leading Nigerian financial institution, has announced its audited financial results for the year ended 31 December 2025, reporting Gross Earnings growth of 45.6% from N1.04 trillion in 2024 to N1.52 trillion in FY 2025, reflecting stronger topline momentum across core business segments.

 

 

The Group recorded a Profit Before Tax of N347.7 billion.  This performance was underpinned by a 38.7% year-on-year increase in interest income to N1.11 trillion (FY 2024: N803.1 billion) and a 44.7% year-on-year rise in fees and commission income to N113.4 billion (FY 2024: N78.4 billion).

 

 

On the balance sheet, total assets grew by 18.6% year-on-year to N10.46 trillion (FY 2024: N8.82 trillion), while customer deposits increased by 16.1% year on year to N6.89 trillion (FY 2024: N5.94 trillion), reflecting continued franchise strength and growing customer confidence in the brand. Net loans and advances declined by 2.4% year-on-year to N4.28 trillion (FY 2024: N4.39 trillion) as customers paid down on their mature obligations.

 

 

The Bank also strengthened its capital position during the period, with eligible capital rising to N561 billion, above the regulatory minimum of N500 billion for banks with international authorisation. In addition, capital adequacy remained robust, with Capital Adequacy Ratio of 30.94 percent as at 31 December 2025 (FY 2024: 23.47 percent).

 

 

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

 

 

The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

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