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Billionaire Business Man, Tonye Cole’s Visibility

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Tonye Patric Cole is no pushover when it comes to the scheme of things in Rivers State Nigeria. As a politician or as a technocrat, he has successfully crested his name in Gold with a wealth of experience as a co-founder and an executive of Sahara Energy; an Oil and Gas conglomerate thriving in the oil and gas sector with investment power worth billions of dollars. As a close Ally to the immediate past Governor of Rivers State and former Minister for Transportation Rotimi Chinukem Ameachi, many averred that his sojourn into politics was ignited by his friend who wanted him to wrestle the state from Governor Nyesom Wike.

 

After trying in the 2019 election, securing the party’s ticket but his dreams were truncated by several legal tussles that made the Electoral body remove his party from the ballot. Like a man who does not give up on his dreams, the Graduate of Engineering from the University of Lagos continued chasing his dream politically by working on his grass root structure.

 

The Smooth-talking Billionaire business mogul is currently facing stiff opposition as the controversies shrouded around his emergence as the 2023 Rivers State Guber All Progressives Congress flag bearer most especially Senator Magnus Abe’s camp who opposed the primary election. One thing Cole is currently worried about is how those he was banking on to help him make the Rivers state government house are bidding the party farewell. However, in a bid to solidify the party ahead of the pools next year Sources says the founder of Nehemiah Youth Empowerment Initiative foundation is currently working assiduously to ensure the house is in order to aid his success at the pools. Tonye has been going round on wide consultation and has also been appeasing aggrieved party members to work in hand with him. He is aware that if the house is not in order, his election might pan out like that of Osun State so he is trying hard to ensure all hands are on deck to ensure his victory.” A source disclosed.

CITYSPY also gathered that since his emergence as the guber candidate, he has intensified his attendance at social events where he now socializes and mixes with people. While some say it’s not connected to his Guber ambition some argue that He is not a social butterfly but since he grabbed the party’s ticket, he has been attending social events to ensure his visibility. “Tonye hardly attends parties prior to his emergence. If it’s not business or maybe his church or foundation activities he hardly attends. Lately, he has been attending soirees. He was at the 80th birthday of Sisi Abba Folawiyo, He also attended the installation of Erelu Abiola Dosunmu as the Yeye Oodua, He attended the Wedding Soiree of Dr. Tope Agbeyo’s son as well last weekend. It’s a welcome development, you need to socialize more in politics so his visibility will help him during the election.”

 

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TANKER ACCIDENT : LASTMA RESCUE ANOTHER 4 ACCIDENT VICTIMS INSIDE TRICYCLES AT IKOTUN, LAGOS

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…Tricycle driver with one passenger died instantly.

Operatives of the Lagos State Traffic Management Authority (LASTMA) today rescued another 4 fatal accident victims inside mini commercial buses (tricycles) around Ikotun area of Lagos.

The accident which occurred around 12:30 pm today involved a fully loaded container truck (JJJ 125) and 4 mini commercial buses (tricycles) with registration nos (LSD 83 QM), (AKD 690 QK) & (AKL 87 QF)

The driver of one of the mini commercial bus (tricycle) with one passenger died instantly.

Those four (4) rescued accident victims by Lastma personnel were 2 pregnant women and 2 children.

Lastma personnel immediately handed over those rescued victims to Police men from Ikotun Police Station who took them to General Hospital for treatment.

 

A preliminary investigation revealed that the fully loaded container truck (JJJ 125) had a brake failure and crushed 3 tricycles by a valley around synagogue when going towards Ikotun.

The Lagos State Emergency Management Agency (LASEMA) immediately moved the tanker with those crushed tricycles to Ikotun Police Station

Other emergency responders including the Nigerian Police men from Ikotun Police Station were at the scene of the accident.

The General Manager of LASTMA Mr Bolaji Oreagba however warned tanker owners and drivers to always ensure that their trucks are properly checked and in good conditions before embarking on any journey.

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LIRS Boss, Ayodele Subair, Bags Vanguard’s Public Sector Icon Award

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Mr Ayodele Subair, Executive Chairman, Lagos State Internal Revenue Service (LIRS) has been conferred with the 2022 Public Sector Icon of the year at the 11th edition of the Vanguard Personality of the Year Award held at the Eko Hotels and Suites, Victoria Island, Lagos on Friday, January 27, 2023.

The glamorous ceremony chaired by Mrs Ajoritsedere Awosika, Chairman of Access Bank, is an annual event where eminent personalities who have distinguished themselves in professional excellence and service to humanity in the private and public sectors are honoured.

According to the organizer of the event, Vanguard Newspaper Limited, the LIRS boss, Subair, was conferred with the special award in recognition of his magic wand in the Lagos state tax revolution during the last seven years of being in office.

L-R: Mrs Enonuya Angela- Assistant Director, Personal Income Tax, LIRS, Ms Coker Folashade- Director, Informal Sector and Special Duties, LIRS, Ayodele Subair, Executive Chairman, Lagos State Internal Revenue Service, LIRS and Mrs Bolaji Akintola, Director, Tax Audit, LIRS during the 11th edition of the Vanguard Personality of the Year Award held over the weekend at the Eko Hotels and Suites, Victoria Island, Lagos.

Receiving the award, alongside some of the LIRS directors, Subair expressed gratitude to the Vanguard Newspapers’ management for finding him worthy to be selected for the honour.

“I must thank the chairman and management of Vanguard Newspapers. They’ve been there as the vanguard leading the way in developments and new ideas for many years. To be on top is not very easy. They are one of the best newspaper organisations in Nigeria. I say kudos to them.”

Speaking further, Subair noted; “I feel very proud about our achievements at LIRS. It’s not just about me. It is about LIRS, the management, the directors, and staff, including most importantly, His Excellency, Governor Babajide Sanwo-Olu for his immense support and encouragement. Also, the Lagos State House of Assembly, the Judiciary and all stakeholders that have contributed to our success.”

Commenting on the impact of the award, the LIRS chairman said it had thrown the agency up for more good work.

He said the agency is happy to be contributing to the development of Lagos State and humanity. According to him, “Without mobilization of funds, there can’t be any meaningful development.”

Born on May 21, 1960, Subair holds a Bachelor of Arts Degree in Economics from the Metropolitan University of Manchester, United Kingdom. He also holds a Master’s Degree in Business Administration from the University of Lagos. A fellow of the Institute of Chartered Accountants of Nigeria, ICAN, member of both the Chartered Institute of Taxation of Nigeria, CITN, and the Business Recovery and Insolvency Practitioners Association of Nigeria, BRIPAN.

Prior to his appointment in 2016, the internally generated revenue, IGR, by the LIRS, hovered around N240 billion, but with his astute knowledge and experience in accounting and taxation, Subair has increased revenue generation to N427 billion, nearly doubling the initial revenue at the start of his tenure.

Subair has introduced various innovative measures to shove up the tax revolution in Lagos State, which included the introduction of e-Tax, which has resulted in a faster turn-around time for tax processes, improved transparency, and increased taxpayer self-service.

At the prestigious Award night, aside from the LIRS boss, other eminent Nigerians were conferred with different categories of awards, including the President of Dangote Group, Alhaji Aliko Dangote, who won the Personality of the Year Award.

Governors Emmanuel Udom of Akwa Ibom, Babagana Zulum of Borno, Ifeanyi Okowa of Delta, AbdulRahman Abdulrazaq of Kwara and Seyi Makinde of Oyo emerged as Vanguard Newspaper 2022 governors of the year. Also honoured were, Chairman of NDLEA, General Buba Mara (rtd), Founder/CEO Techno Oil, Nkechi Obi, Ray Ekpu and Mohammed Bello Koko, CEO, Nigerian Port Authority among others.

Earlier, speaking at the award ceremony, General Manager/Ediro-in-Chief of Vanguard Newspaper, Mr Gbenga Adefaye, said that for a decade, Vanguard Newspaper has continued to recognize Nigeria’s most distinguished individuals for excellence, national pride and service to humanity.

L-R: Mrs Enonuya Angela- Assistant Director, Personal Income Tax, LIRS, Asiwaju Solomon Kayode Onafowokan, former President Lagos Chamber of Commerce & Industry and Chairman, Coleman Wire and Cables presenting the 2022 Public Sector Icon of the Year Award to Ayodele Subair, (middle) Executive Chairman, Lagos State Internal Revenue Service, LIRS, Ms Coker Folashade- Director, Informal Sector and Special Duties, LIRS and Mrs Bolaji Akintola, Director, Tax Audit, LIRS during the 11th edition of the Vanguard Personality of the Year Award held over the weekend at the Eko Hotels and Suites, Victoria Island, Lagos


Adefaye noted that these individuals in business, politics and other facets of human endeavours have not only achieved great success but have been responsible corporate citizens, impacting society and the environment. “They have been innovative and forward thinking and have taken bold steps to shape the future of their industries and served with integrity and dedication to improve the nation “There are numerous ways to make a positive influence, whether by volunteering our time, closing market gaps, spearheading innovation, being a model citizen or simply lending a helping hand to people in need’’ he said.

Hosted by actress and television presenter, Zainab Balogun and her male colleague, Deyemi Okanlawon, the ceremony had in attendance society’s Crème de la crème including captains of industry, members of the diplomatic corps, businessmen, and women businesswomen, media personalities as well as members of the culture and creative industry.

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LIRS Boss, Ayodele Subair, Bags Vanguard’s Public Sector Icon Award 2022

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Mr Ayodele Subair, Executive Chairman, Lagos State Internal Revenue Service (LIRS) has been conferred with the 2022 Public Sector Icon of the year at the 11th edition of the Vanguard Personality of the Year Award held at the Eko Hotels and Suites, Victoria Island, Lagos on Friday, January 27, 2023.

The glamorous ceremony chaired by Mrs Ajoritsedere Awosika, Chairman of Access Bank, is an annual event where eminent personalities who have distinguished themselves in professional excellence and service to humanity in the private and public sectors are honoured.

According to the organizer of the event, Vanguard Newspaper Limited, the LIRS boss, Subair, was conferred with the special award in recognition of his magic wand in the Lagos state tax revolution during the last seven years of being in office.

L-R: Mrs Enonuya Angela- Assistant Director, Personal Income Tax, LIRS, Ms Coker Folashade- Director, Informal Sector and Special Duties, LIRS, Ayodele Subair, Executive Chairman, Lagos State Internal Revenue Service, LIRS and Mrs Bolaji Akintola, Director, Tax Audit, LIRS during the 11th edition of the Vanguard Personality of the Year Award held over the weekend at the Eko Hotels and Suites, Victoria Island, Lagos.

Receiving the award, alongside some of the LIRS directors, Subair expressed gratitude to the Vanguard Newspapers’ management for finding him worthy to be selected for the honour.

“I must thank the chairman and management of Vanguard Newspapers. They’ve been there as the vanguard leading the way in developments and new ideas for many years. To be on top is not very easy. They are one of the best newspaper organisations in Nigeria. I say kudos to them.”

Speaking further, Subair noted; “I feel very proud about our achievements at LIRS. It’s not just about me. It is about LIRS, the management, the directors, and staff, including most importantly, His Excellency, Governor Babajide Sanwo-Olu for his immense support and encouragement. Also, the Lagos State House of Assembly, the Judiciary and all stakeholders that have contributed to our success.”

Commenting on the impact of the award, the LIRS chairman said it had thrown the agency up for more good work.

He said the agency is happy to be contributing to the development of Lagos State and humanity. According to him, “Without mobilization of funds, there can’t be any meaningful development.”

Born on May 21, 1960, Subair holds a Bachelor of Arts Degree in Economics from the Metropolitan University of Manchester, United Kingdom. He also holds a Master’s Degree in Business Administration from the University of Lagos. A fellow of the Institute of Chartered Accountants of Nigeria, ICAN, member of both the Chartered Institute of Taxation of Nigeria, CITN, and the Business Recovery and Insolvency Practitioners Association of Nigeria, BRIPAN.

Prior to his appointment in 2016, the internally generated revenue, IGR, by the LIRS, hovered around N240 billion, but with his astute knowledge and experience in accounting and taxation, Subair has increased revenue generation to N427 billion, nearly doubling the initial revenue at the start of his tenure.

Subair has introduced various innovative measures to shove up the tax revolution in Lagos State, which included the introduction of e-Tax, which has resulted in a faster turn-around time for tax processes, improved transparency, and increased taxpayer self-service.

At the prestigious Award night, aside from the LIRS boss, other eminent Nigerians were conferred with different categories of awards, including the President of Dangote Group, Alhaji Aliko Dangote, who won the Personality of the Year Award.

Governors Emmanuel Udom of Akwa Ibom, Babagana Zulum of Borno, Ifeanyi Okowa of Delta, AbdulRahman Abdulrazaq of Kwara and Seyi Makinde of Oyo emerged as Vanguard Newspaper 2022 governors of the year. Also honoured were, Chairman of NDLEA, General Buba Mara (rtd), Founder/CEO Techno Oil, Nkechi Obi, Ray Ekpu and Mohammed Bello Koko, CEO, Nigerian Port Authority among others.

Earlier, speaking at the award ceremony, General Manager/Ediro-in-Chief of Vanguard Newspaper, Mr Gbenga Adefaye, said that for a decade, Vanguard Newspaper has continued to recognize Nigeria’s most distinguished individuals for excellence, national pride and service to humanity.

L-R: Mrs Enonuya Angela- Assistant Director, Personal Income Tax, LIRS, Asiwaju Solomon Kayode Onafowokan, former President Lagos Chamber of Commerce & Industry and Chairman, Coleman Wire and Cables presenting the 2022 Public Sector Icon of the Year Award to Ayodele Subair, (middle) Executive Chairman, Lagos State Internal Revenue Service, LIRS, Ms Coker Folashade- Director, Informal Sector and Special Duties, LIRS and Mrs Bolaji Akintola, Director, Tax Audit, LIRS during the 11th edition of the Vanguard Personality of the Year Award held over the weekend at the Eko Hotels and Suites, Victoria Island, Lagos


Adefaye noted that these individuals in business, politics and other facets of human endeavours have not only achieved great success but have been responsible corporate citizens, impacting society and the environment. “They have been innovative and forward thinking and have taken bold steps to shape the future of their industries and served with integrity and dedication to improve the nation “There are numerous ways to make a positive influence, whether by volunteering our time, closing market gaps, spearheading innovation, being a model citizen or simply lending a helping hand to people in need’’ he said.

Hosted by actress and television presenter, Zainab Balogun and her male colleague, Deyemi Okanlawon, the ceremony had in attendance society’s Crème de la crème including captains of industry, members of the diplomatic corps, businessmen, and women businesswomen, media personalities as well as members of the culture and creative industry.

Continue Reading

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