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At last the identities of prominent individuals and companies behind the Ikoyi, Lagos State building have been unveiled.


Recall that the building, at 44B, Gerard Road, collapsed on November 1, 2021, killing 44 persons.


The owner was identified as Femi Osibona, the Managing Director of Fourscore Heights Limited, but the investors had remained unknown until date.


According to information available, there are two companies and several prominent individuals that invested in the project.


The identities of the subscribers, who were reported to have paid several thousands of dollars to acquire apartments there, were unveiled following the decision to sue the Lagos State Government that had marked the other two buildings on the premises for demolition.


The buildings had been certified unfit to stand.


Among the already identified owners of the apartments are a Senior Advocate of Nigeria, Oluwemimo Adepoju Ogunde; a Chartered Accountant and Senior Pastor of Jesus House, Baltimore, United States of America, Adetola Odutola; two other Odutolas: Bola Odutola and Bunmi Odutola; and Senior Pastor of the Redeemed Christian Church of God, Jesus House, DC Parish, United States of America and contestant for the throne of the Soun of Ogbomoso in Oyo State, Pastor Afolabi Ghandi Olaoye.


Others include Zahra Temitope Motomori; Lead Consultant at ATF Consulting Limited, Adewale Folowosele; Regional Director, British Council, Sub-Saharan Africa, Moses Anibaba; Margret Anibaba; Dr. Oladipo Oluyomi of Christ Ambassador Limited; Adepeju Oluyomi; and Tayo Oladapo.


Two companies: Kwara Business School Limited and Saikoyi Property Limited, are also have interests in the property though the owners were not specified.


A government source said the state was studying the memorandum of claim served on the company handling the demolition of the two buildings that were left standing after the incident.


The source added: “However, it is not right for them to say that the government can’t take over the property.


“The law states explicitly that when a property collapses, the government automatically takes over the property.


“It’s all in the public interest and the government said so.


“Where were they when the Panel of Inquiry sat and took far-reaching decisions on the matter?


“The Government has even issued a White Paper.


“Were they ashamed of claiming their right?


“Don’t you wonder the kind of investors we are talking about?


“They couldn’t even ask for insurance before shelling out the huge cash they claimed to have paid the late owner of the property.”


Some of the investors said they paid the late Odubona various sums of money in dollars and as much as $120,000; $111,111.11; $20,000; $315,586.78; and $7,708.

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Zenith Bank Refunds N3.23m To Angry Customer Chiamaka Agim



A leading Nigerian commercial bank, Zenith Bank has returned N3.23 million to Chiamaka Agim, a Lagos State resident whose N4.039 million was erroneously deducted on January 9.


According to reports, Zenith Bank had previously informed Agim that she would only receive N800,500 of the N4,039,900 that had been debited.


But on Monday, January 16, in the evening, the bank sent back N3,239,400.


Recently, the Zenith Bank client shared a post about the refund on her Twitter page.



Agim reported that on that Monday, the bank contacted her to provide an update on the refunded money.


“After the event, they had to put my account on pause, so I didn’t get any alerts,” the user said. I was told to visit the bank the next day,” she recalled.


“They had credited my account with N3,239,400 around 7.30 pm on Monday,” the customer said. “My account statement was printed when I got to the bank.”


She claimed to have discovered that Access, one of the two banks to which the funds were transferred, still held the remaining N800,500.


Zenith Bank stated that Access Bank is now withholding the funds and that it is not their fault at this time. They said Access Bank stated that the funds would not be released without a court order.

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UBA Appoints Abiola Bawuah CEO,UBA Africa



The Board of Directors of the United Bank for Africa Plc has announced the appointment of Mrs. Abiola Bawuah, as Chief Executive Officer (CEO) of UBA Africa.


According to a statement y the bank, Bawuah will also join the Group Board as an Executive Director, overseeing the Group’s operations across the African continent, outside Nigeria.


Bawuah, a Ghanaian national, is the first female CEO of UBA Africa.


Prior to her appointment, she was Regional CEO, West Africa, supervising the Group’s operations in nine subsidiaries, including Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone. She previously held the role of CEO, UBA Ghana.


Speaking on the new appointment, the Group Board Chairman, Mr Tony O. Elumelu, said, “Abiola has contributed significantly to the growth of UBA Africa for close to a decade. She brings a wealth of experience in commercial banking, and stakeholder engagement. It also gives me great pleasure that with her appointment, the UBA Group Board has now become a majority female board.”


The UBA Group also announced other appointments.


Chris Ofikulu was appointed the Regional CEO of UBA West Africa.


A statement by the bank said Ofikulu has over two decades of banking experience spanning corporate, commercial, and retail banking.


Similarly, Uzoechina Molokwu was appointed as Deputy Managing Director (DMD) of UBA Ghana, subject to local regulatory approvals. He was previously the Executive Director, Business Development – UBA Côte d’Ivoire and has over 23 years banking experience.


Ayokunle Olajubu was also announced as the Managing Director/CEO UBA Liberia, subject to local regulatory approvals. He currently drives compliance across Africa subsidiaries and comes with 30 years banking experience in Nigeria and other African countries, including Sierra Leone, Cote D’Ivoire and the Gambia.


Other appointments include that of Theresa Henshaw who was appointed as CEO of UBA UK, subject to local regulatory approvals. She was previously the DMD, Business Development, UBA America and joined the Group as ED, Business Development at UBA UK.


Usman Isiaka, currently CEO, UBA Sierra Leone, has also been appointed the Deputy CEO in UBA America, subject to local regulatory approvals.


Adeyemi Adeleke, the former CEO of UBA, UK is now the Group Treasurer. Adeleke will be working to unlock the immense value in the Group’s multi-jurisdictional balance sheet, leveraging on its presence in 24 countries within and beyond Africa.


In addition to the executive appointments, UBA has announced the retirement of High Chief Samuel Oni, an independent non-executive Director, from the board following the expiration of his tenure. He joined the UBA Group in January 2015 and served on the Board of the Group for eight years.


The Group Chairman, Mr Elumelu, expressed his appreciation to High Chief Oni, for his commitment, leadership and extensive contributions to the UBA Group and on behalf of the Board, wishes him the very best in all his future endeavours.

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