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Tonobok Okowa, President of the Athletics Federation of Nigeria, AFN, has been told he lacks the power to declare as

Inconclusive the Report of the Audit Committee set up via a resolution of the Executive Board of the federation at its

virtual meeting of September 16, 2023.

 

Tafida Gadzama, the first Vice President of the federation said in a statement made available to the media that the Committee was set up pursuant to article 14.3.3 of the AFN constitution (2023 as amended) which gives the Executive Board

 

the power to probe the finances of the federation and that only the Executive Board has the power to either accept, wholly

 

or partially or reject, also wholly or partially the recommendations of the audit committee.

 

‘For the avoidance of doubt, the Executive Board of the AFN set up the audit committee which I chairmaned and the

 

committee submitted its report on October 31, 2023.

 

‘The board at its meeting of December 10, 2024 deliberated on the report with majority of members applauding the committee

for doing a thorough job,’ said Gadzama who revealed the Executive Board meeting was captured on tape.

 

‘We are very delighted we took the decision to record the meeting and what the President said in the report in Gurdian .

 

newspaper rubbishing the report is at variance with what transpired at the meeting.’

 

‘For instance, the President apologized to board members over the 40m naira he got refunded from the 70m naira the

Federation received as sponsorship fee from Premium Trust Bank albeit the events sponsored by the President were not

captured in the agreement.’

 

 

Gadzama, an Olympic and African Games gold medal winner for Nigeria revealed how a few board members wanted a pardon for

the Secretary General at the meeting after it was unanimously agreed she failed in her duties as contained in the report.

 

The audit committee recommended the Secretary General should be redeployed by her employers, the Sports Ministry among other recommendations.

 

In one of the pleas for pardon, a three-time member of the board moved the motion for pardon and said, in his words, the Secretary General should ‘Go and sin no more’.

 

‘We have this on tape and may be released to the public if the President continues to distort facts about the report and the board meeting where it was discussed.

 

‘In fact the same board member moved that the board should approve that the President should be paid part of the money he spent organizing competitions for the AFN.

 

‘This was an attempt to approve the refund despite the fact that there was no agreement between the President and the

 

board that he was loaning the federation the money.

 

‘The board member in question here (name withheld) could not answer when asked by another board member asked him if the money should be taken from the Premium Trust Bank Sponsorship money.

 

‘He kept mute as there was an attempt to link the President’s spending to the Premium Trust Bank Sponsorship agreement which, unfortunately for those with the disingenuous plan, was signed after the competitions sponsored by the President were held’.

 

According to Gadzama, two other board members also moved the motion that the President should use a non-existent

 

discretionary power not recognized by the AFN Constitution to resolve the audit committee report in which he was asked to return the #40m he was paid.

 

‘The robust debate on the report happened the last time the AFN board met and our President is now singing a new tune, a

tune not known to the AFN constitution.

 

‘In the report published by the Guardian , the President said the audit committee report was slated under AOB (any other business). AOB means any issues unknown to the board that a board member wishes to draw attention to.

 

‘At the last board meeting, the decision on the recommendations of the audit committee report was deadlocked and it was agreed it should be slated for the next meeting.

 

‘On African Games preparations , I want to believe the President did not mean it was also meant to come under AOB because the agenda did not indicate it would be discussed.

 

‘Remember, one of the reasons about seven members didn’t attend the board meeting which was supposed to hold last Sunday

 

(but didn’t hold because of lack of quorum) was the non-inclusion of the African Games programme and preparations in the agenda.

 

‘So, when did the board discuss and approve the programme Mr Okowa says he is rolling out,’ asked Gadzama.

 

Okowa, according to the AFN First Vice President thinks he is the AFN and can take any decision without

 

the approval of the board.

 

‘We want to appeal to our friends in the media to always interrogate any press release from the Federation that does not originate from its head of Media so as not to misinform the general public,’ said Gadzama.

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Business

Baba Adinni and Iya Adinni: Harmony Gardens Chairman and Wife Inducted into Spiritual Roles

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In a momentous occasion of spiritual significance and community recognition, the Chairman of Harmony Gardens and Estates Development LTD, Hon. Dr. Saheed Audullahi Mosadoluwa, popularly known as Mr. Ibile, and his wife, Hadjia Aishat Adebimpe, were recently installed with revered titles at an event hosted by the Al-Irshad Islamic Foundation.

 

Hon Saheed Mosadoluwa Ibile inaugurated a multi-billion naira ultra-modern Central Mosque at Ibeju-Lekki immidiately after he got recognized by the West Africa Islamic Council as the AL Mujaddid in Rabbat, Morocco.

 

According to popular Muslim tradition, the term refers to an individual who emerges at the turn of each century in the Islamic calendar to rejuvenate Islam, purging it of extraneous elements and restoring it to its original purity. In contemporary times, a mujaddid is regarded as the preeminent Muslim figure of a century.

 

The concept of Mujaddid is based on a hadith (a saying of Islamic prophet Muhammad), recorded by Abu Dawood, narrated by Abu Hurairah who mentioned that Muhammad said:

 

Allah will raise Mujaddid for this community at the end of every 100 years the one who will renovate its religion for it.

 

Recall that in a grand ceremony attended by distinguished personalities and spiritual leaders, Hon Saheed Audullahi Mosadoluwa, Chairman and CEO of Harmony Gardens and Estates Development LTD, officially commissioned and handed over a state-of-the-art central mosque in Ibeju-Lekki, Lagos State, on Friday, January 19th, 2024.

 

The auspicious event witnessed the presence of esteemed religious leaders, including Sheik Semiu .A. Opeloyeru, The Grand Chief Imam and General President of the League of Imam and Alfa in Ibeju-Lekki L.G.A. The ceremony commenced with the arrival of Sheik Semiu .A. Opeloyeru, setting the tone for a day of spiritual significance and community celebration.

 

Representing the executive governor of Lagos State, His Excellency Babajide Sanwoolu, was Hon. Ahmed Abdulai Jembe, the Special Adviser on Islamic Affairs to the governor, graced the ceremony. The Onibeju in attendance emphasizing the significance of the event in the cultural and traditional context.

 

The event saw the attendance of various traditional rulers, highlighting the communal and inclusive nature of the mosque inauguration. Notably, the newly appointed Lagos NURTW Chairman, Mustapha Sego, drew attention as his presence added an extra layer of recognition to the occasion.

 

However, the prestigious ceremony, held at Monarch Hall in Osapa London Lekki, Lagos State, saw Hon. Dr. Saheed Audullahi Mosadoluwa bestowed with the title of Baba Adinni, signifying a revered position within the religious community. His wife, Hadjia Aishat Adebimpe, was similarly honored as Iya Adinni, a title of great respect and responsibility.

 

The Al-Irshad Islamic Foundation, under the guidance of its founder Sheik Rasheed Adeleke, who is also the owner of Al-Irshad Travel and Tours, organized the event as a Pre-Ramadan lecture, award ceremony, and Turbaning ceremony. The atmosphere was filled with spiritual fervor and communal joy as community members gathered to witness the momentous occasion.

 

Notably, Abu Abel and other prominent figures, was also present at the event, adding to the significance of the gathering. The ceremony, held on Sunday, February 25th, 2024, brought together individuals from diverse backgrounds to celebrate the exemplary contributions of Hon. Dr. Saheed Audullahi Mosadoluwa and his wife to both the community and the Islamic faith.

 

The Turbaning ceremony, a traditional rite of passage within the Islamic community, symbolizes a deep connection with cultural heritage and spiritual leadership. The titles of Baba Adinni and Iya Adinni carry great responsibilities, signifying the honorees’ commitment to serving the community and upholding the values of the Islamic faith.

 

As the community celebrates this significant event, the installation of Hon. Dr. Saheed Audullahi Mosadoluwa and Hadjia Aishat Adebimpe as Baba Adinni and Iya Adinni reflects their exemplary leadership and commitment to the principles of Harmony Gardens and Estate Development LTD. The event serves as a beacon of unity, spirituality, and communal recognition within the Osapa London in Lekki community.

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Business

Squad Powers OmniPay’s Trade Business to Simplify Payments for FMCG Industry

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In a strategic move aimed at furthering its mission to empower African traders with the necessary payment solutions for thriving in the digital era, Squad, a fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), offering comprehensive payment and e-commerce solutions for businesses, has entered a partnership with OmniPay, a subsidiary of OmniRetail Inc.

 

This collaboration has currently benefited more than 65,000 stakeholders, which include retailers, distributors, and manufacturers through improved payment and collection methods using Squad’s Virtual Bank Account without incurring any charges. Additionally, they have gained more accessible and affordable working capital to procure goods on credit for their businesses, contributing to the daily transaction volume exceeding N3 billion, and this figure continues to grow.

 

Adeyemi Atanda, the Chief Marketing Officer, Squad, shared insights on the partnership’s significance, emphasizing, “At Squad, our mission revolves around providing African businesses with the right solutions for effortless payment processes, available at their convenience. We understand the pivotal role small businesses play in our economy. Through strategic alliances like this, we aim to empower even more merchants by granting them access to rapid, user-friendly, and dependable payment solutions that optimize their business operations and, in turn, boost their revenue.”

 

Deepankar Rustagi, CEO of OmniRetail stated, “As we join forces with Squad, we are driven by our shared vision of transforming the digital payment landscape for African businesses. With OmniPay, businesses will gain improved payment methods with zero transfer fees, while retailers and distributors will have easier access to OmniPay’s BNPL (Buy Now Pay Later) solution. This partnership aims to empower businesses, streamline payment processes, and enhance record-keeping accuracy through automated reconciliation for orders. This partnership reinforces OmniRetail’s commitment to innovation and financial inclusion.”

 

About Squad

 

Squad is a complete payment solution that is reliable, secure, and affordable, making receiving in-person and online payments simple and convenient.

 

Our goal is to support SMEs, micro-merchants, large corporations, and other fintechs (Tech Stars) with the tools they need to thrive in an evolving digital economy and expand beyond their current market reach.

 

Squad’s current products and service offerings include SquadPOS, Squad Payment Links, Squad Virtual Accounts, USSD, and E-Commerce Storefront.

 

Find out more at www.squadco.com.

 

About OmniPay

 

OmniPay, a subsidiary of OmniRetail Inc., is a company with a mission to simplify payments in Nigeria and provide working capital to trade businesses. OmniPay provides an API-based wallet built to simplify trade payments.

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