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Aare Ona Kakanfo of Owu Kingdom, Bolu Akin-Olugbade, dies of COVID-19


Bolu Akin-Olugbade, billionaire businessman, has died from COVID-19 complications.

According to family sources, the socialite, aged 64, died yesterday at an isolation facility in Lagos State. He was the Aare Ona Kakanfo of Owu Kingdom.

The well-known socialite and successful lawyer obtained a doctorate in Company Law from Cambridge University. He was a great lover of high-end Rolls Royce cars and globally reputed as one of the largest collectors of Rolls Royce.

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He also had business interests in property development, construction, manufacturing, logistics, distribution, maritime and offshore services and investment banking. He attended Corona School, King’s College, Lagos and London University.

It was revealed he died at the Paelon COVID Center, Ikeja. Until his death, Akin-Olugbade was the chairman of Bolu Akin-Olugbade Limited and GMT Limited.

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He was born on April 2, 1956, to the family of late Babatunde Akin-Olugbade, Balogun of Owu and a wealthy businessman.

He was known for his love for Rolls Royce and was one of the largest collectors worldwide.

His 10th Rolls Royce, the Cullinan worth $450,000, was reportedly the first shipped to Africa in 2019.

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A man of taste and glamour, Akin-Olugbade told ThisDay in 2018:

“I have different concepts of how I spend money.

“I spend money on cars because I have always loved cars. I bought my first Rolls Royce in 1984 and now, I am on my ninth Rolls Royce. I believe in dressing well and I travel a lot.”