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General News of Thursday, 14 January 2021


Billionaire businessman, Akin-Olugbade, dies of coronavirus

The COVID-19 pandemic continued its rage yesterday, claiming billionaire businessman and legal icon, Chief Bolu Akin-Olugbade.

According to family sources, he died in Lagos at a private hospital accredited to manage the killer virus. He was 61.

Known for his love for Rolls Royce, its largest collector, he was the Aare Onakakanfo of Owu Kingdom and had a massive business interest, spanning property development, construction, manufacturing, logistics, distribution, maritime and offshore services and investment banking.

His death coincided with a raging controversy over the constitutionality of the mass closure of Nigeria’s universities by the federal government as some Senior Advocates of Nigeria (SANs) disagreed with the position of a legal luminary and founder of Afe Babalola University, Ado Ekiti (ABUAD), Chief Afe Babalola (SAN), who said the shutdown has no legal basis.

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