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Every competent corporate entity has a vision; accompanied with a mission statement to see the vision through. For Mr. Victor Ogiemwonyi, the Governor-General of Partnership Investment Co. Plc & Partnership Securities Ltd., he sought and saw his vision in the soul and sound of the 1925 Nobel Prize winner in Literature, George Bernard Shaw: ”The greatest of all evils and worst of crimes is Poverty. Our first duty to which every other consideration should be sacrificed is, Not to be Poor”.

This was the guiding light and driving force of Victor and his Partnership babies. He set out to conquer poverty from his household and famished family and to ensure the life of a King of Opulence while the wife becomes the Queen of Splendor, the three daughters, the exotic Smart Princesses and the only boy Kola, the Grand Inheritor.

Unfortunately, he sought to attain his noble dream by, as it is now abundantly evidenced, defrauding his trusting clients. These customers and clients in all confidence placed their hard-earned savings into his alluring softs palms. So wicked and despicable are some of his activities that he went on to fleece widows and retired old pensioners of their livelihood.

It was not as if Mr Ogiemwonyi has not sniffed opulence; even if at a distance. His Olufunke whom he slyly and strategically pursued with dexterity and alacrity to become his wife in far-away Houston, Texas in 1980 (we are unable to confirm the rumour of a second and/or third wife), was the prized daughter of Chief Henry Fajemirokun, the business mogul.

Giving credit where it is due, Fajemirokun is one of the few old-rich in Nigeria (of the league of stingy Odutola, benevolent Michael Ibru, conservative Sir Ojukwu and cheerful Dantata) who made money the hard way; they earned it, devoid of scandal, government patronage and fraud. But Ogiemwonyi and his wife had no keys to Fajemirokun locker room. They saw the treasury safe but could not touch it as Dele, the first son and scion was the Controller-General of Fajemirokun clean, old money. But the crumbs from the table that reached their hands, Victor gathered.

These, with other aids from friends, Victor gathered to start Partnership Investment Co. Ltd. at 37, Ademola Street, Off Awolowo Road, South West Ikoyi in February 1991. We have dug into the lives and times of Victor Ogiemwonyi, his family (immediate and extended), businesses, employees (past and present), friends and foes alike in order to unravel the mystification of Mr Victor Ogiemwonyi whom history with incontrovertible facts has labelled a Victor of Fraud.

It is a mixed tale of an initial noble ambition but later tainted with obscene or adulterous exuberance and gross mismanagement of funds and friendship. We will be lenient with him rather than throw him to the dogs with the mighty heaps of records and facts dug up on him, his family and associates for we detected a tiny humane and noble speck somewhere at the tip of his heart. It is ironic and tragic that Mr Ogiemwonyi, a graduate of Accountancy, supplemented with an MBA from the top-rated black institution, Texas Southern University, Houston and recently complimented with an MBA from the world’s foremost Univ. Harvard, refused to remember that short-term facilities should never be used for long-term investments especially fixed economic assets. He pulled short-term funds from unsuspecting clients, customers and friends for investment in personal residential properties.

He also forgot that old broom sweeps better rather than discarding old peers and sailing with new disloyal amateurs and novices in the area of finance, management and marketing. Today, Victor and his two companies are in the hole for almost N20 billion in debts. The funds he frittered away in luxuries are vanities belong to others and he must now pay back. But how did Victor, the son of Mr Bright Ogiemwonyi, a building contractor in Ibadan (where Victor was born in August 1955) and Victoria Omonuwa, a granite trader, come to sqander customers’ and clients’ N20 billion?

To be continued…

You can read our previous report on him here

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