Skip to main content

Advertisement

Popular billionaire dies in Ibadan, days after Ajimobi’s death

Ibadan has lost another industrious son, the parakoyi of Ibadanland, Chief Bode Akindele is dead. He was the father of popular Lagos Fashion Designer, Tiffany Amba.

He was the Baba-Ijo of Agbeni Methodist Church.

He died on Monday at the age of 87.

The industrialist who was also the Parakoyi of Ibadanland and the Chairman of Madandola Group, was a successful entrepreneur and a renowned industrialist in Nigeria.

Chief Bode Akindele was born 87years ago, precisely on the 2nd of June 1932. His father, Pa Joshua Laniyan Akindele, was a Chief Tax Clerk for the whole of the Western Region and as such hisposition can be equated to that of the Chairman of the Inland Revenue today and his mother, Rabiatu Adedigba, was a wealthy Ibadan trader who was politically influential. It is interesting to note that Alhaja Rabiatu was the first woman to go to Mecca in Ibadan.

Chief Akindele’s business empire operates under the name Modandola Group Of Companies, named after his mother, which translates to ‘God, if you give me the wealth, give me a child that can take care of it.’ Madandola Group spans from maritime to properties, manufacturing, real estates, investments, finance and flour milling with its headquarters in the United Kingdom.

The Fairgate Group, (a company owned by Chief Akindele, located on Bond Street, London, England), deals mainly in properties. Some of its tenants include giant retail stores like Sainsbury and Asda Wall Mart. As at the last quantification, the Fairgate Group was said to be worth over a billion pounds sterling.

Among the subsidiaries of the Madandola Group making waves in the business world include Standard Breweries, Ibadan, Diamond Foods Ltd, Ibadan, United Beverages Ltd, Ibadan, Associated Match Industry, Ibadan, merged with Ilorin, Port-Harcourt and Lagos to form a company with a large share of the Nigerian market and Standard Flour Mills in Lagos.

The post Popular billionaire dies in Ibadan, days after Ajimobi’s death appeared first on Kemi Filani.

Comments

Facebook

Ads

Popular posts from this blog

ScienceDaily: Latest Science News

ScienceDaily: Latest Science News Uncoordinated trade policies aid alien bee invasions One year posttransplant, recipients of hepatitis C kidneys disease-free Moderate blood sugar control targets recommended for most patients with type 2 diabetes 'Epigenetic landscape' is protective in normal aging, impaired in Alzheimer's disease Health data used to predict who will use opioids after hospitalization Restoring lipid synthesis could reduce lung fibrosis New dual-atom catalyst shows promise to yield clean energy by artificial photosynthesis Wildfires: Smoke and cloud interactions unexpectedly result in cooling Tropical forest response to drought depends on age How does resolving cannabis problems differ from problems with alcohol or other drugs? Roton quasiparticles observed in quantum gas Low blood sugar poses unaddressed threat to people with type 2 diabetes Genetic 'se...

Trade booster: Working with Finance Ministry to ease export credit, says Suresh Prabhu

Trade booster: Working with Finance Ministry to ease export credit, says Suresh Prabhu Export credit provided by banks fell sharply by about 51.3% to Rs 22,300 crore as of September 28 from a year earlier. The commerce ministry is closely working with the finance ministry to ease credit flow to the export sector, commerce and industry minister Suresh Prabhu said on Tuesday. “One of the main challenges for export is finance. There is a decline in (export) finance, so we have taken up the issue with the finance ministry…I think, the finance minister is also looking into this (as in) how we can improve the credit flow into the export sector,” Prabhu told reporters. Federation of Indian Export Organisations (FIEO) President Ganesh Gupta has been seeking adequate credit to exporters on grounds that lack of adequate loans would crimp the growth of exports. India’s exports have been hovering around $300 billion a year since 2011-12, without substantial growth. Read also |  World’s highest...

Seyi Makinde threatens to expose Ajimobi, claims his Government inherited N150bn debt

Governor Seyi Makinde of Oyo state has claimed that his administration inherited a minimum debt of N150 billion, adding that his administration is still checking the books to determine the actual total debt. Governor Makinde made the claim in a media chat on the state television on the occasion of his one month in office, The Nation reports. It was gathered that the governor threatened to expose his predecessor, Abiola Ajimobi , if he does not keep quiet about his (Makinde’s) administration. He said: “ We have confirmed N150b debt so far. We are still working to discover any other one. Some of them may be questionable. If you take bond, it is always tied to a particular project. If we want, we can do value-for-money audit.” According to Makinde, Oyo state receives N4.5b federal allocation while salaries and pensions stand at N5.5b, leaving the state with a shortage of N1b. The governor, however, said that all those facts were not big problems, adding that he would only be needing...