Akinyelure Patrick Ayo
Encyclopedia
Akinyelure Patrick Ayo is a Nigerian banker who was elected to the Nigerian Senate for the Ondo Central district in Ondo State
in the 9 April 2011 elections running on the Labour Party
ticket.
Akinyelure Patrick Ayo is an approved tax practitioner of the Chartered Institute of Taxation of Nigeria
.
He was Group Executive Chairman of the Allover Group, a microfinance
lender, from 1994 to 2010.
In January 2011 he denied that officials of the Economic and Financial Crimes Commission
(EFCC) had investigated him over the withdrawal of the bank's licence by the Central Bank of Nigeria
.
Patrick Ayo Akinyelure was Labour party candidate for the Ondo South Senatorial seat in April 2007. In July 2008 an Election Petition Tribunal in Akure
nullified the election of Senator Gbenga Ogunniya
of the People's Democratic Party
(PDP) based on Akinyelure's petition.
Ogunniya succeeded in appealing this decision.
In the 9 April 2011 elections, Akinyelure ran again and this time was elected with 113,292 votes, ahead of Gbenga Ogunniya of the PDP with 41,783 votes.
Ondo State
Ondo State, Nigeria was created on 3 February 1976 from the former Western State. It originally included what is now Ekiti State, which was split off in 1996. Akure is the state capital.-Government and society:...
in the 9 April 2011 elections running on the Labour Party
Labour Party (Nigeria)
The Labour Party is a socialist/social democratic political party in Nigeria. In the 21 April 2007 Nigerian National Assembly election, the party won 1 out of 360 seats in the House of Representatives and no seats in the Senate. The Party's flagbearer in Ondo State, Olusegun Mimiko, emerged the...
ticket.
Akinyelure Patrick Ayo is an approved tax practitioner of the Chartered Institute of Taxation of Nigeria
Chartered Institute of Taxation of Nigeria
The Chartered Institute of Taxation of Nigeria is a professional organization in Nigeria whose members are certified as qualified tax practitioners or administrators.-Organization:...
.
He was Group Executive Chairman of the Allover Group, a microfinance
Microfinance
Microfinance is the provision of financial services to low-income clients or solidarity lending groups including consumers and the self-employed, who traditionally lack access to banking and related services....
lender, from 1994 to 2010.
In January 2011 he denied that officials of the Economic and Financial Crimes Commission
Economic and Financial Crimes Commission
The Economic and Financial Crimes Commission is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud and money laundering...
(EFCC) had investigated him over the withdrawal of the bank's licence by the Central Bank of Nigeria
Central Bank of Nigeria
The Central Bank of Nigeria was established by the CBN Act of 1958 and commenced operations on July 1, 1959.The major regulatory objectives of the bank as stated in the CBN act of 1958 is to: issue legal tender, maintain the external reserves of the country, promote monetary stability and a sound...
.
Patrick Ayo Akinyelure was Labour party candidate for the Ondo South Senatorial seat in April 2007. In July 2008 an Election Petition Tribunal in Akure
Akure
Akure is a city in the southwestern region of Nigeria, and is the largest city and capital of Ondo State. The city has a population of approximately 387,087...
nullified the election of Senator Gbenga Ogunniya
Gbenga Ogunniya
Gbenga Ogunniya was elected Senator for the Ondo Central constituency of Ondo State, Nigeria on the Alliance for Democracy platform, taking office on 29 May 1999...
of the People's Democratic Party
People's Democratic Party (Nigeria)
The People's Democratic Party is a political party in Nigeria. Its policies generally lie towards the right wing of the political spectrum. It has won every single Presidential elections since 1999, namely: 1999, 2003, 2007, and 2011, and is the dominant party in the Fourth Republic.-History:In...
(PDP) based on Akinyelure's petition.
Ogunniya succeeded in appealing this decision.
In the 9 April 2011 elections, Akinyelure ran again and this time was elected with 113,292 votes, ahead of Gbenga Ogunniya of the PDP with 41,783 votes.