For months now the gist has been running like wildfire that Mega businessman and Aare Musulumi of Yorubaland, Alhaji Azeez Alao-Arisekola is broke following a submission of Guaranty Trust Bank that a Federal High Court should declare the Muslim leader bankrupt after allegedly being unable to pay N6. 9 billion loans granted to his companies.

• Alao-Arisekola

The Aare, whose daughter, Asiyah, married Dr. Umar Abdul Mutallab’s son , Umar Junior, some years back, has denied the allegation that he owed the bank and the picture on the radar of SP shows that if the Muslim leader is truly broke the situation has not reflected in his lifestyle as he has just splashed some millions in discharging certain engagements to commemorate the Holy month of Ramadan.

The Aare is said to be known for his magnanimity especially during this month when he distributes millions of bags of rice to the needy. Despite the raging gist of bankruptcy, Alao-Arisekola at the beginning of the Holy month this August has seen to this commitment. His praises continue to be sung in several quarters as hundreds and hundreds of people are set to benefit from this gesture of his.