Yes, the same Asiwaju of Ikere. Yes, Chief Wole Olanipekun SAN, CON — the colossus of the Nigerian legal profession. One of the greatest lawyers Nigeria has ever produced. That slender, jelly-like young man who sharpened his legal teeth under Akanbi Oniyangi & Partners on Ibrahim Taiwo Road, Ilorin, has now grown into not only a dignified pundit, an icon, and a legend, but also, shockingly, a reckless fellow when it comes to spending his hard-earned money as if money were tap water running freely in Ikere. Is he even human when it comes to spending foolishly on “rubbish”? Yes. Let me talk. This is a 29-year investigative journalism project I have endured and executed.
At long last, I can no longer keep quiet. The scandal is too enormous, the irresponsibility too shocking, the misbehavior too consistent. After nearly three decades of undercover observation, it is now established that Chief Wole Olanipekun SAN, CON, Asiwaju of Ikere Kingdom, has been committing the most reckless financial crime in Nigerian history: he has been wasting money — billions — deliberately, stubbornly, and joyfully. And for those asking where exactly all that money has been disappearing to, we can now reveal the two monstrous, shameless, unrepentant siphoning pipes he engineered to drain his wealth away.
First is the Wole Olanipekun Scholarship Scheme, WOSS, a scholarship machine so destructive that it has swallowed millions for 29 uninterrupted years and “criminally” funded over 3,274 students from secondary school to university to law school, with 255 students supported every single year and more than ₦600 million wasted on law school bursaries alone. Instead of investing in mega estates, oil wells, private islands, or generational assets like his billionaire colleagues, this Chief insists on pushing ordinary children of ordinary people into extraordinary futures. He refuses to build monuments for himself; he insists on building brains for the future. As someone once said, “The greatness of a man is not measured by what he owns, but by what he gives away without expecting return.” A shameful philosophy indeed, if one follows the Nigerian manual of showmanship.
The second pipe is the Wole Olanipekun Foundation, WOF, a non-stop money evaporator and humanitarian factory where money enters and never returns. Every year, WOF gulps Youth Entrepreneurship Grants for 250 beneficiaries at ₦150,000 each, aged and widows’ grants, palliatives for over 1,500 people, empowerment for over 800 youths, and support for 600 aged and widows. All these — instead of buying private jets, yachts for birthday shoots, or fleets of luxury cars to oppress the weak. The man simply wastes money on people. And as another wise truth reminds us, “If wealth does not flow into other lives, it is nothing but a decorated prison for the owner.” But Chief Wole refuses to imprison himself.
Now the mystery is solved: WOSS and WOF are the two underground tunnels through which this eminent Senior Advocate has been siphoning away billions that should have been reserved for worldly spectacle. Instead of piling wealth for his tenth generation, he piles testimonies. Instead of storing gold, he stores gratitude. Instead of building dynasties of concrete, he builds dynasties of human beings. Which kind of Yoruba elder behaves like this? What will his descendants inherit? Books? Integrity? Community goodwill? What a catastrophic inheritance structure.
And it doesn’t end here. While his mates are buying jets, he is busy building court complexes, equipping hospitals, donating to Anglican Churches, supporting clergy, and transforming UI, Ajayi Crowther, BOUESTI, and entire communities into monuments of progress. This is not philanthropy — this is reckless abuse of wealth. In a country where money is a weapon for oppression, Chief Wole insists on using his money to lift people — people he knows, people he does not know, people he may never meet again. If this is not financial madness, what is?
Yet, do the beneficiaries appreciate him? Yes, they do. Terribly. On Saturday, November 22, 2025, I was physically present at his Iyaniwura House in Ikere, that massive, dignified compound where Governor Biodun Abayomi Oyebanji, his Deputy Princess Monisade Afuye, twenty Royal Fathers, and thousands of beneficiaries, past and present, gathered to witness the 29th Edition of the Scholarship Scheme and the 6th Edition of the Empowerment Programme. I saw tears turn into joy. I saw former nobodies becoming business owners. I saw children who would have remained trapped in illiteracy now studying law, engineering, medicine. I saw widows, hundreds of them, testifying how his “financial recklessness” rescued them from shame, hunger, hopelessness, and lifetime poverty. They spoke with trembling voices of how this man saved their families and their future and lifted them from the pit of misery into the light of dignity. So yes — those he spends on do appreciate. They appreciate loudly, openly, sincerely, and emotionally.
And for all this, we say: if this is waste, may more people waste like him. If this is madness, may Nigeria be filled with madmen. If this is recklessness, may Africa be overrun by the reckless. If this is foolishness, may the world’s wealthy become fools. For the sake of generations unborn, for the sake of communities unseen, for the sake of destinies rising, for the sake of the future expanding, may his tribe increase — violently and globally.
Kare oo, Bra Wole — as we usually called him, I mean me and Taiye Shola Falegan, my great and wonderful friend who introduced me to Chief Wole Olanipekun at Akanbi Oniyangi Chambers, Taiwo Road, Ilorin, in 1979. And since then, he has been a mentor.
And I am grateful to Chief Wole Olanipekun SAN CON.
The Asiwaju of Ikere Ekiti.
Signed
Wale Ojo-Lanre Esq
USI Ekiti
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