It is no longer news that the marriage between frontline female politician, Chief Mrs. Remi Adiukwu, and her erstwhile hearthrob, businessman and socialite, Chief S.O Bakare, popularly known as Oluwalogbon, ended years ago.
What many people, including close friends and relatives have been yearning to know is the real reason why the once yummy marriage ended abruptly.
It can now be authoritatively reported that the two former love birds went their separate ways due to a awry business transaction entered into by Oluwalogbon years back when he was still the chairman of the defunct Metropolitan bank.
Recall that Adiukwu, a former gubernatorial candidate in Lagos State who also served as a commissioner during the administration of Asiwaju Bola Ahmed Tinubu in the state, got married to Oluwalogbon, the Babalaje of Ijebuland and owner of Oluwalogbon Motors, in December 2002 after dating him publicly for a couple of years. The two were an item together during g this period.
The marriage suddenly came to an end about a decade ago, with many reasons for the crash flying around especially on social media. The two erstwhile lovers have kept sealed lips on the matter ever since then.
The crack became more evident when Adiukwu dropped Bakare from her name and reverted to her former appellation. Aside this development, neither of the duo offered any insight into the circumstances that led to the union hitting the rocks.
However, it can now be revealed that a business transaction carried out by Oluwalogbon, which started in 2001 when he registered two companies in the name of his then wife, Chief Mrs Remi Adiukwu and his friend Mr. Omole, is at the root of the failed marriage.
According to findings, the two companies were granted a Commodity Import Finance loan totalling about N1 billion by the Metropolitan bank.
Oluwalogbon’s chairmanship of the bank perhaps made it impossible for him to have used his own name for the transaction.
It was further gathered that the commodities, iron rods, when imported into the country, using the CIF loan, were warehoused by Metropolitan bank, in Oluwalogbon’s premises at Ikeja in Lagos, obviously to keep his eye on the deal. And according to our sources, every single sale made of the commodities was only after approval by the bank.
The duo of Adiukwu and Omole played no role in the warehousing, sales and accounting of the commodities while the transaction lasted. Quoting a reliable source, Adiukwu, who was at the time engrained in partisan politics, saw the companies as owned by her husband and as such didn’t ask questions about it’s finances.
Somehow, the deal went sour and since then there has been issues with the companies and the Nigerian Deposit Insurance Company (NDIC). That was when the marriage became troubled as Adiukwu became alarmed that she could be asked to come and explain a transaction she knew next to nothing about.
Sources say she has been invited severally by the NDIC over the matter and she never stopped explaining that both the running of the business and the management of the funds were determined by Chief Oluwalogbon. While nothing has been pinned on her as regards the transaction, her name as a director of the companies remained an issue.
Her disappointment that Chief Bakare failed to resolve the matter over the years in spite of the embarrassment it is causing her contributed to the failure of their marriage in 2013, according to reliable sources. “Up till now, the matter is yet to be resolved. Chief Bakare has never denied being the one who ran the business and managed the funds, but he is just not doing enough to resolve the issue with NDIC and exonerate Remi. Maybe because his name is not on the list of directors,” an angry source said.
