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Remembering ‘Mr Rolls Royce’; Bolu Akin-Olugbade Two Years After

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The Bible says that; sweetness is the remembrance of the righteous, while he was alive, the Aare Onakakanfo of Owu Kingdom, Prince Bolu Akin-Olugbade was a man who was larger than life. With Palatial mansions and condominiums littered across the world, He lived like a king, wining and dining with the high and mighty in society. He was generous, stylish and cosmopolitan.

He was a man of style and poise whose built frame goes unnoticed. The trained lawyer never hid his passion and love for the popular high-cost Rolls Royce automobile. Anytime a new edition launches, he is ever ready to break the bank to secure the newest edition. With the sobriquet; ‘Mr Rolls Royce’, he is one of the world’s largest collectors of Rolls Royce auto.

 

 

During his lifetime, Olugbade was a darling of society. Musicians and praise singers sing his praise to the high heaven as they know he would dole out largess for them. Some even have a special anthem for him. He was also known to be a scholar who bagged a PhD in Company Law from the University of Cambridge. Despite every attempt to avert his death as a result of the deadly global pandemic which broke out in 2020; the dreaded Grim reaper came and took him on a sojourn of no return at Paelon Hospital in Ikeja Lagos on the 13th of January 2021. The news of his death spread like wildfire as many who he often fund their welfare was seen crying profusely saying that indeed the good people don’t last. His family was thrown into mourning also his close friends, business partners and associates. Today the 13th of January marks two years after his demise. If he were to be alive; to have to survive the grip of the deadly virus, he would have gone to the church for thanksgiving and might have also cooped the latest version of the 2022 Rolls Royce Cullinan to celebrate his survival or even jet his immediate family abroad for a private celebration but he is no more but his memory still lingers on in the minds of those he has passed through one way or the other.

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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.

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Aare Bashir, Tayo Fakorede are Proud Parent

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For Business magnate and oil mogul; Aare Вashir Olawale Fakorede all he wanted all his life is just to keep affecting the lives of those around him positively, live life to the fullest and see his children do great things in his lifetime. Often time his prayer point is to see his children make him proud little did he know that his daughter Moyosore Fakorede was going to make him a proud father as she introduced her husband to be Olabanji Kalejaye’s family to the Fakorede’s at a massive soiree held in the heart of Lagos last week Saturday.

  An easygoing Aare Bobajoko of Ikate Elegushi does not like to talk much but oftentimes, his giant strides speak volumes for him that’s why he has remained a delight to Hoi polloi businessmen in Nigeria. This was shown by the massive turnout at his soiree.

 

The Yaba College of Technology, Lagos obtained an Ordinary National Diploma in Accounting and later Ambrose Alli University for BSc. Accounting ensured that his daughter made him a proud father at a moment when ladies are indulging in all kinds of nefarious acts. He and his wife Tayo Fakorede never left any stone unturned in other to celebrate their daughter to the high heaven. They hosted one of the biggest shindigs in Lagos as the roll call of dignitaries like; Vice President Yemi and his wife Dolapo Osinbajo who attended to share in their joy. Trust the Fakorede’s when it comes to hosting shindigs it always has an array of the very best continental and local dishes laced with the very best of Cognac, Whiskey and the limited edition Champagnes that are in circulation. They spared no cost to make the introduction a memorable one. Those who attended were swept off their feet as they are anticipating what the wedding proper will look like.

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