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Tag: Jimoh Ibrahim

  • Tinubu, Ondo impasse and resolutions

    Tinubu, Ondo impasse and resolutions

    Ondo State cannot afford to be at war with itself, writes Jimoh Ibrahim

    The events in Ondo State will soon play out the thesis that liberalism is for absolute peace for the security of humanity. It is needless to engage in war for the peace of the state, and the realist that triggers war in Ondo State must be ready for collaboration and cooperation as President Tinubu posited; in any event, difficult times don’t last long. Ondo State cannot afford to be at war with itself. Regrettably, the realists at the centre of power accumulation in Ondo State are epiphenomena. We know their master, and it is in the democratic peace arena that we shall be engaging their power by democratic votes! They may get no votes in the reality of a democratic election measurable to the power they need now. Otherwise, they should challenge Aketi in a new election and become the Governor!! President Tinubu took power even when the maximum ruler and the head of the realists in Daura kept petrol and currency from 200 million people! President Tinubu was sure of himself as a liberal democrat.

    Read Also: Cash crunch hits Akure

    Let us not forget that “politics is a power struggle.” Even in the most hospitable circumstances, the human condition is precarious because we are all unavoidably exposed. Yes, as Hobbes in ‘States of Nature,’ every human being is a potential threat because the struggle for survival in a world of limited resources is a ‘war of all against all.’ Hobbes thought that putting a government in place is an excellent way of guaranteeing security! In a world without a government to enforce order – a condition that Hobbes calls the state of nature – every human must be vigilant against threats to survival. A world without Government, he claims, forces humanity into a constant state of war because there is no way to trust in the excellent or peaceful intentions of others. We must always be on our guard lest we be attacked. This condition – in which no ruler or judge can resolve disputes and establish security – is anarchy. In a lawless world, Hobbes argues that our lives must revolve around survival, leaving no time for agriculture, the arts, or sciences conditions of anarchy; Hobbes says, ‘the life of man [is] solitary, poor, nasty, brutish, and short”.

    As I replied to Hobbes in my PhD War thesis, it is also the case that the Hobbesian phenomenon underscores man’s aggressiveness in the state of nature that requires the leviathan’s intervention. In the face of the Buhari government, Boko Haram created a condition in the Northeast that makes the life of man [is] solitary, poor, nasty, brutish, and short”—a celebration of the leviathan’s failure.

    Aketi case is not that of abuse of power as we saw in Darfur, where Sudanese President Omar al-Bashir was charged by the International Criminal Court (ICC) with war crimes against humanity. There is a Government in Ondo State. Aketi is not the Government but the Head of that Government. We have never had issues with the apparatus of Government and Governance (apologies to the sociologists). Aketi will be back, and this time shall pass!

    • Ibrahim PhD (Cantab), CFR, is a senator of the Federal Republic of Nigeria

  • Why countries causing carbon emissions must compensate Africa – Jimoh Ibrahim

    Why countries causing carbon emissions must compensate Africa – Jimoh Ibrahim

    Nigerian business tycoon Jimoh Ibrahim wants developed countries causing carbon emissions in Africa to compensate the continent for their action.

     Ibrahim, who represents Ondo South in the Senate, argues that such developed countries should not only engage in climate change conversations but go a step further by signing liability agreement with Africa to pay for the carbon emissions caused by their activities.

    He spoke at the ongoing World Bank/International Monetary Fund Meetings in Morocco.

    Read Also: African China, Nigga Raw, others set for Oji Ezinihitte cultural festival

    Citing the carbon dioxide from  cars manufactured in America and burning of fossils,Ibrahim said: “this is really affecting Africans and their health. The consequences should be paid by the pollutant and they should pay for the damage that erupts in the African continent, because disaster does not require visa to travel.”

    He added: “Who is going to pay for the burning of fossils and pollution of carbon dioxide in Africa?”  

  • Jimoh Ibrahim appoints 100 personal assistants

    Jimoh Ibrahim appoints 100 personal assistants

    The senator representing Ondo South Senatorial District, Jimoh Ibrahim, has appointed 100 personal assistants to carry out his legislative duties.

    Ibrahim, who made the announcement Via a post on his X handle on Tuesday, September 19, said each of the 100 constituents will receive a bank draft of N300,000 each as empowerment.

    He said: “As I mark 100 days in office today, I am pleased to announce the appointment of the following as my assistants in carrying out my legislative duties.

    Read Also: Jimoh Ibrahim urges Tinubu to create revenue ministry

    “The 100 constituents will receive a bank draft of N300,000 each as empowerment and we will also be flagging off-road rehabilitation, maintenance, and construction in our Senatorial district.

    “These appointments are a reflection of my dedication to delivering excellent representation, attending to constituents’ needs, and supporting the legislative goals that have a positive influence on our people’s lives.”

  • Jimoh Ibrahim loses mum to Lagos fire incident

    The mother of billionaire businessman, Jimoh Ibrahim, has died in a fire incident. Madam Omofemiwa Ramat Ibrahim, 78, It was learnt, died at her son’s Road 3B8 Victoria Garden City (VGC), Lekki residence in the early hours of Saturday.

    The fire was said to have occurred around 1am.

    According to eyewitnesses, the fire was caused by a candle lit by the septuagenarian for prayer.

    She was said to be a Catholic. But the Lagos State Emergency Management Agency (LASEMA) said it was caused by power surge.

    On its twitter handle @lasemasocial, the LASEMA Response Unit (LRU) wrote “LRU Fire and Rescue unit on a fire rescue operation at VGC. Fire was caused by a Power surge.” The Agency urged Lagosians to “endeavor to check all power units in our individual homed regularly.”

    The Nation learnt that Madam Ibrahim was pronounced dead at the scene after fire fighters arrived the scene. Her remains were said to have been deposited at the morgue.

    Lagos State Fire Service Director Rasaki Musibau said the fire service was alerted at 02.20am and its Lekki Phase 1 station arrived at the scene around 02.27am.

    According to him, the fire service met the VGC fire station on ground, which doesn’t have enough equipment to put the fire. The firefighters later quenched the fire and left around 4am.

    Police Spokesman Chike Oti, a Chief Superintendent (CSP) confirmed the incident.

    “If we have been alerted earlier, we would have reduced the damaging effects,” he said. The commodity, he said, was handed over to LASEMA.

  • Jimoh Ibrahim’s mum dies in fire incident

    The mother of billionaire businessman, Jimoh Ibrahim, has died in a fire incident.

    Madam Omofemiwa Ramat Ibrahim, 78, it was learnt, died at her son’s Road 3B8 Victoria Garden City (VGC), Lekki residence in the early hours of Saturday.

    The incident was said to have occurred around 1am.

    According to eyewitnesses, the inferno was caused by a candle lit by the septuagenarian for prayer.

    She was said to be a Catholic.

    But the Lagos State Emergency Management Agency (LASEMA) said it was caused by power surge.

    On its twitter handle @lasemasocial, the LASEMA Response Unit (LRU) wrote “LR unit on a fire rescue operation at VGC. Fire was caused by a power surge.”

    The Agency urged Lagosians to “endeavor to check all power units in our individual homed regularly.”

    The Nation learnt that Madam Ibrahim was pronounced dead at the scene after fire fighters arrived the scene.

    Her remains were said to have been deposited at the morgue.

    Lagos State Fire Service Director Rasaki Musibau said the fire service was alerted at 02.20am and its Lekki Phase 1 station arrived at the scene around 02.27am.

    According to him, the service met the VGC fire station on ground, which doesn’t have enough equipment to put the inferno.

    The firefighters later quenched the fire and left around 4am.

    “If we have been alerted earlier, we would have reduced the damaging effects,” he said.

    The commodity, he said, was handed over to LASEMA.

    Police Spokesman Chike Oti, a Chief Superintendent (CSP) confirmed the incident.

    “Report available showed that she was the only casualty,” he said.

    According to him, the late woman’s remains have been deposited at Lagos State General Hospital Morgue.

    Investigations, he said, were on to determine the cause of the incident.

    It was learnt that Madam Ibrahim was moved to VGC to be close to her billionaire son after she was released by kidnappers in 2011.

    She was kidnapped in Igbotako, Ondo State and released in Sapele, Delta State after her family paid millions as ransom.

  • Newswatch: Jimoh Ibrahim wins at Appeal Court

    The Court of Appeal in Lagos has set aside the judgement of the Federal High Court delivered  on October 20, 2014and affirmed billionaire businessman  Jimoh Ibrahim as the legal owner of Newswatch.

    In a unanimous judgement read by Justice Tijjani Abubakar , the three-man panel of justices said the appeal by lbrahim ” is meritorious and it is hereby allowed. ”

    The judgement was delivered on March 20, this year. Other justices on the panel were Justice Garba Abubakar and Justice Abimbola Obaseki – Adejumo.

    The  justices further said that the trial judge misdirected himself on the issue of the payment of the sum of 510 million Naira for the shares of the company .

    They further ruled that the issue of payment for the share ” becomes res judicata ” since the payment was already litigated upon and Justice Abang has ruled that payment of the said sum was made by Jimoh Ibrahim to the former owners of the company in accordance with clause 6.0 of the share purchase agreement ..

    In the light of the above , they declared that the company was validly acquired.

    The Court further held that all the conditions of the Share Purchase Agreement particularly clause 6.0 were adequately complied with before Jimoh Ibrahim was admitted into the board of the company and subsequently elected as the chairman.

    ” lt is without any doubt, that the lower court erred when it held that 510 million was not paid for the shares, ” the justices said.

    Justice Abubakar declared :  “I think the learned trial Judge apparently missed the point when he only considered questions submitted via originating summons without considering the other processes filed wherein which constitute an integral part of the records before him, particularly the defendant affidavit.”

    The Appeal Court also ruled that the trial judge Buba J of the Federal High Court erred when he held that the “doctrine of estoppel” is not applicable in the present case.

    Ibrahim won the ownership case at a  Federal High Court  . The matter was re-litigated by the defendants before another Federal High Court Court presided over  Buba J who ruled in favour of  Ray Ekpu, Dan Agbese, Yakubu Mohammed and others.

    Ibrahim appealed against the judgement . In a unanimous decision, the appeal court declared that the trial judge ought to have respected the judgement of his learned brother of co-ordinate jurisdiction.

    Justice Abimbola Obaseki-Adejumo  said:  “ipso facto, l  agree with the reasoning expressed in the lead judgement that where a judgement has been delivered by a court, same cannot be subject to review by another court of co-ordinate jurisdiction”

    An elated Ibrahim yesterday said the judgement had now settled the issue of the ownership of Newswatch  He said ” it now beyond contest that  the ownership validly rests in me. ”

    In his reaction to the Appeal Court Judgement Ibrahim commended the appeal court and said that “he lost no sleep on the ownership of the company for a day”

    He said  the judgement has resolved what he called ” the noisy convergence of complexities ” arising from the sale and acqisition of Newswatch.

    “Nigerians now know the truth,” he said, adding that ” the magazine will soon return to newsstands. ”

     

    He dedicated the judgement to the staff of Newswatch, vendors, readers and advertisers who are the victim of the denial of payment of N510million.

     

     

     

     

     

     

     

     

     

     

     

  • Jimoh Ibrahim to fly 200 friends to Oxford

    Great people know that to succeed, one must constantly be on the move, looking out for new things, innovating and discovering virgin terrains. They have the eagle eyes to detect, even from a distance, ventures that will yield fruits and those that might bring ruin.

    Barrister Jimoh Ibrahim is one of such fellows. He is blessed with a discriminating acumen that tells him when to move on from old loves and embrace new ones. Thus, as the embers of his dying oil business gave off another fatal whiff, he shelved sentimental attachment to the venture that had fetched him much. He sold most of his fuel stations to Dapo Abiodun, the Chairman of Heyden Oil, who was all too glad to acquire them.

    Having got rid of the once beloved child that had become a burden, Jimoh moved like the conquering heroes of yore into global banking and investment. To say he has enjoyed success in this regard would be to state the obvious. His thriving investment banks in Hong Kong, Ghana and Sao Tome now stand as testimonies to his genius and foresight.

    Now the toast of many governments, Barrister Ibrahim has a palatial residence in Dubai where he has been named as an official investor in the country because of his large real estate holdings there. As if these accomplishments were not enough, he would also be graduating from the University of Oxford in May and has resolved to fly a 200-strong contingent to the event.

  • Jimoh Ibrahim,wife in differing birthday soirees

    It is no longer news that billionaire businessman and chairman of Global Feet Jimoh Ibrahim turned 50 in February. What many people don’t know is that his lovely wife of many years, Modupe, is only a few weeks younger than him and has since joined him in the 50s’ club. She marked her birthday two weeks ago too.

    The most interesting part, however, is how the couple marked their respective birthdays. Jimoh, a business mogul, had to make do with a birthday devoid of any formal celebration because he was in the UK pursuing another master’s degree in addition to the pile of degrees in his kitty.

    Still, the philanthropist must have thought that his birthday was a good time to reward himself the same way he has been rewarding others. Hence he bought himself a customised Rolls Royce which was believed to have set his pocket back by a whopping N300 million.

    On her own part, Modupe, unencumbered by any academic pursuit, invited the cream of the high society to a birthday bash which took place at the couple’s Victoria Garden City residence. There was a lot of fanfare and merriments at the high octane event which featured performances by popular musicians.

  • Ondo: Ibrahim urges calm over court’s verdict on PDP ticket

    The Peoples Democratic Party (PDP) governorship aspirant in Ondo State, Jimoh Ibrahim, on Thursday urged his supporters to be calm over Wednesday’s appeal court judgement which declared Eyitayo Jegede the authentic candidate of the party in Saturday governorship election in the state.

    In a statement he issued in Okitipupa, Ibrahim urged his supporters not to join issues with anyone on the matter.

    The governorship aspirant expressed confidence that he would get justice at the Supreme Court.

    “We have nothing to lose as the Supreme Court will sit on the case on Friday. We shall get justice and if PDP wins Saturday’s election, we shall have our four years mandate to rule Ondo State,” the News Agency of Nigeria (NAN) quoted the businessman as saying in the statement.

    “Let me advise you not to abuse anyone or fight over this one day ruling, which was paid for from the state treasury.

    “Mimiko will not succeed himself with Jegede. This is too sure, let’s continue with our work and remain in our great party, the PDP.”

  • BREAKING: Court reinstates Jegede as Ondo PDP candidate

    BREAKING: Court reinstates Jegede as Ondo PDP candidate

    The Court of Appeal in Abuja on Wednesday set aside the ruling of Justice Okon Abang that ordered the Independent National Electoral Commission (INEC) to publish Jimoh Ibrahim’s name as the governorship candidate of the Peoples Democratic Party (PDP) in the forthcoming Ondo election.

     

    Details shortly…