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Babatunde Ajayi Emerges As New Akarigbo Of Remoland

Following the recommendation of two candidates as Akarigbo of Remoland by the Kingmakers, the Ogun State Government has approved the nomination of Prince Babatunde Ajayi a Chartered Accountant and Lawyer as the new Akarigbo elect.

The kingmakers have already approved names of 16 candidates from Torungunwa Ruling House.

Speaking to Journalists in a telephone conversation, the Ogun State Commissioner for Local Government and Chieftaincy Affairs, Chief Jide Ojuko said the State Government has approved the nomination of Prince Ajayi.

Two major contenders that were recommended to the ancient crown are 86years old Gabriel Ogunmola, a professor Emeritus and Prince Babatunde Ajayi, a Chartered Accountant and legal practitioner.

Babatunde Adewale Ajayi, is the Managing Partner of Babington Ashaye & Co. He has over 20 years’ experience in Insolvency and Restructuring and has handled not less than 250 insolvency and restructuring assignments to date.

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Ajayi handled the Liquidation of Nigeria Airways Ltd. as the Assistant Liquidator and the privatization of the three Steel Rolling Mills in Nigeria as the liquidator through a guided liquidation option.

He was also involved in the privatization of Skypower Aviation Handling Co. Limited (SAHCOL). Notable clients include the Federal Government of Nigeria, Bureau of Public Enterprises and

Prince Ajayi has a Bachelor’s Degree in Social Sciences from the University of Ibadan. He also has a Bachelor’s Degree in law (LL.B) and a Master’s Degree (LL.M) in law from the University of Lagos, Nigeria. He is a Barrister and Solicitor of the Supreme Court of Nigeria.

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He is a Chartered Accountant and a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). He is the Chairman of ICAN Faculty on Insolvency and Corporate Re-Engineering and the Vice President of Business Recovery and Insolvency Practitioners of

Nigeria (BRIPAN).

He is a distinguished Fellow of INSOL (Insolvency International) and has the honour of being the first qualified Fellow of INSOL International from Africa.

Prince Ajayi is a member of the International Insolvency Institute (III), III is an invitation only membership of the most senior, experienced and respected practitioners, academics, judges and financial industry professionals in the world.

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Prince Ajayi is a two time president of the Collectives Club, Sagamu, the current Chairman Board of trustees of Collectives Club, Sagamu. He is also a member of Ikoyi Club and Lagos Tennis Club. A Trustee of United African Methodist Church.

– Wale Adewunmi, Ogun State Correspondent