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Meet Morola Babalola, The Big Player in Real Estate Business In Nigeria

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Morola Babalola

 

In the male dominated Real Estate business in Nigeria, Morola Babalola is definitely not a rookie, her giant stride in redefining the narratives is worthy of some accolades and encomium. Driven by her passion to create impact and see many rise from the scratch of shelter, to live among the high and mighty in the society, coupled with her spirit of hard work and wealth of experience, she has turned the fantasies of a countless number of families into fantastic realities.

 

No doubt, when Morola Olabisi Babalola was going into the Nigerian property business, she had one goal at the back of her mind, to help those who would not have dreamt of owning a house, not just to own a house, but to own it among the high class. Her imprints in the industry have shown that she set out to impact the actual end-users, people who are actually in need of homes, reaching out to new families who are just growing up with the creation of “middle-income-homes” in the high-ranked area of Lekki and Victoria Island. She is said to have been one of the realtors that broke the fallow ground of that area. Today, many professionals, families, small and medium business owners who are now proud house owners, have her to thank.

Morola Babalola

Morola Babalola

As if that was not enough, Morola in her bid to ensure no one is left out no matter their level of income, pioneered a housing cooperative “Affordable Housing Cooperative Society Ltd” which is aimed towards seeing tenants become landlords of the houses they rent, empowering members and putting their dreams right in their hands. (Watch out for the unveiling of this very soon)

 

With about two decades of experience, the Ogun state born mother of three began her career in real estate when many were still scared of venturing into the sector. She has been exposed to the industry right from the beginning. As a pioneer staff with the foremost real estate company, Primewaterview Limited, Morola started most of the housing units in the company, with individual units in Oniru. At the time, she was also the head of Corporate Services in charge of marketing and managing of high net worth individuals.

 

Morola’s hard work, passion and creativity saw her climb the ladder of greatness when she was deservedly promoted to become the Managing Director of PWV Management Services (a subsidiary of the group company) where she turned the subsidiary around from drowning into a profitable venture and later the Group MD and Chief Executive Officer of Primewaterview Holdings Limited in 2012, after the resignation of the erstwhile GMD and CEO, Adetunji Ogunwusi. She practically organised the facility management and other subsidiary companies for the firm.

 

After selflessly serving under the Primewaterview company for close to 20 years, Morola finally emerged with her own, Townsend Property Investments Limited, a seasoned and fast-growing indigenous real estate Company with a passion for affordable and comfortable housing development, in 2017. Although the company had been incorporated earlier, the full operation began in the year 2017. It is interesting to know that this was a period when the country’s economy was being shaky, but Morola was born to succeed even in the stormy weather. Almost immediately, Townsend hit the ground running with the launch of a 38-unit home in Lekki delivered to the subscribers on the 5th of February, just as promised. At the moment, some other massive, outstanding housing projects are in the pipeline.

 

With Townsend Properties Limited, Morola is setting a new goal post for others to follow, with the launching of real estate into various other sectors, like tourism, with partnership deals with international organisations like the African Union, AU. This is geared towards building tourist destination centres across the state of the federation. This is in a bid to create more comfortable and stress-free experience for tourists. This initiative will see tourists in a whole new world of a fascinating experience.

 

Entertainment

5th Bodex Social Media Hangout: Exploring the power influence and impact of digital platforms

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The 5th edition of the Bodex Social Media Hangout (BSMH) unfolded in grand style, spotlighting the transformative power of social media in shaping narratives, fostering collaboration, and addressing societal challenges. With the theme “Social Media: The Influence, Power, and Impact,” the event attracted dignitaries, influencers, and stakeholders from across various sectors.

 

Panellist discussing at the 5th Edition of the Bodex Social media hangout

The event was moderated by the visionary Bodex Florence Hungbo, who guided the discussions with her signature poise and depth. Representing Governor Babajide Sanwo-Olu, Dr. OreOluwa Finnih, S.A. on SDG who delivered a keynote address on behalf of the governor, who was on an official trip.

The presence of Dr. OreOluwa Finnih highlighted the Lagos State Government’s commitment to leveraging social media as a tool for growth and societal well-being.

The Bodex Social Media Hangout is a distinguished media talk-shop fostering collaboration among social media users, professionals, and stakeholders. Focused on promoting responsible digital citizenship, BSMH aligns with the United Nations Sustainable Development Goals (SDG 3) to enhance the well-being of users and encourage cultural and societal advancements through social media.

The event emphasized the urgent need for Nigeria to address challenges such as fake news, cyberbullying, and online harassment.

A recent survey by The Guardian Nigeria revealed that 86% of Nigerians have encountered fake news, reflecting the pervasive influence of misinformation on social stability. Additionally, issues like mental health threats, cybercrime, and privacy concerns were discussed as critical challenges requiring immediate attention.

Through its sessions, the event showcased how social media has become a powerful tool for fostering awareness, driving economic growth, and promoting cultural exchange. Speakers and panelists also examined the darker side of digital platforms, including the rise of cyberbullying, mental health issues, and the spread of divisive content.

The event featured an impressive lineup of speakers and panelists who provided unique perspectives on the influence, power, and impact of social media:
Dotun Babatunde – The Impact of AI on Social Media

Dotun Babatunde explored the transformative role of Artificial Intelligence in the social media landscape, emphasizing its impact on the “attention economy.” He remarked, “We live in an attention economy, where human attention is a scarce commodity.” Babatunde explained how AI-driven algorithms prioritize engagement, often amplifying sensational content, but also creating opportunities for personalized and meaningful interactions. He encouraged users and creators to approach AI with a balanced perspective, recognizing both its potential and pitfalls.

A/Prof Tayo Popoola Ph.D. – Social Media: The Influence, Power, and Impact

Associate Professor Tayo Popoola from the Department of Mass Communication, University of Lagos, provided a thought-provoking analysis of social media’s role in society. He stated, “Social media is a double-edged sword: it empowers the voiceless but also creates spaces for misinformation and toxicity. The challenge lies in managing its influence responsibly.” Prof. Popoola underscored the importance of digital literacy in enabling users to harness the benefits of social media while mitigating its negative impacts.

Akin Olaniyan – Navigating the Social Media Age: Clout, Influence, and the Ethics of the Attention Economy

Akin Olaniyan delivered a compelling critique of clout-chasing in the social media era. He commented, “Give any moron a smartphone, and anything and everything becomes content. To such a fellow, clout-chasing is an end in itself, and the smartphone just makes it super-easy.” Reflecting on the quality of content creation, he added, “I am tempted to believe that their choice of subjects reflects their intellect, with the more empty-headed being the most daring.” Olaniyan called for ethical standards in digital content creation and urged society to value substance over virality.

ACP Olumuyiwa Adejobi – The Digital Detective: Solving Crimes in the Social Media Age

The Force Public Relations Officer, ACP Olumuyiwa Adejobi, showcased how social media has revolutionized law enforcement. He stated, “Social media is not just a platform for entertainment; it’s a valuable tool for law enforcement. By leveraging the power in the mass number of social media active users, we can solve more crimes and make our communities safer.” Adejobi shared examples of cases solved through digital platforms and emphasized the need for digital-savvy officers to maximize this potential.

In addition to the keynote speakers, the panelists brought fresh insights and diverse expertise to the event. Notable contributors included:
Olufemi Oguntamu, CEO of Penzaarville Africa.
Tomiwa Talabi, Founder/CEO of Lagos Life Influencer.
Dayo Oketola, Author, PR Consultant, and Former Editor at The Punch.
Iyabo Ojo, Actress, Filmmaker, and Influencer.

Hosted by celebrated media personality Frank Edoho, the event featured workshops, live sessions, and networking opportunities, creating an interactive atmosphere for attendees. Discussions covered a range of topics, from personal branding and content creation to the role of digital platforms in fostering community and enhancing security.

The panelists emphasized the power of social media in amplifying voices, holding leaders accountable, and fostering a sense of global connection. However, they also called attention to the darker aspects of the digital world, advocating for measures to combat negativity and promote a safer online environment.

Dr. OreOluwa Finnih reaffirmed the Lagos State Government’s vision of creating a digital ecosystem that promotes economic growth, cultural exchange, and societal well-being. The event’s mission remains clear: to foster collaboration, combat negativity, and shape Nigeria’s digital landscape for the better.

The Bodex Social Media Hangout remains a leading force in shaping Nigeria’s digital landscape.

In the words of Bodex Florence Hungbo: “Social media is the new oil well, Let us go fetch it.”

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Opinion

Rejoinder: “I Don’t Know Justice Osiagor from Adam”: Adegboruwa and the Distortion of Truth

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By Valentine Idedia

It is regrettable and deeply troubling to read Ebun Adegboruwa SAN’s feeble response titled “I don’t know Justice Osiagor from Adam,” in an attempt to deflect attention and create a diversion through disinformation, all while a court case is ongoing. This has been a hallmark of this simple civil dispute since it began in 2022.

Frankly, no one is concerned about whether Adegboruwa knows Justice Osiagor. He is free to associate with the judge, but that should not interfere with a case of this significance. The real issue is Adegboruwa’s disregard for the judicial process, which has led to unnecessary controversy.

The case centers on Maurice Etim, a minority shareholder and director of several companies within the Edmark Group, and his co-director, Sam Low Ban Chai, a Malaysian businessman under investigation by Interpol for serious criminal offenses, including forgery, fraudulent corporate practices, and money laundering.

Etim claims that his signature was used without his consent for corporate resolutions, financial statements, tax filings, and more. These allegations prompted an official investigation, and the Nigerian Attorney General, in collaboration with Interpol, has uncovered substantial evidence, including over 500 bank accounts opened in Edmark’s name without Etim’s approval.

The focus now should be on Adegboruwa’s behaviour throughout this case. Settlement talks initially occurred but broke down when Etim refused to agree to a condition barring him from pursuing legal action. Since then, Adegboruwa’s legal tactics have taken a concerning turn.

While Adegboruwa can claim not to know Justice Osiagor, his insistence (following his letter to the Chief Judge of the Federal High Court) that it must only be Justice Osiagor that will handle his cases on the Edmark matters is intriguing.

This is despite Justice Osiagor’s earlier decision in a sister case, which favours Adegboruwa, raising serious questions, where Osiagor held that the police should be stopped from investigating Maurice’s complaint of forgery of his signature on a board resolution—a document that is part of Adegboruwa’s defence to the Maurice petition for unfairly prejudicial conduct.

Adegboruwa described Justice Aneke as unfair. He is not satisfied that the matter is before Justice Dipeolu. The distinguished SAN wants the matter returned only to Justice Osiagor.

It appears that it is only Osiagor who can do justice in the legal world of Adegboruwa. Is he saying that all the other justices of the Federal High Court, including the senior Justices in the Lagos Division, are not fit and proper to be judges?

Issues of Judicial Bias
What is even more baffling is the series of petitions, motions, and allegations of bias put up by Justice Osiagor. Osiagor had previously handled a case involving Adegboruwa, creating a potential conflict of interest.

Etim’s counsel requested Osiagor’s recusal from two pending suits, and while Osiagor agreed to recuse himself from one, he refused to do so for the primary petition, where Adegboruwa represented the Respondents.

When Etim’s counsel appealed, Osiagor dismissed the motion for a stay of proceedings and vacated earlier interlocutory orders without formal application. He then appointed a junior auditor, Samuel Ibrahim, against Etim’s request for a more qualified firm.

Later, Osiagor replaced Ibrahim with Ariyibi, who was found to have a close connection to Osiagor’s church—a relationship not disclosed at the time.

Questionable Orders and Interventions
Etim’s counsel opposed the auditor’s actions and filed for intervention, but Justice Osiagor ruled against them. Additionally, Osiagor granted orders restricting Etim’s access to the Edmark Group’s premises in a separate petition, despite objections from Etim’s counsel.

Meanwhile, Adegboruwa filed a new action in the Lagos State High Court for more restraining orders, which were challenged by Etim’s counsel as an abuse of the court process.

To complicate matters further, the police were involved in enforcing these orders, despite questions about their legitimacy. The intervention of the Inspector General of Police was required to halt the unlawful execution.

Etim’s counsel also sought Justice Osiagor’s recusal from the subsidiary petition, which was granted in November 2024.

Public Concern
The public is left wondering: What is the nature of the special relationship between Adegboruwa SAN and Justice Osiagor? Why has Adegboruwa insisted that only Justice Osiagor should preside over this matter?

Justice Osiagor’s emotional outburst in court and his subsequent recusal do little to mask the apparent bias and possible collusion between him and Adegboruwa.

This situation is a clear example of the Tragedy of the Commons, where individuals act solely in their own self-interest, ultimately causing harm to all parties involved. This behaviour reflects a broader problem in Nigeria’s legal system.

Conclusion
Ebun Adegboruwa SAN’s actions in this case are tarnishing his reputation and casting a shadow over the legal profession. His tactics, including judicial intimidation, obstruction of justice, and the abuse of state power, suggest that his earlier image as a human rights advocate may have been a façade for self-serving ambitions.

By manipulating legal processes for personal gain, Adegboruwa risks losing the respect he once commanded and may be remembered not as a defender of justice, but as a legal villain who uses his position to manipulate the law.

Valentine Idedia, Sales and Marketing Specialist and has followed the court proceedings closely. He is also an an avid interest in fighting injustice

 

 

Reference: https://www.facebook.com/share/p/1FSpUJ9gQU/

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Entertainment

Exclusive: Why Funke Akindele Left Femi Adebayo’s Seven Door Movie Premiere in Anger

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Funke Akindele, a prominent actor and producer celebrated for her recent film release, “Everybody Loves Jenifa,” was once again the center of attention during the premiere of her former lover, collaborator, and fellow actor Femi Adebayo’s much-anticipated movie, “Seven Doors.” This event took place at the Imax Cinema in Lekki Phase 1 on December 11, 2024. Many guests, including cast and crew members, gathered to get a glimpse of the new film, which is slated for release on Netflix tomorrow.
Eyewitness accounts reveal to CITYSPY that; Funke Akindele arrived at the venue accompanied by a group of about five individuals, consisting mainly of her assistants. However, Funke was the only member of her entourage to possess an access tag, as mandated by the event organizers, who had instructed security personnel to prioritize those with tags for crowd control purposes. While Funke and one other individual were allowed entry, the remaining three members of her party were denied access due to the security team not recognizing their association with her.
Instead of engaging with the security staff to clarify the situation—similar to how veteran actor Prince Jide Kosoko managed to gain entry for himself and his daughters, who also lacked tags—Funke reportedly became agitated. She expressed her frustration and abruptly left the event before the premiere started, making her way toward her car. Witnesses noted that many attendees expected her to handle the situation with more composure; after all, the security personnel were simply performing their duties.
As the incident unfolded, several senior actors present at the premiere attempted to intervene, calling Funke in hopes of calming her down and facilitating a resolution. However, she dismissed their concerns, got into her vehicle, and instructed her driver to leave the premises. This display of impatience and disregard for the assistance offered by her peers left a sour taste in the mouths of many attendees, who questioned why Funke Akindele, known to have a cordial relationship with Femi Adebayo, would react in such a manner—especially considering that Femi had supported her at her own movie premiere just days prior.
However, several eyewitnesses countered his perspective, explaining that it was Funke who had escalated a minor issue into something significant, when all that was required was a bit of patience and understanding to resolve the misunderstanding.
The reactions from veteran colleagues within the industry were overwhelmingly negative, as many felt that Funke’s behavior was not only insulting but also unbecoming of someone of her stature. They expressed their disappointment, noting how they had tried to reason with her as she departed the event without acknowledgment. Such responses have sparked discussions among industry peers about the importance of humility and professionalism, especially in public settings.

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