Connect with us

Trending News

When Billionaire Businessman, Kola Karim, Shutdown Ibadan

Published

on

Again, billionaire businessman,  Orikolade Ayodele Karim, impressively established his privileged position and connections yesterday, Saturday 3 ,April, 2021 during his installation as the Agbaoye of Ibadanland  by the highly revered Olubadan of Ibadan, His Imperial Majesty Oba Saliu Akanmu Adetunji.

Since he was announced as the successor to the late title holder, Chief Harry Ayoade Akande, after a rigorous search, preparation had been in top gear towards the installation of Karim, an ally of the former Emir of Kano, Mohammed Sanusi.

A source privy to the selection process disclosed to us  that Karim, boss of Shoreline Natural Resources and one of the youngest tipped for the title, became the popular choice based on his influence and connection that go beyond the shores of Africa as well as his almost unmatched generosity.

The Olubadan Palace in the Popo Yemoja area was  enlivened with select dignitaries who  witnessed the traditional installation of the billionaire as the Agbaoye , while  a lavish reception later held  at the popular Jogor Centre along Liberty Road in the heart of Ibadan.

The ancient city was literally shutdown  and shook to it very foundation.

 

There, it was obvious to all that the billionaire  had a commanding sense of hospitality, as the gaily dressed guests were treated to continental, Chinese and local delicacies and expensive wines.

At the event it was parades of business magnates with high net worth such as Ooni of Ife, Oba Adeyeye Ogunwusi, Lamido Sanusi, Bola Shagaya, Otunba Funsho Lawal,  Managing director of Telegraph Newspaper, Ayo Aminu among several others.

Meanwhile, another member of the Karim Family, Ayodeji, is said to be planning to extend the fun today  as the majority of the eminent individuals who were at his brother’s soiree yesterday   will join him for the official opening of his new venture, Pythagoras Lounge —a new hospitality haven regarded as the biggest hangout in Ibadan, with Fuji music czar, Adewale Ayuba on the bandstand.

Pythagoras located on the popular Felele Junction in Challenge area of the city is specially built not just as a lounge but it is also embedded with everything entertainment, ranging from food, drinks, grills, gaming shop and unisex salon , among others.

The Karim Brothers’ investment prowess has famously propelled them into the list of Nigeria’s wealthiest.

The sons of a policeman and an entrepreneurial mother who ran a small commodity trading firm’s antecedents precede them anywhere they go. Through their various investments, primarily in Oil & Gas and Construction, the extremely private pair has grown to own a slew of other juicy business concerns.

Fifty-two year old Kola is the Chairman of Shoreline Natural Resources Ltd., the third largest indigenous oil explorations company in Nigeria and owner of a 45% participating interest in OML 30.

Reports have it that through his Shoreline Group, he has in his employ more than 5,000 people in several countries.

Kola is also a director on other blue chip establishments, including Ecobank, Schlumberger, Nigerian Ropes Plc, African Eagles Plc, Trans Amadi Facilities, and Grange Education Ltd.

He is also the Chairman of Costain West Africa Plc, where his younger sibling Ayo was the erstwhile Managing Director.

Besides his recent investment in the hospitality sector with the Pythagoras, Ayo, 50, has also expanded his horizon by investing heavily in the agro-allied business with focus on livestock.

His multi-billion naira Winchester Farm is situated on a large expanse of land in Egbeda along Ibadan-Ife Expressway with a state-of-the-art abattoir , where livestock are processed for a ready-made market.

There is no gainsaying that the Polo-loving Karim Brothers truly love their hometown given their level of participation in the socio-political development of the ancient city of Ibadan.

45 / 100 SEO Score

Trending News

Governor Dauda Lawal Approves 120-Day Rapid Intervention Plan to Revamp Zamfara State’s Educational Sector

Published

on

By

Governor Dauda Lawal has approved a 120-day Rapid Intervention Action Plan aimed at addressing systemic failures in Zamfara State’s education sector.

The Governor presided over the State Executive Council meeting on Monday at the Government House in Gusau, where key decisions were taken.

During deliberations at the 65th Council meeting, issues related to education, health, works, and other sectors were discussed and approved.

The Council endorsed a 120-day rapid intervention plan built on prior diagnostic activities conducted by the Ministry of Education and the Education Quality Assurance Agency (EQAA). The plan, presented by the overseeing Commissioner for Education, Abdulmalik Abubakar Gajam, includes payroll audits, school mapping exercises, and infrastructure assessments. It proposes targeted, time-bound interventions across governance, infrastructure, digital transformation, teacher development, and student welfare.

The Council also approved the formation of a joint committee to immediately assess all illegal or unapproved structures built around schools in the state, with a view to relocating them and securing school environments. The committee will be led by the Ministry of Education, Science and Technology (MOEST).

Additionally, the Council approved a single, unified Education Sector Bill (covering Early Childhood Care Development Education to Tertiary level), to be developed in consultation with stakeholders including agencies, institutions, civil society, traditional rulers, and development partners. A draft bill will be presented to the State House of Assembly for enactment within the emergency timeframe.

The Governor further approved the transfer of non-teaching staff—such as messengers, labourers, gardeners, cooks, guards, drivers, health workers, and artisans—from the Ministry’s payroll to appropriate MDAs (CPG, MoH, Establishment) or private firms.

Among other important issues, the Council approved the composition of the Zamfara State Steering Committee on the State of Emergency on Education and authorised the Committee to constitute a Technical Working Group (TWG) and co-opt stakeholders including the NUT, UNICEF, UBEC, traditional and religious leaders, private school proprietors, and CSOs.

44 / 100 SEO Score
Continue Reading

News

Ooni of Ife Applauds Gbenga Daniel’s Impact at 70

Published

on

By

Ooni

Ooni Gbenga Daniel Tribute celebrates the senator’s 70th birthday, highlighting his leadership, service, and contributions to society

(more…)

52 / 100 SEO Score
Continue Reading

Politics

NIMechE Salutes Gbenga Daniel at 70 Milestone

Published

on

By

NIMechE

NIMechE Gbenga Daniel Tribute celebrates the senator’s 70th birthday, highlighting his impact in engineering, leadership, and national development

(more…)

52 / 100 SEO Score
Continue Reading

Trending News