Remilekun Rasak Bakare: A Giant Stock Broker & Politician
Remilekun Rasak Bakare, who is popularly known around his circles as RRB is a chartered accountant, chartered banker, stock broker, and politician. He shook the political table of his home state, Ogun, when he defected to the Peoples Democratic Party (PDP) from the All Progressives Congress (APC) before the 2019 elections. He dumped the APC along with the likes of former Governor Gbenga Daniel. The development came as a big surprise.
It was surprising because RRB was a founding member of the Action Congress of Nigeria (ACN), one of the coalition parties that formed APC. He is a close associate of Aremo Olusegun Osoba, also a former governor of the state. Recently, Remi Bakare told City People Publisher, Seye Kehinde, why he defected from APC to PDP and his plans for 2023. This highly accomplished Ogun politician is someone who does not like to draw attention to his self.
Bakare was born on April 24, 1960. He attended Ijero Baptist school, Ebute-Metta, Lagos from 1966-1972, and Ansar Ud-Deen Grammar School , Surulere, Lagos from 1973-1978. He also attended Yaba College of Technology from 1978-1980.
He is a team player who has been in politics for over two decades, and a native of Abeokuta, the Ogun State capital. RRB who was born in Lagos 60 years ago, holds the traditional titles of Aare Adimula of Ake, Abeokuta and Aare Laderin of Egbaland.
He, however, started his secondary education at Egba Comprehensive High School, Abeokuta and completed at Ansar-ud-deen Grammar School Surulere, Lagos, where he obtained Division 1 in WASC. He holds BSc (Hons) in Financial Services from University of Manchester, UK; Masters in Business Administration from University of Lagos and Doctorate degree from Leeds Metropolitan University, UK, specialising in Accounting and Corporate Governance. In addition, he is a Fellow of the following professional bodies.
FCCA Fellow Association of Chartered Certified Accountants, UK; FCA Fellow Institute of Chartered Accountants of Nigeria; FCIB Fellow Chartered Institute of Bankers of Nigeria; Fifs Fellow Institute of Financial Services, UK; FCTI Fellow Chartered Institute of Taxation of Nigeria; and FCS Fellow Chartered Institute of Stockbrokers, Nigeria.
He is the Director-General/CEO of Executive Business School, Lagos, a top-rated business school with affiliation and articulation agreements with leading British Universities. Between 1995 and 2007 he was the pioneer Registrar/Chief Executive of the Chartered Institute of Stockbrokers. He was responsible for the take off and development of the Institute and has to his credit the design and implementation of the Institute’s professional examinations.
Bakare had previously served as the Managing Director/Chief Executive of Nationwide Securities Limited. Prior to this, he worked at United Bank for Africa Plc, Financial Trust Company Ltd and Wema Bank Plc in various capacities. RRB had also lectured at Ogun State Polytechnic (now Moshood Abiola Polytechnic), Yaba College of Technology, ESUT Business School and Olabisi Onabanjo University.
In 2015, he contested the Ogun State gubernatorial election. He was once asked why he left APC, he replied that he has been looking at the political situation in the country, pointing out that any serious politician will either belong to APC or PDP. There is no third force. ‘’That is the reality of the case. But looking at Ogun State in particular, all of us, those of us who belong to the Osoba Group, believe strongly that a stranger is in the house, and he has more or less hijacked the house, and he is more or less removing the roof of the house on himself. And so, we agreed that there is the need to position somebody else who will take over for better governance in the interest of the people of the state.
‘’But what we have not agreed on is the modality for achieving that. So, while some of us who are in the majority believe that we need a coalition of forces to be able to achieve this, few believe that the splinter group from APC could do it alone. That is where we differ. We all agree on one thing: There is need for a change of government in Ogun State. How to achieve it is our point of divergence and disagreement’’, he said.
RRB began his partisan politics in the current dispensation with the Alliance for Democracy (AD). In 2007, he contested for the Ogun Central Senatorial District against the daughter of former President Olusegun Obasanjo, Senator Iyabo Obasanjo-Bello and lost. He challenged the result at the tribunal and lost too. He is widely seen as a loyal party man and supporter of the party even when all hope was lost as he was said to have been continually assisted in financing the party.
Bakare is believed to be capable of financing his campaigns and enjoys the support of old members of the party who feel that having stayed and supported the party for so long, he should be supported in the governorship bid. Also going for him is his cerebral nature. In 2011, his opponents, however, argued that he is too gentle and calm to be able to get involved in thuggery as people had vowed to resist any attempt to rig. To this, Bakare countered that the election would not be won by brigandage but by the will and vote of the people. Members of the party also accused him of not going around with crowd anywhere he goes to which he said that people rather than follow him from one local government to the other should stay in their respective areas and work for the party.