Babcock Repays N17.5bn Debt Under Tayo, As New VC Unveils Reform Agenda

Funmi Ogundare

A former President and Vice-Chancellor of Babcock University, Ilisan-Remo, Ogun State, Prof. Ademola Tayo, Monday announced that the institution is exiting his 10-year administration completely debt-free, after liquidating an inherited N17.536 billion liability while simultaneously executing major academic, digital and infrastructural reforms across the university.

In his valedictory address titled ‘Consolidating a Decade of Transformation (2015–2025)’, Tayo described the financial turnaround as one of the defining achievements of his tenure, noting that the debt, though strategic and not reckless, had constrained the university at the outset.

“Today, I am proud to affirm that we have fully repaid every naira of that inherited debt. We leave this institution stronger, more stable, and firmly positioned for sustainable growth,” he said.

Beyond the fiscal recovery, the former VC highlighted sweeping advancements in digital infrastructure, research, governance, academic expansion, mission work and campus development.

Under his watch, the university’s internet bandwidth grew 19-fold, analogue inter-building links were replaced with campus-wide fibre-optic connectivity, and over 70 smart boards were installed to modernise teaching.

The institution, he noted, also became Nigeria’s first university, public or private, to secure National Data Protection Commission (NDPC) certification as both Data Controller and Processor.

The university, Tayo added, underwent 47 national and international accreditation cycles with excellent outcomes, introduced new programmes, including Engineering and Environmental Studies; and established new academic schools.

“Publications rose from 392 in 2015 to 4,717 in 2025, while citations climbed from 280 to 24,460 within the same period. External research funding also increased, with grants attracted in naira, dollars, pounds, and euros.

“The ASR Foundation’s N250 million support for Babcock University Press, as well as other local and international grants, helped elevate the school’s research profile,” the former VC stressed.

Addressing journalists, the newly inaugurated President/Vice-Chancellor, Prof. Afolarin Isaac Ojewole, who just assumed office, emphasised his reform agenda which will be anchored on people-centred leadership, digital transformation, global competitiveness, and a renewed commitment to the school’s Seventh-day Adventist heritage.

Ojewole stated that his administration would prioritise human development above profit, pledging to build men and women through a new strategic framework he termed Globally Relevant, Research-Focused, Adventist-Rooted, Competent Community, and Entrepreneurial.(G.R.A.C.E).

He emphasised that Babcock must rise and build champions of grace, stating that the institution was not merely an academic centre but “a sacred trust, a covenant between the church and the future”.

Signalling the start of what he called a new chapter, the VC announced a series of immediate and medium-term reforms, including full automation of finance, registry, HR, bursary and Teaching Hospital operations, faster exam result release and hassle-free transcript processing, a 50 per cent increase in international students and 25 per cent faculty with global exposure.

Other reforms are internationally accredited curriculum and digital integration across departments, smart classrooms, upgraded laboratories, and renewable-energy-driven campus systems, a coordinated research and innovation ecosystem through the Babcock Innovation & Venture (BIV) Programme with a N50 million pilot fund.

Ojewole also ordered the immediate purchase of a brand new coaster bus following reports that students were stranded during clinical rotations, stressing that such experiences were unacceptable in the new Babcock.

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    Just In: Gunmen Attack Abia Gov Otti’s Advance Team in Imo

    By Tony Icheku in Owerri

    Abia State Government has confirmed that its officials were attacked Tuesday by gunmen in Imo State, but no lives were lost. “The Governor’s convoy was not involved”, the media side to the governor of Abia State, Governor Alex Otti confirmed.

    In a statement, the Chief Press Secretary to the Governor, Ukoha Njoku Ukoha, explained that an advance team from Governor Otti’s Office came under attack from unidentified gunmen in the early hours of Tuesday.

    The security incident occurred along the Umuowa–Ihite axis, a few kilometres before the Sam Mbakwe Airport junction in Imo State, where the team was heading for an official engagement.

    Ukoha explained that three members of the governor’s advance team were involved in the attack. The assailants targeted the team’s vehicle on their way to Sam Mbakwe Airport on routine duty.

    The Abia State Government clarified that Governor Otti’s convoy was not involved in the incident, dispelling rumours circulating on social media. The statement further confirmed that no fatalities were recorded.

    The statement urged members of the public to remain calm, assuring that the state government is committed to safeguarding lives and maintaining peace amid rising security challenges across the South-East.

    The Imo State Police Command did not respond to inquiries on the incident as at Press Time

    THISDAY recalls that former Political Adviser to former President Goodluck Jonathan, Ahmed Gulak, was shot dead by yet to be identified gunmen along the same axis in May 2021.

    ​  

    By Tony Icheku in Owerri Abia State Government has confirmed that its officials were attacked Tuesday by gunmen in Imo State, but no lives were lost. “The Governor’s convoy was

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    ‘Otti’s Govt Has Weaponised Taxation against Traders in Abia’

    ‘Otti’s Govt Has Weaponised Taxation against Traders in Abia’

    Adedayo Akinwale in Abuja

    A chieftain of the All Progressives Congress (APC) in Abia State, Paul Ikonne, has accused the administration of Governor Alex Otti of Abia state of weaponising taxation against traders in the state.

    Ikonne, in a statement  yesterday, lamented that the governor’s appointees have turned a lawful civic responsibility into a brutal tool of oppression.

    He expressed deep worry over the untold hardship traders in Ariaria and other major markets in Aba are currently facing in the hands of these government-backed enforcers. 

    Ikonne noted: “The governor’s appointees have weaponised taxation, turning a lawful civic responsibility into a brutal tool of oppression.”

    He recalled how Otti, during campaigns, criticized the N18,000 levy imposed by the former administration as “too high” and promised drastic reduction. 

    Ikonne said shockingly, upon assuming office, the same governor inflated the levy to an outrageous N36,000, pushing thousands of struggling traders into deeper economic misery.

    He added that traders who can barely afford their daily survival are now confronted with an impossible choice: pay the inflated levy or lose their only source of livelihood.

    Ikonne noted: “Government enforcers now move under the cover of night to seal shops of traders who have not paid the new high levy. By morning, affected traders are forced to either pay or face even harsher consequences. 

    “Those who attempt to unseal their shops by themselves are met with coercion, assault, and brutalization from a combined force of government-recruited thugs, police, and even naval personnel. In many cases, traders are re-arrested, their shops re-sealed, and they are forced to pay as much as N45,000.

    “This is not governance; this is tyranny. How can a governor who receives over N30 billion in monthly federal allocations turn around to strangulate ordinary traders struggling to feed their families? What exactly does Governor Otti want from the meagre earnings of the common man?”

    He emphasised that tax policies must be humane, fair, and considerate of the prevailing economic difficulties faced by citizens. 

    The APC Chieftain stressed that when taxation becomes a political weapon — arbitrary, excessive, and enforced with violence — it becomes unbearable and unacceptable.

    According to him, I am worried that the present Abia state government has normalised the sealing of shops, properties, indiscriminate arrests, court summons, and humiliating treatment of Abians whose only crime is their inability to meet oppressive and inflated levies.

    “The rate of molestation and intimidation by agents of this government is alarming,” he stated. No democratic society should subject its citizens to such cruelty. Governor Otti must remember that leadership is about service, not punishment.”

    ​  

    Adedayo Akinwale in Abuja A chieftain of the All Progressives Congress (APC) in Abia State, Paul Ikonne, has accused the administration of Governor Alex Otti of Abia state of weaponising taxation

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