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By Funsho Arogundade
Prominent energy and property magnate, Aare Bashir Olawale Fakorede, is known for his prudent approach to business, avoiding unnecessary controversies while maintaining a reputation for shrewdness. While he tends to speak less, his actions resonate profoundly within the business community. Despite his gentlemanly demeanor, which some may take for granted, he continues to embody a blend of humility and ambition. This has established him as a respected figure among his peers.
Since embarking on his entrepreneurial journey, Fakorede has set himself apart in the competitive landscape of oil and gas. His exceptional sincerity and keen insight into the industry are evident each time he speaks or asked to deliver a lecture on the complexities of the oil and gas supply chain. His depth of knowledge, particularly in the retail segment, would surprise even the most seasoned professionals as he possesses an impressive command of his field, a testament to years of dedication and study. All thanks to his commitment to education.
Fakorede firmly believes that learning should be a lifelong endeavor. His academic journey is both commendable and extensive. He earned an Ordinary National Diploma (OND) in Accounting from the Yaba College of Technology, followed by a Bachelor of Science degree in Accounting from Ambrose Alli University. Shortly after, he launched his business career in 1995 with the establishment of Bash Distinct Oil. His first filling station in Obalende berthed in 1996 in partnership with Agip, marked the beginnings of what would become a formidable presence in the oil and gas sector. Under his leadership, Bash Distinct Oil expanded rapidly and today boasts of over 50 retail stations nationwide. His portfolio further extends into agriculture with 2B5M Limited, as well as real estate through High Link Royal Castle Development and a dredging company.
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Despite his demanding schedule, Fakorede is passionate about living life fully and embracing new experiences. In the demonstration of his commitment to further self-improvement, last year, the business magnate enrolled for a master’s degree programme in Business and Entrepreneurship at Northumbria University, Newcastle. Critics questioned his decision to pursue this programme despite his wealth, but Fakorede’s resilience and desire for personal growth proved to be his guiding principles.
On Monday, September 8, Fakorede celebrated a significant milestone: his Master’s Degree convocation ceremony at the Central Hall, Westminster, in Central London. Dressed in a full Aso-Oke Danshiki and Kembe, to showcase his cultural heritage proudly, Fakorede took the stage amidst cheers and applause from family and friends who rejoiced in his accomplishments.
Following the ceremony, Fakorede later hosted an extravagant after-party at his London home with scores of esteemed figures in attendance. His wife, Tayo, was also at hand to ensure that every guest was treated to an experience worthy of royalty.
