AfDB Joins TEF Programme Catalysing Entrepreneurship Across Africa
Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019 TEF Entrepreneurship Programme. $2.5m was released today, with the remainder expected to be disbursed to the entrepreneurs in Q12020.
The AfDB commitment follows the recent $8.5 million disbursement from the United Nations Development Programme (UNDP) to 2,648 entrepreneurs in the Sahel region and Africa more broadly, and further accelerates the economic empowerment generated by the Tony Elumelu Foundation. In 2019, the Foundation significantly increased the scale and reach of it impact, with the number of beneficiaries of its flagship Entrepreneurship Programme rising from its annual commitment of 1,000, to 5,150, in collaboration with global and African partners.
With its commitment to strengthen small and medium-sized enterprises and develop young entrepreneurs, AfDB joined the growing list of global development institutions benefiting from the Tony Elumelu Foundation’s unique model of identifying, training, mentoring and funding entrepreneurs and start-ups across Africa. The partnership demonstrates the implementation of the AfDB’s ten-year “Jobs for Youth in Africa” strategy, launched in 2016, to support the creation of 25 million meaningful jobs across the continent.
The partnership illustrates TEF’s willingness to share its infrastructure and know-how, with others who share the mission to empower young African entrepreneurs and TEF’s goal of creating millions of jobs, as well as generating billions in revenue, to catalyse economic growth across the continent.
The Foundation is currently accepting applications to the 2020 cohort of its flagship Entrepreneurship Programme on TEFConnect.com, Africa’s digital hub for entrepreneurs.
One of the top shots at the Nigerian National Petroleum Corporation-NNPC, Josiah Adediran Ikusemoro must have bitten more than he can chew if information at our disposal is anything to go by.
The man who’s presently running from pillar to post over his messy divorce case with his wife of many years, Enquirermag gathered has resorted to ritual consultations as a last solution over his plight.
According to inside sources, Ikusemoro, 57 who hails from a ruling house in Bunu Kabba local government area of Kogi State has been trying hard to put an end to the pending divorce case so he can marry his 20 something years old younger lover who just finished her youth service.
Close sources confided in this office that, the Bunu Kabba Prince who’s one of the topflight staff of NNPC in Benin, Edo State has been lavishing lots of money on the young girl whose parents live in Ibadan.
We gathered that as at last count, the man has bought the young girl who’s now his live-in-lover in Benin home, cars and several other worldly accomplishments just to force her into marrying him.
Josiah Adediran Ikusemoro
Bubble burst however when Ikusemoro was spotted in company of his driver, Sunny somewhere in Ibadan at a herbalist hideout where he’s gone for spiritual consultations and he was also said to have visited another of his spiritual father in Iwo, Osun State where he was said to have written names of his parents, ex-wife’s name and that of her parents and even his younger lover should she refused to marry him after all he has spent on her.
This office was appalled of the lengthy story of his dirty spiritual escapades which is quite unbefitting of a petroleum engineer of his status and when we made efforts to get in touch with him, perhaps to clear the air, so as not to misrepresent his person, instead, Mr. Ikusemoro threw caution to the wind and began to threaten us, “where did you get my number from, who’re you to open your mouth to talk to me, where did you see me in a herbalist place, do you think you can blackmail me, infact, you will suffer for this, am going to send this number to the SSS and they will get you arrested, quote me, I will make sure I finish you”, the man threatened and finally hung up in a very rude manner.
We have since been waiting for his SSS and have began to dig more about his dirty lifestyle and facts of his pending divorce case before Hon. Justice H.A Courage Ogbebor.
Two limited liability companies Sunlek Investment Limited and Sunsteel Industries Limited have slammed N7billion suit on First City Monument bank Plc FCMB over alleged breach of contract.
In a 126 paragraphs of statement of claim accompanied by another 27 paragraphs of a witness sworn to on oath and filed before a Federal high court sitting in Lagos south west Nigeria by a Lagos lawyer Mr. John Olusegun Odubela SAN, the two companies alleged that they operated loan accounts with First City Monument Bank upon which disbursement was made for all letters of credit /loan facility granted to them by the bank for the importation of raw materials.
However, since 23rd May, 2013 when the bank entered into an agreement to grant them loan, and open a loan facility account for them till date, they have not been given the particulars of the loan facility account neither has any statements of account of this loan account been made available to them.
The plaintiffs companies alleged further that by commitment letter dated 23rd May, 2013 and the term sheet for facility duly signed /executed by the two parties, FCMB committed and undertook to fund on fully-underwriten basis the debt finance of $1,500,000 and N422,500,000. Thereafter, other loans facilities were granted to the companies by the bank.
The total amount of the letters of credit opened by the bank in favour of the companies is $8,003,247.5 out of which said sum the companies contributed 10% based on the terms of the grant of the various offer for facility utilized to open letters of credit from 22nd ,March 2013 to September, 2017. The loans facilities were well secured.
The plaintiffs contended that from the available records available to them, it was reflected that they have fully repaid their indebtedness to the Bank.
However, the companies were bewildered when they received the bank’s letter that their indebtedness to the bank as at 14th of March, 2019 is in the sum of N1,129 884,104.72., that the debt should be liquidated within 14 days, despite the fact that they have fully repaid the loan they took from the bank.
Consequently, they engaged the services of accounting firm to audit their account,the plaintiff by their letter and their solicitor’s letter requested for statements of accounts of the loan accounts from the bank, but the bank has deliberately refused, failed and neglected to make available the said statement of account. However from the forensic analysis of their accounts, the plaintiffs contended that they are not in any way indebted to the bank in the sum of N1,129,884,104.72.
From the forensic audit report it was discovered that there were two transactions carried out on letter of credit, wherein substantial volume of the product were damaged.
The value of items purchased by the letters of credit was in the sum of $1,999,965 for the importation of cold rolled steel strips, galvanized steel strips and Zinc wire from Chemetals(HK) limited Unit 1105H/F Lippo Center 89,Queens Way Hong Kong. FCMB is solely and unilaterally liable to undertake all the risk Insurance policy Clause A for the consignment/raw material to be imported by virtue of the letter of credit.
The bank solely negotiated insurance policy obtained for the products purchased and appointed Mansard Insurance Plc to provide insurance cover Clause C for the importation of the consignment. Upon taken delivery of the consignment after payment of custom duties and port charges, it was discovered that a large volume of the said consignment were in various forms of damaged conditions.
The plaintiffs informed the bank about the damaged consignment and the need to pursue insurance claim for the damage consignment,the bank requested for documents from the officers of the plaintiffs which was sent to them to pursue the claim.
However, the agent of the bank sent a report to the plaintiffs to inform them that from the nature of damages to some of the products, the insurance policy, being a Clause C policy as undertaken by the bank is not sufficient to cover the nature of loss from the said damages to the products. The total value of the consignment damaged is in the sum of $628,386.23 and N336,136.692.66. The bank ought to have undertaken an all risk insurance policy cover with the insurance company. As a result of the damages to the consignment,they were not fit for use and could not be refined in the plaintiffs machine and remained in the plaintiffs factory as junk or waste material.
The plaintiffs averred that they have suffered financial loss as a result of the breach of contract in the sum of N884,934,268.56 which has negatively affected their business operation since 2014 till date. The plaintiffs averred that they are entitled to claim damages for breach of contract against the bank who had by its various acts of breaches of the various letters of offer for facility caused great loss to their business. Consequently the plaintiffs claim against FCMB jointly and severally are as follows:
General damages in the sum of N5billion.
A declaration that the plaintiffs are not indebted to the bank in any sum premised on the fact that they have settled all their indebtedness on the facilities granted to them by the bank. A declaration that the bank breach the terms of letter of credit and is liable for the loss of the letters of offer on importation, in the sum of $1,999,865.
A declaration that the bank is liable to refund to the plaintiffs N884,934,298.56,being the losses uncured on the damaged consignment purchased through letters of credits,and failure and refusal of the bank to obtain an all risk insurance policy for the shipment of the said consignment.
An order for the payment of N826,996,135.00 being the total sum wrongly debited on the plaintiffs account by the bank. An order of the court restraining FCMB from appointing and or registering any instrument of appointment of an official receiver or any instrument whatsoever made for the purpose of enforcing the security for the payment of alleged indebtedness in the sum of N1,129,884,104.72 being allegedly claimed against the plaintiffs by the bank. Cost of litigation assessed at N250 million.
Former Deputy Governor of the Central Bank of Nigeria, CBN, and presidential candidate of the Young Progressive Party, YPP, Prof. Kingsley Moghalu, has called on the federal government to make Nnewi a full manufacturing hub in Nigeria to serve as a panacea for the chase for foreign investment.
Moghalu, who made the call weekend during the Nnewi 2020 Investment Summit contended that Nnewi would hardly become a successful manufacturing hub based on the efforts of the private sector alone hence the need for the federal government to provide the necessary amenities to make businesses thrive in the area.
Muoghalu who was the lead speaker at the event lamented that the federal and state governments in Nigeria are always on the move, looking for foreign investments, when it could support a huge manufacturing hub like Nnewi to reach its limit and in turn help in growing the nation’s economy.
He said, “Nnewi is the only industrial town in the whole world that is growing without the support of government. A huge manufacturing hub that was started from the scratch by indigenes of the town and has continued to grow without the support of the government.
“It will not be out of place to say that the federal government has abandoned Nnewi. Do you know what people in Nnewi will do if what government did at the Lekki Free Trade Zone is done here?
“Let me tell you, manufacturing sector is the easiest way to grow the economy of a country. It doesn’t matter the number of mineral resources you have. How many mineral resources does China have? You can only survive by manufacturing and exporting your products, and that is why China is surviving today.
“That is why I always say that the chase for foreign Investment is a wild goose chase. If you create the right environment, investments will come. Money knows where to go and multiply, you do not need to go asking it to come. Instead of pumping in Naira to rival the dollar, why not create a manufacturing hub and once products are exported and foreign exchange is earned, you will see the economy grow on its own,” Muoghalu said.
Muoghalu also tasked the Nnewi business community to show maximum interest in politics. He contended that politics influences public policy, and that when the right kind of people are in political offices with ideas that can drive business and manufacturing, then, businesses would not face as many problems as they were facing presently in Nigeria.
Mr Kelechi Nwosu, the CEO of TBWA, a leading marketing company and co-sponsors of the event in his welcome address said that the summit is an inaugural event put together to rub minds on ways to scale up growth in Nnewi.
Earlier, the member representing Nnewi North, Nnewi South and Ekwusigo Constituency at the national assembly, Hon. Chris Emeka Azubogu, said the dream of the greater Nnewi industrial hub could be achieved when government provide needed infrastructure to drive manufacturing and also reshape policies that would help drive industries.
According to him, “Government has to work hard to ensure that the policy on energising the economy works in Nnewi. Again, Nnewi business community has to generate power locally; I mean independent power source. When we get reliable, affordable and sustainable energy and support it with what we are getting from the national grid, it will stimulate both economic and industrial growth.”
Assistant Administrator of the U.S. Agency for International Development’s(USAID) Middle East Bureau, Michael T. Harvey, Acting Assistant Administrator in the Bureau for Africa at the U.S. Agency for International Development,(USAID) Christopher Maloney, E.D Treasury & International Banking UBA, Abdoul-Aziz Dia, Group Head, Consumer & Retail Banking, UBA Jude Anele during the signing of the memorandum of understanding to advance trade and investment goals of Prosper Africa, held in Tunisia on Thursday
U.S Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa.
This partnership ensures businesses are equipped with the technical and financial tools they need to enter into new trading and investment relationships in Africa and the United States.
USAID will provide technical assistance and advisory services to prospective businesses through its Trade and Investment Hubs, and will connect UBA with African Diaspora business groups working across the United States.
The MOU enables UBA, the only sub-Saharan African bank licensed to operate in the United States, to expand access its reach and extend financing to American companies in the United States looking to do business with African nations.
Recognizing tremendous growth opportunities, USAID and UBA are collaborating to advance Prosper Africa’s goal of substantially increasing two-way trade between Africa and the United States.
By working together, they will extend financing and technical assistance to businesses that will strengthen the American economy, grow African economies, and create jobs on both sides of the Atlantic.
The two institutions entered into this agreement as part of the opening ceremony of the Tunisia Prosper Africa Conference, co-organized by the U.S. Embassy in Tunis and the American Chamber of Commerce of Tunisia.
The event facilitated U.S. and African business-to-business connections and featured remarks by key representatives from the U.S. Government and the U.S. and African private sector.
For general press inquiries, please contact Press@USAID.GOV.
In its resolve to build a sustainable economic growth in Africa, a world class infrastructure building giant, International Service Group (ISG) has vowed to empower Africans and enhance economic advancement, as it promises to collaborate and finance any willing government in Africa to fund projects that will boost the economy of the nation.
In the organization’s New Year package for the Continent of Africa aptly tagged ”Vision 2020”, ISG detailed its projection on how it intends to finance willing African governments to create economic growth in their countries by improving, renewing and adjusting the infrastructure.
Chief Executive Officer of the International Service Group (ISG), Mr. Steven Tuinstra.i
In a statement signed by the Chief Executive Officer of the International Service Group (ISG), Mr. Steven Tuinstra, the organization believes that if Africa concentrates on the development of Infrastructure and fights corruption, the continent is capable of ruling the World.
ISG, according to Tuinstra, in its Vision 2020 package for Africa is committed to providing funding for any country that is ready to develop their country to a higher level, declaring that the organization has projected billions of dollars to render Financing to any country on the continent that is willing to embark on capital projects that will enhance development and job creation for the citizens.
Tuinstra mentioned further that, the areas of Interest for the organization in building infrastructure in Africa include roads, railway, airports, ports, bridges, and electricity to improve power amongst others, as he assured ISG’s total financing of projects in the one specified areas.
He pointed out that his experience in Africa has exposed him to the fact that even though Africa is rich on resources, people are very poor with no jobs for the citizens.
According to the ISG boss, traveling across Africa and seeing people suffering in spite of the enormous wealth in resources calls for concern. He thus vowed that ISG through its unique funding model that connects all of the dots is now ready to make the necessary financing available, which has been the main issue of the African nation to improve lives for African citizens.
Tuinstra, in the statement disclosed that ISG is currently financing projects all over Africa, ISG has among others signed agreement to build an Olympic Village in Ivory Coast towards the successful hosting of CAF 2023, while Plans are in top gear to finance the construction of 100,000 low cost housing unit in Ghana and the construction of Railway throughout West Africa.
He concluded that the infrastructure building giant would leave no stone unturned in ensuring that Africa realizes its potentials.
Meanwhile, the Organization has appointed a Nigerian International Journalist, Moses Owopade as its Media & Publicity Adviser.
Pan-African financial institution, United Bank for Africa (UBA) Plc, has revamped its NextGen account which targets students in tertiary institutions and members of the National Youth Service Corps (NYSC), with added features and benefits.
NextGen is a suit of personal accounts designed to meet the needs of young persons, grooming and growing with them from teenage years to adulthood. The bank takes up an additional role of mentorship these young ones and assists with tips towards guiding their future. The added benefits would confer premium services to the young account holders.
UBA, which operates in 20 African countries, introduced NextGen Account to encourage active savings among young people and teach them to manage their money effectively while enjoying world-class services that suite their lifestyles
Jude Anele, Group Head, Retail Banking, UBA said the importance of inculcating in young people the culture of saving and being finance-wise cannot be overemphasized, hence the importance the bank attached to the account.
“The NextGen Account is our way of putting students in charge of their money so they can do more, especially at this critical stage of their lives with an account that comes free of fees,” Anele said.
“The new NextGen Account opens students and NYSC members up to several benefits and opportunities, including multiple digital channels that makes banking just another fun thing to do on their mobile phones,” the Retail Banking head added.
As a plus, the NextGen Account holders stand to win pocket money, complimentary invites to prime events and enjoy zero charge on all transactions.
Group Head of Marketing Dupe Olusola, who also spoke about the revamped NextGen Account disclosed that NextGen which the bank says is more than just an account, will partner with DRBLasGidi, a three-member group to ignite the interest of young people in the offering.
“DRB LasGidi have proven to be culture shapers, pioneering the popular Alté (meaning alternative) movement, which promotes self-confidence and encourages young people to embrace their individuality.
“As the face of the Alté subculture in Nigeria, DRB LasGidi is a perfect representation of the NextGen lifestyle of self-confidence and uniqueness,” Olusola said.
Bolaji Ojodukan popularly known as BOJ, who spoke on behalf of DRB LasGidi, expressed excitement at the partnership.
“Like most young people today, we were just being ourselves. But now, we have a movement and now our own bank; the Alté Bank of Africa,” BOJ said.
Pan African financial institution, United Bank for Africa (UBA) Plc on Tuesday, launched the ‘UBA Bumper Account’, a hybrid account, targeted at transforming the lives of its customers. The new account is in line with the bank’s mission of creating superior value for its stakeholders while encouraging saving cultures among Nigerians.
The account, carefully crafted to improve the lives of the UBA customers, will offer account holders an opportunity to win cash prizes of up to N2 million.
Speaking during the launch and monthly draw which was held at the UBA Head Office, in Lagos on Tuesday, the Group Head, Retail Banking, Jude Anele said, the New ‘UBA Bumper Account’ was created with the customer in mind.
Anele said, “We have in recent times deepened our focus on the most important aspect of our business – the customers we serve. Hence, our huge investment in technology to make banking easier and seamless, even as we introduce new offerings such as this Bumper Account, that will deliver improved value to stakeholders.
He explained that new and existing customers of the bank need to ensure they have a minimum deposit of N5,000 in their UBA Bumper Account to qualify for draws. According to him, current UBA customers are to dial *919*20*1# to migrate to the UBA Bumper Account whilst potential customers should dial *919*20# if interested in opening a UBA Bumper Account.
In the first draw which was held live during the official launch in Lagos today, a total of 100 customers emerged winners as the Bumper to Bumper Crooner, Wande Coal serenaded guests with his famous hit songs to the delight of all present.
“A total of 100 customers emerged winners at the live draws which took place here today, and as you have seen, some of our customers here present were part of the lucky ones who won N100,000 each. From here on, lucky customers will win from N10,000 to N2 million each in the monthly, quarterly and targeted draws,” Anele stated.
He added that a monthly shopping allowance of N100,000 for a year is also up for grabs. “No fewer than 50 account holders will get a whopping N2 million each across all participating regions. This account is open to both existing and new customers of the bank who save a minimum of N5,000,” Anele noted.
Amos Wisdom, one of the winners present, could not hide his joy when he was announced as one of the winners. “I am still very amazed. Before I came here, I had the conviction that I would win. All my life, I have never won anything like this, and I am very happy that I won this time. Thank you so much UBA,” he said.
Another winner, Ohagbelum Peace, who could not believe it when her name was announced said if she wasn’t present herself, she would not have believed in promos like the UBA Bumper Account. “I am very grateful. This is a new experience for me and I am now a number one fan of UBA. This has re-enforced my belief for this bank.”
The Deputy Director and Co-ordinator, National Lottery Regulatory Commission was present during the event to ensure that winners were properly selected in a fair manner without prejudice. She noted that the commission had worked with UBA in many promos in the past without any issues.
The Head Consumer Banking, Chiedu Ibeku appreciating the customers present, said, “we had two major objectives for this account which is to say a big thank you to our customers for being there and most importantly, to encourage a savings culture. Our intention is not only to reward loyalty but also to transform the lives of our customers for good”.
“UBA will not relent, because we are aware that if our customers succeed, we ultimately succeed too and this will spur us on to make the desired impact in their lives,” she said.
Following ten years of impact and current 9,631 beneficiaries, Tony Elumelu Foundation enhances the TEF Entrepreneurship Programme to empower more entrepreneurs
Thousands of entrepreneurs to receive business training
Continent wide Pitching competition to herald the final selection of entrepreneurs to receive seed capital funding
A Cross-section of African Entrepreneurs at the TEF Entrepreneurship Forum
On the heels of the tenth anniversary of the Tony Elumelu Foundation (TEF), the private-sector-led philanthropy focused on empowering African entrepreneurs has enhanced its flagship Entrepreneurship Programme to empower more entrepreneurs across the continent.
These enhancements, which took effect from January 1, 2020—the launch of the 6th cycle of the Programme—will achieve the Foundation’s mandate to transform the African continent through entrepreneurship.
Most prominent among the enhancements are the new dates in the Programme cycle, its emphasis on providing thousands of entrepreneurs with business training, and its focus on leveraging technology to optimise the application and selection process as well as personalise the journey of each applicant in the Programme tailored to their knowledge and business stage.
The Programme cycle has been updated to place more emphasis on getting more entrepreneurs through the business training. Hence, the announcement of the finalists, who will ultimately be inducted into the TEF Alumni network, will no longer be held on March 22 but will be made at the TEF Forum – the largest entrepreneurship conference in Africa.
Maximising the value derived from the Programme, applicants will now receive instant feedback on their progress to the next stage of the Programme, following their applications. Shortlisted applicants will receive business training tailored to their business stage and for those who move to the next stage mentorship and finally the top performing entrepreneurs from each country will proceed to the business pitching competition, which will determine the finalists to receive seed capital and an induction into the Foundation’s fast-growing alumni network across 54 African countries.
The TEF Entrepreneurship Programme is the $100million commitment by investor and philanthropist, Tony O. Elumelu, CON through his investment company, Heirs Holdings. The Programme has become a beacon of hope for African entrepreneurs, currently empowering 9,631 beneficiaries across 54 African countries with training, mentorship, seed funding and exclusive access to global opportunities as well as a strong entrepreneurial community.
Princess Adeyinka Tekenah, TEF Alumnus from Nigeria with her locally sourced and processed coffeeMohammed Dhaouafi, TEF Alumnus from Tunisia with his affordable, 3D printed, bionic customiseable prosthesis.
TEF Alumni such as Ugandan Kwabena Danso who manufactures bicycles and its accessories from bamboo is one of the thousands of beneficiaries whose business has expanded beyond the shores of Africa to a global market, and is one of the success stories and impact recorded by the Programme’s innovative approach to the sustainable development of Africa. Others include Mohammed Dhauoafi from Tunisia, founder of Cure, a 3D printed, biosynthetic prosthesis manufacturing company and Princess Adeyinka Tekenah from Nigeria whose coffee making business has been dubbed Africa’s Starbucks by The Financial Times.
The application for the 2020 cohort of the TEF Entrepreneurship Programme is open till March 1, 2020 on TEFConnect.com.
A N20m fundamental human rights suit has been filed against Inspector General of Police, Mohammed Adamu and six others over allegations of unlawful detention, torture and inhuman treatment of a Lagos-based businessman, Akinfolabi Akindele,
The case was filed before a Lagos High Court sitting in Igbosere, has as co- respondents, the Assistant Inspector General of Police, Force CID, Alagbon, Lagos; Assistant Inspector General of Police Force, Zone 2, Onikan, Lagos; Lagos State Commissioner of Police; Deputy Commissioner of Police State CID Panti, Lagos; Alhaji Azeez Ashiru, and Sergeant Adeyinka Adekunle
The applicant in the suit accused the Inspector General of Police and other respondents, of violating his fundamental human rights by arresting and detaining him in a brutal manner, sometime in February, 2019.
Akindele, who is also the Managing Director of Adamakin Investment, in the suit marked as TEMP/49826/2020 filed through his Lawyer, Idris Mohammed Doko, stated that at the behest of Alhaji Azeez Ashiru (the sixth respondent), sometime in February 2019, he was arrested, brutalised, detained and without being allowed to legal representation, compelled to make statements on each occasion of his arrest and detention without arraignment before any court of law till date.
He prayed the court to declare that the humiliating and brutal arrest and detention constitute a violation of his fundamental rights to dignity of the human person, guaranteed under Sections 34 and 35 of the Constitution of the Federal Republic of Nigeria 1999 (as amended) and Article 3 of the African Charter on Human and Peoples Rights (Ratification and Enforcement) Act Cap A9 Laws of the Federation of Nigeria 2004.
He further asked the court to declare that the fresh invitation sent to him on a matter that has already been investigated and concluded by the Deputy Commissioner of Police State CID Panti, for the purpose of restricting his movement, personal liberty and freedom, constitute violation of his rights under Sections 34, 35, 36 and 41 of the 1999 Constitution.
Also, he is asking the court for an order of perpetual injunction restraining the respondents whether by themselves or their officers, agents or representatives, from further harassing, intimidating, and or arresting him, or interfering in respect of the facts or transactions in the case, or any fact relating to the management of Estate of Madam Iyabode Efunroye Tinubu, for which the Respondents have been harassing, arresting and detaining him.
In addition, he asked the court for an order directing the respondents to jointly and severally pay him the sum of N20 million, as damages for violation of his fundamental rights.
Akindele in the affidavit in support of the motion, averred the that on August 27, 2012, the head of Tinubu family, other accredited representatives of the family, as well as the Trustee of the Estate of Madam Iyalode Efunroye Tinubu, gave him the Power of attorney dated August 27, 2012.
“By virtue of the said power of attorney, I was saddled with responsibility of managing or administering the entire Estate of Madam Iyalode Efunnroye Tinubu as Chairman and Managing Director of the company, which comprises of vast expanses of land across Lagos and Ogun State known as Ewe-Agbibo and Iwaya Farm Land, covered by the survey plan drawn by late Herbert Macaulay with registered title No. 45 at page 45 in volume 2212, comprising about 4.5 miles as delineated in the upgraded survey plan. Attached and marked Exhibit AD2, is the copy of the survey plan.
“That the various portions of the said expanse of land is occupied by known and unknown persons, as delineated in several survey diagrams exhibited in this affidavit and marked Exhibit AD3. “On becoming aware of the illegal or unauthorised occupation of the lands, I instituted an action against unknown persons in this court, in Suit No. LD/1604LM/17 currently pending before Hon. Justice Pedro sitting at Tafawa Balewa Square, Lagos, challenging the adverse claim of the ownership of any potion of land belonging or forming part of Madam Iyalode Estate.
“Alhaji Adio Lumosa is currently in Court in respect of same issues reported above, and had also earlier reported the same matter to Efcc for investigation, where it was established that the allegations were not only baseless, but false.
“Notwithstanding the fact that the matter had already been investigated by the EFCC, they did not bother to get in touch with the EFCC for the outcome of the investigation, nor confirm from the court in Lagos and Ogun State, where the matter was instituted by Alhaji Lumosa in suit no Temp/41292/2018, Alhaji Adio Kazeem Lumosa & 2 Ors v Akinfolabi Akindele, Suit No. AB/243/52019 High Court Abeokuta, Suit No. ID/6319GCM/2019 at the High Court Ikeja, but kept me in detention for well over one week.
“In fact, they transferred me from their cells at Obalende to the Anti-cult unit of the Police at Gbagada, Lagos, where I was put in the cell with some hardened criminals who continued to beat me mercilessly, until I was later separated by the station officer, upon my cry for help and made a manhunt for the lawyers representing me in the defence and prosecution of these matters, at various courts in Lagos and Ogn State.
“In fact, Mr Kunle Awoma Esq, my Lawyer, who was invited to come for my bail at their office in Obalende, Lagos, was also arrested and detained with me till we were moved to the office of the IGP in Abuja, before we were granted bail,” he averred
