A renowned
chartered accountant and lawyer Prince Babatunde Adewale Ajayi has been
selected as the new Akarigbo of Remoland, Ogun State.
A palace
source just confirmed to P.M.EXPRESS that Prince Ajayi was elected on Thursday
through an open ballot held among the seven kingmakers at the Akarigbo’s
Palace, Sagamu.
The newly
elected Akarigbo is a barrister and solicitor of the Supreme Court of Nigeria,
a chartered accountant and a Fellow of the Institute of Chartered Accountants
of Nigeria.
He is the
Managing Partner of Babington Ashaye & Co with over 20 years’ experience in
Insolvency and Restructuring and has handled not less than 250 Insolvency and
Restructuring assignments to date.
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
The
Akarigbo-elect has a bachelor’s degree in the 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 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.
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.
Ajayi is a
two time president of the Collectives CIub, 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.
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