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Late Oba Adeyinka Oyekan’s son sentenced to death over the killing of late mother’s friend

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Adewale, son of Adeyinka Oyekan, a former oba, who died on March 1, 2003, was sentenced alongside Lateef Balogun, a former domestic servant.

The prince hired Balogun for N6,000 to murder Ekun, according to the prosecution.

The convicts, who have been in custody for seven years, were said to have murdered Ekun by strangling her and throwing her corpse in a 1,000-feet well in her home.

In a two-hour judgment, Raliatu Adebiyi, the presiding judge, held that the prosecution proved the charges of conspiracy to commit murder and murder beyond reasonable doubt.

She said: “The circumstantial evidence was strong and cogent; the act of the defendants in killing the deceased was intentional and premeditated.

“The court finds that the prosecution has proved beyond reasonable doubt the offences of conspiracy and murder, and the defendants are accordingly found guilty of the two-count charge.

“Section 221 of the Criminal Law of Lagos State, 2011, stipulates the punishment for the offence of murder as follows.

“Subject to the provisions of any other law, a person who commits the offence of murder shall be sentenced to death.

“Same is the punishment for conspiracy to commit murder as contained in Section 231 of the Criminal Law of Lagos State, 2011.

“The above cited provisions of the law does not give the court any discretion whatsoever in sentencing the defendants.

“For this reason, the first and second defendants are hereby sentenced on each of counts one and two, to death by hanging. May God, the giver of life, have mercy on your souls.”

According to the prosecution led by Akin George, the convicts committed the offences at 1am on October 17, 2012, at the home of the deceased located at 5, Babatunde Lalega street, Omole Phase One, Lagos.

The prosecution said that the deceased knew Oyekan due to her friendship with his late mother.

“To render assistance to the prince, Mrs Ekun employed him as the manager of her restaurant,” George said.

“Balogun, the second defendant, was a former domestic staff of Ekun, who was employed by her to take care of her elderly father.”

He submitted that Balogun’s employment was, however, terminated following a dispute with Ekun.

“The convicts conspired, killed the deceased and threw her corpse in a well within the premises of her home, and took over her businesses and property including a bus which was sold for N170,000,” he said.

“When any inquiry was made by family and friends about her whereabouts, Mr Oyekan informed them that she travelled to Abuja for the Ileya (Eid-el Kabir) festival. He passed this information by sending a text message from Mrs Ekun’s mobile phone.

“Following worry from members of Mrs Ekun’s family, and after an extensive search, her corpse was found two months later, in December 2012, by well diggers and firefighters.

“The convicts had placed a generator, a gas cylinder and other household items on the corpse to conceal it in the 1,000 feet well.”

The trial at the high court began on April 14, 2015.

Five witnesses, including two police officers, a nephew of the deceased, Iyiola Olaniyi; and the only child of the deceased, Folashade Amurun, testified for the prosecution.

Oyekan and Balogun testified for the defence.

While testifying, the convicts both denied knowing each other, saying that they met for the first time at a police station. They also denied committing the offences.

Oyekan said that he met Ekun, who was a friend of his mother at a PDP rally in 2011, after he returned from the US where he obtained a degree in architecture.

He said he met the deceased thereafter at her home where she offered to assist him by employing him to manage her restaurant.

Earlier, before the sentence was passed, defence counsel, O. C. Onwumerie, did not plead for mercy on behalf of his clients.

“I will be leaving sentencing to the hands of the court,” he said.

Meanwhile, the 50-year-old Prince, who committed the offence at age 45, was docked alongside his accomplice, Lateef Balogun, 20, for allegedly stranguling the 62-year-old woman in her bedroom.

Prince Oyekan had earlier stated in his police statement that he connived with Balogun, who had initially planned the murder, in order to take over her businesses and sell off her properties.

According to Oyekan statement, “I met Alhaja (the deceased) at a PDP rally at Ikeja after returning from the United States of America in 2003 following the death of my father. I was born in December 12, 1968 and my father is the late Oba of Lagos, Oba-Adeyinka Oyekan of Lagos. My mother is one Subulade Oyekan but she died in 2001 in USA.

“Alhaja invited me to her house at Omole and after we talked, she accepted to help me by employing me to work in her restaurant. She wasn’t really paying me any money as salary since I ate and was sheltered in her house.

“Balogun had also lived and worked for Alhaja but left after they both had a misunderstanding. It was during one of their confrontations that Balogun threatened to deal with Alhaja.

“I and Balogun began planning on how to kill her and seize her properties. I have been having dialogue with Balogun on how to kill Alhaja before October 17 but we eventually executed the plan on that day before Ileya: that is Edil-kabir celebration.

“On that day, I sneaked in Balogun into the building and hide him inside the toilet so that we can kill her around 1am. Alhaja’s Dad was the only person at home but he wasn’t feeling too well. So I turned on the generator in order to increase the noise and signalled Balogun to go kill Alhaja in her room.

“Balogun strangled her and both of us carried her dead body and dumped it inside a well in the compound so that no one would find her. We also used the kitchen utensils and some heavy loads to suppress the body inside a 1,000 feet well in order to prevent it from floating,” he wrote.

Meanwhile, an Estate manager, Isibor Paul, who testified in evidence before Justice Raliat Adebiyi, said that he met Oyekan at the late Ekun’s house where he was working as an employee in her restaurant.

Paul told the court that he was also an employee of Ekun, just like Oyekan, but in the full capacity of a manager where he executed contracts awarded to his boss by the PDP party, at the time.

He said that he had travelled to PortHarcourt in Rivers State for a wedding on the day his boss was murdered but was later briefed on the outcome of the police investigations in unraveling the killer of his boss.

The witness testified that he returned to Lagos only to be informed by the prince that his boss had travelled as a result of an unknown sickness.

“I was shocked when I heard that Madame had travelled without informing me, at least she wasn’t sick before I travelled. But what was more strange was the fact that I couldn’t find any of her cars or kitchen utensils when I arrived her apartment.

“I had thought that she was angry with me for not staying back in Lagos to celebrate the Muslim festival with her as it was her habit of killing a ram and celebrating with her staff members.

He said, “On October 26 Prince Oyekan called my number and asked why I didn’t come to see Alhaja and that she was sick.

“I went to her compound, on getting there I didn’t see her Sienna and Rav 4, when I asked about the vehicles, Prince said Alhaja asked some people to come and pick them.

“All the while when I was asking questions, someone was texting me with Alhaja’s number.

He added that for the 14 years he had worked with the deceased, she never sent him any SMS messages.

The witness informed the court further that when he received the 17th text, also not having seen or heard from his boss, he asked the suspect about her cooking utensils which were missing from her house.

He said he could not understand his explanations hence he traced the deceased family house in Fadeyi to find out about her.

He said the family queried him about his boss’ whereabouts and subsequently reported to the police leading to the arrest and investigation of Oyekan and other suspected persons; himself, Michael Scott, Funke another staff of the deceased whom the witness claimed police found Alhaja’s catering utensils with and two men who said they bought the vehicles from Prince Oyekan.

According to him, he said it was at this point that at the State Criminal Investigation Department, Panti that the defendants were separated from other suspects.

During cross-examination, the defendant’s counsel, Mr. O. C Onwumere argued that the witness could have been lying to the court stressing that he had not told the police during investigation that one Engineer Tunde had also come to the home of the deceased for the Sallah celebration.

He also argued that the witness could not have known the findings of the police from his detention but was relating to the court what could be described as hearsay or fables.

The witness replied, “When Engineer Tunde called me to know whether we had seen her, I told him, no and that I have not heard anything from Alhaja, I did not tell police about Engineer Tunde’s visit to the house.”

Source: Global Excellence

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EXPLOSIVE: How Titan Trust Bank allegedly used Union Bank’s assets to secure $300m takeover deal

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What was sold to Nigerians in May 2022 as a clean and powerful takeover is now looking like something far more troubling.

When Titan Trust Bank announced it had acquired Union Bank of Nigeria, a 100+ year-old institution, the story was simple: a young bank buying a legacy giant. But fresh documents are now pointing to a shocking twist that raises serious questions about how the deal was actually done.

According to findings, Titan Trust Bank allegedly secured a $300 million loan from African Export-Import Bank (Afreximbank) to fund the acquisition of Union Bank of Nigeria. On paper, Titan Trust Bank was the borrower. But in reality, the collateral reportedly included shares, treasury bills, and assets belonging to Union Bank itself.

Let that sink in: the bank being acquired was allegedly used to secure the loan that bought it. Titan Trust Bank—linked to Rahul Savara and Cornelius Vink— is believed to have engineered a scheme so bold it’s almost unbelievable. The plan? Have Union Bank allegedly repay the very illegal loan used to purchase it—using depositors’ funds! If allowed to succeed, the outcome is stark: TitanTrust Bank’s shareholders would end up owning one of Nigeria’s oldest banks for free!

Even more alarming is the alleged complicity of Godwin Emefiele, then Governor of the Central Bank of Nigeria (CBN), who is said to have turned a wilful blind eye to a deal that flew in the face of the CBN’s strict rules against using borrowed funds to acquire Nigerian banks.

It is unbelievable that Godwin Emefiele would allow an inconsequential bank like Titan Trust Bank to plunge a legacy and systemically important bank like Union Bank into a huge and needless debt – just to satisfy the greed of the owners of Titan Trust Bank.

The  Afreximbank loan is reportedly structured in a manner that will force Union Bank to keep using its depositors’ funds to repay the unlawful loan.

By the third quarter of 2025, the situation had reportedly worsened. Exchange rate shocks and rising interest costs pushed the total exposure to over ₦500 billion. What started as a $300 million facility ballooned into a massive financial burden.

It gets deeper. An audit later allegedly described the acquisition/loan arrangement as “unethical financial engineering.” The audit allegedly pointed to possible misuse of foreign loans, questionable financial reporting and improper withdrawals from customer funds.

The fallout has already begun. Following leadership changes at the CBN, the board and management of Union Bank were removed in January 2024. That decision is now being contested in court, adding another layer of controversy to an already explosive situation.

Behind the scenes, ownership of Titan Trust Bank also raises eyebrows. The bank, incorporated in 2018, is largely owned by Dubai-based firms linked to powerful business interests, including individuals such as Rahul Savara and Cornelius Vink.

This is no longer just a banking story. It is a test of transparency, regulation and accountability.
 
If these allegations hold true, then one question refuses to go away: Who really paid for the takeover of Union Bank and at what cost to depositors?

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Oyo 2027: Adelabu Quits As Power Minister To Focus On Guber Race

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The Minister of Power, Adebayo Adelabu has formally resigned from his position in the Federal Government to pursue his governorship ambition in Oyo State.

In a resignation letter dated April 22, 2026, and addressed to the President, Adelabu stated that his resignation will take effect on April 30, 2026, to enable him to focus on his governorship ambition in Oyo State.

The letter, routed through the Office of the Secretary to the Government of the Federation, stated that he was stepping down with “a deep sense of honour and profound gratitude.”

He wrote, “I write with a deep sense of honour and profound gratitude to formally tender my resignation as the Honourable Minister of Power of the Federal Republic of Nigeria. This resignation is to take effect on 30th April 2026, in order to allow sufficient time for a smooth and orderly handover of responsibilities.”

Adelabu thanked the President for the opportunity to serve, describing his appointment as a privilege.

He said, “Your Excellency, I remain sincerely grateful for the privilege and confidence you reposed in me by appointing me to serve our great nation in this capacity.

“It has been a rare honour to contribute to national development under your leadership and to play a role in advancing reforms in the power sector—one of the most critical foundations of Nigeria’s industrial growth and economic transformation.”

The former minister said his resignation was to enable him focus fully on his governorship ambition in Oyo State, citing provisions of the amended electoral law.

He added, “My decision to step down is informed by my intention to focus fully on my gubernatorial ambition in Oyo State. This aspiration, which dates back to 2016 during my service as Deputy Governor of the Central Bank of Nigeria, ultimately led to my voluntary resignation from the Central Bank in 2018 in order to pursue the same goal.”

“In line with the provisions of the Amended Electoral Act 2026, which preclude political office holders from contesting elections, I consider it both appropriate and necessary to resign at this time.”

Adelabu’s exit marks a major political development ahead of the next electoral cycle, particularly in Oyo State, where he is expected to contest the governorship election.

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Wale Edun, Musa Dangiwa Resigned Voluntarily, Not Sacked – Presidency

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The Presidency has clarified that Wale Edun (former Finance Minister) and Ahmed Musa Dangiwa (former Housing Minister) voluntarily resigned from their positions and were not sacked by President Tinubu.

In a statement released this evening April 22, presidential media aide, Bayo Onanuga, said that contrary to public opinions, Wale Edun resigned on health grounds while Dangiwa also tendered his resignation and thanked the President for the opportunity given him to serve in the Federal Executive Council.

Onanuga stated that Edun, who clocked 70 on Monday and has battled recent ill health, fittingly submitted his resignation letter on his birthday, thanking the President for the opportunity to serve Nigeria.

“It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda, Under your leadership, Nigeria has emerged stronger, more resilient and more internationally respected. I wish you and the administration every success in the future” he wrote

Onanuga stated that on Tuesday, before the Office of the Secretary of the Government of the Federation announced his departure from the Cabinet, Edun paid a valedictory visit to the President at the Villa and held an hour-long discussion with the president and then left to focus on his private businesses.

The presidential aide stated that President Tinubu has expressed deep appreciation to Edun and Dangiwa for their dedicated service and significant contributions to the administration’s economic reform programme and wished them continued success in their future endeavours.

‘’In the same vein, the President has urged the new Minister of Finance, Taiwo Oyedele, to consolidate ongoing reforms and advance the administration’s fiscal and economic objectives with renewed focus, discipline, and innovation.

President Tinubu will shortly send the ministerial nominee for housing, Muttaqha Rabe Darma, also from Katsina, like Dangiwa, to the Senate for confirmation” the statement concluded

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