Dr. Kamaldeen Adekilekun, a Senior Special Assistant to Governor Ademola Adeleke, is set to defy the governor’s order and emerge as the Board Chairman of the LivingTrust Mortgage Bank, InsightMedia has gathered.
This medium gathered that the governor’s appointee’s nomination as Non-Executive Director of the Bank was withdrawn via a letter signed by the Governor himself on March 26.
However, Adekilekun is set to participate at the Bank’s Annual General Meeting slated for July 17 and will even be elected as a Non-Executive Director of the Bank, development that goes contrary to the order of the Governor.
A proxy form for the July AGM obtained by InsightMedia confirmed his proposed attendance.
The Ending drama
Adekilekun’s nomination was withdrawn by Governor Ademola Adeleke via a letter he personally signed on March 26, 2025.
The letter, which was addressed to the Managing Director of the Bank, partly read, “I present to you the very warm compliments of the Government and People of Osun State.
“Please be informed that we write to withdraw the nomination of Dr. Kamaldeen Adekilekun as a State Director nominee on the Board of Living Trust Mortgage Bank Plc with immediate effect. We shall communicate possible replacement in due course.”
In a dramatic turn of events, a counter letter was sent to the Managing Director on April 17, 2025. The letter, signed by one Olusoji Wojuade, a permanent secretary in the Office of the Secretary to the State Government, urged the MD to disregard the letter earlier signed by the Governor.
The April 17 letter partly, “I write to re-present Dr. Kamaldeen Adekilekun, whose nomination was included in the list of the names of director nominees on the board of the Living Trust Mortgage Bank Plc. earlier submitted to you by the Osun state government.
“It should be noted that Dr. Kamaldeen Adekilekun was voted as the Chairman of the Board of Directors of the Living Trust Mortgage Bank Plc. by his counterparts on March 24, 2025 before the withdrawal of his nomination.
“This letter, therefore, conveys his re-nomination by the Osun state government, empowering him to function as a Director Nominee/Chairman of the Board of Directors.
“Please, note that the contents of this letter take precedence over the one, with reference number S.12/19/1/Vol.VI/194, dated March 26, 2025 sent to you, requesting for the withdrawal of his nomination.”
However, after some internal discussions, Wojuade issued another letter to MD of the bank, where he upheld the Governor’s decision to withdraw the nomination.
He said the letter was “erroneously released”, stating that the nomination stands withdrawn in consonance with the order of the Governor.
The letter dated April 29, 2025 partly reads, “We refer to our letter dated 17th April 2025 on subject matter with reference number SS/EX/08/Vol. IV/72, which was erroneously released.
“After a careful consideration, the state has decided to further engage the CBN on the matter. The directorship of Dr. Kamaldeen Adekilekun stands withdrawn in reference to the letter dated 26th March 2025 signed by the Executive Governor, HE Senator Ademola Jackson Nurudeen Adeleke.
“Whilst apologizing for the mix up, please accept the assurances of my highest regard.”
