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Yayi's Promoter, Ade Sunmonu Oje, exposes another Tekobo Politician Like His Paymaster


By Duro Ilesanwa


Ade Sunmonu Oje is one of the promoters of the dare-devil project by a Lagos-based politician, Senator Solomon Olamilekan Yayi who is bent on becoming the governor of the near-by Ogun State after spending his entire political career in Lagos State.

Yayi and others like him, including Mr. Jimi Lawal and Senator Olorunmbe Mamora, have been been given a tag that has caught the political landscape of Ogun State like wildfire. Next time you hear the lexicon "Tekobo", do not be aghast wondering What does this mean? It's a sobriquet calved by observers in Ogun State to give true meaning to these wandering politicians who have been used in Lagos State and will become adulterated products in Ogun State.

The latest dish from the pot of Ade Sunmonu Oje who many observers believe is a hired hand of Senator Yayi representing Lagos West in the Upper Chamber of National Assembly, is the tirade against a fellow Tekobo politician like his pay master.

He wrote and I quote:


"30 Hidden Facts/Secrets About Shakiru Olajimi Adebisi Lawal (Jimi Lawal).

.... Reasons why he is not fit to become a governor or hold any public office.

1. He was the former managing director of the now defunct ‘wonder bank’ Alpha Merchant Bank who was convicted for a massive bank fraud in absentia in Nigeria, divorcee in the United States of America, believed to be wanted there for tax matters.

2. Not many homes in Nigeria, have fully recovered from the bitter memories of the agony the mismanagement of Alpha Merchant Bank, under Lawal, wrought. One instance was the sad story of Chief Michael Omisade, former chairman of the National Bank of Nigeria and director at Alpha. Omisade, co-founder of the bank with Lawal, whose law chambers undertook the task of incorporating the bank, suffered from stroke in the aftermath of the distress that hit Alpha in 1993.

3. The tragedy swept away the multi-million naira investment of the lawyer in the bank and threw him into an indisposed state from which he never recovered. He died so ill and wretched and so was the story of several other victims of his criminal act. Those who managed to survive wallow in anguish, rendered helpless to pick up the pieces of their lives while the scar remained permanent and has refused to heel.

4. El-Rufai was said to have worked with Lawal some years back at Alpha Properties. When ei-Rufai became minister of the FCT, it was payback time for an old friend who needs to be rehabilitated haven squandered the money he stole from Alpha Merchant Bank while in sojourn in America. El-Rufai made Jimi Lawal his consultant on land matters. His exploit in Abuja resulted in a N1bn stormy scandal that rocked el-Rufai’s tenure as FCT Minister.

5. Shakiru Olajimi Adebisi Lawal crept into banking and national prominence in 1988 when he became the managing director of Alpha Merchant Bank and within seven months of operation, he posted a magical profit of N7m. There and then he became industry toast, hailed as the whizz-kid the Nigerian Banking industry has been waiting for. The ‘turn-around expert’ who would engineer the much needed change the industry needed, as at that time, from the grips of some first generation banks that have stagnated the industry.

6. No sooner had the story of Lawal’s ingenuity made headlines that his streaks of scandals followed and since then, he never knew peace.

7. Barely two months after Alpha took off, on 4 August 1988 specifically, two of its shareholders fired a petition to Abdulkadir Ahmed, then Governor of the Central Bank of Nigeria, CBN, alleging forgery against Lawal. The shareholders, A.O. Ilori, a lawyer and I.O. Odefisayo, a chartered accountant, in their letter titled, “Fraudulent Practices at Alpha Merchant Bank Limited”, accused Lawal of falsifying the information in his curriculum vitae that he submitted to the CBN and the Federal Ministry of Finance.

8. In the CV, the Alpha boss claimed to be a Master of Business Administration, MBA, product of the City University Business School, Barbican, London. He also wrote that he was a Departmental Manager at the Foreign Exchange, Bills/Credits Department of the Union Bank in London.

9. The petitioners declared that Lawal did not possess an MBA from City University, neither was he a manager at Union Bank. The banker, they stated, was a mere supervisor at the London bank, a position that did not qualify him to be approved by the CBN as Executive Director in any bank in Nigeria.

10. “The obvious implications of these fraudulent practices,” Ilori and Odefisayo alerted, “is that the CBN has not only been deceived by Jimi Lawal in approving his appointment as an Executive Director on the basis of the purported qualifications and working experience, but it further constitutes a fraud on innocent shareholders at whose expense Jimi Lawal has taken benefits by way of remuneration and perquisites of office.”

11. From another end, a suit also came against the erstwhile Alpha Bank managing director. Jide Zaid, a lawyer in Omisade Chambers, headed to court to file a suit against Lawal, alleging forgery and threat to his life. This suit confirmed the talk abroad then that all was not well between Lawal and Michael Omisade, whose chambers did the incorporation of Alpha Merchant Bank.

12. Omisade’s chambers, on 10 August 1988, wrote to Alhaji H.T. Ashiru, Principal of Muslim College, Ijebu-Ode, which Lawal claimed to have attended between 1970 and 1975 and bagged seven papers in the West African School Certificate examinations, for confirmation.

13. Ashiru’s prompt response gave the lie to Lawal’s claims.

The Principal wrote:

“Mr. Shakiru Olajimi Adebisi Lawal attended Ijebu Muslim College, Ijebu-Ode, and was in Class Four in 1975. In fact, we discovered that he repeated the class in 1975 and was advised to withdraw at the end of the session in November 1975 when he was unable to gain promotion to Class Five.

14. In another letter dated 12 July 1988 by Omisade Chambers to Mrs. A.A. Fashina, then Principal of King’s College, Lagos, her reply was:

“We have carefully gone through our records and discovered that at no time was there any student by name Shakiru Olajimi Adebisi Lawal. Moreover, I wish to confirm that King’s College has never run a part-time programme for either WASC or HSC course.”

15. Lawal had claimed in his CV that he did a part-time HSC programme at King’s College, Lagos, from 1976 to 1977 where he obtained four GCE “A” Level passes. From City University School, London, where Omisade Chambers had written to concerning Lawal’s claim of an MBA came another disclaimer on 21 July 1988. Kate Adam, Course Secretary for the school’s evening MBA programme, wrote back to state that although Lawal had begun the university’s part-time MBA degree course in September 1983, he was not awarded an MBA because he withdrew and did not complete it.

16. When Zaid also requested from Union Bank in London to clarify Lawal’s status while he worked there, the feedback was another shocking expose:

17. “Mr. Lawal was employed by this branch as a Supervisor (Documentary Credits) from June 1984 to August 1986, and not a departmental manager. Supervisory positions are not on the senior management cadre of this bank nor of the bank as a whole.”

18. Lawal’s claim of being 31 years old when he emerged Alpha’s managing director could not but also come into dispute.

19. The controversial banker was born in September 1959. Effectively, he could not have been more than 29 years when he became Alpha’s MD in 1988. This was a year shy of the 30 years minimum age requirement that the CBN prescribed for anybody aspiring to be managing or executive director of a bank.

20. He was convicted by Zone 2 of the Failed Banks Tribunal on 19 March 1996. Lawal, with Chief Udensi Ifegwu, a non-executive director of Alpha Merchant Bank, and two other managers of the bank were found guilty of running Alpha Merchant Bank aground through unethical banking practices.

21. According to the facts of the charge, No. FBFMT/L/ZII/IC/95, Lawal conspired with Udensi, a major shareholder in the defunct bank, to perpetrate some underhand deals that eventually contributed to sinking the bank. Both Udensi and Lawal later jumped bail and fled the country to avoid trial.

22. They were subsequently tried and sentenced to terms of imprisonment in absentia.

23. By 1993, Alpha Merchant Bank had totally failed in its operations and it collapsed. The bank was unable to fulfil its obligations to its numerous customers and shareholders. Lawal and Udensi were also believed to have ploughed depositors’ money into the AlphaSofitel, a hotel project which eventually flopped.

24. In all cases of the numerous transactions that pushed Alpha Merchant Bank over the precipice, Lawal did not carry along the bank’s shareholders.

25. While Alpha Merchant Bank was going down, the former banker was secretly building a honey nest for himself and his family in the United States.

26. Through a stock account at Paine Webber INC., in New York, he acquired several high-yield stocks from Microsoft, Coca-Cola, Citigroup, Union Carbide e.t.c.

27. Lawal resettled in Atlanta, Georgia, with his wife, Francesca Wachukwu and his three children.

28. In the USA, he purchased a mansion at 1870 Childress Drive by way of lease-to-buy in 1996, using a front named “Dirk Twine”.

29. He settled down to operate a travel agency, Pax Travels Inc. According to court documents, Lawal started Pax Travels with $50,000.

30. He was also president of Concept Property Development Corporation, a company he claimed in court documents never traded before it was liquidated.

https://m.facebook.com/story.php?story_fbid=1667267276666929&id=100001510198043

Loooool.

Keep writting facebook posts when the entire party has been snatched from Amosun by Yayi.

Must also explain why Amosun sees Yayi everywhere including his dreams . He sacked Labor leaders cos of Yayi, closed a market cos of Yayi…..

Talmbout he is from lagos yen yen yen yen like a child. Go do some real politics uncle!

This man better pass Buhari

Mynd44:
Loooool.

Keep writting facebook posts when the entire party has been snatched from Amosun by Yayi.

Must also explain why Amosun sees Yayi everywhere including his dreams . He sacked Labor leaders cos of Yayi, closed a market cos of Yayi…..

Talmbout he is from lagos yen yen yen yen like a child. Go do some real politics uncle!

Oga Stop been Partisan, resign as a mod if u can't Stay Non Partisan

Ur Comments Suck D's Days

Mynd44:
Loooool.

Keep writting facebook posts when the entire party has been snatched from Amosun by Yayi.

Must also explain why Amosun sees Yayi everywhere including his dreams . He sacked Labor leaders cos of Yayi, closed a market cos of Yayi…..

Talmbout he is from lagos yen yen yen yen like a child. Go do some real politics uncle!

Yayi is on ground because of the money he throws around. I dey laugh o. Ogun State indigenes are not that gullible brother.

myideas1:
Yayi is on ground because of the money he throws around. I dey laugh o. Ogun State indigenes are not that gullible brother.

you are not that gullible and you are collecting his money, one thing am very sure of is that the guy is giving amosun sleepless night.

Who is Sule Ogunleye?

stormm:

Who is Sule Ogunleye?

Sule Ogunleye is the same Yayi. I understand his name change was occasioned by a fraud he committed while he worked at The Guardian. This was subject of a debate in another thread few days ago.

tolu24:
you are not that gullible and you are collecting his money, one thing am very sure of is that the guy is giving amosun sleepless night.

People that collect money from him are his clowns who wants the money to make a living. The twale sirs, the rodents who don't even possess voter's card.

Jimi Lawal na Hel Rufai husband oo.