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Osun APC Leaders Shun Tinubu’s Campaign Council Inauguration as Akande, Basiru Back Adeleke By Sayo Alagbe Prominent leaders of the All Progressives Congress (APC) in Osun State on Thursday stayed away from the inauguration of a 344-member campaign council established to mobilise support for President Bola Tinubu’s re-election bid in the 2027 presidential election. However, former Osun State Governor, Chief Adebisi Akande, led several APC chieftains to the ceremony, where Governor Ademola Adeleke inaugurated the council. Among the APC leaders who attended were the party’s National Secretary, Senator Ajibola Basiru; former National Secretary, Iyiola Omisore; former deputy governors Titi Laoye-Ponle and Lekan Adewoyin; Senator Babajide Omoworare; and Chief Shuaib Oyedokun. Others included the party’s Osun Central Senatorial Leader, Adeoye Adelakun; former members of the House of Representatives, Ajibola Famurewa and Bukola Oyewo; former Speaker of the Osun State House of Assembly, Wale Afolabi; and former National Business and Technical Examinations Board (NABTEB) Registrar, Professor Olu Aina. Former Peoples Democratic Party (PDP) National Secretary, Professor Wale Oladipo; Osun PDP Chairman, Sunday Bisi; and Osun Accord Chairman, Victor Akande, also attended the event. However, several prominent APC figures were absent, including the Minister of Marine and Blue Economy, Adegboyega Oyetola; Senator Francis Fadahunsi, representing Osun East Senatorial District; and the party’s governorship candidate in the 2026 election, Bola Oyebamiji. Other notable absentees included the Osun APC Chairman, Tajudeen Lawal; former Speaker of the state House of Assembly, Timothy Owoeye; member representing Obokun/Oriade Federal Constituency, Oluwole Oke; Executive Director of Project Implementation at the Federal Housing Authority, Abuja, Remi Omowaiye; and former Commissioner for Local Government and Chieftaincy Matters, Adebayo Adeleke. Akande Calls for Tinubu’s Re-election Addressing the gathering, Akande urged eligible voters across the South-West to prioritise Tinubu’s re-election, describing the President’s second-term bid as an important political objective. He said the President, as a Yoruba son occupying Nigeria’s highest political office, deserved the support of the region to secure another term. “Today, we have one of our sons in Yorubaland as President of Nigeria, and he is entitled to two terms in office. We are all praying that he gets his second term,” Akande said. He added that he had been informed that Adeleke was expected to mobilise two million votes for Tinubu in Osun State on January 16, 2027. Akande, whose birthday falls on January 16, expressed the hope that the day would bring a successful electoral outcome for the President. Basiru Urges APC Leaders to Set Aside Differences In his remarks, Basiru urged APC stakeholders in Osun State to put aside personal ambitions and political disagreements and work with Adeleke to secure victory for Tinubu. He explained that the President’s decision to appoint Adeleke as the Osun coordinator of his re-election campaign should be respected by party members, regardless of their individual political interests. Basiru said he had rearranged his schedule to attend the inauguration before proceeding to Kaduna State for another engagement. According to him, the President’s re-election should take precedence over personal ambitions and political egos. “It is in President Tinubu’s wisdom that he chose Governor Adeleke as his campaign coordinator in Osun. For us in Osun State, irrespective of our feelings, ambitions and scheming, we must abide by the vision of President Bola Tinubu and support Governor Ademola Adeleke to be successful in this exercise,” he said. The APC National Secretary appealed to political stakeholders across the state to unite behind the governor and help deliver a substantial number of votes for Tinubu. “There is no ambition or ego that is greater than ensuring President Bola Tinubu is re-elected,” Basiru added. He also noted that increased financial resources available to subnational governments had created opportunities for states such as Osun to meet their expenditure obligations. Adeleke Targets More Than 1.5 Million Votes Adeleke, in his address, said the campaign council’s primary objective was to mobilise more than the 1.5 million votes previously pledged to Tinubu in Osun State. He described the alliance involving the Accord Party, APC and PDP political structures as a broad coalition capable of delivering a decisive victory for the President. The governor urged members of the council to work together, mobilise voters and pursue their shared objective of securing Tinubu’s re-election. “From the pain of the past, we must unite for the prosperity of the future. From unity in diversity, we must forge a new brotherhood behind our leader, Asiwaju Tinubu,” Adeleke said. He clarified, however, that the alliance was limited to the presidential election and would not extend to legislative contests. According to him, while the coalition partners would jointly support Tinubu’s presidential ambition, each political party would remain free to support its candidates in senatorial, House of Representatives and state House of Assembly elections. “What ties us together is the presidential, not the legislative, elections,” he stated. Adeleke also disclosed that discussions between the federal and state governments aimed at resolving the lingering local government crisis in Osun had reached an advanced stage. He expressed optimism that a resolution would be reached soon. Osun APC Vice Chairman Explains Absence of Party Leaders Adelakun, who spoke on behalf of the Osun APC chairman, suggested that some of the party leaders who were absent might not have received adequate information about the inauguration. He said those present would brief their colleagues on the proceedings and expressed confidence that the absent leaders remained committed to Tinubu’s re-election. Adelakun defended the coalition arrangement, arguing that collaboration among political parties was necessary to achieve the desired electoral outcome in Osun. “As APC alone, we have not won an election in the last three election cycles, and if we must give President Tinubu the required number of votes in Osun, we have to collaborate,” he said. He added that the President had acknowledged the importance of the political collaboration. APC Had Earlier Complained About Short Notice The inauguration came amid complaints by the Osun APC leadership that it had not been adequately consulted before the announcement of the campaign council. In a statement issued on Thursday, a few hours before the ceremony, Lawal said the party had not been formally informed about the inauguration beyond the publication of the council members’ names on social media by the governor’s spokesperson, Olawale Rasheed. Rasheed had announced the planned inauguration on Wednesday, listing several prominent APC figures among those expected to serve on the council. Those listed included Akande, Oyetola, Basiru, Oyebamiji, Omisore, Omoworare, former Speaker of the House of Representatives, Foluke Etteh, Professor Sola Adeyeye, Yinka Ajayi, Ponle, Akintunde Adegboye and Mumini Olabanji. The announcement reportedly generated uncertainty among political stakeholders because, according to sources within the governor’s camp and the Osun APC, no formal meeting had been held to determine how the President’s re-election campaign would be coordinated in the state following Adeleke’s appointment. An APC source, who requested anonymity, said the party’s leaders had only become aware of the proposed arrangement through the published list. “The two camps have not met. We just saw the list like everyone in the state. There is uncertainty around it, but I can’t officially say what the APC reaction will be,” the source said. Lawal acknowledged that the party accepted Adeleke’s appointment as the state coordinator of Tinubu’s re-election campaign but insisted that the inauguration should have been properly scheduled and communicated to relevant stakeholders. He maintained that the re-election of the President was a collective responsibility requiring adequate consultation and respect for established political protocols. According to him, the short notice and lack of prior engagement with the state party leadership could create unnecessary friction between the APC and the appointed campaign coordinator. Lawal said the party was committed to Tinubu’s re-election but warned against arrangements that could undermine cooperation among stakeholders. He alleged that announcing the council members less than 24 hours before the inauguration, without prior consultation with the party leadership, could create avoidable misunderstandings between the APC and Adeleke. Despite the disagreement over the process, the inauguration proceeded with the participation of several APC chieftains and leaders from other political parties, underscoring the coalition’s stated objective of mobilising support for Tinubu ahead of the 2027 presidential election. 2 weeks ago
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Akata Microfinance Bank Reborn: Former Ologbon MFB Resumes Operations Under New Identity

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Akata Microfinance Bank Reborn: Former Ologbon MFB Resumes Operations Under New Identity

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By Fémí Emmanuel

After two years of distress and eventual liquidation, Ologbon Microfinance Bank has returned to life under a new name and leadership. Now known as Akata Microfinance Bank Ltd, the institution has been revived with a fresh vision, upgraded facilities, and a new board of directors.

Originally closed in 2023 following the withdrawal of its operating license by the Nigeria Deposit Insurance Corporation (NDIC)—alongside 177 other microfinance banks nationwide—the bank’s resurgence has been described as a testament to resilience and community commitment.

Speaking at the official reopening ceremony, the new Chairman of the Board, Pa A.A. Ajekigbe, a respected community leader, declared, “Akata is witnessing a new beginning with the arrival of Akata Microfinance Bank Ltd.”

He revealed that the rebirth of the bank followed the collective efforts of a group who applied to repurchase the defunct Ologbon Microfinance Bank from the Central Bank of Nigeria. The CBN approved the application and issued a new operating license in January 2025, paving the way for its relaunch.

Now fully renovated and restructured, Akata MFB boasts modern facilities and digital banking systems designed to provide efficient services.

The new board includes: Senator Oriolowo Adelere, Rev’d Dr Olubode Oke, Mr. Olaniran Sunday, Very Rev’d Dorcas Akinyode

Pa Ajekigbe assured the public that the bank would operate under robust corporate governance and leverage cutting-edge technology to serve customers better.

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“This is a bank that can now compete favourably with other MFBs across Nigeria,” he said, emphasizing that both returning and new customers could trust the safety of their deposits.

He further added that all legacy deposits from the defunct Ologbon MFB were secure.

“Know that your investment is safe. To our existing customers, your money is intact. Please continue with us and trust us—you will not regret doing so.”

The new bank will operate under the motto: “We solve, you evolve.” It is launching with integrated banking software at Level 2—a significant upgrade from its predecessor’s Level 1.

This upgrade includes:

USSD banking

Airtime top-ups

Inward and outward transfers

Internet and mobile app-based banking

Access to ATMs and digital self-service tools

Dr. Olubode Oke, a board member, affirmed that the bank had invested heavily in technological infrastructure.

“Ologbon was on Level 1. Now, we’ve moved to Level 2. With our mobile app and internet banking, customers can now access services from the comfort of their homes,” he told journalists.

The well-attended relaunch attracted dignitaries from both the commercial and microfinance banking sectors, including representatives from First Bank, Zenith Bank, Polaris Bank, Caretaker MFB, Randalpha MFB, Doje (formerly Olowolagba MFB), and Ajewole MFB.

All pledged continued partnership and support to ensure the bank’s stability, echoing the popular admonition: “Affliction shall not rise the second time.”

In a brief exhortation, Rev’d Dr P.O. Olaleye of Ayegun Baptist Church urged the management to operate with faith in God and prioritize customers’ interests while upholding professionalism and integrity.

Also Read:  Nigerian Banks Increase ATM Withdrawal Charges Following CBN Policy Implementation

“Follow procedures and guidelines. Honour and treat your customers well. Put the interest of the bank above even that of the board,” he advised, praying the new bank’s glory would surpass the former.

Senator Adelere, a former Senator who represented Osun West (2019–2023), expressed joy at the bank’s revival.

“This is a rare grace. The collapse was due to governance flaws, not fraud. Going forward, integrity, knowledge, and wisdom will be our guiding principles,” he stated.

Some legacy customers also expressed delight at the bank’s return.

Prince Ayo Taiwo, popularly known as Ayo Akala and a produce buyer, said:

“We thank God for the rejuvenation of this bank. I urge the staff to be ready to render quality service and support customers with timely loans.”

The event drew an impressive list of community figures and stakeholders, including: Chief Yemi Alao – Chartered Accountant and Auditor

Dr. Sunday Oyelami – Ogo-Oluwa Hospital

Hon. Adedeji Adeyemo – Former Chairman, Ogbomoso South LGA

Mrs. Kike Adegbola – CEO, Kike Fabrics

Rev’d Dr. Femi Ojo – Union Baptist Church

Rev’d S.A. Adeoye – Former Chaplain, Oyo State Government House

They all commended the board for their courage and commitment in bringing the bank back to life and called for continuous compliance with regulatory guidelines.


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