Tag: Akintoye Akindele

  • Akintoye Akindele honoured for transformative leadership

    Akintoye Akindele honoured for transformative leadership

    Dr. Akintoye Akindele, the Chairman of Platform Capital Group, exemplifies an unwavering dedication to transformative leadership that continues to illuminate the path for countless individuals across Africa. Through sheer hard work and a resolute commitment to change, he has emerged as one of the continent’s most influential business moguls and relentless changemakers.

    Unlike many billionaires who seek the limelight and thrive on public attention, Akindele embodies a rare humility. He is not the typical wealth-driven figure craving the flashy allure of fame; rather, he operates like a quiet giant. His successes manifest through the flourishing businesses he has built, with significant interests spanning several lucrative sectors of the Nigerian economy, including technology, agriculture, and renewable energy.

    For years, Akindele has been a steadfast advocate for a new narrative for Africa, ensuring that Nigeria occupies a central role in this evolving story. His remarkable growth of personal fortune has not dulled his commitment to philanthropy; instead, it has propelled him to invest more significantly in empowering others. His initiatives focus on nurturing potential and establishing sustainable systems that create lasting impacts across communities, nations, and the globe. He is not just a financier of businesses; he is also an inspiring storyteller whose best-selling books enlighten and inspire minds. Notably, he is determined to empower one million entrepreneurs across Africa by 2030, demonstrating a profound commitment to building a legacy of entrepreneurship.

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    This dedication to social impact has not gone unnoticed. Akindele has been showered with awards and accolades that recognize his significant contributions to business and society. In September, he received an esteemed honour at the 3rd Edition of the Global Awards & Nordic Africa Business Forum held in Helsinki, Finland. This award signifies more than just a trophy; it stands as a powerful testament to the fact that vision, authenticity, and relentless dedication can triumph over obstacles. The recognition celebrates Akindele’s exceptional commitment to uplifting communities, enabling entrepreneurs, and fostering impactful transformation across the African continent.

    In the following month, to further underscore his dedication to fostering collaboration, innovation, and shared prosperity in emerging markets, Akindele was appointed as a Board Advisor to the Asian-African Chamber of Commerce & Industry. This role allows him to extend his influence and contribute even more significantly to economic development on a broader scale.

    However, the pinnacle of his recent accolades came at the 2nd Annual Symposium of the Ajibosin Platform—a prominent side event of the celebrated Owu Day Celebration held in Abeokuta, Ogun State. During this remarkable gathering, Akindele received the Distinguished Leadership Award from His Royal Majesty, Oba Prof. Saka Matemilola, the revered Olowu of Owu Kingdom. This recognition was both a joyous and humbling surprise, serving to acknowledge Akindele’s exceptional contributions to leadership, innovation, and social impact through the Olowu Hope Initiative. Such accolades not only reflect his achievements but also inspire others in the pursuit of transformative leadership and community empowerment.

  • Oil magnate Akindele shuns N11 billion fraud trial

    Oil magnate Akindele shuns N11 billion fraud trial

    Lagos-based oil magnate and former Managing Director of Duport Midstream Company Limited, Atlantic Refineries and Chairman of Platform Capital, Mr Akintoye Akindele, did not appear in court for his trial over alleged diversion of $5,636,397.01, and N73,543,763.25, belonging to Summit Oil International Ltd.

    Akindele, who was to appear before Justice Ambrose Lewis-Allagoa of the Federal High Court, Ikoyi, Lagos, on October 2, did not show up.

    Media Practitioner, Lere Olayinka, said in a statement that Akindele, only sent a lawyer, Akin Apara from Bolaji Ayodinde Chambers to inform the court that he had an order of another court to travel abroad.

    He disclosed that Akindele, who is also being investigated alongside others, by the EFCC over alleged misappropriation of the $35 million (about N56billion) meant for the Atlantic International Refinery and Petrochemical Limited (AIRPL), in Bayelsa State, has refused to honour the anti-corruption agency’s invitation.

    Olayinka, who said his interest in the Akindele’s alleged scams was on behalf of his victims, said the alleged $5,636,397.01, and N73,543,763.25 (about N11b) fraud case has been adjourned to November 21, 2024, for the commencement of trial.

    He recalled that Justice James Kolawole Omotosho of the Federal High Court, Abuja, had on May 9, 2024,  ordered that the trial of  Akindele in an alleged $5.6m fraud be moved from Abuja to the Lagos division of the court.

    Olayinka further disclosed that another case of Akindele’s alleged bribery of the Police with the sum of N150 million to stall their investigation will begin in Lagos on October 29.

    In May, a former member of the House of Representatives, Israel Sunny-Goli, petitioned the EFCC, seeking the probe of a multi-million naira investments made by the Nigerian Content Development and Monitoring Board (NCDMB), among which was the Atlantic Refinery project.

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    Sunny-Goli disclosed that a full investment of $35 million was made for the Atlantic Refinery project, which was expected to be a 2,000 bpd modular refinery with a jetty facility and 2MW power plant, with a duration of 24 months completion at the Brass Free Trade Zone (FTZ).

    He said in the petition: “Its target completion period was 24 months from the date of financial close. Full investment amount of $35m was released in one bullet in October 2020.

    “The project has stalled and has little or nothing to show for the disbursement made.”

    “The last time he (Akintoye) was invited by the EFCC, he simply sent his lawyer, who was said to have claimed that he had a court order to travel abroad and he travelled since last month.

    “He has moved from Cape Town in South Africa to Paris in France. His last destination was London,” Olayinka said.