Kemi Omololu-Olunloyo, daughter of former Oyo State Governor, Dr Victor Omololu Olunloyo, has explained the circumstances leading to the N40 million fraud charge the police brought against her cousin, Akinkunle Olunloyo last Friday.
Madam KOO, as he is fondly called, said Akinkunle was defrauded on the part of the N40m by some of his friends, who are now on the run.
In her explanation to The Nation, Madam KOO said that Akinkunle, a former nightclub owner and Chief Executive Officer (CEO) of Code Media Ltd, had repaid N26 million to his creditors.
Clarifying the controversy surrounding Akinkunle’s identity and his relationship with her father, she said: “My grandfather, Horatio Olunloyo, who owns Molete House in Ibadan, had five children: three girls and two boys. The ‘boys’ are my dad, Dr Victor Omololu Sowemimo Olunloyo, and his brother, the late Prof. Vincent Olusegun Sowemimo Olunloyo, or my Uncle Segun, as I call him. My dad is the older sibling, Uncle Segun was the third born. Both sons have the same initials: V.O.S. Uncle Segun was famous in his own right. He was a top engineer, very popular at the University of Lagos, where he lectured. He died last October after an illness and was buried last December.
“Akinkunle Olunloyo is Uncle Segun’s second son. So, he is my dad’s nephew and my cousin. I saw him just after he was born in 1978. It was the last time I saw his mum and his two siblings. So, when I saw him being identified in stories online as my dad’s son, i.e. my ‘brother’, it was really weird.
“Akinkunle’s mother is Mrs Joko Olunloyo, wife of Prof. Vincent Olusegun Sowemimo Olunloyo. But they divorced after some years, so I don’t know if she’s still using Olunloyo. I call her Aunty Joko.
“Aunty Joko told me Akinkunle has paid back N26 million out of the N40 million, so he owes something like 13 or 14 million naira.”