Profile of the Oba-elect Babatunde Ajayi
PRINCE Babatunde Ajayi, the new Akarigbo of Remoland, is the Managing Partner of Babington Ashaye & Co. He has over 20 years’ experience in Insolvency and Restructuring and has handled not less than 250 Insolvency and Restructuring assignments to date. Ajayi handled the liquidation of Nigeria Airways Ltd as the assistant liquidator and the privatisation of the three steel rolling mills in Nigeria as the liquidator through a guided liquidation option.
He was also involved in the privatisation of Skypower Aviation Handling Co. Limited (SAHCOL). His other notable clients include, the Federal Government of Nigeria and the Bureau of Public Enterprises.
Ajayi holds a Bachelor’s degree in the Social Sciences from the University of Ibadan. He also has a Bachelor’s degree Ln law (LL.B) and a Master’s degree (LL.M) in law from the University of Lagos, Nigeria. He is a Barrister and Solicitor of the Supreme Court of Nigeria. A Chartered Accountant and a Fellow of the Institute of Chartered Accountants of Nigeria, ICAN, he is the chairman of ICAN Faculty on Insolvency and Corporate Re-Engineering and the Vice President of Business Recovery and Insolvency Practitioners of Nigeria, BRIPAN.
A distinguished Fellow of INSOL (Insolvency International), Ajayi has the honour of being the first qualified Fellow of INSOL International from Africa. He is a member of the International Insolvency Institute (III), which is an invitation only membership of the most senior, experienced and respected practitioners, academics, judges and financial industry professionals in the world. He is a two time president of the Collectives Club, Sagamu, the current Chairman Board of Trustees of Collectives Club, Sagamu. He is also a member of Ikoyi Club and Lagos Tennis Club, as well as a trustee of United African Methodist Church.
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