Exposed: How soured businessl tore Oluwalogbo, Remi Adiukwu marriage apart

When the marriage between former Lagos State governorship hopeful and female politician, Chief Mrs. Oluremi Adiukwu, and Epe-born socialite businessman, Chief S.O Bakare, popularly known as Oluwalogbon, ended about ten years ago, a number of reasons were suggested for the unexpected split.

But none of these adduced reasons was confirmed by either of the concerned parties. Since then, many have been looking forward to learning why the union collapsed.

It has now been revealed that the two went their separate ways because of a soured business deal. Sources said the business was carried out by Oluwalogbon when he was still in charge of Metropolitan bank.

Remi Adiukwu, who also was as a Commissioner under Asiwaju Bola Ahmed Tinubu as governor in Lagos state, wedded Chief Bakare, the Babalaje of Ijebuland and owner of Oluwalogbon Motors, in December 2002 after dating him publicly for a couple of years.

But their union ended abruptly in 2013. What started as a rumour was confirmed when Adiukwu dropped Bakare from her name. But nobody explained the circumstances that led to the collapse of the marriage.

But it has now been confirmed that a business deal which started in 2001 when Chief Bakare (Oluwalogbon) registered two companies in the name of Remi Adiukwu and his friend, one Mr. Omole, led to the failure of the marriage.

Sources said the two companies got a Commodity Import Finance loan totalling about N1 billion from the Metropolitan bank.
Oluwalogbon could not use his own name for the transaction because he was the chairman of the bank at the time.

The commodities imported with the fund which were iron rods, were warehoused by Metropolitan bank, in Oluwalogbon’s premises at Ikeja in Lagos.

It was also gathered that no single one of the iron rods were sold without the approval of the bank. Sources added that neither Adiukwu nor Omole were really involved in the business transaction from beginning till the end. Adiukwu who was nursing a governorship ambition at the time, was too involved in partisan politics to care about the deal.

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 crisis started in the marriage as Adiukwu troubled as Adiukwu was asked to come and explain what happened to the transaction by the NDIC. During all her appearances, she made it clear that she knew nothing about the deal as both the running of the business and the management of the funds were solely handled by Chief Oluwalogbon.

But her name as a director of the companies remained an issue. Soon, she became displeased that her husband failed to resolve the matter over the years in spite of the embarrassment it is causing her and this led to the abrupt end of their marriage in 2013, according to reliable sources. Though the two are no longer married, the matter is yet to be settled as the NDIC continue to drag Adiukwu and Omole over the failed transacrion.

It was also gathered that Chief Bakare has never denied his involvement in the business transaction. According to a source, he is trying to resolve the issue with the NDIC while assuring Adiukwu and Omole that they will not be implicated for their name in the company registration but his former wife gets more and more disappointed day by day foreclosing any chance of their being reunited.