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APC reacts to Adebayo Shittu’s petition against Buhari, Oyegun, Tinubu

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The All Progressives Congress, APC, in Oyo state, on Thursday described the Minister of Communications, Adebayo Shittu’s petition to the national leadership of the party as full of untrue statements.

The APC further said the Minister was an enemy of the state for writing such petition to President Muhammadu Buhari, Bolaji Ahmed Tinubu and John Odigie-Oyegun against Governor Abiola Ajimobi.

In his petition, the minister said he ran into trouble with Ajimobi because he frustrated the governor’s attempt to remove unjustly the APC Chairman in the Ido Local Government Area of the state, who he simply identified as Pastor Akintokun.

He also claimed that the governor was not happy that he accepted the chieftaincy title of Agba – Akin Afiwagboye from the Olubadan of Ibadan land, Oba Saliu Adetunji, among other claims.

But the state’s chapter of the APC, in a statement signed by its Director, Media and Strategy, Dr. Abdul-Azeez Olatunde said that Shittu’s claims were ‘baseless and fallacious.’

The statement said, “Contrary to the reckless insinuations made by the minister, the APC is doing extremely well in the state. Rather than lose any member to the opposition, the state APC under the leadership of Governor Ajimobi has been moving from strength to strength.

“Barely one month ago, the rank and file of the party membership, which has continued to experience unprecedented growth and development, witnessed a bumper harvest when notable political stakeholders from major opposition parties in the state defected to the APC in an open rally and submitted themselves to the leadership of the governor.

“It is quite saddening, highly disheartening and a monumental disservice to our party that a serving minister of Oyo State origin will close his eyes to the reality of the rising political profile of not only our party but also of our leader. The fact is that his petition is rooted in falsehood and premised on cheap blackmail.

“It must be stated that while Governor Ajimobi and other leaders of our party have been working assiduously to develop our great party, Shittu in his characteristic manner has been moving from one local government to another sowing the seeds of discord all in the name of his desperate and inordinate ambition to govern the state.

“He was never part of the developmental process of our party. Having lost the governorship primary in 2015 , Shittu abandoned every activity geared towards the victory of the party including the presidential campaign.

“He further took the party to court on the eve of the 2015 governorship election and was working for the opposition Accord Party where his former boss and benefactor contested the governorship election. Today, he is reaping from where he did not sow.”

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EVENTS

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

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Mai Martaba as international feature film contender | fab.ng

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature Film (IFF) category at the 97th Academy Awards. The Committee announced in an official statement that they selected the film to contend for the Oscars because of its theme and visual appeal.

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MUSIC

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

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Tega Oghenejobo As The New President Of Mavin Records | fab.ng

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage name Don Jazzy, announced a significant expansion within the company. He announced Tega Oghenejobo as the new president of Mavin Records.

Tega has been an integral part of Mavin’s journey. Now, his position as President has elevated his status in the company. In addition, he has been in the existing role of Chief Operating Officer (COO).

Don Jazzy expressed his admiration for Tega’s passion and resilience. He acknowledged his ability to spot these qualities in Tega from the early stages of their professional relationship.

He said,

I’m proud to announce @TEGAMAVIN expanded role as President and COO of Mavin. I am often praised for being able to spot and raise superstars, but I can proudly say the most genius thing I have done in my life was being able to spot the passion and resilience in Tega.”

“From the early days, I’ve watched him be curious about the business, build teams, develop executives, and ensure our talents have sustainable careers from the start. His commitment to growing Mavin and shaping the future of African music has been relentless, and I’m confident that with him in this role, we’ll continue to break new ground and achieve even bigger milestones for our artists and company,” he added.

Accepting the appointment gracefully, Tega Oghenejobo said,

“I’m honored to step into this new role as President & COO of Mavin Records. It means embracing new challenges, setting new goals, and reaching new heights. Thank you, Supreme Leader @donjazzy, for your unwavering belief and trust in me to lead the Mavin team.”

Check here for more updates.

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BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

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Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

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