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By Funsho Arogundade
Unarguably, in his days, only a few can boast of standing on the same step as Dr. Olabisi Onasanya in the banking industry. As a well-trained chartered accountant and top brass banker culminating as a successful two-term group managing director of First Bank of Nigeria Limited, Onasanya has continuously shown that integrity is a way of life that should be lived in every situation and not only a principle that should be taught. His aged-long unwavering dedication to doing the right thing speaks volumes about his character.
It’s the same steadfast integrity and exemplary leadership, Onasanya has brought into his new interest: real estate. In his short stint, the gentleman has firmly established himself as a distinguished figure in Nigeria’s property business. Having started The Address Homes from the bottom and taken it to the top, he is one of the movers and shakers of the industry. The property firm has not only become synonymous with quality and innovation, but has also executed numerous successful projects, with many more currently under development. Under his visionary leadership, the company rapidly transformed into a prominent player in the real estate market, making substantial contributions to the ever-evolving skylines of Lagos. This growth reflects Onasanya’s unwavering commitment to excellence and highlights the unique flair he brings to every business endeavour he pursues.
But throughout his journey, the Ogun State-born accomplished entrepreneur has faced persistent challenges from detractors who have sought to tarnish his well-earned reputation. Their grievances appear to stem from jealousy over his exceptional rise to prominence. But this man of strong character always came out triumphant.
The recent was the allegation of corporate heist and a loan facility case amounting to over N12 billion. Despite the heavy burden of this accusation, Onasanya has publicly maintained his innocence, describing the case as meritless and asserting that all his decisions during his time at First Bank adhered strictly to the regulations established by both the bank and the Central Bank of Nigeria (CBN). Penultimate week, the retired super banker got a reprieve in a significant turn of events when the Federal High Court in Lagos struck out the matter after the Economic and Financial Crimes Commission (EFCC) withdrew its case against him. The dismissal followed an out-of-court settlement that involved Onasanya and other notable parties in the case aided by the intervention of the Attorney General of the Federation. This resolution starkly underscores Onasanya’s innocence and counters the negative narratives propagated by his adversaries.
