Tag Archives: Gbadamosi

Lagos State lost a great son in Gbadamosi – Ambode

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Gov. Akinwunmi Ambode of Lagos State on Thursday expressed shock over the passage of foremost industrialist and economist, Chief Rasheed Gbadamosi.

Gbadamosi, who was a Co-chairman of the Lagos @ 50 Committee, died on Wednesday at the age of 72.

Ambode said in a statement by his Chief Press Secretary, Mr Habib Aruna, that he was truly saddened by the demise of the former Minister for National Planning.

The statement said he described the late Gbadamosi as a true Lagosian, who was passionate and always willing to serve his state and fatherland.

“As a foundation member of the first Lagos State Executive Council after the state’s creation in 1967, he contributed immensely towards laying a solid foundation for what is today the foremost state in the country and the nation’s Centre of Excellence.

“He also distinguished himself as a Federal Minister and the Chairman, Petroleum Products Pricing Regulatory Agency (PPPRA).

“Chief Gbadamosi was a sound economist, one of the best in his generation. His passion to serve his fatherland was never in doubt,’’ it said.

“So, it was not surprising to me that he graciously accepted to serve as Co-Chairman of our Lagos @ 50 Committee and in the last few months, he was directly involved in the meetings and planning to ensure the success of the celebration.

“He was the youngest commissioner in Lagos State at 27, an industrialist and a very consistent financial expert.

“He was a proud son of Lagos State who had paid his dues over the decade.

“A financial guru and a public administrator per excellence who would never shy away from letting people know that he was a thoroughbred Lagos boy born in Ikorodu.’’

The statement said Ambode, while commiserating with the family of the late economist, urged them to take solace in the fact that he lived a fulfilled life and continued to render meritorious service to the state until his demise.

“On behalf of the government and people of Lagos State, I want to express our heartfelt condolence to the family of Chief Gbadamosi on this great and irreparable loss.

“He paid his dues and Lagos residents will always remember him,’’ it quoted Ambode as saying

President Buhari Mourns Ex-Minister Chief Rasheed Gbadamosi

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President Muhammadu Buhari has commiserated with the Government and people of Lagos State on the passing on of former Minister of National Planning, Chief Rasheed Gbadamosi.

This is contained in a statement issued in Abuja on Thursday by Mr Femi Adesina, the Special Adviser on Media and Publicity to the President.

Buhari also extended his condolences to all family members, friends and professional colleagues of the late acclaimed economist, eminent industrialist, playwright and promoter of arts and culture.

He urged them to be consoled by the fact that Gbadamosi’s contributions in these diverse fields of life would be appreciated for a long time.

Buhari also stated that the nation would remain ever grateful for the meritorious and exemplary roles Gbadamosi played not only as a minister, but also as a former chairman of the Bank of Industry (BoI) and the Petroleum Products Pricing and Regulatory Agency (PPPRA).

“There is no doubting the fact that the economic development of Nigeria was always uppermost in his mind,’’ the President reminisced about the ex-development expert.

The President prayed that the almighty God would grant the soul of the deceased eternal rest, and comfort his family.

Panama Papers: $2.6m Penthouses Traced To Ex-Minister

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A former Minister for National Planning, Rasheed Gbadamosi, bought two luxury penthouses worth $2.6m in Panama in 2008 while serving as the Chairman of the Petroleum Products Pricing Regulatory Agency, according to leaked data from Panamanian law firm, Mossack Fonseca.

According to a documents sighted by Nigerian online newspaper, Premium Times, Gbadamosi who was recently appointed co-chairman of the Lagos at 50 planning committee, bought the two houses in the most opulent areas of Panama.

Under Nigerian law, acquiring assets abroad is not illegal, but according to the Fifth Schedule of the constitution, chairmen and members of government boards or other governing bodies and staff of statutory corporations and of companies owned by the federal, state or local governments must declare their assets on assumption of duty and on leaving office.

Apart from declaring their assets, appointees are also expected to justify their sources of income for whatever additional assets are acquired in-between the commencement of duties and departure from office.

It could not be verified as of press time if Gbadamosi declared his interest in the two penthouses to the Code of Conduct Bureau.

According to documents sighted by Premium Times, sometime in early 2008, the former minister approached Gilberto Aleman, a Panamanian real estate broker, to help him secure two posh penthouses owned by Nicolas Corcione, owner of Ciclones Corporation Inc and Cosmopolitan Corp, the companies under which the properties were registered.

Valued at $1,365,000, the first penthouse Gbadamosi bought, is located in Ocean Park Tower 2, and consists of a surface area of 537.33 square meters, on floors 35 and 36 of the tower.

The property is registered under the ownership of Ciclones Corporation Inc.

The second penthouse is located in the same building as the first, Ocean Park Tower 2. It consists of a surface area of 479.88 square meters, on the 39th floor of the building. It was registered under the ownership of Cosmopolitan Corp.

All attempts to speak with the ex-minister prove abortive as his telephone line did not connect while a text message was not responded to by of 7pm on Sunday.

Credit : Punch