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NAICOM in crisis as CEO moves to buy N4bn uncompleted office building
NAICOM in crisis as CEO moves to buy N4bn uncompleted office building
A fresh crisis is currently brewing in the the National Insurance Commission, NAICOM, over the acquisition of an uncompleted new office complex in Abuja, The Whistler is reporting
It was gathered that the management of the commission led by Thomas Olorundare Sunday, the Commissioner For Insurance/CEO, may have deceived President Muhammadu Buhari and the Federal Executive Council into approving N4 billion for the purchase of a new office complex in Abuja for the National Insurance Commission, NAICOM.
The approval, according to reliable sources, was based on the presentation by the NAICOM management that they were buying a ready-to-use magnificent office complex better than what they were currently using in Garki 2 District of Abuja.
The property, according to findings, is an abandoned uncompleted hotel carcass located at the Gudu District of Abuja
The said building, which was initially valued at N2.5 billion, was surreptitiously raised to N4 billion by the time the presidential assent was obtained.
The cost of the building is expected to further rise by the time agency fees and taxes are added but the commission may also need to expend additional N5 billion or more to put the carcass into a functional office use.
The deal, it was learnt is currently being opposed by members of the top management team of NAICOM.
It was gathered that the Deputy Commissioner in charge of Finance and Administration Mr Oba Oluniyi and other members of the top management opposed the decision to buy the property.
The deal, according to further findings is being opposed because any attempt to withdraw N5 billion from the coffers of the Commission will impact negatively on the welfare of workers particularly in terms of payment of salaries.
A source said that the Deputy Commissioners, the Directors and the legal department did not subscribe to the proposal to acquire the property months with just few months to the end of the Buhari administration. For some reasons, they felt the decision to acquire the property was inimical to the interest of the commission.
Investigations revealed that the top management was not convinced on the issue of the property because the NAICOM has a beautiful office complex which meant that acquiring a new office at a time of paucity of of funds is not a priority.
It was further gathered that the Minister of Finance, Mrs Zainab Ahmed whose ministry oversees the commission observed that NAICOM had a good office building/complex and wondered why the management should acquire a new building.
It was further stated that the Commissioner who is irrevocably committed to the acquisition of the property has started effecting changes in the management structure of the commission.
Mr. Oluniyi, the director in charge of Finance and Administration was said to have been transferred out of Abuja to Lagos to ensure that all perceived obstacles to the deals are cleared.
The Commissioner for Insurance was also said to have ordered a process to change the signatory to the account of commission at the Office of the Accountant General of the Federation to pave the way for the smooth execution of the deal.
It was gathered that moves are being made to get the money out of the Dollar Account of NAICOM with the CBN.
However, things came to a head on Monday when the Chairman of the Governing Board, led the members to inspect the building.
It was learnt that the Chairman of the Board, Dr. Abubakar Sani, advised against the acquisition of the building on the ground that it would require another N5bn to complete the carcass.
A source said, “The man (Commissioner for Insurance) is insisting on acquiring the building. Information reaching us is that the Commissioner boycotted the necessary protocols.
“He transferred the Director Finance and Administration and started mounting pressure on an Assistant Director in the Finance and Account’s Department to proceed to the Accountant General’s office to effect a change in the mandate to enable him to move out the money and this they have started doing. As I am talking to you, the process is ongoing.”
Attempts to get comments from the NAICOM was not successful as calls made to the Spokesman of the Commission, Mr Rasaq Salami did not go through.
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Former Ondo Deputy Governor Ali Olanusi Endorses Chief Abdul Tunji Mohammed (ATM) for Ondo North Senate
*Akure, Ondo State* — In a major boost to his senatorial ambition, Chief Abdul Tunji Mohammed, popularly known as ATM, has received the endorsement of His Excellency, Alhaji Ali Olanusi, former Deputy Governor of Ondo State.
The elder statesman formally adopted ATM’s bid to represent Ondo North Senatorial District during a courtesy visit to his Akure residence last week. The meeting, described by attendees as “warm and strategic,” saw Olanusi throw his political weight behind ATM ahead of the 2027 general elections.
Alhaji Olanusi is a towering figure in Ondo politics and a respected APC chieftain from Akoko, Ondo North. His political résumé spans decades: former Member of the House of Representatives, former State Chairman of the Peoples Democratic Party (PDP), and former member of the All Progressives Congress (APC) Board of Trustees. His voice carries weight across party lines and within grassroots structures in Ondo North.
Speaking during the visit, Olanusi commended ATM’s character, capacity, and commitment to the people. He also paid glowing tribute to the legacy of ATM’s late father, Alhaji Kunle Abdul, whose philanthropy and community development efforts remain reference points in Akoko land and Ondo State.
“The good work of your late father is still speaking well for you,” Olanusi said. “You have shown the same heart for service. Ondo North needs a Senator who understands the people and has the competence to deliver. I believe you are that person.”
Responding, Chief Abdul Tunji Mohammed expressed gratitude for the endorsement, describing Olanusi as “a father, a leader, and a compass for many of us in Ondo politics.”
“This endorsement is humbling. It strengthens our resolve to offer Ondo North a new model of representation — one that is accessible, developmental, and people-driven,” ATM said. “We will not betray this trust.”
Political observers say Olanusi’s endorsement is significant. As a bridge between the old guard and the new generation, his backing is expected to galvanize support across Akoko, Owo, and Ose — the key blocs in Ondo North.
With endorsements now coming from traditional leaders, youth groups, and elder statesmen, ATM’s senatorial ambition continues to gather momentum as the 2027 political calendar draws closer.
Signed
ATM Media Team
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Moyo Ogunlewe Applauds Bashir’s Solar Empowerment Initiative for Ikeja Youths
The Lagos State Director-General of the City Boy Movement, Hon. Moyo Ogunlewe, has commended Comrade Oluwadamilare Sonayon Adebowale Bashir for launching a transformative solar electrification training programme targeted at youths in Ikeja.
The initiative, described as a multimillion-naira empowerment scheme, is designed to equip young people between the ages of 18 and 40 with practical, market-relevant skills in solar installation, maintenance, and system management. It is expected to open up employment opportunities while fostering entrepreneurship within the renewable energy sector.
According to Bashir, the programme will train 100 beneficiaries in phases, beginning with an initial batch of 40 participants. The phased approach, he explained, is to ensure quality delivery, hands-on learning, and proper supervision throughout the training period.
Speaking on the significance of the initiative, Bashir noted that the programme is a strategic intervention aimed at tackling youth unemployment while addressing Nigeria’s persistent power supply challenges through sustainable energy solutions.
“This is not just about training; it is about creating a new generation of self-reliant youths who can contribute meaningfully to the economy through renewable energy,” he stated.
Reacting to the development, Hon. Moyo Ogunlewe lauded Bashir’s commitment to grassroots empowerment, describing the initiative as timely and impactful.
Ogunlewe emphasized that such forward-thinking programmes align with ongoing efforts to promote youth development and economic inclusion across Lagos State. He further noted that investing in renewable energy skills places young people at the forefront of a rapidly evolving global industry.
Also lending his voice, the Executive Chairman of Kosofe Local Government, Hon. Barrister Moyosore Ogunleye, praised the initiative, highlighting its potential to transform lives and reduce unemployment at the community level.
The much-anticipated training programme, already generating buzz within Ikeja and beyond, is scheduled to hold on Monday, April 27, 2026, at Onigbongbo Local Council Development Area. Participants will be drawn from eight wards across the local government, ensuring broad-based inclusion and community impact.
Stakeholders believe the initiative could serve as a model for similar youth-focused renewable energy programmes across Lagos and Nigeria at large, especially at a time when alternative energy solutions are becoming increasingly critical to national development.
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Tayo Ayinde: The Quiet Engine of Lagos’ Governance
In the complex theatre of governance, where noise often masquerades as impact, few figures embody disciplined authority and strategic boldness like Tayo Ayinde, Chief of Staff to Governor Babajide Sanwo-Olu of Lagos. He is not a headline-chasing leader. Instead, Ayinde represents a rare breed, a calm but commanding operator whose strength is expressed through control, precision, and unwavering loyalty.
Ayinde’s personality is deeply rooted in his formative years within Nigeria’s security architecture. Having served in the State Security Service (SSS), where he rose through the ranks before retiring in 2009, he developed a mindset shaped by vigilance, intelligence gathering, and calculated decision-making.
This background did not just shape his career; it defined his temperament. Those who have observed him closely describe a man who is perpetually alert, mentally agile, and instinctively strategic. He anticipates rather than reacts and focuses on outcomes rather than optics.
His boldness, therefore, is not performative; it is institutional.
Nicknamed “Buffalo” by colleagues and associates, Ayinde’s personality reflects a striking paradox: gentle in appearance, yet formidable in execution. He carries a commanding presence while maintaining a composed and approachable demeanor. In political and administrative circles, he is known to demonstrate focus under pressure, maintain emotional discipline in crisis situations, and project authority that commands respect without coercion.
This blend of calmness and inner strength is what makes his leadership style uniquely effective. He is the type of leader who can enter a room quietly and still shape its direction.
Within the Lagos State Government, Ayinde is more than a chief of staff in title; he is widely regarded as the operational nucleus of the administration. He coordinates complex policy frameworks with precision and serves as a critical bridge between political leadership and administrative execution. In doing so, he manages competing interests without destabilizing governance.
President Bola Ahmed Tinubu has described him as a dependable ally and a stabilizing force, an acknowledgment of his ability to manage responsibility without being consumed by it.
Ayinde’s office is often described as a “solution centre”, a place where issues are addressed with clarity and speed rather than prolonged debate.
In Nigeria’s often unpredictable political environment, loyalty can be fluid. Ayinde, however, represents a different doctrine: loyalty as a strategic principle. From his days as Chief Detail to President Bola Ahmed Tinubu to his current role, he has built a reputation as a leader who understands power, respects hierarchy, and safeguards institutional continuity.
His consistency stands out. He does not shift with political winds, nor does he deploy influence for personal spectacle. Instead, he prioritizes structure, stability, and long-term outcomes. This approach has earned him a trusted position within Lagos’ political landscape, with credibility that cuts across different interests.
Beyond governance, Ayinde’s personality reveals a strong humanitarian dimension. Known for his quiet philanthropy, he has supported widows, orphans, and vulnerable communities over the years, often without public attention. His Ikeja residence is frequently described as an “open door,” reflecting a leadership philosophy grounded in accessibility and compassion.
This balance of firmness in leadership and empathy in human engagement, completes the architecture of his character.
In an era where leadership is often equated with visibility, Tayo Ayinde represents a different model, one defined by substance over spectacle. He is a strategist who thinks ahead, a coordinator who turns policy into reality, and a steady hand in complex systems.
His story is not one of flamboyance but of structured influence, disciplined authority, and consistent delivery. His impact is measured not by volume, but by his ability to guide outcomes, stabilize systems, and sustain governance at the highest level.
In the evolving narrative of Lagos State, Ayinde stands as a reminder that true power does not always announce itself. It operates, delivers, and endures.
~ Ayo Olusegun Writes
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