It would be recalled that the Oba, after an open ballot contest of about 19 princes from seven kingmakers in Remo-land was chosen two months after the Akarigbo’s demise. The new Akarigbo is a chartered accountant and barrister with over 20 years experience as a professional Insolvency Practitioner.
He is an Alumnus of the University of Ibadan, after which he trained as a Chartered Accountant. At 26, he was already General Manager of a massive company. As a law student, he emerged the best student in his LL.B class.
Today, he has handled nothing less than 250 Insolvency and Restructuring assignments, including the liquidation of Nigeria Airways Ltd as the assistant liquidator and the privatisation of the three steel rolling mills in Nigeria as the liquidator through a guided liquidation option. He was also involved in the privatisation of Skypower Aviation Handling Co. Limited (SAHCOL). His other notable clients include, the Federal Government of Nigeria and the Bureau of Public Enterprises.
In addition to his LL.B, he also has a Master’s degree (LL.M) in Law from the University of Lagos, Nigeria. He is a Barrister and Solicitor of the Supreme Court of Nigeria, a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), the chairman of ICAN Faculty on Insolvency and Corporate Re-Engineering and the Vice President of Business Recovery and Insolvency Practitioners of Nigeria (BRIPAN). Ajayi’s distinguished career is not limited to Nigeria. He is a distinguished fellow of INSOL International, a global federation of insolvency practitioners. He was the first African member. He is also a member of the International Insolvency Institute (III), which is an invitation only membership of the most senior, experienced and respected practitioners, academics, judges and financial industry professionals in the world.
