Femi Fani-Kayode took over the real Antecedent of his
Father - S.B. Falegan
By Toyin Akingbade
February 26, 2015. 11:50am
Africa Daily News Magazine.
The pioneer Managing Director/Chief Executive of the
Federal Mortgage Bank of Nigeria Chief S.B. Falegan the
Atoye of Ado-Ekiti has again blasted Femi Fani-Kayode
son to the late Chief Remi Fani-Fayode for stepping into
his father's shoe
Chief Falegan made this known in his New book "Titled
MY YESTER-YEARS" Page 82-83 read thus
"I wish to mention three or four issues that were hatched
and meant to destroy and eliminate me completely but for
the grace of God . I have written my "Aide - Memoire for
succeeding Managing Director." It is a summary of the
problems of what I underwent in the FMBN and the battle
I waged with a group of political rascal led by CHIEF
REMI FANI-KAYODE who felt that once they were
politicians, the opinions of others did not matter and that
such people should be treated as slaves with no stake ,
and no opinions.
Falegan said apart from the selfish pursuit of greed, and
personal enrichment at the expense of the country by late
Remi Fani-kayode , he listed the incident he experienced
with Late Chief Remi Fani-kayode who almost destroy
my image and to, in fact, kill me.
Chief Remi Fanikayode, a stalwart of the defunct Action
Group under the leadership of late Chief Obafemi Awolowo
and former and former Deputy Governor under the late
Chief Ladoke Akintola's Democratic Party (a break-away
party from the Action Group) and later one of the top
leaders of National Party of Nigeria (NPN) wrote a letter
to me as the Managing Director (FMBN) to lend him
N5million for an unspecified purpose. I took the pain, out
of sheer respect, to write to him to be more specific as to
get the purpose of the loan. I also let him know that the
limit of my authority for mortgage loan was not more
than N1million ; even then, I had to get the Board's
approval before I could exercise that authority. Lastly, I
suggested that he could write the board directly (since
they all belong to the same political party, the NPN) for
assistance and that as thing stood, if the board directed
me to help with specific guidelines relating to my function
within limits of mortgage financing, I would be willing to
help.
After about six months' period of non-communication or
response from him, I saw a petition against me from Chief
Remi Fanikayode sent to my board of Directors and the
federal Minister of Works and Housing, Dr. Wahab
Dosumu. The accusation against me was my refusal to
lend him the money mentioned above. He supported his
accusation against me with spurious allegation that I was
a die-hard UPN party supporter, who should not be
allowed to hold any office under an NPN controlled
government. He went on to falsely accuse me in his
petition to the board and my Minister that I used the
Federal Mortgage bank fund to finance "Ife Stores" at ile
ife, his hometown . " Ife Stores" happens to belong to my
sister, Chief Mrs Bola Adenuga ( nee Bola Falegan now
dead) married to late Prof. Ade Adenuga.
Ironically, this same " Ife Stores" caused a permanent
scar between me and my sister, who out of ignorance and
misinformation, felt I should lend money to her from
FMBN to build " Ife Stores " a purely commercial venture
as against home-loan finance function of FMBN. I took
her to request to a commercial bank in Ibadan where I
provided my personal surety for the loan to finance lfe
Store.
I took two steps immediately I received a copy of Chief
Remi Fanikayode's petition: I went to see Minister of
Works and Housing, Dr. Wahab Dosumu with my letter of
resignation as MD of FMBN. I slated my case before the
Minister. He requested to know my next course of action
and I told him I had my letter of resignation to hand over
to him . To my pleasant surprise , the Minister said to me
" Chief , no you can't resign. One thing you don't know is
that I have enough information about you as a man of
integrity , hardworking and of unalloyed patriotism and
commitment to whatever you do. I have a good report of
you from Mr. Ola Vincent the Governor of Central Bank.
You see this is how the Yorubas destroy themselves and
marginlization themselves from the government so go
back to your work. I have so directed the board orally."
Thereafter I went straight to the board which was
meeting at the time and they welcomed me with subdued
word, to my surprise the board said Chief , don't be too
upset. We in the NPN merely tolerate people like Chief
Fani-Kayode in our party for the spoiling role he had
played in the party. If Fani-kayode can betrayed Baba
Awolowo , we had no cause to trust him.
The Central Bank Governor Mr Ola Vincent later called me
and advised me to take things easy. When the Ooni of Ife,
Oba Okunade Sijuade, Olubuse II called me that he
wanted to bring the two of us together as Nigerian knew
what is happening between us . I did not mince words in
letting Kabiyesi know that I preferred not to mEet with
Chief Remi FaniKayode ever in my life time, otherwise if I
ever stretched my right hand to shake his own, my right
hand would turn into a cutlass and I would cut him to
pieces. Indeed I never met him and I read about his death
and burial in the newspapers.
Chief Samuel Bandele Falegan concluded that going
through Chief Remi Fani-Kayode's rascal antecedents in
the Nigeria Politics during the NPN, Femi Fani-Kayode is
a real son of his father and public should appreciate his
lies otherwise, if Femi FaniKayode could say President
Jonathan government is a bad omen to the country and
thereafter he decamped to the PDP and people can see
him with his re-twisted propaganda taking after his
father's styles

Omo ti ologini ba bi, ologini ni yio jo

The child of a cat must look like a cat.

And just as his father was ostracised from Ife kingdom such fate shall befall FFK too.

Shoki lobe oge... I won't talk too much.

u just dey pass...

i just dey pass...

If we don't know our history, how do we know our destination??

If we don't know our history, how do we know our destination?